7 more savings banks suspended in ROK

Updated: 2011-09-22 14:27


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7 more savings banks suspended in ROK
A depositor, who received a number that determines the date he will get provisional payments, looks into the headquarters of Tomato Savings Bank in Seongnam, south of Seoul, Sept 22, 2011. South Korea's financial regulator on Sunday ordered seven savings banks including major player Tomato Savings Bank to temporarily close as the sector grapples with deteriorating asset quality due to bad construction loans. About 640,000 people have $9.60 billion deposited in the ailing banks, according to local media. [Photo/Agencies]

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