Wed, Feb 28, 2007 - Page 12 News List

Cathay Financial to treble profits

CALMER SEAS The company has adopted a strategy that will lower the need to set reserves aside to cover for restructured loans and help it rebound from last year's dip

By Amber Chung  /  STAFF REPORTER

Cathay Financial, which already has a foothold in Vietnam's banking sector, will apply for licenses to run insurance businesses there this year, Lee said.

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