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Fri, Dec 10, 1999 - Page 18 News List

Harsh words for slacking banks

CORRESPONDENCE The Ministry of Finance this week sent letters of warning to more than 20 banks that have failed to shape up their overdue loan ratios, but the move lacked teeth as no punishment was mentioned for failing to comply

By Stanley Chou  /  STAFF REPORTER

Not surprisingly, the stock prices of these two banks are also the lowest among the 16 banks. Pan Asia Bank closed yesterday at NT$4.68 per share, and Baodao Commercial Bank closed at NT$4.90, with both stocks discounted more than 50 percent below their issue price of NT$10.

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