Cross-border Bank Consolidation after the 1997 Asian Financial Crisis (1997-2005)

1. Asian financial crisis triggers regional bank rescues

   Jul 1, 1997Labels: East Asia, Government rescues

   • Britannica
   • IMF History

2. Indonesia creates IBRA to restructure failed banks

   Jan 26, 1998Labels: IBRA, Indonesia

   • IMF LOI
   • World Bank

3. Thailand sells Nakornthon Bank to Standard Chartered

   Jan 1, 1999Labels: Nakornthon Bank, Standard Chartered

   • SC Thailand
   • BoT FIDF

4. Indonesia shuts many weak banks under restructuring plan

   Mar 13, 1999Labels: Indonesia, Bank closures

   • IMF LOI

5. Newbridge agrees to take control of Korea First Bank

   Jul 2, 1999Labels: Korea First, Newbridge Capital

   • Chosun
   • Inst Investor

6. Bank Bali scandal erupts amid Indonesian restructuring

   Jul 20, 1999Labels: Bank Bali, Indonesia scandal

   • Baligate

7. DBS announces acquisition of Dao Heng Bank

   Apr 11, 2001Labels: DBS, Dao Heng

   • UPI
   • DBS Report

8. Dao Heng is delisted after DBS privatization

   Sep 4, 2001Labels: Dao Heng, DBS privatization

   • Dao Heng

9. Indonesia approves merger creating Bank Permata

   Sep 30, 2002Labels: Bank Permata, IBRA

   • Permata
   • Baligate

10. UOB expands in Thailand via Bank of Asia purchase

    May 13, 2004Labels: UOB, Bank of

    • Business Recorder

11. Standard Chartered agrees to buy Korea First Bank

    Jan 10, 2005Labels: Standard Chartered, Korea First

    • AmBanker
    • The Banker

12. Standard Chartered completes acquisition of Korea First Bank

    Apr 15, 2005Labels: Standard Chartered, Korea integration

    • Cleary
    • Investegate