Search results for BNK Capital
Finance
BNK Financial strengthens value-up execution framework, refocuses on profitability and capital efficiency
BNK Financial Group has begun implementing its Value-Up 2.0 initiative to connect a corporate value enhancement plan announced in September to management performance. It will review each affiliate’s business portfolio and resource allocation with a focus on profitability and capital efficiency, while building a framework to reflect evaluations by boards and the market in management. The group held a leadership summit and a capital markets roundtable to share plans and gather opinions.
Finance
Mid-rate livelihood stability loans spread among non-bank lenders as commercial banks hold back
South Korea\'s Financial Services Commission\'s mid-rate livelihood stability loan, introduced to support living expenses for mid- and low-credit borrowers, is spreading mainly among non-bank lenders. The product was first launched by six savings banks and has since been rolled out by additional savings banks and capital firms. Major commercial banks have not launched it separately and say plans remain undecided, though they have introduced their own mid-rate and inclusive finance products. Regulators are expanding household-loan volume management incentives for mid-rate lending, which could boost supply.
Finance
BNK Financial first-half net profit down 13.5 percent to 411.8 billion won
BNK Financial Group\'s first-half net profit attributable to controlling shareholders fell 13.5 percent from a year earlier to 411.8 billion won, it said on July 28, citing base effects from last year\'s real estate fund disposal gains and one-off losses this year. Second-quarter net profit slipped 5.2 percent from the previous quarter to 200.4 billion won. Asset quality indicators improved, while the group maintained its common equity tier 1 ratio within its management target range.
