| Mobile Web

Regional financial groups slip in H1 results as BNK-JB merger talks collapse

Three region-based South Korean financial holding firms posted weaker combined first-half results as declines at BNK Financial Group and iM Financial Holding outweighed gains at JB Financial Group. Their combined controlling-stake net profit fell 5.4 percent to 1.0931 trillion won. The gap versus the four major financial groups widened as their combined profit rose to 11.3392 trillion won. BNK and JB also rejected reviewing a merger proposed by Align Partners.