Finance
Savings banks post 765.8 billion won net profit in first half, delinquency rate improves
South Korea\'s savings banks posted a cumulative net profit of 765.8 billion won in the first half of this year, extending profitability to a second straight quarter. Asset quality indicators improved as both the delinquency rate and the ratio of substandard loans fell from the previous quarter. Total assets rose to 120.6 trillion won at end-June, while deposits increased to 100.4 trillion won. The industry group forecast continued profitability in the second half.
