Finance
South Korean banks\' Q1 net profit falls 3.9 percent on securities losses
South Korean banks\' net profit in the first quarter slipped 3.9 percent from a year earlier to 6.7 trillion won, hit by a fall in non-interest income as valuation losses on securities widened amid rising market rates. Interest income rose 6.4 percent to 15.8 trillion won on loan growth and a higher net interest margin. Return on assets and return on equity both declined from a year earlier.
