Search results for NH NongHyup Capital
Finance
NH NongHyup Financial first-half net profit rises 9.2 percent to 1.78 trillion won
NH NongHyup Financial Group posted a record first-half net profit of 1.78 trillion won, up 9.2 percent from a year earlier, supported by growth in both interest and non-interest income. Operating profit rose 14.0 percent to 3.2 trillion won. NH Investment & Securities more than doubled profit, while bank and insurance units saw declines. Credit loss provisions and selling and administrative expenses increased.
Finance
KakaoPay joins NH NongHyup Bank alternative credit scoring model development
KakaoPay will join a NH NongHyup Bank-led consortium to develop an alternative credit scoring model using MyData and payment and remittance information. The companies signed a multilateral memorandum of understanding on July 15 at NH NongHyup Bank\'s new building in Seoul, KakaoPay said on Wednesday. Participants will combine non-financial data, credit scoring modelling capabilities and AI technology to build a joint model for use in financial products.
Finance
NH NongHyup Financial to launch 100 billion won co-growth fund 2 to expand investment in regional materials, parts, equipment and vendors
NH NongHyup Financial Group will create a 100 billion won fund to invest in regional specialised industries and supply-chain companies. The blind fund, tentatively named NH Korea Co-Growth Fund 2, will be managed by NH-Amundi Asset Management. It will be financed with internal group funds contributed by major affiliates including NH NongHyup Bank, NH NongHyup Life Insurance, NH NongHyup Property & Casualty Insurance, NH Investment & Securities and NH NongHyup Capital.
