| Mobile Web

Search results for NPL

Finance

KB Financial Q1 net profit 1.8924 trillion won, up 11.5 percent on year

KB Financial Group said first-quarter net profit rose 11.5 percent from a year earlier to 1.8924 trillion won, helped by higher fee income at its bank, securities and asset management units despite increased market volatility. Non-bank units raised their contribution to fee income and net profit. Key capital and soundness metrics stayed stable, with a CET1 ratio of 13.63 percent and a BIS ratio of 15.75 percent as of end-March.

Finance

Welcome Savings Bank launches co-CEO system with Park Jong-sung and Son Dae-hee, two-track AI shift and IB strengthening

Welcome Savings Bank introduced a co-CEO system as it pursues an AI-driven shift in retail finance while strengthening corporate and investment banking. The bank said on March 31 its board appointed Welcome Savings Bank Vice President Park Jong-sung and Welcome F&D CEO Son Dae-hee as new co-chief executives. Park will oversee corporate and investment finance, while Son will lead strategy, support and retail finance, including an AI-based financial transformation.

Finance

Korea\'s three internet-only banks extend CEO terms, face test of growth limits

The heads of South Korea’s three internet-only banks are set to win new terms, with K Bank and Toss Bank naming sole CEO candidates and KakaoBank already reappointing its chief for a fifth term. The banks cite achievements including an IPO, profitability gains and platform expansion. They now face a tougher environment as regulators push higher lending to mid- to low-credit borrowers and as delinquency metrics run about double those of the four major banks.