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Search results for NongHyup Financial Group

Finance

Four major financial groups\' Q1 results split as AI, digital finance spread

South Korea\'s financial sector has entered the first-quarter earnings season, with non-interest income and non-bank units driving diverging results among major financial holding companies. KB Financial Group, Shinhan Financial Group and Hana Financial Group posted record results, while Woori Financial Group recorded a decline. Strong stock markets lifted securities firms\' earnings, and new savings and investment products were launched. The industry is also accelerating a shift toward AI and digital finance, alongside calls for stronger controls and risk management.

Finance

NH Investment & Securities decides to shift to co-CEO structure

NH Investment & Securities said on Thursday it decided at an extraordinary board meeting to shift to a co-CEO management structure. The company plans to run key business divisions under a specialized, accountable management system. It expects the change to improve execution and speed up decision-making, while linking growth in client assets with investment banking capabilities to bolster its medium- to long-term growth base. The board also plans to put in place safeguards in stages.

Finance

NH NongHyup Financial Q1 net profit up 21.7 percent to 868.8 billion won

NH NongHyup Financial Group said on Thursday its first-quarter net profit rose 21.7 percent from a year earlier to 868.8 billion won. By affiliate, NH NongHyup Bank posted 557.7 billion won, NH Investment & Securities 475.7 billion won, and NongHyup Life and General Insurance 67.1 billion won. Net interest income rose 7.3 percent to 2.11 trillion won and non-interest income climbed 51.3 percent to 903.6 billion won.