Search results for credit loss costs
Finance
Four major financial groups\' net profit tops 11 trillion won, competition shifts from banks to capital markets
South Korea’s four major financial holding groups posted combined first-half net profit of 11.34 trillion won, up 9.8 percent from a year earlier, helped by steady interest income and rising fee income from capital-market businesses such as securities, wealth management and investment banking. As non-bank earnings contributions expanded, the competitive focus among groups increasingly shifted to capital markets. In banking, Shinhan Bank led in net profit, while Woori Bank was the only one to decline.
Finance
Woori Investment Securities Q2 net profit 11 billion won, down 21 percent from Q1
Woori Investment Securities posted a second-quarter net profit of 11 billion won, down 21.4 percent from the previous quarter, as expanded credit loss costs outweighed gains in interest and non-interest income. Net operating revenue rose 8.6 percent to 76 billion won, while credit loss costs jumped 88.9 percent to 17 billion won. First-half net profit climbed 47.1 percent year on year to 25 billion won, and retail customers increased to 781,000.
Finance
BNK Financial Q1 net profit rises 26.9% to 211.4 billion won
BNK Financial Group posted improved first-quarter results, helped by higher net interest income and lower loan loss costs. Consolidated net profit rose 26.9% from a year earlier to 211.4 billion won. Bank earnings increased, led by Busan Bank, while Kyongnam Bank declined. Non-bank profit rose on improved results at units including capital, investment securities and asset management. Asset quality indicators worsened as the delinquency ratio rose. The board approved a quarterly cash dividend and a share buyback and cancellation plan.
