Search results for iM Financial Holding
Finance
iM Financial nine-month net profit 416.3 billion won down 3.6 percent on year
iM Financial Group posted nine-month net profit attributable to controlling shareholders of 416.3 billion won, down 3.6 percent from a year earlier, it said on Oct. 27. Interest income rose 5.6 percent as loan assets expanded, but cumulative net profit and operating profit declined. Third-quarter operating profit increased 4.9 percent. iM Bank’s asset quality indicators improved, iM Capital’s nine-month net profit rose 20 percent, and the group’s CET1 ratio climbed to a record 12.39 percent.
Finance
Regional financial groups slip in H1 results as BNK-JB merger talks collapse
Three region-based South Korean financial holding firms posted weaker combined first-half results as declines at BNK Financial Group and iM Financial Holding outweighed gains at JB Financial Group. Their combined controlling-stake net profit fell 5.4 percent to 1.0931 trillion won. The gap versus the four major financial groups widened as their combined profit rose to 11.3392 trillion won. BNK and JB also rejected reviewing a merger proposed by Align Partners.
Finance
iM Financial first-half net profit 295.6 billion won down 4.4 percent
iM Financial Group posted 295.6 billion won in net profit attributable to controlling shareholders in the first half of this year, down 4.4 percent from a year earlier. Total operating profit rose 4.4 percent to 1.11 trillion won, supported by growth in corporate lending at iM Bank and operating assets at iM Capital. Net profit fell due to a change in the education tax rate and higher provisioning.