Search results for net capital ratio
Finance
Brokerages\' Q2 net profit tops 5.2 trillion won, up 82 percent on stock market boom
South Korean brokerages posted more than 5 trillion won in net profit in the second quarter, helped by a strong stock market and higher trading value. Net profit at 61 brokerages rose 20.0 percent from the previous quarter to 5.19 trillion won, up 82.1 percent from a year earlier. Commission income increased 32.5 percent, led by brokerage fees. Wealth management, investment banking and proprietary trading earnings also improved.
Finance
Mutual finance faces PF curbs, calls to ease non-capital household loan rules
Mutual finance groups in South Korea are facing tighter rules on real estate project financing and broader asset-soundness requirements, forcing them to curb property-related lending and bolster capital. The financial authorities want the sector to strengthen its role in local and low-income finance, but the industry says stable earnings are needed to sustain such lending. It is calling for adjustments to household-loan regulations, particularly outside the capital region, to reflect differing regional conditions.
Finance
NH Investment Securities to raise 400 billion won from Nonghyup Financial to strengthen IMA business
NH Investment Securities will launch a 400 billion won paid-in capital increase allocated to its largest shareholder, NH Nonghyup Financial Group. The move aims to strengthen capital to expand its comprehensive investment account (IMA) business, corporate finance linked to it and venture-capital investments. The firm said its net capital ratio was 159.3 percent in the first quarter. Part of the funds will also be used to expand retail credit provision limits.
