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Finance

KakaoBank first-half net profit rises 24.4 percent to 328.0 billion won

KakaoBank posted a first-half net profit of 328.0 billion won, its best half-year result, up 24.4 percent from a year earlier. First-half operating revenue rose 5.5 percent to 1.65 trillion won, while operating profit slipped 0.5 percent to 351.6 billion won. Second-quarter operating revenue increased 6.5 percent, with operating profit up 14 percent and net profit up 11.5 percent.

Finance

Kbank first-half net profit falls; SOHO loans double in a year

Kbank\'s net profit for the first half of this year fell 28.7 percent from a year earlier to 60.1 billion won. Excluding gains from loan receivables sales reflected in last year\'s results, net profit rose 77.3 percent to 33.1 billion won. Second-quarter net profit fell 60.6 percent as non-interest income declined. SOHO lending more than doubled year on year, supporting interest income and improving net interest margin.

Finance

K Bank first-half net profit 60.1 billion won, down 28.7 percent

K Bank said on Wednesday it posted net profit of 60.1 billion won in the first half of this year, down 28.7 percent from a year earlier. Second-quarter net profit fell 60.6 percent from a year earlier and 19.1 percent from the previous quarter. The decline reflected a base effect from last year’s gain on sales of loan receivables, the bank said.