Korea

BS Financial's H1 net reaches 225.8B won

BS Financial Group Inc., the holding company of regional lender Busan Bank, said Monday its net profit came to 225.8 billion won in the first half of the year.    The first-half results reflected earnings from March 15 to June 30, because the holding company, which has Busan Bank and three other affiliates under its wing, started operating on March 15, it said.    Revenue stood at 1.4 trillion won, while operating profit came in at 296.7 billion won, the group said in a regulatory filing.    The group's flagship Busan Bank raked in a net 230.5 billion won on a revenue of 1.3 trillion won in the January-June period.    BS Financial's total assets reached 36.9 trillion won as of the end of June, with non-performing loans accounting for 1.05 percent of its total lending, the group said.    The group is based in Busan, the country's largest port city 453 kilometers southeast of Seoul.

BS Financial's H1 net reaches 225.8B won

BS Financial Group Inc., the holding company of regional lender Busan Bank, said Monday its net profit came to 225.8 billion won in the first half of the year.    The first-half results reflected earnings from March 15 to June 30, because the holding company, which has Busan Bank and three other affiliates under its wing, started operating on March 15, it said.    Revenue stood at 1.4 trillion won, while operating profit came in at 296.7 billion won, the group said in a regulatory filing.    The group's flagship Busan Bank raked in a net 230.5 billion won on a revenue of 1.3 trillion won in the January-June period.    BS Financial's total assets reached 36.9 trillion won as of the end of June, with non-performing loans accounting for 1.05 percent of its total lending, the group said.    The group is based in Busan, the country's largest port city 453 kilometers southeast of Seoul.

Kyungeun Savings Bank suspended for six months

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Shinhan profit surges more than double to $918.3mn

The second quarter net beats forecasts as bad loan provisions fall to less than half year-ago level.

IBK increases second quarter earnings by 20.9 %

Industrial Bank of Korea's second-quarter net profit climbed 20.9 percent from a year earlier.

Woori back to profit to $752mn in second quarter

The company posted a $674.61mn gain from selling 8.3 million shares in Hyundai Engineering & Construction last April.

Shinhan Financial more than doubles second quarter net income

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KB Financial returns to green in a huge turnaround

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Woori Finance returns to profit in 2nd quarter

 Woori Finance returned to profit in the second quarter on a sharp rise in non-interest income.

S. Koreans' Internet banking use inches up in Q2

The use of Internet banking in South Korea rose 0.7 percent in the second quarter from three months earlier.

Korea Eximbank to divest KEB stake

The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.

Spain's Banco Bilbao allowed to open Seoul branch

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Hana Financial second quarter profit up 27.3%

Yet its sales dipped 28.4% as the bank’s net income soared by 141.6% to $457.7mn. 

South Korea wealth fund targets broadening investments options

Korea Investment Corporation seeks to diversify investment options by tapping commodities and private equity markets.

Woori’s privatization hits snag anew

National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.

South Korea top banks tap insurance market

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Korea warns against banks' big dividend payouts

South Korea's Financial Supervisory Services put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their shareholders.

Banks banned from investing in ‘kimchi’ bonds from July 25

The direct impact of the new rules is on the KRW cross currency basis.