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2 clusters · 10 sources · 2 days · First seen · Last updated

South Korean financial group performance reports

Overview

Major South Korean financial institutions reported their third-quarter cumulative results with varying outcomes.

Shinhan Financial Group announced a cumulative net profit exceeding 5 trillion won for the first three quarters, a 12.7% increase year-on-year. While driven by interest income and securities performance, the group experienced a 12.9% quarterly decline in the third quarter due to falling non-interest income. In response, the board approved a 450 billion won share buyback and a quarterly dividend.

iM Financial Group reported a cumulative net profit of 416.3 billion won, representing a 3.6% decrease compared to the previous year. Despite the profit dip, the group saw a 7.6% increase in loan assets and achieved record capital adequacy, with its Common Equity Tier 1 ratio rising to 12.39%. The group also reported improved asset quality and plans to cancel shares following a recent 30 billion won treasury stock buyback.

Entities

Cheon Byeong-gyu · iM Bank · iM Financial Group · Hana Bank · iM Capital

Timeline

  1. [BUSINESS] 4 sources
    iM Financial Group reports record capital adequacy in Q3

    iM Financial Group reported a Q3 cumulative net profit of 416.3 billion won. Despite a slight profit dip, the group achieved record capital adequacy and significant growth in corporate lending.

  2. [BUSINESS] 7 sources
    Shinhan Financial Group reports record cumulative net profit of 5 trillion won

    Shinhan Financial Group's cumulative net profit surpassed 5 trillion won in Q3, up 12.7% year-on-year, despite a quarterly dip caused by falling non-interest income.

Sources

biz.heraldcorp.com · byline.network · hani.co.kr · hidomin.com · idaegu.com · joseilbo.com · newstomato.com · sateconomy.co.kr · tfmedia.co.kr · zdnet.co.kr