Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
4
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
5
Contentious grain bill put directly to plenary meeting for vote
South Korean banks saw their first-quarter earnings jump 71 percent from a year earlier due to one-off gains from state-run Korea Development Bank (KDB), data showed Monday.
The combined net profit stood at 5.5 trillion won ($4.8 billion) for the January-March period, compared with a profit of 3.2 trillion won a year earlier, the Financial Supervisory Service (FSS) said in a statement.
In the first quarter, the KDB reported an unusually high net profit of 1.4 trillion won, thanks to stock investments and dividend income, the FSS said.
Preliminary interest income for the first quarter stood at 10.8 trillion won, up 700 billion won from a year earlier.
The average net interest margin of the banks, a key barometer of profitability, stood at 1.43 percent for the first quarter, up 0.05 percentage point from a year ago. (Yonhap)
The combined net profit stood at 5.5 trillion won ($4.8 billion) for the January-March period, compared with a profit of 3.2 trillion won a year earlier, the Financial Supervisory Service (FSS) said in a statement.
In the first quarter, the KDB reported an unusually high net profit of 1.4 trillion won, thanks to stock investments and dividend income, the FSS said.
Preliminary interest income for the first quarter stood at 10.8 trillion won, up 700 billion won from a year earlier.
The average net interest margin of the banks, a key barometer of profitability, stood at 1.43 percent for the first quarter, up 0.05 percentage point from a year ago. (Yonhap)
![[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/04/18/20240418050645_0.jpg&u=20240419100350)
![[Today’s K-pop] Zico drops snippet of collaboration with Jennie](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/04/18/20240418050702_0.jpg&u=)