net interest margin Archives

S. Korean Banks’ Profit Soars 60.4 Pct in 2014

SEOUL, Feb. 6 (Korea Bizwire) – South Korean lenders saw their combined net profit soar 60.4 percent last year from a year earlier as they set aside less reserves against bad loans, the financial watchdog said Friday. The combined net income of 18 local banks stood at 6.2 trillion won (US$5.7 billion) in 2014, up [...]

IBK Records 326.9 Billion Won of Net Profit during 1Q

SEOUL, May 9 (Korea Bizwire) – The Industrial Bank of Korea (IBK) announced that it recorded 326.9 billion won of consolidated net profit including IBK Capital and IBK Securities during the first quarter. The result was a 27.0-percent rise from the same period of the previous year (257.5 billion won) and up 93.7 percent from [...]