The Financial Supervisory Service reported a 28.7% increase in the net profit of domestic banks in Q1, reaching 6.9 trillion won. This is largely due to the absence of one-time costs like last year’s compensation for Hong Kong H-share linked Equity-Linked Securities. Despite a slight decrease in interest income, non-interest income rose by 100 billion won to 2 trillion won, influenced by a 1.5 trillion won increase in profits related to marketable securities as market interest rates fell.
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Auto-posted at: 2025-05-23 09:04:36