Arab Today, arab today banking groups\ h1 net plunges 623
Last Updated : GMT 17:06:57
Arab Today, arab today
Arab Today, arab today

Banking groups\' H1 net plunges 62.3%

Arab Today, arab today

Arab Today, arab today Banking groups\' H1 net plunges 62.3%

Seoul - Yonhap

Combined earnings logged by banking groups in South Korea tumbled 62.3 percent in the first half from a year earlier on squeezed profit margins and increased bad expenses, the financial watchdog said Monday. A total of 10 bank-focused financial services companies posted a combined 2.3 trillion won (US$2.14 billion) in net profit in the January-June period, compared with 6.13 trillion won a year earlier, according to the Financial Supervisory Service (FSS). The banking groups held a combined 279 affiliates, including 51 banking units, as of end-June, the FSS added. Local banks are suffering from weak earnings as their net interest margin, a gauge of profitability, has been on the decline amid the central bank\'s accommodative policy stance. They also had to put aside higher loan-loss reserves amid the economic slowdown and a series of corporate overhauls. On a consolidated basis, the total assets by the banking groups amounted to 1,915.3 trillion won as of end-June, up 3.9 percent from the end of last year. Woori Finance held the largest assets with 336.7 trillion won, followed by Shinhan Financial Group with 319.3 trillion won and Hana Financial Group with 302.5 trillion won, it added. The banking groups\' bad debt ratio reached 1.95 percent as of end-June, up from 1.5 percent tallied at the end of last year, the FSS said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today banking groups\ h1 net plunges 623 Arab Today, arab today banking groups\ h1 net plunges 623

 



Arab Today, arab today
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Russia, Iran ink economic deals

GMT 08:03 2017 Wednesday ,29 March

Russia, Iran ink economic deals
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 11:55 2017 Wednesday ,29 March

Need ‘gymspiration?’ The top fun fitness bloggers

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 05:17 2017 Wednesday ,29 March

Samsung to sell refurbished Galaxy Note 7s

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday