Arab Today, arab today korean bank holding firms first half net more than doubles
Last Updated : GMT 11:24:12
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Korean bank holding firms' first half net more than doubles

Arab Today, arab today

Arab Today, arab today Korean bank holding firms' first half net more than doubles

South Korea's central bank
Seoul - Yonhap

Earnings by South Korea's bank holding companies more than doubled in the first half of the year from a year earlier, largely due to a fall in loan-loss reserves and gains from asset sales and securities holdings, the financial watchdog said Monday.
The combined net profit of 11 local bank holding firms on a consolidated basis stood at 4.95 trillion won (US$4.75 billion) in the January-June period, up 2.59 trillion won from the previous year, according to the Financial Supervisory Service (FSS).

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