Arab Today, arab today credit card firms\ net falls 186in h1
Last Updated : GMT 21:50:13
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Arab Today, arab today

Credit card firms\' net falls 18.6 % in H1

Arab Today, arab today

Arab Today, arab today Credit card firms\' net falls 18.6 % in H1

Seoul - Yonhap

South Korean credit card companies saw their earnings drop 18.6 percent in the first half of the year from a year earlier due mainly to increased costs to cover loan losses, the financial regulator said Sunday. The combined net profit of six credit card companies came to 701.6 billion won (US$647.9 million) in the January-June period, compared with 861.7 billion won a year earlier, the Financial Supervisory Service (FSS) said in a statement.

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