Arab Today, arab today credit finance firms net jumps 376 in 2013 in seoul
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Arab Today, arab today
Arab Today, arab today

Credit finance firms net jumps 37.6% in 2013 in Seoul

Arab Today, arab today

Arab Today, arab today Credit finance firms net jumps 37.6% in 2013 in Seoul

Seoul - Yonhap

South Korea's credit finance firms saw their net profits jump 37.6 percent last year from a year earlier thanks to a drop in loan loss reserves and lower loan interest rates, the financial regulator said Wednesday. The combined net income of 60 credit finance companies reached 1.08 trillion won (US$1.01 billion) in the January-December period, up 37.6 percent from 790.7 billion won tallied in the previous year, according to the Financial Supervisory Service (FSS).

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