Citibank last year, net profit 212.1 billion won ... 6% yy

[Korea Selected financial newspaper reporters - Citibank Korea said that they 30 days to 212.1 billion won, down 6.0% over the previous year net profit last year.

Last year, interest income, net interest margin increased 0.07 percentage points higher than the previous year, but by reducing the mortgage interest-bearing assets decreased by 6.6%, and showed a decrease of 4.0% 1.0681 trillion won a year earlier.

Non-interest income recorded a 55 billion won, down 14.0 percent from a year earlier.

Selling and administrative expenses 783 billion won, allowance for doubtful accounts and other provisions decreased by 5.7% over the previous year showed a 33.6 billion won, up 78.3 billion won a year earlier.

NPL ratio was 0.15% point improvement compared to the end of the previous year by 0.6%. Provision ratio exhibited a 10.9 percent improved 135.6% at the end of the previous year.

Total deposits came in at 6.7%, down 25.8 trillion won a year earlier. LTD ratio was 87.5%.

Late last year, based on the Bank for International Settlements (BIS) capital adequacy ratio is 18.37%, common equity ratio came in at 17.85%.

Bakjinhoe CEO, said "2017 will include both the Internet / mobile banking and non-face-to-face services focus on strengthening channels.

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