[Korea before lower cervical financial newspaper reporter] showed a 10% decline in net profit last year, eight credit card companies and credit card loans, etc. This card yiyongaek neuleonateum. This marketing costs exceed the fees and interest income and increased loan loss provisions due together.
FSS is 8 days 8 announced '2016 credit card sales, "said Joe 1 year full-time credit card companies net profit decreased by 10% year-on-year to 813.4 billion won it said Tuesday.
According to the Financial Supervisory Service (FSS) in August, card loans interest income was 297.2 billion won, merchant card fees also increased yiyongaek while revenue also increased by 315.6 billion won a year earlier as lower interest rates were cut procurement costs decreased 144.9 billion won.
But the card yiyongaek increasing in proportion to the costs generated Marketing 5194 one hundred million won a year earlier to 281.6 billion won while increasing loan loss reserve provisions have led to the credit card company's net income reduced.
Bereavement card into the net variation In the Shinhan Card and Samsung Card as opposed to 12.5% YoY (-1.7%), KB Kookmin Card (-11.8%), Hyundai Card (-19%), our cards (-21.9%), one card (-99.2%) all fell Lotte card (-34%), BC card (-30.1%). Samsung Card's net profit increase is caused 25.9 billion won last year, dividend income, securities sold 11.2 billion won profit reflects the profit doede.
Late last year, the number of credit cards issued by the end of 2015 as compared to 9564 manmae manmae 9314 increased by 2.7%. Number of issued debit cards showed that 3% yoy to 100 000 848 manmae.
Yiyongaek also increased by 12%. Last year, check your credit card yiyongaek grew 12 percent last year to 746 trillion won (665.9 trillion won). Looking yiyongaek by credit cards is 11.4% over the previous year to 596 trillion won, debit card yiyongaek posted a 14.5% increase 150 trillion won.
While cash advances and card loans increased yiyongaek card companies have increased interest income.
Last year's 97.9 trillion won yiyongaek card loans grew by 3.5% over the previous year 3.3 trillion won. Cash yiyongaek fell slightly 0.3%.
8 credit card companies delinquency rate fell to 0.03% compared to the end of the previous year points to 1.44%. Kadeuchae spreads fell 8bp year-end compared to 36bp 28bp.
The FSS plans to check from time to time, such as the Fed rate hike policy, including strengthening the prudential credit card companies to monitor economic conditions and funding uncertainties and fluctuations kadeuchae spread.
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