Last year, net profit - financial newspaper sinyuncheol Korea News] Korean branches of foreign banks have been reduced by more than 30%. Financial Supervisory Service announced 14 days, according to local branches of foreign banks operating performance during 2016 of 37 bank branches last year and net profit was 31.8% decrease compared to the previous year (357.4 billion won) to 764.9 billion won.
Foreign bank branches have put the past to 1.0148 trillion won in 2014 after entering the 1 trillion in three years to a record 1.1302 trillion won in 2015 for the second consecutive year earnings 1 trillion.
However, the decrease in interest income is blamed for this earnings. Last year, interest income decreased 1 trillion of foreign bank branches is 393.3 billion won (26.2%) from the previous year to 108.2 billion won.
This sector is the biggest loss bonjijeom trade transactions between domestic and foreign branch office. The 86.8 billion won profit a year. But as I was last year, 480.4 billion won switching losses. Jimyeonseo to changes in interest rate policy of the country and the headquarters of the increased uncertainty in global financial market conditions, internal rate of foreign bank branches because it was a disadvantage and that profit greatly reduces the FSS said.
Securities sector profit was 315.2 billion won loss record. In foreign exchange, derivatives sector has increased 45.9% over the previous year reap a profit of 739.1 billion won (232.5 billion won). On the other hand, the rise in the spot exchange rate caused a loss of 399.8 billion won, filed a profit of 1.1389 trillion won in derivatives including futures.
Foreign branches last year, total assets were 6.5 trillion won, down 264.3 trillion won debt 247.9 trillion won the previous year, capital was 16.4 trillion.
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