Naohmyeonseo in the financial newspapers around the lower cervical Korea News] modern savings bank M & A market again, this time becoming interested in whether the sale is close together. KB Financial was selected last August EY Han Young Accounting Firm underwriter to sell and promote the sale was modern Savings Bank. At the time of the preliminary Japanese products from online retailers to bid, but Rush & Cash, a Chinese private equity fund Pacific Alliance Group (PAG) to participate in the preliminary bidding last year are preliminary bidders are sold without participation was suspended until the end.
At the time, the products known to embellish the highest price. Immediately stop the sale of the industry was to reduce the dominance of modern savings bank petite sets out observations about the sale in the second half. Contrary to expectations KB Financial Group today announced the re-promote the sale of the last two days to sell out the announcement by the sale organizers Han accounting firm EY public competitive bidding. The primary argument Letter of Intent is subject to the receipt of the end of March. Modern and savings banks over the past three years is not bad. Thus drawing attention to the intrinsic factor Saga modern Savings Bank yirwojilji high prices.
◇ households, micro-credit and small loans increased traction PF profit
According to the savings bank industry is 49 billion won last year, Hyundai Savings Bank interim operating profit, and net income of 37 billion won. Based on fiscal year 2014 (July 2015 2014-6 years) at the time of operating profit to 35.1 billion won, operating profit and net profit, compared with 35.3 billion won has risen about 39%, and net profit was slightly increased. Revised the savings bank financial year end date mutual savings banking supervision enforcement regulations as of the financial year end date from the fiscal year that starts with was the end date is 1 July 2015-7 the year April to next year from June to June 30 one December 31, was changed. According to modern savings bank audit report, July 1, 2015 to December 31st, 2015, a net profit of 56.5 billion won, operating profit of 24.8 billion won.
Last year, Hyundai savings bank net income declined while deferred tax is generated about 300 billion. Excluding the deferred tax is also rising net income.
Modern Savings Bank Savings Bank is a British telegraph Hyundai Securities acquired in 2011. At the time modern Savings Bank was the only obstacle Hyundai Securities increase the NPL ratio. Now Hyundai Securities, then the additional funding had accentuated the labor conflict is going to occur, the prosecution accused situation going on. It was launched immediately after the pains suffered by non-performing loans and the like. Modern Savings Bank in 2012 to evaluate and loss on disposal of loans is 52.2 billion won from 262 billion won, 54.9 billion won has been growing in. Modern Savings Bank NPL write-offs were successful turnaround in fiscal year 2014, while mothada been running in the red.
(July 2013 - June 2014) launched in 2011 after FY2013 net profit is -95 one hundred million won recorded a net income of FY2014 (July 2014 - June 2015) and 35.3 billion won based on a successful turnaround from did. Since modern Savings Bank has seen the rise. Last year's third quarter, based on modern savings bank assets 1.541 trillion won, the total credit 1.3688 trillion won, receiving a total of 1.282 trillion won. By asset size is a top 10 level of savings banks.
Modern Savings Bank were the main factors can drive the profit has increased to a constitutional improve household loans. June 2012, the end of (July 2011 - June 2012), Contemporary savings bank household loans are in 23.9% of the total loans to 135 billion won, is 86.22% Corporate loans immediately after the modern Savings Bank acquired companies than household loans It was placed a large emphasis on loans.
The end of June 2013 was 217.3 billion won (27.4%), corporate loans corporate financing loans to 545.5 billion won (68.9%) and household loans has decreased slightly increased. The end of June 2014, household loans grew 33.88 percent to 261.8 billion won from the entire corporate loans accounted for 59.59% of total loans to 460.5 billion won, corporate loans, while household loans gradually reduced gradually increased. The end of June 2015, household loans accounted for 37.57%, corporate loans increased by 384.9 billion won to 584.4 billion won to 57.04% in the proportion of household loans continued. Loan funds and corporate savings bank loans current modern household financing was announced at a similar level.
An increase micro-credit loans also benefit the cause of traction. Micro-credit loans also increased by the end of June 2012, 37.3 billion won as of June 2011 more than doubled compared to 7.4 billion won. June 2013, micro-credit loans has pumped 43.3 billion won, the end of June 2015 increased to 53.9 billion won. And also received high lending rates increased revenue.
According to the Korea Federation of Savings Banks into interest rate by December 2015, household credit standards on loans Savings Bank, Savings Bank of the modern average interest rate was 29.69% in the average interest rate level is high. 8 party credit rating weighted average interest rate after the second savings bank were to gather to 33.48%.
Savings bank industry insiders are "Modern Savings Bank was forced to get a high interest rate loan in order to benefit from the non-performing loans," he said.
May 2 this year, the overall average interest rate is based on modern savings bank average lending rate was lowered by 26.41% than at the time. As a result, interest income has also increased. Interest income is 101.5 billion won FY2012, FY2013 1256 billion won, FY2014 was a record 124.3 billion won last year's third quarter (January-March 2016, '91) based on the cumulative interest income is 124.5 billion won. Small business loans are proceeding in the area mainly villas for safe assets in PF loans do not ask. The rating corporate loans and household loans are aligning the balance dwaetdaneun a stable portfolio. Savings bank industry insiders are "Modern Savings Bank is in the process of lending to small businesses and small villas PF center," he said.
Currently contemporary Savings Bank operates a credit loans, mortgage loans, specialized lending products. Credit products at an annual 5.9 ~ 27.9% Interest income proof as possible professions and workers to "come out Ron, apartments owned by the workers targeted annual 5.9% ~ 27.9% of the 'apartments Ron, policies, gender populace financial junggeumri products sait stones 2 and operating loans (annual interest rate of 8.7 ~ 19.6%).
Modern Stark loans, real estate mortgage loans, which include social housing up to 140% of the rent deposit the rent security deposit as collateral, which (maximum 5 million) loan to the 'The Dream Gold loans (leasing loans) Stark Ron proportion is very small It is known. Medical providers only loans 'medical theory', and 'any private business private lending receiving the mainstream support in mainstream wholesaler' The Dream beads Ron inventory of loans '' to set the garden, clothing, miscellaneous goods as collateral, the is.
Recently launched a mobile app loans are available 24 hours a day. Like the existing mobile home, limit inquiries and loan applications, as well as contract creation, you can use the authentication, certificate issuance and various lookup service. Recently upgraded the credit rating system (CSS), and is trying to secure loyal customers and reduce busilyul. P2P companies promoting the pop funding and collaboration, but born without the approval of the financial authorities did not close as P2P guidelines announced. This year, sales are expected to be achieved in a similar direction and management last year. However, the financial authorities after the second time it does nokrokji financial management prevails total household loans. The last 13, 15 days financial authorities held a meeting with 15 representatives savings bank household loans and higher household loans to buy that line.
Savings bank industry official said, "If the financial authorities will continue to press hard to increase household loans difficult to tow the profit earned by additional provisioning burden."
◇ products re interested in whether war
This year the sale spectator point is whether the re-engagement with the modern Savings Bank maegakga products. Rakuten is a Japanese company that mainly internet shopping. Core business also has a keen interest in progress and the financial and business expansion, distribution and finance business card. Currently Korea to strengthen collaboration and online shopping was a wider range of advanced Korea.
Current reportedly show a doctor involved in the acquisition 2-3 places on modern savings bank. A financial official said, "I know that showing an interest in modern savings bank acquisitions in superior underwriter 2-3 places," he said. Last year, the first products were sold at the time of the request, KB Financial Group, dont smoke modern Savings Bank sold showed a strong commitment to contemporary Savings Bank acquired early next year. If the products sold last year, the highest commitment again this year as the modern war savings banks possible acquisition of products is high. Excluding products acquired at the time the participants are unlikely to re-fought fact. Hong Kong-based private equity fund Pacific Alliance is provisional pending at the time was a modern savings bank acquisitions, Rush & Cash is the industry is difficult to gauge, but determined to continue to participate in the arguments relied on financial institutions insujeon.
Afro Financial Group must reduce the rush and cache assets within 40% to OK Savings Bank acquired conditions. Accordingly rush and cache is a situation in which no new sales.
In a rush situation and the cache does not substantially participate in various financial companies operating insujeon is the point of view of food studies dimensional sought. Afro Financial is actively participating in overseas markets such as receiving the approval last June called Bank Indonesia abroad know the argument. Holding hands and Jeonbuk Bank has also acquired commercial bank in Cambodia. Afro-service groups reportedly involved in the Best Investment insujeon. But the sale is important to go. Now known as modern Savings Bank sold 250 billion won thin line. Modern Savings Bank based on last year's third quarter, capital is 222.6 billion won. Time is also a factor advantages that scale is difficult in the industry as large.
One savings bank industry insiders said, "would turn the argument on modern savings bank insuga the price without reducing the size in the high status unknown". Even if the modern products Savings Bank is also observed that the argument is a sacrament can not recall whether approval of the financial authorities.
Foreign savings banks in the current country's J Trust Group affiliation JT Dear savings banks, JT savings banks and the recent Taiwan's financial affiliates oil hits Financial Group acquired the former Hanshin savings banks, oil hits savings banks, private equity funds, one shareholder OSB there is such savings bank, SBI group SBI savings bank.
If the financial authorities have approved this difficult time seeing at the time, because this situation reflects pas aspects dwaetdaneun priority to rectify this situation Savings Bank. Currently, there are no surprises, such as savings banks, the situation there is stable, and sustainable management of this difficult financial authorities to approve foreign capital observed. J Trust Group was held but push the DH Savings Bank acquired additional monetary authorities are not born approval.
A financial official said, "The recent financial authorities do not recognize foreign allow further arguments to the stronger argument can be difficult modern Savings Bank sacraments," he said.
Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com
