Friday, March 31, 2017

The Export-Import Bank, last year's net loss of 1.4692 trillion won ... Founded after the first deficit



[Korea Selected financial newspaper reporters] found its first deficit since the Export-Import Bank of Korea was founded.

According to 31, 2016, the Export-Import Bank of the audit report is published on the homepage, the Export-Import Bank recorded a net loss of 1.4692 trillion won last year.

Switching losses in 2015 were 41.1 billion won in profit.

It is the first time since its founding in 1976 the Export-Import Bank recorded a deficit on an annual basis.

The Provision gravity is interpreted as a significant increase in effect in accordance with the shipbuilding industry restructuring. Credit loss provisions jumped threefold from a year ago to 3.2343 trillion won last year.

Last year, the Bank for International Settlements (BIS) capital adequacy ratio of the end of the Export-Import Bank was 10.7%.

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