[Korea Selected financial newspaper reporters] to start the banks first quarter (January-March) earnings this week as gather interested in pursuing tight competition between KB Financial Group and Shinhan Financial Group, which kept profits up 9 years: 1.
According to the financial services industry 18, Woori Bank (19) to start · KB Financial Group, Shinhan Financial Group (20th), is expected to announce the HFG (21), etc. in order 1Q this year.
Shinhan Financial and KB Financial is placed in a report the same day. The first quarter is expected to water the SFG is still No. 1. The securities information company FN Guide, according to the average estimate compiled brokerage, showed Shinhan Financial Group and KB Financial Group net income difference is more than 800 billion won.
SFG is a last one to four quarter, each 7877 eokwon earlier, 7004 billion and 7224 billion in 6144 eokwon KB financial 1Q (5542 million), 2Q (5594 million), the third quarter (5774 million), 4Q ( atda exceed the 463.1 billion won).
However, a high observation KB Insurance, KB Capital net income increased effects of the two non-bank affiliates of KB Financial formulated a 100% subsidiary to be earnest expectation By the next year.
KB Financial Group has resolved to KB KB Insurance and Capital fully owned subsidiary switch pushing through the last 14 days the Board of Directors. KB Yun Jonggyu a non-bank affiliate earnings base and strengthen followed by Insurance, a wholly owned subsidiary capital Tuesday to the National Bank Financial Group president and took office after the brokerage mergers and acquisitions (M & A).
Kim Eugene Investment & Securities analyst Given such saying 'KB Insurance, KB Capital 100% net income increase will cause the effect according to the subsidiaries incorporated' reduce future financing costs, synergies profit growth effects of the subsidiaries incorporated are expected to be further expanded as it predicted.
Baekdu Korea Investment & Securities analyst also said, 'recurring return on equity (ROE) of KB Financial to expand this share is to rise to 8% from 7% in early.
On the other hand, the overall first-quarter earnings outlook of the banking sector is not a bad situation. The net interest margin increased core earnings, etc. (NIM) improved according to the US rate hike were the main background.
Han Jeongtae a financial investment analyst, but decreased YoY seafood because of one-off gains in the year 1Q11 NIM has many aspects that are raised or defend a daesonyul also no significant changes fruitful results, it was flat.
Gimjaewoo Samsung Securities analyst has analyzed that "one quarter of the banking sector but some of the burden caused by Daewoo Shipbuilding and related impacts, stable growth and some positive one-off items of core earnings are expected to be offset by a significant portion.
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
