It was a [financial newspapers around the lower cervical Korea News] Shinhan Card, KB Kookmin Card, a card, our card first quarter earnings announcement of the Shinhan card and one card is more than 100% compared to the first quarter last year, earnings growth. We also showed the first quarter of banking cards 3 card companies hosiljeok all benefits except the KB Kookmin Card to a 3% increase.
According to the 22nd financial industry, one card is increased by 900% than the first quarter of this year recorded a net profit of 50 billion won, a year earlier. Shinhan Card has been followed by increased 170% year-on-year to 401.8 billion won. Our cards increased by 2.8% than the 28.5 billion won to 29.3 billion won last year's first quarter. In contrast KB Kookmin Card has been reduced by 12.5% than the first quarter of 2016 to the first quarter of 83.3 billion won.
One card is then analyzed to reflect the base effects and integration costs with revenue growth, strong membership, foreign exchange card according to the payment increases.
One card payment card the first quarter of this year has increased by 14.16% than the first quarter of 50 billion won to 40 billion won 14000000002016 years 16. Accordingly, fee income has increased thresholds nature. One card 1Q11 fee income has increased by 14.5% compared to 145.7 billion won to 166.9 billion won last year's first quarter. Card loans also increased by 13.1% over last year to 75.7 billion won.
Since last year powered one is analyzed that also led to the towing member's interest marketing strategy. One card has introduced a series of one member's 1Q credit card from last year. One card 1Q card series has surpassed 200 manjwa in just 14 months available.
Shinhan Card has increased profits by law internal rating applies.
Internal ratings applied this year, the law contains the information that can be stacked differently provision to the customer's credit rating. Existing customers include loans gotta apply the same loss, regardless of the credit rating high credit customers also built the same provisions as jeosinyongja. While keeping the differential allowance rate to your credit rating, Shinhan Card has a 260 billion won (after-tax) provision has been recognized as income.
We were valid membership card is also growing with 2.8% profit growth.
Our cards have increased this year, more than 300,000 people recorded a valid membership 6.3 million people last year, the first quarter of 6 million people. Our cards are focused on changing the effective increase in the number of members using one month once a valid membership criteria since last year. In terms it jyeotdaneun closer to achieving this year's target of 6.5 million people is encouraging the effective members.
KB Kookmin Card will benefit from one year neulrimyeonseo the marketing costs for such securing members from last quarter hit setback. However, it increased than last year fourth quarter. Last year, KB Kookmin Card fourth quarter net income increased 4 was 1.9% compared to the first quarter of this year, half of last year to 81.7 billion won.
1Q11 Earnings banking card companies got an additional fee cut chances and showed a strong looks do nokrokchi this year. Currently leading presidential candidates ahead of the presidential election more than one month has put forward a card-fee reduction commitments.
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