[Financiers Talk] 1 Daewoo Shipbuilding appeared on the branch bank earnings

[Korea Selected financial newspaper reporters] were in the first quarter (January-March) net profit rank of major banks that Woori Bank breakthrough. Our bank is comparatively analyzes were free to build up a reserve in a preemptive restructuring in the aftermath of Daewoo Shipbuilding & Marine Engineering.

According to the last published from 19 days to 21 days, Woori Bank, Shinhan Financial Group · KB Financial Group, Hana Financial Group 1Q11 earnings in 2017 published, KB Kookmin Bank first quarter net profit is highest in 663.5 billion won, followed by Woori Bank 637.5 billion won Shinhan bank appeared to 534.6 billion won, KEB, Hana bank net 478 billion won.

Choi Jeonguk Daishin Securities analyst said, "the first quarter of our bank earnings surprise (surprise performance) restructuring shipbuilding provision reversals (700 million), because the first quarter was Allowance for doubtful accounts is greatly reduced by 79 billion won level in accordance with the goddess collapse '' Daewoo Shipbuilding Marine reserves Accumulation rate seems to still maintain the 60% do not pose a problem, even when recurrent concerns related to the future "he said. Just one quarter of our bank has been the contribution of China hwapu building one-off gains (170.6 billion won) in accordance with the relevant loans sold.

In the case of KEB, Hana Bank ¥ treated great by additional provisions 350.2 billion won earned the 1Q11 negative factors, according to the Korea Maritime restructuring in earnest. Excluding the one-off impact was massive losses emitter could expect to see maximum results since September 2015, a foreign exchange bank consolidation.

In this regard, Hana Financial official said, the first quarter is the uncertainty due to the financial restructuring of the shipbuilding one group to the additional provisioning eliminate a significant portion is expected to have stabilized more quickly the next recurring allowance scale.

It is similar to the first quarter in the case of KB Kookmin Bank emerged over the banking sector net income 1. Treatment was increasing credit loss provisions compared to the previous quarter and a year earlier to shipbuilding marine reserves impact, such as Kazakhstan Center Credit Bank (BCC) stakes related to one-off gains (1580 million) was the earnings contributions.

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