Industrial Bank first quarter net profit 403 500 000 000 ... 110% rise compared to the previous quarter

[Korea sinyuncheol financial newspaper reporter] IBK Industrial Bank (Bank gimdojin) first quarter net profit rose to 437.7 billion won. This is in contrast with the IBK IBK Capital investment securities during the same period last year on a consolidated basis, including subsidiaries 15.9% the previous quarter (215.1 billion won) than (377.7 billion won) is a 103.5% increase in earnings.

Industrial Bank net profit (consolidated basis) reported a 403.5 billion won, up 43.7 billion won (12.1%) compared to the same period last year. Causes of rising earnings will increase due to interest-earning assets, Mart stock sale profit (445 million), including SME loans, as compared to the previous quarter (193.1 billion won) increased 210.4 billion won (109.0%).

Net interest margin for the Industrial Bank (NIM) was recorded 1bp rose 1.92% YoY (1.91%). Through a steady increase in loans and deposits expanded low-cost, high-yield one trillion months restructuring for SMEs managed a stable net interest margin.

SME loan balance had recorded 2.9 trillion won (2.1%) increase compared to 137.3 one trillion won late last year, small business loans remained the seat occupancy (22.7%) in first place.

The total delinquency rate 0.56% (0.64% by businesses, households 0.17%) dropped 0.11% p YoY, the NPL ratio came in at 1.48%, up 0.05% p YoY.



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