[Sinyuncheol financial newspaper reporter Korea - Woori Bank (Bank yigwanggu) posted a first quarter net profit of 637.5 billion won.
This increase compared to the fourth quarter of 2016 was 482.1 billion won (310.3%), and earnings significantly beat market expectations and also increased 194.2 billion won (43.8%) YoY.
With our greatly increased by factors Banking net income is at an appropriate level, while assets increased, while credit costs greatly reduced through thorough tailgate locks, were non-interest income increased significantly seen as a result of cost savings through the reduction of stores and personnel .
Even excluding the first quarter of China hwapu earnings-related loans sold 1,706 million (pretax) to the NIM has improved 7bp QoQ been significantly improved ELT / funds / Banca and foreign exchange earnings achieved over 500 billion won Recurring net income .
If our banks this trend is expected to be realized more than 1 trillion won in net income during the first half of the year.
The 0.79% NPL ratio at the end of March, the current terms of asset quality *, fell to its lowest level since the global financial crisis as a nominal 0.45% delinquency.
* Except for 3 Shipbuilding Co. (SPP shipbuilding, election of Korea, Korean STX) based
Common equity ratio was achieved by 10.7% over the Basel Ⅲ best guideline 10.5% plan to apply to 2019 were prepared based on a stable business expansion.
Woori Bank official and that "there is a financial restructuring efforts of the past two years appears to improve full-fledged earnings this year, yigwanggu Bank is as a senior group elected one by its management stability continue this earnings trend will continue to lead," " He said the first year of privatization this year to increase the enterprise value, shareholder-friendly dividend policy also actively pursue plans. "
In the case of our bank is a net profit of 6,057 one hundred million won calculated on an individual basis *, affiliates by the first quarter of 2017 net income was 29.3 billion won realize our cards, we Tong 4.2 billion won and more.
* Card, such as Yang's performance, except for subsidiaries and comparing the interbank market, including the performance, including overseas subsidiaries objective criteria
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
