[Korea Selected financial newspaper reporters - our bank the first quarter (January-March), "surprise performance" has been notice. Major banks, whereas a considerable burden Daewoo Shipbuilding & Marine related additional provisions lies at the crossroads, our bank is expected to be able to see the effect of already accumulated reserves. Net interest margin (NIM) is regarded as a key to increased profits also positive improvements. Yigwanggu our CEO (pictured) is expected following last year also embark International Company Presentation (IR) in the first half, holding a good report card.
◇ provisions firestorm brushed between performance
According to the financial industry, 16, is scheduled on the 19th, we announced Shinhan Bank to begin · KB Financial Group (20), a financial holding one quarter (21 days), including order (January-March) earnings.
The main variables considered Daewoo Shipbuilding & Marine Engineering. Earnings starts just before the if 17 to 18 if the debt restructuring proposal rejected in sachaegwonja rally is to rush in overnight court a type of "pre-packaged plan '(P Plan), banking sector equity swap impairment losses as well as unavoidable additional provisioning because. Banks loans compared to conventional banks in accordance with the provisions tteil likely to lend money. Normal (more than 0.85%), critical (7%), a fixed (20%), doubtful (50%), the estimated loss of the five levels (100%).
For example, entering the court should handle the loss reported in full to the estimated loss. For our bank is a positive point that I brushed at relatively Daewoo Shipbuilding firestorm. According to the brokerage five (Meritz Investment Bank, Shinhan geumtu · u · hits · Instead of one geumtu) forecast, we expect the Bank first quarter net profit (parent company equity owners) were the maximum level of 507.2 billion won from 465 billion won a minimum.
If last year after 2013 was the highest annual net earnings (controlling shareholder) Given that the size 1.2613 trillion won can be seen as encouraging report. Daishin Securities analyst Choi Jeonguk was rated "Our bank is the exposure (exposure amount) for Daewoo Shipbuilding fairly insignificant deda Accumulation rate allowances and also have close to 60% of the bank or combed in additional losses recognized concern."
There is also a one-time benefit. We gotta banks are expected to be reversed in the provision of hwapu building sale (170 billion won) Real estate PF in China was recorded as amortization of net revenue.
In addition, the Bank is also considering the sale of securities retained earnings in accordance with the Basel III elements added to apply the new international accounting standards (IFRS9) introduced next year, the risk weights increased. IFRS9 listed classified in other comprehensive income under equity is due to be considered as a surplus in the capital gains even when the sale gains not recognized in the income statement balance sheet. In the case of our bank it holds such Kumho Tire shares (22,360,000 shares).
Eugene Investment & Securities analyst Kim "Daewoo Shipbuilding has borne losses can be offset by the sale of securities income" and "our bank's Daewoo Shipbuilding less relevant allowances paid earnings momentum is expected," he predicted. The overall banking net interest margin (NIM) rebounded, credit costs stabilized elements also improve performance factors.
Meritz Securities analyst Yang Eun Kyung Wan analyzed and "net interest margin was based on the rise transition under the influence of interest rates cuts decay and rising interest rates, funding re Price (Lee pricing effect)."
Gimeungap was IBK Securities analyst also explained that saying "Daewoo Shipbuilding issue or issues to be reflected in any quarter by quarter," "it is determined that there is a need to pay attention to more recent earnings forecast revised up."
◇ support a sale of the remaining "We announce '
1Q11 earnings outlook is positive naohmyeonseo yigwanggu haengjang is following last year decided to also come forward in our bank sales abroad this year. Yigwanggu haengjang is under a pension plan investors overseas company presentations (IR) in Europe during the first half of the year. Woori Bank official explained that "gotta expected to perform better price there is a support level."
Last year yigwanggu haengjang will inform our views, such as the Bank of earnings to foreign investors in Europe, the United States put the focus on boosting the share price. As a result of the rising share price doldeon under the shareholders' disposal 10,000 won and dominated the way we have succeeded in privatizing banks in 16 years.
Woori Bank plans to do so this year also when the price rises to consult with the Public Fund Oversight Committee as soon as the sale of our remaining stake in the bank (21.4%) are currently Deposit Insurance Corporation holds overseas IR performance.
Park Jinhyeong oil hits Securities analyst said, "In our case the bank profit indicators improved, governance reform is in progress at the same time, it holds the highest share price upside of the banks" and "with improving fundamentals holding company transition promotion is positive for earnings and stock price "forecasted by.
Han Jeongtae a financial investment analyst also "Once the transition to a holding company rather than significantly increase the investment limits a bank," he analyzed that "is expected to be much easier for non-bank expansion strategy part of the expected medium to long term."
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