This year, domestic banks have the largest net profit after the financial crisis.
According to the Financial Supervision Service (FSS), current operating results (temporary), net income for the third quarter amounted to 12.4 trillion.
This is 13.1 trillion tenge from the third quarter of 2007. After the financial crisis banks have achieved good results and have been registered in the third quarter of the previous year by 11.2 trillion. More than 1.2 trillion won
In the first quarter of this year, the domestic banks earned net profit of 4.4 trillion tenge, and in the second quarter KRW earned 3.9 trillion. And in the third quarter was 4.1 trillion rubles.
The KRW 4.1g net profit at 3Q is the largest in the 3rd quarter. The quarterly net profit of banks has generally dropped from the end of the first quarter to the end of the year, but the net profit of the third quarter has increased since the second quarter of this year.
Domestic banks ROA increased by 0.65% and ROE rose by 8.26% to 0.11% and 1.52%, respectively, from the same period last year (ROA 0.54%, ROE 6.73%).
Improvement in banks' earnings is due to higher interest income and lower credit costs.
In the third quarter, KRW 's interest income was 10.2 trillion. The record level has reached. Interest income increased for the first time in the second quarter, and in the third quarter. While net interest margins declined considerably, this led to an increase in the volume of managed assets such as credit receivables.
In the third quarter, non-interest income of domestic banks amounted to 1.6 trillion.
The cost of the loan was 800 billion won, dropped to 700 billion won from the same period last year. This is due to the reduction of new non-payment incapacities and recovery of bad debts associated with the release of the "Kumho" tires and the restoration of the shipbuilding industry.[사진 출처 : 연합뉴스]