Home News Press Releases

Press Releases

Savings Banks’ Earnings, First Quarter 2019

June 12, 2019

The aggregate assets of 79 savings banks came to KRW70.2 trillion in total at the end of March 2019, up KRW0.7 trillion or 0.9% from KRW69.5 trillion at the end of 2018. The uptick was mainly because cash/deposits and loans increased KRW0.5 trillion and KRW0.4 trillion, respectively. Shareholders’ equity also grew KRW121.1 billion or 1.6% from KRW7.8 trillion three months earlier. Retained gains have risen by KRW89.8 billion and secondary offerings have increased KRW20.0 billion since the end of 2018, which contributed to the growth.