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Bank Earnings, First Half 2019

August 12, 2019

Domestic banks preliminarily reported net income of KRW8.7 trillion for the first half of 2019, up KRW0.4 trillion from KRW8.3 trillion a year earlier. When it came to income, interest income and non-interest income increased by KRW0.9 trillion and KRW0.5 trillion, respectively. However, subsidiaries-related income was reduced KRW0.4 trillion. In case of expense, selling and administrative expenses increased KRW0.9 trillion as well as loan loss expenses were up KRW0.2 trillion during the same period. By contrast, income tax declined KRW0.5 trillion.