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Savings Banks’ Earnings, 2019

March 23, 2020

The aggregate assets of 79 savings banks came to KRW77.1 trillion at the end of 2019, up KRW7.6 trillion or 11.0% from KRW69.5 trillion at the end of 2018. In particular, loans increased KRW5.9 trillion or 10.0% from KRW59.1 trillion to KRW65.0 trillion during the same period. Meanwhile, shareholders’ equity grew KRW1.3 trillion or 16.1% to KRW9.0 trillion. Compared to the previous year, retained gains have risen KRW1.2723 trillion and secondary offerings expanded KRW142.7 billion, which contributed to the growth in shareholders’ equity.