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Bank Earnings, Third Quarter 2020

November 12, 2020

Domestic banks preliminarily reported net income of KRW3.5 trillion for the third quarter of 2020, down KRW0.3 trillion or 7.1% from KRW3.7 trillion three months earlier. When it came to income, interest and non-interest incomes increased by KRW0.1 trillion and KRW0.2 trillion, respectively, from the previous quarter while non-operating income shrank by KRW0.6 trillion. In terms of expense, administrative expenses grew KRW0.1 trillion quarter on quarter. However, loan loss expenses decreased KRW20.4 billion from three months ago.