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Savings Banks’ Earnings, Third Quarter 2020

November 19, 2020

The aggregate assets of 79 savings banks came to KRW85.3 trillion at the end of September 2020, up KRW8.1 trillion or 10.6% from KRW77.2 trillion at the end of 2019. In particular, loans expanded 12.6% from KRW65.0 trillion to KRW73.2 trillion during the same period. In addition, shareholders’ equity grew KRW920.0 billion or 10.2% from KRW9.0 trillion to KRW10.0 trillion. Retained gains increased KRW85.30 billion compared to the end of 2019, which contributed to the growth in shareholders’ equity.