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Savings Banks’ Earnings, First Half 2021

September 8, 2021

The aggregate assets of 79 savings banks came in at KRW102.4 trillion at the end of June 2021, up KRW10.4 trillion or 11.3% from KRW92.0 trillion at the end of December 2020. In particular, loans expanded KRW10.4 trillion or 13.4% from KRW77.6 trillion to KRW88.0 trillion. Meanwhile, shareholders’ equity grew KRW1.6trillion or 11.1% from KRW10.4 trillion to KRW11.5 trillion. Retained gains grew by KRW0.9 trillion, which contributed to the growth in shareholders’ equity.