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Bank Earnings, Third Quarter 2021

November 16, 2021

Domestic banks preliminarily reported net income of KRW4.6 trillion for the third quarter of 2021, up KRW1.1 trillion from KRW3.5 trillion a year earlier. When it came to income, interest income expanded KRW1.3 trillion while non-interest income and non-operating income decreased by KRW0.6 trillion and KRW0.1 trillion, respectively, from the 12 months prior. Meanwhile, as for expense, loan loss expenses decreased KRW1.1 trillion in particular. Selling and administrative expenses, however, grew KRW0.2 trillion year on year.