[Infostock Daily= Reporter Park Hyo-sun] Korean banks' net profit for the first quarter of this year decreased from last year due to increased loan-loss cost.
13th According to the Financial Supervisory Service, banks' net profit for the first quarter of this year was 3.2 trillion won, down 17.8 percent from the same period last year.
operating profit is similar to the same period last year, but non-operating losses such as increased loan-loss cost and loss of stake in subsidiaries have increased.
interest profit fell 0.2% to 10.1 trillion won, while net interest margin was 1.46%.
ROA of banks was 0.48% and ROE was 6.29%. It fell 0.15%p and 1.70%p from the same period last year.
selling and administrative expenses of banks decreased by 0.4% from last year to 5.6 trillion won, and corporate tax expenses decreased by 5.2% to 1.1 trillion won.
Reporter Park Hyo-sun hs1351@infostock.co.kr
