(MENAFN) During the Jan-June period, South Korea's bank holding firms witnessed a surge of 25.2 percent in their earnings on the back of one-off factors, according to recent reports.
The eight domestic bank holding companies logged a joint USD3.43 billion in combined net income in the six months to June, up USD691 million from the prior year.
Generally, the on-year surge was basically driven by gains from securities sales and acquisitions of provincial bank units, and among the top firms was the Standard Chartered Korea.
The united resources of the holding companies reached USD1.3 trillion at the end of June, a growth of 5 percent from the end of 2014, due to an increase in corporate and household loans.
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