S. Korean banks' global branches profits increase in H1


(MENAFN) The South Korean Financial Supervisory Service revealed that overseas branches of the country"s banks have witnessed their joint net profit boost by 48.7% on-year to hit USD461.2 million in H1.

Moreover, data showed combined interest income at 184 international branches recorded 13.7% expansion on-year.

Never the less, their average non-performing loan ratio reached 0.9% as of the end of June, from 1.25% for banks operating in Seoul.

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