The net profit of domestic financial holding companies in the first half of this year was over 14 trillion won, the report showed.
According to the Financial Supervisory Service's preliminary figures on management performance of financial holding companies in the first half of 2024 released today (4th), the consolidated net profit of 10 financial holding companies, including KB and Shinhan, was 14.55 trillion won as of the end of June.
It is up 3.3% and 447.3 billion won from the same period a year ago.
By business sector, insurance increased by 13.3% and 287.8 billion won from the same period last year, but banks decreased by 455.3 billion won, reaching 5%.
In addition, financial investment fell 27.7% and credit-specialized financial firms fell 0.7%.
The ratio of non-fixed loans, which can measure the asset soundness of financial holdings, was tallied at 0.9%.
It is up 0.18%p from the end of last year and up 0.27%p from a year ago.It is analyzed as a result of the delayed economic recovery amid high interest rates
, which has made borrowers less able to repay.
In addition, the increase in bad loans due to real estate project financing and PF business revaluation also seems to have affected it.
The FSS said management indicators, including capital ratios, are good, but caution should be taken in managing asset soundness as fixed loans increase.
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