Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
3
First snow to fall in Seoul on Wednesday
-
4
S. Korea not to attend Sado mine memorial: foreign ministry
-
5
Wealthy parents ditch Korean passports to get kids into international school
-
6
Man convicted after binge eating to avoid military service
-
7
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
8
[Weekender] Korea's traditional sauce culture gains global recognition
![[Weekender] Korea's traditional sauce culture gains global recognition](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
-
9
BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
-
10
Korea to hold own memorial for forced labor victims, boycotting Japan’s
![[Weekender] Korea's traditional sauce culture gains global recognition](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/21/20241121050153_0.jpg&u=20241123224317)
Nonghyup Financial Group Inc. said Thursday its net profit reached an all-time high last year, surpassing the 1 trillion won ($888.9 million) mark for the first time.
Net profit of the financial group reached 1.22 trillion won in 2018, up 41.8 percent from a year earlier, the group said in a statement.
The best-ever performance since the group's establishment in 2012 is attributable to the growth in interest income and commission fees and lower loan-loss provisions.
Its interest income rose 9.9 percent on-year to 7.91 trillion won, and income from commission fees went up 4.5 percent to 1.08 trillion won, while the loan-loss provision dropped 22.1 percent from a year earlier to 735.5 billion won, according to the group.
Nonghyup Bank, the group's flagship banking unit, reported a net profit of 1.22 trillion won in 2018, up 87.5 percent from a year before.
Its net interest margin, a measurement of profitability, grew 0.02 percentage point on-year to stand at 1.92 percent as of the end of last year, it noted. (Yonhap)
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
