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Savings Banks’ Earnings, First Quarter 2019

  • 2019-06-12

The aggregate assets of 79 savings banks came to KRW70.2 trillion in total at the end of March 2019, up KRW0.7 trillion or 0.9% from KRW69.5 trillion at the end of 2018. The uptick was mainly because cash/deposits and loans increased KRW0.5 trillion and KRW0.4 trillion, respectively. Shareholders’ equity also grew KRW121.1 billion or 1.6% from KRW7.8 trillion three months earlier. Retained gains have risen by KRW89.8 billion and secondary offerings have increased KRW20.0 billion since the end of 2018, which contributed to the growth.

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