July 08, 2013 11:05
Six domestic banks joined the ranks of the world's 100 top lenders last year, according to the Bank of Korea. It cited a list published in the July edition of The Banker, which was drawn up based on the lenders’ core capital and assets.
Korea's top lender KB Financial Group ranked 68th, up from 72nd in 2011, while KDB Financial Group was 69th, up two notches. Woori, Shinhan, Hana and Nonghyup Financial Groups also made the list.
The U.K. magazine, which is owned by the Financial Times, said the banks' rankings improved due to the increased value of their capital and assets, helped by the won's rise against the dollar.
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