Banks to Post Record Profits Again as Interest Income Soars

      October 26, 2022 13:22

      Banks are on track to post record net profit again this year, boosted by soaring interest income.
      Korea's top four lenders -- Hana, KB Kookmin, Shinhan and Woori -- posted a combined net profit of W13.85 trillion in the first three quarters of this year, already nearing 90 percent of their record annual net profit of W14.8 trillion posted last year (US$1=W1,433).
      Shinhan took the top spot with a cumulative net profit of W4.32 trillion, followed by KB Kookmin with W4.03 trillion, Hana with W2.85 trillion and Woori with W2.66 trillion.
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