Internet-only K-Bank's Q2 net dips 31 pct on increased reserves
newscatcher
2023-08-14 05:31
Internet-only K-Bank's Q2 net dips 31 pct on increased reserves
K-Bank-Q2 earnings Internet-only K-Bank's Q2 net dips 31 pct on increased reserves SEOUL, Aug. 14 (Yonhap) -- K-Bank, a South Korean internet-only bank, reported Monday that its second-quarter net income dropped 31 percent from a year earlier on increased loan-loss reserves. Net income stood at 14.7 billion won (US$11 million) in the April-June period, compared with a net profit of 21.3 billion won a year earlier, the company said in a statement. From a quarter earlier, its net profit surged 41 percent.

https://n.news.naver.com/mnews/article/001/0014130406?sid=104

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