Friday, April 14, 2017

Domestic banks overseas branch profits increased by 15% ... Asian accent



[Korea Selected financial newspaper reporters] last year it showed that 15% of domestic banks' overseas branches to embellish increased 650 million US dollars (about 730 billion won) Net profit compared to the previous year.

According to the 14th FSS announced by domestic banks overseas branches operating performance in 2016, domestic banks' net income beat last year's 650 million US dollars (about 730 billion won) in the 40 countries where 178 overseas branches.

This is a scale that corresponds to the beating can be increased 900 billion won (15%) compared to the previous year (570 million US dollars), 26% of the total net profit of 3 trillion won last year, domestic banks.

FSS is analyzed and "net increase in the influence of special interests on securities, non-interest income and the sale of the building, including foreign exchange derivatives was great.

KEB Hana Bank surged neuleotgo the gains, while Hong Kong office buildings for sale, non-interest income as a bad debt recovery of the Brazilian entered the Bank of 54.8% year-on-year to 720 million US dollars. Interest income totaled to 1.36 billion US dollars, up 6.4 percent from the previous year.

Asian accent was noticeably by region.

40.7 million US dollars (36.3%) from a year earlier in Hong Kong has increased 17.9 million US dollars (31.7%) Net income in Indonesia. In Vietnam, it fell 34.6 percent from a year earlier to 25 million US dollars. The net profit decreased in the United States (17.5 million US dollars), the UK (3.5 million US dollars).

Banks overseas branches last year, total assets of the end of 95,800,004,000 ten thousand US dollars increased by 7.52 billion US dollars (8.5%) from the previous year. In Vietnam, Indonesia, China had decreased, while increased local store assets, the UK and Singapore.

Domestic banks overseas branches has increased by 8 during the year end of last year, 178 pieces.

7 Our bank Philippines and Vietnam subsidiaries, while the 15 stores, including NH NH Myanmar subsidiary, Shinhan Bank, Australia, Myanmar branch of the bank the new Japanese branch of Kookmin Bank and Hana Bank, Shinhan Bank Vietnam branch, such as closed done.

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