[Alpha Biz=(Chicago) Reporter Kim Jisun] JB Financial Group announced on the 26th that it earned 326.1 billion won in net profit (controlling stake) in the first half of this year. JB Financial acquires a stake in FinTech company 'Finda' and becomes the second largest shareholder. It also announced plans to make quarterly dividends starting next year.

JB Financial Group announced on the 26th that its net profit for the first half of this year was 326.1 billion won, up 1.9% (26.1 billion won) from a year earlier (320 billion won). This is the largest semi-annual performance ever. Net profit for the second quarter was 162.8 billion won, up 6.2% from the same period last year.

The increase in performance was led by Gwangju Bank, a key affiliate. On a consolidated basis, Kwangju Bank posted a net profit of 141.7 billion won, up 13.45 percent from the first half of last year. Interest income grew 14.3% to KRW 411.5 billion, and non-interest income also improved significantly from a net loss of KRW 8.8 billion last year to KRW 11.1 billion.

JB Financial plans to implement a more active shareholder return policy based on the improved capital ratio.

 

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