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| ▲ Hana Bank (Yonhap) |
(LEAD) Hana Financial Group-Q2 earnings
(LEAD) Hana Financial Group Q2 net profit up over 10 pct on noninterest income gain
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SEOUL, July 27 (Yonhap) -- Hana Financial Group Inc. on Thursday reported its second-quarter net profit jumped more than 10 percent from a year earlier largely thanks to a steep increase in noninterest income.
Net profit for the three months ended in June was 935.8 billion won (US$732.9 million), up 10.9 percent from a year ago, the company said in a regulatory filing.
The operating profit for the April-June period rose 18.5 percent on-year to 1.33 trillion won, while sales decreased 28.6 percent to 15.18 trillion won.
The net profit for the first half was 2.05 trillion won, up 15.7 percent on-year.
Hana Financial attributed the increased net profit to an advancement in noninterest income.
The group raised a record high 1.37 trillion won of noninterest income and also a record high 750.8 billion won of trading profit in the first half.
The flagship Hana Bank posted a net profit of 870 billion won in the second quarter, up 22.7 percent on-year, thanks to a 338.6 percent increase in its noninterest income and cost management efforts.
But Hana Securities Co. swung to a net loss of 48.9 billion won due a rise in reserve funds amid market uncertainties.
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