Net profit of 11 trillion won in the first half of the five major banks?”Catfish.” DGB is sluggish
Net profit of 11 trillion won in the first half of the five major banks?”Catfish.” DGB is sluggish
The net profit of the five major financial holding companies, which exceeded 10 trillion won for the first time as of the first half of last year, is expected to exceed 11 trillion won in the first half of this year.
The financial authorities’ win-win pressure is expected to intensify.
On the other hand, DGB Financial Group, which has been cited as a “catfish” in the banking sector, is expected to show poor performance.
The five largest financial holding companies that were under fire for their record performance last year when interest rates were raised.
This year’s performance is also expected to be all-time.
The fourth-largest financial holding company’s net profit forecast for the second quarter is 4.3564 trillion won. The first half of the year is estimated to be around 9.255 trillion won.
Adding to this, Nonghyup Financial Group, an unlisted company, is expected to exceed 11 trillion won, exceeding the first half of last year, when it exceeded 10 trillion won for the first time.
As a result, financial authorities’ pressure on win-win finance is expected to intensify.
<Lee Bok-hyun / Director of the Financial Supervisory Service> “There have been win-win financial efforts mainly in the banking sector, but recently, credit cards, capital, and insurance companies have also…” The already announced win-win plan is actively implemented early so that the people can feel it…”
On the other hand, DGB Financial Group and other local financial holding companies, which were mentioned as catfish to break the monopoly, were in contrast due to expected sluggish performance.
The net profit forecast for the three local financial holding companies in the second quarter is expected to be KRW 491.8 billion and KRW 1.8 trillion in the first half, down slightly from last year.
In particular, DGB Financial Group, which is pointed out as a catfish and is seeking to convert Daegu Bank to a commercial bank, is expected to fall to the bottom with a net profit of only KRW 124.2 billion in the second quarter.
<Kim Tae-oh / Chairman of DGB Financial Group> “(Some point out that competition will be difficult because there is a weight difference with existing commercial banks…)…) There are many things called competition, but mature growth is important. We will play our role as a small and medium-sized bank.”
DGB Financial, which accounts for only one-tenth of KB Financial’s net profit. Far from breaking the monopoly, the gap is widening.