Jinheung Savings Bank Co., Ltd. (South Korea)

Operating income decreased from the preceding year same period with decreased gains from financial instruments evaluation and disposal and decreased fee revenue though interest income increased.Operating income increased over the preceding year same period with reduced interest expenses though allowance for doubtful loans increased.Net profit decreased from the preceding year same period with equity investment gains posted in the preceding period though operating income increased. Operating income growth will be limited with growing interest expenses though operating income will grow with launch of high-interest products by savings banks.Profitability will remain at a certain level due to growth of write-off expenses and return of write-off allowance related to project financing credits sold to KAMCO despite growth of operating income.Steady efforts will be required for growing default of project financing loans though BIS net worth ratio rises with continued efforts for augmenting asset soundness.