Industrial Bank of Korea Reports Consolidated Earnings Results for the Three Months Ended March 31, 2016
May 01, 2016 at 01:45 pm IST
Share
Industrial Bank of Korea reported consolidated earnings results for the three months ended March 31, 2016. For the quarter, the company reported sales were KRW 5,540,337 million against KRW 3,446,665 million reported last year. Operating Income was KRW 481,252 million against KRW 1,499,652 million reported last year. Net Profit from continuing operation before income tax was KRW 481,173 million against KRW 1,469,467 million reported last year. Net income attributable to the shareholders of the parent company was KRW 376,688 million against KRW 1,142,983 million reported last year.
Industrial Bank of Korea is a Korea-based company principally engaged in the bank business. The Company operates its business through five segments. The Private Customer segment involves in the provision of services include receiving and providing loans to individual customers, as well as private banking (PB) business. The Corporate Customer segment engages in the in the provision of services such as receiving and providing loans to corporate customers, import and export business. The Financial Market segment is involved in the settlement, management and investment of Korean won and foreign currency. The Investment Banking (IB) segment is involved the overseas business and investment business. The Other segment provides insurance services including life insurance, non-life insurance and third-party insurance.