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BARCLAYS stuft ING GROEP N V auf Underweight
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Börse Express - Corona Bilanz: Verdoppelung der Kreditvergaben für Immobilien-Investitionen
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Bank CIC will näher an die Multis heranrücken
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Optimism for New Financial Leasing Law - CentralAmericaData :: The Regional Business Portal
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Financial groups pressured to cut dividend payouts
Posted : 2021-02-07 16:41
Updated : 2021-02-07 16:48
From left are NongHyup Financial Group Chairman Son Byung-hwan, KB Financial Group Chairman Yoon Jong-kyoo, Shinhan Financial Group Chairman Cho Yong-byoung, Woori Financial Group Chairman Son Tae-seung and Hana Financial Group Chairman Kim Jung-tai.
By Lee Kyung-min
A number of Korea s leading financial groups have reduced dividend payouts for 2020 amid suspicions that they are caving in to growing pressure from the financial authorities that are increasingly influenced by public sentiment.
Many Koreans feel that the all-time high net incomes of domestic financial groups did not result from superior growth strategies, but from an unexpected boom in loans some of which fueled a stock-investment craze amid the spread of the COVID-19 pandemic.