JB Financial achieves record earnings in 2020
Posted : 2021-02-09 15:25
By Lee Min-hyung
JB Financial Group reported an annual net profit of 363.5 billion won ($325.7 million) for 2020, up 6.3 percent from the previous year, powered by double-digit growth at its banking subsidiary, the financial holding firm said Tuesday.
Jeonbuk Bank, one of JB s two banking affiliates alongside Kwangju Bank, led the group s stable growth by achieving 124.1 billion won in net profits, up 13.4 percent from 2019; even though the latter s net profit fell 7.5 percent to 160.2 billion won.
In addition, the group also said its profit from non-interest income also jumped 51 percent to 93.9 billion won during the same period.
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