상반기 저축은행 순이익 7600억…“기업대출 연체율 상승세”

During the first half of the year, domestic savings banks generated a net profit of 76 billion won, marking the largest quarterly profit since the second half of 2022. According to the Financial Supervisory Service's announcement on June 28, the combined net profit of 79 savings banks and cooperative financial institutions amounted to 7,658 billion won, up 588 billion won from the previous year's second half.

This increase was mainly due to higher investment income from securities-related activities, which rose by 4012 billion won, and a 2608 billion won decrease in bad debt costs.

As of the end of June, the savings banks' non-performing loan rate was 6.26%, a 0.22 percentage point increase from the end of the previous year (6.04%). While the household loan non-performing rate decreased to 4.60% from 4.67% last year, the corporate loan non-performing rate rose to 8.38% from 8.00%, a 0.38 percentage point increase. The bank's average asset-to-risk ratio dropped to 8.16% from 8.43% last year.

The total assets of savings banks reached 120.6 trillion won, up 2.6 trillion won from the end of last year (118 trillion won). The Korea Bankers Association reported that an expansion in supply of savings banks' medium-term loans contributed to the increase in corporate loan amounts. As of June, the total loan amount was 18.2 trillion won, up 1.4 trillion won from last year's end (100.4 trillion won). The banks' capital adequacy ratio fell slightly to 15.73%, according to the Bank for International Settlements.

Cooperative financial institutions reported a net profit of 7,141 billion won, a 2,965 billion won increase from the same period last year (4,176 billion won). This increase was driven by higher interest income, which boosted the overall financial profit by 2.36 trillion won, or 2.86 trillion won compared to the same period last year (2.77 trillion won).

The non-performing loan rate for cooperative financial institutions rose to 5.39% from 4.62% last year, a 0.77 percentage point increase. The household loan non-performing rate increased to 2.21% from 2.00% last year, while the corporate loan non-performing rate jumped to 8.03% from 8.00%, a 1.20 percentage point increase. The cooperative financial institutions' average asset-to-risk ratio was 6.06% as of June, a 0.51 percentage point increase from the end of last year (5.55%).

The Financial Supervisory Service (FSS) assessed both savings banks and cooperative financial institutions as having good levels of capital adequacy.