Last year, the total asset size and net profit of domestic banks' overseas branches (local subsidiaries and branches) showed growth.
According to the data released by the Financial Supervisory Service on 4th, as of the end of 2024, domestic banks have overseas branches in 41 countries with a total of 206 branches. The number of countries is the same as a year ago, while the number of branches increased by 4.
By region, branches in Asia, including China, totaled 140, the highest number. There are 29 branches in the Americas, 28 in Europe, and 9 in other regions.
The total assets of overseas branches are $217.08 billion, an increase of $6.88 billion (3.3%) compared to the end of last year ($210.19 billion). Last year, total net profit recorded $1.614 billion, an increase of $284 million (21.3%) compared to the previous year ($1.333 billion). The ratio of non-performing loans, an indicator of soundness, slightly decreased from 1.74% at the end of 2023 to 1.46% at the end of last year.
Last year, the overall evaluation grade for the localization index of overseas branches was rated at 2+, the same as the previous year.