The net profit of Woori Financial Group for the first half of this year was 1.555 trillion won, a decrease of 11.6% compared to the same period last year. However, when looking solely at the net profit for the second quarter, it is the largest performance on record for the second quarter.
Woori Financial announced on the 25th that its net profit for the second quarter was 934.6 billion won, an increase of 0.3% compared to the same period last year. This is a decrease of 51.6% compared to the first quarter of this year (616.7 billion won). Non-interest revenue was 886 billion won, an increase of 0.1% compared to the same period last year. During the same period, interest revenue was recorded at 4.514 trillion won, up 2.7%.
Woori Financial stated, "The group common equity capital ratio is expected to improve by approximately 0.063% from the end of last year to 12.76%," and noted, "As a result of focusing on enhancing capital adequacy through growth strategies centered on asset rebalancing and risk-weighted asset yield (RORWA)."
Woori Financial's board of directors decided on the same dividend of 200 won per share as the previous quarter for the second quarter. A Woori Financial official said, "As we have completed the comprehensive financial group by incorporating Tongyang and ABL Life in the latter half of the year, we expect the group's revenue base to further strengthen through balanced growth in the banking and non-banking institutional sectors and the full-fledged synergy among affiliate companies."