JB Financial Group's cumulative net profit for the third quarter this year was 578.7 billion won, up 2.8% from the same period a year earlier. It was a record high.
According to JB Financial Group on the 28th, net profit for the third quarter this year was 208.3 billion won, up 7.9% from the same period a year earlier. During the same period, revenue was 1.1241 trillion won, down 5.3%, but operating profit was 281.1 billion won, up 5.3%.
Return on equity (ROE) attributable to controlling interests was 13.5%, return on assets (ROA) was 1.15%, and the cost-to-income ratio (CIR) was 34.8%, respectively. The preliminary common equity tier 1 (CET1) ratio was 12.72%, up 0.32 percentage point from the previous quarter.
Jeonbuk Bank, a JB Financial Group affiliate, posted a cumulative net profit of 178.4 billion won in the third quarter. Kwangju Bank was 233.6 billion won. JB Woori Capital was 211.6 billion won, up 16% from the same period a year earlier, showing growth momentum. JB Asset Management recorded 4.3 billion won, and JB Investment posted 6.1 billion won. Phnom Penh Commercial Bank in Cambodia, an overseas grandchild company, came to 37.0 billion won for the same period, up 33.6%.
As part of its shareholder return policy, JB Financial Group decided on a cash dividend of 160 won per common share. It will also proceed with the acquisition and cancellation of treasury shares worth 40.0 billion won.