Samsung Card said on the 24th that it posted a net profit of 156.3 billion won in the first quarter of this year. It kept the top spot in the card industry by net profit, but the figure fell 15.3% from the same period a year earlier (184.4 billion won).
During the same period, total transaction volume was 4.73345 trillion won, up 9.3% from a year earlier. Of that, the card business transaction volume came to 4.71438 trillion won, up 9.4% on-year. By segment, credit sales (lump-sum + installment) were 4.24597 trillion won, the financial segment (long-term + short-term card loans) was 468.41 billion won, and installment and lease business transaction volume was 190.7 billion won.
Asset quality indicators improved slightly. The first-quarter delinquency rate of one month or more was 0.92%, down 0.2 percentage points from the end of the previous year (0.94%).
A Samsung Card official said, "Volatility in the management environment for card issuers is expected to persist, with volatility in the funding market continuing into the second quarter and beyond."