Hana, Nonghyup financial groups report record Q3 results

(Kim Ho-young)

Hana Financial Group and Nonghyup Financial Group both posted record cumulative net profits in the third quarter of 2024, driven by a significant increase in non-interest income, including fee income and gains from securities investments.

Hana Financial Group announced on Tuesday that its third-quarter cumulative net profit totaled 3.23 trillion won ($2.33 billion), up 8.3 percent from 2.98 trillion won in the same period during thr lle.previous year. This is the highest third-quarter cumulative net profit in the company‘s history. The group attributed this to the diversification of its revenue portfolio and an increase in non-interest income.

Similarly, Nonghyup Financial Group reported a cumulative net profit of 2.32 trillion won in the third quarter, up 13.2 percent from 2.05 trillion won in the same period during the previous year, mainly due to an increase in non-interest income.