{"id":577778,"date":"2026-08-23T11:38:13","date_gmt":"2026-08-23T11:38:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/577778\/"},"modified":"2026-08-23T11:38:13","modified_gmt":"2026-08-23T11:38:13","slug":"banks-net-income-falls-in-h1-interest-profit-hits-record-high-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/577778\/","title":{"rendered":"Banks&#8217; net income falls in H1; interest profit hits record high: data"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/08\/f1c6bccb-e54d-48a8-94d5-1221df392c7c.jpg\" style=\"height: auto; aspect-ratio: 1920 \/ 1555; width: 100%\" alt=\"ATM machines from local banks are seen in Seoul, Aug. 16. Yonhap   \" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>ATM machines from local banks are seen in Seoul, Aug. 16. Yonhap   <\/p>\n<p class=\"editor-p\">Net profits of Korean banks fell in the first half of 2026, due mainly to a fall in non-interest income, while their interest income recorded the highest six-month figure on record, data showed Sunday.<\/p>\n<p class=\"editor-p\">The combined net income of 20 banks came to 13.8 trillion won ($9.95 billion) in the January-June period, down 6.4 percent from the same period a year earlier, according to the data from the Financial Supervisory Service (FSS).<\/p>\n<p class=\"editor-p\">Their interest income came to 32.2 trillion won in the first half, up 8.3 percent year-on-year.<\/p>\n<p class=\"editor-p\">Non-interest income came to 2.9 trillion won, sharply falling by 43.4 percent from the same period a year earlier, according to the FSS.<\/p>\n<p class=\"editor-p\">The drop in non-interest income was blamed on a fall in profits related to the benchmark KOSPI market, amid a rise in interest rates, the FSS said. Profits related to the KOSPI swung to the red in the first half, generating a deficit of 2.5 trillion won.<\/p>\n<p class=\"editor-p\">The FSS said external uncertainties, such as the Middle East war, and increasing delinquency rates could pose a burden on the fiscal soundness of banks, as it vowed to strengthen monitoring and encourage banks to take measures to expand their loss-absorption capacities.<\/p>\n","protected":false},"excerpt":{"rendered":"ATM machines from local banks are seen in Seoul, Aug. 16. Yonhap Net profits of Korean banks fell&hellip;\n","protected":false},"author":2,"featured_media":577779,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":["post-577778","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/577778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=577778"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/577778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/577779"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=577778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=577778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=577778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}