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Industry Report

Industry reports, briefs issued by Samsung Economic Research Institute

Improving the Profitability of Banks

Improving the Profitability of Banks

PARK Hyun-Soo

Aug. 12, 2005

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For the past several years, earnings of Korea's commercial banks have sharply improved. Between 2001 and 2004, their average net income stood at 3.5 trillion Won a year, four times higher than the average recorded between 1990 and 1996. In 2004, net income hit a record-high 6.4 trillion Won. It continued to grow in 2005 with the first-half figure reaching 4.2 trillion Won.


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