[Asia Economy Reporter Jang Hyowon] Korea Capital, a specialized credit finance company, has continued its first-quarter performance growth for five consecutive years.
Korea Capital announced on the 16th that its operating profit for the first quarter of this year reached 29.5 billion KRW, an increase of 83.2% compared to the same period last year. Net profit rose by 95.5% to 22.5 billion KRW.
Total assets amounted to 3.5403 trillion KRW, up 730.3 billion KRW (26.0%) from the same period last year.
Despite the increase in operating assets, the key safety indicator, the delinquency rate over one month, remained low at 1.24%. The leverage ratio regulated by financial authorities was also maintained below 9 times.
In line with the improved performance, dividends for shareholder returns were increased. Korea Capital’s dividend per share for last year was 35 KRW, up 40% compared to the previous year.
A company official stated, “Despite the rising trend in market interest rates, we have proven our funding capability through smooth corporate bond issuance,” adding, “We remain vigilant to maintain asset safety through thorough and strict credit screening and delinquency management.”
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