24 Billion KRW Increase Compared to the Same Period Last Year
Sh Suhyup Bank announced on the 23rd that its net profit before tax for the first quarter was 93.1 billion KRW. This figure represents an increase of 2.4 billion KRW compared to the same period last year.
On the 19th, Suhyup Bank held the '2024 2nd Management Strategy Meeting' at its headquarters in Songpa, Seoul, where this was disclosed. Approximately 200 people attended the meeting, including Kang Sin-suk, President of Suhyup Bank, key executives, heads of the finance division, and branch managers nationwide.
During the meeting, progress on the 'Radical Reform Campaign for Improving Practices' was shared. This campaign is a project initiated by President Kang’s commitment to organizational culture innovation, aiming to identify and improve unreasonable practices within the bank, create an environment conducive to focusing on work, and enhance employee job satisfaction. Thirty-seven innovation tasks were identified, with plans to implement improvements by the end of this year. The implementation status was also reviewed in commemoration of the first anniversary of the declaration of the digital transformation inaugural year.
President Kang stated, “As a result of the unified efforts of all employees in the first quarter of this year, we were able to achieve the goals we had planned,” and urged, “Please continue to focus your capabilities in the second quarter on increasing low-cost deposits and core deposits, actively managing delinquencies, and boosting non-interest income.”
On the 19th, at the headquarters of Suhyup Bank in Songpa, Seoul, Kang Shin-sook, President of Suhyup Bank, is speaking at the '2024 2nd Management Strategy Meeting.' [Photo by Sh Suhyup Bank]
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