Proactive Risk Management for Asset Quality
Enhancing Profitability Through Focus on Core Businesses
BNK Financial Group (Chairman Byun Daein) held its 14th Annual General Meeting of Shareholders at the Busan Bank headquarters on the 26th, approved the 2024 financial statements, and resolved to pay a cash dividend.
BNK Financial Group's net profit for last year was 728.5 billion KRW, an increase of 88.7 billion KRW compared to the previous year. The dividend per share was set at 650 KRW (including an interim dividend of 200 KRW), which is 140 KRW higher than the previous year's 510 KRW.
Additionally, with the amendment of the articles of incorporation, the existing 'interim dividend' was changed to a 'quarterly dividend,' and an 'Internal Control Committee' was newly established within the board. Among the four outside directors whose terms expired, Lee Gwangju, Kim Byungdeok, and Jung Youngseok were reappointed for one year, while Choi Kyungsoo retired. Park Sooyong was appointed as a new outside director with a two-year term.
Byun Daein, Chairman of BNK Financial Group, stated, "Based on the corporate value enhancement plan announced last year, we plan to gradually increase dividends, share buybacks, and cancellations this year as well. We will also expand communication through active IR activities, including strengthening domestic and overseas NDR."
However, he emphasized, "The regional economy is facing unprecedented difficulties due to the continued economic downturn and increased loan burdens on self-employed individuals, which requires us to take proactive and thorough asset quality management." He added, "We will strengthen monitoring of companies showing signs of insolvency and closely manage real estate PF, while overcoming challenges through sustainable growth by enhancing our fundamental competitiveness to improve profitability and cost efficiency."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
