Korea Capital Posts 72.7 Billion Won in Cumulative Net Profit for Q3, Up 20% Year-on-Year

Korea Capital, a specialized credit finance company, continued its solid growth in the third quarter, posting strong results.

On November 17, Korea Capital announced that its cumulative operating profit for the third quarter of this year reached 91.36 billion won, with net profit at 72.66 billion won. These figures represent increases of 27.1% and 19.9%, respectively, compared to the same period last year. Despite an unstable financial market and challenging business conditions, Korea Capital maintained double-digit growth, demonstrating its strong profit-generating capabilities.

The growth is even more pronounced when looking at the third quarter results alone. Operating profit was 30.18 billion won and net profit was 26.43 billion won, reflecting year-on-year growth rates of 22.2% and 37%, respectively.

A representative from Korea Capital stated, "The balanced expansion of operating assets across each business portfolio-corporate, investment, retail, auto, and leasing-as well as the increase in non-interest income from direct corporate finance operations, have driven profit growth. We have also devoted our full efforts to managing asset quality, achieving a real estate project finance delinquency rate of 0% at the end of the third quarter. In this way, we are simultaneously achieving both external growth and internal stability."

As of the end of the third quarter, Korea Capital's total assets stood at 4.92 trillion won, and its leverage ratio, a key financial soundness indicator, remained stable at 6.7 times.

With this smooth quantitative and qualitative growth continuing through the third quarter, the company is now on track to achieve 5 trillion won in assets and 100 billion won in net profit within the year.

The company added, "While generating stable profits, we are also thoroughly managing risk to lay the foundation for long-term growth. Next year, we aim to upgrade our credit rating, paving the way for a new leap forward, and we will make even greater efforts to enhance both corporate and shareholder value."

This content was produced with the assistance of AI translation services.