KB Financial Group Inc. South Korea’s No. 2 banking group, said Thursday its fourth-quarter earnings inched down from a year earlier on weaker profit margins and interest income.
Net income amounted to 213.7 billion won ($195.8 million) in the October-December period, down 2.42 percent from 219.0 billion won the previous year, the group said in a regulatory filing.
From the previous quarter, its net profit plunged 47.9 percent, driven by a drop in non-interest income.
For all of 2012, the banking group logged a net income of 1.77 trillion won, also down 25.2 percent from a year ago. (Yonhap News)
koreaherald@heraldcorp.com
