Chairman Kim Jung-tai of Hana Financial Group. (Photos: HFG)

Hana and Financial Group earned 2,040.4 billion won in cumulative net profit for the first three quarters of this year on a consolidated basis. The figure represented a rise of 148.3 billion won, or a 7.8 percent increase, over the same period last year.

The financial group chalked up 836 billion won in net profit for the third quarter of the year on a consolidated basis. The figure is a 27 percent surge, or 177.6 billion won, over the same period a year ago.

The group logged 6,015.3 billion won in cumulative core profit for the Jan.-Sept. period - 4,345.4 billion won in interest profit and 1,669.9 billion won in commission profit - by securing stable profit foundations, such as steady loan asset growth.

The group has maintained downward stability thanks to across-the-board risk management and reinforced asset stabilization, such as steady loan asset growth.

Hana Financial Group saw its non-performing loan (NPL) ratio for the end of the 3rd quarter stand at 0.48 percent, an improvement of 8 bp over the end of the previous quarter, and the delinquent ratio measuring 0.35 percent, a rise of 1 bp over the end of the previous quarter.

They represent better levels despite fears of a sagging economy. The credit cost for the end of the third quarter stood at 0.17 percent, an improvement of 2 bp over the end of the previous quarter.

The group saw a return on equity (ROE) of 10.01 percent, up 99 bp over the end of the previous quarter and the return on assets (ROA) measuring at 0.69 percent, up 7 bp over the end of the previous quarter. In corporate finance, ROE is a measure of the profitability of a business in relation to the equity. ROA is an indicator of how profitable a company is relative to its total assets.

The group posted 540.3 trillion won in total assets, including 120 trillion won in trust property.

KEB Hana Bank earned 1,791.3 billion won in cumulative net profit for Q1 to Q3. The figure represented a 1.9 percent rise or an increase of 33.7 billion won over the same period of last year as top spot such as costs related to wage peak retirement increased, but it was offset by 320 billion won from the sale of Myeong-dong headquarters building.

The bank posted 757.5 billion won in net profit for the third quarter, a 36.7 percent jump or a surge of 203.5 billion won over the previous quarter.

A view of the HFG Building in Myeong-dong, Seoul.