NH NongHyup Financial Records 21.7% Rise in Q1 Net Profit to 868.8 Billion Won

NH NongHyup Financial Holdings achieved a net profit of 868.8 billion won in the first quarter of this year, a 21.7% increase compared to the same period last year. This result was driven by growth in both interest and non-interest income, with interest income rising 7.3% to 2.2143 trillion won and non-interest income surging 51.3% to 903.6 billion won, leading the overall performance.

By affiliate, NH Investment & Securities recorded a net profit of 475.7 billion won in the first quarter, an increase of over 118% year-on-year. NH NongHyup Non-Life Insurance posted a net profit of 39.9 billion won, and NH NongHyup Life Insurance reported 27.2 billion won. NH Savings Bank turned profitable with a net profit of 1.4 billion won.

The group's non-performing loan ratio slightly increased to 0.65% compared to the end of the previous year.