Industrial Bank of Korea

A024110

KR7024110009

Banks

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
13,850 ^KRW	+2.14%		+3.75%	+16.78%

Mar. 14	Algocare announced that it has received funding from STASSETS Investment, Murex Partners LLC, Industrial Bank of Korea, L&S Venture Capital Corp., JB Investment Co., Ltd., Maple Investment Partners	CI
Feb. 29	News Highlights : Top Financial Services News of the Day - Thursday at 4 PM ET	DJ

Industrial Bank of Korea Reports Earnings Results for the Second Quarter Ended June 30, 2023

July 25, 2023 at 09:11 am EDT

Industrial Bank of Korea reported earnings results for the second quarter ended June 30, 2023. For the second quarter, the company reported net interest income was KRW 3,913,400 million compared to KRW 3,386,400 million a year ago. Net income was KRW 1,384,100 million compared to KRW 1,160,900 million a year ago.

Latest news about Industrial Bank of Korea

Algocare announced that it has received funding from STASSETS Investment, Murex Partners LLC, Industrial Bank of Korea, L&S Venture Capital Corp., JB Investment Co., Ltd., Maple Investment Partners	Mar. 13	CI
News Highlights : Top Financial Services News of the Day - Thursday at 4 PM ET	Feb. 29	DJ
News Highlights : Top Financial Services News of the Day - Thursday at 11 AM ET	Feb. 29	DJ
Industrial Bank of Korea Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 07	CI
RE100 Solar Factory 1 Co., Ltd announced that it has received KRW 44 million in funding from Industrial Bank of Korea, Topinfrasolar Co., Ltd	Dec. 28	CI
IBK Insurance Co., Ltd. announced that it has received KRW 150 billion in funding from Industrial Bank of Korea	Dec. 27	CI
South Korea Selects 11 Banks as Market Makers for Won-Yuan Trading in 2024	Dec. 27	MT
RE100 Solar Factory 1 Co., Ltd announced that it expects to receive KRW 66 million in funding from Industrial Bank of Korea, Topinfrasolar Co., Ltd	Dec. 11	CI
Okestro Co.,Ltd. announced that it has received KRW 130 billion in funding from IMM Investment, Corp., STIC Investments, Inc., The Korea Development Bank, Industrial Bank of Korea	Dec. 03	CI
Lucentblock announced that it has received KRW 15 billion in funding from ETRI Holdings Co., Ltd., Industrial Bank of Korea, Hana Securities Co., Ltd., Kyobo Securities Co., Ltd., Investment Arm, Hana Ventures Inc., Seoul Techno Holdings, Inc.	Nov. 23	CI
THERMOEYE announced that it has received KRW 900 million in funding from Industrial Bank of Korea, Korea Science & Technology Holdings	Nov. 19	CI
Industrial Bank of Korea Files for Singapore Listing of $50 Million Green Bonds Due 2026	Nov. 16	MT
MEZOO Co.,Ltd. announced that it has received KRW 18 billion in funding from a group of investors	Nov. 06	CI
Namdo Market Co., Ltd. announced that it has received funding from InfoBank Corporation, D.Camp, Industrial Bank of Korea, Hana Financial Group Inc.	Oct. 31	CI
Industrial Bank of Korea Reports Earnings Results for the Third Quarter Ended September 30, 2023	23-10-14	CI
Autonomous a2z Co., Ltd. announced that it has received KRW 340 billion in funding from Industrial Bank of Korea, Hana Ventures Inc., KB Securities Co., Ltd., Investment Arm, Xplor Investment Co., Ltd	23-10-10	CI
Industrial Bank of Korea Files for Singapore Listing of $600 Million Bonds Due 2028	23-10-04	MT
WINPAC Inc. announced that it has received KRW 16 billion in funding from a group of investors	23-08-01	CI
WINPAC Inc. announced that it expects to receive KRW 16 billion in funding from a group of investors	23-07-30	CI
Industrial Bank of Korea's Attributable Income Jumps 27.3% in Q2	23-07-26	MT
Industrial Bank of Korea Reports Earnings Results for the Second Quarter Ended June 30, 2023	23-07-25	CI
COOCON Corporation cancelled the transaction announced on June 29, 2023	23-07-13	CI
S.Korea state-run banks to provide at least $1.5 bln liquidity support to credit union	23-07-10	RE
South Korea asks banks to prepare $4 bln to support credit union -sources	23-07-10	RE
COOCON Corporation announced that it expects to receive KRW 7.532455 billion in funding from Industrial Bank of Korea	23-06-28	CI

Chart Industrial Bank of Korea

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Company Profile

Industrial Bank of Korea is a Korea-based company principally engaged in the bank business. The Company operates its business through five segments. The Private Customer segment involves in the provision of services include receiving and providing loans to individual customers, as well as private banking (PB) business. The Corporate Customer segment engages in the in the provision of services such as receiving and providing loans to corporate customers, import and export business. The Financial Market segment is involved in the settlement, management and investment of Korean won and foreign currency. The Investment Banking (IB) segment is involved the overseas business and investment business. The Other segment provides insurance services including life insurance, non-life insurance and third-party insurance.

Sector

Banks

Calendar

2024-07-24 - Q2 2024 Earnings Release (Projected)

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Ratings for Industrial Bank of Korea

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13,850 KRW

Average target price

14,829 KRW

Spread / Average Target

+7.07%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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