JB Financial Group Reports Consolidated Earnings Results for the First Half of 2018
July 30, 2018
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JB Financial Group reported consolidated earnings results for the first half of 2018. For the period, the company reported consolidated net income of KRW 186.4 billion, up by 17.9%
compared to the first half 2017. In particular, Jeonbuk Bank's separate net income in the first half 2018 recorded KRW 56.2 billion, improving by 49.4% year over year. Kwangju Bank also continued its strong performance during the same period, resulting in KRW90.7 billion net income, up by 7.9% year over year.
JB Financial Group Co Ltd is a Korea-based holding company mainly engaged in the financial industry. The Company operates its business through three segments. The Banking Business segment engages in the business of supplying funds in the form of short- and long-term loans to recipients of funds, using funds acquired in the form of deposits from the general public as the main source. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Other segment engages in collective investment business such as asset management business, investment advisory business, and discretionary investment business. In addition, this segment provides financial support and business management for subsidiaries.
JB FINANCIAL GROUP CO., LTD. 
