Woori Financial's net rises 23 percent in 2024
Published: 07 Feb. 2025, 17:32
![Woori Bank logo is shown at the bank's head branch in Jung District, central Seoul, on Aug. 27, 2024. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2025/02/07/6857664c-e042-4d3e-a9b2-377847fa0414.jpg)
Woori Bank logo is shown at the bank's head branch in Jung District, central Seoul, on Aug. 27, 2024. [YONHAP]
Woori Financial Group said Friday its net profit surged 23.1 percent from a year earlier in 2024 on the rise in both interest and non-interest income.
Net profit for 2024 came to 3.09 trillion won ($2.13 billion), up from 2.51 trillion won the previous year, the company said in a regulatory filing.
It marks the second-largest amount ever after the record annual net profit of 3.15 trillion won posted in 2022.
The group's interest income rose 1.6 percent on-year to 8.89 trillion won, while its non-interest income surged 41.9 percent to 1.55 trillion won, led by an increased commission income.
In the fourth quarter alone, Woori's net profit more than quintupled from a year earlier to 426.1 billion won, the data showed.
Yonhap
with the Korea JoongAng Daily
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