[Edaily Reporter PARK JONG-HWA ] Due to weak bank performance, BNK Financial Group Inc.’s third-quarter net income fell by nearly 30% compared to last year.

BNK Financial Group Inc. announced on the 26th that its third-quarter revenue and net income (attributable to owners of the parent company) totaled 3.1002 trillion won and 210.5 billion won, respectively. Compared to the same period last year, revenue rose 34.9%, but net income plummeted 28.5%. Cumulative revenue and net income for the first through third quarters totaled 10.0893 trillion won and 6.2226 trillion won, respectively; while revenue rose 33.7%, net income fell 19.2%.

The deterioration in BNK Financial Group Inc.’s performance is attributed to a simultaneous decline in earnings across its core banking affiliates. Comparing results from the first three quarters of last year to this year, net income for BNK Financial Group Inc.’s banking segment fell by 113.1 billion won (Busan Bank: -99.1 billion won; Gyeongnam Bank: -14.0 billion won). In addition, the exclusion of one-time gains from last year’s sale of the BNK Gangnam Core Office (54.4 billion won) is cited as another factor contributing to this year’s decline in earnings. Conversely, net income from non-bank affiliates increased by 47.7 billion won (Capital: 7.8 billion won; Investment & Securities: 20.8 billion won; Savings Bank: 4.4 billion won; Asset Management: 13.7 billion won; Venture Investment: 0.8 billion won, etc.).