Industrial Bank of Korea

Country

South Korea

Sector

Financial Services

Industry

Banks - Regional

Employees

12,778

Ticker

024110

Exchange

KOREA EXCHANGE

Website

www.ibk.co.kr

Description

The Industrial Bank of Korea is a state-owned financial institution primarily focused on supporting and facilitating the growth of small to medium-sized enterprises (SMEs) in South Korea. Established ... Show more

Financial Statements of Industrial Bank of Korea

Below are the financial statements of Industrial Bank of Korea, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in billions of KRW	2024	2023
Interest income	18,954.86^a	18,364.06^a
Interest income on financial assets at fair value through profit or loss	396.48^a	287.69^a
Interest income on financial assets at fair value through other comprehensive income and at amortized cost	18,558.38^a	18,076.37^a
Interest expenses	-11,062.97^a	-10,437.49^a
Interest expense on finance instruments	-10,790.96^a	-10,161.98^a
Interest expense on insurance	-272.01^a	-275.52^a
Net interest income	7,891.89^a	7,926.56^a
Fee and commission income	863.66^a	852.25^a
Fee and commission expense	-391.61^a	-375.28^a
Net fee and commission income	472.06^a	476.97^a
Net gains on financial instruments at fair value through profit or loss	448.66^a	828.67^a
Net gains (losses) on financial instruments designated at fair value through profit or loss	-75.72^a	-63.05^a
Net gains (losses) on derivative financial instruments for hedge accounting	-133.62^a	8.28^a
Gains on disposal of financial assets at amortized cost	160.41^a	217.04^a
Net gains on financial assets at fair value through other comprehensive income	132.22^a	104.69^a
Insurance gains and losses	29.55^a	35.34^a
Insurance income	93.47^a	83.55^a
Insurance expense	-63.91^a	-48.21^a
Net gains on foreign currency transactions	269.58^a	132.16^a
Gross operating profit	9,195.03^a	9,666.66^a
Impairment losses on financial assets	-1,720.06^a	-2,076.15^a
Net operating profit	7,474.96^a	7,590.51^a
General and administrative expenses	-2,813.35^a	-2,685.6^a
Other operating income	328.77^a	196.34^a
Other operating expenses	-1,396.29^a	-1,668.97^a
Operating profit	3,594.09^a	3,432.28^a
Non-operating income (expenses)	-26.58^a	60.76^a
Profit before income tax	3,567.5^a	3,493.04^a
Income tax expense	-913.17^a	-817.85^a
Profit for the year	2,654.34^a	2,675.19^a
Profit attributable to	—	—
Owners of the parent	2,644.52^a	2,669.69^a
Non-controlling interests	9.81^a	5.5^a

Verified Sources Behind Industrial Bank of Korea’s Financial Fundamentals Data

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a. Industrial Bank of Korea's Annual Report 2024

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Industrial Bank of Korea

Financial Statements of Industrial Bank of Korea

Verified Sources Behind Industrial Bank of Korea’s Financial Fundamentals Data

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