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Banks seek to pay interim dividends following earnings surprise


Banks seek to pay interim dividends following earnings surprise
Posted : 2021-04-25 16:06
Updated : 2021-04-25 17:02
Seen above are headquarters of Korea s four major financial holding firms including KB, Shinhan, Hana and Woori. Courtesy of each firm
By Park Jae-hyuk
The nation s four major financial holding companies expressed their intentions last week to pay interim dividends to shareholders this year following better-than-expected quarterly earnings.
The move is widely viewed as an effort to win back investors who were disappointed by the relatively low dividend payments last year. Domestic financial firms were forced by regulators last year to cut their dividends ratio to below 20 percent to bolster their financial soundness amid the COVID-19 pandemic ....

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Shinhan Financial Group Co, Ltd. (SHG) Q1 2021 Earnings Call Transcript


Head of Investor Relations
Greetings. I am Park Cheol Woo, in charge of IR. It is now April with beautiful spring weather. Thank you, everyone, for participating in today s earnings release.
And from now on, we will begin the 2021 Q1 business results presentation. From this quarter s earnings release, we are holding it earlier in the day so that the market can analyze our performance in more detail. We would like to ask institutional investors and individual investors for your keen interest.
We have here with us at the earnings presentation our CFO, Roh Yong-Hoon; CMO, Heo Young-Taeg; CSSO, Park Sung-Hyun; and CRO, Bang Dong-Kwon. First, CFO, Roh Yong-Hoon, will walk us through the 2021 Q1 business results and then engage in a Q&A session with you. ....

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South Korea banks slash dividends despite record-high 2020 profits


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Four out of five major banking groups in the country have so far posted or are expected to release record-high annual net-profits last year. THE KOREA HERALD
South Korea banks slash dividends despite record-high 2020 profits
Wed, 10 February 2021
South Korean banking groups have posted record-high net profits for fiscal year 2020, but their dividend payouts have been reduced by roughly six percentage points upon advice from the country’s regulator, according to industry data.
Four out of five major banking groups in the country have so far posted or are expected to release record-high annual net-profits last year, buoyed by an increase in loans and the heated stock market. ....

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