On April 18, 2002, Kookmin Bank has released earnings for the first quarter of 2002. The following is the copy of press release.
■ Press release
Kookmin Bank presents the bottom-line results for the month ended March 31, 2002 as follows:
• In the first quarter 2002, the net income rose 43.4% yoy (pro forma net income of 468.8 billion Won for the first quarter 2001) to 672.2 billion Won.
• Income before provisions is up 14.5% yoy (pro forma income before provisions of 1,043.9 billion Won in the first quarter of 2001) to 1,195.6 billion Won.
• Interest income and non-interest income were reported at 1,043.0 billion Won and 688.8 billion Won, respectively.
• Loan loss provision for the quarter was 219.9 billion Won.