The preliminary financial performance figures for Woori Financial Group for the nine-month period ended on September 30, 2023, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
Item
3Q 2023
2Q 2023
% Change
Increase
(Decrease)
3Q 2022
% Change
Increase
(Decrease)
Revenue*
Specified Quarter
9,885,945
10,842,271
(8.82
)
20,442,012
(51.64
)
Cumulative Basis
33,282,756
23,396,811
-
43,156,957
(22.88
)
Operating Income
Specified Quarter
1,223,455
895,438
36.63
1,270,552
(3.71
)
Cumulative Basis
3,370,893
2,147,438
-
3,702,665
(8.96
)
Income before
Specified Quarter
1,246,937
878,212
41.99
1,288,208
(3.20
)
Income Tax Expense
Cumulative Basis
3,395,470
2,148,533
-
3,756,119
(9.60
)
Net Income
Specified Quarter
918,220
667,190
37.62
933,385
(1.62
)
Cumulative Basis
2,532,032
1,613,812
-
2,792,689
(9.33
)
Profit to the Equity
Holders of the Parent Entity
Specified Quarter
899,409
625,190
43.86
899,811
(0.04
)
Cumulative Basis
2,438,285
1,538,876
-
2,661,745
(8.40
)
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.
*
Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).
The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Financial Group, for the nine-month period ended on September 30, 2023, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
Item
3Q 2023
2Q 2023
% Change
Increase
(Decrease)
3Q 2022
% Change
Increase
(Decrease)
Revenue*
Specified Quarter
8,815,613
9,783,362
(9.89
)
19,396,423
(54.55
)
Cumulative Basis
30,066,989
21,251,376
-
40,280,392
(25.36
)
Operating Income
Specified Quarter
1,086,742
815,341
33.29
1,107,783
(1.90
)
Cumulative Basis
3,043,487
1,956,745
-
3,092,172
(1.57
)
Income before
Specified Quarter
1,112,305
795,478
39.83
1,128,792
(1.46
)
Income Tax Expense
Cumulative Basis
3,063,454
1,951,149
-
3,169,012
(3.33
)
Net Income
Specified Quarter
820,111
612,768
33.84
823,034
(0.36
)
Cumulative Basis
2,298,012
1,477,901
-
2,381,821
(3.52
)
Profit to the Equity
Holders of the Parent Entity
Specified Quarter
817,801
610,260
34.01
819,075
(0.16
)
Cumulative Basis
2,289,774
1,471,973
-
2,373,541
(3.53
)
The above figures are prepared in accordance with Korean International Financial Reporting Standards. The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.
*
Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Woori Financial Group Inc. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 10:10:03 UTC.
Woori Financial Group Inc. is a financial holding company. The Companyâs main subsidiary companies include Woori Bank, WOORI FIS Co., Ltd., Woori Finance Research Institute, woori credit Information co., Ltd., Woori Private Equity Asset Management Company, Ltd and WOORI FUND SERVICE LIMITED., among others. Woori Bank provides deposits, loans, funds, foreign exchange transactions, payment guarantees, securities investment, trust investment, and credit card services. WOORI FIS Co., Ltd. provides computer system installation and development, software development, telecommunication equipment supply and maintenance services. Woori Finance Research Institute conducts research activities on management strategies and the financial industry. woori credit Information co., Ltd. is engaged in credit investigation and collection of bonds. WOORI FUND SERVICE LIMITED. is engaged in private equity investment.