Domestic Banks' Overseas Branches Improve Performance, Surpassing $1.6 Billion Driven by Interest Income

Last year, the performance of domestic banks' overseas branches slightly improved, driven by increased interest income, with the trend of expanding overseas operations continuing as the number of branches also grew. According to the Financial Supervisory Service, net profit reached $1.651 billion, a 2.3% increase from the previous year, largely due to a $162 million rise in interest income. However, non-interest income decreased, highlighting a continued reliance on interest-based profits.

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