NongHyup Financial Achieves Record Profit, Announces First Ever Interim Dividend of 333 Billion KRW

Interim Dividend Amount at Approximately 19.2% of Last Year's Net Profit

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Financial, which achieved the highest profit in history in the first half of this year, has decided on its first interim dividend since its launch.

According to the financial sector on the 26th, Nonghyup Financial Holdings held a board meeting the day before and decided on an interim dividend of 333 billion KRW. The dividend payout ratio is 19.2%, and the dividend recipient is the Nonghyup Central Association.

Considering the year-end dividend of 347 billion KRW conducted in March this year, the total dividend amount is 680 billion KRW, which is 39.2% of last year's profit.

Although financial authorities recommended limiting financial holding companies' dividends to 20% of net profit until the end of June this year, the recommendation period has already ended, and Nonghyup Financial's first half performance and capital ratio are favorable, so it is interpreted that the interim dividend was decided this time.

Nonghyup Financial's net profit in the first half of this year was 1.28 trillion KRW, marking the highest record ever.

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