[Concall] Kim Ki-hong, JB Financial Group Chairman, "Next Year's Net Profit Target 655 Billion Won"
Kim Ki-hong, Chairman of JB Financial Group, stated during the Q4 earnings conference call on the 6th that “the net profit target for 2024 has been set at 655 billion KRW.” He added, “From this year, the board of directors has made a final decision to start quarterly dividends.” Regarding the scale of the quarterly dividends, he said, “Since an interim dividend of 20 billion KRW was paid last year, it will be increased to three times, resulting in dividends totaling 60 billion KRW.”
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Chairman Kim cited last year’s equity investments in Finda and Hanpass as examples, stating that strategic partnerships with domestic and international fintech companies will be secured as new growth engines for the group. He continued, “We will strive to launch joint products with Toss Bank and Gwangju Bank within the first half of this year.” Regarding the impact of these product launches, he emphasized, “We expect the loan amount to be 50 billion KRW per month and 600 billion KRW annually, which will significantly contribute to the group’s profits.”
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