Bindaein BNK Financial Chairman: "Thorough Management of Asset Soundness and Real Estate PF"
Chairman Bin Dae-in Emphasizes Proactive Asset Management
Dividend Increase and Share Repurchase Plans Announced
New Outside Director Appointed, Internal Control Committee Established
Bin Dae-in, Chairman of BNK Financial Group, stated at the BNK Financial Group Annual General Meeting held on the 26th, “The regional economy is facing unprecedented difficulties due to the prolonged economic downturn and increased loan burdens on self-employed individuals, requiring proactive and thorough asset soundness management.”
He continued, “We will strengthen monitoring of companies showing signs of insolvency and closely manage real estate project financing (PF), while enhancing fundamental competitiveness to improve profitability and cost efficiency, overcoming difficulties through sustainable growth.”
Regarding this year’s plans, Chairman Bin said, “Based on the corporate value enhancement plan announced last year, we plan to gradually increase the scale of dividends, share repurchases, and cancellations this year as well,” adding, “We will expand communication through active IR activities, including strengthening domestic and international NDR.”
Meanwhile, BNK Financial Group held its annual general meeting at the Busan Bank headquarters on the morning of the same day, approving last year’s financial statements and resolving cash dividends. BNK Financial Group’s net profit for last year was 728.5 billion KRW, an increase of 88.7 billion KRW compared to the previous year. The dividend per share was decided at 650 KRW (including an interim dividend of 200 KRW), up 140 KRW from 510 KRW the previous year.
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Due to amendments to the articles of incorporation, the existing interim dividend was changed to a quarterly dividend. An ‘Internal Control Committee’ was also newly established within the committee. Among the four outside directors whose terms expired, outside directors Lee Kwang-ju, Kim Byung-duk, and Jung Young-seok were reappointed (term of 1 year), while outside director Choi Kyung-soo retired. The new outside director appointed was Park Soo-yong, with a term of 2 years.
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