NH Investment & Securities Posts Record Quarterly Net Profit of 283.1 Billion Won in Q3

NH Investment & Securities announced on October 30 that it achieved record-high quarterly results in the third quarter of this year, posting an operating profit of 391.3 billion won and a net profit of 283.1 billion won. These figures represent a significant increase of 108% and 84%, respectively, compared to the same period last year. On a cumulative basis for this year, the company recorded an operating profit of 1.0023 trillion won and a net profit of 748.1 billion won, up 37% and 30%, respectively, year-on-year.

The domestic stock market surpassed the KOSPI 4000-point mark, leading to continued inflows of funds into domestic equities. Overseas committed capital and entrusted assets also saw substantial growth, resulting in brokerage commission income reaching 169.9 billion won. Sales of investment-type products such as funds and wrap accounts expanded, pushing financial product sales commission income up to 35.9 billion won. The company’s strategy to strengthen digital channels led to visible, record-high results, with entrusted assets through digital channels reaching 6.03 trillion won and an average of 2.06 million monthly users.

The company’s ongoing focus on strengthening its investment banking (IB) competitiveness was reflected in fee income of 99.3 billion won. In particular, NH Investment & Securities topped various league tables on a cumulative basis for the third quarter, ranking first in rights offering management, second in IPO management, second in corporate bond lead management, and first in financial bond lead management. An NH Investment & Securities official explained, "Major deals across various sectors, such as large-scale rights offerings for Hanwha Aerospace and POSCO Future M, corporate bond issuances for Meritz Financial Group and Samsung Heavy Industries, acquisition financing for SK Shipping, and project financing for the Hannam-dong Senior Residence development, contributed to our strong performance."

Although bond yields generally rose, the company managed to protect its earnings through appropriate asset management, with investment income and related interest income totaling 304.7 billion won. The company added that ongoing improvements to its asset management processes and the advancement of its monitoring systems have had a positive impact on stabilizing earnings.

An NH Investment & Securities representative stated, "Building on this quarter’s record performance, we are steadily executing company-wide strategies such as digital innovation, strengthening premium wealth management, advancing our digital platform, enhancing IB business competitiveness, and improving profitability in the asset management division." The representative added, "We plan to continue achieving our management goals of enhancing shareholder value and sustainable growth by creating synergies between business divisions and implementing our value-up strategy."

This content was produced with the assistance of AI translation services.