April 25, 2024

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[THE INVESTOR] Woori Bank said on Oct. 26 its third-quarter net profit fell 21.2 percent from a year earlier due mainly to one-off costs.

Net profit came to 280 billion won (US$248 million) in the July-September period on a consolidated basis, compared to 355 billion won a year earlier, the lender said in a statement.

The bank attributed the fall in net profit to one-off outlays worth 300 billion won stemming from voluntary retirement programs for 1,012 employees.

Still, the bank said its net profit in the first nine months jumped to 1.37 trillion won, up 24.6 percent from a year earlier.

By Alex Lee and newswires (alexlee @heraldcorp.com)