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RETAIL BANKING | Cesar Tordesillas, Korea
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S. Korean banks' net down 4.1% in Q3

Blame it on shrinking interest income.

This caused the combined earnings of 18 South Korean banks to to 2.0 trillion won or US$1.82 billion in the

July-September period from 2.1 trillion won in the previous quarter.

This is 4.1 percent less compared to their earnings from three months earlier.

Their interest income shrank after the central bank's rate cuts.

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