The South Korean provider has seen its structured products issuance and sales falling by 8.6% and 36%, respectively, in the first three quarters of 2020 year-on-year.
The subsidiary of KB Financial Group has posted a net profit of KRW209.7 billion (US$230m) during the quarter ended on 30 September, up 39.6% quarter-on-quarter (QoQ), which leads to an accumulative net profit of KRW338.5 billion this year – a 60.5% increase from the first three quarters last year. The South Korean financial services firm sold 1,931 products worth an estimated US$9.4 billion during the first three quarters of 2019 compared to 1,778 products marketed during the same period
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