Hana Financial Q3 net up 7.9% on rise in interest, non-interest income

Hana Financial Group Inc. on Friday reported a rise in net profit in the third quarter of the year, driven by a rise in interest and non-interest income. The banking group said it racked up a net profit of 1.22 trillion won ($919 million) in the July-September period, up 7.86 percent from a year earlier. The earnings are higher than market expectations. The average estimate of net profit by analysts stood at 1.21 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Hana Financial posted 1.63 trillion won in operating profit for the quarter, compared with 1.48 trillion won a year ago. Revenue also rose 83.6 percent to 19.99 trillion won. In the first nine months of the year, Hana racked up 3.62 trillion won in net profit, up 5.56 percent on-year, marking the highest ever. Hana Financial posted an interest income of 7.48 trillion won in the January-September period, up 10.37 percent on-year, and its commission income spiked 29.8 percent to 2.14 trillion won over the cited period. Its flagship Hana Bank reaped a net profit of 1.19 trillion won