Korea Exchange Bank Q3 net earnings down almost 22 pct

SEOUL, Nov. 5 (Yonhap) -- The Korea Exchange Bank, controlled by U.S. investment
fund Lone Star Funds, said Wednesday that its third-quarter earnings dropped more
than 22 percent from a year earlier.
Its net profit reached 151 billion won (US$119 million) in the July-September
period, compared with 194 billion won a year earlier, the lender said in a
regulatory filing.
Revenues almost tripled to 6.08 trillion won over the cited period, while
operating income dropped 31 percent to 175 billion won, it said.
Its cumulative profit in the first nine months of the year fell 6.4 percent to
665 billion won, it said.
Its capital adequacy ratio stood at 10.6 percent at the end of September, and its
bad loan ratio stood at 0.69 percent.
sam@yna.co.kr
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