Woori Financial's Q3 Profit Exceeds W1 Trillion for Second Consecutive Quarter

Woori Financial Group has announced impressive financial results for the third quarter of 2026, marking its second consecutive quarter with profits exceeding 1 trillion won. The group's net profit for Q3 reached 1.05 trillion won, although this reflects a 15.7% decrease from the record profits of the same quarter last year.

For the first nine months of 2026, Woori Financial's cumulative net profit stands at 2.66 trillion won, driven by strong income growth. Excluding one-off gains from insurance acquisitions last year, the profit shows an 18.7% increase compared to the previous year.

The group's operating revenue also rose by 6.2% to a record 8.68 trillion won, supported by growth in both interest and noninterest income. Notably, quarterly interest income increased by 1.7% year-on-year to 2.38 trillion won, aided by a rise in corporate lending.

Woori Bank, the flagship subsidiary of the group, achieved a record quarterly net profit of 1.03 trillion won, up 22% from the previous quarter. The bank's cumulative net profit reached 2.4 trillion won, reflecting a robust performance.

Woori Financial's return on equity improved to 9.9% for the nine-month period, up from 9% in the first half of 2026. The board has also approved a dividend of 220 won per share for Q3, marking a 10% increase from the previous year. The company aims to continue enhancing shareholder returns as it focuses on high-quality assets.