Best Domestic Commercial Bank Housing Commercial Bank
At one end of Korea's banking sector you have total basket cases, and at the other you have, well, Housing Commercial Bank. HCB is a bank whose financials speak volumes. Its operating income rose 258% due to increases in interest income 46% and fee income 42%. After introducing a new credit scoring system, loan growth was up 30% - mostly in the consumer sector. As at the end of March its return on equity was 24.22%, while its main lending is to consumers and small and medium-sized enterprises.
HCB's biggest exposure is to LG, to...