BNK Financial Group Reports Fourth-Quarter Loss

SEOUL—BNK Financial Group Inc. disclosed a net loss of 18.7 billion won ($14 million) for the fourth quarter, a downturn from the profit of 58 billion won reported in the same period a year earlier. The company, in a regulatory filing on Monday, also revealed an operating loss of 67.7 billion won for the October-December period, in contrast to the profit of 90.4 billion won achieved a year ago. However, revenue saw a 30.6 percent increase, reaching 2.42 trillion won.

According to Yonhap News Agency, this financial performance marks a significant reversal from the previous year's profitability, highlighting the challenges faced by the financial group in the latter part of the year.

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