South Korean banks saw their net profit rise 13.7 percent in the third quarter from a year earlier on reduced bad debt losses and increased interest income, the financial watchdog said Sunday.
The combined net income of 18 local banks stood at 1.7 trillion won (US$1.55 billion) in the July-September period, compared with 1.5 trillion won during the same period last year, according to the Financial Supervisory Service (FSS).