Woori Financial Group Inc. (WF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So good afternoon. I am Han Hong-sung, head of IR at Ui Financial Group. Let me first begin by thanking everyone for taking time to participate in this earnings call for Ui Financial Group. On today's call, we have the group CFO, Lee Sung-wook, group CDO, Oh Gil-jin, and the group's risk management division senior general manager, Park Yeon-ho, on the call. On today's call, the Group CFO, Lee Seong-wook, will give a presentation on the earnings performance, after which we will have a Q&A session. Please note that the earnings call is being conducted with simultaneous interpretation for our overseas investors. Now let us start our presentation on URI Financial Group's earnings for the third quarter of 2025. Good afternoon. This is Lee Seong-wook, the CFO of Woorie Financial Group. Let me go over the third quarter performance for 2025. I do have a cold, so please understand if my voice is a bit rough, and please turn to page three of the presentation material that has been disclosed on our website. First, let me discuss net income. Woorie Financial Group's year-to-date net income as of the third quarter end was up by 5.1% to $2,796.4 billion, which was a YOY increase, as mentioned before, of 5.1%. Net income in the third quarter alone was $1,244.4 billion, representing a significant increase of $300 billion one quarter on quarter. Amid uncertain internal and external conditions, including the exchange rate and outcome of tariff negotiations, This net income was the result of balanced growth between our interest and uninterest income and the contribution from the insurance acquisition. In particular, due to continuous efforts to rebalance assets and optimize funding and investments, our NIM improved for the third consecutive quarter. Stronger marketing capabilities from...