(Bloomberg) -- Kookmin Bank, South Korea's largest by assets, reported record first-quarter profit on gains from its sale of a stake in credit card firm LG Card Co.
Net income rose 47 percent to 1.18 trillion won ($1.27 billion) from 803 billion won a year earlier, the Seoul-based bank said in a regulatory filing today. Operating profit increased 51 percent to 1.63 trillion won from a revised 1.08 trillion won.
Read more at Bloomberg Emerging Markets News
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