Six Korean banks join world's top 100 in 2012

SEOUL, July 7 (Yonhap) -- Six South Korean banks were included on the list of the world's 100 largest lenders in terms of core capital and assets last year, the central bank said Sunday.

South Korea's top lender KB Financial Group Inc. ranked 68th in 2012, up from 72nd the previous year and marked the highest ranking among Korean lenders, the Bank of Korea (BOK) said in a report based on the July edition of the magazine The Banker.

KDB Financial Group Inc. placed 69th last year, compared with 71st the previous year.

Woori Finance Holdings Co. saw its ranking rise to 72nd from 74th over the cited period. Its rival Shinhan Financial Group rose six notches to 73rd, the report said.

Hana Financial Group Inc., which merged with Korea Exchange Bank last year, rose to 81st from 101st over the cited period, and Nonghyup Financial Group Inc. also saw its standing rise to 83rd from 98th, it showed.

The financial magazine said South Korean lenders saw their global standings improve last year on the back of an increase in value of core capital and assets in tandem with the local currency's rise versus the U.S. dollar.

In terms of assets, Woori Finance ranked 79th, followed by Shinhan at 86th, Hana at 87th, KB Financial at 88th and Nonghyup at 95th, the report showed.

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