IBK Q1 2026: Net profit down, but solid fundamentals and enhanced shareholder return

Consolidated net profit KRW 753.4bn (down 7.5% YoY), standalone KRW 666.3bn (down 12.4%), affected by FX losses.
BIS ratio 14.93% (up from 14.78% year-end), CET1 ratio 11.51%. NPL ratio stable at 1.28%, credit cost ratio 0.43%.
SME loan balance KRW 264.2tn, market share 24.4% (record high). LCR 104.35% (above 100% requirement).
Quarterly dividend introduced: record date July 31, 2026; amount to be decided by board in July. Articles of incorporation amended.
Issued KRW 700bn hybrid securities (contingent convertible perpetual, 5yr call) on Feb 2, 2026 for capital strengthening.
Obtained final approval to establish Vietnam subsidiary; Poland subsidiary commenced operations (IBK Poland net loss KRW 2.9bn in Q1).
Ongoing regular wage lawsuits (claim ~KRW 77.6bn, remanded after loss in first trial); second lawsuit also in progress. Limited financial impact expected.