Solid capitalization but moderately weaker asset quality In terms of asset quality, the NPL ratio rose 6bp YoY and remained very low at c.0.4%. The impairment loan coverage ratio also decreased 28ppt YoY to 128.9% at end-1H26. The asset quality deterioration was mainly driven by the corporate exposure associated with JoongAng Group's rehabilitation filing, which we view as a one-off based on our equity team's analysis (please see One-off provisions weigh on earnings; new value-up plan supports shareholder r ...