Kakao Bank Logs Record Earnings on Rise in Interest, Non-Interest Income
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4 Articles
(Seoul = Yonhap News) Reporter Chae Sae-rom = Kakao Bank [323410] recorded a cumulative net profit of 469.8 billion won for the third quarter, up 25.2% from the same period last year...
Kakao Bank's net profit for the third quarter was 141.7 billion won, up 27.2% from the same period last year. Balanced growth in interest and platform revenue drove the performance, and deposit balances surpassed 70 trillion won for the first time. The number of customers and active users also hit all-time highs, demonstrating a sound profit structure.
[Digital Daily Reporter Lee Ho-yeon] Kakao Bank announced on the 4th that its cumulative net profit for the third quarter reached 469.8 billion won, a 25.2% increase compared to the same period last year. This marks an all-time high. Net profit for the third quarter was 141.7 billion won, a 27.2% increase over the same period. Kakao Bank explained, "This is the result of expanded lending centered on small business owners and end-users, diversi…
Kakao Bank logs record earnings on rise in interest, non-interest income
SEOUL, Nov. 4 (Yonhap) -- Leading online lender Kakao Bank said Wednesday it posted record earnings in the first nine months of the year due to a rise in both interest and non-interest income.Net profit during the January-September period rose 25.2 p
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