SEOUL, May 20 (Korea Bizwire) — Internet-only K-Bank is again seeking to go public after previously delaying or nixing its initial public offering (IPO) plans on three occasions, industry sources said Tuesday. In October, the company said it would postpone its IPO till early this year, citing low demand from investors. In January, the bank [...]
SEOUL, Aug. 14 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, reported Monday that its second-quarter net income dropped 31 percent from a year earlier on increased loan-loss reserves. Net income stood at 14.7 billion won (US$11 million) in the April-June period, compared with a net profit of 21.3 billion won a year earlier, [...]
SEOUL, March 2 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, reported Thursday that its net income in 2022 nearly quadrupled to a record high thanks to a spike in interest income. K-Bank’s net income came to 83.6 billion won (US$64 million) last year, up from a net profit of 22.5 billion won reported [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean online lender K-Bank said Monday its net profit hit a record high in the third quarter on higher operational efficiency and stayed in the black for five straight quarters. Net profit stood at 25.6 billion won (US$18.2 million) in the July-September period, up 52.4 percent from a [...]
SEOUL, Aug. 16 (Korea Bizwire) — South Korean online lender K-Bank said Tuesday it posted the strongest performance for any first half on increased interest revenue. K-Bank’s first-half net income stood at 45.7 billion won (US$34.9 million), far beyond the 22.5 billion won annual net profit of last year and marking the highest first-half earnings [...]
SEOUL, May 16 (Korea Bizwire) — South Korean online lender K-Bank said Monday its earnings shot up in the first quarter of the year on the back of a jump in interest income. Net profit stood at 24.5 billion won (US$19.1 million) in the January-March period, higher than its net income of 22.5 billion won [...]
SEOUL, April 6 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, said Wednesday that it garnered more than 7.5 million customers in five years of its launch thanks to a steep increase in mid- and low-credit loans and the rising popularity of mobile banking. K-Bank has enjoyed brisk business growth in the recent years, [...]
SEOUL, Feb. 3 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, on Thursday reported its first profit since its launch in 2017 thanks to a sharp increase in customers and interest income. Net profit came to 22.4 billion won (US$18.6 million) in 2021, a turnaround from a loss of 105.4 billion won a year [...]
SEOUL, Jan. 7 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, said Friday it has begun the process of an initial public offering (IPO) as part of efforts to raise funds to strengthen its foothold as a major digital financial platform. K-Bank sent a request for proposal to local and foreign securities firms earlier [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korean internet-only banks said Tuesday their third-quarter profits sharply increased on robust growth in customers and deposits. K-Bank, controlled by a consortium of telecom giant KT Corp., Woori Bank and 19 other companies, saw its third-quarter earnings more than double from three months earlier. Net profit came to [...]