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Toss Bank Suffers Losses in 2022 on Increased Loan-loss Reserves

Toss Bank Suffers Losses in 2022 on Increased Loan-loss Reserves

SEOUL, March 31 (Korea Bizwire) — Toss Bank, the country’s third internet-only banking firm, said Friday it suffered a loss last year due to increased loan-loss reserves. Toss Bank, which went into operation in October 2021, reported a net loss of 264.4 billion won (US$203.3 million) in 2022, the lender said in a statement. Toss [...]