Kakao Bank reported a net profit of 137.4 billion won in Q1 2021, a 23.6% increase from the same period last year. The bank attracted over 500,000 new customers in the first quarter, pushing the balance of deposits over 60 trillion won. Despite a slight decrease in interest income due to falling market interest rates, the bank’s performance was boosted by a significant increase in non-interest income, including investment banking assets and fee-based platform revenue.
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Auto-posted at: 2025-05-07 21:01:14