Kakao Bank has reported a net profit of over 130 billion won in Q1 of 2021, a 23.6% increase from the same period last year. The bank gained over 500,000 new customers in the first quarter, with the balance of deposits surpassing 60 trillion won. The increase in profitability is attributed to the growth in customer numbers, the expansion in the balance of deposits, and the increase in non-interest income, including investment banking assets and fee-based platform revenue.
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Auto-posted at: 2025-05-07 21:02:53