Intel Secures $8.5 Billion in New Funding Amidst Strategic Revamp and Government Support 
Wizards of the Coast Balances High-Level Play in Final 5th Edition Dungeons & Dragons Campaign 
Standard Chartered Joins China's Digital Yuan Trials, Eyes Cross-Border Payments 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Elon Musk’s X Money Launch Set to Revolutionize Digital Payments and Dominate 2025’s Fintech World 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Mastercard's Shopping Muse: A New Era in AI-Driven E-commerce Personalization 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
K Bank's Q2 net profit soared 41.4% quarter-over-quarter to $11 million, marking its ninth consecutive profitable quarter, but witnessed a 31% year-on-year decline. Expanded operations and a diversified loan portfolio drove this performance.
Examining the key factors behind this exceptional performance, K Bank attributed its success to expanded business operations and a diversified loan portfolio. The number of customers also witnessed a notable increase, reaching 8.9 million by the end of Q2, reflecting a rise of 190,000 from the previous quarter's 8.71 million.
A closer look at K Bank's financials reveals a 4.4 percent boost in outstanding loan balance, which rose to 17.3 trillion won, and a 6.1 percent increase in the deposit balance, reaching 12.6 trillion won during the same period.
The bank attributes its remarkable loan growth to its apartment-exclusive mortgage loan products, benefiting from its competitive advantage in interest rate cuts. Notably, K Bank attracted 900 billion won worth of new apartment-exclusive mortgage loans during Q2, resulting in housing collateral loans now constituting 29.1 percent of the bank's loan portfolio, a significant increase from the 21.3 percent share observed at the end of last year.
The bank's interest profit witnessed a year-on-year increase of 19.9 percent, reaching 106.8 billion won in Q2. Additionally, the bank's non-interest profit more than tripled, amounting to 7.4 billion won compared to the same quarter last year.
Highlighting the bank's strategic focus during the second quarter, CEO Suh Ho-sung emphasized its efforts in diversifying its revenue structure through substantial growth in stable housing mortgage loans. The bank aims to promote inclusive finance by expanding loans for individuals with low- and medium-credit ratings. To augment its service offerings, K Bank plans to introduce new services such as vehicle loans and group savings accounts, positioning itself as a bank that grows with its customers.
Despite these impressive results, K-Bank reported a 31 percent drop in net income for Q2 compared to last year's corresponding period. This decline was primarily attributed to increased loan-loss reserves.
Photo: ldensity67/Pixabay
