Internet banks 3 , 1quarterly share of lending to low- and mid-credit borrowers 30% or higher

The internet-only banks 3, KakaoBank, K Bank, and Toss Bank, 1also maintained the share of credit loans to low- and mid-credit borrowers at 30% or higher in the quarter. These figures were released based on disclosures by the Korea Federation of Banks. The disclosures compile and publish each bank’s share on a quarterly basis.

1For the quarter, 3on an average-balance basis over months, Toss Bank’s share of credit loans to low- and mid-credit borrowers was 34.7%. On the same basis, KakaoBank was recorded at 32.3%. The disclosures presented the figures based on average outstanding balances.

K Bank’s share on an outstanding-balance basis was 31.9%. K Bank’s share of credit loans to low- and mid-credit borrowers has been gradually declining. In the previous 2024 year, 4the outstanding-balance basis for the quarter was 35.3%.

By new lending, KakaoBank’s share of credit loans to borrowers with mid- to low credit ratings was 45.6%3, the highest among internet-only banks. The new-lending basis separately tallies the share of loans newly issued. The disclosures reported figures separately on an outstanding-balance basis and a new-lending basis.

The figures disclosed this time 22day are based on a disclosure by the Korea Federation of Banks. The disclosure document lists items such as outstanding balances and new lending separately. Internet-only banks disclose these items quarterly.

In the disclosure, 3all banks included items related to borrowers with mid- to low credit ratings. Toss Bank had a relatively high share on an outstanding-balance basis. K Bank’s share on an outstanding-balance basis was lower than in the previous quarter.