Okay-Financial institution’s headquarter in Seoul / Courtesy of Okay-Financial institution
Korean internet-only lender Okay-Financial institution mentioned Tuesday its web revenue rose by 10 occasions final yr from a yr earlier on a rise in each curiosity and non-interest revenue.
Internet revenue got here to 128 billion gained ($87.7 million) final yr, in contrast with a web revenue of 12.8 billion gained a yr earlier, the financial institution mentioned.
Its curiosity revenue stood at 482 billion gained final yr, up 6.9 p.c from a yr earlier, with non-interest revenue tallied at 61.3 billion gained, additionally up 81.4 p.c over the cited interval.
As of end-December, its prospects had totaled 12.74 million, up 3.21 million from a yr in the past, and its deposits and excellent loans had stood at 28.57 trillion gained and 16.27 trillion gained, respectively, up 49.8 p.c and 17.6 p.c from a yr in the past. (Yonhap)
