South Korea’s three internet-only banks—KakaoBank, K Bank, and Toss Bank—each surpassed the 30% regulatory target for mid- and low-credit lending in Q3, with Toss Bank leading at 43.7% of new loans, reflecting ongoing efforts to expand inclusive finance and enhance credit assessment systems.
#YonhapInfomax #InternetOnlyBanks #KakaoBank #TossBank #MidLowCreditLoans #FinancialRegulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=93112
All Three Internet-Only Banks Surpass Mid- to Low-Credit Lending Targets in Q3
South Korea’s three internet-only banks—KakaoBank, K Bank, and Toss Bank—each surpassed the 30% regulatory target for mid- and low-credit lending in Q3, with Toss Bank leading at 43.7% of new loans, reflecting ongoing efforts to expand inclusive finance and enhance credit assessment systems.
South Korea’s internet-only banks surpassed Q2 targets for lending to mid- and low-credit borrowers, with Toss Bank’s new loans exceeding 50% and all three banks showing marked improvements under stricter regulatory requirements.
#YonhapInfomax #InternetOnlyBanks #TossBank #MidLowCreditLoans #FinancialServicesCommission #LoanProportion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=78276
Internet-Only Banks Hit Q2 Lending Targets for Mid- and Low-Credit Borrowers—Toss Bank’s New Loans Surpass 50%
South Korea’s internet-only banks surpassed Q2 targets for lending to mid- and low-credit borrowers, with Toss Bank’s new loans exceeding 50% and all three banks showing marked improvements under stricter regulatory requirements.
K-Bank missed its Q1 target for new loans to mid- and low-credit borrowers at 26.3%, while KakaoBank and Toss Bank surpassed 30%; all three banks exceeded 30% on an average balance basis, with K-Bank leading at 35%.
#YonhapInfomax #KBank #MidLowCreditLoans #KakaoBank #TossBank #LoanRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=64643
K-Bank Misses Q1 Target for New Loans to Mid- and Low-Credit Borrowers at 26%—Average Balance Ratio Reaches 35%
K-Bank missed its Q1 target for new loans to mid- and low-credit borrowers at 26.3%, while KakaoBank and Toss Bank surpassed 30%; all three banks exceeded 30% on an average balance basis, with K-Bank leading at 35%.
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