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| ▲ The corporate logo of K-Bank is seen in this image provided by the company. (PHOTO NOT FOR SALE) (Yonhap) |
K-Bank-Q3 earnings
K-Bank's Q3 net nearly triples on interest income
SEOUL, Nov. 13 (Yonhap) -- South Korean internet-only lender K-Bank said Wednesday its net profit nearly tripled from a year earlier in the third quarter on a sharp increase in both interest and non-interest income.
Net income came to 37 billion won (US$26.3 million) in the July-September period, up 181 percent from a year earlier, the bank said.
In the first three quarters of the year, its net profit stood at 122 billion won, according to the bank.
Its interest income for the January-September period stood at 107 billion won, with non-interest income tallied at 12 billion won.
As of end-September, its customers totaled 12 million and its deposits and outstanding loans stood at 22 trillion won and 16.2 trillion won, respectively, up 27 percent and 26 percent from a year ago.
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