Industrial Bank of Korea

As a result of IBK Industrial Bank of Korea (CEO Kim Seong-tae) continuously supporting small and medium-sized businesses and small business owners who are experiencing difficulties due to increasing internal and external uncertainties, the balance of loans to small and medium-sized enterprises in the third quarter of 2023 recorded KRW 231.7 trillion, an increase of KRW 11 trillion (5.0%) compared to the end of the previous year.

Thanks to solid loan growth, cumulative net profit on a consolidated basis in the third quarter of 2023 was KRW 2.122 trillion, up 10.3% from the same period last year, and net profit on a separate basis was KRW 8.9. It recorded KRW 1.8889 trillion, a % increase.

Also, despite sufficient additional provisions to preemptively secure loss absorption capacity in preparation for future risks, the credit cost ratio was 0.67. % is maintained at a stable level, and the NPL ratio and delinquency rate recorded 1.01% and 0.64%, respectively.