Seoul: Online lender Kakao Bank announced on Wednesday that its net profit for the third quarter soared by over 30 percent from the previous year, fueled by increased interest income and a growing customer base. The bank's net profit reached 124 billion won (US$89.9 million) in the July-September period, marking a 30.1 percent rise compared to the same period last year, as stated in a regulatory filing.According to Yonhap News Agency, the third-quarter earnings represent the highest on record for Kakao Bank. The operating profit also showed a significant increase, surging 36.2 percent year-on-year to 174 billion won during the reported period. Additionally, revenues climbed by 14 percent year-on-year to 746 billion won. The company credited this substantial growth to a steady rise in interest income and an expansion in its customer base.In the third quarter, Kakao Bank's interest income amounted to 611 billion won, reflecting a 14 percent increase from the previous year. For the first nine months of the y ear, the company's net profit jumped 27.3 percent year-on-year to a record high of 356 billion won, with interest income also surging by 20.9 percent to 1.79 trillion won during the same timeframe. The bank reported that as of the end of September, its customer count had risen to 24.43 million, an increase of 2.15 million from the previous year.
- October 12, 2026
