Seoul: Leading online lender Kakao Bank reported record earnings in the first half of 2025, driven by increased non-interest income. Net profit rose 14 percent from a year earlier to 263.7 billion won (US$190.03 million) during the January-June period, marking the company's highest net profit for the six-month period.
According to Yonhap News Agency, in the second quarter alone, Kakao Bank's net profit grew 5.1 percent on-year to 126.3 billion won. The company attributed this earnings growth to a steady rise in non-interest income, which surged 30.4 percent on-year to 562.6 billion won. Despite this growth, interest income declined 2 percent to 999.9 billion won due to the ongoing monetary easing cycle.
"Continuous customer inflow and increased traffic led to balanced growth," a company official stated. As of the end of June, the number of the bank's customers stood at 25.86 million, an increase from 25.45 million three months earlier, with monthly active users reaching 19.9 million.