(Seoul=NSP NEWS AGENCY) = Toss Bank, an internet-only bank, recorded a net loss of 10.4 billion won in the second quarter of this year. Net loss was reduced by about one-third compared to the previous quarter. Toss Bank believes that it is possible to achieve a quarterly surplus in the third quarter.
According to Toss Bank’s second-quarter 2023 management disclosure on the 31st, Toss Bank’s net loss in the second quarter of this year was 10.4 billion won, the lowest ever.
As of the second quarter, the loan balance was 10.46 trillion won, surpassing 10 trillion won in just one year and nine months since its launch. It increased 2.4 times from 4.3 trillion won in the same period last year. The balance received was 21.5 trillion won.
The loan-deposit ratio was 50.43% as of the second quarter, exceeding 50% for the first time since launch. Toss Bank said, “We aim to launch monthly rent loans in early September and joint loans with local banks in the second half of the year, so the balance size and loan-deposit ratio are expected to further improve by strengthening the credit portfolio.”
In the second quarter, a total of 288.2 billion won was secured in loan loss provisions and the loan loss reserve ratio compared to NPL loans remained high at 228%.
ⓒNSP News Agency·NSP TV. All rights reserved.