April 26, 2024
Mobile & Internet
K-Bank will make profits in 2020: CEO
[THE INVESTOR] K-Bank, South Korea’s first internet-only bank, aims to report its first annual profit in 2020, the bank’s chief executive said on April 5.
Shim Sung-hoon, CEO of K-Bank, said the bank is targeting to attract 400,000 active customers by the end of this year with deposits worth 500 billion won (US$445 million).
“Given the current situation on interest rates, I think that we could generate profits in 2020,” Shim told Yonhap News Agency in an interview.
Shim said the bank is reviewing plans to launch a credit card business “as early as possible.”
In just two days since launching operations on April 4, K-Bank, formed by a consortium of KT, Woori Bank and 19 other companies, attracted more than 60,000 accounts.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Shim Sung-hoon, CEO of K-Bank, said the bank is targeting to attract 400,000 active customers by the end of this year with deposits worth 500 billion won (US$445 million).
“Given the current situation on interest rates, I think that we could generate profits in 2020,” Shim told Yonhap News Agency in an interview.
Shim said the bank is reviewing plans to launch a credit card business “as early as possible.”
In just two days since launching operations on April 4, K-Bank, formed by a consortium of KT, Woori Bank and 19 other companies, attracted more than 60,000 accounts.
By Alex Lee and newswires (alexlee@heraldcorp.com)
