Bank K's Revenue Declined, Attributed to Increased Virtual Asset Interest Rates

Internet Professional Bank K Bank’s net profit decreased by more than 10% last year. This was mainly due to the increase in virtual asset deposit interest rates.

K Bank announced on the 23rd that its net profit for 2025 was 112.6 billion won, a 12.1% decrease year-on-year. The primary reason was a 7.8% decline in interest income, caused by rising virtual asset deposit rates starting mid-2024, which led to reduced interest earnings.

Despite this, non-interest income reached 113.3 billion won, an increase of about 40%. Contributions came from bond sale gains, money market fund (MMF) management income, and platform advertising revenue. The growth in non-interest income indicates a diversification of K Bank’s revenue structure.

On the other hand, as of the end of last year, K Bank’s deposit balance was 28.43 trillion won, a slight decrease. Analysts believe this was influenced by a shrinking asset market and reduced virtual asset deposits. However, loan balances increased to 18.38 trillion won, a 13% year-on-year growth, especially with a sharp rise in loans to individual businesses. The proportion of medium- and low-credit loans also exceeded regulatory standards, reaching 33.7%.

Moving forward, K Bank plans to expand its customer base and strengthen growth in areas such as platform services, corporate loans, artificial intelligence (AI), and digital assets. The bank’s president emphasized that these efforts will serve as a new leap for K Bank. This trend could become a crucial turning point for how K Bank establishes itself in the digital financial market.