KakaoBank posted a net income of 440.1 billion won last year, setting a record high performance.
On the 5th, KakaoBank noted through its '2024 business performance announcement' that last year's net income was 440.1 billion won, a 24% increase compared to the same period the previous year. Operating profit rose to 606.9 billion won, up 26.8% over the same period.
In the fourth quarter, operating profit and net income were recorded at 115 billion won and 84.5 billion won, respectively. The net interest margin (NIM) was recorded at 2.15%, and the cost-to-income ratio (CIR) improved to 36.4%. The delinquency rate at the end of the fourth quarter was 0.52%.
Meanwhile, KakaoBank's board of directors resolved to set the dividend per share at 360 won. The total dividend amount increased to 171.5 billion won, more than double compared to the previous year, resulting in a total shareholder return rate of 39%.
As of the end of last year, KakaoBank had 24.88 million customers, with 2.04 million new customers acquired over the year. Monthly Active Users (MAU) reached 18.9 million, while Weekly Active Users (WAU) recorded 13.6 million, achieving the highest traffic ever.