KakaoBank recorded the highest productivity among internet-only banks in the first quarter this year.
According to each bank's management disclosures on the 17th, first-quarter profit before provision per employee at the three internet-only banks averaged 1.58 billion won. By bank, KakaoBank's profit per employee was 1.78 billion won, up 19.5% from 1.49 billion won in the first quarter last year. Toss (Viva Republica) fell to 1.67 billion won from 2.17 billion won in the same period, while Kbank rose to 1.3 billion won from 1.2 billion won.
KakaoBank's domestic headcount increased to 1,803 in the first quarter this year from 1,666 in the first quarter last year. Toss rose to 810 from 700 in the same period, and Kbank increased to 642 from 604.
At the five major domestic banks (KB Kookmin, Shinhan, Hana, Woori, NH NongHyup Bank), first-quarter profit per employee averaged 920 million won, the same level as the first quarter last year. By bank, Hana Bank was highest at 1.2 billion won, followed by Shinhan Bank (1.13 billion won), KB Kookmin Bank (900 million won), NH NongHyup Bank (700 million won), and Woori Bank (670 million won).
Because commercial banks have more than 10,000 employees, profit per employee is measured relatively lower than at internet-only banks.