Toss Bank said on the 31st that it posted a net profit of 58.9 billion won in the first half of this year. That is up 46% from the same period last year (40.4 billion won) and is its best first-half performance.
As of the end of the first half, Toss Bank had 15.66 million total customers, up 21% from a year earlier (12.92 million). As of mid-Aug., it surpassed 16 million.
As of the end of the first half this year, the loan balance stood at 15.6373 trillion won, up 3.3% from a year earlier.
The balance of jeonse and wolse deposit loans rose 47% to 4.5064 trillion won from a year earlier (3.0701 trillion won). Among all jeonse and wolse loans supplied, loans for youth, multi-child households, and credit-recovery borrowers accounted for 44%.
Inclusive finance for low-income households reached a cumulative supply of 1 trillion won. Including inclusive finance for low-income households and mid-rate products such as Sunshine Loan and Saitdol, Toss Bank supplied 490 billion won in inclusive finance for low-income households in the second quarter.
Among total loans, the share of guaranteed outstanding loan balance came to 39.5%, compared with 29.0% a year earlier, establishing a structure that supplies stable funds while proactively strengthening asset soundness.
As of the end of the first half, deposits totaled 27.0757 trillion won. New Toss Bank accounts opened in the first half rose 42% from a year earlier to 1.3 million, and the Kids Account surpassed 1.18 million youth customers ages 0–16, up 44% from a year earlier.
Non-interest income in the first half was -3.5 billion won, sharply narrowing the deficit from a year earlier (-27 billion won).
Toss Bank's overall delinquency rate was 1.05%, down 0.15 percentage points from a year earlier.
The nonperforming loan (NPL) ratio was 0.91%, down 0.07 percentage points from a year earlier (0.98%), and the loan-loss provision coverage ratio rose 27.76 percentage points to 315.59% from a year earlier (287.83%). The BIS total capital ratio also stood at 16.64%.