IBK Industrial Bank's Net Profit Last Year 2.6738 Trillion Won...Similar to Previous Year

A 0.05% Decrease on a Consolidated Basis
First in the Financial Sector to Surpass 240 Trillion KRW in Outstanding SME Loans
Record-High Market Share

IBK Industrial Bank announced on the 10th that its net profit (consolidated basis) for last year was 2.6738 trillion KRW, similar to the previous year. This represents a 0.05% decrease.

IBK's outstanding loans to small and medium-sized enterprises (SMEs) increased by 13.4 trillion KRW (5.7%) compared to the previous year, reaching 247.2 trillion KRW, achieving the highest-ever SME loan market share of 23.65%.

Due to the prolonged economic downturn, the non-performing loan ratio rose by 0.27 percentage points from the end of the previous year to 1.32%. Thanks to systematic soundness management and proactively reserved additional provisions in preparation for crisis situations, the loan loss expense ratio decreased by 0.21 percentage points from the previous year to 0.47%.

An IBK official stated, “We will continue to expand support for SMEs facing difficulties in 2025 and diligently implement the corporate value enhancement plan announced in December last year.”

This content was produced with the assistance of AI translation services.