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[Alpha Biz=(Chicago) Reporter Kim Jisun] Toss Bank is pushing for a capital increase of up to 400 billion won
Internet bank Toss Bank will carry out a paid-in capital increase of up to KRW 400 billion. It is the eighth paid-in capital increase since its establishment and plans to speed up its entry into the jeonse loan market in the second half of this year.
According to the financial sector and the investment banking (IB) industry on the 19th, Toss Bank recently completed the selection of the host company to attract investment through paid-in capital increase. The goal is to raise 200 billion won to 400 billion won in new funds within the second half of this year.
It is already the eighth time that Toss Bank has made a paid-in capital increase. The total paid-in capital of Toss Bank, which started with a capital of 250 billion won, has now increased to 1.65 trillion won. After the capital increase, the paid-in capital is expected to rise to 2 trillion won.
Once the capital increase is completed, Toss Bank's lending capacity will also increase. Toss Bank's loan balance is rapidly growing by nearly 1 trillion won in three months from 8.4712 trillion won at the end of last year to 9.3 trillion won at the end of March this year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
