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[Alpha Biz=(Chicago) Reporter Kim Jisun] Toss Bank said on the 30th that it posted a net profit of 8.6 billion won in the third quarter of this year, achieving its first quarter surplus in two years since its launch.
According to Toss Bank, the number of customers at the end of the third quarter was 7.99 million, an increase of 1.1 million from the second quarter (6.9 million). As of November, it has surpassed 8.6 million, continuing to have an average of more than 1 million new subscribers every quarter.
As of the end of the third quarter, the loan balance was 11.2 trillion won and the receipt balance was 22.7 trillion won. Both Yeosu new balance increased by 1.1 trillion won compared to the previous quarter.
The cumulative net interest margin (NIM) in the third quarter was 2.06% and net interest income was 391.8 billion won.
The deposit balance surpassed 5 trillion won thanks to the success of new products. As of the end of the third quarter, the delinquency rate was 1.18%, down 0.38% point from the previous quarter (1.56%).
The paid-in capital increase of KRW 285 billion was completed in October, and as of the end of October, the equity capital ratio based on the Bank for International Settlements (BIS) was 13.03%. As of the third quarter, it's 10.84 percent.
Toss Bank explained that the accumulated loan-loss reserves until the third quarter are 303.5 billion won and the loan-loss reserves based on non-profit loan calculation are 213.33%, maintaining sufficient loss absorption capacity.
Alphabiz 김지현 기자(ababe1978@alphabiz.co.kr)
