Kbank's First-Half Net Profit Drops 28.6% Year-on-Year

Kbank's net profit for the first half of the year fell to 60.1 billion won, marking a significant 28.6% drop compared to the same period last year. The bank reported a net profit of 84.2 billion won in the first half of the previous year, meaning this year's earnings are down by 24.1 billion won.

Despite a continued focus on managing household lending, Kbank experienced overall loan growth. The total loan balance at the end of the second quarter reached 19.8 trillion won, an increase of 13.8% from the previous year. This growth was primarily fueled by an expansion in loans provided to individual businesses.

The bank's deposit balance stood at 26.6 trillion won as of the end of the second quarter. The report indicates that while household loan management remains a priority, the bank has successfully leveraged other lending areas to drive overall expansion.