KakaoBank’s operating profit up 23% to $131.09m in Q1 2025

Revenue from financial investment, FX gains, and NPL sales rose compared to Q4 2024.

KakaoBank’s operating profit rose to $131.09m (KRW183b) in Q1 2025, a 23% increase compared to the same quarter in 2024, according to its earnings release in May 2025.

This is also 59% higher than the $82.42m (KRW115b) operating profit that the South Korean digital bank reported for Q4 2024.

Of this, $431.61m (KRW602.2b) is interest revenue, slightly lower than the KRW607.8b in Q4 2024.

Fee revenue is $38.57m (KRW53.4b) for Q1 2025, made up of debit card fees, open banking and FX remittance fees, amongst others.

Meanwhile, KRW24.2b is platform revenue, which include loan comparison, securities brokerage, and ads.

Other revenue— including financial investments, gains on sales of nonperforming loans (NPLs), and foreign exchange (FX) gains— logged the largest increase at KRW104.7b.

Deposit balance rose 14% to KRW60.4t compared to a year earlier and is 9.8% higher than in Q4 2024.

The South Korean digital bank now has over 25.45 million users, with growth across all age groups.

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