With the application for approval of the 4th Internet Bank (Inbang) just a

사진 확대

With the application for approval of the 4th Internet Bank (Inbang) just a week away, the three existing Inbang companies are tightening their capabilities in the Inbang specialized field. As the financial authorities are focusing on win-win management based on the fourth-in-bank authorization, new entrants are expected to innovate related businesses, existing operators are preemptively enhancing their competitiveness.

According to the banking industry on the 17th, three Inbang companies, including Kakao Bank, K-Bank, and Toss Bank, are making efforts to target mid- and low-credit people.

The three companies exceeded their annual targets for mid- to low-credit loans last year.

Among them, Toss Bank has the highest proportion of low-credit loans, accounting for 34.7% of the total loan amount. Toss Bank’s cumulative funds, which have been supplied to mid- and low-credit people since its launch in October 2021, exceeded 8.7 trillion won, and supplied 1.36 trillion won last year alone.

Toss Bank is operating various systems to reduce the burden of repaying customers for mid- to low-credit people, such as “lowering the money you pay every month” and “paying interest only every month.” In addition, Toss Bank is diversifying its loan portfolio for individual businesses by increasing guaranteed products in consultation with the Guarantee Foundation.

사진 확대

K-Bank’s proportion of loans to mid- and low-credit people stood at 34.1% last year, which has been on the rise for seven consecutive quarters since the second quarter of 2023. The total amount of loans for mid- and low-credit people supplied last year totaled 1.1658 trillion won, with the accumulated amount reaching 7.1658 trillion won since its launch.

K-Bank is actively launching policy loan products such as “President’s Guarantee Loan” to support local small and medium-sized companies and small businesses. Since 2017, K-Bank has incorporated BC Card’s alternative credit information into the CSS model, and since March last year, it has also introduced Naver Pay’s alternative credit rating model. Based on this system, it launched the first private business real estate mortgage loan (president’s mortgage) in August last year.

Kakao Bank supplied medium and low credit loans worth more than 2.5 trillion won annually last year, accounting for 32.2% of the total loan amount. The amount of loans supplied since its launch has accumulated over 13 trillion won.

Since November last year, Kakao Bank has been conducting a special loan promotion to cut interest rates on…