Toss Bank's Q4 Last Year Credit Loans to Low-to-Medium Credit Borrowers Account for 31.54%

Toss Bank announced on the 23rd that as of the end of the fourth quarter last year, the balance ratio of loans to low- and medium-credit customers among household credit loans was 31.54%.

During last year, Toss Bank newly supplied 1.53 trillion KRW in loans to low- and medium-credit customers. Since its launch until the end of last year, it has supplied 5.46 trillion KRW to creditworthy low- and medium-credit customers, with a balance of 3.07 trillion KRW as of the end of the fourth quarter.

As of the fourth quarter last year, Toss Bank secured 323.2 billion KRW in provisions, maintaining a high loan loss provision coverage ratio of 213.77% against non-performing loans. Toss Bank explained that this reflects a higher level of soundness and secures the highest level of loss absorption capacity in the banking sector.

Toss Bank stated, “Since its launch in October 2021, despite the challenging economic environment, we have actively continued to include low- and medium-credit customers among the first-tier banks,” adding that they have strived to uphold the difficult-to-reconcile values of soundness and inclusiveness amid uncertain economic conditions such as COVID-19, high interest rate trends, and global bank failures.

They further stated, “In line with the purpose of establishing an internet bank, we have taken the most active approach to inclusion by resolving the interest rate gap so that low- and medium-credit customers can receive loans at appropriate interest rates.”