K Bank, 1.94 Million Customer Increase in the First Half of This Year

K Bank announced on the 1st that it attracted 1.94 million new customers in the first half of this year alone.

According to K Bank, the cumulative number of customers as of the end of June was 11.47 million. This is an increase of 1.94 million compared to the end of last year (9.53 million). It is five times higher than the same period last year (410,000).

Loan and deposit balances also continued to grow. As of the end of June this year, deposit and loan balances were 21.85 trillion KRW and 15.67 trillion KRW, respectively, marking increases of 25.8% and 23.7% compared to the same period last year.

K Bank analyzed that various products and services introduced this year in the areas of daily life and investment had an impact. The Samsung AI Life Challenge Box and a special savings product offering 10% annual interest for new customers were sold out and gained popularity. The 'Donnamu Kiugi' (Money Tree Growing) service also reached 1.4 million users.

Meanwhile, on the 28th of last month, K Bank CEO Choi Woo-hyung held a town hall meeting called 'Communication Meeting' for all employees and explained the progress of the preliminary review for listing. CEO Choi encouraged everyone to establish a foundation for continuous growth through a successful initial public offering (IPO).