Toss Bank Executive Committee Recommends Current CEO Eunmi Lee as Next CEO Candidate

Committee: "Played a Decisive Role in Toss Bank's Advancement"

The Executive Candidate Recommendation Committee of Toss Bank announced on March 3 that it has recommended the current CEO, Eunmi Lee, as the candidate for the next CEO.

The committee stated that, after initiating the management succession process in January and conducting a thorough search and verification for candidates capable of driving sustainable growth and innovation while providing organizational stability, it recommended CEO Lee at a meeting held on February 27.

During that meeting, the committee comprehensively evaluated CEO Lee's past management performance, capabilities, and leadership. Committee Chair Yoonmo Jeong commented, "The four core pillars that underpin CEO Lee's outstanding management abilities-growth potential, profitability, sustainability, and soundness-have played a decisive role in propelling Toss Bank forward during her tenure," adding, "Her vision for the future positions her as the optimal leader to continue guiding the organization and achieving sustainable growth."

The committee determined that, since CEO Lee's appointment, the quality of earnings has improved, supported by solid financial performance. They cited improvements in the loan portfolio, shifting from a focus on unsecured loans to an expansion of guaranteed loans, and strengthening the bank's fundamental capabilities through a diverse product portfolio.Amid continued growth in various indicators such as the BIS capital adequacy ratio, Toss Bank's profitability has remained stable.

The rising value of the financial platform, evidenced by the increase in Monthly Active Users (MAU) and a surge in new account openings, was also evaluated positively. The committee noted that Toss Bank contributed to the creation of new non-interest income sources and revenue streams through the successful launch of 'Mokdon Gulleugi,' the first asset management (WM) service among internet banks, the 'Hamkke Daechul' win-win loan model in partnership with Gwangju Bank, and the 'Overseas Remittance' service linked to foreign currency accounts.

The committee also highlighted Toss Bank's risk management capabilities. Since her appointment, CEO Eunmi Lee has demonstrated various visions for the company, including internal controls as a financial institution, cyber security, social contribution activities, and the management of ESG (Environmental, Social, and Governance) initiatives.

Chairman Jeong stated, "The areas Toss Bank is currently pursuing-transitioning to AI, building technology-based safety nets, and expanding global business-are expected to reinforce future competitiveness in a market environment where the outlook is uncertain." He added, "CEO Eunmi Lee's strategic insight, which enables her to broaden the scope of business areas such as asset management, foreign exchange, and corporate finance for customers, is a key strength."

As the final recommended candidate, CEO Lee is scheduled to be appointed as the next CEO following approval at the regular general shareholders' meeting and the board of directors meeting on March 31.