NIM of domestic banks South Korea 2015-2023

Published by L. Yoon, Dec 6, 2024

In 2023, the net interest margin (NIM) of domestic banks in South Korea reached 1.65 percent. The net interest margin of domestic banks in South Korea declined to a record low in 2020, especially after South Korea's central bank kept the base rate at a record low level following the outbreak of the coronavirus (COVID-19) pandemic.

Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2023

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Release date

August 2024

Region

South Korea

Survey time period

2015 to 2023

Supplementary notes

Includes commercial banks (nationwide and regional banks), specialized banks, and digital banks in South Korea. Foreign bank branches were excluded.

The net interest margin (NIM) is an important indicator for the profitability of banks and financial institutions and is calculated as the difference between the interest received and interest paid relative to the average earning assets.

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