In 2022, the net interest margin (NIM) of domestic banks in South Korea reached 1.62 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 2022
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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Financial Supervisory Service. (June 2, 2023). Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2022 [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/
Financial Supervisory Service. "Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2022." Chart. June 2, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/
Financial Supervisory Service. (2023). Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2022. Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/
Financial Supervisory Service. "Net Interest Margin (Nim) of Domestic Banks in South Korea from 2015 to 2022." Statista, Statista Inc., 2 Jun 2023, https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/
Financial Supervisory Service, Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2022 Statista, https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/ (last visited October 02, 2024)
Net interest margin (NIM) of domestic banks in South Korea from 2015 to 2022 [Graph], Financial Supervisory Service, June 2, 2023. [Online]. Available: https://www.statista.com/statistics/1235218/south-korea-net-interest-margin-of-domestic-banks/