In fiscal year 2023, the cost-to-income ratio (CIR) of the Export-Import Bank of Korea reached about 16.79 percent, making it the most cost-efficient bank among all domestic banks in South Korea. It was followed by the Korea Development Bank with around 26.37 percent.
Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank
*South Korea’s fiscal year starts on January 1 and ends on December 31.
Includes nationwide commercial banks (KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Standard Chartered Bank Korea, Citibank Korea), regional banks (Kyongnam Bank, Kwangju Bank, Daegu Bank, Busan Bank, Jeonbuk Bank, Jeju Bank), digital banks (K Bank, Kakao Bank, Toss Bank), and specialized banks established by the government (Nonghyup Bank, Suhyup Bank, Industrial Bank of Korea, Korea Development Bank, Export-Import Bank of Korea). Foreign bank branches were excluded.
The cost-to-income ratio (CIR) measures the profitability and efficiency of a bank by putting operating costs in relation to operating income. The lower the cost-income-ratio, the more profitable the bank.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Financial Supervisory Service. (June 18, 2024). Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. "Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank." Chart. June 18, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. (2024). Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. "Cost-to-income Ratio (Cir) of Banks in South Korea in Fiscal Year 2023, by Bank." Statista, Statista Inc., 18 Jun 2024, https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service, Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank Statista, https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/ (last visited December 22, 2024)
Cost-to-income ratio (CIR) of banks in South Korea in fiscal year 2023, by bank [Graph], Financial Supervisory Service, June 18, 2024. [Online]. Available: https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
