In 2022, the cost-income-ratio (CIR) of Kakao Bank fell to about 42.62 percent. While Kakao Bank's CIR was around 104 percent in 2018, it managed to lower its CIR by about 50 percent within two years.
Founded in January 2016 as one of the first digital (internet-only) banks in South Korea, Kakao Bank attracted over ten million customers within just two years after starting operations in July 2017.
Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022
The cost-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.
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Financial Supervisory Service. (September 25, 2023). Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/
Financial Supervisory Service. "Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022." Chart. September 25, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/
Financial Supervisory Service. (2023). Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/
Financial Supervisory Service. "Cost-income-ratio (Cir) of Kakao Bank from 2017 to 2022." Statista, Statista Inc., 25 Sep 2023, https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/
Financial Supervisory Service, Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022 Statista, https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/ (last visited November 23, 2024)
Cost-income-ratio (CIR) of Kakao Bank from 2017 to 2022 [Graph], Financial Supervisory Service, September 25, 2023. [Online]. Available: https://www.statista.com/statistics/1248157/kakao-bank-cost-income-ratio/
