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Photo = Kakao bank |
[Alpha Biz= Reporter Kim Minyoung] On August 7, KB Securities expressed concerns over KakaoBank's low loan growth but maintained its 'Buy' rating, citing the launch of new loan products for individual business owners as a positive factor.
KB Securities noted, “KakaoBank has mitigated some concerns about loan growth by focusing on high-value loans, including personal business loans above 100 million won.”
During a conference call for its Q2 earnings announcement, KakaoBank revealed plans to establish a loan balance of 2 trillion won for individual businesses through credit and guarantee loans, aiming to tap into the 450 trillion won market.
KB Securities also highlighted that KakaoBank’s lower loan-to-deposit ratio is being offset by securities income, such as from money market funds (MMFs), helping the bank meet its profit expectations.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
