KAKAO BANK Q1 NET ALMOST TRIPLES

Highlights:

• Kakao Bank, South Korea’s top internet-only lender, first-quarter net profit nearly triples due to increased interest income.
• Net profit reported being 18.5 billion won which is equivalent to USD 15.2 million.
• The first-quarter tally is higher as compared to the bank’s full-year bottom line in 2019.

Today a report released by Kakao bank stated th....