IBK's Cumulative Net Income Through Q3 Falls 2% to KRW 2.2141 Trillion

Bank's standalone net income reaches KRW 2.0089 trillion, up 0.6%
Outstanding SME loans total KRW 272 trillion

Industrial Bank of Korea (IBK) posted consolidated net income of KRW 2.2141 trillion through the third quarter of this year, down 2.0% from the same period last year. Its outstanding loans to small and medium-sized enterprises (SMEs) increased by more than KRW 10 trillion from the end of last year.

IBK announced its third-quarter 2026 results on October 26. On a standalone basis, the bank's cumulative net income was KRW 2.0089 trillion, up 0.6% from the same period last year. IBK said its results were supported by improved net interest income, as interest-earning assets continued to grow steadily despite rising interest rates at home and abroad and increased volatility in financial markets.

As it expanded productive finance, IBK's outstanding SME loans rose to KRW 272 trillion, up KRW 10.1 trillion (3.9%) from the end of last year. Its share of the SME loan market stood at 24.5%.

The credit cost ratio was 0.53%, up 0.09 percentage points from the same period last year. IBK said the increase reflected its proactive provisioning in preparation for deteriorating business conditions among SMEs. The ratio of substandard or below loans fell 0.04 percentage points over the same period to 1.31%.

An IBK official said, "Despite continued domestic and global uncertainty, including benchmark interest rate hikes and rising prices, we will expand the supply of policy finance not only to small business owners and the self-employed but also to advanced and innovative companies, while continuing to strengthen the bank's competitiveness through the AI transformation and other initiatives."

This content was produced with the assistance of AI translation services.