Challenging
Possibilities,
Continuously
Innovating
IBK
MESSAGE
FROM THE CEO
In 2024, heightened geopolitical risks and increased financial market uncertainties—triggered by shifts in the monetary policies of major economies—persisted across the globe. Yet, even in the face of these unrelenting challenges, IBK achieved exceptional growth by duly fulfilling our fundamental mission as a policy bank.
Financial Highlights
In 2024, IBK recorded a net income of KRW 2,428.1 billion (a 0.7% year-on-year increase) on a separate basis and KRW 2,654.3 billion (a 0.8% year-on-year decrease) on a consolidated basis. The result is attributable to sustained loan growth toward SMEs and microbusinesses, as well as a decrease in provisioning despite an uncertain business environment.
The outstanding balance of IBK’s SME loans reached a record high of KRW 247.2 trillion, with a market share of 23.65%. Additionally, the bank’s key asset quality indicators remained stable: BIS ratio at 14.69%, delinquency rate at 0.80%, and NPL ratio at 1.34%.
Looking ahead, IBK aims to strengthen its role as a market stabilizer by supporting SMEs and microbusiness owners while pursuing sustainable growth through value-creating finance that enhances the value of customers, the bank, and society together.
