Cost-to-income ratio of banks South Korea FY 2023, by bank

*South Korea’s fiscal year starts on January 1 and ends on December 31.

Includes nationwide commercial banks (KB Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Standard Chartered Bank Korea, Citibank Korea), regional banks (Kyongnam Bank, Kwangju Bank, Daegu Bank, Busan Bank, Jeonbuk Bank, Jeju Bank), digital banks (K Bank, Kakao Bank, Toss Bank), and specialized banks established by the government (Nonghyup Bank, Suhyup Bank, Industrial Bank of Korea, Korea Development Bank, Export-Import Bank of Korea). Foreign bank branches were excluded.

The cost-to-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. 

The release date used here is the access date.