Asia Banking Research

Jun

South Korea prepares for a fourth digital bank

With three of Asia’s most successful digital banks, South Korea is now considering adding a fourth. Though the country was well banked before the arrival of the digital challengers, Kakao Bank, K Bank and Toss Bank have all found a way to build market share rapidly without burning an inordinate…

May

Asia Banking Research

Investors bullish on digital banking in the Philippines

The Philippines is one of Asia’s most promising digital banking markets thanks to a favorable combination of underbanked consumers, island geography that limits the footprint of physical bank branches and incumbents with average digital capabilities. That said, it will take time for online banks to be profitable, and in March,…

May

Asia Banking Research

Kakao Bank posts record profit in Q1 2024

South Korea’s digital banks have long been outliers, with market leader Kakao Bank one of the most successful online lenders in Asia. Though Kakao Bank’s share price has fallen about 65% since its November 2021 IPO, that reflects macroeconomic conditions and investors adjusting overly high expectations for the company more…

Contact Info

Asia Banking Research