K Bank said it posted net profit of 112.6 billion won last year. It added 2.78 million new customers, taking the total to 15.53 million, and ended the year with 28.43 trillion won in deposits. Loans rose 13 percent to 18.38 trillion won. Interest income fell 7.8 percent, while non-interest income rose about 40 percent. Asset quality indicators improved and its BIS ratio was 14.52 percent.

South Korea’s banking sector will expand supply of the Saehuimang Holssi policy loan product for low-income and vulnerable borrowers, setting this year’s target at about 5.1 trillion won. The Financial Supervisory Service said banks supplied 4.0167 trillion won through the product last year, up 500.3 billion won from a year earlier, to 214,000 people. The product targets borrowers under specified income and credit-score thresholds.