In fiscal year 2020, the cost-income-ratio (CIR) of the state-run Export-Import Bank of Korea reached about 18.74 percent, making it the most cost-efficient bank among all domestic banks in South Korea. The four leading commercial banks in South Korea, Hana Bank, Shinhan Bank, KB Kookmin Bank, and Woori Bank had CIRs of about 47.7, 48.4, 53.2, and 59.8 percent, respectively.
Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2020, 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), and specialized banks established by the government (Nonghyup Bank, Suhyup Bank, Industrial Bank of Korea, Korea Development Bank). Foreign bank branches were excluded.
The cost-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.
Profit from additional features by authenticating your Admin account
Please authenticate by going to "My account" → "Administration".
Then you will be able to mark statistics as favourites and use personal statistics alerts.
Statista Accounts:
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Financial Supervisory Service. (June 4, 2021). Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2020, by bank [Graph]. In Statista. Retrieved January 20, 2022, from https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. "Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2020, by bank." Chart. June 4, 2021. Statista. Accessed January 20, 2022. https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. (2021). Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2020, by bank. Statista. Statista Inc.. Accessed: January 20, 2022. https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service. "Cost-income-ratio (Cir) of Banks in South Korea in Fiscal Year 2020, by Bank." Statista, Statista Inc., 4 Jun 2021, https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/
Financial Supervisory Service, Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2020, by bank Statista, https://www.statista.com/statistics/1241796/south-korea-cost-income-ratio-by-bank/ (last visited January 20, 2022)
