South Korea: cost income ratio by bank 2021

In fiscal year 2021, the cost-income-ratio (CIR) of the state-run Korea Development Bank reached about 13.71 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 44,99, 48,94, 51.02, and 52.19 percent, respectively.

Cost-income-ratio (CIR) of banks in South Korea in fiscal year 2021, by bank

Characteristic	Cost-income-ratio
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Release date

April 2022

More information

Region

South Korea

Survey time period

FY 2021*

Supplementary notes

*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-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.

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