Toss Bank is projected to continue its growth trajectory through global expansion utilizing core technology.
Researcher Baek from Korea Investment & Securities noted that the long-term re-evaluation factors for Toss Bank are its global expansion, saying, "By pursuing equity investments and establishing joint ventures in developed and emerging markets, it will overcome the limitations of the domestic market."
Researcher Baek said, "The development and operational know-how of Toss Bank's IT system and differentiated automatic identification verification technology are sufficiently competitive overseas," and added, "There are many innovative services, such as interest collection, foreign currency accounts, and joint loans, that can be applied abroad." He continued, "Despite various constraints, including economic conditions, there is a need to pay attention to Toss Bank, which will secure sustainable growth through diversification of its business portfolio."
Researcher Baek projected that Toss Bank will maintain solid performance for the time being. Toss Bank's net profit for the first quarter reached 18.7 billion won, a 26% increase compared to the same period last year. Baek analyzed that, "Interest income improved by 16% as Korean won loans grew by 7.2% compared to the previous year while the net interest margin (NIM) increased from 2.48% to 2.60%."
Researcher Baek stated, "In the future, while expanding inclusive finance, Toss Bank will seek to improve soundness due to diversification of its revenue sources and pursue growth at the same time, showing a performance turnaround."
The anticipated launch of housing mortgage loans (home loans) in 2026 is also expected to positively impact performance. He noted that one should pay attention to the qualitative improvement of the lending portfolio through the expansion of home loans and the consequent improvement in risk-adjusted profitability.
He projected that using guarantee loans aimed at corporations, or launching collateral loans for individual business owners like other companies, could foster additional growth in the corporate credit market.
Researcher Baek predicted that, "By enhancing specialized credit evaluation models using alternative information and expanding joint loans with local banks, a sustainable revenue model will be established in the credit loan institutional sector," and added, "Subsequently, through the launch of healthcare and asset management-linked life care services targeting middle-aged and senior customers, continuous enhancement of customer dominance and diversification of revenue sources will be achieved."