Korea Business News Agency - NSP NEWS.

(Seoul=NSP NEWS) = Internet-only bank Kbank announced its goal to expand to include corporate loans to small and medium-sized businesses by 2027, along with the launch of a second-lien refinancing product for real estate-secured loans for individual business owners.

It also emphasized that even if the company’s initial public offering(IPO), which is currently in its third attempt, fails, there will be no problem with the supply of lending capital.

On the 18th, Kbank explained the ‘CEO Real Estate Collateral Loan’ subordinated loan product.

The recently launched CEO Real Estate Secured Loan Second Mortgage Refinancing Product also allows for refinancing of ‘second-morning products’ that have already been refinanced in situations where there is a loan from another financial institution or a lease agreement based on real estate collateral.

In addition, Kbank announced that it will introduce 100% non-face-to-face corporate loans for small and medium-sized enterprises by 2027.

“The amount of corporate loans we plan to supply this year is 2 trillion plus alpha(+α),” said the group chief of Kbank. ”Even if the IPO does not happen, we have confirmed that there is no problem with the capital ratio considering the stress buffer capital when we supply more than 2 trillion won.”

“The target is Q3 2027,” he said, adding, ”It's not a matter of investment funds, but we need to prepare more things, and given the financial evaluation, business model evaluation and other things, we have about two and a half years to prepare quickly.”

By Soon-ki Lee(s8789@nspna.com) and Soo-in Kang(sink606@nspna.com)

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