Thursday, May 12, 2022
Crypto Tella Story
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Dogecoin
  • Altcoin
  • Litecoin
  • ICO
  • Chainlink
  • DeFi
  • XRP
  • Videos
  • Live Prices
CRYPTO TELL A STORY
No Result
View All Result
Home Cryptocurrency

K bank sees hike in savings on cryptocurrency frenzy

by Handy
April 7, 2021
in Cryptocurrency
0
K bank sees hike in savings on cryptocurrency frenzy
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


K bank’s head office in Gwanghwamun, Seoul (K bank)

Ok financial institution’s head workplace in Gwanghwamun, Seoul (Ok financial institution)

Ok financial institution, certainly one of South Korea’s largest on-line banks, noticed a big hike in financial savings in latest months in step with its operations linked to cryptocurrency buying and selling.

Deposits on the nation’s first on-line financial institution exceeded 10 trillion received ($8.96 billion) earlier this month, in contrast with simply 1.85 trillion received in June final 12 months, officers stated. The financial institution held 8.72 trillion received in deposits as of the top of March.

The determine was nearly double that of Jeju Financial institution, whose deposits got here to five.4 trillion received as of final month. In the meantime, Ok financial institution was barely behind Jeonbuk Financial institution, which held 15.6 trillion received in financial savings.

Launched in April 2017, Ok financial institution halted its operations for nearly 15 months till July final 12 months because it struggled to obtain an extra funding from its main stakeholders, which embody KT, Woori Financial institution and BC Card.

The truth that Ok financial institution is the one on-line financial institution that enables native retail buyers to spend money on crypto cash by way of the buying and selling platform Upbit is assumed to have boosted the corporate’s financial savings development.

Ok financial institution posted a 63.9 % financial savings development price from end-2019 to end-2020 — the best amongst 12 business and on-line banks, together with Shinhan Financial institution, Kwangju Financial institution and Kakao Financial institution.

It took 27 years for Kookmin Financial institution, one of many largest banks within the nation, to realize the ten trillion received milestone, whereas it took 11 years and eight months for Shinhan Financial institution.

By Kim Younger-won (wone0102@heraldcorp.com)

(operate() {
var _fbq = window._fbq || (window._fbq = []);
if (!_fbq.loaded) {
var fbds = doc.createElement(‘script’);
fbds.async = true;
fbds.src=”http://join.fb.internet/en_US/fbds.js”;
var s = doc.getElementsByTagName(‘script’)[0];
s.parentNode.insertBefore(fbds, s);
_fbq.loaded = true;
}
_fbq.push([‘addPixelId’, ‘1440573646257323’]);
})();
window._fbq = window._fbq || [];
window._fbq.push([‘track’, ‘PixelInitialized’, {}]);



Source link

Tags: Bankcryptocurrencyfrenzyhikesavingssees
ADVERTISEMENT
Handy

Handy

Next Post
Chainlink price rebounding, but not a convincing commitment from traders

Grayscale adds Chainlink to its large-cap crypto fund, providing tailwind to LINK price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

BixBcoin (BIXB): A Scalable Proof-of-Work Blockchain Integrating DeFi Releases a New Investment Platform

BixBcoin (BIXB): A Scalable Proof-of-Work Blockchain Integrating DeFi Releases a New Investment Platform

4 months ago
SEC Releases FY 2021 Whistleblower Program Annual Report | Proskauer – Whistleblowing & Retaliation

SEC Releases FY 2021 Whistleblower Program Annual Report | Proskauer – Whistleblowing & Retaliation

5 months ago
  • Bitcoin, Ethereum prices up as cryptocurrency bounces back from 2 weeks of losses – National

    Bitcoin, Ethereum prices up as cryptocurrency bounces back from 2 weeks of losses – National

    0 shares
    Share 0 Tweet 0
  • Privok.in, an initiative towards A Renewable Green Energy Revolution

    0 shares
    Share 0 Tweet 0
  • Ripple prepares for a 35% liftoff

    0 shares
    Share 0 Tweet 0
  • Ripple Executives Call on Congress for Clear Crypto Guidelines As SEC’s XRP Lawsuit Rolls On

    0 shares
    Share 0 Tweet 0
  • Decentraland Price Down By 11.10% – Time To Buy MANA?

    0 shares
    Share 0 Tweet 0

Recommended

Recent News

Coinbase Stock Crashes As Value of Bitcoin, Ethereum Hit New Lows

May 12, 2022
Could the SEC case against Ripple falter over a conflict of interest?

Could the SEC case against Ripple falter over a conflict of interest?

May 12, 2022
Bitcoin crash is crushing Coinbase. Stock plunges again

Bitcoin crash is crushing Coinbase. Stock plunges again

May 12, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Chainlink
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Uncategorized
  • Videos
  • XRP

Follow Us

Calendar

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    
  • Privacy & Policy
  • About Us

© 2021 Crypto Tell A story  

No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
  • Ethereum
  • Blockchain
  • Dogecoin
  • Altcoin
  • Litecoin
  • ICO
  • Chainlink
  • DeFi
  • XRP
  • Videos
  • Live Prices

© 2021 Crypto Tell A story