Jeju Bank Issues KRW 50 Billion Unsecured Floating Rate Bond (AA+ Rating)

Jeju Bank issues KRW 50 billion unsecured floating rate bond (CD 1M + 0.25%, 1-year maturity, repayment on 2027.05.11) with credit rating AA+ (stable).
Proceeds fully used for operating funds; issuance costs including underwriting fees total KRW 29.52 million.
End-2025: BIS total capital ratio 16.24%, NPL ratio 1.57% (+0.25%p YoY), delinquency rate 1.60% (+0.42%p YoY).
2025 net profit KRW 13.9 billion (ROA 0.18%, ROE 2.20%), NIM 2.10% — declining profitability trend.
Loan loss reserve ratio dropped to 85.55%, below the pace of NPL increase.
LCR at 120.86% meets regulatory requirements; contingent liabilities (4 minor lawsuits) and past regulatory fines exist.
Regional concentration risk (over 90% operations in Jeju) along with digital transformation and intensifying competition.

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