K-Bank's headquarter in Seoul / Courtesy of K-Bank

Korean internet-only lender K-Bank said Tuesday its net profit rose by 10 times last year from a year earlier on an increase in both interest and non-interest income.

Net income came to 128 billion won ($87.7 million) last year, compared with a net profit of 12.8 billion won a year earlier, the bank said.

Its interest income stood at 482 billion won last year, up 6.9 percent from a year earlier, with non-interest income tallied at 61.3 billion won, also up 81.4 percent over the cited period.

As of end-December, its customers had totaled 12.74 million, up 3.21 million from a year ago, and its deposits and outstanding loans had stood at 28.57 trillion won and 16.27 trillion won, respectively, up 49.8 percent and 17.6 percent from a year ago. (Yonhap)