Aka Bank has recently recorded a new low, and the stock price is falling without a fall, and the burden on K-Bank, which is about the IPO within the year, is also increasing.

On the 14th, Aka Bank’s share price is trading at 17,250 won, up 700 won from the previous trading day, but is suffering from falling to 16,500 won, the 52-week low price.

Aka Bank’s market cap is reduced to one fifth. Since it’s listing on the KO SPI market, Aka Bank’s market capitalization was 44.94 trillion won, based on the highest price of 94,400 won, but it has decreased to 8.25 trillion won based on the present price.

K-Bank, which had planned to be listed within the year as Aka Bank’s stock price fell, is also a core. For the first time as an Internet bank, Aka Bank’s stock price, which entered the KO SPI market, became difficult to use as a guidance of K-Bank’s stock price.

In fact, Aka Bank’s stock price dropped by half of K-Bank’s share price in the unlisted stock market. K-Bank’s current stock price was 15,500 won in the Seoul exchange unlisted, and K-Bank’s share price was 1,800 won in the securities plus unlisted, which was significantly lower than the highest price of 32,000 won (based on the Seoul Exchange). If the public offering price is confirmed at this level, K-Bank’s corporate value is estimated to be around 3 trillion.

In the industry, Aka Bank’s stock price drops are the decline in platform competitiveness and loan growth rate. As Aka Bank was selected as a platform source of revenue, the loan was reduced to 5.8 billion won in the second quarter of this year, down 67.3% from the previous quarter.

In the case of loans, the loan net increase in the second quarter was W900bn, compared to the previous quarter, but the growth rate is slow. In the second quarter, Aka Bank’s credit loans decreased 400 billion won. Kim Jae-won, an analyst at Samsung Securities, said, Loan growth is slower than other banks.

For this reason, K-Bank has entered an aggressive and receiving business. It is a strategy that extends the retail scale by lowering the loan rate compared to other banks and raising the reception rate rapidly.

Since February, apartment mortgage loans (fixed interest rates) have fallen 1.15%p per year until September, and rent loans have fallen 1.18%p per year since June. In the case of receiving interest rates, ‘Code K Free Savings’ rose 1.4%p per year and ‘Code K regular deposit’ increased by 1.8%p per year.

As a result, the balance of receiving at the end of December last year rose 19.38% to 13.49 trillion won as of the end of September, and the credit balance increased 39.94% from 7.9 trillion won to 9.78 trillion won over the same period.

K-Bank says it is difficult to make an official position regarding the IPO. An official of K-Bank said, It is a measure to expand customer benefits by maintaining interest rate competitiveness.