Toss Bank CEO Lee Eun-mi has secured reappointment to lead the digital lender.
The bank's Nomination Committee announced Monday that it reached the decision at a meeting held at Toss Bank headquarters in Gangnam-gu, Seoul, on February 27.
The committee has been identifying and vetting candidates since initiating the succession process in January. After comprehensively evaluating Lee's management performance, capabilities, and leadership, the committee selected her as the nominee for the next term.
"CEO Lee's outstanding management ability demonstrated during her tenure, along with the four core pillars of growth, profitability, sustainability, and soundness that underpin it, played a decisive role in propelling Toss Bank forward," said Nomination Committee Chairman Chung Yoon-mo. "She represents the optimal leadership to guide the organization based on a future vision and continue sustainable growth."
The committee determined that qualitative earnings growth was achieved under Lee's leadership, built on solid financial performance. The bank improved its loan portfolio by expanding guaranteed loans beyond its previous focus on unsecured credit loans and strengthened its fundamental capabilities through diversified product offerings. Toss Bank has maintained a stable profit trajectory amid growth in various metrics including the Bank for International Settlements capital ratio.
The committee also gave high marks for elevating the bank's value as a financial platform through increased monthly active users and a surge in new account openings. These achievements extended to services including "Mokdon Gulligi," the first wealth management service among internet-only banks, "Hamkke Daechul" co-lending partnership with Kwangju Bank, and "Overseas Remittance" linked to foreign currency accounts—contributing to non-interest income and new revenue streams.
Since taking office, Lee has also presented various initiatives for internal controls, cybersecurity, corporate social responsibility, and ESG management.
"Toss Bank's ongoing AI transformation, technology-based safety net construction, and global business expansion are areas expected to solidify future competitiveness amid uncertain market conditions," Chung said. "CEO Lee's strength lies in her strategic vision to broadly expand business areas including wealth management, foreign exchange, and corporate banking."
Lee, recommended as the final candidate, is scheduled to assume her next term following approval at the annual shareholders' meeting and board of directors meeting on March 31.