[Alpha Biz=(Chicago) Reporter Paul Lee] The nation's four largest financial groups own large-scale land and buildings, a report showed.

According to the third-quarter quarterly report released by the four major financial institutions (KB, Shinhan, Hana, and Woori), they have 6.9281 trillion won in land and 4.8428 trillion won in buildings as "operating facilities." The total amount amounts to 11.771 trillion won.

Among them, KB Financial's real estate is the largest, with seven affiliates including banks holding a total of 4.518 trillion won in real estate, including 2.25 trillion won in land and 2.24 trillion won in buildings.

Hana Financial Group held 2.4392 trillion won, including 1.4221 trillion won for land and 1.171 trillion won for buildings, while Woori Financial Group held 2.4175 trillion won, including 1.4861 trillion won for land and 931.4 billion won for buildings, while Shinhan Financial Group held 2.4175 trillion won, including 1.4861 trillion won for land and 931.4 billion won for buildings.

This differs greatly from the market price based on the book value.

Industry officials explain that the price in the book is set lower than the market price, almost the same as the price at the time of acquisition, and especially the actual price of land may be several times higher.

Most bank branches are located in places where transportation is convenient, such as the station influence area, so it is likely that they have been directly affected by the rise in real estate prices.

 

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