Kookmin Bank headquarters in Yeouido, Seoul (photo = KB Kookmin Bank)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] A financial accident worth 10 billion won occurred at KB Kookmin Bank.

According to the banking sector on the 13th, a KB Kookmin Bank branch was found to have paid loans by calculating the value of collateral at the sale price, not the purchase price of the mall, and the Financial Supervisory Service began frequent inspections from the previous day.

The bank recently confirmed in its own audit that unfair loans violated bylaws and reported them to the FSS. The actual losses suffered by the bank have yet to be confirmed. Whether there is a possibility of embezzlement or breach of trust, such as deliberately inflating the amount, is also expected to be revealed during the FSS inspection.

Recently, NH Nonghyup Bank also suffered a loan inflating accident worth 11 billion won, which is under inspection by the FSS.

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