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| 서울 시내 한 저축은행. (사진=연합뉴스 자료사진) |
[Alpha Biz=(Chicago) Reporter Kim Jisun] It has been confirmed that the Korea Federation of Savings Banks withdrew hundreds of billions of won in a row from its trust account at the end of last year. The total size amounts to 5 trillion won.
According to the financial investment industry on the 17th, the Korea Federation of Savings Banks withdrew a total of 5 trillion won from three or four securities firms, including NH Investment, KB Investment and Mirae Asset Securities, at the end of last year. These securities firms withdrew hundreds of billions of won several times, and the amount of withdrawals was the same.
The Korea Federation of Savings Banks has put funds into the trust accounts of securities firms and entrusted them with management. The source of the funds is savings banks' deposits and installment savings. With such funds entrusted, the association has asked securities firms to operate them at a stable rate of return.
The withdrawal of trillions of won at the end of the year is interpreted as a major change in the liquidity of savings banks. Industry watchers say that financial consumers who subscribe to deposit and installment savings products are asking for withdrawals rather than extending maturity.
In fact, the situation of savings bank operations is not good. The cumulative net loss of 79 savings banks nationwide recorded 141.3 billion won in the third quarter of last year. Behind the increased losses are increased interest costs from the sale of high-interest deposits and increased accumulation of provisions due to worsening business conditions such as real estate PF. The competitiveness of attracting financial consumers with higher interest rates compared to the primary financial sector has also waned. According to the Korea Federation of Savings Banks, the highest one-year fixed-term deposit rate (3.5-4.0%) of the top five savings banks (SBI, OK, Korea Investment, Welcome and Pepper) as of the 14th is the highest interest rate (3.55-3.90%) of similar products in commercial banks.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
