[Asia Economy Reporter Bu Aeri] Among the five major commercial banks, KB Kookmin Bank had the largest loan-to-deposit interest rate spread (loan interest rate - savings deposit interest rate) last month. Among all banks, Jeonbuk Bank recorded the largest interest rate spread.
According to the Bankers Association disclosure on the afternoon of the 20th, among the five major banks, KB Kookmin Bank's household loan-to-deposit interest rate spread (excluding policy low-income finance) in January was 1.51 percentage points, the highest. It was followed by NH Nonghyup Bank (1.44 percentage points), Woori Bank (1.07 percentage points), Hana Bank (1.03 percentage points), and Shinhan Bank (0.84 percentage points).
Among 19 banks including commercial banks, internet-only banks, regional banks, and foreign banks, Jeonbuk Bank had the largest spread at 6.4 percentage points.
Among internet-only banks, Toss Bank had the largest household loan-to-deposit interest rate spread at 4.72 percentage points, followed by K Bank (2.15 percentage points) and Kakao Bank (1.25 percentage points).
KB Kookmin Bank also recorded the largest interest rate spread among the five major banks at 1.81 percentage points in statistics including corporate loans. NH Nonghyup Bank (1.69 percentage points), Woori Bank (1.59 percentage points), Hana Bank (1.44 percentage points), and Shinhan Bank (1.33 percentage points) followed.
Regarding this, a KB Kookmin Bank official stated, "In January, the proportion of short-term deposits from corporate customers increased, lowering the average deposit interest rate, but the temporary expansion of the interest rate spread was due to an increase in credit loans with higher interest rates compared to mortgage loans." He added, "The effect of the household loan interest rate reduction implemented at the end of January will be reflected in the February loan-to-deposit interest rate spread disclosure."
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