Gyeongnam Bank Tops Banking Sector in Returns for DB-Type Principal-Non-Guaranteed Retirement Pension Products

DB-type Principal and Interest
Non-guaranteed Products 1-Year Return 11.46% as of Q1 Year-End

BNK Gyeongnam Bank's DB-type retirement pension operation yield was found to be the best among all banks.

BNK Gyeongnam Bank announced on the 14th that its DB-type (defined benefit) principal-guarantee non-guaranteed retirement pension yield ranked first among banks.

Gyeongnam Bank Headquarters.

According to the 'Financial Supervisory Service Integrated Pension Portal Disclosure,' BNK Gyeongnam Bank's DB-type recent 1-year yield (principal-guarantee non-guaranteed) as of the end of the first quarter of 2024 was 11.46%, the highest among all banks including commercial and regional banks.

Also, the individual IRP principal-guarantee non-guaranteed product's recent 1-year yield was 14.16%, ranking third among all banks, and the defined contribution (DC) type showed a favorable performance with 13.59%.

Lee Jeong-hoon, head of the Pension Trust Business Division, said, "I believe the retirement pension market should pursue qualitative growth rather than quantitative growth. With this goal, we aim to continuously provide excellent products so that customers can dream of a happy retirement and improve yields. In addition, we plan to further strengthen communication with customers to enhance service satisfaction."