Hana Bank Ranks First Among Commercial Banks for 6 Consecutive Quarters in DC-Type Retirement Pension Returns

Hana Bank announced on the 20th that it has ranked first among commercial banks for six consecutive quarters in the past one-year operation yield of defined contribution (DC) retirement pensions as of the end of the third quarter of 2024.

According to the Financial Supervisory Service, as of the end of the third quarter of 2024, Hana Bank's DC retirement pension operation yield for the past year recorded 14.14% for non-principal-guaranteed products and 3.69% for principal-guaranteed products, achieving first place among commercial banks for six consecutive quarters since the second quarter of 2023.

Hana Bank also ranked first in both the growth rate and the amount of increase in retirement pension reserves across the entire banking sector. As of the end of the third quarter of 2024, Hana Bank's retirement pension reserves increased by KRW 3.3 trillion compared to the end of last year, reaching KRW 37 trillion, ranking first in net increase among all banks, and the growth rate (9.8%) also ranked first in the banking sector. Through this, Hana Bank achieved quality growth even in the increasingly competitive retirement pension market.

In particular, ahead of the 'Retirement Pension Physical Transfer System' to be implemented at the end of this month, Hana Bank achieved balanced results across all retirement pension sectors, ranking second among commercial banks in both IRP non-principal-guaranteed and principal-guaranteed products as well as DC operation yields, and first in DB principal-guaranteed products.

Meanwhile, to minimize inconvenience for subscribers during the initial implementation of the Retirement Pension Physical Transfer System, Hana Bank has formed a 'Retirement Pension Physical Transfer Response TFT' to establish an emergency response system against system errors and is expanding the operation of a dedicated retirement pension call center.

In addition, Hana Bank plans to continuously introduce differentiated products and various services in line with the system implementation, such as expanding the lineup of retirement pension ETF products first introduced in the banking sector in 2021, and helping customers easily understand the Retirement Pension Physical Transfer System through non-face-to-face channels like its official YouTube channel ‘HanaTV’ and KakaoTalk.

Events aligned with the implementation of the Retirement Pension Physical Transfer System will also be held. First, 10,000 customers who apply to receive physical transfer notifications by the 30th and complete the physical transfer application by November 15 will receive Starbucks mobile coffee coupons. Additionally, customers who participate in the notification event and complete a physical transfer of KRW 1 million or more to Hana Bank’s individual IRP by December 13 will be entered into a draw to receive 20,000 Hana Money each for 1,000 winners.

A representative from Hana Bank’s Pension Business Division said, "With the implementation of the Retirement Pension Physical Transfer System, the management of retirement pension operators’ yields and the level of pension services will become even more important. By continuously providing differentiated pension products and customized services, we will strive to ensure the stable asset growth and management of pension customers who trust Hana Bank with their valuable retirement assets."