NH Nonghyup Bank Tops Five Major Banks in Returns on Non-Principal-Guaranteed Retirement Pension Products

NH Nonghyup Bank announced on January 22 that it achieved the highest rate of return among the five major banks for non-principal-guaranteed retirement pension products across all schemes, including defined benefit (DB), defined contribution (DC), and individual IRP.

According to the Financial Supervisory Service's Integrated Pension Portal disclosure for the fourth quarter of last year, Nonghyup Bank's rate of return for non-principal-guaranteed retirement pension products was 19.93% for DB, 21.55% for DC, and 22.04% for individual IRP, ranking first among major banks across all retirement pension schemes.

In June, Nonghyup Bank became the first in the banking sector to launch a robo-advisor (RA) discretionary service that incorporates exchange-traded fund (ETF) management strategies, providing an AI-based automatic portfolio for individual IRP. The bank has also focused on strengthening the capabilities of its retirement pension staff by offering a 'Retirement Pension Professional Training Program' and holding specialized retirement pension seminars in various regions.

A Nonghyup Bank representative stated, "We will continue to provide differentiated services by strengthening our staff's capabilities and introducing a variety of management products to enhance customers' retirement pension returns."