[Korea sinyuncheol financial newspaper reporters] are changing the operations of the Bank. Even then discussed actively in public pay various fees introduced or are difficult to organize through the store to change the way contact with clients. It does not seek to change the non-face-to-face transactions increased in times of low interest rates is because hard put to practical concerns to ensure profitability.
◇ inevitable changes in the environment is controversial bank charges
Fee hikes movements of the Bank was held steady from last year. Commercial banks create a new entry fees ranging from 82 recent cases, including charter capital loan prepayment fees for three years, the existing entry fees were abolished seven.
Jaknyeo November FSS is submitted to the Democratic electrolytic iron lawmakers 'bank charges to adjust status' Shinhan · KB Kookmin, from January 2014 until July of last year, according to our · NH cooperatives and other domestic commercial banks 18 where the new or hike along one entry fee totaled 160 cases. Double automation equipment (ATM) using a 78 gun charges, account fees, if the certificate reissue fee hikes. The rest is a newly created entry fee.
In this trend it is not a Citibank Korea to introduce universal 'account maintenance fee' In foreign symbolically. From next month, 8 days Citibank receives a monthly fee of 5000 won per account to the new account type customer deposits and withdrawals at any time to impose an account maintenance fee. Existing customers are excluded from the commission or the target before the effective date of the transaction Citibank Citi Cards is a policy not to charge users for the account maintenance fee. Also internet and mobile banking, non-customer-facing channels using an automated machine (ATM), or less than 19 years old or over 60 million customers and ensure basic living person fee is waived.
Here are 30 million people that KB Kookmin Bank, which holds the maximum number of domestic customers are also contemplating the introduction of 'counter transaction fee'. If the Bank is a large, older customers are actually more than the introduction of foreign banks Citibank is greater pageupryeok.
New fees and raise the national sentiment comes also pointed out that there is a problem that only large customers to maintain a low level of resistance, such as the present. This basic non-face-to-face at a reduced deposit margins as low interest rates, trading operating conditions, such as 90% in the past because the present situation is hardly sustainable way. This way the bank can take measures to realize is changed in the stores and at the same time operating costs through selection and concentration raising the ease-present transactions environment.
The only reason the National Bank introduced a spiral counter transaction fees, while the burden is also expected that the greater the number of registered customers in this situation because the actual bank account and transaction management costs are at highest mimihae situation. Here the Bank is planning to export about 2800 people a year early voluntary retirement to reduce yeogot 100 points this year also. The capacity to support counter trading may continue as before shrinking.
◇ Past performance class background management costs
2016 performance of the Bank is the largest profits in recent years. The net profit margin deposit is the background, also it showed a recovery, but because we succeeded in cost control.
Not only is the bank earnings jotahjin fees. In fact, banks have started to improve profitability through fee hikes from earlier this year, but in October last year, look no reference earnings growth due to a fee. Shinhan Bank's commission income Fee income of the Bank increased 0.5 percent to 640.6 billion won in geuchyeotgo was reduced by 8.1% YoY to 819.3 billion won. Our banking fee income also fell 4.7 percent to 710 billion won. But proceed to raise various fees will be waived away the actual effect more customers.
Earnings rise in credit costs has also why the restructuring is to reduce dramatically affect only reduce operating costs, SG & A represented by aggressively as big finish.
Banks have a leading indicator of cost efficiency and operating profit gyeongbiyul (CIR · Cost Income Ratio). SG & A expenses and shown as a percentage share of profits and gross operating profit less non-interest income covering the cost-effectiveness ratio is high. At the same time, banks continue to cut staff, with stores were reduced while levels since last fall or stagnation in 2012 was the rise CIR most of the banks.
Shinhan Bank with the lowest CIR in the banking sector went down 54.5% than in the previous year to 52.2% last year. KEB, Hana Bank is also actively reducing the cost of bank consolidation since this ratio fell from 63.2% to 59.2% last year. If only the CIR rate of the National Bank olratji generated 800 billion won by voluntary retirement costs in large-scale job cuts up to 2800 people, except for the cost of early retirement has decreased to one-off factors can be found 60.6%. In the case of a bank that has carried out staff reductions are likely to continue to be lower this ratio in the future.
The banks are in a spiral drastic downsizing because there is no need to have a large number of stores over the past Hangwon as clean. Keep the number of stores in a non face-to-face transaction is 90% greater burden hagien situation close to a thousand. Rather, it is that the financial sector and other affiliates combined to create a store synergy trend these days.
◇ restructuring of stores, specialized stores increased
Banks have written hosiljeok but rather pay to speed up restructuring and store personnel. When there is a low-margin potential compared to the future. Only store market decline this year in the five banks seem to stand beyond 300.
According to the financial sector in 13 days National Bank reduced the scale consolidation this year, a total of 109 stores organized by two of the store or to the branch office. Earlier this year, a total of 69 stores closed doors, where the branch is relegated to 40 fold. When compared to last year's consolidation of stores and branch stores relegated number was 34, 7 each grew more than twice. This is the largest since 2001. This progression gotta voluntary retirement 2,800 people in a 10% decline National Bank jochida essential point of the entire staff.
Other banks also being joined to the store out. Our bank is a 80 year plan for the consolidation of stores KEB and Hana Bank is also progressing steadily up shop organized in accordance with the 2015 consolidation shares. KEB, Hana Bank was 9 years 2015 abolition of 76 stores last year, mainly redundant after the merger the old one store, Exchange Bank.
NH Agricultural Bank is also currently planning for over 50 more than doubled last year, 21 stores this year consolidation plan. Last year, the abolition of Shinhan Bank, 28 branches also plans to implement a similar scale consolidation this year.
The general point is drastically reduced, but rather complex shops etc. are increasing. Financial Group synergies are expected to operate as a bank and other affiliates at one point and can also reap results substantially. Even the foreign banks Citibank had opened the high net worth individuals last year Cheongdam center to start the year 2015 for the distribution center management, this year plans to open a large WM Center in Gwanghwamun, Dogok, Yeouido area. Cheongdam center attracted attention as the largest.
National Bank is trying to change through mergers and acquisitions Hyundai Securities configure a larger KB big and complex securities shops. Until the end of the year to increase by two times higher than the current number is expected next year to install the most complex area stores nationwide.
The Bank recently established a plan built naendaneun at least one or more complex group of stores in partnerships (Partnership Group · PG). PG is a small regional headquarters concept tied to a branch out of the seven units that sovereignty. National Bank is seeking operational efficiencies such as sharing the expertise to tie the PG 138 to 1,200 stores last year.
KB Kookmin Bank in early February based on a total of 29 stores are complex securities dog. KB Financial Group adds Hyundai Securities first half of last year, a Busan, Daegu, Gwangju, Daejeon metropolitan areas such as complex mainly local stores were acquired more than 10 installations. This year, the shop compound is more than 20 to 30 additional installations. If more than one store is installed on each PG compound to the total number of next year is expected to reach about 150.
KB Kookmin Bank will continue to increase store numbers is a composite wihaeseoda kkoehagi the synergy between banking, securities. Yunjonggyu KB Financial Group chairman has said that "the Korean Universal Bank (Universal Bank) the orientation of KB Financial Group combines underwriting banks and post modern securities."
Synergy to date has generated smoothly. Last month consolidation KB Securities launched commemorative year 4 Mokpo transition funds sold around the complex store species is 70.6 billion won, Korea Land & Housing Corporation, such as structured bonds in the portfolio credit-linked derivative-linked securities (DLS) was 31.7 billion won sold.
Shinhan Bank is also complex multi-store growth. Led by Shinhan Financial Group in 2012 he launched the 'WM (asset management) business, which can provide products of banks and financial investments at the same time. He then WM WM division division increased assets after the launch in 2012 of about 8.4 trillion won, about 110 billion won profit in 2012 was increased by about 150 billion won in 2015.
Specifically, such a performance, because the next bank appears method used appears to be inevitable changes. Banks are expected to move in the direction of the store restructuring proceed with the realization fee increase productivity in order to survive. However, parallel work to convince customers seen against the introduction of fees in dispute also seems to be necessary.
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