"Rather neglected the fishermen," auditors pointed to the Fisheries Bank

Apply the high lending rates to the fishermen rather [South Korea Jeongseon financial newspaper reporters - Fisheries Bank and suggests that audit results had neglected to support fishermen established purpose.

BAI announced that caught the 11 days of public funding for the audit of 25 cases of illegal financial management practices, unfair, institutional improvements.

According to the auditors Fisheries Bank prime rate was applied only to the public and entrepreneurs in one loan product targeting gave lower the lending rate by applying the average prime rate of 0.53 to 1.86 percent points, fishermen have lower levels than the average of 0.37% points .

Among 70 of the Fisheries Bank loan products targeted by the fishermen it was also just a short 3. June 2004 based on bank loans Fisheries fishermen target the balance of the loan, while only 1.34% of the total 17.4 trillion won to 228.8 billion won.

Auditors were informed that "Let the fishermen to meet the established objectives to measures aimed to improve the work of the prime rate, etc. applied to provide a financial need, loan product development and design performance indicators' against the Fisheries Bank.

In addition, Seoul Guarantee Insurance has revealed problems improperly handles the compensation review services. According to the Seoul Guarantee Insurance Auditors did not properly investigate the damages, such as compensation, while the review of the implementation of one loan guarantee insurance A saga charged in March last year. Eventually he paid the insurance money of 824 million won, including 409 million won to be excluded from insurance payments destination.

Auditors were informed that against the Seoul Guarantee Insurance "Be disciplined employees who neglect the compensation review services, and provide a way to recover the improperly paid claims.

Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com