Nine Financial Companies Selected for Excellence in Forecasting and Potential Risk Management
"Considering Not Only the Level of Each Individual Indicator but Also the Degree of Improvement"
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[Asia Economy Reporter Park Sun-mi] On the 30th, the Korea Deposit Insurance Corporation announced that it selected nine financial companies with excellent potential risk management and awarded plaques.
During the operation of the differential insurance premium rate system, which applies different deposit insurance premium rates according to risk levels, key potential risks were selected by industry, and financial companies with outstanding performance were commended.
Specifically, in the household debt risk assessment evaluating potential risks due to increases in household loans, Woori Bank and Namyang Savings Bank were selected, and in the credit mixed index indicating the relative risk of the credit portfolio, Gwangju Bank and S&T Savings Bank were selected. For insurance companies, Samsung Fire & Marine Insurance and Orange Life were selected for the high-risk asset management ratio, which is pointed out as a risk factor in the continued low interest rate environment, and NH Nonghyup Property & Casualty Insurance was selected for the interest rate risk ratio.
Additionally, for financial investment companies, Hanyang Securities and Bookook Securities, which showed relative stability in the debt guarantee ratio and credit exposure asset ratio measuring risks due to the recent significant increase in debt guarantees and high-risk asset management, were selected respectively.
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A representative from KDIC stated, "The selection of excellent financial companies in potential risk management considered not only the level of each individual indicator but also the improvement," and explained, "The annual commendation is part of efforts to continuously issue alerts about potential risks and to raise the interest of financial companies."
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