Hana Bank "IRP Yield 5.3% in Q2 This Year... 3 Consecutive Quarters as No.1 Among Banks"

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 5th that its individual retirement pension (IRP) yield in the second quarter of this year recorded 5.3%, achieving first place among banks for three consecutive quarters. In addition, IRP reserves increased by 33.1% during the same period, ranking first in growth rate among banks.

Hana Bank explained that this was due to its high-yield pension portfolio and the enhanced asset management capabilities of its employees. Since 2018, Hana Bank has been operating a pension expert course within the bank to accumulate employees' knowledge and experience in managing retirement pension assets.

Furthermore, to provide excellent retirement pension funds, the bank releases products that meet strict pre-inspection guidelines, and every quarter, it reevaluates the funds on sale, excluding those with poor performance and risk management, and reorganizes the product lineup.

In addition, Hana Bank plans to introduce a yield management system for post-retirement pension management in August to provide customized consulting to customers visiting branches, and in the second half of the year, it will embed the system in the Hana One Q mobile app so that customers can use it directly.

Moreover, the Hana Bank Pension Customer Management Center operates tax consultation services via phone and face-to-face consulting services where pension experts visit customers directly for retirement asset management. The bank plans to continue its omni-channel strategy so that customers can manage their pension assets through various channels.

Kim Misook, head of Hana Bank’s Pension Business Division, said, “We provide asset management services through various channels to meet the increasing demand for retirement pensions,” adding, “We will firmly establish our position as the number one pension bank through continuous system advancement for systematic management of customers’ retirement assets.”

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