In September, Jeonbuk Bank Had the Largest Loan-Deposit Interest Rate Spread Among All Banks

[Asia Economy Reporter Eunju Lee] Among 19 banks in September, Jeonbuk Bank had the highest household loan-deposit interest rate spread. Among the five major commercial banks, NH Nonghyup Bank had the highest spread, and among the three internet banks, Toss Bank had the largest household loan-deposit interest rate spread.

According to the Bankers Association disclosure on the 20th, excluding policy-based low-income financial products, Jeonbuk Bank's household loan-deposit interest rate spread was the largest at 6.43%p in September. It was followed by Toss Bank at 5.07%p and Gwangju Bank at 4.16%p.

Among the three internet banks, Toss Bank had the highest household loan-deposit interest rate spread (5.07%p). K Bank recorded 2.78%p, and Kakao Bank recorded 1.99%p. In the case of Jeonbuk Bank and Toss Bank, the proportion of loans to low- and medium-credit borrowers is relatively higher compared to other banks, which is analyzed to have caused higher household loan interest rates.

Among the five major commercial banks, NH Nonghyup Bank had the highest household loan-deposit interest rate spread. NH Nonghyup Bank's spread was 1.90%p, followed by Shinhan Bank (1.54%p), Woori Bank (1.22%p), KB Kookmin Bank (1.20%p), and Hana Bank (1.18%p).

Including corporate loans, Jeonbuk Bank also had the largest overall bank loan-deposit interest rate spread at 5.33%p. Among the five major banks, NH Nonghyup Bank had the highest spread at 1.83%p, followed by Woori Bank (1.22%p), Shinhan Bank (1.13%p), KB Kookmin Bank (0.94%p), and Hana Bank (0.87%p).

This content was produced with the assistance of AI translation services.