BNK Gyeongnam Bank Ranks 3rd Among Banks in DC-Type Retirement Pension Returns

Comparison Report of Performance Over 3 Years with Extended Target Period
Achieved Top Returns Among Banking Sector Entrepreneurs

BNK Gyeongnam Bank's defined contribution (DC) retirement pension fund performance has been favorable in both the short and long term.

Gyeongnam Bank Headquarters.

According to the recent disclosure on the Financial Supervisory Service's Integrated Pension Portal, BNK Gyeongnam Bank announced on the 31st that its DC yield for the third quarter of this year (based on principal and interest not guaranteed) was 9.13%, ranking 3rd among banks including commercial and regional banks.

In particular, even when comparing performance over an extended period of 3 years or more, BNK Gyeongnam Bank achieved high yields among 12 banking operators, ranking 2nd for the past 3-year yield (0.79%), 3rd for the past 5-year yield (0.51%), 3rd for the past 7-year yield (1.38%), and 2nd for the past 10-year yield (1.64%).

Aside from the DC retirement pension yield, BNK Gyeongnam Bank also ranked high among banks in other types of retirement pension plans, such as the defined benefit (DB) retirement pension and individual retirement pension (IRP).

The DB retirement pension yield for the third quarter of this year was 8.55%, ranking 4th, and the IRP yield was also 8.54%, ranking 4th.

Hwang Jae-cheol, Executive Director of the Asset Management Headquarters, stated, “After 15 years since its introduction, the retirement pension market should pursue qualitative growth rather than quantitative growth. We will strive to improve yields by providing excellent products so that customers can dream of a happy retirement, and enhance service satisfaction by strengthening communication with customers.”

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