After NongHyup, KB Kookmin Bank Faces Financial Supervisory Service Inspection for Over 10 Billion Won Improper Loans...

A financial accident involving improper loans worth over 10 billion KRW occurred at KB Kookmin Bank.

According to the banking sector on the 13th, a branch of KB Kookmin Bank in the Anyang area of Gyeonggi Province handled a commercial mortgage loan of 10.4 billion KRW. However, KB Kookmin Bank's internal audit revealed that these loans were executed based on the initial sale price rather than the actual discounted sale price.

Since the commercial property had remained unsold for several years, it was sold at a price lower than the original sale price, but the collateral value was fully assessed at the original sale price, resulting in excessive loans and potential charges of breach of trust in the course of duty.

KB Kookmin Bank reported the detection to the Financial Supervisory Service (FSS) earlier this month, and the FSS has been conducting an on-site inspection since the 11th. The employee responsible for the loan is currently excluded from work duties.

Recently, loan accidents have been occurring at major commercial banks. Previously, NH Nonghyup Bank also disclosed on the 5th that a financial accident involving breach of trust amounting to 10.947 billion KRW had occurred. Suspicious breach of trust was found during the process of granting real estate-related mortgage loans by a bank employee in charge of credit operations, and the FSS is conducting an inspection.

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