BNK Kyongnam Bank Achieves No. 1 Industry-wide Return on DC-Type Non-Principal Guaranteed Retirement Pension Products

With a 16.59% Return Over the Past Year, Highest Among Banks, Securities, and Insurance Companies

BNK Kyongnam Bank announced on the 30th that its DC (Defined Contribution) non-principal guaranteed retirement pension product recorded the highest return rate among all financial institutions.

BNK Gyeongnam Bank Headquarters.

According to the Financial Supervisory Service's Integrated Pension Portal disclosure, as of the end of the second quarter of 2024, BNK Kyongnam Bank's one-year return rate for DC non-principal guaranteed products was 16.59%, ranking first among 42 banks, securities firms, and insurance companies offering retirement pension services.

Additionally, the one-year return rate for individual IRP non-principal guaranteed products was 13.84%, ranking second among banks, while the DB (Defined Benefit) type also showed solid performance with a return rate of 11.00%, ranking third among banks.

Lee Junghoon, Head of the Pension Trust Business Division, said, "Achieving the top position in the DC non-principal guaranteed retirement pension product return rate across all financial sectors is the result of BNK Kyongnam Bank's dedicated efforts in product selection and management. We will continue to provide excellent retirement pension products and do our best to improve our customers' returns."

Previously, as of the end of the first quarter of 2024, BNK Kyongnam Bank's one-year return rate for DB non-principal guaranteed products was 11.46%, the highest among all banks, including both nationwide and regional banks.

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