Operation of Local Government Treasury Accounts Dominated by More Than Half of Commercial Banks

Assemblyman Lee Heunseung: "Consideration for Regional Banks Needed"

It has been revealed that more than half of the district and county-level treasury accounts nationwide are operated by commercial banks.

According to data submitted by the Ministry of the Interior and Safety to Lee Heon-seung, a member of the People Power Party, out of 155 district and county-level treasuries in Busan, Gwangju, Jeonbuk, Jeonnam, Gyeongnam, and Jeju, 80 are operated by commercial banks.

As of January 1 this year, in Busan, the main treasury accounts are operated by Busan Bank with 15 and NH Nonghyup Bank with 2. The sub-treasury accounts are operated by Busan Bank with 1, Nonghyup Bank with 11, and Kookmin Bank with 4. In Gwangju, the main treasury accounts are operated by Gwangju Bank with 5 and Nonghyup Bank with 1, while the sub-treasury accounts are operated by Gwangju Bank with 2 and Kookmin Bank with 3.

In Jeonbuk, Jeonnam, and Gyeongnam, most of the main treasury accounts are operated by Nonghyup Bank. In Jeonbuk, one main treasury account is operated by Jeonbuk Bank, and 14 by Nonghyup Bank. The sub-treasury accounts are operated by Jeonbuk Bank with 12 and Nonghyup Bank with 1. In Jeonnam, the main treasury accounts are operated by Gwangju Bank with 1 and Nonghyup Bank with 23, while the sub-treasury accounts are operated by Gwangju Bank with 18 and Nonghyup Bank with 1. In Gyeongnam, the main treasury accounts are operated by Gyeongnam Bank with 1 and Nonghyup Bank with 18, and the sub-treasury accounts are operated by Gyeongnam Bank with 18 and Nonghyup Bank with 1.

Rep. Lee stated, “As the market share of local banks in corporate loans within the region declines, the difficulties are increasing as they are losing even the rights to operate local government treasuries,” adding, “Since the operation of local government treasuries is an important foundation for supplying funds within the region, consideration for local banks is necessary when bidding for the operation rights.”

Lee Heon-seung, Chairman of the National Committee, is presiding over the 7th National Committee meeting of the People Power Party held on the 9th at the National Assembly to elect a successor to former Supreme Council member Tae Young-ho, who voluntarily resigned. Photo by Kim Hyun-min kimhyun81@

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