Low profits, Growing fees
Notwithstanding that the profit rate of banks is decreasing because of low interest rates, some local banks have kept their high commission fee policies that were set in the high interest rate period.
According to the financial field yesterday, only seven local banks lowered their commission fees by 1.2%, but four other banks still keep commission fees that were set in 1994.
The main reason that Woori bank, Shinhan bank, and KEB reduced their commission fees is due to their customers’ soaring complaints regarding unreasonable commission policies. Most bank customers have complained about their net profit rates that aren’t lower than the interest rate on time deposits.
The profit rate of the Private Pension Trust increased from 13% to 18% between 1994 and 1997, but down from 7% to 9% in 1999. Since the Private Pension Trust mainly aims at living costs for seniors, the customers can’t invest in dangerous assets, such as stocks, but on secure government bonds.
|
 / 입력시간: 2006. 04.01. 09:16
|
|
|
