◀ Anchor ▶
The difference between deposit interest and loan interest.
Last month’s deposit-deposit interest rate differential was announced today.
I’ve been doing it every month since last year, but it’s getting attention once more.
This is because the President recently pressured banks to reduce their loan-to-deposit margins, saying that banks are having a money feast with interest income.
Reporter Ayoung Kim will tell you.
◀ Report ▶
This is the difference between deposit and deposit interest rates of the five major commercial banks last month.
Kookmin Bank came out the highest with 1.51%p, and Shinhan Bank with the smallest difference was 0.84%p.
The deposit-deposit interest rate gap, which had been on a downward trend for the past half year, widened significantly once more.
At Kookmin Bank, where the deposit-to-deposit gap widened the most, the deposit interest rate dropped by 0.72 percentage point while the loan interest rate fell by 0.01 percentage point.
The larger the interest rate difference, the greater the interest income.
Last week, the president criticized banks for playing money and even directly mentioned a plan to reduce the deposit-to-deposit margin.
[윤석열 대통령]
″The financial sector is a government patent business that has a strong public good character and maintains an oligopoly. I think it is necessary to voluntarily participate in pain sharing.″
Previously, the head of the Financial Supervisory Service warned not to raise the loan interest rate excessively, and Ho-young Joo, the People’s Power representative, also put pressure on the bank, saying that the common people are having difficulties due to the large difference in interest rates between deposit and university.
Kookmin Bank, which is currently inconvenient to rank first in the loan-deposit margin gap, announced that if a maximum 1.3% point cut in household loan interest rates is applied soon, it will be reflected in the deposit-deposit interest rate gap next month.
The reduction in lending rates is expected to spread by lowering the spread rate and raising the prime rate.
[이정환/한양대학교 금융경제학부 교수]
″The spread is the profit part of the bank, and then it is the part where certain credit risks of the individual are reflected. If the profit part of the bank can be reduced a little, (there is room) that the spread rate can probably reduce the difference between the deposit and the deposit interest rate.″
The financial authorities plan to promote competition by shaking up the oligopoly system of banks and to check the adequacy of the remuneration system, such as incentives.
Regarding this, the financial union criticized, ″The current oligopoly system is not the greed of banks, but a system developed by the market following the IMF intervention by the government.″
This is Kim Ah-young from MBC News.
Video editing: Min Kyung-tae
