광주은행 햇살론뱅크According to the Korea Federation of Banks’ public report on the status of domestic banks on the 14th, the socially responsible finance supply performance of the 18 major banks is 5.3999 trillion won, which is close to three times the amount of social contribution activities (1.8986 trillion won). Socially responsible finance refers to the supply performance of finance for the common people such as Saehui Hope Loan, Haetsal Loan 15, Haetsal Loan Youth, and Haetsal Loan Bank. Saehui Hope Loan is a customized loan for the common people provided by banks with separate screening criteria for low-income classes who have difficulty getting bank loans due to low income and low credit scores. Haetsal Loan 15 is a 100% guaranteed high-interest alternative product that provides loans of up to 20 million won to those with the lowest credit ratings with an annual income of 45 million won or less. Haetsal Loan Youth is a guaranteed loan product targeting the youth, and Haetsal Loan Bank is a guaranteed loan that helps low-income and low-credit people who used policy finance products for the common people to settle in the banking sector by improving their debt or credit rating. Sunshine Loan Bank is operated with the financial resources of bank contributions and lottery funds.
Among the 18 banks, Jeonbuk Bank has the largest social responsibility finance supply performance. Jeonbuk Bank’s 2022 social responsibility finance is 27.3 billion won for Saehimang Holssi, 149.3 billion won for Sunshine Loan 15, 39.3 billion won for Sunshine Loan Youth, and 1.1687 trillion won for Sunshine Loan Bank. This amount is 70 times the amount of support for small business finance and social contribution activities (19.2 billion won), such as dormant deposit contributions (1.19 billion won) and budget support for the Credit Recovery Committee (1.17 billion won). Jeonbuk Bank has adopted a strategy of increasing household loans by increasing the amount of guaranteed small business finance loans such as Sunshine Loan Bank.
In its management status disclosure report, Jeonbuk Bank announced that “due to the Bank of Korea’s base rate hike and the expansion of small business finance products, interest income in 2022 increased by 21% year-on-year to 595.2 billion won.” Due to the expansion of high-interest microfinance loan products, Jeonbuk Bank’s net interest margin (NIM) improved to 2.88% in 2022, and the household expected loan interest rate gap expanded significantly to 4.85% based on the new loan amount. Among the five major banks, Shinhan Bank’s social responsibility finance supply performance was the largest at KRW 779.8 billion. Shinhan Bank’s support for microfinance projects, such as dormant deposit contributions and budget support for the Credit Recovery Committee, amounted to KRW 63.1 billion. Woori Bank’s social responsibility finance supply scale also reached KRW 612 billion. The amount of social contribution activities supporting microfinance, such as dormant deposit contributions, amounted to KRW 57.9 billion. This was followed by Kookmin Bank (KRW 538.5 billion), Nonghyup Bank (KRW 534.1 billion), and Hana Bank (KRW 460.7 billion). Among specialized banks, the supply scale of Industrial Bank of Korea’s Sunshine Loan Bank, etc., was KRW 358.2 billion, far exceeding Suhyup Bank (KRW 5.7 billion). Among local banks, Busan Bank supplied 204.6 billion won in loans to the general public, which was twice that of Gwangju Bank (152.8 billion won), Daegu Bank (121.6 billion won), and Gyeongnam Bank (108.9 billion won). Among internet-only banks, Kakao Bank was the only one to handle 85.3 billion won in policy loans to the general public.
It is true that Jeonbuk Bank has significantly increased its handling of high-interest loans to the general public, but the bank’s contribution to the supplementary account, which provides credit guarantee services to the general public, was only 107.8 billion won. The supplementary account of the Korea Inclusive Finance Agency is a source of funds for credit guarantee services for the general public, such as the Workers’ Sunshine Loan and Sunshine Loan Bank, based on contributions from the government and financial companies.
Unlike Sunshine Loan Bank, Sunshine Loan Youth, which is operated through the Korea Inclusive Finance Agency’s self-reliance support account, is funded by government contributions and private donations, not financial company contributions.
