When calculating the loan-to-deposit ratio, promote a plan for adjusting the weights of members and non-members
(Seoul = Yonhap News) Reporter Kim Nam-kwon and Lim Soo-jeong = The financial authorities are promoting a plan to allow more loans to members from mutual financial associations such as Nonghyup and Credit Union.
As some employees of the Korea Land and Housing Corporation (LH), who are suspected of land speculation, are known to have received land mortgage loans from North Siheung Nonghyup as non-members, more attention is paid to the system improvement process.
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An official from the financial authorities said on the 21st, “In the case of the increase in mutual finance loans, we are trying to increase the number of member loans.”
The ratio of loans to members and non-members in mutual finance differs by business sector.
Credit unions must return two-thirds of their loans to members.
In the case of the Nonghyup, loans to members are half, which includes loans to associates and considered members.
Quasi-members refer to people who live in unit agricultural cooperatives and do not farm, groups created by farmers, etc. Considered members include members of other unions or direct survivors who share a living with a member.
In the end, it is a structure in which more than half of the loans from the Agricultural Cooperatives go out to those who do not farm.
As it was pointed out that member-centered loans should be issued, the financial authorities decided to correct the enforcement regulations.
When calculating the loan-to-deposit ratio (ratio of loans to deposits) of mutual finance that is less than 80-100%, a plan to lower the weight of members and increase the weight of non-members is considered.
Currently, the weight of members and non-members is the same as 1, but it means that we will further increase the loan capacity for members by discriminating against the weight.
When calculating the loan-to-deposit ratio, the loan amount goes to the numerator, but as the member weight decreases, the numerator value decreases and the loan-to-deposit ratio falls. As the loan-to-deposit ratio declines, it means that there is more room for loans to be returned to members.
There is also a method of increasing the weight of non-members while keeping the member weights unchanged.
An official from the financial authorities said, “We are considering two options, and naturally, member loans will increase or non-member loans will decrease,” he said.
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The financial authorities have pushed forward a plan to expand member loans even before the’LH incident’ occurred.
However, as it is known that LH employees have received land mortgage loans from non-members, and there are criticisms that the rapidly increasing non-housing mortgage loans from mutual financing are being returned to outsiders who do not have a local connection, rather than members, there is a situation in which the adjustment of the regulations will be accelerated. It is a prospect.
In the case of mutual finance, the balance of non-housing mortgage loans, including land, was 257 trillion won as of December last year, an increase of 30 trillion won from a year ago.
The increase from the previous year was in the second half of 10 trillion won in 2017 (19 trillion won), 2018 (18 trillion won), and 2019 (16 trillion won), but it surged over 30 trillion won last year.
Of course, there is not much demand for loans from farming union members, and there is a concern that loans for agricultural funds are relatively insolvent, so there is not a strong trend within the financial authorities that a major institutional reform is necessary in terms of soundness.
Therefore, when calculating the loan-to-deposit ratio, the financial authorities are thinking that they will make more loans to members by adjusting the weight.
The pace of work by the financial authorities to check the status of non-home mortgage loans in the entire financial sector is also accelerating. The criticism that LH employees were in the blind spot of regulation and supervision compared to mortgage loans compared to mortgage loans was criticized on a daily basis.
There is a total scale of non-housing mortgage loans, but there are no figures for detailed items such as land and shopping malls, so we are working on making statistics.
The Financial Supervisory Service receives written data from each financial institution and checks the size of loans by region and type.
Based on this, the financial authorities are expected to determine the targets that need on-site inspection.
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2021/03/21 17:20 sent