Enter 2021-03-21 11:22 | Revision 2021-03-21 12:01
With the rapid spread of non-face-to-face finance, the number of employees at the four major commercial banks in Korea decreased by 2,600 in the last three years.
While the number of employees was decreasing, the average salary level of the banking sector rose rapidly, and the average annual salary of bankers reached 100 million won. Last year, in some banks, hopeful retirees overtook the bank president to win the’annual salary king’, while’gold retirees’ who received more than 1 billion won in severance pay alone appeared for the first time and attracted attention.
According to each bank’s business report on the 21st, the number of employees at four commercial banks, including KB Kookmin, Shinhan, Woori, and Hana, was 57,896 as of the end of last year, down 2561 (4.2%) from 63,457 at the end of 2017. .
Separating regular workers and non-permanent contract workers, excluding fixed-term workers, showed a further decline. The number of non-fixed employees decreased by 2797 (4.9%) from 57,540 to 54743 during the same period.
On the other hand, the number of fixed-term workers increased by 1082 from 2917 to 3999 over the same period. By bank, Hana Bank’s employee decline was the largest at 1293, followed by △Kookmin Bank 625 △Woori Bank 475 △Shinhan Bank 168.
Although the number of employees has decreased, the average salary level has steadily increased each year.
The average annual salary of the employees of the four banks increased by 7.75 million won (8.6%) over the past three years from 90.25 million won in 2017 to 98 million won last year. By bank, Kookmin Bank increased by 13 million won, the largest increase, while Woori Bank increased by 8 million won and Shinhan Bank and Hana Bank increased by 5 million won.
As of the end of last year, Kookmin Bank (KRW 140 million) had the highest average employee salary, followed by ▲ Hana Bank 97 million won ▲ Shinhan Bank 96 million won ▲ Woori Bank 95 million won.
The number of stores is rapidly decreasing as the number of stores is being consolidated and reduced, along with the reduction of manpower.
The number of branches of the four major banks decreased by 260 in two years from 3563 at the end of 2018 to 3303 at the end of last year. Hana Bank reduced its number of branches by 102, which led to the largest drop in branches, while Kookmin Bank cut 85, Woori Bank 56, and Shinhan Bank 17 respectively.
Last year, Hana Bank and Woori Bank’s’Annual Salary King’ was named by a retiree who was not the head of the bank. In addition, at Hana Bank, there were four’gold retirees’ who left the bank after receiving a retirement allowance of about 1 billion won.
Looking at each bank’s business report, Hana Bank’s top five annual salaries were all accounted for by manager-level retirees. Each of these five received an annual salary of 1.2 billion won and received more than 200 million won more than Hana Bank President Ji Seong-gyu, who received 1,022 billion won. In particular, four out of these five received over 1 billion won in severance pay alone.
Woori Bank also filled the top 5 positions in’salary salary’, including’salary king’, by honorary retirees at the senior level. They received 200 million to 300 million won more than Woori Bank President Kwon Kwang-seok, who received 570 million won to 870 million won in annual salary last year. Two out of five received severance pay over 800 million won, and three received 700 million won.
Shinhan Bank received 1.13 billion won and all four of them were retirees, except for Jin Ok-dong, who was ranked in the annual salary king. The severance pay they received was in the mid-700 million range to early 800 million won.
In the same way, Kookmin Bank received 1.86 billion won out of the top 5 annual salaries, and all four were hopeful retirement employees, except for Bank President Huh In, who was ranked in the annual salary king. Three out of these four had severance pay around 700 million won.
Last year, major banks increased their hopeful retirement compensation more than the previous year, suggesting “generous conditions” that add up to three years’ worth of wages plus school expenses and support for retirement, and encouraged more employees to voluntarily retire.
As fund sales contracted last year due to the successive private equity crisis, commercial banks’ net commission (commission income-commission cost) revenue decreased significantly at the same time.
By bank, △ Woori Bank -186.7 billion won △ Shinhan Bank -132.4 billion won △ Hana Bank -100.4 billion won △ Kookmin Bank -65.4 billion won.
This reduction in commission income is attributed to the incomplete sales of foreign interest rate-linked derivatives-linked funds (DLF) and the cessation of large-scale redemption of Lime and Optimus funds.
An official from the banking sector explained, “The fund sales contracted due to the DLF, Lime, and Optimus incidents, which led to a decrease in commission income, and last year’s banks’ non-interest income significantly decreased.”
Another bank official said, “In addition to the contraction of the private equity market and the decrease in sales of products such as funds, the decrease in commission income is also a decrease in remittance fees and electronic finance fees due to an increase in fintech competitors, and a decrease in foreign currency fees due to a decrease in trade and foreign exchange transactions due to Corona 19. It had an effect,” he said.
Press releases and article reports [email protected]
[자유민주·시장경제의 파수꾼 – 뉴데일리 newdaily.co.kr]
Copyrights ⓒ 2005 New Daily News-Unauthorized reproduction, redistribution prohibited
recommendation
Related Articles It’s good to read it with the article you just saw!
Vivid
Headline news Meet with the main news at this time.