Last year, trust assets increased by 12% to 1,167 trillion won… 14% increase in trust fees

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Financial Supervisory Service “Business performance improvement…Real estate trust soundness and risk monitoring”

Trends in Trust Amounts by Trust Property

[금감원 제공. 재판매 및 DB 금지]

(Seoul = Yonhap News) Reporter Joo-hyeon Oh = The size of trust assets, in which financial companies receive commissions to manage and manage assets, increased to nearly 1,167 trillion won last year.

Trust fees earned by financial companies also increased by about 14%.

According to the Financial Supervisory Service on the 18th, the total amount of trust of 60 trust companies at the end of last year was 116.7 trillion won, up 12.3% from a year ago.

By property, money trusts (586.2 trillion won) increased by 15.1% (76.7 trillion won), led by retirement pension trusts and time deposit trusts of concurrently managed trust companies. Among them, the size of the retirement pension trust increased 32.1% to 212.7 trillion won.

Property trusts (579.9 trillion won) increased by 9.6% (50.6 trillion won), led by real estate collateral trusts of banks and real estate trust companies.

Trends in deposits by business area
Trends in deposits by business area

Banks (42.5%) had the highest market share by industry, followed by real estate trust companies (29.3%), securities companies (26.6%), and insurance companies (1.6%).

Securities companies (310.7 trillion won) and real estate trust companies (342.4 trillion won) saw their trusts increase by 23.7% and 23.4%, respectively.

The amount of trusts from banks (495.4 trillion won) and insurance companies (18.2 trillion won) also increased by 0.6% and 1.7%, respectively.

Trust fees earned by financial companies last year totaled 2.2 trillion won, up 14.4 percent from the previous year.

In banks, remuneration for retirement pension trusts (+44.7 billion won) and stock-linked trusts (+43.4 billion won) increased significantly, and at securities companies, remuneration for retirement pension trusts (+13.6 billion won) and stock trusts (+198 billion won) increased significantly.

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At real estate trust companies, the remuneration of managed land trusts (+10.3 billion won) increased.

The Financial Supervisory Service said, “Despite the prolonged COVID-19, the overall business performance of trust companies has improved, with the amount of trust and trust fees increased compared to the previous year due to stronger sales of trust products.”

The Financial Supervisory Service announced that it will monitor market changes according to the growth of the trust market in the future.

For real estate trust companies that are sensitive to fluctuations in the real estate market, they plan to strengthen the analysis and inspection of financial soundness and asset management risks.

Current status of trust fees by business area
Current status of trust fees by business area

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2022/04/18 06:00 Send

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