In the face of interest rate hikes, it was found that domestic banks posted record-breaking business performance through interest sales last year. Performance-based bonuses range from 300 to 400 percent of the basic salary, depending on the bank.

According to the financial sector on the 6th, Shinhan Bank, which recorded the highest performance ever, decided 361% of the basic salary as management bonus. This is a significant increase of 61% compared to the bonus 메이저놀이터 (300%) agreed upon in the collective bargaining agreement of the previous year. 300% will be paid in cash and 61% will be provided in the form of employee shares.

KB Kookmin Bank set 280% of the base salary as performance bonus. In addition, it plans to provide more than 3 million won per employee as a special incentive. NH Nonghyup Bank recently set a whopping 400% of the base salary as a performance bonus.

Last year, Hana Bank paid 300% and Woori Bank 200% performance bonuses, respectively. This year, it is expected that the performance bonus will be higher than last year as the performance has increased.

It is thanks to the record-breaking performance last year that banks have greatly increased bonuses and performance bonuses. In the past year alone, the benchmark interest rate has risen by 2.25 percentage points, and along with the high interest rate trend, domestic banks’ interest income has also risen significantly. According to the Financial Supervisory Service, domestic banks’ interest income from the first to third quarters of last year reached 40.6 trillion won, a 20.3 percent increase over the past year.

As interest rates continue to rise, commercial banks are renewing record-high performance one after another. The five largest financial holding companies are expected to generate annual net profits of 20 trillion won last year.

On the other hand, securities companies are expected to slightly reduce the amount of performance bonuses due to poor performance due to the sluggish stock market this year. It has already started manpower adjustment and organizational restructuring for risk management, centering on small and medium-sized enterprises.

According to FnGuide, a financial information company, the combined operating profits of Mirae Asset Securities, Korea Financial Holdings , NH Investment & Securities, Samsung Securities, Meritz Securities, and Kiwoom Securities last year totaled 4.685 trillion won, down 40 percent from the previous year.