Saturday, 25 May 2024

Best Custodian Bank in South Korea and Asia - Kookmin Bank

5 min read

By The Asian Banker

For 20 years, this bank held the top spot in market share at 15.70% among domestic custodian banks in South Korea. The bank dominates in investment trust, overseas investment trust, variable insurance deposits and foreign domestic investment trust sectors.

In 2022, the average custody fee rate was 1.51 basis point, up 0.07bp, as a result of the custody fee system. Profit increased by approximately $9.2 million to $28 million, helped by the new fee rate that reflects the risks and work costs of the custody business.

For its optimum growth and profitability,the award for Best Custodian Bank in Asia goes to Kookmin Bank.

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