HB저축은행 주부대출According to the savings bank industry on the 18th, ES Savings Bank changed its existing name to ‘HB Savings Bank’ in December of last year. With this, HB Savings Bank has set a record of changing its corporate name three times in the past two years. Previously, HB Savings Bank changed its name from Sambo Mutual Savings Bank to Live Savings Bank in August 2019, and then from Live Savings Bank to ES Savings Bank in November 2020.
HB Savings Bank explained that this name change was a measure for ‘changing and unifying the names of affiliates’. An HB Savings Bank official said, “We changed the name to change the names of affiliates and achieve unification.”
This name change seems to be HB Savings Bank’s intention to renew its corporate image, which was tarnished by the heavy punishment from financial authorities last year. HB Savings Bank was found to have committed numerous illegal acts in the process of focusing on equity-linked bond (CB/BW) loans after acquiring the former Sambo Savings Bank in 2020, as a result of the Financial Supervisory Service’s inspection conducted during the Live Savings Bank era.
The illegal acts of HB Savings Bank detected by the financial authorities at the time were handling individual borrowers’ credit limit exceeding limits and unfairly providing financial benefits to major shareholders. In addition, HB Savings Bank was found to have interfered with the authorities’ inspection by replacing the PC hardware of its employees and submitting false information when the Financial Supervisory Service’s inspection was conducted.
In response, the financial authorities suspended HB Savings Bank’s ‘new securities collateral loan business’ for six months from January to July of last year and imposed a fine of 9.11 billion won and a penalty of 74 million won. In addition, the former CEO was recommended for dismissal (substantial), the former auditor and former head of the headquarters were suspended (for 3 months), and 5 employees including the former team leader were given salary cuts (for 3 months). This is the heaviest disciplinary action since mutual savings banks were notified of a mass suspension of business due to the savings bank insolvency in 2011. Meanwhile, the number of sanctions the savings bank industry received from financial authorities last year was a total of 9, a 61% decrease from 23 the previous year. The sanctioned institutions include Pepper Savings Bank, Sangsangin Plus Savings Bank, Sangsangin Savings Bank, OK Savings Bank, CK Savings Bank, OSB Savings Bank, JT Chinae Savings Bank, and Eugene Savings Bank. Reporter Park Gwan-hoon open@dealsite.co.kr ⓒLooking at the market with new eyes. Dealsite Prohibits unauthorized reproduction and distribution
