[Infostock Daily= Reporter Park Hyo-sun] Major sales finance companies such as Woori Bank and Shinhan Bank have a war of nerves for the last minute to avoid becoming Bad Bank's the largest shareholder ahead of the launch of Bad Bank.
The Bad Bank is new management company that will take over Lime Asset Management Funds, which has been suspended repurchasing.
Twenty Lime funds sales finance companies who decided to participate in the establishment of Bad Bank have some coordination with each other in a big framework, but they have not reached an agreement on details.
Bad Bank' the largest shareholder depends on how to set the standard.
Woori Bank (357.7 billion won) has the highest sales amount of Lime funds based on a single financial company.
But based on the group companies, Shinhan Financial Group (Shinhan Financial Investment 324.8 billion won and Shinhan Bank 276.9 billion won) has the highest sales amount of Lime funds.
As the Financial Supervisory Service chief Yoon Seok-heon has announced the establishment of May, Lime funds sales finance companies should launch Bad Bank within this month after consultation as soon as possible.
But tense battle of the Lime funds sales finance companies to avoid becoming Bad Bank' the largest shareholder is expected to continue for a while.
For the Lime funds sales finance companies, it is burdensome to be the largest shareholder of Bad Bank because it can be branded as the company that sold the most Lime funds.
And the sales finance company, which become the largest shareholder of Bad Bank, will bear responsibility for investor compensation plan.
For this reason, it is not possible to exclude the possibility that Lime funds sales finance companies will pass this month to set the Bad Bank equity investment ratio.
The Financial Supervisory Service will proceed with the new registration examination and investment approval process as soon as the sales financial companies conclude the agreement to establish Bad Bank.
Reporter Park Hyo-sun hs1351@infostock.co.kr
