Hana Bank Dispatches 45 Employees to Shinbo Foundation... Cooperates in COVID-19 Loan Screening

Jiseonggyu Hana Bank President

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 19th that it will engage in comprehensive collaborative work, including dispatching bank employees to the Credit Guarantee Foundation, to provide rapid financial support to small business owners struggling due to the novel coronavirus infection (COVID-19).

This collaboration aims to address the prolonged processing times caused by the surge in emergency fund applications due to COVID-19 damages by directly dispatching Hana Bank employees to regional Credit Guarantee Foundations to cooperate on consultations, screenings, and various other tasks.

Hana Bank plans to shorten the guarantee issuance time by dispatching 45 employees to regional Credit Guarantee Foundations such as in Busan. Additionally, it will establish a rapid response system by matching 130 bank branch offices with the Seoul and Gyeonggi Credit Guarantee Foundations to handle consultations on behalf of the foundations and immediately dispatch bank employees upon request.

Furthermore, to support fast and accurate loan screening and execution in the Daegu and Gyeongbuk regions, which have been severely affected by COVID-19, Hana Bank will increase the number of credit screening specialists. Dispatching credit screening officers will also be conducted as needed.

Jisung Kyu, CEO of Hana Bank, stated, “We will actively cooperate with the Credit Guarantee Foundation to ensure that rapid financial support for small business owners affected by COVID-19 is the top priority, and we will actively provide all available bank resources, including personnel and systems.”

This content was produced with the assistance of AI translation services.