Daegu Bank, DGB Saechulbal Credit Recovery Support

[Asia Economy Reporter Kim Min-young] DGB Daegu Bank announced on the 31st that it will implement the DGB New Start Credit Recovery Support Program for three months from the 1st of next month until the end of June, targeting financially marginalized groups experiencing economic difficulties.

The bank stated that this program applies the highest level of debt reduction rates among financial companies to provide recovery opportunities through debt adjustment to the region's financially marginalized groups.

In particular, reflecting the diverse characteristics of customers who have long overdue loans, a flexible reduction rate of 40-90% is applied, along with benefits to reduce repayment burdens such as long-term installment payments of up to five years and incentives for faithful repayment.

A Daegu Bank official said, "We will continue to carry out various credit recovery support programs for ordinary citizens and small and medium-sized enterprises to help local residents maintain smooth economic activities."

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