Gyeongnam Bank Provides Emergency Loans Up to 500 Million KRW to Companies Affected by Heavy Rainfall
[Asia Economy Reporter Minyoung Kim] BNK Gyeongnam Bank is allocating 50 billion KRW in emergency management stabilization funds to support companies affected by heavy rain.
On the 11th, Gyeongnam Bank announced that it will provide emergency financial loans to local small and medium-sized enterprises (SMEs) damaged by disasters such as heavy rain and typhoons.
This financial loan, with a limit of 50 billion KRW, will be supported up to 500 million KRW per company, with an interest rate reduction of up to 1.0 percentage point.
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Also, considering the urgency of disaster damage, extensions and deferments of installment repayments will be promptly handled by branch managers' full authority.
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