NH Nonghyup Bank, Over 3,000 Employees Join Hands for Heavy Rain Damage Recovery 'Helping Hands'

Support for Heavy Rain Damage Recovery Activities by Over 3,000 Employees in 34 Regions Nationwide

More than 50 executives and employees of NH Nonghyup Bank Central Headquarters visited the heavy rain damage area in Icheon-si, Gyeonggi-do on the 11th and carried out restoration work on greenhouses flooded by the heavy rain.

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced on the 12th that over 3,000 employees from 34 regions nationwide have been participating in volunteer work to assist with heavy rain damage from the 10th to the 31st, a period of about three weeks.

According to the 'Comprehensive Nonghyup Plan for Assisting Rural Labor to Overcome Heavy Rain Damage,' the Nonghyup Bank Central Headquarters and each sales headquarters are assessing the damage status and providing manpower, relief supplies, meal relief vehicles, professional laundry vehicles, and excavators.

Financial support for affected farms is also underway.

NH Nonghyup Bank stated that it is offering disaster recovery loans with preferential interest rates up to 1.6%p for agricultural workers and small and medium-sized enterprises affected by the heavy rain, with corporate funds up to 500 million KRW and household funds up to 100 million KRW. In addition, interest and installment repayments on existing loans are deferred for up to 12 months. Applications for credit card bill payment deferrals of up to six months are also being accepted for farmers and local residents affected by the heavy rain.

Son Byung-hwan, the bank president, said, “Extensive damage has occurred nationwide due to prolonged heavy rain,” and added, “Nonghyup Bank will do its utmost to support the prompt recovery from heavy rain damage and provide various financial supports to affected farmers, small business owners, and SMEs.”

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