Jinan-gun Selects NongHyup and Jeonbuk Bank as Next Treasury Banks

From Next Year Until 2023

Photo by Jinangun

[Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] Jinangun, Jeonbuk, has selected Nonghyup Bank and Jeonbuk Bank as the next county treasury management institutions.

On the 28th, according to the county, since the current treasury contract period expires on December 31, Nonghyup Bank and Jeonbuk Bank were selected as the next county treasury management institutions.

Jinangun announced a public competitive application on July 17 to designate the next treasury, and as a result, NH Nonghyup Bank and Jeonbuk Bank submitted proposals.

The Jinangun Treasury Designation Deliberation Committee reviewed and evaluated the proposals submitted by the two financial institutions based on five criteria: ▲internal and external creditworthiness and financial structure stability of the financial institutions ▲loans and deposit interest rates for the county ▲convenience for local residents ▲treasury management capability ▲contribution to the local community and cooperative projects with the county.

As a result of the evaluation, Nonghyup Bank was selected as the first priority and Jeonbuk Bank as the second priority. The selected county treasuries will perform county treasury duties for the next three years from next year until 2023.

The first treasury, Nonghyup Bank, will operate five other special accounts including the general account and rural income support, and two funds.

Also, the second treasury, Jeonbuk Bank, will operate four other special accounts including water supply and water quality improvement, and three funds including the Food Promotion Fund.

A Jinangun official said, “The final treasury contract is scheduled to be signed after announcing and notifying the treasury designation results next month.”

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