BNK Savings Bank and Mugunghwa Trust Sign 'Business Agreement for Mutual Growth'

Providing Customized Financial Services by Combining Real Estate Information and Financial Know-How

From the right in the photo: Seong Myeonghwan, CEO of BNK Savings Bank; Oh Changseok, Chairman of Mugunghwa Trust; and Choi Byunggil, Vice Chairman. (Photo by BNK Savings Bank)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Savings Bank announced on the 21st that it has signed a 'Business Agreement for Synergy Creation and Mutual Growth' with Mugunghwa Trust.

Mugunghwa Trust is a real estate trust company that ranked first in trust company orders (as of Q1 2020) and has recently secured numerous redevelopment projects, standing out in the trust-based maintenance business market.

This agreement, held at the BNK Savings Bank headquarters, was promoted to proactively respond to the rapidly changing real estate finance industry by combining the information and know-how on real estate finance possessed by both companies to enhance management efficiency.

Through this agreement, the two companies plan to collaborate on PF loans, investments, and real estate trust operations to provide customers with new forms of real estate financial services.

Seong Myung-hwan, CEO of BNK Savings Bank, stated, “We expect synergy to arise through the MOU with Mugunghwa Trust, which has abundant experience and expertise in real estate development projects,” and added, “This business agreement will strengthen flexibility and competitiveness in responding to changes in the financial market.”

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