Daegu Bank, First Regional Bank to Approve Investment-Oriented Technology Evaluation Model

[Asia Economy Reporter Minyoung Kim] DGB Daegu Bank announced on the 6th that it received approval for its investment-oriented technology evaluation model from the Financial Services Commission's "2020 First Half Bank Sector Technology Finance Performance Evaluation Results and Self Technology Finance Evaluation Level Review Results," and newly entered Level 4, the highest stage of technology evaluation capability.

Investment-oriented technology evaluation predicts growth potential based on a company's technological capabilities and is used by investment financial institutions (venture capital, Growth Ladder Fund, etc.) to select target companies for investment, becoming an important funding method for technology-based companies.

As the first regional bank to receive approval for an investment-oriented technology evaluation model, Daegu Bank can further strengthen its role as a supportive bank that helps customers grow by discovering and investing in excellent technology-based companies through its own technology evaluation or providing technology capability diagnosis services for companies seeking to use investment financial institutions.

Additionally, Daegu Bank entered Level 4, the highest stage of technology evaluation capability, in this review. The "Level Review" is a procedure that evaluates each bank's technology evaluation capability and expertise, gradually expanding the proportion of technology finance supply possible through the bank's own technology evaluation rather than TCB company evaluations.

The decision to conduct self-evaluation and its level is determined by factors such as the number of experts, the quality of evaluation reports, and performance and physical requirements. As a result of this year's evaluation, Daegu Bank newly entered Level 4. With this Level 4 entry, it is now possible to support technology finance through self-technology evaluation without loan amount restrictions, and it plans to expand technology finance support in Korean New Deal sectors such as Digital New Deal and Green New Deal.

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