NH Nonghyup Bank Offers Up to 1.7%p Interest Rate Benefits to Members of the Korean Pharmaceutical Association

Acceleration of 'NH Medical Loan' Promotion through Business Agreement on Financial Support with the Korean Pharmaceutical Association

On the 9th, Son Byunghwan, President of NH Nonghyup Bank (right in the photo), and Kim Daeup, President of the Korea Pharmaceutical Association (left in the photo), are taking a commemorative photo after signing a business agreement at the Korea Pharmaceutical Association building in Seocho-gu, Seoul.

[Asia Economy Reporter Park Sun-mi] NH Nonghyup Bank announced on the 10th that it signed a business agreement for financial support with the Korea Pharmaceutical Association at the Korea Pharmaceutical Association Hall located in Seocho-gu, Seoul.

Through this business agreement, Nonghyup Bank will provide NH Medical Loan preferential interest rates and customized financial services for members of the Pharmaceutical Association. The Korea Pharmaceutical Association will post the NH Medical Loan product on its website and build a continuous cooperative relationship through promotions using affiliated branches and sub-branches of the Korea Pharmaceutical Association.

The NH Medical Loan is a credit loan in the form of a minus account that allows business operators running medical institutions such as hospitals, clinics, pharmacies, and elderly care facilities to freely deposit and withdraw up to the lesser amount between half of their annual sales or the annual nursing care benefit amount received from the National Health Insurance Service. Interest rate benefits of up to 1.7 percentage points are available, including a maximum preferential rate of 1.0 percentage point under the agreement.

President Son Byung-hwan said, “I believe that this agreement will develop into a future-oriented relationship as strong partners by providing customized financial support services for members of the Korea Pharmaceutical Association,” adding, “In particular, Nonghyup Bank’s position as a financial loan support business operator for nursing institutions selected by the National Health Insurance Service in June will be further solidified.”

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