Busan Bank Selected as Outstanding Bank for 'Individual Business Loan 119' in the First Half of 2020

Ranked No.1 in the Small and Medium-Sized Bank Sector for 2 Consecutive Times, 50 Billion Won Support

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] BNK Busan Bank announced on the 3rd that it was selected as an excellent bank in the small and medium-sized bank category in the Financial Supervisory Service's 2020 first half evaluation of the ‘Personal Business Loan 119’ operation performance.

The ‘Personal Business Loan 119’ excellent banks have been selected once each in the first and second half of the year since 2017 by the Financial Supervisory Service, which classifies banks into large and small-to-medium-sized based on their size and conducts a comprehensive evaluation of support performance and operational systems.

‘Personal Business Loan 119’ is a system that alleviates the debt repayment burden by refinancing or extending the maturity of loans for personal business owners who temporarily face difficulties in debt repayment due to liquidity shortages.

Busan Bank was ranked first in the small and medium-sized bank category for two consecutive times, including the second half of 2019, by supporting 916 cases and 50 billion KRW through the ‘Personal Business Loan 119’ program during the first half of this year.

Son Dae-jin, Head of Credit Sales Division at Busan Bank, said, “Busan region, which has the highest proportion of small business owners nationwide, has been hit hardest by COVID-19, making proactive financial support more urgent than anywhere else.” He added, “We will continue to expand customized support activities for local small business owners.”

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