Woori Bank Provides Customized Comprehensive Consulting for Customers Repaying Principal and Interest on COVID-19 Loans
[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 8th that starting from the 11th, it will provide customized comprehensive consulting services to small and medium-sized enterprises (SMEs) and small business owners who are currently receiving loan principal maturity extensions and interest payment deferrals due to temporary liquidity shortages caused by the prolonged COVID-19 pandemic.
Since April last year, Woori Bank has been supporting SMEs and small business owners experiencing temporary liquidity shortages due to COVID-19 by extending loan principal maturities and deferring interest payments, in accordance with the Financial Services Commission’s ‘Livelihood Finance Stability Package Program for COVID-19 Response.’
This consulting service will be provided promptly through close collaboration with the head office departments by analyzing the size, industry, and characteristics of the companies when corporate customers apply for consulting services at their branch offices, offering tailored comprehensive consulting such as cost reduction, sales recovery, and funding support.
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A Woori Bank official stated, “Through this consulting, we aim to help SMEs and small business owners overcome the crisis and recover liquidity amid the prolonged COVID-19 difficulties,” adding, “We will continue to fulfill our social responsibility in finance by supporting companies affected by COVID-19.”
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