NongHyup Bank Launches 'NH Eco-Friendly Corporate Preferential Loan' Favoring ESG-Committed Companies

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 26th that it will launch the ‘NH Eco-friendly Enterprise Preferential Loan,’ which offers preferential loan limits and interest rates to eco-friendly management excellent companies in line with the Green New Deal policy direction.

This product supports working capital and facility funds for all companies contributing to green growth. For companies recognized as excellent in environmental performance evaluation by the Korea Environmental Industry & Technology Institute and those with green certification (label certification), it is an ESG-specialized product that provides up to a 1.5 percentage point interest rate discount and additional loan limits based on their contribution to ESG (Environmental, Social, and Governance) environmental management.

In particular, for the first time in the financial sector, companies participating in government ministry-led ESG campaigns (such as K-RE100, K-EV100) are offered a 0.1 percentage point interest rate discount, and companies receiving loans are also provided with NH Nonghyup Bank’s specialized services, including agricultural and food enterprise consulting.

Junsup Ji, Head of the Agriculture and Green Finance Division, stated, “NH Nonghyup Bank, based on agriculture and rural areas, will fulfill its responsibility and role as an ESG leading bank through active support for companies practicing ESG management such as green industries and eco-friendly enterprises.”

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