Busan Bank Launches Loans for ESG Excellent Companies
[Asia Economy Reporter Kim Hyo-jin] BNK Busan Bank launched the ‘ESG Excellent Corporate Loan’ on the 9th, offering preferential loan conditions to outstanding companies in the fields of Environment, Social, and Governance.
The loan targets are companies with an environmental management excellence rating of BBB or higher from the Korea Environmental Industry & Technology Institute, companies holding social enterprise certification, and companies and partners with a governance evaluation rating of B+ or higher selected by the Korea Corporate Governance Service.
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Eligible companies meeting the ESG excellence criteria will receive a preferential loan interest rate of up to 0.8 percentage points per annum, along with preferential limits on facility funds and working capital loans. Additionally, management support consulting, preferential benefits on credit and foreign exchange fees, and other advantages will be provided.
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