Hampyeong-gun Selects NH Nonghyup Bank and Gwangju Bank as Primary and Secondary Depositories

[Hampyeong=Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] NH Nonghyup Bank and Gwangju Bank will each manage the No. 1 and No. 2 treasury accounts of Hampyeong County, Jeollanam-do.

According to the county on the 30th, the county held a treasury designation review meeting on the 22nd and selected NH Nonghyup Bank Hampyeong Branch as the next No. 1 treasury financial institution and Gwangju Bank Hampyeong Branch as the No. 2 treasury financial institution.

The review committee, composed of experts in tax, accounting, and legal affairs, evaluated and reviewed 19 detailed items under five categories: ▲internal and external creditworthiness and financial stability of the financial institutions ▲loan and deposit interest rates for the county ▲convenience for local residents ▲management capability of treasury operations ▲ability to promote cooperative projects between the county and the treasury. The No. 1 and No. 2 treasuries were decided based on the total scores.

Accordingly, NH Nonghyup Bank Hampyeong Branch will manage the county’s general and special accounts as well as the Agricultural Product Price Stabilization Fund, while Gwangju Bank Hampyeong Branch will manage eight funds including the Hampyeong County Talent Development Fund and Investment Attraction Fund.

The selected banks will sign treasury agreements with Hampyeong County in July, commence treasury operations from January 1, 2022, and manage the county treasury for four years.

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