NongHyup Bank and Credit Guarantee Fund Sign Financial Support Agreement for 'Digital and Green New Deal Leading Companies'

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 30th that it has signed a 'Financial Support Business Agreement for Digital and Green New Deal Leading Companies' with the Korea Credit Guarantee Fund.

This agreement was prepared to actively support New Deal companies, companies engaged in new growth engine industries, job-creating companies, startups, and export SMEs through collaboration between NH Nonghyup Bank and the Korea Credit Guarantee Fund.

NH Nonghyup Bank will contribute a special fund of 3 billion KRW and 2 billion KRW in guarantee fee support to the Korea Credit Guarantee Fund, and based on this fund, it will support guarantee loans worth a total of 260 billion KRW by increasing the guarantee ratio (85%→100%) for companies under the special contribution agreement guarantee, reducing guarantee fees by the Korea Credit Guarantee Fund (0.2 percentage points, up to 3 years), and providing guarantee fee support (0.5 percentage points, up to 2 years) for companies under the guarantee fee support agreement.

From the 2nd of next month, consultations for issuing special contribution or guarantee fee support guarantee certificates and collateral loan applications can be made through the Korea Credit Guarantee Fund and NH Nonghyup Bank branches nationwide.

President Junhak Kwon said, "Through this business agreement, financial support for digital and green New Deal companies and job-creating companies has been expanded, and financial costs have been reduced." He added, "NH Nonghyup Bank will continue to be a partner that supports SMEs more strongly when they face difficulties."

This content was produced with the assistance of AI translation services.