NongHyup Bank Achieves 2 Trillion KRW in Loans One Year After Launching 'NH Agricultural Food Green Growth Loan'

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 2nd that the outstanding balance of the NH Agricultural and Food Green Growth Loan has surpassed 2 trillion won.

The NH Agricultural and Food Green Growth Loan is a product designed to support outstanding agricultural and food companies practicing ESG (Environmental, Social, and Governance). After surpassing 500 billion won in March and 1 trillion won in June, the loan balance exceeded 2 trillion won on the 28th of last month, less than four months later.

Considering that the main customer base of the product consists of small and medium-sized enterprises, farmers, and sole proprietors, with an average loan amount of around 200 million won, it can be regarded as a representative ESG loan product in name and reality.

Recently, Nonghyup Bank has been strengthening Nonghyup's identity and promoting the consumption of domestic agricultural products by providing preferential loan interest rates and additional loan limit benefits to agricultural and food companies that lead in manufacturing and consuming food and beverages made from domestic agricultural products, provided certain conditions are met. This is part of their role in enabling domestic farmers and agricultural food companies to grow together.

President Junhak Kwon stated, “Supporting agricultural and food companies is the DNA and mission of Nonghyup Bank. We will take the lead in expanding support for ESG-practicing companies to promote the sustainable growth of the agricultural and food industry.”

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