NongHyup Bank Launches ESG Specialized Product 'NH Naega Geurin Choroksesang Savings and Deposits'

[Asia Economy Reporter Kiho Sung] NH Nonghyup Bank announced on the 15th that it has launched the eco-friendly ESG (Environmental, Social, and Governance) specialized product 'NH Naega Green (Green) Chorok Sesang Savings and Deposit.'

This product is available to individuals with only one account per person, and can be subscribed for a period of 1 to 3 years, designated on a monthly basis. The subscription amount for savings requires an initial deposit of 50,000 KRW with subsequent payments of at least 10,000 KRW each time, freely payable up to 500,000 KRW per month, while fixed deposits can be opened from 3 million KRW or more.

The preferential interest rate conditions for fixed deposits include submitting a greenhouse gas ▲reduction pledge (0.1 percentage points), ▲not issuing a paper passbook (0.1 percentage points), ▲registering for the Sonhana Authentication Service (0.1 percentage points), and ▲holding the ‘NH Naega Green Chorok Sesang Savings’ product simultaneously (0.1 percentage points), allowing for a maximum preferential rate of 0.4 percentage points.

The preferential interest rate conditions for savings include ▲submitting a greenhouse gas reduction pledge (0.1 percentage points), ▲not issuing a paper passbook (0.3 percentage points), ▲registering for the Sonhana Authentication Service (0.2 percentage points), ▲using public transportation with the Chaeum Card (credit or debit) (0.2 percentage points), and ▲holding the ‘NH Naega Green Chorok Sesang Deposit’ product simultaneously (0.2 percentage points), allowing for a maximum preferential rate of 1.0 percentage points.

Additionally, until the 10th of next month, an event titled 'Welcome! Naega Green Chorok Sesang!' will be held for customers who subscribe to the product. To participate, customers must subscribe to the product and then apply for the event via internet or mobile banking. Through a draw, a total of 1,500 winners will receive ▲BBQ Chicken (500 people) and ▲Starbucks Americano Couple Set (1,000 people).

Bank President Junhak Kwon stated, “We hope customers will engage in environmentally friendly financial transactions through the 'NH Naega Green Chorok Sesang Savings and Deposit' product.” He added, “We will continue to develop various products for many customers who care about the environment and become a reliable national bank leading ESG management.”

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