Loan Extended by 1 Year, New 500 Million Loan... Hana Bank Supports Companies Affected by Ukraine War
[Asia Economy Reporter Minwoo Lee] Hana Bank is providing various benefits such as loan extensions to companies affected by the Ukraine situation following Russia's invasion.
On the 8th, Hana Bank announced that it will offer such financial support to companies struggling due to the 'Ukraine crisis.'
This financial support targets ▲companies that have entered the market by establishing local subsidiaries or factories in Russia and Ukraine ▲companies that have export-import transactions with conflict areas since January last year or have such plans ▲other affected companies including partners and suppliers related to the above companies.
Hana Bank plans to provide ▲new emergency management stabilization funds loans up to 500 million KRW ▲loan maturity extensions up to one year ▲installment repayment deferrals up to six months ▲loan interest rate reductions within a maximum of 1%.
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A Hana Bank official stated, "We will continue close monitoring of the conflict areas and provide prompt and active support."
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