"Thorough Soundness and Liquidity Management" NongHyup Financial Holds Second Half Risk Review Meeting

NongHyup Financial CRO "Must Prepare for Potential Losses in Real Estate-Centered Investment Finance"

[Asia Economy Reporter Yu Je-hoon] NH Nonghyup Financial Group announced on the 21st that it held the '2022 Second Half Risk Issue Review Meeting' on the 20th at its headquarters in Jung-gu, Seoul, attended by the Chief Risk Officers (CROs) and operational managers of all NH Nonghyup Financial affiliates.

Presided over by Ban Chae-woon, Vice President in charge of risk at Nonghyup Financial, the meeting urgently reviewed the risk factors in the asset portfolios of all affiliates to prepare for domestic and international economic uncertainties such as the three highs (high inflation, high interest rates, and high exchange rates), and discussed management directions for the second half of the year.

At the meeting, Vice President Ban emphasized, "In anticipation of potential investment finance losses centered on real estate finance during future economic downturns, we must proactively respond to the soundness management of alternative investments such as asset audits, and thoroughly manage foreign currency liquidity risks arising from exchange rate increases."

An official from Nonghyup Financial stated, "As a measure to minimize loss risks amid rapidly changing economic conditions, we plan to manage the portfolio through preemptive risk management, focusing on growth in high-quality assets and avoiding rapid expansion of high-risk assets."

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