BNK Busan Bank Provides Emergency Financial Support for Typhoon ‘Hinnamnor’ Damage Recovery … Up to 500 Million KRW for Businesses and 20 Million KRW for Individuals

Busan Bank Headquarters.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] BNK Busan Bank announced on the 7th that it will provide "emergency financial support" to small and medium-sized enterprises and individual customers affected by Typhoon ‘Hinnamnor’.

For affected small and medium-sized enterprises, new emergency management stabilization loans of up to 500 million KRW per company will be provided, and individual customers will be offered living stabilization loans of up to 20 million KRW.

To ease the financial burden on affected small and medium-sized enterprises and individuals, a special interest rate reduction of up to 1.0%p will also be applied to this emergency loan.

Additionally, loans with repayment deadlines due by the end of this year will be extended in full without principal repayment, and installment repayments for facility loans will be deferred for up to six months.

The financial support targets customers who have suffered actual damage from Typhoon ‘Hinnamnor’, and related documents such as a "disaster confirmation certificate" and "damage site photos" must be submitted to the bank.

Detailed information about this emergency financial support can be found at all Busan Bank branches and customer centers.

Lee Soo-chan, Head of Credit Sales at Busan Bank, said, "We hope this financial support will help small and medium-sized enterprises and customers affected by the typhoon recover their daily lives," adding, "Since the typhoon-affected areas are Busan and Gyeongnam regions, we will spare no effort to support recovery as a leading regional financial institution."

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