IBK Industrial Bank, Suwon Special City Sign Agreement for Suwon City Treasury Services

Re-selection of Si-Gumgo through Public Competition by Safe Designation Deliberation Committee
Dedicated Operation of Suwon City Safe with Approximately 3.5 Trillion KRW Scale for 4 Years until 2026

At the 'Suwon Special City Treasury Agreement Ceremony' held at Suwon City Hall on the 13th, Yoon Jong-won, President of IBK Industrial Bank (right), and Lee Jae-jun, Mayor of Suwon Special City (left), are posing for a commemorative photo after the agreement ceremony.

[Asia Economy Reporter Song Hwajeong] IBK Industrial Bank of Korea announced on the 13th that it has signed the 'Agreement on the Treasury Services of Suwon Special City' with Suwon Special City.

Through this city treasury agreement, IBK will operate the Suwon city treasury with an annual scale of 3.5 trillion KRW for four years from January 1, 2023, to December 31, 2026. It will operate and manage the general account, special account, and funds of Suwon Special City as a sole treasury, handling various revenue collection and expenditure payment tasks.

IBK has been in charge of Suwon city treasury services for 59 years since 1964. As the current treasury contract ends on December 31 this year, IBK was reselected as the next city treasury through an open competition at the treasury designation review committee held in August.

Yoon Jongwon, President of IBK Industrial Bank of Korea, stated, "As a reliable partner of Suwon City, we will play the role of a financial safety net for small and medium-sized enterprises and small business owners and take the lead in contributing to the local community."

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