BNK Financial Group Busan·Gyeongnam Bank Provides 1.6 Trillion Won in Special Funds for Lunar New Year Holiday

BNK 2023 Hopeful Lunar New Year Special Loan.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] BNK Financial Group's Busan Bank and Gyeongnam Bank are providing a total of 1.6 trillion KRW in the ‘BNK 2023 Hopeful Lunar New Year Special Loan’ to promote mutual growth with local small and medium-sized enterprises (SMEs) in celebration of the Lunar New Year holiday.

This Lunar New Year special loan is aimed at local SMEs experiencing financial difficulties due to the economic downturn. From the 26th until February 24th, each bank will support 800 billion KRW, consisting of 400 billion KRW in new loans and 400 billion KRW in loan extensions.

The support targets include local startup companies, SMEs with long-term transactions with the two banks, companies creating local jobs, firms with excellent technological capabilities, and SMEs engaged in local government strategic industries.

The maximum support limit per company is 3 billion KRW, and to reduce financial costs for supported SMEs, an interest rate reduction of up to 1.0% will also be provided.

Detailed information about the special loan can be found at all branches and customer centers of Busan Bank and Gyeongnam Bank.

A BNK Financial Group official stated, “We hope the Lunar New Year special fund loan will help companies struggling with financial difficulties to secure smooth funding,” adding, “BNK will continue to strive to be a bank that empowers customers through various financial supports.”

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