Suhyup Bank Supports 1-Year Maturity Extension for Corporate Loans with Insufficient Collateral Capacity

[Asia Economy Reporter Bu Aeri] Sh Suhyup Bank will support a one-year maturity extension for existing corporate loans with insufficient real estate collateral capacity.

On the 15th, Suhyup Bank announced that it will support a one-year extension of the principal amount at maturity for corporate real estate collateral loans maturing by the end of December, for small and medium-sized enterprises and small business owners facing repayment difficulties due to a decline in real estate market prices.

According to Suhyup Bank, up to 17,000 corporate loans are expected to benefit from this support.

Kang Sin-suk, President of Suhyup Bank, said, "We will move away from limited financial support policies focused on low-credit borrowers and prepare more practical and specific win-win measures considering the real economy and the overall livelihood economy. We will focus on enhancing social value where banks and financial consumers coexist."

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