Sh Suhyup Bank, 200 Billion KRW Paid-in Capital Increase from Central Association Investment

Sh Suhyup Bank announced on the 8th that it has completed a paid-in capital increase of 200 billion KRW through investment from the National Federation of Fisheries Cooperatives.

As a result of this paid-in capital increase, Suhyup Bank's total capital ratio improved from 13.9% to 14.6%.

Additionally, Suhyup Bank laid the foundation for improving capital adequacy by completing the repayment of public funds in September last year.

Going forward, Suhyup Bank plans to strengthen its role as a policy financial institution for fishermen and the development of the fisheries industry by timely supporting fisheries policy funds and developing specialized products, fulfilling its original role as a cooperative bank.

Kang Shin-sook, President of Suhyup Bank, stated, "With this 200 billion KRW paid-in capital increase as a turning point, we will not only establish a stable profit-generating foundation but also build a future-ready organizational system and actively promote company-wide digital transformation to become a strong, self-sustaining bank."

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