Gyeongnam Bank and Korea Trade Insurance Corporation, 'Export Credit Guarantee Support for Small and Medium Enterprises'

Business Agreement Signed for Guarantee Fee Support

BNK Gyeongnam Bank is the only regional bank to support export credit guarantee (comprehensive purchase) fees.

On the 8th, BNK Gyeongnam Bank signed a business agreement with Korea Trade Insurance Corporation to support export credit guarantee (comprehensive purchase) fees for small and medium-sized enterprises (SMEs) and mid-sized companies.

BNK Gyeongnam Bank signed a business agreement with the Korea Trade Insurance Corporation to support guarantee fees for export credit guarantees (comprehensive purchase) for small and medium-sized enterprises and mid-sized companies.

Deputy Governor Shim Jong-cheol held a signing ceremony for the business agreement to support export credit guarantee (comprehensive purchase) fees with Yoon Jong-bae, Head of the SME and Mid-sized Business Division of Korea Trade Insurance Corporation, who visited the BNK Gyeongnam Bank headquarters.

Export credit guarantee (comprehensive purchase) is a system in which Korea Trade Insurance Corporation guarantees that export SMEs and mid-sized companies can cash their export receivables in advance through banks.

According to the business agreement, BNK Gyeongnam Bank will support 50% of the guarantee fees paid by eligible companies for export credit guarantees. (Up to 10 million KRW per company for the first time)

Deputy Governor Shim said, “The business agreement to support export credit guarantee (comprehensive purchase) fees for SMEs and mid-sized companies is expected to greatly help export SMEs and mid-sized companies struggling with liquidity due to the prolonged COVID-19 pandemic. BNK Gyeongnam Bank will continue to provide policy support to promote exports.”

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