Gyeongnam Bank, '0.5%P Reduction in Loan Interest Rates for Local Small and Medium Enterprises'

Practicing Mutual Growth Finance in Partnership with Gyeongsangnam-do

BNK Gyeongnam Bank and Gyeongsangnam-do have joined forces to practice win-win finance that alleviates the financial burden on local small and medium-sized enterprises (SMEs).

BNK Gyeongnam Bank is implementing the ‘Gyeongsangnam-do SME Win-win Interest Rate Reduction’ program.

Gyeongnam Bank Headquarters.

Accordingly, BNK Gyeongnam Bank, in cooperation with Gyeongsangnam-do, has decided to reduce its own loan interest rates by 0.5%P for SMEs struggling with high interest rates.

Since the 11th, the bank has been applying interest rate reductions to loans handled by BNK Gyeongnam Bank for SMEs within a total limit of 200 billion KRW.

Additionally, once the total limit is exhausted, the possibility of creating additional limits will be considered.

Park Sang-ho, Head of the Credit Sales Headquarters, said, “The Gyeongsangnam-do SME Win-win Interest Rate Reduction was requested by Gyeongsangnam-do and BNK Gyeongnam Bank joined in as part of regional win-win efforts. Since the inauguration of President Ye Gyeong-tak, BNK Gyeongnam Bank has been actively practicing win-win finance. We plan to prepare various measures to practically support our customers going forward.”

Prior to the Gyeongsangnam-do SME Win-win Interest Rate Reduction, BNK Gyeongnam Bank made a special contribution of 1.5 billion KRW to the Gyeongnam Credit Guarantee Foundation earlier this month for local small businesses and small merchants.

The Gyeongnam Credit Guarantee Foundation is supporting low-interest guaranteed loans to local small merchants based on 22.5 billion KRW, which is 15 times the special contribution of 1.5 billion KRW.

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