BNK Gyeongnam Bank Launches 'SME Win-Win Interest Rate Reduction Program'

Up to 0.5% Interest Rate Reduction Support on Total Loans of 1 Trillion Won

BNK Gyeongnam Bank announced on the 3rd that it is implementing the ‘SME Win-Win Interest Rate Reduction Program’ as part of its practice of win-win finance.

The SME Win-Win Interest Rate Reduction Program is a system that reduces interest rates by up to 0.5% to help small and medium-sized enterprises experiencing temporary liquidity shortages.

Gyeongnam Bank Headquarters.

In particular, branch managers have the authority to quickly decide on interest rate reductions.

BNK Gyeongnam Bank executed an interest reduction amounting to 1 billion KRW on loans totaling 200 billion KRW in the first half of the year, and is supporting an additional 1 billion KRW in interest reductions in the second half.

Additionally, the bank is implementing the ‘Special Win-Win Interest Rate Reduction Program for Smooth SME Landing,’ providing an additional 3 billion KRW in interest reductions on loans totaling 600 billion KRW.

The targets are SMEs experiencing temporary liquidity shortages, such as ▲companies expected to normalize their financial plans ▲companies facing difficulties due to delays in selling collateral assets despite plans to repay loans through such sales.

As a result, BNK Gyeongnam Bank will support a total interest reduction amount of 5 billion KRW on loans totaling 1 trillion KRW by the end of this year.

Park Sang-ho, Executive Director of the Credit Sales Headquarters, said, “We expect the SME Win-Win Interest Rate Reduction Program to help small and medium-sized enterprises facing temporary management difficulties. Going forward, BNK Gyeongnam Bank plans to prepare various measures to support the growth and development of SMEs, which play a pivotal role in the regional economy.”

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