BNK Financial Establishes Emergency Management Committee at Gyeongnam Bank Following Embezzlement Incident

Dispatch of Operational Staff to External Chairman's Holding Company

BNK Financial Group has established an emergency management organization at Gyeongnam Bank, where a real estate project financing (PF) embezzlement case involving approximately 56 billion KRW recently occurred, and has begun strengthening internal controls and structural improvement efforts.

BNK Financial announced on the 16th that it has set up an Emergency Management Committee within Gyeongnam Bank. This establishment of the emergency management committee is being promoted under the leadership of BNK Financial Group, which acts as the group’s control tower, focusing on supporting the early normalization of Gyeongnam Bank by preparing institutional improvement measures.

The Emergency Management Committee is responsible for devising fundamental reform measures to prevent recurrence of financial accidents, as well as proposing rigorous improvement plans regarding management, personnel, organization, internal controls, and cost efficiency.

Additionally, to objectively diagnose Gyeongnam Bank’s organization and work processes, the committee chairperson was appointed from outside the bank, and to ensure independent operation, staff members from the holding company will be dispatched.

A BNK Financial Group official stated, “In line with the policy to promptly restore customer trust damaged by the financial accident, the Emergency Management Committee is expected to play a crucial role in elevating Gyeongnam Bank’s internal control capabilities to the next level,” adding, “To enhance internal and external trust and establish a sound management system, tasks identified by the committee that need to be expanded across the entire group will be swiftly implemented throughout all affiliates.”

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