Gyeongnam Bank Signs Business Agreement to Alleviate Financial Burden for Small Business Owners in Gyeongnam

Participating Institutions to Lower Loan Additional Interest Rate
Ceiling Standard by 0.5%

On the 30th, BNK Gyeongnam Bank signed a 'Business Agreement to Alleviate Financial Burden for Small Business Owners in Gyeongsangnam-do' with Gyeongsangnam-do and others.

According to the business agreement, BNK Gyeongnam Bank, Gyeongsangnam-do, and Gyeongnam Credit Guarantee Foundation agreed to cooperate in alleviating the financial burden on small business owners while managing the policy funds for small business owners in Gyeongsangnam-do.

Small Business Financial Relief Agreement.

The participating organizations decided to lower the upper limit of the loan interest rate margin by 0.5% when determining the loan interest rates for the policy funds for small business owners in Gyeongsangnam-do.

Additionally, BNK Gyeongnam Bank formalized the exemption of early repayment fees for policy fund loans for small business owners in the agreement to clearly support them.

Deputy CEO Shin Tae-su stated, “This business agreement will be of great help to local small business owners who are struggling due to prolonged high interest rates. BNK Gyeongnam Bank will continue to cooperate with Gyeongsangnam-do and Gyeongnam Credit Guarantee Foundation to contribute to revitalizing the local economy.”

Meanwhile, the business agreement ceremony to alleviate the financial burden for small business owners in Gyeongsangnam-do, held at the Gyeongnam Provincial Office, was attended by BNK Gyeongnam Bank Deputy CEO Shin Tae-su, Gyeongsangnam-do Deputy Governor for Economy Kim Byung-gyu, Gyeongnam Credit Guarantee Foundation Chairman Lee Hyo-geun, and NH Nonghyup Bank Gyeongnam Headquarters Director Cho Geun-su, among others.

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