NH Nonghyup Bank Receives 'Highest Grade' in Community Reinvestment Evaluation

NH Nonghyup Bank Gyeongnam Headquarters announced on the 31st that NH Nonghyup Bank received the highest nationwide rating, the "Excellent Grade," in the "2023 Financial Company Regional Reinvestment Evaluation" announced by the Financial Services Commission.

This evaluation was finalized and announced on the 30th at the "Regional Reinvestment Evaluation Committee" meeting, based on the 2022 data of each financial company for the 2023 regional reinvestment evaluation results.

The regional reinvestment evaluation was introduced to encourage financial companies that receive regional deposits to support regional economic growth and has been conducted since 2020.

The evaluation categories include "Outflow of Regional Funds, Support for Small and Medium Enterprises, Support for Loans to Low-Income People, Infrastructure Investment, and Regional Financial Support Strategies." The results are utilized in management performance evaluations (by the Financial Supervisory Service) and criteria for selecting local government and local education office depositories.

Head of Headquarters Jo Geun-su said, "Receiving the excellent grade in the regional reinvestment evaluation for four consecutive years is the result of faithfully fulfilling the social role of a regional financial institution," and added, "We will continue to be a customer-centered Nonghyup Bank Gyeongnam Headquarters that works together with our region, Gyeongnam."

NH Nonghyup Bank Gyeongnam Headquarters plays a pivotal role in revitalizing the regional economy by providing customized financial services to residents through community-based financial operations and was selected as the financial institution responsible for the "Hometown Love Donation System" implemented this year to promote regional economic development.

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