Gyeongnam Bank Receives 'Highest Grade' in This Year's Financial Company Community Reinvestment Evaluation

Achieved Top Rating for 3 Consecutive Years in Overall Grade

BNK Gyeongnam Bank has once again been recognized as a financial institution that has contributed to the economic development of the Gyeongnam and Ulsan regions this year.

BNK Gyeongnam Bank announced on the 31st that it received the highest grade, "Excellent," in the "2023 Financial Company Community Reinvestment Evaluation Results."

Gyeongnam Bank Headquarters.

On the 30th, the Financial Services Commission held the "Community Reinvestment Evaluation Committee" and finalized the 2023 financial company community reinvestment evaluation results.

Since October 2018, financial authorities introduced the community reinvestment evaluation system to encourage financial companies that collect deposits and savings locally to support regional economic growth, and have been conducting evaluations since 2020.

BNK Gyeongnam Bank received high scores in evaluations including local fund supply, support for small and medium-sized enterprises, support for loans to low-income groups, financial infrastructure status, and regional financial support strategies.

In particular, it received the highest rating in the Gyeongnam, Ulsan, and Busan regions, achieving the top overall grade of Excellent, marking the third consecutive year of receiving the highest overall rating.

Specifically, it earned the Excellent rating for four consecutive years in the Gyeongnam and Ulsan regions, and for two consecutive years in Busan. Notably, BNK Gyeongnam Bank is the only institution to have received the Excellent grade in the Ulsan region for four consecutive years.

Sangho Park, Executive Director of the Credit Sales Headquarters, stated, "By receiving the Excellent rating for four consecutive years in the Gyeongnam and Ulsan regions in the financial company community reinvestment evaluation, BNK Gyeongnam Bank has been recognized as a representative regional financial institution. Going forward, BNK Gyeongnam Bank plans to continue striving for mutual growth with the region and for the growth and revitalization of the local economy."

Meanwhile, the community reinvestment evaluation results are utilized in the Financial Supervisory Service’s management performance evaluations as well as in the criteria for selecting local government and local education office depositories.

The financial authorities plan to continue consultations with related organizations to enhance the utilization of the community reinvestment evaluation and will continuously review system improvements to increase evaluation validity in response to changes in the financial environment.

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