BNK Busan Bank Receives 'Highest Grade' in Regional Reinvestment Evaluation
BNK Busan Bank was recently selected as the highest grade, the Best Grade, in the 2023 Regional Reinvestment Evaluation for Financial Companies announced by the Financial Services Commission.
The Financial Services Commission introduced the regional reinvestment evaluation to encourage financial companies that receive regional deposits and savings to support regional economic growth, and has been conducting the evaluation annually since 2018.
The evaluation targets commercial banks, regional banks, and savings banks operating in provincial-level areas nationwide (including metropolitan cities), excluding the Seoul metropolitan area. The results are used for the Financial Supervisory Service's management status evaluation and criteria for selecting local government and education office treasuries.
Busan Bank contributes to revitalizing the regional economy by discovering, nurturing, and supporting small and medium-sized enterprises (SMEs) in the region as a reliable partner. As of the end of last year, the amount supported to SMEs in the Busan area was approximately 25 trillion won, accounting for 74.21% of all SME loans.
Also, as a key player in the regional economy, Busan Bank has been carrying out community contribution activities in various fields such as education, scholarships, culture and arts, and sports, spending 144 billion won on community contribution activities over the past three years.
Recognizing these achievements, Busan Bank has received the Best Grade in the regional reinvestment evaluation in the Busan area for four consecutive years.
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Kang Seok-rae, Head of the Management Planning Division at Busan Bank, said, “Since its founding in October 1967, Busan Bank has grown by communicating with the region based on community-focused management. We will continue to discover and implement policies and projects for regional economic development and revitalization.”
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