Ulsan City Signs Agreement for Next 'City Treasury'... 1st Treasury Gyeongnam, 2nd Treasury Nonghyup

MOU for Mutual Regional Development with Gyeongnam Bank

Ulsan City will sign the next "City Treasury Business Handling Agreement" on the 20th at 11 a.m. in the mayor's office on the 7th floor of the main building.

To designate the next treasury, Ulsan City held the "Ulsan Metropolitan City Treasury Designation Review Committee" on September 25 and reviewed proposals submitted by financial institutions, selecting Gyeongnam Bank as the primary treasury and NongHyup Bank as the secondary treasury.

From January 1, 2024, to December 31, 2027, for four years, Gyeongnam Bank and NongHyup Bank will be responsible for various treasury tasks such as collecting revenue and disbursing expenditures.

Based on this year's initial budget, Gyeongnam Bank will manage 4.5554 trillion KRW, and NongHyup Bank will manage 634.8 billion KRW.

Upon signing the treasury agreement with Ulsan City, Gyeongnam Bank and NongHyup Bank promised to cooperate in regional development by coexisting and prospering with the local community as representative financial institutions of the region and providing various financial services for citizens.

Following the agreement signing, Ulsan City and Gyeongnam Bank will also sign a business agreement for regional mutual development on the same day.

According to the agreement, the two institutions will establish a mutual support system to revitalize the local economy and cooperate in jointly promoting major policy projects and community contribution activities.

Ulsan City Hall.

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