KB Kookmin Bank Shares Advanced Financial Know-How with Bangladesh PKSF
KB Kookmin Bank announced on the 15th that it shared advanced financial know-how with PKSF (Palli Karma-Sahayak Foundation), a Bangladeshi non-profit organization, on the 14th.
PKSF is a non-profit organization established in 1990 to reduce poverty, providing various financial and non-financial services related to agriculture, environment, housing, and more.
The seminar was held at KB Kookmin Bank’s new building in Yeouido, Seoul, at the request of PKSF as part of the MFCE project promoted by ADB (Asian Development Bank). Eleven officials from ADB and PKSF participated, sharing advanced cases regarding KB Kookmin Bank’s SME credit guarantee loans, corporate credit evaluation, credit risk, and post-loan management (early warning) systems.
KB Kookmin Bank introduced its new and post-management processes for guarantee-backed loans, a mobile-based linkage system with domestic guarantee institutions such as the Korea Credit Guarantee Fund (KODIT), and automated business processes. In particular, detailed explanations were given on credit evaluation methods for thin filers (loan applicants with insufficient financial transaction history), along with operational performance and know-how, which drew interest and positive responses from the attendees.
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A KB Kookmin Bank official stated, “This program was a great opportunity to transfer the accumulated know-how of KB Kookmin Bank,” adding, “We will continue to share our global business capabilities with financial companies in various countries and widely promote the excellence of Korean finance.”
Sohn Jaehyun, Head of Yeouido Branch at KB Kookmin Bank (fifth from the right), Masialaman, Director of PKSF (sixth from the right), Kim Seongsu, Specialist at ADB (Asian Development Bank) (first from the left), Joo Myeongsu, Head of Credit Risk Department at KB Kookmin Bank (second from the left), and PKSF staff from Bangladesh are taking a commemorative photo at the Yeouido Branch of KB Kookmin Bank in Seoul. Photo by KB Kookmin Bank
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