NH Nonghyup Bank Receives Financial Supervisory Service Inclusive Finance Excellence Support Award

Two Consecutive Years of Awards in the SME Support Sector

NH Nonghyup Bank announced on the 3rd that it was selected as an excellent institution in the small and medium-sized enterprises (SME) category for two consecutive years at the ‘2023 Inclusive Finance Meritorious Institution Awards Ceremony’ held by the Financial Supervisory Service, receiving the Financial Supervisory Service Commissioner’s Award.

Inclusive finance refers to financial support that expands access to vulnerable households and enterprises that are financially marginalized.

NH Nonghyup Bank received the Financial Supervisory Service's Inclusive Finance Excellence Support Award.
[Image provided by Gyeongnam Nonghyup]

NH Nonghyup Bank received high evaluations for ▲ increasing relational finance that supports long-term loans (over 3 years) and equity investments using qualitative information such as transaction patterns for SMEs ▲ providing the largest amount of loans among major banks for the loan product ‘Individual Business Owner Loan 119,’ designed to assist individual business owners facing temporary cash flow difficulties.

An official from NH Nonghyup Bank’s Gyeongnam Headquarters stated, “We will actively support local small business owners and become a customer-centered NH Nonghyup Bank that faithfully fulfills the social role of financial institutions.”

Meanwhile, NH Nonghyup Bank has received the ‘Highest Grade’ for four consecutive years in both nationwide and Gyeongnam regional reinvestment evaluations conducted by the Financial Services Commission, which assesses regional economic growth by financial companies.

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