BNK Busan Bank-Busan Urban Corporation, Win-Win Fund Agreement ... Support for Local SMEs

Creation of a 30 Billion Won Win-Win Loan Fund

Up to 1 Billion Won per Company with a 3.5% Reduced Interest Rate

BNK Busan Bank (President Bang Seong-bin) signed a 'Financial Support Agreement for Coexistence with Small and Medium Enterprises in Busan' with Busan Urban Corporation on the morning of the 23rd.

On the morning of the 23rd, BNK Busan Bank signed a "Financial Support Agreement for Win-Win Cooperation with Small and Medium Enterprises in Busan" with Busan Urban Corporation. (From the third person on the right: Bang Seong-bin, President of BNK Busan Bank, Kim Yong-hak, President of Busan Urban Corporation)

The signing ceremony was held to provide practical financial benefits to small and medium enterprises located in Busan that are experiencing financial difficulties due to the deteriorating business environment, and to realize the revival of the stagnant local economy.

Through this agreement, Busan Bank and Busan Urban Corporation will establish a win-win loan fund totaling 30 billion KRW, providing loan support up to 1 billion KRW per company and an interest rate reduction of 3.50 percentage points.

The main support targets are manufacturing companies located in Busan that have been in business for more than two years from the start date and operate on industrial sites developed by Busan Urban Corporation. Partner construction companies and service providers of Busan Urban Corporation are also included.

Bang Seong-bin, president of Busan Bank, who attended the signing ceremony, said, “I hope this financial support agreement will provide some help to local small and medium enterprises struggling with the prolonged economic downturn,” and added, “Busan Bank will continue to strengthen its role as a regional bank and become a reliable partner for the community.”

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