Yangsan City Selects Financial Institution to Manage Next Municipal Treasury

Treasury Designation Committee: NH Bank as First Choice, BNK Kyongnam Bank as Second Choice

Yangsan City in Gyeongnam held the Treasury Bank Designation Review Committee on the 19th to select the financial institution that will operate as the city treasury bank for the next three years.

Meeting of the Safe Designation Deliberation Committee.

To designate the financial institution that will handle the city treasury bank business from 2025 to 2027, Yangsan City announced applications from June 7 to 27, and on July 4 and 5, received treasury bank proposals from two financial institutions: NH Nonghyup Bank and BNK Gyeongnam Bank.

At the Treasury Bank Designation Review Committee held on the 19th, after an objective and fair evaluation, Nonghyup Bank was selected as the first priority, and Gyeongnam Bank as the second priority.

Based on the results of the committee's review, the city will designate the treasury bank, announce the designation, and sign agreements with the two selected financial institutions.

An official from Yangsan City stated, "We plan to devise measures to encourage more financial institutions to participate in future treasury bank applications," and added, "We will ensure strict management of the treasury bank operations over the next three years."

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