BNK Busan Bank Writes Off 30 Billion KRW in Bad Debt for Financially Vulnerable Groups

Selection of Recipients by 2026, Collective Debt Relief and Removal from Credit Records

BNK Busan Bank (President Bang Sungbin) is implementing a bad debt relief program totaling 30 billion KRW, targeting financially vulnerable groups.

BNK Busan Bank Headquarters.

Accordingly, Busan Bank will select eligible individuals, such as the elderly and long-term small-amount delinquent borrowers, who hold time-barred claims, and by 2026, will provide collective debt reduction and removal of credit information registration up to a total limit of 30 billion KRW.

Busan Bank expects that the implementation of this program will help alleviate the repayment burden for debtors and lift delinquency records, thereby supporting the economic recovery of financially vulnerable groups.

No Junseop, Head of Credit Support Division at Busan Bank, stated, "Through this bad debt relief, we will support the new start of financially vulnerable groups," adding, "Busan Bank will continue to be a reliable partner for the local community, promoting mutual growth and cooperation."

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