BNK Busan Bank Signs Special Financial Support Agreement Worth 350 Billion Won with Busan Chamber of Commerce and Industry

by Jo Chunghyeon

Published 03 Sep.2024 16:19(KST)

Updated 03 Aug.2025 08:20(KST)

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Busan Chamber of Commerce Members and Employees to Receive Preferential Interest Rates and Other Benefits

BNK Busan Bank (President Bang Seongbin) signed a 'Special Financial Support Agreement' for member companies of the Busan Chamber of Commerce and Industry at the International Conference Hall on the 2nd floor of the Busan Chamber of Commerce and Industry on the 3rd.

The signing ceremony was attended by Bang Seongbin, President of BNK Busan Bank, Yang Jaesaeng, Chairman of the Busan Chamber of Commerce and Industry, and Jung Hyunmin, Executive Vice Chairman, among others.

This 'Special Financial Support Agreement' was established to provide practical financial benefits to member companies and employees of the Busan Chamber of Commerce and Industry, aiming to revive the stagnant local economy and support the renewed growth of Busan's business community.

Busan Bank plans to provide a total of 350 billion KRW in special agreement loans, including 300 billion KRW for member companies recommended by the Busan Chamber of Commerce and Industry and 50 billion KRW for their employees.

Member companies will receive up to 3 billion KRW per company with a maximum interest rate reduction of 1.60 percentage points, while employees will be eligible for up to 250 million KRW with a maximum interest rate reduction of 0.50 percentage points.

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Bang Seongbin, 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-sized enterprises struggling due to the prolonged economic downturn," and added, "Busan Bank will strengthen its role as the region's representative bank and become a reliable partner for the local community."