BNK Gyeongnam Bank and Ulsan Urban Corporation Sign ESG Management Co-Growth Cooperation Agreement

Up to 2 Billion KRW in Financial Support and Preferential Loan Interest Rates for Ulsan Metropolitan City's Innovative Growth

BNK Kyongnam Bank signed an "ESG Management Mutual Growth Cooperation Agreement for Innovative Growth in Ulsan Metropolitan City" with Ulsan Urban Corporation on the 24th.

Ulsan Metropolitan City ESG Management Win-Win Growth Cooperation Agreement for Innovative Growth.

The ESG Management Mutual Growth Cooperation Agreement ceremony was attended by Lee Sangbong, Vice President of BNK Kyongnam Bank, and Yoon Doohwan, President of Ulsan Urban Corporation, among others.

According to the agreement, the two organizations will work together to ensure smooth loan support for ESG management companies to promote innovative growth and revitalize the local economy in Ulsan Metropolitan City.

BNK Kyongnam Bank will provide financial support up to 2 billion KRW using the cooperation fund established by Ulsan Urban Corporation and will also offer preferential loan interest rates.

In particular, when processing loans, a special benefit will be given by automatically reducing the applicable loan interest rate for each recommended company by 1.65 percentage points, and up to an additional 1.50 percentage points may be reduced based on the recommended company's credit rating and transaction contribution.

The support targets are ESG management companies, job-creating companies, and outstanding companies located in Ulsan that are recommended by Ulsan Urban Corporation, with support of up to 200 million KRW per company.

The type of loan is working capital loans, and the maximum support period is one year.

Lee, Vice President of the Ulsan Business Headquarters, said, "In order to contribute to the revitalization of Ulsan Metropolitan City's economy, we have joined hands with Ulsan Urban Corporation to support various outstanding companies. We hope that the local economy will develop in a balanced way and that it will also lead to national economic growth. BNK Kyongnam Bank will continue to spare no effort to support the revitalization of Ulsan Metropolitan City's economy in the future."

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