BNK Busan Bank Issues $30 Million Foreign Currency CD, First Among Regional Banks
High External Credibility and Excellent Assets Lead to Successful Issuance
BNK Busan Bank (President Bang Seong-bin) issued $30 million worth of foreign currency CDs (Certificate of Deposit) to overseas investors on the 21st, becoming the first regional bank to do so.
Despite ongoing external uncertainties such as geopolitical risks in the Middle East, the bank succeeded in issuing foreign currency CDs based on its high external credibility and excellent assets.
This foreign currency CD issuance was made through the 'Foreign Currency CD Program' established in April, which not only expanded the foundation for foreign currency funding but also reduced issuance costs by exempting deposit insurance fees and foreign currency soundness charges.
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Kim Cheong-ho, Head of the Treasury Market Division at Busan Bank, said, "By successfully issuing foreign currency CDs this time, we have secured an additional means to manage foreign currency liquidity in a timely manner," adding, "We plan to explore various funding methods for stable and efficient liquidity management in the future."
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