BNK Busan Bank Signs Export Company Support Agreement with Korea Trade Insurance Corporation

Provision of Credit Guarantee Certificates Worth 23 Billion KRW and Various Preferential Benefits

BNK Busan Bank (President Bang Seong-bin) signed a 'Preferential Export Package Financing Agreement' with the Korea Trade Insurance Corporation at its headquarters on the 28th to strengthen the export competitiveness of small and medium-sized enterprises (SMEs) and mid-sized companies.

Through this agreement, Busan Bank will make a special contribution of 1.5 billion KRW, and the Korea Trade Insurance Corporation will issue credit guarantees using these funds, supporting a total of 23 billion KRW worth of 'Preferential Export Package Financing' for companies.

Additionally, Busan Bank will provide special benefits such as preferential loan interest rates, export exchange fees, guarantee fee support, and preferential foreign exchange fees to companies using the 'Preferential Export Package Financing,' while the Korea Trade Insurance Corporation will offer additional benefits such as doubling the maximum guarantee limit and preferential guarantee ratios and guarantee fees.

Son Dae-jin, Head of Customer Planning at Busan Bank, said, "We hope this financial support will be a great help to export companies expected to face difficulties due to the strengthening of global protectionism following the U.S. presidential election," adding, "Busan Bank will do its best to support export companies to help strengthen the export competitiveness of domestic companies."

BNK Busan Bank is taking a commemorative photo after signing a business agreement with the Korea Trade Insurance Corporation to support export companies. Photo by BNK Busan Bank

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