Hana Bank Secures Second Treasury in Gyeonggi Province... Managing Approximately 5 Trillion Won

Special Account 3.9 Trillion KRW
Disaster Relief Fund and Others 990 Billion KRW Managed

Hana Bank announced on the 31st that it has been selected as the second depository bank to manage approximately 5 trillion KRW in Gyeonggi Province's special accounts and funds for four years starting from April next year.

Gyeonggi Province announced the designation plan on October 30th and recruited first and second depository banks to manage about 40 trillion KRW annually based on this year's main budget. Among them, Hana Bank was selected as the second depository bank.

Gyeonggi Province held the Provincial Depository Designation Review Committee and conducted a proposal review process evaluating financial institution credit ratings, deposit and loan interest rates, convenience for residents, depository management capabilities, contributions to the local community, and climate finance implementation performance. Hana Bank received excellent evaluations in all categories and was selected as the second depository bank.

Going forward, Hana Bank will be responsible for managing Gyeonggi Province's annual special accounts budget of 3.9 trillion KRW and fund budgets such as the disaster relief fund amounting to 990 billion KRW. Hana Bank explained that this also lays a significant foundation for future challenges to attract depository banks in 31 cities and counties within Gyeonggi Province.

A representative from Hana Bank's Institutional Business Department stated, "The selection as Gyeonggi Province's second depository bank is the result of Hana Bank's consistent contributions to the local community and practical, concrete policy proposals for expanding tax revenue." He added, "Hana Bank will continue to repay the trust and support of Gyeonggi residents and fulfill its role as a warm partner and reliable pillar."

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