NH Nonghyup Bank to Provide 17 Trillion Won in Agreement Loans and Lunar New Year Financial Support This Year

NH Nonghyup Bank announced on the 13th that it plans to provide financial support of 17 trillion won this year, including special credit guarantee certificate contribution loans and Lunar New Year holiday funds.

First, it will sign agreements with the Korea Credit Guarantee Fund, Korea Technology Finance Corporation, Korea Credit Guarantee Foundation Central Association, and regional credit guarantee foundations to expedite the early execution of special contributions amounting to 110 billion won, supporting guarantee certificate agreement loans worth 4.1 trillion won.

Nonghyup Bank will strengthen guarantee support for promising and future growth sector SMEs together with the Korea Credit Guarantee Fund and Korea Technology Finance Corporation. Support for small business owners with insufficient collateral, such as those using the Credit Guarantee Foundation for the first time, will also be expanded.

During the Lunar New Year holiday, liquidity support for SMEs will be expanded by providing 13 trillion won in holiday funds until the 13th of next month. This support targets new and maturity extension SME loans (including individual business owners) amounting to 5 trillion won in new loans and 8 trillion won in maturity extensions during the support period.

Kang Tae-young, President of Nonghyup Bank, said, “The core value of Nonghyup Bank is growth together with our customers,” adding, “We will continue to provide financial support that offers practical help to SMEs, the foundation of the national economy.”

Kang Tae-young, President of NH Nonghyup Bank. Provided by Nonghyup Bank

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