Jeonbuk Bank Tops Banking Sector in Inclusive Finance Support Last Year

Ranked First in Korea for Inclusive Finance Support Last Year
Jeonbuk Bank Leads with KRW 752.4 Billion in Policy-Based Loans
Focus on Mid- to Low-Credit Borrowers and Foreign Residents

Jeonbuk Bank announced that it ranked first among all banks in Korea last year by recording KRW 752.4 billion in support for inclusive finance. According to the "2024 Bank Social Contribution Activity Report" published by the Korea Federation of Banks on May 29, Jeonbuk Bank achieved the highest performance in the banking sector with KRW 752.4 billion in policy-based inclusive finance, including Saehuimang Holssi, Haepssal Loan 15, Haepssal Loan Youth, and Haepssal Loan Bank.

As of April this year, loans to mid- to low-credit individuals in the bottom 50% of credit scores?whom other banks are reluctant to lend to?and to foreigners, who are not served by domestic banks, accounted for 67.5% of Jeonbuk Bank’s household loans.

For special guarantee loans for the lowest credit borrowers, who fall below the bottom 10% of personal credit scores and have difficulty accessing even policy-based inclusive finance, Jeonbuk Bank’s share exceeds 40%. Among multiple debtors?those who have borrowed from three or more financial institutions and are using new loans to pay off previous debts?Jeonbuk Bank accounts for 63.2% among regional banks and 14% among all banks.

A Jeonbuk Bank representative stated, "We will continue to do our best to alleviate the real financial burden and support credit rating improvement, striving to create a warmer world through finance by providing a variety of financial support products and services."

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