Daejeon City Selects Hana Bank as Next Primary Treasury Institution

NongHyup Bank Selected as Secondary Treasury Institution
To Operate from 2026 to 2029

Panoramic View of Daejeon Metropolitan City (Photo by Mo Seokbong)

The city of Daejeon has selected Hana Bank as the primary financial institution and NongHyup Bank as the secondary financial institution to operate the city's treasury from 2026 to 2029.

The Treasury Designation Review Committee made its decision on September 18, ranking the candidates based on a comprehensive evaluation of six criteria, including external and internal credit ratings, financial structure stability, and deposit and loan interest rates. The designation results will be announced in the city's public bulletin and on the official website in September, and agreements will be signed in October.

According to the 2025 main budget, the selected primary treasury institution will manage approximately 6.6393 trillion won, including the general account, 11 special accounts, and 5 funds. The secondary treasury institution will manage about 761.8 billion won, including 6 special accounts and 14 funds.

The city plans to prioritize enhancing citizen convenience and contributing to community development throughout the treasury operation process, aiming to increase fiscal efficiency through stable fund management and reasonable interest rate benefits.

Previously, in anticipation of the expiration of the current treasury agreement at the end of this year, Daejeon City announced the call for applications for treasury designation on July 25 and received proposals on September 4, proceeding with the selection process accordingly.

Jo Jungyeon, Director of Taxation, stated, "We expect the next treasury institutions to faithfully fulfill their roles and responsibilities, thereby contributing to citizen convenience and the development of the local community."

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