21 Trillion Won in Productive and Inclusive Finance to Flow into Busan-Ulsan-Gyeongnam... BNK Financial Launches "Productive Finance Council"

Maximizing Synergy with Government Policies for Balanced Regional Development
Focusing on the Growth of Regionally Specialized and Advanced Strategic Industries
Customers Choose Interest Rates and Repayment Methods, Driving a Major Financial Transformation

BNK Financial Group is driving a major transformation in financial projects to revitalize the regional economy and finance. The key concept is so-called "productive finance."

On October 14, BNK Financial Group (Chairman Bin Daein) announced the launch of the "Productive Finance Council" in line with the government's productive finance policy. The group will strengthen its role in regional finance to expand productive finance centered on the Busan, Ulsan, and Gyeongnam areas.

The "Productive Finance Council" is a consultative body composed of the group's management, newly established to enhance the synergy between regional balanced development policies and the "BNK Busan-Ulsan-Gyeongnam Regional Productive Finance" initiative. Serving as the control tower for the group's productive finance, the council plans to supply a total of 21 trillion won next year, including 20 trillion won for productive finance and 1 trillion won for inclusive finance.

BNK Financial Group is discussing a regional productive finance plan for the Busan, Ulsan, and Gyeongnam areas.

In the field of productive finance, BNK will promote the establishment of the Southeast Investment Corporation, support the relocation of the Ministry of Oceans and Fisheries to Busan, and collaborate with local public enterprises. The group will expand investments in regionally specialized industries such as marine, shipbuilding, defense, energy, and data centers, and, in cooperation with Korea Asset Management Corporation (Kamco), establish a support system to convert struggling industries into high value-added sectors.

Additionally, BNK will introduce an "Investment Productivity Index" at the investment finance review stage to increase investment in projects with high economic ripple effects, and will apply AI throughout the entire process from investment sourcing and review to post-management. The group's banking affiliates will expand funding for advanced strategic and regional industries, while non-banking affiliates such as BNK Investment & Securities, BNK Asset Management, and BNK Venture Investment will invigorate investments in regional startups and innovative companies through IPOs, SPACs, and innovation funds.

In the area of inclusive finance, BNK will use AI and data analysis to identify and support local young small business owners and customers in need of microfinance. The group will introduce customized products that allow customers to directly choose interest rates and repayment methods, and will also support early adjustment of long-term delinquent loans and debt relief to help customers return to the formal financial sector.

A BNK Financial Group representative stated, "We will build a differentiated regional financial model by linking BNK's regional finance capabilities with the government's productive finance policy," adding, "We will strengthen group-level support to ensure that the Busan, Ulsan, and Gyeongnam areas become the central axis of balanced regional development."

BNK Financial Group already maintains a corporate finance ratio above the industry average and its proportion of loans to small and medium-sized enterprises is close to 90 percent. Through this "BNK Busan-Ulsan-Gyeongnam Regional Productive Finance" initiative, the group aims to further solidify its position as a specialized financial group for regionally focused finance.

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