Nonghyup Bank Launches Task Force for Major Transformation Toward Productive Finance

Follow-up Measures After Nonghyup Financial Group's Task Force Launch

NH Nonghyup Bank announced on the 30th that it has established a new task force (TF) to systematically promote a major transformation toward productive finance. This move follows the launch of the "Productive Finance Activation" TF by Nonghyup Financial Group on the 1st of this month and aims to strengthen the bank’s execution capabilities at the Nonghyup Bank level.

This new task force plans to establish and implement a response system for a comprehensive transformation toward productive finance. Its initiatives will include participation in the National Growth Fund, expanding investments and loans in advanced strategic industries, and promoting inclusive finance for small business owners, self-employed individuals, and financially marginalized groups.

Nonghyup Bank intends to leverage its unique agricultural finance expertise to expand agri-food funds and enhance support for agri-livestock and local innovative companies. Through these efforts, the bank aims to promote balanced growth not only in advanced industries but also in agriculture and the regional economy.

Lee Cheonghun, Deputy President of Investment Banking at Nonghyup Bank, stated, "Nonghyup Bank is fundamentally rooted in agriculture and already plays a key role in productive finance. We will strive to become a leading bank in productive finance that supports national economic growth and the development of future industries."

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