Gyeongnam Bank, '0.5%P Reduction in Loan Interest Rates for Local Small and Medium Enterprises'

BNK Gyeongnam Bank and Gyeongsangnam-do have joined forces to practice win-win finance that alleviates the financial burden on local small and medium-sized enterprises (SMEs).

BNK Gyeongnam Bank is implementing the ‘Gyeongsangnam-do SME Win-win Interest Rate Reduction’ program.

Gyeongnam Bank Headquarters.

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Accordingly, BNK Gyeongnam Bank, in cooperation with Gyeongsangnam-do, has decided to reduce its own loan interest rates by 0.5%P for SMEs struggling with high interest rates.

Since the 11th, the bank has been applying interest rate reductions to loans handled by BNK Gyeongnam Bank for SMEs within a total limit of 200 billion KRW.

Additionally, once the total limit is exhausted, the possibility of creating additional limits will be considered.

Park Sang-ho, Head of the Credit Sales Headquarters, said, “The Gyeongsangnam-do SME Win-win Interest Rate Reduction was requested by Gyeongsangnam-do and BNK Gyeongnam Bank joined in as part of regional win-win efforts. Since the inauguration of President Ye Gyeong-tak, BNK Gyeongnam Bank has been actively practicing win-win finance. We plan to prepare various measures to practically support our customers going forward.”

Prior to the Gyeongsangnam-do SME Win-win Interest Rate Reduction, BNK Gyeongnam Bank made a special contribution of 1.5 billion KRW to the Gyeongnam Credit Guarantee Foundation earlier this month for local small businesses and small merchants.

The Gyeongnam Credit Guarantee Foundation is supporting low-interest guaranteed loans to local small merchants based on 22.5 billion KRW, which is 15 times the special contribution of 1.5 billion KRW.

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