BNK Gyeongnam Bank Signs Agreement to Activate Regional Specialized Productive Finance

BNK Gyeongnam Bank is making every effort to foster productive finance and establish a support foundation for regional export companies.

On April 16, BNK Gyeongnam Bank signed a Financial Business Agreement for Activating Regional Specialized Productive Finance with BNK Busan Bank and the Export-Import Bank of Korea.

Business Agreement for the Activation of Regional Specialized Productive Finance.
[Photo by Kyongnam Bank]

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The signing ceremony, held in the main conference hall of the BNK Busan Bank headquarters, was attended by Taehan Kim, President of BNK Gyeongnam Bank, Sungjoo Kim, President of BNK Busan Bank, and Giyeon Hwang, President of the Export-Import Bank of Korea. At the event, the leaders signed the agreement and discussed strategies to support regional export companies in overcoming challenges stemming from the Middle East crisis.

This agreement aims to establish a close cooperative framework among the three institutions, strengthen joint financial support for promising local companies, and thereby contribute to revitalizing the regional economy and promoting balanced national development.

Under the agreement, the three institutions will pursue initiatives including: discovering, recommending, and providing linked support for export and overseas investment companies in regional specialized industries; joint financial support for large-scale facility investments; promoting on-lending (indirect loans); sharing information and providing joint financial support for companies expanding overseas; and establishing cooperative models to advance productive finance and revitalize the regional economy.

Additionally, within the limits permitted by domestic and international laws and each institution’s internal regulations, the institutions will prioritize supporting the financial needs of Korean companies related to exports, overseas orders, and overseas expansion. They also agreed to expand their areas of cooperation based on government economic policy directions and mutual agreement among the signatory institutions.

Taehan Kim, President of BNK Gyeongnam Bank, stated, "This financial business agreement, signed amid heightened global economic volatility caused by the Middle East crisis, is highly significant as it brings together policy and regional finance to jointly support promising local companies. We will further strengthen our collaboration with the Export-Import Bank of Korea and actively identify export and overseas investment companies in key regional industries such as nuclear power, defense, and aerospace, ensuring timely financial support. BNK Gyeongnam Bank will continue to do its utmost to ensure that small and medium-sized local companies receive practical financial assistance."

Meanwhile, BNK Gyeongnam Bank operates the Productive Finance Implementation Council to expand productive and inclusive finance and revitalize the regional economy. The bank is actively promoting "regional productive finance" to support future growth and innovative companies, regional specialized industries, local small business owners, and small and medium-sized enterprises.

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