Nonghyup Bank Launches First Transition Loan... Full-Scale Support for Low-Carbon Transition Companies

NH Nonghyup Bank recently announced on April 28 that it has launched its first "transition loan" to support environmental improvement investments for companies needing to shift to low-carbon operations, thereby initiating green and transition finance activities.

This transition loan was provided as environmental improvement funding for the installation of wastewater treatment facilities at a livestock distribution company located in Goseong County, South Gyeongsang Province. Through this support, the company will be able to reduce environmental pollution and transition to eco-friendly facilities.

A representative from Nonghyup Bank explained, "By following the eligibility assessment procedures in accordance with the Korean Green Taxonomy (K-Taxonomy), the transition loan has been approved, making it significant in supporting companies' substantial shift toward low-carbon operations."

On April 27, Nonghyup Bank also signed a K-Taxonomy-based evaluation business agreement with the Korea Technology Finance Corporation, further expanding its climate finance initiatives.

The bank plans to expand the scope of support to transition finance in the future and to continuously strengthen support for companies' low-carbon transitions and ESG finance.

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