NH Nonghyup Bank Holds Inclusive Finance Meeting, Pledges Continued Support

NH Nonghyup Bank convened its third inclusive finance promotion meeting on July 2 at its headquarters in Seoul. The bank has actively supported inclusive finance, directing 1.91 trillion won as of late June towards initiatives for low-income individuals, small business owners, and those who have gone out of business. The bank has introduced tailored loan products for customers diligently following credit recovery procedures. Additionally, they distributed 10,000 gift packages of domestic agricultural products. The bank also launched products limiting interest rates for vulnerable groups such as people with disabilities and single-parent families, demonstrating innovative inclusive finance practices.

Looking ahead to the second half of the year, NH Nonghyup Bank plans to solidify its bank-wide response system in preparation for the introduction of a banking sector evaluation framework. They will also develop measures to implement special reduction programs for individual debtors, particularly those from socially vulnerable groups, and to boost mid-rate loans. To protect citizens from extreme weather conditions, the bank will continue operating shelters at its branches nationwide.

Park Hyun-joo, the executive vice president of personal financial services, stated, "Inclusive finance is the bank's social responsibility to reduce financial blind spots and support a better life for our customers." He added, "We will continue to lead innovative inclusive finance practices, supporting agriculture, rural communities, local communities, and financially vulnerable groups."

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Inclusive finance is the bank's social responsibility to reduce financial blind spots and support a better life for our customers. We will continue to lead innovative inclusive finance practices, supporting agriculture, rural communities, local communities, and financially vulnerable groups.