NongHyup Financial, Holds '2021 Risk Meeting'... "Proactive Response to Uncertainty"

Ban Chae-woon, Head of Risk Management Division at NongHyup Financial Group, is delivering a message to attendees at the '2021 Risk Meeting' held on the 26th of last month in the conference room of NongHyup Financial Group headquarters located in Jung-gu, Seoul.

[Asia Economy Reporter Kiho Sung] NH Nonghyup Financial Group announced on the 1st that it held the '2021 Risk Meeting' on the 26th of last month at the Nonghyup Financial headquarters in Jung-gu, Seoul, with risk management department heads from subsidiaries such as Nonghyup Bank in attendance.

At the meeting, potential risk assets that are relatively vulnerable due to the prolonged COVID-19 pandemic and the possibility of delayed economic recovery were selected, and the current status of each subsidiary was reviewed along with discussions on management plans for these assets.

Chan-woon Ban, Head of Risk Management Division at Nonghyup Financial, emphasized, "As uncertainty in the business environment continues, we must proactively respond to the possibility of deteriorating soundness and sufficiently secure loss absorption capacity."

Going forward, Nonghyup Financial plans to establish a proactive management foundation to enhance asset soundness by strengthening monitoring of potential risk assets and audits of vulnerable risk assets, in order to minimize loss risks in preparation for the rapidly changing business environment.