Daegu Bank Selected as Regional Trustee Bank for Housing and Urban Fund

[Asia Economy Yeongnam Reporting Headquarters Reporter Koo Dae-sun] DGB Daegu Bank (President Hwang Byung-woo) announced on the 17th that it was finally selected as the regional general trustee bank in the selection of the Housing and Urban Fund re-trust institution hosted by the Ministry of Land, Infrastructure and Transport.

Daegu Bank Headquarters

This selection was made after the proposal evaluation committee on the 15th and the fund management review committee on the 16th. For the next five years, DGB Daegu Bank will handle existing comprehensive housing subscription savings services, as well as demand loans (purchase and jeonse/monthly rent fund loans) and national housing bond services targeting youth and newlyweds using housing funds within the Daegu and Gyeongbuk regions.

As the role of local banks with a high regional market share expands, customers using DGB Daegu Bank will be able to receive quality funds at lower interest rates more conveniently.

Hwang Byung-woo, President of Daegu Bank, stated, “As a local bank based in Daegu and Gyeongbuk that has faithfully fulfilled the role of a housing subscription savings trustee bank, DGB Daegu Bank will provide convenient financial services to local residents through its role as a general trustee bank.” He added, “We will strive to contribute to the improvement of national housing welfare and the revitalization of urban regeneration by providing benefits from the Housing and Urban Fund, which has enhanced responsibility and public nature.”