[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] BNK Busan Bank has been selected as the first regional bank to qualify for negotiation as a 'Regional General Trustee Institution' for the Housing and Urban Fund.
Busan Bank was selected as a qualified negotiator for the Regional General Trustee Institution and will sign a contract with the entrusting agency, Housing and Urban Guarantee Corporation (HUG), and from April, it will handle not only the existing comprehensive housing subscription savings business but also Housing and Urban Fund loans and National Housing Bond services.
Accordingly, government-supported low-interest loans such as ▲‘Butimok Loan’ for preparing jeonse deposits ▲‘Didimdol Loan’ for housing purchase purposes, which are Housing and Urban Fund loans, will be handled in the Busan, Ulsan, and Gyeongnam regions.
Busan Bank also announced that it will perform the issuance of National Housing Bonds, which are mandatory to purchase when trading houses, expecting improved accessibility for customers' services.
A Busan Bank official said, “With this selection as a qualified negotiator, we have established a foundation to provide high-quality financial services such as low-interest jeonse deposit loans to local customers,” adding, “We will continue to expand the role of regional banks as a Regional General Trustee Institution.”
The ‘Regional General Trustee Institution’ is a financial institution entrusted with part of the general affairs related to the operation and management of the Housing and Urban Fund within the Busan, Ulsan, and Gyeongnam areas, selected based on evaluations of ▲financial reliability ▲asset management capability ▲accessibility to users.
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