Regional Co-Growth Management Declaration
"Will Enhance Shareholder Value Through This"
BNK Financial Group is taking on the role of a central hub for win-win growth by fostering local industries and small and medium-sized enterprises (SMEs), returning added value within the region, and driving the regional economy.
On the 30th, BNK Financial Group announced that it adopted the ‘Regional Win-Win Growth Declaration’ at its headquarters in Busan. As a financial group representing the Busan and Gyeongnam regions, the declaration aims to support the recovery and growth of the regional economy and establish a virtuous cycle system that strengthens the foundation for the group’s sustainable growth as a management goal.
Bin Dae-in, Chairman of BNK Financial Group, stated, "If BNK Financial Group takes a step forward through win-win growth with the region, shareholder value will naturally increase as well. In a situation where the group’s sustainable growth cannot be guaranteed without the recovery of the regional economy, win-win growth management can become a more fundamental corporate value value-up policy."
Through the declaration, BNK Financial will actively engage in creating a financial ecosystem, realizing a prosperous future for the region through convenient financial services, sharing sustainable value creation with shareholders, and establishing a trustworthy workplace with a sound corporate culture. The group will sequentially announce and implement key tasks for each stakeholder to materialize these goals.
On the 30th, BNK Financial Group held a meeting at its Busan headquarters where Chairman Bindaein (fifth from the right in the photo) and representatives from group companies all attended. They adopted the "Regional Co-Growth Declaration" aimed at revitalizing the local economy and ensuring the group's sustainable growth. [Photo by BNK Financial Group]
First, approximately KRW 18.4 trillion in financial support will be prioritized to aid regional economic recovery and alleviate the management burdens of SMEs and small business owners while supporting their growth. Busan Bank and Gyeongnam Bank will provide KRW 16.5 trillion in low-interest special loans and special interest rate reductions to support liquidity for SMEs and small business owners in the Busan, Ulsan, and Gyeongnam (Bu-Ul-Gyeong) region. Debt adjustment programs such as loan maturity extensions and installment repayment deferrals tailored to repayment capacity will also be operated.
The group companies will jointly support the normalization of real estate business sites, actively participate in fostering region-specific industries by expanding financial support for infrastructure development sectors related to the Gadeok New Airport, and increase the issuance of refund guarantees (RG) for shipbuilding industry advance payments.
A permanent response system will also be established to provide prompt damage recovery support in the event of disasters within the region. Plans to strengthen corporate social responsibility include establishing a regional care system to overcome low birth rates and preparing measures to encourage childbirth. Proactive risk management of financial accidents and the establishment of internal control systems have also been set as key means of win-win growth.
A BNK Financial Group official said, “We will ensure that practical financial support that the region can feel and a culture of win-win growth within the organization are quickly established. Starting with this declaration ceremony, we will continuously discover innovative tasks and continue to practice finance that helps the region’s new leap forward.”
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