BNK Busan Bank and Busan Branch of Korean Red Cross Sign Emergency Disaster Relief MOU

Banks, Red Cross, and Local Governments Strengthen Support and Cooperation for Emergency Relief Kits

Emergency Disaster Relief Volunteer Team Expanded from About 50 to Over 200 Members

BNK Busan Bank held a business agreement ceremony with the Busan branch of the Korean Red Cross (Chairman Seo Jeongui) on the morning of the 24th at its headquarters to establish an emergency disaster relief system.

BNK Busan Bank Holds Emergency Disaster Relief Business Agreement Ceremony with the Busan Branch of the Korean Red Cross.

This agreement was signed to establish a cooperative system that enables Busan Bank and the Busan branch of the Korean Red Cross to carry out disaster recovery activities quickly and efficiently in the event of a disaster.

In the event of a disaster, Busan Bank, the Busan branch of the Korean Red Cross, and local governments will consult on the scale of damage and the necessary human and material support, such as volunteers. The Busan branch of the Korean Red Cross will provide emergency relief kits as a priority, and Busan Bank will replenish any shortage of relief kits.

Through this cooperation, each organization is expected to enhance the speed of recovery activities and strengthen the safety net of the local community.

Busan Bank President Bang Seongbin said, "Through this agreement, we will further strengthen our disaster response capabilities and provide tangible help to the local community," adding, "Busan Bank will always strive and stand together for the safe and happy lives of Busan citizens."

Along with this agreement, Busan Bank has decided to further strengthen its social responsibility by expanding its existing emergency disaster relief volunteer group from about 50 members to around 200, including branch managers, to establish a constant response system for local disaster support. In addition, the bank will institutionalize emergency financial support for disaster-affected customers through disaster recovery financial assistance and deferred card payments in the event of a disaster.