Exploring and Collaborating on New Domestic and Global Business Opportunities in Offshore Wind Power and Ship Financing
Strengthening Global Partnerships... Leading ESG Finance and Boosting Economic Vitality in the Southeastern Region
BNK Financial Group (Chairman Bin Dae-in) signed a Memorandum of Understanding (MOU) for a strategic partnership to strengthen global sustainability and expand ESG finance with ING Bank, a leading global financial institution, at the Busan Bank headquarters on the 24th.
On the 24th, BNK Financial Group signed a strategic partnership memorandum of understanding with ING Bank, a global leading financial institution. (From the second person on the left: Philip van Hoof, ING Bank Korea Representative; Bindaein, Chairman of BNK Financial Group; Son Youngchang, Branch Manager of ING Securities Seoul Branch)
Through this agreement, BNK Financial Group plans to expand sustainable financial solutions by leveraging ING Bank’s advanced financial techniques and global financial network, and strengthen its role as a regionally specialized bank that fosters future local industries by implanting advanced financial DNA in the region.
In particular, starting with projects in the renewable energy sector such as offshore wind power and ship financing, BNK Financial Group will focus on financial support linked to regional economic revitalization aiming to become a global hub city, including the development of Busan New Airport, North Port redevelopment, aerospace complex city, and smart logistics city.
Additionally, by introducing overseas ESG bonds and customized sustainable-linked financial solutions, BNK Financial Group will develop products that align with global ESG financial trends, and expand the ESG financial ecosystem through building expert networks and co-hosting workshops.
BNK Financial Group and ING Bank plan to build a cooperative system that leverages their respective strengths to expand regionally specialized finance and support global and regional economic development. BNK Financial Group will be responsible for financial support and management of domestic ESG projects and establishing cooperation systems with local stakeholders, actively discovering investment opportunities that can contribute to domestic and international economic development.
ING Bank will be responsible for discovering opportunities by applying advanced global financial techniques to sustainable-linked financial support for global projects and regionally specialized finance, and will provide financial products and funding solutions that comply with international ESG standards. Through this, BNK Financial Group will strengthen IB finance, marine finance, logistics finance, and aviation finance based on the regional economy, while ING Bank will establish a win-win strategy to expand sustainable finance opportunities in the Korean market.
The signing ceremony was attended by BNK Financial Group Chairman Bin Dae-in, Philip van Hoof, ING Bank Korea CEO, and Son Young-chang, ING Securities branch manager as signatories, with Jakomain Vels, Head of ING Global Sustainable Solutions Group, and Sally Little, Head of ING Asia-Pacific Financial Institutions Division, among others, attending to discuss future cooperation plans.
Philip van Hoof, ING Bank Korea CEO, said, “We are pleased to contribute to the development of the Korean ESG finance market through cooperation with BNK Financial Group,” and added, “We will actively support BNK Financial Group in securing global-level competitiveness by fully utilizing ING Bank’s global network and sustainable finance expertise.”
Bin Dae-in, Chairman of BNK Financial Group, said, “This agreement will be an opportunity to elevate BNK Financial Group’s global financial capabilities to the next level,” and added, “Through cooperation with ING Bank, we will create a sustainable financial ecosystem and secure new momentum for regional economic growth.”
Through this MOU signing, BNK Financial Group plans to further strengthen ESG finance and leap forward as a regionally specialized bank that fosters future local industries together with the local community.
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