IBK, Loan Launch to Support Value Growth of SMEs

IBK Launches 'IBK Value Growth Loan'
to Support SMEs with Corporate Value Growth Potential

IBK Industrial Bank announced on the 7th the launch of the 'IBK Value Growth Loan' to support small and medium-sized enterprises (SMEs) with expected corporate value growth. This product was created to commemorate the awards received in February, including the Asian Banker 'Best SME Finance Bank in Asia and South Korea' and Global Finance's 'Best SME Finance Bank in South Korea.'

This product is a specialized loan totaling 1 trillion KRW that offers preferential interest rates and limits for working capital and facility fund loans. Eligible borrowers include export and ESG (Environmental, Social, and Governance) management companies, innovation, technology and ESG management companies, digital transformation companies, and inclusive finance target companies (small business owners, early-stage startups, social enterprises, family-friendly companies), with loan interest rates reduced by up to 1.3 percentage points.

An IBK Industrial Bank official stated, "We hope this support will help SMEs achieve substantial value growth, and we will continue to do our best in our role as a policy financial institution."