Expanding Customized Financial Support for Small Business Owners and the Self-Employed
Serving as a Vanguard for the Recovery of the People's Livelihood Economy under the Sovereign Government
On June 11, BNK Financial Group (Chairman Bin Daein) announced the establishment of a 'Regional Economy Hope Center' within Busan Bank and Kyongnam Bank. This initiative aims to expand customized financial support for small business owners and self-employed individuals who are struggling due to the 12·3 Martial Law and high interest rates, and to strengthen the group's role as a financial institution leading the creation of social value.
The purpose of establishing this center is to actively respond to government policies and to reinforce the role of local financial institutions in revitalizing the regional economy.
With continued domestic and international uncertainties causing the regional economy to fall into a low-growth trap and making conditions challenging, BNK Financial Group has expressed its commitment to actively fulfill its social responsibility as a vanguard for the recovery of the local economy and to drive sustainable growth in the community through practical financial support.
Going forward, BNK plans to continuously identify, systematically manage, and implement detailed action items in key areas such as livelihood recovery, social contribution, and ESG.
As a first step, the group will promote community-focused social contribution activities, including a campaign to encourage the use of traditional markets to revitalize the regional economy, and a plan to support the recovery from wildfire damage that occurred in March this year in Sancheong-gun, Gyeongnam Province.
In addition, BNK will sequentially announce practical support measures for the livelihood of local residents, such as management improvement consulting to help small business owners overcome crises and recover stably, the launch of special loan products for local self-employed individuals, and debt adjustment and maturity extension programs to alleviate debt burdens. Through these efforts, the group aims to enhance the effectiveness of mutually beneficial finance and maximize its social impact.
In particular, under the banner of 'co-prosperity management for regional growth,' BNK plans to further develop its efforts toward mutually beneficial finance in a more systematic and in-depth manner through the establishment of this new center.
A BNK Financial Group representative stated, "BNK will go beyond simple financial support to realize the true value of co-prosperity by overcoming challenges together with the local community and achieving shared growth," and emphasized, "We will continue to identify and implement policies that the region can truly feel, thereby realizing our group vision of 'Finance that makes the world beat with excitement.'"
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