NongHyup Bank Launches Customized Financial Support for Medium-Sized Enterprises

Business Agreement Signed with Korea Federation of Medium-Sized Enterprises
Expansion of Financial Support and Guarantee Programs

NH NongHyup Bank announced on the 22nd that it had signed a financial business agreement for "customized financial support for the stable growth of medium-sized enterprises" at the headquarters of the Korea Federation of Medium-Sized Enterprises in Mapo, Seoul.

Under this agreement, the two organizations will expand financial support for medium-sized enterprises. The Korea Federation of Medium-Sized Enterprises will recommend outstanding member companies with financial needs, while NongHyup Bank will provide comprehensive financial benefits, including loans and foreign exchange services. To further expand financial support, the two sides will operate practical consultation channels such as regular meetings, and will also expand the "guarantee program" in cooperation with the Korea Credit Guarantee Fund.

On the 22nd, at the headquarters of the Korea Federation of Medium-Sized Enterprises in Mapo, Seoul, Eom Eulyong, Vice President of Corporate Finance Division at NongHyup Bank (third from the left), and Lee Hojun, Executive Vice Chairman of the Korea Federation of Medium-Sized Enterprises (fourth from the left), signed a business agreement for customized financial support for medium-sized enterprises. NongHyup Bank

This year, NongHyup Bank established a Medium-Sized Enterprise Finance Team within its Corporate Client Department as part of an organizational restructuring, strengthening its support for medium-sized enterprises. As a result, the bank expects net new loans to medium-sized enterprises to increase by more than 1 trillion won this year.

NongHyup Bank plans to provide financial support to more than 5,800 medium-sized enterprises. Eom Eulyong, Vice President of the Corporate Finance Division, stated, "The two organizations will work together organically to support the growth of medium-sized enterprises," adding, "NongHyup Bank will continue to strengthen productive finance so that our companies can focus on innovation."