NH Nonghyup Bank's Technology Finance Balance for SMEs Surpasses 20 Trillion Won

Surpassing 1 Trillion Won in Just 9 Months Since Launch of Dedicated Product
Accelerating the Practice of Productive Finance

NH Nonghyup Bank announced that the balance of its technology finance, which supports the growth and innovation of small and medium-sized enterprises (SMEs), has exceeded 20 trillion won. In addition, the dedicated product launched in December last year, "NH Excellent Technology Evaluation Corporate Loan," has surpassed a balance of 1 trillion won, positioning the bank at the forefront of practicing productive finance.

The "NH Excellent Technology Evaluation Corporate Loan" targets SMEs that have received a Technology Credit Bureau (TCB) evaluation report, offering increased loan limits and preferential interest rates of up to 1.80 percentage points for companies with outstanding technological capabilities. Starting this year, the scope of technology finance has been expanded to include the agriculture and livestock sectors, and 200 billion won in dedicated funds has been supplied to agricultural and livestock companies with excellent technological capabilities.

Meanwhile, last month, Nonghyup Bank began offering the "NH Small Business Consulting" service for small business owners and prospective entrepreneurs through NH All One Bank, its flagship platform under Nonghyup Financial Group. The bank is also preparing to launch a corporate consulting center and specialized services for individual business owners.

Kang Taeyoung, President of Nonghyup Bank, stated, "Supporting SMEs, which are the backbone of industry, is the fundamental role of a bank," adding, "We will continue to expand productive finance for innovative companies, not only for startups and manufacturing firms but also for agricultural and livestock companies in local communities."