Nonghyup Bank Launches Strategic Product 'NH Future Growth Corporate Loan' for Productive Finance

NH Nonghyup Bank announced on January 9 that it will launch its strategic product, the 'NH Future Growth Corporate Loan,' to support the growth of companies driving future growth and to promote a major shift toward productive finance.

This product supports corporate entities and sole proprietors subject to business review that operate in future growth industries designated by Nonghyup Bank. The bank plans to flexibly adjust the eligible industries by monitoring changes in the market environment. The future growth industries include artificial intelligence (AI), semiconductors, displays, telecommunications, bio and vaccines, defense and aerospace, secondary batteries, energy and advanced industrial infrastructure, future mobility, robotics and scientific technology, cultural content, and critical minerals.

To focus on growth potential in its review process, the bank has introduced the 'NH Future Growth Rating' system, which strengthens non-financial factors such as technology certifications like patents and technology evaluation grades. The bank will offer preferential interest rates of up to 2.30 percentage points. In addition, in line with the balanced growth strategy of 'Five Core Regions and Three Special Zones,' for facility loans outside the Seoul metropolitan area, the loan-to-value (LTV) ratio can be raised by up to an additional 30 percentage points.

Meanwhile, Nonghyup Bank has designated this year as the year of a major shift toward productive finance. The bank has reorganized its SME Customer Department into the Corporate Growth Support Department, established a Productive Finance Bureau, and created a Strategic Industry Review Bureau within the Credit Review Department to facilitate rapid funding support.

Kang Taeyoung, President of Nonghyup Bank, stated, "This product goes beyond simple funding to foster the future value of companies with technological capabilities and growth potential. Nonghyup Bank will take the lead in productive finance, fulfilling its responsibility and role in nurturing new national growth engines and revitalizing local economies."