BNK Kyongnam Bank Signs "Gimhae City Small Business Support Agreement"

Contributing 250 Million Won as Guarantee Funds
and Providing Guarantee Loans

BNK Kyongnam Bank is strengthening its collaboration with local governments and guarantee foundations to support small business owners in the region and revitalize the local economy.

On January 13, BNK Kyongnam Bank signed the "2026 First Half Gimhae City Small Business Support Financial Business Agreement" with Gimhae City and other parties.

Gimhae City Agreement Ceremony.

Bank President Kim Taehan visited Gimhae City Hall and held the "2026 First Half Gimhae City Small Business Support Financial Business Agreement Ceremony" with Mayor Hong Taeyong and Lee Hyogeun, Chairman of Gyeongnam Credit Guarantee Foundation.

Under the agreement, BNK Kyongnam Bank will contribute 250 million won to the Gyeongnam Credit Guarantee Foundation as guarantee funds for financial support to small business owners in Gimhae City and will provide guarantee loans.

Gimhae City will contribute 500 million won to the Gyeongnam Credit Guarantee Foundation as guarantee funds for financial support to small business owners in Gimhae City. The city will also provide an interest subsidy of 2.5% for two years and cover 50% of the first year’s credit guarantee fee (equivalent to six months) for loans under the agreement.

The Gyeongnam Credit Guarantee Foundation will provide credit guarantee support for small business development funds in Gimhae City, apply a preferential guarantee ratio (90%), and establish a cooperation framework through fund allocation, credit guarantee processing, and the assignment of dedicated personnel.

Through this financial business agreement, BNK Kyongnam Bank and other financial institutions, together with Gimhae City, have contributed a total of 1 billion won to the Gyeongnam Credit Guarantee Foundation and will provide a total of 12 billion won in support based on these funds.

The maximum support limit is up to 50 million won per small business, with repayment options including a lump-sum repayment (two-year maturity) or installment repayment (two-year grace period followed by one to three years of installment payments).

Kim Taehan, President of BNK Kyongnam Bank, stated, "We will work closely with Gimhae City and the Gyeongnam Credit Guarantee Foundation to ensure that funds are provided in a timely manner to local small business owners facing difficulties due to deteriorating business conditions. As a reliable partner working alongside the local community, BNK Kyongnam Bank will do its utmost to revitalize the regional economy in 2026 as well."

Meanwhile, BNK Financial Group (Chairman Bin Daein), which includes BNK Kyongnam Bank, plans to establish the "Busan-Ulsan-Gyeongnam Growth Strategy Committee" in line with the government's "Five Poles, Three Special Zones" regional balanced development policy.