NH Nonghyup Bank Holds Emergency Crisis Response Meeting... Up to KRW 500 Million Support for Companies Operating in Iran

Launching the Emergency Support Program for Crisis Recovery

NH Nonghyup Bank announced on March 2, 2026, that it has convened an "Emergency Response Meeting" to address the heightened uncertainty in the Middle East stemming from the recent emergency between the United States and Iran. The bank stated that it will strengthen risk management across its entire banking operations and provide support to affected companies.

In order to minimize the potential impact of the crisis on the domestic industrial sector and financial markets, Nonghyup Bank will implement a company-wide response system. The bank will closely monitor real-time changes in market conditions, such as sharp fluctuations in oil prices and exchange rates, as well as increased global interest rate volatility. It also plans to maintain a systematic response to ensure adequate liquidity.

Additionally, the bank intends to bolster its proactive risk assessment and management systems in anticipation of further market uncertainty, making every effort to ensure financial stability.

In particular, the bank will launch an "Emergency Relief Support Program" for companies expected to suffer direct or indirect damage from the Middle East conflict. For companies operating in Iran or those experiencing management difficulties, the bank will swiftly provide up to 500 million won in new facility and operating funds, and apply a special preferential interest rate of up to 2.0 percentage points.

For companies with existing loans, the bank will offer financial support measures such as granting a repayment deferment of up to 12 months for both principal and interest, and extending the maturity date for loans coming due without requiring principal repayment, thereby easing the repayment burden.

A representative from Nonghyup Bank said, "Being a strong pillar for companies during a national crisis is a core value of NH Nonghyup Bank," adding, "We will take the lead in minimizing economic shocks by enhancing corporate support based on thorough market analysis and proactive risk management."