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IBK Industrial Bank of Korea to supply 1.5 trillion won for inclusive and productive finance with KODIT and KIBO

IBK Industrial Bank of Korea said on Wednesday it signed a memorandum of understanding with the Korea Credit Guarantee Fund and the Korea Technology Finance Corp to expand support for inclusive and productive finance. Total support will amount to 1.5 trillion won. The bank will supply 500 billion won for inclusive finance and 1 trillion won for productive finance, offering loan-rate reductions and guarantee-fee support to eligible small and medium-sized firms.