| Mobile Web

Search results for Kyongnam Bank

Finance

Small business sales up 4.5 percent but margins fall for second straight quarter; delinquencies rise

South Korean small business sales rose 4.53 percent in the second quarter from a year earlier, but profit margins fell for a second straight quarter as expenses increased faster, a report by Korea Credit Data showed. Average revenue per business was 47.11 million won, while average spending rose 5.83 percent to 35.22 million won. Delinquent amounts on sole proprietors’ loans rose 4.3 percent from the previous quarter to 15.2 trillion won.

Finance

BNK Financial to provide 1.6 trillion won in Chuseok funding for SMEs and small merchants

BNK Financial Group will provide special loans worth a total of 1.6 trillion won to regional small and medium-sized companies and small merchants ahead of the Chuseok holiday. BNK Financial said on Sunday it will supply the BNK 2026 Chuseok Special Loan through BNK Busan Bank and BNK Kyongnam Bank from Aug. 24 to Oct. 26. Each bank will support 800 billion won, split between new funding and maturity extensions. Borrowers may receive interest-rate cuts of up to 1.0 percentage point.

Finance

BNK Financial strengthens consumer protection governance, guarantees two-year CCO term

BNK Financial Group has set up financial consumer protection committees under the boards of Busan Bank and Kyongnam Bank and will strengthen the independence and authority of its chief consumer protection officer. The board will directly decide on the appointment and dismissal of the CCO, whose term will be guaranteed at 2 years. The group is also running an internal contest to identify and improve practices and procedures deemed unfavorable to consumers.