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NH NongHyup Bank signs contract to handle overseas remittances for military pensions

NH NongHyup Bank said on Tuesday it signed an outsourcing agreement with the Armed Forces Financial Management Agency for overseas remittance services for military pensions at its headquarters in central Seoul. Under the agreement, the bank will provide overseas remittance services to ensure stable pension payments to military pension recipients living abroad. It plans to strengthen military-related financial services following its selection as the dedicated bank for the service.