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Search results for NH NongHyup Bank

Finance

P2P lenders gain momentum as rules ease; financial CEO appointments gather pace

Korea\'s online investment-linked finance industry is accelerating mid-rate lending to mid-to-low credit borrowers and sole proprietors after regulatory improvements. The Financial Services Commission plans to raise self-funding investment limits and financial-company linked investment caps, and expand limits for general investors. Major financial institutions are also stepping up CEO selection processes, while regulators tighten oversight of bank asset quality, governance and internal controls. Payment and digital-asset businesses widen partnerships and services.

Finance

Shinhan Bank retains Incheon city treasury mandate worth about 17 trillion won

Shinhan Bank won the mandate to remain Incheon’s primary treasury bank in a market worth about 17 trillion won, fending off a challenge from Hana Bank. Incheon said it selected Shinhan as the designated institution for the primary treasury role for 2027-2030, while NH NongHyup Bank was chosen as the secondary treasury bank. The primary treasury manages general accounts, special public enterprise accounts and funds.

Finance

MOIS to provide online household move-in data to Toss Bank, first for internet-only banks

South Korea\'s Ministry of the Interior and Safety will provide Toss Bank with online access to household move-in data from Sept. 17, the first such link-up for an internet-only bank. The data will allow the bank to check required information in real time during reviews for rental deposit loans without customers submitting separate documents. The ministry expects the online link to cut review times from 5 days to 4 days or more and help prevent real estate loan fraud.