Search results for NH Savings Bank
Finance
Mid-rate livelihood stability loans spread among non-bank lenders as commercial banks hold back
South Korea\'s Financial Services Commission\'s mid-rate livelihood stability loan, introduced to support living expenses for mid- and low-credit borrowers, is spreading mainly among non-bank lenders. The product was first launched by six savings banks and has since been rolled out by additional savings banks and capital firms. Major commercial banks have not launched it separately and say plans remain undecided, though they have introduced their own mid-rate and inclusive finance products. Regulators are expanding household-loan volume management incentives for mid-rate lending, which could boost supply.
Finance
NH NongHyup Financial first-half net profit rises 9.2 percent to 1.78 trillion won
NH NongHyup Financial Group posted a record first-half net profit of 1.78 trillion won, up 9.2 percent from a year earlier, supported by growth in both interest and non-interest income. Operating profit rose 14.0 percent to 3.2 trillion won. NH Investment & Securities more than doubled profit, while bank and insurance units saw declines. Credit loss provisions and selling and administrative expenses increased.
Finance
NH NongHyup Financial strengthens \'NH All One Derful\' brand for seniors
NH NongHyup Financial Holding said on Monday it will strengthen its senior-focused brand, NH All One Derful, launched in November to support retirement preparation and asset management. The group said it is introducing dedicated products across affiliates including banking, insurance, securities, asset management and a savings bank, citing new insurance and investment products and the sellout of a senior savings plan. It also highlighted retirement pension returns at NongHyup Bank.