Finance
Shinhan Bank to launch New Hope Holssi virtuous-cycle inclusive finance programme
Shinhan Bank said on Tuesday it will launch a New Hope Holssi virtuous-cycle inclusive finance programme from Feb. 6 to improve financial access and expand support for financially vulnerable groups. The programme targets low-credit customers in the bottom 20 percent by KCB standards and converts their high-interest unsecured loans at Shinhan into long-term installment New Hope Holssi loans. It applies a fixed annual rate of 6.9 percent for up to 10 years.
