KB Kookmin Bank said on March 13 it will push to develop a "strategic model for productive finance support" that evaluates companies by focusing on future value and growth potential.

The strategic model is designed to conduct credit assessments by comprehensively analyzing alternative information alongside a company’s financial data based on financial statements.

KB Kookmin Bank plans to broaden the reflection of growth and activity indicators and use a range of alternative information, including purchase and sales financing transaction data as well as patents, R&D activity and employment information. It aims to comprehensively reflect corporate technological capabilities and the growth potential of business models. The bank plans to assess companies’ future growth value in a more multi-dimensional way.

It also plans to strengthen a productive finance support system that drives the growth of potentially promising companies by more precisely reflecting the business performance, technological competitiveness and market growth potential of small and medium-sized enterprises (SMEs), which are more likely to be overlooked in financial support.

A KB Kookmin Bank official said, "We hope that this strategic model development will help small and medium-sized enterprises with strong technological capabilities and potential receive financial support more smoothly." The official added, "We will continue to expand productive finance support that underpins companies that will lead future industries."