NH NongHyup Bank said on March 27 it held a meeting of the Productive Finance Promotion Committee on March 26 at the main conference hall of NH NongHyup Tower, chaired by its president, in line with the government's drive for a major shift to productive finance.

At the meeting, the bank defined productive finance as finance that contributes to creating real added value for regions, agriculture and companies and drives sustainable growth. It discussed strategies to realise that goal.

Based on its nationwide network, the bank plans to support balanced regional development and expand investment and financial support for the value chain of future growth industries, including advanced strategic industries such as semiconductors, AI and biotech. It also plans to expand the creation of a public growth fund in line with the national growth strategy and strengthen venture capital investment to foster innovative companies in the food and agritech sectors.

It also plans to establish a regular review system centred on the committee and strengthen interdepartmental cooperation to improve execution. The strategy is to go beyond funding and provide tailored financial solutions by corporate growth stage to support management improvement and securing global competitiveness.

Tae-young Kang (강태영), president of NH NongHyup Bank, said, "This is a time when the role of finance is important for local communities and innovative companies, which are the foundation of the national economy, to make a leap." He said, "Based on NongHyup Bank's nationwide network and expertise, we will energise the real economy and promote productive finance in which companies and local communities grow together."