NH Bank to expand to SMEs in corporate banking

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NH Bank to expand to SMEs in corporate banking

NH Bank, the recently spun-off banking arm of the financial holding company under the National Agricultural Cooperative Federation - or Nonghyup - said yesterday it plans to expand financing for small- and mid-sized enterprises (SMEs) to strengthen its presence in corporate banking.

According to a press release, the bank plans to identify and offer lower lending rates to competitive mid-level companies by the end of April, while entering financing partnerships with “SMEs with innovative technology” to also provide free consulting services.

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