Hana Bank CEO Lee Ho-sung, second from left, poses with officials and business representatives after signing a memorandum of understanding with the Incheon Credit Guarantee Foundation to expand financial support for small businesses and local companies in Incheon, Thursday. Courtesy of Hana Bank
Ahead of its headquarters relocation to Incheon in September, Hana Bank is stepping up financial support for the city’s small businesses and manufacturers, the lender said Sunday.
As part of the initiative, the bank signed a memorandum of understanding with the Incheon Credit Guarantee Foundation, Thursday, before CEO Lee Ho-sung visited Sinpo International Market and the Namdong National Industrial Complex to meet business owners and discuss the challenges they face.
The partnership reflects Hana Financial Group’s broader push to strengthen its presence in Incheon ahead of its move to Cheongna.
Under the agreement, Hana Bank will contribute 5.5 billion won ($3.77 million) this year to the Incheon Credit Guarantee Foundation, enabling 84 billion won in guaranteed loans for small business owners.
