IBK Bank plans to invest over 30 trillion won by 2030 to support financially excluded groups and vulnerable borrowers, while also backing the growth of small and regional innovative businesses. This initiative aims to strengthen the role of the national policy bank through inclusive and productive finance.
During the bank's 65th anniversary ceremony held on July 31 at its headquarters in Jung-gu, Seoul, CEO Jang Min-young announced this long-term management vision.
Jang stated, “As the prolonged domestic economic downturn continues due to the global complex crisis, the difficulties faced by businesses and households are increasing. It is time to reassess the role and purpose of IBK as a policy bank.”
The new vision, named 'ON-IBK,' will focus on enhancing the bank's social responsibility in finance. Jang emphasized, “We will leap forward as a bank that practices social responsibility based on the inherent value of finance,” outlining the direction of the future strategy.
The bank aims to support financially excluded groups and vulnerable borrowers with over 30 trillion won by 2030. This initiative is designed to reduce the burden of financial costs while assisting customers facing management and economic difficulties in their recovery and resurgence, and to promote the spread of inclusive finance across the financial sector.
IBK will also expand productive finance for small and regional innovative businesses. The bank plans to focus its financial capabilities on supplying funds to companies with high growth potential to invigorate local economies and foster future growth drivers.
Additionally, IBK is accelerating its digital transformation using artificial intelligence (AI). The goal is to transition into an 'AI Native Bank' that redefines organizational operations, work methods, and decision-making processes around AI, moving beyond merely applying AI technology to individual tasks.
Jang stressed, “We will redesign the DNA of our organization, our working methods, and decision-making processes around AI to achieve substantial growth.”
During the bank's 65th anniversary ceremony held on July 31 at its headquarters in Jung-gu, Seoul, CEO Jang Min-young announced this long-term management vision.
Jang stated, “As the prolonged domestic economic downturn continues due to the global complex crisis, the difficulties faced by businesses and households are increasing. It is time to reassess the role and purpose of IBK as a policy bank.”
The new vision, named 'ON-IBK,' will focus on enhancing the bank's social responsibility in finance. Jang emphasized, “We will leap forward as a bank that practices social responsibility based on the inherent value of finance,” outlining the direction of the future strategy.
The bank aims to support financially excluded groups and vulnerable borrowers with over 30 trillion won by 2030. This initiative is designed to reduce the burden of financial costs while assisting customers facing management and economic difficulties in their recovery and resurgence, and to promote the spread of inclusive finance across the financial sector.
IBK will also expand productive finance for small and regional innovative businesses. The bank plans to focus its financial capabilities on supplying funds to companies with high growth potential to invigorate local economies and foster future growth drivers.
Additionally, IBK is accelerating its digital transformation using artificial intelligence (AI). The goal is to transition into an 'AI Native Bank' that redefines organizational operations, work methods, and decision-making processes around AI, moving beyond merely applying AI technology to individual tasks.
Jang stressed, “We will redesign the DNA of our organization, our working methods, and decision-making processes around AI to achieve substantial growth.”
* This article has been translated by AI.
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