NH Bank will donate an additional 500 million won to support flood victims in the Gyeongnam region, who were affected by heavy rainfall in August, ahead of the Chuseok holiday.
On September 22, NH Bank announced that it would provide the donation through the Gyeongnam branch of the Korean Red Cross to assist flood victims in their recovery. This support is part of a comprehensive recovery effort for areas like Geoje and Tongyeong.
To help farmers resume their agricultural activities after suffering damage from flooded fields and destroyed facilities, NH Bank has allocated up to 50 billion won for emergency recovery funds. The bank is also continuing on-site recovery efforts, financial support, insurance assistance, and living stability aid.
Immediately after the disaster, emergency relief kits, washing vehicles, and shelter tents were provided to affected farmers. Including this donation, a total of 730 million won has been contributed.
Employees of NH Bank have participated in recovery efforts, providing equipment such as pumps and pallets. They are also offering free repairs for flooded agricultural machinery and exchanging agricultural materials at no cost, along with 13 billion won in interest-free loans.
Financial support continues as NH Mutual Finance offers interest-free emergency living stabilization funds of up to 30 million won to affected member households.
NH Bank is implementing preferential interest rates for new loans, new policy fund support, deferrals for loan repayments and credit card payments, and waiving financial fees. NH Insurance is deploying damage assessment personnel to the field and prepaying 50% of the estimated insurance payouts.
NH Bank Chairman Kang Ho-dong stated, "We will mobilize all our resources to ensure that residents in affected areas like Geoje and Tongyeong can return to their daily lives and agricultural activities as soon as possible."
From 2024 to 2026, NH Bank has provided a total of 84 billion won in disaster-related support and deployed over 21,000 personnel for recovery efforts.
* This article has been translated by AI.
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