NH Financial Group nears 12 trillion won in regionally rooted productive finance… Lee Chan-woo’s ‘capital strategy’ hits the mark

NH NongHyup Financial Group plans to expand region-focused productive and inclusive finance in the second half after supplying 11.9 trillion won in productive finance and 2.1 trillion won in inclusive finance in H1.

The group will back local industries through bank corporate lending, securities risk capital, and fund/equity investment linked to regional specialty sectors.

It also plans to strengthen support for vulnerable groups by creating a microfinance foundation and increasing contributions to local credit guarantee foundations.

Improved first-half earnings and a 1.2 trillion won rights issue have given the group more financial capacity to widen these efforts.