NongHyup Bank announced on Sept. 15 that it will participate as an investor in Templeton Hana New Deal Infrastructure BTL 3, an ESG investment fund managed by Templeton Hana Asset Management.
Templeton Hana New Deal Infrastructure BTL No. 3 is an NH blind fund worth about 200 billion won that invests in educational facility projects such as the Green Smart School BTL Project. Nonghyup Bank has agreed to invest 20 billion won.
A build transfer lease (BTL) project refers to a business method that supports the recovery of investments in the form of building public facilities with private funds, transferring their ownership to the government, and paying rent to private operators.
Nonghyup Bank is steadily expanding investment in BTL funds, which expand social benefits by improving social infrastructure.
It started with an investment of 100 billion won in 2021 and made an investment of an additional 50 billion won in 2022. It will further expand ESG-related investments by participating in the Green Smart School BTL Project among others.
“We will actively practice ESG management by providing comfortable spaces for children by transforming old school facilities into eco-friendly and cutting-edge learning spaces,” said Kim Chun-an, vice president of agriculture and green finance at NongHyup Bank.
Meanwhile, NongHyup Bank is planning to provide approximately 8 trillion won in financial support to the ESG sector by 2025.
Kwon Jun-hak, president of NH NongHyup Bank, donates relief supplies to a typhoon-hit farm in Gyeongju, Gyeongsangbuk-do.
NongHyup Bank President Visits Typhoon-Stricken Area
NongHyup Bank announced on September 14 that Bank President Kwon Jun-hak visited companies and farms hit hard by a typhoon in Gyeongju, North Gyeongsang Province on Sept. 13 and donated some goods to them.
Bank President Kwon visited companies affected by the typhoon, listened to their wishes and delivered daily necessities which they need.
In addition, he promised to provide support for damage recovery. The support includes giving financial and other assistance.
Meanwhile, NongHyup Bank delivered relief goods worth 10 million won to the Korean Red Cross, which will be sent to victims of the typhoon.
Various support measures are being implemented such as preferential credit interest rates, agricultural policy funds, consulting and helping hands for residents and farmers in the storm-hit areas.
Joint Marketing with Gyeongnam FC
The Gyeongnam headquarters of NH NongHyup started joint marketing for soccer fans with Gyeongnam FC.
The two sides signed an agreement on the launch of Gyeongnam FC Fit Credit/Debit Card in the office of NongHyup Bank’s Gyeongnam Headquarters on Sept. 2.
Gyeongnam FC NongHyup Credit Card is the first professional soccer team card and offers a variety of discounts on coffee, movies, online shopping and food delivery services that young soccer fans love. The card will be released on Sept. 5.
Gyeongnam FC NongHyup Credit Card holders will be able to get a discount of 3,000 won when buying Gyeongnam FC tickets of 10,000 won or more.
A 1,000 won discount can be given when using Gyeongnam FC NongHyup Check Card for 10,000 won or more. They can enjoy discounts on goods at Gyeongnam FC Megastore.
Bancassurance Gift Service
NongHyup Bank announced on Sept. 7 that it recently started a mobile bancassurance gift service for the first time in the banking sector.
NongHyup Bank customers can easily give insurance policies as gifts by selecting them on their mobile app and entering recipients’ mobile phone numbers and names.
A total of five insurance policies are available. The five are filial piety insurance, golf insurance, domestic travel insurance, drivers’ insurance, and health checkup insurance.
Insurance premiums range from 3,000 won to 30,000 won, not giving big financial burdens to those who buy insurance policies for others.
NongHyup Bank will hold an event until Sept. 30 to celebrate the launch of the service.
During the event period, the bank will give free Starbucks Americano coupons to 1,000 customers among those who applied for the event after buying insurance policies on the NH Banking mobile app and giving them to others.
“We will expand our mobile insurance market share by launching various mini insurance products,” Kwon said.
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