RoK’s Nonghyup Bank opens branch in Vietnam

14:38 | 13/12/2016 Finance - Banking

The Republic of Korea-based Nonghyup Bank has officially opened a branch in Hanoi after receiving an official licence from the State Bank of Vietnam.

Photo: VOV

With extensive experience and capabilities accumulated over 50 years, Nonghyup Bank will participate in the Vietnam financial market with the full functions of a commercial bank and continue supporting the economic development of Vietnam and activities of both countries’ businesses. Founded in 1961 in the RoK, Nonghyup is a co-operative bank with 100 percent of capital contributed by farmers and locals.

Nonghyup is not only a commercial bank and but also a bank supporting agriculture policy, providing credit services for households and businesses and contributing to the Korean economy through credit financing in the field of rural agriculture. Nonghyup is currently the largest bank in the RoK. Nonghyup Bank has had a representative office in Vietnam since 2012. At present, Nonghyup Bank is implementing several corporate social responsibility (CSR) activities to support Vietnamese brides in multicultural families while focusing on the mountainous areas of Vietnam.

Nonghyup Bank has signed a corporation agreement with Tin Tuc (News) Newspaper (under Vietnam News Agency) to provide this publication to overseas Vietnamese living in the RoK.

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