The Busan Bank Co., Ltd.
Location
Busan
Founded
1967-11-29
Website
Risk Signals
263 news mentions monitored
Industry Context
This company is tracked across risk categories, including those related to its sector (e.g., Commercial Banks, Not Elsewhere Classified), including supply chain integrity, ESG practices, labor disputes, and regulatory compliance.
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Recent Articles about The Busan Bank Co., Ltd.
Live alerts from global media, monitored by Business Radar
2024-12-02 (inews24.com)
BNK Financial participates in raising KRW 100 billion in corporate financial stability fund
Agreement with Yuamco… Support for corporate restructuring in Buul-Gyeonggi Province BNK Financial Group announced on the 29th that it signed a business agreement with Yuamco to support corporate restructuring in Buul-Gyeonggi Province at the Busan Bank headquarters and participated in the creation of a ‘Corporate Financial Stability Fund’ worth 100 billion won. Yuamco (Yonhap Asset Management) is a corporate restructuring company whose main tasks include operating and investing in corporate financial stability funds and underwriting non-performing loans.
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2024-10-01 (greened.kr)
BNK Financial Busan Bank Bang Seong-bin and Gyeongnam Bank Ye Kyung-tak have mixed prospects for reappointment.
[Green Economy News = Reporter Park Geum-jae] Rumors are continuing over the reappointment of CEOs of BNK Financial Group's banking affiliates. While Busan Bank President Bang Seong-bin is highly likely to be reappointed, the prevailing view is that Gyeongnam Bank President Ye Kyung-tak will find it difficult to reappoint. According to the financial sector on the 30th, the terms of Busan Bank President Bang Seong-bin and Gyeongnam Bank President Ye Kyung-tak will expire in March 2025. The industry expects that the CEO succession process for President Bang and President Ye will begin faster than in previous years, considering that the 'Best Bank and Bank Holding Governance Practices' will be applied starting this year. The prevailing view is that President Bang will win a second term. busan
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2024-09-04 (ebn.co.kr)
Internet banks, counting down time to overtake local banks... All three companies achieve ‘record performance’
The three internet-only banks achieved their highest ever performance in the first half of the year. It has recorded high growth in a short period of time, rising to a level that threatens the country's leading local banks. According to the financial industry on the 3rd, the net profit of the three internet banks, including Kakao, K, and Toss Bank, in the first half of the year was recorded at KRW 341.3 billion. The total net profit of the three companies in the first half of last year was (170.4 billion won), which has more than doubled in one year. All three companies are on a semi-annual basis
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2024-07-01 (hankooki.com)
BNK Financial publishes 2023 sustainability report
[Busan = Daily Korea Reporter Yang Jun-mo] BNK Financial Group (Chairman Bin Dae-in) published a sustainability report on the 1st containing the latest ESG (environmental, social, and governance) trends and stakeholder requirements for 2023. The twelfth this year. Through the publication of the report, the group's ESG management status in line with the latest trends was disclosed to stakeholders. BNK Financial has been publishing a sustainability report every year since 2012. This report complies with major ESG disclosure standards such as GRI (Global Reporting Initiative), Sustainability Accounting Standards Board (SASB), and Climate Change Financial Information Disclosure Council (TCFD). Comply with
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2024-06-12 (m-i.kr)
InBang's three companies, which avoided the ELS incident, are showing good performance... The steep rise in delinquency rates is a burden.
Inbank takes the lead in refinance loans... Mortgage loans soar by more than KRW 5 trillion in one year
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2024-03-22 (newspost.kr)
BNK Financial, common stock capital ratio improved to over 12% this year
[News Post = Reporter Lee Hae-ri] BNK Financial Group announced on the 22nd that it held the 13th regular shareholders' meeting at the Busan Bank headquarters in Munhyeon-dong, Nam-gu, Busan, approved the 2023 financial statements, and resolved to pay cash dividends. Last year, BNK Financial Group's net profit for the current period was due to the preemptive accumulation of loan loss reserves to prepare for the risk of insolvency and an increase in one-time expenses for win-win financial support.
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2024-03-17 (fnnews.com)
Dae-in BNK, Chairman of BNK Financial Group, “We will leap forward as a top-tier financial group and make bold innovations.”
[Financial News] BNK Financial Group Chairman BNK Financial Group announced that it will leap forward to become a top-notch, region-based glocal (Local+Global) financial group. He revealed his vision to clarify ‘BNK’s unique brand value’ by boldly innovating in response to changes and securing future revenue sources. Chairman Dae-in Bin held a ceremony commemorating the 13th anniversary of the founding of BNK Financial Group held at the Sky Hall of Busan Bank headquarters on the 15th.
Read more![[ESG] Employee of BNK Financial Busan Bank, who received bribes from the owner family of a construction company in Busan for several years... How far will the investigation reach?](https://images.businessradar.com/articles/a400fa33-96d2-4cc9-8265-9cced476fe40)
2024-02-08 (incheonilbo.com)
[ESG] Employee of BNK Financial Busan Bank, who received bribes from the owner family of a construction company in Busan for several years... How far will the investigation reach?
Five employees of the credit-related department, including the manager in charge of real estate project financing (PF) loans for the main branch of Nam-gu, Busan of BNK Financial Group (BNK Financial) Busan Bank, are being investigated by the prosecution. They are accused of receiving tens of millions of won in money and valuables, including department store gift certificates, from the family of the owner of I Construction Company in Busan around holidays for the past three years. BNK Financial, a poor company, suffered a crack in customer trust due to embezzlement and corruption by its employees, and another corruption incident occurred. In 2023, the number of employees in charge of real estate project financing PF at BNK Finance and Gyeongnam Bank will be approximately 300 from 2007 to July 2022.
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2024-02-05 (kbanker.co.kr)
BNK Financial Group, net profit of 630.3 billion won in 2023
BNK Financial Group (Chairman Bin Dae-in) announced on the 5th through its performance disclosure that the group's consolidated net profit (controlling company's share) in 2023 recorded KRW 630.3 billion (△KRW 143.9 billion compared to the previous year). The banking sector is working to expand loss absorption capacity. Due to the preemptive accumulation of large provisions and an increase in costs related to win-win financing, the net profit for the period was KRW 626.7 billion, a decrease of KRW 72.2 billion (Busan Bank △ KRW 76.7 billion, Kyongnam Bank + KRW 4.5 billion) compared to the previous year. The non-banking sector recorded a net profit of KRW 626.7 billion despite an increase in securities-related profits. , net profit for the period was KRW 143 billion, down KRW 74.3 billion from the previous year due to a decrease in commission profits and an increase in provisions for non-performing assets. Capital (△59.2 billion won
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2024-02-01 (fnnews.com)
BNK Busan Bank and Gyeongnam Bank refund KRW 83.2 billion in interest to 110,000 small business owners and self-employed people
[Financial News] In order to implement the financial support program for people in the banking sector jointly announced by BNK Financial Group's Busan Bank and Gyeongnam Bank, about 108,000 small business owners, including 64,000 from Busan Bank and 44,000 from Gyeongnam Bank, have been working since February. It was announced on the 1st that interest refunds worth 83.2 billion won will be provided to self-employed people. First, in early February, personal business loans...
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2024-01-31 (seoulfn.com)
Busan Bank holds Financial Golden Bell for seniors
[Seoul Finance (Busan) Reporter Jo Ha-yeon] BNK Busan Bank is holding a ‘Challenge!’ event with BNK Busan Bank for 900 seniors in the Busan area on the 30th and 31st. It was announced on the 31st that the 'Senior Financial Golden Bell' was held. This event was prepared to improve the senior class' understanding of digital finance and prevent financial crime damage due to the spread of digital finance. The Senior Financial Golden Bell is a program for banking, financial investment, insurance, and finance. It was conducted in six areas: information, financial fraud response, and financial consumer protection. Participants studied online for two weeks in advance and then participated in the Financial Golden Bell using Zoom, a video conferencing system. Park Doo-hee, Busan Bank Gold
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2024-01-18 (enewstoday.co.kr)
BNK Busan Bank conducts special sale of housing mortgage loans worth a total of 500 billion won
[ENews Today Reporter Kim Young-min] BNK Busan Bank is carrying out the '2024 Home Mortgage Loan Special Sale' worth a total of 500 billion won to ease the financial cost burden on customers in line with the expansion of the online and one-stop refinance loan infrastructure. The special sale is Busan Bank's ' Repayment of total debt principal and interest by new customers or those with good repayment ability through the ‘Loan Move GO!’ service
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