Hana Bank announced on the 23rd that it will provide a total of 11.3 trillion won in emergency financial support for small and medium-sized enterprises and small business owners that are expected to face management difficulties due to the situation in the Middle East.
Lee Ho-sung, president of Hana Bank, held an emergency executive meeting on the morning of the same day and decided to prepare and implement emergency liquidity support measures to stabilize the management of export and import corporations and domestic corporations that have entered the Middle East region, in response to the rapid fluctuations in the financial and foreign exchange markets.
Hana Bank will supply a total of 11.3 trillion won in emergency liquidity support. A special program for rapid liquidity support for small and medium-sized enterprises worth 2 trillion won will be newly implemented. For existing promotional loans, such as the main operating preferential long-term loans, the limit will be increased by an additional 8 trillion won. The limit for special promotional loans aimed at small business owners, such as the Happiness Plus small business loan, which applies a preferential interest rate of up to 2%, will be increased by 1.3 trillion won.