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DGB Daegu Bank Provides 44.2 Billion Earned Interest Refund to Small Businesses

DGB Daegu Bank implements ‘44.2 billion earned interest refund’ on loans to self-employed owners and small businesses – Gyeongsang Daily Newspaper

[경상매일신문=이태헌기자]DGB Daegu Bank will repay KRW 44.2 billion in loan interest to individual business loan customers such as self-employed people and small business owners as part of the ‘banking for people’s livelihood financial support plan’. After discussing support plans at the end of last year, DGB Daegu Bank, which operates its own program ‘Compassionate Finance Project for Small, Medium and Youth’ to provide cash back with interest and support to the disadvantaged, began preliminary preparations on for prompt action and calculation of the support target and amount. Those eligible for interest rebate are individual business owners (excluding real estate rental business loans) holding corporate loans from DGB Daegu Bank as of December 20, 2023. Based on the loan balance of up to KRW 200 million, 90% of the interest rate is more than the 4% interest rate is KRW 300 per borrower. Repayments will be made within the limit of 10,000 earned For the repayment this interest payment, details such as individual repayment amounts will be notified to approximately 59,000 target customers via SMS on February 5th without a separate application process, and loan interest in their name will be refunded on February 7th payment is made to the withdrawal account. During this process, if unnecessary procedures are required such as text phishing, asking for personal information or recommending additional loans under the guise of applying for a refund or make inquiries are conducted, it is considered electronic communication financial fraud (voice phishing), so customers must be especially careful Daegu DGB Bank, which provides practical benefits to financial aid recipients where everyone wins through the ‘Compassionate Finance Project for Small, Medium, and Cheongseng,’ signed a business agreement for ‘Gyeongsangbuk-do win-win financial support’ in early January, with a limit of 12 billion won. We also support special appearances, and expedite non-financial support such as interest rebates, financial support for small business owners, tailored management consulting, and capacity-building training support Bank President Hwang Byeong-woo said, “The This interest refund will help us overcome difficult times before the Lunar New Year holidays.” “I hope this will give practical help to share the pain and co-exist with local small business owners and self-employed people,” he said “As a representative company that can help the local economy at any time, we will continue to work with everyone, including small business owners, SMEs, youth and the common people, even in the new year.” “We will practice compassionate finance,” he said.

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