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The Fin 19, and Savings Liquidit suspend massive on Febr incapab An eme Busan w savings liquidity Particip KDIC P Federati Nonghy CEOs o
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Release
ry 21, 2011
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URTHERnancial Serv decided to s Bank; Bus ty condition ded banks (B e deposit wi ruary 17, so ble of paying ergency mee with relevan banks susp y for other s pants of the President, K ion of Savin yup Credit A of mutual sa
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it became e g back their eting chaire nt officials a pensions on savings ban meeting: FS KIBO CEO,
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evident that r customers
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FSS Senior rantee Feder CEO, Busan Deputy CEO
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local SMEs banks, T and KIBO
August, 201 llion per com
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nt will raise or liquidity a avings bank nt will help or savings b for savings b
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avings bank h liquidity th
C and KFSB nd the situat me Househo will strengthe
pensions of s to financia nt will doub RW 500 mi nt will encou dit Union to nt will also e
microcredit o-lending pe s and small s and small
will extend 1. For new mpany.
a ceiling on after provisi ks’ operation the Korea F banks by eas banks, the K
of savings b ugh KAMC
s in Busan w hrough the K B plan to ho tion.
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for microcre nks in Busa n the region al support fo RW 1 billion
branches of more Sunsh local branch or low-incom
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f NH, Natio hine loans.
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lower the in
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interest rate w-income
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The IBK their bu (2) The KRW 1 SMEs.
(3) Excl serve lo have be
For furt Lee, J. E Spokesp Foreign Financia Tel: +82 Fax: +8 E-mail:
l Services Co .go.kr
K will offer usiness oper
Korea Fina .4 trillion to
lusive desks ocal SMEs a een suspend
ther inquirie Ernst person, Fore n Press & Re al Services 2-2-2156-95
2-2-2156-9 happyhero@
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SMEs a loa ations and l ance Corpor o KRW 2.3
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es:
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9589
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an up to KR lower the in ration will r trillion so th
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raise its ceil hat local ba
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ending for l pand their le
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