KB Financial said on the 2nd that it has activated an emergency system after the U.S. strike on Iran and will support corporations in Korea that are facing difficulties due to the current situation.
According to KB Financial Group on the day, Chair Yang Jong-hee and other heads of major affiliates are monitoring exchange rates, interest rates, and oil prices in real time.
In addition, KB Kookmin Bank preemptively activated the "KB disaster recovery financial support program."
The support targets are corporations that have entered disputed regions or have import-export records and their partner companies, and the bank will provide working capital and facility funds of up to 500 million won within the scale of the damage at a special preferential rate of up to 1.0 percentage point (p). For damaged corporations with loans maturing within three months, the maturity will be extended at the special preferential rate without additional principal repayment burdens.
A KB Financial Group official said, "Major affiliates such as KB Kookmin Bank, KB Securities, and KB Kookmin Card are also strengthening reviews related to market volatility and guiding customers."