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{{short description|South Korean agricultural bank}}
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{{Infobox Korean name
{{Infobox company
|hangul={{linktext|농협|은행}}
| name = Nonghyup Bank (NHBank)
⚫
|hanja={{linktext|農協|銀行|}}
| logo =
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|rr=Nonghyup Eunhaeng
| logo_size = 100px
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|mr=Nonghyŏp Ŭnhaeng
| logo_caption =
| image =
| image_caption =
| native_name = NH농협은행
| type = [[Privately held company|Private]]
| industry = Banking
| founded = {{Start date and age|2012|03|12|}}
| hq_location =
| hq_location_city = [[Seoul]]
| hq_location_country = [[South Korea]]
| area_served = [[South Korea]]
| key_people = Lee Seok-young <small>(CEO)</small>
| products =
| revenue = KRW 17.837 trillion (2022)
| operating_income = KRW 2.78 trillion (2022)
| net_income = KRW 1.8 trillion (2022)
| assets = KRW 2.38 trillion (2022)
| members = 16,186
| num_employees = 16,163 (2022)
| parent =
| subsid =
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| module = {{Infobox Korean name|child=yes
| title=Nonghyup Bank
|hangul=농협은행
⚫
|hanja=農協銀行
⚫
|rr=Nonghyeop Eunhaeng
⚫
|mr=Nonghyŏp Ŭnhaeng}}
| homepage = {{URL|https://www.nhbank.com/nhmn/EN_NHMN_01.do|www.nhbank.com}}
| footnotes =
}}
}}
'''Nonghyup Bank''' ([[Korean language|Korean]]:농협은행) is an [[Agriculture|Agricultural]] [[bank]] company headquartered in [[Jung-gu, Seoul|Jung-gu]], [[Seoul]], [[South Korea]]. The bank was established in 2012 as detached from [[Nonghyup|NACF]] This bank is owned by the [[Nonghyup|NACF]].
'''Nonghyup Bank''' or '''NH Bank''' ({{Korean|hangul=농협은행}}, [[SWIFT]]: NACFKRSE) is a specialized [[Agriculture|agricultural]] [[bank]] in Korea and is in charge of financial services, headquartered in [[Jung-gu, Seoul|Jung-gu]], [[Seoul]], [[South Korea]]. The bank was established by the split-off of the credit and banking business from National Agricultural Cooperative Federation (“NACF”) on March 2, 2012. It is now owned by the Nonghyup Financial Group. The predecessor of Nonghyup Bank started as Agricultural Bank established in 1907 as a financial association.

Unlike other major commercial Korean bank, Nonghyup bank is established with 100% domestic capital.<ref name="nba">{{cite web |title=NongHyup Bank Affiliates |url=https://eng.nhfngroup.com/user/indexSub.do?codyMenuSeq=887881809&siteId=eng |publisher=Nonghyup Bank}}</ref> Nonghyup bank has 1,106 branches in domestic area, and 12 branches outside Korea, including New York, Beijing, Hanoi. It has the largest number of branches in Korea.<ref name="stat">{{cite web |title=Korea Financial Statistics Information System |url=https://fisis.fss.or.kr/fss/fsiview/indexw.html |publisher=Korea Financial Supervisory Service}}</ref>

On 29 April 2021, Nonghyup Bank was granted a Hong Kong banking licence.<ref name="hkma2">{{cite web |date=29 April 2021 |title=Granting of banking licence to NongHyup Bank |url=https://www.info.gov.hk/gia/general/202104/29/P2021042900434.htm |publisher=Hong Kong Monetary Authority}}</ref>

== History ==

* 1907: Establishment of a financial association
* 1958: Agricultural Bank launched based on financial cooperatives
* 1961: Agricultural Bank and Nonghyup were merged, and the urban branch of Agricultural Bank was separated into Small and Medium Business Bank.
* 2000: Merger of the National Agricultural Cooperative Federation, National Livestock Cooperative Federation, and National Ginseng Federation of Korea
* 2012: Nonghyup National Association's credit business was separated into NH Nonghyup Financial Group and launched as a subsidiary.

==See also==
==See also==
{{Portal|Banks
}}

* [[Economy of South Korea]]
* [[Economy of South Korea]]
* [[List of Banks in South Korea]]
* [[List of Banks in South Korea]]
* [[National Agricultural Cooperative Federation]]

==References==
{{reflist}}


==External links==
==External links==
* [http://banking.nonghyup.com Nonghyup's Korean Homepage]
* [http://banking.nonghyup.com Nonghyup's Korean Homepage]
{{Banking in South Korea}}

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[[Category:Banks of South Korea]]
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[[Category:Companies based in Seoul]]
[[Category:South Korean brands]]
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[[Category:Government-owned banks of South Korea]]
[[Category:South Korean companies established in 2012]]
[[Category:Banks established in 2012]]




{{asia-bank-stub}}
{{asia-bank-stub}}
{{SouthKorea-company-stub}}
{{SouthKorea-company-stub}}

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[[Category:Banks of South Korea]]
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[[Category:2012 establishments in South Korea]]
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[[Category:Banks established in 2012]]

Latest revision as of 14:15, 2 November 2024

Nonghyup Bank (NHBank)
Native name
NH농협은행
Company typePrivate
IndustryBanking
FoundedMarch 12, 2012; 12 years ago (2012-03-12)
Headquarters
Seoul
,
South Korea
Area served
South Korea
Key people
Lee Seok-young (CEO)
RevenueKRW 17.837 trillion (2022)
KRW 2.78 trillion (2022)
KRW 1.8 trillion (2022)
Total assetsKRW 2.38 trillion (2022)
Members16,186
Number of employees
16,163 (2022)
Korean name
Hangul
농협은행
Hanja
農協銀行
Revised RomanizationNonghyeop Eunhaeng
McCune–ReischauerNonghyŏp Ŭnhaeng
Websitewww.nhbank.com

Nonghyup Bank or NH Bank (Korean: 농협은행, SWIFT: NACFKRSE) is a specialized agricultural bank in Korea and is in charge of financial services, headquartered in Jung-gu, Seoul, South Korea. The bank was established by the split-off of the credit and banking business from National Agricultural Cooperative Federation (“NACF”) on March 2, 2012. It is now owned by the Nonghyup Financial Group. The predecessor of Nonghyup Bank started as Agricultural Bank established in 1907 as a financial association.

Unlike other major commercial Korean bank, Nonghyup bank is established with 100% domestic capital.[1] Nonghyup bank has 1,106 branches in domestic area, and 12 branches outside Korea, including New York, Beijing, Hanoi. It has the largest number of branches in Korea.[2]

On 29 April 2021, Nonghyup Bank was granted a Hong Kong banking licence.[3]

History

[edit]
  • 1907: Establishment of a financial association
  • 1958: Agricultural Bank launched based on financial cooperatives
  • 1961: Agricultural Bank and Nonghyup were merged, and the urban branch of Agricultural Bank was separated into Small and Medium Business Bank.
  • 2000: Merger of the National Agricultural Cooperative Federation, National Livestock Cooperative Federation, and National Ginseng Federation of Korea
  • 2012: Nonghyup National Association's credit business was separated into NH Nonghyup Financial Group and launched as a subsidiary.

See also

[edit]

References

[edit]
  1. ^ "NongHyup Bank Affiliates". Nonghyup Bank.
  2. ^ "Korea Financial Statistics Information System". Korea Financial Supervisory Service.
  3. ^ "Granting of banking licence to NongHyup Bank". Hong Kong Monetary Authority. 29 April 2021.
[edit]


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