Saturday, 20 April 2024

Best SME Bank in South Korea is Industrial Bank of Korea

5 min read

The winning bank has distinguished itself by providing complete support for more than two million SMEs in South Korea. Established in 1961 as a policy bank, it has an 80% SME loan book of $172 billion especially focused on manufacturing SMEs.

The bank's nationwide network of 625 branches, 60 overseas networks and its team of industry-specialised relationship managers demonstrates its strong commitment to SME growth. It has been a pioneer in digital banking for SMEs, offering mobile banking solutions, small loans, and expedited loan approvals.  

With its innovative approach and 23% market share in South Korea, the Best SME Bank is Industrial Bank of Korea.

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