Decision on Cash Loan
Subsidiary company Kyongnam Bank Co., Ltd. 's material business matters to report
1. Name of borrower BNK CAPITAL CO.,LTD Name in English BNK CAPITAL CO.,LTD
- Relationship to company Affiliated company
2. Details of cash loan Date of transaction 2022-08-01
Amount of loan (KRW) 350,000,000,000
Equity capital (KRW) 3,518,153,323,946
Ratio to equity capital (%) 9.95
Classified as a large-sized corporation? Yes
Interest rate (%) -
Loan period Start date 2022-08-01
End date 2023-07-31
3. Purpose of cash loan Working capital
4. Total balance of cash loan 350,000,000,000
5. Date of board resolution (decision date) 2022-07-27
- Attendance of outside directors Present (No.) 5
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) Present
6. Other matters to be factored into investment decisions
1. This cash loan relates to a loan with a limit for a specified period of time, and is an extension of the loan of existing limit for KRW 350 billion to BNK Capital.

2. The interest rate (%) of "2. Details of cash loan" above is a variable interest rate, which is the base rate (6-month financial notes) + 1.37%. The change cycle is 6 months, and the applied interest rate is about 4.47% based on the interest rate level as of July 27, 2022.

3. The equity capital of "2. Details of cash loan" is based on the consolidated financial statements as of the end of 2021 of Kyongnam Bank Co., Ltd.

4. The "4. Total balance of cash loan (KRW)" above is the amount of total loan including this case for the counterparty as of the date of resolution of the board of directors.

5.The above date of transaction, interest rate, and loan period may change depending on the circumstances of the Company.

※ Disclosure on material business matters of subsidiary company
- Name of subsidiary : Kyongnam Bank
- Share of total asset value : 28.56% (as of December 31, 2021)
※ Related disclosure -
【Condensed Financial statements of Borrower】(in KRW mn)
Type Total Assets Total Liability Total Shareholders' Equity Capital stock Sales Net Income
Current fiscal Year 8,444,534 7,463,475 981,059 280,500 985,764 133,189
Previous fiscal Year 6,763,415 6,000,398 763,017 218,000 786,981 71,854
Two fiscal years prior 5,425,262 4,708,983 716,279 218,000 667,922 78,862

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

BNK Financial Group Inc. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 00:49:01 UTC.