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New SCB Credit Rating System for Small Businesses to Roll Out at 16 Banks from Late August
AI 3-line summary
- The Financial Services Commission will gradually introduce the SCB credit rating system for small businesses across the banking sector starting late August.
- IBK Industrial Bank of Korea, Shinhan Bank, Kookmin Bank, Woori Bank, NH Nonghyup Bank, Hana Bank and Jeju Bank will start first, and a total of 16 banks will apply it to business loans worth 2.2 trillion won.
- The aim is to evaluate growth potential using non-financial information such as sales and commercial area, easing loan access for small businesses with limited financial histories.
Summary written by AI from the original article · 88 languages
Official translation → Read the full article (machine translation) → Original article (Korean): 소상공인 전용 신용평가체계 SCB, 8월말부터 16개 은행에 도입
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