This objective of Nonghyup's Banking & Insurance arm is to secure the capital and profit required for Nonghyup to finance its inborn missions, and provide uniquely differentiated agricultural finance services. Nonghyup's banking & insurance operations provide not only the ordinary banking services of domestic commercial banks, but also such services as credit cards, insurance, mutual credit, foreign exchange and securities.

 The 100% Korean bank

Nowadays, controversial issues are arising that ordinary Korean commercial banks are leaking national wealth due to increased dividend payouts to overseas investors. Nonghyup remains a loyal "bank of the Republic of Korea" with no involvement of foreign capital in the capital structure.

Nonghyup has been working toward increasing the competitiveness of Korea's agricultural industry while developing the country's financial industry. Nonghyup will continue to play its role as a stable pillar of the financial industry, which supports and facilitates the national economy.

Nonghyup offers various kinds of loan programs for farmers, including agricultural and livestock operations loans, comprehensive agricultural loans and Nonghyup's "Agro-business Up" loans. Nonghyup also operates insurance programs for disaster relief to the agricultural industry, as well as livestock insurance programs.

Nonghyup also reinforces its core mission of being Korea's unique agriculture-specialized bank through expanding to investment businesses with the establishment of the federation's Agriculture-Focused Fund. We are also on our way to becoming the world's leading bank in agricultural finance through the development of advanced agricultural finance technology and the building of international networks.

Nonghyup received the highest credit rating in Korea from the S&P and Moody's and Fitch, being well recognized in the international finance market.

 Financial institution for public good

Nonghyup Bank is different from commercial banks. Commercial banks are entirely profit motivated for its stockholders. Nonghyup, however, finances its capital and revenue through its banking business, and then uses those funds to provide farm extension services and agricultural/livestock marketing business for its cooperative members. Nonghyup is a financial institution that works for the good of its membership, the interest of farmers and other individual customers, as well as the public good. Nonghyup-lead Corporate Social Responsibility (CSR) activities are examples of the federation's implicit interest in the public good. Nonghyup provides support to the socially disenfranchised through offering such financial products as the "I Love Farm" deposit; the "We Are Cousins" account; the "I Love My Community" deposit and the "I Love Farm Club" check card. These products are in part the reason why Nonghyup ranks as No. 1 among domestic banks in CSR activities in 2006.

 A comprehensive financial group

Nonghyup is engaged not only in commercial banking activities, such as deposit, loans, credit cards and foreign exchange services, but is also active in insurance, securities and credit guarantees for farmers. That's why Nonghyup is a comprehensive financial service provider.

To meet the diverse needs of our customers, Nonghyup works to be a comprehensive financial group, with parent company being NH Bank and its key subsidiaries including the areas of credit card, insurance, investment banking, real estate trust and retail banking. Nonghyup is also working on going out to overseas markets. To this end, Nonghyup is working on opening "blue ocean" markets through expanding overseas sales networks, opening its Kumkang Mountain bank branch, and opening ATMs in Joint Security Area on the border of North Korea. Nonghyup is also reinforcing financial risk management against the introduction of the Basel II system. At the same time, Nonghyup brought in new services like mobile banking, e-money, virtual accounts, IPTV banking and e-bank books. Nonghyup continues to strengthen the security of Korea's e-finance with the Hardware Security Module (HSM), which was introduced for the first time in the country.