North Gyeongsang Province has selected NH NongHyup Bank as its primary fiscal depository and iM Bank as its secondary depository to manage provincial funds for four years starting in 2027, following a review by the province's depository designation committee.
According to the committee, the province received proposals from three financial institutions — NH NongHyup Bank, iM Bank and KB Kookmin Bank — on Aug. 12 and 13, and evaluated them across 14 subcriteria in five categories.
The assessment covered the institutions' credit ratings and balance-sheet stability, lending and deposit interest rates, accessibility for local residents, depository management capabilities, and contributions to the local community and cooperative projects.
NH NongHyup Bank topped the rankings with 839.6 points, followed by iM Bank with 817.8 points and KB Kookmin Bank with 814.9 points.
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