BNK Financial Group explained

BNK Financial Group Inc.
Native Name:주식회사 BNK금융지주
Native Name Lang:ko
Former Name:BS Financial Group
Type:Public
Industry:Financial services
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Hq Location City:Busan
Hq Location Country:South Korea
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Subsid:Busan Bank

BNK Financial Group Inc. is a financial holding company based in the Busan-South Gyeongsang region. It is one of the three regional financial holding companies in South Korea, alongside DGB Financial and JB Financial.[1]

History

BNK Financial Group was established as BS Financial Group in 2011. Busan Bank, a regional lender, was integrated with its affiliates, including BS Securities, BS Capital and BS Credit Information under the new financial holding company.[2] In 2014, BS Financial Group acquired Kyongnam Bank from Woori Financial.[3] After acquiring Kyongnam Bank, BS Financial was renamed BNK Financial in 2015.[4]

See also

Notes and References

  1. News: . April 7, 2023 . Korea's private equity firms mull jointly buying regional financial group . .
  2. News: . March 14, 2011 . Busan Bank to set up holding firm this week . . Seoul .
  3. News: Kim . Sung-hee . April 14, 2016 . BNK establishes mobile banking service . .
  4. News: . March 27, 2015 . BS금융그룹 새 이름 'BNK'에 담긴 뜻은 . The meaning behind the new name of BS Financial Group, 'BNK' . ko . . Busan .