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NH NongHyup Bank

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Key details

  • Parent: branches via Korean agricultural cooperative network

Overview

NH NongHyup Bank is Korean Agricultural Cooperative Federation NACF bank + NongHyup Financial Group Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks + one of Korea's largest commercial banks by branches via Korean agricultural cooperative network + ~25M+ Korean customers 1, Korea, Republic of report.

History

Aug 1961 — Korean Agricultural Cooperative Federation NACF founded distinctive Korean agricultural cooperative heritage.

Mar 2 2012 — NongHyup Financial Group reorganisation forms NH NongHyup Bank as standalone commercial bank distinctive Korean cooperative banking restructuring.

2010 — NH Smart Banking mobile banking app launch.

Ownership & operator

Operating entity: NH NongHyup Bank Nonghyup Eunhaeng (Korean Agricultural Cooperative Federation NACF bank).

Major shareholders: NongHyup Financial Group (Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks).

Regulators: FSS Korea + BoK.

Technical integration

NH Smart Banking mobile app (iOS + Android; ~25M+ Korean customers) + banking.nonghyup.com online + NH NongHyup Bank branch network across Korea + China + Vietnam + US + Australia + Myanmar + Hong Kong international branches + NH NongHyup Visa + Mastercard + JCB cards; KR IBAN + KR ZeroAPY.

Implementations & partners

NongHyup Financial Group parent: NongHyup Financial Group (NongHyup Financial Group; Korean agricultural cooperative parent; NH NongHyup Bank + NH Insurance + NH Investment & Securities + NH Capital parent).

Major Korean banking + payments competitors: Shinhan Bank (Shinhan Bank; Korean commercial bank; Korea's largest commercial bank by assets; ~30M+ Korean customers) + KB Kookmin Bank (KB Kookmin Bank; KRX: 105560; Korea's #2 commercial bank by assets) + Woori Bank (Woori WON Banking + Woori WON Wallet) (Woori Bank; KRX: 316140; Korea's #3 commercial bank by assets) + Hana Bank (KEB Hana / Hana Won-Q + Hana EZ) (Hana Bank; KRX: 086790; Korea's #4 commercial bank by assets) + IBK Industrial Bank of Korea (IBK Industrial Bank of Korea; KRX: 024110; Korean federal SME-focused commercial bank) + KakaoBank (Kakao Bank; KRX: 323410; Korea's largest digital bank; ~22M+ Korean customers) + Toss Bank (Toss Bank; Korean digital bank; Viva Republica Korean fintech unicorn parent) + K Bank Korea (K Bank; Korea's first digital bank; KT Corporation Korean telecom + consortium parent) + KakaoPay (KakaoPay; KRX: 377300; Korean mobile wallet; ~37M+ Korean users) + Toss (Toss; Korean super-app mobile wallet; Viva Republica) + Naver Pay (Naver Pay; Korean mobile wallet) + Samsung Pay (Samsung Wallet) (Samsung Pay; Korean mobile wallet; Samsung Electronics).

Regulators: FSS Korea + BoK.

Status

Active, Korean Agricultural Cooperative Federation NACF bank + NongHyup Financial Group Korean agricultural cooperative parent + 1,118 Korean agricultural cooperative member banks + one of Korea's largest commercial banks by branches via Korean agricultural cooperative network + ~25M+ Korean customers 1, 2.

Sources

Source

Biography extracted from nh-nonghyup-bank.md. See matrix.md for standards-support matrix if present.

source · content/wallets/nh-nonghyup-bank/index.md