NH NongHyup Bank

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, kr-cro].

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 Bank; KRX: 316140; Korea's #3 commercial bank by assets) + [[hana-bank]] (Hana Bank; KRX: 086790; Korea's #4 commercial bank by assets) + [[ibk]] (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 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

• 1 NongHyup — official
• 2 NH NongHyup Bank — Wikipedia
• kr-cro In-corpus: reports/countries/KR-korea.md

Source

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