NongHyup Bank



March 2, 2012
Lee, Dae Houn
Largest shareholder
NongHyup Financial Group (100%)
120, Tongil-ro, Jung-gu, Seoul 04517 Korea


Lee, Dae Houn

An extension of the National Agricultural Cooperative Federation’s financial operations, NongHyup Bank was established in March 2, 2012 with purely domestic, private capital.

Since its foundation in 1961 as a comprehensive agricultural cooperative, it has been recognized as the safest bank in Korea and
as the most advanced cooperative financial institution around the world thanks to its half-century proven track record in financial
operations. By fully assuming its role as the profit center of the cooperative while at the same time securing global competitiveness,
Nonghyup Bank will continue to serve our financial industry as the country’s best bank.

With our unwavering focus on customer satisfaction and happiness, we pledge to bring even greater satisfaction and services to
our 20 million customers.

Key Milestones

1961. 08
The National Agricultural Cooperative Federation established through the merger of Agricultural Bank and Agricultural Cooperative
1969. 07
Entered the foreign exchange business
1972. 03
Began to offer credit guarantees to those engaged in agriculture, forestry and fishing
1984. 06
Entered the credit card business
1990. 02
Entered the money trust business
1990. 02
Deployed Korea’s largest online IT network
2000. 07
The NACF launched by merging the National Ginseng Cooperative Federation and the National Livestock Cooperatives Federation
2009. 11
Launched a private label credit card called the NH Cheum Card
2010. 04
Commenced NH Smart Banking
2010. 10
Opened a branch office in New York
2012. 03
NongHyup Bank launched
2012. 09
Entered in Sejong Central Government Complex
2012. 12
Commended by president for financial support for small and medium enterprises
2013. 03
Hanoi office opened
2013. 05
First domestic bank developed the Credit VaR measuring system
2013. 08
New York branch opened
2013. 09
Selected as a United Lottery Business Trust Bank
2013. 09
Beijing office opened
2013. 10
"Asian Banker" selected NongHyup Bank as the Best Credit Risk Management Bank
2013. 12
Selected as main bank of secretariat of the GCF
2014. 10
Reached the 150 trillion won mark in loans and withholdings
2015. 01
Opening of the Nonghyup Financial PLUS Center at the Gwanghwamun Branch (Korea's first branch-in-branch office of bank and securities firms)
2015. 04
2015 Nonghyup Bank's NH Smart Banking service wins first prize in the financial category at the Mobile Awards Korea 2015 by Digital Chosunilbo Daily
2015. 06
NH Smart Banking service wins the grand prize in the banking category at the 2015 Consumers' Choice Awards by Digital Chosunilbo Daily
2015. 10
Winner of the STP (Straight Through Processing) Excellence Award by Standard Chartered for the second consecutive year
2015. 12
Opening of the NH Smart Financial Center and launch of the FinTech Open Platform service (first in Korea)