BNK Financial Group

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 Group.[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

References

  1. Korea's private equity firms mull jointly buying regional financial group Maeil Business Newspaper, April 7, 2023^
  2. Busan Bank to set up holding firm this week Yonhap, March 14, 2011^
  3. Sung-hee Kim. BNK establishes mobile banking service Korea Joongang Daily, April 14, 2016^
  4. BS금융그룹 새 이름 'BNK'에 담긴 뜻은 Yonhap News Agency, March 27, 2015^