Monday, March 20, 2017

North Shiheung cooperatives, mutual loans exceeded 500 billion



[South Korea Lee, Dong - Kyu financial newspaper News] North Shiheung cooperatives (union president ryuseonghyeong) is a non clinch the year 9.76% (45.285 billion won), and significant growth in the business sector credit loan balances 509.28 billion won from. Deposit balances were 583.4 billion last year, compared to 34 million won 3.21 percent (18.129 billion won) growth. In economic projects it showed the mart business is 3.735 billion won last year's earnings increased 10 million won. Buying business has posted organic fertilizers, environmentally friendly pesticides, including 126 million won YoY increase business performance of 3.10604 billion won to increased use.

Last year, net income rose to 2.636 billion won in 2015 than the premium. In addition to the delinquency ratio to achieve a clean bank also 0.69%.

North Shiheung NACF supported the 1.2 billion including 92 million won, 23 million won support projects such as training billion in 6540 to buy agricultural materials needed for the production of specialty agriculture, excellent last year.



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