South Korea · Financial institution
Nonghyup Bank (Nh Bank)
Legal name in the LEI record농협은행 주식회사
NongHyup Bank (농협은행 주식회사) is a Korean joint-stock company with its head office at 120 Tongil-ro, Jung-gu, Seoul. It is wholly owned by NongHyup Financial Group Inc., the financial holding company of the National Agricultural Cooperative Federation (NACF). The bank provides retail, corporate and SME banking, cards and foreign-exchange services through a domestic branch network and overseas branches. It was established on 2 March 2012, when the NACF's credit and banking business was split off into a separate company.
Licences and registrations
Held by the legal entity, not by this BIC
This BIC is mapped to LEI 988400GSDJCW3LKJBD20 (농협은행 주식회사) in the Swift and GLEIF BIC-to-LEI file. The legal entity’s page is Nonghyup Bank (NACFAU2S). None matched by LEI in the 22 tracked registers.
The Swift name for this BIC differs from the legal name in GLEIF.
Licences belong to the legal entity. Each applies in the country of the regulator that granted it, not to every BIC that carries the LEI.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- NACFKRSEXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under NACFKRSE directly.
- Swift GPI
- Live member
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1992-03-02
- Last updated
- 2026-09-04
Overview
Researched 29 Sep 2026 · Sources
Total assets
Not published
Employees
Not published
Ownership
Group subsidiary
100% NongHyup Financial Group Inc. (농협금융지주회사)
Institution type
Commercial bank
Trades as NH NongHyup Bank (NH농협은행)
- Ownership
- NongHyup Financial Group Inc. holds 100% of the bank and is itself owned by the National Agricultural Cooperative Federation.
- Direct parent
- NongHyup Financial Group Inc. (농협금융지주회사), South Korea 100%
- Ultimate owner
- National Agricultural Cooperative Federation (농업협동조합중앙회), South Korea
- Major shareholder
- NongHyup Financial Group Inc. 100%
- Head office
- 120 Tongil-ro, Jung-gu, 04517 Seoul, South Korea
Business lines
The bank combines commercial banking with a policy role in agricultural and rural finance, and runs branches abroad, including in New York, Hanoi, Beijing, Hong Kong, Sydney and London.
Online
- Websites & references
- nhbank.com ↗
banking.nonghyup.com ↗ retail internet banking site
ibz.nonghyup.com ↗ corporate internet banking site
Wikipedia ↗
Wikidata Q15283673 ↗ - Official social accounts
- Facebook ↗ · Instagram ↗ · YouTube ↗ · Naver Blog ↗
Sources · 13 pages consulted
- nhbank.com/
- nhbank.com/goEtcSubPage.do?srchGb=KO_NHMN_06&srchSiteGb=KO
- nhbank.com/goSubPage.do?srchGb=KO_NHCG_02&srchSiteGb=KO
- nhbank.com/goSubPage.do?srchGb=KO_NHIR_02
- nhbank.com/goSubPage.do?srchGb=KO_NHIR_10
- nhfngroup.com/user/indexSub.do?codyMenuSeq=884088734&siteId=nhfngroup
- hankyung.com/article/2026090796647
- m-economynews.com/news/article.html?no=70550
- m.news.nate.com/view/20260724n22980
- fntimes.com/html/view.php?ud=202501031729571066b4a7c6999c_18
- koreatimes.co.kr/business/banking-finance/20260923/bank-ceos-on-edge-over-year-end-reappointment-as-govern
- huffingtonpost.kr/article/260839
- en.wikipedia.org/wiki/Nonghyup_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Kang Tae-young (강태영) President and CEO (은행장, 대표이사)
- Chair
- Ham Yu-geun (함유근) Outside Director, Chair of the Board (사외이사, 의장)
- Executive
- Hong Gil (홍길) Standing Audit Committee Member (상근감사위원)
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- South Korea
- Financial Services Commission (including the Korea Financial Intelligence Unit) OtherAML supervisor
- South Korea
- Financial Supervisory Service Prudential supervisorConduct
- South Korea
- Bank of Korea Central bank
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
The Korea Financial Intelligence Unit fined the bank KRW 25.9 million for not verifying an agent's authority when opening three accounts in 2021.
hankyung.com ↗ -
Other
NongHyup Financial Group injected KRW 500 billion of new capital into the bank, funded by a capital increase from the NACF.
m.news.nate.com ↗ -
Enforcement
The Korea Financial Intelligence Unit fined the bank KRW 554.5 million for customer due diligence breaches on 56 accounts opened in 2020–2024.
m-economynews.com ↗ -
Leadership
Kang Tae-young took office as the bank's eighth President and CEO on 3 January 2025.
fntimes.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- NACFKRSEXXX
- How the BIC breaks down
- NACFBank
- KRCountry · South Korea
- SELocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registers
- Country · region
- South Korea · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2012
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- NONGHYUP BUILDING 120 TONGIL- RO, JUNG- GU SEOUL 04517 KOREA, REPUBLIC OF
- Operational address
- NONGHYUP BUILDING TONGIL- RO, JUNG- GU120 SEOUL 04517 SEOUL KOREA, REPUBLIC OF
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>NACFKRSEXXX</BICFI>
<LEI>988400GSDJCW3LKJBD20</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>NACFKRSEXXX</BICFI>
<LEI>988400GSDJCW3LKJBD20</LEI>
<Nm>NONGHYUP BANK (NH BANK)</Nm>
<PstlAdr>
<TwnNm>SEOUL</TwnNm>
<Ctry>KR</Ctry>
<AdrLine>NONGHYUP BUILDING 120 TONGIL- RO, JUNG- GU SEOUL 04517</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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