The new team was created to respond quickly to funding needs at innovative firms in semiconductors, secondary batteries, biotech and artificial intelligence, the bank said. It is staffed by 40 specialists, including credit reviewers, certified public accountants and analysts, to speed and streamline lending decisions.
The bank said it has introduced a system to complete reviews within three business days and will reflect consulting results from expert technology evaluators in its screening. The goal is to provide faster funding to companies with strong technology even if their financial statements are limited.
IBK also said it will run a “head office re-review process” to re-examine loans that were rejected or delayed at review centers, aiming to ensure technology companies are not left out.
“By launching this dedicated review team, we will support the expansion of productive finance and help technology-capable small and midsize firms build a foundation to grow through rapid funding,” an IBK official said.
* This article has been translated by AI.
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