NH Nonghyup and Hana Bank will be the preferred bidders for 38 trillion won in Gyeonggi-do Treasury.

The Gyeonggi provincial government said it has selected NH Nonghyup Bank for the first safe and Hana Bank for the second safe as preferred bidders as financial institutions to operate the next safe.

The first treasury will manage 34 trillion won in Gyeonggi Province's budget, including 19 safes, including general accounts and regional development funds, and the second treasury will manage 4 trillion won in eight funds, including special accounts and disaster management funds.If it is finally designated as

safe, it will be in charge of the safe for four years from April 1st next year to March 31st, 2029.

The Gyeonggi-do Provincial Treasury Designation Review Committee selected preferred negotiators based on the evaluation of financial institutions' creditworthiness, deposit interest rates, convenience of using provincial residents, ability to manage treasury business, community contributions and cooperation projects.

In the case of the first safe, NH Nonghyup Bank has been operating since 1999, and the second safe has been managed alternately by several banks, but KB Kookmin Bank is currently in charge of it.