Palladium assists in establishing the Republic of Korea's first Social Bank
Palladium have recently secured an opportunity with Asia Asset Management Co. Ltd (AAM) to manage relationships with European investors, Global Alliance for Banking on Values and Triodos Bank. Palladium will support AAM to secure funding of a new Social Bank in the Republic of Korea by negotiating and executing a formal document (Memorandum of Understanding, letter of intent or similar). Palladium will act as a bridge to ensure successful partnerships between the new Social Bank and the investors. The Republic of Korea’s establishment of a Social Bank reflects the country’s commitment towards sustainable development.
Social banks create financial return whilst simultaneously channelling funds to investees who will have a positive impact on the society. Through this initiative, Palladium is contributing to the growth of social banking in Asia and bringing organisations with the aligning visions together.