Dec 15, 2016
J Trust Co., Ltd.
Published on: http://www.ajunews.com/view/20161214181640312 December 15, 2016
JT Chinae Savings Bank received “the Chairman of the Central Council for Savings Banks Award” in AJU BUSINESS DAILY FINANCE-STOCK AWARDS 2016JT Chinae Savings Bank received the Management Innovation Sector Award in AJU BUSINESS DAILY FINANCE-STOCK AWARDS 2016 for its medium-interest “Wonderful Wow Loan” released in December 2015. The financial product reduced the burden of borrowers on interest payments, leading to better customer trust accordingly. The positive response is endorsed by the fact that the total loan balance marked about 100.0 billion won as of the end of November 2016.
Meanwhile, JT Chinae Savings Bank actively promotes Wonderful Light Loan for customers paying high interest expenses. The product enables them to lower their payment burden arising from high-interest loans exceeding 25% (p.a.) and loans with interest rates ranging from 15% to 25%. The total loan balance reached about 105.0 billion won as of the end of November 2016 with 6,400 accounts.
The bank started an exclusive membership program early this year, aiming to earn further trust of customers by providing a variety of financial services. About 18,000 customers registered in a short period of 60 days. The membership reached about 31,000 as of the end of November 2016. The program requires JT Chinae Savings Bank to pay compensation up to 1 million won in cases where a member incurs damages due to financial frauds such as phishing and hacking. Other member benefits include receiving interest rate discount coupons and being exempt from various commissions. Furthermore, JT Chinae Savings Bank has a manual to deal with illegal approaches in financial frauds and continues to provide training for fraud prevention. This successfully blocked a loss of about 5.3 million won from occurring in February 2016.