Welcome Savings Bank Donates 100 Million Won to COVID-19 Confirmed Patients and Others
[Asia Economy Reporter Kim Min-young] Welcome Savings Bank announced on the 2nd that it will donate 100 million won in donations for confirmed patients and others affected by the spread of the novel coronavirus infection (COVID-19) in the Daegu and Gyeongbuk regions.
The 100 million won donation will be divided and delivered in amounts of 50 million won each to local governments in Daegu and Gyeongbuk through the Hope Bridge National Disaster Relief Association. It will be primarily used for vulnerable groups in the Daegu and Gyeongbuk regions.
In addition, Welcome Savings Bank will provide up to 3 months of principal and interest deferment and interest reduction for customers affected by COVID-19. In particular, borrowers in the Daegu·Gyeongbuk regions will be separately notified of the support details via text messages and other means.
The support targets are business owners and workers (including direct lineal relatives) whose payment ability has declined due to income reduction caused by COVID-19. Principal deferment or maturity extension will be supported for up to 3 months. Confirmed COVID-19 patients will be supported with principal and interest deferment or interest reduction.
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Kim Dae-woong, CEO of Welcome Savings Bank, said, “We will actively support small business owners and customers affected by COVID-19 so that they can engage in their livelihoods with peace of mind,” and added, “We will do our best to ensure safe financial transactions and prevent any inconvenience for all customers who do business with Welcome Savings Bank.”
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