JB Financial Group Donates 300 Million KRW to Support Areas Affected by Heavy Rainfall

JB Financial Group donated 300 million KRW to the National Disaster Relief Association to support the recovery of flood-affected areas and assist disaster victims caused by the heavy rain.

On the 20th, JB Financial Group announced that its affiliates, including Gwangju Bank, Jeonbuk Bank, and JB Woori Capital, joined forces to make this donation in response to the severe nationwide flooding caused by recent record-breaking heavy rains.

The donation will be used for housing restoration in the flood-affected areas, living expenses for flood victims, and support for relief supplies.

Gwangju Bank and Jeonbuk Bank will also provide financial support worth approximately 100 billion KRW each.

Gwangju Bank will offer up to 30 million KRW to affected businesses and up to 20 million KRW to individuals, while Jeonbuk Bank will support individuals and small business customers affected by the heavy rain with up to 100 million KRW.

A maximum interest rate reduction benefit of 1.0 percentage point will also be provided.

If customers affected by the flood have loans maturing, they can extend their loans and defer installment payments without principal repayment, along with a 1.0 percentage point interest rate reduction.

Additionally, 1,000 emergency relief kits will be provided for disaster victims in the flood-affected areas, and a volunteer corps will be organized to carry out large-scale volunteer activities for recovery efforts.

A representative of JB Financial Group said, "We hope those suffering from the sudden heavy rains can return to their daily lives as soon as possible. JB Financial Group will continue to do its best to help neighbors in need as a member of the local community."

This content was produced with the assistance of AI translation services.