JB Financial Group Donates 200 Million KRW to Support Areas Affected by Heavy Rainfall

Participation of Group Affiliates
Jeonbuk Bank and Gwangju Bank Each Provide 100 Billion KRW in Financial Support

On July 25, JB Financial Group announced that it will donate 200 million KRW in relief funds to the National Disaster Relief Association to support the recovery of areas affected by heavy rainfall and to assist disaster victims.

JB Financial Group, together with its affiliates Jeonbuk Bank, Gwangju Bank, and JB Woori Capital, has decided to donate a total of 200 million KRW. The funds delivered to the National Disaster Relief Association will be used for the restoration of homes in flood-affected areas, living expenses for flood victims, and the provision of relief supplies.

Jeonbuk Bank and Gwangju Bank will each provide financial support totaling 100 billion KRW. Jeonbuk Bank will offer up to 20 million KRW to individual customers and up to 50 million KRW to small business owners affected by the heavy rainfall. Gwangju Bank will provide up to 300 million KRW for affected companies and up to 20 million KRW for individuals. Both banks will offer up to a 1.0 percentage point interest rate reduction. If a flood-affected customer holds a loan that is maturing, both banks will allow for an extension of the loan and a deferment of installment payments, along with a 1.0 percentage point interest rate reduction, without requiring separate principal repayment.

A JB Financial Group representative stated, "We hope that those suffering from the sudden heavy rainfall will be able to return to their daily lives as soon as possible," adding, "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.