[Sinyuncheol financial newspaper reporter Korea - Woori Bank (Bank yigwanggu) said on the 17th announced the availability of property insurance association doorstep car dealer loan from the Chinese subsidiary.
Our bank has been pursuing a joint marketing for the January doorstep property insurance and comprehensive business after signing the partnership, local Chinese customers target the advancement of financial services and △ market expansion aims warranty MOU, △ collaboration product sales enabled , which released the bar before, "car purchase financing purpose household loans" in China local market for this product.
Products for this release is the "car purchase loan applications company. China's lending target is a local car dealer (dealer), the maximum loan amount is 60 million yuan per case (won about 98 million). After car sales and loans are treated as repayment terms, the bonds are held securely by a certificate issued by the local insurance company is 100% collateralized property insurance doorstep.
Our bankers will target corporate customers as saying, "the instrument of this car dealer loan product launched" China Woori Bank achieved more than 20% of the retail loan customers share in the previous year total loans and one is going to increase the Ko Suik loans "also we will strengthen the localization business including further expansion of sales, "he said.
Master bedroom property insurance is to engage the non-life insurance, credit guarantee insurance and reinsurance business as a subsidiary of the master bedroom Insurance Group, master bedroom Insurance Group in China, 5th, 10th largest (asset basis) last year, a large insurance group with Oriental Life we have acquired a 4% stake in the bar to join the bank stakes.
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