JB Financial Group announced on the 27th that it held its regular shareholders' meeting at its headquarters in Jeonju and confirmed the third consecutive term of Chairman Kim Ki-hong.
Chairman Kim noted in his inaugural speech, "I will continue to uphold the vision of JB Financial as a small yet young and strong 'strong small financial group,'" and said, "While further enhancing the competitive revenue base we have built so far, I will also focus our capabilities on discovering new core businesses."
Chairman Kim stated that he would actively attempt strategic partnerships with domestic and international fintech and platform corporations to discover new core businesses. He also noted that he would continuously seek businesses that can complement and coexist, like co-lending products with internet-only banks. JB Financial's affiliate Gwangju Bank has launched a co-lending product with Toss Bank, and Jeonbuk Bank plans to release a co-lending product with KakaoBank this year.
There are plans to strengthen financial services for foreigners residing in the country. Jeonbuk Bank launched a contactless loan product for foreigners in October last year, the only one in the domestic banking sector. Gwangju Bank recently opened the region's first foreigner-dedicated sales center in Gwangju and Jeonnam.
Chairman Kim remarked, "Although the economic conditions at home and abroad are uncertain, I will continue to pursue stable growth and revenue-focused management based on thorough risk management," and added, "I will concentrate all capabilities for the success of the Season 2 strategy for JB Financial's resurgence."