And Do Holdings Co., Ltd.
Partnered with Nishi-Nippon City Bank in reverse mortgage guarantee business – Strengthening the product capabilities of financial institutions against the backdrop of concerns about retirement funds – First partnership in Kyushu –
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Financial Do Co., Ltd. (Head office: Kyoto City, Kyoto Prefecture, Representative Director and President : Kazuaki Tomita, hereinafter referred to as Financial Do, has partnered with Nishi-Nippon City Bank, Ltd. (Head office: Fukuoka City, Fukuoka Prefecture, Director and President: Hideyuki Murakami, hereinafter referred to as the bank). In the future, we plan to begin evaluating real estate collateral and providing debt guarantees for the bank’s “NCB Reverse Mortgage “Toward a Brighter Tomorrow.” This partnership is the first reverse mortgage guarantee business partnership in Kyushu for our group.
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Currently, reverse mortgages are attracting attention as an option as seniors worry about their retirement funds. Among these, the reverse mortgage guarantee provided by our group has few restrictions on the use of funds, and can be used not only for home renovation funds but also for living expenses, making it available to a wider range of customers.
The bank is the core bank of Nishinippon Financial Holdings, and will celebrate its 20th anniversary in October 2024. In April 2023, the group will launch a new medium-term management plan, “Hissou 2026 – Connecting Hearts, Connecting Futures,” and will formulate the provision of customer-centered “One to One Solutions” as a basic strategy, and will implement priority measures. With the aim of “providing solutions to individual customers,” we are promoting “strengthening our ability to provide loans tailored to each customer’s life stage,” and through this partnership with Financial Do, we are expanding our service area and expanding the scope of reverse mortgages. We have decided to strengthen our product appeal. Financial Do, with which we partner as a guarantee company, leverages our group’s strengths in real estate buying and selling know-how and real estate sales network of 709 stores nationwide* to provide debt guarantees based on appropriate and prompt real estate collateral evaluations. We support reverse mortgages. *As of the end of August 2024
Going forward, our group will continue to grow our reverse mortgage guarantee business by forming alliances with many financial
institutions, expanding our products for seniors whose market needs are growing, and providing services that utilize real estate. We will continue to contribute to the revitalization of the Japanese economy.
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