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Business Operation ( Buisness Part )
● New car lease product launch ( Hyundai, KIA, Mitsubishi, DAEHAN/KOLAO )
● Non-face-to-face and face-to-face sales ( ATC, ODX ) Application of business methods
● Borrowing $40M in Operating Funds from Daegu Bank -
Business Operation ( Buisness Part )
● KOLAO Used Car Lease Launch
● Unified face-to-face sales to manage risk and strengthen sales competitiveness
● Established a new Business Strongpoint Open: T2, XMK, KPA (GMS), CVD, LPB, SVK, CPS
● Application of USD-linked operation according to the enactment of the Foreign Exchange Control Act -
Business Operation
● System upgrade progress including AML/CFT
● Introduced of CSC and CSC standards for risk management
● Additional borrowing of $20 million from Korea Development Bank ( Singapore branch ) -
Business Operation
● Established a sales planning team for new business and business expansion
● Launch of Construction Machinery Products and New business partnerships other than KOLAO ( LAO THANI )
● Touring sales offices nationwide to improve sale performance -
Business Operation
● Extension of business agreement with KOLAO ( add automatic extension clause )
● New business partnership with Construction Machinery Company ( Hongxing, K-Auto, M-Flac, PTS, UMG, HECC )
● Established a non-captive team for sales in the construction machinery market -
Business Operation
● Interest rate hike and conservative business operation following the decline in LAK value
● Borrowing 60 billion KIP ( about $4 million ) in local currency from Thai-Kashikon Bank
● Introduction of the delinquency management call center system ( CMS/December )
● Comprehensive revision and application of lease contracts according to the revision of lease regulations ( January 2023 )
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Business Operation
● Conservative sales centered on KOLAO and construction machinery
● Strengthening M/S management by the base in preparation for entry into the new leasing company market
● Review MFI to diversify a business portfolio and create customer synergy
● Laos is country with a small population and low national income relative to its area, therefore, public transportation is inconvenient, and development is not properly developed. There must be a personal vehicle to move or move from one place to another.
● Therefore, to meet the high demand and opportunities in the financial market related to vehicle purchases. DGB Financial Group under DGB Capital and KOLAO Group exclusively sells Hyundai/Kia cars in Laos, create DGB Lao Leasing Co., Ltd ( DLLC ) in 2016.
● DLLC is a company that can handle leases for leased products and ranks 4th among 28 companies registered with the bank of Laos in terms of assets. By December 2022, it had provided lease financing to approximately 11,200 customers looking to purchase a car.
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CSR Part
● DGB Global Volunteer ( July 2017 ) Laos visiting Volunteer Activities Initiated
● 50 DGB Financial Group executives and college students participate
● Support for school classroom, phrases, etc. for computer an English classes ( $11,000 ) -
CSR Part
● 2nd Global Volunteer visiting LAOS
● Donated the library and the playground of love to Phonsinuan Elementary School
● Donated $45,000 to the Ministry of Education and Sports ( Support for Attapue Dam Collapse accidents and participation in the Asian Games ) -
CSR Part
● 2nd Global Volunteer visiting Laos ( July )
● Visiting volunteer activities in association with NGO groups including the president of Phonsinuan Elementary School
● Establishment and donation of DGB Baseball Stadium ( $300,000 ) -
CSR Part
● Global Volunteers' visit to Laos postponed due to COVID-19
● Volunteer work at Phonsinuan Elementary School linked to the landlord/embassy ( "Back to School CSR Program" )
● Maintenance work on the school entrance, provision of school supplies, and eating lunch boxes with students -
CSR
● Established a sales planning team for new business and business expansion
● Launch of Construction Machinery Products and New business partnerships other than KOLAO ( LAO THANI )
● Touring sales office nationwide to improve sales performance -
CSR Part
● Donated 600 T-shirts to Phonsinuan Elementary School, etc
● Continuing donation activities of selected talented college student in Laos
● Year-end all 1,000 KIP Bazaar Event ( Phonsinuna Elementary School ) -
CSR Part
● The chairman and the global volunteer group resume volunteer work in Laos
● Visiting Kengpayang Elementary School to improve academic environment facilities and donate events
● DGB Cup Indochina League progress ( February ) 4 Countries ( Laos, Thailand, Cambodia and Vietnam ) to participate in the national team