Pepper Savings Bank – ‘2019 Korea Consumer Appraisal Brand Award’

Pepper Savings Bank (‘PSB’) was awarded the ‘Best Savings Bank Brand’ at the ‘2019 Korea Consumer Appraisal Brand’ ceremony which was held on January 29.

Hosted by DongA Ilbo, one of the top-tier general dailies in Korea, and sponsored by the Ministry of Trade, Industry and Energy (MOTIE) and the Korea Consumer Appraisal Committee, the ‘Korea Consumer Appraisal Brand’ allows consumers to select brands which have enhanced the right to know and the right of choice for consumers as well as their own corporate values.

To this end, Hankook Research conducted a survey targeting brand experts and 1,000 consumers, based on brand awareness/preference/product quality/experience/satisfaction, and PSB was selected as the ‘Best Savings Bank Brand’.

Established in October 2013, PSB has continued to grow as one of the top ten savings bank entities in Korea with more than 300 employees and the asset size of AUD 3 billion in five years. Moreover, the number of PSB’s customer has increased to 150,000, recording 900% growth from 15,000 when it was first established.

As a sole Australian savings bank in Korea centering on middle-rate unsecured loan, PSB’s loan portfolio ranges from mortgage, SOHO (Small Office Home Office), SME (Small & Medium sized Enterprise) and auto. On top of that, PSB offers various deposit products such as ‘Pepper-Roo Savings Deposit’ which offers 2% interest rate with no conditions if registered via PSB’s mobile app and ‘Revolving Term Deposit’ whose maturity revolves automatically every year.

Pepper Group, PSB’s mother company, is a global financial institution with the asset size of AUD 57 Billion as of December 2017 which provides diverse financial services in Australia, Korea, UK, Ireland, Spain and China/Hong Kong.