J Trust Group Background
Established in 1977 and headquartered in Tokyo, the J Trust Group is a company with financial business at its core.
The company primarily focuses on real estate related credit guarantee business and receivables servicing in Japan, areas of business where the group demonstrates strength.
With aggressive growth strategies, now the group has 2,509 employees on a consolidated basis, 656.9 billion yen in total assets and 76.2 billion yen in operating revenue for fiscal year 2018.
Outside Japan, J Trust has operations in South Korea, Indonesia, Mongolia and Singapore where it promotes a range of financial services.
J Trust Group Operations in South Korea
In South Korea, the group leverages the capabilities gained in Japan in credit screening, debt servicing, and marketing and has achieved much success in the rehabilitation of savings banks.
Here the group’s JT Chinae Savings Bank and JT Savings Bank operate businesses that offer cutting-edge online and telephone banking. Today J Trust provides comprehensive financial services that encompass banking, receivables servicing, and leasing and installment loans in the country.
In October 2018, J Trust acquired shares of PT. OLYMPINDO MULTI FINANCE (now PT. JTRUST OLYMPINDO MULTI FINANCE (JTO)), an Indonesian financial company, based in Jakarta and incorporated in 1993 (founded in 1974), which possesses a rich network and a wide reputation as a well-established business with over forty years of history in the automobile loan industry.
After the purchase is completed, J Trust will be able to offer three-pronged comprehensive financial services through Bank JTrust Indonesia (BJI), JTRUST INVESTMENTS INDONESIA (JTII), and JTO.
Today, J Trust’s businesses in Indonesia offers comprehensive financial services ranging from loans to individuals and corporate customers, to foreign exchange services among the populace.
J Trust Group in Mongolia
In Mongolia J Trust operates a 100 per cent-owned subsidiary, Capital Continent Investment (CCI), a finance company based in Ulan Bator, Mongolia People’s Republic, which the group acquired in May 2018. The company main’s offerings are speedy loans – primarily automobile loans – with low interest rates.
CCI integrates J Trust Group’s financial expertise and is actively developing the business towards the goal of being the number one finance company in the Mongolian market.
The group is working towards continuous growth by developing and providing high-value-added products and services that meet the needs of respective markets, according to its 2018 annual report.
“In Japan, this includes guarantees for condominium loans for new buildings incorporating the Internet of Things in urban areas, while in South Korea we offer information technology-driven banking services, and in Indonesia we are launching unique banking services as a Japanese company,” said the bank’s report.
J Trust, listed on the Tokyo Stock Exchange, has total assets worth $5.8 billion as of 2018.
J Trust Entry Into Cambodian Market
In May 2018 J Trust Co. Ltd. announced its acquisition of 55 per cent stake in ANZ Royal Bank (Cambodia) Ltd, and underscored plans to focus on digital banking to promote its financial services in Cambodia.
“It is my aspiration to build on everything that has made this bank the most respected and trusted bank in Cambodia. As a team, we promise to continue putting you, the customer first.
“Our goal is to support you as you grow your business. J Trust is proud to say that we are making the single largest investment into technology by any bank in Cambodia, which will make the way you do business easier and faster,” said J Trust Managing Director Toru Myochin.
In a statement issued by J Trust during the acquisition last year, the financial institution said it would contribute to the overall development of the Cambodian economy, as well as to the local financial sector, by fully utilising its expertise to grow and expand ANZ Royal’s business activities in the Kingdom.
“J Trust Group aims to expand its business activities, mainly across Southeast Asia, as part of its overall growth strategy, and has been focusing on M&As (mergers and acquisitions) of banks and finance companies. The company is confident that its financial expertise in retail finance acquired in Japan, South Korea and Indonesia can greatly contribute to the further growth of ANZ Royal,” said the statement.
ANZ Royal is a commercial bank established in Cambodia in 2005, a joint venture between ANZF and Royal Group Finance Co., Ltd., which is a subsidiary of Royal Group of Companies Ltd.
Myochin further added that the bank will increase investments in human resources, enhance its distribution channels by including more branches in Cambodia. “We will simplify some of the process and procedures to make banking with us easier,” he said.