Sep. 20, 2019
Sony Bank Inc., a wholly owned subsidiary of Sony Financial Holdings Inc., will entrust intermediary operations on its mortgage loans to JAPAN POST BANK Co., Ltd., beginning October 1, 2019, starting at 41 branches operated directly by JAPAN POST BANK.
As a result of this alliance, customers will be able to apply for Sony Bank's mortgage loans at directly operated JAPAN POST BANK branches around Japan. Sony Bank will conduct preliminary and full screening for mortgage loans.
Sony Bank began entrusting banking agency business, mainly involving intermediary operations on mortgage loans, in 2008. JAPAN POST BANK will thus be the 13th company handling these operations (as of September 20, 2019). By responding to customers' needs for mortgage loans, the two banks aim to provide even more value.
Note: This is an English-language summary of a Japanese announcement made by Sony Bank on September 20, 2019. The summary was prepared by Sony Financial Holdings solely for convenience of non-Japanese readers.