DGB Financial Changes Affiliate Company Name to 'iM'

DGB Financial Group announced on the 28th that it will proceed with changing the names of its banking and non-banking affiliates in line with DGB Daegu Bank’s transition to a commercial bank and its transformation into a commercial financial group.

Daegu Bank resolved to amend its articles of incorporation regarding the name change at the extraordinary general meeting held on the 27th and will change its name to ‘iM Bank’ starting from the 5th of next month.

The non-banking affiliates also held extraordinary general meetings the day before and approved amendments to their articles of incorporation. Hi Investment & Securities will change to iM Securities, DGB Life to iM Life Insurance, DGB Capital to iM Capital, and Hi Asset Management to iM Asset Management. DGB UPay, DGB Data System, DGB Credit Information, and Hi Investment Partners will also adopt the iM brand.

However, Hi Investment & Securities will proceed with the amendment of its articles of incorporation following internal procedures for convening a general shareholders’ meeting. NewGStock will maintain its existing name to preserve its fintech company characteristics but plans to apply a new CI to integrate with the group brand.

Hwang Byung-woo, Chairman of DGB Financial Group, stated, “A new commercial bank is being born 32 years after the country’s first regional bank, and we are focusing on unified branding across all affiliates to spread our wings as a commercial financial group. We will make various efforts to efficiently operate the group-level brand strategy and maximize the promotional effect of the iM brand in the metropolitan area.”