To protect the safety of rental deposits, Yiyin Bank once again joins hands with Taiwan Jinlian to launch "Full Deposit Trust"

First Bank and Taiwan Financial Union signed a "Deposit Trust Agreement", which was signed on behalf of First Bank Chairman Qiu Yueqin (right) and Taiwan Financial Union Chairman Gong Wenping.

First Bank and Lixing Asset Management, a subsidiary of Taiwan Jinlian, signed a "Deposit Trust Agreement" on November 9, which introduces the bank trust mechanism into chartered escrow services, strengthens the management and protection of lease deposits, and improves the quality of leasing services. It is also an important milestone in promoting the sound development of the chartered escrow industry.

Following the signing of a letter of intent for cooperation in the first half of the year, First Bank and Lixing Asset continued to deepen their cooperation, advancing from intention planning to specific business. By combining First Bank Trust's expertise and Lixing Asset's leasing and escrow services, all tenant deposits will be handed over to First Bank Trust's special account management, and will be returned according to the agreement when the lease is terminated. This not only strengthens security, but also enhances the independence and transparency of fund management, further enhancing the rights and interests of both parties to the lease.

First Bank stated that it will extend trust services to people's lives, from protecting rental rights and activating residential resources to the real estate revitalization and nursing needs of the elderly, developing more diversified trust services, allowing trusts to truly enter into life, implementing the social responsibilities of the financial industry, ensuring the safety of people's property, and creating a trustworthy first financial brand.