January 10th, 2020, Markham - Wealth One Bank of Canada 2019 Annual Appreciation Luncheon was held at Markham branch, inviting more than 50 guests include important business partners, VIP clients, shareholders, board members and media to celebrate the fruitful 2019 and look ahead to the New Year.
Jack Zhu, President and Chief Executive Officer of Wealth One Bank, walked all guests through bank’s performance in 2019. Continuing the flexibility on mortgages solutions, Wealth One Bank launched several new mortgage programs during 2019, including High Net Worth Individual program, International Student program and New to Canada program; The Participating Life Insurance Loan & Line of Credit Program also rocketed into a leading place in the market. In 2019, Wealth One Bank had a breakthrough on business growth and profitability performance, reflecting on improved spread between deposits and mortgages, increased monthly net interest income, and steady volume growth on flagship products include Residential Mortgages, Commercial Mortgages and Participating Life Insurance Loan & Line of Credit. At the same time, Wealth One Bank offers very competitive rates on term deposit products to customers. “The bank is very confident to its development in 2020.” said by Jack Zhu, “We are definitely on the right track to a brighter future.”
Wealth One Bank appreciate the effort of all employees, support of partners and trust of all customers, which make the huge progress and achievement possible. As a Schedule I bank, Wealth One Bank of Canada will continue improving its product portfolio and helping customers achieve their financial goals.