Friday, February 17, 2017

Woori Bank, a holding company transition scheduled next month pre-authorized application



[Korea Jeongseon financial newspaper reporters] to apply for a pre-authorization for a holding company authorized approved the Finance Committee as early as next month, our Bank successfully privatized last 16 years.

According to banking industry 17 days, our bank plans to coordinate the pre-applied application in the next month after the advisory board for the selection of the holding company transition.

Woori Bank official said, as early as next month, a holding company authorized pre-conversion application that goal. "

Our last three days, the bank has established a "Future Strategic stage" 1st ever carried out a private holding company dedicated to the reorganization and transition management in the planning group.

If our banks are authorized to apply for pre-financing the Commission if there is no problem getting through the 60-day review boninga application, and again after 30 days of final approval review.

Our banks have capital adequacy than the banks are expected to rise about 1 percent when converted into a holding company. Reduced financing costs for mergers and acquisitions are also expected.

Our starting with the 2001 Korea's first financial holding company, financial holding, was merged in the privatization process in our bank. Our bank has sold its affiliates, including brokerage firms, insurance companies and local banks for privatization. Today, it remains our cards, our merchant banking subsidiaries.

The re-elected to the private 1st Bank yigwanggu our CEO (pictured) last month, the Privatization new beginning "in the" 2017 Management Strategy Conference "urged the saying 'leap forward to a comprehensive financial group such as finance territorial and 1' to employees .

Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com