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Woori Bank Aims for 2011 Profit of 1.8 Trillion Won, Yonhap Says

Dec. 27 (Bloomberg) -- Woori Bank, the lending unit of Woori Finance Holdings Co., is aiming for net profit of 1.8 trillion won ($1.6 billion) next year, compared with its 1.2 trillion won estimate for this year, on lower provisions, Yonhap News reported, citing Chief Executive Officer Lee Chong Hwi.

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To contact the reporter on this story: Seonjin Cha in Seoul at scha2@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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