Financial Services Commission To Sell Stake In Woori Bank
Mar 17 15
Financial Services Commission will sell a controlling stake in Woori Bank Co., Ltd. (KOSE:A000030), Yim Jong-yong, Chairman of Financial Services Commission said. Korea Deposit Insurance Corporation owns 51% stake in Woori Bank. Yim Jong-yong said, "I will put Woori Bank up for sale quickly. The government failed four times to sell its Woori stake. Now, it is time to listen to opinions from the public." Yim Jong-yong added that he will ask Woori to increase its value, so that the sales process will be easier.
Woori Finance Holdings Co., Ltd. Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2014
Mar 12 15
Woori Finance Holdings Co., Ltd. reported consolidated and separate earnings results for the year ended December 31, 2014. For the year, the separate company reported interest income of KRW 8,418,931 million against KRW 8,783,349 million a year ago. Operating income was KRW 870,894 million against KRW 344,923 million a year ago. Net income before income tax expense was KRW 842,979 million against KRW 438,550 million a year ago. Net income was KRW 646,298 million or KRW 842 basic and diluted earnings per share against net income of KRW 364,857 million or KRW 358 basic and diluted earnings per share a year ago. Net cash provided by operating activities was KRW 1,887,293 million against KRW 33,353 million a year ago. Acquisition of premises and equipment was KRW 92,445 million against KRW 71,778 million a year ago. Acquisition of intangible assets was KRW 130 million against KRW 3,233 million a year ago.
For the year, on consolidated basis, the company reported interest income of KRW 9,211,240 million against KRW 9,493,383 million a year ago. Net interest income was KRW 4,493,018 million against KRW 4,492,022 million a year ago. Operating income was KRW 897,708 million against KRW 239,567 million a year ago. Net income before income tax expense was KRW 834,395 million against KRW 287,667 million a year ago. Income of continuing operations was KRW 546,200 million or KRW 536 basic and diluted per share against KRW 252,571 million or KRW 165 basic and diluted per share a year ago. Net income attributable to owners was KRW 537,688 million against net loss attributable to owners of KRW 537,688 million a year ago. Net cash used in operating activities was KRW 281,244 million against KRW 2,997,949 million a year ago. Acquisition of premises and equipment was KRW 140,639 million against KRW 159,437 million a year ago. Acquisition of intangible assets was KRW 86,910 million against KRW 107,092 million a year ago.
Woori Bank Co., Ltd., Annual General Meeting, Mar 27, 2015
Mar 6 15
Woori Bank Co., Ltd., Annual General Meeting, Mar 27, 2015., at 09:00 Korea Standard Time. Location: Woori Bank Head Office Building. Agenda: To consider approval of financial statements for the fiscal year 2014; to consider appointment of directors; to consider appointment of audit committee members; and to consider approval of maximum limit on directors’ compensation.
Woori Bank Recommends Cash Dividend
Mar 6 15
On March 6, 2015, the Board of Directors of Woori Bank passed a resolution recommending a cash dividend of KRW 500 per common share. The record date is December 31, 2014. Dividend per common share KRW 500 (4.6% of market price of common stock). Total dividend amount is KRW 336,635,613,500. The decision to disburse the above dividend is subject to the results of the audit and the confirmation at the annual general meeting of shareholders, which is scheduled to be held on March 27, 2015. In accordance with the Korean Commercial Code, the dividend is expected be disbursed within one month from the date of approval at the annual general meeting of shareholders of the company.
Woori Bank Announces Resignation of Min Chang as Audit Committee Member and Outside Director
Mar 2 15
Woori Bank announced the resignation of Min Chang as its audit committee member and outside director on March 2, 2015.