woori bank - spon adr (WF) Key Developments
Abu Dhabi Investment Council In Talks To Acquire Stake In Woori Bank
Aug 28 15
The Abu Dhabi Investment Council (ADIC) has expressed its interest in buying a stake in Woori Bank Co., Ltd. (KOSE:A000030), which has been put up for sale, a government official said August 28, 2015. "The ADIC has sent a letter of intent to show its interest to participate in the bidding," said an official of the Financial Services Commission. The FSC will send a group of officials to Abu Dhabi later this month to discuss the issue with the ADIC side, official said. A group of high-profile financial officials from Korea flied to the Middle East to check foreign demand. Financial Services Commission was led by Vice Chairman Jeong Chan-woo.
Woori Bank Recommends Cash Dividend
Jul 30 15
On July 29, 2015, the Board of Directors of Woori Bank passed a resolution recommending a cash dividend of KRW 250 per common share. The record date is June 30, 2015. Total dividend amount KRW 168,317,806,500. The total number of shares subject to the dividend payment is 673,271,226 shares. In accordance with the Korean Commercial Code, the dividend is expected to be disbursed within one month from the date of the Board of Directors' resolution date.
Woori Bank Reports Preliminary Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 29 15
Woori Bank reported preliminary consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of KRW 4,822,847 million compared to KRW 4,832,243 million, operating income of KRW 275,197 million compared to KRW 257,621 million, income before income tax expense of KRW 294,041 million compared to KRW 308,795 million, net income of KRW 228,868 million compared to KRW 773,443 million, and profit to the equity holders of the parent entity of KRW 226,077 million compared to KRW 873,181 million for the last year.
For the six months, the company reported revenue of KRW 9,374,931 million compared to KRW 9,145,115 million, operating income of KRW 572,493 million compared to KRW 684,330 million, income before income tax expense of KRW 687,574 million compared to KRW 649,456 million, net income of KRW 528,819 million compared to KRW 1,147,407 million, and profit to the equity holders of the parent entity of KRW 516,858 million compared to KRW 1,195,958 million for the last year.
Woori Bank Co., Ltd. to Report First Half, 2015 Results on Jul 29, 2015
Jul 25 15
Woori Bank Co., Ltd. announced that they will report first half, 2015 results on Jul 29, 2015
South Korea Government To Sell Stake In Woori Bank
Jul 21 15
South Korea is seeking to sell stakes in Woori Bank Co., Ltd. (KOSE:A000030). South Korea announced a fresh plan on July 21, 2015, to sell state-run Woori Bank Co., Ltd. (KOSE:A000030), a state committee said. The Public Fund Oversight Committee, a government-run body in charge of privatizing Woori Bank, said it will take a two-track approach to sell the stake held by the state-run Korea Deposit Insurance Corp. The Public Fund Oversight Committee, a government-run body in charge of privatizing Woori Bank, said it will take a two-track approach to sell the stake held by Korea Deposit Insurance Corporation. Up to 30%-40% stake will be sold to a single buyer or multiple investors, while the rest will be up to smaller investors. The government will also seek to divide the stake into smaller pieces and sell them to multiple investors to prevent a single shareholder from controlling the bank, it said.