Woori Bank Co., Ltd. engages in a range of businesses, including corporate banking, consumer banking, credit card operations, investment banking, capital markets activities and other businesses. The company provides a range of products and services to its customers, which mainly comprise small- and medium-sized enterprises and individuals, as well as some of Korea’s major corporations. Strategy The key elements of the company’s strategy are to further improve its asset quality and strengthen its risk management practices; expand presence in the global market; and develop and increase productivity of its professional workforce. Corporate Banking The company provides commercial banking services to large corporate customers (including government-owned enterprises) and small- and medium-sized enterprises in Korea. Its corporate banking operations consist mainly of lending to and taking deposits from its corporate customers. The company also provides ancillary services on a fee basis, such as inter-account transfers, transfers of funds from branches and agencies of a company to its headquarters and transfers of funds from a company’s customer accounts to the company’s main account. Corporate loans the company provides consist principally of working capital loans, which are loans used for general working capital purposes, typically with a maturity of one year or less, including notes discounted and trade finance; and facilities loans, which are loans to finance the purchase of materials, equipment and facilities, typically with a maturity of three years or more. On the deposit-taking side, the company offers its corporate customers various types of corporate deposit products. These products could be divided into two general categories: demand deposits that have no restrictions on deposits or withdrawals, but which offer a low interest rate; and time deposits from which withdrawals are restricted for a period of time, but offer higher interest rates. The company also offers installment deposits, certificates of deposit and repurchases instruments. The company offers varying interest rates on its deposit products depending upon the rate of return on its income-earning assets, average funding costs and interest rates offered by other nationwide commercial banks. Small- and Medium-Sized Enterprise Banking The company services its small- and medium-sized enterprise customers primarily through its network of branches and small- and medium-sized enterprise relationship managers. As of December 31, 2015, the company had stationed one or more relationship managers at 785 branches, of which 373 were located in the Seoul metropolitan area. The relationship managers specialize in servicing the banking needs of small- and medium-sized enterprise customers and concentrate their marketing efforts on developing new customers in this segment. As of December 31, 2015, the company had a total of 937 small- and medium-sized enterprise relationship managers stationed at its branches (as well as 687 non-stationed employees who serve as relationship managers as needed). In addition, the company operates customer loyalty programs for its most profitable small- and medium-sized enterprise customers and provides them with benefits and services, such as preferential rates, free seminars and workshops and complementary invitations to cultural events. Lending Activities: The company provides both working capital loans and facilities loans to its small- and medium-sized enterprise customers. As of December 31, 2015, the company had approximately 214,819 small- and medium-sized enterprise borrowers. Large Corporate Banking The company’s large corporate customers consist of companies that are not small- and medium-size enterprises as defined in the Small and Medium Industry Basic Act of Korea and related regulations, and typically include companies that have assets of ?12 billion or more and are therefore subject to external audit under the External Audit Act of Korea. The company services its large corporate customers primarily through its network of dedicated corporate banking centers and general managers. The company ope
woori bank - spon adr (WF:New York)
Phone: 82 2 2002 3000
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