This report does not constitute a rating action. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks Very high likelihood of extraordinary government support, if needed Modest market presence Capital buffer to support business growth Weaker retail customer base than major domestic peers'Adequate risk control Relatively high exposure to real estate project financing when compared with major commercial banks'Suhyup Bank's very important policy role of supporting Korea's fishing and maritime industries warrants extraordinary government support, if needed. The bank provides financial aid to fisheries by issuing policy loans, and indirectly by providing financial support in the form of dividends and brand usage fees to its parent, National Federation
