Summary: Woori Bank - S&P Global Ratings’ Credit Research

Summary: Woori Bank

Summary: Woori Bank - S&P Global Ratings’ Credit Research
Summary: Woori Bank
Published Oct 18, 2010
1467 words — Published Oct 18, 2010
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Abstract:

The ratings on Woori Bank (Woori; A-/Stable/A-2) reflect its strong market position as Korea's second-largest bank and as a core operating subsidiary of Woori Finance Holdings Co. Ltd. (WFH; BBB+/Stable/A-2). The ratings are also supported by the bank's strong corporate banking business and good revenue contributions from nonbanking businesses at the group level. These strengths are offset by relatively large exposure to construction and real-estate/leasing businesses; relatively moderate capitalization against major domestic peers; and increased private-sector leverage amid potential interest rate increases in Korea. Woori Bank has a strong market position as the second-largest bank in Korea, supported by its extensive branch network across the nation. Woori's domestic market share of loans and deposits stood at about 14% in the

  
Brief Excerpt:

RESEARCH Summary: Woori Bank Publication date: 18-Oct-2010 Primary Credit Analyst: YuMee Oh, CPA, Tokyo (81) 3-4550-8413; yumee_oh@standardandpoors.com Secondary Contact: JaeMin Kwon, CFA, Hong Kong (852) 2533-3539; jaemin_kwon@standardandpoors.com...

  
Report Type:

Summary

Ticker
0003@KS
Issuer
Woori Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Korea
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Woori Bank" Oct 18, 2010. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Woori-Bank-826410>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Woori Bank Oct 18, 2010. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Woori-Bank-826410>
  
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