Woori Bank - S&P Global Ratings’ Credit Research

Woori Bank

Woori Bank - S&P Global Ratings’ Credit Research
Woori Bank
Published Oct 18, 2010
Published Oct 18, 2010
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Strong market position as Korea's second-largest bank Strong corporate banking business Good revenue contributions from nonbanking businesses at the group level Relatively large exposure to construction and real-estate/leasing businesses Relatively moderate capitalization compared to major domestic peers Increased private-sector leverage 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

  
Report Type:

Full Report

Ticker
0003@KS
Issuer
Woori Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Korea
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Woori Bank" Oct 18, 2010. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-826408>
  
APA:
S&P Global Ratings’ Credit Research. (). Woori Bank Oct 18, 2010. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-826408>
  
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