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5th Annual Bancassurance Forum 2012


Briefly

January 19, 2012 Bank of America reports fourth quarter 2011 net income of $2 billion, compared with net loss of $1.2 billion in fourth quarter 2010.

January 18, 2012 Goldman Sachs reports net revenues of $28.81 billion and net earnings of $4.44 billion for the year ended December 31, 2011.

January 5, 2012 ZKB, the largest cantonal bank in Switzerland, told US customers it was closing their accounts.

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Directory of Banks and Finance companies

Country: Korea | Total: 7 | Sort: by alphabet

1

The Bank of Korea (BOK) is the central bank of South Korea. The primary purpose of the Bank is the pursuit of price stability. The Bank sets a price stability target in consultation with the Government and draws up and publishes an operational plan including it for monetary policy.

2

Hana Bank is a subsidiary Hana Financial Group Inc., the 4th largest commercial banking group in South Korea. Hana Bank is the third largest bank by asset value in South Korea. Bank has a full line of personal banking products and services from checking and savings to loans and online banking.

3

Kookmin Bank (KB) is the largest bank by both asset value and market capitalization in South Korea. Kookmin intended to takeover Korea Exchange Bank, a government-owned bank with offices in foreign countries, by the end of 2006, to facilitate foreign exchange and corporate banking (as in contrast Kookmin is more well known for its consumer banking services). The deal to buy Korea Exchange Bank was contingent on not finding any evidence of criminality when the Loan Star Equity Funds purchased Korea Exchange Bank in 2003. However as of December 2006, the takeover will not happen having been cancelled by Lone Star.

4

Korea Exchange Bank (KEB) is a specialized foreign exchange bank in South Korea. Korea Exchange Bank is the fifth largest bank in South Korea measured in assets and the largest foreign exchange bank in South Korea, providing the largest range of foreign exchange products.

5

Kwangju Bank Ltd. is a wholly-owned subsidiary of Woori Finance Holdings. Kwangju Bank is engaged in commercial banking activities in the area of Kwangju and the surrounding Cheonnam Province, as well as in the capital city of Seoul.

6

Shinhan Bank has stayed at the forefront of Korean Financial Industry, and as the Pride of Korean Financial Industry, we have acted as a pioneer for opening up new frontiers in banking. Based on Shinhan Bank’s solid strength, built up from past successes, we, the thirteen thousand Shinhan Family, would aim to create a new formula for success that would create Strong & Healthy Bank that could withstand any crisis.

7

Woori Bank is the second largest commercial bank in Korea. The bank changed its name in 2002, and includes the former Commercial Bank of Korea, Hanil Bank, and Peace Bank. The Bank is a part of the Woori Financial Group. In May 2009, Woori Bank became the first Korean bank to issue UnionPay debit cards in China.



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