(VNe) – Woori Bank Vietnam increased its charter capital from VND 7,700 billion to VND 12,500 billion, becoming the largest bank with 100% foreign charter capital in Vietnam.
With this support from the parent bank and Woori Finance Group, Woori Bank Vietnam will focus on enhancing competitiveness, investing in developing the digital banking segment, providing superior financial solutions to customers with many diverse and flexible products, effectively meeting the needs of both individual and corporate customers.
Mr. Park Jong Il – General Director of Woori Bank Vietnam. Photo: Woori Bank Vietnam
This will be a springboard for Woori Bank Vietnam to continue promoting the strategy of expanding business networks throughout the territory of Vietnam, especially the capital Hanoi, helping to spread the brand to more Vietnamese people. The bank expects to open a Lotte Mall branch and Lotte Center transaction office at the end of May.
In addition, this capital increase is a milestone marking the bank’s scale expansion after 27 years of presence in Vietnam. This demonstrates the determination to make long-term investments in Vietnam in general and contribute to Vietnam’s economic growth in particular.
Woori Bank opened Starlake branch – flagship branch in Hanoi. Photo: Woori Bank Vietnam
Woori Bank entered Vietnam in 1997 with the establishment of a branch in Hanoi. By early 2017, they established a legal entity called Woori Bank Vietnam Limited (Woori Bank Vietnam), headquartered in Hanoi. After establishing a legal entity, the bank quickly expanded its business network with 24 branches and transaction offices across the country to date, including presence in 5 municipalities and other big cities.
In Vietnam, this bank provide diverse financial services to individual and business customers with personal loan products such as mortgage loans (car loans, home loans) with competitive interest rates. competition, savings deposits with good interest rates, credit card products, and at the same time support loans for long-term infrastructure investment and import-export financing for business customers.
Transaction office of Woori Bank Vietnam. Photo: Woori Bank Vietnam
Woori Bank belongs to Woori Finance Group, headquartered in Seoul, Korea. As one of the banks with the longest history in Korea, Woori Bank was established in 1899 with state capital.
Currently, Woori Bank has an operating network in 24 countries with 469 branches and transaction offices worldwide (not including more than 850 transaction points in Korea). With its long history, the bank is always highly rated in global credit rankings and is on the list of the world’s largest banks.
