The Jeonbuk Bank Co.,Ltd. (South Korea)

Operating income increased over the preceding year same period with increased interest income thanks to growing loan assets and growing gains from short-term financial instruments.ROA and ROE rose with steady growth of interest income based on asset growth though net interest margin decreased.Asset soundness is good with declining ratio of sub-standard or lower loans and loan default ratio while 12.78% BIS net worth ratio is maintained. Business growth will continue with growing sales capabilities by setting up new branches in Soryong-dong, Gunsan and Yuseong, Daejeon while focusing on growth of corporate loans.Efforts will continue for improving profitability as allowance for doubtful loans is decreasing while focusing on asset soundness.In September 2011, Woori Capital will be acquired, positively contributing to revenue diversification with a nation-wise sales network while risk of operating in a region only will be removed.