Gwangju Bank Head Office ▶ Click here to enlarge
Compared to 173.3 billion won in 2019, it has decreased somewhat, but considering the year-end honorary retirement (12.5 billion won), it is similar to that of the previous year.
The operating profit is 2119 billion won (232.4 billion won in 2019).
Gwangju Bank explained that this is the same as the previous year, considering the additional provision (22 billion won) for the Corona 19 risk.
It maintained the highest level of asset quality in the domestic banking sector with a loan ratio of 0.43% and a delinquency ratio of 0.39%.
The BIS equity capital ratio is 17.60%, and the common stock capital ratio is 15.47%.
Gwangju Bank praised that these achievements were the result of local management and customer-centered on-site management by Jong-wook Song, who realizes’pursuit of value beyond profits’ based on coexistence with the region and companionship with local people.
Gwangju Bank is pursuing a 2,400 strategy to achieve net profit of 240 billion won by 2023, aiming to achieve 190 billion won this year and 210 billion won by 2022.
Gwangju Bank, which took its first step on November 20, 1968 with a capital of 150 million won and 57 employees, has grown into a local bank representing Gwangju and Jeollanam-do, overcoming large and small drafts for 52 years.
Jongwook Song, President of Gwangju Bank “We thank the locals and customers who have continued to support us until we became the representative banks of Gwangju and Jeonnam. This year, as the regional economic difficulties are increasing with Corona 19, we support local small and medium-sized enterprises and small businesses, He emphasized, “I will devote myself to practicing inclusive finance and social contribution activities.”
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