Company Profile For Woori Finance Holdings Co., Ltd.

Woori Finance Holdings Co., Ltd. (053000.KS) (Korea Stock Exchange)

sector: Financials · industry: Financial Services - Diversified ·

As of 26 Nov 2009

15,050.00KRW

Price Change

-700.00

Percent Change

-4.44%

Analyst Recommendations

Overview

Woori Finance Holdings Co., Ltd is a financial holding company. The Company and its subsidiaries are engaged in a range of businesses, including commercial banking, credit cards, capital markets activities, international banking, asset management and bancassurance. The Company provides a range of products and services to the clients, which includes individuals and small- and medium-sized enterprises, as well as Korea-based companies. As at December 31, 2008, the total consolidated assets of the Company was at (Won) 271.1 trillion, consolidated total deposits of (Won) 168.3 trillion and consolidated stockholders’s equity of (Won) 11.9 trillion.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, Woori Finance Holdings Co., Ltd.'s total interest income increased 28% to W16.721T. Net interest income after LLP decreased 2% to 4.351T. Net income decreased 77% to W454.48B. Total interest income increased interest income from loans. Net interest income after LLP was offset by increased provision for loan loss. Net income also suffered from decreased gainsunder equity method.