Banking competition over Asian financial belt

[Korea sinyuncheol financial newspaper reporter] Korean banks to find a new food in the global market are mainly advanced developing countries in Asia. This entry easier and more developed financial because the local financial infrastructure growth is often the lack of choice. But it will put one upon another advanced countries is becoming frequent if you are competing for the title of the Asian financial belts from overseas among domestic banks.

◇ Shinhan, reliable market occupancy

Vietnam has a lot of potential for growth due to domestic banks advance. Vietnam is a favorable environment for the population and a low average age, high and low mobile phone penetration rate account retention, and high awareness, domestic companies in Korea. Where we pay the remarkable achievements of which is Shinhan Bank. Shinhan Vietnam Bank took up a position as one of the foreign banks have put a net profit of about 400 billion annually. The reason this was possible is constantly deulyigo the ball for a long time, so the first entry in 1992 because of a flat-speaking local custom strategy. Shinhan Bank, there is a local contact type, such as sales based on the offline store mobile bank in Vietnam, car loans, plans to expand the same way, including the following jinchulguk Indonesia.

◇ expanding overseas expansion, stretching KB

KB Financial Group has accelerated the Asian markets, including Vietnam, the Philippines and around the subsidiary National Bank. In this process In Vietnam, Shinhan Bank, the Philippines has been subject to intense competition in our bank.

Yun Jonggyu KB Financial Group President recently visited Vietnam Nguyen yenssu the meet eonpuk Prime Minister had asked for, such as KB Kookmin point conversion of the Bank Hanoi Office Laos joint venture leasing company established in local as KB Capital · KB Kookmin Card co KB collaborated Duck Singh the launched. After tasting the history of Kazakhstan BCC failed banks are reluctant to invest in overseas markets, KB Financial was the thing will start again on overseas sales.

Reflecting this, KB Financial Group is considering to enter the Philippines. According to the 2nd financial KB Financial Group embarked on research for advanced Philippines retail banking market. Including whether such expansion is based on the non-banking sector, including banking and savings banks to review the various entry ways.

KB Financial Group have entered so far in South East Asia countries Vietnam, Laos, Cambodia, Myanmar, India, and five and has focused on two of the four countries of Vietnam, Laos, Cambodia and Myanmar. The four countries were also the chairman of KB Financial Yun Jonggyu in person in February.

As with Vietnam, the Philippines is also a lot about the population to reach 1 billion that is 60% less than 30 of the Ihara growth potential is a great place. Population have a bank account is also only 30% out.

KB Financial Group is to review the retail markets rather than domestic or immigrants targeted sales operations in the Philippines, if we are to compete with banks. It entered the Philippine area of ​​domestic banks is entered into our bank IBK Industrial Bank and Shinhan Bank, last year, the local savings banks, investment banks and embellish one point in KEB in 2015. Among the banks, we can put forward the retail market.

◇ Woori Bank, a global network focused expansion

Our banks are expanding overseas network to 500 this year with the ambition hagetdaneun leap into the world top 20.

He broke into a full-fledged sales in existing jinchulguk not a simple extension last year, switched to Hanoi branch as a legal entity. If the corporation is also easier to install local sales and added points. Open new branches in three places this year, it plans to build a sales network of 20 locations in three years. They are showing themselves to ensuring local demand, such as retail electronic payments pins tech companies and partnerships even bears.

Vietnam is expected to ensure immigrants and Vietnamese companies entering the domestic demand, mainly financial, the Philippines plans to embark on local retail sales. We went to the Bank of Philippine Savings Bank Wealth Development Rob Philippines retail banking market with a 51% stake in four treatments import large distribution partner biksal (Vicsal) Group of the Philippines (stake 49%) of the bank.

Our bank is reportedly planning to card business also launched a partnership with a local credit card company for local customers. Local customers consider this low point financial institutions access to Lee Dongsik banking services in a converted mini-buses (Banka, Bankar) decided to also introduced.



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