[Korea financial newspapers around the lower cervical News] We are growing our merchant banking subsidiary role in bank privatization. Woori Bank ahninya to our Investment Bank acts as a brokerage accelerate the successful transition to privatization, the holding company has yeokhalron is under power.
To switch to a holding company must hold an insurance brokerage. Our bank does not have the securities, insurance and capital use. But securities is the predominant opinion that a large and increasing difficulties in the maegakga our bank's acquisition of existing securities. Our opinion shortly after the bank privatization success we ahninya Investment Bank to review the brokerage conversion was raised due. Listed in our merchant's about it. "Since our bank privatization during review of the long term development plan from various angles There are no current specific plans or determined" and "the future we will re-disclosure within specific locations are determined when or six months that," he said . Re-disclosure date is May 19th.
Kim Jaewon This year our Bank prior to the representative jeonggihwa buhaengjang successor has taken over our representatives Yang. As we configured the bank holding company switching TFT our Investment Bank is expected to meet this year's Junction. I say we bank expects even the full support of our banks to resolve the 'wibi crowd "of the operating sign our merchant banking and advertising agency business cooperation promotion of the cases (12 th and October) by the Council in October last year, our comprehensive financing This year is expected to achieve a quantum jump.
◇ increase in net profit doubled last year, strengthening corporate finance
Our Investment Bank profitability has shown an increase. Last year recorded the largest gains, including a doubling net sales linked to the strengthening of our bank. According to our merchant banking audit report, our Investment Bank recorded a profit growth rate of more than twice the record 23.9 billion won in net income last year, 10.4 billion won a year earlier. Which it was about 1.2 trillion won in assets, also grew 1.5 trillion won. Operating profit increased by 98.1% than the year before 10.8 billion won to 21.4 billion won.
Our merchant bank official explained that "dwaetgo and improved revenue growth in assets under management, including short-term and long-term loans increased the IB revenue through our banking operations such as links." Our merchant banking revenue was up 90.9% than a year before 2.2 billion won to 4.2 billion won. Interest income increased by 29% over the previous year 33.7 billion won to 43.5 billion won.
◇ it can compete with a large focus on groundwork laid IB
Kim Jaewon Our merchant bank representatives in a call with reporters, "to catch a large business direction, including seeking to grow are our current merchant new business has progressed to an external consultancy" and "focus on the substantial chopper including providing assets that can be competitive with large IB want to be, "he said. Kim Jaewon representative was elected last March 24 shareholder meeting our merchant banking, and new CEO by the Board of Directors. Kim emphasized that it is important that the foundation for our merchant can a competitive advantage.
He said, "The wish to lay the groundwork to NPL such that revenues in niche markets hand lay the asset growth, including substantial competition and IB" "Our merchant is the securities and work according to, but the only comprehensive financial group investment geumyungeopbeop almost the same," he said he said.
Kim Jaewon representative has said the aspirations that said "New customers will strive to create the company's continued growth through" "will secure the assets 3,000,000,000,000 won over, ROA 1%, ROE of 10% or more stable revenue base" in his inaugural address. Emphasized that efforts to crowdfunding venture business, M & A intermediaries, such as activating new businesses. He is going to continue to expand the "capital in his inaugural address, and write strength in risk management Meanwhile, NPL investment crowdfunding venture business, taken place a new business being recently promoted, such as M & A intermediary promptly and use the power to increase non-interest income will, "he said.
Our Investment Bank has opened a crowdfunding platform wibi crowd last September launched an online microfinance investment brokerage. February this year, the company launched the M & A brokerage platform, open the M & A markets, service since February 10 last year. Kim Jaewon representative added, "We will focus on the chopper substantial asset expansion to our Investment Bank acts as our banking subsidiaries in preparation for holding conversion", "comes word that our merchant banking role in our transition bank holding important in a corner," he said.
◇ M & A market to enable our banking association operating synergies
Our Investment Bank has over the past two corporate M & A brokerage online platform "M & A market, open from May 10, operations. M & A market is 'open market M & A' to register information about the company hopes to buy or sell online and share the corporate customers who wish to buy and sell through our website or in our Investment Bank 1,000 branch banks.
Our Investment Bank has signed the largest M & A information exchange agreement with South Korea M & A, which has a domestic market to enable M & A M & A sale, buying share company information. 'Industry', 'sales', the search companies can set up three "Sell Amount hope. It is currently sharing a share company information and M & A Korea Exchange. 3 There are 35 companies selling information and hope 50 Hope buying corporate information such as registered May 30, based on a food container manufacturing, healthcare and cosmetics franchise, LED packaging, broadcasting equipment installation, a coffee franchise business. Further strengthen the business links of our bank plans to expand its periphery.
Our merchant said, "He is currently registered to buy and sell on a year information sharing dimension in conjunction with South Korea M & A exchanges and intermediaries" and "our banking businesses of going to enable to strengthen towards the association operating under the argument for companies that want the M & A "he said. According to the Fair Trade Commission, 2016 business combination Trends "released last March 1 last year, the FTC will review a business combination is dwaeteumyeo counted 646 cases amounted to the total of 593.6 trillion won in size. The number has decreased by 3.4% compared to 2015, the amount increased by 55.4% (211.7 trillion won). Our Investment Bank has said it "maintains the IB in large brokerage firms and mutual complementary relationship, bond issues to a niche market targets, we plan to expand the IB commissions, including M & A" in the last audit report.
◇ wibi crowd · NPL investment focus
Last year we launched the merchant is wibi crowd and the NPL business. Wibi crowd finished the fundraising proceeds to the movie "ohnyuwol 'No. 1 Funding of 100 million won to 30 November from October, successfully. Wibi crowd is the only Venture Capital Association, member of the crowdfunding platform 13 companies registered in the crowd four, plans to future, we provide all hope investment based on the network and infrastructure of financial group companies and investors an investment opportunity to faith .
Our merchant bank official said, "will continue to crowdfunding as a center of cultural projects and to diversify such excavations excellent future start-up." Our Investment Bank has also promoted Rehoboth and comprehensive business alliance for crowdfunding activated. Actively excavated in the start-up and venture companies to cooperate with the Rehoboth hope to attract investment and plans to support a broad range of financial services companies an excellent target.
Currently wibi crowd and operates the wibi mentor group. Wibi Mentor Group is a start-up business models, timelines, etc. wibi reporting activities crowdfunding allows advice to start-ups to grow through online communication.
Our merchant bank official said the "wibi crowd that was to operate the training and mentoring group in terms of supporting funds to dopja the purpose so that the startup can grow a start-up" and "start-up advice online giving platform is much email receive can be, "he said.
Currently Korea Kim Jongjin founded the Association for the Promotion of Vice, choegangmo Rehoboth business incubator, munsubong East Dream sinopekseu Investment Director, Korea sinyuseop job creation Agency, Franchise Lee Changyong ERP Institute, hands jongseo Sookmyung Women's University professor has been registered as a mentor.
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