BUSINESS

Woori Bank to streamline loan evaluation of offshore units

By Son Ji-hyoung
  • Published : Oct 8, 2018 - 15:09
  • Updated : Oct 8, 2018 - 15:09
Woori Bank, South Korea‘s fourth-largest commercial bank by assets, said Monday it has created an office in Singapore to streamline loan evaluation of offshore units across Asia.

The office, dubbed “Asia Credit Analysis & Approval Debt Center” is designed to “improve loan approval (of offshore units) and expedite the decision-making process” of corporations in China, Vietnam and Indonesia, as well as branches in Hong Kong, India and Middle East nations, the bank said. 

(Herald DB)
The bank has dispatched four in-house credit specialists from Korea to the Singapore office following a 23-week training session. The office will also house two local employees.

The center marks the first of its kind to be established by a Korean commercial bank, it added.

By Son Ji-hyoung 
(consnow@heraldcorp.com)


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