11 February 2015
Korean banks are focusing on Asian markets,
including the Philippines and India, so as to cope with the current low
interest rate trend by means of their economic growth rates of over 7% and high
loan-deposit spreads.
Shinhan Bank is planning to expand its sales
networks in Asia to the Philippines from Vietnam, India, Singapore, and
Myanmar. Woori Bank is going to widen its retail banking network in Indonesia
by making use of Bank Woori Indonesia (BWI) and Bank Saudara (Tbk), which are
scheduled to be merged late this month and Woori Bank will become the Korean
bank with the largest number of overseas branches, specifically 184 in 18
countries.
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