MARC has affirmed its AAA rating with a stable outlook on Woori Bank’s RM1.0 billion Medium-Term Notes (MTN) programme. The rating incorporates MARC’s assessment of Woori Bank’s high systemic importance as South Korea’s second largest commercial bank with consolidated assets of KRW297.1 trillion, or about 14% of the banking system’s total assets, as at end-September 2015. MARC has a ...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium-Term Notes (MTN) programme. The outlook on the rating is maintained at stable. The affirmed rating reflects Woori Bank’s strong banking operations in the Republic of Korea (South Korea), its stable funding and liquidity profiles as well as its sound capitalisation. The rating also considers Woori Bank’s contin...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (South Korea) and systemic importance in South Korea as well as its stable funding and liquidity profiles and sound capitalisation. MARC rates the notes at the same level as Sout...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) Programme with a stable outlook. The affirmed rating reflects the strength and resilience of the bank’s strong banking franchise in the Republic of Korea (Korea), good earnings generation capacity, sound funding profile and capitalisation, as well as ongoing upgrading of its risk management systems a...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) Programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (Korea), good earnings generation capacity, sound funding profile and capitalisation, as well as progress made by the bank in strengthening its risk management framework. The rat...

MARC has affirmed its rating on Woori Bank’s RM1.0 billion Medium Term Notes Programme (MTN) at AAA, premised on the bank’s strong and established business franchise in the Republic of Korea (Korea), adequate capitalisation and access to government liquidity support via its government-owned holding company Korea Deposit Insurance Corporation (KDIC). While the rating also takes into con...

MARC has affirmed its rating on Woori Bank’s (Woori Bank) RM1.0 billion Medium Term Notes Programme (MTN) at AAA. The rating is premised on the bank’s strong position in its local South Korean market supported by an extensive customer reach, adequate capitalisation with good quality tier-1 capital, and access to government liquidity support via its holding company, government-owned Kor...

MARC has assigned a AAA rating to Woori Bank’s (Woori) RM1.0 billion Medium Term Notes Programme (MTN). The rating carries a stable outlook. The rating reflects Woori’s above average competitive position, underpinned by its strong retail and corporate franchises in Korea and extensive network of branches, its solid asset quality and consistent financial performance, good capital base a...