Best Banks

 

Woori Bank and KB Kookmin Bank have both won the Asian Banker International Awards 2015. 

Woori Bank (President Lee Kwang-goo) was selected as the best cash management bank and best trust bank in South Korea. Rating highly on its superior competitiveness in the global business division, Asian Banker has chosen Woori Bank as the “Best Cash Management Bank in South Korea” for three years straight. 

The bank was also selected as the “Best Sub Custodian Bank in South Korea” in the financial markets. 

Woori Bank started offering consignment services in 1996. Since then, the bank has operated entrusted businesses of the domestic major pensions and funds, and the assets of asset management companies, by consistently developing the systems and improving the services. 

In particular, the bank has carried out the consignment business in the world’s three pensions and funds - bonds, stocks, and alternative investments of the national pensions - from 2008. An official from Woori Bank said, “Woori Bank has received awards from the Asian Banker for five years in a row. Also, the bank has been selected as the Best Cash Management Bank in South Korea for the third consecutive year and the Best Sub Custodian Bank in South Korea this year. The fact reconfirms Woori Bank's competence and attainment.” 

KB Kookmin Bank was also chosen as the best bank for financing exports and imports in South Korea in four consecutive years. The bank received the award based on the survey on the overall export-import financial business, including transaction volume, new products related to export and import and customer service.

In particular, KB Kookmin Bank was well appreciated its attention and support in the foreign exchange business, strengthened customer service, and excellent competency on the trade finance business. An official from the bank said, “KB Kookmin Bank was selected as Korea’s best export-import credit bank by a major financial magazine in 2014. This year, the bank also received the Best Export-Import Financing Bank Award in South Korea from the Asian Banker for the second consecutive year.”

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