Woori Bank Dispatches Headquarters Staff to Branches for COVID-19 Financial Support

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 30th that it will dispatch headquarters staff to frontline branches to provide rapid financial support to companies affected by the novel coronavirus infection (COVID-19).

Due to the increase in loan applications from COVID-19 affected companies, Woori Bank will prioritize 54 branches facing difficulties in loan execution and dispatch about 60 headquarters personnel starting today. One to two headquarters employees with extensive corporate loan experience will be assigned to each branch.

Earlier, on the 25th, the Seoul Metropolitan Government announced plans to expand the credit loan scale for small travel agencies, small academies, and neighborhood restaurants affected by COVID-19 in the Seoul area, and to operate a 'Seoul City Livelihood Innovation Finance Dedicated Window' at Woori Bank's Seoul branches starting early next month. Woori Bank plans to support Seoul's small business loans through the dispatch of headquarters staff.

A Woori Bank official said, "Loan execution is delayed due to the increase in loan applications from small business owners caused by the prolonged COVID-19 situation," adding, "We will devise various measures to ensure that small business owners receive financial support as quickly as possible."

Meanwhile, Woori Bank is also supporting its employees by extending paid leave for pregnant women and others at high risk of infection due to COVID-19, and encouraging family care leave due to delayed clinic openings and school semesters. To prevent any delays in funding support and customer services for companies affected by COVID-19, the bank plans to selectively support the relevant branches.

This content was produced with the assistance of AI translation services.