Gwangju Bank Holds 4th Quarter Management Strategy Meeting

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Bank (President Song Jong-wook) announced on the 22nd that it held the 4th quarter management strategy meeting of 2020 on the 21st, attended by President Song Jong-wook, executives, and branch managers.

This meeting was held at a local wedding business that transacts with Gwangju Bank in order to practice win-win management with the region, which President Song Jong-wook emphasizes.

Due to the ongoing impact of COVID-19, this meeting was conducted once targeting the Gwangju and Jeonnam regional business headquarters under thorough quarantine measures such as facility disinfection and mask-wearing, and is scheduled to be held on the 27th in Seoul for the metropolitan area business headquarters.

At this management strategy meeting, time was taken to present the 3rd quarter management performance of 2020 and the main business plans for the 4th quarter, sharing specific management policies and key promotion strategies to renew the determination of executives and employees.

At this occasion, Gwangju Bank executives and employees reviewed domestic financial sector trends such as prolonged low interest rates and deteriorating profitability, and shared plans to pursue qualitative growth through customer-centered management focused on financial consumer protection and digitalization of finance in preparation for the post-COVID-19 era.

Furthermore, to leap forward as a leading bank with the best profitability and soundness among regional banks, they presented a mid- to long-term strategy to achieve a net profit of 240 billion KRW in 2023, along with key promotion strategies for the 4th quarter including ▲ securing profitability in response to the prolonged policy low interest rate trend for economic stimulus ▲ strengthening asset soundness through field-centered management ▲ increasing core deposits by maintaining solid profitability and expanding the active customer base.

President Song Jong-wook of Gwangju Bank said, “Although everyone is going through a difficult time due to COVID-19, I hope all executives and employees renew their determination to strengthen digital capabilities in preparation for the upcoming post-COVID-19 era and to promote qualitative growth based on profitability and soundness,” adding, “With the recent retention of the first treasury for Gwangju Metropolitan City and the second treasury for Jeonnam Province, I hope all executives and employees play a leading role with the mindset that we must faithfully fulfill the role of the region’s treasury keeper, not only coexisting with the regional economy but also practicing regionally focused management that accompanies local residents.”

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