Woori Bank, First Domestic Bank to Win The Banker 'Global Bank of the Year' Award

First Domestic Bank to Win 'Global Best Bank' Award and Honors in Three Categories

Woori Bank CEO Kwon Kwang-seok is holding trophies from three award categories and posing for a commemorative photo.

[Asia Economy Reporter Kim Hyo-jin] Woori Bank announced on the 3rd that it has been honored as the "Global Bank of the Year" selected by The Banker, a global financial magazine, becoming the first domestic bank to receive this award. In addition, it achieved the great feat of winning three awards in total, including "Asia Bank of the Year" and "Korea Bank of the Year."

The Banker is a monthly financial magazine published by the UK Financial Times, known worldwide. Every year, through a rigorous evaluation process, it selects the best bank globally, regionally, and nationally, one for each category.

In particular, this year, The Banker highly evaluated Woori Bank for its timely financial support and various social contribution activities to overcome the novel coronavirus disease (COVID-19), as well as its efforts to strengthen the digital sector through partnerships with different industries in preparation for the post-COVID era.

A Woori Bank official stated, "Although we were selected as Korea Bank of the Year for three consecutive years from 2016 to 2018 and as Asia Bank of the Year in 2017, this is the first time a domestic bank has been chosen as the Global Bank of the Year. Since this year's award has a special meaning in responding to COVID-19, we will take the lead in practicing Woori Financial Group's management philosophy of 'Reliable Finance Together.'"

Meanwhile, this year's award ceremony was held online instead of in-person attendance due to the impact of COVID-19.

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