Kim Ji-wan, Chairman of BNK Financial Group, "Leveling Up Beyond the Limits of Regional Finance"

BNK Financial Group, Second Half Management Strategy Meeting

Kim Ji-wan, Chairman of BNK Financial Group

[Asia Economy Reporter Kim Hyo-jin] "To surpass the limitations of a regional financial group and level up one step further, continuous challenges are necessary in the second half of the year."

Kim Ji-wan, Chairman of BNK Financial Group, delivered this message regarding the group's management direction for the second half of the year.

According to the financial sector on the 6th, at the group management strategy meeting held the previous day to review the progress of major business divisions and seek management directions for the second half, Chairman Kim said, "To respond to the volatility of the rapidly changing financial industry, it is essential to improve core business capabilities to increase recurring profits and secure crisis resilience through business model innovation."

He also urged the group, "At the same time, proactive risk management considering market conditions must be thoroughly implemented."

At the meeting, BNK Financial reviewed the progress of major tasks and discussed growth strategies for the first half of the year across the group's core four divisions, including group strategic finance, risk management, corporate & investment banking (CIB), wealth management (WM), digital & IT, and global operations.

Following capital increases in BNK Investment & Securities, BNK Asset Management, and BNK Venture Investment in the first half, BNK Financial plans to continue capital increases in non-bank affiliates such as BNK Capital and BNK Savings Bank in the second half, further strengthening the high-growth and high-profit non-bank business sector.

Additionally, while pursuing asset growth, the group will rigorously manage appropriate ratios such as capital adequacy and profitability, and accelerate the achievement of the group's mid-to-long-term management plan through structural improvements via management efficiency by 2023.

BNK Financial also plans to focus on increasing non-interest income by strengthening group CIB-linked sales among affiliates and ensuring thorough risk management through the expansion of back-office operations. They have also established plans to build a comprehensive asset management trust base by launching related products such as testamentary trusts and real estate collateral trusts.

Innovating Digital Channels and Strengthening Global Operations

BNK Financial is expanding non-face-to-face sales, supported by an increase in active mobile customers, and is preparing for the launch of the MyData business in August through a partnership with data specialist company Kukon.

Considering this trend, BNK Financial's plan is to innovate digital channels and quickly respond to the rapidly changing digital financial environment by operating digital talent development programs.

In the global sector, BNK Capital plans to open six additional overseas branch offices in the second half of the year, following two openings in the first half. BNK Gyeongnam Bank opened a representative office in Uzbekistan in April and is pursuing the establishment of a local bank in the mid-to-long term through analysis of the local financial market.

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