Yoon Jong-won, Bank President, Urges Branch Managers to Provide Customized Diagnosis and Prescription for Each Company at Meeting

National Branch Managers Meeting Held... Sharing Key Strategies and Best Practices for the Second Half of the Year

The photo shows Yoon Jong-won, President of Industrial Bank of Korea, conducting a non-face-to-face nationwide branch managers' meeting at the Euljiro headquarters in Seoul on the 21st.

[Asia Economy Reporter Park Sun-mi] IBK Industrial Bank announced on the 22nd that it held a nationwide branch manager meeting non-face-to-face to prevent the spread of COVID-19 and shared key strategic directions and excellent performance cases for the second half of the year.

At the meeting, President Yoon Jong-won stated, “IBK is facing qualitatively different challenges than in the past, such as digital transformation and ESG (environment, social, and governance) management,” and added, “Branch managers must take the lead in change and innovation for sustainable growth.”

The key initiatives for the second half of the year include ▲ accelerating digital transformation and achieving innovative financial results ▲ securing ESG competitiveness and practicing ethical management ▲ credit support and soundness management to overcome crises ▲ practicing proper management. President Yoon also urged, “Please utilize the upcoming ‘Financial Doctor Program’ to provide customized diagnosis and prescriptions for each company and prepare personal asset management services thoroughly in line with the implementation of the MyData business.”

Furthermore, to strengthen ESG competitiveness, he emphasized practicing ESG activities at sales sites and adhering to ethical management to achieve ‘zero financial accidents and corruption.’ He also instructed flexible operation of the pilot ‘New Branch Team System’ tailored to each branch’s situation to respond to the decrease in walk-in customers, along with proactive management such as ‘special credit risk inspections’ for vulnerable companies affected by credit support tailored to the deepening polarization of corporate management and interest rate hikes.

Meanwhile, at the meeting, excellent marketing cases using ‘IBK Box POS,’ which allows smartphones to be used as payment terminals simply by installing an application (app) without cost burden, were also introduced.

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