IBK Industrial Bank, Holds Non-Face-to-Face 'National Branch Managers Meeting'

Yoon Jong-won, Bank President, Emphasizes Branch Managers' Leadership and Expertise to Respond to Changes in Economic and Financial Environment
Urges Prioritizing Support for Overcoming Crises of SMEs and Small Business Owners This Year as Well

Yoon Jong-won, President of IBK Industrial Bank, is presiding over the 'National Branch Managers Meeting' held via video conference on the 11th at the IBK Industrial Bank headquarters in Jung-gu, Seoul.

[Asia Economy Reporter Song Hwajeong] IBK Industrial Bank of Korea held the 'National Branch Managers Meeting' on the 11th at the IBK headquarters in Euljiro, Jung-gu, Seoul, sharing the main strategic directions and tasks for 2022, the bank announced on the 13th. The meeting was conducted on-site with some executives attending in accordance with government quarantine guidelines and via real-time video conference.

President Yoon Jong-won emphasized, "The role of branch managers, who are leaders on the ground, is crucial during this period of great transformation in the economic and financial environment," adding, "They must develop expertise tailored to customer expectations and coach employees based on inclusion and leadership." He also urged, "In the new 60 years, we must enhance competitiveness by establishing trust, capability, people, and systems, leading change and innovation to boost the dynamism of small and medium enterprises and the national economy."

IBK Industrial Bank of Korea set this year's management slogan as 'New 60 Years, Innovation Toward Customers' and presented the following tasks: ▲Supporting crisis overcoming ▲Supporting customer innovation to strengthen future competitiveness ▲Promoting IBK as a source of pride for society, customers, and employees.

In particular, President Yoon stated, "We must alleviate the financial burden on small and medium enterprises and small business owners who are increasingly struggling due to interest rate hikes, and assist them using customized restructuring," designating crisis support as the top priority again this year.

President Yoon also urged to change the financial support paradigm by enhancing the ability to assess corporate technology and growth potential, boldly supporting innovative companies and future industries, saying, "Digital, global, and synergy strategies must also be designed with customers at the center." He further ordered to help small and medium enterprises adopt ESG (Environmental, Social, and Governance) management as an opportunity for growth and to expand social contribution activities in financially vulnerable groups, culture, arts, and sports sectors, emphasizing the responsible role as a corporate citizen.

Finally, President Yoon reiterated the importance of branch managers' exemplary leadership for establishing sound management, saying, "To maintain the bank's fundamental trust, internal controls must be strengthened, and compliance and ethical awareness raised so that no financial accidents or corruption occur."

During the meeting, an awards ceremony for branches with excellent management performance was held, IBK's innovative management best practices such as the 'Financial Doctor Program' were shared, and a video message was delivered to encourage branch managers.

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