Gwangju Bank Holds '2023 2nd Quarter Management Strategy Meeting'

Gwangju Bank recently held the '2023 2nd Quarter Management Strategy Meeting' on the 3rd floor of the head office's KJ Sangsaeng Maru, the bank announced on the 21st.

They shared outstanding sales cases by division and took time to present the management performance for the 1st quarter of this year and the main business plans for the 2nd quarter.

Afterwards, they invited Baek Jae-hoon, Head of Marketing at Korea Research, to give a special lecture on the theme of ‘Response Directions to Changing Organizational Culture.’

Ko Byung-il, President of Gwangju Bank, said, "In the recent high-interest rate environment, with the prolonged stagnation of the real estate market and the continuous expansion of economic slowdown, the banking industry is also facing an era of low growth and asset soundness crisis."

He continued, "Customer perceptions of the current financial market and weakening trust in the financial system, along with household debt deleveraging, are changing the market environment to one unfavorable for the bank's revenue base."

He emphasized, "It is necessary to strengthen profitability by securing soundness through proactive risk management, maintaining growth through increasing PB customers and high-quality assets, securing stable revenue sources such as increasing core deposits, and acquiring rapid crisis response capabilities in the rapidly changing financial environment."

Gwangju Bank is promoting organizational efficiency by focusing on soundness management, strengthening a stable revenue and cost structure, and enhancing non-interest income business operations through core businesses such as credit cards, WM, foreign exchange, and trusts to secure crisis response capabilities and reinforce financial safety.

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