Oh Hwakyung, President of the Korea Federation of Savings Banks, "PF Soundness Management, Support for New Business Discovery"

Oh Hwa-kyung, Chairman of the Korea Federation of Savings Banks, announced in his New Year's address on the 31st that he will support enhancing the soundness of the savings bank industry and discovering new business opportunities.

Chairman Oh stated, "To manage real estate project financing (PF) loans and household loans stably, we will set the top priority goal of improving the asset soundness of savings banks through support for auctions and public sales, joint sales support, and the establishment of non-performing loan (NPL) companies, and we will devote all our efforts to this."

He continued by urging the savings bank industry, "Although difficult management conditions such as regional economic downturns are expected to continue next year, please make every effort to manage asset soundness faithfully to the fundamental role of supplying financial services to the common people as a representative financial institution for the public."

Furthermore, he added, "In the rapidly changing financial environment, we will actively discover new businesses to develop savings banks into sustainable financial institutions for the public and simultaneously strive for desirable positioning of savings banks."

Oh Hwa-kyung, CEO of Hana Savings Bank, is being interviewed on the 17th at the Hana Financial Group Gangnam Building in Gangnam-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

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