Woori Bank Marks 30 Years in Bangladesh
Woori Bank's Dhaka branch, which took its first steps into the Bangladeshi financial market, celebrated its 30th anniversary of entry and declared a second leap forward through localization and digital innovation. Woori Bank held a commemorative event for the 30th anniversary of the Dhaka branch at
On September 30, Woori Bank marked its 30th anniversary in Bangladesh with a commemorative event held at the Sheraton Dhaka hotel. The event was attended by Woori Bank's CEO Chung Jin-wan, the Bangladeshi Finance Minister, the Deputy Governor of the Central Bank, and senior executives from local Korean corporations. Currently, Woori Bank has established nine networks in Bangladesh, employing 147 individuals at its Dhaka branch.
Over the past three years, the branch has experienced a 24% annual average increase in operating revenue, reaching 23 billion won ($17.69 million) in the first half of this year alone. The bank has maintained the highest credit rating of AAA, solidifying its strong position in the local market.
Woori Bank's growth can be attributed to a focus on localization and digital innovation. Initially, the bank prioritized financial support for Korean-affiliated companies, but the customer base has expanded, with approximately 73% of customers now being local. The bank has introduced mobile-exclusive deposit products and is actively participating in the development of a national standard QR payment system, enhancing its digital competitiveness.
Woori Bank is also committed to mutual growth with the local community, conducting social contribution activities such as supporting anemia patient prevention and treatment projects. On the event's first day, CEO Chung Jin-wan visited the Central Bank to discuss financial cooperation measures between the two countries with Governor Mostakur Rahman.
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