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IBK CEO unveils vision of global top 100 bank within 2 Years

IBK CEO unveils vision of global top 100 bank within 2 Years

Posted August. 02, 2014 04:13,   


Industrial Bank of Korea (IBK) announces its vision to become a “Global Top 100 Bank” by 2016.

IBK CEO Kwon Seon-joo said on Friday in the ceremony of IBK’s 53rd anniversary, “IBK will become a “Global 100 Bank” by 2016 by accumulating a total asset of 260 trillion won (about 25 billion U.S. dollars), lending 125 trillion won (12.04 billion dollars) of loan to small- and medium-sized enterprises, and attracting 1.3 million SME customers.” Kwon also mentioned, “We need to be prepared for the time of unification as Germany`s development bank KfW played a great role in the unification of Germany,” adding, “Unification will give us the opportunity for overseas expansion without crossing the sea.”

IBK unveiled the brand of “IBK life-time design” to go into the retirement financial market and formed an organization of “life-time design planner” with 220 experts in retirement design. They will be allocated to IBK branches across the nation to support customized programs such as introduction to financial products, medical examination, and training/education in re-employment and foundation of businesses.