Last $35.40 USD
Change Today -0.07 / -0.20%
Volume 559.0
WF On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

woori finance holdings-adr (WF) Snapshot

Open
$35.21
Previous Close
$35.47
Day High
$35.40
Day Low
$35.21
52 Week High
12/31/13 - $38.34
52 Week Low
06/24/13 - $24.86
Market Cap
9.5B
Average Volume 10 Days
3.1K
EPS TTM
--
Shares Outstanding
268.6M
EX-Date
12/27/13
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WOORI FINANCE HOLDINGS-ADR (WF)

woori finance holdings-adr (WF) Related Businessweek News

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woori finance holdings-adr (WF) Details

Woori Finance Holdings Co., Ltd., through its subsidiaries, provides various banking and financial products and services for large corporations, small- and medium-sized enterprises, and individuals in The Republic of South Korea. It offers various deposit products, such as demand, time, installment, and savings deposits, as well as repurchase instruments and certificates of deposit. The company also provides credit cards; working capital and facilities loans; and leases and loans for automobiles, heavy machineries, and medical equipments, as well as microlending services. In addition, it offers various capital market services, including securities investment and trading, derivatives trading, asset securitization, investment banking, securities brokerage, trust and investment trust management, and trustee and custodian services, as well as investment advice and mutual funds services to retail customers. Further, the company provides international banking services, such as foreign exchange; dealing, import, and export-related; offshore lending; syndicated loans; foreign currency securities investment; and foreign currency funding services. Additionally, it offers merchant banking, consumer finance, private equity, and bancassurance services; and various individual and group life insurance products, including health, whole life, savings-type, and pension insurance. As of December 31, 2012, the company operated 1,308 branches; and approximately 9,000 ATMs and cash dispensers. Woori Finance Holdings Co., Ltd. was founded in 2001 and is headquartered in Seoul, The Republic of South Korea.

Founded in 2001

woori finance holdings-adr (WF) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

woori finance holdings-adr (WF) Key Developments

Update On Government's Sale of Woori Bank

The Government will announce how to sell off its stake in Woori Finance Holdings Co., Ltd. (KOSE:A053000) in the first half 2014. Shin Je-Yoon, Chairman of Financial Services Commission, said, “The sale of Woori's brokerage unit is almost complete and talks are underway with potential buyers over the sale of Woori’s regional bank units. The Government will disclose a plan to sell the remaining flagship bank during the first half after discussion with Public Fund Oversight Committee. A delay in National Assembly passage of revised Restriction of Tax Reduction and Exemption Bill is impeding the sale of Woori’s regional banks, stressing the bill should be passed in April 2014 to ensure a smooth sale of the regional banks and Woori."

Government To Sell Woori Finance To Multiple Investors

The South Korean Government is considering splitting and selling Woori Finance Holdings Co., Ltd. (KOSE:A053000) to multiple buyers. According to sources, under the new sale plan, potential bidders will be required to propose a price for a certain amount of stake they want to buy in Woori. If bidders price meets the government's target, they can be new owners of the bank with oligopoly ownership, with each owning a 5% to 10% stake.

Woori Finance Holdings Co., Ltd. Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2013

Woori Finance Holdings Co., Ltd. reported consolidated and parent earnings results for the year ended December 31, 2013. For the year, on parent basis, the company reported interest income of KRW 6,508 million against KRW 11,757 million a year ago. Operating income was KRW 90,472 million against KRW 398,558 million a year ago. Loss before income tax expense was KRW 218,955 million against income before income tax expense of KRW 397,190 million a year ago. Net loss was KRW 596,363 million or KRW 776 basic and diluted loss per share against net income of KRW 397,336 million or KRW 459 basic and diluted earnings per share a year ago. Net cash provided by operating activities was KRW 103,552 million against KRW 395,126 million a year ago. Acquisition of premises and equipment was KRW 62 million against KRW 54 million a year ago. Acquisition of intangible assets was KRW 37 million against KRW 10 million a year ago. For the year, on consolidated basis, the company reported interest income of KRW 9,493,383 million against KRW 10,891,241 million a year ago. Net interest income was KRW 4,492,022 million against KRW 4,847,900 million a year ago. Operating income was KRW 239,567 million against KRW 1,549,507 million a year ago. Net income before income tax expense was KRW 287,667 million against KRW 1,637,920 million a year ago. Income of continuing operations was KRW 252,571 million or KRW 165 basic and diluted per share against KRW 1,281,080 million or KRW 1,411 basic and diluted per share a year ago. Net loss attributable to owners was KRW 537,688 million or KRW 704 basic and diluted loss per share against net income attributable to owners of KRW 1,633,341 million or KRW 1,993 basic and diluted earnings per share a year ago. Net cash used in operating activities was KRW 2,997,949 million against KRW 144,037 million a year ago. Acquisition of premises and equipment was KRW 159,437 million against KRW 252,470 million a year ago. Acquisition of intangible assets was KRW 107,092 million against KRW 72,598 million a year ago.

 

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Valuation WF Industry Range
Price/Earnings 74.6x
Price/Sales -- Not Meaningful
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
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