S. Korean lender plans Mideast expansion

: Tuesday, June 24 - 2014 @ 01:13

Woori Bank, part of South Korea’s largest banking conglomerate Woori Financial Group, has announced plans to expand in the Middle East region to speed up global business expansion, Gulf Times has reported. The bank is partnering with Emirates NBD with whom it signed a memorandum of understanding in 2013 to strengthen trade partnerships of South Korean companies with the UAE, Saudi Arabia and other GCC countries and to “provide comprehensive banking services to South Korean business entities [in the region], Woori Bank’s CEO and Chairman, Lee Soon-woo, said. Woori is one of the oldest banks in South Korea and focuses and commercial banking, retail banking and investment banking services.

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Tuesday, June 24- 2014 @ 1:13 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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