Arab Today, arab today woori picks preferred bidders for regional banks
Last Updated : GMT 13:27:38
Arab Today, arab today
Arab Today, arab today

Woori picks preferred bidders for regional banks

Arab Today, arab today

Arab Today, arab today Woori picks preferred bidders for regional banks

Seoul - Yonhap

Two provincial banking firms won the bid Tuesday to each buy a regional bank unit of Woori Finance Holdings Co., giving a hand to the government's long-pending sale of South Korea's largest banking group, bank and regulatory sources said. The state-run Korea Deposit Insurance Corp. (KDIC), the controlling shareholder of Woori Finance, picked Busan-based BS Financial Group Inc. as the preferred bidder for Kyongnam Bank, and JB Financial Group Co., based in the southern city of Gwangju, for Kwangju Bank.

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