SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2017
Woori Bank
(Translation of registrant’s name into English)
51, Sogong-ro, Jung-gu, Seoul, 04632, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Woori Bank’s Preliminary Financial Performance Figures
for the First Half of 2017
The preliminary financial performance figures for Woori Bank for the six-month period ended June 30, 2017, on a consolidated basis, are as follows.
(Units: millions of KRW, %)
| Item |
1H 2017 | 2H 2016 | % Change Increase (Decrease) |
1H 2016 | % Change Increase (Decrease) |
|||||||||||||||||
| Revenue* |
Specified Half
|
|
11,988,633
|
|
|
11,355,196
|
|
|
5.58
|
|
|
12,243,074
|
|
|
(2.08
|
)
| ||||||
| Cumulative Basis | 11,988,633 | 23,598,270 | — | 12,243,074 | — | |||||||||||||||||
| Operating Income |
Specified Half
|
|
1,485,290
|
|
|
625,102
|
|
|
137.61
|
|
|
949,103
|
|
|
56.49
|
| ||||||
| Cumulative Basis | 1,485,290 | 1,574,205 | — | 949,103 | — | |||||||||||||||||
| Income before |
Specified Half
|
|
1,429,953
|
|
|
642,268
|
|
|
122.64
|
|
|
911,121
|
|
|
56.94
|
| ||||||
| Income Tax Expense |
Cumulative Basis | 1,429,953 | 1,553,389 | — | 911,121 | — | ||||||||||||||||
| Net Income |
Specified Half
|
|
1,108,925
|
|
|
519,747
|
|
|
113.36
|
|
|
757,787
|
|
|
46.34
|
| ||||||
| Cumulative Basis | 1,108,925 | 1,277,534 | — | 757,787 | — | |||||||||||||||||
| Profit to the Equity Holders of the Parent Entity |
Specified Half
Cumulative Basis |
|
1,098,318
1,098,318 |
|
|
511,000
1,261,266 |
|
|
114.94
— |
|
|
750,266
750,266 |
|
|
46.39
— |
| ||||||
| * | Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets and other operating income (excluding non-operating income). |
The above figures are prepared in accordance with Korean International Financial Reporting Standards.
The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Woori Bank | ||||||
| (Registrant) | ||||||
| Date: July 20, 2017 |
By: | /s/ Hyun Seok Shin | ||||
| (Signature) | ||||||
| Name : | Hyun Seok Shin | |||||
| Title : | Executive Vice President | |||||