Gwangju Bank Holds 2022 Management Strategy Meeting... "Driving Change and Innovation"

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] Gwangju Bank announced on the 19th that it held the 2022 first half management strategy meeting on the 3rd floor of the head office at KJ Sangsaeng Maru.

The meeting included an award ceremony for branches and employees who achieved excellent results last year and a time to share outstanding sales cases. It also presented the management performance of the fourth quarter of last year and the main business plans for the first quarter of this year, sharing specific management policies and key promotion strategies to renew their determination.

Prior to the management strategy meeting, employees reviewed the 2021 work performance through weekly business briefings by headquarters and shared detailed promotion plans for this year's business goals. At this management strategy meeting, they gathered opinions and suggested future directions.

Song Jong-wook, President of Gwangju Bank, emphasized, “In the face of the accelerating COVID-19 crisis and fierce competition in the digital financial industry, this year is the time to boldly implement change and innovation more than ever.” He added, “We must remember that the mission of Gwangju and Jeonnam’s representative bank is to achieve excellent management performance based on customer value and social responsibility, while simultaneously focusing on community-based management to coexist and develop with the region, pursuing value beyond profit.”

In particular, pledging to leap forward as a leading bank with the highest profitability and soundness among regional banks, the bank presented six major tasks based on this year’s slogan “Start First, Move Fast 2022,” which means “Start boldly, execute quickly.”

The tasks include ▲expanding loans to local small and medium-sized enterprises ▲practicing inclusive finance centered on the middle and low-income class ▲strengthening digital competitiveness and securing future growth engines ▲proactive soundness management ▲enhancing efficiency through channel optimization ▲establishing an ESG management system. Along with presenting a concrete vision, the bank decided to focus its capabilities on solving practical tasks.

Despite the difficult management environment last year due to the economic recession caused by COVID-19, the base interest rate hike, the full enforcement of the Financial Consumer Protection Act, and the total household debt limit, Gwangju Bank achieved a record high net profit of 163.3 billion KRW by the third quarter of last year, while maintaining the highest level of asset soundness in the banking sector in terms of non-performing loan ratio and delinquency ratio.

Additionally, the bank won first place in regional bank brand power for four consecutive years and received the highest grade in regional reinvestment evaluation. It was also selected as the Gwangju Metropolitan City treasury and the treasury for five autonomous districts, achieving remarkable and significant management results, further solidifying its status as the representative bank of Gwangju and Jeonnam.