SBI Savings Bank Expands and Opens Yeouido and Gangnam Financial Centers

Providing Comprehensive Financial Services for Individuals, Corporations, and IBs

SBI Savings Bank announced on the 5th that it has expanded and reopened its existing Yeouido and Samsung branches as Yeouido and Gangnam Financial Centers, respectively.

The two financial centers plan to transform into comprehensive financial service complex centers. Moving away from the previous focus on deposit-based operations, they will strengthen lending operations including personal, corporate, and IB (investment banking) finance, and develop various products.

At the Yeouido Financial Center, synergy will be created through collaboration with nearby securities firms, asset management companies, and other financial institutions. The Gangnam Financial Center plans to conduct business activities with various lending products related to individuals and corporations.

On the 4th, officials are taking a commemorative photo at the expansion opening ceremony held at the SBI Savings Bank Yeouido Financial Center in Yeouido, Seoul. From the fifth person on the left: Oh Hwa-kyung, Chairman of the Korea Federation of Savings Banks; Kim Moon-seok, CEO of SBI Savings Bank; Taniguchi Kazusugu, Vice President of SBI Savings Bank. Photo by SBI Savings Bank.

Oh Hwa-kyung, Chairman of the Korea Federation of Savings Banks, stated, “I hope the Yeouido and Gangnam Financial Centers will become new channels that handle not only retail products like general branches but also special products such as real estate and corporate loans.”

Lee Yong-gu, Head of Branch Business at SBI Savings Bank, said, “With the opening of these financial centers, we plan to provide differentiated financial services that can meet the diverse needs of individual and corporate customers.”