Jeong Il-seon Appointed as New CEO of Kwangju Bank at Shareholders’ Meeting
Kwangju Bank has appointed Jeong Il-seon as its new CEO, marking the third consecutive internal promotion to the top post, with Jeong set to begin his two-year term in January 2025.
Kwangju Bank will issue hybrid capital securities for the first time in nine years to strengthen its capital buffer and manage rising dividend payouts to JB Financial Group, with the move expected to boost its BIS capital adequacy ratio by up to 66 basis points if fully subscribed.
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Kwangju Bank Issues Hybrid Securities for First Time in Nine Years—Eases Dividend Pressure on JB Financial
Kwangju Bank will issue hybrid capital securities for the first time in nine years to strengthen its capital buffer and manage rising dividend payouts to JB Financial Group, with the move expected to boost its BIS capital adequacy ratio by up to 66 basis points if fully subscribed.
South Korea’s banking sector is seeing rapid expansion of joint lending between regional and internet-only banks, with new unsecured loan products expected to launch this year as regulators encourage innovation and broader partnerships.
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Expansion of Joint Lending in Banking Sector—Wave of New Unsecured Loan Products Expected This Year
South Korea’s banking sector is seeing rapid expansion of joint lending between regional and internet-only banks, with new unsecured loan products expected to launch this year as regulators encourage innovation and broader partnerships.
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