Edgar Filing: WOORI BANK

Form 6-K

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 November 2015

Woori Bank

(Translation of Registrant’s name into English)

51, Sogong-ro, Jung-gu, Seoul, 100-792, Korea

(Address of principal executive offices)

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 x 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.

Index


1. Summary of 2015 3Q Business Report			3

2. Exhibit 99.1 Woori Bank Review Report for 2015 3Q (Consolidated)

3. Exhibit 99.2 Woori Bank Review Report for 2015 3Q (Separate)

Summary of 2015 Third Quarter Business Report

Table of Contents


I. INTRODUCTION OF THE BANK		5

1.	Overview of the Bank	5

2.	Capital Structure (Changes in Capital)	9

3.	Total Number of Authorized Shares	9

4.	Voting Rights	10

5.	Dividend Information	10

II. BUSINESS OVERVIEW		11

1.	Results of Operations	11

2.	Business Performance by Operation	11

3.	Funding Sources and Use of Funds	14

4.	Other Information Necessary for Making Investment Decisions	16

III. FINANCIAL INFORMATION		19

1.	Condensed Financial Statements (Consolidated)	19

2.	Condensed Financial Statements (Separate)	21

IV. INDEPENDENT AUDITOR’S OPINION		23

1.	Independent Auditor’s Opinion	23

2.	Compensation to the Independent Auditor for the Past Three Years	23

V. CORPORATE GOVERNANCE AND AFFILIATED COMPANIES		24

1.	About the Board of Directors	24

2.	Affiliated Companies (as of September 30, 2015)	25

VI. SHAREHOLDER INFORMATION		26

1.	Share Distribution	26

2.	Stock Price and Stock Market Performance	27

VII. DIRECTORS AND EMPLOYEE INFORMATION		28

1.	Directors	28

2.	Employee Status	28

3.	Directors’ Compensation	29

VIII. RELATED PARTY TRANSACTIONS		29

Except where indicated otherwise, financial information contained in this document (including the attached financial statements) has been prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“Korean IFRS”), which differ in certain important respects from generally accepted accounting principles in the United States.

All references to “Woori Bank,” “we,” “us” or the “Bank” are to Woori Bank and, unless the context requires otherwise, its subsidiaries. In addition, all references to “Won” or “KRW” in this document are to the currency of the Republic of Korea.

I.	Introduction of the Bank

1.	Overview of the Bank

a.	History

(1)

Background: Major developments.


March 27, 2001		Became a subsidiary of Woori Finance Holdings Co., Ltd. (“Woori Finance Holdings”)

December 31, 2001		Merged with the spun off banking division of Peace Bank of Korea

January 31, 2002		Transferred the credit card business of Hanvit Bank to Woori Card

May 22, 2003		Awarded Republic of Korea Corporate Image Grand Prize – Grand Prize for CI and First Prize for Knowledge Management

July 31, 2003		Merged with Woori Investment Bank

March 31, 2004		Merged with Woori Credit Card

September 7, 2004		Selected as 2004 Top Bank of Korea by British magazine “The Bankers”

November 4, 2005		Opened the first comprehensive financial office in the financial sector, “Woori Finance Plaza”

May 19, 2006		Established Korea BTL Infrastructure Fund

December 1, 2006		Officially launched Woori Global Markets Asia Limited

November 12, 2007		Established a local legal entity in China, Woori Bank China Ltd.

January 9, 2008		Established a local legal entity in Russia, ZAO Woori Bank

December 16, 2008		Issued 70,000,000 convertible preferred shares (par value KRW 5,000, issue price KRW 10,000)

April 1, 2009		Issued 60,000,000 common shares for increase in capital

April 1, 2009		Selected as “Outstanding Company in Gender Equal Employment” sponsored by the Ministry of Labor

December 15, 2009		Awarded Asian Financial Culture Grand Prize “Top Prize in Community Activities”



March 21, 2010		Woori Bank China Ltd. acquired qualification as a “settlement bank for Renminbi currency in international trade”

April 18, 2011		Woori Smile Microcredit executed an MOU to jointly support microcredit with the Ministry of Land, Transport and Maritime Affairs

August 24, 2011		Internet banking reached 10 million customers

April 25, 2012		Awarded “2012 Top Bank of Korea” by the Asian Banker for two consecutive years

August 30, 2012		Awarded 2012 Asia PB Top Award by Asia Economic Daily

September 25, 2012		Woori Brazil Bank began business

October 11, 2012		Selected as “Top Financial Institution for Anti-Money Laundering”

November 7, 2012		Awarded Grand Prize for the First Awards for Protection of Financial Consumers in 2012 by the Korea Economic Daily

November 29, 2012		Awarded Presidential Award sponsored by the Financial Supervisory Commission for “Anti-Money Laundering”

December 6, 2012		Awarded “2012 Grand Prize for Small Loan Financing”

December 13, 2012		Awarded Grand Prize for “2012 Aju Economy and Finance Award”

January 17, 2013		Awarded Grand Prize for Top Customer Service

March 27, 2013		Awarded Grand Prize for Woori Bank “Two Chairs” PB services for four consecutive years

April 1, 2013		Spun off its credit card business

June 14, 2013		Inaugurated the 48th President of the Bank, concurrently holding the position of the 6th President of Woori Finance Holdings

June 27, 2013		Number 1 in Korean Standard-Service Quality Index (KS-SQI) for three consecutive years

October 4, 2013		Selected by National Pension Fund as “Top Foreign Exchange Bank”

December 19, 2013		Awarded “Grand Prize for Small Loan Finance” sponsored by the FSS



January 3, 2014		Awarded final approval to acquire Indonesia’s Saudara Bank 115th anniversary of the establishment of the Bank

January 9, 2014		Awarded “2014 Grand Award for Customer Service”

February 21, 2014		Awarded Grand Prize for “Republic of Korea Top Bank”

March 26, 2014		The Bank re-selected as “the main bank for the City of Seoul”

March 29, 2014		Hansae Basketball team, the professional women’s basketball team, won the “overall championship for 2013-14”

April 1, 2014		Established business agreement with Ministry of Health and Welfare for promotion of philanthropic culture

April 17, 2014		Woori Short Term National/Public Bond Fund reached KRW 100 billion in commitments

April 24, 2014		Became the First domestic bank to issue Basel III subordinated debt in foreign currency (USD 1 billion)

May 21, 2014		Awarded “Korea’s Top Bank in Money Management” by Asian Banker in 2014

May 29, 2014		Executed business agreement with the Patent Office for promotion of IP finance

June 2, 2014		Executed business agreement with Korea Housing Guarantee Co., Ltd. for dealing and managing “Guaranteed Standard PF Loans”

June 26, 2014		The Bank selected by the Ministry of Trade, Industry and Energy as the exclusive bank for “R&D Project Development”

July 28, 2014		The Bank’s board of directors approves the merger between Woori Finance Holdings and Woori Bank (the “Merger”)

September 30, 2014		The KDIC announced the sale of the controlling stake (30%) in Woori Bank

October 10, 2014		The first Korean bank to issue Yuan-denominated bonds

November 1, 2014		Woori Finance Holdings merged with and into the Bank

November 10, 2014		Opened office in Vladivostok, Russia



December 30, 2014		Inaugurated the 49th President of the Bank, Kwang-Goo Lee

		Awarded final approval to merge PT. Bank Woori Indonesia with Saudara Bank

February 26, 2015		PT. Bank Woori Saudara Indonesia officially launched

March 31, 2015		Commemoration of the 100 year partnership between Woori Bank and Seoul Metropolitan Government

May 26, 2015		Launched mobile-only bank, WiBee Bank

		WiBee Bank mobile loan products released

August 20, 2015		Launched Woori-Samsung Pay Service

b.	Affiliated Companies

(1)

Overview of Business Group

Name of business group: Woori Bank

(2)

Affiliated companies within the business group

As of September 30, 2015


Type	Name of Company	Controlling Company	Notes
Company	Woori Bank	Korea Deposit Insurance Corporation	1 company
First Tier Subsidiaries	Woori Card (equity ownership 100.0%)	Woori Bank	16 companies
	Woori Investment Bank (equity ownership 58.15%)
	Woori FIS (equity ownership 100.0%)
	Woori Private Equity (equity ownership 100.0%)
	Woori Finance Research Institute (equity ownership 100.0%)
	Woori Credit Information (equity ownership 100.0%)
	Woori Fund Services (equity ownership 100.0%)
	Woori America Bank (equity ownership 100.0%)
	Woori Bank China Limited (equity ownership 100.0%)
	PT. Bank Woori Saudara Indonesia (equity ownership 74.02%)
	ZAO Woori Bank (equity ownership 100.0% - 1 share)
	Woori Bank Brasil (equity ownership 100.0% - 1 share)
	Woori Global Markets Asia Ltd. (equity ownership 100.0%)
	Woori Finance Cambodia (equity ownership 100.0%)
	Woori Finance Myanmar (equity ownership 100.0%)
	Korea BTL Infrastructure Fund (equity ownership 99.86%)
Second Tier Subsidiaries	Woori Private Equity Fund (equity ownership 2.94%)	Woori Private Equity	3 companies
	Woori Blackstone Korea Opportunity Private Equity Fund No.1 (equity ownership 4.95%)
	Woori Columbus Private Equity Fund No.1 (equity ownership 1.95%)

*	Listed Companies : Woori Bank, Woori Investment Bank and PT. Bank Woori Saudara Indonesia

2.	Capital Structure (Changes in Capital)


As of September 30, 2015				(units: Won, shares)


Date	Category	Stock Decrease/Increase
Date	Category	Type	Quantity		Par Value		Issue price		Note
4.1.2013	Capital reduction with compensation	Common		153,797,130		5,000		5,000	Capital reduction due to spin off of credit card business
4.1.2013	Capital reduction with compensation	Preferred		15,469,070		5,000		10,000	Capital reduction due to spin off of credit card business
6.5.2013	Exercise of conversion rights	Common		54,530,930		5,000		10,000	Reduction of preferred shares due to exercise of rights to convert convertible preferred shares
6.5.2013	Exercise of conversion rights	Preferred		54,530,930		5,000		10,000	Increase in common shares due to exercise of rights to convert convertible preferred shares
11.3.2014	—	Common		596,690,380		5,000		5,000	Capital reduction due to the merger with Woori Finance Holdings
11.3.2014	—	Common		676,278,371		5,000		5,000	Increase in common shares (new issuance of shares) due to the merger with Woori Finance Holdings

3.	Total Number of Authorized Shares


As of September 30, 2015				(unit: shares)


Items	Type
Items	Common Shares		Total
Total number of shares authorized		5,000,000,000		5,000,000,000
Total number of shares issued to date		676,278,371		676,278,371
Number of treasury shares		3,007,145		3,007,145
Number of outstanding shares		673,271,226		673,271,226

*	Upon consummation of the merger with Woori Finance Holdings, 596,690,380 shares of the Bank were cancelled and 676,278,371 shares were newly issued according to the merger ratio.

On September 30, 2015 Woori Bank terminated its trust agreement and acquired 2,913,155 treasury shares which were deposited into Woori Bank’s treasury share account. On October 2, 2015, 278,371 of such acquired shares were retired. As of November 16, 2015, the total number of shares issued to date and the number of treasury shares changed to 676,00,000 and 2,728,774 shares, respectively. The number of outstanding shares remains the same.

[Related Disclosure : Report on Form 6-K submitted by Woori Bank on September 30, 2015, entitled “Decision to Terminate Trust Agreement for Acquisition of Treasury Shares”]

4.	Voting Rights


As of September 30, 2015				(unit: shares)


Items		Number of stock		Notes
Total number of shares issued	Common Shares		676,278,371	—
Total number of shares issued	Preferred Shares		—	—
Number of shares without voting rights	Common Shares		3,007,145	—
Number of shares without voting rights	Preferred Shares		—	—
Number of shares for which voting rights are excluded pursuant to the articles of incorporation	—		—	—
Number of shares for which voting rights are limited by law	—		—	—
Number of shares for which voting rights have been restored	—		—	—
Number of shares for which voting rights may be exercised	Common Shares		673,271,226	—
Number of shares for which voting rights may be exercised	Preferred Shares		—	—

5.	Dividend Information


Items		3Q 2015		2014		2013
Par value per share (Won)			5,000		5,000		5,000
Net profit (Millions of Won)			840,150		1,213,980		(537,688	)
Earnings per share (Won)			1,048		1,621		(704	)
Total cash dividends (Millions of Won)			168,318		336,636		—
Total stock dividends (Millions of Won)			—		—		—
Cash dividend payout ratio (%)			20.0		27.7		—
Cash dividend yield (%)	Common Shares		2.5		4.6		—
Cash dividend yield (%)	Preferred Shares		—		—		—
Stock dividend yield (%)	Common Shares		—		—		—
Stock dividend yield (%)	Preferred Shares		—		—		—
Cash dividend per share (Won)	Common Shares		250		500		—
Cash dividend per share (Won)	Preferred Shares		—		—		—
Stock dividend per share (Won)	Common Shares		—		—		—
Stock dividend per share (Won)	Preferred Shares		—		—		—

*	Based on K-IFRS consolidated financial statements

*	3Q2015 total cash dividends amount is the amount of interim dividends

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

II.

Business Overview

1.	Results of Operations


As of September 30, 2015				(unit: in 100 millions of Won)


Type	3Q 2015		3Q 2014		2014		2013
Operating income		9,686		9,663		8,977		2,396
Non-operating income		2,893		1,637		1,871		1,753
Non-operating expenses		1,680		1,588		2,505		1,272
Ordinary profits		10,899		9,712		8,344		2,877
Income from continuing operations before income tax		10,899		9,712		8,344		2,877
Income tax expense from continuing operations		2,360		2,731		2,882		351
Income from discontinued operations		0		6,618		6,618		(9,660	)
Net income		8,539		13,599		12,080		(7,134	)

*	Based on K- IFRS consolidated financial statements

*	1H 2014 and 2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

2.	Business Performance by Operation

a.	Deposit Services


As of September 30, 2015				(unit: in millions of Won)


Type		3Q 2015			2014			2013
Deposits received in local currency	Demand deposits		9,282,368			10,090,773			11,690,841
	Money trusts		1,281,845			1,281,539			1,236,844
	Fixed deposits		172,538,628			161,697,250			146,131,999
	Mutual funds		42,149			46,072			53,189
	CDs		1,980,522			740,090			3,297,551
	Other deposits received		907,924			762,896			690,908
Deposits received in foreign currencies			18,583,946			13,902,989			12,264,621
Present value discount			(15,630	)		(5,143	)		(42,309	)
Total			204,601,751			188,516,465			175,323,644

*	Based on K- IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

b.	Loan Services

(a)

Balances of Loans by Type

As of September 30, 2015

(unit: in millions of Won)


Type	3Q 2015		2014		2013
Loans in local currency		183,179,873		167,261,591		156,027,839
Loans in foreign currencies		19,387,447		16,993,065		14,955,260
Guarantee payments		61,044		52,619		54,645
Total		202,628,365		184,307,275		171,037,744

*	Based on K- IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

(b)

Loans by Purpose of Funds

As of September 30, 2015

(unit: in millions of Won)


Type		3Q 2015		2014		2013
Corporate loans	Working capital loans		52,221,154		48,919,570		50,451,576
	Facilities loans		32,482,298		28,475,804		25,435,589
Household loans			50,868,156		50,392,130		50,803,009
Public and other loans	Working capital loans		2,350,699		3,894,210		3,896,531
	Facilities loans		1,791,448		1,767,074		1,809,958
Mortgage loans			42,504,538		32,652,798		22,341,149
Inter-bank loans			875,280		1,080,971		1,227,289
Other loans			86,300		79,032		62,738
Total			183,179,873		167,261,591		156,027,839

*	Balance of loans in local currency based on K- IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

(c)

Loan-to-deposit ratio

(unit: in 100 millions of Won, %)


Type	3Q 2015		2014		2013
Loans in local currency		1,808,384		1,684,250		1,562,184
Deposits received in local currency (excluding CDs)		1,805,230		1,728,557		1,574,741
Ratio		98.33		97.13		99.20

*	Loan-to-deposit ratio 2013= Average monthly balance of loans in local currency / Average monthly balance of deposits received in local currency (excluding CDs).

*	Loan-to-deposit ratio 2014 & 2015 = (Average balance of loans in local currency – Average balance of policy loans) / (Average balance of deposits received in local currency (excluding CDs) + Covered bonds issued with over 5 year maturities)

c.	Guarantees

As of September 30, 2015

(unit: in millions of Won)


Type	3Q 2015		2014		2013
Confirmed guarantees		9,761,364		9,274,450		9,806,803
Unconfirmed guarantees		7,679,783		6,539,629		7,546,192
Commercial paper purchase commitments and others		1,703,853		2,213,840		5,447,858
Total		19,145,000		18,027,919		22,800,853

*	Based on K- IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

d.	Securities Investment

As of September 30, 2015

(unit: in millions of Won)


Type	3Q 2015		2014		2013
Securities at fair value through profit or loss		2,445,728		2,428,897		2,612,467
Available-for-sale financial assets		18,303,702		18,810,845		17,085,448
Held-to-maturity financial assets		14,004,706		13,044,448		12,038,820
Investments in associates		664,468		648,436		617,570
Total		35,418,604		34,932,626		32,354,305

*	Based on K- IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

e.	Trust Business

As of September 30, 2015

(unit: in millions of Won)


Type	3Q 2015				2014				2013
Type	Trust Funds		Trust Fees		Trust Funds		Trust Fees		Trust Funds		Trust Fees
Money trust		24,148,478		23,200		19,551,616		40,748		17,155,494		35,401
Property trust		9,058,731		347		10,355,167		1,066		9,853,775		790
Total		33,207,209		23,547		29,906,783		41,814		27,009,269		36,191

*	Trust funds indicate average balances.

3.	Funding Sources and Use of Funds

a.	Sources of Funds

[Bank Accounts]

(Unit: in millions of Won, %)


Classification	Funding Source	3Q 2015						2014						2013
Classification	Funding Source	Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion		Average Balance		Interest Rate		Proportion
Local currency funds	Deposits received in local currency		167,744,242		1.76		64.69		157,994,039		2.22		66.89		146,162,283		2.51		65.13
	Certificates of deposit		1,707,422		1.97		0.66		1,983,619		2.71		0.84		2,316,413		2.80		1.03
	Borrowings in local currency		6,597,075		1.83		2.54		5,675,238		2.31		2.40		4,696,737		2.28		2.09
	Call money in local currency		1,299,871		1.68		0.50		984,378		2.28		0.42		1,207,035		2.56		0.54
	Others		19,217,362		3.03		7.41		15,925,666		3.69		6.74		15,394,073		4.20		6.86
	Subtotal		196,565,972		1.89		75.81		182,562,940		2.36		77.29		169,776,541		2.66		75.65
Foreign currency funds	Deposits received in foreign currencies		10,800,759		0.45		4.17		7,973,812		0.44		3.38		7,280,806		0.49		3.24
	Borrowings in foreign currencies		9,070,348		0.50		3.50		6,357,072		0.50		2.69		7,477,963		0.66		3.33
	Call money in foreign currencies		1,140,153		0.51		0.44		1,242,371		0.54		0.53		449,726		0.77		0.20
	Debentures in foreign currencies		5,023,455		2.72		1.94		5,559,305		3.51		2.35		5,252,757		4.01		2.34
	Others		667,021		0.72		0.26		918,010		1.03		0.39		1,231,130		1.47		0.55
	Subtotal		26,701,737		0.90		10.30		22,050,569		1.26		9.34		21,692,382		1.46		9.67
Other	Total capital		18,302,243		—		7.06		18,225,902				7.72		18,391,558				8.20
	Provisions		660,742		—		0.25		594,945				0.25		654,036				0.29
	Others		17,058,168		—		6.58		12,779,094				5.41		13,908,781				6.20
	Subtotal		36,021,153		—		13.89		31,599,941				13.38		32,954,375				14.68
Total			259,288,862		1.52		100.00		236,213,449		1.94		100.00		224,423,298		2.15		100.00

*	Based on K-IFRS separate financial statements

[Trust Accounts]

(Unit: in millions of Won, %)


Type	Funding Source	3Q 2015						2014						2013
Type	Funding Source	Average Balance		Interest Rate		Share		Average Balance		Interest Rate		Share		Average Balance		Interest Rate		Share
Cost	Money trusts		24,148,478		1.96		72.48		19,551,616		2.50		65.18		17,155,494		2.83		63.35
	Borrowings		—		—		—		—		—		—		—		—		—
	Subtotal		24,148,478		1.96		72.48		19,551,616		2.50		65.18		17,155,494		2.83		63.35
Non-cost	Property trusts		9,058,731				27.19		10,355,167		—		34.52		9,853,775		—		36.38
	Special reserves		37,989				0.11		37,195		—		0.12		37,167		—		0.14
	Other		70,923				0.21		50,659		—		0.17		35,487		—		0.13
	Subtotal		9,167,643				27.52		10,443,021		—		34.82		9,926,429		—		36.65
Total			33,316,121				100.00		29,994,637				100.00		27,081,923				100.00

b.	Fund Management Performance

[Bank Accounts]

(Unit: in millions of Won, %)


Type	Managed Item	3Q 2015								2014								2013
Type	Managed Item	Average Balance			Interest Rate		Share			Average Balance			Interest Rate		Share			Average Balance			Interest Rate		Share
Funds in local currency	Deposits in local currency		2,959,613			1.76		1.14			2,670,185			2.37		1.13			2,913,038			2.59		1.30
	Marketable securities in local currency		32,974,932			2.87		12.72			31,496,840			3.40		13.33			30,285,861			3.17		13.50
	Loans in local currency		173,880,872			3.49		67.06			161,296,709			4.18		68.28			149,019,789			4.62		66.40
	Guarantee payments		60,012			1.72		0.02			69,099			4.27		0.03			140,958			3.06		0.06
	Call loans in local currency		1,891,452			1.69		0.73			2,186,891			2.32		0.93			2,037,985			2.62		0.91
	Private placed ponds		290,108			5.92		0.11			470,988			4.12		0.20			595,478			8.00		0.26
	Credit card receivables		—			—		0.00			6					0.00			1,024,468			21.67		0.46
	Other		4,458,896			2.64		1.72			3,967,556			3.50		1.68			3,992,330			3.86		1.78
	Bad debt expense in local currency (-)		(2,499,126	)		—		(0.96	)		(3,073,009	)				(1.30	)		(3,202,673	)		—		(1.43	)
	Subtotal		214,016,759			3.38		82.54			199,085,264			4.06		84.28			186,807,234			4.50		83.24
Funds in foreign currencies	Deposits in foreign currencies		2,535,564			0.29		0.98			2,044,084			0.47		0.87			1,452,047			0.33		0.65
	Marketable securities in foreign currencies		1,336,049			0.83		0.52			1,073,932			0.85		0.45			972,378			2.85		0.43
	Loans in foreign currencies		14,286,422			1.61		5.51			12,364,024			1.71		5.23			12,393,208			2.13		5.52
	Call loans in foreign currencies		1,764,279			0.62		0.68			1,347,232			0.94		0.57			1,688,820			0.76		0.75
	Bills bought		6,841,138			1.39		2.64			5,425,038			1.40		2.30			5,054,080			1.66		2.25
	Other		21,638			5.89		0.01			19,509			6.36		0.01			39,732			7.55		0.02
	Bad debt expense in foreign currencies (-)		(189,581	)		—		(0.07	)		(239,896	)				(0.10	)		(300,758	)		—		(0.13	)
	Subtotal		26,595,508			1.34		10.26			22,033,923			1.46		9.33			21,299,507			1.86		9.49
Other	Cash		1,117,162			—		0.43			1,076,521					0.46			993,256					0.44
	Property and equipment for business purposes		2,326,245			—		0.90			2,358,135					1.00			2,367,010					1.06
	Other		15,233,187			—		5.87			11,659,606					4.94			12,956,291					5.77
	Subtotal		18,676,594			—		7.20			15,094,262					6.39			16,316,557					7.27
Total			259,288,862			2.93		100.00			236,213,449			3.56		100.00			224,423,298			3.92		100.00

*	Based on K-IFRS separate financial statements

[Trust Accounts]

(Unit: in millions of Won, %)


Type	Managed Item	3Q 2015								2014								2013
Type	Managed Item	Average Balance			Interest Rate			Share		Average Balance			Interest Rate		Share			Average Balance			Interest Rate		Share
Profit	Loans		18,916			3.56			0.06		24,201			3.61		0.08			43,964			6.77		0.16
	Securities		3,427,425			(1.63	)		10.29		3,189,405			3.34		10.63			2,813,363			2.11		10.39
	Other		21,415,141			2.07			64.28		17,055,060			3.61		56.86			14,799,716			3.17		54.64
	Reserves for bond ratings (-)		(75	)		—			0.00		(101	)		0.00		(0.00	)		(122	)		—		(0.00	)
	Present value discount (-)		(442	)		—			0.00		(663	)		0.00		(0.00	)		(959	)		—		(0.00	)
	Subtotal		24,860,965			1.56			74.62		20,267,903			3.57		67.57			17,655,962			3.01		65.19
Non-profit	Subtotal		8,455,156						25.38		9,726,735					32.43			9,425,961					34.81
Total			33,316,121						100.00		29,994,637					100.00			27,081,923					100.00

4.	Other Information Necessary for Making Investment Decisions

a.	Selected Ratios

BIS Capital Adequacy Ratios

(unit: in 100 millions of Won)


Type	3Q 2015		2014		2013
Equity capital (A)		212,470		208,577		261,388
Risk weighted assets (B)		1,588,504		1,463,230		2,009,778
Capital adequacy ratio (A/B)		13.38		14.25		13.01

*	Based on Basel III standards

*	Based on K-IFRS consolidated financial statements

*	2013 figures were revised to conform to the consolidated financial statements of Woori Finance Holdings (to reflect the accounting effect of the merger of Woori Finance Holdings with and into Woori Bank in 2014).

Liquidity Ratios

(unit: %)

Type

3Q 2015

2014

2013

Liquidity coverage ratio/local currency liquidity ratio (**)

96.88

123.10

120.75

Foreign currency liquidity ratio

Before application of weight of securitization

129.58

130.29

133.55

After application of weight of securitization

119.96

121.29

125.86

Ratio of business purpose premises and equipment

14.19

14.57

14.73

*	Based on K-IFRS separate financial statements

**	3Q 2015: Liquidity coverage ratio based on K-IFRS consolidated financial statements, 2013 and 2014 : Local currency liquidity ratio based on K-IFRS separate financial statements

b.	Asset Quality

(unit: in 100 millions of Won)


Type		3Q 2015			2014			2013
Total loans	Total		2,117,666			1,919,086			1,791,750
	Corporate		1,228,833			1,124,815			1,083,582
	Household		888,833			794,271			708,168
Sub-standard and below loans Sub-standard and below loan ratio	Total		34,985			40,216			53,592
	Total		1.65	%		2.10	%		2.99	%
	Corporate		31,444			35,482			49,054
	Corporate		2.56	%		3.15	%		4.53	%
	Household		3,541			4,734			4,538
	Household		0.40	%		0.60	%		0.64	%
Delinquency ratio	Based on total loans (after seasonal adjustment)		0.83	%		0.88	%		1.14	%
	Based on total loans (after seasonal adjustment)		(0.80	%)		(1.02	%)		(1.41	%)
	Based on corporate loans(after seasonal adjustment)		1.16	%		1.23	%		1.50	%
	Based on corporate loans(after seasonal adjustment)		(1.31	%)		(1.48	%)		(1.97	%)
	Based on household loans(after seasonal adjustment)		0.45	%		0.65	%		0.90	%
	Based on household loans(after seasonal adjustment)		(0.45	%)		(0.76	%)		(1.10	%)

*	Based on K-IFRS separate financial statements

*	Credit card receivables were transferred to Woori Card due to the spin off of the credit card business segment (spin off date: April 1, 2013).

c.	Recent Developments

On November 1, 2014, the Bank merged with its holding company, Woori Finance Holdings, according to the resolution of the board of directors on July 28, 2014, to maximize the possibility of a successful privatization. New shares of the Bank, the surviving entity, were allotted and delivered to the shareholders of Woori Finance Holdings based on a 1:1.00000000 ratio.

Upon the consummation of the merger, 596,690,380 shares of the Bank were cancelled and 676,278,371 new shares were issued.

The major terms of the Merger are as follows:


Item	Details
Method of Merger	Merger of parent company with and into wholly-owned subsidiary
Merging entities	Woori Bank (surviving entity)
Merging entities	Woori Finance Holdings (non-surviving entity)
New shares issued in Merger	676,278,371 common shares
Schedule of the Merger	Date of the Merger	November 1, 2014
	Date of registration of Merger	November 3, 2014
	Delivery of share certificates	November 18, 2014
	Date of new listing of shares	November 19, 2014

III.

Financial Information

1.	Condensed Financial Statements (Consolidated)

Summary Consolidated Statement of Financial Position

(The Bank and its Consolidated Subsidiaries)

(unit: in millions of Won)


Classification	3Q 2015			2014			2013
ASSETS
Cash and cash equivalents		7,207,639			5,962,861			5,477,649
Financial assets at fair value through profit or loss		5,718,541			4,554,180			4,806,197
Available-for-sale financial assets		18,303,702			18,810,845			17,085,448
Held-to-maturity financial assets		14,004,706			13,044,448			12,038,820
Loans and receivables		247,296,307			223,370,135			211,912,373
Investments in joint ventures and associates		664,468			648,436			617,570
Investment properties		356,508			357,550			340,620
Premises and equipment		2,466,565			2,501,102			2,536,441
Intangible assets and goodwill		415,348			295,728			268,926
Assets held for sale		11,583			8,013			587
Current tax assets		32,046			4,845			143,101
Deferred tax assets		102,315			257,858			155,256
Derivative assets		316,925			196,061			131,410
Other assets		217,883			145,157			178,886
Disposal group held for sale		—			—			34,684,805
Disposal group held for distribution to owners		—			—			50,312,293
Total assets		297,114,536			270,157,219			340,690,382
LIABILITIES
Financial liabilities at fair value through profit or loss		4,413,928			2,675,354			2,507,248
Deposits due to customers		204,601,751			188,516,465			175,323,644
Borrowings		21,346,068			17,707,595			18,231,511
Debentures		23,724,349			24,795,904			21,677,674
Provisions		585,105			692,009			684,799
Net defined benefit liability		85,051			75,591			71,602
Current tax liabilities		23,293			298,762			9,980
Deferred tax liabilities		18,370			21,757			49,105
Derivative liabilities		—			—			1,785
Other financial liabilities		22,830,706			16,889,687			19,914,947
Other liabilities		318,347			390,670			411,278
Liabilities directly associated with disposal group held for sale		—			—			32,047,626
Liabilities directly associated with disposal group held for distribution to owners		—			—			46,882,414
Total liabilities		277,946,968			252,063,794			317,813,613
EQUITY
Owners’ equity:		19,052,305			17,983,501			17,847,633
Capital stock		3,381,392			3,381,392			4,030,077
Hybrid securities		3,334,002			2,538,823			498,407
Capital surplus		294,259			291,066			176,502
Other equity		(1,516,747	)		(2,393,138	)		(35,367	)
Retained earnings		13,559,399			14,165,358			13,112,690
Equity directly associated with disposal group held for sale		—			—			29,820
Equity directly associated with disposal group held for distribution to owners		—			—			35,504
Non-controlling interests		115,263			109,924			5,029,136
Total equity		19,167,568			18,093,425			22,876,769
Total liabilities and equity		297,114,536			270,157,219			340,690,382
Number of Consolidated Subsidiaries		71			78			173

*	2013 figures are from the FY 2013 consolidated financial statements of Woori Finance Holdings as there was no change in the merged entity on a consolidated basis.

Summary Consolidated Statement of Comprehensive Income

(The Bank and its Consolidated Subsidiaries)

(unit: in millions of Won, except per share amounts)


Classification	3Q 2015			3Q 2014			2014			2013
OPERATING INCOME:		968,573			966,259			897,708			239,567
Net interest income		3,517,680			3,326,544			4,493,018			4,492,022
Net fees and commissions income		745,151			689,891			917,015			926,501
Dividend income		90,973			86,580			96,812			87,641
Gain on financial instruments at fair value through profit or loss		151,641			106,819			189,912			123,900
Gain on available-for-sale financial assets		(44,646	)		1,869			(68,924	)		(85,242	)
Impairment losses due to credit loss		(925,691	)		(637,327	)		(1,096,940	)		(2,277,260	)
General and administrative expenses		(2,285,654	)		(2,157,065	)		(2,958,919	)		(2,902,172	)
Other net operating income (expenses)		(280,881	)		(451,052	)		(674,266	)		(125,823	)
Non-operating income		121,304			4,983			(63,313	)		48,100
Net income before income tax expense from continuing operations		1,089,877			971,242			834,395			287,667
Income tax expense from continuing operations		235,983			273,108			288,195			35,096
Net income from continuing operations		853,894			698,134			546,200			252,571
Net income from discontinued operations		—			661,768			661,769			(966,006	)
Net income		853,894			1,359,902			1,207,969			(713,435	)
Net income attributable to owners		840,150			1,376,987			1,213,980			(537,688	)
Profit from continuing operations		840,150			598,296			435,289			162,011
Profit from discontinued operations		—			778,691			778,691			(699,699	)
Net income attributable to the non-controlling interests		13,744			(17,085	)		(6,011	)		(175,747	)
Profit from continuing operations		13,744			99,837			110,911			90,560
Profit from discontinued operations		—			(116,922	)		(116,922	)		(266,307	)
Other comprehensive income (loss), net of tax		61,500			(149,020	)		(107,597	)		(110,347	)
Items that will not be reclassified to profit or loss		(52,029	)		(45,522	)		(51,650	)		9,217
Items that may be reclassified to profit or loss		113,529			(103,498	)		(55,947	)		(119,564	)
Total comprehensive income		915,394			1,210,882			1,100,372			(823,782	)
Comprehensive income attributable to the owners		909,901			1,312,506			1,192,191			(623,695	)
Comprehensive income attributable to non-controlling interests		5,493			(101,624	)		(91,819	)		(200,087	)
NET INCOME PER SHARE:
Continuing and discontinued operations
Basic earnings per common share		1,048			1,848			1,621			(704	)
Diluted earnings per common share		1,048			1,848			1,621			(704	)
Continuing operations
Basic earnings per common share		1,048			786			536			165
Diluted earnings per common share		1,048			786			536			165

*	3Q 2014 and 2013 figures are from the 3Q 2014 and FY 2013 consolidated financial statements of Woori Finance Holdings as there was no change in the merged entity on a consolidated basis.

2.	Condensed Financial Statements (Separate)

Summary Statement of Financial Position

(The Bank)

(unit: in millions of Won)


Classification	3Q 2015		2014			2013
ASSETS
Cash and cash equivalents		6,047,114		4,668,916			4,694,201
Financial assets at fair value through profit or loss		4,239,680		3,097,309			3,353,936
Available-for-sale financial assets		16,948,935		17,791,224			16,499,175
Held-to-maturity financial assets		13,883,201		12,989,894			12,016,870
Loans and receivables		232,703,929		210,640,380			201,836,689
Investments in subsidiaries and associates		3,708,785		3,619,036			2,109,453
Investment properties		349,864		350,785			333,693
Premises and equipment		2,337,983		2,348,450			2,353,831
Intangible assets		188,351		43,186			69,994
Assets held for sale		11,583		6,837			587
Current tax assets		25,096		1,058			134,691
Deferred tax assets		62,297		193,453			—
Derivative assets		316,925		196,061			131,410
Other assets		188,877		124,712			151,636
Total assets		281,012,620		256,071,301			243,686,166
LIABILITIES
Financial liabilities at fair value through profit or loss		4,404,115		2,670,358			2,630,421
Deposits due to customers		196,770,154		181,288,444			169,870,194
Borrowings		19,847,789		16,139,529			16,711,669
Debentures		19,355,932		20,998,041			16,035,967
Provisions		557,445		667,286			641,459
Net defined benefit liability		35,665		43,381			36,577
Current tax liabilities		—		261,228			8,552
Deferred tax liabilities		—		—			35,108
Derivative liabilities		—		—			1,785
Other financial liabilities		21,100,353		15,857,059			19,162,494
Other liabilities		176,886		289,570			297,895
Total liabilities		262,248,339		238,214,896			225,432,121
EQUITY
Capital stock		3,381,392		3,381,392			2,983,452
Hybrid securities		3,334,002		2,538,823			2,380,797
Capital surplus		269,533		269,533			732,538
Other equity		147,524		(695,522	)		143,825
Retained earnings		11,631,830		12,362,179			12,013,433
Total equity		18,764,281		17,856,405			18,254,045
Total liabilities and equity		281,012,620		256,071,301			243,686,166

Summary Statement of Comprehensive Income

(The Bank)

(unit: in millions of Won, except per share amounts)


Classification	3Q 2015			3Q 2014			2014			2013
OPERATING INCOME:		744,170			957,971			870,894			344,923
Net interest income		3,003,024			3,060,134			4,090,778			4,190,476
Net fees and commissions income		648,242			600,142			795,292			789,881
Dividend income		127,581			128,045			183,452			83,202
Gain on financial instruments at fair value through profit or loss		132,945			86,633			169,537			148,476
Gain on available-for-sale financial assets		(45,555	)		(16,723	)		(92,379	)		(61,525	)
Impairment losses due to credit loss		(792,515	)		(513,078	)		(928,492	)		(2,084,365	)
General and administrative expenses		(2,065,927	)		(1,923,619	)		(2,655,157	)		(2,551,622	)
Other net non operating income (expenses)		(263,625	)		(463,563	)		(692,137	)		(169,600	)
Non-operating income		142,439			27,866			(27,915	)		93,627
Net income before income tax expense		886,609			985,837			842,979			438,550
Income tax expense		170,849			239,121			196,681			73,693
Net income from continuing operations		715,760			746,716			646,298			364,857
Net income from discontinued operations		—			—			—			29,476
Net income		715,760			746,716			646,298			394,333
Other comprehensive income (loss), net of tax		36,406			(2,501	)		4,887			11,575
Items that will not be reclassified to profit or loss		(50,681	)		(51,568	)		(58,468	)		6,671
Items that may be reclassified to profit or loss		87,087			49,067			63,355			4,904
Total comprehensive income		752,166			744,215			651,185			405,908
NET INCOME PER SHARE:
Continuing and discontinued operations
Basic earnings per common share		864			1,087			842			423
Diluted earnings per common share		864			1,087			842			405
Continuing operations
Basic earnings per common share		864			1,087			842			374
Diluted earnings per common share		864			1,087			842			358

IV.

Independent Auditor’s Opinion

1.	Independent Auditor’s Opinion


	3Q 2015	2014	2013
Auditor	Deloitte Anjin LLC	Deloitte Anjin LLC	Deloitte Anjin LLC
Auditor’s Opinion	(1)	Unqualified Opinion	Unqualified Opinion

(1)

In its review report attached to this report, Deloitte Anjin LLC has stated that nothing had come to their attention that caused them to believe that the accompanying consolidated and separate interim financial statements of the Bank are not presented fairly in all material respects, in accordance with Korean IFRS.

2.	Compensation to the Independent Auditor for the Past Three Years

a.	Audit Services

(units: in millions of Won, hours)


Term	Auditor	Description	Fee	Total Time
3Q 2015	Deloitte Anjin LLC	Closing audit	KRW 1,516 million	—
		Interim audit (including internal accounting management system)		—
		3Q review		3,785 hours
		1H review		3,836 hours
		1Q review		3,778 hours
2014	Deloitte Anjin LLC	Closing audit	KRW 1,280 million	7,681 hours
		Interim audit (including internal accounting management system)		4,160 hours
		3Q review		3,450 hours
		1H review		3,256 hours
		1Q review		3,143 hours
2013	Deloitte Anjin LLC	Closing audit	KRW 1,280 million	6,446 hours
		Interim audit (including internal accounting management system)		4,087 hours
		3Q review		3,397 hours
		1H review		3,066 hours
		1Q review		3,066 hours

b.	Non-Audit Services


Term	Date of Execution of Agreement	Description of Service	Service Term	Fees
3Q 2015	5.14.2014	Review of Japanese F/S related to Samurai bonds	5.2015 and 9.2015	KRW 74 million
	5.14.2014	Issuance of GMTN-related comfort letter	5.2015	USD 110,000
	4.03.2015	Tax adjustment	Each quarter and end of term	KRW 110 million
	1.05.2015	Issuance of GMTN-related comfort letter	1.2015	USD 60,000
2014	9.30.2014	Review of Japanese F/S related to Samurai bonds	9.2014	KRW 28 million
	4.30.2014	Tax adjustment	Each quarter and end of term	KRW 105 million
	4.17.2014	Issuance of GMTN-related comfort letter	4~5.2014	USD 110,000
2013	8.30.2013	GMTN update and issuance	9.2013	KRW 146 million
	8.30.2013	Samurai bond update	9.2013	KRW 28 million
	3.31.2013	Tax adjustment	Each quarter and end of term	KRW 110 million
	1.30.2013	Samurai bond-related comfort letter	1.2013	KRW 128 million

V.	Corporate Governance and Affiliated Companies

1.	About the Board of Directors

Composition of the Board of Directors

The board of directors consists of standing directors, outside directors and non-standing directors.

Committees under the Board of Directors

We currently have the following management committees serving under the board of directors:

(a)

Board of Directors Management Committee

(b)

Risk Management Committee

(c)

Compensation Committee

(d)

Committee for Recommending Audit Committee Member Candidates

(e)

Committee for Recommending Outside Director Candidates

(f)

Audit Committee

As of September 30, 2015


Name of Committee	Composition	Names of Members

Board of directors management committee	One standing director, Six outside directors One non-standing director	Kwang-Goo Lee (standing director) Il-Hwa Hong (outside director) Hesuk Chun (outside director) Han-Gi Jung (outside director) Sang-Keun Oh (outside director) Kang-Shik Choi (outside director) Sungsoo Koh (outside director) Joon-Ki Kim (non-standing director)

Risk management committee	One standing director, Three outside directors One non-standing director	Dong-Gun Lee (standing director) Han-Gi Jung (outside director) Il-Hwa Hong (outside director) Sang-Keun Oh (outside director) Joon-Ki Kim (non-standing director))

Compensation committee	Five outside directors	Il-Hwa Hong (outside director) Hesuk Chun (outside director) Sang-Keun Oh (outside director) Kang-Shik Choi (outside director) Sungsoo Koh (outside director)

Committee for recommending audit committee member candidates	Six outside directors	Il-Hwa Hong (outside director) Hesuk Chun (outside director) Han-Gi Jung (outside director) Sang-Keun Oh (outside director) Kang-Shik Choi (outside director) Sungsoo Koh (outside director)

Committee for recommending outside director candidates	One standing director Six outside directors One non-standing director	Kwang-Goo Lee (standing director) Il-Hwa Hong (outside director) Hesuk Chun (outside director) Han-Gi Jung (outside director) Sang-Keun Oh (outside director) Kang-Shik Choi (outside director) Sungsoo Koh (outside director) Joon-Ki Kim (non-standing director)

Audit Committee	Three outside directors One standing director,	Kang-Shik Choi (outside director) Hesuk Chun (outside director) Sungsoo Koh (outside director) Soo-Kyung Chung (standing director)

2.	Affiliated Companies (as of September 30, 2015)

LOGO

VI.

Shareholder Information

1.	Share Distribution

a.	Share Information of the Largest Shareholder and Specially Related Parties

As of September 30, 2015

(units: shares, %)


Name	Relation	Type	Shares Held								Notes
			Beginning balance				Ending balance
			Stock		Share		Stock		Share
Korea Deposit Insurance Corporation	Largest S/H	Common		345,142,556		51.04		345,142,556		51.04
Total		Common		345,142,556		51.04		345,142,556		51.04
Total		Others	—		—		—		—

Changes in the largest shareholder

As of September 30, 2015

(units: shares, %)

Change of Date

Largest Shareholder

Stock Held

Notes

January 1, 2014

Woori Finance Holdings

596,690,380

100.00

November 1, 2014

Korea Deposit Insurance Corporation

385,285,578

56.79

Merger date of Woori
Finance Holdings
and Woori Bank

December 8, 2014

Korea Deposit Insurance Corporation

345,142,556

51.04

Sale of stake

b.	Share Ownership of More Than 5%

As of September 30, 2015

(units: shares, %)

No.

Name

Shares

Notes

No. of shares

Percentage of shareholding

Korea Deposit Insurance Corporation

345,142,556

51.04

Employee Stock Ownership Association

29,057,764

4.30

2.	Stock Price and Stock Market Performance

a.	Domestic Stock Market

(units: Won, shares)


Period		April 2015		May 2015		June 2015		July 2015		August 2015		September 2015
Common Stock	High		11,200		11,200		10,400		9,740		9,580		9,520
	Low		9,140		10,300		9,540		8,920		8,840		8,920
	Average		10,164		10,661		9,997		9,283		9,268		9,228
Monthly Trade Volume	High		18,368,018		4,013,501		4,193,940		8,569,393		3,248,505		2,775,893
	Low		880,361		1,208,827		882,351		1,355,961		667,076		714,900
	Monthly Total		111,456,349		38,381,943		50,971,586		59,561,431		37,075,100		27,385,318

*	Source: KRX KOSPI Market

*	Share prices are based on closing prices.

b.	Foreign Stock Market (NYSE)

(units: US Dollars, ADRs)


Period		April 2015		May 2015		June 2015		July 2015		August 2015		September 2015
ADR	High		31.32		31.09		28.00		26.01		24.91		24.69
	Low		25.35		28		26.07		22.73		22.03		22.08
	Average		28.28		29.29		27.05		24.18		23.62		23.28
Won Conversion	High		33,794		33,251		31,206		29,092		29,003		29,193
	Low		27,530		30,755		28,935		26,419		26,260		26,222
	Average		30,784		31,968		30,085		27,645		27,851		27,581
Monthly Trade Volume	High		29,400		17,300		72,300		82,100		23,500		50,500
	Low		400		500		600		200		500		700
	Monthly Total		129,000		81,200		203,200		140,900		118,500		105,800

*	Source: standard trading rate (daily and monthly average) (Seoul Money Brokerage, www.smbs.biz)

*	One ADR represents three common shares.

*	Share prices are based on closing prices.

VII.

Directors and Employee Information

1.	Directors

As of September 30, 2015


Position		Name	Common Stock Owned	Expiration of Term
President	Registered	Kwang-Goo Lee	21,251	December 30, 2016
Deputy President	Registered	Dong-Gun Lee	10,000	December 30, 2015
Standing Member of Audit Committee	Registered	Soo-Kyung Chung	—	December 30, 2016
Outside Director	Registered	Il-Hwa Hong	—	Note 1)
Outside Director	Registered	Hesuk Chun	—
Outside Director	Registered	Han-Gi Jung	—
Outside Director	Registered	Sang-Keun Oh	—
Outside Director	Registered	Kang-Shik Choi	—
Outside Director	Registered	Sungsoo Koh	—
Non-standing Director	Registered	Joon-Ki Kim	—
Executive Vice President	Non-Registered	Seung-Gyu Kim	18,943	October 31, 2015
Executive Vice President	Non-Registered	Ki-Hyung Kwon	14,472	December 9, 2015
Executive Vice President	Non-Registered	Ki-Myoung Nam	8,049	December 9, 2015
Executive Vice President	Non-Registered	Won-Jai Jeong	17,683	June 13, 2016
Executive Vice President	Non-Registered	Woo Seok Chae	27,967	September 3, 2016
Executive Vice President	Non-Registered	Ki-Suk Park	13,258	December 8, 2015
Executive Vice President	Non-Registered	Ok-Joung Kim	18,049	December 8, 2015
Executive Vice President	Non-Registered	Jum-Seung Yoo	18,943	June 13, 2016
Executive Vice President	Non-Registered	Jong-Won Kim	13,866	December 8, 2015
Executive Vice President	Non-Registered	Tae-Seung Sohn	12,296	March 19, 2016
Executive Vice President	Non-Registered	Dong-Bin Lee	17,153	March 19, 2016

Note 1) End of Term

- Date of the 2016 annual general meeting of shareholders : Sang-Keun Oh, Kang-Shik Choi

- Date of the 2017 annual general meeting of shareholders : Il-Hwa Hong, Hesuk Chun, Han-Gi Jung, Sungsoo Koh, Joon-Ki Kim

Note 2) On November 3, 2015, Non-standing Director Joon-Li Kim resigned for personal reasons

Note 3) The term of Seung-Gyu Kim was changed to March 31, 2016

2.	Employee Status

As of September 30, 2015

(units: persons, millions of Won)

Staff

Average
Tenure
Years

Cumulative
Compensation

Average
Compensation
Per Person

Note

Regular

Contract

Others

Total

15,090

560

—

15,650

16.7

989,068

*	Average years of continuous service excludes contract employees and locally hired employees overseas.

*	Excludes management salaries (sales center head or higher) and overseas salaries.

3.	Directors’ Compensation

As of September 30, 2015

(units: persons, millions of Won)


Items	Number of Persons		Total Compensation		Average Compensation Per Director		Note
Registered Directors		2		820		410
Outside Directors		4		122		30
Audit Committee Members		6		339		56

*	There is no compensation paid to the non-standing director from the KDIC, who has been excluded from the number of persons

*	Number of persons : includes the outside directors and audit committee members that resigned in 2015 (as of September 30, 2015, there are two registered directors, three outside directors and four members of the Audit Committee/auditors)

*	Total compensation : cumulative amount paid from January to September of 2015

VIII.

Related Party Transactions

Extensions of Credit to Major Shareholders, Etc.

As of September 30, 2015

(unit: millions of Won)

Name

Item

Current
Balance

Origination
Date

Maturity
Date

Korea Deposit Insurance Corporation

Loans

250,000

March 5,2015

August 29, 2016

Loans

500,000

August 29, 2014

August 29, 2016

Bonds

560,000

September 29, 2010, etc.

January 22, 2018, etc.

Bonds

30,000

April 29, 2014, etc.

July 8, 2017, etc.

Woori Investment Bank

Loans

25,000

July 3, 2014

June 30, 2016

CMA

50,000

September 24, 2015

June 30, 2016

Woori Card

Loans

250,000

March 3, 2015

March.3, 2016

Woori P&S

Loans

13,834

March 7, 2011

March 8, 2021

Loans

3,000

June 13, 2014

December 15, 2015

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: November 16, 2015	By:	/s/ Seung-Gyu Kim
		(Signature)
		Name: Seung-Gyu Kim
		Title: Executive Vice President