"Once converted to a holding firm structure, Woori Bank will be able to invest a wide range of profitable businesses, including securities, asset management and real estate trust, which could raise the company's value," the lender said.
According to Group Chairman Datuk Seri Nazir Razak, the growth would be driven by all its business segments, particularly from consumer banking and wholesale on the corporate side.
In an announcement earlier this week, London-listed lender CYBG, which was spun off from NAB, said it would raise its half-year provisions to cover costs related to an earlier insurance industry scandal.
The new CEO has had an extremely busy few months, holding a series of meetings with institutional investors in Australia and overseas, and visiting CBA operations in Hong Kong and South Africa.
QNB, the largest bank by assets in the Middle East and Africa, is active in Egypt and Turkey and has made forays into Singapore, Vietnam, Myanmar, India, Indonesia and China.