Busan Bank(CEO Lee, Jang Ho) held the Board of the Directors' Meeting on January 23, 2008 and confirmed 2007 financial results.

Despite the global economic downturns due to subprime mortgage collapse and money movement in retail sector, Busan Bank grew assets by 19% during the year. With stable margin and solid asset quality, the net income recorded historical high of 270.7billion won, up by 47% yoy. 

This outstanding performance is mostly due to strong interest income, but moreover, it is the result of successful diversification of income sources and expansion of business area. 

As the bank's core strength comes from its concentration on it's regional market, providing the most customized and friendly services, its strategy is centered around establishing a "Super-regional Financial Group." Toward this goal, the bank has developed and obtained approval from the BOD meeting on the mid-to-long term strategic plan, focusing on enhancing competitiveness by increasing financial support to the regional corporates, finding out alternative income sources, and ally with other financial institutions if necessary. 

Along with such strategic movement, 2008 financial guideline was set up with asset growth of 8% and net income growth of 11.9%.

Cash dividend per share approved by the BOD was 570 korean won, which will be finalized in the shareholders' meeting in late March, 2008.

Despite the global economic downturns due to subprime mortgage collapse and money movement in retail sector, Busan Bank grew assets by 19% during the year. With stable margin and solid asset quality, the net income recorded historical high of 270.7billion won, up by 47% yoy. 

This outstanding performance is mostly due to strong interest income, but moreover, it is the result of successful diversification of income sources and expansion of business area. 

As the bank's core strength comes from its concentration on it's regional market, providing the most customized and friendly services, its strategy is centered around establishing a "Super-regional Financial Group." Toward this goal, the bank has developed and obtained approval from the BOD meeting on the mid-to-long term strategic plan, focusing on enhancing competitiveness by increasing financial support to the regional corporates, finding out alternative income sources, and ally with other financial institutions if necessary. 

Along with such strategic movement, 2008 financial guideline was set up with asset growth of 8% and net income growth of 11.9%.

Cash dividend per share approved by the BOD was 570 korean won, which will be finalized in the shareholders' meeting in late March, 2008.