Leading Bank in Asia
Korea Development Bank strives to be the world's best bank through Vision 2011 strategy

The Korea Development Bank as the leading bank in the country plans to further strengthen its international competitive edge in the global financial market this year, recalling its superb performance last year. The bank will perform its duty as a professional integrated corporate financial bank and expand its role to raise its indicators up to the level of the world's best. Through Vision 2011, the bank will target to become a leading bank in Asia and the world's best this year.
The bank targets its total asset to reach 100 trillion won, capital 11 trillion won and available loan funds 20 trillion won. ROA is targeted at 1 percent, the ratio of the Bank for International Settlements at 16 percent and non-performing asset ratio below 1.2 percent.
KDB designated seven major objectives to boost its position as one of the world's best banks this year. The first objective is to boost its assets to total 100 trillion won. The bank aims to release 20 trillion won, up 15.5 percent, to help the economy to bounce back. In the first half of this year, the bank released 4.370,4 trillion won as facility loan funds, up 41.5 percent from the same period last year and 2.461 trillion won in operating funds, down 11.2 percent from the same period last year.
Investment amounted to 4.444,1 trillion won, up 62.5 percent from the same period last year, bringing total funds released to 11.625,1 trillion won, up 28.7 percent from the same period last year and against 20 trillion won in total funds allocated for this year's operation. The bank plans to boost its total assets to amount to 100 trillion won this year by securing good quality funds to build a stable base for operation.
The bank will focus on four core business areas including consulting and strengthen its relations with related firms and expand its market reach to new financial markets in BRICs so net profit would reach 1 trillion won this year. Net profit last year amounted to 997.5 billion won and its estimated net profit in the first half of this year totaled over 1 trillion won. It targets to achieve 1 percent in ROA this year, compared to 1.1 percent in average for the world's top 10 banks. The bank also aims to secure the ratio of non-performing asset to be below 1.2 percent and BIS ratio at 16 percent this year against the average of non-performing assets for the world? top 10 banks at 3 percent and BIS ratio of 12 percent. It plans to improve its asset stability by early normalization of companies targeted for restructuring under its care including LG Card.
KDB also set the target to be a leader in creating a growth engine for the national economy by extending its support for the technology development of high value-added industry and in its facilities, in addition to providing support to small and medium firms to stabilize their management with loans to solve their funding shortage. The bank also decided to spur the development of start-up companies by providing early start-up funds. The bank will work for balanced development of the country by drawing up policies for early expansion of SOC, a comprehensive civilian investment plan for SOC projects through the use of its know-how on project financing.
The bank will also try to double its capability to enhance its role to compete with banks in advanced countries in the area of corporate banking so that it would be able to expand its market to the newly emerging markets of BRICs countries. The bank will provide support to inter-Korea economic projects to develop a framework for development finance in North Korea to be ready for the unification age.
KDB has also decided to promote continued reform under the catchphrase of "A Leading Bank Loved by the People"with the ultimate reform target being the achievement of the vision. The bank's long-term vision is to be a world investment bank with the mid-term vision being a leading bank in Asia with Northeast Asia as its base market. Its short-term vision is to be the world's best bank. nw

KDB Gov. Yoo Ji-chang.