Company Profile For Korea Exchange Bank

Korea Exchange Bank (the Bank) is a Korea-based financial and banking service provider. The Bank's offerings are organized in four groups: personal banking, business banking, foreign exchange and credit card. Its personal banking services include Internet banking, deposit, investment, loan, electronic banking, private banking and expect a banking service better than you'd get at home (EXPAT) banking services. Its business banking services include Internet banking, deposit, investment, electronic banking, international business and investment banking and foreign investment services. Its foreign exchange services include foreign exchange rate, foreign exchange, trade and remittance services. Its credit card services include personal and corporate credit card services. In addition, the Company engaged in bancassurance business providing life and damage insurance products.

BRIEF: For the fiscal year ended 31 December 2008, Korea Exchange Bank's total interest income increased 27% to W5.601T. Net interest income after LLP decreased 9% to W1.662T. Net income decreased 19% to W782.37B. Interest income reflects higher bank due interest & loan interest. Net interest income after LLP was offset by higher loan loss provision. Net income also suffered from inclusion of loss on revaluation of tangible assets.