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    Jung Kwang Myung • DB Financial Investment Co., Ltd.

    Jung Kwang Myung's questions to Woori Financial Group Inc (WF) leadership

    Jung Kwang Myung's questions to Woori Financial Group Inc (WF) leadership • Q1 2024

    Question

    Jung Kwang Myung from DB Financial Investment asked for a breakdown of the factors that led to the flat quarter-on-quarter CET1 ratio and inquired about the group's year-end target for this capital metric.

    Answer

    CFO Lee Sung-Wook detailed the CET1 ratio movement: a 40 bps increase from net income was offset by a 10 bps decrease from shareholder returns, a 20 bps decrease from FX impact, and a 10 bps decrease from RWA growth, resulting in a stable 12.0%. He stated that without the adverse FX impact, the ratio would have been 12.2%. The group targets a CET1 ratio 'well above 12%' by year-end.

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    Jung Kwang Myung's questions to Woori Financial Group Inc (WF) leadership • Q1 2024

    Question

    Jung Kwang Myung of DB Securities requested a breakdown of the factors that led to the CET1 ratio being flat quarter-over-quarter and asked for the group's year-end CET1 target.

    Answer

    CFO Lee Sung-Wook provided a detailed breakdown of the CET1 ratio: +40 bps from net income, offset by -10 bps from shareholder returns, -20 bps from adverse FX movements, and -10 bps from RWA growth, resulting in a stable 12.0%. He stated that without the FX impact, the ratio would have been 12.2%. The group targets exceeding 12% by the end of June and finishing the year 'well above 12%'.

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