Kwang Myung Jung's questions to Woori Financial Group Inc (WF) leadership • Q1 2024
Question
Kwang Myung Jung of DB Financial Investment asked for a breakdown of the factors that kept the CET1 ratio flat at 12.0% QoQ, including the FX impact, and inquired about the year-end CET1 target.
Answer
CFO Lee Sung-Wook detailed the CET1 ratio movements: +40 bps from net income, offset by -10 bps from dividends/buybacks, -20 bps from adverse FX movements, and -10 bps from RWA growth. He noted that without the FX impact, the ratio would have been 12.2%. The group targets a CET1 ratio 'well above 12%' by year-end.