Key Initiatives On-going : Changes
Launched personal loan businessStrengthened risk management
Expanding sales forces, mainly working on incentive base
Improving collection performance
Sold NPL’s to Hyundai Capital and KAMCO for clean-up
Renovated organizational structure
Designing performance-based compensation scheme
Introduced compliance
Implementing MIS
Introduced new CI (Corporate identity)
| 2011.6 | 2012.6 | 2013.6 | |
|---|---|---|---|
| Net income(KRW billion) | 20 | 417 | 87 |
| ROE | 1.41 | 28.93 | 4.76 |
| ROA | 0.08 | 1.60 | 0.32 |
| BIS ratio | 9.26 | 10.18 | 10.01 |
| NPL ratio | 10.82 | 12.69 | 11.89 |
Maximizing Shareholder Value
- MBK partners and Hyundai Capital Service consortium acquired control in Sept.2006, and implemented sweeping changes to senior management.
- New management has been aggressively cleaning up non-performing loans, while initiating balance sheet restructuring.
- Balance of housing loans is rapidly increasing, and personal loan business was launched in March 2013 as future growth engine
- Hyundai Capital Service is offering turn-around specialists and experiences to HK Savings Bank Management designs 100% performance-based stock option and compensation scheme.
