Woori Bank has been reselected as the National Pension Service’s foreign currency treasury bank and will handle foreign-currency cash disbursement and foreign-currency account management for the National Pension Fund for the next three years.
Woori Bank said on July 14 it signed a contract to perform foreign currency treasury bank services and a service level agreement with the National Pension Service.
The contract followed a tender held in March to select a foreign currency treasury bank, in which the National Pension Service chose Woori Bank as the final operator. Woori Bank was first selected as a foreign currency treasury bank in August 2021 and will continue the contract this time as well.
From August, Woori Bank will perform foreign-currency cash disbursement and foreign-currency account management, support for foreign exchange transactions, fund settlement and foreign-currency fund management for the National Pension Fund for three years through July 2029.
Jeong Jin-wan (정진완), CEO of Woori Bank, said, "As a financial partner supporting the National Pension Service’s global asset management, we will manage foreign-currency funds in a stable manner."
Lee Ji-young
ljy@d-today.co.kr