WOORI BANK | CIK:0001264136 |

Filed: 4/30/2018

Entity registrant name: WOORI BANK (CIK: 0001264136)

Generator: Fujitsu

SEC filing page: http://www.sec.gov/Archives/edgar/data/1264136/000119312518141139/0001193125-18-141139-index.htm

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ifrs-full:DisclosureOfCollateralExplanatory

18. ASSETS SUBJECT TO LIEN AND ASSETS ACQUIRED THROUGH FORECLOSURES

(1)	Assets subjected to lien are as follows (Unit: Korean Won in millions):


		December 31, 2016
		Collateral given to	Amount		Reason for collateral
Loan and receivables	Due from banks in local currency	Samsung Securities and others		24,589	Margin deposit for futures and options and others
	Due from banks in foreign currencies	Korea Investment & Securities and others		227,249	Foreign margin deposit for future or option and others
Financial assets at FVTPL	Industrial and financial debt securities and others	Yuanta Securities and others		473,476	Substitute securities and others
AFS financial assets	Korean treasury and government agencies bonds	Korea Securities Depository and others		2,546,683	Related to bonds sold under repurchase agreements^(*)
	Financial institutions debt securities and others	The BOK and others		836,522	Settlement risk and others
HTM financial assets	Korean treasury and government agencies bonds	Korea Securities Depository and others		7,133	Related to bonds sold under repurchase agreements^(*)
	Korean treasury and government agencies bonds and others	The BOK and others		6,185,295	Settlement risk and others
Lands and buildings		Credit Counselling & Recovery Service and others		6,310	Leasehold rights and others

		Total		10,307,257


		December 31, 2017
		Collateral given to	Amount		Reason for collateral
Loan and receivables	Due from banks on time in local currency	Bank of China and others		6,629	Collaterals for issuing letter of guarantee and others
	Due from banks in local currency	Samsung Securities Co., Ltd. and others		10,809	Margin deposit for futures or option
	Due from banks in foreign currencies	Korea Investment & Securities Co., Ltd. and others		9,136	Foreign margin deposit for future or option and others
Financial assets at FVTPL	Financial institutions debt securities and others	Yuanta Securities Co., Ltd. and others		501,523	Substitute securities and others
AFS financial assets	Corporate bonds	Korea Securities Depository and others		9,998	Related to bonds sold under repurchase agreements⁽^*⁾
	Korean treasury and government agencies bonds and others	The BOK and others		1,570,608	Settlement risk and others
HTM financial assets	Korean treasury and government agencies bonds	Korea Securities Depository		5,436	Related to bonds sold under repurchase agreements⁽^*⁾
	Financial institutions debt securities and others	The BOK and others		7,605,292	Settlement risk and others
Lands and buildings	Land and building	Credit Counselling & Recovery Service and others		6,186	Leasehold rights and others

		Total		9,725,617

(*)

The Group enters into the repurchase agreements at predetermined price or original sale price added with certain rate of return after the disposal of securities. In this regards, the securities are provided as collaterals, and the purchasers are eligible to dispose or provide them as collateral. Therefore, as such securities have been transferred but have not been derecognized, the Group recognizes the relevant amount as liability (bond sold under repurchase agreements).

(2)	The carrying amounts of buildings acquired through foreclosure are as follow (Unit: Korean Won in millions):


	December 31, 2016		December 31, 2017
Land		4,138		332
Building		1,852		44
Properties not used in business		202		—

Total		6,192		376

(3)	Loaned securities are as follows (Unit: Korean Won in millions):

December 31,
2016

December 31,
2017

Loaned to

Financial assets at FVTPL

Korean Equity securities

4,459

—

Samsung Securities Co., Ltd. and others

AFS financial assets

Korean treasury and government agencies bonds and others

493,579

170,256

Korea Securities Depository and others

Total

498,038

170,256

Loaned securities are lending of specific securities to borrowers who agree to return the same quantity of the same security at the end of lending period. As the Group does not derecognize these securities, there are no liabilities related to loaned securities.

(4)	Collaterals held that can be disposed and re-collateralized regardless of defaults of counterparties

Fair values of collaterals held can be disposed and re-subjected to lien regardless of defaults of counterparties as of December 31, 2016 and 2017 are as follows (Unit: Korean Won in millions):


	December 31, 2016
	Fair values of collaterals	Fair values of collaterals were disposed or re-subjected to lien
Securities	8,746,101	—


	December 31, 2017
	Fair values of collaterals	Fair values of collaterals were disposed or re-subjected to lien
Securities	17,671,490	—