Edgar Filing: WOORI FINANCE HOLDINGS CO LTD

6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2014

Woori Finance Holdings Co., Ltd.

(Translation of registrant’s name into English)

51, Sogong-ro, Jung-gu, Seoul, 100-792, Korea

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Woori Finance Holdings’ Preliminary Financial Performance Figures

for the Second Quarter of 2014

The preliminary financial performance figures for Woori Finance Holdings Co., Ltd. (“Woori Finance Holdings”) for the six-month period ended on June 30, 2014, on a consolidated basis, are as follows.

(Units: millions of KRW, %)


Item		2Q 2014		1Q 2014		% Change Increase (Decrease)			2Q 2013		% Change Increase (Decrease)
Revenue*	Specified Quarter		4,832,248		4,321,872		12.0			5,198,764		(7.1	)
Revenue*	Cumulative Basis		9,145,120		4,321,872		—			10,815,031		(15.4	)

Operating Income	Specified Quarter		257,625		426,709		(39.6	)		113,850		126.3
Operating Income	Cumulative Basis		684,334		426,709		—			281,579		143.0

Income before	Specified Quarter		308,800		340,661		(9.4	)		141,203		118.7
Income Tax Expense	Cumulative Basis		649,461		340,661		—			303,659		113.9

Net Income	Specified Quarter		770,630		373,964		106.1			193,174		298.9
Net Income	Cumulative Basis		1,144,593		373,964		—			444,389		157.6

Profit to the Equity Holders of the Parent Entity	Specified Quarter		870,368		322,777		169.6			148,223		487.2
Profit to the Equity Holders of the Parent Entity	Cumulative Basis		1,193,144		322,777		—			358,346		233.0

*	Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

The above figures are prepared in accordance with the Korean equivalent of International Financial Reporting Standards (“K-IFRS”).

In connection with the privatization of Woori Finance Holdings and its subsidiaries by the Korean government, operations of spun-off or sold former subsidiaries of Woori Finance Holdings (consisting of Woori Investment & Securities, Woori F&I, Woori Aviva Life Insurance, Woori FG Savings Bank, Woori Asset Management, Kyongnam Bank and Kwangju Bank) have been classified as discontinued operations. Preliminary figures for profits (losses) from discontinued operations were Won 658,950 million for 2Q 2014 and Won 176,457 million for 2Q 2013.

The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

Woori Bank’s Preliminary Financial Performance Figures

for the Second Quarter of 2014

The preliminary financial performance figures for Woori Bank, a wholly-owned subsidiary of Woori Finance Holdings, for the six-month period ended on June 30, 2014, on a consolidated basis, are as follows.

(Units: millions of KRW, %)


Item		2Q 2014		1Q 2014		% Change Increase (Decrease)			2Q 2013		% Change Increase (Decrease)
Revenue*	Specified Quarter		4,541,234		4,021,150		12.93			4,926,673		(7.82	)
Revenue*	Cumulative Basis		8,562,385		4,021,150		—			10,247,485		(16.44	)

Operating Income	Specified Quarter		261,361		458,924		(43.05	)		199,247		31.17
Operating Income	Cumulative Basis		720,285		458,924		—			409,681		75.82

Income before	Specified Quarter		312,362		375,860		(16.89	)		239,546		30.40
Income Tax Expense	Cumulative Basis		688,222		375,860		—			434,663		58.33

Net Income	Specified Quarter		221,198		305,536		(27.60	)		194,498		13.73
Net Income	Cumulative Basis		526,734		305,536		—			386,616		36.24

Profit to the Equity Holders of the Parent Entity	Specified Quarter		221,026		305,236		(27.59	)		194,215		13.80
Profit to the Equity Holders of the Parent Entity	Cumulative Basis		526,263		305,236		—			386,068		36.31

*	Represents the sum of interest income, fee and commission income, dividend income, gain on financial assets/liabilities at fair value through profit or loss and other operating income.

The above figures are prepared in accordance with the K-IFRS.

The figures above are subject to adjustment as they are preliminary and have not been reviewed by our independent auditors.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	Woori Finance Holdings Co., Ltd.
	(Registrant)

Date: August 1, 2014	By:	/s/ Seung-Gyu Kim
	(Signature)
	Name: Seung-Gyu Kim
	Title: Executive Vice President