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Woori Financial Group (FRA:2WGA) Altman Z-Score


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What is Woori Financial Group Altman Z-Score?

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Altman Z-Score does not apply to banks and insurance companies.

Woori Financial Group (FRA:2WGA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Woori Financial Group Inc (FRA:2WGA) » Definitions » Altman Z-Score
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XKRX:024110 XKRX:323410 XKRX:086790 XKRX:138930 XKRX:175330 XKRX:139130 XKRX:006220 XKRX:055550 XKRX:007330 XKRX:105560 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
WF:USA 316140:Korea
Address
51, Sogong-ro, Jung-gu, Seoul, KOR, 04632
Website
https://www.woorifg.com
Woori is one of Korea's four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets but is now number four after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government has completed the process of fully divesting itself of Woori, with Korea Deposit Insurance selling its final 1.2% stake in late 2023.