Welcome to Busan Bank.

My thanks and best wishes go to our loyal customers and shareholders.
Due to the global financial crisis, the world economy has suffered during the past year. Despite the hardships, Busan Bank has endured this period with preemptive risk management and management efficiency to create one of the best earnings results among Korean banks. Additionally, a new CI, rights issuance, city bank nomination, BS Securities establishment are only a few among many noteworthy achievements in the year 2009.

Employment-of-Disabled Award, the Presidential Commendation for supporting job creation, and nomination of the Dasan Financial Award for 2 consecutive years have enhanced the bank¡¯s domestic and international status.

Though rejuvenating the overall economy will take time, prudent management is a key method to navigate the bank while these unclear and unresolved matters related to the global crisis exist. Considering the current condition of things, Busan Bank will focus on increasing business sales and profit-oriented organic growth under strict risk management based on the key phrase ¡®Going Forward with Zeitgeist¡¯, that revolves around keeping a keen eye on changes in the domestic and international surroundings.

Maintaining local SME & low credit score loans, we have devoted our time to support the local economy as a method of CSR (Corporate Social Responsibility) and as the regional bank; this practice will be executed into the future.

After 42 years of business in the region, 2010 will be year one in the transition process for Busan Bank¡¯s transformation into a financial group. Proclaiming 2010¡¯s management slogan as ¡°Beyond the Wall¡±, with change and innovation, we will attempt to go beyond the local boundary that has prevented the bank from maturing into a ¡®Premier Bank¡¯.

I ask for your continued support and encouragement in the future.

Best of luck and health to you and your family. Many thanks.



Busan Bank
President & CEO
Jang-ho Lee

January 2010