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Hana Financial Group Inc HNFGF

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Company Profile

Business Description

Hana Financial is one of Korea’s four largest commercial banking groups. In commercial banking, it is a similar size to its three peers with an 11.5% share of loans as of December 2019, but its total assets are about 20% to 25% smaller than Shinhan’s and KB’s owing to a smaller scale in nonbank financial businesses. This reflects Shinhan’s and KB’s expansion of these areas in recent years while Hana was busy integrating Korea Exchange Bank into KEB Hana Bank and replenishing its capital levels after the 2012 acquisition. The integration has gone reasonably smoothly, in our view, with Korea Exchange Bank’s strength in large corporate business proving to be a good fit for the former Hana Bank’s strength in retail.

Contact
55 Eulji-ro Jung-gu
Seoul, 100-782, Korea, Republic of
T +82 220021110
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2019
Stock Type
Employees 124