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Finance

Hana Financial Group, Inc.

Company Background

Hana Financial Group is a leading South Korean financial group providing integrated services through its subsidiaries, including KEB Hana Bank, Hana Daetoo Securities, KEB Hana Card, and Hana Life. Hana Financial, like its rival Shinhan Financial Group, is one of the largest banking groups in the country by assets. Leveraging its network worldwide, it aims to enhance its overseas services, especially in China.

Originally founded in 1971 as Korea Investment & Finance, a money market brokerage, the company converted into commercial bank in 1991 and was renamed as Hana Bank.

It expanded its profile, through mergers with Boram Bank and Seoul Bank, and acquisitions of a range of services such as brokerage and insurance. The group completed its transformation into an integrated financial organization in 2005.

The group in 2012 bought Korea Exchange Bank, which originally specialized in currency transaction services and had a strong overseas network. As of April 2015, Hana Financial Group had the largest overseas network among South Korean banking service companies, with 136 outlets in 24 countries, including China, Japan and the U.S.

In September 2015, Hana Bank and KEB merge to form KEB Hana Bank. Prior to the reformation, both banks have completed incorporation of overseas subsidiaries, such as in China and Indonesia, by the end of 2014.

The Chinese subsidiary of the new bank had total assets worth 45 billion yuan at the end of 2014. Its goal is to be ranked by 2025 in the top five foreign financial firms in China by assets.

Business Summary

Hana Financial Group, Inc. engages in the support for control or management of companies or financial businesses related to ownerhship of shares. Through its subsidiaries, it operates Banking, Financial Investment Business, Credit Card Business, Installment Financing and Facility Lending, Saving Banks, Life Insurance, and Asset Trusts and Operations Business. The company was founded in 1971 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2021 KRWUSD
Revenue16,027.93B13,996.24M
Gross Profit----
Operating income5,003.25B4,369.04M
Income before tax4,773.94B4,168.80M
Net income3,445.98B3,009.17M
EBITDA----
Diluted EPS11,818.9810.32
Dividends Per Share3,9003.40
Total Assets502,445.27B422,666.90M
Total liabilities469,572.38B395,013.58M
Total equity31,592.17B26,575.96M
Operating cash flow-999,440M-872.75M
Currency in KRWCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 13,890.59B 14,331.66B 16,659.46B 15,183.35B 16,027.93B
Gross Profit -- -- -- -- --
Operating income 2,887.72B 3,102.48B 3,824.06B 3,989.59B 5,003.25B
Income before tax 2,798.66B 3,149.74B 3,408.14B 3,683.56B 4,773.94B
Net income 2,017.74B 2,204.00B 2,343.83B 2,582.64B 3,445.98B
EBITDA -- -- -- -- --
Diluted EPS 6,774 7,325 7,876.73 8,857.91 11,818.98
Dividends Per Share 1,550 1,900 2,100 1,850 3,900
Total Assets 360,089.34B 385,008.62B 421,467.09B 460,947.04B 502,445.27B
Total liabilities 335,705.17B 358,880.46B 393,726.92B 431,354.68B 469,572.38B
Total equity 23,429.92B 25,448.86B 26,879.87B 28,705.75B 31,592.17B
Operating cash flow 1,497.76B 2,785.70B 3,788.13B 19,679.39B -999,440M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 12,287.01M 13,022.65M 14,285.44M 12,868.47M 13,996.24M
Gross Profit -- -- -- -- --
Operating income 2,554.35M 2,819.11M 3,279.12M 3,381.33M 4,369.04M
Income before tax 2,475.57M 2,862.05M 2,922.47M 3,121.96M 4,168.80M
Net income 1,784.80M 2,002.69M 2,009.83M 2,188.88M 3,009.17M
EBITDA -- -- -- -- --
Diluted EPS 5.99 6.65 6.75 7.50 10.32
Dividends Per Share 1.37 1.72 1.80 1.56 3.40
Total Assets 336,359.19M 345,051.63M 364,449.05M 424,327.55M 422,666.90M
Total liabilities 313,581.95M 321,635.11M 340,461.70M 397,086.12M 395,013.58M
Total equity 21,885.87M 22,807.73M 23,243.43M 26,425.25M 26,575.96M
Operating cash flow 1,324.85M 2,531.26M 3,248.31M 16,679.03M -872.75M

Valuation Measures

Dec 2021
PER3.55
ROA0.71%
ROE11.42%
Operating margin31.21%
Profit margin21.49%

Key executives

  • Deputy President & Chief Financial Officer: Hoo-Seung Lee
  • Group Compliance Officer: Hui-Dae Kim
  • Executive Director & Head-Future Innovation: Joon-Seong Han
  • Chief Risk Management Officer & Executive Director: Hyo-Sang Hwang
  • Deputy President: Eun-Hyung Lee

Shareholders

  • National Pension Service of Korea (8.4%)
  • BlackRock Fund Advisors (3.0%)
  • Hana Financial Group, Inc. (2.9%)
  • The Vanguard Group, Inc. (2.5%)
  • AllianceBernstein LP (1.6%)
  • APG Asset Management NV (1.5%)
  • Swedbank Robur Fonder AB (1.4%)
  • Fidelity Management & Research Co. LLC (1.4%)
  • Samsung Asset Management Co., Ltd. (1.2%)
  • Robeco Institutional Asset Management BV (1.1%)

Contact Details

  • Website:http://www.hanafn.com
  • Address: 66 Eulji-ro, Jung-gu, Seoul, 04538, South Korea
  • Phone: +82.2.2002.1110

Related Companies

  • Hanacard Co.
  • Hana Alternative Asset Management Co., Ltd.
  • Hana Ventures Co. Ltd.
  • Hana Securities Co., Ltd. (South Korea)
  • DAEJEON HANA CITIZEN FOOTBALL CLUB
  • Gwangju Clean Water Co., Ltd.
  • Hana F&I Inc.
  • Hana Funding Ltd.
  • KEB Hana Card Co., Ltd.
  • Hana Savings Bank
  • Ace Mutual Savings Bank Co. Ltd.
  • Jeil 2 Savings Bank
  • Hana Asset Trust Co., Ltd.
  • Hana Institute of Finance
  • Hana HSBC Life
  • The-K Non-Life Insurance Co., Ltd.
  • Hana INS Co., Ltd.
  • Hana Capital Co., Ltd.
  • Hana Financial Group, Inc. Employee Stock Ownership Assn.
  • Hana HSBC Life Insurance Co., Ltd.
  • KEB Hana Bank

Competitors

  • KT Corporation
  • LOTTE rental co., ltd.
  • SK Networks Co., Ltd.
Last Updated on 4 Oct, 2022

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