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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 ownerhsip 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 on December 1, 2005 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2019 KRWUSD
Revenue16,678.75B14,301.98M
Gross Profit----
Operating income3,824.05B3,279.11M
Income before tax3,408.14B2,922.47M
Net income2,343.83B2,009.83M
EBITDA----
Diluted EPS7,876.736.75
Dividends Per Share2,1001.80
Total Assets421,506.14B364,482.82M
Total liabilities393,765.97B340,495.47M
Total equity26,879.87B23,243.43M
Operating cash flow3,788.13B3,248.31M
Currency in KRWCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 13,292.44B 12,865.53B 13,890.59B 14,331.66B 16,678.75B
Gross Profit -- -- -- -- --
Operating income 1,149.20B 1,706.59B 2,887.72B 3,102.48B 3,824.05B
Income before tax 1,196.39B 1,819.99B 2,798.66B 3,149.74B 3,408.14B
Net income 882,717M 1,308.51B 2,017.74B 2,204.00B 2,343.83B
EBITDA -- -- -- -- --
Diluted EPS 2,990 4,395 6,774 7,325 7,876.73
Dividends Per Share 650 1,050 1,550 1,900 2,100
Total Assets 326,912.70B 348,177.49B 360,089.34B 385,008.62B 421,506.14B
Total liabilities 304,683.85B 325,231.22B 335,705.17B 358,880.46B 393,765.97B
Total equity 21,406.77B 22,043.92B 23,429.92B 25,448.86B 26,879.87B
Operating cash flow 7,240.01B 7,639.59B 1,497.76B 2,785.70B 3,788.13B
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 11,744.48M 11,089.16M 12,287.01M 13,022.65M 14,301.98M
Gross Profit -- -- -- -- --
Operating income 1,015.37M 1,470.96M 2,554.35M 2,819.11M 3,279.11M
Income before tax 1,057.06M 1,568.70M 2,475.57M 2,862.05M 2,922.47M
Net income 779.92M 1,127.84M 1,784.80M 2,002.69M 2,009.83M
EBITDA -- -- -- -- --
Diluted EPS 2.64 3.78 5.99 6.65 6.75
Dividends Per Share 0.57 0.90 1.37 1.72 1.80
Total Assets 278,804.90M 288,274.10M 336,359.19M 345,051.63M 364,482.82M
Total liabilities 259,847.20M 269,275.70M 313,581.95M 321,635.11M 340,495.47M
Total equity 18,256.60M 18,251.30M 21,885.87M 22,807.73M 23,243.43M
Operating cash flow 6,396.88M 6,584.78M 1,324.85M 2,531.26M 3,248.31M

Valuation Measures

Dec 2019
PER4.67
ROA0.58%
ROE8.95%
Operating margin22.92%
Profit margin14.05%

Key executives

  • Co-Chairman & Chief Executive Officer: Jung-Tai Kim
  • Vice President-Group Finance: Seung-Yeol Lee
  • Group Compliance Officer: Hui-Dae Kim
  • Vice Chairman & Executive Vice President: Young-Joo Ham
  • Executive Director & Head-Future Innovation: Joon-Seong Han

Shareholders

  • National Pension Service of Korea (9.9%)
  • Hana Financial Group, Inc. (2.8%)
  • The Vanguard Group, Inc. (2.8%)
  • BlackRock Fund Advisors (2.1%)
  • Norges Bank Investment Management (1.7%)
  • Dimensional Fund Advisors LP (1.7%)
  • Eastspring Investments (Singapore) Ltd. (1.5%)
  • Schroder Investment Management Ltd. (1.1%)
  • AllianceBernstein LP (1.0%)
  • Hana Financial Group, Inc. Employee Stock Ownership Assn. (0.8%)

Contact Details

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

Related Companies

  • Hana Ventures Co. Ltd.
  • Hana Financial Investment Co., Ltd.
  • 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 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

  • Redcap Tour Co., Ltd.
  • SK Networks Co., Ltd.
  • SK Rent a Car Co., Ltd.
Last Updated on 20 Oct, 2020

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