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Finance

Hana Financial Group, Inc.

  • 44,250.00 KRW
  • -750.00
  • -1.67%
  • South Korea
    Apr 19, 2018
  • Ticker
    KRX(086790)
  • Prev. close
    45,000
  • Market cap (KRW)
    13,510.89B
  • Market cap (USD)
    12,728.11M
  • Shares
    300.24M

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. is a holding company that engages in the management of its subsidiaries. Through its subsidiaries, it operates through Personal and Commercial Banking, Asset Management business units, Corporate and Investment Banking. The Personal and Commercial Banking business offers comprehensive asset management, loans, credit card services, private banking, and insurance. The Corporate and Investment Banking provides customers with corporate financial services and ample solutions that meet their specific needs. The Asset Management business offers asset management and brokerage. The company was founded on December 1, 2005 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2017 KRWUSD
Revenue13,890.59B12,287.01M
Gross Profit----
Operating income2,887.72B2,554.35M
Income before tax2,798.66B2,475.57M
Net income2,017.74B1,784.80M
EBITDA----
Diluted EPS6,7745.99
Dividends Per Share1,5501.37
Total Assets360,089.34B336,359.19M
Total liabilities335,705.17B313,581.95M
Total equity23,429.92B21,885.87M
Operating cash flow1,497.76B1,324.85M
Currency in KRWCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 14,122.99B 14,388.34B 13,292.44B 12,865.53B 13,890.59B
Gross Profit -- -- -- -- --
Operating income 1,286.17B 1,557.14B 1,149.20B 1,706.59B 2,887.72B
Income before tax 1,270.27B 1,252.56B 1,196.39B 1,819.99B 2,798.66B
Net income 914,795M 918,625M 882,717M 1,308.51B 2,017.74B
EBITDA -- -- -- -- --
Diluted EPS 3,388 3,168 2,990 4,395 6,774
Dividends Per Share 400 600 650 1,050 1,550
Total Assets 295,188.63B 315,548.24B 326,912.70B 348,177.49B 360,089.34B
Total liabilities 274,598.13B 293,953.72B 304,683.85B 325,231.22B 335,705.17B
Total equity 19,632.88B 20,828.17B 21,406.77B 22,043.92B 23,429.92B
Operating cash flow 6,152.10B 7,196.66B 7,240.01B 7,639.59B 1,497.76B
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 12,900.51M 13,668.57M 11,744.48M 11,089.16M 12,287.01M
Gross Profit -- -- -- -- --
Operating income 1,174.84M 1,479.24M 1,015.37M 1,470.96M 2,554.35M
Income before tax 1,160.31M 1,189.90M 1,057.06M 1,568.70M 2,475.57M
Net income 835.61M 872.67M 779.92M 1,127.84M 1,784.80M
EBITDA -- -- -- -- --
Diluted EPS 3.09 3.00 2.64 3.78 5.99
Dividends Per Share 0.36 0.56 0.57 0.90 1.37
Total Assets 279,706.87M 287,083.86M 278,804.90M 288,274.10M 336,359.19M
Total liabilities 260,196.27M 267,437.30M 259,847.20M 269,275.70M 313,581.95M
Total equity 18,603.19M 18,949.34M 18,256.60M 18,251.30M 21,885.87M
Operating cash flow 5,619.57M 6,836.66M 6,396.88M 6,584.78M 1,324.85M

Valuation Measures

Dec 2017
PER7.30
ROA0.56%
ROE8.87%
Operating margin20.78%
Profit margin14.52%

Key executives

  • Chairman & Chief Executive Officer: Jung-Tai Kim
  • Senior MD & Head-Group Finance and Group Strategy: Chul-Seung Kwak
  • Executive Director & Head-Future Innovation: Joon-Seong Han
  • Chief Risk Management Officer & Executive Director: Hyo-Sang Hwang
  • Managing Director & Head-Group Support: Byung-Chan Seo

Shareholders

  • National Pension Service of Korea (9.4%)
  • The Vanguard Group, Inc. (2.3%)
  • Capital Research & Management Co. (World Investors) (2.3%)
  • BlackRock Fund Advisors (2.2%)
  • SK Telecom Co., Ltd. (2.0%)
  • Capital Research & Management Co. (Global Investors) (1.9%)
  • Dimensional Fund Advisors LP (1.6%)
  • Norges Bank Investment Management (1.4%)
  • Templeton Global Advisors Ltd. (1.3%)
  • Templeton Investment Counsel LLC (1.3%)

Contact Details

  • Website:http://www.hanafn.com
  • Address: 55 Eulji-ro, Jung-gu, Seoul, 04539, South Korea
  • Phone: +82.2.2002.1110

Related Companies

  • Hana Financial Investment Co., Ltd.
  • 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
  • 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

  • OP Bancorp
  • SK Networks Co., Ltd.
Last Updated on 19 Apr, 2018

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