Asia300

Hana Financial Group, Inc.

South Korea

  • 1m
  • 3m
  • 6m
  • 1y
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Nov 23, 2017
Prev close: 46,100
Nov 23, 2017
Market cap:
Market cap(USD):
13,645.74B
12,572.08M
Shares: 296.00M

Currency in KRW

Company profile

Market(Ticker): KRX(086790)
Sector:
Industry:
Finance
Regional Banks
Full time employees: --

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.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 12,865.53B
Gross profit --
Operating income 1,706.59B
Income before tax 1,767.69B
Net income 1,308.51B
EBITDA --
Diluted EPS 4,395
Dividends per share 1,050
Total assets 348,177.49B
Total liabilities 325,231.22B
Total equity 22,043.92B
Operating cash flow 7,639.59B

Currency in KRW

Revenue 11,089.16M
Gross profit --
Operating income 1,470.96M
Income before tax 1,523.62M
Net income 1,127.84M
EBITDA --
Diluted EPS 3.78
Dividends per share 0.90
Total assets 288,274.10M
Total liabilities 269,275.70M
Total equity 18,251.30M
Operating cash flow 6,584.78M

Currency in USD

Valuation measures

Dec 2016

PER 7.06
ROA 0.38%
ROE 6.02%
Operating margin 13.26%
Profit margin 10.17%

Key executive

  • 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

Share holders

  • National Pension Service of Korea(9.7%)
  • Franklin Resources, Inc.(8.0%)
  • Capital Research & Management Co. (World Investors)(2.3%)
  • The Vanguard Group, Inc.(2.3%)
  • BlackRock Fund Advisors(2.1%)
  • SK Telecom Co., Ltd.(2.0%)
  • Norges Bank Investment Management(1.9%)
  • Dimensional Fund Advisors LP(1.7%)
  • Templeton Investment Counsel LLC(1.5%)
  • Templeton Global Advisors Ltd.(1.3%)

Address

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

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