|Nov 23, 2017|
|Nov 23, 2017|
Currency in KRW
|Full time employees:||--|
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.
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
April 24, 2017 1:40 pm JST
Earnings at commercial banks jump thanks to rise in mortgage loans
March 6, 2017 7:43 pm JST
Curbing the Dodd-Frank Act could boost lending, profit opportunities for banks
February 6, 2017 12:40 pm JST
November 22, 2016 9:00 pm JST
November 3, 2016 9:25 pm JST
September 22, 2016 8:04 pm JST
- Local currency
- US Dollar
|Income before tax||1,767.69B|
|Dividends per share||1,050|
|Operating cash flow||7,639.59B|
Currency in KRW
|Income before tax||1,523.62M|
|Dividends per share||0.90|
|Operating cash flow||6,584.78M|
Currency in USD
- 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
- 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%)
- Website: http://www.hanafn.com
- Address: 55 Eulji-ro, Jung-gu, Seoul, 04539, South Korea
- Phone: +82.2.2002.1110
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.