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Hana Financial Group

Hana Financial Group[1] (HFG) is one of the largest bank holding
companies in Korea.
Hana Financial Group, Inc.
하나금융그룹
The company was established in 197 1 as Korea Inv estm ent &
Finance, the nation’s first financial company established, financed solely
by priv ate fund. 'Hana' is a word in Korean meaning "one" or "unity ", and
Hana Financial Group's sy mbol, "ㅎ", represents the first consonant of
'Hana or 하나' in Korean.

Hana Bank, [2] Hana Financial Group’s primary banking subsidiary , was Type Public (traded on the
conv erted into a commercial bank in 1991. [3] Hana Bank went through Korea Stock
P&A with Chungchong Bank and M&A with Boram Bank in 1998, and
Exchange)
acquired Seoul Bank in 2002. Then it continued its expansion by Traded as KRX: 086790 (http://st
acquiring Daehan Inv estment and Securities, Korea’s second-largest asset ock.daum.net/item/com
pany.daum?code=086
management company , in May 2005. The most recent expansion was
790&type=21)
made in 2012, when it decided to purchase Korea Exchange Bank.
Founded 1971
Hana Financial Group is in charge of setting up group-lev el business
Headquarters Seoul, South Korea
strategies and prov iding management resources to subsidiaries, including
Key people Kim Jung-Tai,
Hana Bank, Korea Exchange Bank, Hana Daetoo Securities, Hana SK Card,
Chairman & CEO
Hana Life Insurance, Hana Capital, Hana Asset Trust, Hana I&S, Hana
Products Financial Services
Institute of Finance, and Hana Sav ings Bank.
Number of 12,380
employees
Website http://www.hanafn.com/

Contents
Company Financials
Corporate timeline
Summarized Financial
Overseas network Information 2012
Financial results
Profitability
Family companies
Gen. Op. KRW 6,888.5Bil
Former companies
Income KRW 1,981.4B
Sponsorship Op. Income KRW 1,602.4B
See also Consolidated NI 0.60%
References ROA 10.43%
External links ROE 6,569
EPS(KRW) 51.47%
C/I

Corporate timeline Financial Position

Total Assets KRW283,722.2B
Nominated as No. 1 Underwriter of Corporate Bond in 1990
Total Equity KRW20,374.2B
Converted to a commercial bank with a nationwide branch Network in 1991
Launched Credit Card Business in 1992
Acquired Chungchong Bank in 1999
Complete the Merger with Seoul Bank in 2002, becoming Korea’s 3rd largest bank
Launched Hana Life Insurance in 2003
Established Financial Holding Company in Dec. 2005 (Chairman & CEO: Seung-Yu Kim)
Purchased Hana Daetoo Securities in May 2005

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Launched PT Bank Hana (Indonesia) in Dec.2007

Established UBS Asset Management in May 2007
Established Hana HSBC Life Insurance in Mar. 2008
Reorganized HFG to Matrix Structure in Mar.2008
Merged Hana Daetoo Securities and Hana IB Securities in Dec. 2008
Established Hana Credit Card Joint Venture with SK Telecom in Dec. 2009 [7] (http://www.sktelecom.com)
Acquired Daol Trust in Mar. 2010
Purchased 18.27% shares of Bank of Jilin, China in May 2010
Signed SPA with Lone Star for Korea Exchange Bank (KEB) share acquisition in Nov. 2010
Signed on MOU with China Merchants Bank in Jan. 2011
Acquired 57.27% stake of KEB in Feb. 2012

Overseas network
Hana Bank established a program called the Hana Ov erseas Club in 1994 as a means to prov ide financial serv ices to
Korean expatriates liv ing abroad, including those liv ing in Canada, Australia, New Zealand and the United States etc. [4]
Through the Hana Ov erseas Club, Hana Bank managed the Korean financial assets of its ov erseas customers. Hana Bank
launched an adv ertising campaign for the Hana Ov erseas Club in July 1994, running adv ertisements in the Korea Times
in Los Angeles, New Y ork and other major cities. [5]

As of 2014 the Group’s strategies for global expansion hav e been focused on East Asia, China in particular. In 2007 the
Hana Financial Group established a subsidiary in China, Hana Bank China, which came to hav e 13 branches in the
world’s most populous market. In 2009 Hana Bank China was licensed to perform transactions inv olv ing China’s
currency , the renminbi, and debit card transactions. A y ear later, the Hana Financial Group acquired an 18.44% stake
in the Bank of Jilin Co. Ltd. [6] In January , 2011 the group entered into a strategic alliance with the China Merchants
Bank, which has large potential for growth in China and a credit card and retail banking business in local markets.

The Group has a significant presence in Indonesia. The Group operated 18 branches through PT Bank Hana, a local
subsidiary in Indonesia set up by the Hana Financial Group in 2007 . The Group hires most of the employ ees for its
ov erseas operations from local communities. For instance, of the 255 employ ees at the Group’s Indonesian subsidiary ,
98% are Indonesians, including three of the fiv e members of the Board of Directors. In Mar. 2014, the group decided to
integrate PT Bank Hana and PT KEB Bank, to establish PT Bank KEB Hana, the first integrated entity within the Group.
The newly established entity now owns 40 branches with 57 1 employ ees.

Financial results
In 2011 operating income increased by 27 .08% y oy and consolidated net income by 22.7 8%, while profitability indices
including ROA, ROE, and EPS improv ed compared to the prev ious y ear. The C/I ratio increased by 2.81 percentage
points.

HFG's total assets grew by 11.49% ov er the course of 2011. The balance of the Group's beneficiary certificates, but total
sales rose by 2.54% due to an increase in deposits taken. Credit card membership increased by 9.48% to 4,540,000.

The NPL ratio decreased by 0.48 percentage points to 1.12%, and the NPL cov erage ratio increased by 42.43
percentage points to 148.92%, with loans to creditworthy borrowers making up most of the increase in total loans.
Hana Bank's delinquency ratio also decreased, to 0.48%. HFG reached 13.22% in BIS ratio and 9.43% in Tier 1 ratio.
Corresponding indices at the Group's subsidiaries hov ered abov e gov ernment-set requirements.

Family companies
KEB Hana Bank
Hana F&I
Hana Futures
Hana Investor Services

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Hana Financial Investment (formerly Hana Daetoo Securities)

Hana Card (also known as KEB Hana Card)
Hana Life Insurance (formerly Hana HSBC Insurance)
Hana Capital
Hana Asset Trust
Hana Asset Management
Hana I&S
Hana Institute of Finance
Hana Savings Bank
Overseas Units: Hana Bank (China),PT Bank Hana (Indonesia),Hana Asia Flagship Branch, Myeong Dong,
Limited (Hong Kong) Seoul, Korea
BNB Hana Bank (Hana acquired BNB Bank in 2013): New Jersey and New
York, USA
Hana Financial, Inc. (Los Angeles, CA, USA) is not a member of Hana Financial Group. Founded in 1994, Hana Financial,
Inc. is a non-bank financial institution, which offers factoring, asset based lending, and SBA lending. Hana Financial, Inc.
has about $2 billion in annual factoring and loan originations.

Former companies
Hana Allianz Investment Trust Management (currently Allianz Global Investors Korea)
Qingdao International Bank

Sponsorship
The company supported South Korea's national basketball team as jersey sponsor at the 2016 FIBA Asia Cup. [7]

See also
List of South Korean companies
List of Banks in South Korea
List of Korea-related topics
Economy of South Korea

References
1. [1] (http://www.hanafn.com)
2. [2] (http://www.hanabank.com)
3. [3] (http://dna.naver.com/viewer/index.nhn?articleId=1991011100099204003&editNo=1&printCount=1&publishDate=1991-01-
11&officeId=00009&pageNo=4&printNo=7683&publishType=00020)
4. [4] (http://dna.naver.com/viewer/index.nhn?articleId=1994070900099105010&editNo=15&printCount=1&publishDate=1994-0
7-09&officeId=00009&pageNo=5&printNo=8808&publishType=00010)
5. [5] (http://www.hanabank.com/contents/mkt/fxd/wor/wor1/index.jsp?menuItemId=s_h13a1&Ctype=B&cid=MainFooter&oid=
worldcenter)[6] (http://dna.naver.com/viewer/index.nhn?articleId=1999030400099107016&editNo=15&printCount=1&publish
Date=1999-03-04&officeId=00009&pageNo=7&printNo=10307&publishType=00010)
6. http://www.chinadaily.com.cn/bizchina/2009-09/07/content_8662667.htm
7. Korea - FIBA Asia Challenge 2016 (http://www.fiba.com/asia/challenge/2016/Korea), FIBA.com, Retrieved 17 October
2016.

External links
Hana Financial Group (http://www.hanafn.com)
KEB Hana Bank (http://www.hanabank.com)

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This page was last edited on 23 February 2018, at 22:31.

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