Hana Financial Group announced its corporate value enhancement plan 2.0 on the 24th, raising its return on equity (ROE) target from over 10% to 12% and highlighting its strategic partnership with domestic digital asset company Dunamu. The group made a strategic equity investment in Dunamu through its subsidiary Hana Bank in May, positioning itself to capture opportunities in the digital asset ecosystem. Hana Bank is the only commercial bank among Dunamu's strategic investors, and the group plans to discover new business opportunities by linking existing financial infrastructure with the digital asset ecosystem to expand its mid- to long-term revenue base and improve ROE.
Hana Bank Invests in Dunamu as Sole Commercial Bank Partner
Hana Financial Group emphasized that Hana Bank executed a strategic equity investment in Dunamu, a domestic digital asset company, in May. Hana Bank is the only commercial bank among Dunamu's strategic investors. The group presented three core strategies to improve ROE: strengthening the bank's core competitiveness, expanding profitability of non-bank affiliates, and preempting the digital asset ecosystem. Hana Financial stated it will discover new business opportunities by linking existing financial infrastructure with the digital asset ecosystem, expand its mid- to long-term revenue base, and connect this to ROE improvement.
Hana Financial Reports H1 Net Profit of KRW 2.4 Trillion
Hana Financial Group reported consolidated net profit of KRW 2.4029 trillion for the first half of the year, a 4.4% increase compared to the same period last year. Second-quarter net profit reached KRW 1.1928 trillion. Core profit for the first half totaled KRW 6.2956 trillion, combining interest income of KRW 4.8082 trillion and fee income of KRW 1.4874 trillion, representing a 13% increase year-over-year. Fee income grew 37.7% compared to the previous year, driven by growth in asset management and investment banking (IB) sectors. The results were supported by increased fee income and revenue portfolio diversification despite one-time costs including insurance profit reduction due to actuarial assumption modernization, provisions related to corporate restructuring, and foreign exchange translation losses from currency appreciation.
Board Approves KRW 250 Billion Buyback and Dividend Increase
The board of directors approved an additional treasury stock purchase and cancellation of KRW 250 billion during the third quarter and a quarterly cash dividend of KRW 1,155 per share. The quarterly dividend increased 26.5% compared to the same period last year. Hana Financial set a shareholder return target of over 50% and introduced a shareholder return framework linking ROE and risk-weighted asset (RWA) growth rate. The group adjusted its Common Equity Tier 1 (CET1) ratio target to over 13%, with capital exceeding this level to be used as resources for shareholder returns.
FAQ
What is Hana Financial Group's new ROE target?
Hana Financial Group raised its return on equity (ROE) target from over 10% to 12% as part of its corporate value enhancement plan 2.0 announced on the 24th.
When did Hana Bank invest in Dunamu?
Hana Bank made a strategic equity investment in Dunamu, a domestic digital asset company, in May. Hana Bank is the only commercial bank among Dunamu's strategic investors.
How much did Hana Financial earn in the first half of the year?
Hana Financial Group reported consolidated net profit of KRW 2.4029 trillion for the first half of the year, representing a 4.4% increase compared to the same period last year. Second-quarter net profit was KRW 1.1928 trillion.
