Hana Financial Group recorded a net profit of 1.1324 trillion won in the third quarter, a 2.1% decrease from the same period of 2024.
Its cumulative net profit for the year to date was 3.4334 trillion won, a 6.5%, or 208 billion won, increase from the same period last year, marking its best performance in the history of the financial group.
“Hana Financial Group’s core profit reached 8.4307 trillion won, comprising interest income (6.7803 trillion won) and fee income (1.6504 trillion won),” Hana Financial Group announced on Oct. 28.
“The figure represents a year-on-year increase of 3.8% (305.8 billion won).”
Hana Financial Group’s operating profit in the third quarter was 1.4782 trillion won, a 1.01% decrease from the previous quarter. Its net interest margin (NIM) stood at 1.74%.
Its non-interest income including commissions stood at 2.0259 trillion won, a 12.2% (221 billion won) increase from the previous quarter.
Its trading gains sat at 1.1195 trillion won, marking a 19.5% (182.8 billion won) increase from a year before. This was due to increased trading related to securities and foreign exchange derivatives.
Hana Financial Group’s commission income increased by 6.7% (102.9 billion won) year on year to 1.6504 trillion won.
This increase was driven by a spike in acquisition arrangement and advisory fees thanks to investment financing expansion.
The group’s estimated common equity tier 1 (CET1) ratio arrived at 13.30%, a 0.09 percentage point decrease from the previous quarter. However, it was a 0.14 percentage point increase from a year earlier.
Its return on equity (ROE) touched 10.60%, and its return on assets (ROA) was 0.72%. The third quarter credit cost ratio was 0.28%.
The cost-to-income ratio (CIR) improved by 0.7 percentage points year-on-year to 38.8%. Hana Bank’s third quarter net income was 1.0482 trillion won. Cumulative net income increased by 12.7% year-on-year to 3.1333 trillion won.
Financial Transformation with Digital Assets and AI
Hana Financial Group announced on Nov. 6 that it will pioneer a new financial paradigm in a rapidly changing technological environment, moving beyond innovation to a major transformation of finance with digital assets and artificial intelligence (AI) as the two main pillars of digital finance.
Hana Financial Group has established the Economic Growth Strategy Task Force with the participation of all affiliates to overcome a structural low-growth crisis caused by growing domestic and international economic uncertainties and secure new future growth engines for Korea.
The financial group is currently pursuing the Hana All Growth Project which involves the phased implementation of company-wide action plans in six areas - support for companies affected by tariffs, productive finance, inclusive finance, financial consumer protection, leading digital finance and supporting asset management for the Korean people.
Regarding leading digital finance, Hana Financial Group will lead the creation of a “new financial ecosystem” based on technology and trust.
With digital assets and artificial intelligence (AI) emerging globally as new financial paradigms, the financial group will lead the way in creating a new financial ecosystem based on technology and trust.
Hana Financial Group has decided to focus its entire company-wide capabilities on contributing to the development of new industries and increasing convenience for all of the Korean people in line with the institutionalization of digital assets and the expansion of their market.
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