Hana Bank Achieves Consecutive 1st Place in Technology Finance Evaluation

Support for 20 Trillion Won in Innovative Finance Including 18 Trillion Won in Tech Finance Over the Next 3 Years

Jiseonggyu Hana Bank President

[Asia Economy Reporter Kim Min-young] Hana Bank announced on the 18th that it ranked first overall among large bank groups in the Financial Services Commission's '2019 Second Half Bank Sector Technology Finance Performance Evaluation.'

The bank explained that this achievement is the result of Hana Bank's continuous efforts to expand technology finance based on its self-established technology credit loan settlement roadmap. Hana Bank has ranked first four times since 2016, the first among banks, and secured consecutive first place following the first half of last year, solidifying its position as a leader in technology finance.

In this evaluation, Hana Bank received excellent ratings in most categories including ▲ supply scale ▲ credit support ▲ startup support ▲ support capability among the large bank group consisting of six banks. It was also recognized in the investment sector based on the Technology Credit Evaluation Service (TCB).

In particular, Hana Bank expanded credit loan support for companies with low credit ratings and insufficient collateral, which is the original purpose of technology finance, and showed outstanding investment performance for startups and venture companies, demonstrating both quantitative and qualitative excellence in technology finance performance.

Additionally, to actively respond to the government's innovation finance policies including technology finance, Hana Bank established the Innovation Finance Council in May last year, chaired by the chairman of Hana Financial Group. It played a leading role in increasing domestic IP collateral loans by early revising internal regulations and delegating pledge setting tasks to the head office to expand IP collateral loans.

Starting this year, increasing movable collateral loans has been set as the primary goal of innovation finance, and collaboration with related departments is being strengthened.

Jung Sung-kyu, CEO of Hana Bank, stated, “To increase innovation finance, we plan to support 20 trillion won over the next three years, including 18 trillion won in technology finance,” adding, “We have established a Corporate Credit System Improvement Council under the Innovation Finance Council and are actively promoting the implementation of the unified collateral system and the integration of technology and credit evaluations.”

The technology finance evaluation is a system that supports financing for small and medium-sized enterprises with excellent technology but insufficient collateral, making it difficult to raise funds from financial institutions. Since the second half of 2014, the Financial Services Commission has been evaluating and announcing technology finance performance semiannually to expand technology finance.

This content was produced with the assistance of AI translation services.