Hana Bank Decides to Prepay 51% of Principal to Lime Fund Investors

[Asia Economy Reporter Kim Hyo-jin] Hana Bank has finalized an advance payment compensation plan for investors in Lime Asset Management funds.

On the 23rd, Hana Bank held a board meeting and announced that it resolved to provide an advance payment of up to 51% of the principal to investors in Lime funds (Pluto and Saturn), based on the minimum expected recovery amount and loss compensation amount.

Hana Bank plans to inform investors about the advance payment compensation plan and obtain consent forms after providing a sufficient reflection period.

Subsequently, the Financial Supervisory Service's Dispute Mediation Committee will determine the compensation ratio, and once the fund is liquidated, investors will receive the final compensation amount (including the advance payment). The liquidation of the fund is expected to take about five years.

Additionally, Hana Bank discussed investing in a bridge management company that will be responsible for recovering Lime fund assets and compensation.

As part of investor protection measures, the bank plans to invest in the bridge management company and continuously monitor its activities from a shareholder perspective.

Shinhan Bank and Woori Bank also announced advance payment compensation plans for Lime fund investors on the 5th of this month.

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