Hana Financial Group Achieves 17.532 Trillion KRW in H1... Record-Breaking Performance
Strong Non-Bank Earnings...Achieving Record-High Performance
[Asia Economy Reporter Kiho Sung] Hana Financial Group announced on the 22nd that it achieved a record-high half-year performance with a cumulative consolidated net income of 1.7532 trillion KRW for the first half of the year, including 917.5 billion KRW in the second quarter. This represents an increase of 407.1 billion KRW compared to the same period last year. This result was driven by the continuous growth of the non-bank sector (654.3 billion KRW, an increase of 246.4 billion KRW compared to the same period last year).
Hana Financial Group disclosed this information through the Financial Supervisory Service's electronic disclosure system on the same day. In the non-bank sector, major non-bank affiliates contributed to the group's solid growth by recording net income for the first half of 276 billion KRW at Hana Financial Investment (an increase of 103.5 billion KRW, 60.0% compared to the same period last year), 142.2 billion KRW at Hana Card (an increase of 76.9 billion KRW, 117.8%), and 125.5 billion KRW at Hana Capital (an increase of 41.4 billion KRW, 49.3%).
The group's core earnings, which combine interest income (3.254 trillion KRW) and fee income (1.2613 trillion KRW) for the first half, amounted to 4.5153 trillion KRW. The group's net interest margin (NIM) stands at 1.67%.
In the banking sector, Hana Bank recorded a cumulative consolidated net income of 1.253 trillion KRW for the first half, including 677.5 billion KRW in the second quarter of 2021. This is an increase of 17.9% (190 billion KRW) compared to the same period last year. The bank's core earnings, combining interest income (2.9157 trillion KRW) and fee income (377.7 billion KRW) for the first half, increased by 7.9% (242 billion KRW) year-on-year to 3.2934 trillion KRW, maintaining solid performance.
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Additionally, the Hana Financial Group board of directors resolved, after thorough consideration of ▲ securing sufficient loss absorption capacity ▲ improving capital adequacy ▲ expanding proactive shareholder return policies, to implement an interim dividend of 700 KRW per share.
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