Industrial Bank of Korea and Hana Bank Launch Joint Financial Network Service
[Asia Economy Reporter Song Hwajeong] On the 29th, the Korea Development Bank (KDB) announced that it signed the 'Hana Bank Financial Network Joint Usage Agreement' with Hana Bank, enabling all KDB customers to use Hana Bank's financial network starting from that day.
This Hana Bank financial network joint usage service is a follow-up project to the 'Memorandum of Understanding (MOU) for Establishing a Successful Collaboration Model between Policy Finance and Commercial Finance' signed between KDB and Hana Bank in August last year. KDB customers can use Hana Bank's financial network channels (546 branches, 66 sub-branches) and automated machines (3,576 units) as if they were KDB channels, without any additional fees.
KDB can now provide convenience services such as deposits, withdrawals, and passbook updates through Hana Bank branches and automated machines, significantly improving financial accessibility for customers who are digitally marginalized, such as the elderly.
Hana Bank expects mutual synergy as it gains opportunities to consult KDB customers on financial products and services that KDB does not handle.
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KDB and Hana Bank stated that they will continue to cooperate to improve customer convenience and provide diverse service experiences.
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