Hana Financial Group Accelerates Overseas Expansion... Signs Business Agreement with India's Largest Bank

State Bank of India and Global Business Expansion

Hana Financial Group announced on the 6th that it signed a business agreement with State Bank of India (SBI), India's largest bank, on the 2nd (local time) to expand global business.

At the signing ceremony held in Mumbai, India, the two companies discussed business implementation plans based on their extensive global networks and expertise. The two companies plan to expand the scope of collaboration to promote various global businesses, including ▲joint investment in overseas financial markets ▲mutual support and preferential treatment for customers at overseas branches of both companies ▲collaboration in investment banking (IB) and trade finance. Attending the event were Eunhyung Lee, Vice Chairman of Hana Financial Group; Dinesh Kumar Khara, Chairman of State Bank of India; and C.S. Setty, Executive Director of State Bank of India.

This business agreement was initiated following a business meeting held during the Asian Development Bank annual meeting in May. State Bank of India is India's largest state-owned commercial bank, operating in 25 regions worldwide, including the United States and China.

Eunhyung Lee, Vice Chairman of Hana Financial Group, said, "Through establishing a partnership with India's largest bank, we are now able to respond proactively and preemptively in the Indian market, as well as expand various overseas businesses." He added, "Based on the strong global expansion will of both companies, we will actively support discovering more opportunities to serve as a foundation for Hana Financial Group to leap forward as Asia's No.1 financial group."

Eunhyung Lee, Vice Chairman of Hana Financial Group (first from the left), Dinesh Kumar Khara, Chairman of State Bank of India, and C.S. Setty, Executive Director of State Bank of India (third from the left), are posing for a commemorative photo at the business agreement ceremony held on the 2nd (local time) in Mumbai, India. Photo by Hana Financial Group

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