Hana Financial Group Collaborates with France's Credit Agricole CIB

Hana Financial Group signed an agreement on the 27th (local time) with Cr?dit Agricole CIB, a leading bank in the global corporate and investment banking (CIB) sector, to expand global business in the European region.

The signing ceremony held at the Cr?dit Agricole Group headquarters in Montrouge, France, was attended by key figures from both companies, including Eunhyung Lee, Vice Chairman of Hana Financial Group, Xavier Musca, Senior Vice Chairman and CEO of Cr?dit Agricole Group CIB, and Gerald Masney, Head of Cr?dit Agricole CIB Korea.

Both parties plan to strengthen cooperation in various areas such as CIB, capital markets, trade finance, and ESG finance throughout Europe.

Cr?dit Agricole CIB is the investment banking arm of Cr?dit Agricole Group, a leading financial group in France and Europe. Cr?dit Agricole Group was the first French bank to establish and operate a branch in Seoul, South Korea, in 1974.

Eunhyung Lee, Vice Chairman of Hana Financial Group (right in the photo), and Xavier Musca, Senior Vice Chairman and CEO of CIB at Cr?dit Agricole Group (left in the photo), are posing for a commemorative photo after signing the agreement.
[Photo by Hana Financial Group]

Along with this agreement, Hana Financial Group plans to accelerate the expansion of its global business in Europe. It will steadily expand the scale of the local IB desk and global treasury center currently operated with dedicated professionals dispatched to Hana Bank’s London branch, continue to expand its European channels with the recently opened Hana Bank Budapest office in Hungary and the planned opening of a Poland branch by the end of this year, creating various synergy cases across Europe.

Hana Bank is the first Korean bank to enter France and Europe. It opened a London branch in 1968 and has operated the Paris branch, the only Korean bank channel in France, for 50 years since 1974, playing a pioneering role in Korean finance in the European financial market through the largest network of seven countries.

Eunhyung Lee, Vice Chairman of Hana Financial Group, said, “The meeting of two financial institutions that have built long-standing trust in both South Korea and France has further elevated Hana Financial Group’s global status in the European financial market. Marking 50 years since both institutions entered France and South Korea, we will do our best to create meaningful achievements and synergies over the next 50 years through this agreement.”