Chairman Ham Young-joo: "We Will Do Our Best in the Core Role of Finance"
Hana Financial Group emphasized that it will steadfastly implement the value-up plan announced last October. This is interpreted as an effort to alleviate investors' concerns amid recent political instability, including the imposition of martial law.
Hana Financial Group announced on the 10th that it sent a shareholder letter containing this message on the 9th.
In the shareholder letter, Hana Financial promised to unwaveringly carry out the value-up plan based on the management's commitment to enhancing shareholder value and the group's solid fundamentals.
It also emphasized that it has strengthened the group's risk-weighted asset management system to prepare for exchange rate rise risks and will do its best to manage the year-end common equity tier 1 capital ratio at a stable level.
Additionally, Hana Financial Group is operating a 24-hour continuous response system, maintaining close communication with countries where it has overseas operations.
On the 4th, Hana Bank's New York branch, which recently opened, proactively reported the domestic financial situation to the Federal Reserve Bank of New York (FRBNY) and the New York Department of Financial Services (NYDFS). Furthermore, in London, Germany, and Asia?including Hong Kong and Singapore?the group continues close communication and responses with financial authorities.
Ham Young-joo, Chairman of Hana Financial Group, emphasized, "In the current situation of increased financial uncertainty, Hana Financial Group will do its utmost to fulfill the fundamental role of finance so that individuals and businesses can conduct economic activities stably."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
