Hana Financial Group recorded a net profit of 2.301 trillion won for the first half of this year, marking its largest semi-annual performance ever. This represents an 11.2% increase compared to the first half of last year (2.068 trillion won).
Hana Financial disclosed on the 25th that it recorded a net profit of 1.173 trillion won in the second quarter of this year. This is a 13.4% increase compared to the second quarter of last year (1.1347 trillion won) and marks the highest profit since the first quarter of 2012 (1.2998 trillion won).
In the first half of this year, Hana Group's core profit, which combines interest and fees, was 5.5715 trillion won, a 2.9% increase compared to the same period last year. Among this, the group's interest was 4.4911 trillion won, an increase of 2.5% compared to the same period last year (4.4816 trillion won).
In the second quarter, Hana Financial's net interest margin is 1.73%. This is 0.04 percentage points higher than the previous quarter (1.69%) and the second quarter of last year (1.69%). Hana Financial explained that despite the downward trend in market interest rates, interest income increased due to an increase in low-interest deposits and improved portfolios due to a rise in loan assets.
During the same period, non-interest income rose by 10% to 1.3982 trillion won. Among this, fee income was accounted for 1.0804 trillion won, an increase of 4.6%. Evaluation gains from trading stood at 826.5 billion won, reflecting a 28.1% increase over the year.
However, financial soundness indicators worsened. In the second quarter, Hana Financial's ratio of non-performing loans was 0.75%, up 0.05 percentage points from the previous quarter (0.75). The arrears rate was 0.59%.
The estimated common equity ratio for the second quarter rose to 13.39%, an increase of 0.59 percentage points compared to the same period last year. The return on equity was 10.76%, the return on total assets was 0.73%, and the estimated BIS ratio was 15.58%.
Hana Bank's consolidated net profit for the second quarter was 2.0851 trillion won, up 19.1% compared to the same period last year. The net profits of non-bank affiliates for the first half include 110.2 billion won from Hana Card, 106.8 billion won from Hana Securities, 31 billion won from Hana Asset Trust, 14.9 billion won from Hana Capital, and 14.2 billion won from Hana Life.
As part of its shareholder return policy, Hana Financial resolved to distribute quarterly dividends of 913 won per share and to buy back and cancel its own shares worth 200 billion won. The share buyback worth 400 billion won announced earlier this year has already been completed.