Hana Financial Group reported a record net profit of KRW 3.7388 trillion for 2024 on 4 February 2025, up 9.3% from KRW 3.4217 trillion in 2023, as growth in fee income and a turnaround at its securities arm offset slightly lower interest earnings.
Fee income rose 15.2% to KRW 2.07 trillion over the year, while net interest income fell 1.3% to KRW 8.76 trillion as market interest rates declined. Together the two core income lines came to about KRW 10.8 trillion.
NON-BANK UNITS RECOVER
Hana Bank, the group's main subsidiary, earned KRW 3.3564 trillion, down 3.5% on the previous year and accounting for roughly 90% of group profit. Hana Securities swung to a net profit of KRW 225.1 billion from a loss of KRW 292.4 billion in 2023, and Hana Card earned KRW 221.7 billion, up 29.6%. Hana Capital contributed KRW 116.3 billion.
The group's non-bank subsidiaries together earned about KRW 627 billion, up from about KRW 173 billion a year earlier.
CAPITAL AND SHAREHOLDER RETURNS
Hana put its Common Equity Tier 1 (CET1) ratio at an estimated 13.13% at the end of 2024, within its target range of 13.0% to 13.5%.
The board set a year-end cash dividend of KRW 1,800 per share, bringing the total dividend for 2024 to KRW 3,600 per share, KRW 200 more than a year earlier. The group also approved a KRW 400 billion share buyback and cancellation, the largest since the holding company was formed, lifting its total shareholder return ratio to 37.8%, up 4.8 percentage points.