Sat, November 26, 2022

Hana Financial Acquires 35% Stake in BIDV Securities

Broker News

As one of the leading financial services providers in South Korea, Hana Financial has proven to be a powerful and influential player on the global stage. The company recently made a major move to expand its footprint in Southeast Asia by acquiring a 35% stake in BIDV Securities.

BIDV Securities is one of the biggest financial brokerage firms in Vietnam. The deal demonstrates Hana Financial’s keen understanding of Southeast Asia’s importance for companies looking to get ahead in the global market. By forging strong connections with key players like BIDV Securities, Hana Financial is well-positioned to capitalize on all that this dynamic region has to offer. With its massive population and growing consumer base, Southeast Asia is a market that cannot be ignored, and Hana Financial seems determined not to miss out on all of its opportunities.

Since its launch in 2011, BIDV Securities has quickly become one of the leading players in the financial services industry. This success is primarily thanks to the firm’s affiliation with BIDV, Vietnam’s largest state-owned commercial bank. With this designation as the settlement bank for the Vietnamese stock market, BIDV has access to a vast network of resources and expertise that have helped guide the growth and development of BIDV Securities.

Experts believe that BIDV Securities has what it takes to continue on its trajectory as one of the most successful securities firms in Southeast Asia. With rapidly expanding economies and industries across the region, there is significant demand for dynamic, innovative financial services providers like BIDV Securities. Given these trends, it seems clear that the firm is poised for long-term success in an increasingly digital world. Whether through its cutting-edge online platform or its deep understanding of regional markets and consumer preferences, BIDV Securities will be at the forefront of financial innovation for years to come.

Hana Financial Group

When it comes to financial services, Hana is undoubtedly one of the leading groups in the region. Hana has established itself as a trusted partner for millions of clients worldwide with its diverse offerings and a strong focus on customer satisfaction.

Recently, the Group released its latest quarterly financial results, which showed impressive growth across all segments. Net income for the quarter came in at 902.2 billion KRW, marking an increase of 8% over last year’s figures. Meanwhile, core earnings climbed to 2,473.7 billion KRW, representing an increase of 12.9% compared to Q3 2017. This impressive growth underscores Hana’s commitment to consistently delivering excellence in all aspects of its operations.

As an example of this commitment to quality service, we can look at Hana’s banking segment, which saw rapid growth in retail deposits and loans and improved efficiency ratios and net interest margins. Similarly, promising performance was also reported in investment management and insurance operations, further cementing Hana’s position as a leader in the industry. Overall, it is clear that Hana continues to thrive by focusing on what matters: delivering quality services that drive actual results for customers worldwide.

The Group’s focus on robust top-line growth and enhanced performance of critical subsidiaries resulted in solid earnings in the current quarter. Bank NIM expansion, loan growth, and diversified fee income streams contributed to record core earnings. The Group’s asset quality-focused asset growth strategy ensured a benign level of credit cost, securing a sufficient buffer against the annual target. The Group remains focused on delivering strong financial results and creating shareholder value.

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