Hana Bank announced on April 8 that it was selected as the ¡°Best Bank in Korea 2022¡± by Global Finance, an American media outlet specializing in global finance and economics.
Before this honor, Hana Bank won the Korea¡¯s Best Foreign Exchange Bank Prize in 21 consecutive years, Korea¡¯s Best Trade Finance Bank Prize 21 consecutive times, and the Korean PB Bank Prize nine consecutive times.
The ¡°Best Bank in Korea 2022¡± title further solidifies its position in the global financial market.
¡°Hana Bank is maintaining its unwavering leadership in Korea in the field of foreign exchanges and trade finance by signing exchange transactions with 1,152 foreign banks in 106 countries around the world,¡± Global Finance said.
¡°We bestow this honor on Hana Bank as we highly evaluated Hana Bank¡¯s launch of innovative digital products and services in line with the rapid digitization of financial markets and strengthening global sales based on localization strategies.¡±
¡°I am very pleased to see Hana Bank¡¯s global capabilities once again duly recognized in the global market,¡± said an official of the FI Biz Unit at Hana Bank¡¯s global business support section.
¡°Hana Bank will steadily maintain its reputation as the best bank in Korea based on changes and innovation in the rapidly changing financial environment.¡±
Global Finance is a world-renowned financial and economic media outlet that has been subscribed to by more than 50,000 CEOs and financial experts in 190 countries since its foundation in New York in 1987.
Through detailed surveys targeting companies and financial institutions, the best banks by country have been selected and announced by Global Finance every year.
Hana Bank announced on April 8 that it was selected as the Best Bank in Korea 2022 by Global Finance, a U.S. financial and economic magazine. (Photos: Hana Bank)
Issuance of ESG bonds
Hana Bank announced on March 24 that it succeeded in issuing $600 million worth of ESG bonds.
These bonds were issued in the form of a sustainability bond. The issuance of them was quite meaningful in that global investors showed their investment confidence in Korean bonds for the first time after Korean bonds¡¯ geopolitical risk.
The bond issued this time has maturity of 5 years.
As a result of completing investor recruitment through the Asian, European, and U.S. markets, their interest rate was 32.5bps lower than the IPG (starting rate) and the addition of 92.5 to the interest rate of U.S. government bonds.
The final coupon rate was set at 3.25 percent.
Hana Bank said that it cut interest rates that exceeded 30bps in spite of difficult circumstances such as the prolonged war in Ukraine, soaring raw material prices, and hawkish remarks made by US Fed Chairman Powell in the beginning of the week.
At the same, it increased the amount of bonds by $100 million from the initially planned amount of $500 million.
Enshrinement Plan Trust
Hana Bank announced that it has launched Enshrinement Plan Trust that can satisfy the diverse needs of customers as Korea enters a super-aged society.
The bank will also enable customers to use high-quality enshrinement services through the trust.
Enshrinement Plan Trust was launched for parents who want to ease financial burdens for enshrinement services and charnels on their children and children who are concerned about their parents¡¯ enshrinement and burial facilities.
Customers are able to freely deposit money in Enshrinement Plan Trust and withdraw money from it at any time.
This financial product can be subscribed with a minimum of 10,000 won to a maximum of 100 million won.