Hana Financial Group reported significant increases in operating profit and net profit for the first half of the year, driven by rising brokerage fees and stable performance in its investment banking (IB) sector.
The company announced on July 24 that its consolidated net profit for the first half of the year reached 273.1 billion won, a 155.7% increase compared to the same period last year. In the second quarter, net profit was 169.8 billion won, up 64.4% from the previous quarter's 103.3 billion won.
Operating profit for the first half was 345.3 billion won, marking a 190.6% increase.
Commission income was a key driver of this performance improvement, totaling 498.6 billion won for the first half, a 158.2% increase from 193.1 billion won during the same period last year. In the second quarter, commission income also rose to 303.3 billion won, up 55.3% from the previous quarter's 195.3 billion won.
Other operating income increased by 94.3% to 123.9 billion won compared to the same period last year.
However, interest income declined, totaling 248.1 billion won, down 3.9% from 258.2 billion won in the same period last year. The company also recorded a trading and evaluation loss of 104.1 billion won, continuing a trend of losses from the previous year's 108.8 billion won deficit.
A company representative stated, "We have proactively responded to market volatility and secured a stable growth foundation."
The wealth management (WM) sector benefited from increased trading volumes in the stock market, leading to higher brokerage fees and increased sales of financial products. The investment banking (IB) sector secured stable earnings through high-quality deals, including acquisition financing and real estate transactions. The sales and trading (S&T) sector improved profitability through proactive risk management and strategic asset allocation in response to geopolitical risks earlier in the year.
The representative added, "By improving the structure of all business divisions, we have expanded profitability and secured stable growth momentum. In the third quarter, we plan to provide customers with new investment experiences through the commercialization of a foreign investment platform and the launch of a new mobile trading system (MTS)."
* This article has been translated by AI.
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