Hana Bank’s Chinese branch scores 10 billion. personal loan yuan

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Hana Bank’s Chinese branch scores 10 billion. personal loan yuan

By Yi Whan Woo

Hana Bank said on Thursday that its branch in China had hit the 10 billion yuan ($1.54 billion) mark in total personal loans, a first among Korean lenders operating there.

He said the milestone comes less than three years after Hana Bank (China) Company Ltd. launched its loan service allowing customers to borrow small amounts of money via mobile banking.
This promotional image features Hana Bank (China) Company Ltd.  reaching 10 billion yuan ($1.54 billion) in personal loans.  / Courtesy of Hana Bank
This promotional image features Hana Bank (China) Company Ltd. reaching 10 billion yuan ($1.54 billion) in personal loans. / Courtesy of Hana Bank

The service was made possible in cooperation with Alibaba, Baidu and Ctrip, each of which is a leading platform for online shopping malls, search engines and online travel agencies, respectively.

“This milestone has indeed been achieved by capitalizing on the expertise of China’s leading ICT companies as platform operators,” the bank said.

The bank expressed hope that its lending service will become more popular as more retail customers turn to digital banking rather than offline banking in the era of the pandemic.

“In this regard, we will try to overcome the obstacles associated with offline operations by actively working with platform operators to attract new customers to cyberspace,” the lender said.

It intended to capitalize on the commercial know-how of its branch in China to expand its presence in other countries.

The bank’s retail banking strategy in China is in line with Hana Financial Group Chairman Ham Young-joo’s vision for digital innovation in finance.

Ham, who took office in March, highlighted this innovation as well as leveraging the group’s skills on its way to becoming Asia’s leading financial services company.































































































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