Business · Companies · 2 hrs ago
Hana and Woori report strong third-quarter profits
Hana Financial Group reported a record third-quarter profit of 1.2214 trillion won in South Korea.
Higher fee income from wealth management and investment banking helped Hana’s results.
Hana plans to buy back and cancel another 250 billion won of shares, bringing its planned total for the year to about 949 billion won, a record.
Woori Financial Group also earned more than 1 trillion won for a second straight quarter, posting 1.0492 trillion won.
Its profit was lower than a year earlier, but Woori said it rose 18.7% after excluding one-time gains tied to life-insurance acquisitions.
Woori Bank’s quarterly profit topped 1 trillion won for the first time, supported by growth in lending and interest income.
Hana’s non-bank businesses contributed 14.6% of profit, a challenge for the group, while Woori’s board approved a third-quarter dividend of 220 won per share.
Hana Financial reported third-quarter net profit of 1.2214 trillion won, its highest quarterly result on record.
Woori Financial reported third-quarter net profit of 1.0492 trillion won, marking two consecutive quarters above 1 trillion won.
Hana’s profit rose 7.9% from a year earlier, while Woori’s fell from 1.244 trillion won.
Hana attributed its stronger result to increased fee income, while Woori cited lending growth and higher interest income.
Hana plans to buy back and cancel an additional 250 billion won of shares in the fourth quarter.
- Who
- Hana Financial and Woori Financial, two South Korean financial groups.
- What
- They reported third-quarter net profits of 1.2214 trillion won and 1.0492 trillion won, respectively.
- When
- October 23, 2026.
- Where
- Not stated.
- Why
- Hana benefited from higher fee income, while Woori cited lending growth and increased interest income.
This story does not have two clearly opposing sides.
Hana and Woori Financial announced their third-quarter net profits.
Hana plans to buy back and cancel an additional 250 billion won of shares.
- Hana third-quarter net profit
- 1.2214 trillion won
- Hana year-on-year profit growth
- 7.9%
- Woori third-quarter net profit
- 1.0492 trillion won
- Hana planned fourth-quarter share buyback and cancellation
- 250 billion won
- Woori third-quarter dividend per share
- 220 won