Hana Financial Group announced on March 27 (local time) that it has signed a business agreement to expand its global operations in Europe with Crédit Agricole Corporate and Investment Bank (CIB), a leading bank in the global CIB sector, during a visit to the headquarters of Crédit Agricole Group in Montrouge, France.
The MOU is significant as it marks the first collaboration between two French and Korean banks that ventured into each other's countries 50 years ago in 1974. The two organizations plan to strengthen cooperation in various fields such as Corporate & Investment Banking (CIB), Treasury, Trade Finance, and ESG Finance across Europe.
The MOU was signed by Lee Eun-hyung, Vice Chairman of Hana Financial Group; Xavier Musca, Group Executive Vice Chairman and Chief Executive Officer of Crédit Agricole CIB; and Gérald Massenet, Senior Country Officer of Crédit Agricole CIB Korea.
"The meeting of two financial institutions with long-standing trust in both Korea and France further enhances Hana Financial Group's global position in the European financial market," said Lee Eun-hyung, Vice Chairman of Hana Financial Group. "Through this agreement, which marks the 50th anniversary of our presence in France and Korea, we will strive to create meaningful results and synergies in the next 50 years."
With this agreement, Hana Financial Group will accelerate its global business expansion in Europe.
The company plans to steadily expand the size of the local IB desk and Global Fund Center, currently operated by dispatching separate professional staff to Hana Bank's London branch, and to continue expanding its channels in Europe, including Hana Bank's Budapest office in Hungary, which opened last week, and a branch in Poland, expected to open later this year.
