Hana Bank expands business in Europe

Published: Monday, September 29, 2025 at 1:34 pm

Hana Bank Broadens European Footprint with New Partnerships and Branch

SEOUL, Sept. 29 (UPI) – South Korea's Hana Bank is expanding its operations in Europe through strategic partnerships and the establishment of a new branch. The Seoul-based bank announced a correspondent banking relationship with StoneX Financial, a British subsidiary of StoneX, to bolster its foreign exchange and remittance services.

Under the agreement, Hana Bank will utilize StoneX's platform to improve its cross-border foreign exchange payment capabilities. This partnership is expected to benefit international corporate clients. According to a statement from Hana Bank, the bank aims to contribute to StoneX's Korean won payment capabilities and align with the Korean government's efforts to open up the foreign exchange market.

In addition to the StoneX partnership, Hana Bank has opened a new branch in Wroclaw, Poland. This expansion marks the bank's entry into a city that is home to numerous companies, including Korean firms. The bank already has a presence in several other European countries, including the United Kingdom, Germany, France, the Netherlands, Hungary, and the Czech Republic.

The new branch in Poland is expected to provide enhanced support to Korean defense manufacturers that supply equipment to the Polish military. Prior to the Wroclaw opening, Hana Bank signed a memorandum of understanding with PKO Bank Polski, Poland's largest commercial bank. Hana Bank's CEO highlighted the significance of being the first Korean bank to open a branch in Wroclaw, a key city in Eastern Europe's largest economy.

BNN's Perspective:

Hana Bank's expansion strategy appears to be a well-considered move, leveraging partnerships and strategic locations to strengthen its position in the European market. This expansion not only benefits the bank but also supports Korean businesses operating in Europe and aligns with broader economic goals. While the move is positive, it is important to monitor the long-term impact of these expansions on the bank's overall financial performance and its ability to navigate the complexities of the European market.

Keywords: Hana Bank, Europe, expansion, StoneX, foreign exchange, remittance services, Poland, Wroclaw, Korean companies, PKO Bank Polski, international corporate clients, Korean defense manufacturers, banking, partnerships

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