Hana Financial posts record 9-month profit of W3.62tr

What happened: Hana Financial Group reported a record net profit of 3.62 trillion won for the first nine months of the year, and its board approved a 250 billion won share buyback and cancellation program plus a quarterly dividend of 1,165 won per share. Key numbers: Nine-month net profit 3.62 trillion won, up 5.6 percent on-year. Why it matters: The group said the buybacks and cancellations were its largest-ever shareholder return, and the CET1 ratio exceeded its target of 13 percent or higher under its Value-up Plan 2.0.

Hana Financial Group reported a record net profit of 3.62 trillion won for the first nine months of the year, and its board approved a 250 billion won share buyback and cancellation program plus a quarterly dividend of 1,165 won per share.

The group said the buybacks and cancellations were its largest-ever shareholder return, and the CET1 ratio exceeded its target of 13 percent or higher under its Value-up Plan 2.0.