Hana Bank Expands Global Reach with New Office in Subic, Philippines

Hana Bank has opened a branch in Subic, Philippines, as part of its efforts to expand its operations in Southeast Asia.

On June 7, Hana Bank announced the opening of its Subic branch, aimed at broadening its network in Southeast Asia and meeting the financial service demands of Korean companies and expatriates in the region.

Subic is an economic zone located approximately 100 kilometers northwest of Manila, the capital of the Philippines, and is home to HD Hyundai Heavy Industries' Philippine subsidiary. HD Hyundai Heavy Industries has been refurbishing its shipbuilding facilities in Subic and began full-scale ship construction in the second half of last year, aiming to produce up to 10 vessels annually and develop the Subic shipyard as a key production hub in Southeast Asia.

Hana Bank plans to proactively address the financial needs of HD Hyundai Heavy Industries through its Subic branch. The bank will also support local Korean businesses and provide financial services to the expatriate community. Building on its experience from the Manila branch, Hana Bank aims to establish a comprehensive network that encompasses the financial needs of the Clark area near Subic.

With the opening of the Subic branch, Hana Bank now operates 114 networks across 27 regions, the largest number in South Korea, following the establishment of two branches in India in the second half of last year.

Kim Young-jun, Vice President of Hana Bank's Global Group, stated, "The opening of the Subic branch is part of our long-term growth strategy for key markets in Southeast Asia. We will provide more tailored financial services not only to Korean companies and expatriates but also to local customers."