Hana Financial Q3 net rises 63 pct on lending, smaller reserves
Oct 18, 2013
South Korea's No. 3 banking group Hana Financial Group Inc. said Friday its third-quarter earnings jumped 63 percent from a year earlier on lending growth and smaller loan-loss reserves.Net profit amounted to 377.5 billion won (US$356 million) in the July-September period, compared with 231.6 billion won the previous year, the group, which bought Korea Exchange Bank early last year, said in a regulatory filing.Compared with three months earlier, net income jumped 62.9 percent in the third quarte