Hana Financial's Q1 net falls over 30%
April 25, 2014
Hana Financial Group, the country's third-largest financial group, said Friday its first quarter net income fell more than 30 percent on-year due mainly to losses from a state-led micro loan and its implication in an illegal lending scheme. Net profit stood at 207.8 billion won ($200 million) in the January-March period, compared with 311.8 billion won a year earlier, the group said in a regulatory filing. From three months earlier, profit jumped almost 200 percent. The bottom line, however, wa