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| Hana Bank CEO Lee Seung-lyul, left, poses with Beata Daszynska Muzyczka, chief of Bank Gospodarstwa Krajowego (BGK), after a meeting at the BGK headquarters in Warsaw, Poland, July 13. Courtesy of Hana Bank |
By Yoon Ja-young
Hana Bank announced that it will expand its global investment banking business in cooperation with Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland.
Lee Seung-lyul, CEO of Hana Bank, visited the BGK headquarters in Warsaw, July 13, to strengthen cooperation in global financial businesses as well as discuss further plans for diverse global investment banking sectors. They include development projects in greater Eastern Europe, reconstruction projects in Ukraine and expanding local manufacturing plants.
BGK was established in 1924 as the only national development bank of Poland, aiming at supporting the country's economic and industrial development.
Lee and BGK chief Beata Daszynska Muzyczka agreed to continue cooperation in global investment banking in sectors like infrastructure, aircraft, real estate and M&As, as well as sharing global network and market information.
As Korean businesses are increasingly entering Poland, which is one of the top three export destinations of Korea in the European Union, especially in sectors like battery and defense industries, Hana Bank aims to expand financing services for Korean firms in cooperation with the Polish development bank.
"Korean businesses, including construction companies, are expected to increase advancement into the region, amid the development and reconstruction of Eastern Europe, including Ukraine. The meeting will be the starting point of expanding financing for Ukraine reconstruction, based on cooperation with the Polish development bank BGK," Lee said.
Hana Financial Group has been actively expanding global business, setting "leading global" as one of its major management strategies for this year. It has been strengthening partnerships with major global financial companies, including signing MOUs with both Japan's Sumitomo Mitsui Trust and Taiwan's CTBC Bank.
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