Hana Financial Group announced Friday that Hana Bank and Korea Exchange Bank received awards from Hong-Kong-based magazine Finance Asia.

The magazine named Hana Bank on Friday the Best Bank in Korea and KEB the Best Foreign Bank in Korea. Finance Asia announces the best banks in different Asian countries every year through Country Awards.

The magazine commented that Hana Bank has shown stable financial growth and growing market share despite the unstable financial environment in and out of the country, and that KEB is recognized in the international financial market and is enhancing its dominance in the local market.

“We will put in our best efforts to leap as a global bank by gaining a firm foothold both in and out of the country through differentiated products and services,” said Hana Bank officials through a statement about the award.

KEB officials expressed satisfaction that the competence of the bank’s foreign currency department, which is its core business, had been recognized again in the global market.

“Despite the fierce competition with other banks, we, as a bank specializing in foreign currency, will lead the market with new products that appeal to fluctuating demands,” said KEB officials in the statement.

By Park Min-young  (claire@heraldcorp.com)