Hana Financial Holdings “Temporary decline in dividend payout ratio… Maintains shareholder return unchanged”

[이데일리 전선형 기자] Hana Financial Group officially apologized to shareholders for lowering its dividend payout ratio last year. Hana Financial Group accepted the recommendation of’dividend payout ratio within 20%’ ordered by the financial authorities, and the dividend payout ratio decreased by 6 percentage points from the previous year. However, Hana Financial Group plans to actively review measures to increase shareholder value, such as interim dividends.

On the 5th, Seung Lee, Executive Vice President of Finance of Hana Financial Group, announced a business performance conference call, “We apologize to shareholders and investors for the low dividend level despite good results.” “Increased uncertainty in the financial market due to the prolonged Corona 19 “We have inevitably reduced our dividend payout ratio last year, taking into account the recommendations of the financial authorities.” “Although the end of the tunnel is visible, there is a potential risk due to liquidity supply and deferment of interest repayment, and the crisis continues with the gap between real and financial indicators.” It was judged that it was a rather favorable direction for the increase.”

Earlier, the Financial Services Commission decided on a recommendation last month to temporarily limit the dividends of domestic financial holdings and banks to’within 20% of net profit’ until June. This is because some banks may not have enough capital if the Corona 19 crisis prolongs.

In particular, the financial authorities discussed the results of a stress test that assumed a greater crisis than the 1997 financial crisis level, and requested banks to manage their soundness. The stress test was conducted in U-shaped (long-term recovery) and L-shaped (long-term recession).In some banks, the capital ratio in the L-shaped scenario was the minimum duty ratio (common stock capital ratio 4.5%, basic capital ratio 6%, total capital ratio 8). %).

However, Hana Financial Group promised to maintain the existing shareholder return policy as this reduction in dividend payout ratio is a temporary issue.

“This dividend payout ratio was applied temporarily and temporarily,” said Lee. “We will practice increasing shareholder value in a variety of ways, including mid-term and ending dividends.” Hana Financial Group has provided interim dividends every year since 2005, just before the launch of the holding company.

He continued, “There is no change in the policy that shareholder return is the top priority,” he said. “It is not possible to definitively disclose the interim dividend this year. I will do my best,” he added.