Hana and KEB merge their branches in Indonesian market

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Hana and KEB merge their branches in Indonesian market

Hana Financial Group and Korea Exchange Bank have merged their overseas operations. Hana became the majority owner of KEB in 2012.

According to the banks, separate branches in Indonesia have been merged under the name PT Bank KEB Hana. The branches in Indonesia now have combined assets of 1.3 trillion won.

The bank said it has set a target of becoming the 20th-largest bank by assets in Indonesia within 10 years.
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