KEB aims to increase its profits in Mideast, EuropeKorea Exchange Bank (KEB) President Kim Han-jo on Saturday announced his plans at the bank’s London office to increase competitiveness in Europe and the Middle East.
According to the bank, the plan is part of a larger scheme to reach Hana Financial Group’s goal of raising its overall profits made from overseas businesses to 40 percent by 2025 from about 18 percent currently.
KEB has 90 branch locations across the globe including nine in Europe and the Middle East. The profits made in the two regions account for 15 percent of all of the bank’s overseas business.
The loan businesses in the regions account for 23 percent.