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Hanmi Bank rises from Koreatown lender to regional bank

Korea Economic Daily LogoKorea Economic Daily1d ago

Hanmi Bank rises from Koreatown lender to regional bank - Korea Economic Daily

Quick Summary:

SOLID EARNINGSHanmi Financial’s net income edged up to $14.9 million in the third quarter, compared with $14.5 million in the prior three months.“These results reflect the continued success of our relationship banking model and our portfolio diversification strategy,” said Bonnie Lee, CEO of Hanmi, in a third-quarter earnings report in October.

OUTPERFORMING A LARGER RIVALDespite its smaller assets and earnings, Hanmi Financial outperformed Hope Bancorp in terms of both net interest margin (NIM) and share price in the third quarter.

Today, Hanmi Bank, under Nasdaq-listed Hanmi Financial Corp., has grown into one of the US' top 10 Asian American-owned banks, symbolizing the rising influence of the Korean community in the world's largest economy.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 13:14:42 (1 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23543934

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 16 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 13 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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