Sep 29, 2025, 12:00 AM
Sep 29, 2025, 12:00 AM

Hana Bank opens new branch in Wroclaw, Poland

Highlights
  • Hana Bank has entered a correspondent banking relationship with StoneX Financial in London.
  • The bank has opened a new branch in Wroclaw, Poland, following a memorandum of understanding with PKO Bank Polski.
  • This expansion aims to strengthen support for Korean businesses and enhance financial services in Europe.
Story

South Korea's Hana Bank has made a significant move by enhancing its presence in the European market through a partnership with StoneX's British subsidiary. This partnership was confirmed in a statement on September 29, 2025, and is aimed at bolstering Korean won payment capabilities. The agreement also aligns with the South Korean government's initiative to extend foreign exchange market operation hours. Alongside this partnership, Hana Bank announced the opening of a new branch in Wroclaw, Poland, a strategic location that supports its expansion goals in Europe. Wroclaw, located in southwestern Poland, has become an attractive hub for many companies, including several Korean firms. By establishing a branch in this city, Hana Bank seeks to better support Korean defense manufacturers like Hyundai Rotem and Hanwha Aerospace, which have contracts with the Polish military to supply various military equipment. The move is particularly meaningful as Hana Bank is the first Korean bank to set up a branch in Wroclaw, highlighting its commitment to engage more with the local economy and support Korean businesses working in the region. Prior to the branch opening, Hana Bank signed a memorandum of understanding with PKO Bank Polski, Poland's largest commercial bank, which indicates a strategic collaboration aimed at enhancing financial services between the two banks. With this relationship, both institutions are positioned to provide better financial solutions for their clients in Poland, particularly for Korean firms operating there. This development not only represents Hana Bank's growing footprint in Europe but also signifies the strengthening ties between South Korea and Poland. As Hana Bank continues to expand its European network, it is expected to play a vital role in facilitating financial transactions and supporting bilateral trade initiatives between the two countries. The overall objective is to create a sustainable business environment that benefits both the South Korean and Polish economies, thus reinforcing Hana Bank’s position as a key player in the European financial landscape.

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