KEB Hana Bank announced that its German subsidiary, “KEB Hana Bank Germany,” has obtained an international credit rating of “Aa3” from Moody’s, one of the world’s top three credit rating agencies.
KEB Hana Bank (D) AG, a wholly-owned subsidiary of KEB Hana Bank, has been operating in Frankfurt, Germany, the financial hub of Europe, since 1970, providing corporate banking services to Korean and local companies in Europe.
Furthermore, KEB Hana Bank (D) AG, which holds a banking license in the European Union (EU), takes a leading role in KEB Hana Bank’s strategy to expand its business network in Europe under the “EU Single Passport Rule,” which allows it to freely open branches in other EU member states.
Moody’s announced that it assigned KEB Hana Bank (D) AG the same Aa3 rating as KEB Hana Bank in its first-ever rating assessment, citing the bank’s business structure, credit and liquidity risk management, and stable linkages to its parent, KEB Hana Bank.