[Photo: Hana Financial Group]

Hana Financial Group said on Monday it will swiftly push ahead with a humanitarian support programme, including daily necessities and relief packages, for Koreans affected locally, after consultations with government-related agencies, as the situation in the Middle East rapidly worsens in connection with the recent Iran incident.

The emergency support programme was prepared as part of inclusive finance to help ensure the safety and livelihood stability of Koreans in the area facing crisis conditions.

Hana Bank is also establishing a pre-emptive response system by scenario as the Middle East crisis intensifies and will provide emergency special financial support to help stabilise the management of companies affected by the Iran incident.

It will supply a total of 12 trillion won in funds to provide emergency liquidity to affected companies and offer up to 500 million won in emergency management stabilisation funds per company.

It will also support affected domestic companies by extending maturities on loans due for repayment for up to 1 year, deferring instalment repayments for up to 6 months, and cutting loan interest rates by up to 1.0 percentage point.

The financial support targets companies that have entered the Middle East region, companies that have records of or plans for export-import transactions in the Middle East region since January 2025, and other affected companies such as partner suppliers related to those companies.

Hahm Young-joo (함영주), chairman of Hana Financial Group, said, "We will focus all the group's capabilities so that Koreans and companies suffering from unexpected instability in the international situation can regain stability as soon as possible." He added, "We will continue to put our social responsibility into practice."

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#Hana Financial Group #Hana Bank #Iran #Middle East #inclusive finance
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