The upcoming merger between Hana and Korea Exchange Bank is expected to put them at second in the banking sector in terms of loans in Korean currency, according to figures from the Financial Supervisory Service on Tuesday.
On that day, the chiefs of the two banks agreed to push for an earlier completion of the long-planned merger.
The FSS figures showed that KB Kookmin Bank would stand at first place with 189.7 trillion won ($186.1 billion) in outstanding loans.
Following the merger, Hana and KEB’s loans would reach up to 162 trillion won to put it at second place ahead of Woori Bank.
The banks’ market share in the foreign exchange market also would soar past 40 percent following the integration, the FSS data showed.