... reflect Fitch Ratings' belief in an extremely high probability of extraordinary support from the South Korean state (AA-/Stable), if needed. This view is based on Hana's systemic importance as one of the major commercial banks in the country. Management and Operational Risk: In Fitch's view, Hana has vulnerabilities in its operational risk controls as management often executes strategies quickly to meet challenging targets with limited preparation. Hana/Hana Financial Group (HFG) have improved operational risk controls, but there is room for further improvements. Solid Franchise: Hana, as one of the major nationwide commercial banks, has a solid franchise in Korea. Although its franchise is currently smaller than that of its close local peers, Hana's market share will be comparable with the largest banks in Korea when it merges with its sister bank, Korea Exchange Bank (KEB, A-/Stable), in 2017. Funding/Liquidity, Capitalisation: Hana's funding...
