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Shinhan Bank

South Korean bank

Shinhan Bank
Summary

South Korean bank

FieldValue
nameShinhan Bank Co., Ltd.
logoShinhan Bank Logo (ENG).svg
imageShinhan Bank 20190608 001.jpg
image_captionShinhan Bank Headquarters, Seoul in 2019
native_name주식회사 신한은행
native_name_langko
typeSubsidiary
industryFinancial services
predecessorChohung Bank
founded
hq_location_cityJung-gu, Seoul
hq_location_countrySouth Korea
area_servedSouth Korean and worldwide
products
num_employees_year
parentShinhan Financial Group
ratio
rating
website

Shinhan Bank Co., Ltd. () is a South-Korean bank headquartered in Seoul. It was founded under this name in 1982, but through its merger with Chohung Bank in 2006, traces its origins to the Hanseong Bank (est. 1897), one of the first banks to be established in Korea. It is part of the Shinhan Financial Group, along with Jeju Bank.

, Shinhan Bank had total assets of , total deposits of and loans of . Shinhan Bank is the main subsidiary of Shinhan Financial Group (SFG).

History

With capital provided by Korean businessmen residing in Japan, Lee Hee-gun founded Shinhan Bank on as a small venture with a capital stock of KRW 25.0 billion, 279 employees, and three branches; Kim Se-chang became its first president.

In August 2003, Shinhan Financial Group acquired more than 80 percent of shares in Chohung Bank, the successor entity of Hanseong Bank founded in 1897, and raised its stake to 100 percent in June 2004. At the time, Shinhan and Chohung were respectively fourth- and fifth-largest by assets in Korea's banking market, and their combination created the country's second-largest banking group, behind Kookmin Bank and ahead of Woori Bank and Hana Bank.

On , Shinhan Bank and Chohung Bank merged into a single legal entity. Because of the prestige associated with Chohung Bank's history, the transaction was engineered so that it was Chohung that absorbed Shinhan and subsequently renamed itself Shinhan Bank.

In March 2013, the Financial Services Commission of South Korea said that Shinhan Bank reported that its Internet banking servers had been temporarily blocked. The South Korean government asserted a North Korean link in the March cyberattacks, which has been denied by Pyongyang.

February 25, 2008 - Shinhan Bank Kazakhstan JSC was registered (License for banking and other operations No. 1.1.258 dated November 28, 2008), and currently, Shinhan Bank Kazakhstan JSC carries out banking operations both in the currency of the Republic of Kazakhstan and in foreign currency. License of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market No. 1.1.258 dated 03.02.2020.

In Vietnam

Shinhan Bank Vietnam branch head office currently located at The MeTT Building (left one) in 15 Trần Bạch Đằng Street, [[Thủ Thiêm]], [[Thủ Đức

Shinhan officially established its Ho Chi Minh City branch in December 1994, becoming the first Korean bank to establish a branch in Vietnam.

In the 2008-2009 period, Shinhan Bank was licensed to become one of the five banks with 100% foreign capital. In 2011, the bank merged with Shinhan Vina Bank to become Shinhan Vietnam Bank - the foreign bank with the highest charter capital at the time.

In 2017, Shinhan Bank acquired the retail segment of ANZ Vietnam Bank. In early 2020, Shinhan Vietnam Bank was rated BBB (stable) in the long term by international credit rating agency Standard & Poor's (S&P).

According to S&P's assessment, Shinhan Vietnam Bank plays an indispensable role in Shinhan Financial Group's (Shinhan Financial Group - SFG) global business expansion goals. At the same time, in November 2020, Shinhan Vietnam Bank officially announced the implementation of Basel II Pillar 2 on capital adequacy assessment processes.

References

References

  1. "Shinhan Bank".
  2. Byung-sun Choi. (1991). "The Politics of Financial Control and Reform in Korea". Korean Journal of Policy Studies.
  3. "The Birth of Shinhan Bank".
  4. ({{date). "Form 20-F: Shinhan Financial Group Co., Ltd.".
  5. "Ranking of Korean Banks by Total Assets, Net Loans, and Total Deposits: (as of 12/31/04)".
  6. Choe Sang-Hun, [https://www.nytimes.com/2013/03/21/world/asia/south-korea-computer-network-crashes.html "Computer Networks in South Korea Are Paralyzed in Cyberattacks"], ''[[The New York Times]]'', 20 March 2013.
  7. [https://kompra.kz/card/1684854/report?referralCode=shnhnbnkkz Shinhan Bank in Kazakhstan, finances, licenses, risk factors]
  8. Trí, Dân. (2023-08-21). "Hành trình 30 năm nâng tầm giá trị tại Việt Nam của Ngân hàng Shinhan".
  9. VnExpress. "30 năm phát triển của ngân hàng Shinhan tại Việt Nam".
  10. (2023-08-21). "Ngân hàng Shinhan kỷ niệm 30 năm tại Việt Nam-hành trình lan tỏa tài chính ấm áp".
  11. (2023-06-13). "Shinhan: 30 năm đồng hành cùng thị trường Việt".
  12. (2023-08-21). "Ngân hàng Shinhan Việt Nam kỷ niệm 30 năm có mặt tại Việt Nam".
  13. (2023-08-21). "Ngân hàng Shinhan kỷ niệm 30 năm tại Việt Nam-hành trình lan tỏa tài chính ấm áp".
  14. (2023-06-13). "Shinhan: 30 năm đồng hành cùng thị trường Việt".
  15. admin, beta. (2011-11-28). "Shinhan Vietnam Bank hoàn tất việc sáp nhập".
  16. (2017-04-21). "ANZ nhượng mảng bán lẻ tại Việt Nam cho Ngân hàng Shinhan".
  17. VnExpress. "ANZ nhượng mảng bán lẻ tại Việt Nam cho Ngân hàng Shinhan".
  18. (2023-05-22). "Ngân hàng Shinhan Việt Nam nhận bằng khen thành tích xuất sắc về chuyển đổi số từ Ngân hàng Nhà nước".
  19. thitruongtaichinhtiente.vn. (2020-12-14). "Ngân hàng Shinhan được vinh danh trong Top 100 doanh nghiệp bền vững Việt Nam năm 2020".
  20. Nam, Thời báo Tài chính Việt. "Ngân hàng Shinhan: Top 100 doanh nghiệp bền vững tại Việt Nam năm 2020".
  21. baotintuc.vn. (2020-01-18). "Ngân hàng Shinhan được Standard & Poor’s đánh giá triển vọng phát triển ổn định".
  22. "Những dấu ấn quan trọng của Ngân hàng Shinhan trong năm 2020".
  23. Quoc, Bao. (2020-01-17). "Vanilla prepaid card".
  24. (2020-05-30). "Ngân hàng ngoại: “Quả ngọt” sau những vụ gieo trồng".
  25. "Những dấu ấn quan trọng của Ngân hàng Shinhan trong năm 2020".
  26. tư, Tạp chí Kinh tế và Dự báo-Bộ Kế hoạch và Đầu. "Tác động của dịch Covid-19 đến kết quả hoạt động kinh doanh của hệ thống ngân hàng thương mại Việt Nam".
  27. "Tái cơ cấu tổ chức tín dụng - Những kết quả đạt được".
Wikipedia Source

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banks-of-south-korea companies-based-in-seoul banks-established-in-1897 south-korean-brands 1897-establishments-in-korea
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