May 01, 2016 9:49 PM ET

Banks

Company Overview of SHINHAN BANK

Company Overview

Shinhan Bank, together with its subsidiaries, provides a range of commercial and other banking services to individuals and corporate customers. It operates through four segments: Retail Banking, Corporate Banking, International Group, and Other. It offers various deposit products, such as demand deposits, time and savings deposits, checking accounts, and certificates of deposit. The company also provides mortgage and home equity loans, and other retail loans; and loans to small- and medium-sized enterprises, and government-controlled enterprises, as well as working capital loans and facilities loans. In addition, it offers electronic banking and ATM, bill payment, payroll and check-cashing, ...

20, Sejong-Daero 9-Gil

Jung-Gu

Seoul,  100-724

South Korea

Key Executives for SHINHAN BANK

Chief Executive Officer, President, Executive Director and Member of Outside Director Recommendation Committee
Age: 57
Deputy President of Retail Business Unit and Non-Director Executive Officer
Age: 54
Executive Vice President of Compliance Department and Non-Director Executive Officer
Age: 55
Deputy President of Management Support Group and Non-Director Executive Officer
Age: 55
Deputy President of Consumer Brand Group and Non-Director Executive Officer
Age: 54
Compensation as of Fiscal Year 2015.

SHINHAN BANK Key Developments

SHINHAN BANK Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2015

SHINHAN BANK announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company's net interest income was KRW 4,164,715 million compared with KRW 4,367,133 million a year ago. Operating income was KRW 1,733,726 million compared with KRW 1,797,396 million a year ago. Profit before income tax was KRW 1,875,070 million compared with KRW 1,835,796 million a year ago. Profit for the year was KRW 1,489,988 million compared with KRW 1,455,653 million a year ago. Profit attributable to equity holder of the company was KRW 1,489,654 million or KRW 903 per basic and diluted share compared with KRW 1,455,224 million or KRW 857 per basic and diluted share a year ago. Net cash provided by operating activities was KRW 974,564 million compared with net cash used in operating activities of KRW 1,785,704 million a year ago. Acquisitions of property and equipment were KRW 109,292 million compared with KRW 128,279 million a year ago. Acquisitions of intangible assets were KRW 95,596 million compared with KRW 18,078 million a year ago.

SHINHAN BANK Resolves to Pay Cash Dividends for the Fiscal Year of 2015; Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2015

On February 3, 2016, the Board of Directors of Shinhan Bank resolved to pay cash dividends of KRW 650 billion or KRW 409.94 per common share for the fiscal year of 2015, subject tode shareholders' approval. The company announced consolidated earnings results for the fourth quarter and full year of 2015. For the quarter, the company's revenue was KRW 2,135,151 million compared with KRW 3,690,145 million a year ago. Operating income was KRW 311,393 million compared with KRW 206,001 million a year ago. Income before income taxes was KRW 306,515 million compared with KRW 214,993 million a year ago. Net income was KRW 236,970 million compared with KRW 183,350 million a year ago. For the year, the company's revenue was KRW 14,656,853 million compared with KRW 13,987,647 million a year ago. Operating income was KRW 1,733,726 million compared with KRW 1,797,396 million a year ago. Income before income taxes was KRW 1,875,070 million compared with KRW 1,835,796 million a year ago. Net income was KRW 1,489,988 million compared with KRW 1,455,653 million a year ago.

Shinhan Bank Opens Branch in Dubai International Financial Centre

Shinhan Bank has opened it branch in Dubai International Financial Centre (DIFC).

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