January 22, 2017 8:50 AM 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

Founded in 1897

Key Executives for SHINHAN BANK

Chief Executive Officer, President and Executive Director
Age: 59
Deputy President of Retail Business Unit and Non-Director Executive Officer
Age: 55
Executive Vice President of Compliance Department and Non-Director Executive Officer
Age: 56
Deputy President of Management Support Group and Non-Director Executive Officer
Age: 56
Deputy President of Consumer Brand Group and Non-Director Executive Officer
Age: 55
Compensation as of Fiscal Year 2016.

SHINHAN BANK Key Developments

SHINHAN BANK expected to report Fiscal Year 2016 results on January 22, 2017. This event was calculated by Capital IQ (Created on January 16, 2017).

SHINHAN BANK expected to report Fiscal Year 2016 results on January 22, 2017. This event was calculated by Capital IQ (Created on January 16, 2017).

Shinhan Bank to Launch Bitcoin Remittance Services

Shinhan Bank is soon to launch a Bitcoin remittance service between Korea and China. The bank said that the service would be available in December this year. The move will see Hong Kong acting as the intermediary because digital currency transactions are legally permitted in that nation. Shinhan Bank is to transfer value to a digital currency exchange in Hong Kong, which will convert it to bitcoin and move it to a Chinese exchange.

Shinhan Bank Announces Earnings Results for the Third Quarter and Nine Months of 2016

Shinhan Bank announced earnings results for the third quarter and nine months of 2016. For the quarter, the company reported net income of KRW 485 billion, a 7.3% increase quarter on quarter. Interest income grew 7% year on year, with margin stabilization and continued loan growth and noninterest income also grew 3.6% with the decline in securities impairment losses. Noninterest income went down 32.7% quarter on quarter. A main factor was the fadeout of the sizable AFS disposition, again, occurred in the previous quarter. For the nine months, the company reported net income of KRW 1,511,700,000,000, a 20.7% increase year on year. Noninterest income of KRW 865.8 billion, a 3.5% increase year on year.

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