Company Overview of SHINHAN BANK
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
Founded in 1897
Key Executives for SHINHAN BANK
Chief Executive Officer, President, Executive Director and Member of Outside Director Recommendation Committee
Deputy President of Retail Business Unit and Non-Director Executive Officer
Executive Vice President of Compliance Department and Non-Director Executive Officer
Deputy President of Management Support Group and Non-Director Executive Officer
Deputy President of Consumer Brand Group and Non-Director Executive Officer
Compensation as of Fiscal Year 2016.
SHINHAN BANK Key Developments
Shinhan Bank Announces Earnings Results for the Third Quarter and Nine Months of 2016
Oct 20 16
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.
SHINHAN Seeks Acquisitions
Sep 25 16
SHINHAN BANK is seeking acquisitions for organic growth. The bank is considering options such as mergers and acquisitions in emerging markets or markets with long-term growth potential, as well as equity investment and strategic partnerships.
SHINHAN BANK Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Jul 21 16
SHINHAN BANK announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues of KRW 3,201,950 million compared with KRW 3,569,645 million for the same period a year ago. Operating income was KRW 548,232 million compared with KRW 486,742 million for the same period a year ago. Income before income taxes was KRW 444,368 million compared with KRW 509,522 million for the same period a year ago. Net income attributable to controlling interest was KRW 451,809 million compared with KRW 400,411 million for the same period a year ago.
For the six months, the company reported revenues of KRW 7,858,144 million compared with KRW 6,932,682 million for the same period a year ago. Operating income was KRW 969,768 million compared with KRW 955,348 million for the same period a year ago. Income before income taxes was KRW 1,010,889 million compared with KRW 1,010,575 million for the same period a year ago. Net income attributable to controlling interest was KRW 1,026,690 million compared with KRW 790,329 million for the same period a year ago.
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