Company Overview of SHINHAN BANK
Shinhan Bank, together with its subsidiaries, provides a range of commercial and other banking services to retail and corporate customers in Korea and internationally. It offers retail banking services to individual customers, wealth management customers, and institutions, such as hospitals, airports, and schools. The company also provides corporate banking and treasury services to corporations, including small or medium sized companies and businesses related to investment banking; internal asset and liability management; trading of securities and derivatives; and investment portfolio management and other related activities. In addition, it engages in international bank services, as well as ...
20, Sejong-Daero 9-Gil
Founded in 1897
Key Executives for SHINHAN BANK
Chief Executive Officer, President and Executive Director
Deputy President, Head of Corporate & Investment Banking Group and Executive Director
Executive Vice President of Institutional Banking Group and Non-Director Executive Officer
Executive Vice President of Retail Business Unit and Non-Director Executive Officer
Executive Vice President of Compliance Department and Non-Director Executive Officer
Compensation as of Fiscal Year 2015.
SHINHAN BANK Key Developments
Shinhan Bank Announces Consolidated Earnings Results for the Second Quarter and Six Months of 2015
Jul 22 15
Shinhan Bank announced consolidated earnings results for the second quarter and six months of 2015. For the second quarter, the company reported revenue of KRW 3,569,645 million against KRW 4,031,306 million a year ago. Operating income was KRW 486,742 million against KRW 509,186 million a year ago. Income before income taxes was KRW 509,522 million against KRW 522,156 million a year ago. Net income was KRW 400,518 million against KRW 416,954 million a year ago. Net income attributable to controlling interest was KRW 400,411 million against KRW 416,784 million a year ago.
For the six months, the company reported revenue of KRW 6,932,682 million against KRW 7,668,405 million a year ago. Operating income was KRW 955,348 million against KRW 1,042,859 million a year ago. Income before income taxes was KRW 1,010,575 million against KRW 1,062,912 million a year ago. Net income was KRW 790,540 million against KRW 842,111 million a year ago. Net income attributable to controlling interest was KRW 790,329 million against KRW 841,872 million a year ago.
Shinhan Bank Reports Consolidated Earnings Results for the First Quarter of 2015
Apr 22 15
Shinhan Bank reported consolidated earnings results for the first quarter of 2015. For the quarter, the company reported revenue of KRW 3,363,037 million against KRW 3,637,099 million a year ago. Operating income was KRW 468,606 million against KRW 533,673 million a year ago. Income before income taxes was KRW 501,053 million against KRW 540,756 million a year ago. Net income attributable to the company was KRW 390,022 million against KRW 425,157 million a year ago. The decrease in net income was because despite the improvement in fee income and securities income leading to 84.8% hike in noninterest income, interest income dropped, an additional credit cost related to corporate restructuring incurred.
Shinhan Bank Set to Open Branch in Manila in the Third Quarter
Mar 24 15
Shinhan Bank is set to open a branch in Manila in the third quarter after securing approval from the Bangko Sentral ng Pilipinas (BSP). The bank is the second among global financial institutions to enter the Philippine market after Manila last year liberalized rules allowing the entry of foreign lenders. Shinhan Bank said its Manila branch is set to open by September after completion of several procedures, including information technology setup. Despite opening up the industry to more foreign players, the new law still mandates the Monetary Board to take steps in ensuring that at least 60% of the resources or assets of the entire Philippine banking system is held by domestic banks majority-owned by Filipinos.
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