April 21, 2018 7:04 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 retail and corporate customers. It operates through Retail Banking, Corporate Banking, International Banking, and Other Banking segments. 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 to individuals and households; 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...

20, Sejong-Daero 9-Gil

Jung-Gu

Seoul,  100-724

South Korea

Founded in 1897

Key Executives for SHINHAN BANK

President & CEO
Age: 59
Executive Officer & Deputy President of Sales Planning Group
Age: 56
Executive Officer, Executive VP & Chief Compliance Office
Age: 57
Executive Officer & Deputy President of Consumer Brand Group
Age: 56
Executive Officer & Deputy President of Corporate Business Unit
Age: 55
Compensation as of Fiscal Year 2017.

SHINHAN BANK Key Developments

SHINHAN BANK Announces Consolidated Earnings Results for the First Quarter 2018

SHINHAN BANK announced consolidated earnings results for the first quarter 2018. For the quarter, the company reported revenue of KRW 4,285,782 million against KRW 8,529,152 million for the same period in the last year. Operating income was KRW 810,879 million against KRW 662,310 million for the same period in the last year. Income before income taxes was KRW 812,872 million against KRW 672,407 million for the same period in the last year. Net income was KRW 600,597 million against KRW 534,578 million for the same period in the last year. Net income attributable to controlling interest was KRW 600,520 million against KRW 534,556 million for the same period in the last year.

Shinhan Bank Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2017

Shinhan Bank announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported interest income was KRW 8,123,401 million against KRW 7,696,201 million for the same period a year ago. Net interest income was KRW 4,992,051 million against KRW 4,504,121 million for the same period a year ago. Operating income was KRW 2,204,363 million against KRW 1,958,978 million for the same period a year ago. Profit before income tax was KRW 2,157,747 million against KRW 2,028,724 million for the same period a year ago. Profit for the year was KRW 1,711,233 million against KRW 1,940,621 million for the same period a year ago. Basic and diluted earnings per share were KRW 1,060 against KRW 1,195 for the same period a year ago. Net cash provided by operating activities was KRW 3,973,193 million against KRW 3,441,594 million for the same period a year ago. Acquisition of property and equipment was KRW 84,470 million against KRW 79,285 million for the same period a year ago. Acquisition of intangible assets was KRW 75,717 million against KRW 37,052 million for the same period a year ago. Acquisition of other assets was KRW 914,571 million against KRW 824,203 million for the same period a year ago.

Shinhan Bank Resolves to Pay Cash Dividends for the Fiscal Year of 2017

On February 6, 2018, the Board of Directors of Shinhan Bank, a wholly-owned bank subsidiary of Shinhan Financial Group resolved to pay cash dividends of KRW 540 billion or KRW 340.56 per common share for the fiscal year of 2017, subject to the shareholders' approval.

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