Shinhan Bank - Company Profile
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Shinhan Bank (SHB), a subsidiary of Shinhan Financial Group Co Ltd, is a provider of retail and commercial banking and related financial solutions. The bank offers a range of deposit accounts, including savings, time deposits, certificate of deposits, and installment accounts; debit and credit cards; e-banking; domestic and international remittance; and lending solutions. SHB provides loans for personal needs, mortgage, business administration, and other financing requirements. Its commercial solutions include cash management, letter of credit, foreign currency services, mergers and acquisitions and initial public offering related services, and transaction banking. The bank also provides investment banking and wealth management solutions. SHB has operations in various countries spanning Asia, Europe, and the Americas. SHB is headquartered in Seoul, South Korea.
Headquarters
South Korea
Address
20 Sejong-daero 9-gil, Jung-gu, Seoul City, 04513
Website
www.shinhan.com
Telephone
82 263 603000
Industry
Financial Services
Revenue (2022)
$12.2B
Shinhan Bank premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Savings Accounts | ATM Services |
| Time Deposits | Online Banking |
| Certificate of Deposits | Mobile Banking |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the bank signed an agreement to acquire a 10% stake in HDFC Credila Financial Services. |
| 2023 | Contracts/Agreements | In November, the bank signed a business agreement for investment cooperation with the UK Department for Business and Trade in London, the UK. |
| 2023 | Contracts/Agreements | In October 2023, the Shinhan Bank Vietnam entered into agreement with Samsung Vina Insurance Company to distribute latter’s property insurance products to corporate customers. |
Competitor Comparison
| Key Parameters | Shinhan Bank | KB Financial Group Inc | Industrial Bank of Korea | Hana Bank Co Ltd | Woori Bank |
|---|---|---|---|---|---|
| Headquarters | South Korea | South Korea | South Korea | South Korea | South Korea |
| City | Seoul City | Seoul | Seoul | Seoul City | Seoul City |
| State/Province | Seoul | - | - | Seoul | Seoul |
| No. of Employees | - | 25,320 | 12,495 | 12,203 | - |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Jung Sang-hyuk | Chief Executive Officer | Senior Management | - | - |
| Jin Ok Dong | Director | Non Executive Board | 2019 | 62 |
| HEO Chang Eon | Director | Non Executive Board | 2018 | 64 |
| Woo Hyuk Park | Director | Non Executive Board | 2019 | 60 |
| Sun Tae Hwang | Director | Non Executive Board | 2015 | 75 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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