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Shinhan Bank — news, coverage & facts — IJR

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Shinhan Bank — Shinhan Bank · Public domain

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Shinhan Bank

South Korean company

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Business
Record First-Half Profits Across Korean Banks
KB Insurance posted weaker first-half profits due to higher loss ratios, though Contractual Service Margin grew as part of its reform gains; meanwhile KB Financial Group and Shinhan Financial reported record first-half earnings driven by stable interest income and booming non-interest income, with KB Financial nearing the 6 trillion club and KB Securities delivering a record 801 billion won net profit.
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Finance
Shinhan Financial Reports Record First-Half Profit
Shinhan Financial Group posted record quarterly profits and a robust first half, with second-quarter net profit of 1.82 trillion won and full-year-first-half net profit of 3.44 trillion won, driven by a stock-market rally and stronger non-interest income from brokerage and asset management. Shinhan Investment’s first-half net profit surged 123.1% to 577.7 billion won, while Shinhan Life improved its CSM and capital adequacy despite a year-on-year dip in net profit, reflecting broader strength across the group’s non-bank units.

Facts from Wikidata (CC0). Image via Wikimedia Commons (Public domain).

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Shinhan Bank Co., Ltd. (Korean: 신한은행) is a South Korean bank headquartered in Seoul. It was founded under this name in 1982, but through its merger with Chohung Bank in 2006, traces its origins to the Hanseong Bank, one of the first banks to be established in Korea. It is part of the Shinhan Financial Group, along with Jeju Bank.

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Country: South Korea
Headquarters: Seoul
Inception: 1897
Website: https://www.shinhan.com/

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Shinhan Financial Groupowner South Koreacountry