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Native name | 주식회사 신한은행 |
|---|---|
| Company type | Subsidiary |
| Industry | Banking |
| Predecessor | Chohung Bank |
| Founded | February 1897 |
| Headquarters | 20, Sejong-daero 9-gil, Jung-gu, , |
Area served | Worldwide |
| Products | Retail banking, corporate banking, mortgage loans, private banking, wealth management |
| Parent | Shinhan Financial Group |
| Website | Shinhan Bank |
Shinhan Bank Co., Ltd. (Korean: 주식회사 신한은행; RR: Jusikhoesa Sinhan Eunhaeng) is a bank headquartered in Seoul, South Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank. Chohung Bank merged with Shinhan Bank on April 1, 2006.
Shinhan Bank started as a small enterprise with a capital stock of KRW 25.0 billion, 279 employees, and three branches on July 7, 1982. Today, it has transformed itself into a large bank, boasting total assets of KRW 176.9 trillion, equity capital of KRW 9.7 trillion, 10,741 employees, and 1,026 branches as of 2006. As of June 30, 2016, Shinhan Bank had total assets of ₩298.945 trillion (equivalent to ₩304.658 trillion or US$269.507 billion in 2017)[1] , total deposits of ₩221.047 trillion (equivalent to ₩225.271 trillion or US$199.28 billion in 2017)[1] and loans of ₩212.228 trillion (equivalent to ₩216.283 trillion or US$191.329 billion in 2017)[1]. Shinhan Bank is the main subsidiary of Shinhan Financial Group (SFG).[2]
History
Shinhan Bank is the descendant of Hanseong Bank, the first modern bank in Korea. It was established by Kim Jong-Han in 1897, but began operating around 1900. It was originally located in a small house with only two rooms. One room was for the president, Yi Jae-Won, and the other room was for the staff. The bank operated by borrowing money from Japanese banks at low interest rates and then loaning it out for twice the rate to the Korean market. The Bank was successful because despite lending out money at twice the rate it borrowed it at, the bank's interest rates were still far lower than what could be obtained elsewhere in Korea at that time.[3]
In an anecdotal story the bank's first property to use as collateral on a loan happened to be a donkey. The bank staff were challenged to feed and care for their collateral as the loan was out.[3]
In March 2013, the Financial Services Commission of South Korea said that Shinhan Bank reported that its Internet banking servers had been temporarily blocked.[4] The South Korean government asserted a North Korean link in the March cyberattacks, which has been denied by Pyongyang.[5][6]
In Vietnam
Shinhan officially established its Ho Chi Minh City branch in December 1994, becoming the first Korean bank to establish a branch in Vietnam.[7][8][9] In the 2008-2009 period, Shinhan Bank was licensed to become one of the five banks with 100% foreign capital.[10][11] In 2011, the bank merged with Shinhan Vina Bank to become Shinhan Vietnam Bank - the foreign bank with the highest charter capital at the time.[12][13][14] In 2017, Shinhan Bank acquired the retail segment of ANZ Vietnam Bank.[15][16] In early 2020, Shinhan Vietnam Bank was rated BBB (stable) in the long term by international credit rating agency Standard & Poor's (S&P).[17][18][19][20] According to S&P's assessment, Shinhan Vietnam Bank plays an indispensable role in Shinhan Financial Group's (Shinhan Financial Group - SFG) global business expansion goals.[21][22][23] At the same time, in November 2020, Shinhan Vietnam Bank officially announced the implementation of Basel II Pillar 2 on capital adequacy assessment processes.[24][25][26]
See also
- List of South Korean companies
- List of banks in South Korea
- Big Four (banking)
- Incheon Shinhan Bank S-Birds
References
- ^ a b c 1906 to 1911: Williamson J. (1999), Nominal Wage, Cost of Living, Real Wage and Land Rent Data for Korea 1906-1939 1912 to 1939: Mizoguchi, T. (1972). Consumer Prices and Real Wages in Taiwan and Korea Under Japanese Rule. Hitotsubashi Journal of Economics, 13(1), 40-56. Retrieved May 21, 2021. Afterwards, consumer price index from Statistics Korea. Consumer Price Index by year. Retrieved 3 April 2018
- ^ "Shinhan Bank". www.relbanks.com.
- ^ a b The Dawn of Modern Korea. Lankov, Andrei. EunHaeng NaMu. 2007.
- ^ Choe Sang-Hun, "Computer Networks in South Korea Are Paralyzed in Cyberattacks", The New York Times, 20 March 2013.
- ^ Lee Minji (April 10, 2013). "(2nd LD) Gov't confirms Pyongyang link in March cyber attacks". Yonhap News. February 25, 2008 - Shinhan Bank Kazakhstan JSC was registered (License for banking and other operations No. 1.1.258 dated November 28, 2008), and currently, Shinhan Bank Kazakhstan JSC carries out banking operations both in the currency of the Republic of Kazakhstan and in foreign currency. License of the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market No. 1.1.258 dated 03.02.2020.
- ^ Shinhan Bank in Kazakhstan, finances, licenses, risk factors
- ^ Trí, Dân (2023-08-21). "Hành trình 30 năm nâng tầm giá trị tại Việt Nam của Ngân hàng Shinhan". Báo điện tử Dân Trí (in Vietnamese). Retrieved 2024-01-30.
- ^ VnExpress. "30 năm phát triển của ngân hàng Shinhan tại Việt Nam". vnexpress.net (in Vietnamese). Retrieved 2024-01-30.
- ^ "Ngân hàng Shinhan kỷ niệm 30 năm tại Việt Nam-hành trình lan tỏa tài chính ấm áp". Tin nhanh chứng khoán (in Vietnamese). 2023-08-21. Retrieved 2024-01-30.
- ^ "Shinhan: 30 năm đồng hành cùng thị trường Việt". Tin nhanh chứng khoán (in Vietnamese). 2023-06-13. Retrieved 2024-01-30.
- ^ "Ngân hàng Shinhan Việt Nam kỷ niệm 30 năm có mặt tại Việt Nam". Vietnam Business Forum – Liên đoàn Thương mại và Công nghiệp Việt Nam. 2023-08-21. Retrieved 2024-01-30.
- ^ "Ngân hàng Shinhan kỷ niệm 30 năm tại Việt Nam-hành trình lan tỏa tài chính ấm áp". Tin nhanh chứng khoán (in Vietnamese). 2023-08-21. Retrieved 2024-01-30.
- ^ "Shinhan: 30 năm đồng hành cùng thị trường Việt". Tin nhanh chứng khoán (in Vietnamese). 2023-06-13. Retrieved 2024-01-30.
- ^ admin, beta (2011-11-28). "Shinhan Vietnam Bank hoàn tất việc sáp nhập". Tạp chí Kinh tế Sài Gòn (in Vietnamese). Retrieved 2024-01-30.
- ^ "ANZ nhượng mảng bán lẻ tại Việt Nam cho Ngân hàng Shinhan". TUOI TRE ONLINE (in Vietnamese). 2017-04-21. Retrieved 2024-01-30.
- ^ VnExpress. "ANZ nhượng mảng bán lẻ tại Việt Nam cho Ngân hàng Shinhan". vnexpress.net (in Vietnamese). Retrieved 2024-01-30.
- ^ "Ngân hàng Shinhan Việt Nam nhận bằng khen thành tích xuất sắc về chuyển đổi số từ Ngân hàng Nhà nước". Tin nhanh chứng khoán (in Vietnamese). 2023-05-22. Retrieved 2024-01-30.
- ^ thitruongtaichinhtiente.vn (2020-12-14). "Ngân hàng Shinhan được vinh danh trong Top 100 doanh nghiệp bền vững Việt Nam năm 2020". thitruongtaichinhtiente.vn (in Vietnamese). Retrieved 2024-01-30.
- ^ Nam, Thời báo Tài chính Việt. "Ngân hàng Shinhan: Top 100 doanh nghiệp bền vững tại Việt Nam năm 2020". Thời báo Tài chính Việt Nam (in Vietnamese). Retrieved 2024-01-30.
- ^ baotintuc.vn (2020-01-18). "Ngân hàng Shinhan được Standard & Poor's đánh giá triển vọng phát triển ổn định". baotintuc.vn (in Vietnamese). Retrieved 2024-01-30.
- ^ "Những dấu ấn quan trọng của Ngân hàng Shinhan trong năm 2020" (in Vietnamese). Retrieved 2024-01-30.
- ^ Quoc, Bao (2020-01-17). "Vanilla prepaid card". Tin nhanh chứng khoán (in Vietnamese). Retrieved 2024-01-30.
- ^ "Ngân hàng ngoại: "Quả ngọt" sau những vụ gieo trồng". Tin nhanh chứng khoán (in Vietnamese). 2020-05-30. Retrieved 2024-01-30.
- ^ "Những dấu ấn quan trọng của Ngân hàng Shinhan trong năm 2020". baodautu (in Vietnamese). Retrieved 2024-01-30.
- ^ tư, Tạp chí Kinh tế và Dự báo-Bộ Kế hoạch và Đầu. "Tác động của dịch Covid-19 đến kết quả hoạt động kinh doanh của hệ thống ngân hàng thương mại Việt Nam". Tạp chí Kinh tế và Dự báo - Bộ Kế hoạch và Đầu tư (in Vietnamese). Retrieved 2024-01-30.
- ^ "Tái cơ cấu tổ chức tín dụng - Những kết quả đạt được". tapchinganhang.gov.vn (in Vietnamese). Retrieved 2024-01-30.
External links
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This page was last edited on 9 February 2024, at 10:00