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Shinhan Bank

Company nameShinhan Bank
신한은행
Company typePublic (NYSE - SHG)
SloganThe Bank of Pride
IndustryFinance
Founded1897
HeadquartersSeoul, South Korea
Key peopleSuh Jin Won, CEO
ProductsChecking accounts
Savings accounts
Insurance
Investments
Mortgages
Consumer finance
Employees13,185 (2010)

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Shinhan Bank (신한은행, SWIFT SHBKKRSE, numeric 088), is a bank, headquartered in Seoul, 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. Shinhan Bank merged Chohung 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. Total deposits and net income amounted to KRW 105.3 trillion and KRW 1.4 trillion, respectively.


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