Monday, April 17, 2017

Is Vietnam, Shinhan Bank, the first Korean brokerage business acquired



[Korea sinyuncheol financial newspaper reporter] Shinhan Bank said it has received an application 17 days Shinhan Vietnam Bank is the first time a Korean financial institution established with four points from the Vietnamese central bank entrusted local business license.

Shinhan Bank said it was able to be applied also to the Services provided by the Fund Custodian, fund settlement, including with height recognize the results of three consecutive years, established four points received for growth, stability and localization strategy from Vietnam, the financial authorities. This was able to offer a comprehensive service to customers who wish to invest in the Vietnamese market, including Shinhan Vietnam Bank stocks, funds.

Now local authorized the establishment of branches is expected all four points in southern Vietnam tteonbin material, 11 groups, regions and northern Vietnam punyeon material Hadong region to start operating this year. Complex area of ​​tteonbin there is established a corporate branch office is established in 11 groups, punyeon, the retail point of Hadong region. Three retail branches there will be a local manager to show the local sales strengthened.

When the four points established are complete gotta be holding a branch of Shinhan Vietnam Bank a total of 22 (13 Southern Region, nine northern regions) maintained a firm No. 1 in network scale and further the gap with local foreign banks It is expected to be increased.

This applies in particular other fiduciary duties I have made possible the first Korean bank was only possible through the global banking has great significance. Yet he recognized the results of the phase of global leading bank in Vietnam at the same time because dwaetgi able to start a new business model of the Services.

Shinhan Bank said, "I will strengthen the local sales in Vietnam financial market in the first one chosen to be the recipient banks using digital smart retail strategy oriented to customers" and "Korea Embassy helped in this application and the FSS Vietnam Office officials Taps Dear Thanks, "he said.

Meanwhile, Shinhan Bank is actively pursuing a global strategy to expand overseas Curly modernization income ratio by 2020 in order to become a leading bank in Asia with 20%. Shinhan Vietnam Bank is phenomenal, such as localization-based sales as a result 46.9 billion won in 2015 focused on, has achieved a net profit of 53.7 billion won in 2016 broke through the end of March, loans are a total of 6 million dollars 1.1 billion years 2017, three consecutive years corporate credit cards first place bidder and create enough performance to do.



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