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SHINHAN FANANCIAL GROUP





Process of the Group’s Growth

Since its inception as Shinhan Bank in 1982, Shinhan Financial Group(SFG) has been making innovations and posting fast growth continuously as can be
seen in its adoption of a holding company structure in 2001 and achieving of the No.2 scale in assets in the
industry in 2003. 2008 global financial crisis revealed Shinhan Financial Group’s differentiated asset quality
supported by its watertight risk management and the Group came to become a player that represented
Korea’s financial industry by attaining a No. 1 position in profitability ever since.

SFG has been driving with 4 strategic decisions it had made since its start as Shinhan Bank in 1982.
  • 1

    Strengthen a banking
    Business foundation
    and expand business
    lines in the financial
    industry

  • 2

    Promote synergy
    generation among
    subsidiaries by adopting
    a financial holding
    company system

  • 3

    Expand customer
    base and channels
    through M&As

  • 4

    Enhance capability as
    a provider of comprehensive
    financial services and strive
    to become a leading financial
    institution in Northeast Asia

  • 1982.07.07

    Small but profitable, customer-friendly bank
  • 1992Sound, balanced
    Commercial Bank

    A bank with advanced techniques and capability

    Enhancement of retail finance capability

  • 2001~2002 Foundation-building
    period

    Complete building a foundation of a universal financial services group
    • 2001.09 Launched Shinhan Financial Group
    • 2002.05 Jeju Bank became a subsidiary of SFG
    • 2002.06 Founded Shinhan Card
    • 2002.07 Founded Shinhan Credit Information
    • 2002.08 Launched Good Morning-Shinhan Securities
    • 2002.10 Founded SH&C Life Insurance
  • 2003~2009 Period of dramatic
    growth

    Expand the bank’s scale/ enhance non-banking business
    • 2003.09 CHB(Choheung Bank) became a subsidiary of SFG
    • 2005.09 Shinhan Life Insurance became a subsidiary of SFG
    • 2006.04 Launched new(integrated) Shinhan Bank
    • 2007.03 LG Card became a subsidiary of SFG
    • 2007.10 Launched new(integrated) Shinhan Card
    • 2008.04 Obtained a financial holding company license from the US FRB
    • 2008.05 AITAS became an sub-affiliate of SFG
    • 2008.06 Shinhan KTF Mobile Card became an sub-affiliate of SFG
  • 2010 ~ Period of building
    leadership

    Solidify the position of the ‘local best’ in the era of ‘New Normal’
    • 2010.01 Shinhan Data System became a subsidiary of SFG
    • 2011.02 Shinhan BNP Paribas Asset Management (Hong Kong) Limited became an indirect subsidiary of SFG
    • 2011.12 Shinhan Savings Bank joined SFG as subsidiary
    • 2012.11 Shinhan Aitas joined SFG as subsidiary
    • 2013.04 Launch of integrated Shinhan Savings Bank (Merger of the former Shinhan Savings Bank and Yehanbyoul Savings Bank)
    • 2014.11 Shinhan Card Kazakhstan joined SFG as sub-subsidiary
    • 2015.07 Nam An Securities (local subsidiary of Shinhan Securities Vietnam) joined SFG as sub-subsidiary
    • 2016.03 Shinhan Card Myanmar joined SFG as sub-subsidiary
    • 2016.07 PT Shinhan Sekuritas Indonesia joined SFG as sub-subsidiary
  • 2017 ~ Ascent to become Asia’s leading financial group

    Producing accelerated results through balanced growth and the ‘One Shinhan’ strategy
    • 2017.04 Inauguration of 2020 SMART Project
    • 2017.07 Launch of global investment banking (GIB) and global brokerage (GBK) units
    • 2017.10 Launch of Shinhan REITs Management (Joined SFG as subsidiary)
    • 2017.12 Sub-subsidiary Shinhan Bank Vietnam and ANZ Bank completed merger
    • 2018.01 Launch of Shinhan Bank Mexico (Joined SFG as sub-subsidiary)
    • 2018.01 Shinhan Card obtained 100% stake in Prudential Vietnam Finance Company (PVFC)
    • 2018.01 Launch of global markets and securities (GMS) unit
    • 2018.05 Launch of Shihan DS Vietnam (Joined SFG as sub-subsidiary)
    • 2018.08 Shinhan Alpha REIT listed on the Korea Stock Exchange
    • 2018.09 Launch of PT Shinhan Asset Management Indonesia (Joined SFG as sub-subsidiary)
    • 2018.10 SFG signed agreement to acquire stake in Asia Trust
    • 2019.02 Orange Life Insurance (OrangeLife) joined SFG as subsidiary
    • 2019.05 Asia Trust joined SFG as subsidiary