Shinhan Bank Wins 'Best Bank in Korea' by Euromoney for 6 Consecutive Years

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 15th that it has been selected as the Best Bank in South Korea for six consecutive years at the 'Euromoney Awards for Excellence 2021,' hosted by the global financial magazine Euromoney.

Euromoney is an internationally reputable global financial magazine that conducts comprehensive evaluations of commercial banks by country every year, assessing various categories such as finance, strategy, digital, and ESG (environment, social, and governance) to select the best bank.

Despite the challenging domestic and international conditions caused by COVID-19 in 2020, Shinhan Bank received favorable evaluations by achieving a global profit ratio exceeding 15% of total profits and recording the highest BIS ratio (18.47%) among domestic commercial banks, demonstrating sound profitability and stability.

In particular, Euromoney evaluated that Shinhan Bank is leading the South Korean financial market by implementing innovative digital transformation centered on the future financial space 'Digilog Branch' and the non-face-to-face comprehensive consultation service 'Digital Sales Department,' as well as practicing ESG management by being the first domestic commercial bank to join the 'Equator Principles' and declare 'coal phase-out finance.'

A Shinhan Bank official stated, "We will not be complacent with the current state of Shinhan Bank but will continue to pursue change and innovation in all areas, including global, digital, and ESG, centered on our customers, to become a world-class bank."

This content was produced with the assistance of AI translation services.