Shinhan Bank Awarded '2021 Best Bank in Korea' by Asia Money Magazine

Stable Business Portfolio, Leading ESG Strategy, and Digital Transformation Strategy Highly Rated

Jin Ok-dong, President of Shinhan Bank

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 7th that it has been selected as the '2021 Best Bank in Korea' by Asia Money, a global financial magazine renowned for its international credibility.

Asia Money, a sister publication of Euromoney and a specialized magazine with international credibility in the financial sector, selects the best banks annually among leading financial institutions worldwide. Shinhan Bank earned the honor of being named the Best Bank in Korea for 2021 by both Euromoney and Asia Money for the sixth consecutive year.

Shinhan Bank was highly evaluated for its stable business portfolio and competitiveness in traditional financial sectors, as well as its differentiated digital strategy and leading ESG (Environmental, Social, and Governance) initiatives that instill confidence in future growth potential.

The bank is advancing strategies to build a unique digital ecosystem, including the future financial space 'Digilog Branch,' Sol evolving beyond banking into a lifestyle platform, and acquiring the status of the first 'Electronic Signature Certification Provider' in the banking sector.

In the ESG sector, Shinhan Bank is leading environmental protection through finance by being the first domestic commercial bank to adopt the 'Equator Principles' and declare a 'Coal Phase-out Finance' commitment. It also contributes to social virtuous cycles and diversity enhancement through activities such as Shinhan Square Bridge, a collaboration platform for startups with technological capabilities within Shinhan Financial Group, and the 'She-roes Program' for nurturing female talent within the group.

A Shinhan Bank official stated, "We are focusing our capabilities on stable business portfolio management of the bank and group companies, channel innovation, and strategic ESG goals," adding, "We plan to continue introducing innovative financial services for customers in line with Shinhan Financial Group's vision of 'Easier, More Comfortable, and Newer Finance.'"

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