SBI Savings Bank Maintains HanShinPyeong Corporate Credit Rating 'A·Stable'

On the 4th, SBI Savings Bank announced that it received a corporate credit rating of 'A' from Korea Ratings Corporation (Korea Ratings) with a stable outlook. Following NICE Investors Service, SBI Savings Bank has maintained the 'A' rating from Korea Ratings as well.

In this evaluation, Korea Ratings assigned the A rating citing reasons such as the industry's top-tier capital strength and high market position, excellent business foundation, sound capital ratio and liquidity, and the possibility of support from the SBI Group in emergencies.

SBI Savings Bank has a capital of 1.8 trillion KRW, a total asset market share of 12.2%, and loan and deposit scales of 11.8% and 12.2%, respectively. As of the end of June this year, the Bank for International Settlements (BIS) capital adequacy ratio stood at 16.2%, which is higher than the industry average of 14.7%. Considering the excellent external credibility of the global SBI Group and its capacity to provide support in emergencies, the rating outlook was assigned as 'stable.'

An official from SBI Savings Bank stated, “Despite the challenging external environment, we have maintained a corporate credit rating of 'A' from all major domestic credit rating agencies. We will continue to enhance stability and reliability as the industry's leading savings bank and strive to ensure that our customers can enjoy safe financial lives.”

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