Defense Expenditure in South Korea to 2015 - Industry Dynamics and Competitive Landscape: Market Profile
- Published: September 2011
The ratings on Shinhan Bank (Shinhan; A-/Negative/A-2) reflect Shinhan's strong position in Korea's financial market, improving revenue diversification, and low exposure to market risk. These strengths are offset by rising credit risks posed by the economic slowdown in Korea and the bank's increased loan exposure to small to midsize (SME), construction, and real estate/lease businesses over the past few years. The ratings are also constrained by medium to long-term downward pressure on interest margins. Shinhan is the third-largest bank in Korea, boasting consolidated assets totaling Korean won (KRW) 219 trillion as of the end of fiscal 2008. This puts it behind Kookmin Bank (A/Negative/A-1), with assets of KRW266 trillion, and Woori Bank (A-/Negative/A-2), with assets of KRW232 trillion. Shinhan, which...
Companies mentioned in this report are: Shinhan Bank
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