Summary: Shinhan Bank Feb 09

Standard & Poors, February 2009

Abstract
Strong market position as Korea's third-largest bank Improving revenue diversification at the group level Adequate risk management Rising credit risks posed by economic slowdown in Korea Exposure to construction and real estate/lease businesses Moderate group capitalization as a result of consecutive acquisitions The ratings on Shinhan Bank (Shinhan; A-/Negative/A-2) reflect the collective credit profile of Shinhan Financial Group Co. Ltd. (SFG; NR), in view of the typical convergence of risks that occurs among subsidiaries of a common financial holding company. The ratings also reflect Shinhan's strong position in Korea's financial market, improving revenue diversification, and adequate risk management system. These strengths are offset by the group's moderate capitalization, linked to consecutive acquisitions of large financial institutions. The ratings are also...

Companies mentioned in this report are: Shinhan Bank
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Shinhan Bank

Customers who bought this item also bought

• Ghana Infrastructure Report Q1 2012
• Research on Online Education and Training Market in China, 2012-2017
• South Korea Defence and Security Report Q3 2010
• Educating India – Making Money!!! Investment Opportunities in Education Sector in India
• India Defence and Security Report Q1 2012
• Defense Robotics - Global Strategic Business Report
• United Kingdom Infrastructure Report Q4 2011
• Distance Learning - Global Outlook
• Private Tutoring - Global Strategic Business Report
• Saudi Arabia Defence and Security Report Q4 2012