Shinhan Bank Co., Ltd. (Korean: 주식회사 신한은행; RR: Jusik Hoesa Sinhan Eunhaeng) is a bank headquartered in Seoul, South Korea. Historically it was the first bank in Korea, established under the name Hanseong Bank in 1897. The bank was reestablished in 1982. It is part of the Shinhan Financial Group, along with Jeju Bank. Chohung Bank merged with Shinhan Bank on April 1, 2006.
Shinhan Bank started as a small enterprise with a capital stock of KRW 25.0 billion, 279 employees, and three branches on July 7, 1982. Today, it has transformed itself into a large bank, boasting total assets of KRW 176.9 trillion, equity capital of KRW 9.7 trillion, 10,741 employees, and 1,026 branches as of 2006. As of June 30, 2016, Shinhan Bank had total assets of ₩298.945 trillion (equivalent to ₩304.658 trillion or US$269.507 billion in 2017) , total deposits of ₩221.047 trillion (equivalent to ₩225.271 trillion or US$199.28 billion in 2017) and loans of ₩212.228 trillion (equivalent to ₩216.283 trillion or US$191.329 billion in 2017). Shinhan Bank is the main subsidiary of Shinhan Financial Group (SFG).
1897Feb, 1
Shinhan Bank, the oldest bank in South Korea, opens in Seoul.
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Events on 1897
- 22Jun
Chapekar brothers
British colonial officers Charles Walter Rand and Lt. Charles Egerton Ayerst are assassinated in Pune, Maharashtra, India by the Chapekar brothers and Mahadeo Vinayak Ranade, who are later caught and hanged. - 26Jul
Siege of Malakand
Anglo-Afghan War: The Pashtun fakir Saidullah leads an army of more than 10,000 to begin a siege of the British garrison in the Malakand Agency of the North West Frontier Province of India. - 2Aug
Siege of Malakand
Anglo-Afghan War: The Siege of Malakand ends when a relief column is able to reach the British garrison in the Malakand states. - 31Aug
Kinetoscope
Thomas Edison patents the Kinetoscope, the first movie projector. - 12Sep
Battle of Saragarhi
Tirah Campaign: Battle of Saragarhi.