Shinhan Bank Canada
Encyclopedia
Shinhan Bank Canada is a subsidiary bank
in Canada
federally regulated by the Office of the Superintendent of Financial Institutions
Canada (OSFI). Shinhan Bank Canada as a retail bank began its business operation on March 9, 2009. Its head office and main branch are located in Toronto, Ontario.
(NYSE: SHG, KRX: A055550) in South Korea
. The parent bank’s total assets at the end of 2008 was KRW 213,569 (billions). According to “The Banker
” it is ranked 89th in the world by the total asset size. The Parent Bank is part of Shinhan Financial Group
, a financial holding company. Shinhan Financial Group
has 9 subsidiaries and 2 joint ventures. The lists are as follows: Shinhan Bank
, Shinhan Card
, Shinhan Investment Corp, Shinhan Life Insurance, Shinhan Capital
, Jeju Bank, Shinhan Credit Information, Shinhan Private Equity, Shinhan Macquarie Financial Advisory, Shinhan BNP Paribas Asset Management
(Joint venture with BNP Paribas), SH&C Life Insurance (Partnership with BNP).
Shinhan Bank Canada is a registered member of the Canada Deposit Insurance Corporation
(CDIC), a federal agency insuring deposits at all Canada’s chartered banks. Shinhan Bank Canada sponsors a MasterCard
issued by MBNA Canada Bank
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
federally regulated by the Office of the Superintendent of Financial Institutions
Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system"...
Canada (OSFI). Shinhan Bank Canada as a retail bank began its business operation on March 9, 2009. Its head office and main branch are located in Toronto, Ontario.
Ownership
Shinhan Bank Canada is fully owned by Shinhan BankShinhan Bank
Shinhan Bank , is a bank, headquartered in Seoul, 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...
(NYSE: SHG, KRX: A055550) in South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
. The parent bank’s total assets at the end of 2008 was KRW 213,569 (billions). According to “The Banker
The Banker
The Banker is an English-language monthly international financial affairs publication owned by The Financial Times Ltd. and edited in London...
” it is ranked 89th in the world by the total asset size. The Parent Bank is part of Shinhan Financial Group
Shinhan Financial Group
Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....
, a financial holding company. Shinhan Financial Group
Shinhan Financial Group
Shinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....
has 9 subsidiaries and 2 joint ventures. The lists are as follows: Shinhan Bank
Shinhan Bank
Shinhan Bank , is a bank, headquartered in Seoul, 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...
, Shinhan Card
Shinhan Card
Shinhan Card Co. Ltd. is Korea's biggest, global top-five credit card company. Headquartered in Seoul, Korea, the company has a partnership with Shinhan Capital, and is an affiliate of Shinhan Financial Group. Shinhan Card was established in 1990 as a technical and business company licenced by...
, Shinhan Investment Corp, Shinhan Life Insurance, Shinhan Capital
Shinhan Capital
Shinhan Capital Co, Ltd. is a Korean financial company, established in 2003 with headquarters in Seoul, Korea. It was the financial services unit of Shinhan Financial Group. Its divisions are responsible for over 50% of Shinhan Bank revenue....
, Jeju Bank, Shinhan Credit Information, Shinhan Private Equity, Shinhan Macquarie Financial Advisory, Shinhan BNP Paribas Asset Management
Shinhan BNP Paribas Asset Management
Shinhan BNP Paribas Asset Management is an asset management company headquartered in Seoul, Korea. It is a joint venture between Shinhan Financial Group and the French financial group, BNP Paribas. In January 2009, the company was created when Shinhan BNP Paribas Investment Trust Management and SH...
(Joint venture with BNP Paribas), SH&C Life Insurance (Partnership with BNP).
Shinhan Bank Canada is a registered member of the Canada Deposit Insurance Corporation
Canada Deposit Insurance Corporation
-External links:*** Official CDIC site*...
(CDIC), a federal agency insuring deposits at all Canada’s chartered banks. Shinhan Bank Canada sponsors a MasterCard
MasterCard
Mastercard Incorporated or MasterCard Worldwide is an American multinational financial services corporation with its headquarters in the MasterCard International Global Headquarters, Purchase, Harrison, New York, United States...
issued by MBNA Canada Bank
MBNA
MBNA Corporation was a bank holding company and parent company of wholly owned subsidiary MBNA America Bank, N.A., headquartered in Wilmington, Delaware, prior to being acquired by Bank of America in 2006...
.
See also
- Shinhan BankShinhan BankShinhan Bank , is a bank, headquartered in Seoul, 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...
- Shinhan Financial GroupShinhan Financial GroupShinhan Financial Group Co., Ltd. is a South Korean financial holding company. As of 2007, Shinhan is the largest financial company in Korea; Shinhan Bank, its main subsidiary, is the first among banks....
- List of companies of South Korea
- List of Banks in South Korea
- Economy of South KoreaEconomy of South KoreaSouth Korea has a market economy which ranks 15th in the world by nominal GDP and 12th by purchasing power parity , identifying it as one of the G-20 major economies. It is a high-income developed country, with a developed market, and is a member of OECD...
- List of banks and credit unions in Canada