Process of the Group’s Growth

Since its inception as Shinhan Bank in 1982, Shinhan Financial Group(SFG) has been making innovations and posting fast growth continuously as can be
seen in its adoption of a holding company structure in 2001 and achieving of the No.2 scale in assets in the
industry in 2003. 2008 global financial crisis revealed Shinhan Financial Group’s differentiated asset quality
supported by its watertight risk management and the Group came to become a player that represented
Korea’s financial industry by attaining a No. 1 position in profitability ever since.

• 

  Strengthen a banking
  Business foundation
  and expand business
  lines in the financial
  industry

• 

  Promote synergy
  generation among
  subsidiaries by adopting
  a financial holding
  company system

• 

  Expand customer
  base and channels
  through M&As

• 

  Enhance capability as
  a provider of comprehensive
  financial services and strive
  to become a leading financial
  institution in Northeast Asia

• 

  Transforming into a leading financial group
  through innovative growth

• 1982.07.07

  Small but profitable, customer-friendly bank

• 1992Sound, balanced
  Commercial Bank

  A bank with advanced techniques and capability

  Enhancement of retail finance capability

• 2001~2002 Foundation-building
  period

  Complete building a foundation of a universal financial services group

  • 2001.09 Launched Shinhan Financial Group
  • 2002.05 Jeju Bank became a subsidiary of SFG
  • 2002.06 Founded Shinhan Card
  • 2002.07 Founded Shinhan Credit Information
  • 2002.08 Launched Good Morning-Shinhan Securities
  • 2002.10 Founded SH&C Life Insurance

• 2003~2009 Period of dramatic
  growth

  Expand the bank’s scale/ enhance non-banking business

  • 2003.09 CHB(Choheung Bank) became a subsidiary of SFG
  • 2005.09 Shinhan Life Insurance became a subsidiary of SFG
  • 2006.04 Launched new(integrated) Shinhan Bank
  • 2007.03 LG Card became a subsidiary of SFG
  • 2007.10 Launched new(integrated) Shinhan Card
  • 2008.04 Obtained a financial holding company license from the US FRB
  • 2008.05 AITAS became an sub-affiliate of SFG
  • 2008.06 Shinhan KTF Mobile Card became an sub-affiliate of SFG

• 2010 ~ Period of building
  leadership

  Solidify the position of the ‘local best’ in the era of ‘New Normal’

  • 2010.01 Shinhan Data System became a subsidiary of SFG
  • 2011.02 Shinhan BNP Paribas Asset Management (Hong Kong) Limited became an indirect subsidiary of SFG
  • 2011.12 Shinhan Savings Bank joined SFG as subsidiary
  • 2012.11 Shinhan Aitas joined SFG as subsidiary
  • 2013.04 Launch of integrated Shinhan Savings Bank (Merger of the former Shinhan Savings Bank and Yehanbyoul Savings Bank)
  • 2014.11 Shinhan Card Kazakhstan joined SFG as sub-subsidiary
  • 2015.07 Nam An Securities (local subsidiary of Shinhan Securities Vietnam) joined SFG as sub-subsidiary
  • 2016.03 Shinhan Card Myanmar joined SFG as sub-subsidiary
  • 2016.07 PT Shinhan Sekuritas Indonesia joined SFG as sub-subsidiary

• 2017 ~ 2019Ascent to become Asia’s leading financial group

  Producing accelerated results through balanced growth and the ‘One Shinhan’ strategy

  • 2017.04 Inauguration of 2020 SMART Project
  • 2017.07 Launch of global investment banking (GIB) and global brokerage (GBK) units
  • 2017.10 Launch of Shinhan REITs Management (Joined SFG as subsidiary)
  • 2017.12 Sub-subsidiary Shinhan Bank Vietnam and ANZ Bank completed merger
  • 2018.01 Launch of Shinhan Bank Mexico (Joined SFG as sub-subsidiary)
  • 2018.01 Shinhan Card obtained 100% stake in Prudential Vietnam Finance Company (PVFC)
  • 2018.01 Launch of global markets and securities (GMS) unit
  • 2018.05 Launch of Shihan DS Vietnam (Joined SFG as sub-subsidiary)
  • 2018.08 Shinhan Alpha REIT listed on the Korea Stock Exchange
  • 2018.09 Launch of PT Shinhan Asset Management Indonesia (Joined SFG as sub-subsidiary)
  • 2018.10 SFG signed agreement to acquire stake in Asia Trust
  • 2019.02 Orange Life Insurance (OrangeLife) joined SFG as subsidiary
  • 2019.05 Asia Trust joined SFG as subsidiary
  • 2019.08 Shinhan AI becomes a wholly owned subsidiary

• 2020 ~Transforming into a leading financial group

  Differential growth through F.R.E.S.H 2020s
  *Fundamental, Resilience, Eco-system, Sustainability, Human-talent

  • 2020.09 Neoplux becomes a wholly owned subsidiary
  • 2021.01 Shinhan Asset Management becomes a wholly owned subsidiary
  • 2021.07 Integrated Shinhan Life was launched(Shinhan Life, Orange Life merge)
  • 2022.01 Integrated Shinhan Asset Management was launched (Shinhan Asset Management, Shinhan Alternative Investment Management merge)
  • 2022.05 Asia Trust becomes a wholly owned subsidiary
  • 2022.06 Shinhan EZ General Insurance becomes a wholly owned subsidiary