Shinhan Bank announced on Sept. 5 that it has been selected No. 1 in the banking category for the sixth consecutive year in the National Brand Competitiveness Survey by the Korea Productivity Center.
The National Brand Competitiveness Index (NBCI) is an index that can assess brand awareness, image and consumers’ preference formed through a company’s marketing activities.
Korea Management Association Consulting ranked Shinhan Bank first in the banking sector in 2022 using its Korea-Brand Power Index (K-BPI) for the seventh consecutive year.
The bank came in first in the banking sector in the Korean Standard-Premium Brand Index (KS-PBI) banking sector hosted by the Korean Standard Association in July for the ninth consecutive year.
Therefore, it has claimed first place in the surveys of the top three Korean brand value assessment organizations for six years running.
Shinhan Bank said that high scores were given to intuitive and convenient financial application Shinhan Sol (SOL), the Evening Plus Service that provides financial counseling and banking business in weekday evenings and Saturdays, food delivery application “Hearty Appetite” that provides win-win benefits for all of customers, merchants and delivery riders for their customer-oriented digital innovation and services.
Cooperation with SK and FSC
Through this MOU, the two companies will cooperate with each other in ESG-related financial support, ESG management consulting, the ESG business and ESG management promotion among others.
Shinhan Bank and SK will launch a loan interest-related support program for SK’s excellent ESG partners this year.
To this end, SK will assess companies’ ESG levels on the ESG platform “Click ESG” and assigns a grade, while Shinhan Bank will provide financial support to companies which received excellent grades.
Excellent ESG partners will be able to benefit from interest rate cuts within the range of up to 2 percentage points per year depending on their ESG ratings.
In addition, Shinhan Bank plans to upgrade their ESG management by sharing its social value measurement know-how with SK such as providing customized ESG management consulting to them and jointly promoting financial support related to the supply of overseas renewable energy.
Meanwhile, the Financial Supervisory Service (FSC) announced on Aug. 31 that it has signed a business agreement with the Small and Medium Venture Business Corporation and Shinhan Bank for innovation to ease tough financial regulations on SMEs.
Through the agreement, they will promote the resolution of financial difficulties facing SMEs and the discovery of innovative financial regulation tasks.
They have agreed to closely cooperate to find and resolve financial regulation-related difficulties facing small and medium-sized enterprises (SMEs).
They have decided to jointly operate the SME Financial Regulation Relaxation Center in the Seoul Regional Headquarters of Small and Medium Venture Business Corporation and conduct consultation, diagnosis and policy finance-related tasks to resolve financial regulatory difficulties facing SMEs.
The center is scheduled to officially open at the end of this year after a period of preparation.
Housing Subscription Bankbook Event
Shinhan Bank previously held the Season 1 Event, which received good responses.
Thanks to this success, the Season 2 Event will run until December 18. Anyone over the age of 20 can sign up for the event at Shinhan Bank.
They will be able to participate in the event through the Shinhan SOL event page.
Shinhan Bank will provide 10,000 won in cashback and Starbucks Americano coupons to all subscribers who participated in the event.
To encourage people to prepare for subscriptions, the bank will give a prize of 10 million won to one person and a prize of one million won to ten people by lottery among the customers who registered for a monthly direct debit of 100,000 won or more for one year or more and maintained their accounts by Dec. 27.
“Our housing subscription savings are an excellent financial product for buying a house regardless of housing market situations,” a Shinhan Bank official said.
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