Search results for bancassurance
Finance
Shinhan Bank runs event for customers signing up for bancassurance on mobile
Shinhan Bank said on Feb. 19 it will run an event through April 17 for customers who sign up for bancassurance products via the Shinhan SOL Bank app. Bancassurance allows banks to sell insurers’ products, enabling customers to compare and purchase policies at a bank. The bank will draw 300 winners from eligible customers and offer gift certificates. Prizes will be provided only to customers who keep their policies until May 20.
Finance
Korea\'s big four financial groups extend record run, step up shareholder returns race
South Korea\'s four biggest financial holding groups posted record or near-record earnings last year, supported by steady net interest income in a high-rate environment, higher non-interest income and improved results at non-bank units. KB Financial recorded the largest net profit and its bank reclaimed the leading-bank position. Shinhan, Hana and Woori also reported strong earnings. The groups moved to raise dividends and expand buybacks, sharpening competition on shareholder returns.
Finance
KB Financial posts 5.84 trillion won net profit for 2025, up 15.1 percent
KB Financial said its 2025 net profit rose 15.1 percent to 5.84 trillion won and group ROE reached 10.86 percent. It said key units including banking and securities expanded profits and non-interest income jumped. Fourth-quarter profit fell from the prior quarter due to one-off items including early retirement costs and provisions related to ELS penalties. It said capital ratios remained at top industry levels.
