Shinhan Bank said on Tuesday it ranked first across the financial sector after recording 54.7391 trillion won in retirement pension assets, based on disclosures on the Financial Supervisory Service’s integrated pension portal.

It said the achievement follows steady, balanced growth across DB (defined benefit), DC (defined contribution) and IRP (individual retirement pension) products.

Shinhan Bank said it has built an operating framework that moves from converting DB to DC and then to IRP, based on a pension management model that reflects customers’ life cycles. It said this provides continuous pension asset management services for both corporate and individual customers.

Long-term return competitiveness also supported the result. Based on the integrated pension portal’s disclosures for the first quarter of 2026, 10-year returns for non-principal-protected products were 5.17 percent for DC and 4.78 percent for IRP.

It is also expanding performance-linked products. It has been steadily increasing its product lineup, including ETFs and TDFs, and currently offers 242 ETF products, the most in the banking sector.

To mark its No. 1 ranking, Shinhan Bank is also running an event offering My Shinhan Points to customers enrolled in DC and IRP plans.

A Shinhan Bank official said, "This achievement is the result of combining a life-cycle-based pension asset management system with competitive returns." The official added, "We will continue to expand differentiated pension services."