Shinhan Financial Group has slimmed down its holding company s structure, while retaining all of the CEOs of its subsidiaries in the latest round of staff assignments. The lender said the year-end executive appointments announced on Tuesday reflect a strategy of proactively enhancing efficiency and productivity in response to an anticipated economic downturn next year.
The country s regional commercial banks are expected to remain extremely cautious about expanding their operations from their respective regions to the whole of Korea, although the financial regulator has given them the green light if they so wish, according to industry analysts, Thursday.
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