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Shinhan weakening ties with BNP Paribas


Shinhan weakening ties with BNP Paribas
Posted : 2020-12-21 17:01
By Lee Min-hyung
Shinhan Life Insurance is on track to weaken its years-long ties with BNP Paribas Cardif General Insurance amid the latter s worsening profitability.
BNP Paribas, a French financial group, established the non-life insurer as a joint venture with Shinhan in 2014, with a view to expanding its footsteps into Korea s general insurance market.
But with the company failing to reap enough profits and expanding losses each year, Shinhan is moving to cut down its stake in BNP Paribas General Insurance.
As of the end of 2019, BNP Paribas Cardiff obtained a 91.29 percent stake in the general insurer, with Shinhan Life holding the rest. ....

Paribas Cardif , Paribas Cardiff , Shinhan Financial Group , Life Insurance , Cardif General Insurance , Shinhan Life , Shinhan Financial , Asset Management , பரிபாஸ் கார்டிஃப் , ஷின்ஹான் நிதி குழு , வாழ்க்கை காப்பீடு , ஷின்ஹான் வாழ்க்கை , ஷின்ஹான் நிதி , சொத்து மேலாண்மை ,

Will Shinhan accelerate establishment of digital insurer?


Will Shinhan accelerate establishment of digital insurer?
Posted : 2020-12-18 15:36
By Lee Min-hyung
Shinhan Life Insurance CEO Sung Dae-kyu
Shinhan Financial Group is expected to speed up its drive for the launch of a digital life insurer next year, after uncertainties over top management controlling the group s insurance business were cleared away during a recent year-end reshuffle.
In recent years Shinhan been searching for a non-life insurance firm, in a move to complete building its group-wide insurance portfolio. For now, the financial group has two life insurers, Shinhan Life Insurance and Orange Life Insurance, which will be integrated into one entity in July 2021. ....

South Korea , Shinhan Financial Group , Kb Financial Group , Prudential Life Company Of Korea , Korea Insurance Development Institute , Shinhan Life Insurance , Shinhan Life , Life Insurance , Financial Group , Orange Life Insurance , Prudential Life Company , Shinhan Financial , தெற்கு கொரியா , ஷின்ஹான் நிதி குழு , க்ப் நிதி குழு , விவேகமான வாழ்க்கை நிறுவனம் ஆஃப் கொரியா , கொரியா காப்பீடு வளர்ச்சி நிறுவனம் , ஷின்ஹான் வாழ்க்கை காப்பீடு , ஷின்ஹான் வாழ்க்கை , வாழ்க்கை காப்பீடு , நிதி குழு , ஆரஞ்சு வாழ்க்கை காப்பீடு , விவேகமான வாழ்க்கை நிறுவனம் , ஷின்ஹான் நிதி ,

Bank stocks losing growth momentum despite year-end dividend season


By Lee Min-hyung
Bank stocks are losing their growth momentum, even as the year-end dividend season draws near.
In most cases, stocks of financial holding firms rise around December, as investors turn their eyes on dividend offerings from major banks
But this appears not to be the case this year amid the growing likelihood that dividend payments will decline this year, compared to 2019, as the financial authorities have repeated calls for banks to reduce dividends temporarily in consideration of the virus-induced economic uncertainties.
Banks have fallen victim to the pressure from regulators, with investors paying less attention to financial stocks. For major lenders, their stock prices have been on a gradual rise since late November amid investors hope for year-end dividends. ....

United States , Choi Chung Uk , Joe Biden , Shinhan Financial Group , Kb Financial Group , Shinhan Financial , Hana Financial , Woori Financial , Financial Group , Financial Investment , ஒன்றுபட்டது மாநிலங்களில் , சோய் சுங் இங்கிலாந்து , ஓஹோ பிடென் , ஷின்ஹான் நிதி குழு , க்ப் நிதி குழு , ஷின்ஹான் நிதி , ஹனா நிதி , வூரி நிதி , நிதி குழு , நிதி முதலீடு ,

Diversifying local consumer finance


Diversifying local consumer finance
For the first time in a decade, Vietnam’s consumer finance market saw a single-digit growth rate
FE Credit, the biggest consumer finance player in Vietnam and a subsidiary of VPBank, is said to be preparing for its initial public offering (IPO) in the third quarter of 2021.
VPBank’s Board of Directors forecasts that a successful IPO could triple FE Credit’s share price compared to the book value after the equitisation, according to brokerage SSI.
Currently, the Vietnamese market boasts 16 consumer finance companies, of which six are subsidiaries of major local lenders, including HD Saison of HDBank, SHB Finance of SHB, MCredit of MB, and Post and Telecommunication Finance Co., Ltd. (PTF) of SeABank. ....

Republic Of , Ho Chi Minh City , H Chíinh , Dinh Quang Huy , Ho Chi Minh City Securities Company , Kookmin Bank , Telecommunication Finance Co Ltd , Mcredit To Shinsei Bank , Bhd Bank , State Bank , Shinsei Bank , Techcom Finance , Lotte Card , South Korea , Responsability Investment , Quang Huy , Mirae Asset Finance Vietnam , Lotte Finance Vietnam , Shinhan Finance , Lotte Finance , குடியரசு ஆஃப் , ஹோ சி மிந் நகரம் , டின் குவாங் ஹுய் , ஹோ சி மிந் நகரம் பத்திரங்கள் நிறுவனம் , தொலைத்தொடர்பு நிதி இணை லிமிடெட் , எச்டி வங்கி ,