Shinhan Bank Vietnam wins Outstanding Depository and Supervisory Bank 2023 award

Shinhan Bank Vietnam Limited has been conferred the “Outstanding Depository and Supervisor Bank of the year 2023” award by the Vietnam Securities Depository and Clearing Corporation (VSDC).

This is the second consecutive year that Shinhan Bank Vietnam has won the prestigious annual award that recognizes members who have made positive contributions to securities depository and supervisory banking activities on the Vietnamese stock market.

Shinhan Bank is one of three foreign banks to receive this award.

Shinhan Bank was one of the first foreign banks licensed to operate depository operations in Vietnam in 2017. The bank is currently a leading provider of asset custody services to global custodian banks, securities companies, insurance companies, investment funds, especially funds from Korea and other investment institutions.

Shinhan Bank’s securities services provide capital account management services, asset custody, settlement of securities transactions, corporate-action processing, position reports, proxy voting, foreign exchange, and other services related to customers' investment activities on the Vietnamese stock market.

In 2019, Shinhan Bank deployed Fund Administration and Supervisory Bank services for local securities investment funds to offer administration services for open-ended funds, exchange-traded funds, and member funds.

"We are proud to be honored again this year as the Outstanding Custody and Supervisory Bank," said Lee Han Byeol, deputy general director in charge of corporate and capital market division at Shinhan Bank.

“This award recognizes our continuous efforts to make positive contributions that we are committed to deliver to clients who are fund management companies and local securities investment funds.

“As a custody and supervisor bank, we are committed to fulfilling our responsibilities, becoming a reliable partner of VSDC and our clients, together creating sustainable capital markets, improving service quality and contributing to the development of Vietnam's stock market."

Shinhan Bank Vietnam Limited (Shinhan Bank) is a subsidiary of Shinhan Bank Korea, an affiliate of Shinhan Financial Group (SFG). SFG is a leading financial holding company in Korea and listed to both Korea Exchange (KRX) and New York Stock Exchange (NYSE).

In Vietnam, Shinhan Bank’s story begins in 1993 when Shinhan Bank with the opening of a representative office in Ho Chi Minh City. Over 30 years since, the bank has built a broad network expanding to all regions in the country. Currently, Shinhan Bank offers a diverse portfolio of tailored corporate and consumer banking products and solutions.

Shinhan Bank has received four awards from prestigious international organizations this year: Best Foreign Retail Bank Vietnam 2023 by Global Business Review Magazine; Best Foreign Digital Bank Vietnam 2023 by International Business Magazine; Best Foreign Bank Vietnam 2023 granted by World Economic Magazine; and Fast Growing Corporate Bank Vietnam 2023 by Global Banking and Finance Review Magazine.

For more information about Shinhan Bank Vietnam, please visit:

Website: https://shinhan.com.vn/

Facebook: www.facebook.com/Shinhanbankvn/

Instagram: https://www.instagram.com/nganhangshinhan/