Shin Hong-dong, chairman of Shinhan Financial Group, noted, "We will create a foundation for the group's sustainable growth through careful examination of Central Asia, which is experiencing remarkable growth, and by expanding various exchanges."
Chairman Shin returned and made this statement after visiting major Central Asian countries such as Kazakhstan and Uzbekistan for three days starting from the 9th.
This trip was made to check the current status of local businesses in Central Asia, which is emerging as a global hub for the group, and to support the expansion of exchanges. Chairman Shin has emphasized the importance of a stable overseas business foundation since his tenure as president of Shinhan Bank.
During his trip, Chairman Shin met with key officials from local financial authorities, including the Financial Supervisory Service of Kazakhstan and the Central Bank of Uzbekistan. He also visited the headquarters of the joint venture "Aster Auto," which is participated in by Shinhan Finance, and reviewed the current status of the automobile sales business. Aster Auto is the leading dealer in local used car sales.
Shinhan Financial posted a global profit of 758.9 billion won as of the end of last year, the largest among domestic financial groups. The profit of Shinhan Kazakhstan Bank was 103.1 billion won, with an average growth rate of 231% over the past two years.