Shinhan Bank was founded in 1982 as a small but profitable, customer-friendly bank in Korea. It adopted a holding company structure (Shinhan Financial Group) in 2001. Since its foundation, the company has been growing continuously and is now a leading financial institution in Korea with a diversified business portfolio across banking, securities brokerage, asset management, leasing, life insurance and credit cards. Shinhan Financial Group is the largest financial institution by market capitalisation in Korea, and the buyer, Shinhan Card, is the largest credit card company in the country.
The Corporate Finance teams from PwC Malaysia and PwC Vietnam acted as the exclusive financial advisors to Shinhan Card in connection with the transaction. The team was retained subsequent to its role as the exclusive financial lead advisors of Shinhan Bank Vietnam Ltd.’s acquisition of the Retail Division of ANZ Bank (Vietnam) Limited.
Gregory Bournet Partner, PwC Malaysia |
Johnathan Ooi Partner, PwC Vietnam |
Angela Yang Director, PwC Vietnam |
Joanne Yap Senior Manager, PwC Malaysia |
Johnathan Ooi Siew Loke
Partner, Deals and Consulting Services Leader, PwC Vietnam
Tel: +84 28 3823 0796