Shinhan Bank, one of the nation’s leading lenders, said it achieved record-high stock fund returns last month.
Shinhan Bank has pushed to improve its financial services by increasing returns for clients, creating suitable programs and communication.
Shinhan bolstered their portfolio through strategic asset distribution and offering product strategies and increased the amount of foreign funds from Europe and China to 30.8 percent at the end of May, which is more than twice that of other financial institutions.
A Shinhan Bank official explains the lender’s stock fund product to a customer. (Shinhan Bank)
As China and the European Union are promoting financial easing to boost their economy, it is seeing much higher returns than those of domestic stock funds, which Shinhan promoted as its key financial products.
Shinhan Bank also brought significant results through strong communication, as their products become quickly known throughout its branches, and improved their system so that the bank would provide rebalancing on selling recommended stocks and investment assets without delay between headquarters and branches, bank officials said.
The bank also provided in-depth consultation services to customers by creating a fund expert consultation team.
Due to their efforts, Shinhan Bank said, they recorded 11.79 percent in domestic and foreign stock fund returns at the end of May in 2015, which also led to increased returns for its clients.
By Sang Youn-joo (sangyj@heraldcorp.com)