Shinhan Bank Selected as 'Global Best Trade Finance Innovation Bank' by Global Finance

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 17th that it was selected as the "Best Trade Finance Innovation Bank" at the "2022 Best Trade Finance - Supply Chain Finance Awards" hosted by the global financial magazine Global Finance.

Global Finance, the award organizer, is a financial media outlet founded in New York in 1987, subscribed to by more than 50,000 CEOs and financial experts across 193 countries worldwide. Every year, it selects and announces outstanding banks in various fields.

The banks selected as the global best trade finance - supply chain finance banks in this award are leading global banks from North America and Europe that have excelled in these fields, and among domestic banks, only Shinhan Bank was named.

Shinhan Bank was selected as the best trade finance innovation bank due to its high evaluation for launching various new trade finance products such as export credit guarantees (comprehensive purchase) and purchase foreign exchange to support export-import companies, along with promoting DT-based foreign exchange business.

Shinhan Bank was previously selected as the "Best Innovation Bank in Foreign Exchange in Korea" in 2016, the "Global Best Innovation Bank in Foreign Exchange" for two consecutive years in 2018 and 2019, and the "Global Best Trade Finance Innovation Bank" in 2020.

A Shinhan Bank official said, "We were selected as the best innovation bank in the trade finance sector in competition with banks worldwide, including global leading banks," and added, "We will continue to provide innovative and differentiated solutions to export-import companies to meet customer expectations and maintain our status as a leading bank in the trade finance sector."