| (b) | Ownership of Shinhan Financial Group and its consolidated subsidiaries as of December 31, 2016 and 2017 are as follows: |
| Date of financial information |
Ownership (%) | |||||||||||||
|
Investor |
Investee (*1) |
Location | 2016 | 2017 | ||||||||||
|
Shinhan Financial Group |
Shinhan Bank | Korea | December 31 | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Card Co., Ltd. | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Investment Corp. | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Life Insurance Co., Ltd. | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Capital Co., Ltd. | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Jeju Bank | ” | ” | 68.9 | 68.9 | |||||||||
|
” |
Shinhan Credit Information Co., Ltd. |
” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Alternative Investment Management Inc (*3) |
” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan BNP Paribas Asset Management Co., Ltd. |
” | ” | 65.0 | 65.0 | |||||||||
|
” |
SHC Management Co., Ltd. | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Data System | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Savings Bank | ” | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan AITAS Co., Ltd. | ” | ” | 99.8 | 99.8 | |||||||||
|
” |
Shinhan REITs Management Co., Ltd. (*4) |
” | ” | — | 100.0 | |||||||||
|
Shinhan Bank |
Shinhan Asia Limited | Hong Kong | ” | 99.9 | 99.9 | |||||||||
|
” |
Shinhan Bank America | USA | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Bank Europe GmbH | Germany | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Khmer Bank PLC (*2) | Cambodia | ” | 90.0 | 97.5 | |||||||||
|
” |
Shinhan Bank Kazakhstan Limited | Kazakhstan | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Bank Canada | Canada | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Bank (China) Limited | China | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Bank Japan | Japan | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Bank Vietnam Ltd. | Vietnam | ” | 100.0 | 100.0 | |||||||||
|
” |
Banco Shinhan de Mexico | Mexico | ” | 99.9 | 99.9 | |||||||||
|
” |
PT Bank Shinhan Indonesia (*2) | Indonesia | ” | 98.98 | 99.0 | |||||||||
|
Shinhan Card Co., Ltd. |
LLP MFO Shinhan Finance | Kazakhstan | ” | 100.0 | 100.0 | |||||||||
|
” |
PT. Shinhan Indo Finance | Indonesia | ” | 50.0 | 50.0 | |||||||||
|
” |
Shinhan Microfinance Co., Ltd. | Myanmar | ” | 100.0 | 100.0 | |||||||||
|
Shinhan Investment Corp. |
Shinhan Investment Corp. USA Inc. | USA | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Investment Corp. Asia Ltd. | Hong Kong | ” | 100.0 | 100.0 | |||||||||
|
” |
Shinhan Securities Vietnam Co., Ltd. |
Vietnam | ” | 100.0 | 100.0 | |||||||||
|
Shinhan Investment Corp. |
PT. Shinhan Sekuritas Indonesia | Indonesia | December 31 | 99.0 | 99.0 | |||||||||
|
Shinhan BNP Paribas Asset Management Co., Ltd. |
Shinhan BNP Paribas Asset Management (Hong Kong) Limited |
Hong Kong | ” | 100.0 | 100.0 | |||||||||
| (*1) | Subsidiaries such as trust, beneficiary certificate, corporate restructuring fund and private equity fund which are not actually operating their own business are excluded. |
| (*2) | As a result of unequal capital increase, the equity interest in Shinhan Khmer Bank PLC and the equity interest in PT Bank Shinhan Indonesia was changed. |
| (*3) | In 2017, Shinhan Private Equity Inc. changed its name to Shinhan Alternative Investment Management Inc. |
| (*4) | In 2017, the Group invested in the newly established company, which became in a subsidiary of the Group. |