Shinhan Bank’s Narasarang Card 300,000 cards surpass the mark, while bank bonds regain popularity
Shinhan Bank 5month 21day, Narasarang Card issuance exceeded 300,000 units, with related sales of 1,000 billion won. With deposit rates remaining in the 2% range, demand for AAA-rated bank bonds is also growing.
Shinhan Bank 5month 21day, announced that Narasarang Card issuance had exceeded 300,000 units. Sales related to the card topped 1,000 billion won. The company said expanded benefits for military personnel were behind the card issuance.
On the same day, as deposit rates remained in the 2% range, AAA-rated bank bonds were reported to have come into the spotlight in the market. Reports said demand for bank bonds as a safe asset was growing among investors. The bank said it was monitoring changes in bond demand.
Ahead of Memorial Day, Shinhan Bank carried out volunteer work cleaning graves at the National Cemetery. The volunteer work was conducted as part of its community activities. A bank official disclosed the participation in the volunteer work.
Kakao Pay and Shinhan Bank have shortened the processing time for mistaken remittances and 5announced a policy of processing them within the specified period. The policy aims to minimize customer harm. The two companies jointly revised the related procedures and processing standards.
Woori Technology announced that its 1quarterly order backlog 1,000had surpassed the announced threshold. The company disclosed the increase in its order backlog in its quarterly earnings announcement. The order backlog was presented as an indicator of potential future revenue.
Reports related to Shinhan Bank that day covered several developments, including card issuance results, corporate social responsibility activities, and an agreement on handling mistaken remittances. The market also saw discussion of deposit rate trends and changes in demand for bank bonds. The companies concerned announced the facts in their respective reports and disclosures.