{"id":19572,"date":"2026-04-20T15:02:59","date_gmt":"2026-04-20T10:02:59","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/south-korean-shinhan-bank-to-open-a-subsidiary-bank-in-uzbekistan\/"},"modified":"2026-04-20T15:02:59","modified_gmt":"2026-04-20T10:02:59","slug":"south-korean-shinhan-bank-to-open-a-subsidiary-bank-in-uzbekistan","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/south-korean-shinhan-bank-to-open-a-subsidiary-bank-in-uzbekistan\/","title":{"rendered":"South Korean Shinhan Bank to Open a Subsidiary Bank in Uzbekistan"},"content":{"rendered":"<h3>Why is this important<\/h3>\n<p>The entry of a major foreign bank will strengthen competition in the financial market and expand access for businesses and the public to credit and banking services. The direct presence of international players typically accelerates the introduction of new products and service standards. For the economy, this means an additional inflow of capital and the development of financial infrastructure.  <\/p>\n<h3>What happened<\/h3>\n<ul>\n<li>South Korea\u2019s Shinhan Bank <a href=\"https:\/\/pulse.mk.co.kr\/news\/english\/12021529\">plans<\/a> to open a subsidiary in Uzbekistan and enter the country\u2019s market.<\/li>\n<li>The bank has already made an internal decision to establish a local entity and intends to submit an application to regulators in the first half of 2026.<\/li>\n<li>Preparatory work has been completed, and full-scale operations may begin in 2027.<\/li>\n<\/ul>\n<h3>Numbers and facts<\/h3>\n<ul>\n<li>Shinhan Bank may open its 11th overseas branch, which would become the first such project among major Korean commercial banks in Uzbekistan.<\/li>\n<li>\u041f\u043b\u0430\u043d\u044b \u0432\u044b\u0445\u043e\u0434\u0430 \u043d\u0430 \u0440\u044b\u043d\u043e\u043a \u0440\u0430\u0437\u0440\u0430\u0431\u0430\u0442\u044b\u0432\u0430\u043b\u0438\u0441\u044c \u043e\u043a\u043e\u043b\u043e 17 \u043b\u0435\u0442. \u041f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u043e \u0431\u0430\u043d\u043a\u0430 \u0432 \u0422\u0430\u0448\u043a\u0435\u043d\u0442\u0435 \u0434\u0435\u0439\u0441\u0442\u0432\u0443\u0435\u0442 \u0441 2009 \u0433\u043e\u0434\u0430, \u0430 \u0432 \u041a\u0430\u0437\u0430\u0445\u0441\u0442\u0430\u043d\u0435 \u0434\u043e\u0447\u0435\u0440\u043d\u0438\u0439 \u0431\u0430\u043d\u043a \u0431\u044b\u043b \u043e\u0442\u043a\u0440\u044b\u0442 \u0432 2008 \u0433\u043e\u0434\u0443. <\/li>\n<li>\u0412 2024 \u0433\u043e\u0434\u0443 \u043d\u0430\u0447\u0430\u043b\u0438\u0441\u044c \u043e\u0444\u0438\u0446\u0438\u0430\u043b\u044c\u043d\u044b\u0435 <strong>\u043f\u0435\u0440\u0435\u0433\u043e\u0432\u043e\u0440\u044b \u0441 \u0443\u0437\u0431\u0435\u043a\u0441\u043a\u0438\u043c\u0438 \u0440\u0435\u0433\u0443\u043b\u044f\u0442\u043e\u0440\u0430\u043c\u0438<\/strong>, \u0430 \u0432 \u0430\u043f\u0440\u0435\u043b\u0435 \u0442\u043e\u0433\u043e \u0436\u0435 \u0433\u043e\u0434\u0430 \u0441\u0442\u0440\u0430\u043d\u0443 \u043f\u043e\u0441\u0435\u0442\u0438\u043b \u043f\u0440\u0435\u0434\u0441\u0435\u0434\u0430\u0442\u0435\u043b\u044c Shinhan Financial Group.<\/li>\n<li>The population of Uzbekistan is approximately 37 million, with an average age of 29. Interest rates in the market are around 14%. <\/li>\n<\/ul>\n<h3>Context<\/h3>\n<ul>\n<li>\u0414\u043b\u044f \u0431\u0438\u0437\u043d\u0435\u0441\u0430 \u043f\u043e\u044f\u0432\u0438\u0442\u0441\u044f \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0439 \u0438\u0441\u0442\u043e\u0447\u043d\u0438\u043a \u0444\u0438\u043d\u0430\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f \u0438 \u043d\u043e\u0432\u044b\u0435 \u0431\u0430\u043d\u043a\u043e\u0432\u0441\u043a\u0438\u0435 \u043f\u0440\u043e\u0434\u0443\u043a\u0442\u044b \u0441 \u043c\u0435\u0436\u0434\u0443\u043d\u0430\u0440\u043e\u0434\u043d\u043e\u0439 \u044d\u043a\u0441\u043f\u0435\u0440\u0442\u0438\u0437\u043e\u0439.<\/li>\n<li>For customers, it may lead to an expansion of credit and retail services, including mortgages and auto loans.<\/li>\n<li>\u0414\u043b\u044f \u0440\u044b\u043d\u043a\u0430 \u0432 \u0446\u0435\u043b\u043e\u043c \u043f\u0440\u0438\u0445\u043e\u0434 Shinhan \u0443\u0441\u0438\u043b\u0438\u0442 \u043a\u043e\u043d\u043a\u0443\u0440\u0435\u043d\u0446\u0438\u044e \u0438 \u0443\u0441\u043a\u043e\u0440\u0438\u0442 \u0440\u0430\u0437\u0432\u0438\u0442\u0438\u0435 \u0431\u0430\u043d\u043a\u043e\u0432\u0441\u043a\u043e\u0433\u043e \u0441\u0435\u043a\u0442\u043e\u0440\u0430.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The bank has already coordinated the details with regulators and completed its preparations.<\/p>\n","protected":false},"author":7,"featured_media":19565,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2026\/04\/69e603ff595d0.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":19565,"YlB8HH34jIzY":"South Korean Shinhan Bank to Open a Subsidiary Bank in Uzbekistan"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2212,3738,2143],"class_list":["post-19572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-banks","tag-international-cooperation","tag-investments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korean Shinhan Bank to Open a Subsidiary Bank in Uzbekistan &#8212; 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