Shinhan Bank Makes US$100 Million Profit Overseas

Shinhan Bank achieved overseas profits of more than US$100 million for the first time.

In a press release on Monday, the bank said cumulative overseas profits from January to October totaled $107.4 million, leading to expected full-year overseas profits of $120 million.

Overseas profits are up 20 percent compared to 2013 and stem from banking operations in Vietnam, Shinhan Bank said.

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