Foreign Shareholders of Bank “Concerns about Profit Sharing”

[코로나 피해 지원]One after another inquiries, “How much will your profits decrease?”
Demanded “Go through the board agenda posting process”
Over 50% of foreign equity in major financial companies
It was found that foreign shareholders expressed concern about this as passports pressed to participate in the profit sharing system for banks and other financial sectors.

According to the financial sector on the 27th, some foreign shareholders of Financial Group A recently told the Investor Management (IR) department, “To participate in the profit-sharing system, you must go through a due process.” This is a concern”. An official from this group said, “Some foreign shareholders are demanding that they have to put up related agendas on the board of directors to participate in the profit-sharing system, but domestic directors are burdened with even suggesting the agenda.”

It has been reported that foreign investors’ inquiries about foreign securities companies’ domestic branches, asking, “How much will profits decrease if the profit-sharing system is implemented,” and “when will participation become visible?” Other financial companies are also closely watching the movements of overseas shareholders as politicians have successively demanded interest reductions and fund contributions for the corona19 victims targeting large financial companies such as banks. Foreign shares of major domestic financial groups such as KB Finance (66.4%), Shinhan Finance (58.4%), and Hana Finance (67.2%) account for more than 50%. An official from a financial holding company said, “After the financial authorities put a brake on the dividend of financial stocks, the profit sharing system has been discussed, increasing complaints from foreign investors.” Reporter Shin Na-ri [email protected]