Korea

BEST BANK
Shinhan Bank

BEST EQUITY HOUSE
UBS

BEST DEBT HOUSE
JPMorgan

BEST M&A HOUSE
Morgan Stanley

With the domestic banking market in Korea being shaken up by increasing foreign interest, many of the local banks are struggling to compete effectively. Shinhan Bank is not one of them and wins the best bank in Korea award by dint of its very strong financial performance and sound management.

Shinhan’s 2004 financial results reported a net interest margin of 2.26%, return on average assets of 1.18%