...Consistent Execution and Franchise: Shinhan Bank's Issuer Default Ratings (IDRs) are underpinned by its stable management, which has built a high degree of credibility among major constituencies by consistently executing strategy to deliver steady performance through the economic cycle. The ratings also take into account the bank's strong local franchise, as evident in the bank's 16% and 13% share of the system's deposits and loans, respectively, at end-2017. Shinhan has been a domestic systemically important bank in Korea since 2015. Sound Risk Control: Shinhan's sound risk control framework is likely to continue underpinning steady performance in the medium term. Its record of limiting exposure to troubled sectors ahead of local peers over the previous decade has helped stablise credit costs. Fitch Ratings expects Shinhan to maintain a gradual approach to overseas ¡ especially developing ¡ markets. Low Impaired Loans Ratio: Fitch expects Shinhan's impaired loan ratio of 0.5% at end-2017...
