SIF | Shinhan Indo Finance

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PT. Shinhan Indo Finance

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1. Shinhan Card Co., Ltd.

Established in 1987, Shinhan Card operates as a wholly-owned subsidiary of Shinhan Financial Group. It delivers a comprehensive array of financial products and services, accessible through Shinhan Bank's extensive network of 900 branches and its own 25 branches across the nation. The core offerings of Shinhan Card encompass credit purchases, installment-based purchases, cash advances, card loans, and automobile installment/lease financing. With a steadfast commitment to innovation, Shinhan Card has spearheaded significant initiatives in the domains of big data, mobile and online payment gateways. The company extends its reach internationally, maintaining subsidiaries in Indonesia, Kazakhstan, Vietnam, and Myanmar.

Following its merger with LG Card in 2007, Shinhan Card solidified its standing as the foremost credit card enterprise in Korea. The company boasts a robust presence with 25 million active accounts, encompassing approximately 89% of the working-age population in Korea. Shinhan Card enjoys a strong credit rating conferred by prominent rating agencies, including AA+ (Local), A2 (Moody’s), A- (S&P), and A- (Fitch).

Throughout its trajectory, Shinhan Card has consistently driven innovation in marketing and product development. Remarkable successes include the implementation of a tailored marketing system and the Shinhan Play platform, a mobile payment solution. The company's preeminent status has been acknowledged through numerous industry accolades and awards.


2. Indomobil Group

PT Indomobil Sukses International Tbk. (Company) is the holding company of an integrated automotive business group which has several leading automotive subsidiaries in Indonesia.

The company was founded in 1976 under the name PT Indomobil Investment Corporation and in 1997 it was merged with PT Indomulti Inti Industri Tbk. and changed its name to PT Indomobil Sukses International Tbk.

The main business fields of the Company and its subsidiaries include brand license holders, vehicle sales distributor, after-sales service, motor vehicle financing services, parts distributor under the "IndoParts" brand, motor vehicle assembly, automotive component manufacturers, vehicle rental services, and other supporting businesses.


3. PT Tritunggal Intipermata

PT Tritunggal Intipermata (PT TIP) is a company based in Indonesia, with its head office in East Jakarta. It operates in the Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers sector. The company was established on December 14, 1994.


4. PT Asuransi Central Asia

PT Asuransi Central Asia (ACA) is a company engaged in general insurance business, which was established on August 29, 1956. At its inception, ACA’s head office was situated at Jalan Asemka No.28. Through the years and after several moves, ACA finally established its head office at Wisma Asia in 1998.

ACA has more than 74 branch and representative offices spread throughout Indonesia who are ready to provide the best service, supported by qualified human resources (HR) of more than 1300 employees.

ACA is one of the domestic insurance companies with the largest total assets in Indonesia, which currently stands at IDR 12.33 trillion. As of December 31, 2021, ACA’s total equity amounted to IDR 6.82 trillion and the solvency achievement ratio as of December 31, 2018 reached 343.39%, exceeding the minimum government requirement of 120%.