Market Chatter: Shinhan Bank to Briefly Waive Early Repayment Fees on Mortgages

MT Newswires Live10-28

Shinhan Financial Group (KRX:055550) subsidiary Shinhan Bank will briefly waive early repayment fees on mortgage loans issued by Sept. 30, 2024, through end-November, Pulse News reported Friday.

The move aims to ease borrowers' financial burdens amid high rates and inflation. However, the waiver will not comprise certain loan types, such as state-backed mortgages, the report said.

Shares of Shinhan Financial Group fell over 3% at market close on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (KRW): ₩56000.00, Change: ₩-2000, Percent Change: -3.45%

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