UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
——————————
FORM 6-K
——————————
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Month of November 2025
Commission File Number: 001-31798
——————————
SHINHAN FINANCIAL GROUP CO., LTD.
(Translation of registrant's name into English)
——————————
20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea
(Address of principal executive offices)
——————————
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F Form 40-F
1
INDEX
No. |
Description |
1. 2. |
Summary of 3Q 2025 Business Report Exhibit 99.1 Shinhan Financial Group Review Report for the 3Q 2025 (Separate) |
3. |
Exhibit 99.2 Shinhan Financial Group Review Report for the 3Q 2025 (Consolidated) |
2
Summary of 3Q 2025 Business Report
On November 14, 2025, Shinhan Financial Group (“SFG”) filed its 3Q 2025 Business Report (the “Business Report”) with the Financial Services Commission of Korea and the Korea Exchange pursuant to the Financial Investment Services and Capital Market Act of Korea. This is the summary of the Business Report translated into English. Non-material or previously disclosed information are omitted or abridged.
The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards.
Table of Contents
1. Introduction of the Group
2. Business Results
3. Other Financial Information
4. Independent Auditor
5. Corporate Governance
6. Major Shareholders and Market Price Information of our Common Shares and ADRs
7. Directors, Executive Officers and Employees
8. Related Party Transactions
9. Internal Control
10. Contingencies
11. Material Information after the reporting period
3
1. Introduction of the Group
Business Objective
Shinhan Financial Group is a financial holding company that was established in September 1, 2001, through a stock transfer from the Shinhan Bank, Shinhan Securities Co., Ltd., Shinhan Capital Co., Ltd., and Shinhan BNP Paribas Asset Management Co., Ltd. The primary business objectives of the company includes the control and management of financial business, as well as financial support for its subsidiaries.
On September 10, 2001, the company was listed on the Korea Stock Exchange and on September 16, 2003, the company was registered with the U.S. Securities and Exchange Commission(SEC), where its American Depositary Shares(ADSs) were listed on the New York Stock Exchange(NYSE).
Company History
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H 2025 submitted on August 14, 2025 for your references.
Overview of the Business Group
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H 2025 submitted on August 14, 2025 for your references.
Credit Ratings
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H 2025 submitted on August 14, 2025 for your references.
4
Capital Structure
Number of Shares (as of Sept 30, 2025)
Types of Shares |
|
Number of Shares |
Number of shares authorized for issuance |
|
1,000,000,000 |
Number of common shares issued (1)(3) |
|
485,494,934 |
Number of preferred shares issued |
|
- |
Total outstanding shares |
|
481,594,934 |
Treasury stocks (2) |
|
3,900,001 |
Total outstanding shares |
|
485,494,933 |
Treasury stocks per total outstanding shares ratio |
|
0.80 |
1) SFG issued 8,232,906 shares of common stock in relation to a comprehensive stock exchange between SFG and Orange Life Insurance on January 28, 2020. On September 29, 2020, SFG had a paid-in capital increase and issued 39,130,000 common shares (third-party allocation). On December 30, 2020, SFG issued 72,719 shares of common stock in relation to a small-scale stock exchange between SFG and Neoplux. 2) SFG acquired treasury shares through the acquisition of 1 fractional shares as a result of a share exchange, acquisition of 3,900,000 treasury shares through trust agreement signed July 25, 2025. 3) SFG canceled treasury shares of 5,035,658 on June 01, 2020, 3,665,423 on April 25, 2022, 4,149,262 on November 23, 2022, 3,676,470 on March 28,2023, 4,243,281 on June 16, 2023, 2,842,929 on August 31, 2023, 2,744,718 on December 27, 2023, 3,366,257 on March 22, 2024, 5,947,889 on October 28, 2024, 7,603,260 on April 29, 2025, and 10,347,131 on June 26,2025 after completion of share repurchase program. Capital does not change due to the cancellation of acquired stocks within the range of dividend payable income. |
||
Dividends
|
|
(KRW million) |
|
Items |
3Q FY2025 (Jan. 1 ~ Sept. 30) |
FY2024 (Jan. 1 ~ Dec. 31) |
FY 2023 (Jan. 1 ~ Dec. 31) |
Par value per share (Won) |
5,000 |
5,000 |
5,000 |
(Consolidated) Net Income |
4,460,943 |
4,450,177 |
4,368,035 |
(Separate) Net Income |
2,430,160 |
1,619,867 |
1,671,011 |
(Consolidated Earnings per share (Won) |
8,829 |
8,441 |
8,048 |
Total Cash dividends |
828,228 |
1,088,042 |
1,085,819 |
Total stock dividends |
- |
- |
- |
(Consolidated) Cash dividend payout ratio (%) |
18.57 |
24.45 |
24.87 |
Cash dividend yield (%) – common shares |
2.32 |
4.26 |
4.87 |
Cash dividend yield (%) – preferred shares |
- |
- |
- |
Stock dividend yield (%) |
- |
- |
- |
Cash dividend per share (Won) |
1,710 |
2,160 |
2,100 |
Stock dividend per share |
- |
- |
- |
5
2. Business Results
Operating Results
|
|
(KRW billion) |
|||
|
3Q FY 2025 (Jan. 1 ~ Sept. 30) |
FY 2024 (Jan. 1 ~ Dec. 31) |
FY 2023 (Jan. 1 ~ Dec. 31) |
||
Net interest income |
8,666 |
11,402 |
10,818 |
||
Interest income |
20,938 |
29,209 |
27,579 |
||
Interest expense |
12,271 |
17,807 |
16,761 |
||
Net fees and commission income |
2,208 |
2,715 |
2,647 |
||
Fees and commission income |
3,395 |
4,295 |
4,175 |
||
Fees and commission expense |
1,187 |
1,581 |
1,528 |
||
Net insurance income |
39 |
884 |
598 |
||
Insurance income |
2,673 |
3,393 |
3,088 |
||
Insurance expense |
2,634 |
2,509 |
2,490 |
||
Net gain(loss) on securities and FX trading/derivatives |
2,504 |
2,038 |
2,485 |
||
Provision for credit loss and impairment loss |
-1,504 |
-2,104 |
-2,251 |
||
Net other operating income(expense) |
-1,581 |
-2,360 |
-2,300 |
||
General and administrative expenses |
4,418 |
6,116 |
5,895 |
||
Net operating income |
5,913 |
6,459 |
6,101 |
||
Equity method income |
136 |
-24 |
125 |
||
Other non-operating income(expense), net |
-21 |
-406 |
-261 |
||
Profit before income taxes |
6,028 |
6,029 |
5,965 |
||
Income tax expense |
1,482 |
1,471 |
1,487 |
||
Consolidated net profit |
4,547 |
4,558 |
4,478 |
||
Net profit attributable to equity holders of the Group |
4,461 |
4,450 |
4,368 |
||
Net profit attributable to non-controlling interest |
86 |
108 |
110 |
||
1) Some of the totals may not sum due to rounding numbers. |
|||||
6
Source and Use of Funds
Consolidated Basis (KRW billion, %) |
3Q 2025 |
FY 2024 |
FY 2023 |
||||||||||
Jan. 01 ~ Sept. 30 |
Jan. 01 ~ Dec. 31 |
Jan. 01 ~ Dec. 31 |
|||||||||||
Average Balance1) |
Propor-tions (%) |
Interest Paid |
Interest Rate (%) |
Average Balance1) |
Propor-tions (%) |
Interest Paid |
Interest Rate (%) |
Average Balance1) |
Propor-tions (%) |
Interest Paid |
Interest Rate (%) |
||
Source |
Deposits |
426,128.3 |
56.4 |
6,954.4 |
2.18 |
403,986.6 |
55.9 |
10,220.8 |
2.53 |
383,064.0 |
56.3 |
9,790.8 |
2.56 |
Borrowings |
51,711.2 |
6.9 |
1,151.8 |
2.98 |
54,754.3 |
7.6 |
1,862.4 |
3.40 |
53,259.8 |
7.8 |
1,895.9 |
3.56 |
|
Debt Securities Issued |
91,370.5 |
12.1 |
2,513.5 |
3.68 |
87,474.4 |
12.1 |
3,422.0 |
3.91 |
76,797.0 |
11.3 |
2,735.4 |
3.56 |
|
Other Liabilities |
126,459.1 |
16.7 |
- |
- |
119,008.3 |
16.5 |
- |
- |
111,158.7 |
16.4 |
- |
- |
|
Total Liabilities |
695,669.1 |
92.1 |
- |
- |
665,223.6 |
92.0 |
- |
- |
624,279.5 |
91.8 |
- |
- |
|
Total Stockholder's Equity |
59,735.5 |
7.9 |
- |
- |
57,655.6 |
8.0 |
- |
- |
55,597.4 |
8.2 |
- |
- |
|
Total Liabilities & SE |
755,404.6 |
100.0 |
- |
- |
722,879.2 |
100.0 |
- |
- |
679,876.9 |
100.0 |
- |
- |
|
Use |
Cash & Due from Banks |
43,106.7 |
5.7 |
573.5 |
1.78 |
38,020.3 |
5.3 |
780.2 |
2.05 |
34,892.3 |
5.1 |
590.8 |
1. |
7
|
|
|
|
|
|
|
|
|
|
|
|
|
69 |
Loans |
453,027.1 |
60.0 |
16,054.1 |
4.74 |
434,102.2 |
60.1 |
22,542.6 |
5.19 |
410,463.6 |
60.4 |
21,823.8 |
5.32 |
|
Loans in KRW |
354,000.7 |
46.9 |
11,578.7 |
4.37 |
339,139.5 |
46.9 |
16,520.0 |
4.87 |
317,950.0 |
46.8 |
16,093.6 |
5.06 |
|
Loans in Foreign Currency |
49,038.9 |
6.5 |
1,827.2 |
4.98 |
44,188.9 |
6.1 |
2,402.3 |
5.44 |
40,341.7 |
5.9 |
2,160.6 |
5.36 |
|
Credit Card Accounts |
28,497.5 |
3.8 |
1,742.9 |
8.18 |
27,982.2 |
3.9 |
2,256.0 |
8.06 |
27,965.4 |
4.1 |
2,162.1 |
7.73 |
|
Others |
21,490.0 |
2.9 |
905.3 |
5.63 |
22,791.6 |
3.2 |
1,364.3 |
5.99 |
24,206.5 |
3.6 |
1,407.5 |
5.81 |
|
FVPL Financial Assets |
44,617.3 |
5.9 |
1,126.5 |
3.38 |
44,711.6 |
6.2 |
1,693.1 |
3.79 |
38,184.2 |
5.6 |
1,396.4 |
3.66 |
|
FVOCI Financial Assets |
94,099.3 |
12.5 |
2,133.1 |
3.03 |
88,378.8 |
12.2 |
2,744.1 |
3.10 |
84,680.8 |
12.5 |
2,357.1 |
2.78 |
|
AC Financial Assets |
32,589.9 |
4.3 |
790.9 |
3.24 |
35,015.5 |
4.8 |
1,101.7 |
3.15 |
34,708.0 |
5.1 |
1,062.1 |
3.06 |
|
Other Assets |
87,964.3 |
11.6 |
- |
- |
82,650.8 |
11.4 |
- |
- |
76,948.0 |
11.3 |
- |
- |
|
Total Assets |
755,404.6 |
100.0 |
- |
- |
722,879.2 |
100.0 |
- |
- |
679,876.9 |
100.0 |
- |
- |
Notes :
8
.
9
3. Other Financial Information
1) Capital Adequacy
Consolidated BIS Ratio (Shinhan Financial Group)
|
|
|
(KRW billion) |
|
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Aggregate Amount of Equity Capital (A) |
55,180.0 |
53,904.9 |
50,192.5 |
Risk-Weighted Assets (B) |
340,595.0 |
342,375.3 |
314,180.7 |
BIS Ratio (A/B) |
16.10% |
15.74% |
15.98% |
Note: ▪ Calculated in accordance with Basel III ▪ The figures as of Sept 30, 2025 are preliminary |
|
|
|
Capital Adequacy Ratios (Subsidiaries)
|
|
|
|
(%) |
Subsidiary |
Capital Adequacy Ratio |
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Shinhan Bank |
BIS Capital Adequacy Ratio |
18.3 |
17.6 |
18.1 |
Shinhan Card |
Adjusted Equity Capital Ratio |
20.0 |
20.0 |
19.7 |
Shinhan Securities |
Net Capital Ratio |
1,965.8 |
1,345.0 |
926.6 |
Shinhan Life Insurance |
Risk Based Capital Ratio(K-ICS) |
190.0 |
205.7 |
250.8 |
Shinhan Capital |
Adjusted Equity Capital Ratio |
19.6 |
19.3 |
19.0 |
Shinhan Asset Management |
Equity Capital (KRW billion) |
270.5 |
316.6 |
233.2 |
Minimum Capital Requirement (KRW billion) |
54.1 |
50.1 |
49.1 |
|
Jeju Bank |
BIS Capital Adequacy Ratio |
17.1 |
17.6 |
17.5 |
Shinhan Savings Bank |
BIS Capital Adequacy Ratio |
20.5 |
20.1 |
17.6 |
Shinhan Asset Trust |
Net Capital Ratio |
854.9 |
519.1 |
926.8 |
Shinhan EZ Gen. Insurance |
Risk Based Capital Ratio(K-ICS) |
281.4 |
159.2 |
469.4 |
Notes : ▪ Basel III was applied in calculating Shinhan Bank and Jeju Bank’s BIS Capital Adequacy Ratio. ▪ Basel I was applied in calculating Shinhan Savings Bank’s BIS Capital Adequacy Ratio. ▪ The figures as of Sept 30, 2025 are preliminary ▪ Shinhan Life and Shinhan EZ General Insurance upgraded its insurance risk measurement system in anticipation of a new regulatory solvency regime for insurance companies, the Korean-Insurance Capital Standard (the “K-ICS”). As of the date of submission of the 3Q Report in 2025, the above payment capacity ratio is preliminary calculated, and the finally confirmed ratio will be amended and disclosed in Shinhan Life's 3Q 2025 business report and Shinhan EZ General Insurance's 3Q 2025 management disclosure. |
||||
2) Liquidity
Won Liquidity Ratio
|
|
|
(KRW billion, %) |
||||||||
Company |
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||
Won Assets |
Won Liabilities |
Won Liquidity Ratio(%) |
Won Assets |
Won Liabilities |
Won Liquidity Ratio(%) |
Won Liabilities |
Won Liabilities |
Won Liquidity Ratio(%) |
|||
Shinhan Financial Group |
1,559.1 |
382.0 |
408.1 |
1,051.7 |
56.4 |
1,865.9 |
721.2 |
235.9 |
305.8 |
||
Shinhan Card |
22,243.1 |
7,175.8 |
310.0 |
21,546.6 |
6,077.3 |
354.5 |
21,732.0 |
5,970.0 |
364.0 |
||
Shinhan Securities |
23,911.6 |
20,131.6 |
118.8 |
23,664.4 |
18,128.1 |
130.5 |
25,804.2 |
21,888.6 |
117.9 |
||
Shinhan Life Insurance |
5,606.9 |
1,343.7 |
417.3 |
5,635.7 |
1,359.9 |
414.4 |
21,863.8 |
1,479.1 |
1,478.2 |
||
Shinhan Capital |
1,766.1 |
967.0 |
182.6 |
2,143.6 |
1,084.1 |
197.7 |
2,760.2 |
1,064.9 |
259.2 |
||
Shinhan Savings Bank |
641.5 |
586.7 |
109.3 |
608.4 |
480.2 |
126.7 |
721.7 |
602.2 |
119.8 |
||
Shinhan Asset Trust |
140.0 |
10.9 |
1,288.5 |
186.3 |
11.0 |
1,686.2 |
185.2 |
21.2 |
872.0 |
||
Shinhan EZ General Insurance |
148.8 |
15.9 |
933.1 |
73.1 |
9.9 |
736.3 |
135.3 |
2.0 |
6,286.4 |
||
Notes: • Shinhan Financial Group: Due within 1 month • Shinhan Life Insurance and EZ General Insurance: (Won assets due within 3 months /3 months average of Claim payments )*100 • Shinhan Card, Shinhan Securities, Shinhan Capital, Shinhan Savings Bank and Shinhan Asset Trust : Due within 3 months • Liquidity Ratio for Shinhan Bank and Jeju Bank have been replaced by Liquidity Coverage Ratio from Mar 31, 2015 to reflect the recent amendments to detailed regulations on supervision of banking business.
|
|||||||||||
Liquidity Coverage Ratio
|
|
|
(KRW billion, %) |
||||||
Company |
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||
High Quality Liquid Assets |
Net Cash Outflows |
Liquidity Coverage Ratio(%)* |
High Quality Liquid Assets |
Net Cash Outflows |
Liquidity Coverage Ratio(%) |
High Quality Liquid Assets |
Net Cash Outflows |
Liquidity Coverage Ratio(%) |
|
Shinhan Bank |
94,136.9 |
90,016.6 |
104.6 |
90,658.4 |
87,753.4 |
103.3 |
85,172.4 |
85,155.4 |
100.0 |
Jeju Bank |
1,061.0 |
684.3 |
156.9 |
939.4 |
770.1 |
122.7 |
1,020.7 |
813.0 |
125.6 |
Notes: ▪ Liquidity Coverage Ratios are the arithmetic mean of daily LCRs. ▪ Financial Services Commission temporarily eased the regulatory minimum from 100.0% to 85.0% by end of June 2022 to 90.0% by end of September 2022, to 92.5% by end of June, 2023, to 95.0% by end of December 2023, to 97.5% by end of December 2024. From 2025 onwards, the regulatory minimum is back to 100% after normalized process.
|
|||||||||
Foreign Currency (FC) Liquidity Ratio
|
|
|
(USD millions, %) |
||||||
Company |
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||
FC Assets |
FC Liabilities |
FC Liquidity Ratio(%) |
FC Assets |
FC Liabilities |
FC Liquidity Ratio(%) |
FC Assets |
FC Liabilities |
FC Liquidity Ratio(%) |
|
Shinhan Financial Group |
530.8 |
- |
NA |
531.4 |
519.2 |
102.4 |
33.3 |
20.8 |
160.2 |
Shinhan Bank |
77,457.7 |
71,833.3 |
107.8 |
63,127.9 |
56,347.0 |
112.0 |
67,956.7 |
63,159.8 |
107.6 |
Shinhan Life Insurance |
2,658.7 |
192.9 |
1,378.2 |
2,074.0 |
163.0 |
1,272.3 |
2,598.7 |
174.4 |
1,490.1 |
Shinhan Securities |
11,412.8 |
9,741.5 |
117.2 |
11,083.7 |
9,616.5 |
115.3 |
10,318.0 |
9,117.0 |
113.2 |
Shinhan Capital |
66.7 |
1.3 |
5,141.0 |
79.7 |
0.6 |
13,743.7 |
55.6 |
0.4 |
13,556.1 |
Jeju Bank |
9.3 |
4.4 |
210.7 |
10.1 |
0.8 |
1,295.2 |
13.4 |
2.2 |
605.7 |
Notes : ▪ Foreign currency liquidity ratios are computed with assets and liabilities due within 3 months. ▪ Jeju Bank’s foreign currency liquidity ratio is based on the application of the liquidity weight. |
|||||||||
Foreign Currency (FC) Liquidity Coverage Ratio
|
|
|
(%) |
Company |
3Q 2025 |
FY 2024 |
FY 2023 |
Jan. 1 ~ Sept. 30 |
Jan. 1 ~ Dec. 31 |
Jan. 1 ~ Dec. 31 |
|
Shinhan Bank |
157.6 |
148.8 |
157.8 |
Notes :
3) Asset Quality
SFG Consolidated Basis
(KRW billion) |
|||
|
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Total Loans |
470,855.6 |
452,826.9 |
413,664.8 |
Substandard & Below |
3,631.0 |
3,562.4 |
2,668.4 |
Substandard & Below Ratio |
0.77% |
0.79% |
0.65% |
Non-Performing Loans |
3,123.0 |
2,974.7 |
2,176.6 |
NPL Ratio |
0.66% |
0.66% |
0.53% |
Substandard & Below Coverage Ratio |
123.61% |
132.48% |
165.61% |
Loan Loss Allowance |
4,488.3 |
4,719.3 |
4,419.1 |
Substandard & Below Loans |
3,631.0 |
3,562.4 |
2,668.4 |
Separate Basis
(%) |
Sept. 30 2025 |
Dec. 31 2024 |
Dec. 31 2023 |
||||||
Substandard & Below Ratio |
NPL Ratio |
Substandard & Below Coverage Ratio |
Substandard & Below Ratio |
NPL Ratio |
Substandard & Below Coverage Ratio |
Substandard & Below Ratio |
NPL Ratio |
Substandard & Below Coverage Ratio 1) |
|
Shinhan Financial Group |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Shinhan Bank |
0.3 |
0.26 |
164 |
0.24 |
0.18 |
202 |
0.24 |
0.19 |
233 |
Shinhan Card |
1.26 |
0.75 |
219 |
1.32 |
0.80 |
243 |
1.31 |
0.70 |
248 |
Shinhan Securites |
10.85 |
10.85 |
79 |
18.30 |
18.30 |
70 |
12.86 |
12.86 |
62 |
Shinhan Life Insurance |
0.59 |
0.43 |
215 |
0.32 |
0.32 |
393 |
0.21 |
0.21 |
510 |
Shinhan Capital |
2.76 |
2.40 |
101 |
3.98 |
2.35 |
75 |
1.74 |
0.74 |
193 |
Jeju Bank |
1.61 |
1.55 |
85 |
1.32 |
1.22 |
114 |
0.98 |
0.87 |
120 |
Shinhan Savings Bank |
6.84 |
12.10 |
81 |
7.90 |
13.16 |
72 |
4.38 |
9.10 |
93 |
Shinhan Asset Trust |
80.47 |
57.27 |
40 |
75.15 |
52.31 |
43 |
64.66 |
9.04 |
15 |
4) Debt to Equity Ratios
Shinhan Financial Group (Separate Basis)
(KRW billion) |
|||
|
Sept. 30, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Debt |
11,378.9 |
11,324.1 |
11,190.4 |
Equity |
27,044.1 |
26,348.2 |
26,099.1 |
Debt to Equity Ratio |
42.08% |
42.98% |
42.88% |
Twenty Largest Exposures by Borrower
(KRW billion) |
||||||
As of Sept 30, 2025 Consolidated basis |
Loans in Won |
Loans in Foreign Currency |
Securities |
Guarantees and Acceptances |
Others |
Total Exposures |
Woori Bank |
1,620.5 |
17.5 |
1,291.0 |
0.0 |
0.0 |
2,929.0 |
Korea Electric Power Corporation |
0.3 |
85.7 |
2,703.9 |
80.0 |
0.0 |
2,869.8 |
KEB Hana Bank |
1,333.5 |
82.5 |
1,390.1 |
38.4 |
0.0 |
2,844.4 |
Samsung Electronics |
0.0 |
2,224.6 |
2.4 |
0.0 |
0.0 |
2,227.0 |
KB Bank |
831.3 |
0.0 |
1,014.2 |
15.0 |
0.0 |
1,860.4 |
Nong Hyup Bank |
371.1 |
3.7 |
1,294.8 |
48.0 |
0.0 |
1,717.6 |
LG Display |
908.0 |
616.9 |
49.9 |
0.0 |
0.0 |
1,574.9 |
Lotte Hotel |
100.6 |
603.3 |
90.7 |
684.4 |
0.0 |
1,478.9 |
Samsung Asset Management |
170.5 |
0.0 |
1,158.6 |
0.0 |
0.0 |
1,329.1 |
S-Oil |
531.7 |
364.5 |
368.8 |
13.4 |
0.0 |
1,278.4 |
KT |
153.0 |
0.0 |
1,048.6 |
48.0 |
0.0 |
1,249.5 |
Lotte Chemical Corporation |
290.0 |
168.8 |
79.8 |
625.0 |
0.0 |
1,163.5 |
Korea Hydro & Nuclear Power |
0.0 |
0.0 |
567.6 |
567.5 |
0.0 |
1,135.1 |
Hanwha Corporation |
650.7 |
181.0 |
220.6 |
63.7 |
0.0 |
1,116.1 |
LIG NEX1 Co.,Ltd |
3.0 |
0.0 |
20.0 |
1,053.8 |
0.0 |
1,076.8 |
Mirae Asset Securities |
0.0 |
0.0 |
1,055.3 |
0.0 |
0.0 |
1,055.3 |
National Agricultural Cooperative Federation |
76.5 |
0.0 |
977.4 |
0.0 |
0.0 |
1,053.9 |
SK Hynix |
425.3 |
0.0 |
573.9 |
35.4 |
0.0 |
1,034.6 |
HD Hyundai Heavy Industries Co.,Ltd |
0.0 |
0.0 |
0.6 |
972.1 |
0.4 |
973.1 |
IBK Asset Management |
0.0 |
0.0 |
939.0 |
0.0 |
0.0 |
939.0 |
Total |
7,466.0 |
4,348.5 |
14,847.1 |
4,244.7 |
0.4 |
30,906.7 |
Note) Some of the totals may not sum due to rounding |
||||||
Exposure to ten Main Debtor Groups
(KRW billion) |
||||||
As of Sept. 30, 2025 Consolidated basis |
Loans in Won |
Loans in Foreign Currency |
Securities |
Guarantees and Acceptances |
Others |
Total Exposures |
Samsung |
442.8 |
3,479.4 |
1,712.1 |
1,680.7 |
0.1 |
7,315.0 |
Lotte |
2,565.0 |
1,211.1 |
881.3 |
1,664.8 |
0.0 |
6,322.2 |
SK |
1,833.5 |
854.4 |
2,254.6 |
453.4 |
0.0 |
5,395.9 |
Hyundai Motor Company |
1,044.0 |
1,179.6 |
1,405.3 |
517.8 |
0.0 |
4,146.7 |
Hanwha |
1,478.2 |
612.2 |
1,229.7 |
737.7 |
0.0 |
4,057.8 |
LG |
1,169.3 |
861.7 |
931.9 |
239.4 |
0.0 |
3,202.3 |
Hyundai Heavy Industries |
486.4 |
44.2 |
205.1 |
2,250.0 |
0.4 |
2,986.1 |
LS |
233.9 |
1,211.0 |
189.0 |
1,103.0 |
0.0 |
2,736.9 |
KT |
213.8 |
90.8 |
1,219.6 |
139.5 |
0.0 |
1,663.7 |
POSCO |
821.5 |
486.9 |
292.8 |
57.2 |
0.0 |
1,658.5 |
Total |
10,288.4 |
10,031.1 |
10,321.5 |
8,843.5 |
0.5 |
39,485.1 |
Note) Some of the totals may not sum due to rounding |
||||||
Top Twenty Non-Performing Loans
(KRW billion) |
||||
Borrower |
Industry |
Gross Principal Outstanding |
Substandard & Below |
Allowance for Loan Losses |
A |
Other financial service activities n.e.c. |
151.8 |
151.8 |
51.2 |
B |
Cable boradcasting |
64.9 |
64.9 |
64.9 |
C |
Development and subdividing of other real estate |
56.5 |
56.5 |
56.5 |
D |
Development and subdividing of non-residential building |
49.4 |
47.4 |
37.0 |
E |
Other financial service activities n.e.c. |
47.1 |
47.1 |
47.1 |
F |
Electronic commerce via internet |
31.5 |
31.5 |
61.9 |
G |
Development and subdividing of non-residential building |
30.4 |
30.4 |
0.4 |
H |
Other financial service activities n.e.c. |
20.3 |
20.3 |
20.3 |
I |
Development and subdividing of non-residential building |
49.0 |
20.0 |
29.0 |
J |
Museum activities |
20.0 |
20.0 |
0.0 |
K |
Other financial service activities n.e.c. |
19.0 |
19.0 |
19.0 |
L |
Development and subdividing of non-residential building |
19.0 |
19.0 |
0.0 |
M |
Trust and collective investment businesses |
17.3 |
17.3 |
6.3 |
N |
Other financial service activities n.e.c. |
15.5 |
15.5 |
2.7 |
O |
Development and subdividing of other real estate |
30.0 |
15.0 |
15.1 |
P |
Trust and collective investment businesses |
15.0 |
15.0 |
5.4 |
Q |
Development and subdividing of non-residential building |
14.0 |
14.0 |
14.0 |
R |
Development and subdividing of residential buildings |
13.7 |
13.7 |
13.6 |
S |
Other financial service activities n.e.c. |
13.0 |
13.0 |
11.6 |
T |
Research and experimental development on physics, chemistry and biology |
12.7 |
12.7 |
6.5 |
Total |
690.0 |
644.0 |
462.5 |
|
Notes : ▪ Consolidated basis as of Sept. 30, 2025 ▪ Some of the totals may not sum due to rounding. |
||||
4. Independent Auditor
Audit Opinion for the last 3 years
|
3Q 2025 |
FY 2024 |
FY 2023 |
Independent Auditor |
KPMG Samjong Accounting Corp. |
KPMG Samjong Accounting Corp. |
KPMG Samjong Accounting Corp. |
Audit Opinion |
- |
Unqualified |
Unqualified |
Note) The review of the 3rd quarter of 2025 by the external auditor did not identify any matters that would cause the interim financial statements, prepared in accordance with K-IFRS, to be considered not fairly presented in all material respects. |
|||
Compensation to the Independent Auditor for Audit and Review Services
The following is a description of the fees for audit and review services performed by our independent auditor for the last three years in connection with our financial statements preparation.
Year |
Auditor |
Payment 1) |
Details |
Working hours |
3Q 2025 |
KPMG Samjong Accounting Corp. |
1,025 (annualized basis) |
Review/Audit of Financial Statements |
5,255 Hours |
KPMG Samjong Accounting Corp. |
135 (annualized basis) |
K-IFRS Report Package Audit for Shinhan Savings Bank |
512 Hours |
|
FY 2024 |
KPMG Samjong Accounting Corp. |
1,025 (annualized basis) |
Review/Audit of Financial Statements |
9,071 Hours |
KPMG Samjong Accounting Corp. |
135 (annualized basis) |
K-IFRS Report Package Audit for Shinhan Savings Bank |
1,144 Hours |
|
FY 2023 |
KPMG Samjong Accounting Corp. |
1,187 (annualized basis) |
Review/Audit of Financial Statements |
11,311 Hours |
KPMG Samjong Accounting Corp. |
133 (annualized basis) |
K-IFRS Report Package Audit for Shinhan Savings Bank |
1,207 Hours |
|
1) Excluding value-added taxes. |
||||
Change of External Auditor
Financial |
Changed Company |
Previous Auditor |
Changed Auditor |
Detail |
FY2023 |
Shinhan Financial Group Co., Ltd. |
PWC Samil Accounting Corp. |
KPMG Samjong Accounting Corp. |
Expiration of the audit contract term |
Note) Pursuant to the Act on External Audit of Stock Companies, etc. and its enforcement decree, the audit contract term of PWC Samil, designated as the external auditor for Shinhan Financial Group for the 20th to 22nd fiscal year has expired. Accordingly, the external auditor for the 23rd fiscal year of Shinhan Financial Group and its subsidiaries has been changed from PWC Samil to KPMG Samjong.
5. Corporate Governance
Board of Directors and committees of the Board of Directors
Not required to be disclosed in quarterly reports. Please refer to the business report for 1H FY2025 submitted on August 14th, 2025 for your reference.
6. Major Shareholder and Market Price Information of our Common Shares and ADRs
Major Shareholders of Shinhan Financial Group (as of Sept. 30, 2025)
Name |
No. of Common Shares owned2) |
Ownership%1) |
National Pension Service |
44,311,470 |
9.13% |
1) Ownership% is based on rounding numbers of third decimal place 2) The number of common shares owned and ownership is based on shareholder registry as of end of September 2025 Note) As of the record date for the 3Q 2025 dividend (November 12, 2025), the National Pension Service's shareholding has been updated to 44,159,384 shares, representing a 9.10% ownership based on the shareholder registry. |
||
Common Shares Traded on the Korea Exchange
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H FY2025 submitted on August 14th, 2025 for your reference.
American Depositary Receipts traded on the New York Stock Exchange
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H FY2025 submitted on August 14th, 2025 for your reference.
7. Directors, Executive Officers and Employees
Directors and Executive Officers
1) Executive Director
Name |
Date of Birth |
Position |
Executive Director Since |
Date Term Ends(1) |
Jin Okdong |
Feb. 21, 1961 |
Chief Executive Officer |
March 23, 2023 |
March 2026 |
Note: The date on which the term will end will be the date of the general shareholders’ meeting in the relevant year.
Jin Okdong is our Chief Executive Officer. Prior to being elected to his current position on March 23, 2023, Mr. Jin served as the chief executive officer of Shinhan Bank from 2019 to 2023. Mr. Jin served as the deputy president of Shinhan Financial Group from 2017 to 2018, the deputy president of Shinhan Bank in 2017 and the chief executive officer of Shinhan Bank Japan from 2015 to 2016. Mr. Jin received a master’s degree in business administration from Chung Ang University.
2) Non-Executive and Outside Directors
Non-executive directors are directors who are not our employees and do not hold executive officer positions with us. Outside directors are non-executive directors who also satisfy the requirements set forth under the Financial Investment Services and Capital Markets Act to be independent of our major shareholders, affiliates and management. Our non-executive directors and outside directors are selected based on the candidates’ talents and skills in diverse areas, such as law, finance, economics, management and accounting. Currently, 1 non-executive director and 9 outside directors are in office, all of whom were nominated by our board of directors and approved at a general meeting of shareholders.
Our non-executive and outside directors are as follows:
Name |
Date of Birth |
Position |
Director Since |
Date Term Ends(1) |
Yoon Jaewon |
Aug. 29, 1970 |
Outside Director |
March 26, 2020 |
March 2026 |
Bae Hoon |
Mar. 30, 1953 |
Outside Director |
March 25, 2021 |
March 2026 |
Lee Yong Guk |
May 11, 1964 |
Outside Director |
March 25, 2021 |
March 2026 |
Kim Jo Seol |
Dec. 5, 1957 |
Outside Director |
March 24, 2022 |
March 2026 |
Kwak Su Keun |
Aug. 16, 1953 |
Outside Director |
March 25, 2021 |
March 2026 |
Song Seongjoo |
Mar. 26, 1971 |
Outside Director |
March 26, 2024 |
March 2026 |
Choi Young-Gwon |
Jul. 16, 1964 |
Outside Director |
March 26, 2024 |
March 2026 |
Yang In Jip |
Jul. 16, 1957 |
Outside Director |
March 26, 2025 |
March 2027 |
Chun Myo Sang |
May 20, 1980 |
Outside Director |
March 26, 2025 |
March 2027 |
Jung Sang Hyuk |
Nov. 26, 1964 |
Non-Executive Director |
March 23, 2023 |
March 2027 |
Note: The date on which each term will end will be the date of the general shareholders’ meeting in the relevant year.
Yoon Jaewon has been our outside director since March 26, 2020. Ms. Yoon is currently a professor at Hongik University College of Business Administration and member of the committee for National Tax Service as well as the committee on national accounting policy of the Ministry of Economy and Finance and Korea Custom Service. Ms. Yoon previously served as a non-executive judge at the Tax Tribunal from 2013 to 2019. Ms. Yoon received a Ph.D. in accounting from Korea University.
Bae Hoon has been our outside director since March 25, 2021. Mr. Bae is a lawyer and Certified Public Accountant in Japan and currently serves as a representative attorney at Orbis Legal Profession Corporation. Mr. Bae received a master’s degree in business administration from Kobe University.
Lee Yong Guk has been our outside director since March 25, 2021. Mr. Lee is a clinical professor at Seoul National University, School of Law. Mr. Lee currently serves as Senior Counsel at Cleary Gottlieb Steen & Hamilton LLP. Mr. Lee received a J.D. from Harvard University Law School.
Kim Jo Seol has been our outside director since March 24, 2022. Ms. Kim is a professor who teaches economics at Osaka University of Commerce and economist with a high awareness of Northeast Asian economics. Ms. Kim received a Ph.D. in economics from Osaka City University.
Kwak Su Keun has been our outside director since March 25, 2021. Mr. Kwak currently serves as an honorary professor of accounting at Seoul National University, Business School and chair of Corporate Governance Advisory Board at Korea Listed Companies Association. Mr. Kwak received a Ph.D. in business administration from University of North Carolina Chapel Hill.
Song Seongjoo has been newly appointed as our outside director since March 26, 2024. Ms. Song currently serves as a professor of statistics at Korea University since 2012 and Director of the Korea Risk Management Society. Ms. Song was previously an Advisory Professor, Economic Statistics Division, Bank of Korea. Ms. Song received a Ph. D in Statistics from University of Chicago.
Choi Young-Gwon has been newly appointed as our outside director since March 26, 2024. Mr. Choi currently serves as an Adjunct Professor, Graduate School of Business Administration, Sogang University and Adjunct Professor, College of Business Administration, Soongsil University. Mr. Choi was previously served the chief executive officer of Woori Asset Management in 2019-2023. Mr. Choi received a Ph.D. in Financial Management from Soongsil University.
Yang In Jip has been newly appointed as our outside director since March 26, 2025. Mr. Yang currently serves as a CEO of ONYCOME Co., Ltd. Mr. Yang was previously served Head of Global Business at HITEJINRO Co., Ltd. And CEO at Ssangyong Fire & Marine Insurance Co., Ltd. Mr. Yang received a Ph.D from Waseda University School of Commerce and MBA from University of Southern California.
Chun Myo Sang has been newly appointed as our outside director since March 26, 2025. Ms. Chun currently serves as a Head of Planning & Administration of SmartNews, Inc. Ms. Chun was previously a researcher and accounting advisor at Development Bank of Japan Inc. and Manager at KPMG. Ms. Chun received MBA from University of Southern California and BA from Kyoto University School of Economics.
Jung Sang Hyuk has been our non-executive director since March 23, 2023. Mr. Jung was the chief executive officer of Shinhan Bank and previously served as the deputy president of Shinhan Bank from 2020 to 2023 Mr. Jung received a bachelor’s degree in economics from Seoul National University.
Any director wishing to enter into a transaction with Shinhan Financial Group or any of its subsidiaries in his or her personal capacity is required to obtain the prior approval of our board of directors. The director having an interest in the transaction may not vote at the meeting of our board of directors at which the relevant transaction is subject to vote for approval.
3) Executive Officers
In addition to the executive directors who are also our executive officers, we currently have the following executive officers.
Name |
Date of Birth |
Position |
|
Koh Seogheon |
Sept. 27, 1968 |
Deputy President and Chief Strategy Officer |
|
Chun Sang Yung |
Jul. 25, 1969 |
Deputy President and Chief Financial Officer |
|
Lee Een-kyoon |
Apr. 1, 1967 |
Deputy President and Chief Operation Officer |
|
Name |
Date of Birth |
Position |
|
Park Hyun Joo |
Apr. 22, 1965 |
Deputy President and Chief Customer Protection Part |
|
Lee Young Ho |
Oct. 17, 1970 |
Executive Director and Chief Compliance Officer |
|
Bang Dong-kwon |
Feb. 10, 1966 |
Deputy President and Chief Risk Officer |
|
Kim Jion |
May. 12, 1968 |
Executive Director and Chief Audit Officer |
|
Kim Junhwan |
Jun. 23, 1972 |
Executive Director and Chief Digital Officer |
|
None of the executive officers have any significant activities outside Shinhan Financial Group.
Koh Seogheon has been our executive director and chief strategy officer since January 1, 2022. Mr. Koh previously served as the head of business management division and strategic planning team of Shinhan Financial Group. Mr. Koh received a bachelor’s degree in economics from Seoul National University.
Chun Sang Yung has been our deputy president and chief finance officer since January 1, 2024. Mr. Chun previously served as the head of group synergy division and business management division of Shinhan Financial Group. Mr. Chun received a bachelor’s degree in business management from Yonsei University.
Lee Een-kyoon has been our deputy president and chief operation officer since January 1, 2019. Mr. Lee previously served as the head of management support team and the head of secretary’s office of Shinhan Bank. Mr. Lee received a bachelor’s degree in English literature from Hanyang University.
Park Hyun Joo, has been our deputy president and chief consumer protection part since July 1, 2023. Ms. Park previously served as the head of Consumer Protection Division at Shinhan Bank. Ms. Park graduated from Seoul Girl’s Commercial High School.
Lee Young Ho, has been our executive director and Chief Compliance Officer since January 1, 2025. Mr. Lee previously served as Chief Compliance Officer at Shinhan Bank. Mr. Lee received a bachelor’s degree in law from Sogang University.
Kim Jion has been our executive director and chief audit officer since January 1, 2024. Ms. Kim previously served as the head of PRM marketing team at Shinhan Bank. Ms. Kim received a bachelor’s degree in economics from Yonsei University.
Bang Dong-kwon has been our chief risk officer since January 1, 2020. Mr. Bang previously served as the head of risk management department of Shinhan Bank. Mr. Bang received a bachelor’s degree in English language and literature from Sung Kyun Kwan University.
Kim Junhwan has been our executive director and head of digital part since January 1, 2024. Mr. Kim previously served as the head of digital innovation team at Shinhan Bank. Mr. Kim received a master’s degree in computer application design studies from Korea Advanced Institute of Science & Technology.
There are no family relationships among our directors and/or executive officers.
Compensation to Directors
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 3Q FY2025 submitted on August 14th, 2025 for your reference.
Compensation to Non-registered directors
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 3Q FY2025 submitted on August 14th, 2025 for your reference.
Stock Options
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 3Q FY2025 submitted on August 14th, 2025 for your reference.
Employees
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 3Q FY2025 submitted on August 14th, 2025 for your reference.
8. Related Party Transactions
Loans to Subsidiaries
(KRW billion) |
|||||||||
Loans to Subsidiaries |
Type |
Origination Date |
Maturity Date |
Lending Rate |
Beginning Balance (Jan. 1, 2025) |
Decrease |
Increase |
Others |
Ending Balance (Sept. 30, 2025) |
Shinhan Card |
Loan |
2019-04-18 |
2026-04-18 |
2.09% |
100 |
- |
- |
- |
100 |
Loan |
2019-10-22 |
2026-10-22 |
1.81% |
60 |
- |
- |
- |
60 |
|
Loan |
2020-09-17 |
2025-09-17 |
1.48% |
200 |
200 |
- |
- |
- |
|
Loan |
2020-10-29 |
2025-10-29 |
1.46% |
150 |
- |
- |
- |
150 |
|
Loan |
2021-02-18 |
2026-02-18 |
1.54% |
150 |
- |
- |
- |
150 |
|
Loan |
2021-02-24 |
2026-02-24 |
1.62% |
150 |
- |
- |
- |
150 |
|
Loan |
2021-11-11 |
2026-11-11 |
2.55% |
10 |
- |
- |
- |
10 |
|
Loan |
2022-04-20 |
2025-06-20 |
3.71% |
100 |
100 |
- |
- |
- |
|
Loan |
2022-07-18 |
2025-07-18 |
4.21% |
100 |
100 |
- |
- |
- |
|
Loan |
2022-07-18 |
2027-07-18 |
4.25% |
100 |
- |
- |
- |
100 |
|
Loan |
2023-04-21 |
2028-04-21 |
4.21% |
100 |
- |
- |
- |
100 |
|
Loan |
2025-03-25 |
2028-03-25 |
2.97% |
- |
- |
100 |
- |
100 |
|
Loan |
2025-03-25 |
2030-03-25 |
3.02% |
- |
- |
100 |
- |
100 |
|
Loan |
2025-07-18 |
2028-07-18 |
2.73% |
- |
- |
100 |
- |
100 |
|
Loan |
2025-07-18 |
2030-07-18 |
2.92% |
- |
- |
70 |
- |
70 |
|
Loan |
2025-09-17 |
2028-09-17 |
2.76% |
- |
- |
100 |
- |
100 |
|
Loan |
2025-09-17 |
2030-09-17 |
2.90% |
- |
- |
50 |
- |
50 |
|
Loan |
2019-11-19 |
2025-02-04 |
2.79% |
588 |
588 |
- |
- |
- |
|
Loan |
2021-05-26 |
2026-05-12 |
1.53% |
44 |
- |
- |
-2 |
42 |
|
Financial assets at FVPL |
2022-03-17 |
2052-03-17 |
4.01% |
404 |
- |
- |
2 |
406 |
|
Financial assets at FVPL |
2023-02-14 |
2053-02-14 |
5.28% |
314 |
- |
- |
- |
314 |
|
Shinhan Securities |
Loan |
2019-11-19 |
2025-02-04 |
2.79% |
132 |
132 |
- |
- |
- |
Loan |
2020-08-20 |
2025-08-20 |
2.55% |
731 |
731 |
- |
- |
- |
|
Loan |
2025-07-29 |
2030-07-29 |
5.13% |
- |
- |
676 |
11 |
687 |
|
Financial assets at FVPL |
2021-06-14 |
Perpetual Bond |
2.93% |
368 |
- |
- |
- |
368 |
|
Shinhan Capital |
Loan |
2020-04-10 |
2025-04-10 |
1.75% |
200 |
200 |
- |
- |
- |
Loan |
2020-12-23 |
2025-12-23 |
1.57% |
160 |
- |
- |
- |
160 |
|
Loan |
2021-03-16 |
2026-03-16 |
1.83% |
150 |
- |
- |
- |
150 |
|
Loan |
2025-04-22 |
2028-04-22 |
2.77% |
- |
- |
100 |
- |
100 |
|
Loan |
2021-05-13 |
2026-05-12 |
1.53% |
294 |
- |
- |
-14 |
280 |
|
Financial assets at FVPL |
2020-04-22 |
2050-04-22 |
3.56% |
99 |
99 |
- |
- |
- |
|
Financial assets at FVPL |
2021-07-28 |
2051-07-28 |
3.38% |
147 |
- |
- |
2 |
149 |
|
Financial assets at FVPL |
2025-04-22 |
2055-04-22 |
3.78% |
- |
- |
100 |
- |
100 |
|
Shinhan Savings Bank |
Loan |
2020-05-28 |
2025-05-28 |
1.52% |
50 |
50 |
- |
- |
- |
Loan |
2021-04-26 |
2026-04-26 |
1.85% |
50 |
- |
- |
- |
50 |
|
Loan |
2021-05-28 |
2026-05-28 |
1.99% |
50 |
- |
- |
- |
50 |
|
Shinhan DS |
Loan |
2024-02-01 |
2025-01-30 |
3.78% |
10 |
10 |
- |
- |
- |
Loan |
2025-01-31 |
2026-01-30 |
3.08% |
- |
- |
10 |
- |
10 |
|
Shinhan Venture |
Loan |
2024-02-26 |
2025-02-26 |
3.84% |
50 |
50 |
- |
- |
- |
Loan |
2024-10-11 |
2025-02-26 |
3.60% |
10 |
10 |
- |
- |
- |
|
Loan |
2025-02-26 |
2026-02-26 |
3.02% |
- |
- |
60 |
- |
60 |
|
Shinhan Asset Trust |
Loan |
2024-03-25 |
2027-03-25 |
3.76% |
100 |
- |
- |
- |
100 |
Financial assets at FVPL |
2024-05-23 |
2054-05-23 |
4.71% |
100 |
- |
- |
-3 |
97 |
|
Financial assets at FVPL |
2024-10-29 |
2054-10-29 |
4.10% |
51 |
- |
- |
- |
51 |
|
Total |
5,322 |
2,270 |
1,466 |
-4 |
4,514 |
||||
9. Internal Control
Not required to be disclosed in quarterly reports. Please refer to the business report for FY2024 submitted on March 18, 2025 and 1H FY2025 submitted on August 14th, 2025 for your reference.
10. Contingencies
Please refer to attached Exhibit 99.2 Shinhan Financial Group Review Report for the 3Q 2025(Consolidated), note 29. commitments and contingencies.
11. Material Information after the reporting period
1) Shinhan Financial Group resolved to pay quarterly cash dividends
On October 28, 2025, the Board of Directors of Shinhan Financial Group made a resolution to pay quarterly cash dividends.
- Dividend Amount : KRW 570 per share
- Record date : November 4, 2025
- Expected payment date : November 28, 2025
Please refer to Form 6-K submitted to Edgar system on October 28, 2025.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
Shinhan Financial Group Co., Ltd. |
||
|
|
|
|
(Registrant) |
||
|
|
|
|
|||
Date: November 14, 2025 |
|
|
|
By: |
|
/s/ CHUN Sang Yung |
|
|
|
|
|||
|
|
|||||
|
|
|
|
Name: CHUN Sang Yung |
||
|
|
|
|
Title: Chief Financial Officer |
||