Shinhan Financial Group Co., Ltd
(NYSE:SHG)

Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. It offers various deposits; personal, corporate, and investment finance, as well as business loans; and trust, foreign exchange, fund, bancassurance, and internet banking services. The comp...

Website: http://www.shinhangroup.com

Founded: 2001

Full Time Employees: 167

Sector: Financial Services

Industry: Banks-Regional

Regional Bank

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Quarterly

Annual

Unit: USD	2025-11-14	2025-08-14	2025-05-15	2025-03-18	2025-03-04	2024-11-14	2024-08-14	2024-05-16	2024-03-18	2024-03-04	2023-11-14	2023-08-14	2023-05-15	2023-03-15	2022-03-03	2021-11-17	2021-05-20	2021-03-03	2020-05-15	2019-05-21	2019-03-11	2017-11-14	2015-08-17	2015-05-15	2015-03-10	2011-11-29	2010-11-15	2010-08-16	2010-03-31	2010-02-26	2009-05-15	2009-03-31	2009-02-19	2008-12-31	2008-11-14	2008-08-14	2007-08-14	2007-05-15	2007-04-02	2006-11-21	2005-12-31	2005-11-17	2004-04-13	2003-12-31

balance at january 1, 2024	2,969,641,000,000
total comprehensive income
profit for the period			2,499,281,000,000													-16,896,000,000	1,328,049,000,000		1,364,977,000,000	1,248,976,000,000		-43,649,000,000	-43,354,000,000	1,018,593,000,000
other comprehensive income, net of income tax:
gain on valuation and disposal of securities at fair value through other comprehensive income
equity in other comprehensive income of associates																									4,297,000,000
foreign currency translation adjustments for foreign operations
net change in unrealized fair value of cash flow hedges
net finance expense on insurance contract assets
net finance expense on reinsurance contract assets
remeasurements of the net defined benefit liabilities
changes in own credit risk on financial liabilities designated at fair value through profit or loss
total other comprehensive income
other changes in equity
annual dividends
quarterly dividends
dividends to hybrid bonds
issuance of hybrid bonds	-797,866,000,000
redemption of hybrid bonds
transfer to retained earnings of redemption loss of hybrid bonds
acquisition of treasury stock
disposal of treasury stock
retirement of treasury stock
change in other capital adjustments
change in other non-controlling interests
reclassification between oci and retained earnings
balance at september 30, 2024	2,969,641,000,000
source		421,849.9		403,986.6		399,138.7	393,366.2	388,431.7	9,790.8		7,216.2	4,673.3	381,026.9
use		41,399.9		38,020.3		37,353	34,947.1	34,849	590.8		427.2	282.3	32,964.2
interest income			21,581,000,000						20,092		20,092	20,092	6,493								1,987,231,000,000						25,435,000,000	25,566	138,472,000,000	138,472,000,000	39,810,000,000	135,503,000,000	135,503,000,000		35,018,000,000	34,507,000,000	16,749,000,000	61,994,000,000	79,151,000,000	20,770,000,000	17,589,750,000	23,975,000,000	97,787,000,000
interest expense			-83,318,000,000		12,952,498,000,000				9,496	-286,642,000,000	9,496	9,496	3,919		-210,535,000,000	-52,785,000,000	-53,280,000,000	-231,205,000,000	-54,812,000,000	-50,188,000,000	-421,943,000,000	-45,600,000,000	-62,576,000,000	-63,178,000,000	-4,146,183,000,000	-93,458,000,000	84,831,000,000	82,298	421,627,000,000		116,664,000,000	390,602,000,000			93,306,000,000	90,076,000,000	79,891,000,000	62,647,000,000	129,644,000,000	34,737,000,000	20,239,750,000	28,854,000,000	92,616,000,000
net interest expense			-61,737,000,000							-193,138,000,000					-135,450,000,000	-33,410,000,000	-36,311,000,000	-162,086,000,000	-41,461,000,000	-38,226,000,000		-38,268,000,000	-48,231,000,000	-48,382,000,000		-63,471,000,000
fees and commission income			17,759,000,000		1,385,507,000,000				3,884	69,517,000,000	3,884	3,884	951		61,050,000,000	15,264,000,000	15,256,000,000	61,923,000,000	12,443,000,000	12,441,000,000		11,679,000,000	17,506,000,000	17,506,000,000	971,484,000,000	30,304,000,000
fees and commission expense			-147,000,000		362,535,000,000				1,466	-439,000,000	1,466	1,466	347		-2,399,000,000	-251,000,000	-97,000,000	-326,000,000	-93,000,000	-83,000,000		-11,000,000	-28,000,000	-56,000,000	-168,541,000,000	-24,000,000
net fees and commission income			17,612,000,000		1,022,972,000,000				2,414	69,078,000,000	2,418	2,418	603		58,651,000,000	15,013,000,000	15,159,000,000	61,597,000,000	12,350,000,000	12,358,000,000		11,668,000,000	17,478,000,000	17,450,000,000	802,943,000,000	30,280,000,000
dividend income			2,560,051,000,000		78,727,000,000					1,785,967,000,000					1,580,222,000,000	4,497,000,000	1,370,243,000,000	1,387,530,000,000	1,385,063,000,000	1,282,144,000,000	1,393,000,000			1,063,347,000,000	93,478,000,000
net gain on financial instruments at fair value through profit or loss			17,297,000,000		354,535,000,000												2,537,000,000		27,984,000,000
net foreign currency transaction gain			366,000,000							27,525,000,000					41,756,000,000	32,204,000,000	4,150,000,000	-5,432,000,000								-31,416,000,000
reversal of (benefit from) credit loss allowance			73,000,000
general and administrative expense			-29,687,000,000																																					10,282,000,000
operating income			2,503,975,000,000		5,059,246,000,000					1,706,640,000,000					1,424,182,000,000	-8,613,000,000	1,329,369,000,000	1,276,422,000,000	1,368,021,000,000	1,248,697,000,000	728,485,000,000	-44,078,000,000	-43,054,000,000	1,018,325,000,000	1,797,396,000,000		652,932,000,000	580,996	1,296,178,000,000		118,485,000,000	2,013,010,000,000			323,890,000,000	791,007,000,000	686,294,000,000	937,182,000,000	1,820,863,000,000	498,694,000,000	304,689,500,000	407,338,000,000	364,948,000,000
yoy															4.11%	-100.69%	82.48%	-2995.83%	-3277.45%	22.62%	-59.47%		-106.59%	175272191.03%	38.67%		451.07%	-100.00%			-63.42%	154.49%			-82.21%	58.62%	125.24%	130.07%	398.94%
qoq															-16635.26%	-100.65%	4.15%	-6.70%	9.56%	71.41%	-1752.72%	2.38%	-104.23%	-43.34%			112381396.60%	-100.00%			-94.11%				-59.05%	15.26%	-26.77%	-48.53%	265.13%	63.67%	-25.20%	11.62%
non-operating income			-3,102,000,000							-7,223,000,000												216,000,000			26,592,000,000			67	10,101,000,000						49,000,000	270,000,000	302,000,000	22,662,000,000	11,855,000,000	11,472,000,000
profit before income taxes			2,500,873,000,000		4,769,937,000,000				6,367	1,699,417,000,000	6,367	6,367	1,857		1,421,432,000,000	-9,890,000,000	1,329,313,000,000	1,277,509,000,000	1,367,721,000,000	1,248,439,000,000		-43,862,000,000	-43,228,000,000	1,018,323,000,000
income tax expense			1,592,000,000		1,074,024,000,000				1,611		1,611	1,611	442		7,476,000,000	7,006,000,000	1,264,000,000	3,066,000,000		-537,000,000	-183,227,000,000	-213,000,000	126,000,000		-380,143,000,000	1,006,000,000
other comprehensive income for the period, net of income taxitems that will not be reclassified to profit or loss:
remeasurements of the net defined benefit asset
total comprehensive income for the period			2,499,281,000,000													-16,896,000,000	1,328,049,000,000		1,364,977,000,000	1,248,976,000,000
basic and diluted earnings per share in won			4,957												2,430		2,428	2,354	2,708	2,617
financial instruments at fair value through profit or loss					697,467,000,000
financial instruments at fair value through other comprehensive income and amortized cost					21,092,068,000,000
net interest income					8,837,037,000,000				10,597		10,597	10,597	2,574								1,565,288,000,000				4,367,133,000,000
net foreign currencies transaction gain					339,943,000,000
net gain on financial instruments designated at fair value through profit or loss					-6,466,000,000
net gain on disposal of securities at fair value through other comprehensive income					101,135,000,000
net income on disposal of securities at amortized cost					-41,000,000
benefit from credit loss allowance					385,708,000,000										-2,868,000,000	-87,000,000	-362,000,000
general and administrative expenses					3,913,170,000,000				5,644	-135,853,000,000	5,644	5,644	1,356		-118,851,000,000	-29,168,000,000	-26,047,000,000	-103,095,000,000	-22,571,000,000	-23,293,000,000		-18,489,000,000	-16,077,000,000	-15,173,000,000	-2,918,011,000,000	-12,118,000,000	18,608,000,000	23,631	71,147,000,000		9,540,000,000	46,673,000,000	46,673,000,000		15,740,000,000	13,510,000,000	15,464,000,000	14,814,000,000	47,138,000,000		250,721,000,000	9,799,000,000	23,902,000,000
net other operating expenses					-1,369,718,000,000																				-505,118,000,000
net non-operating expenses					-299,165,000,000
share of profit of associates					9,856,000,000
profit for the year					3,695,913,000,000					1,671,011,000,000					1,413,956,000,000			1,274,443,000,000			515,413,000,000				1,455,653,000,000
(adjusted profit after reflection of regulatory reserve for loan loss
for the year ended december 31, 2024:
3,253,901 million won
for the year ended december 31, 2023:
3,219,679 million won
other comprehensive income for the year, net of income tax
items that may be reclassified subsequently to profit or loss:
foreign currency translation differences for foreign operations																									4,926,000,000
unrealized net change in fair value of securities at fair value through other comprehensive income
shares in other comprehensive income of associates
items that will not be reclassified to profit or loss:
remeasurements of defined benefit plans
changes in own credit risk on financial liabilitiesdesignated at fair value through profit or loss
total comprehensive income for the year										1,669,579,000,000					1,413,674,000,000			1,274,892,000,000			490,372,000,000
profit attributable to:
equity holder of shinhan bank
non-controlling interests																									429,000,000
total comprehensive income attributable to:
equity holders of shinhan bank
earnings per share:
net insurance income									1,849		1,849	1,849	-40
insurance income									3,629		3,629	3,629	712
insurance expense									1,780		1,780	1,780	752
net gain on securities and fx trading/derivatives									-381		-381	-381	931
benefit from credit loss and impairment loss									-1,318		-1,318	-1,318	-461
net other operating income									-1,616		-1,616	-1,616	-496
net operating income									5,906		5,906	5,906	1,756
equity method income									122		122	122	45
other non-operating income									339		339	339	56
consolidated net profit									4,756		4,756	4,756	1,414
net profit attributable to equity holders of the group									4,666		4,666	4,666	1,388
net profit attributable to non-controlling interest									90		90	90	26
1) based on the financial holding company business report submitted to the fss2) fiscal year 2022 has been restated retrospectively to reflect newly applied k-ifrs no.1117 ‘insurance contract’ from 2023. fiscal year 2021 has not been restated.
consolidated basis													1
1) fiscal year 2022 has been restated retrospectively to reflect newly applied k-ifrs no.1117 ‘insurance contract’ from 2023. fiscal year 2021 has not been restated.
financial assets at amortized cost										93,504,000,000					75,085,000,000	19,375,000,000	16,969,000,000	69,119,000,000	13,351,000,000	11,962,000,000	1,987,231,000,000
net gain on financial assets at fair value through profit or loss										151,698,000,000					722,000,000	2,338,000,000		91,665,000,000		4,577,000,000
reversal of credit loss allowance										1,363,000,000								-701,000,000
income tax benefit										28,406,000,000									2,744,000,000					270,000,000
items that will not be reclassified subsequently to profit or loss: re-measurements of the defined benefit asset										-1,432,000,000
basic and diluted earnings per share in korean won										2,853						-101
1) some of the totals may not sum due to rounding.2) fiscal year 2022 has been restated retrospectively to reflect newly applied k-ifrs no.1117 ‘insurance contract’ from 2023. fiscal year 2021 has not been restated.
1) some of the totals may not sum due to rounding.2) fiscal year 2022 has been restated retrospectively to reflect newly applied k-ifrs no.1117 ‘insurance contract’ from 2023.
other operating income																		6,944,000,000		2,334,000,000	-515,000,000
non-operating expense															-2,750,000,000	-1,277,000,000	-56,000,000	1,087,000,000	-300,000,000	-258,000,000	-25,252,000,000		-174,000,000	-2,000,000
items that will not be reclassified subsequently to profit or loss: re-measurements of the defined benefit liability															-282,000,000
other comprehensive income for the period, net of income tax
items that will not be reclassified subsequently to profit or loss re-measurements of the defined benefit liability																-153,000,000
items that will never be reclassified to profit or loss : re-measurements of the defined benefit liability																		449,000,000
net foreign currency transaction loss																			7,299,000,000	8,613,000,000
provision (reversal) for credit loss allowance																			-643,000,000
provision for credit loss allowance																				190,000,000	-469,362,000,000
loans and receivables
fee and commission income																					1,484,645,000,000
fee and commission income before k-ifrs no.1115																					2,620,085,000,000
consideration paid to customers																					-1,135,440,000,000
fee and commission expense																					-1,252,098,000,000
fee and commission expense before k-ifrs no.1115																					-2,387,538,000,000
net fee and commission income																					232,547,000,000
net income on trading financial assets
net income on financial assets at fair value through profit or loss																					55,567,000,000
net income on derivatives																					4,670,000,000
net income on foreign currency transactions																					31,050,000,000
net gain on sales of available-for-sale financial assets
net impairment loss on financial assets
general administrative expenses																					-692,153,000,000
impairment loss on investments in associates																					-4,593,000,000
profit before income tax																					698,640,000,000				1,835,796,000,000
other comprehensive income :
items that will never be reclassified to profit or loss
remeasurement of the net defined benefit obligations																					-10,481,000,000
net changes in the unrealized fair value of financial assets at fair value through other comprehensive income																					2,385,000,000
items that are or may be reclassified subsequently to profit or loss
net changes in the unrealized fair value of available-for-sale financial assets
net changes in the unrealized fair value of cash flow hedges																					-16,945,000,000
earnings per share basic and diluted earnings per share																					4,111
net trading income																						1,052,000,000	3,724,000,000	1,075,000,000		16,446,000,000
reversal of (provision for) credit losses																						-41,000,000	52,000,000	8,000,000		-15,000,000
other comprehensive loss for the period, net of income tax
items that will never be reclassified to profit or loss :
remeasurements of the defined benefit plans
items that will never be reclassified to profit or loss:
remeasurements of the defined benefit liabilities																							209,000,000
earnings per share
net trading loss																									-39,804,000,000
net foreign currencies transactions gain																									252,759,000,000
gain on financial instruments designated at fair value through profit or loss																									34,000,000
net gain on sale of available-for-sale financial assets																									427,992,000,000
impairment loss on financial assets																									-684,010,000,000
equity in income of investments in associate																									11,808,000,000
other comprehensive income:
unrealized net change in fair value of available-for-sale financial assets																									63,811,000,000
items that will never be reclassified subsequently to profit or loss
defined benefit plan actuarial gain																									-131,907,000,000
other comprehensive loss for the year, net of income tax																									-58,873,000,000
other operating income (expenses)																										32,226,000,000
income before income taxes																										-28,068,000,000	653,008,000,000	581,063	1,306,279,000,000		118,465,000,000	2,013,975,000,000			323,939,000,000	791,277,000,000	686,596,000,000	959,844,000,000	1,832,718,000,000		304,883,250,000	407,391,000,000
net income for the period																										-29,074,000,000
other comprehensive income for the period
cash flow hedges																										569,000,000
income tax effect																										-138,000,000
basic earnings per share in won
diluted earnings per share in won
operating revenue
equity in income of equity method accounted investees
royalty																											30,321,000,000	26,619	136,025,000,000	136,025,000,000	33,993,000,000	135,771,000,000	135,771,000,000		33,852,000,000	67,775,000,000
other																											726,000,000	23,501	14,793,000,000	582,000,000	996,000,000		999,000,000					396,000,000	1,495,000,000		332,029,000,000	148,000,000	-797,000,000
operating expense
equity in loss of equity method accounted investees																											7,000,000
fees and commission																											19,000,000	39	340,000,000		33,000,000	291,000,000	291,000,000		16,000,000	30,000,000	77,000,000	19,000,000	269,000,000		20,250,000	15,000,000	4,962,000,000
non-operating income(expenses)																											76,000,000					965,000,000
income tax expenses																											1,024,000,000
net income																																									304,883,250,000
yoy
qoq
(in millions of won,
except earnings per share)
gain from equity method investees
income from equity method investees																												7
income tax benefits																												2,486	13,000,000		13,000,000	6,423,000,000
gain from equity method accounted investments																														1,511,064,000,000
loss from equity method accounted investments																													244,000,000	244,000,000
operating expense - sum																													504,176,000,000
earning per share in won
i. operating revenues																														1,800,354,000,000			2,455,917,000,000
1. interest on due from banks																														18,584,000,000			18,589,000,000
2. interest on loans																														119,888,000,000			116,914,000,000
gain on foreign currency transaction																														10,818,000,000							657,000,000	749,000,000
reversal of allowance for possible loan losses																														3,975,000,000
ii. operating expenses																														504,176,000,000			442,907,000,000
interest expenses																														421,627,000,000			390,602,000,000
1. interest on borrowings																														64,518,000,000			32,402,000,000
2. interest on debentures																														357,109,000,000			358,200,000,000
loss on foreign currency transaction																																	13,000,000
commission expenses																														340,000,000
administrative expenses																														71,147,000,000
1. salaries																														26,479,000,000			3,857,000,000
2. retirement benefits																														1,425,000,000
3. employee benefits																														1,797,000,000			1,545,000,000
4. rent																														1,164,000,000			1,085,000,000
5. entertainment																														1,387,000,000			918,000,000
6. depreciation																														460,000,000			514,000,000
7. amortization on intangible assets																														433,000,000			297,000,000
8. bad debt expense																																	5,151,000,000
9. taxes and dues																														609,000,000			439,000,000
10. advertising																														18,788,000,000			15,168,000,000
11.commissions																														15,570,000,000			14,422,000,000
12. other expenses																														3,035,000,000			2,645,000,000
loss on derivatives																														10,818,000,000
iii. operating income																														1,296,178,000,000			2,013,010,000,000
iv. non-operating income																														11,131,000,000			999,000,000
gain on disposition of equity method accounted investments																														10,509,000,000
gain on sale of premises and equipment																														40,000,000
v. non-operating expenses																														1,030,000,000			34,000,000
loss on sale of premises and equipment																														2,000,000
contribution																														631,000,000			34,000,000
vi. income before income tax expenses																														1,306,279,000,000			2,013,975,000,000
vii. income tax benefits																														-13,000,000			6,423,000,000
viii. net income for year																														1,306,292,000,000			2,020,398,000,000
ix. earning per share
basic earnings per share
diluted earnings per share
operating revenue:
gain from equity method investment securities
operating expense:
loss from equity method investment securities
operating expense: - sum																															126,237,000,000					105,349,000,000				45,620,000,000			121,480,000,000
non-operating expenses																															-20,000,000
earnings per share in won and u.s. dollars
diluted earnings per share in won and u.s. dollars
income from equity method investment securities																																5,328,000,000					4,979,000,000
income from foreign currency transaction																																13,000,000					657,000,000	749,000,000
gain using equity method of accounting																																	2,184,643,000,000
loss using equity method of accounting																																	5,328,000,000
2. retirement allowance																																	632,000,000
gain on sale of tangible assets
diluted earnings per shares
equity from earnings of equity method investment securities
equity from loss of equity method investment securities																																			23,195,000,000	1,733,000,000
loss from foreign currency transaction
income taxes
total operating revenue																																						1,015,411,000,000	1,997,914,000,000
total operating expense																																						78,229,000,000	177,051,000,000
gain from equity method																																									314,137,750,000
loss from equity method																																								601,000,000	273,000,000	327,000,000
income per share in won and u.s. dollars
diluted income per share in won and u.s. dollars
operating expenses:
operating expenses: - sum																																									27,162,000,000	38,995,000,000
non-operating income (expenses)																																									193,750,000	53,000,000
ordinary income and net earnings per share in won and u.s. dollars																																									0.915		952
diluted ordinary income and net earnings per share in won and u.s. dollars																																									0.808		921
valuation gain using the equity method
non-operating income:
gain from sale of investment securities accounted for by the equity method																																											-166,000,000
loss from sale of available-for-sale securities																																											-1,725,000,000
gain on foreign currency transactions																																											1,000,000
donation																																											-34,000,000
non-operating income: - sum																																											-2,721,000,000
earnings before income taxes																																											362,227,000,000
net earnings

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-11-14	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-03-31	2024-03-04	2023-09-30	2023-03-04	2019-05-21	2019-03-11	2017-11-14	2015-08-17	2015-05-15	2015-03-10	2010-11-15	2010-08-16	2010-03-31	2010-02-26	2009-05-15	2009-03-31	2009-02-19	2008-12-31	2008-11-14	2008-03-31	2008-02-22	2007-08-14	2007-05-15	2006-04-02	2006-02-21	2004-04-13	2003-12-31	2002-12-31

assets
cash and due from banks at amortized cost	337,663,000,000	337,663,000,000	16,000,000	376,612,000,000	2,349,000,000	72,000,000		35,888,889,000,000	22,000,000	21,882,775,000,000
financial assets at fair value through profit or loss	3,506,010,000,000	3,506,010,000,000	3,632,919,000,000	4,596,273,000,000	3,037,400,000,000	4,149,843,000,000	606,717,000,000	66,712,929,000,000	1,985,760,000,000	47,790,320,000,000	953,943,000,000
loans at amortized cost	3,028,215,000,000	3,028,215,000,000	2,984,674,000,000	3,314,502,000,000	3,864,007,000,000	4,166,584,000,000		411,354,717,000,000	4,051,004,000,000	307,959,580,000,000
property and equipment	5,431,000,000	5,431,000,000	6,242,000,000	6,473,000,000	7,579,000,000	9,582,000,000	645,716,000,000	3,952,753,000,000	7,586,000,000	3,625,836,000,000	87,649,000,000	2,987,458,000,000	3,012,579,000,000	3,114,557,000,000	2,036,119,000,000	1,481,000,000	1,638,000,000	2,323,874,000,000		1,374,000,000	1,191,000,000		2,411,000,000,000	1,615,000,000	1,473,000,000		701,000,000	693,000,000
intangible assets	7,240,000,000	7,240,000,000	6,844,000,000	6,642,000,000	6,074,000,000	6,755,000,000	228,428,000,000	6,235,855,000,000	7,745,000,000	5,624,571,000,000	44,967,000,000	4,224,124,000,000	4,220,335,000,000	4,244,863,000,000	180,267,000,000																	1,173,551,000,000
investments in subsidiaries	30,723,705,000,000	30,723,705,000,000	30,723,705,000,000	30,723,705,000,000	30,593,155,000,000	30,723,087,000,000			30,723,087,000,000
net defined benefit assets				766,000,000		2,598,000,000	5,011,000,000	311,933,000,000	7,077,000,000
deferred tax assets	6,813,000,000	6,813,000,000					131,277,000,000	144,160,000,000		248,692,000,000	218,911,000,000	497,761,000,000	195,252,000,000	173,180,000,000	90,575,000,000
other assets	807,900,000,000	807,900,000,000	623,737,000,000	618,850,000,000	637,251,000,000	679,561,000,000	1,057,480,000,000	34,096,203,000,000	507,274,000,000	32,317,829,000,000	1,055,391,000,000	23,060,043,000,000	21,083,982,000,000	18,245,860,000,000	8,190,271,000,000	296,805,000,000	334,000,000,000	14,508,732,000,000		72,338,000,000	86,589,000,000		26,167,000,000,000	107,680,000,000	108,746,000,000		55,973,000,000	83,587,000,000	578,345,000,000			4,601,724,000,000	1,648,000,000,000
total assets	38,422,977,000,000	38,422,977,000,000	37,978,137,000,000	39,643,823,000,000	38,147,815,000,000	39,738,082,000,000	44,137,094,000,000	690,013,268,000,000	37,289,555,000,000	513,865,397,000,000	29,350,065,000,000								27,120,706,000,000			25,913,566,000,000	264,015,000,000,000			25,327,528,000,000					67,395,133,000,000
liabilities
borrowings	9,899,000,000	9,899,000,000	9,823,000,000	9,748,000,000	19,865,000,000	169,488,000,000	6,550,378,000,000	55,806,051,000,000	223,722,000,000	29,274,787,000,000	4,910,631,000,000	29,420,507,000,000	24,974,958,000,000	23,876,928,000,000	12,802,821,000,000			18,097,872,000,000					27,731,000,000,000
debt securities issued	10,517,579,000,000	10,517,579,000,000	9,576,232,000,000	10,045,455,000,000	10,525,669,000,000	10,845,299,000,000		77,181,740,000,000	10,389,276,000,000	67,263,045,000,000		49,572,020,000,000	39,270,034,000,000	38,506,393,000,000	16,581,408,000,000
net defined benefit liabilities	2,377,000,000	2,377,000,000	2,523,000,000		433,000,000			52,195,000,000
deferred tax liabilities			18,852,000,000	21,174,000,000	17,400,000,000	11,109,000,000		665,832,000,000	9,589,000,000	353,908,000,000		7,461,000,000	10,359,000,000	12,674,000,000	9,335,000,000
other liabilities	849,040,000,000	849,040,000,000	669,322,000,000	907,763,000,000	682,704,000,000	895,827,000,000	4,603,613,000,000	50,665,379,000,000	567,827,000,000	40,565,867,000,000	3,944,127,000,000	30,383,454,000,000	27,965,392,000,000	25,369,929,000,000	13,729,078,000,000	316,154,000,000	330,436,000,000	27,978,208,000,000		55,691,000,000	123,586,000,000		42,006,000,000,000	126,526,000,000	73,089,000,000		54,537,000,000	420,328,000,000	34,424,000,000
total liabilities	11,378,895,000,000	11,378,895,000,000	10,276,752,000,000	10,984,140,000,000	11,246,071,000,000	11,921,723,000,000	35,860,198,000,000	633,596,642,000,000	11,190,414,000,000	475,270,984,000,000	23,311,374,000,000	396,104,856,000,000	328,418,754,000,000	317,100,512,000,000	235,169,429,000,000	6,648,620,000,000	6,383,670,000,000	233,895,061,000,000	6,392,345,000,000	7,722,359,000,000	6,392,345,000,000	8,307,683,000,000	246,063,000,000,000	7,226,602,000,000	8,307,683,000,000	7,349,727,000,000	7,287,244,000,000	6,228,730,000,000	3,642,105,000,000		65,240,936,000,000	131,660,154,000,000	61,236,000,000,000
equity
capital stock	2,969,641,000,000	2,969,641,000,000	2,969,641,000,000	2,969,641,000,000	2,969,641,000,000	2,969,641,000,000		2,969,641,000,000	2,969,641,000,000	2,645,053,000,000		2,645,053,000,000	2,645,053,000,000	2,645,053,000,000	7,928,078,000,000
hybrid bonds	4,749,837,000,000	4,749,837,000,000	4,799,501,000,000	4,998,956,000,000	4,600,121,000,000	4,400,564,000,000	699,822,000,000	4,001,731,000,000	4,001,731,000,000	1,531,759,000,000		423,921,000,000	736,898,000,000	537,443,000,000	1,100,250,000,000
capital surplus	11,350,744,000,000	11,350,744,000,000	11,350,744,000,000	11,350,744,000,000	11,350,744,000,000	11,350,744,000,000	860,729,000,000	12,094,968,000,000	11,350,744,000,000	9,904,973,000,000	860,592,000,000	9,887,335,000,000	9,887,335,000,000	9,887,335,000,000	403,164,000,000	9,924,852,000,000	9,924,852,000,000	9,924,852,000,000		9,918,032,000,000	9,924,852,000,000			9,032,572,000,000	9,032,572,000,000		7,877,765,000,000	7,877,765,000,000	4,360,082,000,000
capital adjustments	-311,285,000,000	-311,285,000,000	-46,045,000,000	-571,760,000,000	-346,151,000,000	-45,797,000,000	-2,354,000,000	-658,470,000,000	-148,464,000,000	-563,656,000,000	1,234,000,000	-398,004,000,000	-423,577,000,000	-422,993,000,000	-842,000,000	-417,192,000,000	-417,192,000,000	-417,142,000,000		-417,829,000,000	-417,142,000,000			-424,527,000,000	-432,887,000,000			53,853,000,000	1,442,726,000,000
accumulated other comprehensive loss	-11,375,000,000	-11,375,000,000	-11,375,000,000	-9,307,000,000	-8,179,000,000	-6,642,000,000	-79,023,000,000	-1,043,520,000,000	-6,642,000,000	-454,320,000,000		-347,043,000,000
retained earnings	8,296,520,000,000	8,296,520,000,000	8,638,919,000,000	9,921,409,000,000	8,335,568,000,000	9,147,849,000,000	6,147,734,000,000	36,251,890,000,000	7,932,131,000,000	23,099,585,000,000	4,579,396,000,000	20,583,744,000,000	16,625,488,000,000	15,941,067,000,000	10,805,574,000,000	8,591,992,000,000	8,124,282,000,000	7,182,853,000,000		6,178,774,000,000	7,185,605,000,000			6,009,528,000,000	6,301,394,000,000		4,642,396,000,000	3,956,407,000,000	3,387,960,000,000			1,188,688,000,000	1,077,000,000,000
total equity	27,044,082,000,000	27,044,082,000,000	27,701,385,000,000	28,659,683,000,000	26,901,744,000,000	27,816,359,000,000	8,276,896,000,000	56,416,626,000,000	26,099,141,000,000	38,594,413,000,000	6,038,691,000,000	33,687,797,000,000	31,008,475,000,000	30,307,727,000,000	20,476,900,000,000
total liabilities and equity	38,422,977,000,000	38,422,977,000,000	37,978,137,000,000	39,643,823,000,000	38,147,815,000,000	39,738,082,000,000	44,137,094,000,000	690,013,268,000,000	37,289,555,000,000	513,865,397,000,000	29,350,065,000,000
cash and due from banks							864,692,000,000				341,217,000,000
derivative assets							670,186,000,000	6,235,318,000,000		2,255,856,000,000	310,000,000	1,891,093,000,000	1,661,667,000,000	1,650,876,000,000	1,309,094,000,000
credit card receivables at amortized cost and others							37,267,649,000,000
lease assets							2,133,859,000,000				365,581,000,000
financial assets at fair value through othercomprehensive income							378,530,000,000
investments in associates							101,903,000,000	3,039,628,000,000		694,235,000,000	34,060,000,000	596,936,000,000	370,008,000,000	350,682,000,000	211,272,000,000
current tax assets							4,000,000								7,033,000,000
investment property							45,642,000,000	263,810,000,000		483,039,000,000		438,506,000,000	231,303,000,000	269,807,000,000
derivative liabilities							6,100,000,000	7,291,988,000,000		2,273,782,000,000	23,293,000,000	2,052,659,000,000	1,930,346,000,000	1,691,108,000,000	1,256,438,000,000
debentures							24,409,874,000,000				14,143,288,000,000							39,904,757,000,000		6,559,759,000,000			49,181,000,000,000	6,688,309,000,000	7,078,333,000,000		5,896,694,000,000	5,088,504,000,000	3,421,826,000,000
net defined benefit obligations							173,000,000
current tax liabilities							69,112,000,000				89,623,000,000				170,699,000,000
provisions							220,948,000,000	1,009,204,000,000		539,301,000,000	182,477,000,000	441,776,000,000	698,508,000,000	652,946,000,000	298,728,000,000
common stock							626,847,000,000									2,370,998,000,000	2,370,998,000,000	2,370,998,000,000		2,370,998,000,000	2,370,998,000,000			1,980,998,000,000	1,980,998,000,000		1,907,838,000,000	1,907,838,000,000	1,907,838,000,000			1,472,007,000,000	1,462,000,000,000
equity attributable to owner of the company							8,253,755,000,000
non-controlling interests							23,141,000,000	2,800,386,000,000		2,431,019,000,000		892,791,000,000	1,027,154,000,000	1,024,995,000,000	3,277,000,000
securities at fair value through other comprehensive income								86,388,117,000,000		50,757,646,000,000
securities at amortized cost								35,238,498,000,000		40,144,111,000,000
current tax receivable								31,623,000,000		72,841,000,000		17,107,000,000	4,681,000,000	15,195,000,000
insurance contract assets								3,373,000,000
reinsurance contract assets								79,352,000,000
assets held for sale								36,110,000,000		8,066,000,000		14,918,000,000	314,527,000,000	5,624,000,000
deposits								384,994,956,000,000		273,848,328,000,000					189,639,872,000,000								126,764,000,000,000
financial liabilities at fair value through profit or loss								1,731,737,000,000		2,108,984,000,000
financial liabilities designated at fair value through profit or loss								7,187,642,000,000		8,727,229,000,000		9,085,015,000,000	9,678,199,000,000	9,604,918,000,000
current tax payable								327,513,000,000		509,556,000,000		407,853,000,000	208,720,000,000	326,568,000,000
insurance contract liabilities								44,448,225,000,000
reinsurance contract liabilities								68,073,000,000
investment contract liabilities								2,166,107,000,000
total equity attributable to equity holders of shinhan financial group co., ltd.								53,616,240,000,000		36,163,394,000,000		32,795,006,000,000	29,981,321,000,000
liabilities for defined benefit obligations										147,564,000,000		168,233,000,000	368,491,000,000	314,180,000,000
liabilities under insurance contracts										49,658,633,000,000		24,009,176,000,000	18,906,054,000,000	18,354,395,000,000
trading financial assets
loans and receivables
credit card assets at amortized cost, etc.											26,213,517,000,000
available-for-sale financial assets												41,013,575,000,000	31,340,670,000,000	30,576,568,000,000	22,363,612,000,000
financial assets at fair value through other comprehensive income											34,519,000,000
liability for defined benefit obligations											17,935,000,000				245,975,000,000
common stock of w5,000 par value											626,847,000,000
authorized - 2,000,000,000 shares issued and outstanding -125,369,403 shares in 2018 and 2017
accumulated other comprehensive income											-29,378,000,000		510,124,000,000	694,827,000,000	237,399,000,000	1,309,542,000,000	1,005,524,000,000	1,182,574,000,000		251,161,000,000	1,182,573,000,000			645,584,000,000	242,331,000,000		1,781,680,000,000	1,153,698,000,000
trading assets												30,296,963,000,000	26,155,416,000,000	26,923,741,000,000	8,316,341,000,000																	3,377,295,000,000
financial assets designated at fair value through profit or loss												3,696,362,000,000	3,196,021,000,000	3,054,982,000,000
loans												274,768,543,000,000	230,866,992,000,000	225,087,048,000,000	188,325,465,000,000			166,963,829,000,000					173,662,000,000,000									91,791,255,000,000	44,139,000,000,000
held-to-maturity financial assets												23,800,328,000,000	15,606,577,000,000	13,608,884,000,000	8,012,117,000,000
trading liabilities												2,113,547,000,000	3,171,378,000,000	2,401,285,000,000	428,936,000,000																	513,061,000,000	131,000,000,000
liabilities held for sale													164,487,000,000
total equity attributable to equity holders of shinhan financial group co.,ltd.														29,282,732,000,000
investment properties															738,614,000,000
non-current assets held for sale															5,472,000,000
total equity attributable to equity holder of shinhan bank															20,473,623,000,000
equity method accounted investments																26,506,935,000,000					25,035,976,000,000
loans, net of allowance for loan losses																1,447,725,000,000	1,517,375,000,000			2,218,850,000,000	1,567,125,000,000			2,179,050,000,000	2,397,950,000,000		1,119,375,000,000	1,100,292,000,000	1,179,147,000,000
debentures,net																6,226,261,000,000	5,588,417,000,000				5,593,318,000,000
retirement and severance benefits																1,205,000,000	817,000,000	176,766,000,000		1,609,000,000	1,441,000,000		381,000,000,000	1,767,000,000	961,000,000		1,013,000,000	1,077,000,000	783,000,000
stockholders’ equity																							17,952,000,000,000
capital stock, w5,000 par value authorized 1,000,000,000 shares
issued and outstanding — 474,199,587 shares in 2010 and 2009
redeemable and convertible preferred stock																481,475,000,000	481,475,000,000	481,475,000,000		481,475,000,000	481,475,000,000			481,475,000,000	481,475,000,000
issued and outstanding — 43,711,000 shares in 2010, 53,094,459 shares in 2009
total stockholders’ equity																22,261,667,000,000	21,489,939,000,000	21,123,026,000,000	20,728,361,000,000	18,782,611,000,000	20,728,361,000,000	17,605,883,000,000		17,725,630,000,000	17,605,883,000,000	17,977,801,000,000	16,691,154,000,000	15,431,036,000,000	11,361,526,000,000		2,154,197,000,000	3,395,398,000,000	3,262,000,000,000
total liabilities and stockholders’ equity																			27,120,706,000,000			25,913,566,000,000				25,327,528,000,000
equity method investments																	25,505,689,000,000
capital stock, w5,000 par value
authorized 1,000,000,000 shares
issued and outstanding — 53,094,459 shares in 2010 and 2009
securities																		51,291,635,000,000
goodwill																		4,074,710,000,000					4,528,000,000,000									502,389,000,000
capital stock of w5,000 par value
authorized—1,000,000,000 shares
issued and outstanding:
474,199,587 shares in 2009
396,199,587 shares in 2008
issued and outstanding :
53,094,459 shares in 2009
62,411,251 shares in 2008
minority interest in consolidated subsidiaries																		397,416,000,000													-200,000,000
i. cash and due from banks																			429,825,000,000			670,815,000,000
1. due from banks																			429,825,000,000			670,815,000,000
ii. securities																			25,035,976,000,000			22,734,582,000,000				23,743,620,000,000
1. equity method investment securities																			25,035,976,000,000			22,734,582,000,000
iii. loans																			1,567,125,000,000			2,397,950,000,000				1,407,925,000,000
allowance for loan losses																			-7,875,000,000			-12,050,000,000
1. loans in won																			1,575,000,000,000			2,410,000,000,000
iv. premises and equipment																			1,191,000,000			1,473,000,000				528,000,000
1. vehicles																						171,000,000				171,000,000
accumulated depreciation																						-152,000,000				137,000,000
2. equipment																			1,673,000,000			1,599,000,000				1,467,000,000
3. others																			3,169,000,000			3,150,000,000
v. other assets																			86,589,000,000			108,746,000,000				43,461,000,000
allowance for losses																			-375,000,000			-176,000,000
1. guarantee deposits																			8,974,000,000			9,982,000,000
2. software																			2,493,000,000			764,000,000
3. accounts receivable																			51,358,000,000			19,938,000,000
4. accrued income																			8,738,000,000			14,160,000,000
5. advance payments																			10,000,000			1,242,000,000
6. prepaid expenses																			11,567,000,000			59,012,000,000
7. sundry assets																			3,824,000,000
i. borrowings																			6,267,318,000,000			8,233,633,000,000				7,293,253,000,000
1. borrowings in won																			674,000,000,000			1,155,300,000,000
2. debentures in won																			540,000,000,000			7,090,000,000,000
discounts																			-8,263,000,000			-11,667,000,000				11,747,000,000
3. debentures in foreign currency																			202,051,000,000
ii. other liabilities																			125,027,000,000			74,050,000,000				56,474,000,000
1. taxes withheld																			2,516,000,000
2. dividends payable																			2,631,000,000			2,678,000,000
3. accounts payable																			5,056,000,000			1,936,000,000
4. accrued expenses																			98,875,000,000			56,113,000,000
5. unearned revenues																			122,000,000			8,853,000,000
6. accrued severance benefits																			3,741,000,000
deposits with insurance company for severance benefits																			-2,300,000,000			-1,531,000,000				1,189,000,000
7. derivative liabilities																			14,386,000,000
i. capital stock																			2,852,473,000,000			2,462,473,000,000				2,462,473,000,000
1.common stock																			2,370,998,000,000			1,980,998,000,000				1,980,998,000,000
2. preferred stock																			481,475,000,000			481,475,000,000
ii. capital surplus																			9,924,852,000,000			9,032,572,000,000				8,648,799,000,000
1. paid-in capital in excess of par value																			9,533,986,000,000			8,648,726,000,000
2. other capital surplus																			390,866,000,000			383,846,000,000
iii. capital adjustment																			-417,142,000,000			-432,887,000,000
1. other																			-417,142,000,000			-432,887,000,000
iv. accumulated other comprehensive income																			1,182,573,000,000			242,331,000,000				1,644,715,000,000
1. unrealized gain on equity method accounted investments																			1,194,264,000,000
2. unrealized loss on equity method accounted investments																			-7,414,000,000
3. valuation loss on derivatives																			-4,277,000,000
v. retained earnings																			7,185,605,000,000			6,301,394,000,000				5,221,814,000,000
1. legal reserve																			1,021,878,000,000			819,838,000,000
2. unappropriated retained earnings																			6,163,727,000,000			5,481,556,000,000
equity method investment securities																				22,851,101,000,000				22,454,612,000,000	22,734,582,000,000		21,572,214,000,000	20,014,778,000,000	12,775,892,000,000
liabilities and stockholders’ equity
liabilities:
stockholders’ equity:
authorized — 1,000,000,000 shares
62,411,251 shares in 2009 and 2008
commitment and contingencies
7. prepaid income taxes
8. sundry assets																						3,824,000,000
1. withholding taxes																						3,509,000,000
6. retirement severance benefits																						2,492,000,000
1. unrealized gain on equity securities under equity method																						267,762,000,000
2. unrealized loss on equity securities under equity method																						-25,431,000,000
trading securities																							8,838,000,000,000
investment securities																							38,647,000,000,000
less allowance for doubtful accounts																							-3,317,000,000,000
issued and outstanding — 396,199,587 shares in 2008 and 2007
issued and outstanding — 62,411,251 shares in 2008 74,161,377 shares in 2007
authorized — 1,000,000,000 shares issued and outstanding :
396,199,587 shares in 2008 and 2007
62,411,251 shares in 2008 74,161,377 shares in 2007
i. cash & due from banks																										131,994,000,000
1.due from banks																										131,994,000,000
1.equity securities accounted for by the equity method																										23,743,620,000,000
allowance for possible loan losses
1.loans in won																										1,415,000,000,000
2.loans in foreign currency
3.other																										1,823,000,000
1.guarantee deposits																										10,068,000,000
2.software																										1,016,000,000
3.accounts receivable
4.accrued income																										8,415,000,000
5.advance payments																										10,000,000
6.prepaid expenses																										17,060,000,000
7.prepaid income taxes																										3,651,000,000
8.sundry assets																										3,241,000,000
1.borrowings in won																										1,255,000,000,000
2.borrowings in foreign currency
3.debentures in won																										6,050,000,000,000
1.taxes withheld																										355,000,000
2.dividends payable																										2,153,000,000
3.accounts payable																										702,000,000
4.accrued expenses																										52,415,000,000
5.unearned revenues																										135,000,000
6.accrued severance benefits																										1,903,000,000
2.preferred stock																										481,475,000,000
1.paid-in capital in excess of par value																										8,648,726,000,000
2.other capital surplus																										73,000,000
1.stock options
1.unrealized gain on equity securities under equity method																										2,314,173,000,000
2.unrealized loss on equity securities under equity method
1.legal reserve																										580,200,000,000
2.retained earnings before appropriation																										4,641,614,000,000
authorized - 1,000,000,000 shares
issued and outstanding - 381,567,614 shares
preferred stock																											481,475,000,000	481,475,000,000	262,920,000,000
issued and outstanding - 83,478,169 shares in 2007 - 39,767,169 shares in 2006
issued and outstanding — 381,567,614 shares
issued and outstanding — 83,478,169 shares in 2007
— 39,767,169 shares in 2006
fixed assets																													1,686,000,000
issued and outstanding — 381,567,614 shares in 2006 — 359,207,313 shares in 2005
issued and outstanding — 39,767,169 shares in 2006 — 74,944,262 shares in 2005
i.																														468,561,000,000
1.																														468,561,000,000
ii.																														12,775,892,000,000
iii.																														1,179,147,000,000
2.																														65,072,000,000
3.
iv.																														1,686,000,000
v.																														578,345,000,000
4.																														519,328,000,000
5.																														1,023,000,000
6.																														346,000,000
7.																														1,810,000,000
i																														2,170,758,000,000
condensed consolidated balance sheets:
condensed consolidated statements of earnings:
operating revenue																															3,779,757,000,000
operating expense																															4,446,657,000,000
operating income																															-666,900,000,000
ordinary income																															-691,610,000,000
net earnings																															-718,901,000,000
goodwill incurred in relation to the acquisition of chohung bank is as follows:
acquisition cost
net asset value																															1,017,739,000,000
cash and cash equivalents
restricted cash																																3,661,997,000,000	1,365,000,000,000
interest-bearing deposits in banks																																409,038,000,000
call loans and securities purchased under resale agreements																																1,898,219,000,000	576,000,000,000
securities:
available-for-sale securities																																18,098,535,000,000	8,737,000,000,000
held-to-maturity securities																																3,604,810,000,000	4,408,000,000,000
customers’ liability on acceptances																																2,364,656,000,000	928,000,000,000
premises and equipment																																2,002,724,000,000	828,000,000,000
security deposits																																966,341,000,000	466,000,000,000
deposits:
interest-bearing
noninterest-bearing																																1,328,203,000,000
acceptances outstanding																																2,364,656,000,000	928,000,000,000
short-term borrowings																																11,204,739,000,000	6,994,000,000,000
secured borrowings																																6,316,260,000,000	4,706,000,000,000
long-term debt																																21,217,708,000,000	8,235,000,000,000
accrued expenses and other liabilities																																6,554,588,000,000	3,193,000,000,000
commitments and contingencies
minority interest																																582,645,000,000	288,000,000,000
redeemable convertible preferred stock																																711,134,000,000
additional paid-in capital																																1,073,307,000,000	1,048,000,000,000
accumulated other comprehensive income, net of taxes																																58,096,000,000	70,000,000,000
less: treasury stock, at cost, 29,874,062 shares in 2002 and 29,873,359 shares in 2003																																-396,700,000,000
total liabilities, minority interest, redeemable convertible preferred stock and stockholders’ equity
interest-bearing deposits																																	125,000,000,000
trading assets:
trading securities and other																																	926,000,000,000
derivatives assets																																	139,000,000,000
goodwill and intangible assets																																	219,000,000,000
non-interest-bearing																																	1,163,000,000,000
future policy benefit
less: treasury stock, at cost																																	-395,000,000,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-05-15	2019-05-21	2019-03-11	2017-11-14	2015-08-17	2015-05-15	2015-03-10	2011-11-29	2010-03-31	2009-05-15	2008-08-14	2006-11-21	2004-04-13

cash flows from operating activities
profit for the period	2,499,281,000,000
adjustments for:
interest income	-21,581,000,000	-11,962,000,000	-1,987,231,000,000	-19,931,000,000	-29,141,000,000	-14,796,000,000		-461,000,000
interest expense	83,318,000,000	50,188,000,000	421,943,000,000	134,259,000,000	125,754,000,000	63,178,000,000		4,492,000,000					2,492,000,000
dividend income	-2,560,051,000,000	-1,282,144,000,000	-1,393,000,000	-930,112,000,000	-1,063,347,000,000	-1,063,347,000,000	-93,478,000,000
income tax expense								6,376,000,000
net gain on financial instruments at fair value through profit or loss	-9,872,000,000
benefit from (reversal of) credit loss allowance
employee benefits
depreciation and amortization	1,043,000,000	643,000,000		372,000,000	323,000,000	165,000,000	202,950,000,000	922,000,000
net foreign currency translation gain	-28,000,000	-1,242,000,000
other non-operating expense
changes in assets and liabilities:
financial instruments at fair value through profit or loss	-2,034,449,000,000
other assets	-751,000,000	-737,000,000	-185,649,000,000	435,000,000	-1,843,000,000	8,000,000	-1,102,280,000,000	-5,238,000,000
net defined benefit assets
other liabilities	-7,557,000,000	-5,023,000,000	93,155,000,000	-6,048,000,000	-8,295,000,000	-4,769,000,000	1,690,470,000,000	-2,803,000,000
interest received	32,335,000,000	13,645,000,000	1,832,758,000,000	18,882,000,000	29,172,000,000	14,954,000,000	8,583,274,000,000
interest paid	-102,764,000,000	-49,192,000,000	-420,582,000,000	-131,450,000,000	-125,084,000,000	-62,119,000,000	-4,151,427,000,000
dividends received				930,112,000,000			129,712,000,000					5,618,000,000	186,896,000,000
income tax paid	-1,820,000,000	-1,017,000,000					-384,490,000,000
net cash inflow from operating activities
cash flows from investing activities
acquisition of financial assets at fair value through profit or loss
decrease in financial assets at fair value through profit or loss
lending of loans at amortized cost	-269,693,000,000	-98,000,000,000
collection of loans at amortized cost	790,300,000,000	467,669,000,000
acquisition of property and equipment	-53,000,000	-212,000,000	-21,404,000,000	-1,140,000,000	-126,000,000	-80,000,000		-234,000,000
disposal of property and equipment
acquisition of intangible assets	-377,000,000		-20,670,000,000		-47,000,000	-31,000,000		-326,000,000
disposal of intangible assets				132,000,000	75,000,000
increase in other assets	-8,225,000,000			-33,307,000,000				-2,053,000,000	-2,162,000,000	25,660,000,000	-1,637,000,000	-51,676,000,000	-21,526,000,000
decrease in other assets		959,000,000		3,710,000,000					60,579,000,000	606,000,000	13,675,000,000
acquisition of investments in subsidiaries	-100,054,000,000	-2,082,498,000,000
disposal of investments in subsidiaries
net cash inflow from investing activities
cash flows from financing activities
issuance of hybrid bonds	398,835,000,000			224,466,000,000	199,455,000,000
redemption of hybrid bonds				-300,000,000,000			-1,000,000,000,000
issuance of debt securities	599,030,000,000	724,000,000,000		1,500,000,000,000	300,000,000,000
redemption of debt securities issued
increase in borrowings	9,700,000,000				90,000,000,000							290,000,000,000	130,009,000,000
decrease in borrowings	-20,000,000,000											70,000,000,000
dividends paid	-48,668,000,000	-50,947,000,000	-600,018,000,000	-702,036,000,000	-526,643,000,000	-33,806,000,000	-459,901,000,000	-585,520,000,000	-245,034,000,000	-245,022,000,000		110,000,000	-157,017,000,000
acquisition of treasury stock	-276,260,000,000	-11,756,000,000
disposal of treasury stock
costs for retirement of treasury stock
repayments of leased liabilities	-171,000,000	-304,000,000
net cash outflow from financing activities
net increase in cash and cash equivalents			50,010,000,000	5,000,000	-120,809,000,000		-455,157,000,000					-462,823,000,000	-5,260,000,000
cash and cash equivalents at the beginning of the period	151,204,000,000
cash and cash equivalents at the end of the period	376,767,000,000
corporate tax expense	1,592,000,000
employee costs	690,000,000	2,282,000,000		3,467,000,000	1,924,000,000	950,000,000
non-operating expense	2,270,000,000			7,000,000	2,000,000	1,000,000
effect on the exchange rate changes of cash equivalents in foreign currency
net increase(decrease) in cash and cash equivalents	225,563,000,000
benefit from(reversal of) credit loss allowance	-73,000,000
net defined benefit asset	-235,000,000
dividend received	2,554,854,000,000	1,268,720,000,000	1,393,000,000		1,063,347,000,000	1,061,823,000,000
net cash from operating activities	436,202,000,000	1,260,029,000,000	-2,385,236,000,000	570,592,000,000	307,012,000,000	-336,358,000,000	-1,785,704,000,000	-634,622,000,000	7,796,000,000	55,066,000,000	1,272,655,000,000	-59,573,000,000	-12,347,000,000
capital expenditures	-53,000,000	-212,000,000	-21,404,000,000	-1,140,000,000	-126,000,000	-80,000,000	-128,279,000,000	-234,000,000	-199,000,000	-16,000,000	-1,355,000,000	0	0
free cash flows	436,149,000,000	1,259,817,000,000	-2,406,640,000,000	569,452,000,000	306,886,000,000	-336,438,000,000	-1,913,983,000,000	-634,856,000,000	7,597,000,000	55,050,000,000	1,271,300,000,000	-59,573,000,000	-12,347,000,000
net cash from investing activities	411,898,000,000	-1,712,082,000,000	-43,854,000,000	-380,605,000,000	-98,000,000	-111,000,000	1,299,514,000,000	197,387,000,000	855,323,000,000		258,385,000,000	-94,460,000,000	-2,118,074,000,000
repayments of debt securities issued	-1,285,000,000,000	-324,000,000,000		-910,000,000,000	-400,000,000,000	-50,000,000,000
retirement costs of treasury stock
net cash inflow from financing activities	-622,537,000,000
net defined benefit liabilities
conversion costs for preferred stock
net decrease in cash and cash equivalents		-15,561,000,000				-120,810,000,000
profit for the year
adjustment for:
fee and commission income
fee and commission expense			745,000,000
net gain on sales of financial assets at fair value through profit or loss			-6,413,000,000
net income on sales of financial assets at fair value through profit or loss
net gain on valuation of financial assets at fair value through profit or loss
net income on valuation of financial assets at fair value through profit or loss
net gain on valuation and transaction of derivatives
net income on valuation and transaction of derivatives
net gain on foreign currency transaction
net income on foreign currency transaction
benefit from credit loss allowance
employee expenses
depreciation expenses
increase in restoration liabilities
other operating income		-2,332,000,000
other operating expenses			51,249,000,000
non-operating income
non-operating expenses			795,000,000
equity method loss
restricted due from banks
due from banks at amortized cost
financial assets at fair value through profit or loss		30,159,000,000	-146,748,000,000
credit card receivables at amortized cost and other
lease assets			-313,210,000,000
net defined benefit obligations
provisions			-3,126,000,000				-68,123,000,000
income taxes paid			-159,625,000,000
net cash inflow(outflow) from operating activities
proceeds from disposal of financial assets at fair value through profit or loss
profit before income taxes		1,248,439,000,000
net fees and commission expense
net insurance contract income
net insurance finance expense
net income on derivatives
net gain on foreign currency translation
net gain on financial instruments designated at fair value through profit or loss
net income on disposal of securities at fair value through other comprehensive income
benefit from allowance for credit loss
net gain on disposal of securities at amortized cost
depreciation and other amortization
other operating expense
equity method income
securities at fair value through profit or loss
loans at fair value through profit or loss
financial instruments designated at fair value through profit or loss
derivative instruments
loans at amortized cost
insurance contract assets
reinsurance contract assets
deposits							14,691,990,000,000
insurance contract liabilities
reinsurance contract liabilities
investment contract liabilities
decrease in financial instruments at fair value through profit or loss
acquisition of financial instruments at fair value through profit or loss
decrease in financial securities at fair value through other comprehensive income
acquisition of securities at fair value through other comprehensive income
decrease in securities at amortized cost
acquisition of securities at amortized cost
proceeds from disposal of property and equipment			345,000,000
proceeds from disposal of intangible assets			93,000,000
proceeds from disposal of investments in associates
acquisition of investments in associates			-3,940,000,000
proceeds from disposal of investment property
acquisition of investment property
disposal of assets held-for-sale
change in other assets
proceeds from settlement of hedging derivative financial instruments
payment of settlement of hedging derivative financial instruments
net cash flows from business combinations
net cash outflow from investing activities
net change in borrowings
proceeds from debt securities issued						300,000,000,000
increase in financial liabilities designated at fair value through profit or loss
changes in other liabilities
proceeds and costs from retirement of treasury stock
increase(decrease) in non-controlling interests
redemption of lease liabilities
conversion costs for preferred stock to common stock
effect of exchange rate changes on cash and cash equivalents held
increase in cash and cash equivalents								1,022,729,000,000
net profit or loss on financial instruments at fair value through profit or loss
reversal of credit loss allowance
due from banks							-3,938,012,000,000
acquisition of investment in subsidiary
repayments of hybrid bonds
repayments of debt securities							-5,989,635,000,000
convertible preferred stock conversion cost
payment for disposal of treasury stock
repayments of lease liabilities
cash and cash equivalents at the beginning of year			291,126,000,000
cash and cash equivalents at the end of year			341,136,000,000
net gain on financial assets at fair value through profit or loss		-274,000,000
provision for (reversal of) credit loss allowance		-190,000,000
adjustments for: - sum		-1,245,031,000,000	-821,424,000,000	-812,227,000,000	-967,375,000,000	-1,014,608,000,000
liability for defined benefit obligations		56,000,000	-15,171,000,000		-784,000,000	-784,000,000	-97,292,000,000	10,000,000
changes in assets and liabilities: - sum		24,455,000,000	-3,516,396,000,000	-237,220,000,000	-668,143,000,000	-1,354,731,000,000
debenture issuance costs paid		-501,000,000		-2,412,000,000
proceeds from borrowings		100,000,000,000	2,608,414,000,000			90,000,000,000	21,940,317,000,000
net cash from financing activities		436,492,000,000	2,479,100,000,000	-189,982,000,000	-427,723,000,000	215,659,000,000	28,926,000,000	1,459,964,000,000	-1,104,109,000,000	460,238,000,000		-308,790,000,000	2,125,161,000,000
cash and cash equivalents at beginning of period		48,628,000,000		39,000,000	120,810,000,000	120,810,000,000		609,865,000,000				749,368,000,000
cash and cash equivalents at end of period		33,067,000,000
profit before income tax			698,640,000,000
fee and commission income before k-ifrs no.1115
consideration paid to customers			176,178,000,000
net gain on valuation of trading financial assets
net loss on valuation of financial assets at fair value through profit or loss			223,000,000
net loss on valuation and transaction of derivatives			-4,670,000,000
net loss on foreign currency transaction			4,670,000,000
net gain on sales of available-for-sale financial assets							-427,992,000,000
bad debt expenses
reversal of allowance for unused loan commitments
provision for credit loss allowance			469,362,000,000
net impairment loss on financial assets							463,724,000,000
general administrative expenses			48,525,000,000
impairment loss on investments in associates			4,593,000,000
trading financial assets
loans and receivables
credit card assets at amortized cost, etc.			-2,945,647,000,000
note			2,018,000,000
decrease in restricted due from banks			340,000,000
proceeds from disposal of financial assets at fair value through profit and loss			6,413,000,000
acquisition of financial assets at fair value through profit and loss			-710,000,000
proceeds from disposal of available-for-sale financial assets
acquisition of available-for-sale financial assets
proceeds from disposal of financial assets at fair value through other comprehensive income			200,000,000
acquisition of financial assets at fair value through other comprehensive income			-300,000,000
decrease in guarantee deposits			48,941,000,000
increase in guarantee deposits			-53,162,000,000
repayment of borrowings			-1,817,949,000,000						-1,155,300,000,000	-100,000,000,000
proceeds from debentures			4,955,308,000,000
repayment of debentures			-2,666,655,000,000					-1,425,126,000,000	-2,190,000,000,000	-520,000,000,000
cash outflows from cash flow hedges
net trading income				-474,000,000	-2,830,000,000	-751,000,000		-9,885,000,000
provision for (reversal of) credit losses				185,000,000	-60,000,000	-8,000,000
trading assets				-230,947,000,000	-657,221,000,000	-1,349,186,000,000	-789,460,000,000	-1,688,011,000,000
liabilities for defined benefit obligations				-660,000,000
tax refund				100,000,000
lending loans				-550,000,000,000
collection of loans				200,000,000,000				855,000,000,000	890,000,000,000	230,000,000,000	165,000,000,000
redemption of preferred stocks
issuance of loans
repayments of borrowings					-90,000,000,000	-90,000,000,000	-19,232,423,000,000
debentures issuance cost paid					-535,000,000	-535,000,000		-8,520,000,000	-2,401,000,000			787,000,000
lending of loans
net interest income							-4,367,133,000,000
gain on financial instruments designated at fair value through profit or loss							-34,000,000
non-cash trading loss							151,398,000,000
non-cash foreign currencies transaction gain							-81,300,000,000
net impairment loss on other financial assets							220,286,000,000
non-cash employee benefits							109,749,000,000
non-cash other operating expenses (income)							-31,542,000,000
share of profit of associates							-11,808,000,000
non-cash non-operating expenses							10,429,000,000
derivative assets							1,307,983,000,000
loans							-14,294,992,000,000
financial liabilities designated at fair value through profit or loss							6,171,000,000
trading liabilities							13,303,000,000
derivative liabilities							-1,363,576,000,000
proceeds from sale of available-for-sale financial assets
proceeds from redemption of held-to-maturity financial assets							2,478,775,000,000
proceeds from sale of property and equipment							17,843,000,000
proceeds from sale of intangible assets							3,253,000,000
proceeds from sale of investments in associates
proceeds from sale of non-current assets held for sale							3,243,000,000
proceeds from sale of investment properties
acquisitions of available-for-sale financial assets							-19,883,814,000,000
acquisitions of held-to-maturity financial assets							-3,046,469,000,000
acquisitions of property and equipment							-128,279,000,000
acquisitions of intangible assets							-18,078,000,000
acquisitions of investments in associates
payment of guarantee deposits							-372,978,000,000
receipts of refund of guarantee deposits paid							433,103,000,000
proceeds from issuance of debt securities							4,789,496,000,000
proceeds from hybrid bonds
receipts of guarantee deposits for lease							10,045,000,000
refund of guarantee deposits for lease							-28,973,000,000
effect of exchange rate fluctuations on cash and cash equivalents held							2,107,000,000
cash and cash equivalents at january 1							4,991,361,000,000
cash and cash equivalents at december 31
net income for the period
net foreign currency transaction loss								21,594,000,000
provision for credit losses								81,000,000
noncash employee benefit								-7,091,000,000
noncash other operating income								-21,594,000,000
issuance of loan								-655,000,000,000
investments in subsidiaries
cash flow from financing activities
issuance of preferred stock								1,110,000,000,000
issuance of debentures								2,340,000,000,000
stock issuance cost paid								-3,836,000,000	-35,141,000,000	-35,140,000,000		29,000,000
inflow from hedging activities								32,966,000,000
net income
adjustments for :
depreciation									460,000,000	115,000,000	236,000,000	159,000,000	568,000,000
amortization									433,000,000	102,000,000	148,000,000	74,000,000	109,000,000
provision for (reversal of) allowance for loan losses and other assets									-3,975,000,000
provision for retirement and severance benefits									1,425,000,000	542,000,000	252,000,000
gain from equity method accounted investments ,net									-1,510,820,000,000
gain from disposition of equity method accounted investments									-10,509,000,000
gain from disposition of property and equipment									-38,000,000
share-based compensation costs									9,433,000,000	-3,829,000,000
other									5,334,000,000		2,431,000,000	643,000,000
changes in assets and liabilities :
dividends received from equity method accounted investments									161,451,000,000
increase in other liabilities									-11,324,000,000	-2,561,000,000	10,452,000,000	1,893,000,000	23,510,000,000
retirement and severance benefits paid									-1,051,000,000	-371,000,000	-238,000,000
succession in accrued severance benefits									875,000,000
decrease in deposit for severance benefit insurance									-769,000,000	182,000,000	259,000,000	10,000,000
cash flows from investing activities:
cash from investing activities:
decrease in equity method accounted investments									52,665,000,000
disposition of property and equipment									59,000,000
cash from investing activities: - sum									943,732,000,000	253,491,000,000	1,066,377,000,000	55,640,000,000	188,456,000,000
purchase of equity method accounted investments									-31,048,000,000
loan originations									-55,000,000,000	-50,000,000,000
purchase of property and equipment									-199,000,000	-16,000,000	-1,355,000,000
cash from financing activities:
proceeds from issuance of debentures									500,000,000,000
proceeds from issuance of debentures in foreign currency									212,160,000,000
proceeds from issuance of common stock									1,310,400,000,000	1,310,400,000,000
repayment of preferred stocks									-172,793,000,000
net increase in cash and due from banks									-240,990,000,000	690,492,000,000
cash and due from banks at beginning of year									670,815,000,000	670,815,000,000
cash and due from banks at end of year
cash flows from operating activities:
adjustments to reconcile net income to net cash from operating activities:
provision for (reversal of) allowance for loan losses										-996,000,000	3,200,000,000	495,000,000
gain from equity method investment securities										-169,923,000,000
interest expenses										1,426,000,000
dividends received from equity method investment securities										86,241,000,000	1,331,848,000,000
decrease in equity method investment securities										22,885,000,000	900,283,000,000
purchase of equity method investment securities										-27,745,000,000
cash flows from financing activities:
benefit from (reversal of) allowance for loan losses and other assets
benefit from retirement and severance benefits
decrease (increase) in other assets
provision for future policy benefit
accretion of discounts on long-term debt
amortization on deferred loan origination fees and costs
amortization on investment debt securities
net gain on equity investments
net trading (profits) losses
net gain on sale of available-for-sale securities
impairment loss on securities
net loss on sale of premises and equipment
provision (reversal) for other losses
net gain on sales of other assets
net unrealized foreign exchange loss
minority interest in net income of subsidiaries
expense (reversal) on stock option
impairment loss on goodwill
impairment loss on other investments
cumulative effect of change in accounting principle
net loss on sale of loans
net changes in:
restricted cash
accrued expenses and other liabilities
net change in interest-bearing deposit assets
net change in call loans and securities purchased under resale agreements
proceeds from sales of available-for-sale securities
proceeds from maturities of available-for-sale securities
purchases of available-for-sale securities
proceeds from maturities of held-to-maturity securities
purchases of held-to-maturity securities
loan originations and principal collections
proceeds from sales of premises and equipment
purchases of premises and equipment
net change in security deposits
acquisition of subsidiaries, net of cash acquired
proceeds from sales of equity method investments
acquisition of equity method investments
net change in other investments
net increase in interest-bearing deposit liabilities
net increase in non-interest-bearing deposits
net increase in short-term borrowings
proceeds from issuance of secured borrowings
repayment of secured borrowings
proceeds from issuance of long-term debt
repayment of long-term debt
issuance of redeemable convertible preferred stock
issuance of redeemable preferred stock
purchases of treasury stock
sale of treasury stock
cash dividends paid
increase of minority interest
effect of exchange rate changes on cash
cash and cash equivalents
beginning of year
end of year
supplemental disclosure of cash flow information
cash paid for interest
cash paid for income taxes
supplemental disclosure of non-cash investing and financing activities
acquisitions:
fair value of net assets acquired
goodwill
consideration other than cash
conversion of redeemable convertible preferred stock into common stock:
common stock
additional paid-in-capital
securities and other investments received in connection with loan restructuring
increase in cumulative translation adjustments, net of taxes
increase in unrealized gains on available-for-sale securities, net of taxes
increase in premises and equipment transferred from other receivables
benefit from allowance for loan losses
equity from earnings of equity method investment securities											-1,497,702,000,000
stock compensation costs											-3,538,000,000	1,127,000,000	1,381,000,000
decrease in property and equipment
loans granted											-805,000,000,000
proceeds from issuance of preferred stock
redemption of redeemable preferred stocks
cash and due from banks at beginning of period
cash and due from banks at end of period
reversal of allowance for loan losses
increase in deposit for severance benefit insurance													-198,000,000
decrease in advance payments
decrease in other liabilities
provision for retirement and severance benefit												501,000,000	140,000,000
gain from equity method												-522,943,000,000
retirement and severance benefit paid												-22,000,000	-180,000,000
decrease in loans												50,000,000,000
decrease in fixed assets												22,000,000
increase in equity method investment securities
increase in loans												150,000,000,000	-1,176,009,000,000
increase in fixed assets												100,000,000
increase in debentures												200,000,000,000	1,250,000,000,000
proceeds from disposition of treasury stock
cash from financing activities: - sum												490,000,000,000	2,307,657,000,000
decrease in debentures												30,000,000,000
decrease in redeemable preferred stocks												697,864,000,000
depreciation expense
amortization expense
provision for loan losses
foreign currency related gain
purchase of fixed assets
proceeds from reissuance of treasury stock
debenture issue costs
reacquisition of treasury stock
net earnings
adjustments to reconcile net earnings to net cash from operating activities:
bad debts													5,879,000,000
loss from sale of investment securities accounted for by the equity method													166,000,000
loss from sale of available-for-sale securities													1,725,000,000
valuation gain using the equity method													-388,641,000,000
proceeds from sale of investment securities accounted for by the equity method													1,529,000,000
proceeds from sale of available-for-sale securities													2,000,000
proceeds from disposition of fixed assets													29,000,000
purchases of investment securities accounted for by the equity method													-1,128,423,000,000
purchases of fixed assets													-993,000,000
issuance of additional shares													927,648,000,000
redemption of borrowings
issuance cost on debentures paid													-3,871,000,000
issuance cost on additional shares paid													-21,608,000,000
cash and cash equivalents at beginning of year													10,613,000,000
cash and cash equivalents at end of year
less: net income of subsidiaries
parent company net income
depreciation on premises and equipment
grant of stock options
cash dividends from subsidiaries
loss on disposition of investment (at equity) in subsidiaries
loss on disposition of available-for-sales securities
interest expense on debentures
other interest expense
net change in deposits with banking subsidiaries
advances to, and receivables from, subsidiaries
purchases of investment (at equity) in subsidiaries
disposition of investment (at equity) in subsidiaries
available-for-sales securities:
proceeds from issuance of long term debt
repayments of long term debt
proceeds from issuance of common stock and stock related awards
net increase in cash on hand
cash on hand at the beginning of the period
cash on hand at the end of the period
cash on hand paid for interest

Shinhan Financial Group Co., Ltd(NYSE:SHG)

Shinhan Financial Group Co., Ltd
(NYSE:SHG)