0000950170-23-015012.txt : 20230427 0000950170-23-015012.hdr.sgml : 20230427 20230427081547 ACCESSION NUMBER: 0000950170-23-015012 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230427 FILED AS OF DATE: 20230427 DATE AS OF CHANGE: 20230427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHINHAN FINANCIAL GROUP CO LTD CENTRAL INDEX KEY: 0001263043 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31798 FILM NUMBER: 23852061 BUSINESS ADDRESS: STREET 1: 120 2-GA TAEPYUNG RO JUNG GU CITY: SEOUL100-102 STATE: M5 ZIP: 00000 BUSINESS PHONE: 82263603000 MAIL ADDRESS: STREET 1: 120 2-GA TAEPYUNG RO JUNG GU STREET 2: SEOUL 100-102 CITY: SEOUL STATE: M5 ZIP: 00000 6-K 1 6-k-20230427-1.htm 6-K 6-K

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 April 2023

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

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(1): _______

Indicate by check mark if the registrant is submitting the Form 6-K in

paper as permitted by Regulation S-T Rule 101(b)(7): _______

Indicate by check mark whether the registrant by furnishing the

information contained in this form is also thereby furnishing the

information to the Commission pursuant to Rule 12g3-2(b) under the

Securities Exchange Act of 1934.

Yes No___√___

If "Yes" is marked, indicate below the file number assigned to the

registrant in connection with Rule 12g3-2(b): 82- n/a .

 

 

Please refer to Exhibit 99.1.

 

EXHIBIT INDEX

Exhibit No.

Description

99.1

1Q2023 Operating Results of Shinhan Financial Group

 

 

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: April 27, 2023

 

By:

/s/ Lee Tae Kyung

 

 

 

 

 

 

Name: Lee Tae Kyung

 

 

Title: Chief Financial Officer

 

 

 EX-99 2 ck0001263043-ex99_1.htm EX-99.1. 1Q2023 OPERATING RESULTS OF SHINHAN FINANCIAL GROUP EX-99

Exhibit 99.1
1Q2023 Operating Results of Shinhan Financial Group

 

On April 27, 2023, Shinhan Financial Group released its operating results for 1Q 2023. The following tables reflect the key figures we announced through a fair disclosure. The full IR presentation materials are available at our website (www.shinhangroup.com).

 

The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards and is to be reviewed by our independent auditor. As figures provided have not yet been fully reviewed by our independent auditor, contents are subject to change in the due course of the reviewing process.

 

1. Operating Results of Shinhan Financial Group (consolidated)

 

 

 

 

  (KRW million)

Item

1Q 2023

4Q 2022

QoQ Change (%)

1Q 2022

YoY Change (%)

Revenue*

Specified Quarter

18,981,905

3,253,900

483.36

13,378,684

41.88

Cumulative

18,981,905

58,657,842

-

13,378,684

41.88

Operating Income

Specified Quarter

1,756,186

580,139

202.72

1,884,506

-6.81

Cumulative

1,756,186

5,905,564

-

1,884,506

-6.81

Income before Income Taxes

Specified Quarter

1,856,763

470,110

294.96

1,909,681

-2.77

Cumulative

1,856,763

6,366,626

-

1,909,681

-2.77

Net Income

Specified Quarter

1,414,343

385,790

266.61

1,405,038

0.66

Cumulative

1,414,343

4,755,514

-

1,405,038

0.66

Net Income Attributable to Controlling Interest

Specified Quarter

1,387,958

358,870

286.76

1,384,818

0.23

Cumulative

1,387,958

4,665,643

-

1,384,818

0.23

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

* The financial figures for periods starting January 1, 2023 have been stated in accordance with K-IFRS No.1117, ‘Insurance Contracts’. The figures for periods starting January 1, 2022 have been restated for the purpose of improved comparability.

 

 

2. Operating Results of Shinhan Bank (consolidated)

 

 

 

 

(KRW million)

Item

1Q 2023

4Q 2022

QoQ Change (%)

1Q 2022

YoY Change (%)

Revenue*

Specified Quarter

11,831,839

216,302

5370.06

7,474,166

58.30

Cumulative

11,831,839

35,514,461

-

7,474,166

58.30

Operating Income

Specified Quarter

1,227,701

652,829

88.06

1,163,842

5.49

Cumulative

1,227,701

4,162,750

-

1,163,842

5.49

Income before Income Taxes

Specified Quarter

1,239,831

595,832

108.08

1,177,467

5.30

Cumulative

1,239,831

4,107,626

-

1,177,467

5.30

Net Income

Specified Quarter

931,633

452,690

105.80

863,295

7.92

Cumulative

931,633

3,045,732

-

863,295

7.92

Net Income Attributable to Controlling Interest

Specified Quarter

931,548

452,530

105.85

863,092

7.93

Cumulative

931,548

3,045,013

-

863,092

7.93

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

 

 

3. Operating Results of Shinhan Card (consolidated)

 

 

 

(KRW million)

Item

1Q 2023

4Q 2022

QoQ Change (%)

1Q 2022

YoY Change (%)

Revenue*

Specified Quarter

1,360,919

755,435

80.15

1,147,246

18.62

Cumulative

1,360,919

4,761,181

-

1,147,246

18.62

Operating Income

Specified Quarter

203,233

76,696

164.99

233,831

-13.09

Cumulative

203,233

765,041

-

233,831

-13.09

Income before Income Taxes

Specified Quarter

203,953

75,438

170.36

237,738

-14.21

Cumulative

203,953

836,731

-

237,738

-14.21

Net Income

Specified Quarter

167,216

55,233

202.75

176,532

-5.28

Cumulative

167,216

644,555

-

176,532

-5.28

Net Income Attributable to Controlling Interest

Specified Quarter

166,710

53,707

210.41

175,946

-5.25

Cumulative

166,710

641,368

-

175,946

-5.25

* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues

 

 

4. Operating Results of Shinhan Life (consolidated)

 

 

 

(KRW million)

Item

1Q 2023

4Q 2022

QoQ Change (%)

1Q 2022

YoY Change (%)

Revenue*

Specified Quarter

1,864,745

903,026

106.50

1,600,516

16.51

Cumulative

1,864,745

6,313,660

-

1,600,516

16.51

Operating Income

Specified Quarter

186,841

47,813

290.77

188,157

-0.70

Cumulative

186,841

550,579

-

188,157

-0.70

Income before Income Taxes

Specified Quarter

174,357

36,405

378.94

183,426

-4.94

Cumulative

174,357

532,906

-

183,426

-4.94

Net Income

Specified Quarter

133,812

79,000

69.38

138,620

-3.47

Cumulative

133,812

449,392

-

138,620

-3.47

Net Income Attributable to Controlling Interest

Specified Quarter

133,812

79,000

69.38

138,620

-3.47

Cumulative

133,812

449,392

-

138,620

-3.47

* Represents operation revenues on financial statement

* The financial figures for periods starting January 1, 2023 have been stated in accordance with K-IFRS No.1117, ‘Insurance Contracts’. The figures for periods starting January 1, 2022 have been restated for the purpose of improved comparability.