EX-99 2 exhibit1.htm EX-99 Exhibit  EX-99

Shinhan Financial Group 2007 3Q Operating Results

On November 2, 2007, Shinhan Financial Group (“SFG”) announced its operating results for the nine month period ended on September 30, 2007. Below are the key figures we announced through a fair disclosure. The IR presentation materials are available on our website (www.shinhangroup.com).

The financial information in this report has been prepared in accordance with accounting principles generally accepted in Korea. As figures provided have not yet been fully reviewed by external auditors, contents are subject to change in the due course of the review process.

LG Card joined Shinhan Financial Group on March 23, 2007 and became a wholly-owned subsidiary through a small-scale share swap on September 21, 2007. Therefore, please note that seven months (March ~ September) of LG Card’s income has been reflected in the Group’s consolidated income statement. Further, on October 1, 2007, LG Card merged with Shinhan Card, and the name of the surviving entity is called “Shinhan Card.”

1. Operating Results of Shinhan Financial Group (consolidated)

                         
    3Q 2007   3Q 2006    
(KRW Million)   (9months)   (9months)   Chg%
Operating Revenue
   19,241,970   15,023,875   28.1 %
 
                        
Operating Income
   3,460,340   2,063,777   67.7 %
 
                        
Continuing Operations Income Before Income Tax
   3,519,835   2,127,691   65.4 %
 
                        
Net Income
   2,170,649   1,563,802   38.8 %
 
                        
                                         
    3Q 2007   2Q 2007           3Q 2006    
(KRW Million)   (3months)   (3months)   Chg%   (3months)   Chg%
Operating Revenue
   6,524,916   6,113,918   6.7 %   4,569,991   42.8 %
 
                                        
Operating Income
   846,920   1,037,805   -18.4 %   709,878   19.3 %
 
                                        
Continuing Operations Income Before Income Tax
   869,217   1,068,994   -18.7 %   728,392   19.3 %
 
                                        
Net Income
   524,207   686,597   -23.7 %   510,166   2.8 %
 
                                        

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2. Operating Results of Shinhan Bank (non-consolidated)

                         
    3Q 2007   3Q 2006    
(KRW Million)   (9months)   (9months)   Chg%
Operating Revenue
   12,685,996   9,555,228   32.8 %
 
                        
Operating Income
   2,655,670   1,553,306   71.0 %
 
                        
Continuing Operations Income Before Income Tax
   2,576,332   1,588,714   62.2 %
 
                        
Net Income
   1,853,914   1,182,017   56.8 %
 
                        

                                         
    3Q 2007   2Q 2007           3Q 2006    
(KRW Million)   (3months)   (3months)   Chg%   (3months)   Chg%
Operating Revenue
   4,148,992   4,057,962   2.2 %   3,388,575   22.4 %
 
                                        
Operating Income
   587,651   927,443   -36.6 %   617,965   -4.9 %
 
                                        
Continuing Operations Income Before Income Tax
   472,296   969,267   -51.3 %   639,386   -26.1 %
 
                                        
Net Income
   316,517   710,011   -55.4 %   461,732   -31.5 %
 
                                        

3. Operating Results of Shinhan Card (pre-merger LG Card, non-consolidated)

                         
    3Q 2007   3Q 2006    
(KRW Million)   (9months)   (9months)   Chg%
Operating Revenue
   2,053,208   2,097,757   -2.1 %
 
                        
Operating Income
   927,660   947,933   -2.1 %
 
                        
Continuing Operations Income Before Income Tax
   933,926   946,688   -1.3 %
 
                        
Net Income
   1,394,939   949,229   47.0 %
 
                        

                                         
    3Q 2007   2Q 2007           3Q 2006    
(KRW Million)   (3months)   (3months)   Chg%   (3months)   Chg%
Operating Revenue
   659,434   679,113   -2.9 %   703,357   -6.2 %
 
                                        
Operating Income
   230,472   352,201   -34.6 %   306,128   -24.7 %
 
                                        
Continuing Operations Income Before Income Tax
   231,749   356,761   -35.0 %   306,123   -24.3 %
 
                                        
Net Income
   194,223   335,318   -42.1 %   308,665   -37.1 %
 
                                        

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