Investors looking for stocks in the Banks - Foreign sector might want to consider either Shinhan Financial (SHG) or United Overseas Bank Ltd. (UOVEY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven ...

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES 99.2 Shinhan Financial Group Review Report for the 1Q of 2024 (Consolidated) (Unaudited) Contents | | Page | | --- | --- | | Independent Auditors' Review Report | 1 | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 6 | | Consolidated Interim Statements of Cash Flows | 8 | | Notes to the Consolidated Interim Financial Stateme ...

Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q1 2024 Earnings Conference Call April 26, 2024 1:00 AM ET Company Participants Sang-Hyuk Jung - Chief Executive Officer Conference Call Participants Park Hye-jin - Daishin Securities Jung Jun-Sup - NH Securities Seol Yong Jin - SK Securities Doosan Baek - Korea Investment Securities Sinyoung Park - Goldman Sachs Shim Jongmin - CLS Securities Sang-Hyuk Jung Good afternoon. Let me first thank everyone for participating at our Q1 2024 Earnings Conference Call despi ...

Page ITEM 10.G. Statements by Experts 280 ITEM 10.H. Documents on Display 280 ITEM 10.I. Subsidiary Information 280 ITEM 10.J. Annual Report to Security Holders 280 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 280 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES 280 ITEM 12.A. Debt Securities 280 ITEM 12.B. Warrants and Rights 280 ITEM 12.C. Other Securities 280 ITEM 12.D. American Depositary Shares 281 PART II ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES 28 ...

FORM 6-K 20, Sejong-daero 9-gil, Jung-gu, Seoul 04513, Korea (Address of principal executive offices) 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): _______ Please refer to Exhibit 99.1. 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. REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15 ...

FY2023 Shinhan Financial Group Convocation Notice of the 23″d Annual General Meeting of Shareholders Shinhan Financial Group A Message to Shareholders Dear Shareholders, First of all. I would like to express my sincere gratitude for your continued interest and support of Shinhan Financial Group, and I wish you a happy and prosperous year. Last year, Shinhan Financial Group achieved solid financial performance and faithfully fulfilled its shareholder return policy. In 2023, while we rebounded from the COVID- ...

EX-99.1 Shinhan Financial Group Review Report for the 3Q of 2023 (Consolidated) SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Consolidated Interim Financial Statements September 30, 2023 and 2022 (Unaudited) Contents | Report on Review of Interim Financial Statements | 1 | | --- | --- | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 7 | | Consolidated Interim Statement ...

For SHB, retail lending decreased 2.5% YTD due to weaker demand on unsecured loans reflecting higher interest rates and tight DSR regulations, as well as asset securitization of mortgages Backed by strong loan demand from large corporates and quality SMEs, corporate lending grew by 5.5% YTD, driving SHB's loan growth 8 Non-interest Income Details of Non-interest Income Due to increased market volatility such as rising interest rates and KRW depreciation, securities-related income decreased by 36.6% QoQ. On ...

Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q3 2023 Earnings Call Transcript October 27, 2023 1:00 AM ET Company Participants Kim Myoung Hee - Chief Development Officer Bang Dong-Kwon - Chief Risk Officer Park Kyoung Won - Shinhan Life, CFO Kim Kihoon - Shinhan Bank, CFO Conference Call Participants Seol Yong Jin - SK Securities Park Hye-jin - Daishin Securities Jeong Tae Joon - Yuanta Securities Cho Jihyun - JPMorgan Unidentified Company Representative [Starts Abruptly] [Foreign Language] [interrupted] I ...

Financial Data and Key Metrics Changes - In Q2 2023, despite an increase in operating income, net income declined to KRW1.2383 trillion due to conservative provisioning [6] - Non-interest income recorded KRW1.33 trillion, showing a recovery after an increase in Q1, attributed to balance growth and fee income deposits despite a decline in securities-related income [7] - The Group's cost income ratio for the first half of the year was 38.3%, maintaining stability despite inflationary pressures [7] - The credit cost ratio increased by 22 bps year-over-year to 53 bps due to increased provisions [8] - Interest income stood at KRW2.69 trillion, a 4.7% increase quarter-over-quarter, driven by higher interest-bearing assets and improved bank margins [10] Business Line Data and Key Metrics Changes - Bank loans grew by 0.6% in Q2 after a 0.1% increase in Q1, with corporate lending up 2.8% year-to-date, while retail lending decreased by 1.8% year-to-date [11] - Non-interest income improved by 21.5% year-over-year, with a 3.4% increase quarter-over-quarter, despite a drop in securities-related income [13] - Fee income increased by 7.6% quarter-over-quarter, with credit card fees rising by 26.9% and brokerage fees by 17.9% [14] Market Data and Key Metrics Changes - The delinquency rate for Shinhan Bank remained flat quarter-over-quarter at 0.27%, while Shinhan Card's delinquency rate increased to 1.43% [18][19] - The Group's provisioning rate against total loans and total assets is 0.96% and 0.55% respectively, indicating a steady upward trend in loss absorption capacity [23] Company Strategy and Development Direction - The Group aims to implement a sustainable capital policy by securing sufficient capital capacity and has raised its CET 1 ratio target to 13% [26] - The Group is focusing on leveraging digital capabilities to enhance financial competitiveness and social value, with significant growth in digital platform users [27][34] - The strategy includes expanding into advanced and emerging markets, particularly in Vietnam, while maintaining a conservative approach to risk management [52] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic environment, indicating that credit costs may stabilize in the second half of the year [61] - The Group is preparing for potential economic uncertainties by maintaining conservative provisioning policies [61] - The outlook for NIM in the second half is expected to remain stable or slightly higher than Q2, with intense competition anticipated in the loan market [63] Other Important Information - The Group plans to execute an additional round of share buyback and cancellation amounting to KRW100 billion in Q3 [8] - The Group's digital initiatives have led to significant cost savings and increased operating profits from new digital businesses [38] Q&A Session Summary Question: OCI trajectory and securities book losses - Management acknowledged the volatility in the securities book due to interest rates and indicated that valuation losses should reduce in the second half [42][45] Question: CET 1 ratio and buyback plans - The Group confirmed that the CET 1 ratio target was raised to 13% and that buyback plans would be reviewed quarterly [47] Question: Credit card delinquency trends - Management noted that the delinquency rate has stabilized and is expected to return to manageable levels by year-end [44] Question: Global expansion strategy - The Group is exploring opportunities in both advanced and emerging markets, with a focus on supporting Korean companies abroad [52] Question: Household debt to GDP levels - Management indicated that high-quality portfolios would be maintained while cautiously managing household loan growth [56]