Shinhan Financial Group

Shinhan Financial Group's net profit rose 8.44% to KRW 3,198 bil in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group made a net profit of KRW 3,198 bil in 2018, up 8.44% compared to the previous year. This implies a retur...

Shinhan Financial Group's npls (as % of loans) fell 17.4% to 0.436% in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group's non-performing loans reached 0.436% of total loans at the end of 2018, down from 0.528% compared to the...

Shinhan Financial Group's capital adequacy ratio rose 0.609% to 14.9% in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group's capital adequacy ratio reached 14.9% at the end of 2018, up from 14.8% compared to the previous year. ...

Profit Statement 2016 2017 2018
Net Interest Income KRW bil 7,205 7,843 8,580
Fee Income (As % Of Revenues) % 10.3 11.0 12.2
Other Income KRW bil 6,383 6,039 5,348
Total Revenues KRW bil 15,154 15,593 15,868
Staff Cost KRW bil 2,826 3,148 3,009
Operating Profit KRW bil 4,307 4,842 5,249
Provisions KRW bil 1,196 1,014 748
Net Profit KRW bil 2,825 2,949 3,198
Balance Sheet 2016 2017 2018
Interbank Loans KRW bil ... ... ...
Customer Loans KRW bil 259,011 275,566 299,609
Debt Securities KRW bil 87,933 99,569 110,802
Total Assets KRW bil 395,680 426,307 459,600
Shareholders' Equity KRW bil 31,745 33,704 36,651
Interbank Borrowing KRW bil 34,312 35,338 37,678
Customer Deposits KRW bil 235,138 249,419 265,000
Issued Debt Securities KRW bil 44,327 51,341 63,228
Ratios 2016 2017 2018
ROE % 8.89 9.01 9.09
ROA % 0.737 0.718 0.722
Costs (As % Of Assets) % 2.83 2.62 2.40
Costs (As % Of Income) % 71.6 68.9 66.9
Capital Adequacy Ratio % 15.0 14.8 14.9
Net Interest Margin % 1.88 1.91 1.94
Loans (As % Of Deposits) % 110 110 113
NPLs (As % Of Loans) % 0.611 0.528 0.436
Provisions (As % Of NPLs) % 148 157 207
Growth Rates 2016 2017 2018
Total Revenue Growth % 0.987 2.89 1.76
Operating Cost Growth % 0.785 -0.892 -1.23
Operating Profit Growth % 1.50 12.4 8.40
Net Profit Growth % 15.5 4.40 8.44
Customer Loan Growth % 5.10 6.39 8.73
Total Asset Growth % 6.78 7.74 7.81
Customer Deposit Growth % 8.02 6.07 6.25
Shareholders' Equity Growth % -0.203 6.17 8.75

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income KRW bil ... ... ... 6,980 6,603 6,790 6,693 7,205    
Total Revenues KRW bil ... ... ... 14,063 13,792 14,267 15,006 15,154    
Operating Profit KRW bil ... ... ... 4,624 3,997 3,718 4,243 4,307    
Net Profit KRW bil ... ... ... 2,492 2,060 2,200 2,446 2,825    
balance sheet                    
Interbank Loans KRW bil   ... ... ... ... ... ... ... ... ...
Customer Loans KRW bil       200,289 205,723 221,618 246,441 259,011    
Debt Securities KRW bil       67,919 66,720 72,159 76,250 87,933    
Total Assets KRW bil       304,939 311,297 338,022 370,540 395,680    
Shareholders' Equity KRW bil       28,913 29,860 30,515 31,810 31,745    
Interbank Borrowing KRW bil       25,711 27,310 34,659 30,691 34,312    
Customer Deposits KRW bil       173,296 178,810 193,710 217,676 235,138    
Issued Debt Securities KRW bil       38,839 37,491 37,335 41,221 44,327    
ratios                    
ROE % ... ... ... 8.94 7.01 7.29 7.85 8.89    
ROA % ... ... ... 0.840 0.668 0.678 0.690 0.737    
Costs (As % Of Assets) % ... ... ... 3.18 3.18 3.25 3.04 2.83    
Costs (As % Of Income) % ... ... ... 67.1 71.0 73.9 71.7 71.6    
Capital Adequacy Ratio %       12.5 13.4 13.0 13.4 15.0    
Net Interest Margin % ... ... ... 2.35 2.14 2.09 1.89 1.88    
Interest Income (As % Of Revenues) % ... ... ... 49.6 47.9 47.6 44.6 47.5    
Fee Income (As % Of Revenues) % ... ... ... 11.0 10.1 10.3 10.8 10.3    
Staff Cost (As % Of Total Cost) % ... ... ... 25.8 25.5 26.0 25.7 26.1    
Equity (As % Of Assets) %       9.48 9.59 9.03 8.58 8.02    
Loans (As % Of Deposits) %       116 115 114 113 110    
Loans (As % Assets) %       65.7 66.1 65.6 66.5 65.5    
NPLs (As % Of Loans) %       1.07 0.956 0.906 0.680 0.611    
Provisions (As % Of NPLs) %       131 126 125 137 148    
valuation                    
Number Of Shares (Average) mil ... ... ... 474 474 474 474 474    
Earnings Per Share (EPS) KRW ... ... ... 5,255 4,343 4,639 5,158 5,957    
Book Value Per Share KRW ... ... ... 60,973 62,969 64,350 67,081 66,944    
Dividend Per Share ... ... ... 700 650 950 1,200 1,450    
Earnings Per Share Growth % ... ... ... ... -17.3 6.80 11.2 15.5    
Book Value Per Share Growth % ... ... ... ... 3.27 2.19 4.24 -0.203    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income KRW bil ... ... ... 13,998 12,588 12,061 11,130 11,236    
Interest Cost KRW bil ... ... ... 7,018 5,985 5,271 4,437 4,031    
Net Interest Income KRW bil ... ... ... 6,980 6,603 6,790 6,693 7,205    
Net Fee Income KRW bil ... ... ... 1,543 1,386 1,469 1,621 1,566    
Other Income KRW bil ... ... ... 5,540 5,803 6,008 6,692 6,383    
Total Revenues KRW bil ... ... ... 14,063 13,792 14,267 15,006 15,154    
Staff Cost KRW bil ... ...   2,434 2,498 2,740 2,769 2,826    
Depreciation KRW bil ... ...   299 320 313 269 252    
Other Cost KRW bil ... ... ... 6,706 6,977 7,496 7,725 7,770    
Operating Cost KRW bil ... ... ... 9,439 9,794 10,548 10,763 10,847    
Operating Profit KRW bil ... ... ... 4,624 3,997 3,718 4,243 4,307    
Provisions KRW bil ... ... ... 1,446 1,355 944 1,264 1,196    
Extra and Other Cost KRW bil ... ... ... -67.6 -42.9 -112 -81.0 -65.4    
Pre-Tax Profit KRW bil ... ... ... 3,246 2,686 2,886 3,060 3,176    
Tax KRW bil ... ... ... 739 623 668 695 346    
Minorities KRW bil ... ... ... 170 157 119 78.8 50.1    
Net Profit KRW bil ... ... ... 2,492 2,060 2,200 2,446 2,825    
Dividends KRW bil ... ... ... 332 308 450 569 688    
growth rates                    
Net Interest Income Growth % ... ... ... ... -5.40 2.83 -1.43 7.66    
Net Fee Income Growth % ... ... ... ... -10.2 5.97 10.3 -3.42    
Total Revenue Growth % ... ... ... ... -1.93 3.44 5.18 0.987    
Operating Cost Growth % ... ... ... ... 3.76 7.70 2.03 0.785    
Operating Profit Growth % ... ... ... ... -13.5 -6.99 14.1 1.50    
Pre-Tax Profit Growth % ... ... ... ... -17.2 7.44 6.04 3.80    
Net Profit Growth % ... ... ... ... -17.3 6.80 11.2 15.5    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash KRW bil       8,978 10,330 10,321 11,040 10,075    
Interbank Loans KRW bil   ... ... ... ... ... ... ... ... ...
Customer Loans KRW bil       200,289 205,723 221,618 246,441 259,011    
Retail Loans KRW bil       92,391 94,815 103,071 114,555 ... ... ...
Mortgage Loans KRW bil       0 0 0 0 0    
Consumer Loans KRW bil       92,391 94,815 103,071 114,555 ... ... ...
Corporate Loans KRW bil       102,861 104,544 113,990 127,027 ... ... ...
Debt Securities KRW bil       67,919 66,720 72,159 76,250 87,933    
Fixed Assets KRW bil       7,304 7,441 7,300 7,313 7,372    
Total Assets KRW bil       304,939 311,297 338,022 370,540 395,680    
Shareholders' Equity KRW bil       28,913 29,860 30,515 31,810 31,745    
Of Which Minority Interest KRW bil       2,541 2,317 1,331 970 635    
Liabilities KRW bil       276,026 281,437 307,507 338,730 363,935    
Interbank Borrowing KRW bil       25,711 27,310 34,659 30,691 34,312    
Customer Deposits KRW bil       173,296 178,810 193,710 217,676 235,138    
Sight Deposits KRW bil       52,171 59,144 68,950 83,639 93,632    
Term Deposits KRW bil       121,125 119,666 124,760 134,037 141,506    
Issued Debt Securities KRW bil       38,839 37,491 37,335 41,221 44,327    
Other Liabilities KRW bil       38,181 37,826 41,804 49,142 50,159    
asset quality                    
Non-Performing Loans KRW bil       2,173 1,990 2,032 1,692 1,596    
Gross Loans KRW bil       203,128 208,238 224,156 248,760 261,371    
Total Provisions KRW bil       2,840 2,516 2,538 2,318 2,361    
growth rates                    
Customer Loan Growth % ...     4.01 2.71 7.73 11.2 5.10    
Retail Loan Growth % ...     5.79 2.62 8.71 11.1 ... ... ...
Consumer Loan Growth % ...     5.79 2.62 8.71 11.1 ... ... ...
Corporate Loan Growth % ...     2.62 1.64 9.03 11.4 ... ... ...
Total Asset Growth % ...     5.84 2.08 8.59 9.62 6.78    
Shareholders' Equity Growth % ...     7.65 3.27 2.19 4.24 -0.203    
Customer Deposit Growth % ...     6.31 3.18 8.33 12.4 8.02    
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE % ... ... ... 8.94 7.01 7.29 7.85 8.89    
ROA % ... ... ... 0.840 0.668 0.678 0.690 0.737    
Costs (As % Of Assets) % ... ... ... 3.18 3.18 3.25 3.04 2.83    
Costs (As % Of Income) % ... ... ... 67.1 71.0 73.9 71.7 71.6    
Capital Adequacy Ratio %       12.5 13.4 13.0 13.4 15.0    
Tier 1 Ratio %       9.51 11.3 11.2 11.4 13.2    
Net Interest Margin % ... ... ... 2.35 2.14 2.09 1.89 1.88    
Interest Spread % ... ... ... 2.11 1.94 1.92 1.77 1.79    
Asset Yield % ... ... ... 4.72 4.09 3.71 3.14 2.93    
Cost Of Liabilities % ... ... ... 2.61 2.15 1.79 1.37 1.15    
Payout Ratio % ... ... ... 13.3 15.0 20.5 23.3 24.3    
Interest Income (As % Of Revenues) % ... ... ... 49.6 47.9 47.6 44.6 47.5    
Fee Income (As % Of Revenues) % ... ... ... 11.0 10.1 10.3 10.8 10.3    
Other Income (As % Of Revenues) % ... ... ... 39.4 42.1 42.1 44.6 42.1    
Staff Cost (As % Of Total Cost) % ... ... ... 25.8 25.5 26.0 25.7 26.1    
Equity (As % Of Assets) %       9.48 9.59 9.03 8.58 8.02    
Loans (As % Of Deposits) %       116 115 114 113 110    
Loans (As % Assets) %       65.7 66.1 65.6 66.5 65.5    
NPLs (As % Of Loans) %       1.07 0.956 0.906 0.680 0.611    
Provisions (As % Of NPLs) %       131 126 125 137 148    
Provisions (As % Of Loans) %       1.42 1.22 1.15 0.941 0.911    
Cost of Provisions (As % Of Loans) % ... ... ... 0.736 0.667 0.442 0.540 0.473    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                    
Profit From Abroad KRW bil ... ...   139 95.7 126 173 180    
Profit From Abroad (As % Of Total) % ... ... ... 5.59 4.65 5.71 7.05 6.36    
Sight (As % Of Customer Deposits) %       30.1 33.1 35.6 38.4 39.8    

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Shinhan Financial Group's net interest income rose 9.40% to KRW 8,580 bil in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group generated total banking revenues of KRW 15,868 bil in 2018, up 1.76% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of KRW 15,868 bil in...

Shinhan Financial Group's net interest margin rose 1.51% to 1.94% in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group's net interest margin amounted to 1.94% in 2018, up from 1.91% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 2.35% in 2012 and an all time low of 1.88% in 2016. The averag...

Shinhan Financial Group's customer loan growth rose 36.5% to 8.73% in 2018

By Helgi Analytics - November 05, 2019

Shinhan Financial Group's customer loan growth reached 8.73% in 2018, up from 6.39% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 11.2% in 2015 and an all time low of 2.71% in 2013. In the last decade, th...

Shinhan Financial Group's corporate loans rose 11.4% to KRW 127,027 bil in 2015

By Helgi Analytics - November 05, 2019

Shinhan Financial Group's loans reached KRW 248,760 bil in the 2015, up from KRW 224,156 bil compared to the previous year. Historically, the bank’s loans reached an all time high of KRW 248,760 bil in 2015 and an all time low of KRW 184,199 bil in 2010. ...

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Finance

Shinhan Financial Group has been growing its revenues and asset by 2.84% and 8.10% a year on average in the last 5 years. Its loans and deposits have grown by 7.81% and 8.19% a year during that time and loans to deposits ratio reached 113% at the end of 2018. The company achieved an average return on equity of 8.43% in the last five years with net profit growing 9.20% a year on average. In terms of operating efficiency, its cost to income ratio reached 66.9% in 2018, compared to 70.6% average in the last five years.

Equity represented 7.97% of total assets or 12.2% of loans at the end of 2018. Shinhan Financial Group's non-performing loans were 0.436% of total loans while provisions covered some 207% of NPLs at the end of 2018.