Search results for Shinhan Life
Finance
Four major financial groups\' net profit tops 11 trillion won, competition shifts from banks to capital markets
South Korea’s four major financial holding groups posted combined first-half net profit of 11.34 trillion won, up 9.8 percent from a year earlier, helped by steady interest income and rising fee income from capital-market businesses such as securities, wealth management and investment banking. As non-bank earnings contributions expanded, the competitive focus among groups increasingly shifted to capital markets. In banking, Shinhan Bank led in net profit, while Woori Bank was the only one to decline.
Finance
KB Financial keeps top spot in first half on non-bank gains despite bank lag
KB Financial Group posted 3.88 trillion won in first-half net profit, beating Shinhan Financial Group by 441.9 billion won, helped by a surge in non-bank earnings, especially at KB Securities. Shinhan Bank, however, out-earned KB Kookmin Bank by 233.1 billion won. KB also led in ROE and CET1 ratio. The groups set out different shareholder return plans, while KB signalled further capital allocation to its securities arm.
Finance
Shinhan Financial first-half net profit rises 13.3 percent on strong brokerage
Shinhan Financial Group posted a record first-half net profit of 3.44 trillion won, up 13.3 percent from a year earlier, helped by growth in its capital markets businesses such as brokerage and asset management. Net interest income rose 7.7 percent and non-interest income increased 19.7 percent, lifting the non-interest share of total earnings to 30 percent. The board set a second-quarter dividend of 740 won per share and plans additional share buybacks and cancellation.
