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 July 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

2Q2023 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: July 27, 2023

 

By:

/s/ Lee Tae Kyung

 

 

 

 

 

 

Name: Lee Tae Kyung

 

 

Title: Chief Financial Officer

 

 

Exhibit 99.1
2Q2023 Operating Results of Shinhan Financial Group

 

On July 27, 2023, Shinhan Financial Group released its operating results for 2Q 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

2Q 2023

1Q 2023

QoQ Change (%)

2Q 2022

YoY Change (%)

Revenue*

Specified Quarter

13,564,990

18,981,905

-28.54

18,316,355

-25.94

Cumulative

32,546,895

18,981,905

-

31,695,039

2.69

Operating Income

Specified Quarter

1,736,047

1,756,186

-1.15

1,717,172

1.10

Cumulative

3,492,233

1,756,186

-

3,601,678

-3.04

Income before Income Taxes

Specified Quarter

1,728,416

1,856,763

-6.91

1,779,963

-2.90

Cumulative

3,585,179

1,856,763

-

3,689,644

-2.83

Net Income

Specified Quarter

1,268,780

1,414,343

-10.29

1,317,023

-3.66

Cumulative

2,683,123

1,414,343

-

2,722,061

-1.43

Net Income Attributable to Controlling Interest

Specified Quarter

1,238,265

1,387,958

-10.79

1,297,542

-4.57

Cumulative

2,626,223

1,387,958

-

2,682,360

-2.09

* 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

2Q 2023

1Q 2023

QoQ Change (%)

2Q 2022

YoY Change (%)

Revenue*

Specified Quarter

8,297,354

11,831,839

-29.87

11,530,699

-28.04

Cumulative

20,129,193

11,831,839

-

19,004,865

5.92

Operating Income

Specified Quarter

1,061,475

1,227,701

-13.54

1,110,126

-4.38

Cumulative

2,289,176

1,227,701

-

2,273,968

0.67

Income before Income Taxes

Specified Quarter

1,018,691

1,239,831

-17.84

1,098,923

-7.30

Cumulative

2,258,522

1,239,831

-

2,276,390

-0.78

Net Income

Specified Quarter

749,064

931,633

-19.60

820,137

-8.67

Cumulative

1,680,697

931,633

-

1,683,432

-0.16

Net Income Attributable to Controlling Interest

Specified Quarter

749,000

931,548

-19.60

819,953

-8.65

Cumulative

1,680,548

931,548

-

1,683,045

-0.15

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

 

 

3. Operating Results of Shinhan Card (consolidated)

 

 

 

(KRW million)

Item

2Q 2023

1Q 2023

QoQ Change (%)

2Q 2022

YoY Change (%)

Revenue*

Specified Quarter

1,305,006

1,360,919

-4.11

1,326,007

-1.58

Cumulative

2,665,925

1,360,919

-

2,473,253

7.79

Operating Income

Specified Quarter

201,675

203,233

-0.77

258,068

-21.85

Cumulative

404,908

203,233

-

491,899

-17.68

Income before Income Taxes

Specified Quarter

199,057

203,953

-2.40

317,410

-37.29

Cumulative

403,010

203,953

-

555,148

-27.40

Net Income

Specified Quarter

150,388

167,216

-10.06

236,995

-36.54

Cumulative

317,604

167,216

-

413,527

-23.20

Net Income Attributable to Controlling Interest

Specified Quarter

150,206

166,710

-9.90

236,760

-36.56

Cumulative

316,916

166,710

-

412,706

-23.21

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

 

 

4. Operating Results of Shinhan Life (consolidated)

 

 

 

(KRW million)

Item

2Q 2023

1Q 2023

QoQ Change (%)

2Q 2022

YoY Change (%)

Revenue*

Specified Quarter

1,510,242

1,864,745

-19.01

1,891,464

-20.15

Cumulative

3,374,987

1,864,745

-

3,491,980

-3.35

Operating Income

Specified Quarter

235,722

186,841

26.16

142,364

65.58

Cumulative

422,563

186,841

-

330,521

27.85

Income before Income Taxes

Specified Quarter

242,849

174,357

39.28

135,732

78.92

Cumulative

417,206

174,357

-

319,158

30.72

Net Income

Specified Quarter

177,870

133,812

32.93

97,434

82.55

Cumulative

311,682

133,812

-

236,054

32.04

Net Income Attributable to Controlling Interest

Specified Quarter

177,870

133,812

32.93

97,434

82.55

Cumulative

311,682

133,812

-

236,054

32.04

* 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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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