Q3 2025 Shinhan Financial Group Co Ltd Earnings Call Transcript
Key Points
- Shinhan Financial Group Co Ltd (SHG) maintained a stable CET1 ratio of 13.56%, indicating strong capital adequacy.
- The group declared a cash dividend of KRW570 per share for Q3, with a total shareholder return expected to be around KRW2.35 trillion in 2025.
- Net income for Q3 2025 was KRW1.4235 trillion, demonstrating robust profit generation despite challenging market conditions.
- Interest income rose by 2.9% QoQ, driven by profitability-based asset growth and active margin control.
- The group's credit cost decreased by 30.1% quarter-on-quarter, reflecting effective asset quality management and reduced provisions.
- The group's net income declined by 8.1% QoQ, primarily due to a decrease in securities-related profits.
- Noninterest income decreased QoQ, with declines in gains on securities, FX, and derivatives.
- The group's NPL coverage ratio declined by 2.9 percentage points QoQ, indicating increased risk in the nonbank sector.
- Shinhan Securities' earnings decreased QoQ due to lower product management income.
- Shinhan Capital faced pressure on funding and credit costs, resulting in subdued performance.
Good afternoon. This is Cheol Woo Park, in charge of IR. I thank everyone for joining us at the 2025 third quarter earnings release by Shinhan Financial Group despite your busy schedule.
Today, we have here with us Group CFO, Sang Yung Chun; Group CSO, SeogHeon Koh; Group CRO, Dong-kwon Bang; Shinhan Bank CFO, Jeongbin Lee; Shinhan Card CFO, Haechang Park; Shinhan Securities CFO, Jeonghoon Jang; and Shinhan Life CFO, Sunghwan Joo.
We will start out with the CFO's presentation on business performance of Q3 2025, followed by a Q&A session with the executives present here with us.
Let me now go to CFO Chun to start the presentation.
Good afternoon. Thank you for joining us for the third quarter 2025 earnings release. I will begin from page 2, business performance highlights. As of the end of September 2025, the group's CET1 ratio was preliminarily estimated at 13.56%,
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