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Shinhan Financial Group Co (Shinhan Financial Group Co) Allowance For Loans And Lease Losses : $-3,320 Mil (As of Dec. 2023)


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What is Shinhan Financial Group Co Allowance For Loans And Lease Losses?

Shinhan Financial Group Co's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-3,320 Mil.

Shinhan Financial Group Co's quarterly Allowance For Loans And Lease Losses increased from Jun. 2023 ($-3,095 Mil) to Sep. 2023 ($-3,041 Mil) but then declined from Sep. 2023 ($-3,041 Mil) to Dec. 2023 ($-3,320 Mil).

Shinhan Financial Group Co's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-2,675 Mil) to Dec. 2022 ($-2,822 Mil) and declined from Dec. 2022 ($-2,822 Mil) to Dec. 2023 ($-3,320 Mil).

Shinhan Financial Group Co Allowance For Loans And Lease Losses Historical Data

The historical data trend for Shinhan Financial Group Co's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shinhan Financial Group Co Allowance For Loans And Lease Losses Chart

Shinhan Financial Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Allowance For Loans And Lease Losses
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,285.54 -2,798.50 -2,675.14 -2,822.29 -3,319.91

Shinhan Financial Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Allowance For Loans And Lease Losses Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,822.29 -2,985.09 -3,094.83 -3,041.27 -3,319.91

Shinhan Financial Group Co Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Shinhan Financial Group Co Allowance For Loans And Lease Losses Related Terms

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Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (NYSE:SHG) » Definitions » Allowance For Loans And Lease Losses
Comparable Companies
XKRX:105560 XKRX:086790 XKRX:323410 XKRX:024110 XKRX:316140 XKRX:138930 XKRX:175330 XKRX:139130 XKRX:006220 XKRX:007330 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK NSE:SBIN SAU:1120 XPAR:BNP ISX:BBCA MIC:SBER SGX:D05 MIL:ISP
Traded in Other Exchanges
055550:Korea
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Website
http://www.shinhangroup.com
Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.