Shinhan Financial Group Co (MEX:SHG) Credit Losses Provision : MXN28,139 Mil (As of Sep. 2024)

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What is Shinhan Financial Group Co Credit Losses Provision?

Shinhan Financial Group Co's credit losses provision for the three months ended in Sep. 2024 was MXN5,890 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2024 was MXN28,139 Mil.

Shinhan Financial Group Co's quarterly credit losses provision increased from Mar. 2024 (MXN4,537 Mil) to Jun. 2024 (MXN7,827 Mil) but then declined from Jun. 2024 (MXN7,827 Mil) to Sep. 2024 (MXN5,890 Mil).

Shinhan Financial Group Co's annual credit losses provision increased from Dec. 2021 (MXN16,680 Mil) to Dec. 2022 (MXN19,374 Mil) and increased from Dec. 2022 (MXN19,374 Mil) to Dec. 2023 (MXN28,138 Mil).

Shinhan Financial Group Co Credit Losses Provision Historical Data

The historical data trend for Shinhan Financial Group Co's Credit Losses Provision 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 Credit Losses Provision Chart

Shinhan Financial Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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15,546.18

24,690.57

16,680.48

19,373.91

28,137.73

Shinhan Financial Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Credit Losses Provision	Get a 7-Day Free Trial															5,964.77	9,886.19	4,536.58	7,826.93	5,889.77

Shinhan Financial Group Co Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN28,139 Mil.

Shinhan Financial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (MEX:SHG) » Definitions » Credit Losses Provision

Traded in Other Exchanges

SHG:USA 055550:Korea KSF1:Germany KSF1:Germany

Address

20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513

Website

http://www.shinhangroup.com

Shinhan Financial is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services. The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.