Asia300

Shinhan Financial Group Co., Ltd.

South Korea

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Aug 21, 2017
Prev close: 51,600
Aug 21, 2017
Market cap:
Market cap(USD):
24,468.69B
21,485.44M
Shares: 474.19M

Currency in KRW

Company profile

Market(Ticker): KRX(055550)
Sector:
Industry:
Finance
Financial Conglomerates
Full time employees: --

Business summary

Shinhan Financial Group Co., Ltd. engages in the provision of management and financial support services to its subsidiaries. The company was founded on September 1, 2001 and is headquartered in Seoul, South Korea.

Company background

Shinhan Financial Group is a South Korean financial holding company engaged in the management of subsidiaries, including commercial banking unit Shinhan Bank, regional bank Jeju Bank, credit card company Shinhan Card, securities unit Shinhan Investment and Shinhan Life Insurance. Shinhan Financial, one of the country's four biggest financial groups, has a capital and business tie-up with French bank BNP Paribas, a major shareholder of the Korean group.

Shinhan Bank was founded in 1982 with capital from Korean residents in Japan. In 2001, it formed a holding company, Shinhan Financial Group. The group has expanded by acquiring Chohung Bank; LG Card, the predecessor of Shinhan Card; and other financial entities. It now has total assets of over 300 trillion won on a consolidated basis.

In 2001, Shinhan Financial signed a comprehensive partnership agreement with BNP Paribas, under which the two companies set up a joint venture on asset management in South Korea. The group is also strengthening its overseas presence, bolstering its operating bases in Japan, the U.S. and European countries as well as in China, Vietnam and Kazakhstan -- regions in which South Korean companies are operating.

Shinhan Financial has had the largest market capitalization among South Korean financial holding companies for many years and has a reputation as a financially healthy company with solid growth potential. Although South Korea's banking industry is often affected by government policy, it is widely believed that the group's management remains relatively immune from such influence.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 21,501.18B
Gross profit --
Operating income 3,556.74B
Income before tax 3,160.47B
Net income 2,738.68B
EBITDA --
Diluted EPS 5,775
Dividends per share 1,450
Total assets 395,680.32B
Total liabilities 364,433.66B
Total equity 30,611.38B
Operating cash flow -873,701M

Currency in KRW

Revenue 18,532.47M
Gross profit --
Operating income 3,065.65M
Income before tax 2,724.10M
Net income 2,360.55M
EBITDA --
Diluted EPS 4.97
Dividends per share 1.24
Total assets 327,604.15M
Total liabilities 301,733.42M
Total equity 25,344.74M
Operating cash flow -753.06M

Currency in USD

Valuation measures

Dec 2016

PER 7.83
ROA 0.71%
ROE 9.02%
Operating margin 16.54%
Profit margin 12.73%

Key executive

  • Co-Chairman & Chief Executive Officer: Yong-Byoung Cho
  • Managing Director & Compliance Officer: Woo-Gyun Park
  • Vice President: Hyung-Jin Kim
  • Vice President: Young-Jin Lim

Share holders

  • National Pension Service of Korea(9.5%)
  • Shinhan Financial Group Co., Ltd. ESOA(4.7%)
  • BNP Paribas SA(3.7%)
  • Government of Singapore(2.4%)
  • BlackRock Fund Advisors(1.8%)
  • The Vanguard Group, Inc.(1.8%)
  • Genesis Investment Management LLP(1.6%)
  • Mizuho Financial Group, Inc.(1.2%)
  • Saudi Arabian Monetary Agency (Investment Management)(1.2%)
  • Abu Dhabi Investment Authority (Investment Management)(1.1%)

Address

  • Website: http://www.shinhangroup.com
  • Address: 20 Sejong-daero 9-gil, Jung-gu, Seoul, 04513, South Korea
  • Phone: +82.2.6360.3000

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