Banks
Company Overview of SHINHAN BANK
Company Overview
20, Sejong-Daero 9-Gil
Jung-Gu
Seoul, 100-724
South Korea
Founded in 1897
Key Executives for SHINHAN BANK
SHINHAN BANK Key Developments
SHINHAN BANK announced consolidated earnings results for the first quarter 2018. For the quarter, the company reported revenue of KRW 4,285,782 million against KRW 8,529,152 million for the same period in the last year. Operating income was KRW 810,879 million against KRW 662,310 million for the same period in the last year. Income before income taxes was KRW 812,872 million against KRW 672,407 million for the same period in the last year. Net income was KRW 600,597 million against KRW 534,578 million for the same period in the last year. Net income attributable to controlling interest was KRW 600,520 million against KRW 534,556 million for the same period in the last year.
Shinhan Bank announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported interest income was KRW 8,123,401 million against KRW 7,696,201 million for the same period a year ago. Net interest income was KRW 4,992,051 million against KRW 4,504,121 million for the same period a year ago. Operating income was KRW 2,204,363 million against KRW 1,958,978 million for the same period a year ago. Profit before income tax was KRW 2,157,747 million against KRW 2,028,724 million for the same period a year ago. Profit for the year was KRW 1,711,233 million against KRW 1,940,621 million for the same period a year ago. Basic and diluted earnings per share were KRW 1,060 against KRW 1,195 for the same period a year ago. Net cash provided by operating activities was KRW 3,973,193 million against KRW 3,441,594 million for the same period a year ago. Acquisition of property and equipment was KRW 84,470 million against KRW 79,285 million for the same period a year ago. Acquisition of intangible assets was KRW 75,717 million against KRW 37,052 million for the same period a year ago. Acquisition of other assets was KRW 914,571 million against KRW 824,203 million for the same period a year ago.
On February 6, 2018, the Board of Directors of Shinhan Bank, a wholly-owned bank subsidiary of Shinhan Financial Group resolved to pay cash dividends of KRW 540 billion or KRW 340.56 per common share for the fiscal year of 2017, subject to the shareholders' approval.
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