Organization

Shinhan Bank

South Korean company

In the news

coverage spread: L0/C50/R50

Record First-Half Profits Across Korean Banks

KB Insurance posted weaker first-half profits due to higher loss ratios, though Contractual Service Margin grew as part of its reform gains; meanwhile KB Financial Group and Shinhan Financial reported record first-half earnings driven by stable interest income and booming non-interest income, with KB Financial nearing the 6 trillion club and KB Securities delivering a record 801 billion won net profit.

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Shinhan Financial Reports Record First-Half Profit

Shinhan Financial Group posted record quarterly profits and a robust first half, with second-quarter net profit of 1.82 trillion won and full-year-first-half net profit of 3.44 trillion won, driven by a stock-market rally and stronger non-interest income from brokerage and asset management. Shinhan Investment’s first-half net profit surged 123.1% to 577.7 billion won, while Shinhan Life improved its CSM and capital adequacy despite a year-on-year dip in net profit, reflecting broader strength across the group’s non-bank units.

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Key facts

Country: South Korea
Headquarters: Seoul
Inception: 1897
Website: https://www.shinhan.com/

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