Exhibit 99.1
3Q2020 Operating Results of Shinhan Financial Group
On October 27, 2020, Shinhan Financial Group released its operating results for 3Q2020. The following tables reflect the key figures of which we announced through a fair disclosure. The full IR presentation materials are available on following URL (www.shinhangroup.com).
The financial information, in this report, has been prepared in accordance with Korean International Financial Reporting Standards and is to be reviewed by our independent auditor. As figures provided have not yet been fully reviewed by our independent auditor, thus contents are subjected to be changed in the due course of the reviewing process.
1. Operating Results of Shinhan Financial Group (consolidated)
| | | | | | |
| | | | (KRW million) |
Item | 3Q 2020 | 2Q 2020 | QoQ Change (%) | 3Q 2019 | YoY Change (%) |
Revenue* | Specified Quarter | 8,242,595 | 8,266,662 | -0.29 | 12,496,548 | -34.04 |
Cumulative | 35,430,752 | 27,188,157 | - | 36,348,930 | -2.53 |
Operating Income | Specified Quarter | 1,468,197 | 1,255,192 | 16.97 | 1,417,913 | 3.55 |
Cumulative | 3,980,780 | 2,512,583 | - | 4,137,515 | -3.79 |
Income before Income Taxes | Specified Quarter | 1,561,630 | 1,230,855 | 26.87 | 1,416,323 | 10.26 |
Cumulative | 4,069,067 | 2,507,437 | - | 4,152,894 | -2.02 |
Net Income | Specified Quarter | 1,166,479 | 892,668 | 30.67 | 1,048,440 | 11.26 |
Cumulative | 3,008,687 | 1,842,208 | - | 3,084,819 | -2.47 |
Net Income Attributable to Controlling Interest | Specified Quarter | 1,144,692 | 873,110 | 31.11 | 981,572 | 16.62 |
Cumulative | 2,950,202 | 1,805,510 | - | 2,895,983 | 1.87 |
* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues
2. Operating Results of Shinhan Bank (consolidated)
| | | | | | |
| | | | (KRW million) |
Item | 3Q 2020 | 2Q 2020 | QoQ Change (%) | 3Q 2019 | YoY Change (%) |
Revenue* | Specified Quarter | 3,247,828 | 3,569,302 | -9.01 | 7,348,555 | -55.80 |
Cumulative | 17,056,864 | 13,809,036 | - | 20,257,374 | -15.80 |
Operating Income | Specified Quarter | 819,657 | 692,590 | 18.35 | 928,378 | -11.71 |
Cumulative | 2,340,081 | 1,520,424 | - | 2,612,701 | -10.43 |
Income before Income Taxes | Specified Quarter | 831,665 | 700,791 | 18.68 | 918,515 | -9.46 |
Cumulative | 2,361,354 | 1,529,689 | - | 2,606,935 | -9.42 |
Net Income | Specified Quarter | 624,453 | 514,276 | 21.42 | 694,490 | -10.08 |
Cumulative | 1,765,336 | 1,140,883 | - | 1,976,488 | -10.68 |
Net Income Attributable to Controlling Interest | Specified Quarter | 624,350 | 514,163 | 21.43 | 694,428 | -10.09 |
Cumulative | 1,765,044 | 1,140,694 | - | 1,976,274 | -10.69 |
* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues
3. Operating Results of Shinhan Card (consolidated)
| | | | | | |
| | | (KRW million) |
Item | 3Q 2020 | 2Q 2020 | QoQ Change (%) | 3Q 2019 | YoY Change (%) |
Revenue* | Specified Quarter | 915,824 | 953,702 | -3.97 | 1,024,191 | -10.58 |
Cumulative | 2,960,475 | 2,044,651 | - | 2,987,525 | -0.91 |
Operating Income | Specified Quarter | 225,455 | 244,028 | -7.61 | 189,590 | 18.92 |
Cumulative | 633,882 | 408,427 | - | 555,321 | 14.15 |
Income before Income Taxes | Specified Quarter | 225,192 | 239,763 | -6.08 | 188,739 | 19.31 |
Cumulative | 629,650 | 404,458 | - | 548,304 | 14.84 |
Net Income | Specified Quarter | 167,559 | 175,645 | -4.60 | 140,719 | 19.07 |
Cumulative | 469,497 | 301,938 | - | 411,157 | 14.19 |
Net Income Attributable to Controlling Interest | Specified Quarter | 167,615 | 176,006 | -4.77 | 139,829 | 19.87 |
Cumulative | 470,158 | 302,543 | - | 411,091 | 14.37 |
* Represents the sum of interest revenues, fees and commissions revenues, and other operating revenues
