Overview
Shinhan Financial Group, one of South Korea's largest financial companies in terms of assets, provides retail and corporate banking, credit cards, insurance, asset management, securities brokerage, and credit reporting services to almost 19 million active customers. Its primary subsidiary is Shinhan Bank, which has one of the largest branch networks in the country with more than 1,215 locations. While over 90% of its revenue is derived from Korea,
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Read More the aims to serve the needs of its customers through a global network of about 245 offices in about 20 countries. Since its inception as Shinhan Bank in 1982, boasted total assets of KRW 648.2 billion, total deposits of KRW 281.9 billion, and total loans of KRW 271.1 billion.
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Read More the aims to serve the needs of its customers through a global network of about 245 offices in about 20 countries. Since its inception as Shinhan Bank in 1982, boasted total assets of KRW 648.2 billion, total deposits of KRW 281.9 billion, and total loans of KRW 271.1 billion.
Read Less
Ok Dong Jin
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Management of Companies and Enterprises
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Holding companies, nec
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Actual
$13.14 billion
Actual
3.1%
1.88%
$739.76 million
DEC
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Korea:055550
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Financial Statements
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Financial data as of December 31, 2022 (12 month period) in USD
Annual Revenue 2024
$13.14 billion
USD
Actual
1 USD = 1,336.8984 KRW
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $3,460 | $396 | $5,377 |
| Net Investing Cash | $111 | -$3,195 | -$8,001 |
| Net Financing Cash | -$137 | $7,301 | $2,539 |
| Net Change in Cash | $3,435 | $4,502 | -$84 |
| Cash at Beginning of Period | $22,752 | $18,262 | $18,390 |
| Cash at End of Period | $26,365 | $22,752 | $18,262 |
| Capital Expenditure | -$583 | -$536 | -$705 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $31,171 | $26,753 | $23,239 |
| Accounts Receivable | $10,181 | $12,752 | $8,594 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $4,700 | $4,526 | $4,446 |
| Intangible Assets | $1,088 | $1,152 | $841 |
| Total Assets | $739,764,256 | $691,795,333 | $664,433,230 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $11,325 | $14,150 | $9,233 |
| Short-Term Debt | $23 | $25 | $36 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $103,071 | $94,117 | $88,639 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $509,346 | $475,334 | $457,035 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $2,016 | $2,016 | $1,951 |
| Retained Earnings | $29,187 | $27,218 | $25,405 |
| Equity Summary | |||
| Total Equity | $41,928 | $40,183 | $37,947 |
| Shares Outstanding | 498,859,764 | 512,753,119 | 508,778,517 |