Shinhan Financial Group Co. released its separate interim financial statements for the period ending September 30, 2024, showing a slight increase in total assets to KRW 38.15 trillion from KRW 37.29 trillion in December 2023. This asset growth indicates continued expansion of the group's financial footprint.
Despite the overall asset growth, the statements revealed a decrease in loans at amortized cost, while financial assets at fair value and retained earnings saw an increase. This shift reflects strategic adjustments in the group's asset composition.
In a notable development, Shinhan Securities, a subsidiary of Shinhan Financial Group, incurred a KRW135.7 billion derivatives trading loss during the third quarter of 2024. This loss highlights specific operational risks within the group's securities business that require continuous strengthening of internal controls.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.