EX-99.1 Shinhan Financial Group Review Report for the 3Q of 2023 (Consolidated) SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Consolidated Interim Financial Statements September 30, 2023 and 2022 (Unaudited) Contents | Report on Review of Interim Financial Statements | 1 | | --- | --- | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 7 | | Consolidated Interim Statement ...

For SHB, retail lending decreased 2.5% YTD due to weaker demand on unsecured loans reflecting higher interest rates and tight DSR regulations, as well as asset securitization of mortgages Backed by strong loan demand from large corporates and quality SMEs, corporate lending grew by 5.5% YTD, driving SHB's loan growth 8 Non-interest Income Details of Non-interest Income Due to increased market volatility such as rising interest rates and KRW depreciation, securities-related income decreased by 36.6% QoQ. On ...

Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q3 2023 Earnings Call Transcript October 27, 2023 1:00 AM ET Company Participants Kim Myoung Hee - Chief Development Officer Bang Dong-Kwon - Chief Risk Officer Park Kyoung Won - Shinhan Life, CFO Kim Kihoon - Shinhan Bank, CFO Conference Call Participants Seol Yong Jin - SK Securities Park Hye-jin - Daishin Securities Jeong Tae Joon - Yuanta Securities Cho Jihyun - JPMorgan Unidentified Company Representative [Starts Abruptly] [Foreign Language] [interrupted] I ...

Financial Data and Key Metrics Changes - In Q2 2023, despite an increase in operating income, net income declined to KRW1.2383 trillion due to conservative provisioning [6] - Non-interest income recorded KRW1.33 trillion, showing a recovery after an increase in Q1, attributed to balance growth and fee income deposits despite a decline in securities-related income [7] - The Group's cost income ratio for the first half of the year was 38.3%, maintaining stability despite inflationary pressures [7] - The credit cost ratio increased by 22 bps year-over-year to 53 bps due to increased provisions [8] - Interest income stood at KRW2.69 trillion, a 4.7% increase quarter-over-quarter, driven by higher interest-bearing assets and improved bank margins [10] Business Line Data and Key Metrics Changes - Bank loans grew by 0.6% in Q2 after a 0.1% increase in Q1, with corporate lending up 2.8% year-to-date, while retail lending decreased by 1.8% year-to-date [11] - Non-interest income improved by 21.5% year-over-year, with a 3.4% increase quarter-over-quarter, despite a drop in securities-related income [13] - Fee income increased by 7.6% quarter-over-quarter, with credit card fees rising by 26.9% and brokerage fees by 17.9% [14] Market Data and Key Metrics Changes - The delinquency rate for Shinhan Bank remained flat quarter-over-quarter at 0.27%, while Shinhan Card's delinquency rate increased to 1.43% [18][19] - The Group's provisioning rate against total loans and total assets is 0.96% and 0.55% respectively, indicating a steady upward trend in loss absorption capacity [23] Company Strategy and Development Direction - The Group aims to implement a sustainable capital policy by securing sufficient capital capacity and has raised its CET 1 ratio target to 13% [26] - The Group is focusing on leveraging digital capabilities to enhance financial competitiveness and social value, with significant growth in digital platform users [27][34] - The strategy includes expanding into advanced and emerging markets, particularly in Vietnam, while maintaining a conservative approach to risk management [52] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic environment, indicating that credit costs may stabilize in the second half of the year [61] - The Group is preparing for potential economic uncertainties by maintaining conservative provisioning policies [61] - The outlook for NIM in the second half is expected to remain stable or slightly higher than Q2, with intense competition anticipated in the loan market [63] Other Important Information - The Group plans to execute an additional round of share buyback and cancellation amounting to KRW100 billion in Q3 [8] - The Group's digital initiatives have led to significant cost savings and increased operating profits from new digital businesses [38] Q&A Session Summary Question: OCI trajectory and securities book losses - Management acknowledged the volatility in the securities book due to interest rates and indicated that valuation losses should reduce in the second half [42][45] Question: CET 1 ratio and buyback plans - The Group confirmed that the CET 1 ratio target was raised to 13% and that buyback plans would be reviewed quarterly [47] Question: Credit card delinquency trends - Management noted that the delinquency rate has stabilized and is expected to return to manageable levels by year-end [44] Question: Global expansion strategy - The Group is exploring opportunities in both advanced and emerging markets, with a focus on supporting Korean companies abroad [52] Question: Household debt to GDP levels - Management indicated that high-quality portfolios would be maintained while cautiously managing household loan growth [56]

1H23 Banks 60% Non-Banks 40% Capital 49,460 46,982 2,478.4 5.3% 48,928 532.1 1.1% CET1 40,244 37,288 2,956.7 7.9% 38,769 1,475.0 3.8% Tier 1 45,923 43,267 2,656.0 6.1% 45,340 583.8 1.3% BIS ratio 15.92% 16.11% -0.19%p 16.00% -0.08%p CET 1 ratio 12.95% 12.79% 0.16%p 12.68% 0.27%p Tier 1 ratio 14.78% 14.84% -0.06%p 14.83% -0.05%p 13.9% 11.1% 12.3% 14.9% 12.5% 13.4% 15.7% 12.9% 14.4% 16.2% 13.1% 14.9% RWA Movement (%) 12.68 Mar. 23 Decrease Increase Total 0.21 RWA RWA 4.9Wtn 0.46 Profit for Net Income 1.2Wtn C ...

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR Table of Contents As filed with the Securities and Exchange Commission on April 20, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For ...

Financial Reporting - Shinhan Financial Group submitted its report under Form 20-F for the month of April 2023[2] - The filing is in compliance with the Securities Exchange Act of 1934[8] Shareholder Information - The report includes a change in the number of shares owned by the largest shareholder of Shinhan Financial Group[6]

Shinhan Financial Group Co., Ltd. (NYSE:SHG) Q4 2022 Earnings Conference Call February 8, 2023 12:00 AM ET Company Participants Park Cheol Woo - Head, Investor Relations Lee Taekyung - Chief Financial Officer Kim Myoung Hee - Chief Development Officer Bang Dong Kwon - Chief Risk Officer Ko Seok-Hon - CSSO Kim Kihoon - Shinhan Bank, CFO Kim Nam-Jun - Shinhan Card, CFO Park Kyoung Won - Shinhan Life, CFO Conference Call Participants Yafei Tian - Citi Securities Baek Doosan - Korea Investment Park Hye-jin - Da ...

NYSE We believe finance should be Friendly, More Secure, Creative Business Results FY 2022 Shinhan Financial Group Contents I. FY22 Result Highlights II. Supplements The financial information contained herein has neither been reviewed nor audited by independent auditors. Therefore, no assurance is given that the financial information contained herein is accurate or complete, and such financial information may differ from the financial information to be contained in our financial statements audited by indepe ...

Exhibit 99.1 SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Consolidated Interim Financial Statements September 30, 2022 and 2021 (Unaudited) Contents | | Page | | --- | --- | | Report on Review of Interim Financial Statements | 1 | | Consolidated Interim Statements of Financial Position | 3 | | Consolidated Interim Statements of Comprehensive Income | 4 | | Consolidated Interim Statements of Changes in Equity | 6 | | Consolidated Interim Statements of Cash Flows | 8 | | Notes to the Consolidated Interi ...