Shinhan Financial Group (SHG) Builds Momentum With Robust FY2025 Results

Shinhan Financial Group Co., Ltd. (NYSE:SHG) is one of the best Korean stocks to buy. On March 3, Shinhan Financial Group Co., Ltd. (NYSE:SHG) filed audit reports for Shinhan Bank, its wholly-owned banking subsidiary. The reports cover FY2025 and were prepared under K-IFRS. The company detailed in the Form 6-K filing that KPMG Samjong is the auditor on record, and that the auditor gave all statements a clean bill of health.

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In the statements, Shinhan Bank posted KRW 3.78 trillion in consolidated net profit for the financial year, and the net interest income came in at KRW 9.17 trillion, compared to KRW 8.84 trillion in FY2024. The growth came on the back of healthy lending activity and improved fee income, noted management. Total assets expanded to KRW 596.97 trillion, which management said were funded largely by customer deposits of KRW 434.32 trillion.

However, the auditors flagged credit loss allowances of KRW 4.28 trillion. They also called out the bank’s level 3 derivatives and derivative-linked securities as key audit areas, given the complex models and unobservable inputs involved. In other words, these areas will require continued scrutiny in future disclosures.

Beyond Shinhan Bank, Shinhan Financial shared that the Group’s consolidated net profit rose to KRW 5.08 trillion from KRW 4.56 trillion in FY2024. It added that basic earnings per share climbed to KRW 9,812 from KRW 8,441.

The company also filed a separate set of audit reports for Shinhan Card, its credit card subsidiary, on the same day.

Shinhan Financial Group Co., Ltd. (NYSE:SHG) is a South Korean financial holding company. Its businesses span banking, securities, insurance, and asset management.

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