(LEAD) Shinhan Financial Group Q3 net profit up 10.9 pct on rising interest income

SEOUL, Oct. 27 - The net earnings of Shinhan Financial Group surged over 10 percent in the third quarter, climbing to 1.6 trillion won, up 10.9 percent from the previous year's figures. This increase was primarily fueled by a notable rise in interest income. For the same quarter, the group's operating profit fell by 2.4 percent year-on-year, amounting to 1.9 trillion won, while its overall revenue surged by an impressive 95.9 percent to 18.64 trillion won.

Analysts' estimates aligned with this outcome, with the average projected net profit standing at 1.61 trillion won, as reported by Yonhap Infomax, according to a survey. In the quarter, interest income rose by 8.3 percent to 3.2 trillion won, yet commission income slipped by 18.1 percent to 790.2 billion won. Over the first nine months of the year, Shinhan Financial's net profit amounted to 5.03 trillion won, reflecting a 12.7 percent growth compared to the previous year, outpacing its annual net profit of 4.97 trillion won from 2025.

Within this period, Shinhan Bank recorded a net profit of 1.2 trillion won, marking a 12.5 percent increase from the same period last year.