Shinhan Financial Group Q3 net profit up 10.9% on rising interest income
Shinhan Financial Group said Tuesday its net income rose more than 10 percent in the third quarter from a year earlier driven by a rise in interest income. The banking group posted a net profit of 1.6 trillion won ($1.2 billion) for the July-September period, up 10.9 percent from a year earlier. Operating profit for the three-month period stood at 1.9 trillion won, down 2.4 percent from a year…
Shinhan Financial Group reported a 10.9% increase in net income for the third quarter, reaching 1.6 trillion won ($1.2 billion), driven by a 8.3% rise in interest income to 3.2 trillion won. The bank's operating profit for the period was 1.9 trillion won, a 2.4% decrease from the previous year. Revenue grew by 95.9% to 18.64 trillion won.
Analysts' average estimate for net profit matched the bank's actual earnings. However, commission income declined by 18.1% to 790.2 billion won. For the first nine months, the group achieved a net profit of 5.03 trillion won, marking a 12.7% increase from the previous year, surpassing the annual net profit of 4.97 trillion won recorded in 2025. Shinhan Bank's net profit was 1.2 trillion won.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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