SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the Month of August 2011

 

 

SHINHAN FINANCIAL GROUP CO., LTD.

(Translation of registrant’s name into English)

 

 

120, 2-Ga, Taepyung-Ro, Jung-Gu, Seoul 100-102, Korea

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No  x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .

 

 

 

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Shinhan Financial Group 2011 2Q Operating Results

On August 3, 2011, Shinhan Financial Group released its 2011 2Q operating results. The below are the key figures we announced through a fair disclosure. The full IR presentation materials are available at our website (www.shinhangroup.com).

The financial information in this report has been prepared in accordance with Korean International Financial Reporting Standards and is to be reviewed by our independent auditor. As figures provided have not yet been fully reviewed by external auditor, contents are subject to change in the due course of the reviewing process.

1. Operating Results of Shinhan Financial Group (consolidated)

 

																(KRW million)
Item				2Q 2011				1Q 2011				QoQ Change (%)				2Q 2010				YoY Change (%)
Revenue*		Specified Quarter			8,475,088				8,696,471				-2.55	%			8,939,475				-5.19	%
		Cumulative			17,171,559				8,696,471				—				17,895,142				-4.04	%
Operating Income		Specified Quarter			1,272,559				1,257,227				1.22	%			558,206				127.97	%
		Cumulative			2,529,786				1,257,227				—				1,821,963				38.85	%
Income before Income Taxes		Specified Quarter			1,281,416				1,270,051				0.89	%			560,100				128.78	%
		Cumulative			2,551,467				1,270,051				—				1,825,599				39.76	%
Net Income**		Specified Quarter			964,783				924,320				4.38	%			447,588				115.55	%
		Cumulative			1,889,103				924,320				—				1,365,094				38.39	%

 

*	Represents the sum of interest income, fees and commissions revenues, and other operating revenues

**	Represents profits attributable to controlling interest.

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2. Operating Results of Shinhan Bank (consolidated)

 

																(KRW million)
Item				2Q 2011				1Q 2011				QoQ Change (%)				2Q 2010				YoY Change (%)
Revenue*		Specified Quarter			5,690,936				5,591,374				1.78	%			6,810,112				-16.43	%
		Cumulative			11,282,310				5,591,374				—				13,248,111				-14.84	%
Operating Income		Specified Quarter			965,655				818,503				17.98	%			263,988				265.80	%
		Cumulative			1,784,158				818,503				—				1,111,836				60.47	%
Income before Income Taxes		Specified Quarter			972,125				828,227				17.37	%			265,721				265.84	%
		Cumulative			1,800,352				828,227				—				1,116,210				61.29	%
Net Income**		Specified Quarter			785,549				647,129				21.39	%			260,363				201.71	%
		Cumulative			1,432,678				647,129				—				916,716				56.28	%

 

*	Represents the sum of interest income, fees and commissions revenues, and other operating revenues

**	Represents profits attributable to controlling interest.

3. Operating Results of Shinhan Card (consolidated)

 

																(KRW million)
Item				2Q 2011				1Q 2011				QoQ Change (%)				2Q 2010				YoY Change (%)
Revenue*		Specified Quarter			1,137,102				1,121,304				1.41	%			969,951				17.23	%
		Cumulative			2,258,406				1,121,304				—				2,119,153				6.57	%
Operating Income		Specified Quarter			253,231				315,396				-19.71	%			233,764				8.33	%
		Cumulative			568,627				315,396				—				519,962				9.36	%
Income before Income Taxes		Specified Quarter			253,231				315,396				-19.71	%			233,744				8.34	%
		Cumulative			568,627				315,396				—				519,808				9.39	%
Net Income**		Specified Quarter			192,760				249,359				-22.70	%			200,034				-3.64	%
		Cumulative			442,119				249,359				—				423,691				4.35	%

 

*	Represents the sum of interest income, fees and commissions revenues, and other operating revenues

**	Represents net income for the period.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: August 3, 2011