← SHINHAN FINANCIAL GROUP CO LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $1.8t | $1.8t | $2.6t | $2.6t | — | — | — | — | — | — | |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | |
| Property, Plant and Equipment, Net | $3.1t | $3.0t | $3.0t | $4.1t | $4.0t | $4.0t | $4.0t | $4.0t | $4.2t | $4.2t | |
| Goodwill | $3.9t | $3.9t | $3.9t | $4.7t | $4.7t | $4.7t | $4.7t | $4.7t | $4.7t | — | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | — | — | — | — | |
| Intangible assets (Notes 15) | $4.2t | $4.3t | $4.3t | $5.6t | $5.5t | $5.6t | $5.8t | $6.2t | $6.1t | $5.9t | |
| Other assets (Notes 5, 13, 18 and 20) | $18.2t | $16.6t | $21.6t | $27.9t | $32.2t | $36.0t | $34.5t | $29.9t | $26.4t | $46.5t | |
| Additional Financial Items | |||||||||||
| Deferred Tax Assets | $641.1b | $592.3b | $427.0b | $218.3b | $215.3b | $134.9b | $1.1t | $153.7b | $205.5b | — | |
| Investment Property | $353.2b | $418.3b | $474.8b | $488.6b | $615.2b | $675.4b | $363.1b | $257.8b | $327.7b | — | |
| Issued Capital | $2.6t | $2.6t | $2.6t | $2.7t | $3.0t | $3.0t | $3.0t | $3.0t | $3.0t | — | |
| Unused Tax Losses For Which No Deferred Tax Asset Recognised | $99.4b | $99.4b | $99.4b | $0 | — | — | $114.4b | $105.2b | $102.9b | — | |
| Cash and due from banks at amortized cost (Notes 5,9,13 and 20) | — | — | $17.3t | $28.4t | $33.4t | $28.5t | $29.5t | $34.6t | $40.5t | $39.7t | |
| Financial assets at fair value through profit or loss (Notes 5, 10 and 20) | — | — | $43.5t | $53.2t | $59.1t | $62.4t | $56.6t | $71.2t | $72.1t | $78.1t | |
| Derivative assets (Notes 5 and 11) | $3.0t | $3.4t | $1.8t | $2.8t | $5.6t | $3.8t | $6.5t | $4.7t | $10.3t | $7.2t | |
| Securities at fair value through other comprehensive income (Notes 5, 12 and 20) | — | — | $38.3t | $59.4t | $58.3t | $64.8t | $63.7t | $90.3t | $93.8t | $103.2t | |
| Securities at amortized cost (Notes 5, 12 and 20) | — | — | $28.5t | $45.6t | $47.3t | $49.9t | $58.0t | $35.7t | $33.3t | $31.9t | |
| Loans at amortized cost (Notes 5, 13 and 20) | — | — | $299.6t | $323.2t | $356.2t | $389.1t | $412.3t | $411.7t | $449.3t | $464.8t | |
| Investments in associates (Notes 16) | $353.6b | $631.3b | $671.3b | $1.5t | $2.7t | $2.9t | $2.9t | $2.7t | $2.8t | $2.6t | |
| Current tax assets | $12.6b | $25.0b | $45.1b | $88.4b | $51.9b | $15.2b | $26.3b | $30.6b | $54.7b | $68.6b | |
| Deferred tax assets (Notes 46) | $641.1b | $592.3b | $427.0b | $218.3b | $215.3b | $134.9b | $1.1t | $153.7b | $205.5b | $209.7b | |
| Investment property (Notes 17) | $353.2b | $418.3b | $474.8b | $488.6b | $615.2b | $675.4b | $363.1b | $257.8b | $327.7b | $611.6b | |
| Net defined benefit assets (Notes 27) | — | — | $0 | $1.7b | $18.4b | $142.0b | $619.7b | $114.4b | $155.7b | $353.1b | |
| Insurance contract assets (Notes 29) | — | — | — | — | — | — | $0 | $10.7b | $5.6b | $760.0m | |
| Reinsurance contract assets (Notes 29) | — | — | — | — | — | — | $88.8b | $88.4b | $184.8b | $603.4b | |
| Assets held for sale | $4.9b | $7.5b | $7.6b | $25.2b | $54.4b | $44.4b | $29.2b | $36.4b | $29.6b | $71.2b | |
| Deposits (Notes 5 and 22) | $235.1t | $249.4t | $265.0t | $294.9t | $326.4t | $364.9t | $383.0t | $381.5t | $422.8t | $447.6t | |
| Financial liabilities at fair value through profit or loss (Notes 5 and 23) | — | — | $1.4t | $1.6t | $1.4t | $1.4t | $1.1t | $1.9t | $954.9b | $2.3t | |
| Financial liabilities designated at fair value through profit or loss (Notes 5 and 24) | $9.2t | $8.3t | $8.5t | $9.4t | $8.5t | $8.0t | $8.4t | $7.8t | $8.2t | $6.4t | |
| Derivative liabilities (Notes 5 and 11) | $3.5t | $3.5t | $2.4t | $2.3t | $5.0t | $3.6t | $7.7t | $5.0t | $10.1t | $7.0t | |
| Borrowings (Notes 5 and 25) | $25.3t | $27.6t | $29.8t | $34.9t | $41.6t | $43.2t | $49.3t | $56.9t | $49.9t | $55.4t | |
| Debt securities issued (Notes 5 and 26) | $44.3t | $51.3t | $63.2t | $75.4t | $75.1t | $80.1t | $77.3t | $81.6t | $93.8t | $93.0t | |
| Net defined benefit liabilities (Notes 27) | $130.9b | $7.1b | $127.3b | $121.1b | $62.5b | $51.2b | $14.7b | $67.6b | $39.0b | $17.8b | |
| Provisions (Notes 28) | $728.9b | $429.0b | $508.4b | $557.0b | $804.7b | $1.2t | $1.3t | $1.4t | $1.3t | $1.4t | |
| Current tax liabilities | $272.7b | $348.8b | $430.3b | $512.8b | $389.6b | $702.7b | $702.1b | $92.3b | $203.1b | $763.4b | |
| Insurance contract liabilities (Notes 29) | — | — | — | — | — | — | $45.9t | $48.3t | $51.1t | $50.5t | |
| Reinsurance contract liabilities (Notes 29) | — | — | — | — | — | — | $62.8b | $93.2b | $98.1b | $56.4b | |
| Investment contract liabilities (Notes 5 and 31) | — | — | — | — | — | — | $2.1t | $1.6t | $1.2t | $1.5t | |
| Other liabilities (Notes 5 and 32) | $20.9t | $25.3t | $25.2t | $38.2t | $45.5t | $41.0t | $41.5t | $48.7t | $40.9t | $59.2t | |
| Liabilities held for sale (Notes 21) | — | — | — | — | — | — | — | — | $0 | $1.5b | |
| Hybrid bonds | $498.3b | $423.9b | $1.5t | $1.7t | $2.2t | $3.3t | $4.2t | $4.0t | $4.6t | $4.7t | |
| Capital surplus | $9.9t | $9.9t | $9.9t | $10.6t | $12.2t | $12.1t | $12.1t | $12.1t | $12.1t | $12.1t | |
| Capital adjustments | ($458.5b) | ($398.0b) | ($552.9b) | ($1.1t) | ($687.9b) | ($664.4b) | ($582.9b) | ($658.7b) | ($807.1b) | ($1.2t) | |
| Total equity attributable to equity holders of Shinhan Financial Group Co., Ltd. | $31.1t | $32.8t | $35.7t | $39.2t | $44.1t | $47.3t | $48.4t | $53.7t | $56.1t | $58.0t | |
| Total equity | $31.7t | $33.7t | $36.7t | $41.9t | $46.4t | $49.5t | $51.1t | $56.3t | $58.8t | $60.4t | |
| Total Assets | $395.7t | $426.3t | $459.6t | $552.4t | $605.2t | $648.2t | $675.9t | $691.8t | $739.8t | $786.0t | |
| LIABILITIES AND EQUITY | |||||||||||
| Deferred Tax Liability Asset | $630.4b | $582.6b | $404.9b | ($233.3b) | ($364.3b) | ($41.1b) | $882.4b | ($388.9b) | ($218.3b) | — | |
| Increase Decrease Through Business Combinations Deferred Tax Liability Asset | $0 | $0 | — | ($343.6b) | $2.9b | $0 | — | — | — | — | |
| Long-term Debt | — | — | — | — | — | — | — | — | — | — | |
| Deferred tax liabilities (Notes 46) | $10.6b | $9.7b | $22.0b | $451.6b | $579.7b | $175.9b | $170.0b | $542.6b | $423.8b | $446.8b | |
| Deferred Tax Liabilities, Net | $10.6b | $9.7b | $22.0b | $451.6b | $579.7b | $175.9b | $170.0b | $542.6b | $423.8b | — | |
| Total Liabilities | $363.9t | $392.6t | $422.9t | $510.5t | $558.9t | $598.6t | $624.8t | $635.5t | $680.9t | $725.6t | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $274.1b | $274.1b | $274.1b | $361.5b | $361.5b | — | — | — | — | — | |
| Common Stock, Value, Issued | $2.4t | $2.4t | $2.4t | $2.4t | $2.6t | — | — | — | — | — | |
| Additional Paid in Capital | — | — | — | — | $1.4t | — | — | — | — | — | |
| Retained Earnings (Accumulated Deficit) | $18.6t | $20.8t | $23.0t | $25.5t | $27.8t | $30.5t | $33.3t | $36.4t | $39.0t | $41.8t | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | — | — | — | — | — | |
| Capital stock | $2.6t | $2.6t | $2.6t | $2.7t | $3.0t | $3.0t | $3.0t | $3.0t | $3.0t | $3.0t | |
| Accumulated other comprehensive loss | ($102.6b) | ($529.7b) | ($753.2b) | ($260.2b) | ($404.2b) | ($984.9b) | ($3.6t) | ($1.1t) | ($1.8t) | ($2.5t) | |
| Stockholders' Equity Attributable to Parent | — | — | — | — | — | — | — | — | — | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | — | |
| Noncontrolling Interests | $635.3b | $883.4b | $925.8b | $2.8t | $2.3t | $2.2t | $2.7t | $2.6t | $2.8t | $2.4t | |
| Liabilities and Equity | — | — | — | — | — | — | — | — | — | — | |
| Total liabilities and equity | $395.7t | $426.3t | $459.6t | $552.4t | $605.2t | $648.2t | $675.9t | $691.8t | $739.8t | $786.0t |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.