Shinhan Financial Group Co Ltd (SHG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. My name is Park Chor-woo, and I'm in charge of IAR. Thank you for attending the 2nd quarter business performance announcement in 2025. Today's performance announcement includes the Group CFO, Cheon Sang-hyun, Group CSO, Group CRO, Shinhan Bank CFO, Shinhan Card CFO, Shinhan Investment CFO, and Shinhan Life CFO, Joo Sung-won. Hello, I would like to thank everyone who participated in the 2nd quarter performance announcement in 2025. I would like to start by explaining the highlights of the 2nd quarter performance on page 2. At the end of June of 2025, the CT1 ratio of the group was temporarily increased to 13.59%, which was improved by 32BP compared to the previous quarter. This is a result of the rapid growth of the group, the effect of the exchange rate decline, and efficient RWA management efforts. Today, the board of directors agreed on a 570 won per week cash payment and an 8 billion won of self-reward based on a stable CT1 ratio. 6.5 billion won will be raised in the second half of this year, and the remaining 2.5 billion won will be raised in January next year, and we will continue to pursue a year-round self-sufficiency policy. The total amount of 2.5 billion won will be raised in the first half of this year, including 6.5 billion won in the second half of this year, including 6.5 billion won in the second half of this year. The short-term net profit of the 2nd quarter of 2025, despite the increase in cash flow costs, has increased by 4.1% compared to the previous quarter through the improvement of the interest rate. The business interest rate has maintained a stable level, but the cash flow costs have increased significantly due to delay in recovery. Next is the 3-page capital. As I mentioned earlier, the group's CET-1 ratio has been improved ...