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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 May 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 þ                    Form 40-F o
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): o
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): o
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 o                    No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .
 
 

 

 

Shinhan Financial Group 2011 1Q Operating Results
     On May 4, 2011, Shinhan Financial Group held an earning release conference for 2011 1Q, which was also aired through a live web-cast and conference call. Below are the key figures we announced through a fair disclosure. The full IR presentation material and an audio recording of our web-cast and conference call 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 auditors, contents are subject to change in the due course of the reviewing process.
1. Operating Results of Shinhan Financial Group (consolidated)
                                             
(KRW million)
                                             
                        QoQ           YoY
                        Change           Change
Item   1Q 2011   4Q 2010   (%)   1Q 2010   (%)
Revenue*
   Specified Quarter     8,696,471       7,534,774       15.42       8,955,667       -2.89  
  Cumulative     8,696,471       34,027,182       —       —       —  
Operating Income
   Specified Quarter     1,257,227       550,280       128.47       1,263,757       -0.52  
  Cumulative     1,257,227       3,414,483       —       —       —  
Income before Income Taxes
   Specified Quarter     1,270,051       557,362       127.87       1,265,499       0.36  
  Cumulative     1,270,051       3,429,805       —       —       —  
Net Income**
   Specified Quarter     924,320       585,403       57.89       917,506       0.74  
  Cumulative     924,320       2,684,589       —       —       —  
 
*   Represents the sum of interest income, fees and commissions revenues, and other operating revenues
 
**   Represents profits attributable to controlling interest.

 

 

2. Operating Results of Shinhan Bank (consolidated)
                                             
(KRW million)
                                             
                        QoQ           YoY
                        Change           Change
Item   1Q 2011   4Q 2010   (%)   1Q 2010   (%)
Revenue*
   Specified Quarter     5,591,704       4,700,042       18.97       6,401,943       -12.66  
  Cumulative     5,591,704       23,340,146       —       —       —  
Operating Income
   Specified Quarter     818,503       256,740       218.81       847,848       -3.46  
  Cumulative     818,503       2,037,926       —       —       —  
Income before Income Taxes
   Specified Quarter     828,227       260,750       217.63       850,489       -2.62  
  Cumulative     828,227       2,050,434       —       —       —  
Net Income**
   Specified Quarter     647,128       221,268       192.46       656,353       -1.41  
  Cumulative     647,128       1,670,049       —       —       —  
 
*   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)
                                             
                        QoQ           YoY
                        Change           Change
Item   1Q 2011   4Q 2010   (%)   1Q 2010   (%)
Revenue*
   Specified Quarter     1,121,304       997,513       12.41       1,149,203       -2.43  
  Cumulative     1,121,304       4,263,974       —       —       —  
Operating Income
   Specified Quarter     315,398       224,553       40.46       286,198       10.20  
  Cumulative     315,398       1,033,355       —       —       —  
Income before Income Taxes
   Specified Quarter     315,398       224,527       40.47       286,064       10.25  
  Cumulative     315,398       1,033,101       —       —       —  
Net Income**
   Specified Quarter     249,361       370,566       -32.71       223,657       11.49  
  Cumulative     249,361       990,393       —       —       —  
 
*   Represents the sum of interest income, fees and commissions revenues, and other operating revenues
 
**   Represents profits attributable to controlling interest.

 

 

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.
         
    SHINHAN FINANCIAL GROUP CO., LTD.
 		  
     /s/ Jung Kee Min    
    Name:   Jung Kee Min   
    Title:   Chief Financial Officer   
 
Date: May 4, 2011