Shinhan Financial Group on Friday said its third-quarter net profit rose by almost 4 percent from a year earlier on increased interest income.Its net profit reached 1.24 trillion won (US$894 million) in the July-September period, up 3.9 percent from the same period last year, the company said in a regulatory filing.The net profit was below the market estimate of 1.34 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.Operating profit for the third quarter rose 5.07 percent on-year to 1.79 trillion won. Revenue sank 30 percent to 11.62 trillion won over the cited period.In the first three quarters of the year, Shinhan Financial racked up 3.98 trillion won in net profit, up 4.4 percent from a year earlier.Its interest income rose 3.3 percent on-year to 2.85 trillion won in the third quarter, with its non-interest income down 9.4 percent to 828 billion won over the cited period.The group's net interest margin, the difference between interest received and paid, came to 1.9 percent in the third quarter, down from 1.99 percent a year earlier.Source: Yonhap News Agency
- October 12, 2026
