Pillar III
Capital Disclosures
SHINHAN FINANCIAL GROUP 4Q 2023 REPORT
Table of Contents
Ⅰ. | BIS-based Capital Disclosure | 03 |
Ⅱ. | Consolidated Statement of Financial Position linked to Equity Items | 05 |
(Accounting and Supervisory Purposes) | ||
Ⅲ. | Main features of Capital Instruments | 07 |
Ⅳ. | Group Capital Adequacy Assessment Method | 14 |
Ⅴ. | Risk-Weighted Assets and Required Capital by Risk | 14 |
Ⅰ.BIS-based Capital Disclosure
(Unit: KRW Billion)
Common Equity Tier 1 capital: instruments and reserves
1 Directly issued qualifying common share (and equivalent for non-joint stock companies) capital plus related stock surplus
2 Retained earnings
3 Accumulated other comprehensive income (and other reserves)
4 Directly issued capital subject to phase-out from CET1 (only applicable to non-joint stock companies)
5 Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1)
6 Common Equity Tier1 capital before regulatory adjustments
Common Equity Tier 1 capital: regulatory adjustments
7
8
Prudent valuation adjustments Goodwill (net of related tax liability)
9
Other intangibles other than mortgage servicing rights (net of related tax liability)
10
Deferred tax assets that rely on future profitability, excluding those arising from temporary differences (net of related tax liability)
11
Cash flow hedge reserve
12
13
Shortfall of provisions to expected losses Securitisation gain on sale
14
15
Gains and losses due to changes in own credit risk on fair valued liabilities Defined benefit pension fund net assets
16
17
Investments in own shares (if not already subtracted from paid-in capital on reported balance sheet) Reciprocal cross-holdings in common equity
18
Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, where the bank does not own more than 10% of the issued share capital (amount above 10% threshold)
19
Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation (amount above 10% threshold)
20
Mortgage servicing rights (amount above 10% threshold)
21
22
Deferred tax assets arising from temporary differences (amount above 10% threshold, net of related tax liability) Amount exceeding the 15% threshold
23
Of which: significant investments in the common stock of financials
24
Of which: mortgage servicing rights
25
Of which: deferred tax assets arising from temporary differences
26
National specific regulatory adjustments
27
28
Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions Total regulatory adjustments to Common Equity Tier 1
29
Common Equity Tier 1 capital (CET1)
Additional Tier 1 capital: instruments
30
Directly issued qualifying additional Tier 1 instruments plus related stock surplus
31
Of which: classified as equity under applicable accounting standards
32
Of which: classified as liabilities under applicable accounting standards
33
Directly issued capital instruments subject to phase-out from additional Tier 1
34
Additional Tier 1 instruments (and CET1 instruments not included in row 5) issued by subsidiaries and held by third parties (amount allowed in group AT1)
35
36
Of which: instruments issued by subsidiaries subject to phase-out Additional Tier 1 capital before regulatory adjustments
Additional Tier 1 capital: regulatory adjustments
37 38 39
Investments in own additional Tier 1 instruments Reciprocal cross-holdings in additional Tier 1 instruments
Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)
40
Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation
41
National specific regulatory adjustments
42
43
Regulatory adjustments applied to additional Tier 1 due to insufficient Tier 2 to cover deductions Total regulatory adjustments to additional Tier 1 capital
44
Additional Tier 1 capital (AT1)
45
Tier 1 capital (T1 = CET1 + AT1)
(Unit: KRW Billion)
46 Directly issued qualifying Tier 2 instruments plus related stock surplus
47 Directly issued capital instruments subject to phase-out from Tier 2
48 49
Tier 2 instruments (and CET1 and AT1 instruments not included in rows 5 or 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2)
Of which: instruments issued by subsidiaries subject to phase-out
50 Provisions
51 Tier 2 capital before regulatory adjustments Tier 2 capital: regulatory adjustments
52 Investments in own Tier 2 instruments
53 Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities
Investments in the capital and other TLAC liabilities of banking, financial and insurance entities that are outside the scope of
54 regulatory consolidation, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold)
Investments in the other TLAC liabilities of banking, financial and insurance entities that are outside the scope of regulatory 54a consolidation and where the bank does not own more than 10% of the issued common share capital of the entity: amount previously designated for the 5% threshold but that no longer meets the conditions (for G-SIBs only)
55
Significant investments in the capital and other TLAC liabilities of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions)
56
National specific regulatory adjustments
57
58
Total regulatory adjustments to Tier 2 capital Tier 2 capital (T2)
59
60
Total regulatory capital (TC = T1 + T2) Total risk-weighted assets
Capital Ratios and Buffers
61 Common Equity Tier 1 (as a percentage of risk-weighted assets)
62 Tier 1 (as a percentage of risk-weighted assets)
63 Total capital (as a percentage of risk-weighted assets)
64
Institution-specific buffer requirement (capital conservation buffer plus countercyclical buffer requirements plus higher loss absorbency requirement, expressed as a percentage of risk-weighted assets)
65
Of which: capital conservation buffer requirement
66
Of which: bank-specific countercyclical buffer requirement
67
Of which: bank G-SIB/D-SIB additional requirement
68
Common Equity Tier 1 (as a percentage of risk-weighted assets) available after meeting the bank's minimum capital requirements
National minima (if different from Basel III)
69 National Common Equity Tier 1 minimum ratio (if different from Basel III minimum)
70 National Tier 1 minimum ratio (if different from Basel III minimum)
71 National total capital minimum ratio (if different from Basel III minimum)
Amounts below the thresholds for deduction (before risk weighting)
72 Non-significant investments in the capital and other TLAC liabilities of other financial entities
73 Significant investments in the common stock of financial entities
74 Mortgage servicing rights (net of related tax liability)
75 Deferred tax assets arising from temporary differences (net of related tax liability)
Applicable caps on the inclusion of provisions in Tier 2
76 Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardized approach (prior to application of cap)
77 Cap on inclusion of provisions in Tier 2 under standardised approach Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach
(prior to application of cap)
7789 Cap for inclusion of provisions in Tier 2 under internal ratings-based approach
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)
80 Current cap on CET1 instruments subject to phase-out arrangements
81 Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities)
82 Current cap on AT1 instruments subject to phase-out arrangements
83 Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)
84 Current cap on T2 instruments subject to phase-out arrangements
85 Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)
Ⅱ. Consolidated Statement of Financial Position linked to Equity Items
(Accounting and Supervisory Purposes)
(Unit: KRW Billion)
Title of AccountConsolidated B/S for Accounting
PurposesConsolidated B/S for Supervisory
PurposesReference
A. Assets
691,795
638,773
1 Cash and due from banks at amortized cost
2 Due from banks at fair value through profit or loss
3 Securities at fair value through profit or loss
4 Financial assets designated at fair value through profit or loss
5 Derivative assets
6 Loans at amortized cost
Provisions
(Amount recognised in Tier 2 capital)
7 Due from banks at fair value through profit or loss
8 Securities at fair value through other comprehensive income
9 Securities at amortised cost
10 Property and equipment, net
11 Intangible assets
Goodwill
Other intangible assets
12 Investment Using Equity Method
13 Deferred tax assets
14 Current tax receivable
15 Investment property
16 Other assets
17 Assets held for sale
34,629 31 69,427
32,897 - 58,297
-
-
4,711
4,668
411,740
407,444
-4,330 -
-4,287
1,382
A
1,759
1,751
90,312
54,684
35,686
31,048
3,972
3,786
6,218
5,149
4,677
1,541
3,855
1,294
B C
2,692
9,589
154
160
31
47
258
243
29,926
28,682
36
36
B. Liabilities
635,473
18 Deposits
19 Financial liabilities at fair value through profit or loss
20 Financial liabilities designated at fair value through profit or loss
Finance debit valuation adjustment
21 Derivative liabilities
Finance debit valuation adjustment
22 Borrowings
23 Debt securities issued
Subordinated Corporate Bond (group)
Amount recognised in Tier 2 capital
Subordinated Corporate Bond (Bank)
Amount recognised in Tier 2 capital
24 Net defined benefit liabilities
25 Provisions
26 Deferred tax liabilities
27 Liabilities under insurance contracts
28 Other Liabilities
29 Current tax payable
30 Liabilities held for sale
381,513
1,869
582,770381,754 1,869
7,797
7,797
-
-99
D
5,038 -
4,854 -
E
56,901
55,859
81,562
81,322
597 - - -
597
128
F
5,084
2,139
G
68
16
1,370
1,282
48,333
543
-441 -
48,722
48,294
92 -
163 -(Unit: KRW Billion)
for Accounting | ||||
Purposes | ||||
56,322 | ||||
31 | Common stock | 2,970 | ||
Amount recognised in Common Equity Tier1 capital | - | 2,970 | H | |
Amount not recognised as capital | - | - | ||
32 | Hybrid bonds | 4,002 | 4,002 | |
Amount recognised in Tier 1 capital | - | 4,002 | I | |
33 | Capital surplus | 12,095 | 12,095 | |
Amount recognised in Common Equity Tier1 capital | - | 11,353 | ||
Capital Surplus related to Common Equity | - | 11,353 | J | |
Other Capital Surplus | - | 742 | K | |
Amount recognised in Tier 1 capital | - | - | ||
Amount not recognised as capital | - | - | ||
34 | Capital adjustment | -659 | -659 | L |
35 | Accumulated other comprehensive loss | -1,074 | -1,074 | M |
Net loss from cash flow hedges | - | -35 | N | |
36 | Retained earings | 36,387 | 36,387 | O |
Regulatory reserve for loan losses | - | - | P | |
37 | Noncontrolling interests | 2,601 | 2,601 | |
Amount recognised in Common Equity Tier1 capital | - | 50 | Q | |
Amount recognised in Tier 1 capital | - | 1,117 | R |
Title of AccountConsolidated B/SConsolidated B/S for Supervisory
PurposesReference
C. Equity
56,0032,970
Note 1) Consolidated scope for accounting purposes: Based on K-IFRS consolidated financial statements
2) Scope of consolidation for supervisory purposes: Excluding parts of insurance companies and mixed trusts that do not have a principal preservation agreement from the scope of consolidation for accounting purposes
(The Regulations of Financial Holding Company Supervision Regulations
)Ⅲ. Main features of Issuance of Capital Instruments
(Unit: KRW Billion)
Transitional Basel III rules
4
Post transitional Basel III rules Eligible at solo / group / group & solo Instrument type
5
Transitional Basel III rules Post transitional Basel III rules Eligible at solo / group / group & solo Instrument type
6
Transitional Basel III rules Post transitional Basel III rules Eligible at solo / group / group & solo Instrument type
Shinhan Financial
GroupShinhan Financial G roupAdditional Tier 1
CapitalAdditional Tier 1
CapitalShinhan Financial
GroupAdditional Tier 1
CapitalAdditional Tier 1
CapitalShinhan Financial
GroupAdditional Tier 1
CapitalAdditional Tier 1
CapitalShinhan Financial
Group
7
Transitional Basel III rules Post transitional Basel III rules Eligible at solo / group / group & solo Instrument type
StockBasel 3 Compliant Additional Tier1
CapitalBasel 3 Compliant Additional Tier1
CapitalBasel 3 Compliant Additional Tier1
CapitalBasel 3 Compliant Additional Tier1
Capital
8 Amount recognized in regulatory capital (KRW Bn.)
9 Par value of instrument (KRW Bn.)
2,695.59 2,695.59
199.46 200.00
89.78 90.00
14.95 15.00
199.48 200.00
10 Accounting classification
11 Original date of Issuance
12 Perpetual or Dated
Equity - Perpetual
Equity 2015-06-25
Dated
Equity 2017-09-15 Perpetual
Equity 2018-04-13 Perpetual
Equity 2019-06-28 Perpetual
13
Original maturity date
-
2045-06-25
-
-
-
14 Issuer call subject to prior supervisory approval
No
Yes
Yes
Yes
Yes
15
Optional call date, contingent call dates and redemption amount
16
Subsequent call dates, if applicable
--
Call Date : 2025-06-25 Amount: at Par Date after 10 years from the date of issuance
Call Date : 2027-09-15 Amount: at Par Every 3 months from 10 years of issuance
Call Date : 2023-04-13 Amount: at Par Every 3 months fro m 5 years of issuan ce
Call Date : 2024-06-28 Amount: at Par Every 3 months fro m 5 years of issuan ce
Coupons / Dividends
17 Fixed or floating dividend / coupon
Fixed
Fixed
Fixed
18 Coupon rate and any related index
19 Existence of a dividend stopper
20 Fully discretionary, partially discretionary or mandatory
Within the limit of dividend available
21 Existence of step up or other incentive to redeem
22 Noncumulative or cumulative
23 Convertible or non-convertible
None Noncumulative -
None Noncumulative -
None Noncumulative -
None Noncumulative -
None Noncumulative -
24 If convertible, conversion trigger
-
-
-
-
-
25 If convertible, fully or partially
-
-
-
-
-
26 If convertible, conversion rate
-
-
-
-
-
27 If convertible, mandatory or optional conversion
28 If convertible, specify instrument type convertible into
29 If convertible, specify issuer of instrument it converts into
30 Write-down feature
31 If write-down, write-down trigger
- - - -
-
- - - Included Designated as an insolvent financial institution
- - - Included Designated as an insolvent financial institution
- - - Included Designated as an insolvent financial institution
- - - Included Designated as an insolvent financial institution
32 If write-down, full or partial
33 If write-down, permanent or temporary
34 If temporary write-down, description of write-up mechanism
- - -
Full Permanent -
Full Permanent -
Full Permanent -
Full Permanent -
35 Previously Senior Securities(the security column number)
Basel 3 Compliant Ad ditional Tier1 Capital
(2~15,19~26, 43)
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46)
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46)
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46)
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46)
36 Basel III Non-compliant transitioned features
37 If non-compliant, specify non-compliant features
Compliant -Compliant -Compliant -Compliant -Compliant -
Note1) If the Bank is designated as an insolvent financial institution in accordance with the 「Act on Structural Improvement of the Financial Industry」,
the debentures are permanently amortized in full.
Amortization of this bond is not considered a cause for default.
6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 |
Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Gro up | Shinhan Financial Gro up |
KR6055551A91 | KR6055551B33 | KR6055551B32 | Rule 144A Notes: US824596AA84 Regualtion S Notes: USY7749XAY77 | KR6055551C16 | KR6055552C15 | KR6055553C89 | KR6055554C88 |
- Commercial Law - Financial Holding Companies Act | - Commercial Law - Financial Holding Companies Act | - Commercial Law - Financial Holding Companies Act |
OC) | - Commercial Law - Financial Holding Companies Act | - Commercial Law - Financial Holding Companies Act | - Commercial Law - Financial Holding C ompanies Act | - Commercial Law - Financial Holding C ompanies Act |
Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital |
Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital |
Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group |
Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital |
448.70 | 429.01 | 169.58 | 556.01 | 560.44 | 37.85 | 343.03 | 55.80 |
450.00 | 430.00 | 170.00 | USD 0.5 | 562.00 | 38.00 | 344.00 | 56.00 |
Equity | Equity | Equity | Equity | Equity | Equity | Equity | Equity |
2020-09-17 | 2021-03-16 | 2021-03-16 | 2021-05-12 | 2022-01-25 | 2022-01-25 | 2022-08-26 | 2022-08-26 |
Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
- | - | - | - | - | - | - | - |
Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Call Date : 2025-09-17 Amount: at Par | Call Date : 2026-03-16 Amount: at Par | Call Date : 2031-03-16 Amount: at Par | Call Date : 2026-05-12 Amount: at Par | Call Date : 2027-01-25 Amount: at Par | Call Date : 2032-01-25 Amount: at Par | Call Date : 2027-08-26 Amount: at Par | Call Date : 2029-08-26 Amount: at Par |
Every 3 months from 5 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 10 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 10 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 7years of issuance |
Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
3.12% | 2.94% | 3.30% | 2.88% | 3.90% | 4.00% | 4.93% | 5.15% |
- | - | - | - | - | - | - | - |
Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary |
None | None | None | None | None | None | None | None |
Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
Included | Included | Included | Included | Included | Included | Included | Included |
Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an ins olvent financial insti tution | Designated as an ins olvent financial insti tution | Designated as an insol vent financial instituti on | Designated as an insol vent financial instituti on |
Full | Full | Full | Full | Full | Full | Full | Full |
Permanent | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
- | - | - | - | - | - | - | - |
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant Sub ordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant Sub ordinated Debt (16, 27~41, 44~46) |
Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant |
- | - | - | - | - | - | - | - |
Note1) If the Bank is designated as an insolvent financial institution in accordance with the 「Act on Structural Improvement of the Financial Industry」,
the debentures are permanently amortized in full.
Amortization of this bond is not considered a cause for default.
14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 |
Shinhan Financial Gr oup | Shinhan Financial Group | Shinhan Financial Group | Shinhan Bank (Cambodia) PLC. | PT BankShinhan Indonesia | Shinhan Bank | Shinhan Bank | Shinhan Bank |
KR6055551D15 | KR6055551D72 | Rule 144A Notes: US82460P2A28 Regualtion S Notes: US82460Q2A00 | - | - | KR600001A762 | KR6000016925 | KR6000011A26 |
- Commercial Law - Financial Holding Companies Act | - Commercial Law - Financial Holding Companies Act |
OC) | - Commercial Law - Banking Act - The Laws of Camb odia | - Commercial Law - Banking Act - the Laws of Indone sia | -Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act |
Additional Tier 1 Capital | Additional Tier 1 Capital | Tier2 | Common Equity Tier 1 Capital | Common Equity Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital |
Additional Tier 1 Capital | Additional Tier 1 Capital | Tier2 | Common Equity Tier 1 Capital | Common Equity Tier 1 Capital | Eligible Equity Capital | Eligible Equity Capital | Eligible Equity Capital |
Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank |
Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Tier2 Subordinated Debt | Stock | Stock | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital |
398.83 | 498.81 | 128.19 | - | - | 38.01 | 162.89 | 130.31 |
400.00 | 500.00 | USD 0.5 | 5.34 | 0.82 | 70.00 | 300.00 | 240.00 |
Equity | Equity | Liability at amortized cost | Non-controlling Shareholder of Consolidated Subsidiaries | Non-controlling Shareholder of Consolidated Subsidiaries | Equity | Equity | Equity |
2023-01-30 | 2023-07-13 | 2019-08-05 | - | - | 2017-06-29 | 2019-02-25 | 2020-02-25 |
Perpetual | Perpetual | Dated | Perpetual | Perpetual | Perpetual | Perpetual | Perpetual |
- | - | 2030-02-05 | - | - | - | - | - |
Yes | Yes | Yes | - | - | Yes | Yes | Yes |
Call Date : 2028-01-30 Amount: at Par | Call Date : 2028-07-13 Amount: at Par | Call Date : 2025-02-05 Amount: at Par | - | - | Call Date : 2027-06-29 Amount : at Par | Call Date : 2024-02-25 Amount : at Par | Call Date : 2025-02-25 Amount : at Par |
Every 3 months from 7years of issuance | Every 3 months from 5years of issuance | - | - | - | Every 3 months from 10 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 5 years of issuance |
Fixed | Fixed | Fixed | Floating Dividend | Floating Dividend | Fixed | Fixed | Fixed |
5.14% | 5.40% | 3.34% | Within the limit of Dividend Payable | Within the limit of Dividend Payable | 3.81% | 3.30% | 2.88% |
- | - | - | - | - | - | - | - |
Fully discretionary | Fully discretionary | Mandatory | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary |
None | None | None | None | None | None | None | None |
Noncumulative | Noncumulative | Cumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
Included | Included | Included | - | - | Included | Included | Included |
Designated as an ins olvent financial insti tution | Designated as an ins olvent financial insti tution | Designated as an insolvent financial institution | - | - | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution |
Full | Full | Full | - | - | Full | Full | Full |
Permanent | Permanent | Permanent | - | - | Permanent | Permanent | Permanent |
- | - | - | - | - | - | - | - |
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Senior Debt | Basel 3 Compliant A dditional Tier1 Capit al(2~15,19~26,43) | Basel 3 Compliant A dditional Tier1 Capit al(2~15,19~26,43) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant Sub ordinated Debt (16, 27~41, 44~46) |
Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant |
- | - | - | - | - | - | - | - |
Every 3 months from 5
Note1) If the Bank is designated as an insolvent financial institution in accordance with the 「Act on Structural Improvement of the Financial Industry」,
the debentures are permanently amortized in full.
Amortization of this bond is not considered a cause for default.
22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 |
Shinhan Bank | Shinhan Bank | Shinhan Bank | Shinhan Bank | Shinhan Bank | Shinhan Bank | Shinhan Bank | Shinhan Bank |
KR6000012A25 | KR6000012AB3 | KR6000012C56 | KR6000014CA7 | KR6000011D31 | KR6000011546 | KR60000115C6 | Rule 144A Notes: US82460CAJ36 Regulation S Notes: U S82460EAJ91 |
-Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act | -Commercial Law -Banking Act | - Commercial Law - Banking Act - Law of New York(O C) |
Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Additional Tier 1 Capital | Tier2 | Tier2 | Tier2 |
Eligible Equity Capital | Eligible Equity Capital | Eligible Equity Capit al | Eligible Equity Capit al | Eligible Equity Capital | Non-elgible Equity Capital | Eligible Equity Capital | Eligible Equity Capital |
Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank | Shinhan Financial Group Shinhan Bank |
Basel 3 Compliant A dditional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Additional Tier1 Capital | Basel 3 Compliant Tier2 Subordinated Debt | Basel 3 Compliant Tier2 Subordinated D ebt | Basel 3 Compliant Tier2 Subordinated D ebt |
27.15 | 162.89 | 175.38 | 168.32 | 217.19 | 36.08 | 36.08 | 155.06 |
50.00 | 300.00 | 323.00 | 310.00 | 400.00 | 300.00 | 300.00 | USD 0.5 |
Equity | Equity | Equity | Equity | Equity | Liability at amortized cost | Liability at amortized cost | Liability at amortized cost |
2020-02-25 | 2020-11-05 | 2022-05-03 | 2022-10-17 | 2023-03-07 | 2015-04-17 | 2015-12-04 | 2016-03-24 |
Perpetual | Perpetual | Perpetual | Perpetual | Perpetual | Dated | Dated | Dated |
- | - | - | - | - | 2025-04-17 | 2025-12-04 | 2026-03-24 |
Yes | Yes | Yes | Yes | Yes | - | - | - |
Call Date : 2030-02-25 Amount : at Par | Call Date : 2025-11-05 Amount : at Par | Call Date : 2027-05-03 Amount : at Par | Call Date : 2027-10-17 Amount : at Par | Call Date : 2028-03-07 Amount : at Par | - | - | - |
Every 3 months from 10 years of issuance | Every 3 months from 5 years of issuance | Every Interest Payme nt Date from 5 years of issuance | Every 3 months from 5 years of issuance | Every 3 months from 5 years of issuance | - | - | - |
Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
3.08% | 2.87% | 4.50% | 5.70% | 4.63% | 2.72% | 3.01% | 3.88% |
- | - | - | - | - | - | - | - |
Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Fully discretionary | Mandatory | Mandatory | Mandatory |
None | None | None | None | None | None | None | None |
Noncumulative | Noncumulative | Noncumulative | Noncumulative | Noncumulative | Cumulative | Cumulative | Cumulative |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
- | - | - | - | - | - | - | - |
Included | Included | Included | Included | Included | Included | Included | Included |
Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution | Designated as an insolvent financial institution |
Full | Full | Full | Full | Full | Full | Full | Full |
Permanent | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent | Permanent |
- | - | - | - | - | - | - | - |
Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Basel 3 Compliant S ubordinated Debt (16, 27~41, 44~46) | Senior Debt | Senior Debt | Senior Debt |
Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant | Compliant |
- | - | Contingent Capital S ecurities requiremen ts not met | Contingent Capital S ecurities requiremen ts not met | Contingent Capital Securities requireme nts not met | - | - | - |
Note1) If the Bank is designated as an insolvent financial institution in accordance with the 「Act on Structural Improvement of the Financial Industry」,
the debentures are permanently amortized in full.
Amortization of this bond is not considered a cause for default.
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Shinhan Financial Group Co. Ltd. published this content on 28 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2024 08:27:02 UTC.