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 October 2004
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 X Form 40-F
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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): _______
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): _______
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 No X
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If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_______.
2004 3RD QUARTER OPERATING RESULTS
On October 26, 2004, Shinhan Financial Group announced its operation
results for the 3rd quarter of 2004 at Korea Stock Exchange. Followings are the
key figures we announced through a fair disclosure to the Korea Stock Exchange.
Full IR presentation material is available at our website
(www.shinhangroup.com).
The financial information in this report has been prepared in accordance
with accounting principles generally accepted in Korea and have not been fully
reviewed by our independent auditor yet, and therefore they are subject to
changes in the due course of review process.
Operation results of Shinhan Financial Group (QoQ)
(in millions of KRW)
3rd quarter 2nd quarter % change 3rd quarter % change
2004 2004 (QoQ) 2003 (QoQ)
-------------- --------------- -------------- -------------- -------------
Operating Revenue 3,049,859 3,041,768 0.27% 2,008,092 51.88%
Operating Income 406,398 419,243 -3.06% 204,584 98.65%
Ordinary Income 414,463 425,022 -2.48% 234,905 76.44%
Net Income 324,212 324,297 -0.03% 155,845 108.03%
Operation results of Shinhan Financial Group (For the 9 months)
(in millions of KRW)
For the 9 months period For the 9 months period ended on
ended on September 30, 2004 September 30, 2003 % change
------------------------------ ---------------------------------- --------------
Operating Revenue 9,430,436 4,994,040 88.83%
Operating Income 1,138,141 384,460 196.04%
Ordinary Income 794,581 440,828 80.25%
Net Income 794,581 258,231 207.70%
Net Income of Major Subsidiaries (QoQ)
(in millions of KRW)
3rd quarter 2nd quarter % change 3rd quarter
2004 2004 (QoQ) 2003 % change (QoQ)
-------------- --------------- -------------- -------------- --------------
Shinhan Bank 216,205 223,800 -3.39% 161,375 33.98%
Chohung Bank 61,318 91,388 -32.90% -339,096 n.a
Shinhan Card 2,587 1,311 97.33% -32,689 n.a
Good Morning Shinhan
Securities 5,819 8,413 -30.83% 6,932 -16.06%
Net Income of Major Subsidiaries (For 9 months)
(in millions of KRW)
For the 9 month period For the 9 month period
ended on September 30, 2004 ended on September 30, 2003 % change
------------------------------ ----------------------------- -------------
Shinhan Bank 693,413 313,075 121.48%
Chohung Bank 188,826 -758,378 n.a
Shinhan Card -1,293 -106,611 n.a
Good Morning Shinhan
Securities 38,329 30,541 25.50%
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.
By /s/ Byung Jae Cho
-----------------------------------
Name: Byung Jae Cho
Title: Chief Financial Officer
Date : October 26, 2004