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

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-                    .

 

 

Exhibit 99.1		Shinhan Financial Group FY2010 Operating Results
Exhibit 99.2		Shinhan Bank and Shinhan Card resolved to pay cash dividends to Shinhan Financial Group
Exhibit 99.3		Shinhan Financial Group resolved to pay cash dividend

Exhibit 99.1
Shinhan Financial Group FY2010 Operating Results

     On February 8, 2011, Shinhan Financial Group released FY2010 business results. The below are the key figures we announced through a fair disclosure. The full IR presentation materials are 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 are to be audited by our independent auditor. As figures provided have not yet been fully audited by external auditors, contents are subject to change in the due course of the auditing process.

1. Operating Results of Shinhan Financial Group (consolidated)

(KRW million)

		FY2010				FY2009				Change (in %)
Operating Revenue			33,651,131				51,171,902				-34.2	%
Operating Income			3,235,168				2,097,907				54.2	%
Continuing Operations Income Before Income Tax			3,088,750				1,979,475				56.0	%
Net Income			2,383,935				1,305,311				82.6	%

		4Q 2010				3Q 2010				Change (in %)				4Q 2009				Change (in %)
Operating Revenue			7,892,317				7,854,874				0.5	%			8,193,718				-3.7	%
Operating Income			476,073				889,255				-46.5	%			492,816				-3.4	%
Continuing Operations Income Before Income Tax			322,463				912,348				-64.7	%			404,812				-20.3	%
Net Income			364,358				651,985				-44.1	%			256,211				42.2	%

2. Operating Results of Shinhan Bank (non-consolidated)

(KRW million)

		FY2010				FY2009				Change (in %)
Operating Revenue			22,969,678				41,466,693				-44.6	%
Operating Income			2,255,624				1,232,789				83.0	%
Continuing Operations Income Before Income Tax			2,092,082				1,066,208				96.2	%
Net Income			1,648,389				748,664				120.2	%

		4Q 2010				3Q 2010				Change (in %)				4Q 2009				Change (in %)
Operating Revenue			4,867,213				5,196,435				-6.3	%			5,605,518				-13.2	%
Operating Income			429,829				604,371				-28.9	%			372,588				15.4	%
Continuing Operations Income Before Income Tax			252,626				627,831				-59.8	%			256,581				-1.5	%
Net Income			193,659				485,923				-60.1	%			184,100				5.2	%

3. Operating Results of Shinhan Card (non-consolidated)

(KRW million)

		FY2010				FY2009				Change (in %)
Operating Revenue			4,060,077				3,693,714				9.9
Operating Income			1,188,371				1,114,798				6.6
Continuing Operations Income Before Income Tax			1,180,053				1,100,554				7.2
Net Income			1,107,029				856,755				29.2

		4Q 2010				3Q 2010				Change (in %)				4Q 2009				Change (in %)
Operating Revenue			1,044,616				1,077,529				-3.1				962,389				8.5
Operating Income			248,874				271,975				-8.5				321,192				-22.5
Continuing Operations Income Before Income Tax			220,779				283,607				-22.2				306,276				-27.9
Net Income			367,930				213,132				72.6				242,173				51.9

Exhibit 99.2 Shinhan Bank and Shinhan Card resolved to pay cash dividends to Shinhan Financial Group

On February 7, 2011, Board of Directors of Shinhan Bank, wholly-owned bank subsidiary of Shinhan Financial Group (“SFG”), resolved to up-stream cash dividend of KRW 478 billion or KRW 301 per common share for the fiscal year of 2010, subject to the shareholders’ approval on March 22, 2011.

On the same date, Board of Directors of Shinhan Card, wholly-owned credit card subsidiary of Shinhan Financial Group (“SFG”), resolved to up-stream cash dividend of KRW 600 billion or KRW 4,786 per common share for the fiscal year of 2010, subject to their shareholders’ approval on March 22, 2011.

Since SFG wholly owns Shinhan Bank and Shinhan Card, SFG will be receiving the total dividend amounts.

Exhibit 99.3 Shinhan Financial Group resolved to pay cash dividend

On February 8, 2010, the Board of Directors of Shinhan Financial Group made a resolution to pay cash dividends for the fiscal year 2010, subject to the shareholders’ approval.

Total Dividend Amount:

     1) Dividend Amount for Common Stocks: KRW 355,649,690,250

     (KRW 750 per share, 15% of par value and 1.45% of market price of Common Stock)

     2) Dividend Amount for Preferred Stocks: KRW 230,586,269,095

     3) Total Dividend Amount: KRW 586,235,959,345

· The dividend payment must be approved by the Annual General shareholders’ Meeting (“AGM”) and the details may change during the general shareholders’ meeting.

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.

Date : February 8, 2011