Edited Transcript of 055550.KS earnings conference call or presentation 25-Oct-19 7:00am GMT [Yahoo! Finance News]
Shinhan Financial Group Co Ltd American Depositary Shares (SHG)
US:NYSE Investor Relations:
shinhangroup.co.kr/en/invest/main.jsp
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Source: Yahoo! Finance News
Edited Transcript of 055550.KS earnings conference call or presentation 25-Oct-19 7:00am GMT The fourth highlight is that the group has achieved the best level of cost income ratio in the industry through our continuous strategic cost management efforts. Together with stable growth in operating income and cost management, our business process improvements have continued in terms of using -- increase in customers using digital services and enhanced cost efficiency, and our cost income ratio has dropped to 42.6% as of Q3, which is the lowest in the recent 8-year period. Lastly, we maintain a systematic risk management and consistent credit policy in anticipation of future down cycle. During the first half, we focused on preemptive response to possible deterioration in asset quality by changing our credit risk RC and adopting stricter regular credit rating calculation processes for our SME customers of the bank. This did increase the group's credit cost by 6 bp year-over-year to 33 bps,
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SHG
Sec Filings
- 12/9/24 - Form 6-K
- 12/9/24 - Form 6-K
- 12/6/24 - Form 6-K
- SHG's page on the SEC website