Shinhan Financial eyes early ROE target as profit climbs

What happened: Shinhan Financial Group reported double-digit profit growth for the first nine months of 2026 and said it is on course to reach its 10 percent ROE target a year ahead of schedule. Key numbers: Cumulative net profit rose 12.7 percent year-on-year to 5.03 trillion won. ROE reached 11.9 percent at end-September, above the 10 percent target for 2027. Why it matters: Quarterly earnings weakened on slower stock trading and rising interest rates, and the group plans to strengthen nonbanking earnings through its recent insurer acquisition.

Shinhan Financial Group reported double-digit profit growth for the first nine months of 2026 and said it is on course to reach its 10 percent ROE target a year ahead of schedule.

Quarterly earnings weakened on slower stock trading and rising interest rates, and the group plans to strengthen nonbanking earnings through its recent insurer acquisition.