Earnings Call Summary | Shinhan Financial Group Co Ltd(SHG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Shinhan Financial Group Co Ltd(SHG.US) Q1 2024 Earnings Conference
The following is a summary of the Shinhan Financial Group Co., Ltd. (SHG) Q1 2024 Earnings Call Transcript:
以下是新韓金融集團有限公司（SHG）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Shinhan Financial Group reported a net income of KRW1.3215 trillion in Q1 2024, driven largely by top-line growth.
Interest income and noninterest income saw growth, with interest income increasing by 9.4% Year-on-Year.
The company maintained a good cost efficiency, keeping G&A increase at 1.2%, despite recognizing large non-operating expenses.
A reduced credit cost ratio of 38 basis points was reported, showing a Y-o-Y decrease by 10 basis points.
新韓金融集團報告稱，2024年第一季度淨收入爲1.3215萬億韓元，這主要是由收入增長推動的。
利息收入和非利息收入有所增長，利息收入同比增長9.4％。
儘管確認了巨額的非營業外支出，但該公司仍保持了良好的成本效益，將G&A的增長率保持在1.2％。
據報道，信貸成本比率降低了38個點子，同比下降了10個點子。
Business Progress:
業務進展：
Shinhan Financial Group aims to sustain profitability and secure capital adequacy through proactive loan asset growth strategy and efficient margin management.
With ongoing plans to invest in cloud infrastructure, the company expects to keep a sufficient capital buffer while maintaining stable financial performance.
There's a clear focus towards enhancing shareholder value via quarterly payouts, share buybacks, and cancellations.
Despite a decrease in profits in Q1 2024, the company plans to focus on stability, particularly in their prop trading business due to ongoing uncertainties.
Shinhan Financial set a CET1 ratio target of 13%, beyond which, they will take additional steps towards shareholder returns. A slight increase in credit cost is anticipated due to potential quality deterioration.
新韓金融集團旨在通過積極的貸款資產增長策略和高效的利潤管理來維持盈利能力並確保資本充足率。
隨着投資雲基礎設施的持續計劃，該公司希望在保持穩定的財務業績的同時，保持足夠的資本緩衝。
人們顯然將重點放在通過季度支出、股票回購和取消來提高股東價值上。
儘管2024年第一季度利潤有所下降，但由於持續的不確定性，該公司計劃將重點放在穩定性上，尤其是在道具貿易業務方面。
新韓金融設定了13％的CET1比率目標，在此之後，他們將採取更多措施來實現股東回報。由於潛在的質量惡化，預計信貸成本將略有增加。
More details: Shinhan Financial Group Co Ltd IR
更多詳情： 新韓金融集團有限公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。