Shinhan Financial Group Co ( (SHG) ) just unveiled an announcement.
On February 27, 2025, Shinhan Bank’s board of directors resolved to issue KRW-denominated Write-down Contingent Capital Securities to meet Basel III capital requirements. This strategic move aims to strengthen the bank’s financial stability by issuing up to KRW 400 billion in perpetual securities, which include a call option and a non-viability trigger event clause, ensuring compliance with regulatory standards and enhancing the bank’s resilience in the financial industry.
More about Shinhan Financial Group Co
Shinhan Financial Group Co., Ltd. is a leading financial services provider based in Seoul, Korea. The company operates in the banking industry and offers a range of financial products and services, focusing on maintaining strong capital requirements and compliance with international standards such as Basel III.
YTD Price Performance: 2.23%
Average Trading Volume: 236,579
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $17.22B
Learn more about SHG stock on TipRanks’ Stock Analysis page.