Shinhan Financial Group Unveils Value-up Strategy

Shinhan Financial Group Co (SHG) has released an update.

Shinhan Financial Group Co. has announced its ambitious ‘2024 Shinhan Financial Group Value-up Plan’, aiming to boost its corporate value by setting strategic financial targets such as achieving a Return on Equity (ROE) of 10%, Return on Total Capital Equity (ROTCE) of 11.5%, and maintaining a Common Equity Tier 1 (CET1) Ratio above 13%. The plan also includes increasing the Shareholder Return Ratio to around 50% and reducing the number of shares to enhance Tangible Book Value Per Share (TBPS). These objectives are part of a broader strategy to address the company’s current undervaluation and to ensure consistent communication with stakeholders on the progress and potential adjustments to the plan.

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