Unknown Analyst's questions to Shinhan Financial Group Co Ltd (SHG) leadership • Q3 2024
Question
An analyst from Citi Securities asked for the foreign exchange (FX) rate sensitivity on the group's Common Equity Tier 1 (CET1) ratio.
Answer
An executive provided a direct answer, stating that a KRW 10 change in the FX rate has a 0.8 basis point impact on the CET1 ratio and an approximately KRW 8 billion impact on net income.