• Shinhan Financial Group Co average return on tangible equity for 2023 was 8.34, a 14.55% increase from 2022.
• Shinhan Financial Group Co average return on tangible equity for 2022 was 9.76, a 2.63% decline from 2021.
• Shinhan Financial Group Co average return on tangible equity for 2021 was 9.51, a 10.84% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.