Shinhan Financial Group (KRX:055550) posted first-quarter net income attributable to shareholders of the parent company of 1.488 trillion won, up 12.6% from 1.321 trillion won a year earlier, according to a regulatory filing with Korea Exchange on Friday.

The South Korean financial group's sales fell 19.9% year over year to 16.1 trillion won from 20.1 trillion won.

Shares of Shinhan Financial Group fell nearly 1% at market close on Monday, April 28.