Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 542

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 542
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 |   |             |        |    189 |   |             |     |     24 |   |           |     |      — |   |       |     |      8,380 |   |
| Ending balance                                       |             |      W | 268,533 |   |             |     | 223,017 |   |           |     |  340,091 |   |             |           |  725,105 |   |             |     |  872,904 |   |           |     |  958,808 |   |             |             | 263,914 |   |             |     | 418,255 |   |           |     |  458,116 |   |             |        | 12,748 |   |             |     | 17,575 |   |           |     |  6,865 |   |       |     |  4,565,931 |   |

| (*) | Other changes are due to debt restructuring, investment conversion and changes in foreign exchange rate, etc. |

<div align='center'>F-1 5 3</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 13. | Loans at amortized cost, etc. (continued) |

| ii) | Due from banks at amortized cost and other financial assets |

|                                                      |             | 2023 |         |   |             |     |         |   |           |     |         |   |       |     |         |   |
|                                                      | 12 months   
 expected    
 credit loss |      |         |   | Life time   
 expected    
 credit loss |     |         |   | Impaired  
 financial 
 asset     |     |         |   | Total |     |         |   |
| Beginning balance                                    |             |    W | 296,346 |   |             |     |  10,440 |   |           |     |  74,621 |   |       |     | 381,407 |   |
| Transfer (from) to 12 months expected credit losses  |             |      |     364 |   |             |     |    (299 | ) |           |     |     (65 | ) |       |     |       —