Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 94

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 94
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 money in the short-term money market. Call loans are short-term lending among banks and financial institutions in either Korean Won or foreign currencies with a minimum transaction amount of W100 million and maturities of typically one day.**

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Securities Investment and Trading Shinhan Bank invests in and trades securities for its own accounts in order to maintain adequate sources of liquidity and to generate interest income, dividend income and capital gains. Shinhan Bank’s trading and investment portfolio consists primarily of Korean and international treasury securities and debt securities issued by Government agencies, local governments or certain government-invested enterprises, debt securities issued by financial institutions and equity securities listed on the KRX KOSPI Market and KRX KOSDAQ Market of the Korea Exchange. For a detailed description of our securities investment portfolio, see “— Description of Assets and Liabilities — Investment Portfolio.” Derivatives Trading Shinhan Bank provides to its customers, and to a limited extent, trades for its proprietary accounts, a broad range of derivatives products, which include:

| • |     | interest rate swaps, options, and futures relating to interest rate risks; |

| • |     | cross-currency swaps, largely for Korean Won against U.S. Dollars, Japanese Yen and Euros; |

| • |     | equity and equity-linked options; |

| • |     | foreign currency forwards, options and swaps; |

| • |     | commodity forwards, swaps and options; |

| • |     | credit derivatives; and |

| • |     | KOSPI 200 indexed equity options. |

Shinhan Bank’s outstanding derivatives commitments in terms of notional amount were W239,620 billion, W251,507 billion and W321,240 billion in 2022, 2023 and 2024, respectively. Such derivative operations generally focus on addressing the needs of Shinhan Bank’s corporate clients to enter into derivatives contracts to hedge their risk exposure and entering into back-to-backderivatives to hedge Shinhan Bank’s risk exposure that results from such client contracts. Shinhan Bank also enters into derivative contracts to hedge the interest rate and foreign currency risk exposures that arise from its own assets and liabilities. In addition, to a limited extent, Shinhan Bank engages in the proprietary trading of derivatives within its regulated open position limits.See “— Description of Assets and Liabilities — Derivatives.” Trust Account Management Services Overview Shinhan Bank’s trust account management services involve management of trust accounts, primarily in the form of money trusts