Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 480

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 480
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671 |   |     |           |  15,451,607 |     |       | 593,482,380 |   |
| Off balance (*3):                                                     |     |              |             |     |        |            |   |     |        |            |   |     |          |             |   |     |       |             |   |     |           |             |     |       |             |   |
| Guarantee contracts                                                   |     | W            |  18,374,287 |     |        |          — |   |     |        |          — |   |     |          |           — |   |     |       |           — |   |     |           |           — |     |       |  18,374,287 |   |
| Other liabilities related to loan commitments                         |     |              | 212,078,870 |     |        |          — |   |     |        |          — |   |     |          |           — |   |     |       |           — |   |     |           |           — |     |       | 212,078,870 |   |
|                                                                       |     | W            | 230,453,157 |     |        |          — |   |     |        |          — |   |     |          |           — |   |     |       |           — |   |     |           |           — |     |       | 230,453,157 |   |
| Derivatives                                                           |     | W            |     131,174 |     |        |   (101,655 | ) |     |        |   (335,841 | ) |     |          |    (104,002 | ) |     |       |  (1,657,294 | ) |     |           |     134,835 |     |       |  (1,932,783 | ) |

<div align='center'>F- 8 1</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 5. | Financial risk management (continued) |

|                                                                       |     | 2024 (*1)    |             |     |        |            |   |     |        |            |   |     |          |             |