Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 498

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 498
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 of financial assets or if it holds contractual rights but bears contractual obligations to pay cash flows to the other party without significant delays or reinvestment and transfers most of the risks and benefits of ownership (e.g., credit risk, interest rate risk, prepayment risk, etc.).

For the years ended December 31, 2023 and 2024, the carrying amount of financial assets related to securitization transactions that have neither been transferred nor derecognized are W 10,950,727 million and W 11,369,662 million, respectively; the carrying amounts of related liabilities are W 6,634,887 million and W 7,144,588 million, respectively.

ii) Financial instruments qualified for derecognition and continued involvement

There are no financial instruments which qualify for derecognition and in which the Group has continuing involvements as of December 31, 2023, and 2024.

<div align='center'>F- 10 6</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) |

| (h) | Offsetting financial assets and financial liabilities |

Financial assets and liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2023 and 2024 are as follows:

|                                                                                                         |             |                 2023 |             |     |                 |                        |            |     |                       |            |     |                                    |            |     |         |     |            |            |
|                                                                                                         |             |     Gross amounts of 
 recognized financial 
  assets/ liabilities |             |     |                 | Gross amounts of       
 recognized             
 financial assets/      
 liabilities set off in 
 the statement of       
 financial position     |            |     | Net amounts of        
 financial assets/     
 liabilities presented 
 in the statement of   
 financial position    |            |     | Related amounts not set off in the 
 statement of financial position    |            |     |         |     | Net amount |            |
|                                                                                                         | Financial   
 instruments |                      |             |     | Cash collateral 
 received        |                        |            |     |                       |            |     |                                    |            |     |         |     |            |            |
| Assets:                                                                                                 |             |                      |             |