Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 494

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 494
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  81,332,818 |
| Investment contract liabilities        |     |         |          — |     |         |           — |     |         |   1,572,685 |     |       |   1,572,685 |
| Other financial liabilities            |     |         |          — |     |         |  20,658,155 |     |         |  26,637,673 |     |       |  47,295,828 |
|                                        |     |       W |          — |     |         | 229,612,865 |     |         | 339,296,128 |     |       | 568,908,993 |

<div align='center'>F-9 9</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 |            |     |         |             |     |         |             |     |       |             |
|                                        |     | Level 1 |            |     | Level 2 |             |     | Level 3 |             |     | Total |             |
| Deposits measured at amortized cost    |     |       W |    537,760 |     |         |  37,621,375 |     |         |           — |     |       |  38,159,135 |
| Loans measured at amortized cost       |     |         |          — |     |         |     965,455 |     |         | 451,759,297 |     |       | 452,724,752 |
| Securities measured at amortized cost: |     |         |            |     |         |             |     |         |             |     |       |             |
| Government bonds                       |     |         | 11,292,066 |     |         |  10,333,600 |     |         |           — |     |       |  21,625,666 |
| Financial institution bonds            |     |         |    331,421 |     |         |   3,497,178 |     |         |           — |     |       |   3,828,599 |
| Corporation bonds                      |