Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 484

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 484
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       |             |
| Derivatives-combined securities                                        |     |         |          — |     |         |     819,919 |     |              |  7,139,257 |     |       |   7,959,176 |
| Debt securities issued                                                 |     |         |          — |     |         |     261,299 |     |              |          — |     |       |     261,299 |
|                                                                        |     |         |          — |     |         |   1,081,218 |     |              |  7,139,257 |     |       |   8,220,475 |
| Derivative liabilities:                                                |     |         |            |     |         |             |     |              |            |     |       |             |
| Trading                                                                |     |         |     22,721 |     |         |   8,476,885 |     |              |    536,855 |     |       |   9,036,461 |
| Hedging                                                                |     |         |          — |     |         |     814,374 |     |              |    207,697 |     |       |   1,022,071 |
|                                                                        |     |         |     22,721 |     |         |   9,291,259 |     |              |    744,552 |     |       |  10,058,532 |
|                                                                        |     |       W |    977,620 |     |         |  10,372,477 |     |              |  7,883,809 |     |       |  19,233,906 |

<div align='center'>F- 8 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) |

| (*3) | Shinhan Securities Co., Ltd.’ level 3over-the-counterderivatives is recognizedW86,279million in financial assets measured at fair value through profit or loss,W7,146,909million in financial liabilities designated at fair value through profit or loss,W718,788million in derivative assets, andW535,162million in derivative liabilities. The fair value of