Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 282

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 282
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 253 |   |     |      |   282 |   |     |           | 109.1 |    |     |           |  11.5 |   |
| Insurance                   |     |                                         |   539 |   |     |      |   651 |   |     |      |   708 |   |     |           |  20.8 |    |     |           |   8.8 |   |
| Credit                      |     |                                         |   349 |   |     |      |   343 |   |     |      |   122 |   |     |           |  (1.7 | )  |     |           | (64.4 | ) |
| Others                      |     |                                         |   173 |   |     |      |   341 |   |     |      |   164 |   |     |           |  97.1 |    |     |           | (51.9 | ) |
| Consolidation adjustment(1) |     |                                         |  (216 | ) |     |      |  (430 | ) |     |      |  (635 | ) |     |           |  99.1 |    |     |           |  47.7 |   |
| Total operating income      |     |                                       W | 5,906 |   |     |    W | 6,101 |   |     |    W | 6,459 |   |     |           |   3.3 | %  |     |           |   5.9 | % |

Note:

| (1) | Consolidation adjustment consists of adjustments for inter-segment transactions. |

Banking Services The banking services segment provides commercial banking and related services through the following four sub-segments:(i) channel, which includes banking and other services provided through the general branches and private wealth management (PWM) centers of Shinhan Bank and Jeju Bank to individuals, corporations (other than large corporations), and WM clients; (ii) capital market, which include corporate banking services offered through Shinhan Bank’s corporate banking branches to large corporations, securities investing and trading, as well as derivatives trading; (iii) international group, which primarily consist of the operations of Shinhan Bank’s overseas subsidiaries and branches; and (iv) others, which primarily involve treasury operations related to our banking activities (such as internal asset and liability management and other non-deposit