Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 536

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 536
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 at amortized cost (*) |     |      |     (107 | ) |     |      |  (23,155 | ) |
|                                                      |     |    W | (129,324 | ) |     |      |   37,105 |   |

| (*) | The issuers of those securities have exercised their early redemption options, and the disposal of securities measured at amortized cost aims to secure additional asset duration for asset-liability management in response to changes in interest rates. |

| (e) | Income or loss on equity securities at fair value through other comprehensive income |

| i) | The Group recognizes dividends, amounting toW60,139million andW86,107million, related to equity securities at fair value through other comprehensive income for the years ended December 31, 2023 and 2024, respectively. |

|                              |     | Fair value at the date of disposal |         |     |      |         |     | Cumulative net gain (loss) at 
          the time of disposal |        |   |     |      |       |
|                              |     |                               2023 |         |     | 2024 |         |     |                          2023 |        |   |     | 2024 |       |
| Stocks                       |     |                                  W | 156,872 |     |      | 106,810 |     |                               | (4,152 | ) |     |      | 9,429 |
| Contingent convertible bonds |     |                                    |       — |     |      |   3,023 |     |                               | —      |   |     |      |     5 |

| (*) | The reason for the disposal is the disposal of stocks acquired by investment conversion. |

F-14 7

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (In millions of won) December 31, 2023 and 2024

| 13. | Loans at amortized cost, etc. |

|                                 |     | 2023 |             |   |     | 2024 |             |   |
| Retail loans                    |     |    W | 155,103,825 |   |     |      | 166,140,123 |   |
| Corporate loans (*)             |     |      | 224,916,377 |   |     |      | 251,011,516 |