Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 529

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 529
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 192,014 |     |             |   249,487 |

<div align='center'>F-1 3 5</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 11. | Derivatives (continued) |

|                                  |     |   2023 |           |     |             |           |     |   2024 |            |     |             |            |
|                                  |     | Assets |           |     | Liabilities |           |     | Assets |            |     | Liabilities |            |
| Exchange traded:                 |     |        |           |     |             |           |     |        |            |     |             |            |
| Equity futures                   |     |        |    66,356 |     |             |    16,346 |     |        |      1,228 |     |             |     13,302 |
| Equity options                   |     |        |    47,167 |     |             |    16,735 |     |        |     66,177 |     |             |      4,274 |
|                                  |     |        |   113,523 |     |             |    33,081 |     |        |     67,405 |     |             |     17,576 |
|                                  |     |        |   286,670 |     |             |   549,683 |     |        |    259,419 |     |             |    267,063 |
| Commodity related:               |     |        |           |     |             |           |     |        |            |     |             |            |
| Over the counter:                |     |        |           |     |             |           |     |        |            |     |             |            |
| Commodity swaps and forwards     |     |        |     3,314 |     |             |    84,957 |     |        |        914 |     |             |    129,833 |
| Exchange traded:                 |     |        |           |     |             |           |     |        |            |     |             |            |
| Commodity futures and options    |     |        |     2,122 |