Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 621

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 621
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ated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 27. | Provisions (continued) |

| (*2) | As of December 31, 2023 and 2024, the Group recognizes a provision ofW293,824million andW25,856million, respectively for vulnerable groups such as self-employed people, small business owners and institutions supporting vulnerable groups, etc. in accordance with the “Banking financial support plan for people’s livelihood”. |

| (*3) | As of December 31, 2024, the Group recognizes a provision ofW19,086million for the estimated customer compensation amount related to equity-linked products based on the Hong Kong H-Index (Hang Seng China Enterprises Index). |

|                                                   |     |                      2023 |         |   |     |                     |         |   |     |           |        |   |     |                                      |         |   |     |                     |        |   |     |           |      |   |     |       |         |   |
|                                                   |     | Unused credit commitments |         |   |     |                     |         |   |     |           |        |   |     | Financial guarantee contracts issued |         |   |     |                     |        |   |     |           |      |   |     | Total |         |   |
|                                                   |     |                 12 months 
       expectedcredit loss |         |   |     | Life time           
 expectedcredit loss |         |   |     | Impaired  
 financial 
 asset     |        |   |     | 12 months                            
 expected                             
 credit loss                          |         |   |     | Life time           
 expectedcredit loss |        |   |     | Impaired  
 financial 
 asset     |      |   |     |       |         |   |
| Beginning balance                                 |     |                         W | 175,562 |   |     |                     | 139,998 |   |     |           |  2,030 |   |     |                                      |  48,113 |   |     |                     |  7,687 |   |     |           |   28 |   |     |       | 373,418 |   |
| Transfer (from) to 12 months expected credit loss |     |                           |  65,058 |   |     |                     | (64,897 | ) |     |           |   (