Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 493

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 493
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,854 |     |            |  94,370,404 |
| Investment contract liabilities        |     |                 |   1,572,685 |     |            |   1,572,685 |     |                 |   1,165,022 |     |            |   1,165,022 |
| Other financial liabilities            |     |                 |  47,328,051 |     |            |  47,295,828 |     |                 |  39,472,400 |     |            |  39,429,575 |
|                                        |     |               W | 568,876,477 |     |            | 568,908,993 |     |                 | 607,104,694 |     |            | 608,153,540 |

<div align='center'>F-9 8</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) |

|                                        |     |    2023 |            |     |         |             |     |         |             |     |       |             |
|                                        |     | Level 1 |            |     | Level 2 |             |     | Level 3 |             |     | Total |             |
| Assets:                                |     |         |            |     |         |             |     |         |             |     |       |             |
| Deposits measured at amortized cost    |     |       W |    554,703 |     |         |  31,783,743 |     |         |           — |     |       |  32,338,446 |
| Loans measured at amortized cost       |     |         |          — |     |         |   1,633,949 |     |         | 412,390,086 |     |       | 414,024,035 |
| Securities measured at amortized cost: |     |         |            |     |         |             |     |         |             |     |       |             |
| Government bonds                       |     |         | 10,727,244 |     |         |  11,454,886 |     |         |           — |     |       |  22,