Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 665

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 665
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 | ) |
| Financial liabilities designated at FVTPL |     |      |     (1,296 | ) |     |      |      (9,804 | ) |     |      |     (13,292 | ) |
| Borrowings                                |     |      |   (938,641 | ) |     |      |  (1,895,913 | ) |     |      |  (1,862,406 | ) |
| Debt securities issued                    |     |      | (1,901,458 | ) |     |      |  (2,735,421 | ) |     |      |  (3,408,678 | ) |
| Insurance finance interest expense        |     |      | (1,792,702 | ) |     |      |  (1,945,318 | ) |     |      |  (1,901,536 | ) |
| Others                                    |     |      |   (218,705 | ) |     |      |    (384,022 | ) |     |      |    (400,350 | ) |
|                                           |     |      | (9,495,472 | ) |     |      | (16,761,289 | ) |     |      | (17,807,036 | ) |
| Net interest income                       |     |    W | 10,596,853 |   |     |      |  10,817,922 |   |     |      |  11,402,302 |   |

F-2 90

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

| 36. | Net fees and commission income |

Net fees and commission income for the years ended December 31, 2022, 2023 and 2024 are as follows:

|                                                    |     | 2022 |            |   |     | 2023 |            |   |     | 2024 |            |   |
| Fees and commission income:                        |     |      |            |   |     |      |            |   |     |      |            |   |
| Credit placement fees                              |     |    W |     68,101 |   |     |      |     75,930 |   |     |      |     73,339 |