Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 535

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 535
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 (from) to life time expected credit loss |             |                                       |      — |   |             |     |    — |   |       |     |      — |   |             |                                   |      — |   |             |     |   — |   |       |     |      — |   |
| Provision (Reversal)                              |             |                                       | (2,279 | ) |             |     | (420 | ) |       |     | (2,699 | ) |             |                                   | (1,515 | ) |             |     | (97 | ) |       |     | (1,612 | ) |
| Disposal and others (*)                           |             |                                       | (1,053 | ) |             |     | (379 | ) |       |     | (1,432 | ) |             |                                   |    369 |   |             |     |   8 |   |       |     |    377 |   |
| Ending balance                                    |             |                                     W | 38,250 |   |             |     |   96 |   |       |     | 38,346 |   |             |                                   | 10,137 |   |             |     |  51 |   |       |     | 10,188 |   |

| (*) | Included the effects from changes in debt restructuring, investment conversion, foreign exchange rate and the others. |

<div align='center'>F-1 4 6</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 12. | Securities at fair value through other comprehensive income and securities at amortized cost (continued) |

|                                                      |     | 2023 |          |   |     | 2024 |          |   |
| Gain on disposal of securities at FVOCI              |     |    W |   50,793 |   |     |      |  197,708 |   |
| Loss on disposal of securities at FVOCI              |     |      | (180,368 | ) |     |      | (137,448 | ) |
| Gain on disposal of securities at amortized cost (*) |     |      |      358 |   |     |      |        — |   |
| Loss on disposal of securities