Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 677

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 677
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 ‘Note 16’.

<div align='center'>F-30 9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 49. | Related parties (continued) |

| Related party                                                                  |     | Account |                       |     | 2023 |        |   |     | 2024 |         |   |
| Investments in associates:                                                     |     |         |                       |     |      |        |   |     |      |         |   |
| BNP Paribas Cardif Life Insurance                                              |     |         | Credit card loans     |     |    W |    105 |   |     |      |     154 |   |
| ”                                                                              |     |         | ACL                   |     |      |     (1 | ) |     |      |      (1 | ) |
| ”                                                                              |     |         | Accrued income        |     |      |     32 |   |     |      |      23 |   |
| ”                                                                              |     |         | Deposits              |     |      |  2,984 |   |     |      |   5,559 |   |
| ”                                                                              |     |         | Allowance for Undrawn 
 Commitment            |     |      |      2 |   |     |      |       1 |   |
| Incorporated association Finance Saving Information Center                     |     |         | Credit card loans     |     |      |      — |   |     |      |       2 |   |
| ”                                                                              |     |         | Deposits              |     |      |      7 |   |     |      |       3 |   |
| Nomura-Rifa Private Real Estate Investment Trust No.19                         |     |         | Loans                 |     |      | 12,000 |   |     |      |  11,700 |   |
| ”                                                                              |     |         | ACL                   |     |      |   (471 | ) |     |      |    (247 | ) |
| ”                                                                              |     |         | Accrued income        |     |      |     51 |   |     |      |       — |   |
| SH MAIN Professional Investment Type Private Mixed Asset Investment Trust No.3 |     |