Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 501

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 501
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    357,842 |     |                 |                         |          — |     |                       |    357,842 |     |                                    |    357,842 |     |       — |     |            |          — |
| Domestic exchange settlement pending (*3)                                                               |             |                      | 36,593,966 |     |                 |                         | 34,787,860 |     |                       |  1,806,106 |     |                                    |  1,735,983 |     |       — |     |            |     70,123 |
| Payable from purchase of securities (*4)                                                                |             |                      |  4,868,572 |     |                 |                         |  2,199,610 |     |                       |  2,668,962 |     |                                    |  1,926,038 |     |       — |     |            |    742,924 |
|                                                                                                         |             |                    W | 79,824,269 |     |                 |                         | 36,987,470 |     |                       | 42,836,799 |     |                                    | 29,379,959 |     |   1,000 |     |            | 13,455,840 |

| (*1) | The Group has certain derivative transactions subject to the ISDA (International Derivatives Swaps and Dealers Association) agreement. According to the ISDA agreement, when credit events (e.g. default) of counterparties occur, all derivative agreements are terminated and set off. At the time of termination, the parties to the transaction will offset the amount of payment or payment to each other, and one party will pay the other party a single amount will be paid to the other party. |

| (*2) | Resale and repurchase agreement, securities borrowing and lending agreement are also similar to ISDA agreement with respect to enforceable netting agreements. |

| (*3) | The Group has legally enforceable right to set off and settles financial assets and liabilities on a net basis under normal business terms. Therefore, domestic exchanges settlement receivables (payables) are recorded on a net basis in the consolidated statements of financial position. |

<div align='center'>F-10 9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023