Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 533

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 533
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10,347,033 |     |                            |  57,685 |     |                                 |   579,563 |     |                                   |   42,787 |   |
| Currency forward                               |     |               |    429,939 |     |                            |       — |     |                                 |    39,395 |     |                                   |  (46,382 | ) |
| Equity options                                 |     |               |     18,750 |     |                            |       — |     |                                 |     3,941 |     |                                   |    1,109 |   |
| Cash flow hedges                               |     |               |            |     |                            |         |     |                                 |           |     |                                   |          |   |
| Interest rate swap                             |     |               |  2,872,383 |     |                            |  93,562 |     |                                 |    44,139 |     |                                   |   60,694 |   |
| Currency swap                                  |     |               |  7,993,851 |     |                            | 539,015 |     |                                 |   181,413 |     |                                   |  314,114 |   |
| Currency forward                               |     |               |  1,723,440 |     |                            |   2,087 |     |                                 |   138,694 |     |                                   | (104,727 | ) |
| Hedge of net investments in foreign operations |     |               |            |     |                            |         |     |                                 |           |     |                                   |          |   |
| Currency forward                               |     |               |  2,191,770 |     |                            |  10,013 |     |                                 |    34,926 |     |                                   |  (41,071 | ) |
| Borrowings                                     |     |               |  1,852,212 |     |                            |       — |     |                                 | 1,848,316 |     |                                   | (181,341 | ) |

| (*) | The related account categories are presented as interest rate swap assets / liabilities and currency forward assets / liabilities, equity option liabilities etc. |

<div align='center'>F-1 41</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31