# EDGAR Filing Document

**Accession Number:** 0001264136
**File Stem:** 0001193125-26-090236
**Filing Date:** 2026-3
**Character Count:** 1101583
**Document Hash:** c3b3649f3ad5b9d909e2874b7efbf57e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-090236.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001193125-26-090236

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20260304

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WOORI FINANCIAL GROUP INC.
- **CENTRAL INDEX KEY:** 0001264136
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31811
- **FILM NUMBER:** 26719297

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 51, SOGONG-RO, JUNG-GU
- **CITY:** SEOUL
- **PROVINCE COUNTRY:** M5
- **ZIP:** 04632
- **BUSINESS PHONE:** 000-000-0000

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 51, SOGONG-RO, JUNG-GU
- **CITY:** SEOUL
- **PROVINCE COUNTRY:** M5
- **ZIP:** 04632

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOORI BANK
- **DATE OF NAME CHANGE:** 20141015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WOORI FINANCE HOLDINGS CO LTD
- **DATE OF NAME CHANGE:** 20030917

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**Form 6-K** 

**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16** 

**UNDER THE SECURITIES EXCHANGE ACT OF 1934** 

**For the month of March 2026** 

**Commission File Number: 001-31811** 

## Woori Financial Group Inc.
**(Translation of registrant's name into English)** 

**51, Sogong-ro, Jung-gu, Seoul, 04632, Korea** 

**(Address of principal executive office)** 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

------

**Submission of Audit Reports of Woori Bank** 

On March 4, 2026, Woori Financial Group Inc. disclosed audit reports of Woori Bank, its wholly-owned subsidiary, for the fiscal year 2025 based on the International Financial Reporting Standards as adopted by the Republic of Korea.

The financial statements accompanying such reports have not been approved by the shareholders of Woori Bank and remain subject to change.

Please refer to the audit reports and Woori Bank's consolidated and separate financial statements, which have been furnished as Exhibits 99.1 and 99.2 hereto, respectively.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | Woori Financial Group Inc. | Woori Financial Group Inc. |
|  | (Registrant) | (Registrant) |
| Date: March 4, 2026 | By: /s/ Seong Min Kwak | By: /s/ Seong Min Kwak |
|  | (Signature) | (Signature) |
|  | Name: | Seong Min Kwak |
|  | Title: | Deputy President |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g26823g0303212928736.jpg)

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED FINANCIAL STATEMENTS** 

**AS OF AND FOR THE YEARS ENDED** 

**DECEMBER 31, 2025 and 2024** 

------

**WOORI BANK** 

---

| | |
|:---|:---|
|  | **Page(s)** |
|  **[INDEPENDENT AUDITORS' REPORT](#ex99_1toc26823_1)** | 1-3 |
|  **Consolidated Financial Statements** |  |
|  [Consolidated Statements of Financial Position](#ex99_1toc26823_3) | 5-6 |
|  [Consolidated Statements of Comprehensive Income](#ex99_1toc26823_4) | 7-8 |
|  [Consolidated Statements of Changes in Equity](#ex99_1toc26823_5) | 9 |
|  [Consolidated Statements of Cash Flows](#ex99_1toc26823_6) | 10-11 |
|  **[Notes to the Consolidated Financial Statements](#ex99_1toc26823_7)** | 12-163 |

---

------

**INDEPENDENT AUDITORS' REPORT** 

(Based on a report originally issued in Korean)

The Board of Directors and Shareholder of

Woori Bank

***Opinion***

We have audited the consolidated financial statements of Woori Bank and its subsidiaries (the "Group"), which comprise the consolidated statements of financial position as of December 31, 2025 and 2024, the consolidated statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes, comprising of material accounting policy information and other explanatory information.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as of December 31, 2025 and 2024, and its consolidated financial performance and its consolidated cash flows for the years then ended in accordance with Korean International Financial Reporting Standards ("K-IFRS").

***Basis for Opinion***

We conducted our audits in accordance with Korean Standards on Auditing ("KSAs"). Our responsibilities under those standards are further described in the *Auditors' Responsibilities for the Audit of the Consolidated Financial Statements* section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in the Republic of Korea, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

***Other Matter***

The procedures and practices utilized in the Republic of Korea to audit such consolidated financial statements may differ from those generally accepted and applied in other countries.

***Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements***

Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with K-IFRS, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Group's financial reporting process.

------

***Auditors' Responsibilities for the Audit of the Consolidated Financial Statements***

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with KSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with KSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluate the appropriateness of accounting policies used in the preparation of the consolidated financial
statements and the reasonableness of accounting estimates and related disclosures made by management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditors' report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up
to the date of our auditors' report. However, future events or conditions may cause the Group to cease to continue as a going concern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the
disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business
activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

------

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

March 3, 2026

This report is effective as of March 3, 2026, the audit report date. Certain subsequent events or circumstances, which may occur between the audit report date and the time of reading this report, could have a material impact on the accompanying consolidated financial statements and notes thereto. Accordingly, the readers of the audit report should understand that the above audit report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

------

**WOORI BANK AND ITS SUBSIDIARIES** 

CONSOLIDATED FINANCIAL STATEMENTS

AS OF AND FOR THE YEARS ENDED

DECEMBER 31, 2025 AND 2024

The accompanying consolidated financial statements including all footnote disclosures were

prepared by and are the responsibility of the management of Woori Bank

**Jin Wan Jung** 

**President and Chief Executive Officer** 

Main Office Address: (Road Name Address) 51, Sogong-ro, Jung-gu, Seoul

(Phone Number) 02-2002-3000

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF FINANCIAL POSITION** 

**AS OF DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
| **ASSETS** |  |  |
|  Cash and cash equivalents (Notes 4 and 6) | 37235090 | 26030754 |
|  Financial assets at fair value through profit or loss ("FVTPL") (Notes 4, 7, 11, 12, 18, 26 and 45) | 21117410 | 24599169 |
|  Financial assets at fair value through other comprehensive income ("FVTOCI") (Notes 4, 8, 11, 12 and 18) | 48622422 | 43698084 |
|  Securities at amortized cost (Notes 4, 9, 11, 12 and 18) | 18707459 | 19193186 |
|  Loans and other financial assets at amortized cost (Notes 4, 10, 11, 12, 18 and 45) | 371209305 | 366547841 |
|  Investments in associates (Note 13) | 1095521 | 1067880 |
|  Investment properties (Note 14) | 502885 | 523118 |
|  Properties and equipment (Note 15) | 2946422 | 3001875 |
|  Intangible assets (Note 16) | 540819 | 597717 |
|  Assets held for sale (Note 17) | 125068 | 31266 |
|  Current tax assets (Note 42) | 51168 | 47653 |
|  Deferred tax assets (Note 42) | 72491 | 36167 |
|  Derivative assets (Designated for hedging) (Notes 4, 11, 12, 26 and 45) | 37010 | 10102 |
|  Net defined benefit assets (Note 24) | 160337 | 137916 |
|  Other assets (Notes 19 and 45) | 422789 | 366213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 502846196 | 485888941 |
| **LIABILITIES** |  |  |
|  Financial liabilities at FVTPL (Notes 4, 11, 12, 20, 26 and 45) | 6012231 | 9783164 |
|  Deposits due to customers (Notes 4, 11, 21 and 45) | 372337805 | 364032938 |
|  Borrowings (Notes 4, 11, 12, 22 and 45) | 28933534 | 26379689 |
|  Debentures (Notes 4, 11, 12 and 22) | 28662268 | 25534324 |
|  Provisions (Notes 23, 44 and 45) | 637475 | 530106 |
|  Net defined benefit liability (Note 24) | 2903 | 2803 |
|  Current tax liabilities (Note 42) | 694344 | 94655 |
|  Deferred tax liabilities (Note 42) | 579094 | 868848 |
|  Derivative liabilities (Designated for hedging) (Notes 4, 11, 12, 26 and 45) | 27050 | 102634 |
|  Other financial liabilities (Notes 4, 11, 12, 25 and 45) | 34958421 | 29307603 |
|  Other liabilities (Notes 25 and 45) | 313619 | 307289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 473158744 | 456944053 |

---

(Continued)

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF FINANCIAL POSITION** 

**AS OF DECEMBER 31, 2025 AND 2024** 

**(CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br>**2025** | **December 31,**<br>**2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
| **EQUITY** |  |  |
|  Owners' equity: | 29574781 | 28816053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital (Note 28) | 3581392 | 3581392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities (Note 29) | 1406513 | 1645947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus (Note 28) | 1108675 | 1108450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other equity (Note 30) | (1426182) | (1327790) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings (Notes 31 and 32) | 24904383 | 23808054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Regulatory reserve for credit loss) | (2160089) | (1905354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Regulatory reserve for credit loss to be reversed (provisioned for)) | (239509) | (254735) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Planned reversal of (provisioned for) regulatory reserve for credit loss) | (239509) | (254735) |
|  Non-controlling interests | 112671 | 128835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity | 29687452 | 28944888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and equity | 502846196 | 485888941 |

---

The accompanying notes are part of these consolidated financial statements.

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions, except for per share data) | (Korean Won in millions, except for per share data) |
|  Interest income | 17961602 | 19550673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 144034 | 153055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 1278693 | 1281641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at amortized cost | 16538875 | 18115977 |
|  Interest expense | (10145097) | (11984432) |
|  **Net interest income** (Notes 11, 34 and 45) | 7816505 | 7566241 |
|  Fees and commissions income | 1223567 | 1215592 |
|  Fees and commissions expense | (230348) | (209103) |
|  **Net fees and commissions income** (Notes 11, 35 and 45) | 993219 | 1006489 |
|  Dividend income (Notes 11 and 36) | 383469 | 374687 |
|  Net gain on financial instruments at FVTPL (Notes 11, 37 and 45) | 336949 | 1453921 |
|  Net gain on financial assets at FVTOCI (Notes 11 and 38) | 138549 | 96647 |
|  Net gain on financial assets at amortized cost (Note 11) | 28187 | 165192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on disposals of loans and other financial assets at amortized cost | 28187 | 165192 |
|  Provision for expected credit loss allowance (Notes 11, 39 and 45) | (1162903) | (821250) |
|  General and administrative expenses (Notes 40 and 45) | (4293462) | (3746916) |
|  Other operating income (expenses), net (Notes 40 and 45) | (719771) | (2025703) |
|  **Operating income** | 3520742 | 4069308 |
|  Gain on valuation of investments in associates | 45928 | 44067 |
|  Net other non-operating expenses | (207480) | (104388) |
|  **Non-operating expenses** (Notes 13 and 41) | (161552) | (60321) |
|  **Net income before income tax expense** | 3359190 | 4008987 |
|  **Income tax expense** (Note 42) | (777091) | (962051) |
|  **Net income** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Net income after the provision of regulatory reserve for credit loss for the years ended December 31, 2025 and 2024 are 2,342,590 million Won and 2,792,201million Won, respectively) (Note 32) | 2582099 | 3046936 |

---

(Continued)

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**WOORI BANK AND SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions, except for per share data) | (Korean Won in millions, except for per share data) |
|  Net gain (loss) on valuation of equity securities at FVTOCI | 114953 | (142653) |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL | (74) | 1348 |
|  Remeasurement loss related to defined benefit plan | (20041) | (56964) |
|  Changes in capital due to equity method | (957) | (1663) |
|  **Items that will not be reclassified to profit or loss** | 93881 | (199932) |
|  Net gain (loss) on valuation of debt securities at FVTOCI | (154461) | 172152 |
|  Changes in capital due to equity method | (2293) | (6274) |
|  Gain (loss) on foreign currency translation of foreign operations | (116459) | 503398 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | 22319 | (114827) |
|  **Items that may be reclassified to profit or loss** | (250894) | 554449 |
|  **Other comprehensive income (loss), net of tax** (Note 30) | (157013) | 354517 |
|  **Total comprehensive income** | 2425086 | 3401453 |
|  **Net income attributable to:** | 2582099 | 3046936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income attributable to owners | 2589646 | 3039372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (loss) attributable to non-controlling interests | (7547) | 7564 |
|  **Total comprehensive income attributable to:** | 2425086 | 3401453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive income attributable to owners | 2440011 | 3381799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive income (loss) attributable to non-controlling interests | (14925) | 19654 |
|  **Earnings per share** (Note 43) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted earnings per share (Unit : In Korean Won) | 3492 | 4138 |

---

The accompanying notes are part of these consolidated financial statements.

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Capital<br>stock** | **Hybrid<br>securities** | **Capital**<br>**surplus** | **Other**<br>**equity** | **Retained<br>earnings** | **Owners'<br>equity** | **Non-<br>controlling<br>interests** | **Total**<br>**equity** |
|  | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) |
|  **January 1, 2024** | 3581392 | 1546447 | 1096194 | (1568050) | 21925092 | 26581075 | 122377 | 26703452 |
|  Net income |  |  |  |  | 3039372 | 3039372 | 7564 | 3046936 |
|  Dividends on common stocks |  |  |  |  | (1131996) | (1131996) | (3486) | (1135482) |
|  Changes in subsidiaries' capital |  |  | 12256 |  |  | 12256 | (9709) | 2547 |
|  Net gain on changes in credit risk of financial liabilities designated to be measured at FVTPL |  |  |  | 1348 |  | 1348 |  | 1348 |
|  Net gain (loss) on valuation of financial assets at FVTOCI |  |  |  | 29640 |  | 29640 | (141) | 29499 |
|  Net gain (loss) on disposal of financial assets at FVTOCI |  |  |  | (53539) | 53539 |  |  |  |
|  Changes in capital due to equity method |  |  |  | (7937) |  | (7937) |  | (7937) |
|  Equity method capital adjustment |  |  |  | 10 | (10) |  |  |  |
|  Gain on foreign currency translation of foreign operations |  |  |  | 491204 |  | 491204 | 12194 | 503398 |
|  Loss on evaluation of hedges of net investment in foreign operations |  |  |  | (114827) |  | (114827) |  | (114827) |
|  Remeasurement loss related to defined benefit plan |  |  |  | (57000) |  | (57000) | 36 | (56964) |
|  Business combination under the common control |  |  |  | (590) |  | (590) |  | (590) |
|  Dividends on hybrid securities |  |  |  |  | (76249) | (76249) |  | (76249) |
|  Issuance of hybrid securities |  | 757970 |  |  |  | 757970 |  | 757970 |
|  Redemption of hybrid securities |  | (658470) |  | (49743) |  | (708213) |  | (708213) |
|  Appropriation of retained earnings |  |  |  | 1694 | (1694) |  |  |  |
|  **December 31, 2024** | 3581392 | 1645947 | 1108450 | (1327790) | 23808054 | 28816053 | 128835 | 28944888 |
|  **January 1, 2025** | 3581392 | 1645947 | 1108450 | (1327790) | 23808054 | 28816053 | 128835 | 28944888 |
|  Net income |  |  |  |  | 2589646 | 2589646 | (7547) | 2582099 |
|  Dividends on common stocks |  |  |  |  | (1352524) | (1352524) | (1013) | (1353537) |
|  Changes in subsidiaries' capital |  |  | 225 |  |  | 225 | (225) |  |
|  Net loss on changes in credit risk of financial liabilities designated to be measured at FVTPL |  |  |  | (74) |  | (74) |  | (74) |
|  Net gain (loss) on valuation of financial assets at FVTOCI |  |  |  | (39936) |  | (39936) | 428 | (39508) |
|  Net gain (loss) on disposal of financial assets at FVTOCI |  |  |  | 1326 | (1326) |  |  |  |
|  Changes in capital due to equity method |  |  |  | (3250) |  | (3250) |  | (3250) |
|  Loss on foreign currency translation of foreign operations |  |  |  | (108576) |  | (108576) | (7884) | (116460) |
|  Gain on evaluation of hedges of net investment in foreign operations |  |  |  | 22319 |  | 22319 |  | 22319 |
|  Remeasurement gain (loss) related to defined benefit plan |  |  |  | (20118) |  | (20118) | 77 | (20041) |
|  Dividends on hybrid securities |  |  |  |  | (89134) | (89134) |  | (89134) |
|  Redemption of hybrid securities |  | (239434) |  | (416) |  | (239850) |  | (239850) |
|  Appropriation of retained earnings |  |  |  | 50333 | (50333) |  |  |  |
|  **December 31, 2025** | 3581392 | 1406513 | 1108675 | (1426182) | 24904383 | 29574781 | 112671 | 29687452 |

---

The accompanying notes are part of these consolidated financial statements.

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF CASH FLOWS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
|  **Cash flows from operating activities:** |  |  |
|  Net income | 2582099 | 3046936 |
|  Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 777091 | 962051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | (17961602) | (19550673) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 10145097 | 11984432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | (383469) | (374687) |
|  | (7422883) | (6978877) |
|  **Additions of expenses not involving cash outflows:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on financial assets at FVTOCI | 4497 | 4584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for expected credit loss allowance | 1162903 | 821250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on valuation of investments in associates | 6566 | 6292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on disposal of investments in associates | 167 | 36 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on derivatives (designated for hedging) | 9532 | 24252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on fair value hedge | 92138 | 64571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefits | 154119 | 109147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on other provisions | 103785 | 40657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 488090 | 456461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on disposal of properties and equipment, intangible asset and other assets | 1725 | 1661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss on properties and equipment, intangible asset and other assets | 46073 | 217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on foreign currency translation |  | 989283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other losses |  | 10888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses | 1014 | 9509 |
|  | 2070609 | 2538808 |
|  **Deductions of incomes not involving cash inflows:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial instruments at FVTPL | 517832 | 1251052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial assets at FVTOCI | 143070 | 101231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of investments in associates | 52494 | 50359 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of investments in associates |  | 11053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on derivatives (designated for hedging) | 102915 | 40843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on fair value hedge | 12013 | 25469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain related to other provisions | 72 | 3567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of properties and equipment, intangible assets and other assets | 7126 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of impairment loss on properties and equipment, intangible asset and other assets | 300 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of assets held for sale | 33598 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation | 269670 |  |
|  | 1139090 | 1485165 |
|  **Changes in operating assets and liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments at FVTPL | 1199680 | 934120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | (6635346) | (21446518) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (72973) | (23583) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 12384985 | 4556235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | (11117) | (213651) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | (205516) | (103569) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 2846907 | 4783889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 13393 | (6281) |
|  | 9520013 | (11519358) |
|  **Cash received (paid) from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income received | 17823849 | 19762749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense paid | (10431126) | (11439384) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received | 383503 | 374719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax paid | (488261) | (362782) |
|  Net cash inflow (outflow) from operating activities | 12898713 | (6062354) |

---

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**CONSOLIDATED STATEMENTS OF CASH FLOWS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

**(CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial instruments at FVTPL | 19066387 | 13100856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial instruments at FVTPL | (20015510) | (12838805) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial assets at FVTOCI | 30943285 | 26916235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial assets at FVTOCI | (35787465) | (31708549) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of securities at amortized cost | 5890990 | 7634677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of securities at amortized cost | (5312962) | (2586171) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of investments in associates | 29359 | 33161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of investments in associates | (25885) | (52912) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of properties and equipment | 35116 | 9217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of properties and equipment | (271835) | (182754) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of intangible assets | 2754 | 2340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of intangible assets | (137162) | (145126) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of assets held for sale | 82411 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in other assets | 37839 | 18141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business combination under the common control |  | 2627 |
|  Net cash inflow (outflow) from investing activities | (5462678) | 202937 |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase of derivatives (designated for hedging) | (9109) | (25442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in borrowings | 2873831 | (981449) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of debentures | 12818972 | 16756011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of debentures | (9793897) | (13378345) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of lease liabilities | (210536) | (213326) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease in other liabilities | (51) | (17690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to common stocks | (1352524) | (1131996) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  | 757970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities | (240000) | (726055) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to hybrid securities | (89134) | (76249) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to non-controlling interest | (1013) | (3486) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in non-controlling interests |  | 2547 |
|  Net cash inflow from financing activities | 3996539 | 962490 |
|  Effects of exchange rate changes on cash and cash equivalents | (228238) | 1640951 |
|  **Net increase (decrease) in cash and cash equivalents** | 11204336 | (3255976) |
|  **Cash and cash equivalents, the beginning of the year** | 26030754 | 29286730 |
|  **Cash and cash equivalents, the end of the year** | 37235090 | 26030754 |

---

The accompanying notes are part of these consolidated financial statements.

------

**WOORI BANK AND ITS SUBSIDIARIES** 

**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS** 

**AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

**1.** **GENERAL** 

(1) Summary of the Parent company

Woori Bank (hereinafter referred to as the "Bank"), which is a parent company in accordance with Korean International Financial Reporting Standards ("K-IFRS") No.1110 – *'Consolidated Financial Statements'*, was established in 1899 and is engaged in the commercial banking business under the Banking Act, trust business and foreign exchange business under the Financial Investment Services and Capital Market Act (the "Capital Market Act").

As of December 31, 2025, the Bank's shares are wholly owned by Woori Financial Group Inc. ("Woori Financial Group") which was established in accordance with the Financial Holding Companies Act on January 11, 2019. The Bank has 716 million shares and ordinary share capital amounting to 3,581,392 million Korean Won.

The headquarters of the Bank is located at 51, Sogong-ro, Jung-gu, Seoul, Korea. The Bank has 656 branches and offices in Korea, and 16 branches, 8 branch offices and 4 offices overseas as of December 31, 2025.

(2) The consolidated financial statements for Woori Bank and its subsidiaries (the "Group") include the
following subsidiaries:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Main business | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements<br>as of<br>(2025) |
| Subsidiaries | Main business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements<br>as of<br>(2025) |
|  Woori Bank: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori America Bank | Finance | 100.0 | 100.0 | U.S.A. | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Markets Asia Limited | Finance | 100.0 | 100.0 | Hong Kong | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank China Limited | Finance | 100.0 | 100.0 | China | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AO Woori Bank (\*4) | Finance | 100.0 | 100.0 | Russia | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PT Bank Woori Saudara Indonesia 1906 Tbk | Finance | 90.8 | 90.8 | Indonesia | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco Woori Bank do Brasil S.A. | Finance | 100.0 | 100.0 | Brazil | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea BTL Infrastructure Fund | Finance | 99.9 | 99.9 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Finance Myanmar Co., Ltd. | Finance | 100.0 | 100.0 | Myanmar | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wealth Development Bank | Finance | 51.0 | 51.0 | Philippines | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank Vietnam Limited | Finance | 100.0 | 100.0 | Vietnam | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank (Cambodia) PLC | Finance | 100.0 | 100.0 | Cambodia | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank Europe | Finance | 100.0 | 100.0 | Germany | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KAMCO Value Recreation First Securitization Specialty Co., Ltd. (\*1) | Asset securitization | 15.0 | 15.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jeonju Iwon Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wonju I one Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heitz Third Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woorihansoop 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori QS 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dream 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori K 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Display 3rd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Quantum Jump the 2nd Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HW 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Dream 3rd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori SJS 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SPG the 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-HWC 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 3rd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Park I 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 4th Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori SKR 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Main business | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements<br>as of<br>(2025) |
| Subsidiaries | Main business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements<br>as of<br>(2025) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori H chemical 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HE the 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Hub The 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori K The 3rd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori KF 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori L Yongsan 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 5th Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Lotte Dongtan 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HC 6th Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HO 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG 1st Co.,Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Osiria 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gangnam Landmark 2nd Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HP the 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori KF 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HD 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ST 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HW 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Mirae 1st Co., Ltd. (\*5) | Asset securitization |  | 0.0 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori HR 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori QS 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Plasma 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Eugene 1st Co., Ltd. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORIWON 1ST, CO., LIMITED. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI ENERBILITY 1ST, CO., LIMITED. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI HL 1ST, CO., LIMITED. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI SEOUL STATION AREA 1ST, CO,.LTD. (\*1) | Asset securitization | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI PARC1. 2nd Co., Ltd. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI HEROS 1st Co., Ltd. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI GANGNAM ALPHA 1st Co.,Ltd. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI BLOSSOM 1st Co., Ltd. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI DK 1ST CO.,LTD. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI TECHONE 1ST CO.,LTD (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI TECHONE 2ND CO.,LTD (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI SONO 1ST CO.,LTD (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; URI NC 1ST CO.,LTD. (\*1) | Asset securitization | 0.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heungkuk Global Private Placement Investment<br>Trust No. 1 (\*2) | Securities investment | 98.8 | 98.8 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AI Partners UK Water Supply Private Placement Investment Trust No. 2 (\*2) | Securities investment | 97.3 | 97.3 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 (\*2) | Securities investment | 99.0 | 99.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IGIS Australia Investment Trust No. 209-1 (\*2) | Securities investment | 99.4 | 99.4 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori North America Energy Infrastructure Private Placement Investment Trust No. 1 (\*2) | Securities investment | 99.3 | 99.3 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust (\*2) | Securities investment | 99.9 | 99.9 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Infrastructure New Deal Private Placement Investment Trust No. 1 (\*2) | Securities investment | 99.5 | 99.5 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Secondary Private Placement Investment Trust No. 1 (\*2) | Securities investment | 98.8 | 98.8 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG Infrastructure Development Private Placement Investment Trust No. 1 (\*2) | Securities investment | 95.2 | 95.2 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment<br>Trust No. 2 (\*5) | Securities investment |  | 97.3 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment<br>Trust No. 1 (\*2) | Securities investment | 97.7 | 97.4 | Korea | December 31 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Main business | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | Location | Financial<br>statements<br>as of<br>(2025) |
| Subsidiaries | Main business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements<br>as of<br>(2025) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JB Airline Private Placement Investment<br>Trust No. 8 (\*2) | Securities investment | 97.0 | 97.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment<br>Trust No. 4 (\*2) | Securities investment | 96.2 | 96.2 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 (\*2) | Securities investment | 93.5 | 93.5 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Fund Financing General Type Private Investment Trust (\*2) | Securities investment | 99.0 | 99.3 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kiwoom Harmony Private Placement Investment Trust No. 9 (\*2) | Securities investment | 100.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Bank Partners General Type Private Investment Trust No. 4 | Securities investment | 99.0 |  | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Guaranteed Trust (\*3) | Trust | 0.0 | 0.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal and Interest Guaranteed Trust (\*3) | Trust | 0.0 | 0.0 | Korea | December 31 |
|  Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MAGI No.5 LuxCo S.a.r.l. | Asset securitization | 54.6 | 54.6 | Luxembourg | December 31 |
|  MAGI No.5 LuxCo S.a.r.l: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ADP 16 Brussels | Asset securitization | 100.0 | 100.0 | Belgium | December 31 |
|  Woori ESG Infrastructure Development General Private Investment Trust No. 1: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Global Infrastructure Development Co., Ltd. | Other Finance | 100.0 | 100.0 | Korea | December 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Namyangju Resource Circulation Facility Development Co., Ltd. | Other professional service | 100.0 | 100.0 | Korea | December 31 |

---

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| | |
|:---|:---|
| (\*1) | The entity is a structured entity for the purpose of asset securitization. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.  |

---

---

| | |
|:---|:---|
| (\*2) | The entity is a structured entity for the purpose of investment in securities. Although the Group is not a majority shareholder, the Group 1) has the power over the investee, 2) is exposed to or has rights to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns.  |

---

---

| | |
|:---|:---|
| (\*3) | It was determined that the consolidated entity controlled the monetary trust under the Capital Markets Act, taking into account the power of less than half of the ownership stake in investment-related activities, exposure to variable returns, and the ability to use power to affect the variable returns of the consolidated entity.  |

---

---

| | |
|:---|:---|
| (\*4) | Following Russia's further invasion of Ukraine in February 2022, various countries, including the United States, have imposed additional sanctions on a number of Russian individuals and entities, and restricted or prohibited certain activities relating to Russia such as making new investments or the provision of certain services. These sanctions may result in a decrease in the value of financial or operating assets held by banks in relation to the disputed country, an increase in the collection period, restrictions on capital transfers, and a decrease in profits. As a result, the Group expect future financial impacts on the business of its subsidiary, AO Woori Bank of Russia, as of December 31, 2025, but it is difficult to assess the maximum potential exposure or the ultimate adverse impact with any degree of certainty.  |

---

(\*5) Excluded from the consolidation due to the end of the credit facilities for the year ended December 31, 2025.

------

(3) The Group has not consolidated the following entities as of December 31, 2025 and 2024 despite having more
than 50% ownership interest:

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2025 | As of December 31, 2025 | As of December 31, 2025 |
| Structured Entities | Location | Main<br> Business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust No. 7 (\*1) | Korea | Securities Investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities Investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities Investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities Investment | 69.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities Investment | 69.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities Investment | 66.7 |
|  Hangang Blue Water Private Placement Special Asset Investment Trust (\*1) | Korea | Securities Investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities Investment | 55.2 |
|  Woori Innovative Growth General Private Equity Special Asset Investment<br>Trust No. 1 (\*1) | Korea | Securities Investment | 55.0 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities Investment | 58.3 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] (\*3) | Korea | Securities Investment | 100.0 |
|  Woori Innovative Growth General Private Equity Special Asset Investment<br>Trust No. 2 (\*1) | Korea | Securities Investment | 55.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 (\*1) | Korea | Securities Investment | 92.6 |
|  Woori Private Real Estate Investment Trust No. 1 (\*1) | Korea | Securities Investment | 86.8 |
|  INMARK France Private Placement Real Estate Investment Trust No. 18-1 (\*1) | Korea | Securities investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W (EUR) (\*2) | Korea | Securities investment | 99.5 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 80.0 |
|  KOTAM Global Infrastructure Private Equity Investment Trust No. 1-4 (\*2) | Korea | Securities investment | 99.7 |
|  Hana UBS Class One Private Equity No. 3 C2 (\*1) | Korea | Securities investment | 51.0 |
|  Consus Gyeongju Green Private Equity Investment Trust No. 1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 65.0 |
|  Woori Private Real Estate Investment Trust No. 5 (\*1) | Korea | Securities investment | 87.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 76.7 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 (\*1) | Korea | Securities investment | 79.8 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment<br>Trust No.1 (\*1) | Korea | Securities investment | 66.7 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 80.0 |
|  Kiwoom Aurora Private Placement Securities Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 60.0 |
|  NH-Amundi WSCP VIII Private Placement Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (USD) (\*2) | Korea | Securities investment | 98.0 |
|  Woori Equity Investment General Type Private Investment Trust No.1 (\*1) | Korea | Securities investment | 93.8 |
|  Hangang New Deal Infrastructure BTL Private Equity Investment Trust No. 4 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 66.7 |
|  Woori Financial Digital Investment Association No. 1 (\*1) | Korea | Securities investment | 88.0 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 85.0 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2025 | As of December 31, 2025 | As of December 31, 2025 |
| Structured Entities | Location | Main<br> Business | Percentage of<br>ownership (%) |
|  IGIS Global Private Placement Real Estate Fund No. 316-1 (\*2) | Korea | Securities investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities investment | 97.7 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment<br>Trust No.1 (\*2) | Korea | Securities investment | 99.9 |
|  Woori Private Real Estate Investment Trust No. 6 (\*1) | Korea | Securities investment | 85.0 |
|  Woori New Growth Credit Fund 1 (\*1) | Korea | Securities investment | 70.9 |
|  Woori Asset Global Partnership Fund No. 5 (\*1) | Korea | Securities investment | 57.7 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 82.6 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities investment | 76.9 |
|  CHILLE PMGD Solar PV Investment Project Fund II (\*2) | Korea | Securities investment | 75.2 |
|  Woori Financial Dino Lab Investment Association No. 1 (\*1) | Korea | Securities investment | 70.0 |
|  Woori Bank Partners General Type Private Investment Trust No.3 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1 (USD) (\*1) | Korea | Securities investment | 80.0 |
|  NH-Amundi BXD Private Placement Real Estate Investment Trust No. 2 (USD) (\*2) | Korea | Securities investment | 77.8 |
|  Woori Private Real Estate Investment Trust No. 7 (\*1) | Korea | Securities investment | 87.0 |
|  Woori Junior Equity General Type Private Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 50.0 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 (\*1) | Korea | Securities investment | 92.8 |
|  Woori Financial Dino Lab Investment Association No. 2 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Top-Class Senior Junior Private Placement Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Woori Real Estate Blind Investment Private Placement Trust No.1 (\*2) | Korea | Securities investment | 70.0 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2 (EUR) (\*1) | Korea | Securities investment | 80.0 |

---

---

| | |
|:---|:---|
| (\*1) | Since the investee is a discretionary funds, the Group does not have power over the investee because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*2) | The investment target for the fund was predefined, and the disposition of investment assets cannot be determined by the Group, and as a fund of funds, the Group does not have ability to make decisions regarding investment assets in parent funds. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | Since the investee is a stock market stabilization fund, the Group does not have power over such fund as the fund's relevant activities are determined by the investment management committee, over which the Group does not have substantive rights. The Group does not have the power over the fund's relevant activities even though the Group holds more than 50% of ownership interest.  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2024 | As of December 31, 2024 | As of December 31, 2024 |
| Structured Entities | Location | Main<br> Business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust No. 7 (\*1) | Korea | Securities Investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities Investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities Investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities Investment | 69.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities Investment | 69.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities Investment | 66.7 |
|  Hangang Blue Water Private Placement Special Asset Investment Trust (\*1) | Korea | Securities Investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities Investment | 55.2 |
|  Woori Innovative Growth General Private Equity Special Asset Investment<br>Trust No. 1 (\*1) | Korea | Securities Investment | 55.0 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities Investment | 58.3 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] (\*3) | Korea | Securities Investment | 100.0 |
|  Woori Innovative Growth General Private Equity Special Asset Investment<br>Trust No. 2 (\*1) | Korea | Securities Investment | 55.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust <br>No. 1 (\*1) | Korea | Securities Investment | 92.6 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | As of December 31, 2024 | As of December 31, 2024 | As of December 31, 2024 |
| Structured Entities | Location | Main<br> Business | Percentage of<br>ownership (%) |
|  Woori Private Real Estate Investment Trust No. 1 (\*1) | Korea | Securities Investment | 84.9 |
|  INMARK France Private Placement Real Estate Investment Trust No. 18-1 (\*1) | Korea | Securities investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W (EUR) (\*2) | Korea | Securities investment | 99.5 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 80.0 |
|  KOTAM Global Infrastructure Private Equity Investment Trust No. 1-4 (\*2) | Korea | Securities investment | 99.7 |
|  Hana UBS Class One Private Equity No. 3 C2 (\*1) | Korea | Securities investment | 51.0 |
|  Consus Gyeongju Green Private Equity Investment Trust No. 1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 65.0 |
|  Woori Private Real Estate Investment Trust No. 5 (\*1) | Korea | Securities investment | 87.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 76.7 |
|  Consus Solar Energy Private Placement Investment Trust No.1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 (\*1) | Korea | Securities investment | 79.8 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment Trust No.1 (\*1) | Korea | Securities investment | 66.7 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 80.0 |
|  Kiwoom Aurora Private Placement Securities Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 60.0 |
|  NH-Amundi WSCP VIII Private Placement Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (USD) (\*2) | Korea | Securities investment | 98.0 |
|  Woori Equity Investment General Type Private Investment Trust No. 1 (\*1) | Korea | Securities investment | 93.8 |
|  Hangang New Deal Infrastructure BTL Private Equity Investment Trust No. 4 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 66.7 |
|  Woori Financial Digital Investment Association No. 1 (\*1) | Korea | Securities investment | 88.0 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 85.0 |
|  IGIS Global Private Placement Real Estate Fund No. 316-1 (\*2) | Korea | Securities investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities investment | 97.7 |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No. 1-2 (\*2) | Korea | Securities investment | 98.8 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment<br>Trust No.1 (\*2) | Korea | Securities investment | 99.9 |
|  Woori Private Real Estate Investment Trust No. 6 (\*1) | Korea | Securities investment | 85.0 |
|  Woori New Growth Credit Fund 1 (\*1) | Korea | Securities investment | 70.9 |
|  Woori Asset Global Partnership Fund No. 5 (\*1) | Korea | Securities investment | 57.7 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 82.6 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities investment | 76.9 |
|  CHILLE PMGD Solar PV Investment Project Fund II (\*2) | Korea | Securities investment | 75.2 |
|  Woori Financial Dino Lab Investment Association No. 1 (\*1) | Korea | Securities investment | 70.0 |
|  Woori Bank Partners General Type Private Investment Trust No. 3 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1 (USD) (\*1) | Korea | Securities investment | 80.0 |
|  NH-Amundi BXD Private Placement Real Estate Investment Trust No. 2 (USD) (\*2) | Korea | Securities investment | 77.8 |
|  Woori Private Real Estate Investment Trust No. 7 (\*1) | Korea | Securities investment | 87.0 |
|  Woori Junior Equity General Type Private Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 50.0 |

---

------

---

| | |
|:---|:---|
| (\*1) | Since the investee is a discretionary funds, the Group does not have power over the investee because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Group, but also for other investors as well. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*2) | The investment target for the fund was predefined, and the disposition of investment assets cannot be determined by the Group, and as a fund of funds, the Group does not have ability to make decisions regarding investment assets in parent funds. The Group does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | Since the investee is a stock market stabilization fund, the Group does not have power over such fund as the fund's relevant activities are determined by the investment management committee, over which the Group does not have substantive rights. The Group does not have the power over the fund's relevant activities even though the Group holds more than 50% of ownership interest.  |

---

(4) The summarized financial information of the major subsidiaries is as follows. The financial information of each
subsidiary was prepared on the basis of consolidated financial statements. (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Assets | Liabilities | Operating<br>revenue | Net income<br>(loss)<br>attributable to<br>owners | Total<br>comprehensive<br>income (loss)<br>attributable to<br>owners |
|  Woori America Bank | 5689437 | 4924553 | 300381 | 52975 | 39253 |
|  Woori Global Markets Asia Limited | 860673 | 606703 | 60135 | 21735 | 17816 |
|  Woori Bank China Limited | 6588780 | 5861752 | 275334 | (52742) | (45931) |
|  AO Woori Bank | 616006 | 451847 | 67350 | 31127 | 68949 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 5261114 | 4160256 | 361526 | (74133) | (143527) |
|  Banco Woori Bank do Brasil S.A. | 222794 | 207470 | 25143 | (8712) | (5113) |
|  Korea BTL Infrastructure Fund | 766563 | 292 | 26464 | 23751 | 24604 |
|  Woori Finance Myanmar Co., Ltd. | 49785 | 23582 | 11592 | 2911 | 2369 |
|  Wealth Development Bank | 284766 | 239272 | 21399 | (1474) | (3434) |
|  Woori Bank Vietnam Limited | 4670022 | 3659430 | 422688 | 71646 | 17780 |
|  Woori Bank (Cambodia) PLC | 1920614 | 1303923 | 233323 | 4316 | (10624) |
|  Woori Bank Europe | 963445 | 838396 | 27849 | (4193) | 8391 |
|  Money trust under the FISCM Act | 1120413 | 1097773 | 52318 | (3466) | (3466) |
|  Structured entity for securitization of financial assets | 2218545 | 2573528 | 92275 | 2106 | (188) |
|  Structured entity for the investments in securities | 2246851 | 63940 | 109913 | 91228 | 90067 |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Assets | Liabilities | Operating<br>revenue | Net income<br>(loss)<br>attributable to<br>owners | Total<br>comprehensive<br>income (loss)<br>attributable to<br>owners |
|  Woori America Bank | 5603828 | 4878197 | 278248 | 37240 | 125569 |
|  Woori Global Markets Asia Limited | 764409 | 528256 | 60999 | 22453 | 49694 |
|  Woori Bank China Limited | 7025618 | 6252659 | 309973 | 20178 | 101666 |
|  AO Woori Bank | 507190 | 411981 | 56523 | 30459 | 20742 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 5423733 | 4168715 | 386889 | 56768 | 156791 |
|  Banco Woori Bank do Brasil S.A. | 230713 | 210275 | 23555 | (1412) | (5629) |
|  Korea BTL Infrastructure Fund | 734750 | 286 | 26829 | 24273 | 23946 |
|  Woori Finance Myanmar Co., Ltd. | 46102 | 22268 | 10653 | 2318 | 5121 |
|  Wealth Development Bank | 272386 | 223457 | 22275 | 1559 | 5782 |
|  Woori Bank Vietnam Limited | 3932302 | 2939490 | 371959 | 61565 | 132345 |
|  Woori Bank (Cambodia) PLC | 2212892 | 1585577 | 241234 | (14786) | 53564 |
|  Woori Bank Europe | 860239 | 743581 | 41167 | (6330) | 865 |
|  Money trust under the FISCM Act | 1201313 | 1175208 | 51546 | 2935 | 2935 |
|  Structured entity for securitization of financial assets | 2179838 | 2548776 | 103230 | (5533) | 2585 |
|  Structured entity for the investments in securities | 2138102 | 62111 | 122417 | 97685 | 127430 |

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(5) The financial support that the Group provides to consolidated structured entities is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Structured entity for asset securitization

The structured entity which is established for the purpose of securitization of project financing loans, corporate bonds, and other financial assets. The Group is involved with the structured entity through provision of credit facility over asset-backed commercial papers issued by the entity, originating loans directly to the structured entity, or purchasing 100% of the subordinated debts issued by the structured entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Structured entity for the investments in securities

The structured entity is established for the purpose of investments in securities. The Group acquires beneficiary certificates through its contribution of funding to the structured entity by the Group, and it is exposed to the risk that it may not be able to recover its fund depending on the result of investment performance of asset managers of the structured entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Monetary trust under the Financial Investment Services and Capital Markets Act

The Group provides with financial guarantee of principal and interest or solely principal to some of its trust products. Due to the financial guarantees, the Group may be obliged when the principal and interest or principal of the trust product sold is short of the guaranteed amount depending on the result of investment performance of the trust product.

As of December 31, 2025 and December 31, 2024, the Group provides 2,199,949 million Won and 2,166,871 million Won of credit facilities for the structured entities mentioned above. As of December 31, 2025 and December 31, 2024 the purchase commitment amount is 1,727,021 million Won and 650,997 million Won, respectively.

(6) The Group has entered into various agreements with structured entities such as asset securitization, structured
finance, investment fund, and trust contract. The characteristics and the nature of risks related to unconsolidated structured entities over which the Group does not have control in accordance with K-IFRS No.1110 – *'Consolidated Financial Statements'* are as follows:

The ownership interests on unconsolidated structured entities that the Group hold are classified into asset securitization vehicles, structured finance and investment fund, based on the nature and the purpose of the structured entities.

The unconsolidated structured entities classified as 'asset securitization vehicles' are entities that issue asset-backed securities, pay the principal and interest or distribute dividends on asset-backed securities through borrowings or profits from the management, operation and sale of securitized assets. The Group transfers related risks by the purchase commitments of asset-backed securities or issuance of asset-backed securities through credit facilities, and the Group recognize related interest or fee revenue. There are entities that provide additional funding and conditional debt acquisition commitments before the Group's financial support, but the Group is still exposed to losses arising from the purchase of financial assets issued by the structured entities when it fails to renew the securities.

The unconsolidated structured entities classified as 'structured financing' include real estate project financing investment vehicle, social overhead capital companies, and special purpose vehicles for ship (aircraft) financing. Each entity is incorporated as a separate company with a limited purpose in order to efficiently pursue business goals. 'Structured financing' is a financing method for large-scale risky business, with investments made based on feasibility of the specific business or project, instead of credit of business owner or physical collaterals. The investors receive profits from the operation of the business. The Group recognizes interest revenue, profit or loss from valuation or transactions of financial instruments, or dividend income. With regard to uncertainties involving structured financing, there are entities that provide financial support such as additional fund, guarantees and prioritized credit facilities prior to the Group's intervention, but the Group is exposed to possible losses due to loss of principal from reduction in investment value or irrecoverable loans arising from failure to collect scheduled cash flows and cessation of projects.

------

The unconsolidated structured entities classified as 'investment funds' include investment trusts and private equity funds. An investment trust orders the investment and operation of funds to the trust manager in accordance with trust contract with profits distributed to the investors. Private equity funds raise funding required to acquire equity securities to enable direction of management and/or improvement of ownership structure, with profit distributed to the investors. The Group recognizes pro rata amount of dividend income as an investor in the same way as 'structured finance' and may be exposed to losses due to reduction in investment value. As of December 31, 2025 and December 31, 2024, the investment value in MMF (Money Market Funds)and ETF(Exchanged Traded Funds) amounted to 309,121 million Won and 22,850 million Won, respectively, and there are no additional MMF and ETF-related commitments.

Total assets of the unconsolidated structured entities held by the Group, the carrying value of the related items recorded, the maximum exposure to risks, and the loss recognized in conjunction with the unconsolidated structured entities as of December 31, 2025 and December 31, 2024 are as follows: The maximum exposure to risks includes the amounts that are recognized in the consolidated financial statements and will be confirmed when certain conditions are met in the future such as investments, purchase commitments, credit facilities and others. (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Asset<br>securitization<br>vehicle | Structured<br>finance | Investment<br>funds |
|  Total asset of the unconsolidated structured entities | 7354095 | 109514092 | 308923503 |
|  Assets recognized in the consolidated financial statements related to the unconsolidated structured entities | 5304248 | 3874855 | 10356285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  | 1449 | 9881605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 1255413 | 50419 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at amortized cost | 4048835 | 3821790 | 275198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in associates |  |  | 199482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 1197 |  |
|  Liabilities recognized in the consolidated financial statements related to the unconsolidated structured entities | 162 | 1569 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liability |  | 89 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities (provisions) | 162 | 1480 | 296 |
|  The maximum exposure to risks (\*) | 5324018 | 4844385 | 16112524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 5304248 | 3874855 | 10356285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase agreement |  |  | 5491639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit facilities | 19770 | 969530 | 264600 |
|  Loss recognized on unconsolidated structured entities |  | 343 | 166364 |

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(\*) This is the amount after deducting the expected credit loss allowance.

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| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Asset<br>securitization<br>vehicle | Structured<br>finance | Investment<br>funds |
|  Total asset of the unconsolidated structured entities | 7286074 | 74946966 | 255076205 |
|  Assets recognized in the consolidated financial statements related to the unconsolidated structured entities | 6852171 | 3390015 | 9325909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  | 1792 | 9042357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 1813481 | 44477 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at amortized cost | 5038690 | 3341655 | 79879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in associates |  |  | 201084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 2091 | 2589 |
|  Liabilities recognized in the consolidated financial statements related to the unconsolidated structured entities | 242 | 1774 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liability |  | 421 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities (provisions) | 242 | 1353 |  |
|  The maximum exposure to risks (\*) | 6929431 | 4083019 | 14655904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments | 6852171 | 3390015 | 9325909 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase agreement |  |  | 5329995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit facilities | 77260 | 693004 |  |
|  Loss recognized on unconsolidated structured entities |  | 319 | 150552 |

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(\*) This is the amount after deducting the expected credit loss allowance.

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(7) The share of non-controlling interests on the net income and equity of
subsidiaries of which non-controlling interests that are significant to the Group's consolidated financial statements as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

1) Accumulated non-controlling interests at the end of the reporting period

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| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk |  | 89767 |  | 104023 |
|  Wealth Development Bank |  | 22292 |  | 23975 |

---

2) Net income or loss attributable to non-controlling interests

---

| | | |
|:---|:---|:---|
|  | For the years ended<br>December 31 | For the years ended<br>December 31 |
|  | 2025 | 2024 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | (6856) | 6764 |
|  Wealth Development Bank | (722) | 764 |

---

3) Dividends to non-controlling interests

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the years ended<br>December 31 | For the years ended<br>December 31 | For the years ended<br>December 31 | For the years ended<br>December 31 |
|  | 2025 | 2025 | 2024 | 2024 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk |  | 983 |  | 3450 |

---

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**2.** **BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES** 

(1) Basis of presentation

The Group maintains its accounting records in Korean won and prepares statutory financial statements in the Korean language (Hangul) in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (K-IFRS). The accompanying consolidated financial statements have been restructured and translated into English from the Korean language financial statements.

Certain information attached to the Korean language financial statements, but not required for a fair presentation of the Group's financial position, financial performance or cash flows, is not presented in the accompanying consolidated financial statements.

The consolidated financial statements of the Group have been prepared in accordance with K-IFRS. These are the standards, subsequent amendments and related interpretations issued by the International Accounting Standards Board (IASB) that have been adopted by the Republic of Korea.

The material accounting policies applied in the preparation of consolidated financial statements as of and for the year ended December 31, 2025 are stated below, and the accounting policies applied are identical to ones used in the preparation of previous year's consolidated financial statements, except for the effects of adopting new standards or interpretations as explained below.

The consolidated financial statements are prepared at the end of each reporting period on the historical cost basis, except for certain non-current assets and financial assets that are either revalued or measured in fair value. Historical cost is generally measured at the fair value of consideration given to acquire assets.

Meanwhile, the consolidated financial statements of the Group were initially approved by the Board of Directors on February 5, 2026, subsequently amended and approved on February 27, 2026, and are scheduled to be approved at the annual shareholder's meeting on March 20, 2026.

1) From the accounting period beginning on January 1, 2025, the Group has newly applied the following amendments and interpretations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Amendments to K-IFRS No.1021 *'The Effects of Changes in Foreign Exchange Rates'* and K-IFRS No.1101 *'First-time Adoption of International Financial Reporting Standards' –* Lack of Exchangeability **  

When an entity estimates a spot exchange rate because exchangeability between two currencies is lacking, the entity shall disclose related information. The amendments do not have a significant impact on the consolidated financial statements.

2) The details of K-IFRS that have been issued and published as of January 1, 2025 but have not yet reached the effective date, and which the Group has not applied at an earlier date are as follows :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Amendments to K-IFRS No.1109 *'Financial Instruments',* K-IFRS No.1107 *'Financial Instruments: Disclosures'* 

When an entity K-IFRS No.1109 *'Financial Instruments'* and K-IFRS No.1107 *'Financial Instruments: Disclosures'* have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Group is in review for the impact of these amendments on the consolidated financial statements. These amendments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• permit to deem the financial liability to be settled (discharged) through an electronic payment system before the
settlement date in cases of meeting certain conditions;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal
and interest (SPPI) criterion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• add new disclosures of impact on the entity and the extent to which the entity is exposed for each class of
financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• update the disclosures for equity instruments designated at fair value through other comprehensive income
(FVTOCI).

ii) Annual Improvements to K-IFRS

Annual Improvements to K-IFRS should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Group is in review for the impact of these amendments on the consolidated financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1101 *'First-time Adoption of International Financial Reporting Standards'*: *Hedge accounting by a first-time adopter* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1107 *'Financial Instruments: Disclosures'*: *Gain or loss on derecognition and implementation guidance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1109 *'Financial Instruments'*: *Derecognition of lease liabilities and definition of transaction price* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1110 *'Consolidated Financial Statements'*: *Determination of a 'de facto agent'* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1007 *'Statement of Cash Flows'*: *Cost method* 

iii) Standards to Korean IFRS 1118 *'Presentation and Disclosure in Financial Statements'*

K-IFRS No.1118 *'Presentation and Disclosure in Financial Statements'* replaces K-IFRS No. 1001 *'Presentation of Financial Statements'*. The new presentation requirements introduced in K-IFRS No. 1118 will increase the comparability of the financial performance of similar entities, especially with respect to how 'operating profit or loss' is defined. The new disclosure requirements for 'management-defined performance measures' will enhance transparency. The amendments should be applied for annual periods beginning on or after January 1, 2027, and earlier application is permitted. In accordance with the retrospective application requirements, comparative information for the year ended December 31, 2026, shall be restated under K-IFRS No. 1118.

The Group has not yet adopted K-IFRS No. 1118 and is in the process of determining the impact of its adoption. The Group has prepared a transition plan and is on track to report its first K-IFRS No. 1118-compliant interim financial statements for the period ending March 31, 2027 and annual financial statements for the period ending December 31, 2027.

Management is currently reviewing the impact of adopting K-IFRS No. 1118 on the Group's consolidated financial statements. While the adoption of the new standard is not expected to affect the Group's net profit or loss, it will require revenues and expenses in the statement of profit or loss to be classified into new categories, consequently affecting the calculation and presentation of operating profit.

(2) Basis of consolidated financial statement presentation

The consolidated financial statements incorporate the financial statements of the Bank and the entities (including structured entities) controlled by the Bank (and its subsidiaries, which is the "Group"). Control is achieved where the Group 1) has the power over the investee, 2) is exposed, or has rights, to variable returns from its involvement with the investee, and 3) has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

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When the Group has less than a majority of the voting rights of an investee, it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Group considers all relevant facts and circumstances in assessing whether or not the Group's voting rights in an investee are sufficient to give it power, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The relative size of the Group's holding of voting rights and dispersion of holdings of the other vote
holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Potential voting rights held by the Group, other vote holders or other parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Rights arising from other contractual arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any additional facts and circumstances that indicate that the Group has, or does not have, the current ability to
direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders' meetings.

Income and expenses of subsidiaries acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the date the Group gains control until the date when the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income are attributed to the owner of the Group and to the non-controlling interests. Total comprehensive income of subsidiaries is attributed to the owner of the Group and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

If a subsidiary uses accounting policies other than those of the Group for like transactions and events in similar circumstances, if necessary, adjustments shall be made to make the subsidiary's accounting policies conform to those of the Group to prepare the consolidated financial statements.

All intra-group transactions and, related assets and liabilities, income and expenses are eliminated in full when preparing the consolidated financial statements.

Changes in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests is adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owner of the parent company.

When the Group loses control of a subsidiary, a gain or loss on disposal is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. When assets of the subsidiary are carried at revalued amounts or fair values and the related cumulative gain or loss has been recognized in other comprehensive income and accumulated in equity, the amounts previously recognized in other comprehensive income and accumulated in equity are accounted for as if the Group had directly disposed of the relevant assets (i.e. reclassified to profit or loss or transferred directly to retained earnings). The fair value of any investment retained in the former subsidiary at the date when control is lost is recognized as the fair value on initial recognition for subsequent accounting under K-IFRS 1109 '*Financial Instruments'* or, when applicable, the cost on initial recognition of an investment in an associate or a joint venture.

(3) Business combinations

Acquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured as the sum of the acquisition-date fair values of the assets transferred by the Group in exchange for control of the acquiree, liabilities assumed by the Group for the former owners of the acquiree and the equity interests issued by the Group. Acquisition-related costs are generally recognized in profit or loss as incurred.

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At the acquisition date, the acquiree's identifiable assets, liabilities and contingent liabilities that meet the condition for recognition under K-IFRS No.1103 are recognized at their fair value, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• deferred tax assets or liabilities and assets or liabilities related to employee benefit arrangements are
recognized and measured in accordance with K-IFRS No.1012 *'Income Taxes'* and K-IFRS No.1019 *'Employee Benefits'*, respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based
payment arrangements of the Group entered into to replace share-based payment arrangements of the acquiree are measured in accordance with K-IFRS No.1102 *'Share-based Payment at the acquisition date'*; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• non-current assets (or disposal groups) that are classified as held for
sale in accordance with K-IFRS No.1105 *'Non-current Assets Held for Sale and Discontinued Operations'* are measured at the lower of their previous
carrying amounts and fair value less costs to sell.

Any excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of the Group's previously held equity interest (if any) in the acquiree over the net of identifiable assets and liabilities assumed of the acquiree at the acquisition date is recognized as goodwill which is included in intangible assets.

If, after reassessment, the Group's interest in the fair value of the acquiree's identifiable net assets exceeds the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any), the excess is recognized immediately in profit or loss as a bargain purchase.

Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity's net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests' proportionate share of the recognized amounts of the acquiree's identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Other types of non-controlling interests are measured at fair value.

When the consideration transferred by the Group in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the 'measurement period' (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.

The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Contingent consideration other than the above is remeasured at subsequent reporting dates as appropriate, with the corresponding gain or loss being recognized in profit or loss.

When a business combination is achieved in stages, the Group's previously held equity interest in the acquiree is remeasured at fair value at the acquisition date (i.e., the date when the Group obtains control) and the resulting gain or loss, if any, is recognized in profit or loss (or other comprehensive income, if applicable). Amounts arising from changes in value of interests in the acquiree prior to the acquisition date that have previously been recognized in other comprehensive income are recognized, identical to the treatment assuming interests are sold directly.

A business combination under common control—where the same party ultimately controls all of the combining entities or businesses both before and after the combination, and such control is not transitory—is regarded, from the perspective of the controlling shareholder, as a transaction that results only in a legal reorganization without any substantive economic change. Accordingly, the acquiree's assets and liabilities are recognized at their carrying amounts as recorded in the financial statements of the ultimate parent, and any difference between the consideration transferred and the carrying amount is reflected in equity.

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(4) Investments in joint ventures and associates

An associate is an entity over which the Group has significant influence, and that is not a subsidiary or a joint venture. Significant influence is the power to participate in making decision on the financial and operating policy of the investee but is not control or joint control over those policies.

A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to net assets relating to the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.

The net income of the current period and the assets and liabilities of the joint ventures and associates are incorporated in these consolidated financial statements using the equity method of accounting, except when the investment is classified as held for sale, in which case it is accounted for in accordance with K-IFRS No.1105 *'Non-current Assets Held for Sale and Discontinued Operations'*. Under the equity method, an investment in the joint ventures and associates is initially recognized in the consolidated statements of financial position at cost and adjusted thereafter to recognize the Group's share of the net assets of the joint ventures and associates and any impairment. When the Group's share of losses of the joint ventures and associates exceeds the Group's interest in the associate, the Group discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Group has incurred legal or constructive obligations or made payments on behalf of the joint ventures and associates.

Any excess of the cost of acquisition over the Group's share of the net fair value of the identifiable assets, liabilities and contingent liabilities of the joint ventures and associates recognized at the date of acquisition is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Group's share of the net fair value of the identifiable assets, liabilities and contingent liabilities over the cost of acquisition is recognized immediately in profit or loss.

Upon a loss of significant influence over the joint ventures and associates, the Group discontinues the use of the equity method and measures at fair value of any investment that the Group retains in the former joint ventures and associates from the date when the Group loses significant influence. The fair value of the investment is regarded as its fair value on initial recognition as a financial asset in accordance with K-IFRS No.1109 *'Financial Instruments'*; Recognition and Measurement. The Group recognized differences between the carrying amount and fair value in profit or loss and it is included in determination of the gain or loss on disposal of joint ventures and associates. The Group accounts for all amounts recognized in other comprehensive income in relation to that joint ventures and associates on the same basis as would be required if the joint ventures and associates had directly disposed of the related assets or liabilities. Therefore, if a gain or loss previously recognized in other comprehensive income by an associate would be reclassified to net income on the disposal of the related assets or liabilities, the Group reclassifies the gain or loss from equity to net income as a reclassification adjustment.

When the Group's ownership of interest in an associate or a joint venture decreases but the Group continues to maintain significant influence over an associate or a joint venture, the Group reclassifies to profit or loss the proportion of the gain or loss that had previously been recognized in other comprehensive income relating to that decrease in ownership interest if the gain or loss would be reclassified to profit or loss on the disposal of the related assets or liabilities. Meanwhile, if interest on associate or joint venture meets the definition of non-current asset held for sale, it is accounted for in accordance with K-IFRS No.1105.

The requirements of K-IFRS No.1028 *- 'Investments in Associates and Joint Ventures'* to determine whether there has been a loss event are applied to identify whether it is necessary to recognize any impairment loss with respect to the Group's investment in the joint ventures and associates. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with K-IFRS No.1036 - *'Impairment of Assets'* as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs to sell) with its carrying amount. Any impairment loss recognized is not allocated to any asset (including goodwill), which forms part of the carrying amount of the investment. Any reversal of that impairment loss is recognized in accordance with K-IFRS No.1036 to the extent that the recoverable amount of the investment subsequently increases.

The Group continues to use the equity method when an investment in an associate becomes an investment in a joint venture or an investment in a joint venture becomes an investment in an associate. There is no remeasurement to fair value upon such changes in ownership interests.

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When a subsidiary transacts with an associate or a joint venture of the Group, profits and losses resulting from the transactions with the associate or joint venture are recognized in the Group's consolidated financial statements only to the extent of interests in the associate or joint venture that are not related to the Group.

(5) Investment in Joint operation

A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.

When the Group operates as a joint operator, it recognizes in relation to its interest in a joint operation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its assets, including its share of any assets held jointly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its liabilities, including its share of any liabilities incurred jointly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its revenue from the sale of its share of the output arising from the joint operation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its share of the revenue from the sale of the output by the joint operation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its expenses, including its share of any expenses incurred jointly.

The Group accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with K-IFRSs applicable to the particular assets, liabilities, revenues and expenses.

When the Group enters into a transaction with a joint operation in which it is a joint operator, such as a sale or contribution of assets, it is conducting the transaction with the other parties to the joint operation and, as such, the Group recognizes gains and losses resulting from such a transaction only to the extent of the other parties' interests in the joint operation.

When the Group enters into a transaction with a joint operation in which it is a joint operator, such as a purchase of assets, it does not recognize proportional share of profit or loss until the asset is sold to a third party.

(6) Revenue recognition

K-IFRS No.1115 requires the recognition of revenues based on transaction price allocated to the performance obligation when or as the Group performs that obligation to the customer. Revenues other than those from contracts with customers, such as interest revenue and loan origination fee (cost), are measured through effective interest rate method.

1) Revenues from contracts with customers

The Group recognizes revenue when the Group satisfies a performance obligation by transferring a promised good or service to a customer. When a performance obligation is satisfied, the Group shall recognize as a revenue the amount of the transaction price that is allocated to that performance obligation. The transaction price is the amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.

The Group is recognizing revenue by major sources as shown below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Fees and commission received for brokerage

The fees and commission received for brokerage are the amount of consideration or fee expected to be entitled to receive in return for providing goods or services to the other parties with the Group acting as an agency, such as in the case of sales of bancassurance and beneficiary certificates. The majority of these fees and commission received for brokerage are from the business activities relevant to Consumer banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Fees and commission received related to credit

The fees and commission received related to credit mainly include the lending fees received from the loan activity and the fees received in the L/C transactions. Except for the fees and commission accounted for in calculating the effective interest rate, it is generally recognized when the performance obligation has been performed. The majority of these fees and commission received related to credit are from the business activities relevant to Consumer banking and Corporate banking segment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Fees and commission received for electronic finance

The fees and commission received for electronic finance include fees received in return for providing various kinds of electronic financial services through firm-banking and CMS. These fees are recognized as revenue immediately upon the completion of services. The majority of these fees and commission received for electronic finance are from the business activities relevant to Consumer banking and Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Fees and commission received on foreign exchange handling

The fees and commission received on foreign exchange handling consist of various fees incurred when transferring foreign currency. The point of processing the customer's request is the time when performance obligation is satisfied, and revenue is immediately recognized when fees and commission are received after requests are processed. The business activities relevant to these fees and commission received on foreign exchange handling are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑤ Fees and commission received on foreign exchange

The fees and commission received on foreign exchange consist of fees related to the issuance of various certificates, such as exchange, import and export performance certificates, purchase certificates, etc. The point of processing the customer's request is the time when performance obligation is satisfied, and revenue is immediately recognized when fees and commission are received after requests are processed. The business activities relevant to these fees and commission received on foreign exchange are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑥ Fees and commission received for guarantee

The fees and commission received for guarantee include the fees received for the various warranties. The activities related to the warranty consist mainly of performance obligations satisfied over time and fees and commission are recognized over the guarantee period. The business activities relevant to these fees and commission received for guarantee are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑦ Fees and commission received on securities business

The fees and commission received on securities business consist mainly of fees and commission for the sale of beneficiary certificates, and these fees are recognized when the beneficiary certificates are sold to customers. The business activities relevant to these fees and commission received on securities business are substantially attributable to Consumer banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑧ Fees and commission from trust management

The fees and commission from trust management consist of fees and commission received in return for the operation and management services for entrusted assets. These operation and management services are performance obligations satisfied over time, and revenue is recognized over the service period. Among the fees and commission from trust management, variable considerations such as profit commission that are affected by the value of entrusted assets and base return of the future periods are recognized as revenue when limitations to the estimates are lifted. The majority of these fees and commission received for brokerage are from the business activities relevant to Consumer banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑨ Other fees

Other fees are usually fees related to remittances, but include fees related to various other services provided to customers by the Group. These fees are recognized when transactions occur at the customers' request and services are provided, at the same time when commission are received. These other fees occur across all operating segments and no single operating segment represents majority of other fees.

2) Revenues from sources other than contracts with customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Interest income

Interest income on financial assets measured at FVTPL, FVTOCI and financial assets at amortized costs is measured using the effective interest method.

The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating the interest income over the expected life of the asset. The effective interest rate is the rate that exactly discounts estimated future cash flows to the instrument's initial unamortized cost over the expected period, or shorter if appropriate. Future cash flows include commissions and cost of reward points (limited to the primary component of effective interest rate) and other premiums or discounts that are paid or received between the contractual parties when calculating the effective interest rate, but does not include expected credit losses. All contractual terms of a financial instrument are considered when estimating future cash flows.

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For purchased or originated credit-impaired financial assets, interest revenue is recognized by applying the credit-adjusted effective interest rate to the amortized cost of the financial asset from initial recognition. Even if the financial asset is no longer impaired in the subsequent periods due to credit improvement, the basis of interest revenue calculation is not changed from amortized cost to unamortized cost of the financial assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Loan origination fees and costs

The commission fees earned on loans, which is part of the effective interest of loans, is accounted for as deferred origination fees. Incremental costs related to the origination of loans are accounted for as deferred origination costs and is being added or deducted to/from interest income on loans using effective interest rate method.

(7) Accounting for foreign currencies

The Group's consolidated financial statements are presented in Korean Won, which is the functional currency of the Group. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at its prevailing exchange rates at the date. The effective portion of the changes in fair value of a derivative that qualifies as a cash flow hedge and the foreign exchange differences on monetary items that form part of net investment in foreign operations are recognized in equity.

Assets and liabilities of the foreign operations subject to the consolidation are translated into Korean Won at foreign exchange rates at the end of the reporting period. Except for situations in which it is required to use exchange rates at the date of transaction due to significant changes in exchange rates during the period, items that belong to profit or loss shall be measured by average exchange rate, with foreign exchange differences recognized as other comprehensive income and added to equity (allocated to non-controlling interests, if appropriate). When foreign operations are disposed, the controlling interest's share of accumulated foreign exchange differences related to such foreign operations will be reclassified to profit or loss, while non-controlling interest's corresponding share will not be reclassified.

Adjustments to fair value of identifiable assets and liabilities, and goodwill arising from the acquisition of foreign operations will be treated as assets and liabilities of the corresponding foreign operation and is translated using foreign exchange rates at the end of the period. The foreign exchange differences are recognized in equity.

(8) Cash and cash equivalents

The Group is classifying cash on hand, demand deposits, interest-earning deposits with original maturities of up to three months on acquisition date, and highly liquid investments that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value as cash and cash equivalents.

(9) Financial assets and financial liabilities

1) Financial assets

A regular way purchase or sale of financial assets is recognized or derecognized on the trade date. A regular way purchase or sale is a purchase or sale of a financial asset under a contract whose term requires delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned.

On initial recognition, financial assets are classified into financial assets at FVTPL, financial assets at FVTOCI, and financial assets at amortized cost.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Business model

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The Group evaluates the way business is being managed, and the purpose of the business model for managing a financial asset best reflects the way information is provided to the management at its portfolio level. Such information considers the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The accounting policies and purpose specified for the portfolio, the actual operation of such policies. This
includes strategy of the management focusing on the receipt of contractual interest revenue, maintaining a certain level of interest income, matching the duration of financial assets and the duration of corresponding liabilities to obtain the asset,
and outflow or realization of expected cash flows from disposal of assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The way the performance of a financial asset held under the business model is evaluated, and the way such
evaluation is being reported to the management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The risk affecting the performance of the business model (and financial assets held under the business model),
and the way such risk is being managed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The compensation plan for the management (e.g. whether the management is being compensated based on the fair
value of assets or based on contractual cash flows received)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Frequency, amount, timing and reason for sale of financial assets in the past and forecast of future sale
activities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Contractual cash flows

The principal is defined to be the fair value of a financial asset at initial recognition. Interest is not only composed of consideration for the time value of money, consideration for the credit risk related to remaining principal at a certain period of time, and consideration for other cost (e.g. liquidity risk and cost of operation) and fundamental risk associated with lending, but also profit.

When evaluating whether contractual cash flows are solely payments of principal and interests, the Group considers the contractual terms of the financial instrument. When a financial asset contains contractual conditions that modify the timing and amount of contractual cash flows, it is required to determine whether contractual cash flows that arise during the remaining life of the financial instrument due to such contractual condition are solely payments of principal and interest. The Group considers the following elements when evaluating the above:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Conditions that lead to modification of timing or amount of cash flows

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contractual terms that adjust contractual nominal interest, including floating rate features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Early payment features and maturity extension features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contractual terms that limit the Group's claim on cash flows arising from certain assets (e.g. non-recourse feature)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Terms of holding multiple contractually linked financial tranche that concentrate credit risk. In such case,
credit risk comparison information of the instrument itself, the contractual cash flow characteristics of underlying financial instrument group and the underlying financial instrument group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Financial assets at FVTPL

The Group is classifying those financial assets that are not classified as either financial assets at amortized cost or financial assets at FVTOCI, and those designated to be measured at FVTPL, as financial assets at FVTPL. Financial assets at FVTPL are measured at fair value, and fair value gains or losses are recognized in profit or loss. Transaction costs related to acquisition at initial recognition is recognized as expense immediately upon its occurrence.

The Group may, at initial recognition, irrevocably designate a financial asset as measured at fair value through profit or loss if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Financial assets at FVTOCI

When financial assets are held under a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and when contractual cash flows from such financial assets are solely payments of principal and interest, the financial assets are classified as financial assets at FVTOCI. Also, for investments in equity instruments that are not held for short-term trade, an irrevocable election is available at initial recognition to present subsequent changes in fair value as other comprehensive income.

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At initial recognition, financial assets at FVTOCI is measured at its fair value plus any direct transaction cost and is subsequently measured in fair value. The changes in fair value except for profit or loss items such as impairment losses (reversals), interest revenue calculated by using effective interest method, and foreign exchange gain or loss, and related income tax effects are recognized as other comprehensive income until the asset's disposal. Upon derecognition, the accumulated other comprehensive income is reclassified from equity to net income for FVTOCI (debt instrument) and reclassified within the equity for FVTOCI (equity instruments).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Financial assets at amortized cost

When financial assets are held under a business model whose objective is to hold financial assets in order to collect contractual cash flows, and when contractual cash flows from such financial assets are solely payments of principal and interest, the financial assets are classified as financial assets at amortized cost. At initial recognition, financial assets at amortized cost are recognized at fair value plus any direct transaction cost. Financial assets at amortized cost is presented at amortized cost using effective interest method, less any loss allowance.

2) Financial liabilities

At initial recognition, financial liabilities are classified into either financial liabilities at FVTPL or financial liabilities at amortized cost.

Financial liabilities are usually classified as financial liabilities at FVTPL when they are acquired with a purpose to repurchase them within a short period of time, when they are part of a certain financial instrument portfolio that is actually and recently being managed with a purpose of short-term profit and joint management by the Group at initial recognition, and when they are derivatives that do not qualify as hedging instruments. Financial liabilities at FVTPL are measured at fair value plus direct transaction cost at initial recognition and are subsequently measured at fair value. Gain or loss arising from financial liabilities at FVTPL is recognized in profit or loss when occurred.

It is possible to designate a financial liability as financial liability at FVTPL if at initial recognition: (a) it is possible to remove or significantly reduce recognition or measurement mismatch that may otherwise have occurred if not for its designation as financial liability at FVTPL; (b) the financial asset forms part of the Group's financial instrument group (a group composed of a combination of financial asset or liability) according to the Group's documented risk management or investment strategy, is measured at fair value and is being evaluated for its performance, and such information is provided internally; and (c) the financial liability is part of a contract that contains one or more of embedded derivatives, and is a hybrid contract in which designation as financial liability at FVTPL is allowed under K-IFRS No.1109 *'Financial Instruments'*.

Financial liabilities designated as at FVTPL are initially recognized at fair value, with any direct transaction cost recognized in profit or loss and are subsequently measured at fair value. Any profit or loss from financial liabilities at FVTPL are recognized in profit or loss.

Financial liabilities not classified as financial liabilities at FVTPL are measured at amortized cost.

3) Reclassification

Financial assets are not reclassified after initial recognition unless the Group modifies the business model used to manage financial assets. When the Group modifies the business model used to manage financial assets, all affected financial assets are reclassified on the first day of the first reporting period after the modification.

4) Derecognition

Financial assets are derecognized when contractual rights to cash flows from the financial assets are expired, or when substantially all of risk and reward for holding financial assets is transferred to another entity as a result of a sale of financial assets. If the Group does not have and does not transfer substantially all of the risk and reward of holding financial assets with control of the transferred financial assets retained, the Group recognizes financial assets to the extent of its continuing involvement. If the Group holds substantially all the risk and reward of holding a financial asset, it continues to recognize that asset and proceeds are accounted for as collateralized borrowings.

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When a financial asset is fully derecognized, the difference between the book value and the sum of proceeds and accumulated other comprehensive income is recognized as profit or loss in case of FVTOCI (debt instruments), and as retained earnings for FVTOCI (equity instruments).

In case when a financial asset is not fully derecognized, the Group allocates the book value into amounts retained in the books and removed from the books, based on the relative fair value of each portion at the date of sale, and based on the degree of continuing involvement. For the derecognized portion of the financial assets, the difference between its book value and the sum of proceeds and the portion of accumulated other comprehensive income attributable to that portion will be recognized in profit or loss in case of debt instruments and recognized in retained earnings in case of equity instruments. The accumulated other comprehensive income is distributed to the portion of book value retained in the books, and to the portion of book value removed from the books.

The Group derecognizes financial liabilities when, and only when, the Group's obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.

When the Group exchanges with the existing lender one debt instrument into another one with substantially different terms, such exchange is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, the Group accounts for substantial modification of terms of an existing liability or part of it as an extinguishment of the original financial liability and the recognition of a new liability. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective rate is at least 10 percent different from the discounted present value of the remaining cash flows of the original financial liability.

5) Fair value of financial instruments

Financial assets at FVTPL and financial assets at FVTOCI are measured and presented in the consolidated financial statements at their fair values, and all derivatives are also subject to fair value measurement.

Fair value is defined as the price that would be received to exchange an asset or paid to transfer a liability in a recent transaction between independent parties that are reasonable and willing. Fair value is the transaction price of identical financial assets or financial liabilities generated in an active market. An active market is a market where trade volume is sufficient and objective price information is available due to the fact that bid and ask price differences are small.

When trade volume of a financial instrument is low, when transaction prices within the market show large differences among them, or when it cannot be concluded that a financial instrument is being traded within an active market due to disclosures being extremely shallow, fair value is measured using valuation techniques based on alternative market information or using internal valuation techniques based on general and observable information obtained from objective sources. Market information includes maturity and characteristics, duration, similar yield curve, and variability measurement of financial instruments of similar nature. Fair value amount contains unique assumptions on each entity (the Group concluded that it is using assumptions applied in valuing financial instruments in the market, or risk-adjusted assumptions in case marketability does not exist).

The market approach and income approach, which are valuation techniques used to estimate the fair value of financial instruments, both require significant judgment. Market approach measures fair value using either a recent transaction price that includes the financial instrument, or observable information on comparable firm or assets. Income approach measures fair value through discounting future cash flows with a discount rate reflecting market expectations, and revenue, operating income, depreciation, capital expenditures, income tax, working capital and estimated residual value of financial investments are being considered when deriving future cash flows. Valuation techniques such as the above include estimates based on the financial instruments' complexity and usefulness of observable information in the market.

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The valuation techniques used in the evaluation of financial instruments are explained below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Financial assets at FVTPL and Financial assets at FVTOCI

The fair value of equity securities included in financial assets at FVTPL and financial assets at FVTOCI category is recognized in the statement of financial position at its available market price. Debt securities traded in the over-the-counter market are generally recognized at an amount computed by an independent appraiser. When the Group uses the fair value determined by independent appraisers, the Group usually obtains three values from three different appraisers for each financial instrument and selects the minimum amount without making additional adjustments. For equity securities without marketability, the Group uses the amount determined by the independent appraiser. The Group verifies the prices obtained from appraisers in various ways, including the evaluation of independent appraisers' competency, indirect verification through comparison between appraisers' price and other available market information, and reperformed by employees who have knowledge of valuation models and assumptions that appraisers used.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Derivatives

The Group's transactions involving derivatives such as futures and exchange traded options are measured at market value. For exchange traded derivatives classified as level 2 in the fair value hierarchy, the fair value is estimated using internal valuation techniques. If there are no publicly available market prices because they are traded over-the-counter, fair value is measured through internal valuation techniques. When using internal valuation techniques to derive fair value, the types of derivatives, base interest rate or characteristics of prices, or stock market indices are considered. When variables used in the internal valuation techniques are not observable information in the market, such variables may contain significant estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Adjustment of valuation amount

The Group is exposed to credit risk when a counterparty to a derivative contract does not perform its contractual obligation, and the exposure amount is equal to the amount of derivative asset recognized in the statement of financial position. When the Group earns income through valuation of derivatives, such income is recognized as derivative asset in the statement of financial position. Some of the derivatives are traded in the market, but most of the derivatives are measured at estimated fair value derived from internal valuation models that use observable information in the market. As such, in order to estimate the fair value there should be an adjustment made to incorporate counterparty's credit risk, and credit risk adjustment is being considered when valuing derivative assets such as over-the counter derivatives. The amount of financial liabilities is also adjusted by the Group's own credit risk when valuing them.

The amount of adjustment is derived from counterparty's probability of default and loss given default. This adjustment considers contractual matters that are designed to reduce the Group's exposure to each counterparty's credit risk. When derivatives are under master netting arrangement, the exposure used in the computation of credit risk adjustment is a net amount after adding/deducting cash collateral received (or paid) from loss (or gain) position derivatives with the same counterparty.

6) Expected credit losses on financial assets

The Group recognizes loss allowance on expected credit losses for the following assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Financial assets at amortized cost

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Debt instruments measured at FVTOCI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract assets as defined by K-IFRS No.1115

Expected credit losses are weighted-average value of a range of possible results, considering the time value of money, and are measured by incorporating information on current conditions and forecasts of future economic conditions that are available without undue cost or effort.

The methods to measure expected credit losses are classified into following three categories in accordance with K-IFRS:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General approach: Financial assets that do not belong to below two models and unused loan commitments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified approach: When financial assets are either trade receivables, contract assets or lease receivables

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit impairment model: Purchased or originated credit-impaired financial assets

The measurement of loss allowance under general approach is differentiated depending on whether the credit risk has increased significantly after initial recognition. That is, loss allowance is measured based on 12-month expected credit loss when the credit risk has not increased significantly after initial recognition, while loss allowance is measured at lifetime expected credit loss when credit risk has increased significantly. Lifetime is the expected remaining life of the financial instrument up to the maturity date of the contract.

The measurement of loss allowance under simplified approach is always based on lifetime expected credit loss, and loss allowance under credit impairment model is measured as the cumulative change in lifetime expected credit loss since initial recognition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Measurement of expected credit losses on financial asset at amortized cost

The expected credit losses on financial assets at amortized cost is measured by the difference between the contractual cash flows during the period and the present value of expected cash flows. Expected cash inflows are computed for individually significant financial assets in order to calculate expected credit losses.

Financial assets that are not individually significant, they are included in a group of financial assets with similar credit risk characteristics and expected credit losses of the group are calculated collectively.

Expected credit losses are deducted through loss allowance account, and when the financial asset is determined to be uncollectible, the loss allowance is written off from the books along with the related financial asset. Changes in loss allowance due to subsequent recoveries of amounts previously written off are recognized in profit or loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Measurement of expected credit losses on financial asset at FVTOCI

The measurement method of expected credit loss is identical to financial asset at amortized cost, but changes in the loss allowance is recognized in other comprehensive income. When financial assets at FVTOCI is disposed or repaid, the related loss allowance is reclassified from other comprehensive income to net income.

(10) Offsetting financial instruments

Financial assets and liabilities are presented as a net amount in the statements of financial position when the Group has an enforceable legal right and an intention to settle on a net basis or to realize an asset and settle the liability simultaneously.

(11) Investment properties

The Group classifies a property held to earn rentals and/or for capital appreciation as an investment property. Investment properties are measured initially at cost, including transaction costs, less subsequent depreciation and impairment.

Subsequent costs are included in the carrying amount of the asset or recognized as a separate asset if it is probable that future economic benefits associated with the assets will flow into the Group and the cost of an asset can be measured reliably, and the book value of a portion of an asset that are replaced by a subsequent expenditure is removed from the books. Routine maintenance and repairs are expensed as incurred.

While land is not depreciated, all other investment properties are depreciated based on the depreciation method and useful lives of Properties and equipment. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, and when it is deemed appropriate to change them, the effect of any change is accounted for as a change in accounting estimates.

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An investment property is derecognized from the consolidated financial statements on disposal or when it is permanently withdrawn from use and no future economic benefits are expected even from its disposal. The gain or loss on derecognition of an investment property is calculated as the difference between the net disposal proceeds and the carrying amount of the property and is recognized in profit or loss in the period of derecognition.

(12) Properties and equipment

Properties and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of Properties and equipment is expenditure directly attributable to their purchase or construction, which includes any cost directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. It also includes the initial estimate of costs of dismantling and removing the item and restoring the site on which it is located.

Subsequent costs are recognized in the carrying amount of an asset or as a separate asset (if appropriate) if it is probable that future economic benefit associated with the assets will flow into the Group and the cost of an asset can be measured reliably. Routine maintenance and repairs are expensed as incurred.

While land is not depreciated, for all other Properties and equipment, depreciation is charged to net income on a straight-line basis by applying the following estimated economic useful lives on the amount of cost or revalued amount less residual value.

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| | | |
|:---|:---|:---|
|  | Useful life | Useful life |
|  Buildings used for business purpose |  | 35 to 57 years |
|  Structures in leased office |  | 4 to 5 years |
|  Properties for business purpose |  | 4 to 5 years |

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The Group reassesses the depreciation method, the estimated useful lives and residual values of Properties and equipment at the end of each reporting period. If changes in the estimates are deemed appropriate, the changes are accounted for as a change in an accounting estimate. When there is an indicator of impairment and the carrying amount of a Properties and equipment item exceeds the estimated recoverable amount, the carrying amount of such asset is reduced to the recoverable amount.

(13) Intangible assets and goodwill

The Group is recognizing intangible assets measured at the manufacturing cost or acquisition cost plus additional incidental expenses less accumulated amortization and accumulated impairment losses. The Group's intangible asset are amortized over the following economic lives using the straight-line method. The estimated useful life and amortization method are reviewed at the end of each reporting period. If changes in the estimates are deemed appropriate, the changes are accounted for as a change in an accounting estimate.

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| | | |
|:---|:---|:---|
|  | Useful life | Useful life |
|  Industrial property rights |  | 5 to 10 years |
|  Development costs |  | 5 years |
|  Software and others |  | 4 to 5 years or contract period |

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In addition, when an indicator that intangible assets are impaired is noted, and the carrying amount of the asset exceeds the estimated recoverable amount of the asset, the carrying amount of the asset is reduced to its recoverable amount.

Goodwill acquired in a business combination is included in intangible assets. Goodwill is not amortized, but is subject to an impairment test at the cash-generating unit level every year, and whenever there is an indicator that goodwill is impaired.

Goodwill is allocated to each of the Group's cash-generating unit (or groups of cash-generating units) that is expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit on a pro rata basis based on the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.

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(14) Impairment of non-monetary assets

Intangible assets with indefinite useful lives or intangible assets that are not yet available for use are tested for impairment annually, regardless of whether or not there is any indication of impairment. All other assets are tested for impairment by estimating the recoverable amount when there is an objective indication that the carrying amount may not be recoverable. Recoverable amount is the higher of value in use or net fair value, less costs to sell. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and such impairment loss is recognized immediately in profit or loss.

(15) Leases

The Group determines whether the agreement is a lease or includes a lease at the time of the agreement. In exchange for consideration in the contract, if the control over the use of the identified asset is transferred for a period of time, the contract is a lease or includes a lease. In determining whether a contract transfers control of the use of the identified asset, the Group uses the definition of a lease in K-IFRS No.1116.

1) The Group as a lessee

The Group recognizes the right-of-use asset and the lease liability at the commencement date of the lease. The right-of-use asset is measured at cost, which comprises the amount of the initial measurement of the lease liability, lease payments made at or before the commencement date (less any lease incentives received), initial direct costs, and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located.

The right-of-use asset is subsequently depreciated on a straight-line basis from the commencement of the lease to the end of the lease term. However, if the lease transfers ownership of the underlying asset to the lessee by the end of the lease term or if the cost of the right-of-use asset reflects that the lessee will exercise a purchase option, the lessee depreciates the right-of-use asset same as a fixed asset from the commencement date to the end of the useful life of the underlying asset. The right-of-use asset may be reduced by an impairment of the underlying asset or adjusted by remeasurement of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, if that cannot be readily determined, the Group uses its incremental borrowing rate. The Group generally uses the incremental borrowing rate.

The lease payments included in the measurement of the lease liability comprise the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed payments (including in-substance fixed payments)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable lease payments that depend on an index (or a rate), initially measured using the index or rate as at the
commencement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Amounts expected to be payable by the lessee under residual value guarantees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, lease
payments of the extended period if the lessee is reasonably certain to exercise extension option, and payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease

The lease liability is subsequently increased by the interest expense recognized for the lease liability and decreased by reflecting the payment of the lease payments. The lease liability is remeasured if the future lease payments change depending on changes in the index (or a rate), changes in the expected amount to be paid under the residual value guarantee, and changes in the assessment of whether the purchase or extension option is reasonably certain to be exercised or not to exercise the terminate option.

When remeasuring a lease liability, the related right-of-use asset is adjusted and if the carrying amount of the right-of-use asset decreases to zero, the remeasurement amount is recognized in profit or loss.

In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).

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Most extension options in offices and vehicles leases have not been included in the lease liability, because

the Group could replace the assets without significant cost or business disruption.

The lease term is reassessed if an option is actually exercised (or not exercised) or the Group becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee.

During the current financial year, the financial effect of revising lease terms to reflect the effect of exercising extension and termination options was an increase in recognized lease liabilities and right-of-use assets of 1,308 million Won.

In the statement of financial position, the Group classified the right-of-use assets that do not meet the definition of investment property as 'Properties and equipment' and the lease liabilities as 'other financial liabilities.'

The Group has chosen a practical expedient that does not recognize the right-of-use asset and lease liabilities for short-term leases with a lease term less than 12 months and leases for which the underlying asset is of low value. The Group recognizes the lease payments associated with those leases as an expense on a straight-line basis over the lease term.

2) The Group as a lessor

At the date of the agreement or the effective date of the modification containing the lease element, the Group allocates the consideration of the contract to each lease element on the basis of its relative stand-alone price.

As a lessor, the Group classifies its leases as either an operating lease or a finance lease at the commencement date.

The Group subsequently judges whether the lease transfers substantially all the risks and rewards incidental to ownership of an underlying asset. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset, otherwise a lease is classified as an operating lease.

If the agreement contains both lease and non-lease elements, the Group applies K-IFRS No.1115 to allocate the consideration of the contract.

The Group applies derecognition and impairment provisions of K-IFRS No.1109 to its net investment in the lease. The Group also carries out regular review of the unguaranteed residual value used to calculate total lease investment.

The Group recognizes lease payments from operating lease as income on a straight-line basis.

The accounting policy that the Group has applied as a lessor is not different from K-IFRS No.1116.

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(16) Derivative instruments

Derivative instruments are classified as forwards, futures, options and swaps, depending on the types of transactions and are classified at the point of transaction as either trading or hedging based on its purpose.

Derivatives are initially recognized at fair value at the date of contract and are subsequently measured at fair value at the end of each reporting period. The resulting gain or loss is recognized in profit or loss immediately unless the derivative is designated and effective as a hedging instrument. If derivatives have been designated as hedging instruments and if it is effective, the point of recognition of gain or loss depends on the characteristics of hedging relationship.

1) Embedded derivatives

Embedded derivatives are components of a hybrid financial instrument that includes a non-derivative host contract. It has an effect of modifying part of cash flows of the hybrid financial instrument similar to an independent derivative.

Embedded derivatives that are part of a hybrid contract of which the host contract is a financial asset within the scope of K-IFRS No.1109 is not separated. The classification is done by considering the hybrid contract as a whole, and subsequent measurement is either at amortized cost or fair value.

If embedded derivatives are part of a hybrid contract of which the host contract is not a financial asset within the scope of K-IFRS No.1109 (e.g. financial liability), then these are treated as separate derivatives if embedded derivatives meet the definition of a derivative, characteristics & risk of the embedded derivatives are not closely related to that of host contract, and if the host contract is not measured at FVTPL.

2) Hedge accounting

The Group is designating certain derivatives as hedging instrument against fair value changes in relation to the interest rate risk, foreign currency translation and interest rate risk, and foreign currency translation risk.

The Group is documenting the relationship between hedging instruments and hedged items at the commencement of hedging in accordance with their purpose and strategy. Also, the Group documents at the commencement and subsequent dates whether the hedging instrument effectively counters the changes in fair value of hedged items. A hedging instrument is effective only when it meets all the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When there is an economic relationship between the hedged items and hedging instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When the effect of credit risk is not stronger than the change in value due to the economic relationship between
the hedged items and hedging instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When the hedge ratio of hedging relationship is equal to the proportion of the number of items that the group
actually hedges and the number of hedging instruments that the Group actually uses to hedge the number of hedged items

When a hedging relationship no longer meets the hedging effectiveness requirements related to hedge ratio, but when the purpose of risk management on designated hedging relationship is still maintained, the hedge ratio of the hedging relationship is adjusted so that hedging relationship may meet the requirements again (Hedge ratio readjustment).

The Group has designated derivatives as hedging instrument except for the portion on foreign currency basis spread. The fair value change due to foreign currency basis spread is recognized in other comprehensive income and is accumulated in equity. If the hedged item is related to transactions, the accumulated other comprehensive income is reclassified to profit or loss when the hedged item affects the profit or loss. However, when non-monetary items are subsequently recognized due to hedged items, the accumulated equity is removed from the equity directly, and is included in the initial book value of the recognized non-monetary items. Such transfers does not affect other comprehensive income. But if part or all of accumulated equity is not expected to be recovered in the future periods, the amount not expected to be recovered is immediately reclassified to profit or loss. If the hedged item is time-related, then the foreign currency basis spread on the day the derivative is designated as a hedging instrument that is related to the hedged item is reclassified to profit or loss over the term of the hedge.

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3) Fair value hedge

Gain or loss arising from valid hedging instrument is recognized in profit or loss. However, when the hedging instrument mitigates risks on equity instruments designated as financial assets at FVTOCI, related gain or loss is recognized in other comprehensive income.

The book value of hedged items that are not measured in fair value is adjusted by the changes in fair value arising from the hedged risk, with resulting gain or loss reflected in profit or loss. In case of debt instruments measured at FVTOCI, book value is an amount that is already adjusted to fair value and thus gain or loss arising from the hedged risk is recognized in profit or loss instead of other comprehensive income without adjustments in book value. When the hedged item is equity instruments measured at FVTOCI, the gain or loss arising from hedged risk is retained at other comprehensive income in order to match the gain or loss with hedging instruments.

Hedge accounting ceases to apply only when hedging relationship (or part of it) does not meet the requirements of hedge accounting (even after hedging relationship readjustment, if applicable). This treatment holds in case of lapse, disposal, expiry and exercise of hedging instruments, and this cease of treatment applies prospectively. The fair value adjustments made to book value of hedged item due to hedged risk is amortized from the date of discontinuance of hedge accounting and is recognized in profit or loss.

(17) Assets (or disposal group) held for sale

The Group classifies a non-current asset (or disposal group) as held for sale if its carrying amount will be recovered principally through a sale transaction rather than through continuing use. Non-current assets (and disposal groups) classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs to sell.

(18) Provisions

Provisions are recognized if it has present or contractual obligations as a result of the past event, it is probable that an outflow of resources will be required to settle the obligation and the amount of the obligation is reliably estimated. Provisions are not recognized for the future operating losses.

The Group recognizes provision related to the payment guarantees, loan commitment and litigations. Under the terms of lease agreement, the cost incurred by the Group to recover the leased asset to its original state are recognized as provisions at the commencement of the lease or during a specific period in which the obligation is incurred as a result of the using the asset. The provisions are measured as the best estimate of the expenditure required to recover the asset, which is regularly reviewed and sated to the new situation.

Where there are a number of similar obligations, the probability that an outflow will be required in settlement is determined by considering the obligations as a whole. Although the likelihood of outflow for any one item may be small, if it is probable that some outflow of resources will be needed to settle the obligations as a whole, a provision is recognized.

(19) Capital and compound financial instruments

The Group classifies a financial instrument that it issues as a financial liability or an equity instrument in accordance with the substance of the contractual arrangement. A financial liability is a contractual obligation to deliver cash or another financial asset to another entity. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.

If the Group reacquires its own equity instruments, the consideration paid including the direct transaction costs (net of tax expense) are presented as a deduction from total equity until such instruments are retired or reissued. When these instruments are reissued, the consideration received (net of direct transaction costs) is included in the shareholder's equity.

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(20) Financial guarantee contracts

A financial guarantee contract is a contract where the issuer must pay a certain amount of money in order to compensate losses suffered by the creditor when debtor defaults on a debt instrument in accordance with original or modified contractual terms.

A financial guarantee is initially measured at fair value and is subsequently measured at the higher of the amounts below unless it is designated to be measured at FVTPL or when it arises from disposal of an asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loss allowance in accordance with K-IFRS No.1109

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial book value less accumulated profit measured in accordance with K-IFRS No.1115

(21) Employee benefits and pensions

The Group recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by the employees. Also, the Group recognizes expenses and liabilities in the case of accumulating compensated absences when the employees render services that entitle their right to future compensated absences. Similarly, the Group recognizes expenses and liabilities for customary profit distribution or bonuses when the employees render services, even though the Group does not have legal obligation to do so because it can be construed as constructive obligation.

The Group is operating defined contribution plans and defined benefit plans. Contributions to defined contribution plans are recognized as an expense when employees have rendered services entitling them to receive the benefits. For defined benefit plans, the defined benefit liability is calculated through an actuarial assessment using the projected unit credit method every end of the reporting period, conducted by professional actuaries. Remeasurement, comprising actuarial gains and losses, the return on plan assets (excluding interest), and the effect of the changes to the asset ceiling (if applicable) is reflected immediately in the consolidated statement of financial position with a charge or credit recognized in other comprehensive income in the period in which they occur.

Remeasurement recognized in the consolidated statement of comprehensive income is not reclassified to profit or loss in the subsequent periods. Past service cost is recognized in profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset. Defined benefit costs are composed of service cost (including current service cost and past service cost, as well as gains and losses on curtailments and settlements), net interest expense (income) and remeasurement.

The Group presents the service cost and net interest expense (income) components in profit or loss, and the remeasurement component in other comprehensive income. Curtailment gains and losses are accounted for as past service costs.

The retirement benefit obligation recognized in the consolidated statement of financial position represents the actual deficit or surplus in the Group's defined benefit plans. Any surplus resulting from this calculation is recognized as an asset limited to the present value of any economic benefits available in the form of refunds from the plans or reductions in future contributions to the plans.

Liabilities for termination benefits are recognized at the earlier of either the date when the Group is no longer able to cancel its proposal for termination benefits or the date when the Group has recognized the cost of restructuring that accompanies the payment of termination benefits.

(22) Hedge accounting of net investment in a foreign operation

When applying hedge accounting of net investment in a foreign operation, the effective portion of changes in fair value of the hedging instrument is recognized in other comprehensive income and the ineffective portion of the hedge is recognized as current profit or loss in order to offset changes in the fair value of the hedged item caused by the hedging with changes in the fair value of the hedging instrument. The effective portion of hedge recognized in other comprehensive income will be reclassified from other comprehensive income to current profit or loss in accordance with K-IFRS No.1021 *'The Effects of Changes in Foreign Exchange Rates'* at the time of disposal of a foreign operation or disposal of a portion of its foreign operations in the future.

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(23) Income taxes

Income tax expense is composed of current tax and deferred tax. That is, income tax expense is composed of taxes payable or refundable during the period and deferred taxes calculated by applying asset-liability method to taxable and deductible temporary differences arising from operating loss and tax credit carryforwards. Temporary differences are the differences between the carrying values of assets and liabilities for financial reporting purposes and their tax bases. Deferred income tax benefit or expense is recognized for the change in deferred tax assets or liabilities. Deferred tax assets and liabilities are measured as of the reporting date using the enacted or substantively enacted tax rates expected to apply in the period in which the liability is settled or asset realized. Deferred tax assets, including the carryforwards of unused tax losses, are recognized to the extent it is probable that the deferred tax assets will be realized.

Deferred income tax assets and liabilities are offset if, and only if, the Group has a legally enforceable right to offset current tax assets against current tax liabilities, and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority or when the entity intends to settle current tax liabilities and assets on a net basis with different taxable entities.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill. Deferred tax assets or liabilities are not recognized if they arise from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Current and deferred taxes are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity or when it arises from business combination.

The tax uncertainty arises from the compensation claim filed by the Group, and the refund litigation for the amount of tax levied by the tax authority due to differences in tax law analysis. In response, the Group paid taxes in accordance with K-IFRS No.2123 due to the tax authority's claim but recognized as a corporate tax asset if it is highly probable of a refund in the future.

(24) Criteria of calculating earnings per share ("EPS")

Basic EPS is a calculation of net income per each common stock. It is calculated by dividing net income attributable to ordinary shareholders by the weighted-average number of common shares outstanding. Diluted EPS is calculated by adjusting the earnings and number of shares for the effects of all dilutive potential common shares.

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**3.** **SIGNIFICANT ACCOUNTING ESTIMATES AND ASSUMPTIONS** 

The significant accounting estimates and assumptions are continuously being evaluated based on numerous factors including historical experiences and expectations of future events that are reasonably considered probable. Actual results can differ from those estimates based on such definitions. The accounting estimates and assumptions that contain significant risk of materially changing current book values of assets and liabilities in the next accounting periods are as follows:

(1) Income taxes

The Group has recognized current and deferred taxes based on best estimates of expected future income tax effect arising from the Group's operations until the end of the current reporting period. However, actual tax payment may not be identical to the related assets and/or liabilities already recognized, and these differences may affect current taxes and deferred tax assets/liabilities at the time when income tax effects are finalized. Deferred tax assets relating to tax losses carried forward and deductible temporary differences are recognized only to the extent that it is probable that future taxable profit will be available against which the tax losses carried forward and the deductible temporary differences can be utilized. In this case the Group's evaluation considers various factors such as estimated future taxable profit based on forecasted operating results, which are based on historical financial performance. The Group is reviewing the book value of deferred tax assets every end of the reporting period and in the event that the possibility of earning future taxable income changes, the deferred tax assets are adjusted up to taxable income sufficient to use deductible temporary differences.

(2) Valuation of financial instruments

Financial assets at FVTPL and FVTOCI are recognized in the consolidated financial statements at fair value. All derivatives are measured at fair value. Valuation techniques are required in order to determine fair values of financial instruments where observable market prices do not exist. Financial instruments that are not actively traded and have low price transparency will have less objective fair value and require broad judgment in liquidity, concentration, uncertainty in market factors and assumption in price determination and other risks.

As described in Note 2. Basis of Preparation and material Accounting Policies (9) 5), 'Fair value of financial assets and liabilities', when valuation techniques are used to determine the fair value of a financial instrument, various general and internally developed techniques are used, and various types of assumptions and variables are incorporated during the process.

(3) Impairment of financial instruments

The accuracy of the provision for credit losses is determined by the estimation of the expected cash flows for

each borrower for estimating the individually assessed loan-loss allowance, and the assumptions and variables in the model used for estimating the collectively assessed loan-loss allowance, payment guarantee and unused commitment.

The Group has estimated the allowance for credit losses based on reasonable and supportable information that was available without undue cost or effort the end of the current reporting period about past events, current conditions and forecasts of future economic conditions.

The Group uses forward-looking information to estimate expected credit losses in accordance with K-IFRS No.1109 *'Financial Instruments'*. Considering the potential for increased insolvency due to rising domestic and international economic uncertainties, the Group estimates the probability of default (PD) and loss given default (LGD) using forward-looking information on key variables such as GDP growth rate, producer price index, apartment sales price index (KB, Seoul), and unemployment rate (original series), and accordingly recognizes additional expected credit loss provisions.

The Group used a modeling technique based on GDP growth rate to estimate expected credit losses at the end of the current period.

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The Group will continuously monitor the impact of domestic and international political and economic uncertainties on the economy and continue to evaluate the appropriateness of related forward-looking information.

The measurement of expected credit loss is described in 4. Risk management (1) 3) Measurement of expected credit loss.

(4) Defined benefit plan

The Group operates a defined benefit pension plan. Defined benefit obligation is calculated at every end of the reporting period by performing actuarial valuation, and estimation of assumptions such as discount rate, expected wage growth rate and mortality rate is required to perform such actuarial valuation. The defined benefit plan, due to its long-term nature, contains significant uncertainties in its estimates.

**4.** **RISK MANAGEMENT** 

The Group's operating activity is exposed to various financial risks. The Group is required to analyze and assess the level of complex risks and determine the permissible level of risks and manage such risks. The Group's risk management procedures have been established to improve the quality of assets for holding or investment purposes by making decisions on how to avoid or mitigate risks through the identification of the source of the potential risks and their impact.

The Group has established an approach to manage the acceptable level of risks and reduce the excessive risks in financial instruments in order to maximize the profit given risks present, for which the group has implemented risk management processes of identification, measurement, assessment, control, monitoring and reporting of risk.

The risk is managed in accordance with the Group's risk management policy. The Board Risk Management Committee, at the top decision-making level, makes decisions on the risk strategies such as the allocation of internal capital and the establishment of acceptable level of risk.

(1) Credit risk

Credit risk represents the potential financial losses that may incur in the future when the counterparty refuses to fulfill or lose the ability to fulfill its contractual obligations. The goal of credit risk management is to maintain the Group's credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit risk management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Credit facilities limit management

The Group calculates and manages the appropriate borrowing limits by aggregation, business and industry through management of aggregation, total exposure and portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Credit risk monitoring organization and role

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Large Corporate Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to large enterprises (including small- and medium-sized enterprises affiliated with major debt group)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to government agencies, public institutions (50% or more of
government investments and contributions) and other corporations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of relevant real estate PF (Project Financing) (large or non-confirmed construction enterprises)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operation controls over the 'Credit Management for Affiliate Enterprise Groups' as specified by the
Regulation on Supervision of Bank Business, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management designated by the Banking Act for the affiliated companies

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② IB/Global Investment Banking Credit Analysis & Approval Dept

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval and maintenance of loans related to IB Group Investment Banking (including Principal
Investment excluding blind funds, structured securities of foreign currency bonds, real estate project financing, and branch-linked IB deals)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval and maintenance of overseas branches or subsidiaries of local companies, foreign companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Support for related tasks such as credit screening and maintenance of overseas review centers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management (including reduction plans) designated by the Banking Act for the affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit research and credit rating for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Derivative-related risk examination and management for affiliated customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ SME Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to small and medium-sized enterprises (excluding SMEs affiliated with major debt group) (including credit-related securities, credit derivatives, and credit-related deposits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to public institutions (less than 50% of government investments
and contributions) and other corporations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consultation on loan examination, and agreement on the approval (including follow-up) of overseas branches and local corporations of the enterprises

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of relevant real estate PF (small and medium- construction enterprises)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance, etc. of business loans related to National Housing and Urban Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Develop and maintain examination techniques

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit research and credit rating for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management (including reduction plans) designated by the Banking Act for the affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Derivative-related risk examination and management for affiliated customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Retail Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of personal and individual business loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination and approval of collective loans (including cases where construction enterprise is subject to
workout)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑤ Corporate Restructuring Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management of enterprises subject to workout, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management of enterprises subject to pre-workout, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management on the borrower in the course of corporate rehabilitation procedures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Workout activities such as the establishment and implementation of corporate workout plans performed for
affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-workout activities such as the establishment and implementation of
corporate management diagnosis and management plans performed for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit examination, approval, setting total exposure limit and follow-up management for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination and execution of loans for sound post-management of rehabilitation loans

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Credit screening and post monitoring or post management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Objective

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To maintain appropriate credit ratings and improve asset quality

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Main activities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the adequacy of credit and credit ratings, and maintain the consistency in application of ratings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the appropriateness of asset classification by quality and the provision for credit losses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Overall analysis of loan portfolio quality

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inspection of compliance with loan policies and relevant regulations, and recommendation for modification of
policies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the appropriateness of loan approval and compliance with loan commitments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Post-inspection of the branches' discretionary decision for loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessing the accuracy of the identification of bad loans and the timeliness of actions taken by the person in
charge of the loan

ii) Current status by measurement method

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Method of calculating risk-weighted assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① The Group calculates the risk-weighted assets of the credit risk by obtaining approval of the internal
rating-based approach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② The internal rating-based approach meets the qualitative and quantitative requirements set by the Financial
Supervisory Service, including the use of advanced techniques in risk measurement, as well as the establishment of an internal control and risk management system. It enables more accurate measurement and management of credit risk than the standard
method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The internal rating-based approach

Risk-weighted assets are calculated by applying self-estimated risk measurement factors such as probability of default (PD), loss given default (LGD), exposure at default (EAD), and effective maturity (M) according to the internal rating of the Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Overview and utilization scope of credit rating evaluation model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Definition of corporate credit rating model

The corporate credit rating is the assessment of the possibility of default by the counterparty. It includes both scoring assessments that are evaluated according to quantitative methods using financial statements, etc., representative assessments that are evaluated according to quantitative methods using loans, deposit transactions, etc. of the representative's the Bank itself and other financial institutions, and judgment evaluations that are evaluated by the evaluator's subjective judgment. This represents that the degree of credit risk assessed is presented in a systematic manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Operation of corporate credit rating model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General corporate evaluation model: Classified to external audit based on K-IFRS, external audit based on GAAP, non-external audit 1, non-external audit 2 and personal business based on their total
assets, sales volume, accounting standards, whether subject to external audit or not, loan size and types of business, such as individuals or corporations.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of local governments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of public institutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of financial institutions: Banks, insurance companies, financial investment, and other financing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of overseas companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of non-profit organization: Private schools, medical
institutions, religious organizations, and other organizations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Specialized lending evaluation model: PF (Project Finance) (\*1), OF (Object Financing) (\*2), CF (Commodities
Financing) (\*3), real estate financing for sale, Real estate financing for rent, fund financing, acquisition financing, and asset securitization.

(\*1) Project Finance (PF)

Credit provided for large-scale facility projects such as power plants and transportation facilities, secured by the project itself and repaid from the cash flow generated by the project.

(\*2) Object Finance (OF)

Credit provided for the purchase of tangible assets such as ships and aircraft, secured by the asset itself and repaid from the cash flow generated by the asset.

(\*3) Commodities Finance (CF)

Credit secured by reserves, inventories, or receivables related to commodities traded on recognized exchanges, with the proceeds from the sale of these assets used as the source of repayment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Corporate credit rating system

The corporate credit rating system is divided into 14 grades (13 normal, 1 default) system, and each credit rating is presented in English (AAA ~ D).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Definition of retail credit scoring model

This is a model that determines credit rating of retail loan customers by calculating credit score statistically using the customer information and operates two types of scoring system which are Application Scoring System and Behavior Scoring System according to applicable borrowers' loan types.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Application Scoring System (ASS): The model determines credit rating by statistically calculating credit score
for new retail loan applications using personal information, transaction information, credit information, and other relevant data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Behavior Scoring System (BSS): The model determines credit rating by statistically calculating credit score for
existing retail loans using transaction information, credit information, and relevant data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Operation of retail credit scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SOHO loan credit scoring model : ASS / BSS scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Household loan credit scoring model : ASS / BSS scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Retail credit scoring model evaluation system : Presented in number from grade 1 to 10.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Utilizes as a key component in calculating BIS credit risk-weighted assets

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Supports prompt loan decision-making by applying for interest rate (pricing), and discretionary
decision-making, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Utilizes to measure overall risk such as asset quality and provisions for the credit losses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Utilizes as an indicator of Risk Adjusted Performance Measurement and relevant performance measurement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Control structure for credit evaluation system (including content related to grade change)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Securing the independence of granting credit rating

The credit rating is granted through the evaluation department (large enterprise, small and medium-sized enterprise, personal, etc.) that is independent from the sales department, but the head of the branch has authority to grant credit ratings to small-scale loans according to the size of the loans. The Group clearly defines and operates procedures such as override, check list, authority and procedures, and review when granting credit ratings. For credit ratings granted by a sales branch and the evaluation department, periodic and regular loan reviews are performed by the credit supervision department to assess the consistency and timeliness of credit ratings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Securing independence of credit risk control operations

The Credit Risk Management Dept. within the Risk Management Group that is independent of the sales department is responsible for the design, monitoring/supervision of operation and performance, on-going review and modification. The Credit Risk Management Dept. conducts self-validation and monitoring of credit ratings, development and implementation of credit rating models.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Validation of credit evaluation systems by an independent third party

To secure the adequacy of the credit evaluation system, the Risk Model Validation Dept. within the Risk Management Group, which is independent from the credit evaluation system department, conducts validation of credit evaluation system. The Risk Model Validation Dept. conducts periodic validation to assess the adequacy of the credit evaluation system's design, to determine whether BIS satisfies with the minimum requirements and to validate the utilization and calculation methods of risk measurement components (PD, LGD, EAD, etc.).

A third-party review is conducted in Head Office Audit Dept. for the development/ implementation of Credit Risk Management Dept.'s credit risk model, estimation of risk measurement factors, and the third party's validation activities of the Risk Model Validation Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Strengthen the role of the Board of Directors and management

Major decision-making related to the credit evaluation system and risk measurement factors are carried out in the approval process of the Executive Risk Management Committee and the Board Risk Management Committee (Board of Directors). Issues related to validation and monitoring of credit evaluation systems and risk measurement elements are regularly reported to the Executive Risk Management Committee and the Board Risk Management Committee (Board of Directors).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Scope of application of internal rating method

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| | | | |
|:---|:---|:---|:---|
| BIS Ratio calculation method | BIS Ratio calculation method | Exposure category | Date of approval |
| Standard method | Permanent standard method | Government, public institutions, and banks | October 30, 2008 |
|  | Standard method | Subsidiaries, overseas branches, and other assets | October 30, 2008 |
| Internal rating-based model |  | Large/small, medium-sized enterprise exposure (external audit IFRS, external audit GAAP, non-external audit1, non-external audit2, personal business model), retail exposure, and asset-backed exposure (Credit rating-based approach) | October 30, 2008<br> February 13, 2015 |
| Stepwise application |  | Special financing, financial institutions and non-profit organizations | October 30, 2008 |

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iii) Measurement of expected credit loss

K-IFRS No.1109 *'Financial Instruments'* requires entities to measure loss allowance equal to 12-month expected credit losses or lifetime expected credit losses after classifying financial assets into one of the three stages, depending on the degree of increase in credit risk since their initial recognition.

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| | | | |
|:---|:---|:---|:---|
| Classification | Stage 1 | Stage 2 | Stage 3 |
| Definition | No significant increase in credit risk after initial recognition (\*) | Significant increase in credit risk after initial recognition | Credit-impaired |
| Loss allowance | 12-month expected credit losses | Lifetime expected credit losses | Lifetime expected credit losses |
| Loss allowance | <br> Expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date | Expected credit losses that result from all possible default events over the life of the financial instrument | Expected credit losses that result from all possible default events over the life of the financial instrument |

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(\*) If the financial instrument has low credit risk at the end of the reporting period, the Group may assume that the credit risk has not increased significantly since initial recognition.

At the end of each reporting period, the Group assesses whether the credit risk has increased significantly since initial recognition by using credit rating, asset quality, early warning system, days past due, and others. For financial assets whose contractual cash flows have been modified, the Group assesses whether there is a significant increase in credit risk on the same basis. The Group performs the above assessment to both corporate and retail exposures, and indicators of significant increase in credit risk are as follows:

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| | |
|:---|:---|
| Corporate Exposures | Retail Exposures |
| Asset quality level 'Precautionary' or lower | Asset quality level 'Precautionary' or lower |
| More than 30 days past due | More than 30 days past due |
| 'Warning' level in early warning system | Significant decrease in credit rating (\*) |
| Debtor experiencing financial difficulties (Capital impairment, Adverse opinion or Disclaimer of opinion by external auditors) | Deferment of repayment of principal and interest |
| Significant decrease in credit rating | Deferment of interest |
| Deferment of repayment of principal and interest |  |
| Deferment of interest |  |

---

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The Group concludes that credit is impaired when financial assets are under conditions stated below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When principal and interest of loan is overdue for 90 days or longer due to significant deterioration in credit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For loans overdue for less than 90 days, when it is determined that not even a portion of the loan will be
recovered unless claim actions such as disposal of collaterals are taken

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When other objective indicators of impairment have been noted for the financial asset

In addition, the Group reflects the future economic forecast adjustment coefficient in the probability of default and loss given default and recognizes additional provisions for expected credit losses by adjusting the future economic forecast adjustment coefficient in consideration of the potential for insolvency due to increase in domestic and international economic uncertainty.

The Group has estimated the expected credit loss allowances using an estimation model that additionally reflects the forward-looking information based on the past experience loss rate data.

Probability of default (PD) and loss given default (LGD) for each category of financial asset are being calculated by considering factors such as debtor type, credit rating and portfolio. The estimates are regularly being reviewed in order to reduce discrepancies with actual losses.

In measuring the expected credit losses, the Group is using reasonably supportable macroeconomic indicators such as Gross Domestic Product (real and original series) growth rate, average manufacturing utilization rate, apartment sales price index (KB, Seoul), unemployment rate (original series), etc., in order to forecast forward looking information conditions.

------

The Group applies the following forward-looking model and reviews the results regularly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Development of estimation models through regression analysis of borrower(corporate/retail)/probability of default
by point in time and collateral (credit, collateral)/ default recovery rate by point in time (1-loss given default) and macroeconomic indicator data by year

---

| | |
|:---|:---|
| Major macroeconomic variables | Correlation between credit risk and macroeconomic indicators |
| Gross Domestic Product (real, original series) growth rate | Negative (-) Correlation |
| Average manufacturing utilization rate | Negative (-) Correlation |
| Unemployment rate (original series) | Positive (+) Correlation |
| Apartment sales price index (KB, Seoul) | Negative (-) Correlation |
| KOSPI | Negative (-) Correlation |
| Gross Domestic Income (GDI) | Negative (-) Correlation |
| Retail sales index | Negative (-) Correlation |
| Housing transaction price index (KB, Nationwide) | Negative (-) Correlation |
| KOSDAQ | Negative (-) Correlation |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calculation of estimated probability of default and estimated default recovery rate by incorporating future
economic outlook using utilizing economic variable forecasts derived from various methods: 1) Economic variable forecasts provided by institutions verified to be reliable such as the Bank of Korea (BOK), Korea Development Institute (KDI), and Korea
Institute of Finance (KIF); 2) Forecasts derived from external institutions and regression analysis results; 3) Economic variable forecasts derived through time series trends, etc., to the estimation model developed as a result of modeling.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Probability weight

As of December 31, 2025, the probability weights applied to the scenarios of the forecasts of macroeconomic variables is as follows (Unit: %):

<u>Normal<br>Scenario</u> <u>Good<br>Scenario</u> <u>Bad<br>Scenario</u> <u>Worst<br>Scenario</u> <br> Probability weight 45.58 5.69 28.73 20.00

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When reflecting the predicted probability of default and default recovery rates, the increase rate is used as a
future economic forecast adjustment coefficient and reflected in the estimate applied for the current year.

The Group has additionally applied a Worst scenario to the three macroeconomic variable scenarios (Normal, Good, and Bad) considering internal and external uncertainties. Assuming all other conditions remain the same and assigning a probability weight of 100% to each scenario, the results of the Group's sensitivity analysis of expected credit loss allowance are as follows (Forecast period: 2026) (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
| Scenarios | Probability weight | Assuming 100% | Difference from<br>book value |
|  Good | 5.69% | 1280714 | (675757) |
|  Normal | 45.58% | 1394081 | (562390) |
|  Bad | 28.73% | 1796726 | (159745) |
|  Worst | 20.00% | 4255128 | 2298657 |

---

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iv) Maximum exposure to credit risk

The Group's maximum exposure to credit risk refers to net book value of financial assets net of expected credit loss allowances, which shows the uncertainties of maximum changes of net value of financial assets attributable to a particular risk without considering collateral and other credit enhancements obtained. However, the maximum exposure is the fair value amount (recorded on the books) for derivatives, maximum contractual obligation for payment guarantees loan commitment Additionally, loan commitments are the unused commitment amounts that represent the maximum exposure to credit risk for each loan.

The maximum exposure to credit risk as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31,<br>2025 | December 31,<br>2024 |
|  Loans and other financial assets at amortized cost | Korean treasury and government agencies | 158916 | 194896 |
|  Loans and other financial assets at amortized cost | Banks | 22306039 | 23060847 |
|  Loans and other financial assets at amortized cost | Corporates | 165693847 | 164118475 |
|  Loans and other financial assets at amortized cost | Retail | 183050503 | 179173623 |
|  Loans and other financial assets at amortized cost |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 371209305 | 366547841 |
|  Financial assets at FVTPL (\*1) | Due from banks | 261470 | 73951 |
|  Financial assets at FVTPL (\*1) | Debt securities | 4117965 | 4651188 |
|  Financial assets at FVTPL (\*1) | Derivative assets | 5806126 | 10095101 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 10185561 | 14820240 |
|  Financial assets at FVTOCI | Debt securities and others | 47686718 | 42912557 |
|  Securities at amortized cost | Debt securities | 18707459 | 19193186 |
|  Derivative assets (Designated for hedging) |  | 37010 | 10102 |
|  Off-balance accounts | Guarantees (\*2) | 16070080 | 16610473 |
|  Off-balance accounts | Loan commitments | 88699685 | 90311327 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 104769765 | 106921800 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 552595818 | 550405726 |

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(\*1) Puttable financial instruments are not included.

(\*2) As of December 31, 2025 and 2024, the financial guarantee amount of 5,032,789 million Won and 4,156,000 million Won are included, respectively.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Korea | China | U.S.A | U.K | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 341410916 | 5451709 | 6441065 | 773798 | 1259028 | 15872789 | 371209305 |
|  Securities at amortized cost | 17720610 | 55390 | 779676 |  |  | 151783 | 18707459 |
|  Financial assets at FVTPL | 7607000 | 32 | 1040587 | 502905 | 277765 | 757272 | 10185561 |
|  Financial assets at FVTOCI | 42866104 | 655937 | 2294306 | 309252 |  | 1561119 | 47686718 |
|  Derivative assets (Designated for hedging) |  |  | 30719 |  | 6291 |  | 37010 |
|  Off-balance accounts | 97169751 | 1069795 | 1352886 | 756252 | 35333 | 4385748 | 104769765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 13271393 | 285532 | 419757 | 261870 | 13746 | 1817782 | 16070080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 83898358 | 784263 | 933129 | 494382 | 21587 | 2567966 | 88699685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 506774381 | 7232863 | 11939239 | 2342207 | 1578417 | 22728711 | 552595818 |

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(\*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia and other countries.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Korea | China | U.S.A | U.K | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 335312680 | 5784236 | 7076667 | 584060 | 850835 | 16939363 | 366547841 |
|  Securities at amortized cost | 18042879 | 197188 | 712761 |  |  | 240358 | 19193186 |
|  Financial assets at FVTPL | 10387361 | 88 | 1824414 | 553842 | 430341 | 1624194 | 14820240 |
|  Financial assets at FVTOCI | 37736203 | 589277 | 3157655 | 190801 | 22112 | 1216509 | 42912557 |
|  Derivative assets (Designated for hedging) |  |  | 3216 |  | 6886 |  | 10102 |
|  Off-balance accounts | 100568462 | 1213479 | 1689796 | 87755 | 20758 | 3341550 | 106921800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 13792824 | 497302 | 763582 | 87755 | 20758 | 1448252 | 16610473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 86775638 | 716177 | 926214 |  |  | 1893298 | 90311327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 502047585 | 7784268 | 14464509 | 1416458 | 1330932 | 23361974 | 550405726 |

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(\*) Others consist of financial assets in Indonesia, Hong Kong, Germany, Australia, and other countries.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are service, manufacturing, finance and insurance, construction, individuals and others in accordance with the Korea Standard Industrial Classification Code as of December 31, 2025 and 2024 (Unit: Korean Won in millions):

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 82661426 | 50363769 | 32939748 | 4468456 | 180689079 | 20086827 | 371209305 |
|  Securities at amortized cost | 89611 |  | 8009336 | 39968 |  | 10568544 | 18707459 |
|  Financial assets at FVTPL | 65673 | 424379 | 5710158 | 4392 | 100 | 3980859 | 10185561 |
|  Financial assets at FVTOCI | 179072 | 265129 | 33749595 | 79600 |  | 13413322 | 47686718 |
|  Derivative assets (Designated for hedging) |  |  | 37010 |  |  |  | 37010 |
|  Off-balance accounts | 21447783 | 25003158 | 14659721 | 3024118 | 33261431 | 7373554 | 104769765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 5062242 | 7346416 | 1575301 | 718525 | 4257 | 1363339 | 16070080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 16385541 | 17656742 | 13084420 | 2305593 | 33257174 | 6010215 | 88699685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 104443565 | 76056435 | 95105568 | 7616534 | 213950610 | 55423106 | 552595818 |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 86264992 | 46100201 | 30436530 | 4751261 | 176668876 | 22325981 | 366547841 |
|  Securities at amortized cost | 169352 |  | 10238266 | 59866 |  | 8725702 | 19193186 |
|  Financial assets at FVTPL | 129606 | 563351 | 9625142 | 11452 | 693 | 4489996 | 14820240 |
|  Financial assets at FVTOCI | 331590 | 474837 | 29935897 | 194940 |  | 11975293 | 42912557 |
|  Derivative assets (Designated for hedging) |  |  | 10102 |  |  |  | 10102 |
|  Off-balance accounts | 20286212 | 27691963 | 14908569 | 2749923 | 33498969 | 7786164 | 106921800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 4485092 | 7770339 | 1631135 | 858098 | 7159 | 1858650 | 16610473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 15801120 | 19921624 | 13277434 | 1891825 | 33491810 | 5927514 | 90311327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 107181752 | 74830352 | 95154506 | 7767442 | 210168538 | 55303136 | 550405726 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) Credit risk exposure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Financial assets

The maximum exposure to credit risk by asset quality, except for financial assets at FVTPL and derivative asset (designated for hedging) as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Expected<br>credit loss<br>allowance | Total, net |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total | Expected<br>credit loss<br>allowance | Total, net |
|  Loans and other financial assets at amortized cost | 320987247 | 25876614 | 12791200 | 11526507 | 2290607 | 373472175 | (2262870) | 371209305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 159419 |  |  |  |  | 159419 | (503) | 158916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 21947704 | 380844 |  |  |  | 22328548 | (22509) | 22306039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 137760518 | 21175120 | 2405192 | 4949910 | 979847 | 167270587 | (1576740) | 165693847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 99660976 | 14532450 | 2075889 | 3692874 | 822745 | 120784934 | (1271965) | 119512969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 26324391 | 6316669 | 321059 | 1253836 | 155743 | 34371698 | (261253) | 34110445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 11775151 | 326001 | 8244 | 3200 | 1359 | 12113955 | (43522) | 12070433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 161119606 | 4320650 | 10386008 | 6576597 | 1310760 | 183713621 | (663118) | 183050503 |
|  Securities at amortized cost | 18718526 |  |  |  |  | 18718526 | (11067) | 18707459 |
|  Financial assets at FVTOCI (\*3) | 47527021 | 159697 |  |  |  | 47686718 | (28937) | 47686718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 387232794 | 26036311 | 12791200 | 11526507 | 2290607 | 439877419 | (2302874) | 437603482 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Loans and other financial assets at amortized cost | 233729937 | 21699210 | 1009058 | 256438205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 103817 |  |  | 103817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 1815479 |  |  | 1815479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 92470615 | 6504152 | 556479 | 99531246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 61019442 | 5128816 | 475788 | 66624046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 23443754 | 1375336 | 80691 | 24899781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 8007419 |  |  | 8007419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 139340026 | 15195058 | 452579 | 154987663 |
|  Securities at amortized cost |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 233729937 | 21699210 | 1009058 | 256438205 |

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(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

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| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI are disclosed as the amount before deducting credit loss allowances as it does not reduce the carrying amount.  |

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Expected<br>credit loss<br>allowance | Total, net |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total | Expected<br>credit loss<br>allowance | Total, net |
|  Loans and other financial assets at amortized cost | 319216302 | 22126049 | 12779833 | 12871140 | 1891996 | 368885320 | (2337479) | 366547841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 195521 |  |  |  |  | 195521 | (625) | 194896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 22842408 | 115722 | 88306 |  | 36140 | 23082576 | (21729) | 23060847 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 139696518 | 16962447 | 2745985 | 5666456 | 715654 | 165787060 | (1668585) | 164118475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 97835687 | 10772864 | 2359928 | 4012005 | 548821 | 115529305 | (1255045) | 114274260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 30520022 | 5841706 | 376099 | 1560415 | 163776 | 38462018 | (343071) | 38118947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 11340809 | 347877 | 9958 | 94036 | 3057 | 11795737 | (70469) | 11725268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 156481855 | 5047880 | 9945542 | 7204684 | 1140202 | 179820163 | (646540) | 179173623 |
|  Securities at amortized cost | 19203940 |  |  |  |  | 19203940 | (10754) | 19193186 |
|  Financial assets at FVTOCI (\*3) | 42756363 | 156194 |  |  |  | 42912557 | (29082) | 42912557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 381176605 | 22282243 | 12779833 | 12871140 | 1891996 | 431001817 | (2377315) | 428653584 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Loans and other financial assets at amortized cost | 237605385 | 22440301 | 828926 | 260874612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 55775 |  |  | 55775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 2474302 |  |  | 2474302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 98950301 | 7227619 | 442546 | 106620466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 59099372 | 5578709 | 328666 | 65006747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 32222974 | 1588272 | 113880 | 33925126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 7627955 | 60638 |  | 7688593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 136125007 | 15212682 | 386380 | 151724069 |
|  Securities at amortized cost |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 237605385 | 22440301 | 828926 | 260874612 |

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(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

---

| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI are disclosed as the amount before deducting credit loss allowances as it does not reduce the carrying amount.  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Guarantees and loan commitments

The credit quality of the guarantees and loan commitments as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than<br>a limited<br>credit rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total |
|  Off-balance accounts |  |  |  |  |  |  |
|  Guarantees | 15186127 | 776038 | 18603 | 66204 | 23108 | 16070080 |
|  Loan commitments | 83416740 | 2902883 | 2179241 | 200588 | 233 | 88699685 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 98602867 | 3678921 | 2197844 | 266792 | 23341 | 104769765 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporate are BBB- ~ C, and retails are grades 7 ~ 10.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than<br>a limited<br>credit rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total |
|  Off-balance accounts |  |  |  |  |  |  |
|  Guarantees | 15678584 | 808182 | 41866 | 59688 | 22153 | 16610473 |
|  Loan commitments | 85592644 | 2416771 | 2080517 | 221395 |  | 90311327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 101271228 | 3224953 | 2122383 | 281083 | 22153 | 106921800 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporate are BBB- ~ C, and retails are grades 7 ~ 10.

vi) Collateral and other credit enhancements

For the year ended December 31, 2025, there have been no significant decreases in the value of collateral or other credit enhancements held by the Group or significant changes in collateral or other credit enhancements due to changes in the collateral policy of the Group.

vii) Among the financial assets that have measured expected credit loss allowances in terms of lifetime expected credit losses, amortized costs before changes in contractual cash flows for the year ended December 31, 2025 is 56,978 million Won, with net losses recognized along with the changes 9,244 million Won and for the year end December 31, 2024 is 52,420 million Won, with net losses recognized along with the changes 1,500 million Won, respectively. 

viii) The Group determines which loan is subject to write-off in accordance with internal guidelines and writes off loan receivables when it is determined that the loans are practically irrecoverable. For example, loans are practically irrecoverable when application is made for rehabilitation under the Debtor Rehabilitation and Bankruptcy Act. and loans are confirmed as irrecoverable by the court's decision to waive debtor's obligation, or when it is not possible to recover the loan amount through legal means such as selling debtor's assets via auctions or through any other means available. Notwithstanding the write-off, the Group may still exercise its right of collection after the asset has been written off in accordance with its collection policies. 

As the Group manages receivables that have not lost the right of claim to the debtor for the grounds of incomplete statute limitation and uncollected receivables under the related laws as receivable charge-offs, the balance as of December 31, 2025 and 2024 is 8,239,954 million Won and 7,662,692 million Won, respectively. In addition, the contractual uncollected amount of financial assets written off during the year ended December 31, 2025, but still in the process of recovery is 789,029 million Won.

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(2) Market risk

Market risk is the possible risk of loss arising from trading activities and non-trading activities in the volatility of market factors such as interest rates, stock prices and foreign exchange rates. Market risk arises from changes in the interest rates and foreign exchange rates for financial instruments that are not yet settled, and all contracts are exposed to a certain level of volatility according to changes in the interest rates, credit spreads, foreign exchange rates and the price of equity securities, and etc.

Market risk management refers to the process of making and implementing decisions for the avoidance, acceptance or mitigation of risks by identifying the underlying source of the risks in the trading and non-trading activities and measuring its level and evaluating the appropriateness of the level of accepted market risks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Market risk management for trading activities

The Group has introduced and applied the Basel III standard method according to Detailed Enforcement Regulations for Supervision of Banking Business 3-2> as a measurement method of market risk since 2023. On a consolidated basis, the market risk capital requirements used for calculating the BIS ratio are determined by aggregating the capital required for sensitivity-based methods, default risk, and residual risk, and are managed within the established internal capital limit.

The sensitivity-based method measures linear and nonlinear losses that may occur due to unfavorable fluctuations such as interest rates, credit spreads, stock prices, exchange rates, and general commodity prices, and measures losses that may occur due to sudden bankruptcy not considered in the sensitivity method. Other losses not considered in the sensitivity method and default risk are measured in the residual risk required equity capital.

The foreign exchange positions intentionally opened to mitigate the impact of exchange rate fluctuations on the capital ratio, specifically for overseas business investments in key operating currencies such as IDR, VND, and CNY, are excluded from the calculation of market risk capital requirements with the approval of structural foreign exchange positions from the financial regulatory authorities. However, they are managed within market internal capital, among others.

In addition, in the event of extreme situations such as the IMF crisis and the global financial crisis, stress tests are conducted every month to measure the size of losses to prepare for crises.

Market risk limits, including internal capital, loss, and VaR limits, are allocated annually by the Board Risk Management Committee and Executive Risk Management Committee based on business groups, departments, teams and risk factors, while the position management department sets limits for business units excluding the derivatives book. Compliance with limits is independently monitored by both the operation department and the Risk Management Dept. And the details of the limit monitoring are regularly reported to the Executive Risk Management Committee and the Board Risk Management Committee.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Trading activities

The market risk required equity capital at the end of the reporting period by risk group is as follows (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
|  | Risk group | December 31,<br>2025 | December 31,<br>2024 |
|  Sensitivity-based risk | General interest rate risk | 34292 | 29029 |
|  Sensitivity-based risk | Equity risk | 3152 | 3006 |
|  Sensitivity-based risk | General commodity risk | 3 | 51 |
|  Sensitivity-based risk | Foreign exchange risk (\*) | 110144 | 114174 |
|  Sensitivity-based risk | Non-securitization credit spread risk | 23797 | 18258 |
|  Sensitivity-based risk | Securitization (excluding correlation trading portfolio, CTP) credit spread risk |  |  |
|  Sensitivity-based risk | CTP credit spread risk |  |  |
|  Default risk | Non-Securitization bankruptcy risk | 9207 | 8604 |
|  Default risk | Securitization (excluding CTP) default risk |  |  |
|  Default risk | CTP default risk |  |  |
|  Residual risk | Residual risk | 1106 | 1182 |
|  Total | Total | 181701 | 174304 |

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(\*) The structural foreign exchange positions approved by the Financial Supervisory Service Governor are excluded from the calculation of the foreign exchange capital requirements.

ii) Market risk management for non-trading activities

For non-trading sectors of the Group, NII (Net Interest Income) and NPV (Net Present Value) simulations are operated through the ALM (Asset Liability Management) system, and interest rate risks are managed and measured by various analysis methods such as calculating ΔNII (change in Net Interest Income) and ΔEVE (change in Economic Value of Equity).

NII is primarily an indicator of changes in profit from short-term changes in interest rates and is measured by deducting the interest expenses on the liability from the interest income from the asset. NPV is primarily an indicator of the risk of an economic value perspective resulting from fluctuations in interest rates and is measured by subtracting the present value of the liability from the present value of the asset. ΔNII indicates a change in net interest income over a specified future period (e.g., 1 year) due to fluctuations in interest rates, and ΔEVE indicates the economic value changes in equity capital resulting from changes in interest rates affecting the present value of asset, liabilities, and off-balance-sheet items.

Applying six scenarios of interest rate risk shocks (parallel increase and decrease, steepener, flattener and short-term interest rate increase and decrease), the interest rate risks of IRRBB (Interest Rate Risk in the Banking Book) are calculated. Based on the six scenarios above, the change in economic value of equity (ΔEVE) is measured, the maximum of which is the final ΔEVE. Also, the maximum calculated based on the two scenarios (parallel increase and decrease) is the final ΔNII.

For assets and liabilities as of December 31, 2025 and 2024 that include the Bank and consolidated trusts and subsidiaries of the Bank, details of ΔEVE and ΔNII calculated based on interest rate risk in banking book (IRRBB) are as follows (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
| December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
| ΔEVE(\*1) | ΔNII(\*2) | ΔEVE(\*1) | ΔNII(\*2) |
| 488658 | 685472 | 952830 | 668290 |

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(\*1) ΔEVE: change in Economic Value of Equity

(\*2) ΔNII: change in Net Interest Income

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The Group measures and manages the risks resulting from interest rate fluctuations caused by mismatches in interest rates and maturities of assets and liabilities. At the interest rate re-pricing date, cash flows (both principal and interest) of interest-bearing assets and liabilities, which is the basis of non-trading position interest rate risk management are as follows (Unit: Korean Won in millions):

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Asset: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 242452158 | 49888783 | 19968147 | 12907840 | 66559606 | 3874317 | 395650851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 21445 |  |  |  |  |  | 21445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 16065783 | 3864449 | 2551840 | 1989420 | 23884850 | 1298513 | 49654855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 1068946 | 1058142 | 2206199 | 2130814 | 11965315 | 1192507 | 19621923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 259608332 | 54811374 | 24726186 | 17028074 | 102409771 | 6365337 | 464949074 |
|  Liability: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 168307298 | 57072670 | 42566190 | 43628460 | 63954509 | 29396 | 375558523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 20176206 | 3471807 | 1085634 | 1257658 | 2883194 | 518214 | 29392713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 3726029 | 1689439 | 1919818 | 1950739 | 19032647 | 2555145 | 30873817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 192209533 | 62233916 | 45571642 | 46836857 | 85870350 | 3102755 | 435825053 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Asset: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 228548911 | 50494417 | 23092039 | 15052939 | 64031345 | 4200527 | 385420178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 22850 |  |  |  |  |  | 22850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 7276054 | 4996536 | 2350588 | 2570750 | 26449061 | 1421185 | 45064174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 1318853 | 1641266 | 1856726 | 629079 | 12972012 | 1862090 | 20280026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 237166668 | 57132219 | 27299353 | 18252768 | 103452418 | 7483802 | 450787228 |
|  Liability: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 166067906 | 54851422 | 43879398 | 40969896 | 62233212 | 34575 | 368036409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 17300859 | 3577136 | 1144449 | 1343675 | 2961263 | 513870 | 26841252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 2627676 | 3528439 | 2602985 | 1633304 | 14766804 | 2611435 | 27770643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 185996441 | 61956997 | 47626832 | 43946875 | 79961279 | 3159880 | 422648304 |

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iii) Currency risk

The Bank manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. The Risk Management Committee sets market internal capital limits for each group to manage market risks, including currency risk. The trading desks and dealers manage the comprehensive position by operating spot foreign exchange and currency derivatives within the set market risk and foreign exchange position limits.

Financial instruments in foreign currencies exposed to currency risk as of December 31, 2025 and 2024 are as follows (Unit: USD in millions, JPY in millions, CNY in millions, EUR in millions, and Korean Won in millions):

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | | USD | USD | JPY | JPY | CNY | CNY | EUR | EUR | Others | Total |
|  | | Foreign<br>currency | Korean Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent |
|  Asset | Cash and cash equivalents | 10365 | 14873417 | 162974 | 1495497 | 1434 | 293637 | 396 | 667397 | 1503822 | 18833770 |
|  | Loans and other financial assets at amortized cost | 22599 | 32426982 | 98342 | 902417 | 18707 | 3830413 | 2061 | 3474553 | 7539317 | 48173682 |
|  | Financial assets at FVTPL | 1015 | 1456178 | 4835 | 44367 |  |  | 184 | 310228 | 19687 | 1830460 |
|  | Financial assets at FVTOCI | 2718 | 3900476 |  |  | 3185 | 652090 | 283 | 477752 | 870955 | 5901273 |
|  | Securities at amortized cost | 610 | 875923 |  |  | 271 | 55390 | 7 | 12610 | 135379 | 1079302 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 37307 | 53532976 | 266151 | 2442281 | 23597 | 4831530 | 2931 | 4942540 | 10069160 | 75818487 |
|  Liability  | Financial liabilities at FVTPL | 62 | 88508 |  | 1 |  |  |  | 774 | 138 | 89421 |
|  | Deposits due to customers | 22953 | 32935771 | 215351 | 1976126 | 21625 | 4428000 | 5781 | 9744458 | 6344375 | 55428730 |
|  | Borrowings | 7846 | 11258513 | 34754 | 318915 | 957 | 195936 | 359 | 605116 | 2060833 | 14439313 |
|  | Debentures | 3093 | 4438023 |  |  | 600 | 122856 |  |  |  | 4560879 |
|  | Other financial liabilities | 3143 | 4509358 | 12179 | 111756 | 1423 | 291386 | 62 | 104848 | 352234 | 5369582 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 37097 | 53230173 | 262284 | 2406798 | 24605 | 5038178 | 6202 | 10455196 | 8757580 | 79887925 |
|  Off-balance accounts | Off-balance accounts | 9277 | 13312112 | 19765 | 181369 | 1163 | 238158 | 673 | 1134333 | 541985 | 15407957 |
|  |  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  |  | USD | USD | JPY | JPY | CNY | CNY | EUR | EUR | Others | Total |
|  |  | Foreign<br>currency | Korean Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean Won<br>equivalent | Korean Won<br>equivalent | Korean Won<br>equivalent |
|  Asset | Cash and cash equivalents | 8257 | 12138001 | 78491 | 735049 | 1330 | 267679 | 223 | 341262 | 1123418 | 14605409 |
|  | Loans and other financial assets at amortized cost | 21620 | 31780528 | 104070 | 974600 | 26856 | 5405371 | 2212 | 3380628 | 7580785 | 49121912 |
|  | Financial assets at FVTPL | 871 | 1279639 | 6655 | 62327 |  |  | 145 | 222355 | 20086 | 1584407 |
|  | Financial assets at FVTOCI | 3588 | 5274144 |  |  | 2910 | 585622 | 37 | 55853 | 847518 | 6763137 |
|  | Securities at amortized cost | 767 | 1127313 |  |  | 980 | 197188 | 36 | 55074 | 175895 | 1555470 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 35103 | 51599625 | 189216 | 1771976 | 32076 | 6455860 | 2653 | 4055172 | 9747702 | 73630335 |
|  Liability | Financial liabilities at FVTPL | 112 | 164400 | 2 | 15 |  |  | 1 | 1766 | 751 | 166932 |
|  | Deposits due to customers | 23607 | 34702743 | 250528 | 2346146 | 27301 | 5494893 | 2024 | 3094378 | 5348054 | 50986214 |
|  | Borrowings | 8302 | 12203906 | 49495 | 463513 | 110 | 22235 | 545 | 832661 | 2833639 | 16355954 |
|  | Debentures | 3379 | 4967433 |  |  |  |  |  |  |  | 4967433 |
|  | Other financial liabilities | 2122 | 3119796 | 20524 | 192200 | 4120 | 829197 | 244 | 373176 | 491995 | 5006364 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 37522 | 55158278 | 320549 | 3001874 | 31531 | 6346325 | 2814 | 4301981 | 8674439 | 77482897 |
|  Off-balance accounts | Off-balance accounts | 7939 | 11670439 | 23905 | 223864 | 1702 | 342576 | 647 | 988344 | 1506643 | 14731866 |

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(3) Liquidity risk

Liquidity risk management prevents financial institutions from incurring losses due to lack of funds by effectively managing liquidity shortages that can occur due to inconsistent maturity of assets and liabilities or an unexpected outflow of funds. The entire assets and liabilities within the financial statements and off-balance sheet account that can generate cash-flow are subject to the liquidity risk management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Liquidity risk management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Basel III regulatory response

Through the standard ALM system, liquidity risks are managed by dividing them into short-term (liquidity coverage ratio, within 30 days) and mid- to long-term (net stabilization fund procurement ratio, over one year). Daily Liquidity Coverage Ratio (LCR) and quarterly Net Stable Funding Ratio (NSFR) are calculated and monitored, and relevant information is provided in accordance with the disclosure standards of the Basel Committee on Banking Supervision (BCBS).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Analysis of financing and operation status by maturity

As assets and liabilities are grouped into ALM account (COA; Chart of account) according to their account characteristics, and the gap ratio is identified through cash flow reports by various time and segment (e.g., by remaining period, contract period, etc.), the Group manages the liquidity risk by keeping the target ratio (limited) set this year. In addition, the Group established and manages the target ratio of concentration of funding for specific funding sources that are highly likely to withdraw. The Group also provides a function through daily ALM system to search relevant maturity report by business group so that related departments (e.g., the Financial Planning Department, the Treasury Department, each business group, etc.) can identify liquidity risk management indicators and status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Establishment and implementation of Contingency Plan

Various inspection items related to liquidity risk are monitored on a daily or weekly basis by establishing and regularly inspecting the preceding Contingency Plan in order to effectively cope with the risk of capital outflow and procurement due to rapid and unexpected changes in market conditions. In addition, the Group has strengthened monitoring related to foreign currency liquidity by operating a foreign currency contingency plan separately from January 2012.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inspection items related to liquidity risk on the Contingency Plan checklist

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ The amount of Won and foreign currency and insufficiency of funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ Liquidity coverage ratio (monthly average balance, daily balance)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ The amounts of deposits and withdrawals (saving deposit in Korean Won, depository)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ Overdraft limit exhaustion rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ Percentage of reduction in the balance of deferred deposits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ Percentage of concentration of funding by subject and period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;∎ Won and foreign currency funding spread

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ii) Maturity analysis of non-derivative financial liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 436572 | 53234 | 52655 | 32389 | 324118 | 17501 | 916469 |
|  Deposits due to customers | 240375790 | 42639701 | 31088985 | 45721916 | 16993271 | 1212200 | 378031863 |
|  Borrowings | 14281066 | 4327804 | 3581578 | 3018431 | 3360731 | 518214 | 29087824 |
|  Debentures | 3398896 | 1691707 | 1922086 | 2277982 | 19036653 | 2555145 | 30882469 |
|  Lease liabilities | 52235 | 42363 | 38545 | 33985 | 255895 | 19382 | 442405 |
|  Other financial liabilities | 22585097 | 82539 |  | 2626 | 235446 | 3847739 | 26753447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 281129656 | 48837348 | 36683849 | 51087329 | 40206114 | 8170181 | 466114477 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 74205 |  |  |  |  |  | 74205 |
|  Deposits due to customers | 236298950 | 41158837 | 32874946 | 42446187 | 16599482 | 1441449 | 370819851 |
|  Borrowings | 9737351 | 5577169 | 4338707 | 3477117 | 3391285 | 563870 | 27085499 |
|  Debentures | 2073670 | 3683287 | 2606561 | 2036919 | 14770810 | 2611573 | 27782820 |
|  Lease liabilities | 53205 | 42188 | 38538 | 34265 | 262872 | 50352 | 481420 |
|  Other financial liabilities | 17495078 | 73587 | 402 | 756 | 129235 | 4287098 | 21986156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 265732459 | 50535068 | 39859154 | 47995244 | 35153684 | 8954342 | 448229951 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Cash flows of principals and interests by expected maturities of non-derivative financial liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 445949 | 60227 | 57368 | 36549 | 296086 | 17501 | 913680 |
|  Deposits due to customers | 247316349 | 44727394 | 30657625 | 39953741 | 14486615 | 433032 | 377574756 |
|  Borrowings | 14283463 | 4328924 | 3582649 | 3020493 | 3354081 | 518214 | 29087824 |
|  Debentures | 3398896 | 1691707 | 1922086 | 2277982 | 19036653 | 2555145 | 30882469 |
|  Lease liabilities | 52239 | 43505 | 39701 | 35150 | 256136 | 19382 | 446113 |
|  Other financial liabilities | 22585097 | 82539 |  | 2626 | 235446 | 3847739 | 26753447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 288081993 | 50934296 | 36259429 | 45326541 | 37665017 | 7391013 | 465658289 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 74205 |  |  |  |  |  | 74205 |
|  Deposits due to customers | 242015533 | 43010503 | 32635026 | 37588260 | 14465794 | 491714 | 370206830 |
|  Borrowings | 9739766 | 5578296 | 4339783 | 3479184 | 3384599 | 563870 | 27085498 |
|  Debentures | 2073670 | 3683287 | 2606561 | 2036919 | 14770810 | 2611573 | 27782820 |
|  Lease liabilities | 53208 | 43333 | 39738 | 35465 | 267183 | 50352 | 489279 |
|  Other financial liabilities | 17495762 | 73915 | 722 | 1371 | 127287 | 4287098 | 21986155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 271452144 | 52389334 | 39621830 | 43141199 | 33015673 | 8004607 | 447624787 |

---

------

iii) Maturity analysis of derivative financial liabilities

Derivatives held for trading are not managed in accordance with their contractual maturity, since the Group holds such financial instruments with the purpose of disposing or redemption before their maturity. As such, those derivatives are classified as "within 3 months" in the table below. The cash flows from derivatives designated for hedging are estimated by offsetting cash inflows and cash outflows.

The cash flow by the maturity of derivative financial liabilities as of December 31, 2025 and 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  December 31, 2025 | Fair value hedge | 4867 | 11239 | (3279) | 13407 | 1247 | (10613) | 16868 |
|  | Trading | 5121181 |  |  |  |  |  | 5121181 |
|  December 31, 2024 | Fair value hedge | (6816) | 46231 | (11740) | 44950 | 35764 | (5834) | 102555 |
|  | Trading | 9161143 |  |  |  |  |  | 9161143 |

---

iv) Maturity analysis of off-balance accounts (guarantees, loan commitments and others)

A guarantee represents an irrevocable undertaking that the Group should meet a customer's obligations to third parties if the customer fails to do so. The loan commitment represents the limit if the Group has promised credit to the customer. Loan commitments include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits and utilized overdraft facilities. The maximum payment limit by the Group in accordance with guarantees and loan commitment only applies to principal amounts. In the case of payment guarantees, which correspond to financial guarantees such as debenture issuance, loan collateral, loan commitments and other credit offerings provided by the Group, there is a contract maturity date; however, payment must be executed immediately upon the counterparty's request. Details of off-balance accounts as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Guarantees |  | 16070080 |  | 16610473 |
|  Loan commitments |  | 88699685 |  | 90311327 |
|  Other commitments |  | 5636343 |  | 6039793 |

---

------

(4) Operational risk

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Definition

The Group defines the operational risk as the risk of potential losses arising from inadequate or incorrect internal procedures, human resource and system, and/or external factors.

ii) Operational risk measurement and management

The Group measures operational risk capital using the Basel III standardized approach. This approach calculates the required operational risk capital by multiplying the Business Indicator Component (BIC), which represents the scale of operations, with the Internal Loss Multiplier (ILM), which reflects the magnitude of actual historical internal losses relative to the scale of operations.

Operational risk limits are set with the approval of the Board of Risk Management Committee. The Group regularly calculates the operational risk capital and reports to the management, the Board of Risk Management Committee, and others.

Since a reduction in the size of internal loss events leads to a decrease in operational risk capital, it is important to prevent loss events in advance. Accordingly, the Group conducts operational risk management activities using tools such as Risk Control Self-Assessment (RCSA), Key Risk Indicators (KRI), and loss data. Additionally, to ensure continuity of operations in emergency situations such as disasters, the Group has established a Business Continuity Plan (BCP) and conducts annual simulation drills.

(5) Capital management

The Group complies with the standard of capital adequacy provided by financial regulatory authorities. The capital adequacy standard is based on Basel III published by Basel Committee on Banking Supervision in Bank for International Settlement which has been implemented in Korea on December 31, 2013. The capital adequacy ratio is calculated by dividing own capital by asset (weighted with a risk premium – risk weighted assets) based on the consolidated financial statements of the Group.

In accordance with the above regulations, the Group is maintaining the following ratios as of December 31, 2025 and 2024, respectively: a Common Equity Tier 1 capital ratio of 9.0% and 8.0%, a Tier 1 capital ratio of 10.5% and 9.5%, and a minimum total capital ratio of 12.5% and 11.5%.

Details of the Group's capital adequacy ratio as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 (\*) | December 31, 2024 |
|  Risk-weighted assets for credit risk | 165110790 | 171533503 |
|  Risk-weighted assets for market risk | 2271256 | 2178805 |
| Risk-weighted assets for operational risk | 18761441 | 18296422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-weighted assets | 186143487 | 192008730 |
|  Common Equity Tier 1 capital | 26296573 | 25060125 |
|  Other Tier 1 capital | 1412550 | 1652581 |
|  Tier 2 capital | 3581401 | 3717491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-adjusted capital | 31290524 | 30430197 |
|  Common Equity Tier 1 ratio | 14.13% | 13.05% |
|  Tier 1 capital ratio | 14.89% | 13.91% |
|  Total capital ratio | 16.81% | 15.85% |

---

(\*) Tier 1 capital ratio as of December 31, 2025 is estimation.

------

**5.** **OPERATING SEGMENTS** 

In evaluating the results of the Group and allocating resources, the Group's Chief Operation Decision Maker (the "CODM") utilizes the information per type of customers. This financial information of the segments is regularly reviewed by the CODM.

(1) Segment by types of customers

The Group's reporting segments comprise the following customers: consumer banking, corporate banking, investment banking, capital market, and headquarters and others. The reportable segments are classified based on the target customers for whom the service is being provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consumer banking: Loans/deposits and financial services for retail and individual consumers, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Corporate banking: Loans/deposits and export/import, Financial services for corporations, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment banking: Domestic/foreign investment, Structured finance, M&A, Equity & fund investment
related business, Venture advisory related tasks, Real estate SOC development practices, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital market: Investment in securities and derivatives, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Headquarters and others: Segments that do not belong to operating segments above.

The details of operating income by each segment for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumer<br>banking | Corporate<br>banking | Investment<br>banking | Capital<br>market | Headquarters<br>and others | Sub-total | Adjustments<br>(\*) | Continuing<br>operations |
|  Net interest income (expense) | 2073271 | 3134469 | (221612) | (41276) | 1870034 | 6814886 | 1001619 | 7816505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 5887905 | 7127115 | 444641 | 120150 | 3803916 | 17383727 | 577875 | 17961602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (2338283) | (6169595) | (29) | 16162 | (2077096) | (10568841) | 423744 | (10145097) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | (1476351) | 2176949 | (666224) | (177588) | 143214 |  |  |  |
|  Net non-interest income | 484596 | 643090 | 548876 | 172300 | 366552 | 2215414 | (1054812) | 1160602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest income | 401231 | 644892 | 783327 | 11720595 | 1650125 | 15200170 | (13089448) | 2110722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest expense | (28489) | (99705) | (234451) | (11548295) | (1073816) | (12984756) | 12034636 | (950120) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | 111854 | 97903 |  |  | (209757) |  |  |  |
|  Other expense | (1972820) | (1694632) | (41890) | (16377) | (1658669) | (5384388) | (71977) | (5456365) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative expense | (1942080) | (1210708) | (40019) | (32194) | (1031702) | (4256703) | (36759) | (4293462) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (provision for) expected credit loss allowance | (30740) | (483924) | (1871) | 15817 | (626967) | (1127685) | (35218) | (1162903) |
|  Operating income | 585047 | 2082927 | 285374 | 114647 | 577917 | 3645912 | (125170) | 3520742 |
|  Non-operating income (expense) | (2822) | (23511) | 33455 | (32211) | (98722) | (123811) | (37741) | (161552) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of investments in associates |  |  | 30627 | 235 | 15066 | 45928 |  | 45928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-operating income (expense) | (2822) | (23511) | 2828 | (32446) | (113788) | (169739) | (37741) | (207480) |
|  Net income before income tax expense | 582225 | 2059416 | 318829 | 82436 | 479195 | 3522101 | (162911) | 3359190 |
|  Income tax expense | (153708) | (549578) | (84171) | (21763) | 42634 | (766586) | (10505) | (777091) |
|  Net interest income | 428517 | 1509838 | 234658 | 60673 | 521829 | 2755515 | (173416) | 2582099 |

---

(\*) Adjustments were made for the presentation of profit or loss in accordance with K-IFRS from the reporting segments in accordance with the Managerial Accounting Standards.

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumer<br>banking | Corporate<br>banking | Investment<br>banking | Capital<br>market | Headquarters<br>and others | Sub-total | Adjustments<br>(\*) | Continuing<br>operations |
|  Net interest income (expense) | 2347537 | 3236304 | (268845) | (61738) | 1292907 | 6546165 | 1020076 | 7566241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 6072087 | 8459406 | 462395 | 118247 | 3844336 | 18956471 | 594202 | 19550673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (3225417) | (6906235) | (58) | 11696 | (2290292) | (12410306) | 425874 | (11984432) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | (499133) | 1683133 | (731182) | (191681) | (261137) |  |  |  |
|  Net non-interest income | 435555 | 611386 | 584626 | 206750 | 107580 | 1945897 | (874664) | 1071233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest income | 413213 | 657790 | 798762 | 19470420 | 1014657 | 22354842 | (19048803) | 3306039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest expense | (67906) | (130075) | (214136) | (19263670) | (733158) | (20408945) | 18174139 | (2234806) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | 90248 | 83671 |  |  | (173919) |  |  |  |
|  Other expense | (1967867) | (1580876) | (24618) | (54003) | (750351) | (4377715) | (190451) | (4568166) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative expense | (1893526) | (1097939) | (32348) | (33495) | (655696) | (3713004) | (33912) | (3746916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (provision for) expected credit loss allowance | (74341) | (482937) | 7730 | (20508) | (94655) | (664711) | (156539) | (821250) |
|  Operating income | 815225 | 2266814 | 291163 | 91009 | 650136 | 4114347 | (45039) | 4069308 |
|  Non-operating income (expense) | (63998) | (6900) | 49216 |  | (6780) | (28462) | (31859) | (60321) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on valuation of investments in associates |  |  | 26935 | 307 | 16825 | 44067 |  | 44067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-operating income (expense) | (63998) | (6900) | 22281 | (307) | (23605) | (72529) | (31859) | (104388) |
|  Net income before income tax expense | 751227 | 2259914 | 340379 | 91009 | 643356 | 4085885 | (76898) | 4008987 |
|  Income tax expense | (198324) | (583029) | (89860) | (24026) | (31921) | (927160) | (34891) | (962051) |
|  Net income | 552903 | 1676885 | 250519 | 66983 | 611435 | 3158725 | (111789) | 3046936 |

---

(\*) Adjustments were made for the presentation of profit or loss in accordance with K-IFRS from the reporting segments in accordance with the Managerial Accounting Standards.

(2) Information about products and services

The products of the Group are classified as interest-bearing products such as loans, deposits and debt securities and non-interest bearing products such as loan commitment, credit commitment, equity securities, and credit card service. This classification of products has been reflected in the segment information presenting interest income and non-interest income.

(3) Information about geographic area

Among the Group's revenue (interest income and non-interest income) from services, revenue from the domestic customers for the years ended December 31, 2025 and 2024 amounted to 17,022,516 million Won and 19,562,153 million Won, respectively, and revenue from the foreign customers amounted to 3,049,808 million Won and 3,294,559 million Won, respectively. Among the Group's non-current assets (investments in associates, investment properties, properties and equipment and intangible assets), non-current assets attributed to domestic customers as of December 31, 2025 and 2024 are 4,690,338 million Won and 4,773,618 million Won, respectively, and non-current assets attributed to foreign customers are 395,309 million Won and 416,972 million Won, respectively.

(4) Information about major customers

The Group does not have any single customer that generates 10% or more of the Group's total revenue for the years ended December 31, 2025 and 2024, respectively.

------

**6.** **CASH AND CASH EQUIVALENTS** 

(1) Details of cash and cash equivalents as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Cash | 1825654 | 1661098 |
|  Foreign currencies | 641954 | 811732 |
|  Demand deposits | 34641585 | 23494419 |
|  Time deposits | 125897 | 63505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 37235090 | 26030754 |

---

(2) Details of restricted due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2025 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from Bank of Korea (BOK) | BOK | 16555802 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
|  Due from banks on demand | BOK and others | 6919255 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23475057 |  |
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from Bank of Korea (BOK) | BOK | 9712194 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | BOK and others | 2954868 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 12667062 |  |

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(3) Among the investing and financing activities, significant transactions not involving cash inflows and outflows
for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year<br>ended December 31,<br>2025 | For the year<br>ended December 31,<br>2024 |
|  Changes in other comprehensive income (loss) due to valuation of financial assets at FVTOCI | (38610) | (23899) |
|  Changes in accounts payable related to acquisition of financial assets at FVTOCI | 29307 |  |
|  Changes in financial assets at FVTOCI due to debt-equity swap |  | 13536 |
|  Changes in other comprehensive income (loss) of investments accounted for using the equity method | (3250) | (7937) |
|  Changes in other comprehensive income (loss) related to hedge of net investment of foreign operation | 22319 | (114827) |
|  Changes in other comprehensive income (loss) of foreign operations translation | (108576) | 491204 |
|  Reclassification investment properties to properties and equipment |  | 65280 |
|  Reclassification properties and equipment to investment properties | 14440 |  |
|  Reclassification properties and equipment to assets held for sale | 107479 | 19692 |
|  Reclassification investment properties to assets held for sale | 35137 |  |
|  Increase in the right-of-use assets and lease liabilities | 158742 | 327319 |
|  Changes in accounts payable related to acquisition of intangible assets | (6808) | 24134 |

---

------

(4) Adjustments of liabilities from financing activities for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | January 1,<br>2025 | Cash flow | Not involving cash inflows and<br>outflows | Not involving cash inflows and<br>outflows | Not involving cash inflows and<br>outflows | December 31,<br>2025 |
|  | January 1,<br>2025 | Cash flow | Foreign<br>Exchange | Changed in<br>value of<br>hedged<br>items | Others | December 31,<br>2025 |
|  Borrowings | 26379689 | 2873831 | (319991) |  | 5 | 28933534 |
|  Debentures | 25534324 | 3025075 | (122099) | 80760 | 144208 | 28662268 |
|  Lease liabilities | 450682 | (210536) | (1640) |  | 172680 | 411186 |
|  Net Derivative Liability (Hedging Purpose) | 92532 | (9109) |  | (93549) | 166 | (9960) |
|  Rental deposit | 39414 | (51) |  |  |  | 39363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 52496641 | 5679210 | (443730) | (12789) | 317059 | 58036391 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | January 1,<br>2024 | Cash flow | Not involving cash inflows and<br>outflows | Not involving cash inflows and<br>outflows | Not involving cash inflows and<br>outflows | December 31,<br>2024 |
|  | January 1,<br>2024 | Cash flow | Foreign<br>Exchange | Changed in<br>value of<br>hedged<br>items | Others | December 31,<br>2024 |
|  Borrowings | 25254732 | (981449) | 2106383 |  | 23 | 26379689 |
|  Debentures | 21277033 | 3377666 | 683588 | 17417 | 178620 | 25534324 |
|  Lease liabilities | 299621 | (213326) | 13510 |  | 350877 | 450682 |
|  Net Derivative Liability (Hedging Purpose) | 134565 | (25442) |  | (5265) | (11326) | 92532 |
|  Rental deposit | 57104 | (17690) |  |  |  | 39414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 47023055 | 2139759 | 2803481 | 12152 | 518194 | 52496641 |

---

------

**7.** **FINANCIAL ASSETS AT FVTPL** 

Details of financial assets at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking assets | 261470 | 73951 |
|  Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 3555331 | 4094554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 139440 | 159968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 320323 | 241119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned |  | 12361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 102871 | 143186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 313287 | 313795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2445936 | 2258811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 7906695 | 6969099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 181982 | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14965865 | 14381771 |
|  Derivatives assets | 5806126 | 10095101 |
|  Other assets | 83949 | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21117410 | 24599169 |

---

Financial assets designated to be measured at FVTPL upon initial recognition is nil as of December 31, 2025 and 2024.

**8.** **FINANCIAL ASSETS AT FVTOCI** 

(1) Details of financial assets at FVTOCI as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Debt securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 6333111 | 7776569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 27980461 | 25266163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 3248996 | 3032609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds denominated in foreign currencies | 5740314 | 6598937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned | 238406 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed debt securities | 4135189 | 238279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 47676477 | 42912557 |
|  Equity securities | 935704 | 785527 |
|  Loans | 10241 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 48622422 | 43698084 |

---

------

(2) Details of equity securities designated as financial assets at FVTOCI as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
| Purpose of acquisition | December 31, 2025 | December 31, 2024 |
|  Investment for strategic business partnership purpose | 838909 | 683894 |
|  Debt-equity swap | 96795 | 101627 |
|  Others |  | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 935704 | 785527 |

---

(3) Changes in the expected credit loss allowance and gross carrying amount of financial assets at FVTOCI for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (29082) |  |  | (29082) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (8387) |  |  | (8387) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 6644 |  |  | 6644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 1888 |  |  | 1888 |
|  Ending balance | (28937) |  |  | (28937) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (27379) |  |  | (27379) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (8866) |  |  | (8866) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 6788 |  |  | 6788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 375 |  |  | 375 |
|  Ending balance | (29082) |  |  | (29082) |

---

(\*) Others consist of foreign currencies translation, etc.

------

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 42912557 |  |  | 42912557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 36152747 |  |  | 36152747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal/Redemption | (30793820) |  |  | (30793820) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on fair value valuation | (219257) |  |  | (219257) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 125398 |  |  | 125398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (490907) |  |  | (490907) |
|  Ending balance | 47686718 |  |  | 47686718 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 36694110 |  |  | 36694110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 31911154 |  |  | 31911154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal/Redemption | (26868484) |  |  | (26868484) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on fair value valuation | 224896 |  |  | 224896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 134553 |  |  | 134553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 816328 |  |  | 816328 |
|  Ending balance | 42912557 |  |  | 42912557 |

---

(\*) Others consist of foreign currencies translation, etc.

(4) The reason for the disposal of equity securities designated as financial assets at FVTOCI during the years
ended December 31, 2025 and 2024 include the disposal of stocks acquired through debt-equity swaps, etc. The fair values at disposal dates and the cumulative gains or losses are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31, | For the years ended December 31, |
|  | 2025 | 2024 |
|  Fair value at disposal date | 10907 | 155637 |
|  Cumulative losses | (1800) | 72744 |

---

------

**9.** **SECURITIES AT AMORTIZED COST** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of securities at amortized cost as of December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Korean treasury and government agencies | 9698695 | 7646463 |
|  Financial institutions | 3352648 | 4004011 |
|  Corporates | 4587882 | 5997996 |
|  Bonds denominated in foreign currencies | 1067156 | 1514028 |
|  Mortgage-backed debt securities | 12145 | 41442 |
|  Credit loss allowances | (11067) | (10754) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18707459 | 19193186 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Changes in the expected credit loss allowance and gross carrying amount of securities at amortized cost for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (10754) |  |  | (10754) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (330) |  |  | (330) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 17 |  |  | 17 |
|  Ending balance | (11067) |  |  | (11067) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (13941) |  |  | (13941) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of expected credit loss <br>allowance | 3287 |  |  | 3287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (100) |  |  | (100) |
|  Ending balance | (10754) |  |  | (10754) |

---

(\*) Others consist of foreign currencies translation, etc.

------

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 19203940 |  |  | 19203940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 5312962 |  |  | 5312962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Redemption | (5890990) |  |  | (5890990) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 111965 |  |  | 111965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (19351) |  |  | (19351) |
|  Ending balance | 18718526 |  |  | 18718526 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 24010113 |  |  | 24010113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 2586171 |  |  | 2586171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Redemption | (7634677) |  |  | (7634677) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 93318 |  |  | 93318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 149015 |  |  | 149015 |
|  Ending balance | 19203940 |  |  | 19203940 |

---

(\*) Others consist of foreign currencies translation, etc.

**10.** **LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST** 

(1) Details of loans and other financial assets at amortized cost as of December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks | 1525783 | 2115204 |
|  Loans | 359839901 | 355306033 |
|  Other financial assets | 9843621 | 9126604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 371209305 | 366547841 |

---

(2) Details of due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks in local currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from non-depository institutions | 20624 | 152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 16249 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected credit loss allowance | (27) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 36846 | 408 |
|  Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | 149839 | 177886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | 276498 | 193654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 1066872 | 1749580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected credit loss allowance | (4272) | (6324) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1488937 | 2114796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1525783 | 2115204 |

---

------

(3) Details of restricted due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2025 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | MSBI LIMITED Seoul and others | 16246 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 16246 |  |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | National Bank of Cambodia and others | 149279 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | TORONTO DOMINION BANK, NEW YORK and others | 129141 | Federal Reserve Discount Window |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Goldman Sachs Intl., LON and others | 772024 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1050444 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1066690 |  |
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Korea Exchange Co., Ltd. and others | 253 | Accumulated amount for Joint Compensation Fund and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 253 |  |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | National Bank of Cambodia and others | 169064 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | National Bank of Cambodia | 284 | Deposit using the fund settlement system and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | BNP-PARIBAS, PAR and others | 1093853 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1263201 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1263454 |  |

---

------

(4) Changes in the expected credit loss allowance and gross carrying amount of due from banks for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (6324) |  |  | (6324) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of expected credit loss allowance | 2017 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 8 |  |  | 8 |
|  Ending balance | (4299) |  |  | (4299) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (15843) |  |  | (15843) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of expected credit loss <br>allowance | &nbsp;&nbsp;&nbsp;&nbsp;9875 |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (356) |  |  | (356) |
|  Ending balance | (6324) |  |  | (6324) |

---

(\*) Others consist of foreign currencies translation, etc.

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 2121528 |  |  | 2121528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease | (585516) |  |  | (585516) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (5930) |  |  | (5930) |
|  Ending balance | 1530082 |  |  | 1530082 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 1731066 |  |  | 1731066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase | 275579 |  |  | 275579 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 114883 |  |  | 114883 |
|  Ending balance | 2121528 |  |  | 2121528 |

---

(\*) Others consist of foreign currencies translation, etc.

------

(5) Details of loans as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Loans in local currency | 303140737 | 302131888 |
|  Loans in foreign currencies | 32243233 | 33126734 |
|  Domestic banker's usance | 2647891 | 2803761 |
|  Credit card accounts | 16199 | 13524 |
|  Bills bought in foreign currencies | 4396122 | 4328404 |
|  Bills bought in local currency | 82657 | 54405 |
|  Factoring receivables | 130 | 237 |
|  Advances for customers on guarantees | 11909 | 7541 |
|  Private placement bonds | 75397 | 91400 |
|  Securitized loans | 2187733 | 2153730 |
|  Call loans | 2430625 | 1847377 |
|  Bonds purchased under resale agreements | 13886494 | 10098618 |
|  Loan origination costs and fees | 810170 | 825322 |
|  Discounted present value | (73) | (95) |
|  Expected credit loss allowance | (2089323) | (2176813) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 359839901 | 355306033 |

---

(6) Changes in expected credit loss allowance of loans for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (157643) | (110025) | (154861) | (901184) | (558150) | (294468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (29973) | 29061 | 912 | (68626) | 68203 | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 13001 | (13938) | 937 | 34824 | (36626) | 1802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 5651 | 10682 | (16333) | 102381 | 111004 | (213385) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | 24292 | (48040) | (242369) | (28581) | 4544 | (836547) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (34681) |  |  | (39440) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 195950 |  |  | 598956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 23 | 1638 | 18519 | 24 | 3736 | 259609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 11970 |  |  | 26717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 9188 | 1809 | 18428 | 18344 | 24475 | 98924 |
|  Ending balance | (135461) | (128813) | (201528) | (842818) | (382814) | (397409) |
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total (\*) | Total (\*) | Total (\*) |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (482) |  |  | (1059309) | (668175) | (449329) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  | (98599) | 97264 | 1335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  | 47825 | (50564) | 2739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  | 108032 | 121686 | (229718) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | 2 |  |  | (4287) | (43496) | (1078916) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  |  |  |  | (74121) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  |  |  |  | 794906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  |  | 47 | 5374 | 278128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  |  |  |  | 38687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | 27532 | 26284 | 117352 |
|  Ending balance | (480) |  |  | (978759) | (511627) | (598937) |

---

(\*) Additional loss reserves are included for borrowers who have been subject to government support policies related to COVID-19.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (124382) | (85351) | (109733) | (879530) | (530765) | (272985) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (21444) | 21160 | 284 | (63848) | 62682 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 10032 | (10665) | 633 | 56928 | (58131) | 1203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 3398 | 11703 | (15101) | 126752 | 86380 | (213132) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (25492) | (48403) | (190092) | (113048) | (128829) | (312139) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (52575) |  |  | (26473) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 148652 |  |  | 265413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 12 | 1409 | 8728 | 23 | 6675 | 237439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 9815 |  |  | 19240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 233 | 122 | 44528 | (28461) | 3838 | 5800 |
|  Ending balance | (157643) | (110025) | (154861) | (901184) | (558150) | (294468) |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total (\*) | Total (\*) | Total (\*) |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (290) |  |  | (1004202) | (616116) | (382718) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  | (85292) | 83842 | 1450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  | 66960 | (68796) | 1836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  | 130150 | 98083 | (228233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (192) |  |  | (138732) | (177232) | (502231) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  |  |  |  | (79048) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  |  |  |  | 414065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  |  | 35 | 8084 | 246167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  |  |  |  | 29055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  |  | (28228) | 3960 | 50328 |
|  Ending balance | (482) |  |  | (1059309) | (668175) | (449329) |

---

(\*) Additional loss reserves are included for borrowers who have been subject to government support policies related to COVID-19.

(7) Changes in the gross carrying amount of loans for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 136642369 | 14794056 | 582284 | 193727219 | 10797740 | 925654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 4495401 | (4479996) | (15405) | 2669039 | (2666625) | (2414) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (6234683) | 6261274 | (26591) | (4200106) | 4204573 | (4467) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (180242) | (225213) | 405455 | (954135) | (589819) | 1543954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (195950) |  |  | (598956) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (149) | (3986) | (169663) | (199) | (11067) | (905584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 7632929 | (1392116) | 173418 | 2174129 | (2425086) | 165983 |
|  Ending balance | 142355625 | 14954019 | 753548 | 193415947 | 9309716 | 1124170 |
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 13524 |  |  | 330383112 | 25591796 | 1507938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  | 7164440 | (7146621) | (17819) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  | (10434789) | 10465847 | (31058) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  | (1134377) | (815032) | 1949409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  |  |  |  | (794906) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  |  | (348) | (15053) | (1075247) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 2675 |  |  | 9809733 | (3817202) | 339401 |
|  Ending balance | 16199 |  |  | 335787771 | 24263735 | 1877718 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 127674653 | 14354290 | 451815 | 176679421 | 9254469 | 644675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 4489361 | (4479550) | (9811) | 2113183 | (2110200) | (2983) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (6231947) | 6255567 | (23620) | (5370710) | 5376484 | (5774) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (167853) | (203536) | 371389 | (780420) | (418239) | 1198659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (148652) |  |  | (265413) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (128) | (21525) | (155855) | (134) | (38464) | (759391) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 10878283 | (1111190) | 97018 | 21085879 | (1266310) | 115881 |
|  Ending balance | 136642369 | 14794056 | 582284 | 193727219 | 10797740 | 925654 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Credit card accounts | Credit card accounts | Credit card accounts | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 9634 |  |  | 304363708 | 23608759 | 1096490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  | 6602544 | (6589750) | (12794) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  | (11602657) | 11632051 | (29394) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  | (948273) | (621775) | 1570048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  |  |  |  | (414065) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  |  | (262) | (59989) | (915246) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 3890 |  |  | 31968052 | (2377500) | 212899 |
|  Ending balance | 13524 |  |  | 330383112 | 25591796 | 1507938 |

---

(8) Details of other financial assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Receivables | 7129791 | 6187932 |
|  Accrued income | 1459223 | 1489025 |
|  Telex and telephone subscription rights and refundable deposits | 727616 | 730903 |
|  Other assets | 696239 | 873086 |
|  Expected credit loss allowance | (169248) | (154342) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9843621 | 9126604 |

---

------

(9) Changes in the expected credit loss allowance on other financial assets for the years ended December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (17377) | (4566) | (132399) | (154342) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (254) | 228 | 26 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 122 | (139) | 17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 35 | 190 | (225) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (4103) | (2650) | (18492) | (25245) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 9154 | 9154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 467 | 467 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other increase (decrease) | 827 | (34) | (75) | 718 |
|  Ending balance | (20750) | (6971) | (141527) | (169248) |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (4194) | (4617) | (115649) | (124460) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (274) | 257 | 17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 234 | (253) | 19 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 23 | 74 | (97) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (5098) | (21) | (14046) | (19165) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 429 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  | 4 | 1131 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other increase (decrease) | (8068) | (10) | (4203) | (12281) |
|  Ending balance | (17377) | (4566) | (132399) | (154342) |

---

(10) Changes in the gross carrying amount of other financial assets for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 8837712 | 59175 | 384059 | 9280946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 13226 | (13195) | (31) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (18935) | 18954 | (19) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (2079) | (1836) | 3915 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (9154) | (9154) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (606) | (606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) and others | 716084 | (9126) | 34725 | 741683 |
|  Ending balance | 9546008 | 53972 | 412889 | 10012869 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 11894172 | 68555 | 121353 | 12084080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 15833 | (15813) | (20) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (30158) | 30179 | (21) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (1797) | (1061) | 2858 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (429) | (429) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  | (7) | (1599) | (1606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) and others | (3040338) | (22678) | 261917 | (2801099) |
|  Ending balance | 8837712 | 59175 | 384059 | 9280946 |

---

------

**11.** **THE FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES** 

(1) The fair value hierarchy

The fair value hierarchy is determined by the level of market observable inputs. The market observable inputs reflect unique characteristics of a financial instrument or market condition (including transparency and whether there are transactions among market participants), and when a financial instrument is traded in an active market, the best estimate of its fair value is the quoted price in the active market. The Group maximizes the use of market observable inputs and minimizes the use of unobserved firm-specific inputs to selected valuation techniques. Fair value of the Group is measured based on the perspective of a market participant. As such, even when market observable inputs are not readily available, firm-specific inputs reflect factors that market participants would use for measuring the fair value of assets or liabilities.

The fair value measurement is described in one of the following three levels used to classify fair value measurements:

• Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

• Level 2— fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., prices) or indirectly (i.e., derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not traded in active markets and derivatives traded in OTC but not required significant judgment.

• Level 3— fair value measurements are those derived from valuation technique that include inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.

The inputs used to measure fair value may be categorized into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Group's assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

(2) Fair value hierarchy of financial assets and liabilities measured at fair value as of December 31, 2025
and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 261470 |  |  | 261470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 3516654 | 601311 |  | 4117965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 19789 |  | 293498 | 313287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  | 325 | 2445611 | 2445936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 290242 | 2928546 | 4687907 | 7906695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 5805206 | 920 | 5806126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currencies |  |  | 83949 | 83949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 181982 | 181982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4088155 | 9335388 | 7693867 | 21117410 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 13495614 | 34180863 |  | 47676477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 359601 |  | 576103 | 935704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 10241 | 10241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 13855215 | 34180863 | 586344 | 48622422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (designated for hedging) |  | 37010 |  | 37010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 17943370 | 43553261 | 8280211 | 69776842 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 263251 |  |  | 263251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 5121181 |  | 5121181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 70298 |  |  | 70298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 333549 | 5121181 |  | 5454730 |
|  Financial liabilities designated to be measured at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit due to customers |  | 557501 |  | 557501 |
|  Derivative liabilities (designated for hedging) |  | 27050 |  | 27050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 333549 | 5705732 |  | 6039281 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of the reporting periods in which events have occurred or conditions have changed.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 73951 |  |  | 73951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 4029244 | 621944 |  | 4651188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 14064 |  | 299731 | 313795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  |  | 2258811 | 2258811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 123847 | 2491891 | 4353361 | 6969099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 10093915 | 1186 | 10095101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currencies |  |  | 48346 | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 188878 | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4241106 | 13207750 | 7150313 | 24599169 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 14117594 | 28794963 |  | 42912557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 315639 |  | 469888 | 785527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14433233 | 28794963 | 469888 | 43698084 |
|  Derivative assets (designated for hedging) |  | 10102 |  | 10102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18674339 | 42012815 | 7620201 | 68307355 |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 74205 |  |  | 74205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 9159742 | 1401 | 9161143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 74205 | 9159742 | 1401 | 9235348 |
|  Financial liabilities designated to be measured at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposit due to customers |  | 547816 |  | 547816 |
|  Derivative liabilities (designated for hedging) |  | 102634 |  | 102634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 74205 | 9810192 | 1401 | 9885798 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Group recognizes transfers among levels at the end of the reporting periods in which events have occurred or conditions have changed.

Financial assets and liabilities at FVTPL, financial assets and liabilities designated to be measured at FVTPL, financial assets at FVTOCI, and derivative assets and liabilities are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

------

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Group determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Valuation methods and input variables used for the fair value measurement of financial assets and liabilities
classified into level 2 as of December 31, 2025 and 2024 are as follows:

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| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
| Debt securities | Fair value is measured by discounting the future cash flows of debt securities applying the risk-free rate with credit spread | Risk-free rate and Credit spread |
| Capital contributions and beneficiary certificates | The capital contributions and beneficiary certificates are measured with Net Asset Value. | Values of underlying assets such as bond |
| Derivatives | The fair value is measured through Option Pricing Model, etc. | Discount rate, Volatility, Exchange rate, etc. |
| Deposit due to customers | The fair value is measured through Hull-White model. | Swaption volume, etc. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Valuation methods and input variables used for the fair value measurement of financial assets and liabilities
classified into level 3 as of December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
|  Loans | The fair value is measured using the DCF (Discounted Cash Flow) Model, a valuation technique commonly used in the market, which considers the price and volatility of the underlying assets | Price and volatility of underlying asset |
|  Equity securities, capital contributions, beneficiary certificates and others | The fair value is measured by considering the characteristics of the subject being evaluated, using methods such as the DCF (Discounted Cash Flow) Model, FCFE (Free Cash Flow to Equity) Model, Comparable Company Analysis, Dividend Discount Model, Risk-adjusted Rate of Return Method, Net Asset Value Method, Least-Squares Monte Carlo and Binomial Tree. | Risk-free rate, Market risk premium, Corporate Beta, Stock price, Volatility of underlying assets, etc. |
|  Derivatives | The fair value is measured through Option Pricing Model, etc. | Correlation coefficient, Stock price, Volatility of underlying assets, etc. |
|  Others | The fair value of the underlying asset, after calculating the fair value using the DCF model, etc., considering the price and volatility of the calculated underlying asset, is calculated using the Binomial Tree, which are commonly used valuation techniques in the market. | Stock price, Volatility of underlying assets, etc. |

---

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Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs as of December 31, 2025 and 2024 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① December 31, 2025

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair value<br> measurement<br> technique | Type | Significant but<br> unobservable input<br> variable | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
|  Derivative assets | Option valuation model and others | Equity related | Stock price, Volatility of underlying asset | 22.55% | Variation of fair value increases as stock price and volatility of underlying assets increases. |
|  Derivative assets | Option valuation model and others | Equity related | Discount rate | 16.88% | Fair value increases as discount rate decreases. |
|  Derivative assets | Option valuation model and others | Equity related | Liquidation value | 0.00% | Fair value increases as liquidation value increases. |
|  Equity securities, capital contributions and beneficiary certificates | Binominal Tree | Binominal Tree | Stock price, Volatility of underlying asset | 14.91%~34.34% | Variation of fair value increases as stock price and volatility of underlying asset increases. |
|  | DCF model and others | DCF model and others | Discount rate | 4.21%~18.15% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00%, 1.00% | Fair value increases as terminal growth rate increases. |
|  |  |  | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  Loans | DCF model | DCF model | Discount rate | 0.7%~0.9% | Fair value increases as discount rate decreases |
|  Others | Binominal Tree and others | Binominal Tree and others | Stock price, Volatility of underlying asset | 14.91%~42.44% | Variation of fair value increases as stock price and volatility of underlying asset increases. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② December 31, 2024

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair value<br> measurement<br> technique | Type | Significant but<br> unobservable input<br> variable | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
|  Derivative | Option valuation model and others | Equity related | Correlation coefficient | 0.29~0.65 | Variation of fair value increases as correlation coefficient increases. |
|  Derivative | Option valuation model and others | Equity related | Stock price, Volatility of underlying asset | 25.71% | Variation of fair value increases as stock price and volatility increases. |
|  Derivative | Option valuation model and others | Equity related | Discount rate | 3.94%~19.62% | Fair value increases as discount rate decreases. |
|  Derivative | Option valuation model and others | Equity related | Terminal growth rate | 0.00% | Fair value increases as terminal growth rate increases. |
|  Equity securities, capital contributions and beneficiary certificates | Binominal Tree | Binominal Tree | Stock price, Volatility of underlying asset | 18.76%~36.37% | Variation of fair value increases as stock price and volatility of underlying asset increases. |
|  Equity securities, capital contributions and beneficiary certificates | DCF model and others | DCF model and others | Discount rate | 4.76%~19.84% | Fair value increases as discount rate decreases. |
|  Equity securities, capital contributions and beneficiary certificates | DCF model and others | DCF model and others | Terminal growth rate | 0.00%, 1.00% | Fair value increases as terminal growth rate increases. |
|  Equity securities, capital contributions and beneficiary certificates | DCF model and others | DCF model and others | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  Others | Binominal Tree and others | Binominal Tree and others | Stock price, Volatility of underlying asset | 18.36%~36.90% | Variation of fair value increases as stock price and volatility of underlying asset increases. |

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Fair value of financial assets and liabilities classified into Level 3 is measured by the Group using its own valuation methods or using external specialists. Unobservable inputs used in the fair value measurements are produced by the internal system of the Group and the appropriateness of inputs is reviewed regularly.

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(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 for the years
ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | January 1,<br>2025 | Net income<br>(loss)<br>(\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposal/<br>settlements | Transfer to or<br>out of Level 3<br>(\*2) | December 31,<br>2025 |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 299731 | 4618 |  | 12903 | (12263) | (11491) | 293498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2258811 | 46637 |  | 384283 | (242521) | (1599) | 2445611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 4353361 | 15126 |  | 1014243 | (694823) |  | 4687907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 1186 | (123) |  |  | (143) |  | 920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currencies | 48346 | (118) |  | 35721 |  |  | 83949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 188878 | 7279 |  |  | (14175) |  | 181982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 7150313 | 73419 |  | 1447150 | (963925) | (13090) | 7693867 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 469888 |  | 104079 | 2882 | (746) |  | 576103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 3 | 348428 | (338190) |  | 10241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 469888 |  | 104082 | 351310 | (338936) |  | 586344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 7620201 | 73419 | 104082 | 1798460 | (1302861) | (13090) | 8280211 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1401 |  |  |  | (1401) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1401 |  |  |  | (1401) |  |  |

---

---

| | |
|:---|:---|
| (\*1) | The losses that increase the financial liabilities are presented as positive amounts, and the gains that decrease the financial liabilities are presented as negative amounts. The profit amount to 65,012 million Won for the year ended December 31, 2025, which is from financial assets and liabilities that the Group holds as of December 31, 2025.  |

---

---

| | |
|:---|:---|
| (\*2) | Changes in the availability of observable market data for the financial instrument have resulted in transfer between fair value hierarchy level, and the Group recognize changes in levels at the end of reporting period that result in changes in events or circumstances that result in transfer between fair value hierarchy level.  |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | January 1,<br>2024 | Net income<br>(loss)<br>(\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposals/<br>settlements | Transfer to or<br>out of Level 3<br>(\*2) | December 31,<br>2024 |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 275075 | 9732 |  | 14283 | (1306) | 1947 | 299731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 1858728 | 114735 |  | 475667 | (190319) |  | 2258811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 3349910 | 88854 |  | 1226259 | (311662) |  | 4353361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 128335 | (970) |  | 327 | (126506) |  | 1186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currency | 42406 | 5940 |  |  |  |  | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 180690 | 13335 |  | 12011 | (17158) |  | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 5835144 | 231626 |  | 1728547 | (646951) | 1947 | 7150313 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 467842 |  | 5077 | 2922 | (5953) |  | 469888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  |  | 202916 | (202916) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 467842 |  | 5077 | 205838 | (208869) |  | 469888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6302986 | 231626 | 5077 | 1934385 | (855820) | 1947 | 7620201 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1994 | 1114 |  |  | (1707) |  | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1994 | 1114 |  |  | (1707) |  | 1401 |

---

---

| | |
|:---|:---|
| (\*1) | The losses that increase the financial liabilities are presented as positive amounts, and the gains that decrease the financial liabilities are presented as negative amounts. The profit amount to 258,943 million Won for the year ended December 31, 2024, which is from financial assets and liabilities that the Group holds as of December 31, 2024.  |

---

---

| | |
|:---|:---|
| (\*2) | Changes in the availability of observable market data for the financial instrument have resulted in transfer between fair value hierarchy level, and the Group recognize changes in levels at the end of reporting period that result in changes in events or circumstances that result in transfer between fair value hierarchy level.  |

---

(4) The results of a sensitivity analysis on the rational fluctuation in the unobservable inputs used for measuring
Level 3 financial instruments are as follows.

Sensitivity analysis of financial instruments is performed by classifying the effect of changes in unobservable inputs on changes in the value of financial instruments into favorable and unfavorable changes. When the fair value of a financial instrument is affected by more than one unobservable input, the below table presents the most favorable or the most unfavorable circumstances. The sensitivity analysis was performed for two types of level 3 financial instruments: (1) interest rate related derivatives, currency related derivatives, equity related derivatives, equity-linked securities, beneficiary certificates and loans of which fair value changes are recognized as net income; (2) equity securities of which fair value changes are recognized as other comprehensive income.

Meanwhile, among the financial instruments that are classified as Level 3 amounting to 8,280,211 million Won and 7,621,602 million Won as of December 31, 2025 and 2024, respectively, equity investments of 7,431,613 million Won and 7,162,562 million Won are excluded from the sensitivity analysis.

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The following table presents the sensitivity analysis to disclose the effect of reasonably possible volatility on the fair value of a Level 3 financial instruments as of December 31, 2025 and 2024 (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Net income (loss) | Net income (loss) | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives assets (\*1)(\*2) | 19 | (19) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2) (\*3) | 16040 | (11738) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*3) (\*4) | 835 | (835) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*2) | 2731 | (2458) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*3) |  |  | 24554 | (17814) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 19625 | (15050) | 24554 | (17814) |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes in equity related derivatives assets are calculated by increasing or decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p.  |

---

---

| | |
|:---|:---|
| (\*2) | The change in fair value is calculated by increasing or decreasing the stock price (-10% to 10%) and volatility (-10% to 10%), the major unobservable inputs.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes in equity securities are calculated by increasing or decreasing terminal growth rate (-1%p ~ 1%p) and discount rate (-1%p ~ 1%p) or liquidation value (-1%p ~ 1%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*4) | Even if the sensitivity analysis of the beneficiary certificates is not possible in practice, fair value changes of the financial assets whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing price fluctuation of real estate which is underlying assets by 1%p.  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Net income (loss) | Net income (loss) | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives assets (\*1) | 50 | (51) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2) (\*3) | 19338 | (13996) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*4) | 706 | (705) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*2) (\*4) | 2554 | (2402) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*3) (\*4) |  |  | 34080 | (22698) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22648 | (17154) | 34080 | (22698) |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes in equity related derivatives assets and liabilities are calculated by increasing or decreasing correlation coefficient or volatility, which are major unobservable variables, by 10%.  |

---

---

| | |
|:---|:---|
| (\*2) | The change in fair value is calculated by increasing or decreasing the share price (-10% to 10%) and volatility (-10%p to 10%p), the major unobservable inputs.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes in equity securities are calculated by increasing or decreasing growth rate (-1%p ~ 1%p) and discount rate (-1%p ~ 1%p) or liquidation value (-1%p ~ 1%p). The growth rate, discount rate, and liquidation value are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*4) | Even if the sensitivity analysis of the capital contributions and beneficiary certificates is not possible in practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing price fluctuation of real estate which is underlying assets by 1%p.  |

---

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(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost as of
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): Fair value information for cash that is not measured at fair value because the carrying amount is a reasonable approximation of fair value is not included.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Fair value | Fair value | Fair value | Fair value | Book<br>value |
|  | Level 1 | Level 2 | Level 3 | Total | Book<br>value |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 6900334 | 11750572 |  | 18650906 | 18707459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 7170646 | 365766384 | 372937030 | 371209305 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 372487253 |  | 372487253 | 372337805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 28898915 |  | 28898915 | 28933534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 28537580 |  | 28537580 | 28662268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  | 34547172 |  | 34547172 | 34547235 |

---

(\*) Lease liabilities are excluded as of December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair value | Fair value | Fair value | Fair value | Book<br>value |
|  | Level 1 | Level 2 | Level 3 | Total | Book<br>value |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 3242385 | 15894576 |  | 19136961 | 19193186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 6392635 | 363857524 | 370250159 | 366547841 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 364348962 |  | 364348962 | 364032938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 26416049 |  | 26416049 | 26379689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 25488907 |  | 25488907 | 25534324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities |  | 28855883 |  | 28855883 | 28856921 |

---

(\*) Lease liabilities are excluded as of December 31, 2024

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Group determines the fair value using valuation techniques. Valuation techniques and input variables for financial assets and liabilities that are measured at amortized costs are given as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation techniques | Input variables |
|  Securities at amortized cost | The fair value is measured by discounting the projected cash flows of debt securities by applying risk-free rate plus a credit spread. | Risk-free rate and credit spread |
|  Loans and other financial assets at amortized cost | The fair value is measured by discounting the projected cash flows of loan products by applying the market discount rate that has been applied to a proxy company that has similar credit rating to the debtor. | Risk-free rate, credit spread and expected prepayment-rate |
|  Deposits due to customers, borrowings, debentures and other financial liabilities | The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Group. | Risk-free rate and credit spread |

---

------

(6) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Financial<br>assets at<br>FVTPL | Financial<br>assets at<br>FVTOCI | Financial<br>assets at<br>amortized cost | Derivative<br>assets<br>(designated<br>for hedging) | Total |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 261470 |  | 1525783 |  | 1787253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 14965865 | 48612181 | 18707459 |  | 82285505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  | 10241 | 359839901 |  | 359850142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 5806126 |  |  | 37010 | 5843136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 83949 |  | 9843621 |  | 9927570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21117410 | 48622422 | 389916764 | 37010 | 459693606 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Financial<br>liabilities at<br>FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivative<br>liabilities<br>(designated<br>for hedging) | Total |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 263251 | 557501 | 372337805 |  | 373158557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 70298 |  | 28933534 |  | 29003832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  |  | 28662268 |  | 28662268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 5121181 |  |  | 27050 | 5148231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  |  | 34547235 |  | 34547235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5454730 | 557501 | 464480842 | 27050 | 470520123 |

---

(\*) Lease liabilities are excluded as of December 31, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Financial<br>assets at<br>FVTPL | Financial<br>assets at<br>FVTOCI | Financial<br>assets at<br>amortized cost | Derivative<br>assets<br>(designated<br>for hedging) | Total |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 73951 |  | 2115204 |  | 2189155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 14381771 | 43698084 | 19193186 |  | 77273041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 355306033 |  | 355306033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 10095101 |  |  | 10102 | 10105203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 48346 |  | 9126604 |  | 9174950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24599169 | 43698084 | 385741027 | 10102 | 454048382 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Financial<br>liabilities at<br>FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivative<br>liabilities<br>(designated<br>for hedging) | Total |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 74205 | 547816 | 364032938 |  | 364654959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  |  | 26379689 |  | 26379689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  |  | 25534324 |  | 25534324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 9161143 |  |  | 102634 | 9263777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  |  | 28856921 |  | 28856921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9235348 | 547816 | 444803872 | 102634 | 454689670 |

---

(\*) Lease liabilities are excluded as of December 31, 2024.

------

(7) Income or expense from financial instruments by category

Income or expense from financial instruments by category for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Interest<br>income<br>(expense) | Fees and<br>commissions<br>income | Provision for<br>credit loss | Gain<br>on valuation<br>and<br>transaction | Dividend<br>income | Total |
|  Financial assets at FVTPL | 144034 | 90 |  | 336560 | 363102 | 843786 |
|  Financial assets designated to be measured at FVTPL(\*) |  |  |  | 389 |  | 389 |
|  Financial assets at FVTOCI | 1278693 | 280 | (8387) | 138549 | 20367 | 1429502 |
|  Securities at amortized cost | 539833 |  | (330) |  |  | 539503 |
|  Loans and other financial assets at amortized cost | 15999042 |  | (1149927) | 28187 |  | 14877302 |
|  Financial liabilities at amortized cost | (10128584) |  |  |  |  | (10128584) |
|  Net derivatives <br>(designated for hedging) |  |  |  | 13257 |  | 13257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 7833018 | 370 | (1158644) | 516942 | 383469 | 7575155 |

---

---

| | |
|:---|:---|
| (\*) | The amount recognized as other comprehensive income in regard to financial liabilities designated to be measured at FVTPL for the year ended December 31, 2025 is 74 million Won.  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Interest<br>income<br>(expense) | Fees and<br>commissions<br>income | Reversal of<br>(Provision<br>for) credit<br>loss | Gain (loss)<br>on valuation<br>and<br>transaction | Dividend<br>income | Total |
|  Financial assets at FVTPL | 153055 | 864 |  | 1473568 | 356921 | 1984408 |
|  Financial assets designated to be measured at FVTPL(\*) |  |  |  | (19647) |  | (19647) |
|  Financial assets at FVTOCI | 1281641 | 951 | (8866) | 96647 | 17766 | 1388139 |
|  Securities at amortized cost | 642888 |  | 3287 |  |  | 646175 |
|  Loans and other financial assets at amortized cost | 17473089 |  | (827485) | 165192 |  | 16810796 |
|  Financial liabilities at amortized cost | (11969046) |  |  |  |  | (11969046) |
|  Net derivatives <br>(designated for hedging) |  |  |  | (22511) |  | (22511) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 7581627 | 1815 | (833064) | 1693249 | 374687 | 8818314 |

---

---

| | |
|:---|:---|
| (\*) | The amount recognized as other comprehensive income in regard to financial liabilities designated to be measured at FVTPL for the year ended December 31, 2024 is 1,831 million Won.  |

---

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**12.** **DERECOGNITION AND OFFSET OF FINANCIAL INSTRUMENTS** 

(1) Derecognition of financial instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Transferred financial assets that do not meet the condition of derecognition

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Bonds sold under repurchase agreements

The financial instruments that were disposed but the Group agreed to repurchase at the fixed amounts at the same time, so that they did not meet the conditions of derecognition, as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Assets transferred | Financial assets at FVTOCI |  | 4135189 |  | 238279 |
|  | Securities at amortized cost |  | 12145 |  | 41442 |
|  Related liabilities | Bonds sold under repurchase agreements |  | 3955860 |  | 278767 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Securities loaned

When the Group loans its securities to outside parties, the legal ownerships of the securities are transferred; however, they should be returned at the end of lending period. Therefore, the Group does not derecognize them from the consolidated financial statements as it owns majority of risks and benefits from the securities continuously, regardless of the transfer of legal ownership. The carrying amounts of the securities loaned as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

<u>December 31,<br>2025</u> <u> Loaned to</u> <br> Financial assets at FVTOCI Korean treasury and government bonds and others 238,406 Korea Securities Finance Corporation

<u>December 31,<br>2024</u> <u> Loaned to</u> <br> Financial assets at FVTPL Korean treasury and government bonds and others 12,361 Korea Securities Finance Corporation

The details of the transferred financial assets that do not meet the condition of derecognition in their entirety, such as disposal of securities under repurchase agreement or securities loaned, are also explained in Note 18.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Securitization of financial assets

As of December 31, 2025 and 2024, the structured entity subject to consolidation issued asset-backed securities using loans and corporate bonds held by the Group, The details and the Group bears related risks through purchase agreements or credit offerings. of the transfer transaction of financial instruments are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2024 |
|  |  | Book value (\*) | Book value (\*) |
|  Assets transferred | Loans at amortized cost | 2187733 | 2153730 |
|  Related liabilities | Securitization borrowings | 2187733 | 2153730 |
|  | Securitization bonds | 4006 | 4006 |

---

---

| | |
|:---|:---|
| (\*) | The carrying amount is the amount before the provision for credit losses is deducted.  |

---

------

(2) The offset of financial assets and liabilities

The Group holds both the uncollected domestic exchange receivables and the unpaid domestic exchange payable, which satisfy offsetting criteria of K-IFRS No.1032. Therefore, the total amount of uncollected domestic exchange receivables (or unpaid domestic exchange payables) has been offset with part of unpaid domestic exchange payables (or uncollected domestic exchange receivables) and has been disclosed in loans and other financial assets at amortized cost and other financial liabilities of the Group's consolidated statements of financial position, respectively.

The Group also holds the derivative assets, derivative liabilities, receivable spot exchange and payable spot exchange that do not meet the offsetting criteria of K-IFRS No.1032, but provide the Group under the circumstances of the trading party's defaults, insolvency or bankruptcy, with the right of offsetting. Items such as cash collateral cannot satisfy the offsetting criteria of K-IFRS No.1032, but in accordance with the collateral arrangements and under the circumstances of the trading party's default, insolvency or bankruptcy, the net amount of derivative assets, derivative liabilities, receivable spot exchange and payable spot exchange can be offset.

The Group has entered into a sale and repurchase agreement and accounted it as a collateralized borrowing. The Group has also entered into a purchase and resale agreement and accounted it as a secured loan. The Group under the repurchase agreements has offsetting right only upon the counterparty's default, insolvency or bankruptcy; thus, the repurchase agreements are applied by the TBMA/ISMA Global Master Repurchase Agreement, which does not satisfy the offsetting criteria of K-IFRS No.1032. The Group disclosed bonds sold under repurchase agreements as borrowings and bonds purchased under resale agreements as loans and other financial assets at amortized cost.

As of December 31, 2025 and 2024, the financial instruments to be offset and covered by master netting agreements and similar agreements are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net amounts<br>of financial<br>assets<br>presented | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net amounts<br>of financial<br>assets<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>received | Net<br>amounts |
|  Financial assets: |  |  |  |  |  |  |
|  Derivative assets (\*1) | 5830683 |  | 5830683 | 10126842 | 67406 | 1947283 |
|  Receivable spot exchange (\*2) | 6310848 |  | 6310848 | 10126842 | 67406 | 1947283 |
|  Bonds purchased under resale agreements (\*2) | 13886494 |  | 13886494 | 13886494 |  |  |
|  Domestic exchanges settlement credits (\*2)(\*5) | 37873998 | 37601886 | 272112 |  |  | 272112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 63902023 | 37601886 | 26300137 | 24013336 | 67406 | 2219395 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net amounts<br>of financial<br>liabilities<br>presented | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net amounts<br>of financial<br>liabilities<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>pledged | Net<br>amounts |
|  Financial liabilities: |  |  |  |  |  |  |
|  Derivative liabilities (\*1) | 5145396 |  | 5145396 | 9635132 | 294611 | 1530107 |
|  Payable spot exchange (\*3) | 6314454 |  | 6314454 | 9635132 | 294611 | 1530107 |
|  Bonds sold under repurchase agreements (\*4) | 3955860 |  | 3955860 | 3955860 |  |  |
|  Domestic exchanges settlement debits (\*3) (\*5) | 49342824 | 37601886 | 11740938 |  |  | 11740938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 64758534 | 37601886 | 27156648 | 13590992 | 294611 | 13271045 |

---

(\*1) The items include derivatives held for trading and derivatives designated for hedging.

(\*2) The items are included in loans and other financial assets at amortized cost.

(\*3) The items are included in other financial liabilities.

(\*4) The items are included in borrowings.

---

| | |
|:---|:---|
| (\*5) | Certain financial assets and liabilities are presented as net amounts.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net amounts<br>of financial<br>assets<br>presented | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net amounts<br>of financial<br>assets<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>received | Net<br>amounts |
|  Financial assets: |  |  |  |  |  |  |
|  Derivative assets (\*1) | 10100965 |  | 10100965 | 12148980 | 235654 | 3301458 |
|  Receivable spot exchange (\*2) | 5585127 |  | 5585127 | 12148980 | 235654 | 3301458 |
|  Bonds purchased under resale agreements (\*2) | 10098618 |  | 10098618 | 10098618 |  |  |
|  Domestic exchanges settlement credits (\*2) (\*5) | 33347374 | 32915242 | 432132 |  |  | 432132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 59132084 | 32915242 | 26216842 | 22247598 | 235654 | 3733590 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net amounts<br>of financial<br>liabilities<br>presented | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Related amounts not setoff in<br>the consolidated statement of<br>financial position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net amounts<br>of financial<br>liabilities<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>pledged | Net<br>amounts |
|  Financial liabilities: |  |  |  |  |  |  |
|  Derivative liabilities (\*1) | 9255756 |  | 9255756 | 11899060 | 533052 | 2408916 |
|  Payable spot exchange (\*3) | 5585272 |  | 5585272 | 11899060 | 533052 | 2408916 |
|  Bonds sold under repurchase agreements (\*4) | 278767 |  | 278767 | 278767 |  |  |
|  Domestic exchanges settlement debits (\*3) (\*5) | 40505570 | 32915242 | 7590328 | 7590328 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 55625365 | 32915242 | 22710123 | 19768155 | 533052 | 2408916 |

---

(\*1) The items include derivatives held for trading and derivatives designated for hedging.

(\*2) The items are included in loans and other financial assets at amortized cost.

(\*3) The items are included in other financial liabilities.

(\*4) The items are included in borrowings.

(\*5) Certain financial assets and liabilities are presented as net amounts.

------

**13.** **INVESTMENTS IN ASSOCIATES** 

(1) Investments in associates accounted for using the equity method of accounting as of December 31, 2025 and
2024 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) | | |
| Associates | Main business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial statements<br>as of |
|  Woori Bank: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; W Service Networks Co., Ltd. (\*1) | Freight & staffing<br>services | 4.9 | 4.9 | Korea | November 30, 2025<br>(\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Credit Bureau Co., Ltd. (\*2) | Credit information | 9.9 | 9.9 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Finance Security Co., Ltd. (\*2) | Security service | 15 | 15 | Korea | November 30, 2025<br>(\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dongwoo C & C Co., Ltd. (\*3) | Construction | 23.2 | 23.2 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SJCO Co., Ltd. (\*3) | Aggregate<br>transportation and<br>wholesale | 27.5 | 27.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; G2 Collection Co., Ltd. (\*3) | Wholesale and<br>retail sales | 28.9 | 28.9 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kyesan Engineering Co., Ltd. (\*3) | Construction | 23.2 | 23.2 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Good Software Lab Co., Ltd. (\*3) | Service | 28.9 | 28.9 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wongwang Co., Ltd. (\*3) | Wholesale and real<br>estate | 29 | 29 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sejin Construction Co., Ltd. (\*3) | Construction | 29.6 | 29.6 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DAEA SNC Co., Ltd. (\*3) | Wholesale and<br>retail sales | 24 | 24 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES-TECH Co., Ltd. (\*3) | Electronic<br>component<br>manufacturing | 23.4 | 23.4 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PREXCO Co., Ltd. (\*3) | Manufacturing | 28.1 | 28.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jiwon Plating Co., Ltd. (\*3) | Plating | 20.5 | 20.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NK Eng Co., Ltd. (\*5) | Manufacturing |  | 23.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Youngdong Sea Food Co., Ltd. (\*3) | Processed sea food<br>manufacturing | 24 | 24 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beomgyo Co., Ltd. (\*3) | Telecommunication<br>equipment retail<br>sales | 23.1 | 23.1 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; K BANK Co., Ltd. (\*2) | Finance | 12 | 12 | Korea | November 30, 2025<br>(\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Partner One Value Up I Private Equity Fund | Other financial<br>services | 23.3 | 23.3 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership (\*3) | Other financial<br>services | 20 | 20 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | Other financial<br>services | 25 | 25 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Shinyoung Growth-Cap Private Equity Fund I | Other financial<br>services | 24.5 | 24.5 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LOTTE CARD Co., Ltd. | Credit card and<br>installment<br>financing | 20 | 20 | Korea | September 30,<br>2025 (\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori-Q Corporate Restructuring Private Equity Fund (\*7) | Trust and collective<br>investment | 19.7 | 20.4 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PCC-Woori LP Secondary Fund | Other financial<br>services | 26.9 | 26.9 | Korea | December 31, 2025 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Percentage of ownership<br>(%) | Percentage of ownership<br>(%) |  |  |
| Associates | Main business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial statements<br>as of |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | Other financial<br>services | 100 | 100 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Union Technology Finance Investment<br> Association | Other financial<br>services | 29.7 | 29.7 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KUM HWA Co., Ltd. (\*3) | Telecommunication<br>equipment retail<br>sales | 20 | 20 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paratus Woori Material Component Equipment joint venture company | Other financial<br>services | 20.8 | 20.8 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jinmyung Plus Co., Ltd. (\*3) | Manufacturing | 20.2 | 20.2 | Korea | September 30, 2025 (\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Orient Shipyard Co., Ltd. (\*3) | Manufacturing of<br>ship components | 22.7 | 22.7 | Korea | September 30, 2025 (\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BTS 2nd Private Equity Fund | Other financial<br>services | 20 | 20 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Financial Digital Investment Association No. 1 | Other financial<br>services | 88 | 88 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | Other financial<br>services | 28.3 | 28.3 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KG Fashion Co., Ltd. (\*3) | Manufacturing | 20.8 | 20.8 | Korea | November 30, 2025 (\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Win Mortgage Co., Ltd. (\*1) | Other financial<br>services | 4.5 | 4.5 | Korea | September 30, 2025 (\*4) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NH Woori Newdeal Growth Alpha Private Equity Fund 1 | Other financial<br>services | 22.3 | 22.4 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SF CREDIT PARTNERS, LLC (\*2) | Other financial<br>services | 10 | 10 | U.S.A. | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Rea Company Ltd. (\*3) | Manufacturing | 24.5 | 24.5 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aram CMC Co., Ltd. (\*3) | Manufacturing | 20 | 20 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Financial Dino Lab Investment Association No. 1 | Other financial<br>services | 70 | 70 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Corporate Turnaround No. 1 Private Equity Fund | Other financial<br>services | 27.3 | 27.3 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market & Farm Co., Ltd. (\*3) | Wholesale and<br>commodity<br>brokerage business | 23.7 | 23.7 | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SAMJI TEXTILE CO.,LTD. (\*3) | Wholesale and<br>commodity<br>brokerage business | 29.4 | 29.4 | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori Financial Dino Lab Investment Association No. 2 (\*6) | Other financial<br>services | 60 |  | Korea | December 31, 2025 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TH International Co.,Ltd. | Cosmetics<br>wholesale business<br>and general travel<br>business | 21.3 |  | Korea |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woori ESG Infrastructure Development Private Placement Investment Trust No. 1: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ulsan Yeocheon Development Co., Ltd. (\*6) | Sewage and<br>wastewater<br>treatment business | 50 |  | Korea | December 31, 2025 |

---

------

(\*1) Most of the significant business transactions of associates are with the Group as of December 31, 2025 and 2024.

(\*2) The Group can participate in decision-making body and exercise significant influence over financial policies and operational policies.

(\*3) There is no investment balance as of December 31, 2025 and 2024.

---

| | |
|:---|:---|
| (\*4) | The equity method was applied using the most recent financial statements available because financial statement at the end of the reporting period cannot be obtained, and any significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the group were appropriately reflected.  |

---

(\*5) It was excluded from associates due to the sale liquidation and others for the year ended December 31, 2025.

(\*6) It was added to associates during the year ended December 31, 2025.

(\*7) The entity was classified as an associate based on the voting rights in proportion to the initial capital commitment ratio.

------

(2) Changes in the carrying value of investments in associates accounted for using the equity method of accounting
for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Acquisition<br>cost | January 1,<br>2025 | Share of<br>profits (losses) | Acquisition | Disposal<br>and others | Dividends | Change in<br>capital and<br>others | December 31,<br>2025 |
|  W Service Networks Co., Ltd. | 108 | 204 | 5 |  |  | (5) |  | 204 |
|  Korea Credit Bureau Co., Ltd. | 3313 | 9001 | 3443 |  |  | (90) |  | 12354 |
|  Korea Finance Security Co., Ltd. | 3267 | 3616 | 216 |  |  |  |  | 3832 |
|  K BANK Co., Ltd. | 224657 | 262250 | 11392 |  |  |  | (3942) | 269700 |
|  Partner One Value Up I Private Equity Fund | 5039 | 2123 | (113) |  |  |  |  | 2010 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership |  | 2263 | (28) |  |  | (1000) |  | 1235 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 4630 | 4532 |  | 98 |  |  |  | 4630 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 3638 | 20702 | 9107 |  | (4598) |  |  | 25211 |
|  LOTTE CARD Co., Ltd. | 346810 | 575580 | 22967 |  |  | (7743) | (185) | 590619 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 16186 | 20386 | 148 |  | (1260) |  |  | 19274 |
|  PCC-Woori LP Secondary Fund | 7000 | 5994 | (395) |  |  |  |  | 5599 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 10000 | 10847 | 235 |  |  |  |  | 11082 |
|  Union Technology Finance Investment Association | 13449 | 11770 | (2487) |  |  |  |  | 9283 |
|  KUM HWA Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Paratus Woori Material Component Equipment joint venture company | 6487 | 11615 | (180) |  | (5813) |  |  | 5622 |
|  Jinmyung Plus Co., Ltd. |  | 9 | 1 |  |  |  |  | 10 |
|  Orient Shipyard Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  BTS 2nd Private Equity Fund | 8766 | 7799 | (175) | 620 |  |  |  | 8244 |
|  Woori Financial Digital Investment Association No. 1 | 41700 | 43564 | 1570 |  | (2300) | (1220) |  | 41614 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 13500 | 11178 | (239) | 1500 |  |  |  | 12439 |
|  KG Fashion Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Win Mortgage Co., Ltd. | 23 | 135 | (25) |  |  | (9) |  | 101 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 40272 | 36752 | (2814) | 10768 | (4497) |  |  | 40209 |
|  SF CREDIT PARTNERS, LLC | 15504 | 16000 | 938 | 2445 |  |  | (367) | 19016 |
|  Woori Financial Dino Lab Investment Association No. 1 | 3500 | 3426 | (110) |  |  |  |  | 3316 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | 1718 | 8134 | 2332 | 4247 | (10890) |  |  | 3823 |
|  Rea Company Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Market & Farm Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Woori Financial Dino Lab Investment Association No. 2 | 6000 |  | (107) | 6000 |  |  |  | 5893 |
|  Ulsan Yeocheon Development Co., Ltd. | 207 |  | (6) | 207 |  |  |  | 201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 775774 | 1067880 | 45675 | 25885 | (29358) | (10067) | (4494) | 1095521 |

---

---

| | |
|:---|:---|
| (\*) | The amount for which no loss was recognized for associates due to discontinuation of the equity method was 30 million Won for KG Fashion Co., Ltd, 38 million Won for Market & Farm Co., Ltd., and 1 million Won for Orient Shipyard Co., Ltd., and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 48 million Won for Orient Shipyard Co., Ltd., 189 million Won for KG Fashion CO., Ltd., 118 million Won for Rea Company Ltd. and 38 million Won in Market & Farm Co., Ltd.  |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Acquisition<br>cost | January 1,<br>2024 | Share of<br>profits (losses) | Acquisition | Disposal<br>and others | Dividends | Change in<br>capital and<br>others | December 31,<br>2024 |
|  W Service Networks Co., Ltd. | 108 | 216 | (7) |  |  | (5) |  | 204 |
|  Korea Credit Bureau Co., Ltd. | 3313 | 6433 | 2658 |  |  | (90) |  | 9001 |
|  Korea Finance Security Co., Ltd. | 3267 | 3285 | 331 |  |  |  |  | 3616 |
|  K BANK Co., Ltd. | 224657 | 260052 | 13747 |  | (13029) |  | 1480 | 262250 |
|  Partner One Value Up I Private Equity Fund | 5039 | 3230 | (1107) |  |  |  |  | 2123 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership |  | 8247 | (784) |  | (4356) | (844) |  | 2263 |
|  Crevisse Raim Impact 1st Startup Venture Specialist Private Equity Fund | 4532 | 4437 |  | 95 |  |  |  | 4532 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 8237 | 23496 | (2656) |  |  | (138) |  | 20702 |
|  LOTTE CARD Co., Ltd. | 346810 | 587392 | 17861 |  |  | (15591) | (14082) | 575580 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 17446 | 9852 | 1523 | 9011 |  |  |  | 20386 |
|  PCC-Woori LP Secondary Fund | 7000 | 7298 | (1304) |  |  |  |  | 5994 |
|  Together-Korea Government Private Pool Private Securities Investment Trust No. 3 | 10000 | 10540 | 307 |  |  |  |  | 10847 |
|  Union Technology Finance Investment Association | 13449 | 12270 | (500) |  |  |  |  | 11770 |
|  KUM HWA Co., Ltd (\*) |  |  |  |  |  |  |  |  |
|  Paratus Woori Material Component Equipment joint venture company | 12300 | 11799 | (184) |  |  |  |  | 11615 |
|  Dicustody Co., Ltd. |  | 1 |  |  | (1) |  |  |  |
|  Jinmyung Plus Co., Ltd. |  | 14 | (5) |  |  |  |  | 9 |
|  Orient Shipyard Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  BTS 2nd Private Equity Fund | 8146 | 4838 | 41 | 2920 |  |  |  | 7799 |
|  Woori Financial Digital Investment Association No. 1 | 44000 | 32463 | 101 | 11000 |  |  |  | 43564 |
|  Joongang Network Solution Co., Ltd. |  | 88 | 100 |  | (101) |  | (87) |  |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 12000 | 8406 | (228) | 3000 |  |  |  | 11178 |
|  KG Fashion Co., Ltd. (\*) |  |  |  |  |  |  |  |  |
|  Win Mortgage Co., Ltd. | 23 | 105 | 32 |  |  | (2) |  | 135 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 34001 | 22390 | 13109 | 15025 | (4656) | (9116) |  | 36752 |
|  SF CREDIT PARTNERS, LLC | 13059 | 12845 | 1326 |  |  |  | 1829 | 16000 |
|  Woori FG DINNO Lab Fund 1st | 3500 |  | (74) | 3500 |  |  |  | 3426 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | 8361 |  | (227) | 8361 |  |  |  | 8134 |
|  | 779248 | 1029697 | 44060 | 52912 | (22143) | (25786) | (10860) | 1067880 |

---

---

| | |
|:---|:---|
| (\*1) | The amount for which no loss was recognized for associates due to discontinuation of the equity method was 19 million Won for Orient Shipyard Co., Ltd., and 39 million Won in KG Fashion CO., Ltd, and the accumulated amount is 4 million Won for KUM HWA Co., Ltd., 47 million Won for Orient Shipyard Co., Ltd., 159 million Won in KG Fashion CO., Ltd..  |

---

------

(3) Summary financial information relating to investments in associates accounted for using the equity method of
accounting as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | As of and for the year ended December 31, 2025 | As of and for the year ended December 31, 2025 | As of and for the year ended December 31, 2025 | As of and for the year ended December 31, 2025 | As of and for the year ended December 31, 2025 | As of and for the year ended December 31, 2025 |
| Subsidiaries | Assets | Liabilities | Operating<br>revenue | Net income<br>(loss) | Other<br>comprehensive<br>income (loss) | Total<br>comprehensive<br>income (loss) |
|  W Service Networks Co., Ltd. | 7423 | 3301 | 15306 | 754 |  | 754 |
|  Korea Credit Bureau Co., Ltd. | 160778 | 38645 | 202976 | 36559 |  | 36559 |
|  Korea Finance Security Co., Ltd. | 40856 | 15307 | 44434 | 1813 |  | 1813 |
|  K BANK Co., Ltd. | 32826189 | 30643202 | 1133400 | 88207 | (30073) | 58134 |
|  Partner One Value Up I Private Equity Fund | 9420 | 775 | (391) | (484) |  | (484) |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 6212 | 38 | 2 | (127) |  | (127) |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 15747 | 100 | 1 | (388) |  | (388) |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 103810 | 1077 | 37506 | 36345 |  | 36345 |
|  LOTTE CARD Co., Ltd. (\*) | 24614346 | 21040011 | 2235400 | 108426 | (1957) | 106469 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 98251 | 324 | 2628 | 1293 |  | 1293 |
|  PCC-Woori LP Secondary Fund | 21317 | 522 | 2438 | (1473) |  | (1473) |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 11084 | 1 | 241 | 235 |  | 235 |
|  Union Technology Finance Investment Association | 31762 | 509 | 2015 | 1483 |  | 1483 |
|  KUM HWA Co., Ltd. | 4 | 167 |  |  |  |  |
|  Paratus Woori Material Component Equipment joint venture company | 27487 | 427 | 2 | (865) |  | (865) |
|  Jinmyung Plus Co., Ltd. | 494 | 447 | 131 | (25) |  | (25) |
|  Orient Shipyard Co., Ltd. | 7020 | 23626 |  | (4) |  | (4) |
|  BTS 2nd Private Equity Fund | 41452 | 234 | 1 | (881) |  | (881) |
|  Woori Financial Digital Investment Association No. 1 | 47288 |  | 3989 | 1784 |  | 1784 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 44196 | 245 | 60 | (842) |  | (842) |
|  KG Fashion Co., Ltd. | 2114 | 2906 | 377 | (122) |  | (122) |
|  Win Mortgage Co., Ltd. | 4804 | 2562 | 11881 | 139 |  | 139 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 182355 | 2013 | (10792) | (12911) |  | (12911) |
|  SF CREDIT PARTNERS, LLC | 333410 | 148541 | 21326 | 11068 | (3670) | 7398 |
|  Woori Financial Dino Lab Investment Association No. 1 | 4737 |  | 10 | (158) |  | (158) |
|  Woori Corporate Turnaround No.1 Private Equity Fund | 25152 | 642 | 9684 | 8558 |  | 8558 |
|  Market & Farm Co., Ltd. | 779 | 883 |  | (160) |  | (160) |
|  Woori Financial Dino Lab Investment Association No. 2 | 9821 |  | 16 | (179) |  | (179) |
|  Ulsan Yeocheon Development Co., Ltd. | 1439 | 1036 |  | (12) |  | (12) |

---

---

| | |
|:---|:---|
| (\*) | The amount is after reflecting the fair value adjustment that occurred when acquiring the shares and the adjustments that occurred by the difference of accounting policies with the Group.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | As of and for the year ended December 31, 2024 | As of and for the year ended December 31, 2024 | As of and for the year ended December 31, 2024 | As of and for the year ended December 31, 2024 | As of and for the year ended December 31, 2024 | As of and for the year ended December 31, 2024 |
| Subsidiaries | Assets | Liabilities | Operating<br>revenue | Net income<br>(loss) | Other<br>comprehensive<br>income (loss) | Total<br>comprehensive<br>income (loss) |
|  W Service Networks Co., Ltd. | 6621 | 2475 | 16788 | 738 |  | 738 |
|  Korea Credit Bureau Co., Ltd. | 150657 | 62343 | 175338 | 26589 |  | 26589 |
|  Korea Finance Security Co., Ltd. | 36797 | 12692 | 42640 | 1695 |  | 1695 |
|  K BANK Co., Ltd. | 29314529 | 27293765 | 1043436 | 149922 | 3695 | 153617 |
|  Partner One Value Up I Private Equity Fund | 9810 | 682 | (4358) | (4758) |  | (4758) |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 11474 | 165 | (3108) | (3887) |  | (3887) |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 15745 | 100 | 1 | (388) |  | (388) |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 84775 | 419 | 4422 | (10824) |  | (10824) |
|  LOTTE CARD Co., Ltd. (\*) | 24416416 | 20937932 | 2103130 | 100468 | (20494) | 79974 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 101315 | 1362 | 1278 | 164 |  | 164 |
|  PCC-Woori LP Secondary Fund | 22863 | 600 | 2549 | (4767) |  | (4767) |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 10849 | 1 | 306 | 300 |  | 300 |
|  Union Technology Finance Investment Association | 40269 | 641 | 19 | (646) |  | (646) |
|  KUM HWA Co., Ltd. | 4 | 167 |  |  |  |  |
|  Paratus Woori Material Component Equipment joint venture company | 58285 | 2380 |  | (884) |  | (884) |
|  Jinmyung Plus Co., Ltd. | 499 | 459 | 96 | (32) |  | (32) |
|  Orient Shipyard Co., Ltd. | 7025 | 23626 |  | (76) |  | (76) |
|  BTS 2nd Private Equity Fund | 39431 | 432 | 628 | (468) |  | (468) |
|  Woori Financial Digital Investment Association No. 1 | 49506 | 2 | 857 | 114 |  | 114 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 39694 | 197 | 40 | (802) |  | (802) |
|  KG Fashion Co., Ltd. | 2201 | 2850 | 544 | (197) |  | (197) |
|  Win Mortgage Co., Ltd. | 6053 | 3073 | 16435 | 1044 |  | 1044 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 164574 | 762 | 40639 | 38093 |  | 38093 |
|  SF CREDIT PARTNERS, LLC | 185463 | 30752 | 35820 | 14319 | 18291 | 32610 |
|  Aram CMC Co., Ltd. | 541 | 453 | 717 | (31) |  | (31) |
|  Woori Financial Dino Lab Investment Association No. 1 | 4896 | 1 | 14 | (105) |  | (105) |
|  Woori Corporate Turnaround No.1 Private Equity Fund | 30045 | 220 | 63 | (833) |  | (833) |
|  Market & Farm Co., Ltd. | 954 | 902 | 4933 | (125) |  | (125) |

---

---

| | |
|:---|:---|
| (\*) | The amount is after reflecting the fair value adjustment that occurred when acquiring the shares and the adjustments that occurred by the difference of accounting policies with the Group.  |

---

------

(4) The entities that the Group excluded from the associates although the Group's shareholding ratio of
common stock is more than 20% as of December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 |
| Associate (\*) | Number of shares owned (shares) | Percentage of ownership (%) |
|  CL Tech Co., Ltd. | 10191 | 28.6 |
|  CT INTERNATIONAL CO.,LTD. | 1741 | 26.7 |
|  Happy Home Co.,Ltd. | 14924 | 22.7 |

---

---

| | |
|:---|:---|
| (\*) | Although the Group's common stock ownership of the entity is more than 20%, the Group does not have significant influence over the entity since it is going through work-out process under receivership, accordingly it is excluded from the investment in associates.  |

---

---

| | | |
|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 |
| Associate (\*) | Number of shares owned (shares) | Percentage of ownership (%) |
|  CL Tech Co., Ltd. | 10191 | 28.6 |
|  TH International Co.,Ltd. | 6737 | 21.3 |
|  WORK-LIFE BALANCE CO.,LTD | 209 | 21.3 |

---

---

| | |
|:---|:---|
| (\*) | Although the Group's common stock ownership of the entity is more than 20%, the Group does not have significant influence over the entity since it is going through work-out process under receivership, accordingly it is excluded from the investment in associates.  |

---

------

(5) As of December 31, 2025 and 2024, the reconciliations from the net assets of the associates to the book
value of the shares of the investment in associates are as follows (Unit: Korean Won in millions except for ownership):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Associates | Total net<br>asset | Ownership<br>(%) | Ownership<br>portion of net<br>assets | Basis<br>difference | Intercompany<br>transaction and<br>others | Book<br>Value |
|  W Service Networks Co., Ltd. | 4122 | 4.9 | 204 |  |  | 204 |
|  Korea Credit Bureau Co., Ltd. | 122133 | 9.9 | 12107 | 247 |  | 12354 |
|  Korea Finance Security Co., Ltd. | 25549 | 15.0 | 3832 |  |  | 3832 |
|  K BANK Co., Ltd. (\*) | 2081003 | 12.0 | 248878 | 20822 |  | 269700 |
|  Partner One Value Up I Private Equity Fund | 8645 | 23.3 | 2010 |  |  | 2010 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 6174 | 20.0 | 1235 |  |  | 1235 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 15647 | 25.0 | 3912 |  | 718 | 4630 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 102733 | 24.5 | 25211 |  |  | 25211 |
|  LOTTE CARD Co., Ltd. (\*) | 2953104 | 20.0 | 590619 |  |  | 590619 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 97927 | 19.7 | 19274 |  |  | 19274 |
|  PCC-Woori LP Secondary Fund | 20795 | 26.9 | 5599 |  |  | 5599 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 11083 | 100.0 | 11082 |  |  | 11082 |
|  Union Technology Finance Investment Association | 31253 | 29.7 | 9283 |  |  | 9283 |
|  KUM HWA Co., Ltd. | (163) | 20.0 | (33) |  | 33 |  |
|  Paratus Woori Material Component Equipment joint venture company | 27060 | 20.8 | 5622 |  |  | 5622 |
|  Jinmyung Plus Co., Ltd. | 48 | 20.2 | 10 |  |  | 10 |
|  Orient Shipyard Co., Ltd. | (16606) | 22.7 | (3774) |  | 3774 |  |
|  BTS 2nd Private Equity Fund | 41218 | 20.0 | 8244 |  |  | 8244 |
|  Woori Financial Digital Investment Association No. 1 | 47288 | 88.0 | 41614 |  |  | 41614 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 43951 | 28.3 | 12439 |  |  | 12439 |
|  KG Fashion Co., Ltd. | (792) | 20.8 | (164) |  | 164 |  |
|  Win Mortgage Co., Ltd. | 2242 | 4.5 | 101 |  |  | 101 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 180342 | 22.3 | 40209 |  |  | 40209 |
|  SF CREDIT PARTNERS, LLC | 184869 | 10.0 | 18487 | 529 |  | 19016 |
|  Rea Company Ltd. | (2) | 24.5 | (1) |  | 1 |  |
|  Woori Financial Dino Lab Investment Association No. 1 | 4737 | 70.0 | 3316 |  |  | 3316 |
|  Woori Corporate Turnaround No.1 Private Equity Fund | 24510 | 27.3 | 6685 |  | (2862) | 3823 |
|  Market & Farm Co., Ltd. | (104) | 23.7 | (25) |  | 25 |  |
|  Woori Financial Dino Lab Investment Association No. 2 | 9821 | 60.0 | 5893 |  |  | 5893 |
|  Ulsan Yeocheon Development Co., Ltd. | 402 | 50.0 | 201 |  |  | 201 |

---

---

| | |
|:---|:---|
| (\*) | The net asset and net asset equity amount is after the stock options, etc.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Associates | Total net<br>asset | Ownership<br>(%) | Ownership<br>portion of net<br>assets | Basis<br>difference | Intercompany<br>transaction and<br>others | Book<br>Value |
|  W Service Networks Co., Ltd. | 4146 | 4.9 | 204 |  |  | 204 |
|  Korea Credit Bureau Co., Ltd. | 88314 | 9.9 | 8755 | 246 |  | 9001 |
|  Korea Finance Security Co., Ltd. | 24105 | 15.0 | 3616 |  |  | 3616 |
|  K BANK Co., Ltd. (\*) | 2018704 | 12.0 | 241429 | 20821 |  | 262250 |
|  Partner One Value Up I Private Equity Fund | 9128 | 23.3 | 2123 |  |  | 2123 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 11309 | 20.0 | 2263 |  |  | 2263 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 15645 | 25.0 | 3911 |  | 621 | 4532 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 84357 | 24.5 | 20702 |  |  | 20702 |
|  LOTTE CARD Co., Ltd. (\*) | 2877907 | 20.0 | 575580 |  |  | 575580 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 99952 | 20.4 | 20386 |  |  | 20386 |
|  PCC-Woori LP Secondary Fund | 22262 | 26.9 | 5994 |  |  | 5994 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 10848 | 100.0 | 10847 |  |  | 10847 |
|  Union Technology Finance Investment Association | 39627 | 29.7 | 11770 |  |  | 11770 |
|  KUM HWA Co., Ltd. | (163) | 20.0 | (33) |  | 33 |  |
|  Paratus Woori Material Component Equipment joint venture company | 55904 | 20.8 | 11615 |  |  | 11615 |
|  Jinmyung Plus Co., Ltd. | 40 | 20.2 | 9 |  |  | 9 |
|  Orient Shipyard Co., Ltd. | (16601) | 22.7 | (3773) |  | 3773 |  |
|  BTS 2nd Private Equity Fund | 38999 | 20.0 | 7799 |  |  | 7799 |
|  Woori Financial Digital Investment Association No. 1 | 49504 | 88.0 | 43564 |  |  | 43564 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 39497 | 28.3 | 11178 |  |  | 11178 |
|  KG Fashion Co., Ltd. | (649) | 20.8 | (135) |  | 135 |  |
|  Win Mortgage Co., Ltd. | 2981 | 4.5 | 135 |  |  | 135 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 163812 | 22.4 | 36752 |  |  | 36752 |
|  SF CREDIT PARTNERS, LLC | 154712 | 10.0 | 15470 |  | 530 | 16000 |
|  Aram CMC Co., Ltd. | 88 | 20.0 | 18 |  | (18) |  |
|  Woori Financial Dino Lab Investment Association No. 1 | 4895 | 70.0 | 3426 |  |  | 3426 |
|  Woori Corporate Turnaround No.1 Private Equity Fund | 29825 | 27.3 | 8134 |  |  | 8134 |
|  Market & Farm Co., Ltd. | 52 | 23.7 | 12 |  | (12) |  |

---

---

| | |
|:---|:---|
| (\*) | The net asset and net asset equity amount is after the stock options , etc.  |

---

------

**14.** **INVESTMENT PROPERTIES** 

(1) Details of investment properties as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Acquisition cost | 581418 | 599143 |
|  Accumulated depreciation | (78533) | (76025) |
|  Net carrying value | 502885 | 523118 |

---

(2) Changes in investment properties are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended<br>December 31 | For the years ended<br>December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 523118 | 592528 |
|  Depreciation | (6397) | (8768) |
|  Classification as assets held for sale | (35137) |  |
|  Transfer (\*) | 14440 | (65280) |
|  Foreign currencies translation adjustments | 6861 | 4638 |
|  Ending balance | 502885 | 523118 |

---

---

| | |
|:---|:---|
| (\*) | This is the reclassification amount between properties and equipment, and investment properties for land and buildings for the years ended December 31, 2025 and 2024.  |

---

(3) Fair value of investment properties amounted to 863,170 million Won and 873,600 million Won as of
December 31, 2025 and 2024, respectively. The fair value of investment properties has been assessed on the basis of recent similar real estate market price and officially assessed land price in the area of the investment properties, is
classified as level 3 on the fair value hierarchy.

(4) Rental fee earned from investment properties is amounted to 31,665 million Won and 31,657 million Won
for the years ended December 31, 2025 and 2024, respectively. The operating expenses directly related to the investment properties where rental fee was earned are 6,397 million Won and 8,768 million Won for the years ended
December 31, 2025 and 2024, respectively.

(5) The minimum lease payments expected to be received in the future under the non-refundable lease agreement as of December 31, 2025 and 2024. (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Lease payments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Within a year | 13150 | 10762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 1 year and within 2 years | 8589 | 6055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 2 years and within 3 years | 7038 | 3772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 3 years and within 4 years | 7020 | 3487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 4 years and within 5 years | 5753 | 3438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 5 years | 3793 | 3441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 45343 | 30955 |

---

------

**15.** **PROPERTIES AND EQUIPMENT** 

(1) Details of properties and equipment as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Properties and equipment (owned) | 1542661 | 576648 | 255493 | 70188 | 45761 | 2490751 |
|  Right-of-use assets |  | 436831 | 18840 |  |  | 455671 |
|  Carrying value | 1542661 | 1013479 | 274333 | 70188 | 45761 | 2946422 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Properties and equipment (owned) | 1542666 | 612520 | 213537 | 65331 | 68440 | 2502494 |
|  Right-of-use assets |  | 475908 | 23473 |  |  | 499381 |
|  Carrying value | 1542666 | 1088428 | 237010 | 65331 | 68440 | 3001875 |

---

(2) Details of properties and equipment (owned) as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Acquisition cost | 1542661 | 942520 | 1061894 | 482193 | 45761 | 4075029 |
|  Accumulated depreciation |  | (365821) | (806401) | (412005) |  | (1584227) |
|  Accumulated impairment losses |  | (51) |  |  |  | (51) |
|  Net carrying value | 1542661 | 576648 | 255493 | 70188 | 45761 | 2490751 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Acquisition cost | 1542666 | 972797 | 992819 | 478498 | 68440 | 4055220 |
|  Accumulated depreciation |  | (360277) | (779282) | (413167) |  | (1552726) |
|  Net carrying value | 1542666 | 612520 | 213537 | 65331 | 68440 | 2502494 |

---

------

(3) Details of changes in properties and equipment (owned) for the years ended December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Beginning balance | 1542666 | 612520 | 213537 | 65331 | 68440 | 2502494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 26291 | 28057 | 115430 | 27138 | 74919 | 271835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (148) |  | (898) | (1221) | (31355) | (33622) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (30236) | (72948) | (21856) |  | (125040) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss |  | (51) |  |  |  | (51) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustment | (990) | (361) | (1310) | (613) | (51) | (3325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer (\*) | 53424 | (4371) | 2163 | 1342 | (66998) | (14440) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classification as held for sale | (78582) | (28897) |  |  |  | (107479) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | (13) | (481) | 67 | 806 | 379 |
|  Ending balance | 1542661 | 576648 | 255493 | 70188 | 45761 | 2490751 |

---

---

| | |
|:---|:---|
| (\*) | This is the reclassification amount between properties and equipment, and investment properties for land and buildings for the year ended December 31, 2025.  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Beginning balance | 1495945 | 614415 | 184298 | 52364 | 36486 | 2383508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 215 | 27919 | 88160 | 28639 | 37821 | 182754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (7253) |  | (1468) | (1517) |  | (10238) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (30854) | (71703) | (18965) |  | (121522) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustment | 1489 | 532 | 4224 | 3059 | 334 | 9638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer (\*) | 61544 | 3736 | 5338 | 853 | (6191) | 65280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classification as held for sale | (16477) | (3215) |  |  |  | (19692) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business combination |  |  | 2 |  |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 7203 | (13) | 4686 | 898 | (10) | 12764 |
|  Ending balance | 1542666 | 612520 | 213537 | 65331 | 68440 | 2502494 |

---

---

| | |
|:---|:---|
| (\*) | This is the reclassification amount between properties and equipment, and investment properties for land and buildings for the year ended December 31, 2024  |

---

(4) Details of right-of-use assets
as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Building | Properties for<br>business use | Total |
|  Acquisition cost | 893177 | 38683 | 931860 |
|  Accumulated depreciation | (456346) | (19843) | (476189) |
|  Net carrying value | 436831 | 18840 | 455671 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Building | Properties for<br>business use | Total |
|  Acquisition cost | 867170 | 38206 | 905376 |
|  Accumulated depreciation | (391262) | (14733) | (405995) |
|  Net carrying value | 475908 | 23473 | 499381 |

---

------

(5) Details of changes in right-of-use assets for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions) :

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Building | Properties for<br>business use | Total |
|  Beginning balance | 475908 | 23473 | 499381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New contracts | 145170 | 7309 | 152479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in contracts | 55056 |  | 55056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination | (20546) | (665) | (21211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | (217572) | (11529) | (229101) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (1185) | 252 | (933) |
|  Ending balance | 436831 | 18840 | 455671 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Building | Properties for<br>business use | Total |
|  Beginning balance | 327554 | 17899 | 345453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New contracts | 313469 | 15595 | 329064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in contracts | 46097 | 15 | 46112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination | (14764) | (1009) | (15773) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | (203212) | (11488) | (214700) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 6764 | 2461 | 9225 |
|  Ending balance | 475908 | 23473 | 499381 |

---

------

**16.** **INTANGIBLE ASSETS** 

(1) Details of intangible assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Goodwill | Industrial<br>property<br>rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Acquisition cost | 172791 | 2350 | 713690 | 1183153 | 25559 | 5399 | 2102942 |
|  Accumulated amortization |  | (1969) | (494624) | (985220) |  |  | (1481813) |
|  Accumulated impairment losses | (45714) |  |  | (33552) | (1044) |  | (80310) |
|  Net carrying value | 127077 | 381 | 219066 | 164381 | 24515 | 5399 | 540819 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Goodwill | Industrial<br>property<br>rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Acquisition cost | 181229 | 2245 | 635314 | 1137672 | 26241 | 6003 | 1988704 |
|  Accumulated amortization |  | (1810) | (432903) | (921629) |  |  | (1356342) |
|  Accumulated impairment losses |  |  |  | (33552) | (1093) |  | (34645) |
|  Net carrying value | 181229 | 435 | 202411 | 182491 | 25148 | 6003 | 597717 |

---

(2) Details of changes in intangible assets for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Goodwill | Industrial<br>property<br>rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Beginning balance | 181229 | 435 | 202411 | 182491 | 25148 | 6003 | 597717 |
|  Acquisition |  | 1 | 78384 | 44640 | 2044 | 5285 | 130354 |
|  Disposal |  |  |  | (34) | (2682) | (16) | (2732) |
|  Amortization (\*1) |  | (159) | (61729) | (65664) |  |  | (127552) |
|  Provision for impairment loss (\*2) | (45714) |  |  |  | (8) |  | (45722) |
|  Transfer |  | 104 |  | 4839 |  | (4943) |  |
|  Foreign currencies translation adjustment | (8438) |  |  | (1447) | 13 | (116) | (9988) |
|  Others |  |  |  | (444) |  | (814) | (1258) |
|  Ending balance | 127077 | 381 | 219066 | 164381 | 24515 | 5399 | 540819 |

---

---

| | |
|:---|:---|
| (\*1) | Amortization of other intangible assets amounting to 32,495 million Won is included in other operating expenses.  |

---

---

| | |
|:---|:---|
| (\*2) | Membership is an intangible asset with an indefinite useful life that recognizes an impairment loss if recoverable value is lower than its carrying amount, while the reversal of an impairment loss should be recognized when the recoverable value is higher than its carrying amount.  |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Goodwill | Industrial<br>property<br>rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Beginning balance | 163517 | 489 | 163678 | 162792 | 22138 | 7167 | 519781 |
|  Acquisition |  | 18 | 75890 | 67382 | 3976 | 25181 | 172447 |
|  Disposal |  |  | (113) | (1717) | (522) |  | (2352) |
|  Amortization (\*1) |  | (182) | (50033) | (61256) |  |  | (111471) |
|  Provision for impairment loss (\*2) |  |  |  |  | (217) |  | (217) |
|  Transfer |  | 110 | 12989 | 10990 |  | (24089) |  |
|  Foreign currencies translation adjustment | 17712 |  |  | 4163 | 274 | 586 | 22735 |
|  Business combination |  |  |  | 1 |  |  | 1 |
|  Others |  |  |  | 136 | (501) | (2842) | (3207) |
|  Ending balance | 181229 | 435 | 202411 | 182491 | 25148 | 6003 | 597717 |

---

---

| | |
|:---|:---|
| (\*1) | Amortization of other intangible assets amounting to 28,509 million Won is included in other operating expenses.  |

---

---

| | |
|:---|:---|
| (\*2) | Membership is an intangible asset with an indefinite useful life that recognizes an impairment loss if recoverable value is lower than its carrying amount, while the reversal of an impairment loss should be recognized when the recoverable value is higher than its carrying amount.  |

---

(3) Goodwill

1) Details of major goodwill as of December 31, 2025 and 2024 are as follows (Unit: Korea Won in millions):

---

| | | |
|:---|:---|:---|
| Cash Generating Unit (\*1) | December 31, 2025 | December 31, 2024 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk (\*2) | 72404 | 109262 |
|  Woori Bank (Cambodia) PLC (\*3) | 47589 | 64584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 119993 | 173846 |

---

(\*1) The goodwill has been allocated to the cash-generating unit that will benefit from the synergies of the business combination, and the cash-generating unit generally consists of a sales unit or its sub-sector.

(\*2) The Group has acquired Saudara Bank to expand retail sales in Indonesia, and recognized the goodwill as it is expected to strengthen our competitiveness by securing a local sales network in Indonesia.

(\*3) The Group has acquired Vision Fund Cambodia to expand Cambodian retail sales, and recognized goodwill based on the economies of scale and acquired customer base.

2) Impairment test

The recoverable amount of the cash-generating unit is measured at larger amount among the net fair value or the value in use.

The net fair value is calculated by deducting costs of disposal from the amount received from the sale of the cash-generating unit in an arm's length transaction between the parties with reasonable judgment and willingness to negotiate. In case of difficulty in measuring this amount, the net fair value is calculated by reflecting the characteristics of the current cash-generating unit in the past sale amounts of similar cash-generating units in the market. If reliable information related to fair value less costs to sell is not available, value in use is considered as recoverable amount. Value in use is the present value of future cash flows expected to be generated by the cash-generating unit. Future cash flows are estimated based on the latest financial budget approved by the management, with an estimated period of up to five years. PT Bank Woori Saudara Indonesia 1906 Tbk and Woori Bank (Cambodia) PLC applied growth rate for 1% to estimate future cash flow for the period over five years. The main assumptions used to estimate cash flows are about the size of the market and the share of the Group. The appropriate discount rate for discounting future cash flows is the discount rate, including assumptions about risk-free rates, market risk premium, and systemic risk of cash-generating units. The impairment test, which compares the carrying amount and recoverable amount of the cash-generating unit to which goodwill has been allocated, is conducted every year and every time an impairment sign occurs. (Unit: Korean Won in millions):

------

---

| | | |
|:---|:---|:---|
| Category | PT Bank Woori<br>Saudara Indonesia<br>1906 Tbk | Woori Bank<br>(Cambodia) PLC |
|  Discount rate (%) | 12.96 | 12.83 |
|  Terminal growth rate (%) | 1.00 | 1.00 |
|  Recoverable amount | 1106424 | 591103 |
|  Carrying amount | 1136686 | 606555 |

---

As a result of the impairment test on goodwill, the carrying amount of the cash-generating unit to which the goodwill was allocated exceeds the recoverable amount, and therefore an impairment loss has been recognized.

3) Sensitivity analysis

The sensitivity of recoverable amount due to changes in significant but unobservable inputs used in measuring recoverable amount of PT Bank Woori Saudara Indonesia 1906 Tbk and Woori Bank (Cambodia) PLC as of December 31, 2025, is as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | |  | PT Bank Woori<br>Saudara Indonesia<br>1906 Tbk | Woori Bank<br>(Cambodia) PLC |
|  Discount rate | Increase by 1 | % point | (97991) | (52311) |
|  Discount rate | Decrease by 1 | % point | 116379 | 62246 |
|  Terminal growth rate | Increase by 1 | % point | 78719 | 42278 |
|  Terminal growth rate | Decrease by 1 | % point | (66567) | (35687) |

---

**17.** **ASSETS HELD FOR SALE** 

Assets held for sale as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Properties and equipment (\*) | 91480 | 31266 |
|  Investment properties (\*) | 33588 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 125068 | 31266 |

---

(\*) The Group classifies above assets as assets held for sale that are highly likely to be sold within one year from December 31, 2025 and 2024, based on the management's decision.

------

**18.** **ASSETS SUBJECT TO LIEN AND ASSETS ACQUIRED THROUGH FORECLOSURES** 

(1) Assets subjected to lien as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  |  | Collateral given to | Amount | Reason for collateral |
|  Loans and other financial assets at amortized cost | Due from banks in local currency | Korea Exchange Co.,Ltd. | 3362 | Margin deposit for CCP |
|  Loans and other financial assets at amortized cost |  | MSBI LIMITED Seoul | 12634 | CSA variable margin and others |
|  Loans and other financial assets at amortized cost | Due from banks in foreign currencies | Goldman Sachs Intl., and others | 353030 | CSA variable margin and others |
|  Loans and other financial assets at amortized cost | Mortgage-backed securities | Public offering | 2067313 | Covered bonds |
|  Financial assets at FVTPL | Korean financial institutions government bonds and others | ING BANK and others | 587591 | CSA variable margin and others |
|  Financial assets at FVTPL |  | The BOK and others | 1814134 | Settlement risk and others |
|  Financial assets at <br>FVTOCI | Korean treasury and government bonds and others | The BOK and others | 3056643 | Related to bonds sold under repurchase agreements (\*) |
|  Financial assets at <br>FVTOCI |  | The BOK | 362317 | Settlement risk and others |
|  Financial assets at <br>FVTOCI | Korean financial institutions debt securities and others | The BOK and others | 927890 | Related to bonds sold under repurchase agreements (\*) |
|  Financial assets at <br>FVTOCI |  | The BOK | 9283095 | Settlement risk and others |
|  Financial assets at <br>FVTOCI | Foreign financial institutions debt securities | CCIL Exchange | 150656 | Related to bonds sold under repurchase agreements (\*) |
|  Financial assets at <br>FVTOCI |  | SOCIETE GENERAL, PAR | 386609 | CSA variable margin and others |
|  Financial assets at <br>FVTOCI |  | RJF | 93681 | Collateral to receive a borrowing limit |
|  Securities at <br>amortized cost | Korean treasury and government bonds and others | The BOK and others | 9100505 | Settlement risk and others |
|  Securities at <br>amortized cost | Korean financial institutions debt securities and others | The BOK and others | 5098911 | Settlement risk and others |
|  Securities at <br>amortized cost | Foreign financial institutions debt securities | RJF and others | 30441 | Collateral to receive a borrowing limit |
|  Securities at <br>amortized cost |  | NATIXIS | 12145 | Related to bonds sold under repurchase agreements (\*) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 33340957 |  |

---

---

| | |
|:---|:---|
| (\*1) | The financial assets are not derecognized and provided as collaterals because the Group entered into an agreement to buy the transferred assets back at a predetermined price or the sale price plus a certain return rate. The Group continuously recognizes the transferred assets as liabilities (bond sold under repurchase agreements) after the repurchase.  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  |  | Collateral given to | Amount | Reason for collateral |
|  Loans and other financial assets at amortized cost | Due from banks in local currency | Korea Exchange Co.,Ltd. | 3 | Margin deposit for CCP |
|  Loans and other financial assets at amortized cost | Due from banks in foreign currencies | BNP-PARIBAS, PAR and others | 647782 | CSA variable margin and others |
|  Loans and other financial assets at amortized cost | Mortgage-backed securities | Public offering | 1790810 | Covered bonds |
|  Financial assets at FVTPL | Korean financial institutions debt securities and others | DBS BANK LTD, SEL and others | 698231 | CSA variable margin and others |
|  Financial assets at <br>FVTOCI | Korean financial institutions debt securities and others | CITIBANK, N.A. LONDON and others | 74143 | Related to bonds sold under repurchase agreements (\*) |
|  Financial assets at <br>FVTOCI | Korean financial institutions debt securities and others | The BOK and others | 8863286 | Settlement risk and others |
|  Financial assets at <br>FVTOCI | Foreign financial institutions debt securities | Central Bank of Brazil and others | 164136 | Related to bonds sold under repurchase agreements (\*) |
|  Financial assets at <br>FVTOCI | Foreign financial institutions debt securities | RJF | 110530 | Collateral to receive a borrowing limit |
|  Financial assets at <br>FVTOCI | Foreign financial institutions debt securities | SOCIETE GENERAL, PAR | 358781 | CSA variable margin |
|  Securities at <br>amortized cost | Korean treasury and government bonds and others | The BOK and others | 11526197 | Settlement risk and others |
|  Securities at <br>amortized cost | Foreign financial institutions debt securities | NATIXIS | 41442 | Related to bonds sold under repurchase agreements (\*) |
|  Securities at <br>amortized cost | Foreign financial institutions debt securities | RJF and others | 34508 | Collateral to receive a borrowing limit |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24309849 |  |

---

---

| | |
|:---|:---|
| (\*) | The financial assets are not derecognized and provided as collaterals because the Group entered into an agreement to buy the transferred assets back at a predetermined price or the sale price plus a certain return rate. The Group continuously recognizes the transferred assets as liabilities (bond sold under repurchase agreements) after the repurchase.  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Assets acquired through foreclosures as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Non-operational real estates | 47849 | 48576 |
|  Non-operational assets | 484 | 497 |
|  Real estate assessment provision | (1794) | (1898) |
|  Accumulated Depreciation | (3490) | (2745) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 43049 | 44430 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Securities loaned as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

<u>December 31,<br>2025</u> <u> Loaned to</u> <br> Financial assets at FVTOCI Korean treasury and government bonds and others 238,406 Korea Securities Finance Corporation

<u>December 31,<br>2024</u> <u> Loaned to</u> <br> Financial assets at FVTPL Korean treasury and government bonds and others 12,361 Korea Securities Finance Corporation

Securities loaned are lending of specific securities to borrowers who agree to return the same quantity of the same security at the end of lending period. As the Group does not derecognize these securities, there are no liabilities recognized through such transactions relates to securities loaned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Collaterals held that can be disposed and re-subjected to lien
regardless of defaults of counterparties

Fair values of collaterals held that can be disposed and re-subjected to lien regardless of defaults of counterparties as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Fair values of collaterals | Fair values of collaterals | Fair values of collaterals<br>disposed or re-subjected to lien |
|  Securities |  | 14673954 |  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair values of collaterals | Fair values of collaterals | Fair values of collaterals<br>disposed or re-subjected to lien |
|  Securities |  | 10640153 |  |

---

**19.** **OTHER ASSETS** 

Details of other assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Prepaid expenses | 335506 | 296902 |
|  Advance payments | 10121 | 8502 |
|  Non-operational assets | 43050 | 44430 |
|  Others | 34112 | 16379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 422789 | 366213 |

---

------

**20.** **FINANCIAL LIABILITIES AT FVTPL** 

(1) Financial liabilities at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Financial liabilities at FVTPL | 5454730 | 9235348 |
|  Financial liabilities designated to be measured at FVTPL | 557501 | 547816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6012231 | 9783164 |

---

(2) Details of financial liabilities at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deposits due to customers : |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking liabilities | 263251 | 74205 |
|  Borrowings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 70298 |  |
|  Derivative liabilities | 5121181 | 9161143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5454730 | 9235348 |

---

(3) Details of financial liabilities designated to be measured at FVTPL as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Deposits due to customers : |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time Deposits |  | 557501 |  | 547816 |

---

These contracts are designated as financial liabilities at fair value through profit or loss in accordance with K- IFRS No.1109 *'Financial Instrument'* because the group of financial instruments is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, in cases where designating financial liabilities as items measured at fair value through profit or loss makes the information more relevant.

(4) Changes in fair value due to fluctuation in credit risk reflected in financial liabilities designated to be
measuredat FVTPL for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended<br>December 31, 2025 | For the year ended<br>December 31, 2024 |
|  Financial liabilities designated to be measured at FVTPL | 557501 | 547816 |
|  Changes in fair value due to fluctuation in credit risk (\*) | 74 | (1831) |
|  Accumulated changes in fair value due to fluctuation in credit risk (\*) | (1757) | (1831) |

---

---

| | |
|:---|:---|
| (\*) | The loss recognized in other comprehensive income for the year ended December 31, 2025 with respect to financial liabilities designated to be measured at FVTPL are 74 million Won, and the cumulative profit are 1,757 million Won. The profit recognized in other comprehensive income for the year ended December 31, 2024 with respect to financial liabilities designated to be measured at FVTPL are 1,831 million Won, and the cumulative profit are 1,831 million Won.  |

---

When deposits due to customers are measured at fair value, adjustments are made to reflect the credit risk of the Group. This is a method determined by adjusting the Group's credit spread observed in the credit evaluation.

------

(5) The difference between financial liabilities designated to be measured at FVTPL's carrying amount and
nominal amount at maturity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Carrying amount |  | 557501 |  | 547816 |
|  Nominal amount at maturity |  | 540000 |  | 530000 |
|  Difference |  | 17501 |  | 17816 |

---

**21.** **DEPOSITS DUE TO CUSTOMERS** 

Details of deposits due to customers by type as of December 31, 2025, and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deposits in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demand deposits | 8210457 | 8875838 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saving deposits with flexible withdrawal options | 125842027 | 115920730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other saving deposits | 172747445 | 175594379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mutual installment | 18219 | 19901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificate of deposits | 9274299 | 11742425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other deposits | 955588 | 1037810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 317048035 | 313191083 |
|  Deposits in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits in foreign currencies | 55428731 | 50986214 |
|  Present value discount | (138961) | (144359) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 372337805 | 364032938 |

---

**22.** **BORROWINGS AND DEBENTURES** 

(1) Details of borrowings as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from the BOK | The BOK | 1 | 1845239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2195534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 4.6 | 6037670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 10078443 |
|  Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.8 ~ 8 | 12884832 |
|  Bills sold | Others | 0.0 ~ 2 | 1033 |
|  Call money | Bank and others | 1.7 ~ 10 | 2013940 |
|  Bonds sold under repurchase agreements | The BOK and others | 1.0 ~ 14.9 | 3955860 |
|  Present value discount |  |  | (574) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 28933534 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from the BOK | The BOK | 1.5 | 1981928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2165257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 4.8 | 5609910 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 9757095 |
|  Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.0 ~ 12 | 14937950 |
|  Bills sold | Others | 0.0 ~ 2.7 | 3690 |
|  Call money | Bank and others | 1.7 ~ 4.9 | 1402780 |
|  Bonds sold under repurchase agreements | Other financial institutions | 1.0 ~ 12.2 | 278767 |
|  Present value discount |  |  | (593) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 26379689 |

---

(2) Details of debentures as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  | Interest rate (%) | Amount | Interest rate (%) | Amount |
|  Face value of bond (\*): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ordinary bonds | 0.8 ~ 5.4 | 24816021 | 0.8 ~ 6.3 | 22170995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated bonds | 1.9 ~ 5.1 | 3872768 | 1.9 ~ 5.1 | 3471380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other bonds | 17.0 | 4006 | 17.0 | 4006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 28692795 |  | 25646381 |
|  Discounts on bonds |  | (30527) |  | (112057) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 28662268 |  | 25534324 |

---

---

| | |
|:---|:---|
| (\*) | Includes debentures under fair value hedge amounting to 4,046,624 million Won and 3,952,047 million Won as of December 31, 2025 and 2024, respectively.  |

---

**23.** **PROVISIONS** 

(1) Details of provisions as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Provisions for guarantees (\*1) | 79315 | 70686 |
|  Provisions for unused commitments | 72412 | 76713 |
|  Asset retirement obligation | 91231 | 87599 |
|  Other provisions (\*2) | 394517 | 295108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 637475 | 530106 |

---

(\*1) Provisions for guarantees include provisions for financial guarantees of 52,730 million Won and 48,001 million Won as of December 31, 2025 and 2024, respectively.

(\*2) Other provisions consist of provisions for litigation, compensation for loss and others.

------

(2) Changes in provisions for guarantees and unused loan commitments for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Provisions for guarantees

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 56525 | 2534 | 11627 | 70686 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 536 | (536) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (438) | 438 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (809) | (39) | 848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for unused amount | 4005 | 1015 | 3344 | 8364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 270 | (5) |  | 265 |
|  Ending balance | 60089 | 3407 | 15819 | 79315 |

---

(\*) Includes the impact from change of financial guarantee liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 68894 | 2800 | 7225 | 78919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 317 | (317) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (230) | 230 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (100) | (90) | 190 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for (reversal of) unused amount | (9352) | (108) | 4211 | (5249) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (3004) | 19 | 1 | (2984) |
|  Ending balance | 56525 | 2534 | 11627 | 70686 |

---

(\*) Includes the impact from change of financial guarantee liabilities.

------

ii) Provisions for unused loan commitments

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 67341 | 9372 |  | 76713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 2054 | (2054) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (901) | 901 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (51) | (100) | 151 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of unused amount | (949) | (3009) | (147) | (4105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (197) | 1 |  | (196) |
|  Ending balance | 67297 | 5111 | 4 | 72412 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 74090 | 8401 |  | 82491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 2385 | (2385) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (1602) | 1602 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (57) | (53) | 110 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for (reversal of) unused amount | (8271) | 1816 | (110) | (6565) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 796 | (9) |  | 787 |
|  Ending balance | 67341 | 9372 |  | 76713 |

---

(3) Changes in asset retirement obligation for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 87599 | 86290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 3173 | 3553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used | (7825) | (4468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal |  | (223) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | 1076 | 1243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in restoration costs and others | 7208 | 1204 |
|  Ending balance | 91231 | 87599 |

---

------

The amount of the asset retirement obligation is the present value of the best estimate of future expected expenditure to settle the obligation – arising from leased properties as of end of reporting period discounted by appropriate discount rate. The restoration cost is expected to occur by the end of each property's lease period, and the Group has used average lease period of each category of leases terminated during the past years in order to rationally estimate the lease period. In addition, the Group used average amount of actual recovery cost for the past 3 years and the inflation rate for the preceding year in order to estimate future recovery cost.

(4) Changes in other provisions for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 295108 | 458264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 103785 | 29769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used and others | (4486) | (185576) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of unused amount | (72) | (3344) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | 82 | 209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 100 | (4214) |
|  Ending balance | 394517 | 295108 |

---

(5) Others

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① The Group recognized the estimated amount of compensation related to incomplete sales of Derivative Linked Fund
(DLF) in 2019 and provisions for fines expected to be imposed by the Financial Services Commission as the best estimate of expenditure required to fulfill its current obligations at the end of the current period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② The Group recognized a provision for the estimated amount of contractual refunds and loss compensations that
may be payable in relation to customer losses expected fund redemption delays, with ending balances of 259,168 million Won and 246,422 million Won as of December 31, 2025 and 2024, respectively. In addition, the Group recognized a
provision—comprising estimated compensation for expected customer losses on equity-linked securities and the expected fines and penalties to be imposed by the Financial Services
Commission—amounting to 2,847 million Won and 781 million Won as of December 31, 2025 and 2024, respectively.

------

**24.** **NET DEFINED BENEFIT LIABILITY(ASSET)** 

The retirement benefit of the Group is based on the defined benefit retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using actuarial assumptions that are considered to be the most reasonable estimate of the future cash flows (the projected unit method, which takes account of projected earnings increases).

The Group is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

---

| | |
|:---|:---|
|  Volatility of asset | The defined benefit obligation was estimated with discount rate calculated based on return on high-quality corporate bonds. A deficit may occur if the rate of return of plan assets falls short of the discount rate. |
|  Decrease in return on high quality corporate bonds | A decrease in return on high-quality corporate bonds will be partially offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation. |
|  Risk of inflation | Most defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases. |

---

(1) Details of net defined benefit liability(asset) as of December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31,<br>2025 | December 31,<br>2024 |
|  Present value of defined benefit obligations | 1714739 | 1591119 |
|  Fair value of plan assets | (1872173) | (1726232) |
|  Net defined benefit asset | (157434) | (135113) |

---

(2) Changes in the carrying value of defined benefit obligation for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the years ended December 31 | For the years ended December 31 |
| | | 2025 | 2024 |
|  Beginning balance | Beginning balance | 1591119 | 1358687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current service cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current service cost | 132888 | 121807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest cost | 64523 | 64548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements | Financial assumptions | (21059) | 79646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements | Demographic assumptions |  | (533) |
|  | Experience adjustments | 39568 | (14545) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | 780 | 400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | (120526) | (87193) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Past service cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Past service cost | 26469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | 780 | 409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability acquired through business combination | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability acquired through business combination |  | 68237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 197 | (344) |
|  Ending balance | Ending balance | 1714739 | 1591119 |

---

------

(3) Changes in the plan assets for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 1726232 | 1577806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer's contributions | 213000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 69761 | 77208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements | (10825) | (13670) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | (123693) | (83331) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | 464 | 2514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset acquired through business combination |  | 68237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (2766) | (2532) |
|  Ending balance | 1872173 | 1726232 |

---

(4) The details of plan assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

<u>December 31, 2025</u> <u>December 31, 2024</u> <br> Time deposits and others 1,872,173 1,726,232

(5) Realized returns on plan assets amount to 58,936 million Won and 63,538 million Won for the years
ended December 31, 2025 and 2024, respectively, and the contribution expected to be paid in the current accounting year amounts to 131,611 million Won.

(6) The amounts recognized in net income and total comprehensive income in relation to defined benefit plans for
the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended<br>December 31, 2025 | For the year ended<br>December 31, 2024 |
|  Current service cost | 132888 | 121807 |
|  Past service cost (\*) | 26469 |  |
|  Net interest income | (5238) | (12660) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in net income | 154119 | 109147 |
|  Remeasurements | 29334 | 78238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in total comprehensive income | 183453 | 187385 |

---

(\*) This occurred due to changes in the criteria for determining ordinary wages during the year ended December 31, 2025.

Meanwhile, retirement benefits related to defined contribution plans recognized as expenses are 2,783 million Won and 2,030 million Won for the years ended December 31, 2025 and 2024, respectively.

(7) Key actuarial assumptions used in defined benefit liability measurement as of December 31, 2025 and 2024
are as follows:

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Discount rate | 4.46% | 4.03% |
|  Future wage growth rate | 5.49% | 5.19% |
|  Mortality rate | Issued by Korea Insurance<br>Development Institute | Issued by Korea Insurance<br>Development Institute |
|  Retirement rate | Experience rate for each<br>employment classification | Experience rate for each<br>employment classification |

---

The weighted average maturity of defined benefit liability is 9.57 years.

------

(8) The sensitivity to actuarial assumptions used in the assessment of defined benefit obligation as of
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 (\*) | December 31, 2024 (\*) |
|  Discount rate | Increase by 1% point | (145339) | (137958) |
|  Discount rate | Decrease by 1% point | 167619 | 159621 |
|  Future wage growth rate | Increase by 1% point | 169126 | 160833 |
|  Future wage growth rate | Decrease by 1% point | (149127) | (141388) |

---

---

| | |
|:---|:---|
| (\*) | Although the above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant; in practice, more than one assumption are correlated. The sensitivity of the defined benefit obligation to changes in principal actuarial assumptions is calculated using the projected unit credit method, the same method applied when calculating the defined benefit obligations recognized in the statement of financial position.  |

---

(9) The details of the maturity of the defined benefit obligation as of December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Within 1 year |  | 71790 |  | 60056 |
|  After 1 year but less than 2 years |  | 101440 |  | 83523 |
|  After 2 years but less than 5 years |  | 427450 |  | 409094 |
|  After 5 years but less than 10 years |  | 525678 |  | 457362 |
|  After 10 years |  | 1564105 |  | 1390927 |

---

**25.** **OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES** 

Other financial liabilities and other liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Other financial liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 7413925 | 6438827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 4013134 | 4363030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from trust accounts | 7692762 | 6769383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agency business revenue | 594684 | 733988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange payables | 784357 | 902564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchange payables | 11740938 | 7590328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 411186 | 450682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous financial liabilities | 2308664 | 2059919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Present value discount | (1229) | (1118) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 34958421 | 29307603 |
|  Other liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unearned income | 72837 | 111796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous liabilities | 240782 | 195493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 313619 | 307289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 35272040 | 29614892 |

---

------

**26.** **DERIVATIVES** 

(1) Derivative assets and derivative liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | | Assets | Assets | Liabilities | Liabilities |
|  |<br>Nominal<br>amount | For fair value<br>hedge | For trading | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 49325 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3340000 |  | 155174 |  | 92925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 134530759 | 37010 | 136924 | 27050 | 144643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 320000 |  |  |  | 8194 |
|  Currency: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 106808822 |  | 2681099 |  | 1173984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 71716550 |  | 2830743 |  | 3700608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 67650 |  | 1267 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 81999 |  |  |  | 827 |
|  Equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 163 |  | 104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1711 |  | 815 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 316916979 | 37010 | 5806126 | 27050 | 5121181 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | | Assets | Assets | Liabilities | Liabilities |
|  |<br>Nominal<br>amount | For fair value<br>hedge | For trading | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 101831 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3530000 |  | 52855 |  | 274980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 138866980 | 10102 | 308647 | 102634 | 204086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 50000 |  | 81 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 360000 |  |  |  | 10595 |
|  Currency: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 111916607 |  | 5638033 |  | 1804764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 84460271 |  | 4089519 |  | 6861714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 175221 |  | 4779 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 265182 |  |  |  | 3603 |
|  Equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 1520 |  | 182 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 7698 |  |  |  | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1767 |  | 1005 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 339737077 | 10102 | 10095101 | 102634 | 9161143 |

---

Derivatives held for trading are classified into financial assets at FVTPL (Note 7) and financial liabilities at FVTPL (Note 20), and derivatives held for hedging are presented as derivative assets and derivative liabilities in the consolidated statements of financial position.

------

(2) Overview of the Group's hedge accounting

1) Fair value hedge

As of December 31, 2025, the Group has applied fair value hedge on fixed interest rate foreign currency denominated debentures amounting to 3,763,978 million Won, and Korean Won denominated debentures amounting to 282,646 million Won. The purpose of the hedging is to avoid fair value volatility risk of fixed interest rate foreign currency and Korean Won denominated debentures derived from fluctuations of market interest rate, and as such the Group entered into interest rate swap agreements designated as hedging instruments.

According to the interest rate swap contract, an amount computed by multiplying the difference between the fixed and variable interest rate to the predetermined nominal amount will be exchanged. As a result, the fixed interest rate condition in the foreign currency and Korean Won denominated debentures will practically be converted into variable interest rate, thereby eliminating the risk of fair value fluctuation. Pursuant to the interest rate swap agreement, hedge ratio is determined by matching the nominal value to the face value of the hedging instrument.

In this hedging relationship, only the market interest rate fluctuation, which is the most significant part of the fair value change of the hedged item, is designated as the hedged risk, and other risk factors including credit risk are not included in the hedged risk. Therefore, the ineffective portion of the hedge could arise from fluctuations in the timing of the cash flow of the hedged item, price margin set by counterparty of hedging instrument, and unilateral change in credit risk of any party of hedging instrument.

The interest rate swap agreements and the hedged items are subject to fluctuations in the underlying market rate of interest and the Group expects the value of the interest rate swap contract and the value of the hedged item to generally change in the opposite direction.

The fair value of the interest rate swap at the end of the reporting period is determined by discounting future cash flows estimated using the yield curve at the end of the reporting period and the credit risk embedded in the contract and the average interest rate is determined based on the outstanding balance at the end of the reporting period. The variable interest rate applied to the interest rate swap is Compounding SOFR or CD 3M plus spread. In accordance with the terms of each interest rate swap contract designated as a hedging instrument, the Group receives interest at a fixed interest rate and pays interest at a variable interest rate.

2) Hedges of net investment in foreign operations

The foreign currency exposure arises from the Group's net investment in Woori America Bank, Woori Bank (Cambodia) PLC, Woori Global Markets Asia Limited and foreign branches, which use USD as functional currency. The risk arises from fluctuation in the spot exchange rate between USD and KRW. This may change the net investment amount.

The risk hedged from net investment hedging is the risk of fluctuations in KRW against USD, which could reduce the net investment carrying amount of the Group in Woori America Bank, Woori Bank (Cambodia) PLC. and Woori Global Markets Asia Limited.

Some of the Group's net investments in Woori America bank, Woori Bank (Cambodia) PLC., Woori Global Markets Asia Limited, etc. are hedged in USD-denominated foreign currency bonds (Carrying amount as of December 31, 2025: USD 863,959,317) and mitigate the exchange risk arising from the net assets of subsidiaries and foreign branches. The bond was designated as a hedging instrument for changes in the value of net investments resulting from fluctuations in the spot exchange rate between USD and KRW.

To assess the effectiveness of the hedge, the Group determines the economic relationship between the hedging instrument and hedged item by comparing (offsetting) changes in the amount of foreign investments due to spot exchange rate fluctuation and in the carrying amount of the liabilities due to spot exchange rate fluctuation. The Group's policy is to hedge the net investment only within the principal range of the liabilities.

------

(3) The nominal amounts of the hedging instrument as of December 31, 2025 and 2024 are as follows (Unit: USD,
and Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | 1 year or less | 1 year to 5 years | More than 5<br>years | Total |
|  Fair value hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | 550000000 | 2100000000 |  | 2650000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) |  |  | 290000 | 290000 |
|  Hedges of net investment in foreign operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD) |  | 863959317 |  | 863959317 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | 1 year or less | 1 year to 5 years | More than 5<br>years | Total |
|  Fair value hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | 25000000 | 2650000000 |  | 2675000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) |  |  | 155000 | 155000 |
|  Hedges of net investment in foreign operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD) | 191568880 | 672390437 |  | 863959317 |

---

(4) The average interest rate and average exchange rate of the hedging instrument as of December 31, 2025 and
2024 are as follows:

---

| | |
|:---|:---|
|  | December 31, 2025 |
|  Fair value hedge |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | Fixed 3.47% receipt and C.SOFR+1.06% floating paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) | Fixed 3.94% receipt and CD 3M+0.01% floating paid |
|  Hedges of net investment in foreign operations |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD/KRW) | 1421.88 |

---

---

| | |
|:---|:---|
|  | December 31, 2024 |
|  Fair value hedge |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | Fixed 3.47% receipt and C.SOFR+1.06% floating paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) | Fixed 4.52 % receipt and CD 3M+ 0.02% floating paid |
|  Hedges of net investment in foreign operations |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD/KRW) | 1363.09 |

---

------

(5) Fair value hedge

1) The amounts related to items designated as fair value hedging instruments as of December 31, 2025 and 2024 are as follows (Unit: USD, and Korean Won in millions): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Nominal amounts of the<br>hedging instrument | Carrying amounts<br>of the hedging<br>instrument | Carrying amounts<br>of the hedging<br>instrument | Line item in the consolidated<br>statement of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of the<br>hedging instrument | Assets | Liabilities | Line item in the consolidated<br>statement of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk | USD 2,650,000,000 | 37010 | 27050 | Derivative assets<br> (Designated for hedging) | 93549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps | 290000 |  |  | Derivative liabilities<br> (Designated for hedging) |  |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal amounts of the<br>hedging instrument | Carrying amounts<br>of the hedging<br>instrument | Carrying amounts<br>of the hedging<br>instrument | Line item in the consolidated<br>statement of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of the<br>hedging instrument | Assets | Liabilities | Line item in the consolidated<br>statement of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk | USD 2,675,000,000 | 10102 | 102634 | Derivative assets<br> (Designated for hedging) | 5265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps | 155000 |  |  | Derivative liabilities<br> (Designated for hedging) |  |

---

------

2) Details of carrying amount to fair value hedged and amount adjusted due to hedge accounting as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Carrying amounts of<br>the hedging item | Carrying amounts of<br>the hedging item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Line item in the<br>consolidated<br>statement of financial<br>position in which the<br>hedged item is<br>included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the<br>consolidated<br>statement of financial<br>position in which the<br>hedged item is<br>included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures |  | 3763978 |  | 29538 | Debentures | (91877) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean Won denominated debentures |  | 282646 |  | 7354 | Debentures | 11117 |

---

(\*) The accumulated profit on foreign currency denominated debentures was 29,538 million Won, and the accumulated profit on Korean Won denominated debentures was 7,354 million Won as of December 31, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Carrying amounts of<br>the hedging item | Carrying amounts of<br>the hedging item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Line item in the<br>consolidated<br>statement of financial<br>position in which the<br>hedged item is<br>included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the<br>consolidated<br>statement of financial<br>position in which the<br>hedged item is<br>included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures |  | 3792388 |  | 124647 | Debentures | (12758) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean Won denominated debentures |  | 159659 |  | 4659 | Debentures | (4659) |

---

(\*) The accumulated profit on foreign currency denominated debentures was 124,647 million Won, and the accumulated loss on Korean Won denominated debentures was 4,659 million Won as of December 31, 2024.

3) Amounts recognized in profit or loss due to the ineffective portion of fair value hedges for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  |  | Hedge ineffectiveness<br>recognized in profit or loss | Hedge ineffectiveness<br>recognized in profit or loss | Line item in the profit or loss |
|  Fair value hedge | Interest rate risk |  | 12789 | Other operating income net |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  |  | Hedge ineffectiveness<br>recognized in profit or loss | Line item in the profit or loss |
|  Fair value hedge | Interest rate risk | (12152) | Other operating expense, net |

---

------

(6) Hedges of net investments in foreign operations

1) The amounts related to items designated as hedging instruments of net investments in foreign operations as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions, USD): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the<br>hedging instrument | Carrying amounts of the<br>hedging instrument | Line item in the<br>consolidated<br>statement of financial<br>position where the<br>hedging instrument is<br>located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the<br>consolidated<br>statement of financial<br>position where the<br>hedging instrument is<br>located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures | USD 863,959,317 |  | 1239695 | Foreign currency denominated debentures | 30325 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the<br>hedging instrument | Carrying amounts of the<br>hedging instrument | Line item in the<br>consolidated<br>statement of financial<br>position where the<br>hedging instrument is<br>located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the<br>consolidated<br>statement of financial<br>position where the<br>hedging instrument is<br>located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures | USD 863,959,317 |  | 1270020 | Foreign currency<br>denominated debentures | (156015) |

---

2) The amounts related to items designated as hedged items of net investments in foreign operations as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 |
|  | Changing in fair value used for calculating<br>hedge ineffectiveness | Balance of foreign currency translation<br>reserve in hedge accounting |
|  Hedges of net investment in foreign operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net assets | (30325) | (127258) |

---

---

| | | |
|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 |
|  | Changing in fair value used for calculating<br>hedge ineffectiveness | Balance of foreign currency translation<br>reserve in hedge accounting |
|  Hedges of net investment in foreign operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net assets | 156015 | (149577) |

---

------

3) The amounts recognized in other comprehensive income and profit or loss related to net investment hedges in foreign operations for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  | Hedge gain or loss<br>recognized in other<br>comprehensive income | Income tax<br>effect | Sub-total | Hedge ineffectiveness<br>recognized in profit or<br>loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk | 30325 | (8006) | 22319 |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  | Hedge gain or loss<br>recognized in other<br>comprehensive income | Income tax<br>effect | Sub-total | Hedge ineffectiveness<br>recognized in profit or<br>loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk | (156015) | 41188 | (114827) |  |  |

---

No amount was reclassified from reserve of hedges of net investment in foreign operations to profit or loss for the years ended December 31, 2025 and 2024.

**27.** **DEFERRED DAY 1 PROFITS OR LOSSES** 

Changes in deferred day 1 profits or losses for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 28 | 7848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amounts recognized in profits or losses | (28) | (7820) |
|  Ending balance |  | 28 |

---

In case some variables to measure fair values of financial instruments are not observable in the market, valuation techniques are utilized to evaluate such financial instruments. Those financial instruments are recorded at the transaction price, even though there are differences noted between the transaction price and the fair value price produced by the valuation techniques at the time of acquisition. In addition, the difference between fair value and transaction price is deferred and amortized to maturity and reflected in profit or loss. The table above presents the difference yet to be realized as profit or losses for the years ended December 31, 2025 and 2024.

------

**28.** **SHARE CAPITAL AND CAPITAL SURPLUS** 

(1) The number of authorized shares and others as of December 31, 2025 and 2024 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Shares of common stock authorized |  | 5,000,000,000 Shares |  | 5,000,000,000 Shares |
| Par value per share |  | 5,000 Won |  | 5,000 Won |
|  Shares of common stock issued |  | 716,000,000 Shares |  | 716,000,000 Shares |
|  Share capital |  | 3,581,392 million Won |  | 3,581,392 million Won |

---

(2) Details of capital surplus as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Capital in excess of par value | 1068420 | 1068420 |
|  Other capital surplus | 40255 | 40030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1108675 | 1108450 |

---

**29.** **HYBRID SECURITIES** 

The bond-type hybrid securities classified as owner's equity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Issue date | Maturity date | Interest rate<br>(%) | December 31,<br>2025 | December 31,<br>2024 |
|  Hybrid securities in local currency | June 3, 2015 | June 3, 2045 | 4.4 |  | 240000 |
|  | September 21, 2022 |  | 5.2 | 320000 | 320000 |
|  | September 21, 2022 |  | 5.5 | 30000 | 30000 |
|  | October 16, 2023 |  | 5.4 | 300000 | 300000 |
|  Hybrid securities in foreign currency | July 24, 2024 |  | 6.4 | 761805 | 761805 |
|  | Issuance cost |  |  | (5292) | (5858) |
|  | Total |  |  | 1406513 | 1645947 |

---

The hybrid securities mentioned above are either without a maturity date or its maturity can be extended indefinitely at the maturity date without changing terms, and early redemption may be made after 5, 7 or 10 years from the issue date (Issuer Call). In addition, interest payments can be suspended or canceled at the Group's discretion.

------

**30.** **OTHER EQUITY** 

(1) Details of other equity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Accumulated other comprehensive income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) on valuation of financial assets at FVTOCI | (9489) | 29121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on changes in credit risk of financial liabilities designated to be measured at FVTPL | 1274 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on evaluation of investment stocks by equity method | (4480) | (1230) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation of foreign operations | 416980 | 525556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on evaluation of hedge of net investment in foreign operations | (127258) | (149577) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan | (94186) | (74068) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 182841 | 331150 |
|  Other capital adjustments | (1609023) | (1658940) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (1426182) | (1327790) |

---

(2) Changes in the accumulated other comprehensive income for the years ended December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Beginning<br>balance | Increase<br>(decrease)<br>(\*) | Reclassification<br>adjustments | Income tax<br>effect (\*) | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 29121 | 30103 | (81510) | 12797 | (9489) |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL | 1348 | (74) |  |  | 1274 |
|  Gain (loss) on evaluation of investment stocks by equity method | (1230) | (4493) |  | 1243 | (4480) |
|  Gain (loss) on foreign currency translation of foreign operations | 525556 | (111864) |  | 3288 | 416980 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | (149577) | 30325 |  | (8006) | (127258) |
|  Remeasurement gain (loss) related to defined benefit plan | (74068) | (29334) |  | 9216 | (94186) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 331150 | (85337) | (81510) | 18538 | 182841 |

---

(\*) Net loss on valuation of financial assets at FVTOCI includes 1,326 million Won which was transferred to retained earnings due to disposal of equity securities.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Beginning<br>balance | Increase<br>(decrease)<br>(\*) | Reclassification<br>adjustments | Income tax<br>effect<br>(\*) | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 53020 | (23295) | (17770) | 17166 | 29121 |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL |  | 1831 |  | (483) | 1348 |
|  Gain (loss) on evaluation of investment stocks by equity method | 6697 | (10847) |  | 2920 | (1230) |
|  Gain (loss) on foreign currency translation of foreign operations | 34352 | 503947 |  | (12743) | 525556 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | (34750) | (156015) |  | 41188 | (149577) |
|  Remeasurement gain (loss) related to defined benefit plan | (17068) | (78238) |  | 21238 | (74068) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 42251 | 237383 | (17770) | 69286 | 331150 |

---

(\*) Net gain on valuation of financial assets at FVTOCI included the 53,539 million Won which was transferred to retained earnings due to disposal of equity securities.

**31.** **RETAINED EARNINGS** 

Details of retained earnings as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2024 |
|  Legal reserve | Legal reserves in Korea | 3329754 | 3049754 |
|  | Other legal reserve | 33239 | 33239 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 3362993 | 3082993 |
|  Voluntary reserve | Business rationalization reserve | 8000 | 8000 |
|  Voluntary reserve | Reserve for financial structure improvement | 235400 | 235400 |
|  | Additional reserve | 8576104 | 8576104 |
|  | Regulatory reserve for credit loss | 2160089 | 1905354 |
|  | Revaluation reserve | 701685 | 701685 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 11681278 | 11426543 |
|  Retained earnings before appropriation | Retained earnings before appropriation | 9860112 | 9298518 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | 24904383 | 23808054 |

---

1) Legal reserve

In accordance with the Article 40, Banking Act of Korea, earned surplus reserve is appropriated at least one tenth of the earnings after tax on every dividend declaration, not exceeding the paid in capital. This reserve may not be used other than for offsetting a deficit or transferring to capital.

2) Other legal reserve

Other legal reserves were appropriated in the branches located in Japan, India and Bangladesh according to the banking laws of Japan, India and Bangladesh, and may be used to offset any deficit incurred in those branches.

3) Business rationalization reserve

Pursuant to the Restriction of Special Taxation Act, the Group was previously required to appropriate, as a reserve for business rationalization, amounts equal to tax reductions arising from tax exemptions and tax credits up to December 31, 2001. The requirement was no longer effective from 2002.

------

4) Reserve for financial structure improvement

From 2002 to 2014, the Finance Supervisory Services recommended banks in Korea to appropriate at least 10 percent of net income after accumulated deficit for financial structure improvement, until tangible common equity ratio equals 5.5 percent. This reserve is not available for payment of cash dividends; however, it can be used to reduce a deficit or be transferred to capital. The reserve and appropriation are an autonomous judgment matter of the Group since 2015.

5) Additional reserve

Additional reserve is a voluntary reserve to retain earnings for capital adequacy and soundness of the Group's operation.

6) Regulatory reserve for credit loss

In accordance with paragraph 1 and 2 of Article 29 of the Regulation on Supervision of Banking Business ("RSBB"), if provisions for credit loss under K-IFRS for the accounting purpose are lower than provisions for credit loss under RSBB, the Group is prohibited to provide dividends with the regulatory reserve.

7) Revaluation reserve

Revaluation reserve is the amount of limited dividends set by the Board of Directors to be recognized as complementary capital when the gain or loss occurred in the property revaluation by adopting K-IFRS.

**32.** **REGULATORY RESERVE FOR CREDIT LOSS** 

In accordance with Paragraph 1 and 2 of Article 29 of the Regulation on Supervision of Banking Business, the Group calculates and discloses the regulatory reserve for credit loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Balance of the regulatory reserve for credit loss as of December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Regulatory reserve for credit loss |  | 2160089 |  | 1905354 |
|  Planned provision for regulatory reserve for credit loss |  | 239509 |  | 254735 |
|  Ending balance |  | 2399598 |  | 2160089 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the
planned reserves provided for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions, except for EPS amount):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income | 2582099 | 3046936 |
|  Required provision for regulatory reserve for credit loss | 239509 | 254735 |
|  Adjusted net income after the provision for regulatory reserve | 2342590 | 2792201 |
|  Adjusted EPS after the provision for regulatory reserve (Unit: Korean Won)(\*) | 3147 | 3793 |

---

(\*) For the years ended December 31, 2025 and 2024, it was calculated by deducting 89,134 million Won and 76,249 million Won, respectively, of dividends on hybrid securities from adjusted net income after the provision for regulatory reserve.

------

**33.** **DIVIDENDS** 

Dividends for the years ended December 31, 2025 and 2024 are 1,627 Won and 1,889 Won per share, respectively, and the total amount of dividends approved are 1,164,932 million Won and 1,352,524 million Won, respectively. Dividends as of December 31, 2025 will be proposed at the regular shareholders' meeting scheduled on March 20, 2026.

**34.** **NET INTEREST INCOME** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Interest income recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Financial assets at FVTPL | 144034 | 153055 |
|  Financial assets at FVTOCI | 1278693 | 1281641 |
|  Securities at amortized cost | 539833 | 642888 |
|  Loans and other financial assets at amortized cost: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on due from banks | 505631 | 549438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on loans | 15461086 | 16884040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on other receivables | 32325 | 39611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 15999042 | 17473089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 17961602 | 19550673 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Interest expense recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Interest on deposits due to customers | 7907331 | 9437205 |
|  Interest on borrowings | 981477 | 1183535 |
|  Interest on debentures | 946284 | 977084 |
|  Interest on lease liabilities | 16513 | 15386 |
|  Other interest expense | 293492 | 371222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 10145097 | 11984432 |

---

------

**35.** **NET FEES AND COMMISSIONS INCOME** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of fees and commissions income recognized for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Fees and commissions received for brokerage | 225889 | 241762 |
|  Fees and commissions received related to credit | 138871 | 157226 |
|  Fees and commissions received for electronic finance | 131857 | 130172 |
|  Fees and commissions received on foreign exchange handling | 55653 | 57335 |
|  Fees and commissions received on foreign exchange | 111348 | 115450 |
|  Fees and commissions received for guarantee | 98548 | 104301 |
|  Fees and commissions received on credit card | 3131 | 3209 |
|  Fees and commissions received on securities business | 59439 | 48157 |
|  Fees and commissions from trust management | 197678 | 172624 |
|  Other fees | 201153 | 185356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1223567 | 1215592 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Details of fees and commissions expense incurred for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Fees and commissions paid | 223495 | 203790 |
|  Credit card commissions | 2250 | 1279 |
|  Brokerage commissions | 24 | 24 |
|  Others | 4579 | 4010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 230348 | 209103 |

---

------

**36.** **DIVIDEND INCOME** 

(1) Details of dividend income recognized for the years ended December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Dividend income related to financial assets at FVTPL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on equity securities | 17721 | 14215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on capital contributions | 76871 | 96918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on beneficiary certificates | &nbsp;&nbsp;&nbsp;&nbsp;268510 | &nbsp;&nbsp;&nbsp;&nbsp;245788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 363102 | 356921 |
|  Dividend income related to financial assets at FVTOCI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on equity securities | 20327 | 17606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on capital contributions | 40 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 20367 | 17766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 383469 | 374687 |

---

(2) Details of dividend income related to financial assets at FVTOCI for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Dividend income recognized from assets held Equity securities | 19800 | 17766 |
|  Dividend income generated from assets disposed Equity securities | 567 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 20367 | 17766 |

---

------

**37.** **NET GAIN OR LOSS ON FINANCIAL INSTRUMENTS AT FVTPL** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of net gain or loss on financial instruments at FVTPL for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net gain on financial instruments at FVTPL | 336560 | 1473568 |
|  Net gain (loss) on financial instruments designated to be measured at FVTPL | 389 | (19647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 336949 | 1453921 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Details of net gain or loss on financial instruments at FVTPL for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended December 31 | For the years ended December 31 |
|  |  |  | 2025 | 2024 |
|  Financial instruments at FVTPL | Securities | Gain on transactions and valuation | 413565 | 607503 |
|  |  | Loss on transactions and valuation | (585086) | (225553) |
|  |  | Sub-total | (171521) | 381950 |
|  | Loans | Gain on transactions and valuation |  | 11672 |
|  | Loans |  |  |  |
|  |  | Sub-total |  | 11672 |
|  | Other financial instruments | Gain on transactions and valuation | 29176 | 6084 |
|  |  | Loss on transactions and valuation | (25988) | (5456) |
|  |  | Sub-total | 3188 | 628 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | (168333) | 394250 |
|  Derivatives (for trading) | Interest rate derivatives | Gain on transactions and valuation | 2087012 | 2963221 |
|  |  | Loss on transactions and valuation | (1817864) | (2925208) |
|  |  | Sub-total | 269148 | 38013 |
|  | Currency derivatives | Gain on transactions and valuation | 9164256 | 14841469 |
|  |  | Loss on transactions and valuation | (8928447) | (13789059) |
|  |  | Sub-total | 235809 | 1052410 |
|  | Equity derivatives | Gain on transactions and valuation | 111 | 1182989 |
|  |  | Loss on transactions and valuation | (175) | (1194094) |
|  |  | Sub-total | (64) | (11105) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 504893 | 1079318 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 336560 | 1473568 |

---

(\*) The Group manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to foreign exchange are described in Notes 40. (2) and (3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Details of net gain or loss on financial instruments designated to be measured at FVTPL for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net gain (loss) on deposit due to customers: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) on valuation of time deposit | 389 | (19647) |

---

------

**38.** **NET GAIN OR LOSS ON FINANCIAL ASSETS AT FVTOCI** 

Details of net gain or loss on financial assets at FVTOCI recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Gain on redemption of securities | 138573 | 96647 |
|  Loss on disposal of securities | (24) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 138549 | 96647 |

---

**39.** **REVERSAL OF (PROVISION FOR) EXPECTED CREDIT LOSS ALLOWANCE** 

Reversal of (provision for) expected credit loss allowance for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Reversal (provision for) of expected credit loss allowance on financial assets measured at FVTOCI | (8387) | (8866) |
|  Reversal (provision for) of expected credit loss allowance on securities measured at amortized cost | (330) | 3287 |
|  Reversal (provision for) of expected credit loss allowance on loans and other financial assets measured at amortized cost | (1149927) | (827485) |
|  Reversal of (provision for) provision on guarantees | (8364) | 5249 |
|  Reversal of unused loan commitments | 4105 | 6565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (1162903) | (821250) |

---

------

**40.** **GENERAL ADMINISTRATIVE EXPENSES AND OTHER OPERATING INCOME (EXPENSES), NET** 

(1) Details of general and administrative expenses recognized for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | For the years ended December 31 | For the years ended December 31 |
| | | | 2025 | 2024 |
|  Employee benefits | Short-term employee benefits | Salaries | 1671335 | 1581947 |
|  Employee benefits | Short-term employee benefits | Employee benefits | 636788 | 561023 |
|  | Share-based payments | Share-based payments | 50934 | 23261 |
|  | Retirement benefit service costs | Retirement benefit service costs | 156902 | 111177 |
|  | Termination benefits | Termination benefits | 169013 | (3485) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 2684972 | 2273923 |
|  Depreciation and amortization | Depreciation and amortization | Depreciation and amortization | 449197 | 419185 |
|  Other general and administrative expenses | Rent | Rent | 95924 | 95805 |
|  Other general and administrative expenses | Taxes and public dues | Taxes and public dues | 160748 | 167278 |
|  Other general and administrative expenses | Service charges | Service charges | 257477 | 244174 |
|  | Computer and IT related | Computer and IT related | 213579 | 192317 |
|  | Telephone and communication | Telephone and communication | 58857 | 57071 |
|  | Advertising | Advertising | 172019 | 145459 |
|  | Printing | Printing | 4853 | 5620 |
|  | Traveling | Traveling | 11462 | 10673 |
|  | Supplies | Supplies | 6573 | 6829 |
|  | Insurance premium | Insurance premium | 11160 | 11825 |
|  | Maintenance | Maintenance | 19463 | 20676 |
|  | Water, light and heating | Water, light and heating | 18377 | 18455 |
|  | Vehicle maintenance | Vehicle maintenance | 9379 | 11689 |
|  | Others | Others | 119422 | 65937 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1159293 | 1053808 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp; Total | 4293462 | 3746916 |

---

(2) Details of other operating income recognized for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Gain on transactions of foreign exchange (\*) | 1427054 | 720989 |
|  Gain on derivatives (designated for hedging) | 102915 | 40843 |
|  Gain on fair value hedged items | 12013 | 25469 |
|  Others | 29050 | 14773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1571032 | 802074 |

---

(\*) The Group manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to derivatives are described in Note 37. (2).

------

(3) Details of other operating expenses recognized for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Loss on transactions of foreign exchange (\*1) | 1059987 | 1561619 |
|  KDIC deposit insurance premium | 485054 | 495308 |
|  Contribution to miscellaneous funds | 524126 | 528484 |
|  Loss on derivatives (designated for hedging) | 9532 | 24252 |
|  Loss on fair value hedged items | 92138 | 64571 |
|  Others (\*2) | 119966 | 153543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 2290803 | 2827777 |

---

(\*1) The Group manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to derivatives are described in Note 37. (2).

(\*2) 'Others' for the years ended December 31, 2025 and 2024, include 32,495 million Won and 28,509 million Won, respectively, of amortization expenses for intangible assets.

(4) Share-based payment

Details of performance condition share-based payment granted to executives as of December 31, 2025 and 2024 are as follows:

1) Performance condition share-based payment

---

| | | |
|:---|:---|:---|
|  Subject to | Subject to | Shares granted for the year 2021 (\*4) |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2021 ~ December 31, 2024 |
|  Date of payment | Date of payment | January 1, 2025 |
|  Fair value (Unit: Korean Won) (\*1) | Fair value (Unit: Korean Won) (\*1) |  |
|  Valuation method | Valuation method |  |
|  Dividend yield | Dividend yield |  |
|  Expected maturity | Expected maturity |  |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2025 |  |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2024 | 865,494 shares |
|  Subject to | Subject to | Shares granted for the year 2022 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2022 ~ December 31, 2025 |
|  Date of payment | Date of payment | January 1, 2026 |
|  Fair value (Unit: Korean Won) (\*1) | Fair value (Unit: Korean Won) (\*1) | 27713 |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Dividend yield | Dividend yield | 7.300% |
|  Expected maturity | Expected maturity | 0 year |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2025 | 737,601 shares |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2024 | 737,601 shares |

---

------

---

| | | |
|:---|:---|:---|
|  Subject to | Subject to | Shares granted for the year 2023 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2023 ~ December 31, 2026 |
|  Date of payment | Date of payment | January 1, 2027 |
|  Fair value (Unit: Korean Won) (\*1) | Fair value (Unit: Korean Won) (\*1) | 25763 |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Dividend yield | Dividend yield | 7.300% |
|  Expected maturity | Expected maturity | 1 year |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2025 | 755,920 shares |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2024 | 755,920 shares |
|  Subject to | Subject to | Shares granted for the year 2024 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2024 ~ December 31, 2027 |
|  Date of payment | Date of payment | January 1, 2028 |
|  Fair value (Unit: Korean Won) (\*1) | Fair value (Unit: Korean Won) (\*1) | 23949 |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Dividend yield | Dividend yield | 7.300% |
|  Expected maturity | Expected maturity | 2 years |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2025 | 1,189,935 shares |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2024 | 1,189,935 shares |
|  Subject to | Subject to | Shares granted for the year 2025 |
|  Type of payment | Type of payment | Cash-settled |
|  Vesting period | Vesting period | January 1, 2025 ~ December 31, 2028 |
|  Date of payment | Date of payment | January 1, 2029 |
|  Fair value (Unit: Korean Won) (\*1) | Fair value (Unit: Korean Won) (\*1) | 22263 |
|  Valuation method | Valuation method | Black-Scholes Model |
|  Dividend yield | Dividend yield | 7.300% |
|  Expected maturity | Expected maturity | 3 years |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2025 | 875,569 shares |
|  Number of shares measured as of the closing date (\*2),(\*3) | As of December 31, 2024 | — shares |

---

---

| | |
|:---|:---|
| (\*1) | As of December 31, 2025, the fair value calculated using the Black-Scholes model was used to measure liabilities by reflecting the average dividend rate for the past four years to the stock price of the weighted average of Woori Financial Group's trading volume for the past week, month and two months.  |

---

---

| | |
|:---|:---|
| (\*2) | At the initial point in time (January 1st of each fiscal year), the maximum number of shares granted is determined. The final number of shares to be paid is confirmed based on the evaluation results of long-term performance indicators over a total of four years, including the current year. The final compensation is then paid in cash, reflecting the stock price at the time of payment. The long-term performance indicators include relative shareholder returns, common Equity Tier 1 capital ratio, net income, return on equity (ROE), cost-to-income ratio (C/I ratio), non-performing loan ratio, and performance in assigned duties.  |

---

(\*3) As of December 31, 2025, the remaining quantity and granted quantity are the same.

(\*4) It has been fully paid during the year ended December 31, 2025.

2) The Group accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring per every closing period. As of December 31, 2025 and 2024, the book value of the liabilities related to the performance condition share-based payments recognized by the Group is 87,906 million Won and 50,674 million Won, respectively. 

------

**41.** **OTHER NON-OPERATING INCOME (EXPENSES)** 

(1) Details of gains or losses on valuation of investments in associates recognized for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Gains on valuation of investments in associate | 52494 | 50359 |
|  Losses on valuation of investments in associate | (6566) | (6292) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 45928 | 44067 |

---

(2) Details of other non-operating income and expenses recognized for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Other non-operating income | 112494 | 77117 |
|  Other non-operating expenses | (319974) | (181505) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (207480) | (104388) |

---

(3) Details of other non-operating income recognized for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Rental fee income | 32778 | 33288 |
|  Gains on disposal of assets held for sale | 33598 |  |
|  Gains on disposal of investments in associates |  | 11053 |
|  Gains on disposal of properties and equipment, intangible assets and other assets | 7126 | 622 |
|  Others | 38992 | 32154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 112494 | 77117 |

---

(4) Details of other non-operating expenses recognized for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Depreciation on investment properties | 6397 | 8768 |
|  Interest expenses of rent leasehold deposits | 1113 | 1631 |
|  Losses on disposal of investments in associates | 167 | 36 |
|  Losses on disposal of properties and equipment, intangible assets and other assets | 1725 | 1661 |
|  Impairment loss of properties and equipment, intangible assets and other assets | 46073 | 217 |
|  Donation | 143797 | 111891 |
|  Others (\*) | 120702 | 57301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 319974 | 181505 |

---

(\*) Other special losses related to other provisions for the years ended December 31, 2025 and 2024 are 98,913 million Won and 31,023 million Won, respectively.

------

**42.** **INCOME TAX EXPENSE** 

(1) Details of income tax expenses for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Current tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax expense in respect of the current year | 1075894 | 527971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments recognized in the current period in relation to the current tax of prior periods | 8735 | (32584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax charged to other equity directly | (8006) | 41188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1076623 | 536575 |
|  Deferred tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in deferred tax assets (liabilities) relating to the temporary differences | (326076) | 397378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax charged to other equity directly | 26544 | 28098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (299532) | 425476 |
|  Income tax expense | 777091 | 962051 |

---

(2) Income tax expense reconciled to net income before income tax expense for the years ended December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income before income tax expense | 3359190 | 4008987 |
|  Tax calculated at statutory tax rate (\*) | 866102 | 1037649 |
|  Adjustments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of income that is exempt from taxation | (29990) | (30868) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of expense not deductible in determining taxable profit | 50925 | 47822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments recognized in the current period in relation to the current tax of prior periods | 8735 | (32584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of income tax expense that is resulting from consolidated tax return | (111659) | (66172) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (7022) | 6204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (89011) | (75598) |
|  Income tax expense | 777091 | 962051 |
|  Effective tax rate | 23.1% | 24.0% |

---

---

| | |
|:---|:---|
| (\*) | The applicable income tax rate; 1) 9.9% for below 200 million Won, 2) 20.9% for above 200 million Won and below 20 billion Won, 3) 23.1% for above 20 billion Won and below 300 billion Won, 4) 26.4% for above 300 billion Won.  |

---

------

(3) Changes in cumulative temporary differences for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Beginning balance | Recognized as income<br>(expense) | Recognized as other<br>comprehensive income<br>(expense) | Ending balance |
|  Gain (loss) on financial assets | (240476) | 88838 | 12797 | (138841) |
|  Gain (loss) on valuation using the equity method of accounting | (11365) | (12976) | 1243 | (23098) |
|  Gain (loss) on valuation of derivatives | (227075) | 46882 |  | (180193) |
|  Accrued income | (111437) | (7421) |  | (118858) |
|  Provision for loan losses | 52147 | 16339 |  | 68486 |
|  Loan and receivables written off | 4494 | 210 |  | 4704 |
|  Loan origination costs and fees | (158895) | 33996 |  | (124899) |
|  Defined benefit liability | 440994 | 45831 | 9216 | 496041 |
|  Deposits with employee retirement insurance trust | (463300) | (68765) |  | (532065) |
|  Provision for guarantee | 5593 | 1413 |  | 7006 |
|  Other provision | 107612 | 15509 |  | 123121 |
|  Others (\*) | (230973) | 139678 | 3288 | (88007) |
|  Net deferred tax assets (liabilities) | (832681) | 299534 | 26544 | (506603) |

---

---

| | |
|:---|:---|
| (\*) | The deferred tax assets arising from tax loss carryforwards among other deferred tax assets and liabilities amount to 12,188 million Won.  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Beginning balance | Recognized as income<br>(expense) | Recognized as other<br>comprehensive income<br>(expense) | Ending balance |
|  Gain (loss) on financial assets | (145585) | (112057) | 17166 | (240476) |
|  Gain (loss) on valuation using the equity method of accounting | (9884) | (4401) | 2920 | (11365) |
|  Gain (loss) on valuation of derivatives | 49556 | (276631) |  | (227075) |
|  Accrued income | (128508) | 17071 |  | (111437) |
|  Provision for loan losses | (3366) | 55513 |  | 52147 |
|  Loan and receivables written off | 4382 | 112 |  | 4494 |
|  Loan origination costs and fees | (145464) | (13431) |  | (158895) |
|  Defined benefit liability | 373503 | 46253 | 21238 | 440994 |
|  Deposits with employee retirement insurance trust | (445731) | (17569) |  | (463300) |
|  Provision for guarantee | 7803 | (2210) |  | 5593 |
|  Other provision | 150961 | (43349) |  | 107612 |
|  Others (\*) | (142969) | (74778) | (13226) | (230973) |
|  Net deferred tax assets (liabilities) | (435302) | (425477) | 28098 | (832681) |

---

---

| | |
|:---|:---|
| (\*) | The deferred tax assets arising from tax loss carryforwards among other deferred tax assets and liabilities amount to 7,940 million Won.  |

---

(4) Unrealizable temporary differences as of December 31, 2025 and 2024, are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deductible temporary differences | 299321 | 297083 |
|  Taxable temporary differences | (2496928) | (2414711) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (2197607) | (2117628) |

---

No deferred income tax asset has been recognized for the deductible temporary difference of 299,321 million Won associated with investments in subsidiaries and associates as of December 31, 2025, because it is not probable that the temporary differences will be reversed in the foreseeable future.

------

No deferred income tax liability has been recognized for the taxable temporary difference of 2,496,928 million Won associated with investment in subsidiaries as of December 31, 2025, due to the following reasons:

• The Group can control the timing of the reversal of the temporary difference, and the temporary difference is not
subject to reversal through dividends.

• It is probable that the temporary difference will not be reversed in the foreseeable future.

(5) Details of accumulated deferred tax charged directly to other equity as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 3425 | (9372) |
|  Net loss on changes in credit risk of financial liabilities designated to be measured at FVTPL | (483) | (483) |
|  Net gain on evaluation of investment stocks by equity method | 1425 | 182 |
|  Net loss on foreign currency translation of foreign operations | (5805) | (9093) |
|  Net gain on evaluation of hedges of net investments in foreign operations | 46073 | 54079 |
|  Remeasurement gain related to defined benefit plan | 35850 | 26634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 80485 | 61947 |

---

(6) Current tax assets and liabilities as of December 31, 2025 and 2024, are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Current tax assets |  | 51168 |  | 47653 |
|  Current tax liabilities |  | 694344 |  | 94655 |

---

(7) Impact of Pillar Two income taxes

Under the Pillar 2 legislation, the Group is required to pay top-up taxes on the difference between the GloBE effective tax rate of each constituent entity's jurisdiction and the minimum tax rate of 15%. The Group recognized income tax expense amounting to 1,569 million Won for the year ended December 31, 2025. The Group applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income Taxes.

------

**43.** **EARNINGS PER SHARE ("EPS")** 

(1) Basic EPS is calculated by dividing net income by weighted average number of common shares outstanding for the
years ended December 31, 2025 and 2024. (Unit: Korean Won in millions, except for EPS and number of shares):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income for the period attributable to common shareholders | 2589646 | 3039372 |
|  Dividends to hybrid securities | (89134) | (76249) |
|  Net income attributable to common shareholders | 2500512 | 2963123 |
|  Weighted average number of common shares outstanding (Unit: million shares) | 716 | 716 |
|  Basic EPS (Unit: Korean Won) | 3492 | 4138 |

---

(2) The weighted average number of common shares outstanding for the years ended December 31, 2025 and 2024
are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Period | Number of<br>shares | Days | Accumulated number<br>of shares outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2025-01-01 ~ 2025-12-31 | 716000000 | 365 | 261340000000 |
|  | Sub-total (①) |  |  | 261340000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/365)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/365)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/365)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/365)) | 716000000 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Period | Number of<br>shares | Days | Accumulated number<br>of shares outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2024-01-01 ~ 2024-12-31 | 716000000 | 366 | 262056000000 |
|  | Sub-total (①) |  |  | 262056000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/366)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/366)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/366)) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares outstanding (②=(①/366)) | 716000000 |

---

Diluted EPS is equal to basic EPS because there is no dilution effect for the years ended December 31, 2025 and 2024.

------

**44.** **CONTINGENT LIABILITIES AND COMMITMENTS** 

(1) Details of guarantees as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 (\*) | December 31, 2024 (\*) |
|  Confirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee for loans | 69961 | 60571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances | 495942 | 617599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees in acceptances of imported goods | 66879 | 75265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other confirmed guarantees | 10831666 | 10337061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 11464448 | 11090496 |
|  Unconfirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local letter of credit | 161120 | 167580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letter of credit | 2615813 | 3213170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other unconfirmed guarantees | 1331305 | 1558188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 4108238 | 4938938 |
|  Commercial paper purchase commitments and others | 497394 | 581039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 16070080 | 16610473 |

---

(\*) Includes financial guarantees of 5,032,789 million Won and 4,156,000 million Won as of December 31, 2025 and 2024, respectively.

(2) Details of loan commitments and others as of December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Loan commitments |  | 88699685 |  | 90311327 |
|  Other commitments |  | 5636343 |  | 6039793 |

---

(3) Litigation case

Legal cases where the Group is involved as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions except for number of cases):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  | As plaintiff | As defendant | As plaintiff | As defendant |
|  Number of cases (\*) | 32 cases | 192 cases | 28 cases | 196 cases |
|  Amount of litigation | 286147 | 217645 | 260653 | 232073 |
|  Provisions for litigations |  | 46594 |  | 14383 |

---

(\*) The number of cases as of December 31, 2025 and 2024 does not include cases such as loan-related execution or simple extension of loan prescription, litigation where the substantive party is not the Group, or fraudulent lawsuits.

------

**45.** **RELATED PARTY TRANSACTIONS** 

Related parties of the Group as of December 31, 2025 and its assets and liabilities recognized as of December 31, 2025 and 2024 and major transactions with related parties for the years ended December 31, 2025 and 2024 and compensation to key management are as follows:

(1) Related parties

---

| | |
|:---|:---|
|  | Related parties |
| Parent company | Woori Financial Group Inc. |
| Associates | W Service Networks Co., Ltd., Korea Credit Bureau Co., Ltd., Korea Finance Security Co., Ltd., LOTTE CARD Co., Ltd., K BANK Co., Ltd., and others (Dongwoo C & C Co., Ltd. and 40 associates) |
| Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates (\*1), Woori Card Co., Ltd. and its subsidiaries, Woori Financial Capital Co., Ltd. and its subsidiaries and associates, Woori Investment Securities Co., Ltd. and its subsidiaries and associates (\*2), ABL Life Insurance Co.,Ltd. and its subsidiaries and associates (\*1), Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Financial F&I Co., Ltd. and its subsidiaries and associates, Woori Asset Management Co., Ltd. and its subsidiaries and associates, Woori Venture Partners Co., Ltd. and its subsidiaries and associates, Woori Private Equity Asset Management Co., Ltd. and its associates, Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Godo Kaisha Oceanos No. 1, JC Assurance Private Equity Partnership No. 2, IGEN 2022 Private Equity Fund No. 1, etc. |

---

(\*1) Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates and ABL Life Insurance Co.,Ltd. and its subsidiaries and associates were incorporated into Woori Financial Group for the year ended December 31, 2025.

(\*2) Woori Investment Bank Co., Ltd. was renamed to Woori Investment Securities Co., Ltd. following a merger with Korea Foss Securities Co., Ltd. for the year ended December 31, 2024.

(2) Major assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | A title of account | December 31,<br>2025 | December 31,<br>2024 |
|  Parent company | Woori Financial Group Inc. | Other assets | 27364 | 33632 |
|  |  | Deposits due to customers | 489321 | 1285912 |
|  |  | Other liabilities | 652362 | 63893 |
|  Associates | W Service Networks Co., Ltd. | Deposits due to customers | 3009 | 3054 |
|  |  | Other liabilities | 316 | 309 |
|  | Korea Credit Bureau Co., Ltd. | Deposits due to customers | 2615 | 780 |
|  |  | Other liabilities | 10 |  |
|  | Korea Finance Security Co., Ltd. | Loans | 3400 | 3200 |
|  |  | Expected credit loss allowance | (23) | (42) |
|  |  | Deposits due to customers | 2138 | 1145 |
|  |  | Other liabilities | 1 | 3 |
|  | LOTTE CARD Co., Ltd. | Loans | 26880 | 27913 |
|  |  | Expected credit loss allowance | (295) | (297) |
|  |  | Derivative assets | 564 | 1075 |
|  |  | Other assets | 85 | 49 |
|  |  | Deposits due to customers | 22869 | 20207 |
|  |  | Derivative liabilities | 807 |  |
|  |  | Other liabilities | 289 | 273 |
|  | K BANK Co., Ltd. | Other assets | 43 |  |
|  |  | Other liabilities | 158668 | 193719 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | A title of account | December 31,<br>2025 | December 31,<br>2024 |
|  | Others (\*) | Loans |  | 41 |
|  |  | Deposits due to customers | 1830 | 1993 |
|  |  | Other liabilities | 541 | 232 |
|  Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates | Derivative assets | 31821 |  |
|  |  | Other assets | 266487 |  |
|  |  | Deposits due to customers | 94371 |  |
|  |  | Derivative liabilities | 827 |  |
|  |  | Other liabilities | 8328 |  |
|  | Woori Card Co., Ltd. and its subsidiaries | Loans | 13224 | 5880 |
|  |  | Expected credit loss allowance | (66) | (39) |
|  |  | Derivative assets | 102 | 315 |
|  |  | Other assets | 14047 | 12943 |
|  |  | Deposits due to customers | 67095 | 48509 |
|  |  | Borrowings | 22733 | 25482 |
|  |  | Derivative liabilities | 32449 | 69580 |
|  |  | Other liabilities | 23537 | 26262 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 399312 | 990946 |
|  |  | Other liabilities | 1942 | 2811 |
|  | ABL Life Insurance Co.,Ltd. and its subsidiaries and associates | Deposits due to customers | 8286 |  |
|  |  | Other liabilities | 70 |  |
|  | Woori FIS Co., Ltd. | Other assets | 177 | 111 |
|  |  | Deposits due to customers | 9082 | 6968 |
|  |  | Other liabilities | 15682 | 18324 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | Derivative assets |  | 255 |
|  |  | Deposits due to customers | 15408 | 12730 |
|  |  | Other liabilities | 18 | 1 |
|  | Woori Finance Research Institute Co., Ltd. | Deposits due to customers | 1301 | 1839 |
|  |  | Other liabilities | 553 | 534 |
|  | Woori Credit Information Co., Ltd. | Other assets | 6 | 7 |
|  |  | Deposits due to customers | 14039 | 9469 |
|  |  | Other liabilities | 9852 | 9857 |
|  | Woori Fund Service Co., Ltd. | Deposits due to customers | 20939 | 17910 |
|  |  | Other liabilities | 1619 | 1707 |
|  | Woori Asset Management Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 33797 | 21302 |
|  | Woori Asset Trust Co., Ltd. | Deposits due to customers | 93370 | 198773 |
|  |  | Other liabilities | 116 | 253 |
|  | Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 79619 | 473951 |
|  |  | Other liabilities | 8084 | 6177 |
|  | Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Loans |  | 4900 |
|  |  | Expected credit loss allowance |  | (9) |
|  |  | Deposits due to customers | 10185 | 13984 |
|  |  | Other liabilities | 86 | 178 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties |  | A title of account | December 31<br>2025 | December 31<br>2024 |
|  | Woori Japan General Type Private Real Estate Feeder Investment Trust No. 1-1 and its subsidiaries | Derivative liabilities |  | 1 |
|  | Woori Savings Bank | Other assets | 18 | 14 |
|  | Woori Venture Partners Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 56120 | 78494 |
|  |  | Other liabilities | 189 | 359 |
|  | Godo Kaisha Oceanos No. 1 | Loans |  | 38770 |
|  |  | Expected credit loss allowance |  | (272) |
|  |  | Other assets |  | 63 |
|  | JC Assurance Private Equity Partnership No. 2 | Deposits due to customers | 1 | 28 |
|  | IGEN 2022 Private Equity Fund No. 1 | Deposits due to customers | 428 | 427 |

---

(\*) Others include Partner One Value Up I Private Equity Fund, Dongwoo C & C Co., Ltd. and others as of December 31, 2025 and December 31, 2024.

(3) Major gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | For the years ended December 31 | For the years ended December 31 |
| Related parties | Related parties | A title of account | 2025 | 2024 |
|  Parent company | Woori Financial Group Inc. | Fees income | 19 | 19 |
|  |  | Other income | 4400 | 4277 |
|  |  | Interest expenses | 27356 | 51778 |
|  |  | Fees expenses | 1815 | 1625 |
|  Associates | W Service Networks Co., Ltd. | Other income | 37 | 35 |
|  |  | Interest expenses | 30 | 37 |
|  | Korea Credit Bureau Co., Ltd. | Interest expenses | 10 |  |
|  | Korea Finance Security Co., Ltd. | Interest income | 152 | 142 |
|  |  | Interest expenses | 2 | 3 |
|  |  | Reversal of impairment losses due to credit loss | (22) | (30) |
|  | LOTTE CARD Co., Ltd. | Interest income | 1525 | 1586 |
|  |  | Fees income | 3416 | 3739 |
|  |  | Gain on derivatives | 248 | 1075 |
|  |  | Interest expenses | 2593 | 4127 |
|  |  | Loss on derivatives | 1318 | 457 |
|  |  | Provision of impairment losses due to credit loss | 15 | 11 |
|  | K BANK Co., Ltd. | Other expenses | 2 |  |
|  | Others (\*) | Interest expenses | 14016 | 18044 |
|  Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates | Fees income | 8809 |  |
|  |  | Gain on derivatives | 20410 |  |
|  |  | Other income | 3716 |  |
|  |  | Interest expenses | 1221 |  |
|  |  | Other expenses | 2513 |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | | For the years ended December 31 | For the years ended December 31 |
| Related parties | A title of account | 2025 | 2024 |
| Woori Card Co., Ltd. and its subsidiaries | Interest income | 1701 | 1635 |
|  | Fees income | 70655 | 89354 |
|  | Gain on derivatives | 1924 | 2865 |
|  | Other income | 1212 | 1119 |
|  | Interest expenses | 357 | 163 |
|  | Fees expenses | 821 | 684 |
|  | Loss on derivatives | 589 | 45027 |
|  | Provision (Reversal) of impairment losses due to credit loss | 35 | (35) |
|  | Other expenses | 7 |  |
| Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Interest income | 156 | 5 |
|  | Fees income | 3410 | 2874 |
|  | Other income |  | 1098 |
|  | Interest expenses | 138 | 108 |
|  | Fees expenses | 40 | 47 |
|  | Provision (Reversal) of impairment losses due to credit loss | 9 | (14) |
|  | Other expenses | 577 | 123 |
| ABL Life Insurance Co.,Ltd. and its subsidiaries and associates | Fees income | 8036 |  |
|  | Interest expenses | 23 |  |
|  | Provision of impairment losses due to credit loss | 70 |  |
| Woori FIS Co., Ltd. | Fees income | 355 | 681 |
|  | Other income | 8150 | 7725 |
|  | Other expenses | 135202 | 138151 |
| Woori Private Equity Asset Management Co., Ltd. and its associates | Fees income | 22 | 23 |
|  | Gain on derivatives |  | 255 |
|  | Interest expenses | 316 | 553 |
|  | Loss on derivatives | 109 | 268 |
| Woori Finance Research Institute Co., Ltd. | Fees income | 23 | 20 |
|  | Other income | 818 | 806 |
|  | Interest expenses | 62 | 78 |
| Woori Credit Information Co., Ltd. | Fees income | 95 | 91 |
|  | Other income | 447 | 765 |
|  | Interest expenses | 347 | 507 |
|  | Fees expenses | 14081 | 17249 |
| Woori Fund Service Co., Ltd. | Fees income | 51 | 51 |
|  | Other income | 295 | 384 |
|  | Interest expenses | 519 | 587 |
|  | Fees expenses | 245 | 257 |
| Woori Asset Management Co., Ltd. and its subsidiaries and associates | Fees income | 100 | 89 |
|  | Interest expenses | 84 | 25 |
| Woori Asset Trust Co., Ltd. | Fees income | 216 | 262 |
|  | Interest expenses | 3006 | 5538 |
|  | Fees expenses | 5360 | 11905 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Fees income | 4405 | 3965 |
|  | Interest expenses | 58 | 47 |
|  | Loss on derivatives |  | 6 |
|  | Provision (Reversal) of impairment losses due to credit loss | 11 | (6) |
|  | Other expenses | 5297 | 1857 |
| Woori Savings Bank | Fees income | 482 | 925 |
| Woori Venture Partners Co., Ltd. and its subsidiaries and associates | Fees income | 143 |  |
|  | Interest expenses | 1968 | 1523 |
| Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Interest income | 1672 | 9739 |
|  | Fees income | 908 | 576 |
|  | Interest expenses | 17 | 15 |
|  | Reversal of impairment losses due to credit loss | (100) | (707) |
| Woori Japan General Type Private Real Estate Feeder Investment Trust No. 1-1 and its subsidiaries | Interest income |  | 196 |
|  | Provision of impairment losses due to credit loss |  | 465 |
|  | Loss on derivatives |  | (14) |
| Godo Kaisha Oceanos No. 1 | Interest income | 354 | 702 |
|  | Provision (Reversal) of impairment losses due to credit loss | (272) | 214 |
| IGEN 2022 Private Equity Fund No. 1 | Interest expenses |  | 1 |
| Woori Zip 1 | Interest income |  | 59 |
|  | Reversal of impairment losses due to credit loss |  | (1) |
| Woori Zip 2 | Interest income |  | 84 |
|  | Reversal of impairment losses due to credit loss |  | (1) |
| Woori Japan General Type Private Real Estate Feeder Investment Trust No. 2-1 | Loss on derivatives |  | 44 |

---

(\*) Others include Partner One Value Up I Private Equity Fund, Dongwoo C & C Co., Ltd. and others as of December 31, 2025 and 2024.

------

(4) Major loan transactions with related parties for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance<br>(\*) |
|  Associates | LOTTE CARD Co., Ltd. | 27913 | 12531 | 13213 | (351) | 26880 |
|  | Korea Finance Security Co., Ltd. | 3200 | 1600 | 1400 |  | 3400 |
|  | Others | 41 |  | 41 |  |  |
|  Other related parties | Woori Card Co., Ltd. and its subsidiaries | 5880 | 14882 | 7509 | (29) | 13224 |
|  | Woori Financial F&I Co., Ltd. and its subsidiaries and associates | 4900 | 189900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194800 |  |  |
|  | Godo Kaisha Oceanos No. 1 | 38770 | 22921 | 64002 | 2311 |  |

---

(\*) Settlement payment from normal operation among the related parties were excluded, and in the case of a limited loan, it was presented as a net increase or decrease.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance<br>(\*) |
|  Associates | LOTTE CARD Co., Ltd. | 12209 | 288794 | 274484 | 1394 | 27913 |
|  | Korea Finance Security Co., Ltd. | 3197 | 2300 | 2297 |  | 3200 |
|  | Others | 41 |  |  |  | 41 |
|  Other related parties | Woori Financial Capital Co., Ltd. and its subsidiaries and associates |  | 50000 | 50000 |  |  |
|  | Woori Card Co., Ltd. and its subsidiaries | 12138 | 4632 | 11973 | 1083 | 5880 |
|  | Woori Financial F&I Co., Ltd. and its subsidiaries and associates | 165800 | 856300 | 1017200 |  | 4900 |
|  | Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-1 and its subsidiaries | 19589 |  | 19784 | 195 |  |
|  | Godo Kaisha Oceanos No. 1 | 38122 |  |  | 648 | 38770 |
|  | WOORI ZIP 1 | 11317 |  | 11227 | (90) |  |
|  | WOORI ZIP 2 | 16063 |  | 15936 | (127) |  |

---

(\*) Settlement payment from normal operation among the related parties were excluded, and in the case of a limited loan, it was presented as a net increase or decrease.

------

(5) Changes in major deposits due to customers with related parties for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment<br>and others<br>(\*2) | Ending<br>balance (\*1) |
|  Parent company | Woori Financial Group Inc. | 1274000 | 6245000 | 7054000 | 465000 |
|  Associates | W Service Networks Co., Ltd. | 1000 |  |  | 1000 |
|  | Korea Credit Bureau Co., Ltd. |  | 1000 |  | 1000 |
|  | Win Mortgage Co., Ltd. | 1387 | 3529 | 3564 | 1352 |
|  Other related parties | Woori Credit Information Co., Ltd. | 5599 | 8502 | 4002 | 10099 |
|  | Woori Fund Service Co., Ltd. | 15500 | 4000 |  | 19500 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | 2431 | 2000 | 3000 | 1431 |
|  | Woori Finance Research Institute Co., Ltd. | 800 | 8700 | 8500 | 1000 |
|  | Woori Asset Trust Co., Ltd. | 175000 | 569720 | 654720 | 90000 |
|  | Woori Private Equity Asset Management Co., Ltd. And its subsidiaries | 10000 | 87000 | 87000 | 10000 |
|  | Woori Venture Partners Co., Ltd. and its subsidiaries and associates | 76000 | 239000 | 261000 | 54000 |
|  | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates (\*3) |  | 90045 | (2505) | 92550 |
|  | ABL Life Insurance Co.,Ltd. and its subsidiaries and associates (\*3) |  | 1055 | 1000 | 55 |

---

(\*1) The details of payments made between related parties and the deposits due to customers that can be taken in and out easily are excluded.

(\*2) It includes the gain (loss) on valuation of the financial liabilities designated to be measured at FVTPL of Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates.

(\*3) It includes the transactions that occurred prior to the inclusion of the related party.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment<br>and others | Ending<br>balance (\*) |
|  Parent company | Woori Financial Group Inc. | 1354000 | 4703000 | 4783000 | 1274000 |
|  Associates | W Service Networks Co., Ltd. | 1000 | 2000 | 2000 | 1000 |
|  | Win Mortgage Co., Ltd. | 600 | 2266 | 1479 | 1387 |
|  Other related parties | Woori Credit Information Co., Ltd. | 6199 | 4500 | 5100 | 5599 |
|  | Woori Fund Service Co., Ltd. | 17000 | 15500 | 17000 | 15500 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | 2000 | 2431 | 2000 | 2431 |
|  | Woori Finance Research Institute Co., Ltd. |  | 9600 | 8800 | 800 |
|  | Woori Asset Trust Co., Ltd. | 56000 | 874816 | 755816 | 175000 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | 22000 | 114000 | 126000 | 10000 |
|  | Woori Venture Partners Co., Ltd. | 23000 | 201000 | 148000 | 76000 |

---

(\*) The details of payments made between related parties and the deposits due to customers that can be taken in and out easily are excluded.

------

(6) Major borrowing transactions with related parties for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Beginning<br>balance | Borrowing | Borrowing | Repayment | Repayment | Others | Ending<br>balance | Ending<br>balance |
|  Other related parties | Woori Card Co., Ltd. and its subsidiaries |  | 25482 |  | 312656 |  | 315405 |  |  | 22733 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Borrowing | Repayment | Others | Ending<br>balance |
|  Other related parties | Woori Card Co., Ltd. and its subsidiaries | 24002 | 282802 | 281322 |  | 25482 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | 39 | 20000 | 20039 |  |  |

---

(7) Guarantees with the related parties are as follows:

1) The amount of guarantees provided to the related parties by the Group as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

<u> Warranty</u> <u>December 31, 2025</u> <u>December 31, 2024</u> <br> LOTTE CARD Co. Ltd. Confirmed guarantees in foreign currencies 1,650 1,691

2) The amount of guarantees and unused loan commitments provided by the related parties to the Group as of December 31, 2025 and December 31, 2024 are as follows (Unit: Korean Won in millions): 

<u> Warranty</u> <u>December 31, 2025</u> <u>December 31, 2024</u> <br> Woori Card Co., Ltd. and its subsidiaries Loan commitment in local currency 149,960 122,847

------

(8) The amount of commitments of derivatives and other commitments to the related parties as of December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Warranty | December 31,<br>2025 | December 31,<br>2024 |
|  Woori Private Equity Asset Management Co., Ltd. and its associates | Derivatives |  | 9719 |
|  Woori Card Co., Ltd. and its subsidiaries | Derivatives | 293490 | 484000 |
|  | Unsettled commitment | 505356 | 500000 |
|  Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 150000 | 150000 |
|  Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 200000 | 200000 |
|  Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 150000 | 345100 |
|  Tong Yang Life Insurance Co.,Ltd. | Derivatives | 472165 |  |
|  ABL Life Insurance Co.,Ltd. | Unsettled commitment | 20000 |  |
|  Korea Finance Security Co., Ltd. | Unsettled commitment | 200 | 400 |
|  LOTTE CARD Co., Ltd. | Unsettled commitment | 478300 | 498400 |
|  | Derivatives | 440000 | 350000 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | Securities purchase commitment | 4664 | 4664 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | Securities purchase commitment | 50 | 148 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | Securities purchase commitment | 990000 | 990000 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | Securities purchase commitment | 1500 | 3000 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | Securities purchase commitment | 611 | 11379 |
|  BTS 2nd Private Equity Fund | Securities purchase commitment | 1234 | 1854 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | Securities purchase commitment | 17391 | 21639 |
|  Green ESG Growth No. 1 Private Equity Fund | Securities purchase commitment | 7048 | 19136 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | Securities purchase commitment | 14235 | 16835 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 1 | Securities purchase commitment |  | 1294 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 | Securities purchase commitment | 2480 | 2640 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 | Securities purchase commitment | 9450 | 12165 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 | Securities purchase commitment | 6794 | 6162 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | Securities purchase commitment | 10888 | 15574 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 | Securities purchase commitment | 327861 | 327861 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 | Securities purchase commitment | 386165 | 386165 |
|  Woori Private Real Estate Investment Trust No. 1 | Securities purchase commitment | 35137 | 75137 |
|  Woori Private Real Estate Investment Trust No. 5 | Securities purchase commitment | 49214 | 72712 |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-1 and its subsidiaries | Derivatives |  | 72 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 | Securities purchase commitment | 324 | 331 |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment Trust No.1 | Securities purchase commitment | 5312 | 5312 |
|  Woori Equity Investment General Type Private Investment Trust No.1 | Securities purchase commitment | 456 | 456 |
|  Woori Fund Financing General Type Private Investment Trust | Securities purchase commitment |  | 14056 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) | Securities purchase commitment | 65588 | 117236 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | Securities purchase commitment | 27103 | 30949 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | Warranty | December 31,<br>2025 | December 31,<br>2024 |
|  JC Assurance Private Equity Partnership No. 2 | Securities purchase commitment |  | 859 |
|  Woori Asset Global Partnership Fund No. 5 | Securities purchase commitment | 75000 | 97500 |
|  Woori New Growth Credit Fund 1 | Securities purchase commitment | 2044 | 23050 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | Securities purchase commitment | 551 | 5390 |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | Securities purchase commitment | 23341 | 27429 |
|  Woori General Type Private Real Estate Investment Trust No. 6 | Securities purchase commitment | 58698 | 81265 |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | Securities purchase commitment | 6958 | 7359 |
|  Synaptic Future Growth Private Equity<br> Fund I | Securities purchase commitment | 1249 | 2649 |
|  Woori Dongbu Underground Expressway General Type Private Special Asset Investment Trust | Securities purchase commitment | 14816 | 15178 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | Securities purchase commitment | 25537 | 30496 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | Securities purchase commitment | 93 | 12523 |
|  Woori Bank Partners General Type Private Investment Trust No.3 | Securities purchase commitment | 165776 | 320230 |
|  Woori Private Real Estate Investment Trust No. 7 | Securities purchase commitment | 61387 | 152541 |
|  Woori Senior Loan General Type Private Investment Trust No.3 | Securities purchase commitment | 87939 | 229008 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2(EUR) | Securities purchase commitment | 128115 | 140643 |
|  Woori Future Energy Private Special Asset Investment Trust (General) No.1 | Securities purchase commitment | 33600 | 33600 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 | Securities purchase commitment | 64844 |  |
|  Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1 | Securities purchase commitment | 3000 |  |
|  Woori Baran-Namyang Expressway Private Special Asset Investment Trust | Securities purchase commitment | 44349 |  |
|  Woori Future Co-Growth High-tech Strategic Industries Private Investment Trust | Securities purchase commitment | 130000 |  |

---

As of December 31, 2025 and 2024, the recognized provisions for guarantees and commitments are 865 million Won and 843 million Won, respectively, in relation to the guarantees provided to the related parties above.

------

(9) The details of major investment and recovery transactions with related parties for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended December 31,<br>2025 | For the year ended December 31,<br>2025 |
| The same parent company and its associates | Investment and<br>others (\*) | Recovery and<br>others (\*) |
|  Green ESG Growth NO.1 Private Equity Fund | 12088 | 2675 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust |  | 96 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | 2600 | 32019 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.1 | 691 | 5516 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.2 | 160 | 9086 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.3 | 2716 | 1174 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 |  | 2133 |
|  Woori Senior Loan Private Placement Investment Trust No. 2 |  | 70564 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | 4686 | 299 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 |  | 227137 |
|  Woori Private Real Estate Investment Trust No. 1 | 40000 | 174927 |
|  Woori Private Real Estate Investment Trust No. 5 | 23498 |  |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 |  | 13734 |
|  Woori Equity Investment General Type Private Investment Trust No.1 |  | 1666 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 |  | 4631 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 1 |  | 17727 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 2 |  | 8487 |
|  IGEN 2022 Private Equity Fund No. 1 |  | 1328 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | 3847 |  |
|  Japanese Hotel Real Estate Private Equity Fund No.2 |  | 36 |
|  Woori New Growth Credit Fund 1 |  | 14748 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | 4838 |  |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | 4088 | 3006 |
|  Woori General Type Private Real Estate Investment Trust No. 6 | 22567 |  |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | 401 |  |
|  Woori Asset Global Partnership Fund No. 5 | 22500 | 2727 |
|  Synaptic Future Growth Private Equity Fund I | 1399 | 1096 |
|  Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust | 362 |  |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | 4959 | 661 |
|  Woori General Private Equity Investment Trust 7 (Bond) |  | 41114 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) | 47998 | 229 |
|  Woori Private Real Estate Investment Trust No. 7 | 91154 |  |
|  Woori Senior Loan Private Placement Investment Trust No. 3 | 141069 | 19405 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2 (EUR) | 26703 |  |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 | 25156 | 151 |
|  Woori Real Estate Blind Investment Private Placement Trust No.1 | 17500 |  |
|  Woori Top-Class Senior Junior Private Placement Investment Trust | 114939 | 16876 |
|  Woori Eugene Energy Link Private Equity Fund | 5000 |  |
|  Woori IMM Green Net Zero General type Private Special Asset Investment Trust | 5859 |  |
|  Woori Senior Loan Private Placement Investment Trust No.1 |  | 4448 |
|  Woori General Private Equity Investment Trust 8 | 40000 |  |
|  Woori NH Co-Growth Private Equity Fund I | 4576 |  |

---

(\*) Investment and recovery transactions of associates are described in Note 13.(2).

------

---

| | | |
|:---|:---|:---|
|  | For the year ended December 31,<br>2024 | For the year ended December 31,<br>2024 |
| The same parent company and its associates | Investment and<br>others (\*) | Recovery and<br>others (\*) |
|  Green ESG Growth NO.1 Private Equity Fund | 5128 | 5813 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust | 13099 | 7 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | 48491 | 36104 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.1 | 9918 | 12956 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.2 | 15625 | 18755 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.3 | 4835 | 726 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 | 2897 | 1065 |
|  Woori Senior Loan Private Placement Investment Trust No. 2 | 228019 | 215818 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | 16792 |  |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 | 4591 |  |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 | 45061 |  |
|  Woori Private Real Estate Investment Trust No. 1 | 12026 | 25501 |
|  Woori Private Real Estate Investment Trust No. 2 | 19662 | 19590 |
|  Woori Private Real Estate Investment Trust No. 5 | 34046 |  |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-2 | 16335 | 19514 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 | 87028 | 79930 |
|  Woori Policy-Type New Deal (Infra Investment) Private Placement Investment Trust No.1 | 14744 | 18726 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 | 27300 |  |
|  Dream Company Growth no.1 PEF |  | 4510 |
|  Midas No. 8 Private Equity Joint Venture Company |  | 119 |
|  Synaptic Green No.1 PEF | 5000 | 4780 |
|  IGEN 2022 Private Equity Fund No. 1 | 4600 | 5026 |
|  Woori Senior Loan Private Placement Investment Trust No. 1 | 63348 | 117541 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | 3487 | 25 |
|  Woori Safe Plus General Type Private Investment Trust S-8(Bond) |  | 10327 |
|  Woori General Private Equity Investment Trust 1 (Bond) |  | 51672 |
|  Woori General Private Equity Investment Trust 2 (Bond) |  | 30821 |
|  Japanese Hotel Real Estate Private Equity Fund No.2 | 6347 | 5382 |
|  Woori New Growth Credit Fund 1 | 26950 | 25194 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | 3257 |  |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | 843 |  |
|  Woori General Type Private Real Estate Investment Trust No. 6 | 194675 | 3132 |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | 1335 |  |
|  Woori General Private Equity Investment Trust 3 (Bond) |  | 60398 |
|  Woori Asset Global Partnership Fund No. 5 | 30000 |  |
|  Synaptic Future Growth Private Equity Fund I | 7401 | 7976 |
|  Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust | 2022 |  |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | 17851 | 8660 |
|  Woori Short Term Government and Special Bank Bond Active ETF |  | 12287 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | 37477 | 274 |
|  Woori General Private Equity Investment Trust 5 (Bond) | 60000 |  |
|  Woori Big Satisfaction Private 3(Bond) | 10000 |  |
|  Woori General Private Equity Investment Trust 6 (Bond) | 40000 |  |
|  Woorinara New Growth TOP 20 Securities Investment Trust No. 1 (Stocks) | 1000 | 1000 |
|  Woori Big Satisfaction Money Market Fund 1 (Government & Agency Bonds) | 700666 | 1254670 |
|  Woori Korea Ultra Short-term Bond Securities Investment Trust (Bond) | 50000 | 50000 |
|  Woori General Private Equity Investment Trust 7 (Bond) | 40000 |  |
|  Woori Fund Financing General Type Private Investment Trust | 134945 | 15281 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) | 28882 | 428 |
|  Woori Private Real Estate Investment Trust No. 7 | 47459 | 180 |
|  Woori Senior Loan Private Placement Investment Trust No. 3 | 70992 |  |
|  Woori Smart General Private Equity Investment Trust No.1 (Bond) | 40000 |  |
|  Woori Real Estate Investment No. 1 Limited Liability Company | 10000 |  |

---

(\*) Investment and recovery transactions of associates are described in Note 13.(2).

------

(10) Compensation to key management is as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Short-term employee benefits | 11943 | 14655 |
|  Share-based payment | 12141 | 7569 |
|  Retirement benefit service costs | 431 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24515 | 23057 |

---

Key management includes registered executives and non-registered executives. Outstanding assets from transactions with key management amount to 3,203 million Won and 3,523 million Won, as of December 31, 2025 and 2024, respectively. Also, liabilities from transaction with key management amount to 11,562 million Won and 69,372 million Won, respectively, as of December 31, 2025 and 2024.

(11) The Group, Woori Card Co., Ltd. and its subsidiaries are liable to jointly reimburse the Group's debts
before the split.

(12) During the year ended December 31, 2025, Woori Investment Securities Co., Ltd. underwrote
40,000 million Won of bonds issued by the Group and sold the entire underwritten amount on the issuance date. During the year ended December 31, 2024, Woori Investment Securities Co., Ltd. underwrote 40,000 million Won of hybrid
securities issued by the Group and sold the entire underwritten amount on the issuance date.

(13) The Group purchased and sold the bonds of 500,000 million Won and 440,000 million Won, respectively,
through Woori Investment Securities Co., Ltd. during the year ended December 31, 2025. In addition, the Group sold the bonds of 80,000 million Won through Tong Yang Life Insurance Co., Ltd.

(14) As of December 31, 2025, the plan assets deposited in the defined benefit (DB) retirement pension plan
managed and administered by Tong Yang Life Insurance Co., Ltd. amount to 266,169 million Won.

------

**46.** **TRUST ACCOUNTS** 

(1) Trust accounts of the Group as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total assets | Total assets | Operating income | Operating income |
|  | | | For the years ended December 31 | For the years ended December 31 |
|  |<br>December 31, 2025 |<br>December 31, 2024 | 2025 | 2024 |
|  Trust accounts | 94330961 | 85894740 | 3043016 | 2544969 |

---

(2) Receivables and payables from the transactions between the Group and trust accounts as of December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Receivables |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust fees receivables | 48172 | 46273 |
|  Payables |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 119733 | 265364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from trust accounts | 6047905 | 5214906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6167638 | 5480270 |

---

(3) Significant transactions between the Group and trust accounts for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust fees | 180515 | 156911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination fees | 19249 | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 199764 | 160256 |
|  Expense: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest expenses on deposits due to customers | 791 | 955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest expenses on borrowings from trust accounts | 126767 | 148498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 127558 | 149453 |

---

------

(4) Principal guaranteed trusts and principal and interest guaranteed trusts

As of December 31, 2025 and 2024, the carrying of principal guaranteed trusts and principal and interest guaranteed trusts are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Partial principal guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household money | 7456 | 7823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate money | 193 | 189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Installment plan purpose | 1465 | 1544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 9114 | 9556 |
|  Principal guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Old-age pension trusts | 2455 | 2450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal pension trusts | 369257 | 399860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension trusts | 542034 | 592533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement trusts | 26043 | 26159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New personal pension trusts | 5579 | 6084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New old-age pension trusts | 753 | 815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 946121 | 1027901 |
|  Principal and interest guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development trusts | 19 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unspecified money trusts | 333 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 352 | 353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 955587 | 1037810 |

---

**47.** **LEASES** 

(1) The future lease payments under the lease contracts as of December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Lease payments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Within one year | 167128 | 168195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After one year but within five years | 255895 | 262872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After five years | 19382 | 50353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 442405 | 481420 |

---

(2) Total cash outflows from lease for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

<u>For the year ended<br>December 31, 2025</u> <u>For the year ended<br>December 31, 2024</u> <br> Cash outflows for leases 210,536 213,326

(3) There are no lease payments that are not included in the measurement of lease liabilities due to the fact that
they are short-term leases or leases for which the underlying asset is low value for the years ended December 31, 2025 and 2024. The variable lease fee not included in the measurement of lease liability for the years ended December 31,
2025 and 2024 are 32,530 million Won and 24,373 million Won, respectively.

**48.** **EVENT AFTER THE REPORTING PERIOD** 

In January, 2026, the Group decided to implement a voluntary retirement program through labor-management agreement. As a result, the termination benefits to be recognized by the Group in the first quarter of 2026 amount to 181,305 million Won.

## Exhibit 99.2

**Exhibit 99.2**![LOGO](g26823untitled.jpg)

**WOORI BANK** 

**SEPARATE FINANCIAL STATEMENTS** 

**AS OF AND FOR THE YEARS ENDED** 

**DECEMBER 31, 2025 and 2024** 

------

**WOORI BANK** 

---

| | |
|:---|:---|
|  | **Page(s)** |
|  [**INDEPENDENT AUDITORS' REPORT**](#ex99_2toc26823_1) | 1-3 |
|  **Separate Financial Statements** |  |
|  [Separate Statements of Financial Position](#ex99_2toc26823_2) | 5-6 |
|  [Separate Statements of Comprehensive Income](#ex99_2toc26823_3) | 7 |
|  [Separate Statements of Changes in Equity](#ex99_2toc26823_4) | 8 |
|  [Separate Statements of Cash Flows](#ex99_2toc26823_5) | 9-10 |
|  [**Notes to the Separate Financial Statements**](#ex99_2toc26823_6) | 11-157 |
|  [**Independent Auditors' Review Report on Internal Control over Financial Reporting**](#ex99_2toc26823_7) | 158 |

---

------

**INDEPENDENT AUDITORS' REPORT** 

(Based on a report originally issued in Korean)

The Board of Directors and Shareholder of

Woori Bank

***Opinion***

We have audited the separate financial statements of Woori Bank (the "Bank"), which comprise the separate statement of financial position as of December 31, 2025 and 2024, the separate statements of comprehensive income, changes in equity and cash flows for the years then ended, and notes, comprising of material accounting policy information and other explanatory information.

In our opinion, the accompanying separate financial statements present fairly, in all material respects, the separate financial position of the Bank as of December 31, 2025 and 2024, and its separate financial performance and its separate cash flows for the years then ended in accordance with Korean International Financial Reporting Standards ("K-IFRS").

***Basis for Opinion***

We conducted our audits in accordance with Korean Standards on Auditing ("KSAs"). Our responsibilities under those standards are further described in the *Auditors' Responsibilities for the Audit of the Separate Financial Statements* section of our report. We are independent of the Bank in accordance with the ethical requirements that are relevant to our audit of the separate financial statements in the Republic of Korea and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

***Other Matter***

The procedures and practices utilized in the Republic of Korea to audit such separate financial statements may differ from those generally accepted and applied in other countries.

***Responsibilities of Management and Those Charged with Governance for the Separate Financial Statements***

Management is responsible for the preparation and fair presentation of the separate financial statements in accordance with K-IFRS, and for such internal control as management

determines is necessary to enable the preparation of the separate financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the separate financial statements, management is responsible for assessing the Bank's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Bank's financial reporting process.

------

***Auditors' Responsibilities for the Audit of the Separate Financial Statements***

Our objectives are to obtain reasonable assurance about whether the separate financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with KSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these separate financial statements.

As part of an audit in accordance with KSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the separate financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Bank's internal control.

• Evaluate the appropriateness of accounting policies used in the preparation of the separate financial statements
and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Bank's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditors' report to the related disclosures in the separate financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to
the date of our auditors' report. However, future events or conditions may cause the Bank to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the separate financial statements, including the
disclosures, and whether the separate financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

------

/s/ KPMG Samjong Accounting corp.

Seoul, Korea

March 3, 2026

This report is effective as of March 3, 2026, the audit report date. Certain subsequent events or circumstances, which may occur between the audit report date and the time of reading this report, could have a material impact on the accompanying separate financial statements and notes thereto. Accordingly, the readers of the audit report should understand that the above audit report has not been updated to reflect the impact of such subsequent events or circumstances, if any.

------

**WOORI BANK** 

SEPARATE FINANCIAL STATEMENTS

AS OF AND FOR THE YEARS ENDED

DECEMBER 31, 2025 AND 2024

The accompanying separate financial statements including all footnote disclosures were prepared

by and are the responsibility of, the management of Woori Bank.

**Jin Wan Jung** 

**President and Chief Executive Officer** 

Main Office Address: (Road Name Address) 51, Sogong-ro, Jung-gu, Seoul

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Phone Number) 02-2002-3000

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF FINANCIAL POSITION** 

**AS OF DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **December 31,<br>2025** | **December 31,<br>2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
|  **ASSETS** |  |  |
|  Cash and cash equivalents (Notes 4, 6 and 45) | 35070209 | 23772681 |
|  Financial assets at fair value through profit or loss ("FVTPL") (Notes 4, 7, 11, 12, 18, 26 and 45) | 22126764 | 25420003 |
|  Financial assets at fair value through other comprehensive income ("FVTOCI") (Notes 4, 8, 11, 12 and 18) | 47136304 | 42307565 |
|  Securities at amortized cost (Notes 4, 9, 11 and 18) | 18445064 | 18719264 |
|  Loans and other financial assets at amortized cost (Notes 4, 10, 11, 12, 18 and 45) | 348003249 | 342465297 |
|  Investments in subsidiaries and associates (Note 13) | 4445482 | 4422532 |
|  Investment properties (Note 14) | 429551 | 455621 |
|  Properties and equipment (Note 15) | 2760879 | 2812324 |
|  Intangible assets (Note 16) | 364984 | 365004 |
|  Assets held for sale (Note 17) | 125068 | 31266 |
|  Current tax assets (Note 42) | 26747 | 33122 |
|  Derivative assets (Designated for hedging) (Notes 4, 11, 12, 26 and 45) | 37010 | 10102 |
|  Net defined benefit assets (Note 24) | 160337 | 137916 |
|  Other assets (Notes 19 and 45) | 317090 | 272126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total assets | 479448738 | 461224823 |
| **LIABILITIES** |  |  |
|  Financial liabilities at FVTPL (Notes 4, 11, 12, 20, 26 and 45) | 5998588 | 9746647 |
|  Deposits due to customers (Notes 4, 11, 21 and 45) | 355117074 | 347165137 |
|  Borrowings (Notes 4, 11, 12, 22 and 45) | 26056653 | 21887868 |
|  Debentures (Notes 4, 11 and 22) | 28535472 | 25530318 |
|  Provisions (Notes 23, 44 and 45) | 638047 | 531131 |
|  Current tax liabilities (Note 42) | 676845 | 76361 |
|  Deferred tax liabilities (Note 42) | 478169 | 777072 |
|  Derivative liabilities (Designated for hedging) (Notes 4, 11, 12, 26 and 45) | 27050 | 102634 |
|  Other financial liabilities (Notes 4, 11, 12, 25 and 45) | 34134277 | 28449451 |
|  Other liabilities (Notes 25 and 45) | 256839 | 230894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 451919014 | 434497513 |

---

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF FINANCIAL POSITION** 

**AS OF DECEMBER 31, 2025, AND 2024 (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **December 31,<br>2025** | **December 31,<br>2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
|  **EQUITY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Share capital (Note 28) | 3581392 | 3581392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hybrid securities (Note 29) | 1406513 | 1645947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital surplus (Note 28) | 1068420 | 1068420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other equity (Note 30) | (78910) | (55215) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings (Notes 31 and 32) | 21552309 | 20486766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Regulatory reserve for credit loss) | (1952942) | (1767408) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Regulatory reserve for credit loss to be reversed (provisioned for)) | (224576) | (185534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Planned reversal of (provision for) regulatory reserve for credit loss) | (224576) | (185534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total equity | 27529724 | 26727310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and equity | 479448738 | 461224823 |

---

The accompanying notes are part of these separate financial statements.

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF COMPREHENSIVE INCOME** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | **(Korean Won in millions, except for per share data)** | **(Korean Won in millions, except for per share data)** |
|  Interest income | 6954521 | 6741783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 16390014 | 17982378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 111864 | 120688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at amortized cost | 1227532 | 1227748 |
|  Interest expense | (15050618) | (16633942) |
|  **Net interest income** (Notes 11, 34 and 45) | 6954521 | 6741783 |
|  Fees and commissions income | 1163844 | 1153366 |
|  Fees and commissions expense | (200068) | (180203) |
|  **Net fees and commissions income** (Notes 11, 35 and 45) | 963776 | 973163 |
|  Dividend income (Notes 11, 36 and 45) | 454618 | 457409 |
|  Net gain on financial instruments at FVTPL (Notes 11, 37 and 45) | 307917 | 1509161 |
|  Net gain on financial assets at FVTOCI (Notes 11 and 38) | 137515 | 92107 |
|  Net gain on financial assets at amortized cost (Note 11) | 28187 | 165192 |
|  Net gain on disposals of loans and other financial assets at amortized cost | 28187 | 165192 |
|  Provision for expected credit loss allowance (Notes 11, 39 and 45) | (827120) | (698265) |
|  General and administrative expenses (Notes 40 and 45) | (3857462) | (3327224) |
|  Other net operating income (expenses), net (Notes 40 and 45) | (722417) | (2219561) |
|  **Operating income** | 3439535 | 3693765 |
|  Impairment loss on investments in subsidiaries and associates (Note 13) | (5368) | (2386) |
|  Other non-operating expenses | (125566) | (28840) |
|  **Non-operating expenses** (Notes 13 and 41) | (130934) | (31226) |
|  **Net income before income tax expense** | 3308601 | 3662539 |
|  **Income tax expense** (Note 42) | (749741) | (867987) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income (Net income after the provision of regulatory reserve for credit loss for the years ended December 31, 2025 and 2024 are 2,334,284 million Won and 2,609,018 million Won, respectively) (Note 32) | 2558860 | 2794552 |
|  Net gain (loss) on valuation of equity securities at FVTOCI | 116265 | (142223) |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL | (74) | 1348 |
|  Remeasurement loss related to defined benefit plan | (20877) | (57385) |
|  **Items that will not be reclassified to profit or loss** | 95314 | (198260) |
|  Net gain (loss) on valuation of debt securities at FVTOCI | (163461) | 172040 |
|  Gain (loss) on foreign currency translation of foreign operations | (9168) | 33520 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | 2377 | (12217) |
|  **Items that may be reclassified to profit or loss** | (170252) | 193343 |
|  **Other comprehensive income (loss), net of tax** (Note 30) | (74938) | (4917) |
|  **Total comprehensive income** | 2483922 | 2789635 |
|  **Earnings per share** (Note 43) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic and diluted earnings per share (Unit: In Korean Won) | 3449 | 3797 |

---

The accompanying notes are part of these separate financial statements.

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF CHANGES IN EQUITY** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Capital**<br>**stock** | **Hybrid<br>securities** | **Capital**<br>**surplus** | **Other**<br>**equity** | **Retained<br>earnings** | **Total**<br>**equity** |
|  | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) | (Korean Won in millions) |
|  **January 1, 2024** | 3581392 | 1546447 | 1068420 | 51880 | 18848614 | 25096753 |
|  Net income |  |  |  |  | 2794552 | 2794552 |
|  Dividends on common stocks |  |  |  |  | (1131996) | (1131996) |
|  Net gain on changes in credit risk of financial liabilities designated to be measured at FVTPL |  |  |  | 1348 |  | 1348 |
|  Net gain on valuation of financial assets at FVTOCI |  |  |  | 29817 |  | 29817 |
|  Net gain (loss) due to disposal of financial assets at FVTOCI |  |  |  | (53539) | 53539 |  |
|  Gain on foreign currency translation of foreign operations |  |  |  | 33520 |  | 33520 |
|  Loss on evaluation of hedges of net investment in foreign operations |  |  |  | (12217) |  | (12217) |
|  Remeasurement loss related to defined benefit plan |  |  |  | (57385) |  | (57385) |
|  Appropriation of retained earnings |  |  |  | 1694 | (1694) |  |
|  Business combination under the common control |  |  |  | (590) |  | (590) |
|  Dividends on hybrid securities |  |  |  |  | (76249) | (76249) |
|  Issuance of hybrid securities |  | 757970 |  |  |  | 757970 |
|  Redemption of hybrid securities |  | (658470) |  | (49743) |  | (708213) |
|  **December 31, 2024** | 3581392 | 1645947 | 1068420 | (55215) | 20486766 | 26727310 |
|  **January 1, 2025** | 3581392 | 1645947 | 1068420 | (55215) | 20486766 | 26727310 |
|  Net income |  |  |  |  | 2558860 | 2558860 |
|  Dividends to common stocks |  |  |  |  | (1352524) | (1352524) |
|  Net loss on changes in credit risk of financial liabilities designated to be measured at FVTPL |  |  |  | (74) |  | (74) |
|  Net loss on valuation of financial assets at FVTOCI |  |  |  | (47196) |  | (47196) |
|  Net gain (loss) on disposal of financial assets at FVTOCI |  |  |  | 1326 | (1326) |  |
|  Loss on foreign currency translation of foreign operations |  |  |  | (9168) |  | (9168) |
|  Gain on evaluation of hedge of net investment in foreign operations |  |  |  | 2377 |  | 2377 |
|  Remeasurement loss related to defined benefit plan |  |  |  | (20877) |  | (20877) |
|  Appropriation of retained earnings |  |  |  | 50333 | (50333) |  |
|  Dividends to hybrid securities |  |  |  |  | (89134) | (89134) |
|  Redemption of hybrid securities |  | (239434) |  | (416) |  | (239850) |
|  **December 31, 2025** | 3581392 | 1406513 | 1068420 | (78910) | 21552309 | 27529724 |

---

The accompanying notes are part of these separate financial statements.

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF CASH FLOWS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
|  **Cash flows from operating activities:** |  |  |
|  Net income | 2558860 | 2794552 |
|  Adjustments: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax expense | 749741 | 867987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | (16390014) | (17982378) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | 9435493 | 11240595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend income | (497805) | (530748) |
|  | (6702585) | (6404544) |
|  **Additions of expenses not involving cash outflows:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on financial assets at FVTOCI | 4497 | 4583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for expected credit loss allowance | 827120 | 698265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment losses on investments in subsidiaries and associates | 5368 | 2386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on derivatives (designated for hedging) | 9532 | 24252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on fair value hedge | 92138 | 64571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on other provisions | 103671 | 40605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefits | 154041 | 109088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 415905 | 387730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on disposal of properties and equipment, intangible asset and other assets | 1379 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss on properties and equipment, intangible asset and other assets | 360 | 217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on foreign currency translation |  | 1181071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other losses |  | 10888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses |  | 8627 |
|  | 1614011 | 2533718 |
|  **Deductions of incomes not involving cash inflows:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial instruments at FVTPL | 509909 | 1266813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on financial assets at FVTOCI | 142012 | 96690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of investments in subsidiaries and associates |  | 12609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on derivatives (designated for hedging) | 102915 | 40843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on fair value hedge | 12013 | 25469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain related to other provisions | 39 | 2752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of properties and equipment, intangible assets and other assets | 6177 | 337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of impairment loss on properties and equipment, intangible asset and other assets | 300 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on disposal of assets held for sale | 33598 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation | 278740 |  |
|  | 1085703 | 1445513 |
|  **Changes in operating assets and liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial instruments at FVTPL | 1171785 | 907516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | (6893012) | (19333275) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (48826) | (8198) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 11849990 | 4413557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions | (11147) | (209556) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net defined benefit liability | (206752) | (103436) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities | 2898763 | 4631721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 30034 | (5974) |
|  | 8790835 | (9707645) |

---

------

**WOORI BANK** 

**SEPARATE STATEMENTS OF CASH FLOWS** 

**FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024 (CONTINUED)** 

---

| | | |
|:---|:---|:---|
|  | **For the years ended**<br>**December 31** | **For the years ended**<br>**December 31** |
|  | **2025** | **2024** |
|  | (Korean Won in millions) | (Korean Won in millions) |
|  **Cash received (paid) from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income received | 16266227 | 18178160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense paid | (9739921) | (10742146) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends received | 497805 | 530748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income tax paid | (413201) | (297011) |
|  Net cash inflow (outflow) from operating activities | 11786328 | (4559681) |
|  **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial instruments at FVTPL | 19593569 | 13414415 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial instruments at FVTPL | (20687433) | (13410068) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of financial assets at FVTOCI | 30394302 | 25622712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of financial assets at FVTOCI | (35167708) | (30557886) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of securities at amortized cost | 5525516 | 7616152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of securities at amortized cost | (5149914) | (2494615) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of investments in subsidiaries and associates | 29360 | 33161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of investments in subsidiaries and associates | (57679) | (710964) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of properties and equipment | 34274 | 129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of properties and equipment | (258276) | (166448) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of intangible assets | 2754 | 613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition of intangible assets | (126932) | (134379) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal of assets held for sale | 82411 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase in other assets | 37954 | 18348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business combination under common control |  | 2627 |
|  Net cash outflow from investing activities | (5747802) | (766203) |
|  **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase of derivatives (designated for hedging) | (9109) | (25442) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) in borrowings | 4466273 | (1327778) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of debentures | 12702236 | 16756011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of debentures | (9793897) | (13378345) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of lease liabilities | (171528) | (171368) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease of other liabilities | (51) | (17690) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to common stocks | (1352524) | (1131996) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Issuance of hybrid securities |  | 757970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redemption of hybrid securities | (240000) | (726055) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends paid to hybrid securities | (89134) | (76249) |
|  Net cash inflow from financing activities | 5512266 | 659058 |
|  Effects of exchange rate changes on cash and cash equivalents | (253264) | 1373399 |
|  **Net increase (decrease) in cash and cash equivalents** | 11297528 | (3293427) |
|  **Cash and cash equivalents, the beginning of the year** | **23772681** | **27066108** |
|  **Cash and cash equivalents, the end of the year** (Note 6) | **35070209** | **23772681** |

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The accompanying notes are part of these separate financial statements.

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**WOORI BANK** 

**NOTES TO THE SEPARATE FINANCIAL STATEMENTS** 

**AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024** 

**1.** **GENERAL** 

(1) Summary of the Company

Woori Bank (the "Bank") was established in 1899 and is engaged in the commercial banking business under the Banking Act, trust business and foreign exchange business under the Financial Investment Services and Capital Market Act (the "Capital Market Act").

As of December 31, 2025, the Bank's shares are wholly owned by Woori Financial Group Inc. ("Woori Financial Group") which was established in accordance with the Financial Holding Companies Act on January 11, 2019. The Bank has 716 million shares and common stocks amounting to 3,581,392 million Won.

The headquarters of the Bank is located at 51, Sogong-ro, Jung-gu, Seoul, Korea. The Bank has 656 branches and offices in Korea, and 16 branches, 8 branch offices and 4 offices overseas as of December 31, 2025.

**2.** **BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES** 

(1) Basis of preparation

The Bank maintains its accounting records in Korean Won and prepares statutory financial statements in the Korean language (Hangul) in accordance with International Financial Reporting Standards as adopted by the Republic of Korea (K-IFRS). The accompanying separate financial statements have been restructured and translated into English from the Korean language financial statements.

Certain information attached to the Korean language financial statements, but not required for a fair presentation of the Bank's financial position, financial performance or cash flows, is not presented in the accompanying separate financial statements.

The separate financial statements of the Bank have been prepared in accordance with K-IFRS. These are the standards, subsequent amendments and related interpretations issued by the International Accounting Standards Board (IASB) that have been adopted by the Republic of Korea.

The material accounting policies applied in the preparation of financial statements are stated below, and the accounting policies applied are identical to ones used in the preparation of previous period's financial statements, except for the effects of adopting new standards or interpretations as explained below.

The financial statements are prepared at the end of each reporting period on the historical cost basis, except for certain non-current assets and financial assets that are either revalued or measured in fair value. Historical cost is generally measured at the fair value of consideration given to acquire assets.

Meanwhile, the financial statements of the Bank were initially approved by the Board of Directors on February 5, 2026, subsequently amended and approved on February 27, 2026, and are scheduled be approved at the annual shareholder's meeting on March 20, 2026.

1) From the accounting period beginning on January 1, 2025, the Bank has newly applied the following amendments and interpretations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*i)* Amendments to K-IFRS No.1021 *  ' The Effects of Changes in Foreign Exchange Rates '*  and K-IFRS No.1101 *  ' First-time Adoption of International Financial Reporting Standards '*  – Lack
of Exchangeability

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When an entity estimates a spot exchange rate because exchangeability between two currencies is lacking, the entity shall disclose related information. The amendments do not have a significant impact on the separate financial statements.

2) The details of K-IFRS that have been issued and published as of January 1, 2025 but have not yet reached the effective date, and which the Bank has not applied at an earlier date are as follows :

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*i)* Amendments to K-IFRS No.1109 *'Financial Instruments',* K-IFRS No.1107 *'Financial Instruments: Disclosures'* 

When an entity K-IFRS No.1109 '*Financial Instruments'* and K-IFRS No.1107 '*Financial Instruments: Disclosures'* have been amended to respond to recent questions arising in practice, and to include new requirements. The amendments should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Bank is in review for the impact of these amendments on the financial statements. These amendments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• permit to deem the financial liability to be settled (discharged) through an electronic payment system before the
settlement date in cases of meeting certain conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• clarify and add further guidance for assessing whether a financial asset meets the solely payments of principal
and interest (SPPI) criterion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• add new disclosures of impact on the entity and the extent to which the entity is exposed for each class of
financial instruments if the timing or amount of contractual cash flow changes due to amendment of contract term; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• update the disclosures for equity instruments designated at fair value through other comprehensive income
(FVTOCI).

ii) Annual Improvements to K-IFRS

Annual Improvements to K-IFRS should be applied for annual periods beginning on or after January 1, 2026, and earlier application is permitted. The Bank is in review for the impact of these amendments on the financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1101 ' *First-time Adoption of International Financial Reporting Standards': Hedge accounting by a first-time adopter* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1107 ' *Financial Instruments: Disclosures': Gain or loss on derecognition and implementation guidance* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1109 ' *Financial Instruments': Derecognition of lease liabilities and definition of transaction price* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1110 ' *Consolidated Financial Statements': Determination of a 'de facto agent'* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• K-IFRS No.1007 ' *Statement of Cash Flows': Cost method* 

iii) Standards to K-IFRS No.1118 *'Presentation and Disclosure in Financial Statements'*

K-IFRS No.1118 '*Presentation and Disclosure in Financial Statements'* replaces K-IFRS No.1001 '*Presentation of Financial Statements'*. The new presentation requirements introduced in K-IFRS No.1118 will increase the comparability of the financial performance of similar entities, especially with respect to how 'operating profit or loss' is defined. The new disclosure requirements for 'management-defined performance measures' will enhance transparency. The amendments should be applied for annual periods beginning on or after January 1, 2027, and earlier application is permitted. In accordance with the retrospective application requirements, comparative information for the year ended December 31, 2026, shall be restated under K-IFRS No.1118 .

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The Bank has not yet adopted K-IFRS No.1118 and is in the process of determining the impact of its adoption. The Bank has prepared a transition plan and is on track to report its first K-IFRS No.1118 -compliant interim financial statements for the period ending March 31, 2027 and annual financial statements for the period ending December 31, 2027.

Management is currently reviewing the impact of adopting K-IFRS No.1118 on the Bank's financial statements. While the adoption of the new standard is not expected to affect the Bank's net profit or loss, it will require revenues and expenses in the statement of profit or loss to be classified into new categories, consequently affecting the calculation and presentation of operating profit.

(2) Business combinations

Acquisitions of subsidiaries and businesses are accounted for using the acquisition method. The consideration transferred in a business combination is measured as the sum of the acquisition-date fair values of the assets transferred by the Bank in exchange for control of the acquiree, liabilities assumed by the Bank and the equity interests issued by the Bank. Acquisition-related costs are generally recognized in profit or loss as incurred.

At the acquisition date, the acquiree's identifiable assets, liabilities and contingent liabilities are recognized at their fair value, except that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• deferred tax assets or liabilities and assets or liabilities related to employee benefit arrangements are
recognized and measured in accordance with K-IFRS No.1012 ' *Income Taxes* ' and K-IFRS No.1019 ' *Employee Benefits* ', respectively;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• liabilities or equity instruments related to share-based payment arrangements of the acquiree or share-based
payment arrangements of the Bank entered into to replace share-based payment arrangements of the acquiree are measured in accordance with K-IFRS No.1102 ' *Share-based Payment* ' at the
acquisition date; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• non-current assets (or disposal groups) that are classified as held for
sale in accordance with K-IFRS No.1105 ' *Non-current Assets Held for Sale and Discontinued Operations* ' are measured at the lower of their previous
carrying amounts and fair value less costs to sell.

Any excess of the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of the Bank's previously held equity interest (if any) in the acquiree over the net of identifiable assets and liabilities assumed of the acquiree at the acquisition date is recognized as goodwill which is included in intangible assets.

If, after reassessment, the Bank's interest in the fair value of the acquiree's identifiable net assets exceeds the sum of the consideration transferred, the amount of any non-controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any), the excess is recognized immediately in net income (or other comprehensive income, if applicable) identical to the treatment assuming interests are sold directly.

Non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the entity's net assets in the event of liquidation may be initially measured either at fair value or at the non-controlling interests' proportionate share of the recognized amounts of the acquiree's identifiable net assets. The choice of measurement basis is made on a transaction-by-transaction basis. Other types of non-controlling interests are measured at fair value or, when applicable.

When the consideration transferred by the Bank in a business combination includes assets or liabilities resulting from a contingent consideration arrangement, the contingent consideration is measured at its acquisition-date fair value and included as part of the consideration transferred in a business combination. Changes in the fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments against goodwill. Measurement period adjustments are adjustments that arise from additional information obtained during the 'measurement period' (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date.

The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent

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consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Contingent consideration other than the above is remeasured at subsequent reporting dates as appropriate, with the corresponding gain or loss being recognized in profit or loss.

When a business combination is achieved in stages, the Bank's previously held equity interest in the acquiree is remeasured at fair value at the acquisition date (i.e., the date when the Bank obtains control) and the resulting gain or loss, if any, is recognized in net income (or other comprehensive income, if applicable). Amounts arising from changes in value of interests in the acquiree prior to the acquisition date that have previously been recognized in other comprehensive income are recognized, identical to the treatment assuming interests are sold directly.

In cases where i) a common entity ultimately controls over all participating entities, or businesses, in a business combination transaction, prior to and after the transaction continuously, and ii) the control is not temporary, the transaction meets the definition of "business combination under common control" and it is deemed that the transaction only results in the changes in legal substance, and not economic substance, from the perspective of the ultimate controlling party. Thus, in such transactions, the acquirer recognizes the assets and liabilities of the acquiree in its financial statements at the book values as recognized in the ultimate controlling party's consolidated financial statements, and the difference between the book value of consideration transferred to and the book value of net assets transferred in is recognized as equity.

(3) Investment in joint operation

A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the assets, and obligations for the liabilities, relating to the arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.

When the Bank operates as a joint operator, it recognizes in relation to its interest in a joint operation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its assets, including its share of any assets held jointly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its liabilities, including its share of any liabilities incurred jointly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its revenue from the sale of its share of the output arising from the joint operation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its share of the revenue from the sale of the output by the joint operation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• its expenses, including its share of any expenses incurred jointly.

The Bank accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with K-IFRS applicable to the particular assets, liabilities, revenues and expenses.

When a bank that is a joint operator engages in transactions such as selling or contributing assets to the joint operation, the transaction is regarded as one conducted with the other parties to the joint operation. Accordingly, the bank recognizes the resulting gains or losses only to the extent of the other parties' interests.

When the Bank enters into a transaction with a joint operation in which it is a joint operator, such as a purchase of assets, it does not recognize proportional share of profit or loss until the asset is sold to a third party.

(4) Revenue recognition

K-IFRS No.1115 requires the recognition of revenues based on transaction price allocated to the performance obligation when or as the Bank performs that obligation to the customer. Revenues other than those from contracts with customers, such as interest revenue and loan origination fee (cost), are measured through effective interest rate method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Revenue from contracts with customers

The Bank recognizes revenue when the Bank satisfies a performance obligation by transferring a promised good or service to a customer. When a performance obligation is satisfied, the Bank recognizes as a revenue the amount of the transaction price that is allocated to that performance obligation. The transaction price is the amount of consideration to which the Bank expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.

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The Bank recognizes revenue by major sources as shown below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① *Fees and commission received for brokerage* 

The fees and commission received for brokerage are the amount of consideration or fee expected to be entitled to receive in return for providing goods or services to the other parties with the Bank acting as an agency, such as in the case of sales of bancassurance and beneficiary certificates. The majority of these fees and commission received for brokerage are from the business activities relevant to Consumer banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② *Fees and commission received related to credit* 

The fees and commission received related to credit mainly include the lending fees received from the loan activity and the fees received in the L/C transactions. Except for the fees and commission accounted for in calculating the effective interest rate, it is generally recognized when the performance obligation has been performed. The majority of these fees and commission received related to credit are from the business activities relevant to Consumer banking and Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ *Fees and commission received for electronic finance* 

The fees and commission received for electronic finance include fees received in return for providing various kinds of electronic financial services through firm-banking and CMS. These fees are recognized as revenue immediately upon the completion of services. The majority of these fees and commission received for electronic finance are from the business activities relevant to Consumer banking and Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ *Fees and commission received on foreign exchange handling* 

The fees and commission received on foreign exchange handling consist of various fees incurred when transferring foreign currency. The point of processing the customer's request is the time when performance obligation is satisfied, and revenue is immediately recognized when fees and commission are received after requests are processed. The business activities relevant to these fees and commission received on foreign exchange handling are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑤ *Fees and commission received on foreign exchange* 

The fees and commission received on foreign exchange consist of fees related to the issuance of various certificates, such as exchange, import and export performance certificates, purchase certificates, etc. The point of processing the customer's request is the time when performance obligation is satisfied, and revenue is immediately recognized when fees and commission are received after requests are processed. The business activities relevant to these fees and commission received on foreign exchange are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑥ *Fees and commission received for guarantee* 

The fees and commission received for guarantee include the fees received for the various warranties. The activities related to the warranty consist mainly of performance obligations satisfied over time and fees and commission are recognized over the guarantee period. The business activities relevant to these fees and commission received for guarantee are substantially attributable to Corporate banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑦ *Fees and commission received on securities business* 

The fees and commission received on securities business consist mainly of fees and commission for the sale of beneficiary certificates, and these fees are recognized when the beneficiary certificates are sold to customers. The business activities relevant to these fees and commission received on credit card are substantially attributable to Consumer banking segment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑧ *Fees and commission from trust management* 

The fees and commission from trust management consist of fees and commission received in return for the operation and management services for entrusted assets. These operation and management services are performance obligations satisfied over time, and revenue is recognized over the service period. Among the fees and commission from trust management, variable considerations such as profit commission that are affected by the value of entrusted assets and base return of the future periods are recognized as revenue when limitations to the estimates are lifted. The majority of these fees and commission received for brokerage are from the business activities relevant to Consumer banking segment.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑨ *Other fees* 

Other fees are usually fees related to remittances, but include fees related to various other services provided to customers by the Bank. These fees are recognized when transactions occur at the customers' request and services are provided, at the same time when commissions are received. These other fees occur across all operating segments and no single operating segment represents majority of other fees.

ii) Other revenue from contracts with customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① *Interest income* 

Interest income on financial assets measured at FVTPL, FVTOCI and financial assets at amortized costs is measured using the effective interest method.

The effective interest method is a method of calculating the amortized cost of debt securities (or group of financial assets) and of allocating the interest income over the expected life of the asset. The effective interest rate is the rate that exactly discounts estimated future cash flows to the instrument's initial total carrying amount over the expected period, or shorter if appropriate. Future cash flows include commissions and cost of reward points (limited to the primary component of effective interest rate) and other premiums or discounts that are paid or received between the contractual parties, and future cash flows exclude expected credit loss when calculating the effective interest rate. All contractual terms of a financial instrument are considered when estimating future cash flows.

For purchased or originated credit-impaired financial assets, interest revenue is recognized by applying the credit-adjusted effective interest rate to the amortized cost of the financial asset from initial recognition. Even if the financial asset is no longer impaired in the subsequent periods due to credit improvement, the basis of interest revenue calculation is not changed from amortized cost to unamortized cost of the financial assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② *Loan origination fees and costs* 

The commission fees earned on loans, which is part of the effective interest of loans, is accounted for as deferred origination fees. Incremental costs related to the origination of loans are accounted for as deferred origination costs and is being added or deducted to/from interest income on loans using effective interest rate method.

(5) Accounting for foreign currencies

The Bank's separate financial statements are presented in Korean Won, which is the functional currency of the Bank. At the end of each reporting period, monetary assets and liabilities denominated in foreign currencies are translated to the functional currency at its prevailing exchange rates at the date. The effective portion of the changes in fair value of a derivative that qualifies as a cash flow hedge and the foreign exchange differences on monetary items that form part of net investment in foreign operations are recognized in equity.

Assets and liabilities of the foreign operations subject to consolidation are translated into Korean Won at foreign exchange rates at the end of the reporting period. Except for situations in which it is required to use exchange rates at the date of transaction due to significant changes in exchange rates during the period, items that belong to profit or loss are measured by average exchange rate, with foreign exchange differences recognized as other comprehensive income and added to equity. When foreign operations are disposed, the controlling interest's share of accumulated foreign exchange differences related to such foreign operations will be reclassified to profit or loss.

(6) Cash and cash equivalents

The Bank is classifying cash on hand, demand deposits, interest-earning deposits with original maturities of up to three months on acquisition date, and highly liquid investments that are readily convertible to known amounts of cash and subject to an insignificant risk of changes in value as cash and cash equivalents.

(7) Financial assets and financial liabilities

1) Financial assets

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A regular way purchase or sale of financial assets is recognized or derecognized on the trade date. A regular way purchase or sale is a purchase or sale of a financial asset under a contract whose term requires delivery of the asset within the time frame established generally by regulation or convention in the marketplace concerned.

On initial recognition, financial assets are classified into financial assets at FVTPL, financial assets at FVTOCI, and financial assets at amortized cost.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Business model

The Bank evaluates the way business is being managed, and the purpose of the business model for managing a financial asset best reflects the way information is provided to the management at its portfolio level. Such information considers the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The accounting policies and purpose specified for the portfolio, and the actual operation of such policies. This
includes strategy of the management focusing on the receipt of contractual interest revenue, maintaining a certain level of interest income, matching the duration of financial assets and the duration of corresponding liabilities to obtain the asset,
and outflow or realization of expected cash flows from disposal of assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The way the performance of a financial asset held under the business model is evaluated, and the way such
evaluation is being reported to the management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The risk affecting the performance of the business model (and financial assets held under the business model),
and the way such risk is being managed

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The compensation plan for the management (e.g., whether the management is being compensated based on the fair
value of assets or based on contractual cash flows received)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Frequency, amount, timing and reason for sale of financial assets in the past, and forecast of future sale
activities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Contractual cash flows

The principal is defined to be the fair value of a financial asset at initial recognition. Interest is not only composed of consideration for the time value of money, consideration for the credit risk related to remaining principal at a certain period of time, and consideration for other cost (e.g., liquidity risk and cost of operation) and fundamental risk associated with lending, but also profit.

When evaluating whether contractual cash flows are solely payments of principal and interests, the Bank considers the contractual terms of the financial instrument. When a financial asset contains contractual conditions that modify the timing and amount of contractual cash flows, it is required to determine whether contractual cash flows that arise during the remaining life of the financial instrument due to such contractual condition are solely payments of principal and interest. The Bank considers the following elements when evaluating the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Conditions that lead to modification of timing or amount of cash flows

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contractual terms that adjust contractual nominal interest, including floating rate features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Early payment features and maturity extension features

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contractual terms that limit the Bank's claim on cash flows arising from certain assets (e.g., non-recourse feature)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Terms of holding multiple contractually linked financial tranche that concentrate credit risk In such case,
credit risk comparison information of the instrument itself, the contractual cash flow characteristics of underlying financial instrument group and the underlying financial instrument group

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Financial assets at FVTPL

The Bank is classifying those financial assets that are not classified as either financial assets at amortized cost or financial assets at FVTOCI, and those designated to be measured at FVTPL, as financial assets at FVTPL. Financial assets at FVTPL are measured at fair value, and related profit or loss is recognized in net income. Transaction costs related to acquisition at initial recognition is recognized in net income immediately upon its occurrence.

The Bank may, at initial recognition, irrevocably designate a financial asset as measured at fair value through profit or loss if doing so eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise from measuring assets or liabilities or recognizing the gains and losses on them on different bases.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Financial assets at FVTOCI

When financial assets are held under a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets, and when contractual cash flows from such financial assets are solely payments of principal and interest, the financial assets are classified as financial assets at FVTOCI. Also, for investments in equity instruments that are not held for short-term trade, an irrevocable election is available at initial recognition to present subsequent changes in fair value as other comprehensive income.

At initial recognition, financial assets at FVTOCI is measured at its fair value plus any direct transaction cost, and is subsequently measured in fair value. The changes in fair value except for profit or loss items such as impairment losses (reversals), interest revenue calculated by using effective interest method, and foreign exchange gain or loss, and related income tax effects are recognized as other comprehensive income until the asset's disposal. Upon derecognition, the accumulated other comprehensive income is reclassified from equity to net income for FVTOCI (debt instruments), and reclassified within the equity for FVTOCI (equity instruments)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Financial assets at amortized cost

When financial assets are held under a business model whose objective is to hold financial assets in order to collect contractual cash flows, and when contractual cash flows from such financial assets are solely payments of principal and interest, the financial assets are classified as financial assets at amortized cost. At initial recognition, financial assets at amortized cost are recognized at fair value plus any direct transaction cost. Financial assets at amortized cost is presented at amortized cost using effective interest method, less any loss allowance.

2) Financial liabilities

At initial recognition, financial liabilities are classified into either financial liabilities at FVTPL or financial liabilities at amortized cost.

Financial liabilities are usually classified as financial liabilities at FVTPL when they are acquired with a purpose to repurchase them within a short period of time, when they are part of a certain financial instrument portfolio that is actually and recently being managed with a purpose of short-term profit and joint management by the Bank at initial recognition, and when they are derivatives that do not qualify as hedging instruments. Financial liabilities at FVTPL are measured at fair value plus direct transaction cost at initial recognition and are subsequently measured at fair value. Gain or loss arising from financial liabilities at FVTPL is recognized in profit or loss when occurred.

It is possible to designate a financial liability as financial liability at FVTPL if at initial recognition: (a) it is possible to remove or significantly reduce recognition or measurement mismatch that may otherwise have occurred if not for its designation as financial liability at FVTPL; (b) the financial asset forms part of the Bank's financial instrument group (a group composed of a combination of financial asset or liability) according to the Bank's documented risk management or investment strategy, is measured at fair value and is being evaluated for its performance, and such information is provided internally; and (c) the financial liability is part of a contract that contains one or more of embedded derivatives, and is a hybrid contract in which designation as financial liability at FVTPL is allowed under K-IFRS No.1109 '*Financial Instruments*'.

Financial liabilities designated as at FVTPL are initially recognized at fair value, with any direct transaction cost recognized in profit or loss and are subsequently measured at fair value. Any profit or loss from financial liabilities at FVTPL are recognized in profit or loss.

Financial liabilities not classified as financial liabilities at FVTPL are measured at amortized cost.

3) Reclassification

Financial assets are not reclassified after initial recognition unless the Bank modifies the business model used to manage financial assets. When the Bank modifies the business model used to manage financial assets, all affected financial assets are reclassified on the first day of the first reporting period after the modification.

4) Derecognition

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Financial assets are derecognized when contractual rights to cash flows from the financial assets are expired, or when substantially all of risk and reward for holding financial assets is transferred to another entity as a result of a sale of financial assets. If the Bank does not have and does not transfer substantially all of the risk and reward of holding financial assets with control of the transferred financial assets retained, the Bank recognizes financial assets to the extent of its continuing involvement. If the Bank holds substantially all the risk and reward of holding a financial asset, it continues to recognize that asset and proceeds are accounted for as collateralized borrowings.

When a financial asset is fully derecognized, the difference between the book value and the sum of proceeds and accumulated other comprehensive income is recognized as profit or loss in case of FVTOCI (debt instruments), and as retained earnings for FVTOCI (equity instruments).

In case when a financial asset is not fully derecognized, the Bank allocates the book value into amounts retained in the books and removed from the books, based on the relative fair value of each portion at the date of sale, and based on the degree of continuing involvement. For the derecognized portion of the financial assets, the difference between its book value and the sum of proceeds and the portion of accumulated other comprehensive income attributable to that portion will be recognized in profit or loss in case of debt instruments and recognized in retained earnings in case of equity instruments. The accumulated other comprehensive income is distributed to the portion of book value retained in the books, and to the portion of book value removed from the books.

The Bank derecognizes financial liabilities when, and only when, the Bank's obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.

When the Bank exchanges with the existing lender one debt instrument into another one with substantially different terms, such exchange is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, the Bank accounts for substantial modification of terms of an existing liability or part of it as an extinguishment of the original financial liability and the recognition of a new liability. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective rate is at least 10 percent different from the discounted present value of the remaining cash flows of the original financial liability.

5) Fair value of financial instruments

Financial assets at FVTPL and financial assets at FVTOCI are measured and presented in financial statements at their fair values, and all derivatives are also subject to fair value measurement.

Fair value is defined as the price that would be received to exchange an asset or paid to transfer a liability in a recent transaction between independent parties that are reasonable and willing. Fair value is the transaction price of identical financial assets or financial liabilities generated in an active market. An active market is a market where trade volume is sufficient and objective price information is available due to the fact that bid and ask price differences are small.

When trade volume of a financial instrument is low, when transaction prices within the market show large differences among them, or when it cannot be concluded that a financial instrument is being traded within an active market due to disclosures being extremely shallow, fair value is measured using valuation techniques based on alternative market information or using internal valuation techniques based on general and observable information obtained from objective sources. Market information includes maturity and characteristics, duration, similar yield curve, and variability measurement of financial instruments of similar nature. Fair value amount contains unique assumptions on each entity (The Bank concluded that it is using assumptions applied in valuing financial instruments in the market, or risk-adjusted assumptions in case marketability does not exist).

The market approach and income approach, which are valuation techniques used to estimate the fair value of financial instruments, both require significant judgment. Market approach measures fair value using either a recent transaction price that includes the financial instrument, or observable information on comparable firm or assets. Income approach measures fair value through discounting future cash flows with a discount rate reflecting market expectations, and revenue, operating income, depreciation, capital expenditures, income tax,

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working capital and estimated residual value of financial investments are being considered when deriving future cash flows. Valuation techniques such as the above include estimates based on the financial instruments' complexity and usefulness of observable information in the market.

The valuation techniques used in the evaluation of financial instruments are explained below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Financial assets at FVTPL and Financial assets at FVTOCI

The fair value of equity securities included in financial assets at FVTPL and financial assets at FVTOCI category is recognized in the statement of financial position at its available market price. Debt securities traded in the over-the-counter market are generally recognized at an amount computed by an independent appraiser. When the Bank uses the fair value determined by independent appraisers, the Bank usually obtains three values from three different appraisers for each financial instrument, and selects the minimum amount without making additional adjustments. For equity securities without marketability, the Bank uses the amount determined by the independent appraiser. The Bank verifies the prices obtained from appraisers in various ways, including the evaluation of independent appraisers' competency, indirect verification through comparison between appraisers' price and other available market information, and reappraisal done by employees who have knowledge of valuation models and assumptions that appraisers used.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Derivatives

The Bank's transactions involving derivatives such as futures and exchange traded options are measured at market value. A portion of exchange traded derivatives classified as level 2 in the fair value hierarchy, the fair value is estimated using internal valuation techniques. If there are no publicly available market prices because they are traded over-the-counter, fair value is measured through internal valuation techniques. When using internal valuation techniques to derive fair value, the types of derivatives, base interest rate or characteristics of prices, or stock market indices are considered. When variables used in the internal valuation techniques are not observable information in the market, such variables may contain significant estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Adjustment of valuation amount

The Bank is exposed to credit risk when a counterparty to a derivative contract does not perform its contractual obligation, and the exposure amount is equal to the amount of derivative asset recognized in the statement of financial position. When the Bank earns income through derivatives, such income is recognized as derivative asset in the statement of financial position. Some of the derivatives are traded in the market, but most of the derivatives are measured at estimated fair value derived from internal valuation models that use observable information in the market. As such, in order to estimate the fair value, there should be an adjustment made to incorporate counterparty's credit risk, and credit risk adjustment is being considered when valuing derivative assets such as over-the counter derivatives. The amount of financial liabilities is also adjusted by the Bank's own credit risk when valuing them.

The amount of adjustment is derived from counterparty's probability of default and loss given default. This adjustment considers contractual matters that are designed to reduce the Bank's exposure to each counterparty's credit risk. When derivatives are under master netting arrangement, the exposure used in the computation of credit risk adjustment is a net amount after adding/deducting cash collateral received (or paid) from loss(or gain) position derivatives with the same counterparty.

6) Expected credit losses on financial assets

The Bank recognizes loss allowance on expected credit losses for the following assets:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Financial assets at amortized cost

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Debt instruments measured at FVTOCI

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contract assets as defined by K-IFRS No.1115

Expected credit losses are weighted-average value of a range of possible results, considering the time value of money, and are measured by incorporating information on current conditions and forecasts of future economic conditions that are available without undue cost or effort.

The methods to measure expected credit losses are classified into following three categories in accordance with K-IFRS:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General approach: Financial assets that do not belong to below two models and unused loan commitments

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Simplified approach: When financial assets are either trade receivables, contract assets or lease receivables

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit impairment model: Purchased or originated credit-impaired financial assets

The measurement of loss allowance under general approach is differentiated depending on whether the credit risk has increased significantly after initial recognition. That is, loss allowance is measured based on 12-month expected credit loss when the credit risk has not increased significantly after initial recognition, while loss allowance is measured at lifetime expected credit loss when credit risk has increased significantly. Lifetime is the expected remaining life of the financial instrument up to the maturity date of the contract.

The measurement of loss allowance under simplified approach is always based on lifetime expected credit loss, and loss allowance under credit impairment model is measured as the cumulative change in lifetime expected credit loss since initial recognition.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Measurement of expected credit losses on financial asset at amortized cost

The expected credit losses on financial assets at amortized cost is measured by the difference between the contractual cash flows during the period and the present value of expected cash flows. Expected cash inflows are computed for individually significant financial assets in order to calculate expected credit losses.

When financial assets are not individually significant, they are included in a group of financial assets with similar credit risk characteristics and expected credit losses of the Bank are calculated collectively.

Expected credit losses are deducted through loss allowance account, and when the financial asset is determined to be uncollectible, the loss allowance is written off from the books along with the related financial asset. Changes in loss allowance due to subsequent recoveries of amounts previously written off are recognized in profit or loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Measurement of expected credit losses on financial asset at FVTOCI

The measurement method of expected credit loss is identical to financial asset at amortized cost, but changes in the allowance is recognized in other comprehensive income. When financial assets at FVTOCI is disposed or repaid, the related allowance is reclassified from other comprehensive income to net income.

(8) Offsetting financial instruments

Financial assets and liabilities are presented as a net amount in the statements of financial position when the Bank has an enforceable legal right and an intention to settle on a net basis or to realize an asset and settle the liability simultaneously.

(9) Investment properties

The Bank classifies a property held to earn rentals and/or for capital appreciation as an investment property. Investment properties are measured initially at cost, including transaction costs, less subsequent depreciation and impairment.

Subsequent costs are included in the carrying amount of the asset or recognized as a separate asset if it is probable that future economic benefits associated with the assets will flow into the Bank and the cost of an asset can be measured reliably, and the book value of a portion of an asset that are replaced by a subsequent expenditure is removed from the books. Routine maintenance and repairs are expensed as incurred.

While land is not depreciated, all other investment properties are depreciated based on the depreciation method and useful lives of properties and equipment. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, and when it is deemed appropriate to change them, the effect of any change is accounted for as a change in accounting estimates.

An investment property is derecognized from the separate financial statements on disposal or when it is permanently withdrawn from use and no future economic benefits are expected even from its disposal. The gain or loss from derecognition of an investment property is calculated as the difference between the net disposal proceeds and the carrying amount of the property, and is recognized in profit or loss of the period.

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(10) Properties and equipment

Properties and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. The cost of an item of properties and equipment is expenditure directly attributable to their purchase or construction, which includes any cost directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. It also includes the initial estimate of costs of dismantling and removing the item and restoring the site on which it is located.

Subsequent costs are recognized in the carrying amount of an asset or as a separate asset (if appropriate) if it is probable that future economic benefit associated with the assets will flow into the Bank and the cost of an asset can be measured reliably. Routine maintenance and repairs are expensed as incurred.

While land is not depreciated, for all other properties and equipment, depreciation is charged to net income on a straight-line basis by applying the following estimated economic useful lives on the amount of cost or revalued amount less residual value.

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| | | |
|:---|:---|:---|
|  | Useful life | Useful life |
|  Buildings used for business purpose |  | 40 years |
|  Structures in leased office |  | 5 years |
|  Properties for business purpose |  | 5 years |

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The Bank reassesses the depreciation method, the estimated useful lives and residual values of properties and equipment at the end of each reporting period. If changes in the estimates are deemed appropriate, the changes are accounted for as a change in an accounting estimate. When there is an indicator of impairment and the carrying amount of a properties and equipment item exceeds the estimated recoverable amount, the carrying amount of such asset is reduced to the recoverable amount.

(11) Intangible assets and goodwill

The Bank is recognizing intangible assets measured at the manufacturing cost or acquisition cost plus additional incidental expenses less accumulated amortization and accumulated impairment losses. The Bank's intangible asset are amortized over the following economic lives using the straight-line method. The estimated useful life and amortization method are reviewed at the end of each reporting period. If changes in the estimates are deemed appropriate, the changes are accounted for as a change in an accounting estimate.

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| | |
|:---|:---|
|  | Useful life |
|  Industrial property rights | 5 to 10 years |
|  Development costs | 5 years |
|  Other intangible assets | 5 years or contract period |

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In addition, when an indicator that intangible assets are impaired is noted, and the carrying amount of the asset exceeds the estimated recoverable amount of the asset, the carrying amount of the asset is reduced to its recoverable amount.

Goodwill is not amortized, but is subject to an impairment test every year, and whenever there is an indicator that goodwill is impaired.

Goodwill is allocated to each of the Bank's cash-generating unit (or groups of cash-generating units) that is expected to benefit from the synergies of the combination. A cash-generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit on a pro rata basis based on the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill cannot be reversed in subsequent periods.

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(12) Impairment of non-monetary assets

Intangible assets with indefinite useful lives or intangible assets that are not yet available for use are tested for impairment annually, regardless of whether or not there is any indication of impairment. All other assets are tested for impairment by estimating the recoverable amount when there is an objective indication that the carrying amount may not be recoverable. Recoverable amount is the higher of value in use or net fair value, less costs to sell. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and such impairment loss is recognized immediately in profit or loss.

(13) Leases

The Bank determines whether the agreement is a lease or includes a lease at the time of the agreement. In exchange for consideration in the contract, if the control over the use of the identified asset is transferred for a period of time, the contract is a lease or includes a lease. In determining whether a contract transfers control of the use of the identified asset, the Bank uses the definition of a lease in K-IFRS No.1116.

1) The Bank as a lessee

The Bank recognizes the right-of-use asset and the lease liability at the commencement date of the lease. The right-of-use asset is measured at cost, which comprises the amount of the initial measurement of the lease liability, lease payments made at or before the commencement date (less any lease incentives received), initial direct costs, and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located.

The right-of-use asset is subsequently depreciated on a straight-line basis from the commencement of the lease to the end of the lease term. However, if the lease transfers ownership of the underlying asset to the lessee by the end of the lease term or if the cost of the right-of-use asset reflects that the lessee will exercise a purchase option, the lessee depreciates the right-of-use asset same as a fixed asset from the commencement date to the end of the useful life of the underlying asset. The right-of-use asset may be reduced by an impairment of the underlying asset or adjusted by remeasurement of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at that date. The lease payments are discounted using the interest rate implicit in the lease, but if that cannot be readily determined, the Bank uses its incremental borrowing rate. The Bank generally uses the incremental borrowing rate.

The lease payments included in the measurement of the lease liability comprise the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fixed payments (including in-substance fixed payments)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Variable lease payments that depend on an index (or a rate), initially measured using the index or rate as at the
commencement date

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Amounts expected to be payable by the lessee under residual value guarantees

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The exercise price of a purchase option if the lessee is reasonably certain to exercise that option, lease
payments of the extended period if the lessee is reasonably certain to exercise extension option, and payments of penalties for terminating the lease, if the lease term reflects the lessee exercising an option to terminate the lease

The lease liability is subsequently increased by the interest expense recognized for the lease liability and decreased by reflecting the payment of the lease payments. The lease liability is remeasured if the future lease payments change depending on changes in the index(or a rate), changes in the expected amount to be paid under the residual value guarantee, and changes in the assessment of whether the purchase or extension option is reasonably certain to be exercised or not to exercise the terminate option.

When remeasuring a lease liability, the related right-of-use asset is adjusted and if the carrying amount of the right-of-use asset decreases to zero, the remeasurement amount is recognized in profit or loss.

In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option, or not exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).

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Most extension options in offices and vehicles leases have not been included in the lease liability, because the Bank could replace the assets without significant cost or business disruption.

The lease term is reassessed if an option is actually exercised (or not exercised) or the Bank becomes obliged to exercise (or not exercise) it. The assessment of reasonable certainty is only revised if a significant event or a significant change in circumstances occurs, which affects this assessment, and that is within the control of the lessee.

During the current financial year, the financial effect of revising lease terms to reflect the effect of exercising extension and termination options was an increase in recognized lease liabilities and right-of-use assets of 1,308 million Won.

In the statement of financial position, the Bank classified the right-of-use assets that do not meet the definition of investment property as 'properties and equipment' and the lease liabilities as 'other financial liabilities.'

The Bank has chosen a practical expedient that does not recognize the right-of-use asset and lease liabilities for short-term leases with a lease term less than 12 months and leases for which the underlying asset is of low value. The Bank recognizes the lease payments associated with those leases as an expense on a straight-line basis over the lease term.

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2) The Bank as a lessor

At the date of the agreement or the effective date of the modification containing the lease element, the Bank allocates the consideration of the contract to each lease element on the basis of its relative stand-alone price.

As a lessor, the Bank classifies its leases as either an operating lease or a finance lease at the commencement date.

The Bank subsequently judges whether the lease transfers substantially all the risks and rewards incidental to ownership of an underlying asset. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership of an underlying asset, otherwise a lease is classified as an operating lease.

If the agreement contains both lease and non-lease elements, the Bank applies K-IFRS No.1115 to allocate the consideration of the contract.

The Bank applies derecognition and impairment provisions of K-IFRS No.1109 to its net investment in the lease. The Bank also carries out regular review of the unguaranteed residual value used to calculate total lease investment.

The Bank recognizes lease payments from operating lease as income on a straight-line basis.

The accounting policy that the Bank has applied as a lessor is not different from K-IFRS No.1116.

(14) Derivative instruments

Derivative instruments are classified as forwards, futures, options and swaps, depending on the types of transactions and are classified at the point of transaction as either trading or hedging based on its purpose.

Derivatives are initially recognized at fair value at the date of contract and are subsequently measured at fair value at the end of each reporting period. The resulting gain or loss is recognized in net income immediately unless the derivative is designated and effective as a hedging instrument. If derivatives have been designated as hedging instruments and if it is effective, the point of recognition of gain or loss depends on the characteristics of hedging relationship.

1) Embedded derivatives

Embedded derivatives are components of a hybrid financial instrument that includes a non-derivative host contract. It has an effect of modifying part of cash flows of the hybrid financial instrument similar to an independent derivative.

Embedded derivatives that are part of a hybrid contract of which the host contract is a financial asset within the scope of K-IFRS No.1109 is not separated. The classification is done by considering the hybrid contract as a whole, and subsequent measurement is either at amortized cost or fair value.

If embedded derivatives are part of a hybrid contract of which the host contract is not a financial asset within the scope of K-IFRS No.1109 (e.g., financial liability), then these are treated as separate derivatives if embedded derivatives meet the definition of a derivative, characteristics and risk of the embedded derivatives are not closely related to that of host contract, and if the host contract is not measured at FVTPL.

2) Hedge accounting

The Bank is applying K-IFRS No.1109 in regard to hedge accounting. The Bank designates certain derivatives as hedging instrument against fair value changes in relation to the interest rate risk, foreign currency translation and interest rate risk, and foreign currency translation risk.

The Bank documents the relationship between hedging instruments and hedged items at the commencement of hedging in accordance with their purpose and strategy. Also, the Bank documents at the commencement and subsequent dates whether the hedging instrument effectively counters the changes in fair value of hedged items. A hedging instrument is effective only when it meets all the following criteria:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When there is an economic relationship between the hedged items and hedging instruments.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When the effect of credit risk is not stronger than the change in value due to the economic relationship between
the hedged items and hedging instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When the hedge ratio is equal to the proportion and the number of hedged items to those of the hedging
instruments.

When a hedging relationship no longer meets the hedging effectiveness requirements related to hedge ratio, but when the purpose of risk management on designated hedging relationship is still maintained, the hedge ratio of the hedging relationship is adjusted so that hedging relationship may meet the requirements again (Hedge ratio readjustment).

The Bank designated only the part of derivative financial instruments except for the foreign currency basis spread. Changes in value due to the corresponding foreign currency basis spread are recognized in other comprehensive income and accumulated in equity items. If the hedged item relates to a transaction, the accumulated other comprehensive income is reclassified to profit or loss when the hedged item affects profit or loss.

However, if the hedged item subsequently recognizes a non-financial item, the accumulated amount in the equity item is removed directly from equity and included in the initial carrying amount of the recognized non-financial item. This transfer does not affect other comprehensive income.

However, if all or some of the accumulated equity items are not expected to recover in a future period, the amounts that are not expected to recover are immediately reclassified to profit or loss. If the hedged item relates to a period, the portion of the foreign currency basis spread at the date the derivative is designated as a hedging instrument is reclassified to profit or loss over the period of the hedge.

3) Fair value hedge

Gain or loss arising from valid hedging instrument is recognized in profit or loss. However, when the hedging instrument mitigates risks on equity instruments designated as financial assets at FVTOCI, related gain or loss is recognized in other comprehensive income.

The book value of hedged items that are not measured in fair value is adjusted by the changes in fair value arising from the hedged risk, with resulting gain or loss reflected in net income. In case of debt instruments measured at FVTOCI, book value is an amount that is already adjusted to fair value and thus gain or loss arising from the hedged risk is recognized in profit or loss instead of other comprehensive income without adjustments in book value. When the hedged item is equity instruments measured at FVTOCI, the gain or loss arising from hedged risk is retained at other comprehensive income in order to match the gain or loss with hedging instruments.

Hedge accounting ceases to apply only when hedging relationship (or part of it) does not meet the requirements of hedge accounting (even after hedging relationship readjustment, if applicable). This treatment holds in case of lapse, disposal, expiry and exercise of hedging instruments, and this cease of treatment applies prospectively. The fair value adjustments made to book value of hedged item due to hedged risk is amortized from the date of discontinuance of hedge accounting and is recognized in profit or loss.

(15) Assets (or disposal group) held for sale

The Bank classifies a non-current asset (or disposal group) as held for sale if its carrying amount will be recovered through a sale transaction rather than through continuing use. Non-current assets (and disposal groups) classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs to sell.

(16) Provisions

The Bank recognizes provision if (a) it has present or contractual obligations as a result of the past event, (b) it is probable that an outflow of resources will be required to settle the obligation and (c) the amount of the obligation is reliably estimated. Provision is not recognized for the future operating losses.

The Bank recognizes provision related to the unused membership points, payment guarantees, loan commitment and litigations. Where the Bank is required to restore a leased property that is used as a branch to an agreed condition after the contractual term expires, the present value of expected amounts to be used to dispose, decommission or repair the facilities is recognized as an asset retirement obligation.

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Where there are a number of similar obligations, the probability that an outflow will be required in settlement is determined by considering the obligations as a whole. Although the likelihood of outflow for any one item may be small, if it is probable that some outflow of resources will be needed to settle the obligations as a whole, a provision is recognized.

(17) Capital and compound financial instruments

The Bank classifies a financial instrument that it issues as a financial liability or an equity instrument in accordance with the substance of the contractual arrangement. A financial liability is a contractual obligation to deliver cash or another financial asset to another entity. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.

If the Bank reacquires its own equity instruments, the consideration paid including the direct transaction costs (net of tax expense) are presented as a deduction from total equity until such instruments are retired or reissued. When these instruments are reissued, the consideration received (net of direct transaction costs) is included in the shareholder's equity.

(18) Financial guarantee liabilities

A financial guarantee contract is a contract where the issuer must pay a certain amount of money in order to compensate losses suffered by the creditor when debtor defaults on a debt instrument in accordance with original or modified contractual terms.

A financial guarantee is initially measured at fair value and is subsequently measured at the higher of the amounts below unless it is designated to be measured at FVTPL or when it arises from disposal of an asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loss allowance in accordance with K-IFRS No.1109

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Initial book value less accumulated profit measured in accordance with K-IFRS No.1115

(19) Employee benefits and pensions

The Bank recognizes the undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by the employees. Also, the Bank recognizes expenses and liabilities in the case of accumulating compensated absences when the employees render services that entitle their right to future compensated absences. Similarly, the Bank recognizes expenses and liabilities for customary profit distribution or bonuses when the employees render services, even though the Bank does not have legal obligation to do so because it can be construed as constructive obligation.

The Bank is operating defined contribution plans and defined benefit plans. Contributions to defined contribution plans are recognized as an expense when employees have rendered services entitling them to receive the benefits. For defined benefit plans, the defined benefit liability is calculated through an actuarial assessment using the projected unit credit method every end of the reporting period, conducted by professional actuaries. Remeasurement, comprising actuarial gains and losses, the return on plan assets (excluding interest), and the effect of the changes to the asset ceiling (if applicable) is reflected immediately in the separate statement of financial position with a charge or credit recognized as other comprehensive income in the period in which they occur.

Remeasurement recognized in the statement of comprehensive income is not reclassified to profit or loss in the subsequent periods. Past service cost is recognized in profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset. Defined benefit costs are composed of service cost (including current service cost and past service cost, as well as gains and losses on curtailments and settlements), net interest expense (income) and remeasurement.

The Bank presents the service cost and net interest expense (income) components in profit or loss, and the remeasurement component in other comprehensive income. Curtailment gains and losses are accounted for as past service costs.

The retirement benefit obligation recognized in the separate statement of financial position represents the actual deficit or surplus in the Bank's defined benefit plans. Any surplus resulting from this calculation is recognized

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as an asset limited to the present value of any economic benefits available in the form of refunds from the plans or reductions in future contributions to the plans.

Liabilities for termination benefits are recognized at the earlier of either 1) the date when the Bank is no longer able to cancel its proposal for termination benefits or 2) the date when the Bank has recognized the cost of restructuring that accompanies the payment of termination benefits.

(20) Financial liabilities designated as hedge of a net investment in a foreign operation

When applying hedge accounting of net investment in a foreign operation, the effective portion of changes in fair value of the hedging instrument is recognized in other comprehensive income and the ineffective portion of the hedge is recognized as current profit or loss in order to offset changes in the fair value of the hedged item caused by the hedging with changes in the fair value of the hedging instrument. The effective portion of hedge recognized in other comprehensive income will be reclassified from other comprehensive income to current profit or loss in accordance with K-IFRS No.1021 '*The Effects of Changes'* in Foreign Exchange Rates at the time of disposal of a foreign operation or disposal of a portion of its foreign operations in the future.

(21) Income taxes

Income tax expense is composed of current tax and deferred tax. That is, income tax expense is composed of taxes payable or refundable during the period and deferred taxes calculated by applying asset-liability method to taxable and deductible temporary differences arising from operating loss and tax credit carryforwards. Temporary differences are the differences between the carrying values of assets and liabilities for financial reporting purposes and their tax bases. Deferred income tax benefit or expense is recognized for the change in deferred tax assets or liabilities. Deferred tax assets and liabilities are measured as of the reporting date using the enacted or substantively enacted tax rates expected to apply in the period in which the liability is settled or asset realized. Deferred tax assets, including the carryforwards of unused tax losses, are recognized to the extent it is probable that the deferred tax assets will be realized.

Deferred income tax assets and liabilities are offset if, and only if, the Bank has a legally enforceable right to offset current tax assets against current tax liabilities, and the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority or when the entity intends to settle current tax liabilities and assets on a net basis with different taxable entities.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill. Deferred tax assets or liabilities are not recognized if they arise from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

Current and deferred taxes are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity or when it arises from business combination.

The tax uncertainty arises from the compensation claim filed by the company, and the refund litigation for the amount of tax levied by the tax authority due to differences in tax law analysis

In response, the Bank paid taxes in accordance with K-IFRS No.2123 due to the tax authority's claim, but recognized as a corporate tax asset if it is highly probable of a refund in the future.

(22) Earnings per share ("EPS")

Basic EPS is a calculation of net income per each common stock. It is calculated by dividing net income attributable to ordinary shareholders by the weighted-average number of common shares outstanding. Diluted EPS is calculated by adjusting the earnings and number of shares for the effects of all dilutive potential common shares.

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**3.** **SIGNIFICANT ACCOUNTING ESTIMATES AND ASSUMPTIONS** 

The significant accounting estimates and assumptions are continuously evaluated based on a number of factors, including historical experience and expectations for future events that are reasonably considered probable. Accounting estimates based on these definitions may not match the actual occurrence results. Accounting estimates and assumptions that include significant risks that could significantly alter the carrying amount of assets and liabilities currently accounted for in the next accounting period are as follows:

(1) Income taxes

The Bank has recognized current and deferred taxes based on best estimates of expected future income tax effect arising from the Bank's operations until the end of the current reporting period. However, actual tax payment may not be identical to the related assets and/or liabilities already recognized, and these differences may affect current taxes and deferred tax assets/liabilities at the time when income tax effects are finalized. Deferred tax assets relating to tax losses carried forward and deductible temporary differences are recognized only to the extent that it is probable that future taxable profit will be available against which the tax losses carried forward and the deductible temporary differences can be utilized. In this case the Bank's evaluation considers various factors such as estimated future taxable profit based on forecasted operating results, which are based on historical financial performance. The Bank is reviewing the book value of deferred tax assets every end of the reporting period and in the event that the possibility of earning future taxable income changes, the deferred tax assets are adjusted up to taxable income sufficient to use deductible temporary differences.

(2) Valuation of financial instruments

Financial assets at FVTPL and FVTOCI are recognized in the separate financial statements at fair value. All derivatives are measured at fair value. Valuation techniques are required in order to determine fair values of financial instruments where observable market prices do not exist. Financial instruments that are not actively traded and have low price transparency will have less objective fair value and require broad judgment in liquidity, concentration, uncertainty in market factors and assumption in price determination and other risks.

As described in Note 2 (7) 5), 'Fair value of financial assets and liabilities', when valuation techniques are used to determine the fair value of a financial instrument, various general and internally developed techniques are used, and various types of assumptions and variables are incorporated during the process.

(3) Impairment of financial instruments

The accuracy of the provision for credit losses is determined by the estimation of the expected cash flows for

each borrower for estimating the individually assessed loan-loss allowance, and the assumptions and variables in the model used for estimating the collectively assessed loan-loss allowance, payment guarantee and unused commitment.

The Bank has estimated the allowance for credit losses based on reasonable and supportable information that was available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions.

The Bank uses forward-looking information to estimate expected credit losses in accordance with K-IFRS No.1109 *'Financial Instruments'*. Considering the potential for increased insolvency due to rising domestic and international economic uncertainties, the Bank estimates the probability of default (PD) and loss given default (LGD) using forward-looking information on key variables such as GDP growth rate, producer price index, apartment sales price index (KB, Seoul), and unemployment rate (original series), and accordingly recognizes additional expected credit loss provisions.

The Bank used a modeling technique based on GDP growth rate to estimate expected credit losses at the end of the current period.

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The Bank will continuously monitor the impact of domestic and international political and economic uncertainties on the economy and continue to evaluate the appropriateness of related forward-looking information.

The measurement of expected credit loss is described in 4. Risk management (1) 3) Measurement of expected credit loss.

(4) Defined benefit plan

The Bank operates a defined benefit pension plan. Defined benefit obligation is calculated at every end of the reporting period by performing actuarial valuation, and estimation of assumptions such as discount rate, expected wage growth rate and mortality rate is required to perform such actuarial valuation. The defined benefit plan, due to its long-term nature, contains significant uncertainties in its estimates.

**4.** **RISK MANAGEMENT** 

The Bank's operating activity is exposed to various financial risks. The Bank is required to analyze and assess the level of complex risks and determine the permissible level of risks and manage such risks. The Bank's risk management procedures have been established to improve the quality of assets for holding or investment purposes by making decisions on how to avoid or mitigate risks through the identification of the source of the potential risks and their impact.

The Bank has established an approach to manage the acceptable level of risks and reduce the excessive risks in financial instruments in order to maximize the profit given risks present, for which the Bank has implemented risk management processes of identification, measurement, assessment, control, monitoring and reporting of risk.

The risk is managed in accordance with the Bank's risk management policy. The Board Risk Management Committee, at the top decision-making level, makes decisions on the risk strategies such as the allocation of internal capital and the establishment of acceptable level of risk.

(1) Credit risk

Credit risk represents the potential financial losses that may incur in the future when the counterparty refuses to fulfill or lose the ability to fulfill its contractual obligations. The goal of credit risk management is to maintain the Bank's credit risk exposure to a permissible degree and to optimize its rate of return considering such credit risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit risk management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Credit facilities limit management

The Bank calculates and manages the appropriate borrowing limits by aggregation, business and industry through management of aggregation, total exposure, and portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Credit risk monitoring organization and role

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Large Corporate Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to large enterprises (including small- and medium-sized
enterprises affiliated with major debt group)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to government agencies, public institutions (50% or more of
government investments and contributions) and other corporations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of relevant real estate PF (Project Financing) (large or non-confirmed construction enterprises)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operation controls over the 'Credit Management for Affiliate Enterprise Groups' as specified by the
Regulation on Supervision of Bank Business, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management designated by the Banking Act for the affiliated companies

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② IB/Global Investment Banking Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval and maintenance of loans related to IB Group Investment Banking (including Principal
Investment excluding blind funds, structured securities of foreign currency bonds, real estate project financing, and branch-linked IB deals)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval and maintenance of overseas branches or subsidiaries of local companies, foreign companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Support for related tasks such as credit screening and maintenance of overseas review centers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management (including reduction plans) designated by the Banking Act for the affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit research and credit rating for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Derivative-related risk examination and management for affiliated customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ SME Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to small and medium-sized enterprises (excluding SMEs affiliated with major debt group) (including credit-related securities, credit derivatives, and credit-related deposits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of loans to public institutions (less than 50% of government investments
and contributions) and other corporations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consultation on loan examination, and agreement on the approval (including follow-up) of overseas branches and local corporations of the enterprises

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of relevant real estate PF (small and medium-sized construction
enterprises)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance, etc. of business loans related to National Housing and Urban Fund

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Develop and maintain examination techniques

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Management of approved loans (delinquency, asset quality, portfolios, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Establishing and managing total exposure limits for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit research and credit rating for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit limit management (including reduction plans) designated by the Banking Act for the affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Derivative-related risk examination and management for affiliated customers

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Retail Credit Analysis & Approval Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination, approval, and maintenance of personal and individual business loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination and approval of collective loans (including cases where construction enterprise is subject to
workout)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⑤ Corporate Restructuring Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management of enterprises subject to workout, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management of enterprises subject to pre-workout, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General management on the borrower in the course of corporate rehabilitation procedures

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Workout activities such as the establishment and implementation of corporate workout plans performed for
affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Pre-workout activities such as the establishment and implementation of
corporate management diagnosis and management plans performed for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Credit examination, approval, setting total exposure limit and follow-up management for affiliated companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Examination and execution of loans for sound post-management of rehabilitation loans

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Credit screening and post monitoring or post management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Objective

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• To maintain appropriate credit ratings and improve asset quality

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Main activities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the adequacy of credit and credit ratings, and maintain the consistency in application of ratings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the appropriateness of asset classification by quality and the provision for credit losses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Overall analysis of loan portfolio quality

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inspection of compliance with loan policies and relevant regulations, and recommendation for modification of
policies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review the appropriateness of loan approval and compliance with loan commitments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Assessing the accuracy of the identification of bad loans and the timeliness of actions taken by the person in
charge of the loan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Post-inspection of the branches' discretionary decision for loans

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reporting management on audit results and follow-up actions, and follow-up management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Monitoring results of inspections of branches for unauthorized use

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Continuous assessment of corporate credit risk

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Review of the adequacy of management activities for Watch List companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Support and overall management of audit activities for overseas branches

ii) Current status by measurement method

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Method of calculating risk-weighted assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① The Bank calculates the risk-weighted assets of the credit risk by obtaining approval of the internal
rating-based approach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② The internal rating-based approach meets the qualitative and quantitative requirements set by the Financial
Supervisory Service, including the use of advanced techniques in risk measurement, as well as the establishment of an internal control and risk management system. It enables more accurate measurement and management of credit risk than the standard
method.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The internal rating-based approach

Risk-weighted assets are calculated by applying self-estimated risk measurement factors such as probability of default (PD), loss given default (LGD), exposure at default (EAD), and effective maturity (M) according to the internal rating of the Bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Overview and utilization scope of credit rating evaluation model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Definition of corporate credit rating model

The corporate credit rating is the assessment of the possibility of default by the counterparty. It includes both scoring assessments that are evaluated according to quantitative methods using financial statements, etc., representative assessments that are evaluated according to quantitative methods using loans, deposit transactions, etc. of the representative's the Bank itself and other financial institutions, and Judgment evaluations that are evaluated by the evaluator's subjective judgment. This represents that the degree of credit risk assessed is presented in a systematic manner.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Operation of corporate credit rating model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• General corporate evaluation model: Classified to external audit based on K-IFRS, external audit based on GAAP, non-external audit 1, non-external audit 2, and personal business based on their total
assets, sales volume, accounting standards, whether subject to external audit or not, loan size and type of business, such as individual or corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of local governments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of public institutions

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of financial institutions: Banks, insurance companies, financial investment, and other financing

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of overseas companies

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evaluation model of non-profit organization: Private schools, medical
institutions, religious organizations, and other organizations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Specialized lending evaluation model: PF (Project Finance) (\*1), OF (Object Finance) (\*2), CF (Commodities
Finance) (\*3), real estate financing for sale **,** real estate financing for rent **,** fund financing **,** acquisition financing **,** and asset securitization **.** 

(\*1) Project Finance (PF)

Credit provided for large-scale facility projects such as power plants and transportation facilities, secured by the project itself and repaid from the cash flow generated by the project.

(\*2) Object Finance (OF)

Credit provided for the purchase of tangible assets such as ships and aircraft, secured by the asset itself and repaid from the cash flow generated by the asset.

(\*3) Commodities Finance (CF)

Credit secured by reserves, inventories, or receivables related to commodities traded on recognized exchanges, with the proceeds from the sale of these assets used as the source of repayment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Corporate credit rating system

The corporate credit rating system is divided into 14 grades (13 normal, 1 default) system, and each credit rating is presented in English (AAA~D).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Definition of retail credit scoring model

This is a model that determines credit rating of retail loan customers by calculating credit score statistically using the customer information and operates two types of scoring system which are Application Scoring System and Behavior Scoring System according to applicable borrowers' loan types.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Application Scoring System (ASS): The model determines credit rating by statistically calculating credit score
for new retail loan applications using personal information, transaction information, credit information, and other relevant data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Behavior Scoring System (BSS): The model determines credit rating by statistically calculating credit score for
existing retail loans using transaction information, credit information, and other relevant data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Operation of retail credit scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• SOHO (Small Office Home Office) loan credit scoring model: ASS / BSS scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Household loan credit scoring model: ASS / BSS scoring model

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Retail credit scoring model evaluation system: Presented in number from grade 1 to 10

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Utilizes as a key component in calculating BIS credit risk-weighted assets

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Supports prompt loan decision-making by applying for interest rate (pricing), and discretionary
decision-making, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Utilizes to measure overall risk such as assets quality and provisions for the credit losses

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Utilizes as an indicator of Risk Adjusted Performance Management and relevant performance measurement, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Control structure for credit evaluation system (including content related to grade change)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Securing the independence of granting credit rating

The credit rating is granted through the evaluation department (large enterprise, small and medium-sized enterprise, personal etc.) that is independent from the sales department, but the head of the branch has authority to grant credit ratings to small-scale loans according to the size of the loans. The Bank clearly defines and operates procedures such as override, check list, authority and procedures, and review when granting credit ratings. For credit ratings granted by a sales branch and the evaluation department, regular loan reviews are performed by the credit supervision department to assess the consistency and timeliness of credit ratings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Securing independence of credit risk control operations

The Credit Risk Management Dept. within the Risk Management Group that is independent from the sales department is responsible for the design, monitoring/supervision of operation and performance, on-going review, and modification. The Credit Risk Management Dept. conducts self-validation and monitoring of credit ratings, development and implementation of credit rating models, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;③ Validation of credit evaluation systems by an independent third party

To secure the adequacy of the credit evaluation system, the Risk Model Validation Dept. within the Risk Management Group, which is independent from the credit evaluation system department, conducts validation of credit evaluation system. The Risk Model Validation Dept. conducts periodic validation to assess the adequacy of the credit evaluation system's design, to determine whether BIS satisfies with the minimum requirements, and to validate the utilization and calculation methods of risk measurement components (PD, LGD, EAD, etc.).

A third-party review is conducted in the Head Office Audit Dept. for the development/ implementation of Credit Risk Management Dept.'s credit risk model, estimation of risk measurement factors, and the third party's validation activities of the Risk Model Validation Dept.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;④ Strengthen the role of the Board of Directors and management

Major decision-making related to the credit evaluation system and risk measurement factors are carried out in the approval process of the Executive Risk Management Committee and the Board Risk Management Committee (Board of Directors). Issues related to validation and monitoring of credit evaluation systems and risk measurement elements are regularly reported to the Executive Risk Management Committee and the Board Risk Management Committee (Board of Directors).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Scope of application of internal rating-based approach

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| | | | |
|:---|:---|:---|:---|
| BIS Ratio calculation method | BIS Ratio calculation method | Exposure category | Date of approval |
|  Standard method | Permanent standard method | Government, public institutions, and banks | October 30, 2008 |
|  | Standard method | Subsidiaries, overseas branches, and other assets | October 30, 2008 |
|  Internal rating-based approach | Internal rating-based approach | Large/small and medium-sized enterprise exposure (external audit IFRS, external audit GAAP, non-external audit1, non-external audit2, personal business model), retail exposure, and asset-backed exposure (Credit rating-based approach) | October 30, 2008<br> February 13, 2015 |
|  Stepwise application | Stepwise application | Special financing, financial institutions and non-profit organizations | October 30, 2008 |

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iii) Measurement of expected credit loss

K-IFRS No.1109 '*Financial Instruments'* requires entities to measure loss allowances equal to 12-month expected credit losses or lifetime expected credit losses after classifying financial assets into one of the three stages, depending on the degree of increase in credit risk since their initial recognition.

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| | | | |
|:---|:---|:---|:---|
| Classification | Stage 1 | Stage 2 | Stage 3 |
|  Definition | No significant increase in credit risk after initial recognition (\*) | Significant increase in credit risk after initial recognition | Credit-impaired |
|  | 12-month expected credit losses | Lifetime expected credit losses | Lifetime expected credit losses |
|  Loss allowance | Expected credit losses that result from those default events on the financial instrument that are possible within 12 months after the reporting date | Expected credit losses that result from all possible default events over the life of the financial instrument | Expected credit losses that result from all possible default events over the life of the financial instrument |

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(\*) If the financial instrument has low credit risk at the end of the reporting period, the Bank may assume that the credit risk has not increased significantly since initial recognition.

At the end of each reporting period, the Bank assesses whether the credit risk has increased significantly since initial recognition by using credit rating, asset quality, early warning system, days past due, and others. For financial assets whose contractual cash flows have been modified, the Bank assesses whether there is a significant increase in credit risk on the same basis. The Bank performs the assessment above to both corporate and retail exposures, and indicators of significant increase in credit risk are as follows:

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| | |
|:---|:---|
| Corporate Exposures | Retail Exposures |
| Asset quality level 'Precautionary' or lower | Asset quality level 'Precautionary' or lower |
| More than 30 days past due | More than 30 days past due |
| 'Warning' level in early warning system | Significant decrease in credit rating (\*) |
|  Debtor experiencing financial difficulties (Capital impairment, Adverse opinion or Disclaimer of opinion by external auditors) | Deferment of repayment of principal and interest |
| Significant decrease in credit rating | Deferment of interest |
| Deferment of repayment of principal and interest |  |
| Deferment of interest |  |

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The Bank concludes that credit is impaired when financial assets are under conditions stated below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When principal and interest of loan is overdue for 90 days or longer due to significant deterioration in credit

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• For loans overdue within 90 days, when it is determined that not even a portion of the loan will be recovered
unless claim actions such as disposal of collaterals are taken

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When other objective indicators of impairment have been noted for the financial asset

In addition, the Bank reflects the future economic forecast adjustment coefficient in the probability of default and loss given default and recognizes additional provisions for expected credit losses by adjusting the future economic forecast adjustment coefficient in consideration of the potential for insolvency due to increase in domestic and international economic uncertainty.

The Bank has estimated the expected credit loss allowances using an estimation model that additionally reflects the forward-looking information based on the past experience loss rate data.

Probability of default (PD) and loss given default (LGD) for each category of financial asset are calculated considering factors such as debtor type, credit rating and portfolio, etc. The estimates are regularly being reviewed in order to reduce discrepancies with actual losses.

In measuring the expected credit losses, the Bank is using reasonably supportable macroeconomic indicators such as Gross Domestic Product (real, original series) growth rate, average manufacturing utilization rate, apartment sales price index (KB, Seoul), unemployment rate (original series), etc., in order to forecast forward-looking information conditions.

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The Bank applies the following forward-looking model and reviews the results regularly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Development of estimation models through regression analysis of
borrower(corporate/retail)/probability of default by point in time and collateral (credit, collateral)/ default recovery rate by point in time (1-loss given default) and macroeconomic indicator data by year

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| | |
|:---|:---|
| Major macroeconomic variables | Correlation between credit risk<br> and macroeconomic indicators |
|  Gross Domestic Product (real, original series) growth rate | Negative (-) Correlation |
|  Average manufacturing utilization rate | Negative (-) Correlation |
|  Unemployment rate (original series) | Positive (+) Correlation |
|  Apartment sales price index (KB, Seoul) | Negative (-) Correlation |
|  KOSPI | Negative (-) Correlation |
|  Gross Domestic Income (GDI) | Negative (-) Correlation |
|  Retail sales index | Negative (-) Correlation |
|  Housing transaction price index (KB, Nationwide) | Negative (-) Correlation |
|  KOSDAQ | Negative (-) Correlation |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Calculation of estimated probability of default and estimated default recovery rate by incorporating
future economic outlook using utilizing economic variable forecasts derived from various methods: 1) Economic variable forecasts provided by institutions verified to be reliable such as the Bank of Korea (BOK), Korea Development Institute (KDI), and
Korea Institute of Finance (KIF); 2) Forecasts derived from external institutions and regression analysis results; 3) Economic variable forecasts derived through time series trends, etc., to the estimation model developed as a result of modeling.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Probability weight

As of December 31, 2025, the probability weights applied to the scenarios of the forecasts of macroeconomic variables is as follows (Unit: %):

<u>Normal Scenario</u> <u>Good Scenario</u> <u>Bad Scenario</u> <u>Worst Scenario</u> <br> Probability weight 45.58 5.69 28.73 20.00

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• When reflecting the predicted probability of default and default recovery rates, the increase rate is used
as a future economic forecast adjustment coefficient and reflected in the estimate applied for the current year.

The Bank has additionally applied a Worst scenario to the three macroeconomic variable scenarios (Normal, Good, and Bad) considering internal and external uncertainties. Assuming all other conditions remain the same and assigning a probability weight of 100% to each scenario, the results of the Bank's sensitivity analysis of expected credit loss allowance are as follows(Forecast period: 2026) (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
| Scenarios | Probability weight | Assuming 100% | Difference from<br>book value |
|  Good | 5.69% | 1280714 | (675757) |
|  Normal | 45.58% | 1394081 | (562390) |
|  Bad | 28.73% | 1796726 | (159745) |
|  Worst | 20.00% | 4255128 | 2298657 |

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iv) Maximum exposure to credit risk

The Bank's maximum exposure to credit risk refers to net book value of financial assets net of expected credit loss allowances, which shows the uncertainties of maximum changes of net value of financial assets attributable to a particular risk without considering collateral and other credit enhancements obtained. However, the maximum exposure is the fair value amount (recorded on the books) for derivatives, maximum contractual obligation for payment guarantees loan commitment. Additionally, loan commitments are the unused commitment amounts that represent the maximum exposure to credit risk for each loan.

The maximum exposure to credit risk as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2024 |
|  Loans and other financial assets at amortized cost | Korean treasury and government agencies | 151916 | 189416 |
|  | Banks | 20938253 | 20954225 |
|  | Corporates | 150854458 | 148116648 |
|  | Retail | 176058622 | 173205008 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 348003249 | 342465297 |
|  Financial assets at FVTPL (\*1) | Due from banks | 261470 | 73951 |
|  | Debt securities | 3218978 | 3642795 |
|  | Derivative assets | 5792257 | 10067381 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 9272705 | 13784127 |
|  Financial assets at FVTOCI | Debt securities | 46251080 | 41569907 |
|  Securities at amortized cost | Debt securities | 18445064 | 18719264 |
|  Derivative assets (Designated for hedging) |  | 37010 | 10102 |
|  Off-balance accounts | Guarantees (\*2) | 18448946 | 18703691 |
|  Off-balance accounts | Loan commitments | 86157613 | 88385611 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 104606559 | 107089302 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 526615667 | 523637999 |

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(\*1) Puttable financial instruments are not included.

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| | |
|:---|:---|
| (\*2) | As of December 31, 2025 and 2024, the financial guarantee amount of 7,911,285 million Won and 6,978,786 million Won are included, respectively.  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Credit risk exposure by geographical areas

The following tables analyze credit risk exposure by geographical areas (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Korea | U.S.A | U.K | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 338873371 | 2069001 | 773798 | 1259028 | 5028051 | 348003249 |
|  Securities at amortized cost | 17720610 | 707789 |  |  | 16665 | 18445064 |
|  Financial assets at FVTPL | 6713611 | 1040587 | 502905 | 277765 | 737837 | 9272705 |
|  Financial assets at FVTOCI | 42866080 | 2175952 | 309244 |  | 899804 | 46251080 |
|  Derivative assets (Designated for hedging) |  | 30719 |  | 6291 |  | 37010 |
|  Off-balance accounts | 99705376 | 992117 | 756252 | 35333 | 3117481 | 104606559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 16333218 | 372400 | 261870 | 13746 | 1467712 | 18448946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 83372158 | 619717 | 494382 | 21587 | 1649769 | 86157613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 505879048 | 7016165 | 2342199 | 1578417 | 9799838 | 526615667 |

---

(\*) Others consist of financial assets in China, Hong Kong, Germany, Australia and other countries.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Korea | U.S.A | U.K | Japan | Others (\*) | Total |
|  Loans and other financial assets at amortized cost | 331602881 | 2609745 | 584060 | 850835 | 6817776 | 342465297 |
|  Securities at amortized cost | 18042879 | 650578 |  |  | 25807 | 18719264 |
|  Financial assets at FVTPL | 9392994 | 1824414 | 553842 | 430341 | 1582536 | 13784127 |
|  Financial assets at FVTOCI | 37736177 | 3015615 | 190793 | 22112 | 605210 | 41569907 |
|  Derivative assets (Designated for hedge) |  | 3216 |  | 6886 |  | 10102 |
|  Off-balance accounts | 103814908 | 1253700 | 87755 | 20758 | 1912181 | 107089302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 16904726 | 677133 | 87755 | 20758 | 1013319 | 18703691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 86910182 | 576567 |  |  | 898862 | 88385611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 500589839 | 9357268 | 1416450 | 1330932 | 10943510 | 523637999 |

---

(\*) Others consist of financial assets in Hong Kong, Germany, Australia, and other countries.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Credit risk exposure by industries

The following tables analyze credit risk exposure by industries, which are service, manufacturing, finance and insurance, construction, individuals and others in accordance with the Korea Standard Industrial Classification Code as of December 31, 2025 and 2024 (Unit: Korean Won in millions):

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 81263553 | 47872354 | 32082343 | 3898202 | 173589894 | 9296903 | 348003249 |
|  Securities at amortized cost | 89611 |  | 7906995 | 39968 |  | 10408490 | 18445064 |
|  Financial assets at FVTPL | 65673 | 429913 | 5572276 | 4392 | 100 | 3200351 | 9272705 |
|  Financial assets at FVTOCI | 113729 | 178602 | 33373410 | 50694 |  | 12534645 | 46251080 |
|  Derivative assets (Designated for hedging) |  |  | 37010 |  |  |  | 37010 |
|  Off-balance accounts | 21226123 | 27854749 | 14514096 | 2983678 | 33237222 | 4790691 | 104606559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 5009861 | 10083803 | 1482143 | 681857 | 2119 | 1189163 | 18448946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 16216262 | 17770946 | 13031953 | 2301821 | 33235103 | 3601528 | 86157613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 102758689 | 76335618 | 93486130 | 6976934 | 206827216 | 40231080 | 526615667 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Service | Manufacturing | Finance and<br>insurance | Construction | Individuals | Others | Total |
|  Loans and other financial assets at amortized cost | 85796324 | 44742153 | 28656365 | 4231975 | 170567627 | 8470853 | 342465297 |
|  Securities at amortized cost | 169352 |  | 10059175 | 59866 |  | 8430871 | 18719264 |
|  Financial assets at FVTPL | 129606 | 578507 | 9429339 | 9471 | 693 | 3636511 | 13784127 |
|  Financial assets at FVTOCI | 282766 | 391261 | 29657215 | 153624 |  | 11085041 | 41569907 |
|  Derivative assets (Designated for hedge) |  |  | 10102 |  |  |  | 10102 |
|  Off-balance accounts | 20167915 | 30992940 | 14759589 | 2730178 | 33476894 | 4961786 | 107089302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees | 4384434 | 10546091 | 1506565 | 842558 | 5704 | 1418339 | 18703691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 15783481 | 20446849 | 13253024 | 1887620 | 33471190 | 3543447 | 88385611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 106545963 | 76704861 | 92571785 | 7185114 | 204045214 | 36585062 | 523637999 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) Credit risk exposure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Financial assets

The maximum exposure to credit risk by asset quality, except for financial assets at FVTPL and derivative asset (designated for hedging) as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Expected<br>credit loss<br>allowances | Total, net |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total | Expected<br>credit loss<br>allowances | Total, net |
|  Loans and other financial assets at amortized cost | 301886486 | 22499123 | 12341750 | 11415691 | 1780054 | 349923104 | (1919855) | 348003249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 152414 |  |  |  |  | 152414 | (498) | 151916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 20958419 |  |  |  |  | 20958419 | (20166) | 20938253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 126054837 | 18179544 | 2349527 | 4840358 | 817709 | 152241975 | (1387517) | 150854458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 92748296 | 11808039 | 2020587 | 3639279 | 722998 | 110939199 | (1136338) | 109802861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 22466262 | 6054610 | 320696 | 1197879 | 94195 | 30133642 | (211591) | 29922051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 10840279 | 316895 | 8244 | 3200 | 516 | 11169134 | (39588) | 11129546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 154720816 | 4319579 | 9992223 | 6575333 | 962345 | 176570296 | (511674) | 176058622 |
|  Securities at amortized cost | 18455854 |  |  |  |  | 18455854 | (10790) | 18445064 |
|  Financial assets at FVTOCI (\*3) | 46177626 | 73454 |  |  |  | 46251080 | (27987) | 46251080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 366519966 | 22572577 | 12341750 | 11415691 | 1780054 | 414630038 | (1958632) | 412699393 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Loans and other financial assets at amortized cost | 233674781 | 21697429 | 1008679 | 256380889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 103817 |  |  | 103817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 1815479 |  |  | 1815479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 92469723 | 6504152 | 556479 | 99530354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 61019342 | 5128816 | 475788 | 66623946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 23442962 | 1375336 | 80691 | 24898989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 8007419 |  |  | 8007419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 139285762 | 15193277 | 452200 | 154931239 |
|  Securities at amortized cost |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 233674781 | 21697429 | 1008679 | 256380889 |

---

(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

---

| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI are disclosed as the amount before deducting allowances for credit losses as it does not reduce the carrying amount.  |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total | Expected<br>credit loss<br>allowances | Total, net |
|  | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total | Expected<br>credit loss<br>allowances | Total, net |
|  Loans and other financial assets at amortized cost | 296872036 | 20955733 | 12456496 | 12756686 | 1486677 | 344527628 | (2062331) | 342465297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 190038 |  |  |  |  | 190038 | (622) | 189416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 20908352 |  | 66150 |  |  | 20974502 | (20277) | 20954225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 124864682 | 15909050 | 2654852 | 5552972 | 610334 | 149591890 | (1475242) | 148116648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 87833338 | 9840595 | 2271381 | 3960010 | 482323 | 104387647 | (1112581) | 103275066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 26599385 | 5725164 | 373513 | 1498926 | 128011 | 34324999 | (297570) | 34027429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 10431959 | 343291 | 9958 | 94036 |  | 10879244 | (65091) | 10814153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 150908964 | 5046683 | 9735494 | 7203714 | 876343 | 173771198 | (566190) | 173205008 |
|  Securities at amortized cost | 18729732 |  |  |  |  | 18729732 | (10468) | 18719264 |
|  Financial assets at FVTOCI (\*3) | 41506811 | 63096 |  |  |  | 41569907 | (26596) | 41569907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 357108579 | 21018829 | 12456496 | 12756686 | 1486677 | 404827267 | (2099395) | 402754468 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Collateral value | Collateral value | Collateral value | Collateral value |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Loans and other financial assets at amortized cost | 232052490 | 22420577 | 818518 | 255291585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 55775 |  |  | 55775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banks | 2474302 |  |  | 2474302 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 94374525 | 7209853 | 433447 | 102017825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General business | 59099372 | 5578709 | 328666 | 65006747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small- and medium-sized enterprise | 27647198 | 1570506 | 104781 | 29322485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Project financing and others | 7627955 | 60638 |  | 7688593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retails | 135147888 | 15210724 | 385071 | 150743683 |
|  Securities at amortized cost |  |  |  |  |
|  Financial assets at FVTOCI (\*3) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 232052490 | 22420577 | 818518 | 255291585 |

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(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

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| | |
|:---|:---|
| (\*3) | Financial assets at FVTOCI are disclosed as the amount before deducting allowances for credit losses as it does not reduce the carrying amount.  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Guarantees and loan commitments

The credit quality of the guarantees and loan commitments as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total |
|  Off-balance accounts | 17922313 | 434273 | 18603 | 50649 | 23108 | 18448946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 81862333 | 1925126 | 2179026 | 190895 | 233 | 86157613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 99784646 | 2359399 | 2197629 | 241544 | 23341 | 104606559 |

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(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Financial assets | Stage 1 | Stage 1 | Stage 2 | Stage 2 | Stage 3 | Total |
| Financial assets | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Above<br>appropriate<br>credit rating<br>(\*1) | Lower than a<br>limited credit<br>rating<br>(\*2) | Stage 3 | Total |
|  Off-balance accounts | 18165791 | 421822 | 41866 | 52059 | 22153 | 18703691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan commitments | 84038949 | 2046212 | 2080131 | 220319 |  | 88385611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 102204740 | 2468034 | 2121997 | 272378 | 22153 | 107089302 |

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(\*1) Credit grade of corporates are AAA ~ BBB, and retails are grades 1 ~ 6.

(\*2) Credit grade of corporates are BBB- ~ C, and retails are grades 7 ~ 10.

vi) Collateral and other credit enhancements

For the year ended December 31, 2025, there have been no significant decreases in the value of collateral or other credit enhancements held by the Bank or significant changes in collateral or other credit enhancements due to changes in the collateral policy of the Bank.

vii) Among the financial assets that have measured expected credit loss allowances in terms of lifetime expected credit losses, amortized costs before changes in contractual cash flows for the year ended December 31, 2025 is 56,978 million Won, with net losses recognized along with the changes 9,244 million Won and for the year end December 31, 2024 is 52,420 million Won, with net losses recognized along with the changes 1,500 million Won, respectively. 

viii) The Bank determines which loan is subject to write-off in accordance with internal guidelines and writes off loan receivables when it is determined that the loans are practically irrecoverable. For example, loans are practically irrecoverable when application is made for rehabilitation under the Debtor Rehabilitation and Bankruptcy Act, and loans are confirmed as irrecoverable by the court's decision to waive debtor's obligation or when it is not possible to recover the loan amount through legal means such as selling debtor's assets via auctions or through any other means available. Notwithstanding the write-off, the Bank may still exercise its right of collection after the asset has been written off in accordance with its collection policies. 

As the Bank manages receivables that have not lost the right of claim to the debtor for the grounds of incomplete statute limitation and uncollected receivables under the related laws as receivable charge-offs, the balance as of December 31, 2025 and 2024 is 7,653,568 million Won and 7,357,330 million Won, respectively. In addition, the contractual uncollected amount of financial assets written off during the year ended December 31, 2025, but still in the process of recovery is 668,476 million Won.

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(2) Market risk

Market risk is the possible risk of loss arising from trading activities and non-trading activities in the volatility of market factors such as interest rates, stock prices and foreign exchange rates. Market risk arises from changes in the interest rates and foreign exchange rates for financial instruments that are not yet settled, and all contracts are exposed to a certain level of volatility according to changes in the interest rates, credit spreads, foreign exchange rates, price of equity securities, etc.

Market risk management refers to the process of making and implementing decisions for the avoidance, acceptance or mitigation of risks by identifying the underlying source of the risks in the trading and non-trading activities and measuring its level and evaluating the appropriateness of the level of accepted market risks.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Market risk management for trading activities

The Bank has introduced and applied the Basel III standard method according to Detailed Enforcement Regulations for Supervision of Banking Business 3-2> as a measurement method of market risk since 2023. On a consolidated basis, the market risk capital requirements used for calculating the BIS ratio are determined by aggregating the capital required for sensitivity-based methods, default risk, and residual risk, and are managed within the established internal capital limit.

The sensitivity-based method measures linear and nonlinear losses that may occur due to unfavorable fluctuations such as interest rates, credit spreads, stock prices, exchange rates, and general commodity prices, and measures losses that may occur due to sudden bankruptcy not considered in the sensitivity method. Other losses not considered in the sensitivity method and default risk are measured in the residual risk required equity capital.

The foreign exchange positions intentionally opened to mitigate the impact of exchange rate fluctuations on the capital ratio, specifically for overseas business investments in key operating currencies such as IDR, VND, and CNY, are excluded from the calculation of market risk capital requirements with the approval of structural foreign exchange positions from the financial regulatory authorities. However, they are managed within market internal capital, among others.

In addition, in the event of extreme situations such as the IMF crisis and the global financial crisis, stress tests are conducted every month to measure the size of losses to prepare for crises.

Market risk limits, including internal capital, loss and VaR limits, are allocated annually by the Board Risk Management Committee and Executive Risk Management Committee based on business groups, departments, teams and risk factors, while the position management department sets limits for business units excluding the derivatives book. Compliance with limits is independently monitored by both the operation department and the Risk Management Dept. And the details of the limit monitoring are regularly reported to the Executive Risk Management Committee and the Board Risk Management Committee.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Trading activities

The market risk required equity capital at the end of the reporting period by risk group is as follows (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
|  | Risk group | December 31, 2025 | December 31, 2024 |
|  Sensitivity-based risk | General interest rate risk | 34292 | 29029 |
|  | Equity risk | 3152 | 3006 |
|  | General commodity risk | 3 | 51 |
|  | Foreign exchange risk (\*) | 110144 | 114174 |
|  | Non-securitization credit spread risk | 23797 | 18258 |
|  | Securitization (excluding correlation trading portfolio, CTP) credit spread risk |  |  |
|  | CTP credit spread risk |  |  |
|  Default risk | Non- Securitization bankruptcy risk | 9207 | 8604 |
|  | Securitization (excluding CTP) default risk |  |  |
|  | CTP default risk |  |  |
|  Residual risk | Residual risk | 1106 | 1182 |
|  | Total | 181701 | 174304 |

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(\*) The structural foreign exchange positions approved by the Financial Supervisory Service Governor are excluded from the calculation of the foreign exchange capital requirements.

ii) Market risk management for non-trading activities

For non-trading sectors of the Bank, NII (Net Interest Income) and NPV (Net Present Value) simulations are operated through the ALM (Asset Liability Management) system, and interest rate risks are managed and measured by various analysis methods, such as calculating ΔNII (change in Net Interest Income) and ΔEVE (change in Economic Value of Equity).

NII is primarily an indicator of changes in profit from short-term changes in interest rates and is measured by deducting the interest expenses on the liability from the interest income from the asset. NPV is primarily an indicator of the risk of an economic value perspective resulting from fluctuations in interest rates and is measured by subtracting the present value of the liability from the present value of the asset. ΔNII indicates a change in net interest income over a specified future period (e.g., 1 year) due to fluctuations in interest rates, and ΔEVE indicates the economic value changes in equity capital resulting from changes in interest rates affecting the present value of asset, liabilities, and off-balance-sheet items.

Applying six scenarios of interest rate risk shocks (parallel increase and decrease, steepener, flattener and short-term interest rate increase and decrease), the interest rate risks of IRRBB (Interest Rate Risk in the Banking Book) are calculated. Based on the six scenarios above, the change in economic value of equity (ΔEVE) is measured, the maximum of which is the final ΔEVE. Also, the maximum calculated based on the two scenarios (parallel increase and decrease) is the final ΔNII.

For assets and liabilities as of December 31, 2025 and 2024, ΔEVE and ΔNII calculated based on interest rate risk in banking book (IRRBB) are as follows (Unit: Korean Won in millions):

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| | | | |
|:---|:---|:---|:---|
| December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
| ΔEVE (\*1) | ΔNII (\*2) | ΔEVE (\*1) | ΔNII (\*2) |
| 333874 | 720920 | 783172 | 710685 |

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(\*1) ΔEVE: change in Economic Value of Equity

(\*2) ΔNII: change in Net Interest Income

------

The Bank measures and manages the risks resulting from interest rate fluctuations caused by mismatches in interest rates and maturities of assets and liabilities. At the interest rate re-pricing date, cash flows (both principal and interest) of interest-bearing assets and liabilities, which is the basis of non-trading position interest rate risk management are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Asset: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 222967995 | 48006581 | 18694642 | 11277382 | 62215480 | 2644980 | 365807060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 21445 |  |  |  |  |  | 21445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 15422275 | 3781877 | 2489062 | 1978694 | 23307523 | 1239784 | 48219215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 944068 | 1049537 | 2193501 | 2125125 | 11904679 | 1142341 | 19359251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 239355783 | 52837995 | 23377205 | 15381201 | 97427682 | 5027105 | 433406971 |
|  Liability: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 162727753 | 52523051 | 41694291 | 41100872 | 60356306 | 29217 | 358431490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 18800947 | 2341629 | 1058369 | 942171 | 2644443 | 518214 | 26305773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 3722023 | 1689439 | 1919818 | 1950739 | 18909791 | 2555145 | 30746955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 185250723 | 56554119 | 44672478 | 43993782 | 81910540 | 3102576 | 415484218 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Asset: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost | 209754801 | 48861282 | 22091076 | 13766595 | 59663804 | 2972722 | 357110280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL | 22850 |  |  |  |  |  | 22850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI | 6759630 | 4833724 | 2346824 | 2567298 | 25857015 | 1357034 | 43721525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 1168747 | 1550614 | 1742034 | 628917 | 12898211 | 1817296 | 19805819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 217706028 | 55245620 | 26179934 | 16962810 | 98419030 | 6147052 | 420660474 |
|  Liability: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 160594127 | 50075938 | 43055529 | 38700998 | 58603669 | 34242 | 351064503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 14915413 | 2125771 | 1066941 | 1089172 | 2460850 | 513870 | 22172017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures | 2623670 | 3528439 | 2602985 | 1633304 | 14766804 | 2611435 | 27766637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 178133210 | 55730148 | 46725455 | 41423474 | 75831323 | 3159547 | 401003157 |

---

------

iii) Currency risk

The Bank manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. The Risk Management Committee sets market internal capital limits for each group to manage market risks, including currency risk. The trading desks and dealers manage the comprehensive position by operating spot foreign exchange and currency derivatives within the set market risk and foreign exchange position limits.

Financial instruments in foreign currencies exposed to currency risk as of December 31, 2025 and 2024 are as follows (Unit: USD in millions, JPY in millions, CNY in millions, EUR in millions, and Korean Won in millions):

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | | USD | USD | JPY | JPY | CNY | CNY | EUR | EUR | Others | Total |
|  | | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent |
|  Asset | Cash and cash equivalents | 10249 | 14706248 | 161769 | 1484439 | 83 | 16951 | 130 | 219225 | 260730 | 16687593 |
|  | Loans and other financial assets at amortized cost | 15756 | 22607837 | 98422 | 903147 | 1352 | 276962 | 2069 | 3487143 | 2357272 | 29632361 |
|  | Financial assets at FVTPL | 1089 | 1562783 | 4835 | 44367 |  |  | 190 | 320823 | 51258 | 1979231 |
|  | Financial assets at FVTOCI | 2363 | 3390995 |  |  |  |  | 271 | 456846 | 617732 | 4465573 |
|  | Securities at amortized cost | 557 | 799783 |  |  |  |  |  |  | 16846 | 816629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 30014 | 43067646 | 265026 | 2431953 | 1435 | 293913 | 2660 | 4484037 | 3303838 | 53581387 |
|  Liability | Financial liabilities at FVTPL | 62 | 88508 |  | 1 |  |  |  | 774 | 137 | 89420 |
|  | Deposits due to customers | 17855 | 25619863 | 214343 | 1966873 | 1704 | 348876 | 5664 | 9548682 | 1861231 | 39345525 |
|  | Borrowings | 8380 | 12024145 | 34754 | 318915 | 99 | 20303 | 596 | 1004852 | 382934 | 13751149 |
|  | Debentures | 3093 | 4438023 |  |  |  |  |  |  |  | 4438023 |
|  | Other financial liabilities | 2889 | 4146049 | 12113 | 111154 | 234 | 47949 | 60 | 101901 | 186070 | 4593123 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 32279 | 46316588 | 261210 | 2396943 | 2037 | 417128 | 6320 | 10656209 | 2430372 | 62217240 |
|  Off-balance accounts | Off-balance accounts | 9630 | 13818579 | 19704 | 180807 | 1274 | 260767 | 681 | 1148038 | 436653 | 15844844 |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | | USD | USD | JPY | JPY | CNY | CNY | EUR | EUR | Others | Total |
|  | | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Foreign<br>currency | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent | Korean<br>Won<br>equivalent |
|  Asset | Cash and cash equivalents | 7669 | 11273774 | 76878 | 719944 | 230 | 46231 | 84 | 127877 | 229820 | 12397646 |
|  | Loans and other financial assets at amortized cost | 14895 | 21895927 | 103400 | 968320 | 4227 | 850810 | 2212 | 3382452 | 2474288 | 29571797 |
|  | Financial assets at FVTPL | 966 | 1420278 | 6655 | 62327 |  |  | 154 | 234683 | 46882 | 1764170 |
|  | Financial assets at FVTOCI | 3303 | 4854847 |  |  |  |  | 14 | 21472 | 544105 | 5420424 |
|  | Securities at amortized cost | 718 | 1055442 |  |  |  |  |  |  | 25821 | 1081263 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 27551 | 40500268 | 186933 | 1750591 | 4457 | 897041 | 2464 | 3766484 | 3320916 | 50235300 |
|  Liability | Financial liabilities at FVTPL | 112 | 164400 | 2 | 15 |  |  | 1 | 1766 | 687 | 166868 |
|  | Deposits due to customers | 18752 | 27565607 | 249024 | 2332060 | 2526 | 508444 | 1944 | 2972155 | 1771311 | 35149577 |
|  | Borrowings | 7936 | 11666633 | 48801 | 457012 | 284 | 57146 | 814 | 1243829 | 594472 | 14019092 |
|  | Debentures | 3379 | 4967433 |  |  |  |  |  |  |  | 4967433 |
|  | Other financial liabilities | 1895 | 2786006 | 20479 | 191786 | 2315 | 466007 | 240 | 366260 | 314329 | 4124388 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 32074 | 47150079 | 318306 | 2980873 | 5125 | 1031597 | 2999 | 4584010 | 2680799 | 58427358 |
|  Off-balance accounts | Off-balance accounts | 8295 | 12194238 | 23861 | 223454 | 1371 | 275934 | 653 | 997941 | 1393216 | 15084783 |

---

------

(3) Liquidity risk

Liquidity risk management prevents financial institutions from incurring losses due to lack of funds by effectively managing liquidity shortages that can occur due to inconsistent maturity of assets and liabilities or an unexpected outflow of funds. The entire assets and liabilities within the financial statements and off-balance sheet accounts that can generate cash-flow are subject to liquidity risk management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Liquidity risk management

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Basel III regulatory response

Through the standard ALM system, liquidity risks are managed by dividing them into short-term (liquidity coverage ratio, within 30 days) and mid- to long-term (net stabilization fund procurement ratio, over one year). Daily Liquidity Coverage Ratio (LCR) and quarterly Net Stable Funding Ratio (NSFR) are calculated and monitored, and relevant information is provided in accordance with the disclosure standards of the Basel Committee on Banking Supervision (BCBS).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Analysis of financing and operation status by maturity

As assets and liabilities are grouped into ALM account (COA; Chart of account) according to their account characteristics, and the gap ratio is identified through cash flow reports by various time and segment (e.g., by remaining period, contract period, etc.), the Bank manages the liquidity risk by keeping the target ratio (limited) set this year. In addition, the Bank established and manages the target ratio of concentration of funding for specific funding sources that are highly likely to withdraw. The Bank also provides a function through daily ALM system to search relevant maturity report by business group so that related departments (e.g., the Financial Planning Department, the Treasury Department, each business group, etc.) can identify liquidity risk management indicators and status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Establishment and implementation of Contingency Plan

Various inspection items related to liquidity risk are monitored on a daily or weekly basis by establishing and regularly inspecting the preceding Contingency Plan in order to effectively cope with the risk of capital outflow and procurement due to rapid and unexpected changes in market conditions. In addition, the Bank has strengthened monitoring related to foreign currency liquidity by operating a foreign currency contingency plan separately from January 2012.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Inspection items related to liquidity risk on the Contingency Plan checklist

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amount of Won and foreign currency and insufficiency of funds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Liquidity coverage ratio (monthly average balance, daily balance)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The amounts of deposits and withdrawals (saving deposit in Korean Won, depository)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Overdraft limit exhaustion rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Percentage of reduction in the balance of deferred deposits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Percentage of concentration of funding by subject and period

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Won and foreign currency funding spread

------

ii) Maturity analysis of non-derivative financial liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Cash flows of principals and interests by remaining contractual maturities of non-derivative financial liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Financial liabilities at FVTPL | 436572 | 53234 | 52655 | 32389 | 324118 | 17501 | 916469 |
|  Deposits due to customers | 233660615 | 41102090 | 30260029 | 41996265 | 12762148 | 358819 | 360139966 |
|  Borrowings | 12300740 | 4139382 | 3554313 | 2863089 | 3134120 | 518214 | 26509858 |
|  Debentures | 3398896 | 1691707 | 1922086 | 2277982 | 18909791 | 2555145 | 30755607 |
|  Lease liabilities | 43138 | 34587 | 31232 | 26941 | 200293 | 900 | 337091 |
|  Other financial liabilities | 22199582 |  |  |  |  | 3782829 | 25982411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 272039543 | 47021000 | 35820315 | 47196666 | 35330470 | 7233408 | 444641402 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over<br>5 years | Total |
|  Financial liabilities at FVTPL | 74205 |  |  |  |  |  | 74205 |
|  Deposits due to customers | 228817183 | 39365840 | 32087428 | 39540677 | 12352715 | 501541 | 352665384 |
|  Borrowings | 6708466 | 5063765 | 4078088 | 3160313 | 2890869 | 513870 | 22415371 |
|  Debentures | 2073670 | 3683287 | 2606561 | 2036919 | 14766804 | 2611435 | 27778676 |
|  Lease liabilities | 44324 | 35462 | 32238 | 28552 | 205258 | 26898 | 372732 |
|  Other financial liabilities | 17005872 |  |  |  |  | 4220186 | 21226058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 254723720 | 48148354 | 38804315 | 44766461 | 30215646 | 7873930 | 424532426 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Cash flows of principals and interests by expected maturities of non-derivative financial liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 445949 | 60227 | 57368 | 36549 | 296086 | 17501 | 913680 |
|  Deposits due to customers | 240545185 | 43137608 | 29780153 | 36183335 | 9922050 | 194819 | 359763150 |
|  Borrowings | 12300740 | 4139382 | 3554313 | 2863089 | 3134120 | 518214 | 26509858 |
|  Debentures | 3398896 | 1691707 | 1922086 | 2277982 | 18909791 | 2555145 | 30755607 |
|  Lease liabilities | 43142 | 35729 | 32388 | 28106 | 200534 | 900 | 340799 |
|  Other financial liabilities | 22199582 |  |  |  |  | 3782829 | 25982411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 278933494 | 49064653 | 35346308 | 41389061 | 32462581 | 7069408 | 444265505 |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  Financial liabilities at FVTPL | 74205 |  |  |  |  |  | 74205 |
|  Deposits due to customers | 234475073 | 41162636 | 31796373 | 34635657 | 9853396 | 217074 | 352140209 |
|  Borrowings | 6708466 | 5063765 | 4078088 | 3160313 | 2890869 | 513870 | 22415371 |
|  Debentures | 2073670 | 3683287 | 2606561 | 2036919 | 14766804 | 2611435 | 27778676 |
|  Lease liabilities | 44327 | 36607 | 33438 | 29753 | 209570 | 26898 | 380593 |
|  Other financial liabilities | 17005872 |  |  |  |  | 4220186 | 21226058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 260381613 | 49946295 | 38514460 | 39862642 | 27720639 | 7589463 | 424015112 |

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iii) Maturity analysis of derivative financial liabilities

Derivatives held for trading are not managed in accordance with their contractual maturity, since the Bank holds such financial instruments with the purpose of disposing or redeeming them before their maturity. As such, those derivatives are classified as "within 3 months" in the table below. The cash flows from derivatives designated for hedging are estimated by offsetting cash inflows and cash outflows.

The cash flow by the maturity of derivative financial liabilities as of December 31, 2025 and 2024 is as follows (Unit: Korean Won in millions):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Within 3<br>months | 4 to 6<br>months | 7 to 9<br>months | 10 to 12<br>months | 1 to 5<br>years | Over 5<br>years | Total |
|  December 31, 2025 | Fair value hedge | 4867 | 11239 | (3279) | 13407 | 1247 | (10613) | 16868 |
|  | Trading | 5107538 |  |  |  |  |  | 5107538 |
|  December 31, 2024 | Fair value hedge | (6816) | 46231 | (11740) | 44950 | 35764 | (5834) | 102555 |
|  | Trading | 9124626 |  |  |  |  |  | 9124626 |

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iv) Maturity analysis of off-balance accounts (guarantees, loan commitments and others)

A guarantee represents an irrevocable undertaking that the Bank should meet a customer's obligations to third parties if the customer fails to do so. The loan commitment represents the limit if the Bank has promised credit to the customers. Loan commitments include commercial standby facilities and credit lines, liquidity facilities to commercial paper conduits, and utilized overdraft facilities. The maximum payment limit by the Bank in accordance with guarantees and loan commitment only applies to principal amounts. In the case of payment guarantees, which correspond to financial guarantees such as debenture issuance, loan collateral, loan commitments and other credit offerings provided by the Bank, there is a contract maturity date; however, payment must be executed immediately upon the counterparty's request. Details of off-balance accounts as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Guarantees |  | 18448946 |  | 18703691 |
|  Loan commitments |  | 86157613 |  | 88385611 |
|  Other |  | 7520384 |  | 6871259 |

---

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(4) Operational risk

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Definition

The Bank defines the operational risk as the risk of potential losses arising from inadequate or incorrect internal procedures, human resource and system, and/or external factors.

ii) Operational risk measurement and management

The Bank measures operational risk capital using the Basel III standardized approach. This approach calculates the required operational risk capital by multiplying the Business Indicator Component (BIC), which represents the scale of operations, with the Internal Loss Multiplier (ILM), which reflects the magnitude of actual historical internal losses relative to the scale of operations.

Operational risk limits are set with the approval of the Board of Risk Management Committee. The Bank regularly calculates the operational risk capital and reports to the management, the Board of Risk Management Committee, and others.

Since a reduction in the size of internal loss events leads to a decrease in operational risk capital, it is important to prevent loss events in advance. Accordingly, the Bank conducts operational risk management activities using tools such as Risk Control Self-Assessment (RCSA), Key Risk Indicators (KRI), and loss data. Additionally, to ensure continuity of operations in emergency situations, such as disasters, the Bank has established a Business Continuity Plan (BCP) and conducts annual simulation drills.

(5) Capital management

The Bank complies with the standard of capital adequacy provided by financial regulatory authorities. The capital adequacy standard is based on Basel III published by Basel Committee on Banking Supervision in Bank for International Settlement which has been implemented in Korea in December 2013. The capital adequacy ratio is calculated by dividing own capital by asset (weighted with a risk premium – risk weighted assets) based on the consolidated financial statements of the Bank.

According to the above regulations, the Bank is required to meet the following minimum requirements: Common Equity Tier 1 capital ratio of 9.0% , a Tier 1 capital ratio of 10.5% , a minimum total capital ratio of 12.5% as of December 31, 2025, respectively.

Details of the Bank's capital adequacy ratio as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 (\*) | December 31, 2024 |
|  Risk-weighted assets for credit risk | 165110790 | 171533503 |
|  Risk-weighted assets for market risk | 2271256 | 2178805 |
|  Risk-weighted assets for operational risk | 18761441 | 18296422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-weighted assets | 186143487 | 192008730 |
|  Common Equity Tier 1 capital | 26296573 | 25060125 |
|  Other Tier 1 capital | 1412550 | 1652581 |
|  Tier 2 capital | 3581401 | 3717491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total risk-adjusted capital | 31290524 | 30430197 |
|  Common Equity Tier 1 ratio | 14.13% | 13.05% |
|  Tier 1 capital ratio | 14.89% | 13.91% |
|  Total capital ratio | 16.81% | 15.85% |

---

(\*) Tier 1 capital ratio as of December 31, 2025 is estimation.

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**5.** **OPERATING SEGMENTS** 

In evaluating the results of the Bank and allocating resources, the Bank's Chief Operation Decision Maker (the "CODM") utilizes the information per type of customers. This financial information of the segments is regularly reviewed by the CODM.

(1) Segment by type of customers

The Bank's reporting segments comprise the following customers: consumer banking, corporate banking, investment banking, capital market and headquarters and others. The reportable segments are classified based on the target customers for whom the service is being provided.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Consumer banking: Loans/deposits and financial services for retail and individual consumers, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Corporate banking: Loans/deposits and export/import, Financial services for corporations, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investment banking: Domestic/foreign investment, Structured finance, M&A, Equity & fund investment
related business, Venture advisory related tasks, Real estate SOC development practices, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital market: Investment in securities and derivatives, etc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Headquarters and others: Segments that do not belong to operating segments above

The details of operating income by each segment for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumer<br>banking | Corporate<br>banking | Investment<br>banking | Capital market | Headquarters<br>and others | Sub-total | Adjustments (\*) | Total |
|  Net interest income(expense) | 2073271 | 3134469 | (221612) | (41276) | 1008050 | 5952902 | 1001619 | 6954521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 5887905 | 7127115 | 444641 | 120150 | 2146050 | 15725861 | 664153 | 16390014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (2338283) | (6169595) | (29) | 16162 | (1281214) | (9772959) | 337466 | (9435493) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | (1476351) | 2176949 | (666224) | (177588) | 143214 |  |  |  |
|  Net non-interest income | 484596 | 643090 | 548876 | 172300 | 284502 | 2133364 | (963768) | 1169596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest income | 401231 | 644892 | 783327 | 11720595 | 1249548 | 14799593 | (12707511) | 2092082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest expense | (28489) | (99705) | (234451) | (11548295) | (755289) | (12666229) | 11743743 | (922486) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | 111854 | 97903 |  |  | (209757) |  |  |  |
|  Other expense | (1972820) | (1694632) | (41890) | (16377) | (921012) | (4646731) | (37851) | (4684582) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative expense | (1942080) | (1210708) | (40019) | (32194) | (632461) | (3857462) |  | (3857462) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (provision for) expected credit loss allowance | (30740) | (483924) | (1871) | 15817 | (288551) | (789269) | (37851) | (827120) |
|  Operating income | 585047 | 2082927 | 285374 | 114647 | 371540 | 3439535 |  | 3439535 |
|  Non-operating income(expense) | (2822) | (23511) | 33454 | (32211) | (105844) | (130934) |  | (130934) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss on investments in subsidiaries and associates |  |  | (273) |  | (5095) | (5368) |  | (5368) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-operating income (expense) | (2822) | (23511) | 33727 | (32211) | (100749) | (125566) |  | (125566) |
|  Net income before income tax expense | 582225 | 2059416 | 318828 | 82436 | 265696 | 3308601 |  | 3308601 |
|  Income tax expense (income) | (153708) | (549578) | (84171) | (21763) | 59479 | (749741) |  | (749741) |
|  Net income | 428517 | 1509838 | 234657 | 60673 | 325175 | 2558860 |  | 2558860 |

---

(\*) Adjustments were made for the presentation of profit or loss in accordance with K-IFRS from the reporting segments in accordance with the Managerial Accounting Standards.

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumer<br>banking | Corporate<br>banking | Investment<br>banking | Capital market | Headquarters<br>and others | Sub-total | Adjustments (\*) | Total |
|  Net interest income (expense) | 2347537 | 3236304 | (268845) | (61738) | 469538 | 5722796 | 1018987 | 6741783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 6072087 | 8459406 | 462395 | 118247 | 2156385 | 17268520 | 713858 | 17982378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expense | (3225417) | (6906235) | (58) | 11696 | (1425710) | (11545724) | 305129 | (11240595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | (499133) | 1683133 | (731182) | (191681) | (261137) |  |  |  |
|  Net non-interest income | 435555 | 611386 | 584626 | 206750 | 7526 | 1845843 | (868372) | 977471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest income | 413213 | 657790 | 798762 | 19470420 | 631981 | 21972166 | (18594932) | 3377234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest expense | (67906) | (130075) | (214136) | (19263670) | (450536) | (20126323) | 17726560 | (2399763) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Inter-segment | 90248 | 83671 |  |  | (173919) |  |  |  |
|  Other expense | (1967867) | (1580876) | (24618) | (54003) | (247510) | (3874874) | (150615) | (4025489) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative expense | (1893526) | (1097939) | (32348) | (33495) | (269916) | (3327224) |  | (3327224) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of (provision for) expected credit loss allowance | (74341) | (482937) | 7730 | (20508) | 22406 | (547650) | (150615) | (698265) |
|  Operating income | 815225 | 2266814 | 291163 | 91009 | 229554 | 3693765 |  | 3693765 |
|  Non-operating income (expense) | (63998) | (6900) | 49216 |  | (9544) | (31226) |  | (31226) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss on investments in subsidiaries and associates |  |  | (1107) |  | (1279) | (2386) |  | (2386) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other non-operating income (expense) | (63998) | (6900) | 50323 |  | (8265) | (28840) |  | (28840) |
|  Net income before income tax expense | 751227 | 2259914 | 340379 | 91009 | 220010 | 3662539 |  | 3662539 |
|  Income tax expense (income) | (198324) | (583029) | (89860) | (24026) | 27252 | (867987) |  | (867987) |
|  Net income | 552903 | 1676885 | 250519 | 66983 | 247262 | 2794552 |  | 2794552 |

---

(\*) Adjustments were made for the presentation of profit or loss in accordance with K-IFRS from the reporting segments in accordance with the Managerial Accounting Standards.

(2) Information about products and services

The products of the Bank are classified as interest-bearing products such as loans, deposits and debt securities and non-interest-bearing products such as loan commitment, credit commitment, equity securities, and credit card service. This classification of products has been reflected in the segment information presenting interest income and non-interest income.

(3) Information about geographical area

Among the Bank's revenue (interest income and non-interest income) from services, revenue from the domestic customers for the years ended December 31, 2025 and 2024 amounted to 17,210,777 million Won and 19,832,897 million Won, respectively, and revenue from the foreign customers amounted to 1,271,319 million Won and 1,526,715 million Won, respectively. Among the Bank's non-current assets (investments in subsidiaries and associates, investment properties, Properties and equipment and intangible assets), non-current assets attributed to domestic customers as of December 31, 2025 and 2024 are 7,972,807 million Won and 8,021,004 million Won, respectively, and non-current assets attributed to foreign customers are 28,089 million Won and 34,477 million Won, respectively.

(4) Information about major customers

The Bank does not have any single customer that generates 10% or more of the Bank's total revenue for the years ended December 31, 2025 and 2024, respectively.

------

**6.** **CASH AND CASH EQUIVALENTS** 

(1) Details of cash and cash equivalents as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Cash | 1825654 | 1661098 |
|  Foreign currencies | 533684 | 697455 |
|  Demand deposits | 32595874 | 21386723 |
|  Time deposits | 114997 | 27405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 35070209 | 23772681 |

---

(2) Details of restricted due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2025 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from Bank of Korea (BOK) | BOK | 16555802 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
|  Due from banks on demand | BOK and others | 6737243 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23293045 |  |
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from Bank of Korea (BOK) | BOK | 9712194 | Reserve deposits under the BOK Act |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | BOK and others | 2679127 | Reserve deposits and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 12391321 |  |

---

------

(3) Among the investing and financing activities, significant transactions not involving cash inflows and outflows
for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended<br>December 31, 2025 | For the year ended<br>December 31, 2024 |
|  Changes in other comprehensive income (loss) due to valuation of financial assets at FVTOCI | (45871) | (23722) |
|  Changes in accounts payable related to acquisition of financial assets at FVTOCI | 29307 |  |
|  Changes in financial assets at FVTOCI due to debt—equity swap |  | 13536 |
|  Changes in other comprehensive income (loss) of foreign operations translation | (9168) | 33520 |
|  Changes in other comprehensive income (loss) related to hedges of net investment in foreign operations | 2377 | (12217) |
|  Reclassification investment property to properties and equipment |  | 65280 |
|  Reclassification properties and equipment to investment properties | 14440 |  |
|  Reclassification properties and equipment to assets held for sale | 107479 | 19692 |
|  Reclassification investment properties to assets held for sale | 35137 |  |
|  Increase in the right-of-use assets and lease liabilities | 116468 | 294255 |
|  Changes in accounts payable related to acquisition of intangible assets | (6808) | 24134 |

---

(4) Adjustments of liabilities from financing activities for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | January 1, 2025 | Cash flow | Not involving cash inflows and outflows | Not involving cash inflows and outflows | Not involving cash inflows and outflows | December 31,<br>2025 |
|  | January 1, 2025 | Cash flow | Foreign<br>exchange | Changed in<br>value of<br>hedged items | Others | December 31,<br>2025 |
|  Borrowings | 21887868 | 4466273 | (297493) |  | 5 | 26056653 |
|  Debentures | 25530318 | 2908339 | (126685) | 80760 | 142740 | 28535472 |
|  Lease liabilities | 349797 | (171528) | (538) |  | 125608 | 303339 |
|  Net Derivative Liability (Hedging Purpose | 92532 | (9109) |  | (93549) | 166 | (9960) |
|  Rental deposit | 39414 | (51) |  |  |  | 39363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 47899929 | 7193924 | (424716) | (12789) | 268519 | 54924867 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | January 1, 2024 | Cash flow | Not involving cash inflows and outflows | Not involving cash inflows and outflows | Not involving cash inflows and outflows | December 31,<br>2024 |
|  | January 1, 2024 | Cash flow | Foreign<br>exchange | Changed in<br>value of<br>hedged items | Others | December 31,<br>2024 |
|  Borrowings | 21461867 | (1327778) | 1753756 |  | 23 | 21887868 |
|  Debentures | 21273027 | 3377666 | 683588 | 17417 | 178620 | 25530318 |
|  Lease liabilities | 205854 | (171368) | 2524 |  | 312787 | 349797 |
|  Net Derivative Liability (Hedging Purpose | 134565 | (25442) |  | (5265) | (11326) | 92532 |
|  Rental deposit | 57104 | (17690) |  |  |  | 39414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 43132417 | 1835388 | 2439868 | 12152 | 480104 | 47899929 |

---

------

**7.** **FINANCIAL ASSETS AT FVTPL** 

Details of financial assets at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking assets | 261470 | 73951 |
|  Securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 3199025 | 3630434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 19953 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned |  | 12361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 280408 | 283961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2417984 | 2231904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 9926494 | 8882787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 181982 | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 16025846 | 15230325 |
|  Derivatives assets | 5792257 | 10067381 |
|  Others | 47191 | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22126764 | 25420003 |

---

Financial assets designated to be measured at FVTPL upon initial recognition is nil as of December 31, 2025 and 2024.

**8.** **FINANCIAL ASSETS AT FVTOCI** 

(1) Details of financial assets at FVTOCI as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Debt securities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean treasury and government agencies | 6333111 | 7776569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial institutions | 27980461 | 25266162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporates | 3248996 | 3032609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds denominated in foreign currencies | 4429706 | 5406920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed debt securities | 4020400 | 87647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities loaned | 238406 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 46251080 | 41569907 |
|  Equity securities | 885224 | 737658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 47136304 | 42307565 |

---

(2) Details of equity securities designated as financial assets at FVTOCI as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
| Purpose of acquisition | December 31, 2025 | December 31, 2024 |
|  Investment for strategic business partnership purpose | 788429 | 636031 |
|  Debt-equity swap | 96795 | 101627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 885224 | 737658 |

---

------

(3) Changes in the expected credit loss allowance and gross carrying amount of financial assets at FVTOCI for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (26596) |  |  | (26596) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (8595) |  |  | (8595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 6644 |  |  | 6644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 560 |  |  | 560 |
|  Ending balance | (27987) |  |  | (27987) |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (24714) |  |  | (24714) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (8865) |  |  | (8865) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 6788 |  |  | 6788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 195 |  |  | 195 |
|  Ending balance | (26596) |  |  | (26596) |

---

(\*) Others consist of foreign currencies translation, etc.

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 41569907 |  |  | 41569907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 35197016 |  |  | 35197016 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal/Redemption | (30245895) |  |  | (30245895) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on fair value valuation | (231088) |  |  | (231088) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 127128 |  |  | 127128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (165988) |  |  | (165988) |
|  Ending balance | 46251080 |  |  | 46251080 |

---

(\*) Others consist of foreign currencies translation, etc.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 35303429 |  |  | 35303429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 30557870 |  |  | 30557870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal/Redemption | (25376177) |  |  | (25376177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on fair value valuation | 224885 |  |  | 224885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 133211 |  |  | 133211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 726689 |  |  | 726689 |
|  Ending balance | 41569907 |  |  | 41569907 |

---

(\*) Others consist of foreign currencies translation, etc.

(4) The reason for the disposal of equity securities designated as financial assets at FVTOCI during the years
ended December 31, 2025 and 2024 include the disposal of stocks acquired through debt-equity swaps, etc. The fair values at disposal dates and the cumulative gains or losses are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31, | For the years ended December 31, |
|  | 2025 | 2024 |
|  Fair value at disposal date | 10907 | 155637 |
|  Cumulative losses | (1800) | 72744 |

---

**9.** **SECURITIES AT AMORTIZED COST** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of securities at amortized cost as of December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Korean treasury and government agencies | 9698695 | 7646463 |
|  Financial institutions | 3352648 | 4004011 |
|  Corporates | 4587882 | 5997996 |
|  Bond denominated in foreign currencies | 816629 | 1081262 |
|  Credit loss allowances | (10790) | (10468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18445064 | 18719264 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Changes in the expected credit loss allowance and gross carrying amount of securities at amortized cost for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (10468) |  |  | (10468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (335) |  |  | (335) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 13 |  |  | 13 |
|  Ending balance | (10790) |  |  | (10790) |

---

(\*) Others consist of foreign currencies translation, etc.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (13626) |  |  | (13626) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of expected credit loss allowance | 3233 |  |  | 3233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (75) |  |  | (75) |
|  Ending balance | (10468) |  |  | (10468) |

---

(\*) Others consist of foreign currencies translation, etc.

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 18729732 |  |  | 18729732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 5149914 |  |  | 5149914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Redemption | (5525516) |  |  | (5525516) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 112417 |  |  | 112417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (10693) |  |  | (10693) |
|  Ending balance | 18455854 |  |  | 18455854 |

---

(\*) Others consist of foreign currencies translation, etc.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 23598234 |  |  | 23598234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 2494615 |  |  | 2494615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal / Redemption | (7616152) |  |  | (7616152) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization on the effective interest method | 91116 |  |  | 91116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 161919 |  |  | 161919 |
|  Ending balance | 18729732 |  |  | 18729732 |

---

(\*) Others consist of foreign currencies translation, etc.

------

**10.** **LOANS AND OTHER FINANCIAL ASSETS AT AMORTIZED COST** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of loans and other financial assets at amortized cost as of December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks | 695395 | 857811 |
|  Loans | 337941453 | 332871221 |
|  Other financial assets | 9366401 | 8736265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 348003249 | 342465297 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Details of due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 16249 | 256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected credit loss allowance | (27) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 16222 | 256 |
|  Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | 18938 | 23935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | 156670 | 72194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 506626 | 766027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected credit loss allowance | (3061) | (4601) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 679173 | 857555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 695395 | 857811 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Details of restricted due from banks as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2025 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | MSBI LIMITED Seoul and others | 16246 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 16246 |  |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | Reserve Bank of India and others | 18938 | Local capital requirements regulation (CRR) and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on time | TORONTO DOMINION BANK, NEW YORK and others | 129141 | Federal Reserve Discount Window |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Goldman Sachs Intl., LON and others | 506626 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 654705 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 670951 |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | Counterparty | December 31, 2024 | Reason of restriction |
|  Due from banks in local currency: | Due from banks in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | Korea Exchange Co., Ltd. and others | 253 | Accumulated amount for Joint Compensation Fund and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 253 |  |
|  Due from banks in foreign currencies: | Due from banks in foreign currencies: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks on demand | Reserve Bank of India and others | 23935 | Local capital requirements regulation (CRR) and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | BNP-PARIBAS, PAR and others | 759348 | Credit Support Annex (CSA) collateral and others |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 783283 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 783536 |  |

---

(4) Changes in the expected credit loss allowances and gross carrying amount of due from banks for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Credit loss allowances

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (4601) |  |  | (4601) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of expected credit loss allowance | 1513 |  |  | 1513 |
|  Ending balance | (3088) |  |  | (3088) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (3327) |  |  | (3327) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (1274) |  |  | (1274) |
|  Ending balance | (4601) |  |  | (4601) |

---

------

ii) Gross carrying amount 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 862412 |  |  | 862412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease | (163929) |  |  | (163929) |
|  Ending balance | 698483 |  |  | 698483 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 926001 |  |  | 926001 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net decrease | (63589) |  |  | (63589) |
|  Ending balance | 862412 |  |  | 862412 |

---

(5) Details of loans as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Loans in local currency | 300758900 | 299968927 |
|  Loans in foreign currencies | 16591089 | 16909942 |
|  Domestic banker's usance | 2602802 | 2763613 |
|  Bills bought in foreign currencies | 4331586 | 4115225 |
|  Bills bought in local currency | 5231 | 5965 |
|  Factoring receivables | 130 | 237 |
|  Advances for customers on guarantees | 11909 | 4880 |
|  Private placement bonds | 32350 | 47300 |
|  Call loans | 1238633 | 697083 |
|  Bonds purchased under resale agreements | 13470200 | 9609800 |
|  Loan origination costs and fees | 684950 | 668530 |
|  Discounted present value |  | 1 |
|  Expected credit loss allowance | (1786327) | (1920282) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 337941453 | 332871221 |

---

------

(6) Changes in the expected credit loss allowance of loans for the years ended December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (131935) | (105857) | (92334) | (826093) | (538035) | (226028) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (29760) | 29061 | 699 | (68501) | 68078 | 423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 13001 | (13874) | 873 | 34736 | (36538) | 1802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 5612 | 10585 | (16197) | 102050 | 110868 | (212918) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | 24224 | (28998) | (154185) | (27248) | 20655 | (647621) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (33216) |  |  | (39418) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 158938 |  |  | 517422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 23 | 1638 | 18519 | 24 | 3736 | 259609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 11970 |  |  | 26717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 2 | 1 | 2 | 8427 | 5641 | 7093 |
|  Ending balance | (118833) | (107444) | (104931) | (776605) | (365595) | (312919) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Total (\*) | Total (\*) | Total (\*) |
|  | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (958028) | (643892) | (318362) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (98261) | 97139 | 1122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 47737 | (50412) | 2675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 107662 | 121453 | (229115) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | (3024) | (8343) | (801806) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (72634) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 676360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 47 | 5374 | 278128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 38687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 8429 | 5642 | 7095 |
|  Ending balance | (895438) | (473039) | (417850) |

---

(\*) Additional loss reserves are included for borrowers who have been subject to government support policies related to COVID-19.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (105367) | (84202) | (76070) | (809271) | (517124) | (217322) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (21416) | 21157 | 259 | (63848) | 62682 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 10032 | (10632) | 600 | 56598 | (57801) | 1203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 3397 | 11699 | (15096) | 126738 | 86209 | (212947) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (18592) | (45287) | (103468) | (129038) | (115836) | (282514) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (52318) |  |  | (26462) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 135229 |  |  | 263969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 12 | 1409 | 8728 | 23 | 6675 | 237439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 9815 |  |  | 19240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (1) | (1) | (13) | (7295) | (2840) | (9800) |
|  Ending balance | (131935) | (105857) | (92334) | (826093) | (538035) | (226028) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Total (\*) | Total (\*) | Total (\*) |
|  | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | (914638) | (601326) | (293392) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (85264) | 83839 | 1425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 66630 | (68433) | 1803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 130135 | 97908 | (228043) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for expected credit loss allowance | (147630) | (161123) | (385982) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery |  |  | (78780) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 399198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | 35 | 8084 | 246167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income from impaired loans |  |  | 29055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (7296) | (2841) | (9813) |
|  Ending balance | (958028) | (643892) | (318362) |

---

(\*) Additional loss reserves are included for borrowers who have been subject to government support policies related to COVID-19.

(7) Changes in the gross carrying amount of loans for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 129837224 | 14717839 | 386623 | 178693489 | 10437028 | 719300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 4494100 | (4479906) | (14194) | 2635643 | (2633229) | (2414) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (6233979) | 6260503 | (26524) | (4188151) | 4192619 | (4468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (177659) | (224971) | 402630 | (921607) | (589646) | 1511253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (158938) |  |  | (517422) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (149) | (3986) | (169663) | (199) | (11067) | (905584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 7894626 | (1471415) | 45677 | 2586373 | (2485645) | 133669 |
|  Ending balance | 135814163 | 14798064 | 465611 | 178805548 | 8910060 | 934334 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 308530713 | 25154867 | 1105923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 7129743 | (7113135) | (16608) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (10422130) | 10453122 | (30992) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (1099266) | (814617) | 1913883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (676360) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (348) | (15053) | (1075247) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 10480999 | (3957060) | 179346 |
|  Ending balance | 314619711 | 23708124 | 1399945 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Consumers | Consumers | Consumers | Corporates | Corporates | Corporates |
|  | Stage 1 | Stage 2 | Stage 3 | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 122208011 | 14287856 | 341838 | 163705402 | 9010221 | 524251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 4488306 | (4478522) | (9784) | 2113183 | (2110200) | (2983) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (6231603) | 6255185 | (23582) | (5348943) | 5354718 | (5775) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (166956) | (203099) | 370055 | (779607) | (417653) | 1197260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (135229) |  |  | (263969) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (128) | (21525) | (155855) | (134) | (38464) | (759391) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 9539594 | (1122056) | (820) | 19003588 | (1361594) | 29907 |
|  Ending balance | 129837224 | 14717839 | 386623 | 178693489 | 10437028 | 719300 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Total | Total | Total |
|  | Stage 1 | Stage 2 | Stage 3 |
|  Beginning balance | 285913413 | 23298077 | 866089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 6601489 | (6588722) | (12767) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (11580546) | 11609903 | (29357) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (946563) | (620752) | 1567315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (399198) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (262) | (59989) | (915246) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) | 28543182 | (2483650) | 29087 |
|  Ending balance | 308530713 | 25154867 | 1105923 |

---

(8) Details of other financial assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Receivables | 6760146 | 5923026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued income | 1331704 | 1364352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Telex and telephone subscription rights and refundable deposits | 716756 | 721513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 688235 | 864822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected credit loss allowance | (130440) | (137448) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9366401 | 8736265 |

---

------

(9) Changes in the expected credit loss allowance on other financial assets for the years ended December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (3229) | (4463) | (129756) | (137448) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (254) | 228 | 26 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 121 | (138) | 17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 34 | 189 | (223) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | 713 | 816 | (4142) | (2613) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 9154 | 9154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | 467 | 467 |
|  Ending balance | (2615) | (3368) | (124457) | (130440) |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | (3656) | (4533) | (113192) | (121381) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | (274) | 257 | 17 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | 234 | (253) | 19 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | 23 | 73 | (96) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of (provision for) expected credit loss allowance | 444 | (11) | (11613) | (11180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | 429 | 429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  | 4 | 1130 | 1134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other increase (decrease) |  |  | (6450) | (6450) |
|  Ending balance | (3229) | (4463) | (129756) | (137448) |

---

(10) Changes in the gross carrying amount of other financial assets for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 8434645 | 58314 | 380754 | 8873713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 13166 | (13135) | (31) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (18862) | 18881 | (19) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (1958) | (1834) | 3792 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (9154) | (9154) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (606) | (606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) and others | 640424 | (12909) | 5373 | 632888 |
|  Ending balance | 9067415 | 49317 | 380109 | 9496841 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 11556403 | 68025 | 116673 | 11741101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit losses | 15829 | (15809) | (20) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to lifetime expected credit losses | (30096) | 30117 | (21) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (1786) | (1053) | 2839 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off |  |  | (429) | (429) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  | (7) | (1599) | (1606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net increase (decrease) and others | (3105705) | (22959) | 263311 | (2865353) |
|  Ending balance | 8434645 | 58314 | 380754 | 8873713 |

---

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**11.** **THE FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES** 

(1) The fair value hierarchy

The fair value hierarchy is determined by the level of market observable inputs. The market observable inputs reflect unique characteristics of a financial instrument or market condition (including transparency and whether there are transactions among market participants), and when a financial instrument is traded in an active market, the best estimate of its fair value is the quoted price in the active market. The Bank maximizes the use of market observable inputs and minimizes the use of unobserved firm-specific inputs to selected valuation techniques. Fair value of the Bank is measured based on the perspective of a market participant. As such, even when market observable inputs are not readily available, firm-specific inputs reflect factors that market participants would use for measuring the fair value of assets or liabilities.

The fair value measurement is described in one of the following three levels used to classify fair value measurements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1—fair value measurements are those derived from quoted prices (unadjusted) in active markets for
identical assets or liabilities. The types of financial assets or liabilities generally included in Level 1 are publicly traded equity securities, derivatives, and debt securities issued by governmental bodies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2— fair value measurements are those derived from inputs other than quoted prices included
within Level 1 that are observable for the asset or liability, either directly (i.e., prices) or indirectly (i.e., derived from prices). The types of financial assets or liabilities generally included in Level 2 are debt securities not
traded in active markets and derivatives traded in OTC but which do not require significant judgment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3— fair value measurements are those derived from valuation techniques that include inputs for
the asset or liability that are not based on observable market data (unobservable inputs). The types of financial assets or liabilities generally included in Level 3 are non-public securities and
derivatives and debt securities of which valuation techniques require significant judgments and subjectivity.

The inputs used to measure fair value may be categorized into different levels of the fair value hierarchy. In such cases, the level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Bank's assessment of the significance of a particular input to a fair value measurement in its entirety requires judgment and consideration of inherent factors of the asset or liability.

------

(2) Fair value hierarchy of financial assets and liabilities measured at fair value as of December 31, 2025
and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 261470 |  |  | 261470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 3180311 | 38667 |  | 3218978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 4283 |  | 276125 | 280408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  | 325 | 2417659 | 2417984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 287676 | 2939563 | 6699255 | 9926494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 5791337 | 920 | 5792257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currencies |  |  | 47191 | 47191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 181982 | 181982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 3733740 | 8769892 | 9623132 | 22126764 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 13495614 | 32755466 |  | 46251080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 359601 |  | 525623 | 885224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 13855215 | 32755466 | 525623 | 47136304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (designated for hedging) |  | 37010 |  | 37010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 17588955 | 41562368 | 10148755 | 69300078 |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 263251 |  |  | 263251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 5107538 |  | 5107538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 70298 |  |  | 70298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 333549 | 5107538 |  | 5441087 |
|  Financial liabilities designated to be measured at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 557501 |  | 557501 |
|  Derivative liabilities (designated for hedging) |  | 27050 |  | 27050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 333549 | 5692089 |  | 6025638 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Bank recognizes transfers among levels at the end of the reporting period in which events have occurred or conditions have changed.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Level 1 (\*) | Level 2 (\*) | Level 3 | Total |
|  Financial assets: |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 73951 |  |  | 73951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 3614390 | 28405 |  | 3642795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities |  |  | 283961 | 283961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions |  |  | 2231904 | 2231904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 121298 | 2502671 | 6258818 | 8882787 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets |  | 10066195 | 1186 | 10067381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currencies |  |  | 48346 | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  |  | 188878 | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 3809639 | 12597271 | 9013093 | 25420003 |
|  Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debt securities | 14117594 | 27452313 |  | 41569907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 315639 |  | 422019 | 737658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14433233 | 27452313 | 422019 | 42307565 |
|  Derivative assets (designated for hedging) |  | 10102 |  | 10102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18242872 | 40059686 | 9435112 | 67737670 |
|  Financial liabilities: |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 74205 |  |  | 74205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities |  | 9123225 | 1401 | 9124626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 74205 | 9123225 | 1401 | 9198831 |
|  Financial liabilities designated to be measured at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 547816 |  | 547816 |
|  Derivative liabilities (designated for hedging) |  | 102634 |  | 102634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 74205 | 9773675 | 1401 | 9849281 |

---

(\*) There were no transfers between Level 1 and Level 2 of financial assets and liabilities measured at fair value. The Bank recognizes transfers among levels at the end of the reporting period in which events have occurred or conditions have changed.

Financial assets and liabilities at FVTPL, financial assets and liabilities designated to be measured at FVTPL, financial assets at FVTOCI, and derivative assets and liabilities are recognized at fair value. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date.

------

Financial instruments are measured at fair value using a quoted market price in active markets. If there is no active market for a financial instrument, the Bank determines the fair value using valuation methods. Valuation methods and input variables for each type of financial instruments are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① Valuation methods and input variables used for the fair value measurement of financial assets and liabilities
classified into level 2 as of December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation methods | Input variables |
|  Debt securities | Fair value is measured by discounting the future cash flows of debt securities applying the risk-free rate with credit spread. | Risk-free rate and Credit spread |
|  Capital contributions and beneficiary certificates | The capital contributions and beneficiary certificates are measured with Net Asset Value. | Values of underlying assets such as bond |
|  Derivatives | The fair value is measured through Option pricing model etc. | Discount rate, Volatility of underlying assets, Exchange rate etc. |
|  Deposit due to customers | The fair value is measured through Hull-White model. | Swaption volume etc. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② Valuation methods and input variables used for the fair value measurement of financial assets and liabilities
classified into level 3 as of December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation techniques | Input variables |
|  Equity securities, capital contributions, beneficiary certificates and others | The fair value is measured by considering the characteristics of the subject being evaluated, using methods such as the DCF (Discounted Cash Flow) Model, FCFE (Free Cash Flow to Equity) Model, Comparable Company Analysis, Dividend Discount Model, Risk-adjusted Rate of Return Method, Net Asset Value Method, Least-Squares Monte Carlo and Binomial Tree. | Risk-free rate, Market risk premium, Corporate Beta, Stock price, Volatility of underlying assets, etc. |
|  Derivatives | The fair value is measured through Option pricing model, etc. | Correlation coefficient, Stock price, Volatility of underlying assets, etc. |
|  Others | The fair value of the underlying asset, after calculating the fair value using the DCF model, etc., considering the price and volatility of the calculated underlying asset, is calculated using the Binomial Tree which is commonly used valuation technique in the market. | Stock price, Volatility of underlying <br>assets, etc. |

---

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Valuation methods of financial assets and liabilities measured at fair value and classified into Level 3 and significant but unobservable inputs as of December 31, 2025 and 2024 are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① December 31, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair value<br> measurement<br> technique | Type | Significant but<br>unobservable input<br> variable | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
|  Derivative assets | Option valuation model and others | Equity related | Stock price, Volatility of underlying asset | 22.55% | Variation of fair value increases as stock price and volatility of underlying assets increases. |
|  |  |  | Discount rate | 16.88% | Fair value increases as discount rate decreases. |
|  |  |  | Liquidation value | 0.00% | Fair value increases as liquidation value increases. |
|  Equity securities, capital contributions and beneficiary certificates | Binominal Tree |  | Stock price, Volatility of underlying asset | 14.91%~34.34% | Variation of fair value increases as stock price and volatility of underlying asset increases. |
|  | DCF model and others |  | Discount rate | 4.21%~18.15% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00%, 1.00% | Fair value increases as terminal growth rate increases. |
|  |  |  | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  Others | Binominal Tree and others |  | Stock price, Volatility of underlying asset | 14.91%~42.44% | Variation of fair value increases as stock price and volatility of underlying asset increases. |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② December 31, 2024

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair value<br> measurement<br> technique | Type | Significant but<br>unobservable input<br> variable | Range | Impact of changes in significant<br>unobservable inputs on fair value<br>measurement |
|  Derivative | Option valuation model and others | Equity related | Correlation coefficient | 0.29~0.65 | Variation of fair value increases as correlation coefficient increases. |
|  |  |  | Stock price, Volatility of underlying asset | 25.71% | Variation of fair value increases as stock price and volatility increases. |
|  |  |  | Discount rate | 3.94%~19.62% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00% | Fair value increases as terminal growth rate increases. |
|  Equity securities, capital contributions and beneficiary certificates | Binominal Tree |  | Stock price, Volatility of underlying asset | 18.76%~36.37% | Variation of fair value increases as stock price and volatility of underlying asset increases. |
|  | DCF model and others |  | Discount rate | 4.76%~19.84% | Fair value increases as discount rate decreases. |
|  |  |  | Terminal growth rate | 0.00%, 1.00% | Fair value increases as terminal growth rate increases. |
|  |  |  | Liquidation value | -1.00%~1.00% | Fair value increases as liquidation value increases. |
|  Others | Binominal Tree and others |  | Stock price, Volatility of underlying asset | 18.36%~36.90% | Variation of fair value increases as stock price and volatility of underlying asset increases. |

---

Fair value of financial assets and liabilities classified into Level 3 is measured by the Bank using its own valuation methods or using external specialists. Unobservable inputs used in the fair value measurements are produced by the internal system of the Bank and the appropriateness of inputs is reviewed regularly.

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(3) Changes in financial assets and liabilities measured at fair value classified into Level 3 for the years
ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | January 1,<br>2025 | Net income<br>(loss)<br>(\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposals/<br>settlements | Transfer to or<br>out of Level 3<br>(\*2) | December 31,<br>2025 |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 283961 | 4618 |  | 11300 | (12263) | (11491) | 276125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 2231904 | 45628 |  | 383395 | (241669) | (1599) | 2417659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 6258818 | 14810 |  | 1682484 | (1256857) |  | 6699255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 1186 | (123) |  |  | (143) |  | 920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currency | 48346 | (1155) |  |  |  |  | 47191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 188878 | 7279 |  |  | (14175) |  | 181982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 9013093 | 71057 |  | 2077179 | (1525107) | (13090) | 9623132 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 422019 |  | 104327 | 15 | (738) |  | 525623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9435112 | 71057 | 104327 | 2077194 | (1525845) | (13090) | 10148755 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1401 |  |  |  | (1401) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1401 |  |  |  | (1401) |  |  |

---

---

| | |
|:---|:---|
| (\*1) | The losses that increase the financial liabilities are presented as positive amounts, and the gains that decrease the financial liabilities are presented as negative amounts. The profit amount to 64,805 million Won for year ended December 31, 2025, which is from financial assets and liabilities that the Bank holds as of December 31, 2025.  |

---

---

| | |
|:---|:---|
| (\*2) | Changes in the availability of observable market data for the financial instrument have resulted in transfer between fair value hierarchy level, and the Bank recognizes changes in levels at the end of reporting period that result in changes in events or circumstances that result in transfer between fair value hierarchy level.  |

---

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | January 1,<br>2024 | Net income<br>(loss)<br>(\*1) | Other<br>comprehensive<br>income | Purchases/<br>issuances | Disposals/<br>settlements | Transfer to or<br>out of Level 3<br>(\*2) | December 31,<br>2024 |
|  Financial assets: |  |  |  |  |  |  |  |
|  Financial assets at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 254337 | 9732 |  | 19251 | (1306) | 1947 | 283961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital contributions | 1839972 | 113396 |  | 468095 | (189559) |  | 2231904 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates | 4933773 | 134739 |  | 1815487 | (625181) |  | 6258818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 128335 | (970) |  | 327 | (126506) |  | 1186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets in foreign currency | 42406 | 5940 |  |  |  |  | 48346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 180690 | 13335 |  | 12011 | (17158) |  | 188878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 7379513 | 276172 |  | 2315171 | (959710) | 1947 | 9013093 |
|  Financial assets at FVTOCI |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 422552 |  | 5404 | 15 | (5952) |  | 422019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 7802065 | 276172 | 5404 | 2315186 | (965662) | 1947 | 9435112 |
|  Financial liabilities: |  |  |  |  |  |  |  |
|  Financial liabilities at FVTPL |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 1994 | 1114 |  |  | (1707) |  | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1994 | 1114 |  |  | (1707) |  | 1401 |

---

---

| | |
|:---|:---|
| (\*1) | The losses that increase the financial liabilities are presented as positive amounts, and the gains that decrease the financial liabilities are presented as negative amounts. The profit amount to 272,164 million Won for year ended December 31, 2024, which is from financial assets and liabilities that the Bank holds as of December 31, 2024.  |

---

---

| | |
|:---|:---|
| (\*2) | Changes in the availability of observable market data for the financial instrument have resulted in transfer between fair value hierarchy level, and the Bank recognize changes in levels at the end of each report that result in changes in events or circumstances that result in transfer between fair value hierarchy level.  |

---

(4) The results of a sensitivity analysis on the rational fluctuation in the unobservable inputs used for measuring
Level 3 financial instruments are as follows:

Sensitivity analysis of financial instruments is performed by classifying the effect of changes in unobservable inputs on changes in the value of financial instruments into favorable and unfavorable changes. When the fair value of a financial instrument is affected by more than one unobservable input, the below table presents the most favorable or the most unfavorable circumstances. The sensitivity analysis was performed for two types of level 3 financial instruments: (1) interest rate related derivatives, currency related derivatives, equity related derivatives, equity linked securities, beneficiary certificates and loans of which fair value changes are recognized as net income; (2) equity securities of which fair value changes are recognized as other comprehensive income.

Meanwhile, among the financial instruments that are classified as Level 3 amounting to 10,148,755 million Won and 9,436,513 million Won as of December 31, 2025 and 2024, respectively, equity investments of 9,300,157 million Won and 8,977,473 million Won are excluded from the sensitivity analysis.

------

The following table presents the sensitivity analysis to disclose the effect of reasonably possible volatility on the fair value of a Level 3 financial instruments as of December 31, 2025 and 2024 (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Net income (loss) | Net income (loss) | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives assets (\*1)(\*2) | 19 | (19) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2)(\*3) | 16040 | (11738) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*3)(\*4) | 835 | (835) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*2) | 2731 | (2458) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*3) |  |  | 24554 | (17814) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 19625 | (15050) | 24554 | (17814) |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes in equity related derivatives assets and liabilities are calculated by increasing or decreasing liquidation value or discount rate, which are major unobservable variables, by 1%p.  |

---

---

| | |
|:---|:---|
| (\*2) | The change in fair value is calculated by increasing or decreasing the stock price (-10% to 10%) and volatility (-10% to 10%), the major unobservable inputs.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes in equity securities are calculated by increasing or decreasing terminal growth rate (-1%p ~ 1%p) and discount rate (-1%p ~ 1%p) or liquidation value (-1%p ~ 1%p), which are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*4) | Even if the sensitivity analysis of the beneficiary certificates is not possible in practice, fair value changes of the financial assets whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing price fluctuation of real estate which is underlying assets by 1%p.  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Net income (loss) | Net income (loss) | Other comprehensive income (loss) | Other comprehensive income (loss) |
|  | Favorable | Unfavorable | Favorable | Unfavorable |
|  Financial assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTPL |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivatives assets (\*1) | 50 | (51) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*2)(\*3) | 19338 | (13996) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Beneficiary certificates (\*4) | 706 | (705) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*2)(\*4) | 2554 | (2402) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial assets at FVTOCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities (\*3)(\*4) |  |  | 34080 | (22698) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22648 | (17154) | 34080 | (22698) |

---

---

| | |
|:---|:---|
| (\*1) | Fair value changes in equity related derivatives assets and liabilities are calculated by increasing or decreasing correlation coefficient or volatility, which are major unobservable variables, by 10%.  |

---

---

| | |
|:---|:---|
| (\*2) | The change in fair value is calculated by increasing or decreasing the stock price (-10% to 10%) and volatility (-10%p to 10%p), the major unobservable inputs.  |

---

---

| | |
|:---|:---|
| (\*3) | Fair value changes in equity securities are calculated by increasing or decreasing growth rate (-1%p ~ 1%p) and discount rate (-1%p ~ 1%p) or liquidation value (-1%p ~ 1%p). The growth rate, discount rate, and liquidation value are major unobservable variables.  |

---

---

| | |
|:---|:---|
| (\*4) | Even if the sensitivity analysis of the capital contributions and beneficiary certificates is not possible in practice, fair value changes of beneficiary certificates and other securities whose major unobservable variables are composed of the real estate are calculated by increasing or decreasing price fluctuation of real estate which is underlying assets by 1%p.  |

---

------

(5) Fair value and carrying amount of financial assets and liabilities that are recorded at amortized cost as of
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): Fair value information for cash that is not measured at fair value because the carrying amount is a reasonable approximation of fair value is not included.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Fair value | Fair value | Fair value | Fair value | Book<br>value |
|  | Level 1 | Level 2 | Level 3 | Total | Book<br>value |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 6900334 | 11488177 |  | 18388511 | 18445064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 6951301 | 342779672 | 349730973 | 348003249 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 355266522 |  | 355266522 | 355117074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 26022034 |  | 26022034 | 26056653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 28410784 |  | 28410784 | 28535472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  | 33830875 |  | 33830875 | 33830938 |

---

(\*) Lease liabilities are excluded as of December 31, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair value | Fair value | Fair value | Fair value | Book<br>value |
|  | Level 1 | Level 2 | Level 3 | Total | Book<br>value |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities at amortized cost | 3242385 | 15420653 |  | 18663038 | 18719264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and other financial assets at amortized cost |  | 6264152 | 339903462 | 346167614 | 342465297 |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers |  | 347481161 |  | 347481161 | 347165137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  | 21924229 |  | 21924229 | 21887868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  | 25484901 |  | 25484901 | 25530318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  | 28098616 |  | 28098616 | 28099654 |

---

(\*) Lease liabilities are excluded as of December 31, 2024.

The fair values of financial instruments are measured using quoted market price in active markets. In case there is no active market for financial instruments, the Bank determines the fair value using valuation techniques. Valuation techniques and input variables for financial assets and liabilities that are measured at amortized costs are given as follows:

---

| | | |
|:---|:---|:---|
|  | Valuation techniques | Input variables |
|  Securities at amortized cost | The fair value is measured by discounting the projected cash flows of debt securities by applying risk-free rate plus a credit spread. | Risk-free rate and credit spread |
|  Loans and other financial assets at amortized cost | The fair value is measured by discounting the projected cash flows of loan products by applying the market discount rate that has been applied to a proxy company that has similar credit rating to the debtor. | Risk-free rate, credit spread and expected prepayment-rate |
|  Deposits due to customers, borrowings, debentures and other financial liabilities | The fair value is measured by discounting the projected cash flows of debt products by applying the market discount rate that is reflecting credit rating of the Bank. | Risk-free rate and credit spread |

---

------

(6) Financial instruments by category

Carrying amounts of financial assets and liabilities by each category as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Financial<br>assets at<br>FVTPL | Financial<br>assets at<br>FVTOCI | Financial<br>assets at<br>amortized cost | Derivative<br>assets<br>(designated<br>for hedging) | Total |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 261470 |  | 695395 |  | 956865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 16025846 | 47136304 | 18445064 |  | 81607214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 337941453 |  | 337941453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 5792257 |  |  | 37010 | 5829267 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 47191 |  | 9366401 |  | 9413592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22126764 | 47136304 | 366448313 | 37010 | 435748391 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Financial<br>liabilities at<br>FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivative<br>liabilities<br>(designated<br>for hedging) | Total |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 263251 | 557501 | 355117074 |  | 355937826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 70298 |  | 26056653 |  | 26126951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  |  | 28535472 |  | 28535472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 5107538 |  |  | 27050 | 5134588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  |  | 33830938 |  | 33830938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5441087 | 557501 | 443540137 | 27050 | 449565775 |

---

(\*) Lease liabilities are excluded as of December 31, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Financial<br>assets at<br>FVTPL | Financial<br>assets at<br>FVTOCI | Financial<br>assets at<br>amortized cost | Derivative<br>assets<br>(designated<br>for hedging) | Total |
|  Financial assets: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from banks | 73951 |  | 857811 |  | 931762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 15230325 | 42307565 | 18719264 |  | 76257154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans |  |  | 332871221 |  | 332871221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets | 10067381 |  |  | 10102 | 10077483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial assets | 48346 |  | 8736265 |  | 8784611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 25420003 | 42307565 | 361184561 | 10102 | 428922231 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Financial<br>liabilities at<br>FVTPL | Financial<br>liabilities<br>designated to<br>be measured<br>at FVTPL | Financial<br>liabilities at<br>amortized cost | Derivative<br>liabilities<br>(designated<br>for hedging) | Total |
|  Financial liabilities: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 74205 | 547816 | 347165137 |  | 347787158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings |  |  | 21887868 |  | 21887868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Debentures |  |  | 25530318 |  | 25530318 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities | 9124626 |  |  | 102634 | 9227260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other financial liabilities (\*) |  |  | 28099654 |  | 28099654 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9198831 | 547816 | 422682977 | 102634 | 432532258 |

---

(\*) Lease liabilities are excluded as of December 31, 2024.

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(7) Income or expense from financial instruments by category

Income or expense from financial instruments by category for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Interest income<br>(expense) | Fees and<br>commissions<br>income | Provision for<br>credit loss | Gain<br>on valuation<br>and<br>transaction | Dividend<br>income | Total |
|  Financial assets at FVTPL | 111864 | 90 |  | &nbsp;&nbsp;&nbsp;&nbsp;307528 | 434293 | 853775 |
|  Financial liabilities designated to be measured at FVTPL(\*) |  |  |  | 389 |  | 389 |
|  Financial assets at FVTOCI | 1227532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | (8595) | 137515 | 20325 | 1377057 |
|  Securities at amortized cost | 526918 |  | (335) |  |  | 526583 |
|  Loans and other financial assets at amortized cost | 14523700 |  | (814273) | 28187 |  | 13737614 |
|  Financial liabilities at amortized cost | (9423762) |  |  |  |  | (9423762) |
|  Net derivatives (designated for hedging) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 13257 |  | 13257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6966252 | 370 | (823203) | 486876 | 454618 | 7084913 |

---

---

| | |
|:---|:---|
| (\*) | The amount recognized as other comprehensive income in regard to financial liabilities designated to be measured at FVTPL for the year ended December 31, 2025 is 74 million Won.  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Interest<br>income<br>(expense) | Fees and<br>commissions<br>income | Reversal of<br>(Provision for)<br>credit loss | Gain (Loss)<br>on valuation<br>and<br>transaction | Dividend<br>income | Total |
|  Financial assets at FVTPL | 120688 | 864 |  | 1528808 | 439683 | 2090043 |
|  Financial liabilities designated to be measured at FVTPL(\*) |  |  |  | (19647) |  | (19647) |
|  Financial assets at FVTOCI | 1227748 | 951 | (8865) | 92107 | 17726 | 1329667 |
|  Securities at amortized cost | 628637 |  | 3233 |  |  | 631870 |
|  Loans and other financial assets at amortized cost | 16005305 |  | (707189) | 165192 |  | 15463308 |
|  Financial liabilities at amortized cost | (11227703) |  |  |  |  | (11227703) |
|  Net derivatives (designated for hedging) |  |  |  | (22511) |  | (22511) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6754675 | 1815 | (712821) | 1743949 | 457409 | 8245027 |

---

---

| | |
|:---|:---|
| (\*) | The amount recognized as other comprehensive income in regard to financial liabilities designated to be measured at FVTPL for the year ended December 31, 2024 is 1,831 million Won.  |

---

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**12.** **DERECOGNITION AND OFFSET OF FINANCIAL INSTRUMENTS** 

(1) Derecognition of financial instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Transferred financial assets that do not meet the condition of derecognition

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Bonds sold under repurchase agreements

The financial instruments that were disposed but the Bank agreed to repurchase at the fixed amounts at the same time, so that they did not meet the conditions of derecognition, as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | December 31,<br>2025 | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2024 |
|  Asset transferred | Financial assets at FVTOCI |  | 4020400 |  | 87647 |
|  Related liabilities | Bonds sold under repurchase agreements |  | 3832036 |  | 86733 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Securities loaned

When the Bank loans its securities to outside parties, the legal ownerships of the securities are transferred; however, they should be returned at the end of lending period. Therefore, the Bank does not derecognize them from the financial statements as it owns majority of risks and benefits from the securities continuously, regardless of the transfer of legal ownership. The carrying amounts of the securities loaned as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
| | | December 31,<br>2025 | Loaned to |
|  Financial assets at FVTOCI | Korea treasury and government bonds and others | 238406 | Korea Securities Finance Corporation |
|  |  | December 31,<br>2024 | Loaned to |
|  Financial assets at FVTPL | Korea treasury and government bonds and others | 12361 | Korea Securities Finance Corporation |

---

The details of the transferred financial assets that do not meet the condition of derecognition in their entirety, such as disposal of securities under repurchase agreement or securities loaned, are also explained in Note 18.

(2) The offset of financial assets and liabilities

The Bank holds both the uncollected domestic exchange receivables and the unpaid domestic exchange payable, which satisfy offsetting criteria of K-IFRS No.1032. Therefore, the total amount of uncollected domestic exchange receivables (or unpaid domestic exchange payables) has been offset with part of unpaid domestic exchange payables (or uncollected domestic exchange receivables) and has been disclosed in loans and other financial assets at amortized cost and other financial liabilities of the Bank's statements of financial position, respectively.

The Bank also holds the derivative assets, derivative liabilities, receivable spot exchange and payable spot exchange that do not meet the offsetting criteria of K-IFRS No.1032, but provide the Bank under the circumstances of the trading party's defaults, insolvency or bankruptcy, with the right of offsetting. Items such as cash collateral cannot satisfy the offsetting criteria of K-IFRS No.1032, but in accordance with the collateral arrangements and under the circumstances of the trading party's default, insolvency or bankruptcy, the net amount of derivative assets, derivative liabilities, receivable spot exchange and payable spot exchange can be offset.

------

The Bank has entered into a sale and repurchase agreement and accounted it as a collateralized borrowing. The Bank has also entered into a purchase and resale agreement and accounted it as a secured loan. The Bank under the repurchase agreements has offsetting right only upon the counterparty's default, insolvency or bankruptcy; thus, the repurchase agreements are applied by the TBMA/ISMA Global Master Repurchase Agreement, which does not satisfy the offsetting criteria of K-IFRS No.1032. The Bank disclosed bonds sold under repurchase agreements as borrowings and bonds purchased under resale agreements as loans and other financial assets at amortized cost.

As of December 31, 2025 and 2024, the financial instruments to be offset and covered by master netting agreements and similar agreements are as follows (Unit: Korean Won in millions):

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net<br>amounts of<br>financial<br>assets<br>presented | Related amounts not setoff in<br>the statement of financial<br>position | Related amounts not setoff in<br>the statement of financial<br>position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net<br>amounts of<br>financial<br>assets<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>received | Net<br>amounts |
|  Financial assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (\*1) | 5811220 |  | 5811220 | 10072762 | 67406 | 1963000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable spot exchange (\*2) | 6291948 |  | 6291948 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds purchased under resale agreements (\*2) | 13470200 |  | 13470200 | 13470200 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchanges settlement credits (\*2) (\*5) | 37873998 | 37601886 | 272112 |  |  | 272112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 63447366 | 37601886 | 25845480 | 23542962 | 67406 | 2235112 |
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net<br>amounts of<br>financial<br>liabilities<br>presented | Related amounts not setoff in<br>the statement of financial<br>position | Related amounts not setoff in<br>the statement of financial<br>position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net<br>amounts of<br>financial<br>liabilities<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>pledged | Net<br>amounts |
|  Financial liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities (\*1) | 5131753 |  | 5131753 | 9581052 | 294611 | 1551661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable spot exchange (\*3) | 6295571 |  | 6295571 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds sold under repurchase agreements (\*4) | 3832036 |  | 3832036 | 3832036 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchanges settlement debits (\*3) (\*5) | 49342824 | 37601886 | 11740938 |  |  | 11740938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 64602184 | 37601886 | 27000298 | 13413088 | 294611 | 13292599 |

---

(\*1) The items include derivatives held for trading and derivatives designated for hedging.

(\*2) The items are included in loans and other financial assets at amortized cost.

(\*3) The items are included in other financial liabilities.

(\*4) The items are included in borrowings.

---

| | |
|:---|:---|
| (\*5) | Certain financial assets and liabilities are presented as net amounts.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net<br>amounts of<br>financial<br>assets<br>presented | Related amounts not setoff in<br>the statement of financial<br>position | Related amounts not setoff in<br>the statement of financial<br>position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>assets | Gross<br>amounts of<br>recognized<br>financial<br>assets setoff | Net<br>amounts of<br>financial<br>assets<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>received | Net<br>amounts |
|  Financial assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative assets (\*1) | 10059218 |  | 10059218 | 12082628 | 235654 | 3290742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivable spot exchange (\*2) | 5549806 |  | 5549806 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds purchased under resale agreements (\*2) | 9609800 |  | 9609800 | 9609800 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchanges settlement credits (\*2)(\*5) | 33347374 | 32915242 | 432132 |  |  | 432132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 58566198 | 32915242 | 25650956 | 21692428 | 235654 | 3722874 |
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net<br>amounts of<br>financial<br>liabilities<br>presented | Related amounts not setoff in<br>the statement of financial<br>position | Related amounts not setoff in<br>the statement of financial<br>position | Net<br>amounts |
|  | Gross<br>amounts of<br>recognized<br>financial<br>liabilities | Gross<br>amounts of<br>recognized<br>financial<br>liabilities<br>setoff | Net<br>amounts of<br>financial<br>liabilities<br>presented | Netting<br>agreements<br>and others | Cash<br>collateral<br>pledged | Net<br>amounts |
|  Financial liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Derivative liabilities (\*1) | 9216515 |  | 9216515 | 11832708 | 533052 | 2400362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable spot exchange (\*3) | 5549607 |  | 5549607 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bonds sold under repurchase agreements (\*4) | 86733 |  | 86733 | 86733 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchanges settlement debits (\*3)(\*5) | 40505570 | 32915242 | 7590328 | 7590328 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 55358425 | 32915242 | 22443183 | 19509769 | 533052 | 2400362 |

---

(\*1) The items include derivatives held for trading and derivatives designated for hedging.

(\*2) The items are included in loans and other financial assets at amortized cost.

(\*3) The items are included in other financial liabilities.

(\*4) The items are included in borrowings.

---

| | |
|:---|:---|
| (\*5) | Certain financial assets and liabilities are presented as net amounts.  |

---

------

**13.** **INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES** 

(1) The Bank has the following subsidiaries as of December 31, 2025 and 2024 (Unit: Korean Won in
100 million, USD in 10 thousand, CNY in 100 million, RUB in 100 million, IDR in 100 million, BRL in 10 thousand, PHP in 100 million, VND in trillions, MMK in 100 million, EUR in 10 thousand):

---

| | | | |
|:---|:---|:---|:---|
| Subsidiaries | Location | Share capital | Share capital |
| Woori America Bank | U.S.A | USD | 29250 Finance |
| PT Bank Woori Saudara Indonesia 1906 Tbk | Indonesia | IDR | 14692 Finance |
| Woori Global Markets Asia Limited | Hong Kong | USD | 10000 Finance |
| Woori Bank China Limited | China | CNY | 21.6 Finance |
| AO Woori Bank (\*1) | Russia | RUB | 14.5 Finance |
| Banco Woori Bank do Brasil S.A. | Brazil | BRL | 7709 Finance |
| Korea BTL Infrastructure Fund | Korea |  | 7659 Finance |
| Woori Finance Myanmar Co., Ltd. | Myanmar | MMK | 162 Finance |
| Wealth Development Bank | Philippines | PHP | 7.7 Finance |
| Woori Bank Vietnam Limited | Vietnam | VND | 12.5 Finance |
| Woori Bank (Cambodia) PLC | Cambodia | USD | 27239 Finance |
| Woori Bank Europe | Germany | EUR | 10000 Finance |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Subsidiaries | Number of<br>shares<br>owned | Percentage<br>of ownership<br>(%) | Financial<br> statements<br> as of | Number of<br>shares<br>owned | Percentage<br>of ownership<br>(%) | Financial<br> statements<br> as of |
|  Woori America Bank | 58500000 | 100.0 | December 31, 2025 | 58500000 | 100.0 | December 31, 2024 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 13333457836 | 90.8 | December 31, 2025 | 13333457836 | 90.8 | December 31, 2024 |
|  Woori Global Markets Asia Limited | 78000000 | 100.0 | December 31, 2025 | 78000000 | 100.0 | December 31, 2024 |
|  Woori Bank China Limited |  | 100.0 | December 31, 2025 |  | 100.0 | December 31, 2024 |
|  AO Woori Bank | 57999999 | 100.0 | December 31, 2025 | 57999999 | 100.0 | December 31, 2024 |
|  Banco Woori Bank do Brasil S.A. | 77093999 | 100.0 | December 31, 2025 | 77093999 | 100.0 | December 31, 2024 |
|  Korea BTL Infrastructure Fund | 153012509 | 99.9 | December 31, 2025 | 146625975 | 99.9 | December 31, 2024 |
|  Woori Finance Myanmar Co., Ltd. | 1200000 | 100.0 | December 31, 2025 | 1200000 | 100.0 | December 31, 2024 |
|  Wealth Development Bank | 3931365 | 51.0 | December 31, 2025 | 3931365 | 51.0 | December 31, 2024 |
|  Woori Bank Vietnam Limited |  | 100.0 | December 31, 2025 |  | 100.0 | December 31, 2024 |
|  Woori Bank (Cambodia) PLC | 11035803 | 100.0 | December 31, 2025 | 11035803 | 100.0 | December 31, 2024 |
|  Woori Bank Europe | 100000000 | 100.0 | December 31, 2025 | 100000000 | 100.0 | December 31, 2024 |

---

---

| | |
|:---|:---|
| (\*1) | Following Russia's further invasion of Ukraine in February 2022, various countries, including the United States, have imposed additional sanctions on a number of Russian individuals and entities, and restricted or prohibited certain activities relating to Russia such as making new investments or the provision of certain services. These sanctions may result in a decrease in the value of financial or operating assets held by banks in relation to the disputed country, an increase in the collection period, restrictions on capital transfers, and a decrease in profits. As a result, the Bank expect future financial impacts on the business of its subsidiary, AO Woori Bank of Russia, as of December 31, 2025, but it is difficult to assess the maximum potential exposure or the ultimate adverse impact with any degree of certainty.  |

---

------

(2) As for the structured entities in accordance with K-IFRS No.1110 and K-IFRS No.1112, it is determined that the
Bank controls the entity after considering facts and circumstances, such as the Bank's power over the entity's related business activities, the Bank's exposure to variable returns from its involvement with the entity and the
Bank's ability to affect the returns through its power over the entity.

1) Details of structured entities that the Bank controls as of December 31, 2025 and 2024 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Structured entities | Location | Main<br>business | Percentage<br>of ownership<br>(%) | Financial<br>statements as of |
|  **Structured entities established for securitization of financial assets (\*1)** |  |  |  |  |
|  Jeonju Iwon Ltd. and 41 structured entities | Korea | Asset securitization |  | December 31, 2025 |
|  KAMCO Value Recreation First Securitization Specialty Co., Ltd. | Korea | Asset securitization | 15.0 | December 31, 2025 |
|  **Money trust under the FISCM Act (\*2)** |  |  |  |  |
|  Principal Guaranteed Trust and Principal and Interest Guaranteed Trust | Korea | Trust |  | December 31, 2025 |
|  **Structured entities for the investments in securities** |  |  |  |  |
|  IGIS Australia Investment Trust No. 209-1 | Korea | Securities investment | 99.4 | December 31, 2025 |
|  Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 | Korea | Securities investment | 99.0 | December 31, 2025 |
|  AI Partners UK Water Supply Private Placement Investment Trust No. 2 | Korea | Securities investment | 97.3 | December 31, 2025 |
|  Heungkuk Global Private Placement Investment Trust No. 1 | Korea | Securities investment | 98.8 | December 31, 2025 |
|  Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust | Korea | Securities investment | 99.9 | December 31, 2025 |
|  Woori Infrastructure New Deal Private Placement Investment Trust No. 1 | Korea | Securities investment | 99.5 | December 31, 2025 |
|  Woori North America Energy Infrastructure Private Placement Investment Trust No. 1 | Korea | Securities investment | 99.3 | December 31, 2025 |
|  Woori Global Secondary Private Placement Investment Trust No. 1 | Korea | Securities investment | 98.8 | December 31, 2025 |
|  Woori ESG Infrastructure Development Private Placement Investment Trust No. 1 | Korea | Securities investment | 95.2 | December 31, 2025 |
|  Kiwoom Harmony Private Placement Investment Trust No. 1 | Korea | Securities investment | 97.7 | December 31, 2025 |
|  JB Airline Private Placement Investment Trust No. 8 | Korea | Securities investment | 97.0 | December 31, 2025 |
|  Kiwoom Harmony Private Placement Investment Trust No. 4 | Korea | Securities investment | 96.2 | December 31, 2025 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | Korea | Securities investment | 93.5 | December 31, 2025 |
|  Woori Fund Financing General Type Private Investment Trust | Korea | Securities investment | 99.0 | December 31, 2025 |
|  Kiwoom Harmony Private Placement Investment Trust No. 9 | Korea | Securities investment | 100.0 | December 31, 2025 |
|  Woori Bank Partners General Type Private Investment Trust No.4 | Korea | Securities investment | 99.0 | December 31, 2025 |

---

---

| | |
|:---|:---|
| (\*1) | It is determined that the Bank controls the entity after considering all the facts and circumstances, such as the Bank's power over the entity's related business activities, the Bank's exposure to variable returns from its involvement with the entity, and the Bank's ability to affect the returns through its power over the entity, even though the Bank holds less than 50% ownership interest of the entity.  |

---

(\*2) The Bank controls the trust because it has power that determines the management performance over the trust, and is exposed to variable returns to absorb losses through the guarantees of payment of principal and fixed rate of return.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Structured entities | Location | Main<br>business | Percentage<br>of ownership<br>(%) | Financial<br>statements as of |
|  **Structured entities established for securitization of financial assets (\*1)** |  |  |  |  |
|  Jeonju Iwon Ltd. and 44 structured entities | Korea | Asset securitization |  | December 31, 2024 |
|  KAMCO Value Recreation First Securitization Specialty Co., Ltd. | Korea | Asset securitization | 15.0 | December 31, 2024 |
|  **Money trust under the FISCM Act (\*2)** |  |  |  |  |
|  Principal Guaranteed Trust and Principal and Interest Guaranteed Trust | Korea | Trust |  | December 31, 2024 |
|  **Structured entities for the investments in securities** |  |  |  |  |
|  IGIS Australia Investment Trust No. 209-1 | Korea | Securities investment | 99.4 | December 31, 2024 |
|  Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 | Korea | Securities investment | 99.0 | December 31, 2024 |
|  AI Partners UK Water Supply Private Placement Investment Trust No. 2 | Korea | Securities investment | 97.3 | December 31, 2024 |
|  Heungkuk Global Private Placement Investment Trust No. 1 | Korea | Securities investment | 98.8 | December 31, 2024 |
|  Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust | Korea | Securities investment | 99.9 | December 31, 2024 |
|  Woori Infrastructure New Deal Private Placement Investment Trust No. 1 | Korea | Securities investment | 99.5 | December 31, 2024 |
|  Woori North America Energy Infrastructure Private Placement Investment Trust No. 1 | Korea | Securities investment | 99.3 | December 31, 2024 |
|  Woori Global Secondary Private Placement Investment Trust No. 1 | Korea | Securities investment | 98.8 | December 31, 2024 |
|  Woori ESG Infrastructure Development Private Placement Investment Trust No. 1 | Korea | Securities investment | 95.2 | December 31, 2024 |
|  Kiwoom Harmony Private Placement Investment Trust No. 1 | Korea | Securities investment | 97.4 | December 31, 2024 |
|  Kiwoom Harmony Private Placement Investment Trust No. 2 | Korea | Securities investment | 97.3 | December 31, 2024 |
|  JB Airline Private Placement Investment Trust No. 8 | Korea | Securities investment | 97.0 | December 31, 2024 |
|  Kiwoom Harmony Private Placement Investment Trust No. 4 | Korea | Securities investment | 96.2 | December 31, 2024 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | Korea | Securities investment | 93.5 | December 31, 2024 |
|  Woori Fund Financing General Type Private Investment Trust | Korea | Securities investment | 99.3 | December 31, 2024 |

---

---

| | |
|:---|:---|
| (\*1) | It is determined that the Bank controls the entity after considering all the facts and circumstances, such as the Bank's power over the entity's related business activities, the Bank's exposure to variable returns from its involvement with the entity, and the Bank's ability to affect the returns through its power over the entity, even though the Bank holds less than 50% ownership interest of the entity.  |

---

(\*2) The Bank controls the trust because it has power that determines the management performance over the trust, and is exposed to variable returns to absorb losses through the guarantees of payment of principal and fixed rate of return.

------

2) The following companies have been excluded from the consolidation scope despite the Bank's majority ownership interest as of December 31, 2025 and 2024:

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Structured entities | Location | Main<br> business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust No. 7 (\*1) | Korea | Securities investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities investment | 69.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities investment | 69.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities investment | 66.7 |
|  Hangang Blue Water Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities investment | 55.2 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities investment | 58.3 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] (\*3) | Korea | Securities investment | 100.0 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 2 (\*1) | Korea | Securities investment | 55.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 92.6 |
|  Woori Private Real Estate Investment Trust No. 1 (\*1) | Korea | Securities investment | 86.8 |
|  INMARK France Private Placement Real Estate Investment Trust No. 18-1 (\*1) | Korea | Securities investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W (EUR) (\*2) | Korea | Securities investment | 99.5 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 80.0 |
|  KOTAM Global Infrastructure Private Equity Investment Trust No. 1-4 (\*2) | Korea | Securities investment | 99.7 |
|  Hana UBS Class One Private Equity No. 3 C2 (\*1) | Korea | Securities investment | 51.0 |
|  Consus Gyeongju Green Private Equity Investment Trust No. 1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 65.0 |
|  Woori Private Real Estate Investment Trust No. 5 (\*1) | Korea | Securities investment | 87.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 76.7 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 79.8 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 66.7 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 80.0 |
|  Kiwoom Aurora Private Placement Securities Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 60.0 |

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------

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
| Structured entities | Location | Main<br> business | Percentage of<br>ownership (%) |
|  NH-Amundi WSCP VIII Private Placement Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust No. 2 (USD) (\*2) | Korea | Securities investment | 98.0 |
|  Woori Equity Investment General Type Private Investment Trust No. 1 (\*1) | Korea | Securities investment | 93.8 |
|  Hangang New Deal Infrastructure BTL Private Equity Investment Trust No. 4 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 66.7 |
|  Woori Financial Digital Investment Association No. 1 (\*1) | Korea | Securities investment | 88.0 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 85.0 |
|  IGIS Global Private Placement Real Estate Fund No. 316-1 (\*2) | Korea | Securities investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities investment | 97.7 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No. 1 (\*2) | Korea | Securities investment | 99.9 |
|  Woori Private Real Estate Investment Trust No. 6 (\*1) | Korea | Securities investment | 85.0 |
|  Woori New Growth Credit Fund 1 (\*1) | Korea | Securities investment | 70.9 |
|  Woori Asset Global Partnership Fund No. 5 (\*1) | Korea | Securities investment | 57.7 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 82.6 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities investment | 76.9 |
|  CHILLE PMGD Solar PV Investment Project Fund II (\*2) | Korea | Securities investment | 75.2 |
|  Woori Financial Dino Lab Investment Association No. 1 (\*1) | Korea | Securities investment | 70.0 |
|  Woori Bank Partners General Type Private Investment Trust No. 3 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1 (USD) (\*1) | Korea | Securities investment | 80.0 |
|  NH-Amundi BXD Private Placement Real Estate Investment Trust No. 2 (USD) (\*2) | Korea | Securities investment | 77.8 |
|  Woori Private Real Estate Investment Trust No. 7 (\*1) | Korea | Securities investment | 87.0 |
|  Woori Junior Equity General Type Private Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 50.0 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 (\*1) | Korea | Securities investment | 92.8 |
|  Woori Financial Dino Lab Investment Association No. 2 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Top-Class Senior and Junior Loan Private Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Woori Real Estate Blind Investment General Type Private Investment Trust No.1 (\*2) | Korea | Securities investment | 70.0 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2 (EUR) (\*1) | Korea | Securities investment | 80.0 |

---

---

| | |
|:---|:---|
| (\*1) | Since the investee is a discretionary funds, the Bank does not have power over the investee because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Bank, but also for other investors as well. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

------

---

| | |
|:---|:---|
| (\*2) | The investment target for the fund was determined in advance, and the disposition of investment assets cannot be determined by the Bank, and as a fund of funds, the Bank does not have the power to participate in decision-making regarding investment assets in parent funds. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | Since the investee is a Stock market stabilization fund, the Bank does not have power over such fund as the fund's relevant activities are determined by the management committee, over which the Bank does not have substantial control. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Structured entities | Location | Main<br> business | Percentage of<br>ownership (%) |
|  Mirae Asset Maps Clean Water Private Equity Investment Trust No. 7 (\*1) | Korea | Securities investment | 59.7 |
|  Kiwoom Yonsei Private Equity Investment Trust (\*1) | Korea | Securities investment | 88.9 |
|  IGIS Europe Private Placement Real Estate Fund No. 163-2 (\*2) | Korea | Securities investment | 97.8 |
|  IGIS Global Private Placement Real Estate Fund No. 148-1 (\*1) | Korea | Securities investment | 69.0 |
|  IGIS Global Private Placement Real Estate Fund No. 148-2 (\*1) | Korea | Securities investment | 69.0 |
|  Mirae Asset Seoul Ring Expressway Private Special Asset Fund No. 1 (\*1) | Korea | Securities investment | 66.7 |
|  Hangang Blue Water Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 55.6 |
|  Korea Investment Pocheon-Hwado Highway Private Special Asset Trust 2 (\*1) | Korea | Securities investment | 55.2 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |
|  Midas Global Private Placement Real Estate Investment Trust No. 7-2 (\*1) | Korea | Securities investment | 58.3 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] (\*3) | Korea | Securities investment | 100.0 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 2 (\*1) | Korea | Securities investment | 55.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 92.6 |
|  Woori Private Real Estate Investment Trust No. 1 (\*1) | Korea | Securities investment | 84.9 |
|  INMARK France Private Placement Real Estate Investment Trust No. 18-1 (\*1) | Korea | Securities investment | 93.8 |
|  Kiwoom Vibrato Private Placement Investment Trust 1-W (EUR) (\*2) | Korea | Securities investment | 99.5 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 80.0 |
|  KOTAM Global Infrastructure Private Equity Investment Trust No. 1-4 (\*2) | Korea | Securities investment | 99.7 |
|  Hana UBS Class One Private Equity No. 3 C2 (\*1) | Korea | Securities investment | 51.0 |
|  Consus Gyeongju Green Private Equity Investment Trust No. 1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 65.0 |
|  Woori Private Real Estate Investment Trust No. 5 (\*1) | Korea | Securities investment | 87.0 |
|  Kiwoom Harmony Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 76.7 |
|  Consus Solar Energy Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 50.0 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 79.8 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 55.0 |

---

------

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| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
| Structured entities | Location | Main<br> business | Percentage of<br>ownership (%) |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 66.7 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 (\*1) | Korea | Securities investment | 80.0 |
|  Kiwoom Aurora Private Placement Securities Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 60.0 |
|  NH-Amundi WSCP VIII Private Placement Investment Trust No. 2 (USD) (\*1) | Korea | Securities investment | 65.2 |
|  AI Partners Global Infrastructure Specialized Privately Placed Feeder Fund Trust<br>No. 2 (USD) (\*2) | Korea | Securities investment | 98.0 |
|  Woori Equity Investment General Type Private Investment Trust No.1 (\*1) | Korea | Securities investment | 93.8 |
|  Hangang New Deal Infrastructure BTL Private Equity Investment Trust No. 4 (\*1) | Korea | Securities investment | 60.0 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 66.7 |
|  Woori Financial Digital Investment Association No. 1 (\*1) | Korea | Securities investment | 88.0 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 (\*1) | Korea | Securities investment | 85.0 |
|  IGIS Global Private Placement Real Estate Fund No. 316-1 (\*2) | Korea | Securities investment | 99.3 |
|  INMARK Spain Private Placement Real Estate Investment Trust No. 26-2 (\*2) | Korea | Securities investment | 97.7 |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No. 1-2 (\*2) | Korea | Securities investment | 98.8 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No. 1 (\*2) | Korea | Securities investment | 99.9 |
|  Woori Private Real Estate Investment Trust No. 6 (\*1) | Korea | Securities investment | 85.0 |
|  Woori New Growth Credit Fund 1 (\*1) | Korea | Securities investment | 70.9 |
|  Woori Asset Global Partnership Fund No. 5 (\*1) | Korea | Securities investment | 57.7 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 (\*1) | Korea | Securities investment | 82.6 |
|  Kiwoom Harmony Private Placement Investment Trust No. 6 (\*1) | Korea | Securities investment | 76.9 |
|  Project Chile PMGD Solar (\*2) | Korea | Securities investment | 75.2 |
|  Woori Financial Dino Lab Investment Association No. 1 (\*1) | Korea | Securities investment | 70.0 |
|  Woori Bank Partners General Type Private Investment Trust No. 3 (\*1) | Korea | Securities investment | 90.9 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1 (USD) (\*1) | Korea | Securities investment | 80.0 |
|  NH-Amundi BXD Private Placement Real Estate Investment Trust No. 2 (USD) (\*2) | Korea | Securities investment | 77.8 |
|  Woori Private Real Estate Investment Trust No. 7 (\*1) | Korea | Securities investment | 87.0 |
|  Woori Junior Equity General Type Private Investment Trust (\*1) | Korea | Securities investment | 85.0 |
|  Hangang Green Environment Private Placement Special Asset Investment Trust (\*1) | Korea | Securities investment | 50.0 |

---

---

| | |
|:---|:---|
| (\*1) | Since the investee is a discretionary funds, the Bank does not have power over the investee because the fund manager has the sole authority to decide the relevant activities of the investee. The fund manager's delegated power is exercised not only for the Bank, but also for other investors as well. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

------

---

| | |
|:---|:---|
| (\*2) | The investment target for the fund was determined in advance, and the disposition of investment assets cannot be determined by the Bank, and as a fund of funds, the Bank does not have the power to participate in decision-making regarding investment assets in parent funds. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

---

| | |
|:---|:---|
| (\*3) | Since the investee is a Stock market stabilization fund, the Bank does not have power over such fund as the fund's relevant activities are determined by the management committee, over which the Bank does not have substantial control. The Bank does not have the power over the fund's activities even though it holds more than 50% of ownership interest.  |

---

(3) Investments in associates as of December 31, 2025 and 2024 are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investees | Main<br> business | Percentage of<br>ownership (%) | Percentage of<br>ownership (%) | Location | Financial<br>statements as of |
| Investees | Main<br> business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
|  W Service Networks Co., Ltd. (\*1) | Freight & staffing services | 4.9 | 4.9 | Korea | November 30, 2025 (\*4) |
|  Korea Credit Bureau Co., Ltd. (\*2) | Credit information | 9.9 | 9.9 | Korea | December 31, 2025 |
|  Korea Finance Security Co., Ltd. (\*2) | Security service | 15.0 | 15.0 | Korea | November 30, 2025 (\*4) |
|  Dongwoo C & C Co., Ltd. (\*3) | Construction | 23.2 | 23.2 | Korea |  |
|  SJCO Co., Ltd. (\*3) | Aggregate transportation and wholesale | 27.5 | 27.5 | Korea |  |
|  G2 collection Co., Ltd. (\*3) | Wholesale and retail sales | 28.9 | 28.9 | Korea |  |
|  Kyesan Engineering Co., Ltd. (\*3) | Construction | 23.2 | 23.2 | Korea |  |
|  Good Software Lab Co., Ltd. (\*3) | Service | 28.9 | 28.9 | Korea |  |
|  Wongwang Co., Ltd. (\*3) | Wholesale and real estate | 29.0 | 29.0 | Korea |  |
|  Sejin Construction Co., Ltd. (\*3) | Construction | 29.6 | 29.6 | Korea |  |
|  DAEA SNC Co., Ltd. (\*3) | Wholesale and retail sales | 24.0 | 24.0 | Korea |  |
|  ARES-TECH Co., Ltd. (\*3) | Electronic component manufacturing | 23.4 | 23.4 | Korea |  |
|  PREXCO Co., Ltd. (\*3) | Manufacturing | 28.1 | 28.1 | Korea |  |
|  Jiwon Plating Co., Ltd. (\*3) | Plating | 20.5 | 20.5 | Korea |  |
|  NK Eng Co., Ltd. (\*5) | Manufacturing |  | 23.1 | Korea |  |
|  Youngdong Sea Food Co., Ltd. (\*3) | Processed sea food manufacturing | 24.0 | 24.0 | Korea |  |
|  Beomgyo Co., Ltd. (\*3) | Telecommunication equipment retail sales | 23.1 | 23.1 | Korea |  |
|  K BANK Co., Ltd. (\*2) | Finance | 12.0 | 12.0 | Korea | November 30, 2025 (\*4) |
|  Partner One Value Up I Private Equity Fund | Other financial services | 23.3 | 23.3 | Korea | December 31, 2025 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership (\*3) | Other financial services | 20.0 | 20.0 | Korea | December 31, 2025 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | Other financial services | 25.0 | 25.0 | Korea | December 31, 2025 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | Other financial services | 24.5 | 24.5 | Korea | December 31, 2025 |
|  LOTTE CARD Co., Ltd. | Credit card and installment financing | 20.0 | 20.0 | Korea | September 30, 2025 (\*4) |
|  Woori-Q Corporate Restructuring Private Equity Fund (\*7) | Trust and collective investment | 19.7 | 20.4 | Korea | December 31, 2025 |
|  PCC-Woori LP Secondary Fund | Other financial services | 26.9 | 26.9 | Korea | December 31, 2025 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | Other financial services | 100.0 | 100.0 | Korea | December 31, 2025 |
|  Union Technology Finance Investment Association | Other financial services | 29.7 | 29.7 | Korea | December 31, 2025 |
|  KUM HWA Co., Ltd. (\*3) | Telecommunication equipment retail sales | 20.0 | 20.0 | Korea | December 31, 2025 |
|  Paratus Woori Material Component Equipment joint venture company | Other financial services | 20.8 | 20.8 | Korea | December 31, 2025 |
|  Jinmyung Plus Co., Ltd. (\*3) | Manufacturing | 20.2 | 20.2 | Korea | September 30, 2025 (\*4) |
|  Orient Shipyard Co., Ltd. (\*3) | Manufacturing of ship components | 22.7 | 22.7 | Korea | September 30, 2025 (\*4) |
|  BTS 2nd Private Equity Fund | Other financial services | 20.0 | 20.0 | Korea | December 31, 2025 |
|  Woori Financial Digital Investment Association No. 1 | Other financial services | 88.0 | 88.0 | Korea | December 31, 2025 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | Other financial services | 28.3 | 28.3 | Korea | December 31, 2025 |
|  KG Fashion Co., Ltd. (\*3) | Manufacturing | 20.8 | 20.8 | Korea | November 30, 2025 (\*4) |
|  Win Mortgage Co., Ltd. (\*1) | Other financial services | 4.5 | 4.5 | Korea | September 30, 2025 (\*4)) |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | Other financial services | 22.3 | 22.4 | Korea | December 31, 2025 |
|  SF CREDIT PARTNERS, LLC (\*2)  | Other financial services | 10.0 | 10.0 | U.S.A. | December 31, 2025 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investees | Main<br> business | Percentage of<br>ownership (%) | Percentage of<br>ownership (%) | Location | Financial<br>statements as of |
| Investees | Main<br> business | December 31,<br>2025 | December 31,<br>2024 | Location | Financial<br>statements as of |
|  Rea Company Ltd. (\*3) | Manufacturing | 24.5 | 24.5 | Korea |  |
|  Aram CMC Co., Ltd. (\*3) | Manufacturing | 20.0 | 20.0 | Korea |  |
|  Woori Financial Dino Lab Investment Association No. 1 | Other financial services | 70.0 | 70.0 | Korea | December 31, 2025 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | Other financial services | 27.3 | 27.3 | Korea | December 31, 2025 |
|  Market & Farm Co., Ltd. (\*3) | Wholesale and commodity brokerage business | 23.7 | 23.7 | Korea | December 31, 2025 |
|  SAMJI TEXTILE CO., LTD. (\*3) | Wholesale and commodity brokerage business | 29.4 | 29.4 | Korea |  |
|  Woori Financial Dino Lab Investment Association No. 2 (\*6) | Other financial services | 60.0 |  | Korea | December 31, 2025 |
|  TH International Co., Ltd. (\*3) (\*6) | Cosmetics wholesale business and general travel business | 21.3 |  | Korea |  |

---

(\*1) Most of the significant business transactions of associates are with the Bank as of December 31, 2025 and 2024.

(\*2) The Bank has significant influence over the creditors' council, which makes the financial and operating policy decisions.

---

| | |
|:---|:---|
| (\*3) | There is no investment amount as of December 31, 2025 and 2024.  |

---

---

| | |
|:---|:---|
| (\*4) | The equity method was applied using the most recent financial statements available because financial statement at the end of the reporting period cannot be obtained, and any significant transactions or events that occurred between the end of the reporting period of the associate and the end of the reporting period of the Bank were appropriately reflected.  |

---

(\*5) It was excluded from associates due to the sale liquidation and others for the year ended December 31, 2025.

(\*6) It was added to associates through acquisition for the year ended December 31, 2025.

(\*7) The entity was classified as an associate based on the voting rights in proportion to the initial capital commitment ratio.

(4) The entities excluded from associates, although the Bank's shareholding ratio of common stock is higher
than 20% as of December 31, 2025 and 2024 are as follows:

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 |
| Associate (\*) | Number of shares owned (shares) | Percentage of ownership(%) |
|  CL Tech Co., Ltd. | 10191 | 28.6 |
|  CT INTERNATIONAL CO.,LTD. | 1741 | 26.7 |
|  Happy Home Co.,Ltd. | 14924 | 22.7 |

---

---

| | |
|:---|:---|
| (\*) | Although the Bank's ownership interest in the entity is more than 20%, it is determined that the Bank does not have significant influence over the entity since it is going through workout process under receivership; accordingly, it is excluded from the investment in associates.  |

---

---

| | | |
|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 |
| Associate (\*) | Number of shares owned (shares) | Percentage of ownership(%) |
|  CL Tech Co., Ltd. | 10191 | 28.6 |
|  TH International Co.,Ltd. | 6737 | 21.3 |
|  WORK-LIFE BALANCE CO.,LTD | 209 | 21.3 |

---

---

| | |
|:---|:---|
| (\*) | Although the Bank's ownership interest in the entity is more than 20%, it is determined that the Bank does not have significant influence over the entity since it is going through workout process under receivership; accordingly, it is excluded from the investment in associates.  |

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------

(5) Changes in carrying value of investments in subsidiaries and associates for the years ended December 31,
2025 and 2024 are as follows (Korean Won in millions). As the investments associated with structured entities were classified as financial assets at FVTPL for the years ended December 31, 2025 and 2024, they were excluded from the carrying
value of investments in subsidiaries and associates.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Investees | January 1,<br>2025 | Acquisition | Disposal<br>and others | Reversal<br>(Impairment) | December 31,<br>2025 |
|  Woori America Bank | 399831 |  |  |  | 399831 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 704244 |  |  |  | 704244 |
|  Woori Global Markets Asia Limited | 113858 |  |  |  | 113858 |
|  Woori Bank China Limited | 427802 |  |  |  | 427802 |
|  AO Woori Bank | 51780 |  |  |  | 51780 |
|  Banco Woori Bank do Brasil S.A. | 21043 |  |  | (5096) | 15947 |
|  Korea BTL Infrastructure Fund | 736911 | 32000 |  |  | 768911 |
|  Woori Finance Myanmar Co., Ltd. | 13649 |  |  |  | 13649 |
|  Wealth Development Bank | 24355 |  |  |  | 24355 |
|  Woori Bank Vietnam Limited | 644590 |  |  |  | 644590 |
|  Woori Bank (Cambodia) PLC | 386672 |  |  |  | 386672 |
|  Woori Bank Europe | 131442 |  |  |  | 131442 |
|  W Service Networks Co., Ltd. | 108 |  |  |  | 108 |
|  Korea Credit Bureau Co., Ltd. | 3313 |  |  |  | 3313 |
|  Korea Finance Security Co., Ltd. | 3267 |  |  |  | 3267 |
|  K BANK Co., Ltd. | 224657 |  |  |  | 224657 |
|  Partner One Value Up I Private Equity Fund | 2146 |  |  | (273) | 1873 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 4532 | 98 |  |  | 4630 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 8237 |  | (4599) |  | 3638 |
|  LOTTE CARD Co., Ltd. | 346810 |  |  |  | 346810 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 17446 |  | (1260) |  | 16186 |
|  PCC-Woori LP Secondary Fund | 7000 |  |  |  | 7000 |
|  Union Technology Finance Investment Association | 13449 |  |  |  | 13449 |
|  Paratus Woori Material Component Equipment joint venture company | 12300 |  | (5813) |  | 6487 |
|  BTS 2nd Private Equity Fund | 8146 | 620 |  |  | 8766 |
|  Woori Financial Digital Investment Association No. 1 | 44000 |  | (2300) |  | 41700 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 12000 | 1500 |  |  | 13500 |
|  Win Mortgage Co., Ltd. | 23 |  |  |  | 23 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 34001 | 10769 | (4498) |  | 40272 |
|  SF CREDIT PARTNERS, LLC | 13059 | 2445 |  |  | 15504 |
|  Woori Financial Dino Lab Investment Association No. 1 | 3500 |  |  |  | 3500 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | 8361 | 4247 | (10890) |  | 1718 |
|  Woori Financial Dino Lab Investment Association No. 2 |  | 6000 |  |  | 6000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 4422532 | 57679 | (29360) | (5369) | 4445482 |

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------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Investees | January 1,<br>2024 | Acquisition | Disposal<br>and others | Reversal<br>(Impairment) | December 31,<br>2024 |
|  Woori America Bank | 399831 |  |  |  | 399831 |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 444813 | 259431 |  |  | 704244 |
|  Woori Global Markets Asia Limited | 113858 |  |  |  | 113858 |
|  Woori Bank China Limited | 427802 |  |  |  | 427802 |
|  AO Woori Bank | 51780 |  |  |  | 51780 |
|  Banco Woori Bank do Brasil S.A. | 22322 |  |  | (1279) | 21043 |
|  Korea BTL Infrastructure Fund | 736911 |  |  |  | 736911 |
|  Woori Finance Myanmar Co., Ltd. | 13649 |  |  |  | 13649 |
|  Wealth Development Bank | 24355 |  |  |  | 24355 |
|  Woori Bank Vietnam Limited | 384430 | 260160 |  |  | 644590 |
|  Woori Bank (Cambodia) PLC | 248212 | 138460 |  |  | 386672 |
|  Woori Bank Europe | 131442 |  |  |  | 131442 |
|  W Service Networks Co., Ltd. | 108 |  |  |  | 108 |
|  Korea Credit Bureau Co., Ltd. | 3313 |  |  |  | 3313 |
|  Korea Finance Security Co., Ltd. | 3267 |  |  |  | 3267 |
|  K BANK Co., Ltd. | 236232 |  | (11575) |  | 224657 |
|  Partner One Value Up I Private Equity Fund | 3253 |  |  | (1107) | 2146 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | 4356 |  | (4356) |  |  |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | 4436 | 96 |  |  | 4532 |
|  Woori-Shinyoung Growth-Cap Private Equity Fund I | 8237 |  |  |  | 8237 |
|  LOTTE CARD Co., Ltd. | 346810 |  |  |  | 346810 |
|  Woori-Q Corporate Restructuring Private Equity Fund | 8435 | 9011 |  |  | 17446 |
|  PCC-Woori LP Secondary Fund | 7000 |  |  |  | 7000 |
|  Union Technology Finance Investment Association | 13449 |  |  |  | 13449 |
|  Paratus Woori Material Component Equipment joint venture company | 12300 |  |  |  | 12300 |
|  Dicustody Co., Ltd. | 1 |  | (1) |  |  |
|  BTS 2nd Private Equity Fund | 5226 | 2920 |  |  | 8146 |
|  Woori Financial Digital Investment Association No. 1 | 33000 | 11000 |  |  | 44000 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | 9000 | 3000 |  |  | 12000 |
|  Win Mortgage Co., Ltd. | 23 |  |  |  | 23 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | 23596 | 15025 | (4620) |  | 34001 |
|  SF CREDIT PARTNERS, LLC | 13059 |  |  |  | 13059 |
|  Woori Financial Dino Lab Investment Association No. 1 |  | 3500 |  |  | 3500 |
|  Woori Corporate Turnaround No.1 Private Equity Fund |  | 8361 |  |  | 8361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 3734506 | 710964 | (20552) | (2386) | 4422532 |

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------

(6) Changes in the book value of subsidiaries and associated investments classified as financial assets at FVTPL as
income securities for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Investees | January 1,<br>2025 | Acquisition | Disposal and<br>others | Valuation<br>and others | December 31,<br>2025 |
|  AI Partners UK Water Supply Private Placement Investment Trust No. 2 | 27257 |  |  | 4273 | 31530 |
|  IGIS Australia Investment Trust No. 209-1 | 17386 |  | (985) | 236 | 16637 |
|  Heungkuk Global Private Placement Investment Trust No. 1 | 6667 |  | (1658) | 451 | 5460 |
|  Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 | 12964 |  |  | (1528) | 11436 |
|  Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust | 178761 |  | (26256) | (3359) | 149146 |
|  Woori Infrastructure New Deal Private Placement Investment Trust No. 1 | 54323 | 4704 | (1314) | (452) | 57261 |
|  Woori North America Energy Infrastructure Private Placement Investment Trust No. 1 | 18802 | 942 | (1585) | 2710 | 20869 |
|  Woori Global Secondary Private Placement Investment Trust No. 1 | 19257 |  | (1475) | (1459) | 16323 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 10846 |  |  | 235 | 11081 |
|  Woori ESG Infrastructure Development Private Placement Investment Trust No. 1 | 8083 | 3660 |  | 105 | 11848 |
|  Kiwoom Harmony Private Investment Trust No. 1 | 687769 | 86000 | (587) | (979) | 772203 |
|  Kiwoom Harmony Private Investment Trust No. 2 | 419685 | 16000 | (435685) |  |  |
|  JB Airline Private Placement Investment Trust No. 8 | 12528 |  | (195) | 267 | 12600 |
|  Kiwoom Harmony Private Investment Trust No. 4 | 414952 |  | (99) | (1946) | 412907 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | 38188 | 12430 |  | (814) | 49804 |
|  Woori Fund Financing General Type Private Investment Trust | 122014 | 41374 | (92523) | (195) | 70670 |
|  Kiwoom Harmony Private Investment Trust No. 9 |  | 425516 | (2356) | 4005 | 427165 |
|  Woori Bank Partners General Type Private Investment Trust No.4 |  | 81394 | (2780) | 2985 | 81599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 2049482 | 672020 | (567498) | 4535 | 2158539 |

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------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Investees | January 1,<br>2024 | Acquisition | Disposal and<br>others | Valuation<br>and others | December 31,<br>2024 |
|  AI Partners UK Water Supply Private Placement Investment Trust No. 2 | 24585 |  |  | 2672 | 27257 |
|  IGIS Australia Investment Trust No. 209-1 | 19391 |  |  | (2005) | 17386 |
|  Heungkuk Global Private Placement Investment Trust No. 1 | 8558 |  | (2142) | 251 | 6667 |
|  Mirae Asset Multi Overseas Real Estate General Private Investment Trust No. 5-2 | 12904 |  |  | 60 | 12964 |
|  Woori Global Development Infrastructure Synergy Company Private Placement Investment Trust | 133634 | 35257 | (9772) | 19642 | 178761 |
|  Woori Infrastructure New Deal Private Placement Investment Trust No. 1 | 72898 | 4053 | (24869) | 2241 | 54323 |
|  Woori North America Energy Infrastructure Private Placement Investment Trust No. 1 | 13060 | 4449 | (2911) | 4204 | 18802 |
|  Woori Global Secondary Private Placement Investment Trust No. 1 | 14009 | 3597 | (571) | 2222 | 19257 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | 10538 |  |  | 308 | 10846 |
|  Woori ESG Infrastructure Development Private Placement Investment Trust No.1 | 7134 | 1171 | (504) | 282 | 8083 |
|  Kiwoom Harmony Private Investment Trust No. 1 | 718430 |  | (31979) | 1318 | 687769 |
|  Kiwoom Harmony Private Investment Trust No. 2 | 609680 | 28000 | (218434) | 439 | 419685 |
|  JB Airline Private Placement Investment Trust No. 8 | 11084 |  | (270) | 1714 | 12528 |
|  Kiwoom Harmony Private Investment Trust No. 4 | 58250 | 354690 | (7743) | 9755 | 414952 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 |  | 37477 | (274) | 985 | 38188 |
|  Woori Fund Financing General Type Private Investment Trust |  | 134945 | (15281) | 2350 | 122014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1714155 | 603639 | (314750) | 46438 | 2049482 |

---

------

**14.** **INVESTMENT PROPERTIES** 

(1) Details of investment properties as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Acquisition cost | 503706 | 528669 |
|  Accumulated depreciation | (74155) | (73048) |
|  Net carrying value | 429551 | 455621 |

---

(2) Changes in investment properties for the years ended December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 455621 | 528615 |
|  Depreciation | (5355) | (7810) |
|  Classification as asset held for sale | (35137) |  |
|  Transfer (\*) | 14440 | (65280) |
|  Foreign currencies translation adjustments | (18) | 96 |
|  Ending balance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;455621 |

---

---

| | |
|:---|:---|
| (\*) | This is the reclassification amount between property and equipment, and investment properties for land and buildings for the years ended December 31, 2025 and 2024.  |

---

(3) Fair value of investment properties amounted to 789,836 million Won and 806,103 million Won as of
December 31, 2025 and 2024, respectively. The fair value of investment properties has been assessed on the basis of recent similar real estate market price and officially assessed land price in the area of the investment properties, is
classified as Level 3 on the fair value hierarchy.

(4) Rental fee earned from investment properties amounted to 27,216 million Won and 27,707 million Won
for the years ended December 31, 2025 and 2024, respectively. The operating expenses directly related to the investment property where rental fee was earned are 5,355 million Won and 7,810 million Won for the years ended
December 31, 2025 and 2024, respectively.

(5) The minimum lease payments expected to be received in the future under non-refundable lease agreement as of
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Lease payments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Within a year | 9363 | 7328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 1 year and within 2 years | 4802 | 2621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 2 years and within 3 years | 3251 | 338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 3 years and within 4 years | 3233 | 52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 4 years and within 5 years | 1966 | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; More than 5 years | 6 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 22621 | 10349 |

---

------

**15.** **PROPERTIES AND EQUIPMENT** 

(1) Details of properties and equipment as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Properties and equipment (owned) | 1527004 | 571876 | 218665 | 49140 | 44666 | 2411351 |
|  Right-of-use assets |  | 333196 | 16332 |  |  | 349528 |
|  Carrying value | 1527004 | 905072 | 234997 | 49140 | 44666 | 2760879 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Properties and equipment (owned) | 1526036 | 606322 | 171209 | 40700 | 67314 | 2411581 |
|  Right-of-use assets |  | 380404 | 20339 |  |  | 400743 |
|  Carrying value | 1526036 | 986726 | 191548 | 40700 | 67314 | 2812324 |

---

(2) Details of properties and equipment (owned) as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Acquisition cost | 1527004 | 924372 | 910156 | 402853 | 44666 | 3809051 |
|  Accumulated depreciation |  | (352445) | (691491) | (353713) |  | (1397649) |
|  Accumulated impairment losses |  | (51) |  |  |  | (51) |
|  Net carrying value | 1527004 | 571876 | 218665 | 49140 | 44666 | 2411351 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Acquisition cost | 1526036 | 953641 | 843262 | 399723 | 67314 | 3789976 |
|  Accumulated depreciation |  | (347319) | (672053) | (359023) |  | (1378395) |
|  Net carrying value | 1526036 | 606322 | 171209 | 40700 | 67314 | 2411581 |

---

(3) Details of changes in properties and equipment (owned) for the years ended December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Beginning balance | 1526036 | 606322 | 171209 | 40700 | 67314 | 2411581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 26291 | 28057 | 107125 | 24593 | 72210 | 258276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal | (148) |  | (147) | (902) | (31355) | (32552) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (29169) | (59455) | (15168) |  | (103792) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Impairment loss |  | (51) |  |  |  | (51) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classification to held for sale | (78582) | (28897) |  |  |  | (107479) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer (\*) | 53424 | (4370) |  |  | (63494) | (14440) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | (17) | (1) | (78) | (82) | (9) | (187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others |  | (15) | 11 | (1) |  | (5) |
|  Ending balance | 1527004 | 571876 | 218665 | 49140 | 44666 | 2411351 |

---

---

| | |
|:---|:---|
| (\*) | This is reclassification amount between properties and equipment, and investment properties for land and buildings for the year ended December 31, 2025.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Land | Building | Properties for<br>business use | Leasehold<br>improvement | Construction<br>in progress | Total |
|  Beginning balance | 1480693 | 607765 | 150824 | 28378 | 31560 | 2299220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acquisition | 215 | 27803 | 78001 | 24677 | 35752 | 166448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal |  |  | (439) | (600) |  | (1039) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation |  | (29737) | (57531) | (11883) |  | (99151) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classification to held for sale | (16477) | (3215) |  |  |  | (19692) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer (\*) | 61544 | 3736 | 17 |  | (17) | 65280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | 86 | (18) | 323 | 128 | 19 | 538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business combination |  |  | 2 |  |  | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (25) | (12) | 12 |  |  | (25) |
|  Ending balance | 1526036 | 606322 | 171209 | 40700 | 67314 | 2411581 |

---

---

| | |
|:---|:---|
| (\*) | This is the reclassification amount between properties and equipment, and investment properties for land and buildings for the year ended December 31, 2024.  |

---

(4) Details of right-of-use assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Building | Properties for<br>business use | Total |
|  Acquisition cost | 662069 | 33834 | 695903 |
|  Accumulated depreciation | (328873) | (17502) | (346375) |
|  Net carrying value | 333196 | 16332 | 349528 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Building | Properties for<br>business use | Total |
|  Acquisition cost | 661591 | 33225 | 694816 |
|  Accumulated depreciation | (281187) | (12886) | (294073) |
|  Net carrying value | 380404 | 20339 | 400743 |

---

(5) Details of changes in right-of-use assets for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Building | Properties for<br>business use | Total |
|  Beginning balance | 380404 | 20339 | 400743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New contracts | 95938 | 6143 | 102081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in contracts | 55035 |  | 55035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination | (12862) | (220) | (13082) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | (179470) | (9907) | (189377) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (5849) | (23) | (5872) |
|  Ending balance | 333196 | 16332 | 349528 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Building | Properties for<br>business use | Total |
|  Beginning balance | 236974 | 16216 | 253190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New contracts | 276849 | 14250 | 291099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in contracts | 46097 | 15 | 46112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination | (9879) | (1001) | (10880) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation | (169816) | (9910) | (179726) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 179 | 769 | 948 |
|  Ending balance | 380404 | 20339 | 400743 |

---

------

**16.** **INTANGIBLE ASSETS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Details of intangible assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Industrial<br>property rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Acquisition cost | 2350 | 713690 | 1052938 | 23244 | 166 | 1792388 |
|  Accumulated amortization | (1970) | (494624) | (896214) |  |  | (1392808) |
|  Accumulated impairment losses |  |  | (33552) | (1044) |  | (34596) |
|  Net carrying value | 380 | 219066 | 123172 | 22200 | 166 | 364984 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Industrial<br>property rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Acquisition cost | 2245 | 635314 | 1010992 | 23948 | 2751 | 1675250 |
|  Accumulated amortization | (1810) | (432903) | (840888) |  |  | (1275601) |
|  Accumulated impairment losses |  |  | (33552) | (1093) |  | (34645) |
|  Net carrying value | 435 | 202411 | 136552 | 22855 | 2751 | 365004 |

---

(2) Details of changes in intangible assets for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Industrial<br>property rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Beginning balance | 435 | 202411 | 136552 | 22855 | 2751 | 365004 |
|  Acquisition | 1 | 78384 | 39610 | 2044 | 85 | 120124 |
|  Disposal |  |  | (34) | (2682) | (16) | (2732) |
|  Amortization (\*1) | (160) | (61729) | (55492) |  |  | (117381) |
|  Provision for impairment loss (\*2) |  |  |  | (9) |  | (9) |
|  Transfer | 104 |  | 2550 |  | (2654) |  |
|  Foreign currencies translation adjustment |  |  | (14) | (8) |  | (22) |
|  Ending balance | 380 | 219066 | 123172 | 22200 | 166 | 364984 |

---

---

| | |
|:---|:---|
| (\*1) | Amortization of other intangible assets amounting to 32,495 million Won is included in other operating expenses.  |

---

---

| | |
|:---|:---|
| (\*2) | Membership is an intangible asset with an indefinite useful life that recognizes an impairment loss if recoverable value is lower than its carrying amount, while the reversal of an impairment loss should be recognized when the recoverable value is higher than its carrying amount.  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Industrial<br>property rights | Development<br>cost | Others | Membership | Construction<br>in progress | Total |
|  Beginning balance | 489 | 163678 | 121343 | 20032 | 98 | 305640 |
|  Acquisition | 18 | 75890 | 58411 | 3976 | 23402 | 161697 |
|  Disposal |  | (113) |  | (500) |  | (613) |
|  Amortization (\*1) | (183) | (50033) | (50827) |  |  | (101043) |
|  Provision for impairment loss (\*2) |  |  |  | (217) |  | (217) |
|  Transfer | 110 | 12989 | 7650 |  | (20749) |  |
|  Foreign currencies translation adjustment |  |  | (26) | 45 |  | 19 |
|  Business combination |  |  | 1 |  |  | 1 |
|  Others | 1 |  |  | (481) |  | (480) |
|  Ending balance | 435 | 202411 | 136552 | 22855 | 2751 | 365004 |

---

---

| | |
|:---|:---|
| (\*1) | Amortization of other intangible assets amounting to 28,509 million Won is included in other operating expenses.  |

---

---

| | |
|:---|:---|
| (\*2) | Membership is an intangible asset with an indefinite useful life that recognizes an impairment loss if recoverable value is lower than its carrying amount, while the reversal of an impairment loss should be recognized when the recoverable value is higher than its carrying amount.  |

---

**17.** **ASSETS HELD FOR SALE** 

Assets held for sale as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Properties and equipment (\*) | 91480 | 31266 |
|  Investment properties (\*) | 33588 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 125068 | 31266 |

---

(\*) The Bank classifies above assets as assets held for sale that are highly likely to be sold within one year from December 31, 2025 and 2024, based on the management's decision.

------

**18.** **ASSETS SUBJECT TO LIEN AND ASSETS ACQUIRED THROUGH FORECLOSURE** 

(1) Assets subjected to lien as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  |  | Collateral given to | Amount | Reason for collateral |
|  Loans and other financial assets at amortized cost | Due from banks in local currency | Korea Exchange Co., Ltd. | 3362 | Margin deposit for CCP |
|  |  | MSBI LIMITED Seoul | 12634 | CSA variable margin and others |
|  | Due from banks in foreign currencies | Goldman Sachs Intl., and others | 353030 | CSA variable margin and others |
|  | Mortgage-backed securities | Public offering | 2067313 | Covered bonds |
|  Financial assets at FVTPL | Korean financial institutions debt securities and others | ING BANK and others | 587591 | CSA variable margin and others |
|  |  | The BOK and others | 1814134 | Settlement risk and others |
|  Financial assets at FVTOCI | Korean treasury and government bonds and others | The BOK and others | 3056643 | Related to bonds sold under repurchase agreements (\*) |
|  |  | The BOK | 362317 | Settlement risk and others |
|  | Korean financial institutions debt securities and others | The BOK and others | 927890 | Related to bonds sold under repurchase agreements (\*) |
|  |  | The BOK | 9283095 | Settlement risk and others |
|  | Foreign financial institutions debt securities | CCIL Exchange | 35867 | Related to bonds sold under repurchase agreements (\*) |
|  |  | SOCIETE GENERALE, PAR | 386609 | CSA variable margin and others |
|  Securities at amortized cost | Korean treasury and government bonds and others | The BOK and others | 9100505 | Settlement risk and others |
|  | Korean financial institutions debt securities and others | The BOK and others | 5098911 | Settlement risk and others |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 33089901 |  |

---

---

| | |
|:---|:---|
| (\*) | The financial assets are not derecognized and provided as collaterals because the Bank entered into an agreement to buy the transferred assets back at a predetermined price or the sale price plus a certain return rate. The Bank continuously recognizes the transferred assets as liabilities (bond sold under repurchase agreements) after the repurchase.  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  |  | Collateral given to | Amount | Reason for collateral |
|  Loans and other financial assets at amortized cost | Due from banks in local currency | Korea Exchange Co., Ltd | 3 | Margin deposit for CCP |
|  | Due from banks in foreign currencies | BNP-PARIBAS, PAR and others | 647782 | CSA variable margin and others |
|  | Mortgage-backed securities | Public offering | 1790810 | Covered Bonds |
|  Financial assets at FVTPL | Korean financial institutions debt securities and others | DBS BANK LTD, SEL and others | 698231 | CSA variable margin and others |
|  Financial assets at FVTOCI | Korean financial institutions debt securities and others | CITIBANK, N.A. LONDON and others | 74143 | Related to bonds sold under repurchase agreements (\*) |
|  | Korean financial institutions debt securities and others | The BOK and others | 8863286 | Settlement risk and others |
|  | Foreign financial institutions debt securities | SOCIETE GENERALE, PAR | 358781 | CSA variable margin |
|  |  | CCIL Exchange | 13504 | Related to bonds sold under repurchase agreements (\*) |
|  Securities at amortized cost | Korean treasury and government bonds and others | The BOK and others | 11526197 | Settlement risk and others |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 23972737 |  |

---

---

| | |
|:---|:---|
| (\*) | The financial assets are not derecognized and provided as collaterals because the Bank entered into an agreement to buy the transferred assets back at a predetermined price or the sale price plus a certain return rate. The Bank continuously recognize the transferred assets as liabilities (bond sold under repurchase agreements) after the repurchase.  |

---

(2) As of December 31, 2025 and 2024, there is no asset acquired through foreclosures.

------

(3) Securities loaned as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31,<br>2025 | Loaned to |
|  Financial assets at FVTOCI | Korean treasury and government bonds and others | 238406 | Korea Securities Finance Corporation |
|  |  | December 31,<br>2024 | Loaned to |
|  Financial assets at FVTPL | Korean treasury and government bonds and others | 12361 | Korea Securities Finance Corporation |

---

Securities loaned are lending of specific securities to borrowers who agree to return the same quantity of the same security at the end of lending period. As the Bank does not derecognize these securities, there are no liabilities recognized through such transactions relates to securities loaned.

(4) Collaterals held that can be disposed and re-subjected to lien regardless of defaults of counterparties

Fair values of collaterals held that can be disposed and re-subjected to lien regardless of defaults of counterparties as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Fair values of collaterals | Fair values of collaterals | Fair values of collaterals<br>disposed or re-subjected to lien |
|  Securities |  | 14220954 |  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Fair values of collaterals | Fair values of collaterals | Fair values of collaterals<br>disposed or re-subjected to lien |
|  Securities |  | 10101204 |  |

---

**19.** **OTHER ASSETS** 

Details of other assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Prepaid expenses | 308768 | 264882 |
|  Advance payments | 1166 |  |
|  Others | 7156 | 7244 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 317090 | 272126 |

---

------

**20.** **FINANCIAL LIABILITIES AT FVTPL** 

(1) Financial liabilities at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Financial liabilities at FVTPL | 5441087 | 9198831 |
|  Financial liabilities designated to be measured at FVTPL | 557501 | 547816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5998588 | 9746647 |

---

(2) Details of Financial liabilities at FVTPL as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deposits due to customers : |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold banking liabilities | 263251 | 74205 |
|  Borrowings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities sold | 70298 |  |
|  Derivative liabilities | 5107538 | 9124626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 5441087 | 9198831 |

---

(3) Details of financial liabilities designated to be measured at FVTPL as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Deposits due to customers: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time deposits |  | 557501 |  | 547816 |

---

These contracts are designated as financial liabilities at fair value through profit or loss in accordance with K- IFRS No.1109 '*Financial Instruments'* because the group of financial instruments is managed and its performance is evaluated on a fair value basis, in accordance with a documented risk management or investment strategy, in cases where designating financial liabilities as items measured at fair value through profit or loss makes the information more relevant.

(4) Changes in fair value due to fluctuation in credit risk reflected in financial liabilities designated to be
measured at FVTPL for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended<br>December 31, 2025 | For the year ended<br>December 31, 2024 |
|  Financial liabilities designated to be measured at FVTPL | 557501 | 547816 |
|  Changes in fair value due to fluctuation in credit risk (\*) | 74 | (1831) |
|  Accumulated changes in fair value due to fluctuation in credit risk (\*) | (1757) | (1831) |

---

---

| | |
|:---|:---|
| (\*) | The loss recognized in other comprehensive income for the year ended December 31, 2025 with respect to financial liabilities designated to be measured at FVTPL are 74 million Won, and the cumulative profit are 1,757 million Won. The profit recognized in other comprehensive income for the year ended December 31, 2024 with respect to financial liabilities designated to be measured at FVTPL are 1,831 million Won, and the cumulative profit are 1,831 million Won.  |

---

When deposits due to customers are measured at fair value, adjustments are made to reflect the credit risk of the Bank. This is a method determined by adjusting the Bank's credit spread observed in the credit evaluation.

------

(5) The difference between financial liabilities designated to be measured at FVTPL's carrying amount and
nominal amount at maturity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Carrying amount |  | 557501 |  | 547816 |
|  Nominal amount at maturity |  | 540000 |  | 530000 |
|  Difference |  | 17501 |  | 17816 |

---

**21.** **DEPOSITS DUE TO CUSTOMERS** 

Details of deposits due to customers by type as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deposits in local currency: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demand deposits | 8210531 | 8875919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saving deposits with flexible withdrawal options | 125851088 | 115927248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other saving deposits | 172747445 | 175594380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mutual installment | 18219 | 19901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Certificate of deposits | 9083199 | 11742425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 315910482 | 312159873 |
|  Deposits in foreign currencies |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits in foreign currencies | 39345525 | 35149577 |
|  Present value discount | (138933) | (144313) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 355117074 | 347165137 |

---

------

**22.** **BORROWINGS AND DEBENTURES** 

(1) Details of borrowings as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from the BOK | The BOK | 1 | 1845239 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2195534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 3.7 | 3848953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 7889726 |
|  Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.8 ~ 4.6 | 12303199 |
|  Bills sold | Others | 0.0 ~ 2 | 1033 |
|  Call money | Banks and others | 2.2 ~ 4.1 | 2031233 |
|  Bonds sold under repurchase agreements | The BOK and others | 1.0 ~ 5.3 | 3832036 |
|  Present value discount |  |  | (574) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 26056653 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Lenders | Interest rate (%) | Amount |
|  Borrowings in local currency: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from the BOK | The BOK | 1.5 | 1981928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from government funds | Small Enterprise and Market Service and others | 0.0 ~ 3.5 | 2165257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | The Korea Development Bank and others | 0.0 ~ 3.6 | 3454951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  |  | 7602136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings in foreign currencies | The Export-Import Bank of Korea and others | 0.5 ~ 5.8 | 13876403 |
|  Bills sold | Others | 0.0 ~ 2.7 | 3690 |
|  Call money | Banks and others | 1.7 ~ 4.9 | 319499 |
|  Bonds sold under repurchase agreements | Other financial institutions | 1.0 ~ 6.7 | 86733 |
|  Present value discount |  |  | (593) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  |  | 21887868 |

---

(2) Details of debentures as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  | Interest rate (%) | Amount | Interest rate (%) | Amount |
|  Face value of bond (\*): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ordinary bonds | 0.8 ~ 5.4 | 24693165 | 0.8 ~ 6.3 | 22170995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subordinated bonds | 1.9 ~ 5.1 | 3872768 | 1.9 ~ 5.1 | 3471380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 28565933 |  | 25642375 |
|  Discounts on bonds |  | (30461) |  | (112057) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 28535472 |  | 25530318 |

---

---

| | |
|:---|:---|
| (\*) | Includes debentures under fair value hedge amounting to 4,046,624 million Won and 3,952,047 million Won as of December 31, 2025 and 2024, respectively.  |

---

------

**23.** **PROVISIONS** 

(1) Details of provisions as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Provisions for guarantees (\*1) | 85214 | 76323 |
|  Provisions for unused commitments | 68550 | 73303 |
|  Asset retirement obligation | 91231 | 87599 |
|  Other provisions (\*2) | 393052 | 293906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 638047 | 531131 |

---

(\*1) Provisions for guarantees include provisions for financial guarantees of 59,738 million Won and 55,136 million Won as of December 31, 2025 and 2024, respectively.

(\*2) Other provisions consist of provisions for litigation, compensation for loss and others.

(2) Changes in provisions for guarantees and unused loan commitments for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) Provisions for guarantees

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 62433 | 2264 | 11626 | 76323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 535 | (535) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (438) | 438 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (809) | (39) | 848 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for unused amount | 3968 | 1278 | 3344 | 8590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | 300 |  | 1 | 301 |
|  Ending balance | 65989 | 3406 | 15819 | 85214 |

---

(\*) Includes the impact from change of financial guarantee liabilities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 76507 | 2779 | 7225 | 86511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 317 | (317) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (228) | 228 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (100) | (90) | 190 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for (reversal of) unused amount | (10894) | (336) | 4210 | (7020) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others (\*) | (3169) |  | 1 | (3168) |
|  Ending balance | 62433 | 2264 | 11626 | 76323 |

---

(\*) Includes the impact from change of financial guarantee liabilities.

------

ii) Provisions for unused loan commitments

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 63943 | 9360 |  | 73303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 2054 | (2054) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (901) | 901 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (51) | (100) | 151 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net reversal of unused amount | (1500) | (3026) | (147) | (4673) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (81) | 1 |  | (80) |
|  Ending balance | 63464 | 5082 | 4 | 68550 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Stage 1 | Stage 2 | Stage 3 | Total |
|  Beginning balance | 72043 | 8383 |  | 80426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to 12-month expected credit loss | 2385 | (2385) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to expected credit loss for the entire period | (1602) | 1602 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transfer to credit-impaired financial assets | (57) | (53) | 110 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net provision for (reversal of) unused amount | (9241) | 1815 | (110) | (7536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | 415 | (2) |  | 413 |
|  Ending balance | 63943 | 9360 |  | 73303 |

---

(3) Changes in asset retirement obligation for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 87599 | 86290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 3173 | 3553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used | (7825) | (4468) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal |  | (223) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization | 1076 | 1243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increase in restoration costs and others | 7208 | 1204 |
|  Ending balance | 91231 | 87599 |

---

The amount of the asset retirement obligation is the present value of the best estimate of future expected expenditure to settle the obligation – arising from leased properties as of December 31, 2025, discounted by appropriate discount rate. The restoration cost is expected to occur by the end of each premise's lease period, and the Bank has used average lease period of each category of leases terminated during the past years in order to rationally estimate the lease period. In addition, the Bank used average amount of actual recovery cost for the past 3 years and the inflation rate for the preceding year in order to estimate future recovery cost.

(4) Changes in other provisions for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 293906 | 452280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions provided | 103671 | 29716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provisions used and others | (4486) | (185562) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reversal of unused amount | (39) | (2528) |
|  Ending balance | 393052 | 293906 |

---

------

(5) Others

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;① The Bank recognized the estimated amount of compensation related to incomplete sales of Derivative Linked Fund
(DLF) in 2019 and provisions for fines expected to be imposed by the Financial Services Commission as the best estimate of expenditure required to fulfill its current obligations at the end of the period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;② The Bank recognized a provision for the estimated amount of contractual refunds and loss compensations that may
be payable in relation to customer losses expected fund redemption delays, with ending balances of 259,168 million Won and 246,422 million Won as of December 31, 2025 and 2024, respectively. In addition, the Bank recognized a
provision—comprising estimated compensation for expected customer losses on equity-linked securities and the expected fines and penalties to be imposed by the Financial Services
Commission—amounting to 2,847 million Won and 781 million Won as of December 31, 2025 and 2024, respectively.

------

**24.** **NET DEFINED BENEFIT LIABILITY(ASSET)** 

The retirement benefit of the Bank is based on the defined retirement pension plan. Employees and directors with one or more years of service are entitled to receive a payment upon termination of their employment, based on their length of service and rate of salary at the time of termination. The assets of the plans are measured at their fair value at the end of reporting date. The plan liabilities are measured using actuarial assumptions that are considered to be the most reasonable estimate of future cash flows (the projected unit method, which takes account of projected earnings increases).

The Bank is exposed to various risks through defined benefit retirement pension plan, and the most significant risks are as follows:

---

| | |
|:---|:---|
|  Volatility of asset | The defined benefit obligation was estimated with a discount rate calculated based on return on high-quality corporate bonds. A deficit may occur if the rate of return of plan assets falls short of the discount rate. |
|  Decrease in return on high quality corporate bonds | A decrease in return on high-quality corporate bonds will be partially offset by some increase in the value of debt securities that the employee benefit plan owns but will bring an increase in the defined benefit obligation. |
|  Risk of inflation | Most defined benefit obligations are related to inflation rate; the higher the inflation rate is, the higher the level of liabilities. Therefore, deficit occurs in the system if an inflation rate increases. |

---

(1) Details of net defined benefit liability(asset) as of December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Present value of defined benefit obligations | 1711836 | 1588316 |
|  Fair value of plan assets | (1872173) | (1726232) |
|  Net defined benefit asset | (160337) | (137916) |

---

(2) Changes in the carrying value of defined benefit obligation for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the years ended December 31 | For the years ended December 31 |
| | | 2025 | 2024 |
|  Beginning balance | Beginning balance | 1588316 | 1356260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current service cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current service cost | 132826 | 121766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest cost | 64507 | 64530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements | Financial assumptions | (20119) | 79376 |
|  | Demographic assumptions |  | (533) |
|  | Experience adjustments | 39583 | (14545) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies translation adjustments |  | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | (120526) | (87193) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Past service cost | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Past service cost | 26469 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | 780 | 409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability acquired through business combination | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Liability acquired through business combination |  | 68237 |
|  Ending balance | Ending balance | 1711836 | 1588316 |

---

------

(3) Changes in the plan assets for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended<br>December 31 | For the years ended<br>December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 1726232 | 1577806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employer's contribution | 213000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest income | 69761 | 77208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurements | (10825) | (13670) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement benefit paid | (123693) | (83331) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of moving in and out of associates | 464 | 2514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asset acquired through business combination |  | 68237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | (2766) | (2532) |
|  Ending balance | 1872173 | 1726232 |

---

(4) The details of plan assets as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

<u>December 31, 2025</u> <u>December 31, 2024</u> <br> Time deposits and others 1,872,173 1,726,232

(5) Realized returns on plan assets amount to 58,936 million Won and 63,538 million Won for the years
ended December 31, 2025 and 2024, respectively, and the contribution expected to be paid in the current accounting year amounts to 65,094 million Won.

(6) The amounts recognized in net income and total comprehensive income in relation to defined benefit plans for
the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended<br>December 31, 2025 | For the year ended<br>December 31, 2024 |
|  Current service cost | 132826 | 121766 |
|  Past service cost (\*) | 26469 |  |
|  Net interest income | (5254) | (12678) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in net income | 154041 | 109088 |
|  Remeasurements | 30289 | 77968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost recognized in total comprehensive income | 184330 | 187056 |

---

(\*) This occurred due to changes in the criteria for determining ordinary wages during the year ended December 31, 2025.

Meanwhile, retirement benefits related to defined contribution plans recognized as expenses are 2,405 million Won and 2,030 million Won for the years ended December 31, 2025 and 2024, respectively.

(7) Key actuarial assumptions used in defined benefit liability measurement as of December 31, 2025 and 2024
are as follows:

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Discount rate | 4.46% | 4.03% |
|  Future wage growth rate | 5.49% | 5.19% |
|  Mortality rate | Issued by Korea Insurance<br>Development Institute | Issued by Korea Insurance<br>Development Institute |
|  Retirement rate | Experience rate for each<br>employment classification | Experience rate for each<br>employment classification |

---

The weighted average maturity of defined benefit liability is 9.57 years.

------

(8) The sensitivity to actuarial assumptions used in the assessment of defined benefit obligation as of
December 31, 2025 and 2024 is as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 (\*) | December 31, 2024 (\*) |
|  Discount rate | Increase by 1% point | (145339) | (137958) |
|  Discount rate | Decrease by 1% point | 167619 | 159621 |
|  Future wage growth rate | Increase by 1% point | 169126 | 160833 |
|  Future wage growth rate | Decrease by 1% point | (149127) | (141388) |

---

---

| | |
|:---|:---|
| (\*) | Although the above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant; in practice, more than one assumption are correlated. The sensitivity of the defined benefit obligation to changes in principal actuarial assumptions is calculated using the projected unit credit method, the same method applied when calculating the defined benefit obligations recognized in the statement of financial position.  |

---

(9) The details of the maturity of the defined benefit obligation as of December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Within 1 year |  | 71790 |  | 60056 |
|  After 1 year but less than 2 years |  | 101440 |  | 83523 |
|  After 2 years but less than 5 years |  | 427450 |  | 409094 |
|  After 5 years but less than 10 years |  | 525678 |  | 457362 |
|  After 10 years |  | 1564105 |  | 1390927 |

---

**25.** **OTHER FINANCIAL LIABILITIES AND OTHER LIABILITIES** 

Other financial liabilities and other liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Other financial liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 7001638 | 6119411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued expenses | 3759657 | 4124197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from trust accounts | 7844068 | 6874714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agency business revenue | 594684 | 733988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange payables | 761462 | 882269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Domestic exchanges payables | 11740938 | 7590328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lease liabilities | 303339 | 349797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous financial liabilities | 2129720 | 1775865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Present value discount | (1229) | (1118) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 34134277 | 28449451 |
|  Other liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unearned income | 47859 | 66853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other miscellaneous liabilities | 208980 | 164041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 256839 | 230894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 34391116 | 28680345 |

---

------

**26.** **DERIVATIVES** 

(1) Derivative assets and derivative liabilities as of December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Nominal<br>amount | Assets | Assets | Liabilities | Liabilities |
|  | Nominal<br>amount | For fair value<br>hedge | For<br>trading | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 49325 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3340000 |  | 155174 |  | 92925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 135834660 | 37010 | 142513 | 27050 | 147844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 320000 |  |  |  | 8194 |
|  Currency: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 106417617 |  | 2677319 |  | 1171597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 71157953 |  | 2815065 |  | 3686151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 67650 |  | 1267 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 81999 |  |  |  | 827 |
|  Equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 163 |  | 104 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1711 |  | 815 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 317271078 | 37010 | 5792257 | 27050 | 5107538 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal<br>amount | Assets | Assets | Liabilities | Liabilities |
|  | Nominal<br>amount | For fair value<br>hedge | For<br>trading | For fair value<br>hedge | For trading |
|  Interest rate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Futures | 101831 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 3530000 |  | 52855 |  | 274980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 139967836 | 10102 | 322586 | 102634 | 204743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 50000 |  | 81 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 360000 |  |  |  | 10595 |
|  Currency: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 111318517 |  | 5630127 |  | 1799433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 83261241 |  | 4055766 |  | 6829871 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 175224 |  | 4779 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written options | 265186 |  |  |  | 3603 |
|  Equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forwards | 1520 |  | 182 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Swaps | 7698 |  |  |  | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purchase options | 1767 |  | 1005 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 339040820 | 10102 | 10067381 | 102634 | 9124626 |

---

Derivatives held for trading are classified into financial assets at FVTPL (Note 7) and financial liabilities at FVTPL (Note 20), and derivatives held for hedging are presented as derivative assets and derivative liabilities in the statements of financial position.

------

(2) Overview of the Bank's hedge accounting

1) Fair value hedge

As of December 31, 2025, the Bank has applied fair value hedge on fixed interest rate foreign currency denominated debentures amounting to 3,763,978 million Won, and Korean Won denominated debentures amounting to 282,646 million Won. The purpose of the hedging is to avoid fair value volatility risk of fixed interest rate foreign currency and Korean Won denominated debentures derived from fluctuations of market interest rate, and as such the Bank entered into interest rate swap agreements designated as hedging instruments.

According to the interest rate swap contract, an amount computed by multiplying the difference between the fixed and variable interest rate to the predetermined nominal amount will be exchanged. As a result, the fixed interest rate condition in the foreign currency and Korean Won denominated debentures will practically be converted into variable interest rate, thereby eliminating the risk of fair value fluctuation. Pursuant to the interest rate swap agreement, hedge ratio is determined by matching the nominal value to the face value of the hedging instrument.

In this hedging relationship, only the market interest rate fluctuation, which is the most significant part of the fair value change of the hedged item, is designated as the hedged risk, and other risk factors including credit risk are not included in the hedged risk. Therefore, the ineffective portion of the hedge could arise from fluctuations in the timing of the cash flow of the hedged item, price margin set by counterparty of hedging instrument, and unilateral change in credit risk of any party of hedging instrument.

The interest rate swap agreements and the hedged items are subject to fluctuations in the underlying market rate of interest and the Bank expects the value of the interest rate swap contract and the value of the hedged item to generally change in the opposite direction.

The fair value of the interest rate swap at the end of the reporting period is determined by discounting future cash flows estimated using the yield curve at the end of the reporting period and the credit risk embedded in the contract and the average interest rate is determined based on the outstanding balance at the end of the reporting period. The variable interest rate applied to the interest rate swap is Compounding SOFR or CD 3M plus spread. In accordance with the terms of each interest rate swap contract designated as a hedging instrument, the Bank receives interest at a fixed interest rate and pays interest at a variable interest rate.

2) Hedges of net investment in foreign operations

Foreign currency exposure arises from the Bank's net investments in New York branch, LA branch, Singapore branch and etc., which use USD as a functional currency. The risk arises from fluctuation in the spot exchange rate between USD and KRW. This may change the net investment amount.

The risk hedged from net investment hedging is the risk of fluctuations in KRW against USD, which could reduce the net investment carrying amount of the Bank in New York branch, LA branch, Singapore branch and etc.

Some of the Bank's net investments in New York branch, LA branch, Singapore branch are hedged in USD-denominated foreign currency bonds (Carrying amount as of December 31, 2025: USD 92,000,000) and mitigated the exchange risk arising from the net assets of branch. The bond was designated as a hedging instrument for changes in the value of net investment resulting from fluctuations in the spot exchange rate of USD and KRW.

To assess the effectiveness of the hedge, the Bank determines the economic relationship between the hedging instrument and the hedged item by comparing (offsetting) changes in the amount of foreign investments and the carrying amount of liabilities due to spot exchange rate fluctuation. The Bank's policy is to hedge its net investment only within the principal range of its liabilities.

------

(3) The nominal amounts of the hedging instrument as of December 31, 2025 and 2024 are as follows (Unit: USD,
and Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | 1 year or less | 1 year to 5<br>years | More than 5<br>years | Total |
|  Fair value hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | &nbsp;&nbsp;&nbsp;&nbsp;550000000 | 2100000000 |  | 2650000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) |  |  | 290000 | 290000 |
|  Hedges of net investment in foreign operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD) |  | 92000000 |  | 92000000 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | 1 year or less | 1 year to 5<br>years | More than 5<br>years | Total |
|  Fair value hedge |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | 25000000 | 2650000000 |  | 2675000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) |  |  | 155000 | 155000 |
|  Hedges of net investment in foreign operations |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD) | 92000000 |  |  | 92000000 |

---

(4) The average interest rate and average exchange rate of the hedging instrument as of December 31, 2025 and
2024 are as follows:

---

| | |
|:---|:---|
|  | December 31, 2025 |
|  Fair value hedge |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | Fixed 3.47% receipt and C.SOFR+1.06% floating paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) | Fixed 3.94% receipt and CD 3M+0.01% floating paid |
|  Hedges of net investment in foreign operations |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD/KRW) | 1421.88 |

---

---

| | |
|:---|:---|
|  | December 31, 2024 |
|  Fair value hedge |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (USD) | Fixed 3.47% receipt and C.SOFR+1.06% floating paid |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps (KRW) | Fixed 4.52 % receipt and CD 3M+ 0.02% floating paid |
|  Hedges of net investment in foreign operations |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures (USD/KRW) | 1363.09 |

---

------

(5) Fair value hedge

1) The amounts related to items designated as fair value hedging instruments as of December 31, 2025 and 2024 are as follows (Unit: USD and Korean Won in millions): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Line item in the<br> statement of financial<br> position where the<br> hedging instrument is<br> located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the<br> statement of financial<br> position where the<br> hedging instrument is<br> located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
|  |  |  |  | Derivative assets |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps | USD 2,650,000,000 |  |  | (Designated for hedging) |  |
|  |  | 37010 | 27050 | Derivative liabilities | 93549 |
|  | 290000 |  |  | (Designated for hedging) |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Line item in the<br> statement of financial<br> position where the<br> hedging instrument is<br> located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the<br> statement of financial<br> position where the<br> hedging instrument is<br> located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |
|  |  |  |  | Derivative assets |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate swaps | USD 2,675,000,000 |  |  | (Designated for hedging) |  |
|  |  | 10102 | 102634 | Derivative liabilities | 5265 |
|  | 155000 |  |  | (Designated for hedging) |  |

---

2) Details of carrying amount to fair value hedged and amount adjusted due to hedge accounting as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Carrying amounts of the<br>hedging item | Carrying amounts of the<br>hedging item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures |  | 3763978 |  | 29538 | Debentures | (91877) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean Won denominated debentures |  | 282646 |  | 7354 | Debentures | 11117 |

---

(\*) The accumulated profit on foreign currency denominated debentures was 29,538 million Won, and the accumulated profit on Korean Won denominated debentures was 7,354 million Won as of December 31, 2025.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Carrying amounts of the<br>hedging item | Carrying amounts of the<br>hedging item | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Accumulated amount of fair<br>value hedge adjustments on<br>the hedged item included in<br>the carrying amount of the<br>hedged item (\*) | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Assets | Liabilities | Assets | Liabilities | Line item in the statement of<br>financial position in which the<br>hedged item is included | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Fair value hedge |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures |  | 3792388 |  | 124647 | Debentures | (12758) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korean Won denominated debentures |  | 159659 |  | 4659 | Debentures | (4659) |

---

(\*) The accumulated profit on foreign currency denominated debentures was 124,647 million Won, and the accumulated loss on Korean Won denominated debentures was 4,659 million Won as of December 31, 2024.

3) Amounts recognized in profit or loss due to the ineffective portion of fair value hedges for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  |  | Hedge ineffectiveness<br>recognized in profit or loss | Hedge ineffectiveness<br>recognized in profit or loss | Line item in the profit or loss |
|  Fair value hedge | Interest rate risk |  | 12789 | Other operating income, net |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  |  | Hedge ineffectiveness<br>recognized in profit or loss | Line item in the profit or loss |
|  Fair value hedge | Interest rate risk | (12152) | Other operating expense, net |

---

(6) Hedges of net investment in foreign operations

1) The amounts related to items designated as hedging instruments of net investments in foreign operations as of December 31, 2025 and 2024 are as follows (Unit: USD and Korean Won in millions): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 | December 31, 2025 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Line item in the<br>consolidated statement<br>of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the<br>consolidated statement<br>of financial position<br>where the hedging<br>instrument is located | Changing in fair<br>value used for<br>calculating hedge<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures | USD 92,000,000 |  | 132011 | Foreign currency<br>denominated<br>debentures | 3230 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 | December 31, 2024 |
|  | Nominal amounts of<br>the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Carrying amounts of the hedging<br>instrument | Line item in the consolidated<br>statement of financial position<br>where the hedging instrument<br>is located | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness |
|  | Nominal amounts of<br>the hedging<br>instrument | Assets | Liabilities | Line item in the consolidated<br>statement of financial position<br>where the hedging instrument<br>is located | Changing in<br>fair value used<br>for calculating<br>hedge<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currency denominated debentures | USD 92,000,000 |  | 135240 | Foreign currency<br>denominated debentures | (16600) |

---

2) The amounts related to items designated as hedged items of net investments in foreign operations as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 |
|  | Changing in fair value used for<br>calculating hedge ineffectiveness | Balance of foreign currency translation<br>reserve in hedge accounting |
|  Hedges of net investment in foreign operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net assets | (3230) | (6159) |

---

---

| | | |
|:---|:---|:---|
|  | December 31, 2024 | December 31, 2024 |
|  | Changing in fair value used for<br>calculating hedge ineffectiveness | Balance of foreign currency translation<br>reserve in hedge accounting |
|  Hedges of net investment in foreign operations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign operations net assets | 16600 | (8536) |

---

3) The amounts recognized in other comprehensive income and profit or loss related to net investment hedges in foreign operations for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions): 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  | Hedge gain or loss<br>recognized in other<br>comprehensive<br>income | Income tax<br>effect | Sub-total | Hedge ineffectiveness<br>recognized in profit<br>or loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk | 3230 | (853) | 2377 |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Other comprehensive income | Other comprehensive income | Other comprehensive income | Profit or loss | Profit or loss |
|  | Hedge gain or loss<br>recognized in other<br>comprehensive<br>income | Income tax<br>effect | Sub-total | Hedge ineffectiveness<br>recognized in profit<br>or loss | Line item<br>recognizing<br>ineffectiveness |
|  Hedges of net investment in foreign operations |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange risk | (16600) | 4383 | (12217) |  |  |

---

------

No amount was reclassified from reserve of hedges of net investment in foreign operations to profit or loss for the years ended December 31, 2025 and 2024.

**27.** **DEFERRED DAY 1 PROFITS OR LOSSES** 

Changes in deferred day 1 profits or losses for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Beginning balance | 28 | 7848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amounts recognized in profits or losses | (28) | (7820) |
|  Ending balance |  | 28 |

---

In case some variables to measure fair values of financial instruments are not observable in the market, valuation techniques are utilized to evaluate such financial instruments. Those financial instruments are recorded at the transaction price, even though there are differences noted between the transaction price and the fair value price produced by the valuation techniques at the time of acquisition. In addition, the difference between fair value and transaction price is deferred and amortized to maturity and reflected in profit or loss. The table above presents the difference yet to be realized as profit or losses for the years ended December 31, 2025 and 2024.

**28.** **SHARE CAPITAL AND CAPITAL SURPLUS** 

(1) The number of authorized shares and others as of December 31, 2025 and 2024 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Shares of common stock authorized |  | 5,000,000,000 Shares |  | 5,000,000,000 Shares |
| Par value per share |  | 5,000 Won |  | 5,000 Won |
|  Shares of common stock issued |  | 716,000,000 Shares |  | 716,000,000 Shares |
|  Share capital |  | 3,581,392 million Won |  | 3,581,392 million Won |

---

(2) Details of capital surplus as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

<u>December 31, 2025</u> <u>December 31, 2024</u> <br> Capital in excess of par value 1,068,420 1,068,420

------

**29.** **HYBRID SECURITIES** 

The bond-type hybrid securities classified as owner's equity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Issue date | Maturity date | Interest rate<br>(%) | December 31,<br>2025 | December 31,<br>2024 |
|  Hybrid securities in local currency | June 3, 2015 | June 3, 2045 | 4.4 |  | 240000 |
|  | September 21, 2022 |  | 5.2 | 320000 | 320000 |
|  | September 21, 2022 |  | 5.5 | 30000 | 30000 |
|  | October 16, 2023 |  | 5.4 | 300000 | 300000 |
|  Hybrid securities in foreign currency | July 24, 2024 |  | 6.4 | 761805 | 761805 |
|  | Issuance cost |  |  | (5292) | (5858) |
|  | Total |  |  | 1406513 | 1645947 |

---

The hybrid securities mentioned above are either without a maturity date or its maturity can be extended indefinitely at the maturity date without changing terms, and early redemption may be made after 5, 7 or 10 years from the issue date (Issuer Call). In addition, interest payments can be suspended or canceled at the Bank's discretion.

**30.** **OTHER EQUITY** 

(1) Details of other equity as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Accumulated other comprehensive income: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on valuation of financial assets at FVTOCI | 4392 | 50263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain on changes in credit risk of financial liabilities designated to be measured at FVTPL | 1274 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on foreign currency translation of foreign operations | 15303 | 24470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss on evaluation of hedges of net investment in foreign operations | (6159) | (8536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Remeasurement loss related to defined benefit plan | (93304) | (72427) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (78494) | (4882) |
|  Other capital adjustments | (416) | (50333) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (78910) | (55215) |

---

------

(2) Changes in the accumulated other comprehensive income for the years ended December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Beginning<br>balance | Increase<br>(decrease) (\*) | Reclassification<br>adjustments | Income tax<br>effect (\*) | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 50263 | 18007 | (80241) | 16363 | 4392 |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL | 1348 | (74) |  |  | 1274 |
|  Gain (loss) on foreign currency translation of foreign operations | 24470 | (12140) |  | 2973 | 15303 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | (8536) | 3230 |  | (853) | (6159) |
|  Remeasurement gain (loss) related to defined benefit plan | (72427) | (30289) |  | 9412 | (93304) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (4882) | (21266) | (80241) | 27895 | (78494) |

---

(\*) Net loss on valuation of financial assets at FVTOCI includes 1,326 million Won which was transferred to retained earnings due to disposal of equity securities.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Beginning<br>balance | Increase<br>(decrease) (\*) | Reclassification<br>adjustments | Income tax<br>effect (\*) | Ending<br>balance |
|  Net gain (loss) on valuation of financial assets at FVTOCI | 73985 | (19001) | (13230) | 8509 | 50263 |
|  Net gain (loss) on changes in credit risk of financial liabilities designated to be measured at FVTPL |  | 1831 |  | (483) | 1348 |
|  Gain (loss) on foreign currency translation of foreign operations | (9050) | 45544 |  | (12024) | 24470 |
|  Gain (loss) on evaluation of hedge of net investment in foreign operations | 3681 | (16600) |  | 4383 | (8536) |
|  Remeasurement gain (loss) related to defined benefit plan | (15042) | (77968) |  | 20583 | (72427) |
|  Total | 53574 | (66194) | (13230) | 20968 | (4882) |

---

(\*) Net gain on valuation of financial assets at FVTOCI includes 53,539 million Won which was transferred to retained earnings due to disposal of equity securities.

------

**31.** **RETAINED EARNINGS** 

(1) Details of retained earnings as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in
millions):

---

| | | | |
|:---|:---|:---|:---|
|  |  | December 31, 2025 | December 31, 2024 |
|  Legal reserve | Legal reserves in Korea | 3329754 | 3049754 |
|  | Other legal reserve | 33239 | 33239 |
|  | Sub-total | 3362993 | 3082993 |
|  Voluntary reserve | Business rationalization reserve | 8000 | 8000 |
|  | Reserve for financial structure improvement | 235400 | 235400 |
|  | Additional reserve | 8576104 | 8576104 |
|  | Regulatory reserve for credit loss | 1952942 | 1767408 |
|  | Revaluation reserve | 701685 | 701685 |
|  | Sub-total | 11474131 | 11288597 |
|  Retained earnings before appropriation | Retained earnings before appropriation | 6715185 | 6115176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 21552309 | 20486766 |

---

1) Legal Reserve

In accordance with the Article 40, Banking Act of Korea, earned surplus reserve is appropriated at least one tenth of the earnings after tax on every dividend declaration, not exceeding the paid in capital. This reserve may not be used other than for offsetting a deficit or transferring to capital.

2) Other legal reserve

Other legal reserves were appropriated in the branches located in Japan, India and Bangladesh according to the banking laws of Japan, India and Bangladesh, and may be used to offset any deficit incurred in those branches.

3) Business rationalization reserve

Pursuant to the Restriction of Special Taxation Act, the Bank was previously required to appropriate, as a reserve for business rationalization, amounts equal to tax reductions arising from tax exemptions and tax credits up to December 31, 2001. The requirement was no longer effective from 2002.

4) Reserve for financial structure improvement

From 2002 to 2014, the Finance Supervisory Services recommended banks in Korea to appropriate at least 10 percent of net income after accumulated deficit for financial structure improvement, until tangible common equity ratio equals 5.5 percent. This reserve is not available for payment of cash dividends; however, it can be used to reduce a deficit or be transferred to capital. The reserve and appropriation are an autonomous judgment matter of the Bank since 2015.

5) Additional reserve

Additional reserve is a voluntary reserve to retain earnings for capital adequacy and soundness of the Bank's operation.

6) Regulatory reserve for credit loss

In accordance with paragraph 1 and 2 of Article 29 of the Regulation on Supervision of Banking Business ("RSBB"), if provisions for credit loss under K-IFRS for the accounting purpose are lower than provisions for credit loss under RSBB, the Bank is prohibited to provide dividends with the regulatory reserve.

7) Revaluation reserve

Revaluation reserve is the amount of limited dividends set by the Board of Directors to be recognized as complementary capital when the gains or losses occurred in the property revaluation by adopting K-IFRS.

------

(2) Statements of appropriations of retained earnings (plan) for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Unappropriated retained earnings: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unappropriated retained earnings carried over from prior years | 4246785 | 3343333 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disposal gain or loss in FVTOCI financial assets | (1326) | 53540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income | 2558860 | 2794552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividend on hybrid equity securities | (89134) | (76249) |
|  | 6715185 | 6115176 |
|  Transfer from retained earnings: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory reserve for credit loss | 33737 |  |
|  | 33737 |  |
|  Appropriation of retained earnings: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal reserve | 256000 | 280000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory reserve for credit loss | 224576 | 185534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of loss of repayment of hybrid equity securities | 416 | 49743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Business combination loss |  | 590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash dividend (dividend per share (Dividend rate based on par value)) | 1164932 | 1352524 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2025: Common shares of 1,627 Won (33%) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2024: Common shares of 1,889 Won (38%)) |  |  |
|  | 1645924 | 1868391 |
|  Unappropriated retained earnings to be carried forward to next year | 5102998 | 4246785 |

---

------

**32.** **REGULATORY RESERVE FOR CREDIT LOSS** 

In accordance with Paragraph 1 and 2 of Article 29 of the Regulation on Supervision of Banking Business, the Bank calculates and discloses the regulatory reserve for credit loss.

(1) Balances of the regulatory reserve for credit loss as of December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31,<br>2025 | December 31,<br>2025 | December 31,<br>2024 | December 31,<br>2024 |
|  Regulatory reserve for credit loss |  | 1952942 |  | 1767408 |
|  Planned provision for regulatory reserve for credit loss |  | 224576 |  | 185534 |
|  Ending balance |  | 2177518 |  | 1952942 |

---

(2) Planned reserves provided, adjusted net income after the planned reserves provided and adjusted EPS after the
planned reserves provided for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions, except for EPS amount):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income | 2558860 | 2794552 |
|  Required provision for regulatory reserve for credit loss | 224576 | 185534 |
|  Adjusted net income after the provision for regulatory reserve | 2334284 | 2609018 |
|  Adjusted EPS after the provision for regulatory reserve (Unit: Korean Won) (\*) | 3136 | 3537 |

---

(\*) For the years ended December 31, 2025 and 2024, it was calculated by deducting 89,134 million Won and 76,249 million Won, respectively, of dividends on hybrid securities from adjusted net income after the provision for regulatory reserve.

**33.** **DIVIDENDS** 

Dividends for the years ended December 31, 2025 and 2024 are 1,627 Won and 1,889 Won per share, respectively, and the total amount of dividends approved are 1,164,932 million Won and 1,352,524 million Won, respectively. Dividends as of December 31, 2025 will be proposed at the regular shareholders' meeting scheduled on March 20, 2026.

------

**34.** **NET INTEREST INCOME** 

(1) Interest income recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Financial assets at FVTPL | 111864 | 120688 |
|  Financial assets at FVTOCI | 1227532 | 1227748 |
|  Securities at amortized cost | 526918 | 628637 |
|  Loans and other financial assets at amortized cost: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on due from banks | 407663 | 453365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on loans | 14085257 | 15516770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on other receivables | 30780 | 35170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 14523700 | 16005305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 16390014 | 17982378 |

---

(2) Interest expense recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Interest on deposits due to customers | 7396318 | 8904688 |
|  Interest on borrowings | 786620 | 975397 |
|  Interest on debentures | 945401 | 977084 |
|  Interest on lease liability | 11731 | 12892 |
|  Other interest expense | 295423 | 370534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 9435493 | 11240595 |

---

------

**35.** **NET FEES AND COMMISSIONS INCOME** 

(1) Details of fees and commissions income recognized for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Fees and commissions received for brokerage | 225889 | 241762 |
|  Fees and commissions received related to credit | 134366 | 151860 |
|  Fees and commissions received for electronic finance | 131857 | 130172 |
|  Fees and commissions received on foreign exchange handling | 43457 | 44237 |
|  Fees and commissions received on foreign exchange | 42301 | 47311 |
|  Fees and commissions received for guarantee | 118277 | 123333 |
|  Fees and commissions received on securities business | 59512 | 48230 |
|  Fees and commissions from trust management | 203895 | 178352 |
|  Other fees | 204290 | 188109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1163844 | 1153366 |

---

(2) Details of fees and commissions expense incurred for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Fees and commissions paid | 199785 | 179992 |
|  Others | 283 | 211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 200068 | 180203 |

---

------

**36.** **DIVIDEND INCOME** 

(1) Details of dividend income recognized for the years ended December 31, 2025 and 2024 are as follows (Unit:
Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Dividend income related to financial assets at FVTPL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on equity securities | 11929 | 9947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on capital contribution | 76871 | 96918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on beneficiary certificates | 345493 | 332818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 434293 | 439683 |
|  Dividend income related to financial assets at FVTOCI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on equity securities | 20285 | 17566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends on capital contributions | 40 | 160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 20325 | 17726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 454618 | 457409 |

---

(2) Details of dividends related to financial assets at FVTOCI for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Dividend income recognized from assets held |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 19758 | 17726 |
|  Dividend income generated from assets disposed |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity securities | 567 |  |
|  Total | 20325 | 17726 |

---

------

**37.** **NET GAIN OR LOSS ON FINANCIAL INSTRUMENTS AT FVTPL** 

(1) Details of net gain or loss on financial instruments at FVTPL for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net gain on financial instruments at FVTPL | 307528 | 1528808 |
|  Net gain (loss) on financial instruments designated to be measured at FVTPL | 389 | (19647) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 307917 | 1509161 |

---

(2) Details of net gain or loss on financial instruments at FVTPL for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended December 31 | For the years ended December 31 |
|  |  |  | 2025 | 2024 |
|  Financial assets at FVTPL | Securities | Gain on transactions and valuation | 395956 | 604282 |
|  |  | Loss on transactions and valuation | (568897) | (215363) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (172941) | 388919 |
|  | Loans | Gain on transactions and valuation |  | 11672 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 11672 |
|  | Other financial instruments | Gain on transactions and valuation | 28139 | 6083 |
|  |  | Loss on transactions and valuation | (25988) | (5456) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 2151 | 627 |
|  | Sub-total |  | (170790) | 401218 |
|  Derivatives (for trading) | Interest rate derivatives | Gain on transactions and valuation | 2086925 | 2971144 |
|  |  | Loss on transactions and valuation | (1828669) | (2925577) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 258256 | 45567 |
|  | Currency derivatives | Gain on transactions and valuation | 9039116 | 14757417 |
|  |  | Loss on transactions and valuation | (8818990) | (13664289) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 220126 | 1093128 |
|  | Equity derivatives | Gain on transactions and valuation | 111 | 1182989 |
|  |  | Loss on transactions and valuation | (175) | (1194094) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (64) | (11105) |
|  | Sub-total |  | 478318 | 1127590 |
|  | Total |  | 307528 | 1528808 |

---

(\*) The Bank manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to foreign exchange are described in Notes 40. (2) and (3).

------

(3) Details of net gain or loss on financial instruments designated to be measured at FVTPL for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net gain (loss) on deposits due to customers: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net gain (loss) on valuation of time deposit | 389 | (19647) |

---

**38.** **NET GAIN OR LOSS ON FINANCIAL ASSETS AT FVTOCI** 

Details of net gain or loss on financial assets at FVTOCI recognized for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2025 | 2024 | 2024 |
|  Gain on disposal of securities |  | 137515 |  | 92107 |

---

**39.** **REVERSAL OF (PROVISION FOR) EXPECTED CREDIT LOSS ALLOWANCE** 

Reversal of (provision for) expected credit loss allowance for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Provision for expected credit loss allowance on financial assets measured at FVTOCI | (8595) | (8865) |
|  Reversal of (provision for) expected credit loss allowance on securities at amortized cost | (335) | 3233 |
|  Provision for expected credit loss allowance on loans and other financial assets at amortized cost | (814273) | (707189) |
|  Reversal of (provision for) provision on guarantee | (8590) | 7020 |
|  Reversal of unused loan commitments | 4673 | 7536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (827120) | (698265) |

---

------

**40.** **GENERAL ADMINISTRATIVE EXPENSES AND OTHER OPERATING INCOME (EXPENSES), NET** 

(1) Details of general and administrative expenses recognized for the years ended December 31, 2025 and 2024
are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended December 31 | For the years ended December 31 |
|  |  |  | 2025 | 2024 |
|  Employee benefits | Short-term employee benefits | Salaries | 1474808 | 1396958 |
|  |  | Employee benefits | 599084 | 524809 |
|  | Share-based payments |  | 50934 | 23261 |
|  | Retirement benefit service costs |  | 156446 | 111117 |
|  | Termination benefits |  | 169013 | (3485) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 2450285 | 2052660 |
|  Depreciation and amortization | Depreciation and amortization |  | 378054 | 351410 |
|  Other general and administrative expenses | Rent |  | 81158 | 79766 |
|  | Taxes and public dues |  | 148982 | 151414 |
|  | Service charges |  | 239268 | 226428 |
|  | Computer and IT related |  | 184921 | 168620 |
|  | Telephone and communication |  | 47472 | 45041 |
|  | Advertising |  | 167316 | 140399 |
|  | Printing |  | 3447 | 4081 |
|  | Traveling |  | 8221 | 7311 |
|  | Supplies |  | 4979 | 5087 |
|  | Insurance premium |  | 2777 | 2639 |
|  | Maintenance |  | 13261 | 13795 |
|  | Water, light and heating |  | 14545 | 14723 |
|  | Vehicle maintenance |  | 6560 | 6783 |
|  | Others |  | 106216 | 57067 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total |  | 1029123 | 923154 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total |  | 3857462 | 3327224 |

---

(2) Details of other operating income recognized for the years ended December 31, 2025 and 2024 are as follows
(Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Gain on transactions of foreign exchange | 1386918 | 661501 |
|  Gain on derivatives (designated for hedging) | 102915 | 40843 |
|  Gain on fair value hedged items | 12013 | 25469 |
|  Others | 2677 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 1504523 | 728694 |

---

(\*) The Bank manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to derivatives are described in Note 37. (2).

------

(3) Details of other operating expenses recognized for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Loss on transactions of foreign exchange (\*1) | 1010813 | 1693920 |
|  KDIC deposit insurance premium | 479229 | 492443 |
|  Contribution to miscellaneous funds | 522390 | 526544 |
|  Loss on derivatives (designated for hedging) | 9532 | 24252 |
|  Loss on fair value hedged items | 92138 | 64571 |
|  Others (\*2) | 112838 | 146525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 2226940 | 2948255 |

---

(\*1) The Bank manages currency risk based on a comprehensive position that includes both domestic and international spot and futures foreign exchange positions. Details on gains and losses related to derivatives are described in Note 37. (2).

(\*2) 'Others' for the years ended December 31, 2025 and 2024, include 32,495 million Won and 28,509 million Won, respectively, of amortization expenses for intangible assets.

(4) Share-based Payment

Details of performance condition share-based payment granted to executives as of December 31, 2025 and 2024 are as follows:

1) Performance condition share-based payment

---

| | | |
|:---|:---|:---|
|  Subject to |  | Shares granted for the year 2021 (\*4) |
|  Type of payment |  | Cash-settled |
|  Vesting period |  | January 1, 2021 ~ December 31, 2024 |
|  Date of payment |  | January 1, 2025 |
|  Fair value (Unit: Korean Won) (\*1) |  |  |
|  Valuation method |  |  |
|  Dividend yield |  |  |
|  Expected maturity |  |  |
|  Number of shares measured as of the closing<br>date (\*2),(\*3) | As of December 31, 2025 |  |
|  | As of December 31, 2024 | 865,494 shares |
|  Subject to |  | Shares granted for the year 2022 |
|  Type of payment |  | Cash-settled |
|  Vesting period |  | January 1, 2022 ~ December 31, 2025 |
|  Date of payment |  | January 1, 2026 |
|  Fair value (Unit: Korean Won) (\*1) |  | 27713 |
|  Valuation method |  | Black-Scholes Model |
|  Dividend yield |  | 7.300% |
|  Expected maturity |  | 0 year |
|  Number of shares measured as of the closing<br>date (\*2),(\*3) | As of December 31, 2025 | 737,601 shares |
|  | As of December 31, 2024 | 737,601 shares |

---

------

---

| | | |
|:---|:---|:---|
|  Subject to |  | Shares granted for the year 2023 |
|  Type of payment |  | Cash-settled |
|  Vesting period |  | January 1, 2023 ~ December 31, 2026 |
|  Date of payment |  | January 1, 2027 |
|  Fair value (Unit: Korean Won) (\*1) |  | 25763 |
|  Valuation method |  | Black-Scholes Model |
|  Dividend yield |  | 7.300% |
|  Expected maturity |  | 1 year |
|  Number of shares measured as of the closing<br>date (\*2),(\*3) | As of December 31, 2025 | 755,920 shares |
|  | As of December 31, 2024 | 755,920 shares |
|  Subject to |  | Shares granted for the year 2024 |
|  Type of payment |  | Cash-settled |
|  Vesting period |  | January 1, 2024 ~ December 31, 2027 |
|  Date of payment |  | January 1, 2028 |
|  Fair value (Unit: Korean Won) (\*1) |  | 23949 |
|  Valuation method |  | Black-Scholes Model |
|  Dividend yield |  | 7.300% |
|  Expected maturity |  | 2 years |
|  Number of shares measured as of the closing<br>date (\*2),(\*3) | As of December 31, 2025 | 1,189,935 shares |
|  | As of December 31, 2024 | 1,189,935 shares |
|  Subject to |  | Shares granted for the year 2025 |
|  Type of payment |  | Cash-settled |
|  Vesting period |  | January 1, 2025 ~ December 31, 2028 |
|  Date of payment |  | January 1, 2029 |
|  Fair value (Unit: Korean Won) (\*1) |  | 22263 |
|  Valuation method |  | Black-Scholes Model |
|  Dividend yield |  | 7.300% |
|  Expected maturity |  | 3 years |
|  Number of shares measured as of the closing<br>date (\*2),(\*3) | As of December 31, 2025 | 875,569 shares |
|  | As of December 31, 2024 | - shares |

---

---

| | |
|:---|:---|
| (\*1) | As of December 31, 2025, the fair value calculated using the Black-Scholes model was used to measure liabilities by reflecting the average dividend rate for the past four years to the stock price of the weighted average of Woori Financial Group's trading volume for the past week, month and two months.  |

---

---

| | |
|:---|:---|
| (\*2) | At the initial point in time (January 1st of each fiscal year), the maximum number of shares granted is determined. The final number of shares to be paid is confirmed based on the evaluation results of long-term performance indicators over a total of four years, including the current year. The final compensation is then paid in cash, reflecting the stock price at the time of payment. The long-term performance indicators include relative shareholder returns, common Equity Tier 1 capital ratio, net income, return on equity (ROE), cost-to-income ratio (C/I ratio), non-performing loan ratio, and performance in assigned duties.  |

---

(\*3) As of December 31, 2025, the remaining quantity and granted quantity are the same.

(\*4) It has been fully paid as of December 31, 2025.

2) The Bank accounts for performance condition share-based payments according to the cash-settled method and the fair value of the liabilities is reflected in the compensation costs by re-measuring per every closing period. As of December 31, 2025 and 2024, the book value of the liabilities related to the performance condition share-based payments recognized by the Bank is 87,906 million Won and 50,674 million Won, respectively. 

------

**41.** **OTHER NON-OPERATING INCOME (EXPENSES)** 

(1) Details of gains or losses on valuation of investments in subsidiaries and associates recognized for the years
ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2025 | 2024 | 2024 |
|  Impairment loss |  | 5368 |  | 2386 |

---

(2) Details of other non-operating income and expenses recognized for the
years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Other non-operating income | 142432 | 145933 |
|  Other non-operating expenses | (267998) | (174773) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | (125566) | (28840) |

---

(3) Details of other non-operating income recognized for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Rental fee income | 28330 | 29338 |
|  Dividend gains on investment in subsidiaries and associates | 43187 | 73339 |
|  Equity method trading income |  | 12609 |
|  Gains on disposal of assets held for sale | 33598 |  |
|  Gains on disposal of properties and equipment, intangible assets and other assets | 6177 | 337 |
|  Others | 31140 | 30310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 142432 | 145933 |

---

(4) Details of other non-operating expenses recognized for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Depreciation on investment properties | 5355 | 7810 |
|  Interest expenses of rent leasehold deposits | 1113 | 1631 |
|  Losses on disposal of properties and equipment, intangible assets and other assets | 1379 | 1435 |
|  Impairment loss of properties and equipment, intangible assets and other assets | 360 | 217 |
|  Donation | 143444 | 111022 |
|  Others (\*) | 116347 | 52658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 267998 | 174773 |

---

(\*) Other special losses related to other provisions for the years ended December 31, 2025 and 2024 are 98,913 million Won and 31,023 million Won, respectively.

------

**42.** **INCOME TAX EXPENSE** 

(1) Details of income tax expenses for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean
Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Current tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax expense in respect of the current year | 1012014 | 474798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments recognized in the current period in relation to the current tax of prior periods | 8735 | (32584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current tax charged to other equity directly | (853) | 4383 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 1019896 | 446597 |
|  Deferred tax expense |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Change in deferred tax assets (liabilities) relating to the temporary differences | (298903) | 404805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax charged to other equity directly | 28748 | 16585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (270155) | 421390 |
|  Income tax expense | 749741 | 867987 |

---

(2) Income tax expenses reconciled to net income before income tax expense for the years ended December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income before income tax expense | 3308601 | 3662539 |
|  Tax calculated at statutory tax rate (\*) | 863109 | 956548 |
|  Adjustments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of income that is exempt from taxation | (29990) | (30868) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of expense not deductible in determining taxable profit | 22413 | 11816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjustments recognized in the current period in relation to the current tax of prior periods | 8735 | (32584) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Effect of income tax expense that is resulting from consolidated tax return | (111659) | (66172) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others | (2867) | 29247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | (113368) | (88561) |
|  Income tax expense | 749741 | 867987 |
|  Effective tax rate | 22.7% | 23.7% |

---

---

| | |
|:---|:---|
| (\*) | The applicable income tax rate; 1) 9.9% for below 200 million Won, 2) 20.9% for above 200 million Won and below 20 billion Won, 3) 23.1% for above 20 billion Won and below 300 billion Won, 4) 26.4% for above 300 billion Won.  |

---

------

(3) Changes in cumulative temporary differences for the years ended December 31, 2025 and 2024, are as follows
(Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Beginning balance | Recognized as income<br>(loss) | Recognized as other<br>comprehensive income (loss) | Ending balance |
|  Gain (loss) on financial assets | (253137) | 90877 | 16363 | (145897) |
|  Gain (loss) on valuation of derivatives | (226996) | 46903 |  | (180093) |
|  Accrued income | (112273) | (7751) |  | (120024) |
|  Provision for loan losses | 18957 | 10121 |  | 29078 |
|  Loans and receivables written off | 4494 | 210 |  | 4704 |
|  Loan origination costs and fees | (161273) | 41046 |  | (120227) |
|  Defined benefit liability | 439587 | 46079 | 9412 | 495078 |
|  Deposits with employee retirement insurance trust | (463300) | (68765) |  | (532065) |
|  Provision for guarantee | 5594 | 1412 |  | 7006 |
|  Other provision | 107006 | 15432 |  | 122438 |
|  Others | (135731) | 94591 | 2973 | (38167) |
|  Net deferred tax assets (liabilities) | (777072) | 270155 | 28748 | (478169) |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Beginning balance | Recognized as income<br>(loss) | Recognized as other<br>comprehensive income (loss) | Ending balance |
|  Gain (loss) on financial assets | (146804) | (114842) | 8509 | (253137) |
|  Gain (loss) on valuation of derivatives | 49556 | (276552) |  | (226996) |
|  Accrued income | (128508) | 16235 |  | (112273) |
|  Provision for loan losses | 879 | 18078 |  | 18957 |
|  Loans and receivables written off | 4382 | 112 |  | 4494 |
|  Loan origination costs and fees | (145464) | (15809) |  | (161273) |
|  Defined benefit liability | 373503 | 45500 | 20584 | 439587 |
|  Deposits with employee retirement insurance trust | (445731) | (17569) |  | (463300) |
|  Provision for guarantee | 7803 | (2209) |  | 5594 |
|  Other provision | 150961 | (43955) |  | 107006 |
|  Others | (92845) | (30379) | (12507) | (135731) |
|  Net deferred tax assets (liabilities) | (372268) | (421390) | 16586 | (777072) |

---

(4) Unrealizable temporary differences as of December 31, 2025 and 2024, are as follows (Unit: Korean Won in
millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Deductible temporary differences | 264208 | 258693 |
|  Taxable temporary differences | (108055) | (108055) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 156153 | 150638 |

---

No deferred income tax asset has been recognized for the deductible temporary difference of 264,208 million Won associated with investments in subsidiaries as of December 31, 2025, because it is not probable that the temporary differences will be reversed in the foreseeable future.

------

No deferred income tax liability has been recognized for the taxable temporary difference of 108,055 million Won associated with investment in subsidiaries as of December 31, 2025, due to the following reasons:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Bank can control the timing of the reversal of the temporary differences.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• It is probable that the temporary differences will not be reversed in the foreseeable future.

(5) Details of accumulated deferred tax charged directly to other equity as of December 31, 2025 and 2024 are
as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Net loss on valuation of financial assets at FVTOCI | (1667) | (18030) |
|  Net loss on changes in credit risk of financial liabilities designated to be measured at FVTPL | (483) | (483) |
|  Net loss on foreign currency translation of foreign operations | (5805) | (8778) |
|  Net gain on evaluation of hedges of net investment in foreign operations | 2102 | 2955 |
|  Remeasurement gain related to defined benefit plan | 35391 | 25979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 29538 | 1643 |

---

(6) Current tax assets and liabilities as of December 31, 2025 and 2024, are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Current tax assets |  | 26747 |  | 33122 |
|  Current tax liabilities |  | 676845 |  | 76361 |

---

(7) Impact of Pillar Two income taxes

Under the Pillar 2 legislation, the Bank is required to pay top-up taxes on the difference between the GloBE effective tax rate of each constituent entity's jurisdiction and the minimum tax rate of 15%. The Bank recognized income tax expense amounting to 1,569 million Won for the year ended December 31, 2025. The Bank applied the exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income Taxes.

------

**43.** **EARNINGS PER SHARE ("EPS")** 

(1) Basic EPS is calculated by dividing net income by weighted average number of common shares outstanding for the
years ended December 31, 2025 and 2024 (Unit: Korean Won in millions, except for EPS and number of shares):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Net income for the period attributable to common shareholders | 2558860 | 2794552 |
|  Dividends to hybrid securities | (89134) | (76249) |
|  Net income attributable to common shareholders | 2469726 | 2718303 |
|  Weighted average number of common shares outstanding (Unit: million shares) | 716 | 716 |
|  Basic EPS (Unit: Korean Won) | 3449 | 3797 |

---

(2) The weighted average number of common shares outstanding for the years ended December 31, 2025 and 2024
are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
|  | Period | Number of<br>shares | Days | Accumulated<br>number of shares<br>outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2025-01-01 ~ 2025-12-31 | 716000000 | 365 | 261340000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 261340000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares<br>outstanding (②=(①/365)) |  |  |  | 716000000 |
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
|  | Period | Number of<br>shares | Days | Accumulated<br>number of shares<br>outstanding<br>during period |
|  Common shares issued at the beginning of the period | 2024-01-01 ~ 2024-12-31 | 716000000 | 366 | 262056000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total (①) | 262056000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average number of common shares<br>outstanding (②=(①/366)) |  |  |  | 716000000 |

---

Diluted EPS is equal to basic EPS because there is no dilution effect for the years ended December 31, 2025 and 2024.

------

**44.** **CONTINGENT LIABILITIES AND COMMITMENTS** 

(1) Details of guarantees as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 (\*) | December 31, 2024 (\*) |
|  Confirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantee for loans | 69961 | 60571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acceptances | 241934 | 202342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees in acceptances of imported goods | 66879 | 63488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other confirmed guarantees | 11419406 | 10893270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 11798180 | 11219671 |
|  Unconfirmed guarantees |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Local letter of credit | 146464 | 163053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Letter of credit | 2541397 | 3120971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other unconfirmed guarantees | 1277778 | 1465226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 3965639 | 4749250 |
|  Commercial paper purchase commitments and others | 2685127 | 2734770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 18448946 | 18703691 |

---

(\*) Includes financial guarantees of 7,911,285 million Won and 6,978,786 million Won as of December 31, 2025 and December 31, 2024, respectively.

(2) Details of loan commitments and others as of December 31, 2025 and 2024 are as follows (Unit: Korean Won
in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  Loan commitments |  | 86157613 |  | 88385611 |
|  Other commitments |  | 7520384 |  | 6871259 |

---

(3) Litigation case

Legal cases where the Bank is involved as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions except for number of cases):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2025 | December 31, 2024 | December 31, 2024 |
|  | As plaintiff | As defendant | As plaintiff | As defendant |
|  Number of cases (\*) | 28 cases | 187 cases | 19 cases | 195 cases |
|  Amount of litigation | 277374 | 216653 | 257936 | 232073 |
|  Provisions for litigations |  | 46594 |  | 14383 |

---

(\*) The number of cases as of December 31, 2025 and 2024 does not include cases such as loan-related execution or simple extension of loan prescription, litigation where the substantive party is not the Bank, or fraudulent lawsuits.

------

**45.** **RELATED PARTY TRANSACTIONS** 

Related parties of the Bank as of December 31, 2025 and its assets and liabilities recognized as of December 31, 2025 and 2024 and major transactions with related parties for the years ended December 31, 2025 and 2024 and compensation to key management are as follows:

(1) Related parties

---

| | |
|:---|:---|
|  | Related parties |
| Parent company | Woori Financial Group Inc. |
| Subsidiaries | Woori America Bank, PT Bank Woori Saudara Indonesia 1906 Tbk, Woori Global Markets Asia Limited, Woori Bank China Limited, AO Woori Bank, Banco Woori Bank do Brasil S.A., Korea BTL Infrastructure Fund, Woori Bank (Cambodia) PLC, Woori Finance Myanmar Co., Ltd., Wealth Development Bank, Woori Bank Vietnam Limited, Woori Bank Europe, Woori Bank Principal Guaranteed Trust and Woori Bank Principal and Interest Guaranteed Trust (Consolidated Trusts), Jeonju Iwon Ltd. and 42 structured entities (Consolidated structured entities), Heungkuk Global Private Placement Investment Trust No. 1 and 15 beneficiary certificates (Consolidated beneficiary certificates) |
| Associates | W Service Networks Co., Ltd., Korea Credit Bureau Co., Ltd., Korea Finance Security Co., Ltd., LOTTE CARD Co., Ltd., K BANK Co., Ltd., and others (Dongwoo C & C Co., Ltd. and 39 associates) |
| Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates(\*1), Woori Card Co., Ltd. and its subsidiaries, Woori Financial Capital Co., Ltd. and its subsidiaries and associates, Woori Investment Securities Co., Ltd. and its subsidiaries and associates (\*2), ABL Life Insurance Co.,Ltd. and its subsidiaries and associates(\*1), Woori Asset Trust Co., Ltd., Woori Savings Bank, Woori Financial F&I Co., Ltd. and its subsidiaries and associates, Woori Asset Management Co., Ltd. and its subsidiaries and associates, Woori Venture Partners Co., Ltd. and its subsidiaries and associates, Woori Private Equity Asset Management Co., Ltd. and its associates, Woori Credit Information Co., Ltd., Woori Fund Service Co., Ltd., Woori FIS Co., Ltd., Woori Finance Research Institute Co., Ltd., Godo Kaisha Oceanos No. 1, JC Assurance Private Equity Partnership No. 2, IGEN 2022 Private Equity Fund No. 1, etc. |

---

(\*1) Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates and ABL Life Insurance Co.,Ltd. and its subsidiaries and associates were incorporated into Woori Financial Group for the year ended December 31, 2025.

(\*2) Woori Investment Bank Co., Ltd. was renamed to Woori Investment Securities Co., Ltd. following a merger with Korea Foss Securities Co., Ltd. for the year ended December 31, 2024.

(2) Major assets and liabilities from transactions with related parties are as follows (Unit: Korean Won in
millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | A title of account | December 31, 2025 | December 31, 2024 |
|  Parent company | Woori Financial Group Inc. | Other assets | 27364 | 33632 |
|  |  | Deposits due to customers | 489321 | 1285912 |
|  |  | Other liabilities | 652362 | 63893 |
|  Subsidiaries | Woori America Bank | Cash and cash equivalents | 377580 | 528095 |
|  |  | Other assets | 6 | 3 |
|  | PT Bank Woori Saudara Indonesia 1906 Tbk | Cash and cash equivalents | 39297 | 45884 |
|  |  | Loans | 559611 | 205800 |
|  |  | Expected credit loss allowance | (1140) | (412) |
|  |  | Other assets | 411 | 48 |
|  | Woori Global Markets Asia Limited | Loans | 446142 | 415455 |
|  |  | Expected credit loss allowance | (263) | (235) |
|  |  | Other assets | 2517 | 55 |
|  |  | Deposits due to customers | 20712 | 8371 |
|  |  | Other liabilities | 14 |  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Related parties | A title of account | December 31, 2025 | December 31, 2024 |
| Woori Bank China<br> Limited | Cash and cash equivalents | 47869 | 61263 |
|  | Other assets | 17377 | 13313 |
|  | Deposits due to customers | 188266 | 389395 |
|  | Borrowings | 457518 | 43405 |
|  | Other liabilities | 17352 | 13303 |
| AO Woori Bank | Cash and cash equivalents | 7626 | 74761 |
|  | Loans | 171870 | 155932 |
|  | Expected credit loss allowance | (1163) | (1110) |
|  | Other assets | 23834 | 15459 |
|  | Deposits due to customers | 8861 | 6119 |
| Woori Finance Myanmar Co., Ltd. | Loans | 15497 | 10114 |
|  | Expected credit loss allowance | (31) | (19) |
|  | Other assets | 120 | 16 |
|  | Other liabilities | 42 | 241 |
| Woori Bank Vietnam<br> Limited | Cash and cash equivalents | 28660 | 15064 |
|  | Loans | 365866 | 29844 |
|  | Expected credit loss allowance | (731) | (58) |
|  | Derivative assets | 4 |  |
|  | Other assets | 1858 | 70 |
|  | Deposits due to customers | 8988 | 2423 |
|  | Borrowings | 903745 | 44100 |
|  | Other liabilities | 308 | 1175 |
| Woori Bank (Cambodia) PLC | Loans | 71745 | 308700 |
|  | Expected credit loss allowance | (144) | (592) |
|  | Other assets | 6 | 3 |
|  | Other liabilities | 403 | 328 |
| Woori Bank Europe | Cash and cash equivalents | 124141 | 3426 |
|  | Loans | 432749 | 478495 |
|  | Expected credit loss allowance | (1309) | (1083) |
|  | Other assets | 4093 | 7200 |
|  | Borrowings | 29884 | 81327 |
| Banco Woori Bank do Brasil S.A. | Loans | 7246 | 8232 |
|  | Expected credit loss allowance | (4) | (5) |
|  | Other assets | 43 | 57 |
| Wealth Development Bank | Loans | 14349 |  |
|  | Expected credit loss allowance | (29) |  |
|  | Other assets | 314 |  |
|  | Other liabilities | 70 | 120 |
| Korea BTL Infrastructure Fund | Other assets | 9 | 9 |
| Consolidated trusts | Other liabilities | 151307 | 105332 |
| Consolidated structured entities | Loans | 6784 | 8759 |
|  | Expected credit loss allowance | (26) | (27) |
|  | Derivative assets | 5594 | 14027 |
|  | Other assets | 585 | 243 |
|  | Deposits due to customers | 9136 | 6600 |
|  | Derivative liabilities | 3201 | 720 |
|  | Other liabilities | 8875 | 9064 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Related parties | Related parties | A title of account | December 31, 2025 | December 31, 2024 |
|  | Consolidated beneficiary certificates | Derivative liabilities | 937 | 2003 |
|  Associates | W Service Networks Co., Ltd. | Deposits due to customers | 3009 | 3054 |
|  |  | Other liabilities | 316 | 309 |
|  | Korea Credit Bureau Co., Ltd. | Deposits due to customers | 2615 | 780 |
|  |  | Other liabilities | 10 |  |
|  | Korea Finance Security Co., Ltd. | Loans | 3400 | 3200 |
|  |  | Expected credit loss allowance | (23) | (42) |
|  |  | Deposits due to customers | 2138 | 1145 |
|  |  | Other liabilities | 1 | 3 |
|  | LOTTE CARD Co., Ltd. | Loans | 14349 | 14700 |
|  |  | Expected credit loss allowance | (29) | (28) |
|  |  | Derivative assets | 564 | 1075 |
|  |  | Other assets | 62 | 48 |
|  |  | Deposits due to customers | 22869 | 20207 |
|  |  | Derivative liabilities | 807 |  |
|  |  | Other liabilities | 289 | 273 |
|  | K BANK Co., Ltd. | Other assets | 43 |  |
|  |  | Other liabilities | 158668 | 193719 |
|  | Others (\*) | Loans |  | 41 |
|  |  | Deposits due to customers | 1830 | 1993 |
|  |  | Other liabilities | 541 | 232 |
|  Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates | Derivative assets | 31821 |  |
|  |  | Other assets | 266487 |  |
|  |  | Deposits due to customers | 94371 |  |
|  |  | Derivative liabilities | 827 |  |
|  |  | Other liabilities | 8328 |  |
|  | Woori Card Co., Ltd. and its subsidiaries | Loans | 5740 | 5880 |
|  |  | Expected credit loss allowance | (40) | (39) |
|  |  | Derivative assets | 102 | 315 |
|  |  | Other assets | 14047 | 12943 |
|  |  | Borrowings | 22733 | 48464 |
|  |  | Deposits due to customers | 67039 | 25482 |
|  |  | Derivative liabilities | 32449 | 69580 |
|  |  | Other liabilities | 23537 | 26262 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 399312 | 990946 |
|  |  | Other liabilities | 1942 | 2811 |
|  | ABL Life Insurance Co.,Ltd. and its subsidiaries and associates | Deposits due to customers | 8286 |  |
|  |  | Other liabilities | 70 |  |
|  | Woori FIS Co., Ltd. | Other assets | 177 | 111 |
|  |  | Deposits due to customers | 9082 | 6968 |
|  |  | Other liabilities | 15682 | 17631 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | Derivative assets |  | 255 |
|  |  | Deposits due to customers | 15408 | 12730 |
|  |  | Other liabilities | 18 | 1 |
|  | Woori Finance Research Institute Co., Ltd. | Deposits due to customers | 1301 | 1839 |
|  |  | Other liabilities | 553 | 534 |
|  | Woori Credit Information Co., Ltd. | Other assets | 6 | 7 |
|  |  | Deposits due to customers | 14039 | 9469 |
|  |  | Other liabilities | 9852 | 9857 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| Related parties | A title of account | December 31, 2025 | December 31, 2024 |
| Woori Fund Service Co., Ltd. | Deposits due to customers | 20939 | 17910 |
|  | Other liabilities | 1592 | 1681 |
| Woori Asset Management Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 33797 | 21302 |
| Woori Asset Trust Co., Ltd. | Deposits due to customers | 93370 | 198773 |
|  | Other liabilities | 116 | 253 |
| Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 79619 | 473951 |
|  | Other liabilities | 8084 | 6177 |
| Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Loans |  | 4900 |
|  | Expected credit loss allowance |  | (9) |
|  | Deposits due to customers | 10185 | 13984 |
|  | Other liabilities | 86 | 178 |
| Woori Japan General Type Private Real Estate Feeder Investment Trust No. 1-1 and its subsidiaries | Derivative liabilities |  | 1 |
| Woori Savings Bank | Other assets | 18 | 14 |
| Godo Kaisha Oceanos No. 1 | Loans |  | 38770 |
|  | Expected credit loss allowance |  | (272) |
|  | Other assets |  | 63 |
| Woori Venture Partners Co., Ltd. and its subsidiaries and associates | Deposits due to customers | 56120 | 78494 |
|  | Other liabilities | 189 | 359 |
| JC Assurance Private Equity Partnership No. 2 | Deposits due to customers | 1 | 28 |
| IGEN 2022 Private Equity Fund No. 1 | Deposits due to customers | 428 | 427 |

---

(\*) Others include Win Mortgage Co., Ltd., Dongwoo C & C Co., Ltd. and others as of December 31. 2025 and 2024.

------

(3) Major gain or loss from transactions with related parties are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended<br>December 31 | For the years ended<br>December 31 |
| Related parties | Related parties | A title of account | 2025 | 2024 |
|  Parent company | Woori Financial Group Inc. | Fees income | 19 | 19 |
|  |  | Other income | 4400 | 4277 |
|  |  | Interest expenses | 27356 | 51778 |
|  |  | Fees expenses | 1815 | 1625 |
|  Subsidiaries | Woori America Bank | Interest income |  | 347 |
|  |  | Fees income | 562 | 432 |
|  |  | Other income | 198 | 210 |
|  |  | Reversal of impairment losses due to credit loss |  | (11) |
|  | PT Bank Woori Saudara Indonesia 1906 Tbk | Interest income | 19577 | 17856 |
|  |  | Dividends income | 9451 | 16697 |
|  |  | Fees income | 640 | 254 |
|  |  | Provision of impairment losses due to credit loss | 729 | 213 |
|  | Woori Global Markets Asia Limited | Interest income | 21235 | 23387 |
|  |  | Fees income | 193 | 150 |
|  |  | Interest expenses | 149 |  |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 28 | (14) |
|  | Woori Bank China Limited | Interest income | 71 | 48 |
|  |  | Fees income | 660 | 579 |
|  |  | Gain on derivatives | 33057 | 54050 |
|  |  | Interest expenses | 3171 | 444 |
|  |  | Fees expenses | 237 | 217 |
|  |  | Loss on derivatives | 47258 | 10824 |
|  | AO Woori Bank | Interest income | 7073 | 7306 |
|  |  | Fees income | 1 | 1 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 53 | (2460) |
|  | Banco Woori Bank do Brasil S.A. | Interest income | 564 | 725 |
|  |  | Fees income | 21 | 29 |
|  |  | Reversal of impairment losses due to credit loss |  | 2 |
|  | Wealth Development Bank | Interest income | 135 |  |
|  |  | Fees income | 250 | 13 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | (34) | 81 |
|  | Korea BTL Infrastructure Fund | Dividends income | 23669 | 24374 |
|  |  | Fees income | 74 | 73 |
|  | Woori Finance Myanmar Co., Ltd. | Interest income | 768 | 718 |
|  |  | Fees income | 186 | 204 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | (83) | 22 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended<br>December 31 | For the years ended<br>December 31 |
| Related parties | Related parties | A title of account | 2025 | 2024 |
|  | Woori Bank Vietnam Limited | Interest income | 3402 | 1335 |
|  |  | Dividends income |  | 6483 |
|  |  | Fees income | 1516 | 515 |
|  |  | Gain on derivatives | 4 | 1 |
|  |  | Interest expenses | 5011 | 12951 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 660 | (546) |
|  | Woori Bank (Cambodia) PLC | Interest income | 10026 | 30337 |
|  |  | Fees income | 484 | 492 |
|  |  | Reversal of impairment losses due to credit loss | (374) | (708) |
|  | Woori Bank Europe | Interest income | 11113 | 20034 |
|  |  | Fees income | 400 | 124 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 226 | (1092) |
|  | Consolidated trusts | Other income | 6217 | 5728 |
|  |  | Interest expenses | 3650 | 3547 |
|  | Consolidated beneficiary certificates | Gain on derivatives | 1066 |  |
|  |  | Loss on derivatives |  | 988 |
|  | Consolidated structured entities | Interest income | 328 | 573 |
|  |  | Fees income | 23912 | 22895 |
|  |  | Gain on derivatives | 361 | 9869 |
|  |  | Interest expenses | 6 | 5 |
|  |  | Loss on derivatives | 10951 | 909 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 92 | (1585) |
|  Associates | W Service Networks Co., Ltd. | Dividends income | 5 | 5 |
|  |  | Other income | 37 | 35 |
|  |  | Interest expenses | 30 | 37 |
|  | Korea Credit Bureau Co., Ltd. | Dividends income | 90 | 90 |
|  |  | Interest expenses | 10 |  |
|  | Korea Finance Security Co., Ltd. | Interest income | 152 | 142 |
|  |  | Interest expenses | 2 | 3 |
|  |  | Reversal of impairment losses due to credit loss | (22) | (30) |
|  | LOTTE CARD Co., Ltd. | Interest income | 1503 | 1581 |
|  |  | Fees income | 3416 | 3739 |
|  |  | Dividends income | 7743 | 15591 |
|  |  | Gain on derivatives | 248 | 1075 |
|  |  | Interest expenses | 2593 | 4127 |
|  |  | Loss es on derivatives | 1318 | 457 |
|  |  | Provision of impairment losses due to credit loss | 17 | 12 |
|  | K BANK Co., Ltd. | Other expenses | 2 |  |
|  | Others (\*) | Dividends income | 2229 | 10100 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | For the years ended<br>December 31 | For the years ended<br>December 31 |
| Related parties | Related parties | A title of account | 2025 | 2024 |
|  |  | Interest expenses | 14016 | 18044 |
|  Other related parties | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates | Fees income | 8809 |  |
|  |  | Gain on derivatives | 20410 |  |
|  |  | Other income | 3716 |  |
|  |  | Interest expenses | 1221 |  |
|  |  | Other expenses | 2513 |  |
|  | Woori Card Co., Ltd. and its subsidiaries | Interest income | 1082 | 974 |
|  |  | Fees income | 70655 | 89354 |
|  |  | Gain on derivatives | 1924 | 2865 |
|  |  | Other income | 1212 | 1119 |
|  |  | Interest expenses | 357 | 163 |
|  |  | Fees expenses | 821 | 684 |
|  |  | Loss on derivatives | 589 | 45027 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 9 | (12) |
|  |  | Other expenses | 7 |  |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Interest income | 156 | 5 |
|  |  | Fees income | 3410 | 2874 |
|  |  | Other income |  | 1098 |
|  |  | Interest expenses | 138 | 107 |
|  |  | Fees expenses | 40 | 47 |
|  |  | Provision (Reversal) of impairment losses due to credit loss | 9 | (14) |
|  |  | Other expenses | 577 | 91 |
|  | ABL Life Insurance Co.,Ltd. and its subsidiaries and associates | Fees income | 8036 |  |
|  |  | Interest expenses | 23 |  |
|  |  | Other expenses | 70 |  |
|  | Woori FIS Co., Ltd. | Fees income | 355 | 681 |
|  |  | Other income | 8150 | 7725 |
|  |  | Interest expenses | 135201 | 135264 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | Fees income | 22 | 23 |
|  |  | Gain on derivatives |  | 255 |
|  |  | Interest expenses | 316 | 553 |
|  |  | Loss on derivatives | 109 | 268 |
|  | Woori Finance Research Institute Co., Ltd. | Fees income | 23 | 20 |
|  |  | Other income | 818 | 806 |
|  |  | Interest expenses | 62 | 78 |
|  | Woori Credit Information Co., Ltd. | Fees income | 95 | 91 |
|  |  | Other income | 447 | 765 |
|  |  | Interest expenses | 347 | 507 |
|  |  | Fees expenses | 14081 | 17249 |
|  | Woori Fund Service Co., Ltd. | Fees income | 51 | 51 |
|  |  | Other income | 295 | 384 |
|  |  | Interest expenses | 519 | 587 |
|  |  | Fees expenses | 21 | 35 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | For the years ended<br>December 31 | For the years ended<br>December 31 |
| Related parties | A title of account | 2025 | 2024 |
| Woori Asset Management Co., Ltd. and its subsidiaries and associates | Fees income | 100 | 89 |
|  | Interest expenses | 84 | 25 |
| Woori Asset Trust Co., Ltd. | Fees income | 216 | 262 |
|  | Interest expenses | 3006 | 5538 |
|  | Fees expenses | 5360 | 11905 |
| Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Fees income | 4405 | 3965 |
|  | Interest expenses | 58 | 47 |
|  | Loss on derivatives |  | 6 |
|  | Provision (Reversal) of impairment losses due to credit loss | 11 | (6) |
|  | Other expenses | 5297 | 1857 |
| Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Interest income | 1672 | 9739 |
|  | Fees income | 908 | 576 |
|  | Interest expenses | 17 | 15 |
|  | Reversal of impairment losses due to credit loss | (100) | (707) |
| Woori Savings Bank | Fees income | 482 | 925 |
| Woori Venture Partners Co., Ltd. | Fees income | 143 |  |
|  | Interest expenses | 1968 | 1523 |
| Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-1 and its subsidiaries | Interest income |  | 196 |
|  | Reversal of impairment losses due to credit loss |  | (14) |
|  | Loss on derivatives |  | 465 |
| Godo Kaisha Oceanos No. 1 | Interest income | 354 | 702 |
|  | Provision (Reversal) of impairment losses due to credit loss | (272) | 214 |
| IGEN 2022 Private Equity Fund No.1 | Interest expenses |  | 1 |
| WOORI ZIP 1 | Interest income |  | 59 |
|  | Reversal of impairment losses due to credit loss |  | (1) |
| WOORI ZIP 2 | Interest income |  | 84 |
|  | Reversal of impairment losses due to credit loss |  | (1) |
| Woori Japan General Type Private Real Estate Feeder Investment Trust No.2-1 | Loss on derivatives |  | 44 |

---

(\*) Others include Win Mortgage Co., Ltd., Dongwoo C & C Co., Ltd. and others as of December 31, 2025 and 2024.

------

(4) Major loan transactions with related parties for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance (\*) |
|  Subsidiaries | PT Bank Woori Saudara Indonesia 1906 Tbk | 205800 | 675007 | 329520 | 8324 | 559611 |
|  | Woori Global Markets Asia Limited | 415455 | 1281672 | 1244315 | (6670) | 446142 |
|  | Woori Bank China Limited |  | 94580 | 94580 |  |  |
|  | AO Woori Bank | 155932 | 538208 | 535964 | 13694 | 171870 |
|  | Banco Woori Bank do Brasil S.A. | 8232 | 18487 | 19273 | (200) | 7246 |
|  | Wealth Development Bank |  | 15780 | 1465 | 34 | 14349 |
|  | Woori Finance Myanmar Co., Ltd. | 10114 | 5625 |  | (242) | 15497 |
|  | Woori Bank Vietnam Limited | 29844 | 1129636 | 791852 | (1762) | 365866 |
|  | Woori Bank (Cambodia) PLC | 308700 |  | 229157 | (7798) | 71745 |
|  | Woori Bank Europe | 478495 | 658109 | 728207 | 24352 | 432749 |
|  | Consolidated structured entities | 8759 | 1950 | 3925 | 0 | 6784 |
|  Associates | LOTTE CARD Co., Ltd. | 14700 |  |  | (351) | 14349 |
|  | Korea Finance Security Co., Ltd. | 3200 | 1600 | 1400 |  | 3400 |
|  | Others | 41 |  | 41 |  |  |
|  Other related Parties | Woori Card Co., Ltd. and its subsidiaries | 5880 | 5754 | 5866 | (28) | 5740 |
|  | Woori Financial F&I Co., Ltd. and its subsidiaries and associates | 4900 | 189900 | 194800 |  |  |
|  | Godo Kaisha Oceanos No. 1 | 38770 | 22921 | 64002 | 2311 |  |

---

(\*) Settlement payment from normal operation among the related parties were excluded, and in the case of a limited loan, it was presented as a net increase or decrease.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Loan | Collection | Others | Ending<br>balance (\*) |
|  Subsidiaries | PT Bank Woori Saudara Indonesia 1906 Tbk | 322350 | 373520 | 528924 | 38854 | 205800 |
|  | Woori Global Markets Asia Limited | 404506 | 757502 | 789077 | 42524 | 415455 |
|  | AO Woori Bank | 153741 | 388872 | 387889 | 1208 | 155932 |
|  | Banco Woori Bank do Brasil S.A. | 3739 | 32424 | 28681 | 750 | 8232 |
|  | Woori Finance Myanmar Co., Ltd. | 8701 | 176 |  | 1237 | 10114 |
|  | Woori Bank Vietnam Limited | 283251 | 81880 | 337698 | 2411 | 29844 |
|  | Woori Bank (Cambodia) PLC | 699757 | 52223 | 408820 | (34460) | 308700 |
|  | Woori America Bank | 17119 | 17317 | 34964 | 528 |  |
|  | Woori Bank Europe | 571156 | 2470815 | 2557929 | (5547) | 478495 |
|  | Consolidated structured entities | 9956 | 1022 | 2219 |  | 8759 |
|  Associates | LOTTE CARD Co., Ltd. |  | 263306 | 250000 | 1394 | 14700 |
|  | Korea Finance Security Co., Ltd. | 3197 | 2300 | 2297 |  | 3200 |
|  | Others | 41 |  |  |  | 41 |
|  Other related Parties | Woori Financial Capital Co., Ltd. and its subsidiaries and associates |  | 50000 | 50000 |  |  |
|  | Woori Card Co., Ltd. and its subsidiaries | 5158 |  |  | 722 | 5880 |
|  | Woori Financial F&I Co., Ltd. and its subsidiaries and associates | 165800 | 856300 | 1017200 |  | 4900 |
|  | Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-1 and its subsidiaries | 19589 |  | 19784 | 195 |  |
|  | Godo Kaisha Oceanos No. 1 | 38122 |  |  | 648 | 38770 |
|  | WOORI ZIP 1 | 11317 |  | 11227 | (90) |  |
|  | WOORI ZIP 2 | 16063 |  | 15936 | (127) |  |

---

(\*) Settlement payment from normal operation among the related parties were excluded, and in case of a limited loan, it was presented as a net increase or decrease.

------

(5) Changes in major deposits due to customers with related parties for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment<br>and others (\*2) | Ending<br>balance (\*1) |
|  Parent company | Woori Financial Group Inc. | 1274000 | 6245000 | 7054000 | 465000 |
|  Subsidiary | Woori Global Markets Asia Limited | 6525 | 74451 | 66191 | 14785 |
|  Associates | W Service Networks Co., Ltd. | 1000 |  |  | 1000 |
|  | Korea Credit Bureau Co., Ltd. |  | 1000 |  | 1000 |
|  | Win Mortgage Co., Ltd. | 1387 | 3529 | 3564 | 1352 |
|  Other related parties | Woori Credit Information Co., Ltd. | 5599 | 8502 | 4002 | 10099 |
|  | Woori Fund Service Co., Ltd. | 15500 | 4000 |  | 19500 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | 2431 | 2000 | 3000 | 1431 |
|  | Woori Finance Research Institute Co., Ltd. | 800 | 8700 | 8500 | 1000 |
|  | Woori Asset Trust Co., Ltd. | 175000 | 569720 | 654720 | 90000 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | 10000 | 87000 | 87000 | 10000 |
|  | Woori Venture Partners Co., Ltd. and its subsidiaries and associates | 76000 | 239000 | 261000 | 54000 |
|  | Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates (\*3) |  | 90045 | (2505) | 92550 |
|  | ABL Life Insurance Co.,Ltd. and its subsidiaries and associates (\*3) |  | 1055 | 1000 | 55 |

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(\*1) The details of payments made between related parties and the deposits due to customers that can be taken in and out easily are excluded.

(\*2) It includes the gain (loss) on valuation of the financial liabilities designated to be measured at FVTPL of Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates.

(\*3) It includes transactions that occurred prior to the inclusion of the related party.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment<br>and others | Ending<br>balance (\*) |
|  Parent company | Woori Financial Group Inc. | 1354000 | 4703000 | 4783000 | 1274000 |
|  Subsidiary | Woori Global Markets Asia Limited |  | 51883 | 45358 | 6525 |
|  Associates | W Service Networks Co., Ltd. | 1000 | 2000 | 2000 | 1000 |
|  | Win Mortgage Co., Ltd. | 600 | 2266 | 1479 | 1387 |
|  Other related parties | Woori Credit Information Co., Ltd. | 6199 | 4500 | 5100 | 5599 |
|  | Woori Fund Service Co., Ltd. | 17000 | 15500 | 17000 | 15500 |
|  | Woori Investment Securities Co., Ltd. and its subsidiaries and associates | 2000 | 2431 | 2000 | 2431 |
|  | Woori Finance Research Institute Co., Ltd. |  | 9600 | 8800 | 800 |
|  | Woori Asset Trust Co., Ltd. | 56000 | 874816 | 755816 | 175000 |
|  | Woori Private Equity Asset Management Co., Ltd. and its associates | 22000 | 114000 | 126000 | 10000 |
|  | Woori Venture Partners Co., Ltd. and its subsidiaries and associates | 23000 | 201000 | 148000 | 76000 |

---

(\*) The details of payments made between related parties and the deposits due to customers that can be taken in and out easily are excluded.

------

(6) Major borrowing transactions with related parties for the years ended December 31, 2025 and 2024 are as
follows (Unit: Korean Won in millions):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment | Others | Ending<br>balance |
|  Subsidiaries | Woori Bank China Limited | 43405 | 1059576 | 645594 | 131 | 457518 |
|  | Woori Bank Vietnam Limited | 44100 | 2825624 | 1966537 | 558 | 903745 |
|  | Woori Bank Europe | 81327 | 116307 | 168196 | 446 | 29884 |
|  Other related parties | Woori Card Co., Ltd. and its subsidiaries | 25482 | 312656 | 315405 | 0 | 22733 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| Related parties | Related parties | Beginning<br>balance | Borrowings | Repayment | Others | Ending<br>balance |
|  Subsidiaries | Woori Bank China Limited | 13589 | 127565 | 97749 |  | 43405 |
|  | Woori Bank<br> Vietnam Limited | 434780 | 180720 | 571400 |  | 44100 |
|  | Woori Bank Europe | 66801 | 173284 | 158758 |  | 81327 |
|  Other related parties | Woori Card Co., Ltd. and its subsidiaries | 24002 | 282802 | 281322 |  | 25482 |

---

(7) Guarantees with the related parties are as follows (Unit: Korean Won in millions):

1) The amount of guarantees provided to the related parties by the Bank as of December 31, 2025 and 2024 are as follows: 

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 | Warranty |
|  PT Bank Woori Saudara Indonesia 1906 Tbk | 71193 | 46081 | Confirmed guarantees in foreign currencies and others |
|  Woori Bank China Limited | 176872 | 234196 | Confirmed guarantees in foreign currencies and others |
|  AO Woori Bank | 11479 | 11811 | Confirmed guarantees in foreign currencies and others |
|  Banco Woori Bank do Brasil S.A. | 7879 | 10560 | Confirmed guarantees in foreign currencies and others |
|  Woori Global Markets Asia Limited | 238566 | 262395 | Confirmed guarantees in foreign currencies and others |
|  Woori Bank Europe | 51971 | 56570 | Confirmed guarantees in foreign currencies and others |
|  Woori Bank Vietnam Limited | 136552 | 95882 | Confirmed guarantees in foreign currencies and others |
|  Woori Finance Myanmar Co., Ltd. | 4305 | 20286 | Confirmed guarantees in foreign currencies |
|  Wealth Development Bank | 64571 | 46599 | Confirmed guarantees in foreign currencies |
|  LOTTE CARD Co., Ltd. | 1650 | 1691 | Confirmed guarantees in foreign currencies |

---

2) The amount of guarantees and unused loan commitments provided by the related parties to the Bank as of December 31, 2025 and 2024 are as follows: 

---

| | | | |
|:---|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 | Warranty |
|  Woori Card Co., Ltd. and its subsidiaries | 149960 | 122847 | Loan commitment in local currency |
|  Woori Bank Vietnam Limited | 158043 | 226515 | Confirmed guarantees in foreign currencies and others |
|  Woori Bank China Limited | 3362 | 3375 | Confirmed guarantees in foreign currencies and others |

---

------

(8) The amount of commitments of derivatives and other commitments to the related parties as of December 31,
2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | |
|:---|:---|:---|:---|
|  | Warranty | December 31,<br>2025 | December 31,<br>2024 |
|  Woori Private Equity Asset Management Co., Ltd. and its associates | Derivatives |  | 9719 |
|  Woori Card Co., Ltd. and its subsidiaries | Derivatives | 293490 | 484000 |
|  | Unsettled commitment | 500000 | 500000 |
|  Woori Investment Securities Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 150000 | 150000 |
|  Woori Financial Capital Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 200000 | 200000 |
|  Woori Financial F&I Co., Ltd. and its subsidiaries and associates | Unsettled commitment | 150000 | 345100 |
|  Tong Yang Life Insurance Co.,Ltd. and its subsidiaries and associates. | Derivatives | 472165 |  |
|  ABL Life Insurance Co.,Ltd. and its subsidiaries and associates. | Unsettled commitment | 20000 |  |
|  Woori Bank China Limited | Derivatives | 173 | 115 |
|  Woori Finance Myanmar Co., Ltd. | Loan commitment in foreign currency | 6027 |  |
|  Woori Bank (Cambodia) PLC | Loan commitment in foreign currency | 717450 | 398370 |
|  | Unsettled commitment |  | 248430 |
|  Wealth Development Bank | Unsettled commitment | 21524 |  |
|  Korea BTL Infrastructure Fund | Securities purchase commitment | 208078 | 240078 |
|  Woori Bank Vietnam Limited | Derivatives | 196 |  |
|  | Unsettled commitment | 82267 | 117156 |
|  Consolidated beneficiary certificates | Derivatives | 17386 | 15767 |
|  | Securities purchase commitment | 1727021 | 650997 |
|  Consolidated structured entities | Commercial paper purchase commitment and others | 2187733 | 2153730 |
|  | Unsettled commitment | 12216 | 13141 |
|  | Derivatives | 1308000 | 1131500 |
|  Korea Finance Security Co., Ltd. | Unsettled commitment | 200 | 400 |
|  LOTTE CARD Co., Ltd. | Unsettled commitment | 478300 | 498400 |
|  | Derivatives | 440000 | 350000 |
|  IBK KIP Seongjang Dideemdol 1st Private Investment Limited Partnership | Securities purchase commitment | 4664 | 4664 |
|  Crevisse Lime Impact 1st Startup Venture Specialist Private Equity Fund | Securities purchase commitment | 50 | 148 |
|  Samsung Together Korea IPPF Private Securities Investment Trust 3 [Equity-FoFs] | Securities purchase commitment | 990000 | 990000 |
|  STASSETS No. 3 Private Equity Investment Limited Specialized In Start-up Ventures | Securities purchase commitment | 1500 | 3000 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | Warranty | December 31,<br>2025 | December 31,<br>2024 |
|  NH Woori Newdeal Growth Alpha Private Equity Fund 1 | Securities purchase commitment | 611 | 11379 |
|  BTS 2nd Private Equity Fund | Securities purchase commitment | 1234 | 1854 |
|  Woori Corporate Turnaround No. 1 Private Equity Fund | Securities purchase commitment | 17391 | 21639 |
|  Green ESG Growth No. 1 Private Equity Fund | Securities purchase commitment | 7048 | 19136 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | Securities purchase commitment | 14235 | 16835 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 1 | Securities purchase commitment |  | 1294 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 2 | Securities purchase commitment | 2480 | 2640 |
|  Woori GP Commitment Loan Private Placement Investment Trust No. 3 | Securities purchase commitment | 9450 | 12165 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 | Securities purchase commitment | 6794 | 6162 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | Securities purchase commitment | 10888 | 15574 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 | Securities purchase commitment | 327861 | 327861 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 | Securities purchase commitment | 386165 | 386165 |
|  Woori Private Real Estate Investment Trust No. 1 | Securities purchase commitment | 35137 | 75137 |
|  Woori Private Real Estate Investment Trust No. 5 | Securities purchase commitment | 49214 | 72712 |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-1 and its subsidiaries | Derivatives |  | 72 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 | Securities purchase commitment | 324 | 331 |
|  Woori Policy-type New Deal (Infra Investment) Private Placement Investment Trust No.1 | Securities purchase commitment | 5312 | 5312 |
|  Woori Equity Investment General Type Private Investment Trust No.1 | Securities purchase commitment | 456 | 456 |
|  Woori Fund Financing General Type Private Investment Trust | Securities purchase commitment |  | 14056 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1 (USD) | Securities purchase commitment | 65588 | 117236 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | Warranty | December 31,<br>2025 | December 31,<br>2024 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | Securities purchase commitment | 27103 | 30949 |
|  JC Assurance Private Equity Partnership No. 2 | Securities purchase commitment |  | 859 |
|  Woori Asset Global Partnership Fund No. 5 | Securities purchase commitment | 75000 | 97500 |
|  Woori New Growth Credit Fund 1 | Securities purchase commitment | 2044 | 23050 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | Securities purchase commitment | 551 | 5390 |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | Securities purchase commitment | 23341 | 27429 |
|  Woori General Type Private Real Estate Investment Trust No. 6 | Securities purchase commitment | 58698 | 81265 |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | Securities purchase commitment | 6958 | 7359 |
|  Synaptic Future Growth Private Equity Fund I | Securities purchase commitment | 1249 | 2649 |
|  Woori Dongbu Underground Expressway General Type Private Special Asset Investment Trust | Securities purchase commitment | 14816 | 15178 |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | Securities purchase commitment | 25537 | 30496 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | Securities purchase commitment | 93 | 12523 |
|  Woori Bank Partners General Type Private Investment Trust No.3 | Securities purchase commitment | 165776 | 320230 |
|  Woori Private Real Estate Investment Trust No. 7 | Securities purchase commitment | 61387 | 152541 |
|  Woori Senior Loan Private Placement Investment Trust No. 3 | Securities purchase commitment | 87939 | 229008 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2 (EUR) | Securities purchase commitment | 128115 | 140643 |
|  Woori Future Energy Private Special Asset Investment Trust (General) No.1 | Securities purchase commitment | 33600 | 33600 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 | Securities purchase commitment | 64844 |  |
|  Woori Productive Financing Education Infrastructure General Private Special Asset Investment Trust No.1 | Securities purchase commitment | 3000 |  |
|  Woori Baran-Namyang Expressway Private Special Asset Investment Trust | Securities purchase commitment | 44349 |  |

---

------

<u> Warranty</u> <u>December 31,<br>2025</u> <u>December 31,<br>2024</u> <br> Woori Future Co-Growth High-tech Strategic Industries Private Investment Trust Securities purchase commitment 130,000 —

As of December 31, 2025 and 2024, the recognized provisions for guarantees and commitments are 8,386 million Won and 8,367 million Won, respectively, in relation to the guarantees provided to the related parties above.

(9) The details of major investment and recovery transactions with related parties for the years ended
December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the year ended December 31, 2025 | For the year ended December 31, 2025 |
| The same parent company and its associates | Investment and others<br>(\*) | Recovery and others<br>(\*) |
|  Green ESG Growth NO.1 Private Equity Fund | 12088 | 2675 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust |  | 96 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | 2600 | 32019 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.1 | 691 | 5516 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.2 | 160 | 9086 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.3 | 2716 | 1174 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 |  | 2133 |
|  Woori Senior Loan Private Placement Investment Trust No. 2 |  | 70564 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | 4686 | 299 |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 |  | 227137 |
|  Woori Private Real Estate Investment Trust No. 1 | 40000 | 174927 |
|  Woori Private Real Estate Investment Trust No. 5 | 23498 |  |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 |  | 13734 |
|  Woori Equity Investment General Type Private Investment Trust No.1 |  | 1666 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 |  | 4631 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 1 |  | 17727 |
|  Woori Innovative Growth General Private Equity Special Asset Investment Trust No. 2 |  | 8487 |
|  IGEN 2022 Private Equity Fund No. 1 |  | 1328 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | 3847 |  |
|  Japanese Hotel Real Estate Private Equity Fund No.2 |  | 36 |
|  Woori New Growth Credit Fund 1 |  | 14748 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | 4838 |  |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | 4088 | 3006 |
|  Woori General Type Private Real Estate Investment Trust No. 6 | 22567 |  |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | 401 |  |
|  Woori Asset Global Partnership Fund No. 5 | 22500 | 2727 |
|  Synaptic Future Growth Private Equity Fund I | 1399 | 1096 |
|  Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust | 362 |  |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | 4959 | 661 |
|  Woori General Private Equity Investment Trust 7 (Bond) |  | 41114 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) | 47998 | 229 |
|  Woori Private Real Estate Investment Trust No. 7 | 91154 |  |
|  Woori Senior Loan Private Placement Investment Trust No. 3 | 141069 | 19405 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-2 (EUR) | 26703 |  |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 2 | 25156 | 151 |
|  Woori Real Estate Blind Investment Private Placement Trust No.1 | 17500 |  |
|  Woori Top-Class Senior Junior Private Placement Investment Trust | 114939 | 16876 |
|  Woori Eugene Energy Link Private Equity Fund | 5000 |  |
|  Woori IMM Green Net Zero General type Private Special Asset Investment Trust | 5859 |  |
|  Woori Senior Loan Private Placement Investment Trust No.1 |  | 4448 |
|  Woori General Private Equity Investment Trust 8 | 40000 |  |
|  Woori NH Co-Growth Private Equity Fund I | 4576 |  |

---

(\*) Investment and recovery transactions of subsidiaries and associates are described in Note 13. (5).

------

---

| | | |
|:---|:---|:---|
|  | For the year ended December 31, 2024 | For the year ended December 31, 2024 |
| The same parent company and its associates | Investment and others<br>(\*) | Recovery and others<br>(\*) |
|  Green ESG Growth NO.1 Private Equity Fund | 5128 | 5813 |
|  Woori Busan Logistics Infra Private Placement Special Asset Investment Trust | 13099 | 7 |
|  Woori Equity Bridge Loan Private Placement Investment Trust No. 1 | 48491 | 36104 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.1 | 9918 | 12956 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.2 | 15625 | 18755 |
|  Woori GP Commitment Loan Private Placement Investment Trust No.3 | 4835 | 726 |
|  Woori Global Mid-market Secondaries Private Placement Investment Trust No. 1 | 2897 | 1065 |
|  Woori Senior Loan Private Placement Investment Trust No. 2 | 228019 | 215818 |
|  Woori Renewable New Deal Private Placement Investment Trust No. 1 | 16792 |  |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 1 | 4591 |  |
|  Woori Woori Bank Partners Private Placement Investment Trust No. 2 | 45061 |  |
|  Woori Private Real Estate Investment Trust No. 1 | 12026 | 25501 |
|  Woori Private Real Estate Investment Trust No. 2 | 19662 | 19590 |
|  Woori Private Real Estate Investment Trust No. 5 | 34046 |  |
|  Woori Japan General Type Private Real Estate Feeder Investment Trust No.1-2 | 16335 | 19514 |
|  Woori Japan Blind General Type Private Real Estate Feeder Investment Trust No.1 | 87028 | 79930 |
|  Woori Policy-Type New Deal (Infra Investment) Private Placement Investment Trust No.1 | 14744 | 18726 |
|  Woori Innovative Growth New Deal Private Placement Investment Trust No.3 | 27300 |  |
|  Dream Company Growth no.1 PEF |  | 4510 |
|  Midas No. 8 Private Equity Joint Venture Company |  | 119 |
|  Synaptic Green No.1 PEF | 5000 | 4780 |
|  IGEN 2022 Private Equity Fund No. 1 | 4600 | 5026 |
|  Woori Senior Loan Private Placement Investment Trust No. 1 | 63348 | 117541 |
|  Woori Seoul Beltway Private Special Asset Fund No. 1 | 3487 | 25 |
|  Woori Safe Plus General Type Private Investment Trust S-8(Bond) |  | 10327 |
|  Woori General Private Equity Investment Trust 1 (Bond) |  | 51672 |
|  Woori General Private Equity Investment Trust 2 (Bond) |  | 30821 |
|  Japanese Hotel Real Estate Private Equity Fund No.2 | 6347 | 5382 |
|  Woori New Growth Credit Fund 1 | 26950 | 25194 |
|  Woori Clean Energy General Type Private Placement Investment Trust No.2 | 3257 |  |
|  Woori Innovative Growth (Infrastructure) General Type Private Investment Trust No.2 | 843 |  |
|  Woori General Type Private Real Estate Investment Trust No. 6 | 194675 | 3132 |
|  Woori ESG Infrastructure Development General Type Private Investment Trust No. 2 | 1335 |  |
|  Woori General Private Equity Investment Trust 3 (Bond) |  | 60398 |
|  Woori Asset Global Partnership Fund No. 5 | 30000 |  |
|  Synaptic Future Growth Private Equity Fund I | 7401 | 7976 |
|  Woori Dongbu Underground Expressway General type Private Special Asset Investment Trust | 2022 |  |
|  Woori PE Secondary Private Placement Investment Trust No. 1 | 17851 | 8660 |
|  Woori Short Term Government and Special Bank Bond Active ETF |  | 12287 |
|  WOORI REFS GENERAL TYPE INVESTMENT TRUST No. 1 | 37477 | 274 |
|  Woori General Private Equity Investment Trust 5 (Bond) | 60000 |  |
|  Woori Big Satisfaction Private 3(Bond) | 10000 |  |
|  Woori General Private Equity Investment Trust 6 (Bond) | 40000 |  |
|  Woorinara New Growth TOP 20 Securities Investment Trust No. 1 (Stocks) | 1000 | 1000 |
|  Woori Big Satisfaction Money Market Fund 1 (Government & Agency Bonds) | 700666 | 1254670 |
|  Woori Korea Ultra Short-term Bond Securities Investment Trust (Bond) | 50000 | 50000 |
|  Woori General Private Equity Investment Trust 7 (Bond) | 40000 |  |
|  Woori Fund Financing General Type Private Investment Trust | 134945 | 15281 |
|  Woori Natixis Partnership Global Private Debt Fund No. 1-1(USD) | 28882 | 428 |
|  Woori Private Real Estate Investment Trust No. 7 | 47459 | 180 |
|  Woori Senior Loan Private Placement Investment Trust No. 3 | 70992 |  |
|  Woori Smart General Private Equity Investment Trust No.1 (Bond) | 40000 |  |
|  Woori Real Estate Investment No. 1 Limited Liability Company | 10000 |  |

---

(\*) Investment and recovery transactions of subsidiaries and associates are described in Note 13. (5).

------

(10) Compensation to key management is as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Short-term employee benefits | 11943 | 14655 |
|  Share-based payment | 12141 | 7569 |
|  Retirement benefit service costs | 431 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 24515 | 23057 |

---

Key management includes registered executives and non-registered executives. Outstanding assets from transactions with key management amount to 3,203 million Won and 3,523 million Won, as of December 31, 2025 and 2024, respectively. Also, liabilities from transaction with key management amount to 11,562 million Won and 69,372 million Won as of December 31, 2025 and 2024, respectively.

(11) The Bank, Woori Card Co., Ltd. and its subsidiaries are liable to jointly reimburse the Bank's debts
before the split.

(12) During the year ended December 31, 2025, Woori Investment Securities Co., Ltd. underwrote
40,000 million Won of bonds issued by the Bank and sold the entire underwritten amount on the issuance date. During the year ended December 31, 2024, Woori Investment Securities Co., Ltd. underwrote 40,000 million Won of hybrid
securities issued by the Bank and sold the entire underwritten amount on the issuance date.

(13) The Bank purchased and sold the bonds of 500,000 million Won and 440,000 million Won, respectively,
through Woori Investment Securities Co., Ltd. during the year ended December 31, 2025. In addition, the Bank sold the bonds of 80,000 million Won through Tong Yang Life Insurance Co., Ltd.

(14) As of December 31, 2025, the plan assets deposited in the defined benefit (DB) retirement pension plan
managed and administered by Tong Yang Life Insurance Co., Ltd. amount to 266,169 million Won.

------

**46.** **TRUST ACCOUNTS** 

(1) Trust accounts of the Bank as of December 31, 2025, and December 31, 2024 are as follows (Unit:
Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total assets | Total assets | Operating income | Operating income |
|  | December 31, 2025 | December 31, 2024 | For the years ended December 31 | For the years ended December 31 |
|  | December 31, 2025 | December 31, 2024 | 2025 | 2024 |
|  Trust accounts | 94330961 | 85894740 | 3043016 | 2544969 |

---

(2) Receivables and payables from the transactions between the Bank and trust accounts as of December 31, 2025
and 2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Receivables |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust fees receivables | 48172 | 46273 |
|  Payables |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits due to customers | 119733 | 265364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings from trust accounts | 6199212 | 5320238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 6318945 | 5585602 |

---

(3) Significant transactions between the Bank and trust accounts for the years ended December 31, 2025 and
2024 are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2024 |
|  Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trust fees | 186732 | 162639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Termination fees | 19249 | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 205981 | 165984 |
|  Expense: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expenses on deposits due to customers | 791 | 955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest expenses on borrowings from trust accounts | 130417 | 152045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 131208 | 153000 |

---

------

(4) Principal guaranteed trusts and principal and interest guaranteed trusts

As of December 31, 2025 and 2024, the carrying of principal guaranteed trusts and principal and interest guaranteed trusts are as follows (Unit: Korean Won in millions):

---

| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Partial principal guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Household money | 7456 | 7823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corporate money | 193 | 189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Installment plan purpose | 1465 | 1544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 9114 | 9556 |
|  Principal guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Old-age pension trusts | 2455 | 2450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personal pension trusts | 369257 | 399860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension trusts | 542034 | 592533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retirement trusts | 26043 | 26159 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New personal pension trusts | 5579 | 6084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New old-age pension trusts | 753 | 815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 946121 | 1027901 |
|  Principal and interest guaranteed trusts: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Development trusts | 19 | 19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unspecified money trusts | 333 | 334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sub-total | 352 | 353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 955587 | 1037810 |

---

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**47.** **LEASES** 

The future lease payments under lease contracts as of December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

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| | | |
|:---|:---|:---|
|  | December 31, 2025 | December 31, 2024 |
|  Lease payments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Within one year | 135898 | 140576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After one year but within five years | 200293 | 205258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; After five years | 900 | 26898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total | 337091 | 372732 |

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Total cash outflows from leases for the years ended December 31, 2025 and 2024 are as follows (Unit: Korean Won in millions):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 | For the years ended December 31 |
|  | 2025 | 2025 | 2024 | 2024 |
|  Cash outflows for leases |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171,528 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171,368 |

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There are no lease payments that are not included in the measurement of lease liabilities due to the fact that they are short-term leases or leases for which the underlying asset is of low value for the years ended December 31, 2025 and 2024. The variable lease payments not included in the measurement of lease liabilities for the years ended December 31, 2025 and 2024 are 32,530 million Won and 24,373 million Won, respectively.

**48.** **EVENT AFTER THE REPORTING PERIOD** 

In January, 2026, the Bank decided to implement a voluntary retirement program through labor-management agreement. As a result, the termination benefits to be recognized by the Bank in the first quarter of 2026 amount to 181,305 million Won.

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**Independent Auditors' Review Report on Internal Control over Financial Reporting** 

<u>(Based on a report originally issued in Korean)</u> 

To the board of directors and shareholder of

Woori Bank :

We have reviewed the accompanying Report on the Operational Status of Internal Controls over Financial Reporting (the "ICFR Report") of Woori Bank (the "Bank") as of December 31, 2025. The Bank's management is responsible for designing and maintaining effective ICFR and for its assessment of the effectiveness of ICFR. Our responsibility is to review management's assessment and issue a report based on our review. In the accompanying report of management's assessment of ICFR, it is stated that: "Based on the assessment of the operational status of the ICFR by Company's Chief Executive Officer and Internal Accounting Manager, the Bank's ICFR has been effectively designed and is operating as of December 31, 2025, in all material respects, in accordance with the Conceptual Framework for Designing and Operating Internal Control over Financial Reporting (the "Conceptual Framework") issued by the Operating Committee of Internal Control over Financial Reporting in the Republic of Korea.(the "ICFR Committee")"

We conducted our review in accordance with ICFR Review Standards issued by the Korean Institute of Certified Public Accountants. Those standards require that we plan and perform the review to obtain assurance of a level less than that of an audit as to whether the Bank's ICFR Report is free of material misstatement. Our review consists principally of obtaining an understanding of the Bank's ICFR, inquiries of bank personnel about the details of the report, and tracing to related documents we considered necessary in the circumstances.

A bank's ICFR is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with Korean International Financial Reporting Standards ("K-IFRS"). A bank's ICFR includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Bank, (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with K-IFRS, and that receipts and expenditures of the Bank are being made only in accordance with authorizations of management and directors of the Bank; and (3) regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Bank's assets that could have a material effect on the financial statements.

Because of its inherent limitations, ICFR may not prevent or detect material misstatements in the financial statements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Based on our review of the Bank's ICFR Report, nothing has come to our attention that causes us to believe that the Bank's ICFR Report as of December 31, 2025 is not prepared, in all material respects, in accordance with the Standard for Evaluation and Reporting of Internal Control over Financial Reporting issued by the ICFR Committee.

This report applies to the Bank's ICFR in existence as of December 31, 2025. We did not review the Bank's ICFR subsequent to December 31, 2025. This report has been prepared for Korean regulatory purposes, pursuant to the Act on External Audit of Stock Companies, Etc. and may not be appropriate for other purposes or for other users.

/s/ KPMG Samjong Accounting Corp.

Seoul, Korea

March 3, 2026

Notice to Readers

This report is annexed in relation to the audit of the separate financial statements as of and for the year ended December 31, 2025.