Statements of cash flows

12 Months Ended

Dec. 31, 2025

7. STATEMENTS OF CASH FLOWS

(1) Details of cash and cash equivalents are as follows (Unit: Korean Won in millions):

(2) Details of restricted cash and cash equivalents are as follows (Unit: Korean Won in millions)


	Counterparty	December 31, 2024	Reason of restriction
Due from banks in local currency:
Due from Bank of Korea on demand	Bank of Korea	9,712,194	Reserve deposits under the Bank of Korea Act

Due from banks in foreign currencies:
Due from banks on demand	Bank of Korea and others	2,954,868	Reserve deposits etc.

	Total	12,667,062


	Counterparty	December 31, 2025		Reason of restriction
Due from banks in local currency:
Due from Bank of Korea on demand	Bank of Korea		16,555,802	Reserve deposits under the Bank of Korea Act

Due from banks in foreign currencies:
Due from banks on demand	Bank of Korea and others		6,919,255	Reserve deposits etc.

	Total		23,475,057

(3)	Significant transactions of investing activities and financing activities not involving cash inflows and outflows are as follows (Unit: Korean Won in millions):


	For the years ended December 31
	2023			2024			2025
Changes in other comprehensive income related to valuation of financial assets at FVTOCI		725,525			34,058			(1,321,567	)
Changes in other comprehensive income related to valuation of assets of associate		2,965			(5,367	)		(2,335	)
Changes in other comprehensive income related to valuation profit or loss on cash flow hedge		(16,524	)		6,591			(167,670	)
Changes in financial assets measured at FVTOCI due to debt-for-equity swap		206			18,536			—
Changes in premises and equipment due to the transfer of assets held-for-sale		(2,504	)		(38,423	)		(107,479	)
Changes in investment property due to reclassification to assets held for sale								(35,137	)
Transfer of investment properties to premises and equipment		2,098			(42,344	)		(9,997	)
Reclassification of advance payments related to acquisition of control		—			—			(154,934	)
Changes in account payables related to intangible assets		11,121			24,134			(5,101	)
Changes in right-of-use assets and lease liabilities		219,531			427,926			235,011
Changes in other comprehensive income related to foreign operation translation		45,080			522,845			(116,405	)

(4) Adjustments of liabilities from financing activities are as follows (Unit: Korean Won in millions):


	For the year ended December 31, 2023
	Beginning balance		Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes		Not involving cash inflows and outflows
	Beginning balance		Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes		Foreign Exchange		Variation of gain(loss) on valuation of hedged items			Others (*)		Ending balance
Borrowings		28,429,603		2,332,376			—		—		191,250		—			33,517		30,986,746
Debentures		44,198,486		(3,227,650	)		—		—		82,210		58,306			127,893		41,239,245
Lease liabilities		319,161		(160,673	)		—		—		1,130		—			174,838		334,456
Net derivative liabilities (for hedging purposes)		165,125		23,394			—		—		—		(87,420	)		25,200		126,299
Other liabilities		27,384		118			4		—		—		—			641		28,147

Total		73,139,759		(1,032,435	)		4		—		274,590		(29,114	)		362,089		72,714,893

(*)	The change in lease liabilities due to the new contract includes 210,810 million Won.


	For the year ended December 31, 2024
	Beginning balance		Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes		Not involving cash inflows and outflows
	Beginning balance		Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes		Foreign Exchange		Variation of gain(loss) on valuation of hedged items			Others (*)			Ending balance
Borrowings		30,986,746		(3,011,120	)		—		—		2,113,979		—			27,426			30,117,031
Debentures		41,239,245		5,594,220			—		—		870,846		17,417			485,375			48,207,103
Lease liabilities		334,456		(238,770	)		—		—		13,555		—			417,849			527,090
Net derivative liabilities (for hedging purposes)		126,299		(25,442	)		—		—		—		(156,422	)		(16,811	)		(72,376	)
Other liabilities		28,147		(17,690	)		—		—		—		—			16,169			26,626

Total		72,714,893		2,301,198			—		—		2,998,380		(139,005	)		930,008			78,805,474

(*)	The change in lease liabilities due to the new contract includes 366,340 million Won.


	For the year ended December 31, 2025
	Beginning balance			Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes			Not involving cash inflows and outflows
	Beginning balance			Financing activities Cash flow			Business Combination		Settlement of derivatives designated for hedging purposes			Foreign Exchange			Variation of gain(loss) on valuation of hedged items		Others (*)		Ending balance
Borrowings		30,117,031			4,392,369			—		—			(326,602	)		—		469		34,183,267
Debentures		48,207,103			5,599,481			1,670,044		—			(133,503	)		80,760		159,507		55,583,392
Lease liabilities		527,090			(251,559	)		48,656		—			(1,564	)		—		218,949		541,572
Net derivative liabilities (for hedging purposes)		(72,376	)		17,231			20,313		(34,199	)		—			322,204		145,008		398,181
Other liabilities		26,626			(41	)		15,443		—			—			—		633		42,661

Total		78,805,474			9,757,481			1,754,456		(34,199	)		(461,669	)		402,964		524,566		90,749,073

(*)	The change in lease liabilities due to the new contract includes 201,562 million Won.