Securities at Amortized Cost (Tables)

12 Months Ended

Dec. 31, 2025

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


	December 31, 2024			December 31, 2025
Korean treasury and government agencies		7,646,463			9,698,695
Financial institutions		4,004,011			3,352,648
Corporates		5,997,996			4,587,881
Bond denominated in foreign currencies		1,555,470			1,079,302
Others		10,000			—
Allowance for credit losses		(10,763	)		(11,067	)

Total		19,203,177			18,707,459

(2) Changes in the loss allowance and gross carrying amount of securities at amortized cost are as follows (Unit: Korean Won in millions):

1) Loss allowance


	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(8,385	)		—		—		(8,385	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(5,549	)		—		—		(5,549	)
Others (*)		(7	)		—		—		(7	)

Ending balance		(13,941	)		—		—		(13,941	)

(*)	Changes due to foreign currencies translation, etc.


	For the year ended December 31, 2024
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(13,941	)		—		—		(13,941	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net reversal of loss allowance		3,287			—		—		3,287
Others (*)		(109	)		—		—		(109	)

Ending balance		(10,763	)		—		—		(10,763	)

(*)	Changes due to foreign currencies translation, etc.


	For the year ended December 31, 2025
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		(10,763	)		—		—		(10,763	)
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Net provision of loss allowance		(330	)		—		—		(330	)
Others (*)		26			—		—		26

Ending balance		(11,067	)		—		—		(11,067	)

(*)	Changes due to foreign currencies translation, etc.

2) Gross carrying amount


	For the year ended December 31, 2023
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		28,276,901			—		—		28,276,901
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		4,244,256			—		—		4,244,256
Disposal / Repayment		(8,727,124	)		—		—		(8,727,124	)
Amortization based on effective interest method		167,219			—		—		167,219
Others (*)		48,861			—		—		48,861

Ending balance		24,010,113			—		—		24,010,113

(*)	Changes due to foreign currencies translation, etc.


	For the year ended December 31, 2024
	Stage 1			Stage 2		Stage 3		Total
Beginning balance		24,010,113			—		—		24,010,113
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		2,586,171			—		—		2,586,171
Disposal / Repayment		(7,634,677	)		—		—		(7,634,677	)
Amortization based on effective interest method		93,318			—		—		93,318
Changes due to business combinations		10,000			—		—		10,000
Others (*)		149,015			—		—		149,015

Ending balance		19,213,940			—		—		19,213,940

(*)	Changes due to foreign currencies translation, etc.


	For the year ended December 31, 2025
	Stage 1			Stage 2		Stage 3		Total

Beginning balance		19,213,940			—		—		19,213,940
Transfer to 12-month expected credit losses		—			—		—		—
Transfer to lifetime expected credit losses		—			—		—		—
Transfer to credit-impaired financial assets		—			—		—		—
Acquisition		5,312,962			—		—		5,312,962
Disposal / Repayment		(5,900,990	)		—		—		(5,900,990	)
Amortization based on effective interest method		111,965			—		—		111,965
Others (*)		(19,351	)		—		—		(19,351	)


Ending balance		18,718,526			—		—		18,718,526

(*)	Changes due to foreign currencies translation, etc.