Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 465

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 465
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9</div>

SHINHAN FINANCIAL GROUP CO., LTD. AND SUBSIDIARIES

Notes to the Consolidated Financial Statements

(In millions of won)

December 31, 2023 and 2024

| 5. | Financial risk management (continued) |

ix) Concentration by industry sector

An analysis of concentration by industry sector of financial instrument, net of allowance, as of and December 31, 2023 and 2024 is as follows:

|                                                          |     |        2023 |             |     |               |            |     |            |            |     |             |            |     |              |           |     |             |           |     |       |             |     |           |             |     |       |             |
| Classification (*)                                       |     | Finance and 
   insurance |             |     | Manufacturing |            |     | Retail and 
 wholesale  |            |     | Real estate 
 and         
 business    |            |     | Construction 
 service      |           |     | Lodging and 
 Restaurant  |           |     | Other |             |     | Retail    
 customers |             |     | Total |             |
| Due from banks and loans at amortized cost:              |     |             |             |     |               |            |     |            |            |     |             |            |     |              |           |     |             |           |     |       |             |     |           |             |     |       |             |
| Banks                                                    |     |           W |  14,677,168 |     |               |          — |     |            |          — |     |             |          — |     |              |         — |     |             |         — |     |       |     422,079 |     |           |           — |     |       |  15,099,247 |
| Retail                                                   |     |             |           — |     |               |          — |     |            |          — |     |             |          — |     |              |         — |     |             |         — |     |       |           — |     |           | 177,454,344 |     |       | 177,454,344 |
| Government/Public sector/Central bank                    |     |             |  21,767,450 |     |               |          — |     |            |          — |     |             |          — |