Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 451

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 451
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1.0 |
| Facility investment growth rate (YoY %)          |    | --                  |     |         |  (8.3 | ) |     |      | (3.8 | ) |     | (4.0 | ) |     |   0.2 |     |   1.4 |
| Consumer price index growth rate (%)             |    | -+                  |     |         |   3.6 |   |     |      |  3.2 |   |     |  3.2 |   |     |   3.0 |     |   2.7 |
| Balance on current account (100 million dollars) |    | --                  |     |         | 120.0 |   |     |      | 60.0 |   |     | 70.0 |   |     | 100.0 |     | 120.0 |
| Government bond 3y yields (%)                    |    | —                   |     |         |   3.7 |   |     |      |  3.7 |   |     |  3.6 |   |     |   3.6 |     |   3.6 |

<div align='center'>F-5 8</div>

Table of Contents

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) |

④ Worst scenario

| Major variables (*1),(*2),(*4)                   |     | Correlation         
 betweencredit risks |     | Economic Crisis for 1 year |       |   |
| GDP growth rate (YoY %)                          |     | --                  |     |                            |  (5.1 | ) |
| Private consumption index (YoY %)                |     | --                  |     |                            | (11.9 | ) |
| Facility investment growth rate (YoY %)          |     | --                  |     |                            | (38.6 | ) |
| Consumer price index growth rate (%)             |     | -+                  |     |                            |   7.5 |   |
| Balance on current account (100 million dollars) |     | --                  |     |                            | 401.1 |