Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 307

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 307
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 adequacy ratio                                 |     |                                         |       16.11 | % |     |      |       15.98 | % |     |      |       15.79 | % |
| Tier I capital adequacy ratio                          |     |                                         |       14.84 | % |     |      |       14.80 | % |     |      |       14.76 | % |
| Common equity capital adequacy ratio                   |     |                                         |       12.79 | % |     |      |       13.17 | % |     |      |       13.06 | % |

|                                                  |     | As of December 31, |       |     |      |       |     |      |       |
|                                                  |     |               2022 |       |     | 2023 |       |     | 2024 |       |
|                                                  |     |       -Percentages |       |     |      |       |     |      |       |
| Group BIS ratio(1)                               |     |                    | 16.11 |     |      | 15.98 |     |      | 15.79 |
| Tier I Capital:                                  |     |                    |       |     |      |       |     |      |       |
| Total capital adequacy ratio of Shinhan Bank     |     |                    | 17.77 |     |      | 18.08 |     |      | 17.58 |
| Adjusted equity capital ratio of Shinhan Card(2) |     |                    | 18.60 |     |      | 19.71 |     |      | 20.00 |
| Solvency ratio for Shinhan Life Insurance(3)     |     |                    | 267.7 |     |      | 250.8 |     |      | 206.8 |

Notes:

| (1) | Under the guidelines of the Financial Services Commission applicable to financial holding companies, the minimum requisite capital ratio applicable to us is 12.5% (Bank for International Settlement ratio of 8%). |

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| This computation is based on our consolidated financial statements in accordance with IFRS. See “Item 4.B. Business Overview — Supervision and Regulation — Principal Regulations Applicable to Financial Holding Companies — Capital Adequacy.” |

| (2) | Represents the ratio of total adjusted shareholders’ equity to total adjusted assets and is computed in accordance with