Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 474

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 474
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 |     |    W | 1,185,973 |     |      | 1,508,514 |
| ΔNII (*2) |     |      |   394,996 |     |      |   406,207 |

ii-4) Shinhan Card

|           |     | 2023 |         |     | 2024 |         |
| ΔEVE (*1) |     |    W | 952,836 |     |      | 990,898 |
| ΔNII (*2) |     |      | 591,935 |     |      | 600,681 |

F- 7 6

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) |

ii-5) Shinhan Securities

|           |     | 2023 |         |     | 2024 |         |
| ΔEVE (*1) |     |    W | 249,806 |     |      | 252,625 |
| ΔNII (*2) |     |      | 269,678 |     |      | 418,741 |

ii-6) Shinhan Life Insurance

|           |     | 2023 |           |     | 2024 |           |
| ΔEVE (*1) |     |    W | 4,434,253 |     |      | 3,848,473 |
| ΔNII (*2) |     |      |    35,901 |     |      |    44,525 |

| (*1) | ΔEVE is the change in economic value of equity capital that can arise from changes in interest rates that affect the present value of assets, liabilities andoff-balancesheet items by using the Basel III standard based IRRBB method. |

| (*2) | ΔNII is the change in net interest income that can occur over the next year due to changes in interest rates by using the Basel III standard based IRRBB method. |

iii) Foreign exchange risk

Exposure to foreign exchange risk can be defined as the difference (net position) between assets and liabilities presented in foreign currency, including derivative financial instruments linked to foreign exchange rate. Foreign exchange risk is a factor that causes market risk of the trading