Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 475

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 475
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 position and is managed by the Group under the market risk management system.

The management of Shinhan Bank’s foreign exchange position is centralized at the S&T Center. The desks and dealers of this department manage the overall position of spot foreign exchange or foreign exchange derivatives within the established market risk and foreign exchange position limits. Shinhan Bank sets a limit for net open positions by currency and the limits for currencies other than the U.S. dollars (USD), Japanese yen (JPY), Euros (EUR) and Chinese yuan (CNY) are set in order to minimize exposures from the other foreign exchange trading.

<div align='center'>F-7 7</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) |

Foreign currency denominated assets and liabilities as of December 31, 2023 and 2024 are as follows:

|                                            |     | 2023 |            |     |     |            |   |     |     |           |   |     |     |           |   |     |       |            |   |     |       |             |   |
|                                            |     |  USD |            |     | JPY |            |   |     | EUR |           |   |     | CNY |           |   |     | Other |            |   |     | Total |             |   |
| Assets:                                    |     |      |            |     |     |            |   |     |     |           |   |     |     |           |   |     |       |            |   |     |       |             |   |
| Cash and due from banks at amortized cost  |     |    W | 10,473,766 |     |     |  2,318,380 |   |     |     |   140,319 |   |     |     |   654,444 |   |     |       |  3,975,017 |   |     |       |  17,561,926 |   |
| Due from banks at FVTPL                    |     |      |     30,743 |     |     |          — |   |     |     |         — |   |     |     |         — |   |     |       |          —