Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 460

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 460
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 31, 2023 and 2024. |

<div align='center'>F- 6 5</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) |

v) Credit risk exposures per credit grade of off-balanceitems

Credit risk exposures per credit grade of off-balance items as of December 31, 2023 and 2024 are as follows:

|                                       |     |    2023 |             |     |         |            |     |          |       |     |       |             |
|                                       |     | Grade 1 |             |     | Grade 2 |            |     | Impaired |       |     | Total |             |
| Guarantee contracts:                  |     |         |             |     |         |            |     |          |       |     |       |             |
| 12-monthexpected credit loss          |     |       W |  15,112,974 |     |         |  2,578,086 |     |          |     — |     |       |  17,691,060 |
| Life time expected credit loss        |     |         |     513,229 |     |         |    168,287 |     |          |     — |     |       |     681,516 |
| Impaired                              |     |         |           — |     |         |          — |     |          | 1,711 |     |       |       1,711 |
|                                       |     |         |  15,626,203 |     |         |  2,746,373 |     |          | 1,711 |     |       |  18,374,287 |
| Loan commitment and other credit line |     |         |             |     |         |            |     |          |       |     |       |             |
| 12-monthexpected credit loss          |     |         | 181,662,271 |     |         | 19,763,504 |     |          |     — |     |       | 201,425,775 |
| Life time expected credit loss        |     |         |   7,510,601 |     |         |  3,138