Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 503

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 503
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 capital + supplementary capital) ÷ risk weighted assets’.

The capital of common stock can be the first to make up for the loss of the financial holding company. The capital of common stock consists of capital stock, capital reserve, retained earnings and other, which will not be redeemed until the liquidation and will be redeemed at the last during the liquidation. Other basic capital consists of capital securities that meet certain requirements as capital of permanent nature. Complementary capital is capital that can compensate for losses of financial holding companies during liquidation, and consists of capital securities, etc. that meet certain requirements. The deduction items are those held by the Group as assets or capital items, but do not contribute to the ability to absorb losses. Unless otherwise noted, it will be deducted from common stock capital.

<div align='center'>F-1 10</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) |

The capital ratio of the Group based on Basel III is as of December 31, 2023 and 2024 are as follows:

|                                |     | 2023 |             |   |     | 2024 |             |   |
| Capital :                      |     |      |             |   |     |      |             |   |
| Tier I common equity capital   |     |    W |  41,388,070 |   |     |      |  44,570,426 |   |
| Additional tier 1 capital      |     |      |   5,118,817 |   |     |      |   5,822,079 |   |
| Tier I capital                 |     |      |  46,506,887 |   |     |      |  50,392,505 |   |
| Tier II capital                |     |      |   3,685,637 |   |     |      |   3,512,376 |   |
| Total capital (A)              |     |    W |  50,192,524 |   |     |      |  53,904,881 |   |
| Total risk-weighted assets (B) |     |    W | 314,180,698 |   |     |      | 341,378,776