Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 305

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 305
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 — |     |       |   1,165 |
| Lease liability                 |     |                           |      39 |     |            |     48 |     |            |     67 |     |             |     137 |     |           |    504 |     |           |     96 |     |       |     891 |
| Total                           |     | W                         | 235,038 |     | W          | 63,148 |     | W          | 72,881 |     | W           | 105,003 |     | W         | 98,948 |     | W         | 10,301 |     | W     | 585,319 |

Note:

| (1) | Reflects all estimated contractual interest payments due on our interest-bearing deposits, borrowings, debt securities issued and lease liability, and the estimated contractual interest payments on borrowings and debt securities that are on a floating rate basis as of December 31, 2024 were computed as if the interest rate used |

225

| on the last applicable date (for example, the interest payment date for such floating rate loans immediately preceding the determination date) were the interest rate applicable throughout the remainder of the term. |

Commitments and Guarantees In the normal course of business, we and our subsidiaries make various commitments and guarantees to meet the financing needs of our customers. Commitments and guarantees are usually in the form of, among others, commitments to extend credit, commercial letters of credit, standby letter of credit and performance guarantees. The contractual amount of these financial instruments represents the maximum possible loss amount if the counterparty draws down the commitment or we should fulfill our obligation under the guarantee and the counterparty fails to perform under the contract. See “Item 4.B. Business Overview — Description of Assets and Liabilities — Credit-Related Commitments and Guarantees.” The following table sets forth our commitments and guarantees as of December 31, 2024. These commitments, apart from certain guarantees and acceptances, are not included within our consolidated statements of financial position.

|                                      |     | As of December 31, 2024         
 Commitment Expiration by Period |         |     |           |         |     |           |        |     |       |         |
|:-------------------------------------|:----|:--------------------------------|--------:|:----|:----------|--------:|:----|:----------|-------:|:----|:------|--------:|
|