Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 448

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 448
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 precautionary or below |     | Loan classification of precautionary or below |     | Loan classification of precautionary or below       |
| Borrower with early warning signals           |     | Borrower with early warning signals           |     | Specific delinquent pool segment                    |
| Negative net assets                           |     | Specific pool segment                         |     |                                                     |

<div align='center'>F-55</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) |

| Corporate exposures                                                                                                                                            |     | Retail exposures                                                                |     | Card exposures |
| Adverse audit opinion or disclaimer of opinion                                                                                                                 |     | Collective loans for housing for which the constructors are insolvent           |     |                |
| Interest coverage ratio below 1 for a consecutive period of three years or negative cash flows from operating activities for a consecutive period of two years |     | Loans with identified indicators for significant increases in other credit risk |     |                |
| Loans with identified indicators for significant increases in other credit risk                                                                                |     |                                                                                 |     |                |

The Group assumes that the credit risk of the financial instrument has been increased significantly since initial recognition if a specific exposure is past due more than 30 days (except, for card exposures if it is past due more than 7 days). The Group counts the number of days past due from the earliest date on which the Group fails to fully receive the contractual payments from the borrower, and does not take into account any grace period granted to the borrower.

The Group regularly reviews the criteria for determining if there has been a significant increase in credit risk from the following perspective:

| • |     | A significant increase in credit risk shall be identified prior to the occurrence of default. |

| • |     | The criteria established to judge the significant increase in credit risk shall have a more predictive power than the criteria for days of delinquency. |

| • |     | As a result of applying the judgment criteria, management would not expect frequent movement between the12-monthexpected credit loss accumulation target and the entire period expected credit loss accumulation target. |

i-2)Modified financial assets

If the contractual cash flows on a financial asset have been modified through renegotiation and the financial asset is not derecognized, the Group assesses whether there has been a significant increase in the credit