Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 84

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 84
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 on proof of income prior to making a mortgage and home equity loan regardless of the type or value of the collateral or the location of the property, which has had the effect of practically barring the grant of any new mortgage and home equity loans to borrowers without verifiable income. Our banking subsidiaries extend mortgage and home equity loans in compliance with the applicable regulations and administrative instructions by the relevant supervising authorities. The following table sets forth a breakdown of our retail loans.

|                                                 |     |                      As of December 31, |        |   |     |      |        |   |     |      |         |   |
|                                                 |     |                                    2022 |        |   |     | 2023 |        |   |     | 2024 |         |   |
|                                                 |     | -In billions of Won, except percentages |        |   |     |      |        |   |     |      |         |   |
| Retail loans(1)                                 |     |                                         |        |   |     |      |        |   |     |      |         |   |
| Mortgage and home equity loans                  |     |                                       W | 81,724 |   |     |    W | 87,305 |   |     |    W | 101,078 |   |
| Other retail loans                              |     |                                         | 73,641 |   |     |      | 67,799 |   |     |      |  65,062 |   |
| Percentage of retail loans to total gross loans |     |                                         |   37.6 | % |     |      |   37.2 | % |     |      |    36.5 | % |

Note:

| (1) | Before allowance for credit losses on loans and deferred loan origination costs and fees and excludes credit card receivables. |

The total mortgage and home equity loans amounted to W101,078 billion as of December 31, 2024, and as of such date, consisted of amortizing loans (whose principal is repaid by part of the installment payments) in the amount of W68,385 billion and non-amortizingloans in the amount of W32,693 billion. In addition, as of December 31, 2024, we also provided lines of credit in the aggregate outstanding amount of W177 billion for non-amortizingloans. Pricing The interest rates payable on Shinhan Bank’s retail loans are either periodically adjusted floating