Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 462

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 462
---
458 |
| Grade 2 |     |      |   446,922 |     |      |    700,799 |
|         |     |    W | 4,711,421 |     |      | 10,279,257 |

| (*) | Credit risk per credit quality of derivative assets is classified based on the internal credit ratings. |

<div align='center'>F-6 7</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) |

viii) Concentration by geographic location

An analysis of concentration by geographic location for financial instrument, net of allowance, as of December 31, 2023 and 2024 are as follows:

|                                                          |     |  2023 |             |     |     |            |     |    |           |     |       |            |     |         |           |     |         |            |     |       |           |     |       |            |     |       |             |
| Classification (*)                                       |     | Korea |             |     | USA |            |     | UK |           |     | Japan |            |     | Germany |           |     | Vietnam |            |     | China |           |     | Other |            |     | Total |             |
| Due from banks and loans at amortized cost               |     |       |             |     |     |            |     |    |           |     |       |            |     |         |           |     |         |            |     |       |           |     |       |            |     |       |             |
| Banks                                                    |     |     W |   5,077,652 |     |     |  3,063,531 |     |    |   307,509 |     |       |    371,901 |     |         |   946,100 |     |         |  1,577,823 |     |       | 1,610,517 |     |       |  2,144,214 |     |       |  15,099,247 |
| Retail                                                   |     |       | 164,718,020 |     |     |    414,632 |     |    |     7,927 |