Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 182

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 182
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 |     |                                 | 433,231 |     |          | 418,272 |     |         | (14,959 | ) |
| Interest-bearing liabilities |     |                                 | 424,259 |     |          | 411,235 |     |         | (13,024 | ) |
| Gap                          |     |                                 |   8,973 |     |          |   7,037 |     |         | (1,936  | ) |

Note:

| (1) | Includes merchant banking accounts and derivatives for the purpose of hedging. |

Net Interest Income Simulation Shinhan Bank performs net interest income simulation to measure the effects of the change in interest rate on its results of operations. Such simulation uses the deterministic analysis methodology to measure the estimated changes in Shinhan Bank’s annual net interest income (interest income less interest expenses) under the current maturity structure, using different scenarios for interest rates (assuming parallel shifts) and funding requirements. For simulations involving interest rate changes, based on the assumption that there is no change in funding requirements, Shinhan Bank applies three scenarios of parallel shifts in interest rate: (1) no change, (2) a 1% point increase in interest rates and (3) a 1% point decrease in interest rates. The following table illustrates by way of an example the simulated changes in Shinhan Bank’s annual net interest income for 2024 with respect to Won-denominatedinterest-earning assets and interest-bearing liabilities, using Shinhan Bank’s net interest income simulation model, assuming (a) the maturity structure and funding requirement of Shinhan Bank as of December 31, 2024 and (b) the same interest rates as of December 31, 2024 and a 1% point increase or decrease in the interest rates.

|                            |     | Simulated Net Interest Income for 2024            |        |     |          |        |     |          |        |     |                 |       |     |           |       |   |     |                 |        |   |     |           |        |    |
|                            |     | -For Non-Trading Won-Denominated Bank Accounts(1) |        |     |          |        |     |          |        |     |                 |       |     |           |       |   |     |                 |        |   |     |           |        |    |
|                            |     | Assumed Interest Rates                            |        |     |          |        |