Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 470

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 470
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    91,048 |
| CSR-Non-Securitisations(CTP)    |     |      |       376 |     |      |       508 |
| Stock                           |     |      |   330,212 |     |      |   210,850 |
| Foreign                         |     |      |   449,030 |     |      |   389,673 |
| Commodity                       |     |      |     1,600 |     |      |     2,829 |
|                                 |     |    W | 1,609,337 |     |      | 1,517,630 |
| Default risk                    |     |      |           |     |      |           |
| Non-Securitisations             |     |    W |    37,808 |     |      |         — |
| Securitisations (Excluding CTP) |     |      |   162,599 |     |      |   121,146 |
| Securitisations (CTP)           |     |      |        71 |     |      |       596 |
|                                 |     |    W |   200,478 |     |      |   121,742 |
| Residual risk                   |     |      |     7,654 |     |      |     9,547 |
|                                 |     |    W | 1,817,469 |     |      | 1,648,919 |

| (*1) | GIRR (General Interest Rate Risk): General interest rate risk, a concept that measures the risk of loss due to changes in the risk-free interest rate. In general, if the maturity is long and the value changes fluctuates a lot due to interest rate changes, the risk value is calculated to be large. |

| (*2) | CSR (Credit Spread Risk): Credit spread risk, a concept that measures the risk of value fluctuations as credit spreads fluctuate independently of the risk-free interest rate for products with inherent credit risk. |

<div align='center'>F- 7 3</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) |

i-3) Shinhan Bank

The details of the minimum