Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 129

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 129
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 | 455,125 |

Notes:

| (1) | Consists primarily of working capital loans, general purpose loans, bills purchased and trade-related notes and excludes loans to public institutions and commercial banks. |

| (2) | Consists of working capital loans and loan facilities to public institutions and non-profit organizations. |

| (3) | Consists of interbank loans and call loans. |

| (4) | Consists of general unsecured loans and loans secured by collateral other than housing to retail customers. |

| (5) | As of December 31, 2022, 2023 and 2024, 86.0%, 87.2% and 86.5% of our total gross loans, respectively, were Won-denominated. |

| (6) | Loan amounts include loans at amortized cost and loans at fair value classified in accordance with IFRS 9. Corporate loans include loans at fair value in the amount of W2,389 billion, W1,759 billion and W1,880 billion as of December 31, 2022, 2023 and 2024, respectively. |

Loan Portfolio The total exposure of us or our banking subsidiaries to any single borrower and exposure to any single group of companies belonging to the same conglomerate is limited by law to 25% of the Net Total Equity Capital (as defined in “— Supervision and Regulation”). 80

Twenty Largest Exposures by Individual Borrower As of December 31, 2024, our 20 largest exposures, consisting of loans, securities and guarantees and acceptances, totaled W30,674.2 billion. The following table sets forth our total exposures to these top 20 borrowers as of December 31, 2024.

|                                             |     | As of December 31, 2024 |         |     |          |         |     |            |          |     |             |         |     |        |   |     |          |          |
|:--------------------------------------------|:----|:------------------------|--------:|:----|:---------|--------:|:----|:-----------|---------:|:----|:------------|--------:|:----|:-------|:--|:----|:---------|---------:|
|                                             |     | Loans in                
 Won                     
 Currency                |         |     | Loans in 
 Foreign  
 Currency |         |     | Securities |          |     | Guarantees  
 and         
 Acceptances |