Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 181

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 181
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 Analysis Shinhan Bank performs a duration gap analysis to measure the differential effects of interest rate risk on the market value of its assets and liabilities by examining the difference between the durations of Shinhan Bank’s interest-earning assets and those of its interest-bearing liabilities, which durations represent their respective weighted average maturities calculated based on their respective discounted cash flows using applicable yield curves. These measurements are done on a daily basis and for each operating department, account, product and currency, the respective durations of interest-earning assets and interest-bearing liabilities. The following tables show duration gaps and market values of Shinhan Bank’s Won-denominatedinterest-earning assets and interest-bearing liabilities in its non-tradingaccounts as of December 31, 2024 and changes in these market values when interest rate increases by one percentage point. Duration as of December 31, 2024 (for non-trading Won-denominatedbank accounts (1))

|                              |     | Duration as of 
 December 31,   
 2024           |       |
|:-----------------------------|:----|:---------------|------:|
|                              |     | -In months     |       |
| Interest-earning assets      |     |                | 12.29 |
| Interest-bearing liabilities |     |                | 10.30 |
| Gap                          |     |                |  1.99 |

Note:

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

Market Value Analysis Shinhan Bank performs a market value analysis to measure changes in the market value of Shinhan Bank’s interest-earning assets compared to that of its interest-bearing liabilities based on the assumption of parallel shifts in interest rates. These measurements are done on a monthly basis. 127

Market Value as of December 31, 2024 (for non-trading Won-denominatedbank accounts (1))

|                              |     | Market Value as of December 31, 
 2024                            |         |     |          |         |     |         |         |   |
|:-----------------------------|:----|:--------------------------------|--------:|:----|:---------|--------:|:----|:--------|:--------|:--|
|                              |     | Actual                          |         |     | 1% Point 
 Increase |         |     | Changes |         |   |
|                              |     | -In billions of Won             |         |     |          |         |     |         |         |   |
| Interest-earning assets