Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 467

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 467
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              |           |     |             |           |     |       |             |     |           |             |     |       |             |
| Guarantees                                               |     |             |   3,733,957 |     |               | 11,712,348 |     |            |  3,548,909 |     |             |     92,172 |     |              |   179,255 |     |             |   115,827 |     |       |   3,113,748 |     |           |      12,979 |     |       |  22,509,195 |
| Loan commitments and other liabilities related to credit |     |             |  18,218,204 |     |               | 34,199,306 |     |            | 10,324,128 |     |             |  4,325,044 |     |              | 2,408,759 |     |             |   531,832 |     |       |  20,644,317 |     |           | 128,329,204 |     |       | 218,980,794 |
|                                                          |     |           W |  21,952,161 |     |               | 45,911,654 |     |            | 13,873,037 |     |             |  4,417,216 |     |              | 2,588,014 |     |             |   647,659 |     |       |  23,758,065 |     |           | 128,342,183 |     |       | 241,489,989 |

| (*) | The amounts by industry sector are presented as the net carrying amount after deducting allowances for loan losses. |

<div align='center'>F- 71</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) |

| (c) | Market risk |

i) Market risk management from trading positions

i-1) Concept of Market risk

Market risk is defined as the risk of loss of trading account position of financial institutions due to changes on market price, such as interest rates, exchange rates and stock prices, etc. and is divided into general market risks