Company: SHG
Filing Date: 2025-04-23
Form Type: 20-F
Source: 0001193125-25-089950
Chunk: 461

Company: SHINHAN FINANCIAL GROUP CO LTD
Filing Date: 2025-04-23
Form: 20-F
Chunk 461
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 credit loss        |     |         |  10,370,570 |     |         |  2,988,286 |     |          |      — |     |       |  13,358,856 |
| Impaired                              |     |         |           — |     |         |          — |     |          |  5,291 |     |       |       5,291 |
|                                       |     |         | 194,299,285 |     |         | 24,676,218 |     |          |  5,291 |     |       | 218,980,794 |
|                                       |     |       W | 213,873,159 |     |         | 27,590,175 |     |          | 26,655 |     |       | 241,489,989 |

vi) Credit qualities are classified based on the internal credit rating as follows:

| Type of Borrower                      |     | Grade 1                                          |     | Grade 2                                             |
| Individuals                           |     | Probability of default below 2.25% for each pool |     | Probability of default 2.25% or above for each pool |
| Government/Public agency/Central bank |     | OECD sovereign credit rating of 6 or above       |     | OECD sovereign credit rating of below 6             |
| Banks and Corporations                
 (Including credit card bond)          |     | Internal credit rating of BBB+ or above          |     | Internal credit rating of below BBB+                |
| Card receivables (Individuals)        |     | Behavior scoring system of 7 grade or above      |     | Behavior scoring system of below 7 grade            |

<div align='center'>F- 6 6</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) |

vii) Credit risk exposures per credit quality of derivative assets

Credit risk exposures per credit quality of derivative assets as of December 31, 2023 and 2024 are as follows:

|         |     | 2023 |           |     | 2024 |            |
| Grade 1 |     |    W | 4,264,499 |     |      |  9,578,