A financial institution's risk manager is meeting with a team of analysts to explain the process of calculating potential credit losses within a loan portfolio. In this scenario, the portfolio comprises two separate loans with specific details provided below:

Loan	Borrowed Amount	Default Probability	Recovery Rate	Correlation of Defaults between Loan1 & Loan2
Loan1	CNY 15 million	2%	40%	0.6
Loan2	CNY 20 million	2%	25%	0.6

Assuming the distribution of portfolio losses adheres to a binomial model, what is the computed standard deviation of the portfolio's losses?