# EDGAR Filing Document

**Accession Number:** 0001615903
**File Stem:** 0001193125-26-047070
**Filing Date:** 2026-2
**Character Count:** 235656
**Document Hash:** 5ffe441eefd65eb1490819447eb6f06c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-047070.hdr.sgml**: 20260212

**ACCESSION NUMBER**: 0001193125-26-047070

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260211

**FILED AS OF DATE**: 20260212

**DATE AS OF CHANGE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Intercorp Financial Services Inc.
- **CENTRAL INDEX KEY:** 0001615903
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38965
- **FILM NUMBER:** 26622541

**BUSINESS ADDRESS:**
- **STREET 1:** TORRE INTERBANK
- **STREET 2:** AV. CARLOS VILLAR?N 140 - LA VICTORIA
- **CITY:** LIMA
- **STATE:** R5
- **ZIP:** LIMA 13
- **BUSINESS PHONE:** 51-1-615-9011

**MAIL ADDRESS:**
- **STREET 1:** TORRE INTERBANK
- **STREET 2:** AV. CARLOS VILLAR?N 140 - LA VICTORIA
- **CITY:** LIMA
- **STATE:** R5
- **ZIP:** LIMA 13

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

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**Form 6-K** 

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**REPORT OF FOREIGN PRIVATE ISSUER** 

**PURSUANT TO RULE 13a-16 OR 15d-16 OF THE** 

**SECURITIES EXCHANGE ACT OF 1934** 

**February 11, 2025** 

**Commission File Number 001-38965** 

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**INTERCORP FINANCIAL SERVICES INC.** 

**(Registrant's name)** 

------

**Intercorp Financial Services Inc.** 

**Torre Interbank, Av. Carlos Villarán 140** 

**La Victoria** 

**Lima 13, Peru** 

**(51) (1) 615-9011** 

**(Address of principal executive offices)** 

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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On February 5, 2025, Intercorp Financial Services Inc. ("IFS") announced its unaudited results for the fourth quarter of 2024, which were approved by the Board on February 5, 2025. IFS' condensed consolidated unaudited results as of December 31, 2024 and December 31, 2023, and the corresponding Management Discussion and Analysis are attached hereto.

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit** | **Description** |
| 99.1 | [<u>Intercorp Financial Services Inc. Fourth Quarter 2024 Earnings</u>](ifs-ex99_1.htm) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **INTERCORP FINANCIAL SERVICES INC.** | **INTERCORP FINANCIAL SERVICES INC.** |
| Date: February 5, 2025 | By: | /s/ Michela Casassa Ramat |
|  | Name: | Michela Casassa Ramat |
|  | Title: | Chief Financial Officer |

---

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## Exhibit 99.1

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| | |
|:---|:---|
| **<u>Exhibit 99.1</u>** | ![img193345711_0.gif](img193345711_0.gif) |

---

**Intercorp Financial Services Inc.** 

**Fourth Quarter 2025 Earnings** 

**Lima, Peru, February 11, 2026.** Intercorp Financial Services Inc. (Lima Stock Exchange/NYSE: IFS) announced today its unaudited results for the fourth quarter 2025. These results are reported on a consolidated basis under IFRS in nominal Peruvian soles.

**Intercorp Financial Services: Solid performance across businesses**

• +49% YoY earnings drive ROE to 16.8%

• Net profit at s/ 1,943 million for FY2025

**Banking: Higher- yielding loans continue positive trend**

• Higher-yielding loans grew 8% YoY

• Risk adjusted NIM improving to 3.7%

• Cost of risk at 2.3% and cost of funds at 3.1% for FY25

• We continue to strengthen primary banking relationships

**Insurance: delivering solid double.digit growth**

• Market leader in regulated annuities with ~ 30% share in 2025

• Written premiums incresed by 61% in the last quarter

**Wealth Management: Continues to deliver double-digit growth** 

• Continued growth in AUM: 14% YoY

• Sequential recovery of fee income continues

------

**Intercorp Financial Services** 

**SUMMARY** 

**<u>2025 Performance</u>** 

Intercorp Financial Services' net profit was S/ 1,943.2 million in 2025, an increase of S/ 635.7 million YoY or 48.6%. As a result IFS's annualized ROE was 16.8%, and 18.5% excluding Rutas de Lima impairment.

This year has been positive for IFS, achieving the highest net income in our history. It also marks a significant recovery, with solid growth across all revenue lines. These results reinforce the resilience of our diversified business model and our strong commitment to sustainable value creation for investors.

Profits increased S/ 635.7 million YoY, or 48.6%, mainly explained by a reduction of S/ 583.5 million in provision expenses, as well as increases of S/ 406.3 million in other income, S/ 80.3 million in net interest and similar income and S/ 76.7 million in fee income from financial services. These effects where partially offset by increases of S/ 263.0 million in other expenses, of S/ 216.3 million in impairments from financial investments and of S/ 215.9 million in income tax.

**Intercorp Financial Services' P&L statement**

---

| | | | |
|:---|:---|:---|:---|
| S/ million | **2024** | **2025** | **%chg<br>25/24** |
| Interest and similar income | 7029.4 | 6888.4 | -2.0% |
| Interest and similar expenses | (2480.3) | (2259.0) | -8.9% |
| **Net interest and similar income** | **4549.1** | **4629.4** | **1.8%** |
| Impairment loss on loans, net of recoveries | (1720.2) | (1136.7) | -33.9% |
| Recovery (loss) due to impairment of financial investments | (47.5) | (263.8) | n.m. |
| **Net interest and similar income after impairment loss** | **2781.4** | **3228.9** | **16.1%** |
| Fee income from financial services, net | 1142.9 | 1219.6 | 6.7% |
| Other income | 791.6 | 1197.9 | 51.3% |
| Insurance results | (169.8) | (47.8) | -71.9% |
| Other expenses | (2900.2) | (3163.2) | 9.1% |
| **Income before translation result and income tax** | **1646.0** | **2435.5** | **48.0%** |
| Translation result | (24.1) | 38.0 | n.m. |
| Income tax | (314.4) | (530.3) | 68.7% |
| **Profit for the period** | **1307.5** | **1943.2** | **48.6%** |
| **Attributable to IFS' shareholders** | **1300.1** | **1932.5** | **48.6%** |
| **EPS** | **9.33** | **16.83** |  |
| **ROE** | **12.6%** | **16.8%** |  |
| **ROA** | **1.4%** | **2.0%** |  |
| **Efficiency ratio** | **37.4%** | **36.8%** |  |

---

The reduction in provision expenses was mainly explained by our disciplined approach to higher yielding loans, which represents 21.9% of the total loan book, along with the continued strong payment performance of our clients. As a result, cost of risk for 2025 stood at 2.3%.

The increase of S/ 406.3 million in other income was explained by better results across all subsidiaries. First, the insurance business showed an increase of S/ 150.8 million, mostly explained by a higher valuation on properties. Second, our wealth management business showed an increase of S/ 77.2 million, due to higher valuation on equity positions tech related. Finally, our banking subsidiary showed an increase of S/ 106.7 million, explained by higher valuation of sovereign bonds, as well as increases from FX transactions.

The increase of fee income is mostly due to higher commissions from our banking subsidiary of S/ 92.8 million, related to higher transactionality and credit card usage; as well as an increase of S/ 25.0 million in our wealth management business, which is directly related to the double-digit growth in assets under management.

The increase of S/ 263.0 million in other expenses was explained by an increase of S/ 192.1 million in our banking business, mostly related to higher technology expenses and employee salaries; and an increase of S/ 44.9 million in our insurance business.

The S/ 216.3 million increase in impairments from financial investments is related to the exposure to Rutas de Lima (RdL) in our insurance company.

------

Finally, the S/ 215.9 million increase in income tax is related to the recovery of revenues in 2025; which showed an increase of 12.6% YoY.

**Intercorp Financial Services' Statement of financial position**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>4Q25/<br>3Q25** | **%chg<br>4Q25/<br>4Q24** |
| Cash and due from banks and inter-bank funds | 12835.3 | 12734.6 | 14076.0 | 10.5% | 9.7% |
| Financial investments | 26857.9 | 27619.7 | 28173.8 | 2.0% | 4.9% |
| Loans, net of unearned interest | 50959.6 | 52113.4 | 52361.2 | 0.5% | 2.8% |
| Impairment allowance for loans | (1730.2) | (1666.3) | (1591.0) | -4.5% | -8.0% |
| Property, furniture and equipment, net | 814.4 | 858.1 | 967.3 | 12.7% | 18.8% |
| Other assets | 5766.7 | 5467.9 | 5110.2 | -6.5% | -11.4% |
| **Total assets** | **95503.8** | **97127.5** | **99097.4** | **2.0%** | **3.8%** |
| **Liabilities and equity** |  |  |  |  |  |
| Deposits and obligations | 53768.0 | 53610.3 | 56027.6 | 4.5% | 4.2% |
| Due to banks and correspondents and inter-bank funds | 7562.1 | 7997.1 | 7221.0 | -9.7% | -4.5% |
| Bonds, notes and other obligations | 6075.4 | 5887.5 | 5590.4 | -5.0% | -8.0% |
| Insurance contract liabilities | 12524.3 | 12933.5 | 13063.3 | 1.0% | 4.3% |
| Other liabilities | 4595.3 | 4748.0 | 4773.3 | 0.5% | 3.9% |
| **Total liabilities** | **84525.2** | **85176.4** | **86675.6** | **1.8%** | **2.5%** |
| **Equity, net** |  |  |  |  |  |
| Equity attributable to IFS' shareholders | 10915.2 | 11881.2 | 12348.6 | 3.9% | 13.1% |
| Non-controlling interest | 63.4 | 69.9 | 73.3 | 4.8% | 15.6% |
| **Total equity, net** | **10978.6** | **11951.1** | **12421.8** | **3.9%** | **13.1%** |

---

------

**<u>4Q24 Performance</u>**

Intercorp Financial Services' net profit was S/ 461.3 million in 4Q25, an increase of S/ 5.1 million QoQ and a decrease of S/ 28.8 million YoY. IFS's annualized ROE was 15.1% in 4Q25, and 19.1% excluding Rutas de Lima impairment.

**Intercorp Financial Services' P&L statementu**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 1726.5 | 1724.4 | 1719.2 | (0.3)% | (0.4)% |
| Interest and similar expenses | (575.4) | (567.4) | (542.2) | (4.4)% | (5.8)% |
| **Net interest and similar income** | **1151.1** | **1157.0** | **1177.0** | **1.7%** | **2.3%** |
| Impairment loss on loans, net of recoveries | (319.7) | (256.9) | (228.6) | (11.0)% | (28.5)% |
| Recovery (loss) due to impairment of financial investments | (4.6) | (77.1) | (127.0) | 64.7% | n.m. |
| **Net interest and similar income after impairment loss** | **826.8** | **823.0** | **821.5** | **(0.2)%** | **(0.6)%** |
| Fee income from financial services, net | 299.9 | 311.1 | 313.2 | 0.7% | 4.4% |
| Other income | 283.3 | 245.5 | 303.5 | 23.6% | 7.2% |
| Insurance results | (30.2) | (1.2) | (1.1) | (2.8)% | (96.2)% |
| Other expenses | (747.2) | (810.0) | (825.7) | 1.9% | 10.5% |
| Income before translation result and income tax | 632.5 | 568.4 | 611.4 | 7.6% | (3.3)% |
| Translation result | (15.3) | 5.3 | 8.7 | 66.2% | n.m. |
| Income tax | (127.1) | (117.5) | (158.8) | 35.1% | 24.9% |
| **Profit for the period** | **490.1** | **456.2** | **461.3** | **1.1%** | **(5.9)%** |
| Attributable to IFS' shareholders | 487.5 | 453.3 | 458.4 | 1.1% | (6.0)% |
| **EPS** | **4.25** | **3.95** | **4.00** |  |  |
| **ROE** | **18.2%** | **15.6%** | **15.1%** |  |  |
| **ROA** | **2.1%** | **1.9%** | **1.9%** |  |  |
| **Efficiency ratio** | **35.8%** | **38.9%** | **37.2%** |  |  |

---

**<u>Quarter-on-quarter performance</u>** 

Profits increased S/ 5.1 million QoQ, mainly due to a S/ 58.0 million increase in other income, which is mostly explained by increases from property valuation in our insurance business. Additionally, results were positively impacted by a reduction of S/ 28.3 million in loan provisions and a higher net interest income of S/ 20.0 million. These effects were partially offset by an increase of S/ 49.9 million in impairment on financial investments related to the exposure to Rutas de Lima in our insurance business, an increase of S/ 41.3 million in income tax and of S/ 15.7 million in other expenses.

The S/ 58.0 million increase in other income is mostly related to higher valuations on property from our insurance business. These effect was partially offset by lower mark-to-market valuations in our wealth management business.

The decrease of S/ 28.3 million in provisions was explained by a better performance of our retail loan portfolio and by the positive impact of the forward-looking models, which benefited our commercial portfolio. As a result, retail cost of risk stood at 3.7% and the commercial cost of risk was -0.2%, resulting in a total cost of risk of 1.8%, which is the lowest since 2023.

The S/ 20.0 million increase in net interest income was primarily driven by a S/ 25.2 million reduction in interest expenses, mainly explained by lower funding costs. This improvement reflects the inflow of retail deposits following the pension fund withdrawal, which strengthened our funding mix and contributed to a more efficient cost of funds.

The increase in impairment from financial investments of S/ 49.9 million was mainly explained by provisions made in our insurance business related to Rutas de Lima for S/ 127.9 million.

Finally, the S/ 41.3 million increase in income tax is related to the continuous increase in revenues QoQ, while the S/ 15.7 million increase in other expenses is mostly related to higher expenses at the bank level, which in turn are explained by higher technology and personnel expenses.

**<u>Year-on-year performance</u>**

Profits decreased by S/ 28.8 million YoY, primarily driven by a S/ 122.4 million increase on impairment of financial investments, as well as an increase of S/ 78.5 million in other expenses and S/ 31.7 million in income tax. These effects were partially offset by a reduction of S/ 91.1 million in provision expenses, as well as increases of S/ 29.1 million in insurance results, S/ 25.9 million in net interest and similar income, S/ 20.2 million in other income and S/ 13.3 million in fee income.

------

The increase in impairment from financial investments of S/ 122.4 million was explained mainly by provisions related to Rutas de Lima in our insurance business.

The S/ 78.5 million increase in other expenses was mostly due to higher expenses related to technology and salaries in our banking business. On the other hand, the increase in income tax was in turn related by to an increase of 19.3% in income before taxes in our banking business.

The S/ 91.1 million reduction in provision expenses was mainly explained by our disciplined approach to higher yielding loans, which represents 21.9% of the total loan book, along with the continued strong payment performance of our clients. Total cost of risk stood at 2.3% for 2025, which represents a reduction of 130 basis points compared to 2024.

The S/ 29.1 million increase in insurance results was mainly explained by higher short-term premiums, as well as an increase in CSM release due to adjustments in patterns.

The S/ 25.9 million increase in net interest and similar income was mostly explained by a S/ 33.2 million decrease in interest and similar expenses, reflected in a reduction of 20 basis points in the cost of funds, in turn related to the increase of 12.7% in efficient funding.

The increase of S/ 20.2 million in other income was mostly explained by higher valuation on property from our insurance business, as well as an increase in our banking business due to higher income from FX operations. These effects were partially offset by lower income from our wealth management business, explained by lower mark-to-market valuations.

The S/ 13.3 million increase in fee income was mainly driven by our banking business, supported by greater transactionality among our commercial and retail clients. In addition, our wealth management business also contributed to the increase, in line with a 16% YoY growth in assets under management.

**<u>CONTRIBUTION BY SEGMENTS</u>** 

The following table shows the contribution of Banking, Insurance and Wealth Management businesses to Intercorp Financial Services' net profit. The performance of each of the three segments is discussed in detail in the following sections.

**Intercorp Financial Services' Profit by segment**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **S/ million** | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Banking | 347.6 | 401.2 | 402.9 | 0.4% | 15.9% |
| Insurance | 75.8 | 37.9 | 63.3 | 66.8% | (16.5)% |
| Wealth Management | 71.6 | 52.3 | 24.4 | (53.4)% | (65.9)% |
| Corporate, eliminations and other subsidiaries | (4.8) | (35.3) | (29.2) | (17.3)% | n.m. |
| **IFS profit for the period** | **490.1** | **456.2** | **461.3** | **1.1%** | **(5.9)%** |

---

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**Interbank** 

**SUMMARY** 

**<u>2025 Performance</u>**

Interbank's profit was S/ 1,475 million in 2025, an increase of S/ 467.6 million, or 46.4% YoY.

**Banking Segment's P&L Statement**

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| | | | |
|:---|:---|:---|:---|
| S/ million | **2024** | **2025** | **%chg<br>24/23** |
| Interest and similar income | 5969.6 | 5815.7 | 27.3% |
| Interest and similar expense | (2217.2) | (1980.7) | 60.0% |
| **Net interest and similar income** | **3752.4** | **3835.0** | **12.6%** |
| Impairment loss on loans, net of recoveries | (1719.9) | (1136.7) | n.m. |
| Recovery (loss) due to impairment of financial investments | (1.0) | (0.0) | n.m. |
| **Net interest and similar income after impairment loss** | **2031.5** | **2698.3** | **(29.8)%** |
| Fee income from financial services, net | 791.8 | 884.6 | 2.0% |
| Other income | 513.5 | 620.2 | 4.1% |
| Other expenses | (2057.0) | (2249.1) | 1.0% |
| **Income before translation result and income tax** | **1279.9** | **1954.0** | **(39.7)%** |
| Translation result | (7.4) | 2.4 | (30.0)% |
| Income tax | (265.1) | (481.4) | (47.1)% |
| **Profit for the period** | **1007.4** | **1475.0** | **(37.7)%** |
| **ROE** | **12.2%** | **15.6%** |  |
| **Efficiency ratio** | **38.9%** | **41.1%** |  |
| **NIM** | **5.3%** | **5.2%** |  |
| **NIM on loans** | **7.9%** | **7.6%** |  |

---

The YoY increase was mainly driven by a reduction of S/ 583.2 million in provisions on loans, reflecting a better behavior across segments.

Other income showed an increase of S/ 106.7 million mostly due to higher income from FX transactions and higher valuation on investments.

Fee income from financial transactions showed an increase of S/92.8 million, which was mostly explained by higher fees from credit cards, due to higher transactionality.

The result also benefited from a S/ 82.6 million increase in net interest and similar income; in turn related to a decrease of 40 basis points in cost of funds, in line with an increase of 12.7% in efficient funding.

These effects were offset by the increase of S/ 216.3 million in income tax, which is due to the increase of 52.7% in revenues before taxes; and the S/ 192.1 million increase in other expenses.

Consequently, Interbank's ROE stood at 15.5% in 2025, higher than the 12.2% reported in 2024.

**<u>4Q24 Performance</u>**

Interbank'sprofit was S/ 402.9 million in 4Q25, increases of S/ 1.7 million, or 0.4% QoQ, and S/ 55.3 million, or 15.9% YoY.

The quarterly increase was mainly driven by a reduction of S/ 28.0 million in provisions, reflecting a stronger performance across segments.

The result also benefited from a S/ 16.5 million increase in net interest and similar income; in turn related to a decrease of 10 basis points in our funding cost. These effects where partially offset by a S/ 27.1 million increase in other expenses, which are related to higher salaries and technology related expenses and of S/ 16.2 million increase in income tax expenses.

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The annual performance in net profit was explained by S/ 91.0 million lower provisions, as well as increases in all income lines: of S/ 26.7 million in net interest and similar income, S/ 19.3 million in fee income and S/ 18.0 million in other income. These effects where partially offset by an increase of S/ 66.6 million in other expenses, as well as S/ 34.0 million in income tax.

Consequently, Interbank's ROE stood at 16.1% in 4Q25, lower than the 16.8% reported as of 3Q25 and higher than the 16.0% reported in 4Q24.

**Banking Segment's P&L Statement**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 1469.0 | 1467.2 | 1455.9 | (0.8)% | (0.9)% |
| Interest and similar expense | (511.9) | (499.9) | (472.0) | (5.6)% | (7.8)% |
| **Net interest and similar income** | **957.1** | **967.3** | **983.8** | **1.7%** | **2.8%** |
| Impairment loss on loans, net of recoveries | (319.7) | (256.7) | (228.7) | (10.9)% | (28.5)% |
| Recovery (loss) due to impairment of financial investments | 0.0 | 0.1 | 0.1 | n.m. | n.m. |
| **Net interest and similar income after impairment loss** | **637.4** | **710.6** | **755.2** | **6.3%** | **18.5%** |
| Fee income from financial services, net | 210.6 | 228.9 | 229.9 | 0.4% | 9.2% |
| Other income | 139.2 | 158.9 | 157.2 | (1.1)% | 12.9% |
| Other expenses | (528.8) | (568.3) | (595.4) | 4.8% | 12.6% |
| **Income before translation result and income tax** | **458.4** | **530.1** | **547.0** | **3.2%** | **19.3%** |
| Translation result | 1.2 | 1.0 | 1.9 | 90.7% | 57.4% |
| Income tax | (112.0) | (129.8) | (146.0) | 12.5% | 30.4% |
| **Profit for the period** | **347.6** | **401.2** | **402.9** | **0.4%** | **15.9%** |
| **ROE** | **16.0%** | **16.8%** | **16.1%** |  |  |
| **Efficiency ratio** | **38.2%** | **40.8%** | **42.3%** |  |  |
| **NIM** | **5.3%** | **5.2%** | **5.3%** |  |  |
| **NIM on loans** | **7.9%** | **7.7%** | **7.8%** |  |  |

---

**INTEREST-EARNING ASSETS** 

The quarterly increase in interest-earning assets was mainly explained by increases of 11.8% on cash and due from banks and inter-bank funds, 2.8% increase in financial investments and 0.7% increase in loans.

The YoY growth in interest-earning assets was attributed to an increase of 3.5% in loans, 9.0% on cash and due from banks and inter-bank funds and 6.9% on financial investments. Excluding the FX effect, interest-earning assets would have grown 7.0%.

**Interest-earning assets**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| Cash and due from banks and inter-bank funds | 11886.6 | 11592.1 | 12957.6 | 11.8% | 9.0% |
| Financial investments | 11187.5 | 11632.6 | 11960.4 | 2.8% | 6.9% |
| Loans | 47607.9 | 48936.2 | 49279.6 | 0.7% | 3.5% |
| **Total interest-earning assets** | **70682.0** | **72160.8** | **74197.5** | **2.8%** | **5.0%** |

---

**Loan portfolio**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| Performing loans |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | 24408.0 | 25211.9 | 25523.7 | 1.2% | 4.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | 22654.3 | 23109.5 | 23150.2 | 0.2% | 2.2% |
| **Total performing loans** | **47062.3** | **48321.4** | **48673.9** | **0.7%** | **3.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured and refinanced loans | 449.4 | 488.5 | 467.7 | (4.3)% | 4.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due loans | 1318.8 | 1272.4 | 1230.6 | (3.3)% | (6.7)% |
| **Total gross loans** | **48830.5** | **50082.4** | **50372.2** | **0.6%** | **3.2%** |
| Add (less) |  |  |  |  |  |
| Accrued and deferred interest | 507.4 | 519.8 | 498.3 | (4.1)% | (1.8)% |
| Impairment allowance for loans | (1730.0) | (1666.0) | (1590.9) | (4.5)% | (8.0)% |
| **Total direct loans, net** | **47607.9** | **48936.2** | **49279.6** | **0.7%** | **3.5%** |

---

------

Performing loans increased 0.7% QoQ, as retail loans increased 1.2% and commercial loans decreased 0.2%. However, excluding the FX effect, performing loans would have increased 1.6% approximately.

Retail loans increased 1.2% due to higher balances of 2.4% in mortgages and 2.3% in credit cards and personal loans, which continue to accelerate; these effects were partially offset by a 2.7% decrease in payroll deductible loans.

Commercial loans increased 0.2% and was mainly explained by increases in mid-sized and small businesses; partially offset by lower credits from corporate banking. However, excluding the FX impact, total commercial loans and corporate banking loans grew 1.8% and 0.6%respectively.

On the YoY analysis, performing loans increased 3.4%, explained by a 4.6% growth in retail and 2.2% in commercial loans. Excluding the FX impact, total loan growth would have been 6.5% and 8.2% for commercial banking.

The 4.6% increase in retail loans was mostly driven by a 7.9% increase in mortgages, as well as a 2.2% in credit cards and personal loans; these effects where partially offset by a 2.0% decrease in payroll deductible loans. Credit cards and personal loans represent 18.3% of the total loan book.

The 2.2% growth in commercial loans was explained by a double-digit growth in small businesses of 25.4% and a growth of 3.7% in mid-sized companies; loans to corporates showed a reduction of 0.1%, but when adjusting the FX impact, it would have been 5.5%.

**Breakdown of retail loans**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| **Consumer loans:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards & other loans | 8494.0 | 8711.4 | 8915.7 | 2.3% | 5.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll deduction loans(1) | 5693.5 | 5735.0 | 5581.8 | (2.7)% | (2.0)% |
| **Total consumer loans** | **14187.5** | **14446.4** | **14497.5** | **0.4%** | **2.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 10220.4 | 10765.4 | 11026.2 | 2.4% | 7.9% |
| **Total retail loans** | **24408.0** | **25211.9** | **25523.7** | **1.2%** | **4.6%** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Payroll deduction loans to public sector employees.

**Market share in loans**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **4Q24** | **3Q25** | **4Q25** | **bps QoQ** | **bps YoY** |
| Total consumer loans | 20.2% | 19.6% | 19.2% | -40 | -100 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 16.1% | 16.1% | 16.2% | +10 | +10 |
| **Total retail loans** | **18.2%** | **17.9%** | **17.8%** | **-10** | **-40** |
| **Total commercial loans** | **11.1%** | **11.2%** | **11.1%** | **-10** | **0** |
| **Total loans** | **14.0%** | **13.9%** | **13.8%** | **-10** | **-20** |

---

**FUNDING STRUCTURE** 

**Funding structure**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| Deposits and obligations | 51144.4 | 51193.3 | 53667.2 | 4.8% | 4.9% |
| Due to banks and correspondents and inter-bank funds | 6963.7 | 7451.2 | 6783.1 | (9.0)% | (2.6)% |
| Bonds, notes and other obligations | 4669.1 | 4514.2 | 4289.7 | (5.0)% | (8.1)% |
| **Total** | **62777.2** | **63158.7** | **64740.0** | **2.5%** | **3.1%** |
| % of funding |  |  |  |  |  |
| Deposits and obligations | 81.5% | 81.1% | 82.9% |  |  |
| Due to banks and correspondents and inter-bank funds | 11.1% | 11.8% | 10.5% |  |  |
| Bonds, notes and other obligations | 7.0% | 7.1% | 6.6% |  |  |

---

The bank's total funding base increased 2.5% QoQ. This was explained by a 4.8% increase in deposits and obligations, mostly due to the capture of retail deposits from the pension funds withdrawal; partially offset by a 9.0% decrease in due to banks and inter-bank funds and a 5.0% decrease in bonds, notes and other obligations.

------

The quarterly increase in deposits of S/ 2,473.9 million was mostly explained by an 8.7% increase in retail deposits, in turn related to the capture of retail deposits from the pension funds withdrawals. By type, savings deposits increased 9.8% and demand deposits 5.1% respectively. Efficient funding stood at 39.5% as of December 2025.

As a result, the bank deposit composition was 25% demand deposits, 41% savings deposits and 34% time deposits.

The bank's total funding increased by 3.1% YoY. This was explained by a 4.9% increase in deposits and obligations; partially offset by decreases of 2.6% in due to banks and correspondents and inter-bank funds and of 8.1% in bonds, notes and other obligations, with the latter mainly impacted by the exchange rate depreciation.

The annual increase in deposits of S/ 2,155.0 million was mainly due to increases of 8.2% in retail deposits and 2.2% in commercial deposits; partially offset by a 6.3% increase in institutional deposits. By type, saving deposits showed an increase of 13.0% and demand deposits showed a 3.2%; partially offset by a decrease of 2.3% in time deposits. The bank is strongly focus in promoting its efficient funding, which increased 12.7% YoY.

As of december 31, 2025, the proportion of deposits and obligations to total funding was 82.9%, higher than the 81.5% reported in 4Q25.

**Breakdown of deposits**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| By customer service: |  |  |  |  |  |
| Retail | 26154.2 | 26052.1 | 28309.2 | 8.7% | 8.2% |
| Commercial | 15755.5 | 15891.9 | 16109.8 | 1.4% | 2.2% |
| Institutional | 8738.1 | 8745.5 | 8744.9 | (0.0)% | 0.1% |
| Other | 496.6 | 503.8 | 503.4 | (0.1)% | 1.4% |
| **Total** | **51144.4** | **51193.3** | **53667.2** | **4.8%** | **4.9%** |
| By type: |  |  |  |  |  |
| Demand | 13177.0 | 12945.3 | 13599.4 | 5.1% | 3.2% |
| Savings | 19412.1 | 19979.1 | 21935.2 | 9.8% | 13.0% |
| Time | 18548.5 | 18252.1 | 18125.6 | (0.7)% | (2.3)% |
| Other | 6.7 | 16.7 | 7.0 | (57.9)% | 5.0% |
| **Total** | **51144.4** | **51193.3** | **53667.2** | **4.8%** | **4.9%** |

---

**Market share in deposits**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **4Q24** | **3Q25** | **4Q25** | **bps QoQ** | **bps YoY** |
| Retail deposits | 14.6% | 14.4% | 14.4% | 0 | -20 |
| Commercial deposits | 12.6% | 12.5% | 12.7% | +20 | +10 |
| **Total deposits** | **13.6%** | **13.4%** | **13.6%** | **+20** | **0** |

---

**NET INTEREST AND SIMILAR INCOME** 

**Net interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and similar income | 1469.0 | 1467.2 | 1455.9 | (0.8 | (0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and similar expense | (511.9) | (499.9) | (472.0) | (5.6 | (7.8 |
| **Net interest and similar income** | **957.1** | **967.3** | **983.8** | **1.7** | **2.8** |
| **NIM** | **5.3%** | **5.2%** | **5.3%** | **10** | **0** |

---

**Interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Interest and similar income | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar income** |  |  |  |  |  |
| Due from banks and inter-bank funds | 78.6 | 60.3 | 59.3 | (1.7 | (24.6 |
| Financial investments | 132.0 | 140.2 | 134.5 | (4.1 | 1.9 |
| Loans | 1258.4 | 1266.6 | 1262.0 | (0.4 | 0.3 |
| **Total Interest and similar income** | **1469.0** | **1467.2** | **1455.9** | **(0.8** | **(0.9** |
| Average interest-earning assets | 72685.4 | 74173.5 | 74807.6 | 0.9 | 2.9 |
| Average yield on assets (annualized) | 8.1% | 7.9% | 7.8% | -10 | -30 |

---

------

**Interest and similar expense**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Interest and similar expense | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar expense** |  |  |  |  |  |
| Deposits and obligations | (334.9) | (315.8) | (299.7) | (5.1 | (10.5 |
| Due to banks and correspondents and inter-bank funds | (110.9) | (101.8) | (101.4) | (0.4 | (8.5 |
| Bonds, notes and other obligations | (66.1) | (82.3) | (70.9) | (13.8 | 7.3 |
| **Total Interest and similar expense** | **(511.9)** | **(499.9)** | **(472.0)** | **(5.6** | **(7.8** |
| Average interest-bearing liabilities | 63261.7 | 63935.1 | 63949.3 | 0.0 | 1.1 |
| Average cost of funding (annualized) | 3.2% | 3.1% | 3.0% | -10 | -20 |

---

Net interest and similar income increased 1.7% QoQ and 2.8% YoY, with NIM increasing 10pbs QoQ, in line with the QoQ reduction of 10 bps in the cost of funds.

Risk-adjusted NIM increased by 20bps QoQ and 50bps YoY, in line with a lower cost of risk, explained by a better payment behavior of the retail portfolio and a consistent disciplined performance of commercial portfolio.

<u>QoQ Performance</u>

Net interest and similar income decrease was mainly explained by a 4.1% decrease in interest on financial investments, a 0.4% decrease in interest on loans and a 1.7% decrease in due from banks and inter-bank funds.

Interest on loans decreased S/ 4.6 million QoQ, or 0.4%, explained by a 10 basis points decrease in the average yield, partially offset by a 0.3% increase in the average volume.

The higher average volume of loans was attributed to a 1.6% increase in retail loans, partially offset by a 0.9% decrease in commercial loans. In the retail portfolio, the average balances of mortgages increased by 2.4%, credit cards by 3.4%, and personal loans by 1.6%, these effects were partially offset by a reduction of 0.7% in payroll deductible loans. In the commercial portfolio, average balances of trade finance loans showed a decrease of 16.1%; while working capital loans and leasing operations showed increases of 0.4% and 3.2%, respectively.

The 10 basis points decrease in the average yield, from 10.0% to 9.9%, was explained by lower yields on commercial loans.

Interest on financial investments decreased S/ 5.7 million QoQ, or 4.1%, explained by an increase of 10 basis points in the average yield, and of 0.5% in the average volume.

Interest on due from banks and inter-bank funds decreased S/ 1.0 million QoQ, or 1.7%, explained by a decrease in the average yield of 20 basis points.

The nominal average yield on interest-earning assets remained stable at 7.9%.

The lower interest and similar expense was due to reductions of 5.0% in deposits and obligations, 13.8% in bonds, notes and other obligations, and 0.4% in due to banks and correspondents.

Interest on deposits and obligations decreased S/ 16.1 million QoQ, or 5.0% explained by a 20 basis points reduction in the average cost, while the average volume increased 1.6%. The reduction in the average cost was in commercial and retail clients; while the increase in the average volume was mostly explained by a 4.4% increase in retail deposits.

The reduction is also explained by efficient funding initiatives, which resulted in a total of 39.5% of the total funding; in turn related to the capture of retail deposits from the pension fund withdrawal.

Interest on bonds, notes, and other obligations showed a decrease of 13.8%, or S/ 11.4 million, which was mostly explained by a decrease of 13.0% in the average volume, as well as a decrease of 10 basis points in the average cost.

Interest on due to banks and correspondents decreased S/ 0.4 million QoQ, or 0.4%, explained by a 2.0% decrease in the average volume, which was partially offset by 10 basis points increase in the average cost.

As a result, the average cost of funding decreased 10 basis points from 3.1% in 3Q25 to 3.0% in 4Q25, and net interest margin was 5.3% in 4Q25, 10 basis points higher than the 5.2% of the 3Q25.

------

<u>YoY Performance</u>

Net interest and similar income reduction was mainly explained by a decrease of 24.6% in interest on due from banks and inter-bank funds; partially offset by increases of 0.2% in interest on loans and 1.9% in interest on financial investments.

Interest on due from banks and inter-bank funds decreased S/ 19.3 million, mostly due to a 60 basis points reduction in the average yield, in turn related to a 125 basis points reduction in the central bank reference rate, as well as a 2.7% decrease in the average volume.

Interest on loans increased by S/ 3.6 million YoY, explained by an increase of 3.7% in the average volume (6.4% excluding FX impact). This effect was partially offset by a reduction of 40 basis points in the average yield, in turn related to the loan mix.

The higher average volume of loans was attributed to growth of 4.0% in the average volume of retail loans and 4.1% in the average volume of commercial loans (8.7% excluding the FX impact). In the retail portfolio, average volumes increased 7.6% in mortgages, 6.7% in credit cards, 2.7% in personal loans; partially offset by a 2.1% reduction in payroll deductible loans. In commercial loans, average volumes increased 3.4% in working capital loans, as well as 5.9% in leasing operations; partially offset by a decreased 13.4% in trade finance loans.

Interest on financial investments increased S/ 2.5 million YoY, explained mainly by a 1.2% increase in the average volume.

As a result, the nominal average yield on interest-earning assets lowered 30 basis points to 7.9% in 3Q25, from 8.2% in 3Q24.

The lower interest and similar expense was due to a decrease of 10.5% in deposits and obligations, and of 8.5% in due to banks and correspondents and interbank funds; these effects were partially offset by an increase of S/ 7.3% in bonds, notes and other obligations.

The decrease in interest on deposits and obligations of S/ 35.2 million soles was explained by 30 basis point decrease in the average cost, from 2.6% in 4Q24 to 2.3% in 4Q25, which reflects the impacts of the efficient and short-term funding policy of the bank, as well as the 75bps reduction in the central bank reference rate. This effect was partially compensated by a 2.3% increase in the average volume, which showed increases of 3.1% in institutional deposits and retail deposits, as well as a 0.5% increase in commercial deposits.

Interest on due to banks and correspondents decreased mainly as a result of 30 basis points reduction in the average cost, as well as a 4.2% reduction in the average volume.

Interest on bonds, notes and other obligations increased S/ 4.8 million YoY, mainly explained by a 70 basis point increase in the average cost, partially offset by a 3.9% reduction in the average volume.

As a result, the average cost of funding decreased 20 basis points from 3.2% in 4Q24 to 3.0% in 4Q25; and net interest margin was 5.3% in 4Q25, stable compared with 4Q24.

**IMPAIRMENT LOSS ON LOANS, NET OF RECOVERIES**

Reported cost of risk was 1.8% for the 4Q25. Quarterly and yearly performance is mostly explained by decreases of 30 basis points and 150 basis points respectively, in the retail loan book, which in turn is related to a better payment behavior of our clients. Commercial cost of risk remained stable, QoQ and YoY.

**Impairment loss on loans, net of recoveries**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Impairment loss on loans, net of recoveries | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Impairment loss on loans, net of recoveries | (319.7) | (256.7) | (228.7) | (10.9 | (28.5 |
| Impairment loss on loans/average gross loans | 2.6% | 2.1% | 1.8% | -30 | -80 |
| S3 NPL ratio (at end of period) | 2.5% | 2.4% | 2.3% | -10 | -20 |
| S3 NPL coverage ratio (at end of period) | 140.2% | 140.5% | 139.2% | -130 | n.m. |
| Impairment allowance for loans | 1730.0 | 1666.0 | 1590.9 | (4.5 | (8.0 |

---

<u>QoQ performance</u>

Impairment loss on loans, net of recoveries, decreased 4.5% QoQ.

The quarterly performance was explained by lower provision requirements across retail and commercial loan book.

------

Cost of risk was 1.8% in the 4Q25, and is composed by a 3.7% in retail, which is the lowest since 2023, and -0.2% in commercial. This is explained by the continuous good payment behavior in retail and commercial clients.

The S3 NPL ratio stood at 2.3%. The S3 NPL coverage ratio was 139.2% as of December 31, 2025, lower than the 140.5% as of September 30, 2025, within our risk appetite.

<u>YoY performance</u>

Impairment loss on loans, net of recoveries decreased 8.0% YoY.

The YoY performance was driven by lower provision requirements in the retail loan book, reflecting strong payment behavior. Additionally, the commercial portfolio continued to show disciplined payment performance.

Cost of risk of retail segment was the lowest since 2023, and decreased 150 basis points YoY, while commercial cost of risk was stable at -0.2%.

The S3 NPL ratio decreased YoY, from 2.5% in 4Q24 to 2.3% in 4Q25. The S3 NPL coverage ratio was 139.2% as of December 31, 2025, lower than the 140.2% as of December 31, 2024, within our risk appetite.

**FEE INCOME FROM FINANCIAL SERVICES, NET** 

Net fee income from financial services showed a S/ 1.0 million QoQ increase, or 0.4%, primarily driven by higher commissions on credit cards, in turn related to an increase in transactionality. This effect was offset by a S/ 4.4 million reduction in commissions from banking services and a S/ 8.5 increase in other expenses.

Net fee income from financial services increased by S/ 19.3 million YoY, or 9.2%, primarily reflecting stronger banking and credit card fee commissions, supported by improved economic momentum. This increase was partially offset by a S/ 12.5 million higher other expenses, which was a key driver of the 11.2% YoY increase in total expenses.

**Fee income from financial services, net**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fee income from financial services, net | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions from credit card services | 115.1 | 116.6 | 128.1 | 9.8% | 11.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions from banking services | 84.2 | 101.1 | 96.7 | (4.3)% | 14.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance and mailing of accounts, transfer fees and commissions on debit card services | 83.0 | 85.5 | 89.3 | 4.5% | 7.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees from indirect loans | 16.5 | 17.8 | 15.1 | (15.0)% | (8.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collection services | 13.5 | 12.8 | 12.8 | (0.2)% | (5.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 6.9 | 7.5 | 8.6 | 15.1% | 25.4% |
| **Total income** | **319.2** | **341.3** | **350.7** | **2.7%** | **9.9%** |
| **Expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance | (18.9) | (18.0) | (17.2) | (4.3)% | (8.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees paid to foreign banks | (6.2) | (6.9) | (7.6) | 8.9% | 21.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (83.5) | (87.5) | (96.0) | 9.7% | 14.9% |
| **Total expenses** | **(108.6)** | **(112.5)** | **(120.8)** | **7.4%** | **11.2%** |
| **Fee income from financial services, net** | **210.6** | **228.9** | **229.9** | **0.4%** | **9.2%** |

---

**OTHER INCOME** 

Other income decreased by S/ 1.7 million QoQ, or 1.1%, mainly driven by a S/ 13.0 million reduction in net gains from the sale of financial investments. This was partly offset by stronger net gains from foreign exchange transactions of S/ 5.2 millions and a S/ 6.1 million increase in other items.

Other income increased by S/ 18.0 million YoY, or 12.9%, mainly due to higher net gains from financial investments, particularly from sovereign bonds sales. Net gains from foreign exchange transactions and on financial assets also increased by S/ 14.8 million. These gains were partially offset by an S/ 11.3 million decrease in other items.

------

**Other income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other income | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Net gain on foreign exchange transactions and on financial assets at fair value through profit or loss | 106.2 | 115.8 | 121.0 | 4.5% | 14.0% |
| Net gain on sale of financial investments | 1.0 | 28.4 | 15.4 | (45.8)% | n.m. |
| Other | 32.1 | 14.7 | 20.8 | 41.2% | (35.2)% |
| **Total other income** | **139.2** | **158.9** | **157.2** | **(1.1)%** | **12.9%** |

---

**OTHER EXPENSES** 

Other expenses increased by S/ 27.1 million QoQ, or 4.8%, due to an increase of S/ 25.2 million in administrative expenses, including technology expenses.

Other expenses increased by S/ 66.6 million YoY, or 12.6%, mainly driven by higher salaries and employee benefits of S/ 26.0 million, an increase of S/ 46.3 million in administrative expenses, and a S/ 9.6 million rise in depreciation and amortization.

**Other expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other expenses | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (174.7) | (203.3) | (200.7) | (1.2 | 14.9 |
| Administrative expenses | (253.1) | (274.2) | (299.4) | 9.2 | 18.3 |
| Depreciation and amortization | (70.9) | (75.9) | (80.5) | 6.0 | 13.5 |
| Other | (30.1) | (15.0) | (14.7) | (1.6 | (51.0 |
| **Total other expenses** | **(528.8)** | **(568.3)** | **(595.4)** | **4.8** | **12.6** |
| **Efficiency ratio** | **38.2%** | **40.8%** | **42.3%** | **150** | **410** |

---

**REGULATORY CAPITAL** 

The bank's total capital ratio was 16.0%% as of 4Q25, above the 15.8% reported in 3Q25 and the 15.9% recorded in 4Q24.

Core Equity Tier 1 (CET1) stood at 12.5%, above the 12.1% registered in 3Q25 and the 12.3% reported as of 4Q24. Both ratios are significantly exceeding their limits plus additional buffers and capital allocated to cover additional risks, as required by the SBS.

In December 2022, the Superintendenciade Banca, Segurosy AFP (SBS) issued Resolution No. 03952-2022, establishing that starting March 1, 2023, the global limit would remain at 8.5%, following a progressive adjustment schedule until March 2024, when the limit would increase to 10.0%. This deadline was later modified with Resolution No. 274-2024, published in January 2024, being the latest valid modification. This resolution set the final implementation deadline for the global limit to March 2025.

As of 4Q25, risk-weighted assets (RWA) increased by 0.5% QoQ, driven by higher capital requirements for credit risk. The higher credit-risk RWA was mainly attributable to an increase in loan RWA. Meanwhile, regulatory capital rose by 1.9% QoQ, supported by 4Q25 net income.

The minimum total capital ratio requirement is 10%. In addition, the regulator requires extra capital buffers for other additional risks. As of 4Q25, the total additional buffer requirement stood at 3.6%, resulting in an overall regulatory requirement of 13.6%.

The YoY increase in the capital ratio was driven by an 8.2% increase in regulatory capital, partially offset by 7.5% higher risk-weighted assets (RWA). The increase in RWA reflected higher credit-risk capital requirements, explained by stronger loan growth in the corporate and mortgage portfolios.

The YoY movement in regulatory capital was mainly the result of the capitalization from the 2024 earnings, 2025 net income, and an improvement in the unrealized result of the available-for-sale investment portfolio.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Regulatory capital | **Dec 24** | **Sep 25** | **Dec 25** | **%chg<br>Dec 25/<br>Sep 25** | **%chg<br>Dec 25/<br>Dec 24** |
| Tier I capital | 7892.4 | 8335.5 | 8641.3 | 3.7% | 9.5% |
| Tier II capital | 2346.9 | 2533.0 | 2434.8 | (3.9)% | 3.7% |
| Total regulatory capital | 10239.3 | 10868.5 | 11076.1 | 1.9% | 8.2% |
| Risk-weighted assets (RWA) | 64308.3 | 68810.0 | 69130.0 | 0.5% | 7.5% |
| **Total capital ratio** | **15.9%** | **15.8%** | **16.0%** | **+20pbs** | **+10pbs** |
| **Tier I capital / RWA** | **12.3%** | **12.1%** | **12.5%** | **+30pbs** | **+20pbs** |
| **CET1** | **12.3%** | **12.1%** | **12.5%** | **+40pbs** | **+20pbs** |

---

(1) Under the new SBS regulation on solvency, in effect from January 1st, 2023 onwards, CET1 is part of the Total capital ratio, in line with Basel III guidelines.

------

**Interseguro**

**SUMMARY**

**<u>2025 Performance</u>**

Interseguro'sprofits reached S/ 274.5 million in 2025 an increase of S/ 72.6 million, or 36.0%, compared to 2024.

**Insurance Segment's P&L Statement**

---

| | | | |
|:---|:---|:---|:---|
|  | **2024** | **2025** | **%chg<br>25/24** |
| Interest and similar income | 871.0 | 921.8 | 5.8% |
| Interest and similar expenses | (153.5) | (184.5) | 20.2% |
| **Net interest and similar income** | **717.5** | **737.3** | **2.8%** |
| Recovery (loss) due to impairment of financial investments | (45.9) | (264.1) | n.m. |
| **Net interest and similar income after impairment loss** | **671.6** | **473.2** | **-29.5%** |
| Fee income from financial services, net | (10.6) | (12.6) | 18.8% |
| Insurance results | (169.8) | (47.8) | -71.9% |
| Other income | 121.2 | 272.0 | n.m. |
| Other expenses | (401.2) | (446.0) | 11.2% |
| **Income before translation result and income tax** | **211.3** | **238.8** | **13.0%** |
| Translation result | (9.4) | 35.7 | n.m. |
| **Profit for the period** | **201.9** | **274.5** | **36.0%** |
| **ROE** | **41.6%** | **39.4%** |  |
| **Efficiency ratio** | **13.8%** | **11.2%** |  |

---

The annual performance in net profit was mainly explained by an increase of S/ 150.8 million in other income, in turn related to higher mark-to-market valuations mainly on real state. An Improvement of S/ 122.0 million in Insurance results, due to higher CSM release in life and annuities and better-than-expected results from the D&S portfolio acquired through a two-year bidding process from the Peruvian private pension system.

Also, increases of S/ 45.1 million in Translation Result, in line with the FX trend and of S/ 19.8 million in net interest and similar income, mainly related to higher dividends received. These effects were partially offset by losses due to impairment of financial investments in Rutas de Lima and Telefónica del Peru of S/218.2 million. As of December 2025, Rutas de Lima has been provisioned by ~80%, hence our exposure net of impairments is around S/74 million or $22 million USD equivalent.

As a result, Interseguro'sROE was 39.5% for 2025 compared to the 41.6% registered in 2024.

**<u>4Q24 Performance</u>**

Interseguro'sprofits reached S/ 63.3 million in 4Q25, a quarterly increase of S/ 25.4 million, or 66.8%, and a decrease of S/ 12.5 million, or 16.5%, compared to 4Q24.

The quarterly growth was mainly explained by increases of S/ 64.9 million in other income, mainly explained by higher valuations on real state, and a S/ 5.6 million increase in net interest and similar income. These effects were partially offset by an increase in loss due to impairment of financial investments, related to Rutas de Lima.

The annual decrease in net profit was mainly explained by an increase of S/ 123.0 million in loss due to impairment of financial investments associated to Rutas de Lima. This effect was partially offset by a S/ 74.3 million increase in other income, mainly explained by a net gain on valuation of real state and a S/ 29.1 million increase in insurance results mainly due to the acquisition of a D&S portfolio and higher CSM release.

As a result, Interseguro's ROE was 32.5% for 4Q25 compared to the 22.3% and 66.5% registered in 3Q25 and 4Q24, respectively.

------

**Insurance Segment's P&L Statement**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 212.6 | 216.3 | 226.3 | 4.6% | 6.4% |
| Interest and similar expenses | (36.5) | (43.2) | (47.6) | 10.2% | 30.4% |
| **Net interest and similar income** | **176.1** | **173.1** | **178.7** | **3.3%** | **1.5%** |
| Recovery (loss) due to impairment of financial investments | (4.0) | (77.7) | (126.5) | 62.9% | n.m. |
| **Net interest and similar income after impairment loss** | **172.1** | **95.4** | **52.2** | **(45.3)%** | **(69.7)%** |
| Fee income from financial services, net | (2.7) | (3.4) | (2.9) | (15.2)% | 4.1% |
| Insurance results | (30.2) | (1.2) | (1.1) | (2.8)% | (96.2)% |
| Other income | 45.5 | 54.9 | 119.8 | n.m. | n.m. |
| Other expenses | (98.9) | (112.6) | (111.3) | (1.1)% | 12.6% |
| **Income before translation result and income tax** | **85.7** | **33.2** | **56.6** | **70.9%** | **(33.9)%** |
| Translation result | (9.9) | 4.8 | 7.1 | 48.4% | n.m. |
| **Profit for the period** | **75.8** | **37.9** | **63.8** | **68.1%** | **(15.8)%** |
| **ROE** | **66.5%** | **22.3%** | **32.5%** |  |  |
| **Efficiency ratio** | **12.7%** | **12.3%** | **9.6%** |  |  |

---

**RESULTS FROM INVESTMENTS** 

**Results from Investments** <sup>(1)</sup>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Results from Investments (1) | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 212.6 | 216.3 | 226.3 | 4.6% | 6.4% |
| Interest and similar expenses | (20.7) | (20.1) | (18.7) | (6.6)% | (9.3)% |
| **Net interest and similar income** | **191.9** | **196.2** | **207.6** | **5.8%** | **8.1%** |
| Recovery (loss) due to impairment of financial investments | (4.0) | (77.7) | (127.0) | 63.5% | n.m. |
| **Net Interest and similar income after impairment loss** | **187.9** | **118.5** | **80.5** | **(32.1)%** | **(57.2)%** |
| Net gain (loss) on sale of financial investments | 8.3 | 6.1 | 15.9 | n.m. | 92.9% |
| Net gain (loss) on financial assets at fair value through profit or loss | (12.7) | 19.2 | 8.5 | (55.8)% | n.m. |
| Rental income | 17.8 | 19.7 | 23.4 | 18.8% | 31.5% |
| Gain on sale of investment property | 0.0 | 0.0 | 0.0 | n.m. | n.m. |
| Valuation gain (loss) from investment property | 30.8 | (0.2) | 73.2 | n.m. | n.m. |
| Other(1) | (5.1) | (3.8) | (3.1) | (19.2)% | (39.6)% |
| **Other income** | **39.2** | **40.9** | **117.9** | **n.m.** | **n.m.** |
| **Results from investments** | **227.1** | **159.5** | **198.4** | **24.4%** | **(12.6)%** |

---

(1) Only includes transactions related to investments.

**NET INTEREST AND SIMILAR INCOME** 

Net interest and similar income related to investments was S/ 207.6 million in 4Q25, an increase of S/ 11.4 million QoQ, or 5.8%, and of S/ 15.7 million YoY, or 8.1%.

Both quarterly and annual performance were mainly driven by higher interest and similar income, which increased by S/ 10.0 million for the quarter and S/ 13.7 million for the year. This was primarily attributable to interest earned on inflation-indexed bonds and a larger fixed-income portfolio, reflecting business growth.

**RECOVERY (LOSS) DUE TO IMPAIRMENT OF FINANCIAL INVESTMENTS** 

Loss due to impairment of financial investments totaled S/ 127.0 million in 4Q25, primarily related to Rutas de Lima (RdL), in line with 3Q25 which recorded a S/ 77.7 million loss. In contrast, 4Q24 registered a loss of S/ 4.0 million, mainly associated with accrued interest and impaired bond payments.

**OTHER INCOME** 

------

Other income related to investment was S/ 117.9 million in 4Q25, an increase of S/ 77.0 million QoQ and S/ 78.7 million YoY.

The quarterly increase was explained by a S/ 73.4 million improvement in valuation gain from real state investments. This was partially offset by a decrease of S/ 10.7 million in net loss on financial assets at fair value through profit or loss.

The annual increase was explained mainly by S/ 42.4 million increase in valuation gain from real state investments, mainly due to changes in market discount rates and S/ 21.2 million in net gain on financial assets at fair value due to a higher valuation of investment funds.

**INSURANCE RESULTS** 

**Insurance Results**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Insurance Results | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Insurance Income | 192.1 | 265.8 | 316.0 | 18.9% | 64.5% |
| Insurance Expenses | (222.4) | (267.0) | (317.1) | 18.8% | 42.6% |
| **Insurance results** | **(30.2)** | **(1.2)** | **(1.1)** | **n.m.** | **-96.4%** |

---

**INSURANCE INCOME** 

**Insurance Results**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Insurance Results | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Annuities | (123.9) | (96.5) | (133.4) | 38.2% | 7.7% |
| Individual Life | 36.5 | 25.5 | 54.0 | n.m. | 47.9% |
| Retail insurance | 57.1 | 69.9 | 78.3 | 12.0% | 37.1% |
| **Insurance Results** | **(30.2)** | **(1.2)** | **(1.1)** | **(2.8)%** | **(96.2)%** |

---

QoQ performance

Insurance results increased S/ 0.1 million QoQ mostly due to a growth of S/ 28.5 million in individual life and S/ 8.4 in retail insurance, partially offset by a decrease of S/ 36.9 million in annuities.

The quarterly growth in individual life and retail insurance was mainly due to adjustments in CSM release patterns for long term contracts.

YoY performance

Insurance results increased S/ 29.1 million YoY, mostly due to an increase of S/ 21.2 million in retail insurance and S/ 17.5 million in individual life, partially offset by a decrease of S/ 9.5 million in annuities.

The increases in retail insurance and individual life are mainly explained by both higher short-term premiums and higher CSM release due to adjustments in CSM release patterns.

**LONG-TERM INSURANCE**

CSM Stock increased 1.0% QoQ and 21.8% YoY.

The quarterly decrease in individual life was driven by an adjustment in CSM release patterns, which accelerated profit recognition . Also, both quarterly and annual performance reflect higher annuities and credit life CSM, driven by increased premiums.

**OTHER EXPENSES** 

------

**Other Expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other Expenses | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (29.4) | (33.5) | (35.6) | 6.1% | 21.1% |
| Administrative expenses | (16.9) | (21.4) | (18.0) | (15.9)% | 6.4% |
| Depreciation and amortization | (5.8) | (5.3) | (5.3) | (0.2)% | (8.3)% |
| Expenses related to rental income | (3.9) | (3.0) | (2.8) | (4.7)% | (27.6)% |
| Other | (42.9) | (49.4) | (49.6) | 0.4% | 15.6% |
| **Other expenses** | **(98.9)** | **(112.6)** | **(111.3)** | **(1.1)%** | **12.6%** |

---

------

**Inteligo**

**SUMMARY**

**<u>2025 Performance</u>**

Inteligo reported a net profit of S/ 231.1 million in 2025, an increase of S/ 93.8 million compared to the previous year.

This growth was primarily driven by higher mark-to-market gains on proprietary portfolio investments, which increased by S/ 77.3 million, as well as a S/ 25.0 million increase in fee income. The latter was mainly supported by the strong performance of Interfondos, the local mutual fund subsidiary, whose revenues grew in line with a 31.9% expansion in assets under management (AUM). These positive effects were partially offset by an S/ 8.2 million decrease in net interest and similar income, mainly due to lower yields on due from banks and inter-bank fund and loans.

From a business development perspective, Inteligo'sclient acquisition initiatives continued to yield solid results, reflected in sustained growth in new account openings and AUM across both Private Wealth Management and mutual funds, as well as the acquisition of Veltria, a firm focused on supporting high-net-worth families. As of December 31, 2025, total AUM increased 17.2% year-over-year.

Inteligo'sreturn on equity (ROE) stood at 21.5% in 2025, higher than 14.2% reported in 2024.

**Wealth Management Segment's P&L Statement**

---

| | | | |
|:---|:---|:---|:---|
| S/ million | **2024** | **2025** | **%chg<br>25/24** |
| Interest and similar income | 178.2 | 160.1 | (10.2)% |
| Interest and similar expenses | (108.5) | (98.6) | (9.1)% |
| **Net interest and similar income** | **69.7** | **61.5** | **(11.8)%** |
| Impairment loss of loans, net of recoveries | (0.3) | 0.0 | (107.7)% |
| Recovery (loss) due to impairment of financial investments | (0.6) | 0.4 | (164.3)% |
| **Net interest and similar income after impairment loss** | **68.8** | **61.9** | **(10.1)%** |
| Fee income from financial services, net | 171.0 | 196.0 | 14.6% |
| Other income | 85.2 | 162.5 | 90.7% |
| Other expenses | (175.5) | (175.3) | (0.1)% |
| **Income before translation result and income tax** | **149.5** | **245.1** | **63.9%** |
| Translation result | (2.1) | (1.1) | (44.9)% |
| Income tax | (10.1) | (12.8) | 26.7% |
| **Profit for the period** | **137.3** | **231.1** | **68.3%** |
| **ROE** | **14.2%** | **21.5%** |  |
| **Efficiency ratio** | **60.4%** | **47.8%** |  |

---

**<u>4Q24 Performance</u>**

Inteligo's net profit was S/ 24.4 million in 4Q25, reflecting a QoQ reductionof S/ 27.9 million, and a S/ 47.2 million decline compared to the same period last year.

The quarterly performance was mainly impacted by a negative effect in income tax of S/ 18.6 due to a positive impact in the previous quarter, stemming from the reversal of previously recognized tax provisions at Inteligo Bank. Other effects include a S/ 4.3 million increase in other expenses, mainly driven by higher personnel-related costs, and lower mark-to-market profits on proprietary portfolio investments, which decreasedby S/ 4.1 million QoQ due to a higher appreciation of fintech and tech-enabled financial platform positions during the third quarter.

The YoYperformance was impacted by a S/ 54.2 million decrease in fee income from financial services, primarily due to a decline in mark-to-market profits on proprietary investments. This effect was partially offset by a S/ 5.8 million decrease in other expenses, mainly due to lower personnel-related costs, and a S/ 3.4 increase in fee income, due to higher revenues from the local mutual fund's subsidiary.

From a business development standpoint, Inteligo'sclient acquisition efforts continued to deliver solid results, reflected in growth in new account openings and assets under management (AUM) across both Private Wealth Management and mutual, as well as the acquisition of Veltria, a firm focused on supporting high-net-worth families.

------

As of December 31, 2025, AUM increased by 5.8% QoQ and 17.2% YoY.Inteligo'sreturn on equity (ROE) stood at 8.9% in 4Q25, lower than 19.3% reported in 3Q25.

**Wealth Management Segment's P&L Statement**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 42.3 | 39.7 | 36.7 | (7.4)% | (13.1)% |
| Interest and similar expenses | (26.6) | (25.9) | (23.5) | (9.3)% | (11.6)% |
| **Net interest and similar income** | **15.7** | **13.7** | **13.2** | **(3.7)%** | **(15.6)%** |
| Impairment loss of loans, net of recoveries | 0.0 | (0.1) | 0.2 | n.m. | n.m. |
| Recovery (loss) due to impairment of financial investments | (0.6) | 0.6 | (0.5) | n.m. | (23.2)% |
| **Net interest and similar income after impairment loss** | **15.1** | **14.1** | **12.9** | **(8.6)%** | **(14.2)%** |
| Fee income from financial services, net | 47.0 | 50.0 | 50.4 | 0.9% | 7.3% |
| Other income | 66.4 | 16.3 | 12.2 | (25.1)% | (81.6)% |
| Other expenses | (52.1) | (42.0) | (46.3) | 10.4% | (11.0)% |
| **Income before translation result and income tax** | **76.4** | **38.4** | **29.2** | **(24.0)%** | **(61.8)%** |
| Translation result | (2.4) | (1.8) | (1.9) | 4.5% | (21.8)% |
| Income tax | (2.4) | 15.6 | (3.0) | n.m. | 22.0% |
| **Profit for the period** | **71.6** | **52.3** | **24.4** | **(53.3)%** | **(65.9)%** |
| **ROE** | **28.3%** | **19.3%** | **8.9%** |  |  |
| **Efficiency ratio** | **33.6%** | **50.5%** | **61.3%** |  |  |

---

**ASSETS UNDER MANAGEMENT & DEPOSITS**

AUM reached US$8,552 million in 4Q25, a US$469 million or 5.8% increase QoQ, mostly explained by inflows in mutual funds, private wealth management and the acquisition of Veltria.Client deposits were S/ 2,633 million in 4Q25, a S/ 188 million or 7.1% decrease QoQ.

AUM reached US$8,552 million in 4Q25, a US$1,256 million or 17.2% increase YoY, mostly explained by inflows in mutual funds and private wealth management and the acquisition of Veltria.Client deposits were S/ 2,633 million in 4Q25, a S/ 296 million or 11.3% decrease YoY.

**NET INTEREST AND SIMILAR INCOME** 

**Net interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Net interest and similar income | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due from banks and inter-bank funds | 4.3 | 3.4 | 3.0 | (10.1)% | (30.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Investments | 13.8 | 13.7 | 13.4 | (2.4)% | (3.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 24.1 | 22.6 | 20.3 | (10.0)% | (15.6)% |
| **Total interest and similar income** | **42.3** | **39.7** | **36.7** | **(7.4)%** | **(13.1)%** |
| **Interest and similar expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits and obligations | (24.2) | (22.7) | (20.4) | (10.2)% | (15.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to banks and correspondents | (2.4) | (3.3) | (3.1) | (3.6)% | 30.5% |
| **Total interest and similar expenses** | **(26.6)** | **(25.9)** | **(23.5)** | **(9.3)%** | **(11.6)%** |
| **Net interest and similar income** | **15.7** | **13.7** | **13.2** | **(3.7)%** | **(15.6)%** |

---

Inteligo'snet interest and similar income was S/ 13.2 million in 4Q25, a S/ 1 million or 3.7% decrease when compared with 3Q25, mainly explained by lower interests in financial investments and due from banks and inter-bank funds.

Net interest and similar income decreased in S/ 2.5 million YoY or 15.6%, mainly because of lower interests in due from banks and inter-bank fund and loans.

------

**FEE INCOME FROM FINANCIAL SERVICES** 

**Fee income from financial services, net**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fee income from financial services, net | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokerage and custody services | 3.6 | 5.3 | 5.5 | 4.4% | 51.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Funds management | 43.7 | 45.2 | 46.1 | 2.2% | 5.5% |
| **Total income** | **47.4** | **50.5** | **51.7** | **2.4%** | **9.1%** |
| **Expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokerage and custody services | (0.2) | (0.2) | (0.3) | 8.2% | 18.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (0.2) | (0.2) | (1.0) | n.m. | n.m. |
| **Total expenses** | **(0.4)** | **(0.5)** | **(1.2)** | **n.m.** | **n.m.** |
| **Fee income from financial services, net** | **47.0** | **50.0** | **50.4** | **0.9%** | **7.3%** |

---

Net fee income from financial services was S/ 50.4 million in 4Q25, a S/ 0.4 million or 0.9% increase when compared with 3Q25, mainly explained by higher fees from Funds Management. This effect was mitigated due to lower exchange rates and banking services.

On a YoY basis, net fee income from financial services increased in S/ 3.4 million YoY, or 7.3%, also due to higher fees from funds management, expleined by assets under management growth in private wealth management and mutual funds.

**OTHER INCOME** 

**Other income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other income | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Net gain on sale of financial investments | (0.8) | 0.2 | 1.1 | n.m. | n.m. |
| Net trading gain (loss) | 68.3 | 21.0 | 14.7 | (30.3)% | (78.5)% |
| Other | (1.2) | (4.9) | (3.5) | (28.2)% | n.m. |
| **Total other income** | **66.4** | **16.3** | **12.2** | **(25.1)%** | **(81.6)%** |

---

Other income reached S/ 12.2 million in 4Q25, a S/ 4.1 million or 25.1% decrease QoQ due to lower mark-to-market valuations on proprietary portfolio investments.

On a YoY basis a S/ 54.2 million or 81.6% decrease due to lower mark-to-market valuations on proprietary portfolio investments and higher management fees.

**OTHER EXPENSES** 

**Other expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other expenses | **4Q24** | **3Q25** | **4Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (27.5) | (25.3) | (30.4) | 20.2% | 10.6% |
| Administrative expenses | (13.7) | (13.1) | (14.0) | 7.3% | 2.4% |
| Depreciation and amortization | (2.2) | (2.1) | (2.1) | 2.8% | (1.5)% |
| Other | (8.8) | (1.6) | 0.2 | n.m. | n.m. |
| Total other expenses | **(52.1)** | **(42.0)** | **(46.3)** | **10.4%** | **(11.0)%** |
| Efficiency ratio | **33.6%** | **50.5%** | **61.3%** |  |  |

---

Other expenses reached S/ 46.3 million in 4Q25, a S/ 4.3 million or 10.4% increase QoQ mainly due to higher salaries and employee benefits expenses.

On a YoY basis a S/ 5.8 million or 11.0% decrease driven by lower risk provisions and partially offset by higher personnel expenses.

------

**Strategy**

We aim to become a leading digital platform with profitable growth. IFS has demonstrated solid performance, with a net income 49% higher than the previous year, achieving an ROE of 16.8% in 2025.

We strive to build primary banking relationships by placing the customer at the center of our decisions and offering the best digital experience. As a result, NPS for retail banking stood at 51, and our retail digital clients are more than 84%.

We continue to focus on our key businesses, maintaining a significant market share in consumer banking loans around 20%, ranking second in the market. Retail deposits are around 15%, ranking third in the market, and commercial banking holds approximately an 11% market share, now ranking third in the market. In annuities, we are the leader with over a 30% market share. Finally, in wealth management, AUMs continue to grow at double-digit rates, with 16% YoY reaching historical highs.

---

| | | | |
|:---|:---|:---|:---|
|  | 4Q24 | 3Q25 | 4Q25 |
| **Digital Metrics** |  |  |  |
| &nbsp;&nbsp;% Digital customers retail | 81 | 83 | 84 |
| &nbsp;&nbsp;% Digital customers commercial | 73 | 73 | 74 |
| &nbsp;&nbsp;% Digital self-service retail | 78 | 82 | 82 |
| &nbsp;&nbsp;% Digital sales retail | 68 | 68 | 68 |
| &nbsp;&nbsp;NPS Retail (points) | 55 | 56 | 51 |
| **Transactional Metrics** |  |  |  |
| &nbsp;&nbsp;IBK Plin transactions (millions) (\*) | 139 | 179 | 206 |
| &nbsp;&nbsp;Izipay Transaction volume (S/ MM) | 18057 | 17617 | 19399 |
| &nbsp;&nbsp;IBK share of Izipay transaction flows (%) | 40 | 39 | 39 |
| (\*) Sent transactions |  |  |  |

---

**Banking & Payments**

We continue to strengthen our position as a digital bank. In 2025, our banking customer base grew 3% YoY, 2.8% in retail clients and 8.7% in commercial clients. Our digital transformation strategy continues to show positive momentum, with the share of retail digital customers increasing YoY from 81% to 84%. Also, digital self-service usage among retail clients remained stable QoQ but improved from 78% last year to 82% in 2025. Additionally, retail digital sales remained stable at the level of 68% of total retail sales.

We continue to see strong performance in our payment's ecosystem with Plinand Izipay. Plin active users grew 11% YoY, while Plin transactions increased by 48% YoY. Izipay also continued to expand, with transaction volumes increasing 7% YoY. Synergies between Izipay and Interbank continue improving compared to the previous year, reinforcing our integrated payments strategy. As a result, cash flows directed to Interbank accounts through Izipay increased by 9%; as well as an increase of more than 30% in the float.

---

| | | | |
|:---|:---|:---|:---|
|  | **4Q24** | **3Q25** | **4Q25** |
| **Insurance** |  |  |  |
| &nbsp;&nbsp;Digital insurance premiums (S/ thousands) | 27.2 | 32.4 | 33.6 |
| &nbsp;&nbsp;% Digital Self-Service | 68.9 | 70.9 | 70.9 |
| **Wealth Management** |  |  |  |
| &nbsp;&nbsp;% Interfondos digital transactions | 53.0 | 55.4 | 55.3 |
| &nbsp;&nbsp;% Interfondos digital users | 26.5 | 30.2 | 33.7 |
| &nbsp;&nbsp;% Digital transactions SAB | 31.6 | 39.0 | 38.8 |

---

In the insurance segment, digital adoption continued to accelerate in 4Q25. The share of digital self-service reached 70.9%, up from 68.9% a year ago, reflecting stronger engagement with online channels. As a result of this growing digital penetration, digital insurance premiums increased to S/ 33.6 millions in 4Q25, continuing the positive trajectory observed in prior periods. This performance highlights the company's ongoing efforts to enhance customer experience and streamline product distribution through digital platforms.

In the wealth management segment, digital engagement continued to strengthen during 4Q25. Interfondos' digital users accounted for 33.7% of total users, up from 26.5% in 4Q24. This reflects sustained momentum in client adoption of digital investment tools and advisory services.Digital transaction penetration also improved across key platforms. In Inteligo SAB (brokerage) channel, the share of digital transactions increased to 38.8%,

------

up from 38.0% in 3Q25 and 31.6% in 4Q24.Similarly, digital transactions in Interfondos reached 55.3%. These results underscore the growing preference among clients for seamless and fully digital investment experiences.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated financial statements as of December 31, 2025, and 2024 and for the years ended December 31, 2025 and 2024

------

Interim consolidated financial statements as of December 31, 2025, and 2024 and for the years ended December 31, 2025 and 2024

**Content** 

**Interim consolidated financial statements** 

---

| | |
|:---|:---|
| [<u>Interim consolidated statement of financial position</u>](#cons_statement_financial_position) | &nbsp;&nbsp;3 |
| [<u>Interim consolidated statement of income</u>](#cons_statement_income) |  |
| [<u>Interim consolidated statement of other comprehensive income</u>](#cons_statement_other_comp) |  |
| [<u>Interim consolidated statement of changes in equity</u>](#cons_statement_changes_equity) |  |
| [<u>Interim consolidated statement of cash flows</u>](#cons_statement_cash_flows) |  |
| [<u>Notes to the interim consolidated financial statements</u>](#notes_cons_financial_statements) |  |

---

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statement of financial position

As of December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **31.12.2025** | **31.12.2024** |
|  |  | S/(000) | S/(000) |
| **Assets** |  |  |  |
| Cash and due from banks | 4(a) |  |  |
| Non-interest bearing |  | 3196910 | 4021880 |
| Interest bearing |  | 9163129 | 7973580 |
| Restricted funds |  | 1675910 | 619766 |
|  |  | 14035949 | 12615226 |
| Inter-bank funds | 4(e) | 40006 | 220060 |
| Financial investments | 5 | 28173806 | 26857925 |
| Loans, net: | 6 |  |  |
| Loans, net of unearned interest |  | 52361192 | 50959615 |
| Impairment allowance for loans |  | (1591042) | (1730167) |
|  |  | 50770150 | 49229448 |
| Investment property | 7 | 1540615 | 1381788 |
| Property, furniture and equipment, net |  | 967293 | 814432 |
| Due from customers on acceptances |  | 51332 | 9163 |
| Intangibles and goodwill, net |  | 1626106 | 1667753 |
| Other accounts receivable and other assets, net | 8 | 1793116 | 2670178 |
| Reinsurance contract assets | 12 | 57182 | 18602 |
| Deferred Income Tax asset, net |  | 41872 | 19206 |
| **Total assets** |  | 99097427 | 95503781 |
| **Liabilities and equity** |  |  |  |
| Deposits and obligations | 9 |  |  |
| Non-interest bearing |  | 7759676 | 7614593 |
| Interest bearing |  | 48267954 | 46153435 |
|  |  | 56027630 | 53768028 |
| Inter-bank funds | 4(e) | 55019 |  |
| Due to banks and correspondents | 10 | 7166014 | 7562057 |
| Bonds, notes and other obligations | 11 | 5590408 | 6075433 |
| Due from customers on acceptances |  | 51332 | 9163 |
| Insurance and reinsurance contract liabilities | 12 | 13063254 | 12524320 |
| Other accounts payable, provisions and other liabilities | 8 | 4585800 | 4445532 |
| Deferred Income Tax liability, net |  | 136126 | 140653 |
| **Total liabilities** |  | 86675583 | 84525186 |
| **Equity, net** | 13 |  |  |
| Equity attributable to IFS's shareholders: |  |  |  |
| Capital stock |  | 1038017 | 1038017 |
| Treasury stock |  | (469546) | (206997) |
| Capital surplus |  | 532771 | 532771 |
| Reserves |  | 9100000 | 8300000 |
| Unrealized results, net |  | (36034) | (187830) |
| Retained earnings |  | 2183383 | 1439274 |
|  |  | 12348591 | 10915235 |
| Non-controlling interest |  | 73253 | 63360 |
| **Total equity, net** |  | 12421844 | 10978595 |
| **Total liabilities and equity, net** |  | 99097427 | 95503781 |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statement of income

For the years ended December 31, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **31.12.2025** | **31.12.2024** |
|  |  | S/(000) | S/(000) |
| Interest and similar income | 15 | 6888377 | 7029391 |
| Interest and similar expenses | 15 | (2258971) | (2480270) |
| **Net interest and similar income** |  | **4629406** | **4549121** |
| Impairment loss on loans, net of recoveries | 6(d.1) and (d.2) | (1136707) | (1720179) |
| Loss due to impairment of financial investments | 5(c) and 5(d) | (263761) | (47521) |
| **Net interest and similar income after impairment loss** |  | **3228938** | **2781421** |
| Fee income from financial services, net | 16 | 1219631 | 1142943 |
| Net gain on foreign exchange transactions |  | 409737 | 433691 |
| Net gain on sale of financial investments |  | 102055 | 26544 |
| Net gain on financial assets at fair value through profit or loss | 5(e) and 10(b) | 362033 | 81990 |
| Net gain on investment property | 7(b) | 182588 | 128164 |
| Other income | 17 | 141463 | 121222 |
|  |  | **2417507** | **1934554** |
| **Result from insurance activities** | 18 | (47797) | (169789) |
|  |  | (47797) | (169789) |
| **Other expenses** |  |  |  |
| Salaries and employee benefits |  | (1115613) | (955246) |
| Administrative expenses |  | (1436828) | (1336954) |
| Depreciation and amortization |  | (450267) | (413057) |
| Other expenses | 17 | (160497) | (194959) |
|  |  | **(3163205)** | **(2900216)** |
| **Income before translation result and Income Tax** |  | 2435443 | 1645970 |
| Exchange difference |  | 38004 | (24144) |
| Income Tax | 14(e) | (530252) | (314365) |
| **Net profit for the year** |  | **1943195** | **1307461** |
| **Attributable to:** |  |  |  |
| IFS's shareholders |  | 1932470 | 1300078 |
| Non-controlling interest |  | 10725 | 7383 |
|  |  | **1943195** | **1307461** |
| **Earnings per share attributable to IFS's shareholders, basic and diluted (in Soles)** | 19 | 17.299 | 11.376 |
| **Weighted average number of outstanding shares (in thousands)** | 19 | 111713 | 114287 |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statement of other comprehensive income

For the years ended December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Net profit for the year** | 1943195 | 1307461 |
| **Other comprehensive income that will not be reclassified to the consolidated statement of income in subsequent periods:** |  |  |
| Gains on valuation of equity instruments at fair value through other comprehensive income | 60738 | 3048 |
| Income Tax | 9031 | (1595) |
| **Total unrealized gain that will not be reclassified to the consolidated statement of income** | 69769 | 1453 |
| **Other comprehensive income to be reclassified to the consolidated statement of income in subsequent periods:** |  |  |
| Net movement of debt instruments at fair value through other comprehensive income | 898804 | 286738 |
| Income Tax | (4129) | (3595) |
|  | 894675 | 283143 |
| Insurance reserves at fair value | (736366) | (61389) |
| Net movement of cash flow hedges | 46601 | (18605) |
| Income Tax | (6588) | 1402 |
|  | 40013 | (17203) |
| Translation of foreign operations | (101063) | 11747 |
| **Total unrealized gain to be reclassified to the consolidated statement of income in subsequent periods** | **97259** | **216298** |
| **Other comprehensive income for the year** | **167028** | **217751** |
| **Total comprehensive income for the year, net of Income Tax** | **2110223** | **1525212** |
| **Attributable to:** |  |  |
| IFS's shareholders | 2097275 | 1516304 |
| Non-controlling interest | 12948 | 8908 |
|  | **2110223** | **1525212** |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statement of changes in equity

For the years ended December 31, 2025 and 2024

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Attributable to IFS's shareholders** | **Attributable to IFS's shareholders** | **Attributable to IFS's shareholders** | **Attributable to IFS's shareholders** | **Attributable to IFS's shareholders** | **Attributable to IFS's shareholders** |  |  |  |  |
|  |  |  |  |  |  |  |  | **Unrealized results, net** | **Unrealized results, net** | **Unrealized results, net** | **Unrealized results, net** |  |  |  |  |
|  | **Number of shares** | **Number of shares** |  |  |  |  | **Instruments that will not be reclassified to the consolidated statement of income** | **Instruments that will be reclassified to the consolidated statement of income** | **Instruments that will be reclassified to the consolidated statement of income** | **Instruments that will be reclassified to the consolidated statement of income** | **Instruments that will be reclassified to the consolidated statement of income** |  |  |  |  |
|  | **Issued** | **In treasury** | **Capital stock** | **Treasury stock** | **Capital surplus** | **Reserves** | **Equity instruments at fair value** | **Debt instruments at fair value** | **Insurance contracts reserves** | **Cash flow hedges reserve** | **Translation of foreign operations** | **Retained earnings** | **Total** | **Non-controlling interest** | **Total equity, net** |
|  | (in thousands) | (in thousands) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Balance as of January 1, 2024** | 115447 | (967) | 1038017 | (84309) | 532771 | 6000000 | (64141) | (1293563) | 742894 | (31933) | 188950 | 2921531 | 9950217 | 57884 | 10008101 |
| Net profit for the year |  |  |  |  |  |  |  |  |  |  |  | 1300078 | 1300078 | 7383 | 1307461 |
| Other comprehensive income |  |  |  |  |  |  | 1263 | 281695 | (61299) | (17180) | 11747 |  | 216226 | 1525 | 217751 |
| Total comprehensive income |  |  |  |  |  |  | 1263 | 281695 | (61299) | (17180) | 11747 | 1300078 | 1516304 | 8908 | 1525212 |
| Declared dividends and paid, Note 13(a) |  |  |  |  |  |  |  |  |  |  |  | (427369) | (427369) |  | (427369) |
| Transfer of retained earnings to reserves, Note 13(d) |  |  |  |  |  | 2300000 |  |  |  |  |  | (2300000) |  |  |  |
| Purchase of treasury stock, Note 13(b) |  | (1192) |  | (122688) |  |  |  |  |  |  |  |  | (122688) |  | (122688) |
| Dividends paid to non-controlling interest of Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  | (3056) | (3056) |
| Sale of equity instruments at fair value through other comprehensive income |  |  |  |  |  |  | 53737 |  |  |  |  | (53737) |  |  |  |
| Others |  |  |  |  |  |  |  |  |  |  |  | (1229) | (1229) | (376) | (1605) |
| **Balance as of December 31, 2024** | 115447 | (2159) | 1038017 | (206997) | 532771 | 8300000 | (9141) | (1011868) | 681595 | (49113) | 200697 | 1439274 | 10915235 | 63360 | 10978595 |
| Net profit for the year |  |  |  |  |  |  |  |  |  |  |  | 1932470 | 1932470 | 10725 | 1943195 |
| Other comprehensive income |  |  |  |  |  |  | 69079 | 892169 | (735284) | 39904 | (101063) |  | 164805 | 2223 | 167028 |
| Total comprehensive income |  |  |  |  |  |  | 69079 | 892169 | (735284) | 39904 | (101063) | 1932470 | 2097275 | 12948 | 2110223 |
| Declared dividends, Note 13(a) |  |  |  |  |  |  |  |  |  |  |  | (420096) | (420096) |  | (420096) |
| Transfer of retained earnings to reserves, Note 13(d) |  |  |  |  |  | 800000 |  |  |  |  |  | (800000) |  |  |  |
| Purchase of treasury stock, Note 13(b) |  | (2206) |  | (262549) |  |  |  |  |  |  |  |  | (262549) |  | (262549) |
| Dividends paid to non-controlling interest of Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  | (3097) | (3097) |
| Sale of equity instruments at fair value through other comprehensive income |  |  |  |  |  |  | 1769 |  |  |  |  | (1769) |  |  |  |
| Others |  |  |  |  |  |  | (14778) |  |  |  |  | 33504 | 18726 | 42 | 18768 |
| **Balance as of December 31, 2025** | 115447 | (4365) | 1038017 | (469546) | 532771 | 9100000 | 46929 | (119699) | (53689) | (9209) | 99634 | 2183383 | 12348591 | 73253 | 12421844 |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statement of cash flows

For the years ended December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Cash flows from operating activities** |  |  |
| Net profit for the year | 1943195 | 1307461 |
| **Plus (minus) adjustments to net profit** |  |  |
| Impairment loss on loans, net of recoveries | 1136707 | 1720179 |
| Loss due to impairment of financial investments | 263761 | 47521 |
| Depreciation and amortization | 450267 | 413057 |
| Provision for sundry risks | 2633 | 29290 |
| Deffered Income Tax | (37490) | 100053 |
| Net gain on sale of financial investments | (102055) | (26544) |
| Net gain on financial assets at fair value through profit or loss | (362033) | (81990) |
| Net gain on valuation of investment property | (101104) | (60260) |
| Net (gain) loss on sale of investment property | (320) | 3176 |
| Gain on sale of property, furniture and equipment | (2078) | (12879) |
| Exchange difference | (38004) | 24144 |
| Decrease in accrued interest receivable | 22494 | 58688 |
| Decrease in accrued interest payable | (166827) | (120753) |
| **Net changes in assets and liabilities** |  |  |
| Net increase in loan portfolio | (2692565) | (4523015) |
| Net decrease (increase) in other accounts receivable and other assets | 509263 | (245377) |
| Net (increase) decrease in restricted funds | (1056144) | 100925 |
| Increase in deposits and obligations | 2302669 | 4687587 |
| Decrease in due to banks and correspondents | (367298) | (1445205) |
| Increase in other accounts payable, provisions and other liabilities | 28810 | 1059360 |
| Decrease (increase) of investments at fair value through profit or loss | 94499 | (125386) |
| **Net cash provided by operating activities** | 1828380 | 2910032 |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

**Intercorp Financial Services Inc. and Subsidiaries** 

Interim consolidated statements of cash flows (continued)

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Cash flows from investing activities** |  |  |
| (Purchase) sale of investments at fair value through other comprehensive income and at amortized cost | (339261) | 320182 |
| Purchase of property, furniture and equipment | (301435) | (104719) |
| Purchase of intangible assets | (221967) | (245334) |
| Purchase of investment property | (62723) | (61812) |
| Sale of investment property |  | 39176 |
| Sale of property, furniture and equipment | 3461 | 45462 |
| **Net cash used in by investing activities** | (921925) | (7045) |
| **Cash flows from financing activities** |  |  |
| Dividends paid | (420096) | (427369) |
| Issuance of securities, bonds and obligations in circulation | 1624811 | 1706371 |
| Payments of bonds, notes and other obligations | (1502749) | (1266504) |
| Decrease in receivable inter-bank funds | 180054 | 304855 |
| Net increase (decrease) in payable inter-bank funds | 55019 | (121438) |
| Purchase of treasury stock | (262549) | (122688) |
| Dividend payments to non-controlling interest | (3097) | (2911) |
| Lease payments | (83054) | (82644) |
| **Net cash used in financing activities** | (411661) | (12328) |
| **Net increase in cash and cash equivalents** | 494794 | 2890659 |
| Translation (loss) gain on cash and cash equivalents | (124217) | 12496 |
| Cash and cash equivalents at the beginning of the year | 11977366 | 9074211 |
| **Cash and cash equivalents at the end of the year** | 12347943 | 11977366 |

---

The accompanying notes are an integral part of these interim consolidated financial statements.

------

Notes to the interim consolidated financial statements

As of December 31, 2025 and 2024

**1. Business activity**

Intercorp Financial Services Inc. and Subsidiaries (henceforth "IFS", "the Company" or "the Group"), is a limited liability holding company incorporated in the Republic of Panama on September 19, 2006, and is a Subsidiary of Intercorp Peru Ltd. (henceforth "Intercorp Peru"), holding of Intercorp Group, incorporated in 1997 in the Commonwealth of the Bahamas. As of December 31, 2025, Intercorp Peru holds directly and indirectly 74.38 percent of the issued capital stock of IFS, equivalent to 73.38 percent of the outstanding capital stock of IFS (72.47 percent of the issued capital stock, equivalent to 71.95 percent of the outstanding capital stock as of December 31, 2024).

IFS's legal domicile is located at Av. Carlos Villarán 140 Urb. Santa Catalina, La Victoria, Lima, Peru.

As of December 31, 2025 and 2024, IFS holds 99.31 percent of the capital stock of Banco Internacional del Peru S.A.A. – Interbank (henceforth "Interbank"), 99.85 percent of the capital stock of Interseguro Compañía de Seguros S.A. (henceforth "Interseguro"), 100 percent of the capital stock of Inteligo Group Corp. (henceforth "Inteligo") and 100 percent of Procesos de Medios de Pago and its subsidiary Izipay S.A.C (henceforth and together "Izipay").

The operations of Interbank, Interseguro and Izipay are concentrated in Peru, while the operations of Inteligo and its Subsidiaries (Interfondos S.A. Sociedad Administradora de Fondos, Inteligo Sociedad Agente de Bolsa S.A. and Inteligo Bank Ltd.) are mainly concentrated in Peru and Panama.

The main activities of IFS's Subsidiaries and their assets, liabilities, equity, operating income, net income, balances and other relevant information are presented in Note 2.

The interim consolidated financial statements as of December 31, 2025, have been approved by the Audit Committee and Board's Meeting held on February 6 and 11, 2026, respectively. The audited consolidated financial statements as of December 31, 2024, (henceforth "Annual Consolidated Financial Statements") were approved by the General Shareholders' Meeting held on March 31, 2025.

**2. Subsidiaries** 

IFS's Subsidiaries are the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a) Banco Internacional del Peru S.A.A. - Interbank and Subsidiaries -**

Interbank is incorporated in Peru and is authorized by the Superintendencia de Banca, Seguros y AFP (henceforth "SBS") to operate as a universal bank in accordance with Peruvian law. The Interbank's operations are governed by the General Act of the Banking and Insurance System and Organic Act of the SBS – Act No. 26702 and its amendments (henceforth "the Banking and Insurance Act"), that establishes the requirements, rights, obligations, restrictions and other operating conditions that financial and insurance entities must comply with in Peru.

As of December 31, 2025, Interbank had 146 offices (149 offices as of December 31, 2024).

Additionally, it holds approximately 100 percent of the shares of the following Subsidiaries:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Entity** | &nbsp;&nbsp;&nbsp;&nbsp;**Activity** |
| &nbsp;&nbsp;&nbsp;&nbsp;Internacional de Títulos Sociedad Titulizadora S.A. - Intertítulos S.T. | &nbsp;&nbsp;&nbsp;&nbsp;Manages securitization funds. |
| &nbsp;&nbsp;&nbsp;&nbsp;Compañía de Servicios Conexos Expressnet S.A.C. | &nbsp;&nbsp;&nbsp;&nbsp;Services related to credit card transactions or products related to the brand "American Express". |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b) Interseguro Compañía de Seguros S.A. and Subsidiary -**

Interseguro is incorporated in Peru and its operations are governed by the Banking and Insurance Act. It is authorized by the SBS to issue life and general risk insurance contracts.

------

Interseguro holds participations in Patrimonio Fideicometido D.S.093-2002-EF, Interproperties Peru (henceforth "Patrimonio Fideicometido – Interproperties Peru"), that is a structured entity, incorporated in April 2008, and in which several investors (related parties to the Group) contributed investment properties. Each investor or investors have ownership of and specific control over the contributed investment property. The fair values of the properties contributed by Interseguro that were included in this structured entity as of December 31, 2025 and 2024, amounted to S/95,328,000 and S/89,124,000, respectively; see Note 7. IFS has ownership and decision-making power over these properties and the Group has the exposure or rights to their returns; therefore, IFS consolidates the silos containing the investment properties that it controls.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(c) Inteligo Group Corp. and Subsidiaries -**

Inteligo is incorporated in the Republic of Panama. As of December 31, 2025 and 2024, holds 100 percent of the shares of the following Subsidiaries:

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;**Entity** | &nbsp;&nbsp;&nbsp;&nbsp;**Activity** |
| &nbsp;&nbsp;&nbsp;&nbsp;Inteligo Bank Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;It is incorporated in The Commonwealth of the Bahamas and has a branch established in the Republic of Panama that operates under an international license issued by the Superintendence of Banks of the Republic of Panama. Its main activity is to provide private and institutional banking services, mainly to Peruvian citizens. |
| &nbsp;&nbsp;&nbsp;&nbsp;Inteligo Sociedad Agente de Bolsa S.A. | &nbsp;&nbsp;&nbsp;&nbsp;Brokerage firm incorporated in Peru. |
| &nbsp;&nbsp;&nbsp;&nbsp;Inteligo Peru Holding S.A.C. | &nbsp;&nbsp;&nbsp;&nbsp;Financial holding company incorporated in Peru. As of December 31, 2025 and 2024, it holds 99.99 percent interest in Interfondos S.A. Sociedad Administradora de Fondos, company that manages mutual funds and investment funds. |
| &nbsp;&nbsp;&nbsp;&nbsp;Inteligo USA, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;Incorporated in the United States of America, provides investment consultancy and related services. |

---

Veltria Advisors Corp. Incorporated in the United States of America, provides investment advice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(d) Negocios e Inmuebles S.A. -**

Negocios e Inmuebles is incorporated in Peru, was acquired by IFS as part of the purchase of Seguros Sura and Hipotecaria Sura in year 2017. As of December 31, 2025 and 2024, Negocios e Inmuebles S.A., holds 8.50 percent of Interseguro's capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(e) San Borja Global Opportunities S.A.C. -**

San Borja Global Opportunities is incorporated in Peru. Its corporate purpose is the marketing of products and services through Internet, telephony or related and it operates under the commercial name of Shopstar (online Marketplace) dedicated to the sale of products from different stores locally.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(f) IFS Management S.A.C. –**

IFS Management is incorporated in Peru. Its corporate purpose is to provide all types of management, strategic planning, financial, accounting, legal, and other services. It may also acquire all types of assets and enter into all types of contracts to carry out its corporate purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(g) Procesos de Medios de Pago S.A. and subsidiary Izipay S.A.C. (Izipay) –**

Procesos de Medios de Pago is dedicated to the development, management and operation of the shared service of transaction processing of credit and debit cards, through the acquirer role for the brands MasterCard, Visa and other private brands; also, it renders the processing service, through the issuer role, to entities of the financial system. Izipay is dedicated to the facilitation of payments and services, offering its services of technological, operating and safety infrastructure through the affiliation of commercial stores, as well as installation and maintenance of infrastructure for transactions through the electronic commerce modality, interconnected with the networks of payment methods processors.

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**3. Significant accounting policies** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 Basis of presentation and use of estimates –

The interim consolidated financial statements as of December 31, 2025 and 2024, have been prepared in accordance with IAS 34 "Interim Financial Reporting".

The interim consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the Annual Consolidated Financial Statements as of December 31, 2024.

The accompanying interim consolidated financial statements have been prepared on the historical cost basis, except for investment property, derivative financial instruments, financial investments at fair value through profit or loss and through other comprehensive income, which have been measured at fair value. The interim consolidated financial statements are presented in Soles, which is the functional currency of the Group, and all values are rounded to the nearest thousand (S/(000)), except when otherwise indicated.

The preparation of the interim consolidated financial statements, in accordance with the International Financial Reporting Standards (henceforth "IFRS") as issued by the International Accounting Standards Board (IASB), requires Management to make estimations and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of significant events in the notes to the interim consolidated financial statements.

In that sense, the estimates and criteria are continually assessed and are based on historical experience, as well as other factors, including expectations of future events that are believed to be reasonable under the current circumstances. Existing circumstances and assumptions about future developments, however, may change due to markets' behavior or circumstances arising beyond the control of the Group. Such changes are reflected in the assumptions when they occur. Actual results could differ from those estimates. The most significant estimates comprised in the accompanying interim consolidated financial statements are related to the calculation of the impairment of the portfolio of loan and financial investments, the measurement of the fair value of the financial investments and investment property, the assessment of the impairment of goodwill and the intangible of indefinite life, the liabilities for insurance contracts and measurement of the fair value of derivative financial instruments; also, there are other estimates such as provisions for litigation, the estimated useful life of intangible assets and property, furniture and equipment, the estimation of deferred Income Tax and the determination of the terms and estimation of the interest rate of the lease contracts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 Basis of consolidation –

The interim consolidated financial statements of IFS comprise the financial statements of Intercorp Financial Services Inc. and Subsidiaries. The method adopted by IFS to consolidate its financial information with its Subsidiaries described in Note 3.3 to the Annual Consolidated Financial Statements and has not changed since then.

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**4. Cash and due from banks and inter-bank funds** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The detail of cash and due from banks is as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Cash and clearing (b) | 2348756 | 2853187 |
| Deposits in the BCRP (b) | 8490566 | 7333818 |
| Deposits in banks (c) | 1508621 | 1790361 |
| Total cash and cash equivalent | 12347943 | 11977366 |
| Accrued interest | 12096 | 18094 |
| Restricted funds (d) | 1675910 | 619766 |
| **Total** | 14035949 | 12615226 |

---

The balance of cash and cash equivalents, presented in the interim consolidated statements of cash flows, exclude the restricted funds and accrued interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In accordance with rules in force, Interbank is required to maintain a legal reserve to honor its obligations with the public. This reserve is comprised of funds kept in Interbank and in the BCRP and is made up as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Legal reserve (\*)** |  |  |
| Deposits in the BCRP | 6149956 | 5969218 |
| Cash in vaults | 2056545 | 2644386 |
| Subtotal legal reserve | 8206501 | 8613604 |
| **Non-mandatory reserve** |  |  |
| Overnight deposits in BCRP (\*\*) | 1580610 | 564600 |
| Term deposits in BCRP (\*\*\*) | 760000 | 800000 |
| Cash and clearing | 292157 | 208548 |
| Subtotal non-mandatory reserve | 2632767 | 1573148 |
| Cash balances not subject to legal reserve | 54 | 253 |
| **Total** | 10839322 | 10187005 |

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(\*) The legal reserve funds maintained in the BCRP are non-interest bearing, except for the part that exceeds the minimum reserve required that accrued interest at a nominal annual rate, established by the BCRP. As of December 31, 2025 and 2024, the Group presented only excess in foreign currency that accrued interest in US Dollars at an annual average rate of 3.25 and 3.90 percent, respectively.

In Group Management's opinion, Interbank has complied with the requirements established by the rules in force related to the computation of the legal reserve.

(\*\*) As of December 31, 2025, corresponds to one overnight deposit in foreign currency for US$470,000,000 (approximately equivalent to S/1,580,610,000), with maturity in the first days of January 2026, and accrued interest at an annual interest rate of 3.57 percent (as of December 31, 2024, corresponded to one overnight deposit in foreign currency for US$150,000,000 (approximately equivalent to S/564,600,000), with maturity in the first days of January 2025, and accrued interest at an annual interest rate of 4.44 percent).

(\*\*\*) As of December 31, 2025, corresponds to an overnight deposit in local currency, with maturity in January 2026, which accrued interest at an annual interest rate of 4.00 percent (as of December 31, 2024, corresponded to five

------

overnight deposits in local currency, with maturity in the first days of January 2025, and accrued interest at an average annual interest rate of 4.83 percent).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Deposits in domestic banks and abroad are mainly in Soles and US Dollars, they are freely available and accrue interest at market rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Group maintains restricted funds related to:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Inter-bank transfers (\*) | 1142857 | 596648 |
| Repurchase agreements with the BCRP (\*\*) | 438436 |  |
| Derivative financial instruments, Note 8(b) | 93021 | 21568 |
| Others | 1596 | 1550 |
| **Total** | 1675910 | 619766 |

---

(\*) Funds held at BCRP to guarantee transfers made through the Electronic Clearing House ("CCE", by its Spanish acronym).

&nbsp;&nbsp;&nbsp;&nbsp;(\*\*) As of December 31, 2025, corresponds to deposits in the BCRP that guarantee loans with said entity, see Note 10(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Inter-bank funds

These are loans made between financial institutions with maturity, in general, minor than 30 days. As of December 31, 2025, Inter-bank funds' assets accrue interest at an annual rate between 4.25 and 4.30 percent in local currency (as of December 31, 2024, Inter-bank funds' assets accrue interest at an annual rate of 5.00 percent in local currency); and do not have specific guarantees. As of December 31, 2025, Inter-bank funds liabilities accrue interest at an annual rate of 4.25 percent in local currency.

**5. Financial investments** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is made up as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Debt instruments measured at fair value through other comprehensive income (b) and (c) | 21299397 | 20377805 |
| Investments at amortized cost (d) | 3883579 | 3784912 |
| Investments at fair value through profit or loss (e) | 1965991 | 1776567 |
| Equity instruments measured at fair value through other comprehensive income (f) | 556149 | 458268 |
| **Total financial investments** | 27705116 | 26397552 |
| **Accrued income** |  |  |
| Debt instruments measured at fair value through other comprehensive income (b) | 363254 | 347087 |
| Investments at amortized cost (d) | 105436 | 113286 |
| **Total** | 28173806 | 26857925 |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Following is the detail of debt instruments measured at fair value through other comprehensive income:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Unrealized gross amount** | **Unrealized gross amount** |  |  | **Annual effective interest rates** | **Annual effective interest rates** | **Annual effective interest rates** | **Annual effective interest rates** |
|  | **Amortized** |  |  | **Estimated** |  | **S/** | **S/** | **US$** | **US$** |
|  | **cost** | **Gains** | **Losses (c)** | **fair value** | **Maturity** | **Min** | **Max** | **Min** | **Max** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |  | **%** | **%** | **%** | **%** |
| **As of December 31, 2025** |  |  |  |  |  |  |  |  |  |
| Corporate, leasing and subordinated bonds | 9669217 | 40067 | (505634) | 9203650 | Jan-26 / Feb-97 | 3.09 | 27.74 | 3.23 | 18.64 |
| Sovereign Bonds of the Republic of Peru | 8855018 | 91817 | (36827) | 8910008 | Aug-26 / Feb-55 | 2.08 | 6.58 |  |  |
| Negotiable Certificates of Deposit issued by the Central Reserve Bank of Peru | 2057974 | 15 | (297) | 2057692 | Jan-26 / Jun-26 | 3.96 | 4.04 |  |  |
| Global Bonds of the Republic of Peru | 550343 |  | (2303) | 548040 | Jan-26 / Nov-50 |  |  | 3.96 | 10.58 |
| Bonds guaranteed by the Peruvian Government | 473317 | 10036 |  | 483353 | Apr-28 / Oct-33 | 3.35 | 4.30 | 5.66 | 6.64 |
| Treasury Bonds of the United States of America | 62364 | 81 | (2171) | 60274 | Jun-26 / Nov-55 |  |  | 3.84 | 4.84 |
| Global Bonds of the United States of Mexico | 26562 | 165 | (1727) | 25000 | May-31 / Feb-34 |  |  | 4.98 | 5.62 |
| Global Bonds of the Republic of Chile | 11357 | 87 | (64) | 11380 | Jan-29 / Jan-32 |  |  | 4.13 | 4.55 |
| **Total** | 21706152 | 142268 | (549023) | 21299397 |  |  |  |  |  |
| Accrued interest |  |  |  | 363254 |  |  |  |  |  |
| **Total** |  |  |  | 21662651 |  |  |  |  |  |
|  |  | **Unrealized gross amount** | **Unrealized gross amount** |  |  | **Annual effective interest rates** | **Annual effective interest rates** | **Annual effective interest rates** | **Annual effective interest rates** |
|  | **Amortized** |  |  | **Estimated** |  | **S/** | **S/** | **US$** | **US$** |
|  | **cost** | **Gains** | **Losses (c)** | **fair value** | **Maturity** | **Min** | **Max** | **Min** | **Max** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |  | **%** | **%** | **%** | **%** |
| **As of December 31, 2024** |  |  |  |  |  |  |  |  |  |
| Corporate, leasing and subordinated bonds | 9867060 | 111866 | (805981) | 9172945 | Jan-25 / Feb-97 | 2.20 | 14.00 | 3.70 | 10.86 |
| Sovereign Bonds of the Republic of Peru | 8331426 | 24387 | (410536) | 7945277 | Aug-26 / Feb-55 | 2.81 | 7.12 | - | - |
| Negotiable Certificates of Deposit issued by the Central Reserve Bank of Peru | 2113571 | 370 | (17) | 2113924 | Jan-25 / Jun-25 | 4.51 | 4.68 | - | - |
| Bonds guaranteed by the Peruvian Government | 554359 | 6798 | (4603) | 556554 | Apr-28 / Oct-33 | 3.65 | 4.74 | 6.37 | 7.22 |
| Global Bonds of the Republic of Peru | 548697 |  | (27058) | 521639 | Jul-25 / Nov-50 | - | - | 5.00 | 6.14 |
| Treasury Bonds of the United States of America | 57607 |  | (5082) | 52525 | Nov-31 / Aug-34 | - | - | 4.46 | 4.53 |
| Global Bonds of the United States of Mexico | 18100 |  | (3159) | 14941 | Feb-34 | - | - | 6.51 | 6.51 |
| **Total** | 21490820 | 143421 | (1256436) | 20377805 |  |  |  |  |  |
| Accrued interest |  |  |  | 347087 |  |  |  |  |  |
| **Total** |  |  |  | 20724892 |  |  |  |  |  |

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Group, according to the business model applied to these debt instruments, has the capacity to hold these investments for a sufficient period that allows the early recovery of the fair value, up to the maximum period for the early recovery or the due date.

Following is the movement of the provision for expected credit loss for these debt instruments, measured at fair value through other comprehensive income:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Expected credit loss at the beginning of the year** | 95090 | 61046 |
| New assets originated or purchased | 2136 | 1095 |
| Assets derecognized or matured (excluding write-offs) | (3197) | (3915) |
| Effect on the expected credit loss due to the change of the stage during the year | 61184 | 8958 |
| Loss for impairment | 202325 | 37325 |
| Others | 1313 | 4058 |
| **Movement of the year** | 263761 | 47521 |
| Write-offs | (69666) | (13043) |
| Effect of foreign exchange variation | (2043) | (434) |
| **Expected credit loss at the end of the year** | 287142 | 95090 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) As of December 31, 2025, investments at amortized cost corresponds mainly to Sovereign Bonds of the Republic of Peru issued in Soles for an amount of S/3,848,175,000, including accrued interest of S/97,662,000 (as of December 31, 2024, investments at amortized cost corresponds mainly to Sovereign Bonds of the Republic of Peru issued in Soles for an amount of S/3,799,540,000, including accrued interest of S/101,143,000). Said investments present low credit risk and the impairment loss is not significant.

As of December 31, 2025, these investments have maturity dates that range from August 2026 to August 2039, have accrued interest at effective annual rates between 4.36 percent and 7.76 percent, and a fair value amounting to approximately S/4,026,559,000 (As of December 31, 2024, these investments have maturity dates that range from August 2026 to August 2039, have accrued interest at effective annual rates between 4.36 percent and 7.76 percent, and a fair value amounting to approximately S/3,775,935,000).

Additionally, as of December 31, 2025, term deposits mainly issued in local currency are held, for an amount of S/140,840,000, including accrued interest amounting to S/7,774,000 (as of December 31, 2024, term deposits mainly issued in local currency are held, for an amount of S/98,658,000, including accrued interest amounting to S/12,143,000).Said investments present low credit risk and the impairment loss is not material. As of December 31, 2025, the maturity of these investments fluctuates between January 2026 and February 2029, have accrued interest at effective annual rates between 3.00 percent and 5.00 percent, and their fair value amounts to approximately S/140,840,000 (as of December 31, 2024, the maturity of these investments fluctuated between January 2025 and February 2029, have accrued interest at effective annual rates between 3.10 percent and 8.80 percent, and their fair value amounted to approximately S/98,658,000).

During the year 2024, the Government of the Republic of Peru performed public offerings to repurchase certain sovereign bonds, with the purpose of renewing its debt and funding the fiscal deficit. Considering the purpose of this offer, subsequently to it, there should not be existing remaining sovereign bonds of the repurchased issuances or, in case of existing, they would become illiquid on the market. In that sense, during the year 2024, sold S/630,749,000, generating a gain amounting to S/866,000, which was recorded in the caption "Net gain on sale of financial investments" of the interim consolidated statement of income. Additionally, with the purpose of maintaining its asset management strategy, Interbank, during the year 2024, purchased simultaneously other sovereign bonds of the Republic of Peru for approximately S/628,675,000, and classified them as investments at amortized cost. In Management's opinion and pursuant to IFRS 9, said transaction is congruent with the Group's business model because although said sales were significant, they were infrequent and were performed with the sole purpose of facilitating the renewal and the funding of the fiscal deficit of the Republic of Peru, and thus the business model regarding these assets has always been to collection of the contractual cash flows.

------

As of December 31, 2025 and 2024, Interbank holds loans with the BCRP that are guaranteed with these sovereign bonds, classified as restricted, for approximately S/1,436,030,000 and S/1,861,524,000, respectively, see Note 10(a).

As of December 31, 2025 and 2024, Interbank holds loans with foreign banks that are guaranteed with these sovereign bonds, classified as restricted, for approximately S/424,005,000 and S/435,242,000, respectively; see Note 10(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The composition of financial instruments at fair value through profit or loss is as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Equity instruments** |  |  |
| Local and foreign mutual funds and investment funds participations | 1726722 | 1396582 |
| Listed shares | 60334 | 202054 |
| Non-listed shares | 174143 | 154856 |
| **Debt instruments** |  |  |
| Corporate, leasing and subordinated bonds | 4090 | 2172 |
| Sovereign Bonds of the Republic of Peru | 702 | 8538 |
| Sovereign Bonds issued by foreign governments |  | 2431 |
| Negotiable Certificates of Deposits issued by the BCRP |  | 9934 |
| **Total** | 1965991 | 1776567 |

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As of December 31, 2025 and 2024, investments at fair value through profit or loss include investments held for trading for approximately S/163,645,000 and S/152,755,000, respectively; and those assets that are necessarily measured at fair value through profit or loss for approximately S/1,802,346,000 and S/1,623,812,000, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The composition of equity instruments measured at fair value through other comprehensive income is as follow:

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| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Listed shares | 522380 | 420474 |
| Non-listed shares | 33769 | 37794 |
| Total | 556149 | 458268 |

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As of December 31, 2025 and 2024, it corresponds to investments in shares in the biological sciences, distribution of machinery, energy, telecommunications, financial and massive consumption sectors that are listed on the domestic and foreign markets.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Below are the debt instruments measured at fair value through other comprehensive income and at amortized cost, classified by stages, according to the definition by IFRS 9 as of December 31, 2025 and 2024:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** |
| **Debt instruments measured at fair value through other comprehensive income and at amortized cost** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |
| Corporate, leasing and subordinated bonds | 12660521 |  |  | 12660521 |
| Sovereign Bonds of the Republic of Peru | 8697691 | 502423 | 3536 | 9203650 |
| Negotiable Certificates of Deposit issued by the BCRP | 2057692 |  |  | 2057692 |
| Global Bonds of the Republic of Peru | 548040 |  |  | 548040 |
| Bonds guaranteed by the Peruvian government | 483353 |  |  | 483353 |
| Treasury Bonds of the United States of America | 60274 |  |  | 60274 |
| Global Bonds of the United States of Mexico | 25000 |  |  | 25000 |
| Global Bonds of the Republic of Chile | 11380 |  |  | 11380 |
| Term deposits | 133066 |  |  | 133066 |
| **Total** | 24677017 | 502423 | 3536 | 25182976 |
|  | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Debt instruments measured at fair value through other comprehensive income and at amortized cost** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |
| Sovereign Bonds of the Republic of Peru | 11643674 |  |  | 11643674 |
| Corporate, leasing and subordinated bonds | 8126895 | 1046050 |  | 9172945 |
| Negotiable Certificates of Deposit issued by the BCRP | 2113924 |  |  | 2113924 |
| Bonds guaranteed by the Peruvian government | 556554 |  |  | 556554 |
| Global Bonds of the Republic of Peru | 521639 |  |  | 521639 |
| Treasury Bonds of the United States of America | 52525 |  |  | 52525 |
| Global Bonds of the United States of Mexico | 14941 |  |  | 14941 |
| Term deposits | 86515 |  |  | 86515 |
| **Total** | 23116667 | 1046050 |  | 24162717 |

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**6. Loans, net** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is made up as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Direct loans (\*)** |  |  |
| Loans (\*\*) | 39573400 | 38456682 |
| Credit cards and other loans (\*\*\*) | 5564477 | 5386427 |
| Leasing | 1704520 | 1584357 |
| Discounted notes | 1983607 | 1706886 |
| Factoring | 1273562 | 1410968 |
| Advances and overdrafts | 32078 | 101848 |
| Refinanced loans | 467669 | 449438 |
| Past due and under legal collection loans | 1230619 | 1318758 |
|  | 51829932 | 50415364 |
| **Plus (minus)** |  |  |
| Accrued interest from performing loans | 544571 | 569384 |
| Unearned interest and interest collected in advance | (13311) | (25133) |
| Impairment allowance for loans (d) | (1591042) | (1730167) |
| **Total direct loans, net** | 50770150 | 49229448 |
| **Indirect loans** | 5567722 | 5068694 |

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(\*) Under the program "Reactiva Peru", launched by the Peruvian Government in the context of the pandemic Covid-19, as a credit program guaranteed by it, Interbank granted loans for S/6,617,142,000, and the balance as of December 31, 2025 amounts to S/128,116,000, including accrued interest for S/47,970,000; S/20,200,000 being the amount covered by the guarantee of the Peruvian Government (as of December 31, 2024 amounted to S/315,379,000, including accrued interest for S/45,229,000; S/192,948,000 being the amount covered by the guarantee of the Peruvian Government).

(\*\*) As of December 31, 2024, Interbank maintains repo operations of loans represented in securities according to the BCRP's definition. In consequence, loans provided as guarantee amounts to S/123,772,000, and is presented in the caption "Loan, net", and the related liability is presented in the caption "Due to banks and correspondents" of the interim consolidated statement of financial position; see Note 10(b).

(\*\*\*) As of December 31, 2025 and 2024, it includes non-revolving consumer loans for approximately S/2,648,176,000 and S/2,666,284,000, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The classification of the direct loan portfolio is as follows:

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| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Commercial loans (c.1) | 22897732 | 22770495 |
| Consumer loans (c.1) | 15248665 | 15036411 |
| Mortgage loans (c.1) | 11400784 | 10571300 |
| Small and micro-business loans (c.1) | 2282751 | 2037158 |
| **Total** | 51829932 | 50415364 |

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For purposes of estimating the impairment loss in accordance with IFRS 9, the Group's loans are segmented into homogeneous groups that share similar risk characteristic. In this sense, the Group has determined three types of loan portfolios: Retail Banking (consumer and mortgage loans), Commercial Banking (commercial loans) and Small Business Banking (loans to small and micro-business).

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The following table shows the credit quality and maximum exposure to credit risk based on the Group's internal credit rating as of December 31, 2025 and 2024. The amounts presented do not consider impairment.

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Direct loans, (c.1)** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 34551825 | 165769 |  | 34717594 | 32184807 | 340472 |  | 32525279 |
| Standard grade | 7309766 | 1331109 |  | 8640875 | 8332692 | 1513955 |  | 9846647 |
| Substandard grade | 3499980 | 1677609 |  | 5177589 | 2705012 | 1582401 |  | 4287413 |
| Past due but not impaired | 1234628 | 903889 |  | 2138517 | 1335553 | 1172779 |  | 2508332 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 22928 | 22928 |  |  | 23214 | 23214 |
| Collectively |  |  | 1132429 | 1132429 |  |  | 1224479 | 1224479 |
| **Total direct loans** | 46596199 | 4078376 | 1155357 | 51829932 | 44558064 | 4609607 | 1247693 | 50415364 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Contingent Credits: Guarantees and stand by letters, import and export letters of credit (substantially, all indirect loans correspond to commercial loans)** | **Stage 1**<br> S/(000) | **Stage 2**<br> S/(000) | **Stage 3**<br> S/(000) | **Total**<br> S/(000) | **Stage 1**<br> S/(000) | **Stage 2**<br> S/(000) | **Stage 3**<br> S/(000) | **Total**<br> S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 3488080 | 126184 |  | 3614264 | 3434095 | 31240 |  | 3465335 |
| Standard grade | 841497 | 243410 |  | 1084907 | 1055740 | 118821 |  | 1174561 |
| Substandard grade | 683009 | 168619 |  | 851628 | 272352 | 132498 |  | 404850 |
| Past due but not impaired |  |  |  |  |  |  |  |  |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 6182 | 6182 |  |  | 6181 | 6181 |
| Collectively |  |  | 10741 | 10741 |  |  | 17767 | 17767 |
| **Total indirect loans** | 5012586 | 538213 | 16923 | 5567722 | 4762187 | 282559 | 23948 | 5068694 |

---

------

(c.1) The following tables show the credit quality and maximum exposure to credit risk for each classification of the direct loans:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
| **Commercial loans** | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 12679767 | 124088 |  | 12803855 | 11636968 | 290927 |  | 11927895 |
| Standard grade | 4979506 | 1005364 |  | 5984870 | 6274653 | 1024426 |  | 7299079 |
| Substandard grade | 2544331 | 479201 |  | 3023532 | 1749950 | 356019 |  | 2105969 |
| Past due but not impaired | 582186 | 222031 |  | 804217 | 770026 | 345062 |  | 1115088 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 22928 | 22928 |  |  | 23214 | 23214 |
| Collectively |  |  | 258330 | 258330 |  |  | 299250 | 299250 |
| **Total direct loans** | 20785790 | 1830684 | 281258 | 22897732 | 20431597 | 2016434 | 322464 | 22770495 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
| **Consumer loans** | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 11610675 | 16887 |  | 11627562 | 10914268 | 28813 |  | 10943081 |
| Standard grade | 963916 | 183453 |  | 1147369 | 1210504 | 320220 |  | 1530724 |
| Substandard grade | 676148 | 798920 |  | 1475068 | 593507 | 765324 |  | 1358831 |
| Past due but not impaired | 140200 | 386405 |  | 526605 | 180748 | 508336 |  | 689084 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 472061 | 472061 |  |  | 514691 | 514691 |
| **Total direct loans** | 13390939 | 1385665 | 472061 | 15248665 | 12899027 | 1622693 | 514691 | 15036411 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
| **Mortgage loans** | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 9092721 | 24178 |  | 9116899 | 8407045 | 20165 |  | 8427210 |
| Standard grade | 611790 | 7361 |  | 619151 | 528923 | 3714 |  | 532637 |
| Substandard grade | 251017 | 364017 |  | 615034 | 318802 | 400671 |  | 719473 |
| Past due but not impaired | 455704 | 246961 |  | 702665 | 322348 | 244537 |  | 566885 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 347035 | 347035 |  |  | 325095 | 325095 |
| **Total direct loans** | 10411232 | 642517 | 347035 | 11400784 | 9577118 | 669087 | 325095 | 10571300 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
| **Small and micro-business loans** | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Not impaired** |  |  |  |  |  |  |  |  |
| High grade | 1168662 | 616 |  | 1169278 | 1226526 | 567 |  | 1227093 |
| Standard grade | 754554 | 134931 |  | 889485 | 318612 | 165595 |  | 484207 |
| Substandard grade | 28484 | 35471 |  | 63955 | 42753 | 60387 |  | 103140 |
| Past due but not impaired | 56538 | 48492 |  | 105030 | 62431 | 74844 |  | 137275 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 55003 | 55003 |  |  | 85443 | 85443 |
| **Total direct loans** | 2008238 | 219510 | 55003 | 2282751 | 1650322 | 301393 | 85443 | 2037158 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The balances of the direct and indirect loan portfolio and the movement of the respective allowance for expected credit loss, calculated according to IFRS 9, is as follows:

(d.1) Direct loans

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Changes in the allowance for expected credit losses for direct loans, see (d.1.1)** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 439324 | 566636 | 724207 | 1730167 | 545242 | 970271 |  | 1515513 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 310338 |  |  | 310338 | 345800 |  |  | 345800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets matured or derecognized (excluding write-offs) | (116804) | (99816) | (34928) | (251548) | (117510) | (24285) |  | (141795) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 97781 | (97304) | (477) |  | 115241 | (1219) |  | 114022 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (129357) | 136890 | (7533) |  | (142315) | (7448) |  | (149763) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (43195) | (133413) | 176608 |  | (88212) | 468777 |  | 380565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (84502) | 114762 | 776733 | 806993 | (98820) | 1476103 |  | 1377283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (28050) | (18045) | 318892 | 272797 | (120334) | 185680 |  | 65346 |
| **Total** | 6211 | (96926) | 1229295 | 1138580 | (106150) | 2097608 |  | 1991458 |
| Write-offs |  |  | (1424484) | (1424484) |  | (2524919) |  | (2524919) |
| Recovery of written–off loans |  |  | 158309 | 158309 |  | 179683 |  | 179683 |
| Foreign exchange effect | (594) | (1042) | (9894) | (11530) | 232 | 1564 |  | 1796 |
| **Expected credit loss at the end of period** | 444941 | 468668 | 677433 | 1591042 | 439324 | 724207 |  | 1163531 |

---

------

(d.1.1) The following tables show the movement of the allowance for expected credit losses for each classification of the direct loan portfolio:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Commercial loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 16640 | 36158 | 123013 | 175811 | 51611 | 162385 |  | 213996 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 16027 |  |  | 16027 | 35739 |  |  | 35739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (12461) | (15076) | (5456) | (32993) | (27765) | (4083) |  | (31848) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 3401 | (3401) |  |  | 5405 |  |  | 5405 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (9071) | 9235 | (164) |  | (20669) | (762) |  | (21431) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (668) | (1585) | 2253 |  | (2208) | 16779 |  | 14571 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (3310) | (970) | (20104) | (24384) | (4722) | 12108 |  | 7386 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (4148) | (4805) | 88717 | 79764 | (20973) | 9402 |  | (11571) |
| **Total** | (10230) | (16602) | 65246 | 38414 | (35193) | 33444 |  | (1749) |
| Write-offs |  |  | (48668) | (48668) |  | (78217) |  | (78217) |
| Recovery of written–off loans |  |  | 5970 | 5970 |  | 4254 |  | 4254 |
| Foreign exchange effect | (537) | (508) | (7693) | (8738) | 222 | 1147 |  | 1369 |
| **Expected credit loss at the end of period** | 5873 | 19048 | 137868 | 162789 | 16640 | 123013 |  | 139653 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Consumer loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 403740 | 474416 | 494700 | 1372856 | 466606 | 682417 |  | 1149023 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 259855 |  |  | 259855 | 219439 |  |  | 219439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (86482) | (68352) | (11918) | (166752) | (75335) | (8120) |  | (83455) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 76844 | (76388) | (456) |  | 96900 | (1005) |  | 95895 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (111242) | 113341 | (2099) |  | (101634) | (2390) |  | (104024) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (39809) | (121804) | 161613 |  | (73066) | 411355 |  | 338289 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (64694) | 104535 | 756567 | 796408 | (81900) | 1369154 |  | 1287254 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (36907) | (10020) | 208300 | 161373 | (47271) | 188121 |  | 140850 |
| **Total** | (2435) | (58688) | 1112007 | 1050884 | (62867) | 1957115 |  | 1894248 |
| Write-offs |  |  | (1293275) | (1293275) |  | (2310032) |  | (2310032) |
| Recovery of written–off loans |  |  | 140034 | 140034 |  | 165081 |  | 165081 |
| Foreign exchange effect | (3) | (378) | (534) | (915) | 1 | 119 |  | 120 |
| **Expected credit loss at the end of period** | 401302 | 415350 | 452932 | 1269584 | 403740 | 494700 |  | 898440 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Mortgage loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 5523 | 43956 | 44321 | 93800 | 6794 | 54651 |  | 61445 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 3971 |  |  | 3971 | 4114 |  |  | 4114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (392) | (2683) | (9517) | (12592) | (429) | (9267) |  | (9696) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 14968 | (14968) |  |  | 9983 |  |  | 9983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (1733) | 6976 | (5243) |  | (2348) | (4203) |  | (6551) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (1638) | (2492) | 4130 |  | (2025) | 5167 |  | 3142 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (14506) | 4126 | 9761 | (619) | (9606) | 15411 |  | 5805 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 1299 | (12441) | 7807 | (3335) | (969) | (15977) |  | (16946) |
| **Total** | 1969 | (21482) | 6938 | (12575) | (1280) | (8869) |  | (10149) |
| Write-offs |  |  | (3696) | (3696) |  | (1755) |  | (1755) |
| Recovery of written–off loans |  |  |  |  |  |  |  |  |
| Foreign exchange effect | (45) | (91) | (1557) | (1693) | 9 | 294 |  | 303 |
| **Expected credit loss at the end of period** | 7447 | 22383 | 46006 | 75836 | 5523 | 44321 |  | 49844 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Small and micro-business loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 13421 | 12106 | 62173 | 87700 | 20231 | 70818 |  | 91049 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 30485 |  |  | 30485 | 86508 |  |  | 86508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (17469) | (13705) | (8037) | (39211) | (13981) | (2815) |  | (16796) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 2568 | (2547) | (21) |  | 2953 | (214) |  | 2739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (7311) | 7338 | (27) |  | (17664) | (93) |  | (17757) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (1080) | (7532) | 8612 |  | (10913) | 35476 |  | 24563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (1992) | 7071 | 30509 | 35588 | (2592) | 79430 |  | 76838 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 11706 | 9221 | 14068 | 34995 | (51121) | 4134 |  | (46987) |
| **Total** | 16907 | (154) | 45104 | 61857 | (6810) | 115918 |  | 109108 |
| Write-offs |  |  | (78845) | (78845) |  | (134915) |  | (134915) |
| Recovery of written–off loans |  |  | 12305 | 12305 |  | 10348 |  | 10348 |
| Foreign exchange effect | (9) | (65) | (110) | (184) |  | 4 |  | 4 |
| **Expected credit loss at the end of period** | 30319 | 11887 | 40627 | 82833 | 13421 | 62173 |  | 75594 |

---

------

(d.2) Indirect loans (substantially, all indirect loans correspond to commercial loans)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
| **Changes in the allowance for expected credit losses for indirect loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of period** | 2663 | 2250 | 9335 | 14248 | 6624 | 3939 | 7369 | 17932 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 1663 |  |  | 1663 | 2110 |  |  | 2110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured | (1218) | (760) | (1262) | (3240) | (3275) | (1484) | (330) | (5089) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 144 | (144) |  |  | 1265 | (1265) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (626) | 668 | (42) |  | (697) | 961 | (264) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (154) | (7) | 161 |  | (229) | (91) | 320 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (84) | 355 | 369 | 640 | (1001) | (109) | 1202 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (376) | (90) | (470) | (936) | (2155) | 294 | 1035 | (826) |
| **Total** | (651) | 22 | (1244) | (1873) | (3982) | (1694) | 1963 | (3713) |
| Foreign exchange effect | (14) | (4) | (2) | (20) | 21 | 5 | 3 | 29 |
| **Expected credit loss at the end of period, Note 8(a)** | 1998 | 2268 | 8089 | 12355 | 2663 | 2250 | 9335 | 14248 |

---

------

**7. Investment property** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is made up as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** | **Acquisition or construction year** | **Valuation methodology** |
|  | S/(000) | S/(000) |  |  |
| **Land (i)** |  |  |  |  |
| San Isidro – Lima | 282247 | 279775 | 2009 | Appraisal |
| Pardo (Vivanda) | 127278 | 68200 | 2021 | Appraisal/Cost |
| San Martín de Porres – Lima | 86084 | 80389 | 2015 | Appraisal |
| Nuevo Chimbote | 38133 | 37382 | 2021 | Appraisal |
| Ate Vitarte – Lima | 33621 | 32195 | 2006 | Appraisal |
| Santa Clara – Lima | 28907 | 28613 | 2017 | Appraisal |
| Others | 34456 | 33982 | - | Appraisal/Cost |
|  | 630726 | 560536 |  |  |
| **Completed investment property -<br>"Real Plaza" shopping malls (i)** |  |  |  |  |
| Talara | 27063 | 26720 | 2015 | DCF |
|  | 27063 | 26720 |  |  |
| **Buildings (i)** |  |  |  |  |
| Orquideas - San Isidro – Lima | 160093 | 150718 | 2017 | DCF |
| Ate Vitarte – Lima | 155275 | 133768 | 2006 | DCF |
| Chorrillos – Lima | 110166 | 95849 | 2017 | DCF |
| Piura | 105108 | 94907 | 2020 | DCF |
| Paseo del Bosque | 100392 | 100023 | 2021 | DCF |
| Chimbote | 55577 | 48690 | 2015 | DCF |
| Maestro-Huancayo | 40309 | 35004 | 2017 | DCF |
| Cuzco | 35895 | 29843 | 2017 | DCF |
| Panorama – Lima | 25886 | 22474 | 2016 | DCF |
| Others | 94125 | 83256 | - | DCF/Appraisal |
|  | 882826 | 794532 |  |  |
| **Total** | 1540615 | 1381788 |  |  |

---

DCF: Discounted cash flow

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of December 31, 2025 and 2024, there are no liens on investment property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The net gain on investment properties as of December 31, 2025 and 2024, consists of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Gain on valuation | 101104 | 60260 |
| Income from rental | 81164 | 71080 |
| Gain (loss) on sale | 320 | (3176) |
| **Total gain, net** | 182588 | 128164 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The movement of investment property for the years ended December 31, 2025 and 2024, is as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Balance at the beginning of year** | 1381788 | 1298892 |
| Additions | 62723 | 61812 |
| Sales |  | (39176) |
| Gain on valuation | 101104 | 60260 |
| Net transfers | (5000) |  |
| **Balance at the end of the year** | 1540615 | 1381788 |

---

------

**8. Other accounts receivable and other assets, net, and other accounts payable, provisions and other liabilities** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) These captions are comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Other accounts receivable and other assets** |  |  |
| **Financial instruments** |  |  |
| Other accounts receivable, net | 485904 | 540883 |
| POS commission receivable | 250501 | 390126 |
| Accounts receivable from sale of investments | 222002 | 432341 |
| Operations in process | 162517 | 149105 |
| Accounts receivable related to derivative financial instruments (b) | 120878 | 143201 |
| Accounts receivable from short sale operations |  | 61191 |
| Others | 25654 | 14954 |
|  | 1267456 | 1731801 |
| **Non-financial instruments** |  |  |
| Tax paid to recover | 212032 | 673786 |
| Deferred charges | 139215 | 99776 |
| Tax credit for General Sales Tax - IGV | 59990 | 35391 |
| Deferred cost of POS affiliation and registration | 58243 | 85006 |
| Investments in associates | 27257 | 24795 |
| POS equipment supplies | 12729 | 12966 |
| Assets received as payment and seized through legal actions | 5741 | 4158 |
| Others | 10453 | 2499 |
|  | 525660 | 938377 |
| **Total** | 1793116 | 2670178 |

---

------

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Other accounts payable, provisions and other liabilities** |  |  |
| **Financial instruments** |  |  |
| Insurance contract liability with investment component | 2144131 | 1308422 |
| Other accounts payable | 665537 | 665296 |
| Third party compensation (\*) | 496426 | 866665 |
| Operations in process | 354032 | 556543 |
| Accounts payable related to derivative financial instruments (b) | 207084 | 102288 |
| Workers' profit sharing and salaries payable | 171282 | 109395 |
| Accounts payable for purchase of investments | 167301 | 353787 |
| Lease liabilities | 144245 | 143803 |
| Accounts payable to reinsurers and coinsurers | 16776 | 6354 |
| Allowance for indirect loan losses, Note 6(d.2) | 12355 | 14248 |
| Financial liabilities at fair value through profit or loss |  | 61153 |
|  | 4379169 | 4187954 |
| **Non-financial instruments** |  |  |
| Taxes payable | 99076 | 87262 |
| Provision for other contingencies | 44238 | 107078 |
| Deferred income (\*\*) | 41382 | 36394 |
| Registration for use of POS | 8620 | 18005 |
| Others | 13315 | 8839 |
|  | 206631 | 257578 |
| **Total** | 4585800 | 4445532 |

---

(\*) Corresponds mainly to outstanding balances payable to affiliated businesses, for the consumptions made by the card's users, net of the respective fee charged by Izipay, which are mainly settled the day after the transaction was made.

(\*\*) Corresponds mainly to deferred fees for indirect loans (mainly guarantee letters) and the transactions registered in Izipay related to installments pending of accrual within the contract's term with affiliated businesses.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The following table presents, as of December 31, 2025 and 2024, the fair value of derivative financial instruments recorded as assets or liabilities, including their notional amounts.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Liabilities** | **Notional<br>amount** | **Effective part recognized in other comprehensive income during the year** | **Maturity** | **Hedged<br>instruments** | **Caption of the consolidated statement of financial position where the hedged item has been recognized** |
| **As of December 31, 2025** | **S/(000)** | **S/(000)** | **S/(000)** | **S/(000)** |  |  |  |
| **Derivatives held for trading -** |  |  |  |  |  |  |  |
| Forward exchange contracts | 82297 | 34856 | 7055166 |  | Between January 2026 and February 2027 | - | - |
| Interest rate swaps | 20095 | 11332 | 3418425 |  | Between January 2026 and June 2036 | - | - |
| Cross swaps | 6138 | 22626 | 781183 |  | Between January 2026 and December 2030 | - | - |
| Options |  |  | 1920 |  | Between January 2026 and December 2030 | - | - |
|  | 108530 | 68814 | 11256694 |  |  |  |  |
| **Derivatives held as hedges -<br>Cash flow hedges:** |  |  |  |  |  |  |  |
| Cross currency swaps (CCS) |  | 97344 | 1008900 | 14700 | October 2026 | Corporate bonds | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) | 12348 |  | 505200 | 18225 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 7403 | 168150 | (44) | October 2027 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 8178 | 168150 | (141) | September 2027 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 10852 | 67360 | 2669 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 10892 | 67360 | 2545 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 3601 | 33680 | 829 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  |  |  | 596 | - | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  |  |  | 492 | - | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  |  |  | 33 | - | Due to banks | Due to banks and correspondents |
|  | 12348 | 138270 | 2018800 | 39904 |  |  |  |
|  | 120878 | 207084 | 13275494 | 39904 |  |  |  |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Liabilities** | **Notional<br>amount** | **Effective part recognized in other comprehensive income during the year** | **Maturity** | **Hedged<br>instruments** | **Caption of the consolidated statement of financial position where the hedged item has been recognized** |
| **As of December 31, 2024** | S/(000) | S/(000) | S/(000) | S/(000) |  |  |  |
| **Derivatives held for trading -** |  |  |  |  |  |  |  |
| Forward exchange contracts | 22336 | 45012 | 7092071 |  | Between January 2025 and June 2026 | - | - |
| Cross swaps | 11593 | 13277 | 1899348 |  | Between January 2025 and November 2029 | - | - |
| Interest rate swaps | 38817 | 28812 | 1742139 |  | Between January 2025 and June 2036 | - | - |
| Options |  |  | 2518 |  | Between January 2025 and July 2025 | - | - |
|  | 72746 | 87101 | 10736076 |  |  |  |  |
| **Derivatives held as hedges-<br>Cash flow hedges:** |  |  |  |  |  |  |  |
| Cross currency swaps (CCS) | 5953 | 3415 | 1129200 | (6754) | October 2026 | Corporate bonds | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) | 54218 |  | 565500 | (10463) | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) | 3168 |  | 188200 | 1002 | June 2025 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 404 | 188200 | 742 | May 2025 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 5518 | 75400 | (1418) | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 5433 | 75400 | (1537) | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) | 7116 |  | 75280 | 588 | February 2025 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 417 | 37700 | (433) | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  |  |  | 218 | - | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  |  |  | 632 | - | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  |  |  | 243 | - | Due to banks | Due to banks and correspondents |
|  | 70455 | 15187 | 2334880 | (17180) |  |  |  |
|  | 143201 | 102288 | 13070956 | (17180) |  |  |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) As of December 31, 2025 and 2024, certain derivative financial instruments hold collateral deposits; see Note 4(d).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) For the designated hedging derivatives mentioned in the table above, changes in fair values of hedging instruments completely offset the changes in fair values of hedged items; therefore, there has been no hedge ineffectiveness as of December 31, 2025 and 2024. During 2025 and 2024, there were no discontinued hedges accounting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Derivatives held for trading are traded mainly to satisfy clients' needs. The Group may also take positions with the expectation of profiting from favorable movements in prices or rates. Also, this caption includes any derivatives which do not comply with IFRS 9 hedging accounting requirements.

------

**9. Deposits and obligations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is made up as follows:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Saving deposits | 21934950 | 19411720 |
| Time deposits | 19243949 | 19891128 |
| Demand deposits | 14084761 | 13746684 |
| Compensation for service time | 756949 | 711806 |
| Other obligations | 7021 | 6690 |
| **Total** | 56027630 | 53768028 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Interest rates applied to deposits and obligations are determined based on the market interest rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As of December 31, 2025 and 2024, deposits and obligations of approximately S/22,138,836,000 and S/19,978,058,000, respectively, are covered by the Peruvian Deposit Insurance Fund. Likewise, at those dates, the coverage of the Deposit Insurance Fund by each client is up to S/116,700 and S/121,600, respectively.

**10. Due to banks and correspondents** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **By type -** |  |  |
| Banco Central de Reserva del Peru (b) | 1781905 | 1756687 |
| Promotional credit lines | 1975589 | 2090825 |
| Loans received from foreign entities | 3223243 | 3304169 |
| Loans received from Peruvian entities | 122777 | 332165 |
|  | 7103514 | 7483846 |
| Interest and commissions payable | 62500 | 78211 |
|  | 7166014 | 7562057 |
| **By term -** |  |  |
| Short term | 4494183 | 3586376 |
| Long term | 2671831 | 3975681 |
| **Total** | 7166014 | 7562057 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As part of the exceptional measures implemented to mitigate the financial and economic impact generated by the Covid-19 pandemic, the BCRP issued a series of regulations related to the loans repurchase agreements. As of December 31, 2024, Interbank maintains this type of operations guaranteed by a loan portfolio for approximately S/123,772,000. See Note 6(a).

------

**11. Bonds, notes and other obligations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is comprised of the following:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Issuance** | **Issuer** | **Annual<br>interest rate** | **Payment frequency** | **Maturity** | **Amount<br>issued** | **31.12.2025** | **31.12.2024** |
|  |  |  |  |  | (000) | S/(000) | S/(000) |
| **Local issuances** |  |  |  |  |  |  |  |
| **Subordinated bonds – third program (b)** |  |  |  |  |  |  |  |
| Fourth - single series | Interseguro | 7.09375% | Semi-annually | 2034 | US$34,780 | 116965 | 130912 |
| Third - single series | Interseguro | 4.84375% | Semi-annually | 2030 | US$25,000 |  | 94100 |
|  |  |  |  |  |  | 116965 | 225012 |
| **Subordinated bonds – fourth program** |  |  |  |  |  |  |  |
| First (A series) | Interseguro | 6.75% | Semi-annually | 2034 | US$28,706 | 96538 | 108049 |
| First (B series) | Interseguro | 6.50% | Semi-annually | 2035 | US$18,217 | 61264 |  |
| First (C series) | Interseguro | 6.1875% | Semi-annually | 2035 | US$19,386 | 65195 |  |
|  |  |  |  |  |  | 222997 | 108049 |
| **Negotiable certificates of deposits – second program** |  |  |  |  |  |  |  |
| First (D series) | Interbank | 4.56250% | Annual | 2026 | S/ 106,650 | 104107 |  |
| First (E series) | Interbank | 4.46875% | Annual | 2026 | S/ 101,250 | 98127 |  |
| First (A series) | Interbank | 5.21875% | Annual | 2025 | S/112,964 |  | 110010 |
| First (B series) | Interbank | 4.9375% | Annual | 2025 | S/138,435 |  | 133852 |
| First (C series) | Interbank | 4.59375% | Annual | 2025 | S/102,000 |  | 97643 |
|  |  |  |  |  |  | 202234 | 341505 |
| **Corporate bonds – second program** |  |  |  |  |  |  |  |
| Fifth (A series) | Interbank | 3.41% + VAC (\*) | Semi-annually | 2029 | S/150,000 | 150000 | 150000 |
| **Total local issuances** |  |  |  |  |  | 692196 | 824566 |
| **International issuances** |  |  |  |  |  |  |  |
| Corporate bonds | Interbank | 5.000% | Semi-annually | 2026 | S/312,000 | 311910 | 311788 |
| Corporate bonds | Interbank | 3.250% | Semi-annually | 2026 | US$400,000 | 1343800 | 1501894 |
| Senior bonds | IFS | 4.125% | Semi-annually | 2027 | US$300,000 | 950200 | 1062514 |
| Subordinated bonds | Interbank | 7.625% | Semi-annually | 2034 | US$300,000 | 1004174 | 1122122 |
| Subordinated bonds | Interbank | 6.397% | Semi-annually | 2035 | US$350,000 | 1172008 |  |
| Subordinated bonds | Interbank | 4.000% | Semi-annually | 2030 | US$300,000 |  | 1124502 |
| **Total international issuances** |  |  |  |  |  | 4782092 | 5122820 |
| **Total local and international issuances** |  |  |  |  |  | 5474288 | 5947386 |
| Interest payable |  |  |  |  |  | 116120 | 128047 |
| **Total** |  |  |  |  |  | 5590408 | 6075433 |

---

(\*) The Spanish term "Valor de actualización constante" is referred to amounts in Soles indexed by inflation.

------

(b) International issuances are listed at the Luxembourg Stock Exchange. On the other hand, the local and international issuances include standard clauses of compliance with financial ratios, the use of funds and other administrative matters, which have met by the Group as of December 31, 2025 and 2024.

------

**12. Assets and Liabilities for insurance and reinsurance contracts**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is comprised of the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Assets** | **Liabilities** | **Net** | **Assets** | **Liabilities** | **Net** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Reinsurance contracts held (\*)** | (17078) | 4482 | (12596) | (18602) | 1968 | (16634) |
| **Insurance contracts issued** |  |  |  |  |  |  |
| Remaining coverage liability | (40104) | 12744701 | 12704597 |  | 12335922 | 12335922 |
| Liability for claims incurred |  | 314071 | 314071 |  | 186430 | 186430 |
| **Total insurance contracts issued (b) and (c)** | (40104) | 13058772 | 13018668 |  | 12522352 | 12522352 |
| **Total reinsurance contracts held and issued** | (57182) | 13063254 | 13006072 | (18602) | 12524320 | 12505718 |

---

(\*) Correspond to the ceded part of the reinsurance contracts mainly life insurance contracts.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The movement of issued insurance contract liabilities is presented below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** |
|  | **Liabilities remaining coverage** | **Liabilities remaining coverage** | **Liabilities remaining coverage for claims incurred in contracts measured by the general model (BBA) and variable rate model (VFA)** | **Liabilities remaining coverage for claims incurred in contracts measured by the general model (BBA) and variable rate model (VFA)** | **Liabilities Claim incurred contracts measured by the Premium Allocation Approach (PAA)** | **Liabilities Claim incurred contracts measured by the Premium Allocation Approach (PAA)** |  |
|  | **Excluding loss component** | **Loss component** | **Fulfillment <br>Cash Flows (FCF)** | **Risk <br>Adjustment (RA)** | **Fulfillment <br>Cash Flows (FCF)** | **Risk <br>Adjustment (RA)** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Balance as of January 1, 2025** | 11593754 | 742168 | 148101 | 4271 | 33276 | 782 | 12522352 |
| Insurance revenue | (1124367) |  |  |  |  |  | (1124367) |
| &nbsp;&nbsp;Contracts under fair value, BBA and VFA approach | (627801) |  |  |  |  |  | (627801) |
| &nbsp;&nbsp;Contracts under PAA approach | (496566) |  |  |  |  |  | (496566) |
| Insurance service expenses | 171463 | (79043) | 444236 | (2127) | 319554 | 5097 | 859180 |
| &nbsp;&nbsp;Claims and other expenses incurred |  |  | 971901 | 107 | 208745 | 5097 | 1185850 |
| &nbsp;&nbsp;Amortization of insurance acquisition cash flows | 171463 |  |  |  |  |  | 171463 |
| &nbsp;&nbsp;Gains on onerous contracts and reversals of those losses |  | (79043) |  |  |  |  | (79043) |
| &nbsp;&nbsp;Changes to liabilities for incurred claims |  |  | (527665) | (2234) | 110809 |  | (419090) |
| **Insurance service result** | (952904) | (79043) | 444236 | (2127) | 319554 | 5097 | (265187) |
| **Insurance financial expenses** | 1373048 | 76119 |  |  |  |  | 1449167 |
| &nbsp;&nbsp;Insurance financial result | 637678 | 76119 |  |  |  |  | 713797 |
| &nbsp;&nbsp;Interest rate effect | 735370 |  |  |  |  |  | 735370 |
| **Effect of movements in exchange rates** | (474146) | (22241) | (2344) | (183) | (796) | (14) | (499724) |
| **Total changes in the statement of income and other comprehensive income** | (54002) | (25165) | 441892 | (2310) | 318758 | 5083 | 684256 |
| **Net cash flow and investment component** | 447842 |  | (459979) |  | (175803) |  | (187940) |
| &nbsp;&nbsp;Premiums received | 1283022 |  |  |  |  |  | 1283022 |
| &nbsp;&nbsp;Claims and other expenses paid |  |  | (1038800) |  | (175803) |  | (1214603) |
| &nbsp;&nbsp;Insurance acquisition cash flows | (256359) |  |  |  |  |  | (256359) |
| &nbsp;&nbsp;Investment component | (578821) |  | 578821 |  |  |  |  |
| **Balance as of December 31, 2025** | 11987594 | 717003 | 130014 | 1961 | 176231 | 5865 | 13018668 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Liabilities remaining coverage** | **Liabilities remaining coverage** | **Liabilities remaining coverage for claims incurred in contracts measured by the general model (BBA) and variable rate model (VFA)** | **Liabilities remaining coverage for claims incurred in contracts measured by the general model (BBA) and variable rate model (VFA)** | **Liabilities Claim incurred contracts measured by the Premium Allocation Approach (PAA)** | **Liabilities Claim incurred contracts measured by the Premium Allocation Approach (PAA)** |  |
|  | **Excluding loss component** | **Loss component** | **Fulfillment <br>Cash Flows (FCF)** | **Risk <br>Adjustment (RA)** | **Fulfillment <br>Cash Flows (FCF)** | **Risk <br>Adjustment (RA)** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Balance as of January 1, 2024** | 11301149 | 699071 | 155649 | 5257 | 43237 | 1278 | 12205641 |
| Insurance revenue | (768758) |  |  |  |  |  | (768758) |
| &nbsp;&nbsp;Contracts under fair value, BBA and VFA approach | (545835) |  |  |  |  |  | (545835) |
| &nbsp;&nbsp;Contracts under PAA approach | (222923) |  |  |  |  |  | (222923) |
| Insurance service expenses | 136433 | 6872 | 454446 | (990) | 101245 | (497) | 697509 |
| &nbsp;&nbsp;Claims and other expenses incurred |  |  | 979959 | 106 | 47549 | (497) | 1027117 |
| &nbsp;&nbsp;Amortization of insurance acquisition cash flows | 136433 |  |  |  |  |  | 136433 |
| &nbsp;&nbsp;Gains on onerous contracts and reversals of those losses |  | 6872 |  |  |  |  | 6872 |
| &nbsp;&nbsp;Changes to liabilities for incurred claims |  |  | (525513) | (1096) | 53696 |  | (472913) |
| **Insurance service result** | (632325) | 6872 | 454446 | (990) | 101245 | (497) | (71249) |
| **Insurance financial expenses** | 622647 | 32557 |  |  |  |  | 655204 |
| &nbsp;&nbsp;Insurance financial result | 563093 | 32557 |  |  |  |  | 595650 |
| &nbsp;&nbsp;Interest rate effect | 59554 |  |  |  |  |  | 59554 |
| **Effect of movements in exchange rates** | 67098 | 3668 | 292 | 4 | 146 | 1 | 71209 |
| **Total changes in the statement of income and other comprehensive income** | 57420 | 43097 | 454738 | (986) | 101391 | (496) | 655164 |
| **Net cash flow and investment component** | 235185 |  | (462286) |  | (111352) |  | (338453) |
| &nbsp;&nbsp;Premiums received | 1029082 |  |  |  |  |  | 1029082 |
| &nbsp;&nbsp;Claims and other expenses paid |  |  | (1039615) |  | (111352) |  | (1150967) |
| &nbsp;&nbsp;Insurance acquisition cash flows | (216568) |  |  |  |  |  | (216568) |
| &nbsp;&nbsp;Investment component | (577329) |  | 577329 |  |  |  |  |
| **Balance as of December 31, 2024** | 11593754 | 742168 | 148101 | 4271 | 33276 | 782 | 12522352 |

---

------

(c) Following is the movement of the issued insurance contracts' net asset or liability, showing the present value estimates of future cash flows, risk adjustment and the contractual service margin (CSM) for portfolios included in the life insurance unit:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Estimates of the present value of future cash flows** | **Risk <br>Adjustment** | **Contractual Service Margin** | **Total** | **Estimates of the present value of future cash flows** | **Risk <br>Adjustment** | **Contractual Service Margin** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Balance as of January 1** | 11305123 | 277284 | 870851 | 12453258 | 11072275 | 302764 | 742870 | 12117909 |
| Changes that relate to current services |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Contractual service margin recognized for services provided |  |  | (132263) | (132263) |  |  | (94596) | (94596) |
| &nbsp;&nbsp;Risk adjustment recognized for the risk expired |  | (20797) |  | (20797) |  | (12257) |  | (12257) |
| &nbsp;&nbsp;Experience adjustments | (62243) |  |  | (62243) | (30427) |  |  | (30427) |
| Changes that relate to future services |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Contracts initially recognized in the period | (325501) | 18385 | 341071 | 33955 | (260895) | 13417 | 269737 | 22259 |
| &nbsp;&nbsp;Changes in estimates that adjust the contractual service margin | 55515 | (2003) | (53512) |  | 101713 | (6470) | (95243) |  |
| &nbsp;&nbsp;Changes in estimates that do not adjust the contractual service margin | (36850) | (8407) |  | (45257) | 88456 | (36502) |  | 51954 |
| Changes that relate to past services |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Adjustments to liabilities for incurred claims | (15548) | (2322) |  | (17870) | (6806) |  |  | (6806) |
| **Insurance service result** | (384627) | (15144) | 155296 | (244475) | (107959) | (41812) | 79898 | (69873) |
| **Insurance financial expenses** | 1253425 | 57014 | 66019 | 1376458 | 593390 | 15090 | 46348 | 654828 |
| &nbsp;&nbsp;Insurance financial result | 518055 | 57014 | 66019 | 641088 | 533836 | 15090 | 46348 | 595274 |
| &nbsp;&nbsp;Interest rate effect (\*) | 735370 |  |  | 735370 | 59554 |  |  | 59554 |
| **Effect of movements in Exchange rates** | (404414) | (9115) | (12226) | (425755) | 68328 | 1242 | 1735 | 71305 |
| **Total changes in the statement of income and other comprehensive income** | 464384 | 32755 | 209089 | 706228 | 553759 | (25480) | 127981 | 656260 |
| **Cash flows** | (320715) |  |  | (320715) | (320911) |  |  | (320911) |
| &nbsp;&nbsp;Premiums received | 825245 |  |  | 825245 | 812221 |  |  | 812221 |
| &nbsp;&nbsp;Claims and other expenses paid | (1038800) |  |  | (1038800) | (1039615) |  |  | (1039615) |
| &nbsp;&nbsp;Insurance acquisition cash flows | (107160) |  |  | (107160) | (93517) |  |  | (93517) |
| **Balance** | 11448792 | 310039 | 1079940 | 12838771 | 11305123 | 277284 | 870851 | 12453258 |

---

(\*) Balance does not include PPA movement of LRC and LIC, amounting to S/179,897,000 and S/69,904,000 as of December 31, 2025 and 2024, respectively.

------

(d) Following is the CSM movement for insurance contract portfolios using the fair value approach, as of December 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Contractual Service Margin as of January 1** | 870851 | 742870 |
| Changes that relate to current services |  |  |
| &nbsp;&nbsp;Contractual service margin recognized for services provided | (132263) | (94596) |
| Changes that relate to future services |  |  |
| &nbsp;&nbsp;Contracts initially recognized in the period | 341071 | 269737 |
| &nbsp;&nbsp;Changes in estimates that adjust the contractual service margin | (53512) | (95243) |
| **Insurance service result** | 155296 | 79898 |
| **Insurance financial expenses** | 66019 | 46348 |
| **Effect of movements in exchange difference** | (12226) | 1735 |
| **Total changes in the statement of income** | 209089 | 127981 |
| Other movements |  |  |
| **Balance** | 1079940 | 870851 |

---

(e) Reconciliation of the amount included in net unrealized results for insurance premium reserves. On transition to IFRS 17, the Group applied the fair value approach for certain groups of contracts with term-life cover and surrender options. The movement in the fair value reserve for related financial assets measured at fair value through other comprehensive income is disclosed below:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Cumulative other comprehensive income, opening balance** | 682727 | 744116 |
| Losses recognized in other comprehensive income in the period | (735370) | (59554) |
| Rate effect of "Renta Particular" contract (\*) | (1850) | 1065 |
| Others | 725 | (2900) |
| **Cumulative other comprehensive income, closing balance** | (53768) | 682727 |

---

(\*) Comprises the variation in market interest rate of contracts with investment component recorded in the caption "other accounts payable, provisions and other liabilities", see Note 8.

------

**13. Equity** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Capital stock and distribution of dividends -

IFS's shares are listed on the Lima Stock Exchange and, since July 2019, they are listed also on the New York Stock Exchange. IFS's shares have no nominal value and their issuance value was US$9.72 per share. As of December 31, 2025 and 2024, IFS's capital stock is represented by 115,447,705 subscribed and paid-in common shares.

The General Shareholders' Meeting of IFS held on March 31, 2025, agreed to distribute dividends charged to profits for the year 2024 for approximately US$115,443,000 (equivalent to S/420,096,000); at a rate of US$1.00 per share, paid in May 2025.

The General Shareholders' Meeting of IFS held on April 1, 2024, agreed to distribute dividends charged to profits for the year 2023 for approximately US$115,443,000 (equivalent to S/427,369,000); at a rate of US$1.00 per share, paid in April 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Treasury stock -

On March 31, 2023, IFS's shareholders approved the Share Repurchase Program for an amount of up to US$100 million of common shares, which was carried out simultaneously on the Bolsa de Valores de Lima - BVL and the New York Stock Exchange – NYSE, on one or more dates at market prices. The program remained in effect until April 17, 2025. On March 31, 2025, IFS's shareholders approved a new Share Repurchase Program, for an amount of up to US$100 million of common shares under the same conditions as the previous program. This new program will remain in effect until the Board of Directors decides otherwise.

As of December 31, 2025 and 2024, the Company and certain subsidiaries, as a whole, hold 4,365,000 and 2,159,000 shares issued by IFS, with an acquisition cost of US$127,821,000 (equivalent to S/469,546,000) and US$55,704,000 (equivalent to S/206,997,000), respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Capital surplus -

Corresponds to the difference between the nominal value of the shares issued and public offerings price, which were performed in 2007 and 2019. Capital surplus is presented net of the expenses incurred and related to the issuance of such shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Reserves -

The Board of Directors' Meeting of IFS held on March 31, 2025, agreed to constitute reserves for S/800,000,000 charged to retained earnings.

The Board of Directors' Meeting of IFS held on November 12, 2024, agreed to constitute reserves for S/2,300,000,000 charged to retained earnings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Equity for legal purposes (regulatory capital) -

Within the framework of the Consolidated Supervision set out by the Regulation for the Consolidated Supervision of Financial and Mixed Conglomerates, approved by SBS Resolution No. 11823-2010 and amendments, the Intercorp Group must meet certain capital requirements as well as global and concentration limits, among other requirements, applicable to its Financial Group, which is defined by the SBS. As of December 31, 2025 and 2024, the Financial Group is comprised of Intercorp Financial Services Inc., its subsidiaries and Financiera Oh, a related entity and subsidiary of Intercorp Peru Ltd.

On the other hand, Interbank, Interseguro and Inteligo Bank (a Subsidiary of Inteligo Group Corp.), are individually supervised by their respective regulators. In this context, they are also subject to capital requirements and global and concentration limits, among other requirements, which are calculated based on the separate financial statement of each Subsidiary and prepared following the accounting principles and practices of their respective regulators (the SBS or the Central Bank of the Bahamas, in the case of Inteligo Bank).

As of December 31, 2025 and 2024, the Company and its subsidiaries have complied with the capital requirements and complementary provisions established by their regulators for consolidated and individual supervision purposes, as applicable.

------

**14. Tax situation**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) IFS is incorporated and domiciled in the Republic of Panama, is not subject to any Income Tax, or any other taxes on capital gains, equity or property. The Subsidiaries incorporated and domiciled in Peru (see Note 2) are subject to the Peruvian Tax legislation; see paragraph (c).

Peruvian life insurance companies are exempt from Income Tax regarding the income derived from assets linked to technical reserves for pension insurance and pensions from the Private Pension Fund Administration System; as well as income generated through assets related to life insurance contracts with savings component.

In Peru, all income from Peruvian sources obtained from the direct or indirect sale of shares of stock capital representing participation of legal persons domiciled in the country are subject to income tax. For that purpose, an indirect sale shall be considered to have occurred when shares of stock or ownership interests of a legal entity are sold and this legal entity is not domiciled in the country and, in turn, is the holder — whether directly or through other legal entity or entities — of shares of stock or ownership interests of one or more legal entities domiciled in the country, provided that certain conditions established by law occur.

In this sense, the Act states that an assumption of indirect transfer of shares arises when in any of the 12 months prior to disposal, the market value of shares or participation of the legal person domiciled is equivalent to 50 percent or more of the market value of shares or participation of the legal person non-domiciled. Additionally, as a concurrent condition, it is established that in any period of 12 months shares or participations representing 10 percent or more of the capital of legal persons non-domiciled be disposal.

Also, an indirect disposal assumption arises when the total amount of the shares of the domiciled legal person whose indirect disposal is performed, is equal or greater than 40,000 Taxation Units (henceforth "UIT", by its Spanish acronym).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) Natural entities domiciled, as well as legal entities or individuals not domiciled in Peru, are subject to an additional tax (equivalent to 5 percent) on dividends received from entities domiciled in Peru. The corresponding tax is withheld by the entity that distributes the dividends. In this regard, since IFS controls the entities that distribute the dividends, it records the amount of the Income Tax on dividends as expense of the financial year of the dividends received. In this sense,as of December 31, 2025 and 2024, the Company has recorded a provision for income tax on dividends amounting to S/40,829,000 and S/26,076,000, respectively, in the caption "Income Tax" of the interim consolidated statement of income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) IFS's Subsidiaries incorporated in Peru are subject to the payment of Peruvian taxes; hence, they must calculate their tax expenses on the basis of their separate financial statements. The Income Tax rate as of December 31, 2025 and 2024, was 29.5 percent, over the taxable income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) With regard to subsidiaries domiciled in Peru, the Tax Authority (henceforth "Superintendencia Nacional de Aduanas y Administración Tributaria" or "SUNAT", by its Spanish acronym) is legally entitled to review, if applicable, modify the income tax for up to four years subsequent to the tax return regarding a taxable period must be filed.

Following is the detail of the taxable periods subject to inspection by the SUNAT as of December 31, 2025:

---

| | |
|:---|:---|
| **Entity** | **Periods subject to review** |
| Interbank | From 2021 to 2025 |
| Interseguro | From 2021 to 2025 |
| Izipay | From 2021 to 2025 |
| Procesos de Medios de Pago | From 2021 to 2025 |

---

Due to the possible interpretations that the SUNAT may have on the legislation in force, it is not possible to determine at this date whether or not the reviews carried out will result in liabilities for the Subsidiaries; therefore, any higher tax or surcharge that may result from possible tax reviews would be applied to the results of the year in which it is determined.

------

In the normal course of its operations, some subsidiaries maintain tax procedures related with activities performed in Peru. Following is the description of the most relevant tax procedures for the main businesses:

**Interbank:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax periods from 2000 to 2006:* 

For these periods, the most relevant matter subject to discrepancy with SUNAT corresponds to whether the "interest in suspense" are subject to Income Tax or not. In this sense, Interbank considers that the interest in suspense does not constitute accrued income, in accordance with the SBS's regulations and IFRS accounting standards, which is also supported by a ruling by the Permanent Constitutional and Social Law Chamber of the Supreme Court issued in August 2009 and a pronouncement in June 2019.

In this context, regarding the Tax Period 2003 review and after a prolonged claims process in various instances, in October 2024, through Resolution of Coactive Collection, SUNAT required Interbank the payment of the liability from the third-category Income Tax corresponding the period 2003 for approximately S/17,800,000 (including taxes, fines and arrears). Although this amount was paid in November 2024, the case continues at the Judiciary and the payment made has been recorded as "Tax paid to recover" in the caption "Other accounts receivable and other assets, net"; see Note 8(a).

Regarding Tax Period 2004 review, in May 2025, through Resolution of Coactive Collection, SUNAT required Interbank to pay the tax liability regarding the advance payments of the Income Tax corresponding to the periods March to December 2004, for approximately S/7,000,000 (including fines and arrears). Interbank paid in May 2025; however, the case continues its course at the Judiciary. This payment has been recorded as "Tax paid to recover" in the caption "Other accounts receivable and other assets, net"; see Note 8(a).

Regarding Tax Period 2005 review, in March 2025, through Resolution of Coactive Collection, SUNAT notified the payment of the tax liability for S/11,300,000 (comprising the tax, fines and arrears). Interbank paid in April 2025; however, the process is under way in the Judiciary. This payment has been recorded as "Tax paid to recover" in the caption "Other accounts receivable and other assets, net"; see Note 8(a).

On the other hand, regarding Tax period 2006 review, Interbank was notified with Resolutions of Coactive Collection regarding the Income Tax and the advance payments of the third-category Income Tax for approximately S/3,100,000 and S/28,800,000, respectively. Interbank paid in June 2025; however, the case continues its course at Judiciary. This payment has been recorded as "Tax paid to recover" in the caption "Other accounts receivable and other assets, net"; see Note 8(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2010:* 

In February 2017, SUNAT closed the audit procedure corresponding to the Income Tax for the year 2010. Interbank paid the debt under protest and filed a claim recourse. As of the date of this report, the procedure has been appealed, and it is pending resolution by the Tax Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2012:* 

In July 2020, Interbank was notified of the Determination and Penalty Resolutions corresponding to the audit of the third-category Income Tax for the fiscal year 2012. As of the date of this report, the process is on appeal, pending resolution by the Tax Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2013:* 

In December 2022, the SUNAT through Resolution of Coactive Collection, notified the payment of the third-category Income Tax debt corresponding to the period 2013, for approximately S/62,000,000 (which includes the tax, fines and interest arrears). Interbank paid in February 2023; however, the process continues before the Judiciary instance. This payment was recorded as "Tax paid to recover", in the caption "Other accounts receivable and other assets, net"; see Note 8(a).

In November 2025, the SUNAT through a Compliance Resolution, notified a new debt amounting to S/35,800,000; however, the case is under appeal before the Tax Court.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2014, 2015, 2017 and 2018:* 

On the other hand, tax audits for periods 2014, 2015, 2017 and 2018 are under appeal, pending resolution by the Tax Court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2019:*

In October 2023 and February 2024, the SUNAT notified the beginning of the audit process to Interbank regarding the third-category Income Tax corresponding to the period 2019 and Transfer Prices for the period 2019, respectively. In May 2025, Interbank was notified with Resolutions of Determination and of Penalties corresponding the Income Tax and advance payments of the third-category Income Tax for the period 2019, for approximately S/5,000,000. Interbank paid and recorded this amount as "Tax paid to recover", in the caption "Other accounts receivable and other assets, net", see Note 8(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•*Tax period 2020:*

As of the date of this report, the 2020 tax period is under audit.

In the opinion of Management and its legal advisors, any eventual additional tax payment would not be significant for the financial statements as of December 31, 2025, and 2024.

**Procesos de Medios de Pago:**

In December 2024, SUNAT concluded the definite audit procedure of the Income Tax for the period 2020, without material observations.

**Izipay:**

As of December 31, 2025 and 2024, Izipay maintains carryforward tax losses amounting to S/104,290,500 and S/70,043,812, respectively. In application of current tax regulations, Izipay opted for system "B" to offset its tax losses. Through this system, the tax loss may be offset against the net income obtained in the following years, up to 50 percent of said income until they are extinguished; therefore, they do not have an expiration date.

In the opinion of IFS' Management, its Subsidiaries and its legal advisors, any eventual additional tax would not be significant for the financial statements as of December 31, 2025 and 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) IFS's Subsidiaries recognize the period's Income Tax expense using the best estimate of the tax rate. The table below presents the amounts reported in the interim consolidated statements of income:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Current – Expense | 526913 | 188236 |
| Current – Dividend expense, Note 14(b) | 40829 | 26076 |
| Deferred – (Income) expense | (37490) | 100053 |
|  | 530252 | 314365 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In 2024, The Bahamas implemented a Qualified Domestic Minimum Top-Up Tax (QDMTT) pursuant to the rules of the global minimum corporate tax rate, published by the Organization for Economic Co-operation and Development ("OECD"). This tax is applicable starting in the period 2025 to multinational groups with consolidated annual revenues of at least €750,000,000, which will be subject to a minimum effective tax rate of 15 percent. In the opinion of IFS' Management and its legal advisors, the application of this regulation would not have a significant impact on the Group's consolidated financial statements.

------

**15. Interest income and expenses, and similar accounts** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)This caption is comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Interest and similar income** |  |  |
| Interest on loan portfolio | 5081018 | 5157744 |
| Impact from the modification of contractual cash flows due to the loan rescheduling schemes | (456) | 510 |
| Interest on investments at fair value through other comprehensive income | 1186037 | 1218304 |
| Interest on due from banks and inter-bank funds | 297662 | 372622 |
| Interest on investments at amortized cost | 230445 | 217716 |
| Dividends on financial instruments | 76776 | 49396 |
| Others | 16895 | 13099 |
| **Total** | 6888377 | 7029391 |
| **Interest and similar expenses** |  |  |
| Interest and fees on deposits and obligations | (1245794) | (1495881) |
| Interest and fees on obligations with financial institutions | (413547) | (482392) |
| Interest on bonds, notes and other obligations | (386383) | (327385) |
| Insurance contract expense with investment component | (103962) | (71202) |
| Deposit insurance fund fees | (90604) | (86776) |
| Interest on lease payments | (9545) | (7627) |
| Others | (9136) | (9007) |
| **Total** | (2258971) | (2480270) |

---

------

**16. Fee income from financial services, net** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)This caption is comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Income** |  |  |
| **Performance obligations at a point in time:** |  |  |
| Accounts maintenance, carriage, transfers, and debit and credit card fees | 797419 | 755432 |
| Income from services (acquirer and issuer role) (b) | 718192 | 733885 |
| Banking service fees | 241186 | 196985 |
| Brokerage and custody services | 12196 | 8116 |
| Others | 24433 | 30370 |
| **Performance obligations over time:** |  |  |
| Funds management | 177450 | 158928 |
| Contingent loans fees | 65988 | 67045 |
| Collection services | 51520 | 55978 |
| Others | 27376 | 18694 |
| **Total** | 2115760 | 2025433 |
| **Expenses** |  |  |
| Expenses for services (acquirer and issuer role) (b) | (346441) | (343038) |
| Credit cards | (162571) | (177492) |
| Credit card processing commissions | (114604) | (103838) |
| Local banks fees | (75522) | (71564) |
| Digital services fees | (71059) | (53857) |
| Credit life insurance premiums | (67244) | (71239) |
| Foreign banks fees | (27809) | (25778) |
| Others | (30879) | (35684) |
| **Total** | (896129) | (882490) |
| **Net** | 1219631 | 1142943 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)Corresponds to the management and operation of the shared service of transaction processing of credit and debit cards, for clients of Izipay.

------

**17. Other income and (expenses)** 

This caption is comprised of the following:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Other income** |  |  |
| Gain from sale of written-off-loans | 39255 | 2542 |
| Maintenance, installation and sale of POS equipment | 21296 | 23269 |
| Other technical income from insurance operations | 9342 | 4162 |
| Participation in investments in associates | 7612 | 7447 |
| Services rendered to third parties | 6800 | 8223 |
| Income from ATM rentals | 5545 | 5507 |
| Profit from sale of property, furniture and equipment | 2078 | 12879 |
| Others | 49535 | 57193 |
| **Total other income** | 141463 | 121222 |
| **Other expenses** |  |  |
| Commissions from insurance activities | (61066) | (38780) |
| Administrative and tax penalties | (17675) | (16277) |
| Expenses related to rental income | (13294) | (12607) |
| Sundry technical insurance expenses | (11458) | (14414) |
| Provision for accounts receivable | (8673) | (11508) |
| Donations | (4418) | (4826) |
| Write-off of intangibles | (3166) | (10400) |
| Provision for sundry risk | (2633) | (29290) |
| Others | (38114) | (56857) |
| **Total other expenses** | (160497) | (194959) |

---

------

**18. Result from insurance activities**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This caption is comprised of the following:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Massive** | **Pensions** | **Life** | **Total** | **Massive** | **Pensions** | **Life** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Insurance service income -** |  |  |  |  |  |  |  |  |
| Contracts measured under BBA and VFA (\*): |  |  |  |  |  |  |  |  |
| CSM recognized for services rendered | 56979 | 11416 | 63868 | 132263 | 61800 | 3970 | 28826 | 94596 |
| Change in Risk adjustment for non-financial risk | 2826 | 15208 | 1594 | 19628 | 3083 | 7756 | (358) | 10481 |
| Insurance service expenses and expected claims incurred | 70961 | 287259 | 97386 | 455606 | 68268 | 282141 | 74944 | 425353 |
| Recovery of cash for insurance acquisition | 5028 | 923 | 14352 | 20303 | 4846 | 536 | 10023 | 15405 |
| Contracts measured under PAA: |  |  |  |  |  |  |  |  |
| Premiums assigned to the period | 241217 | 251447 | 3902 | 496566 | 219600 |  | 3323 | 222923 |
|  | 377011 | 566253 | 181102 | 1124366 | 357597 | 294403 | 116758 | 768758 |
| **Insurance service expenses -** |  |  |  |  |  |  |  |  |
| Claims incurred expenses and other expenses | (93054) | (951035) | (141761) | (1185850) | (84337) | (816857) | (125923) | (1027117) |
| Onerous contract losses and loss reversion | 944 | 75100 | 2999 | 79043 | 7095 | 50870 | (188) | 57777 |
| Amortization of insurance acquisition cash flows | (156188) | (923) | (14352) | (171463) | (125876) | (536) | (10021) | (136433) |
| Changes to liabilities for incurred claims | (58636) | 422727 | 54999 | 419090 | (70556) | 487468 | 56001 | 472913 |
|  | (306934) | (454131) | (98115) | (859180) | (273674) | (279055) | (80131) | (632860) |
| **Insurance service results** | 70077 | 112122 | 82987 | 265186 | 83923 | 15348 | 36627 | 135898 |
| Reinsurance income | (957) | (2527) | (4954) | (8438) | (4009) | (3166) | (7432) | (14607) |
| Financial result of insurance operations (b) |  | (652135) | (61662) | (713797) |  | (627062) | (32903) | (659965) |
| **Result from insurance activities (\*\*)** | 69120 | (542540) | 16371 | (457049) | 79914 | (614880) | (3708) | (538674) |

---

(\*) BBA Method (Building Block Approach) and VFA Method (Variable Fee Approach).

(\*\*) Before expenses attributed to the insurance activity that are presented in the caption "Other expenses" in the interim consolidated statement of income, and that correspond to salaries and employee benefits, administrative expenses, depreciation and amortization, and other expenses for S/409,252,000 and S/368,885,000 as of December 31, 2025 and 2024, respectively. See also segment information in Note 21.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The composition of the financial result of insurance operations, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Pensions** | **Life** | **Total** | **Pensions** | **Life** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Financial expenses for issued insurance contracts -** |  |  |  |  |  |  |
| Changes in the obligation to pay the fair value holder of the underlying assets of direct participation agreements due to the investment's return |  | (13571) | (13571) |  | 96 | 96 |
| Interest credited | (566646) | (43705) | (610351) | (562252) | (35858) | (598110) |
| Changes in interest rate and other financial hypotheses | (63245) | 3894 | (59351) | (64811) | 3879 | (60932) |
| Effect of changes in current estimates and in CSM adjustment rates in relation to the rates used in the initial recognition | (22244) | (8280) | (30524) | 1 | (1020) | (1019) |
| **Financial results from insurance operations** | (652135) | (61662) | (713797) | (627062) | (32903) | (659965) |

---

------

**19. Earnings per share** 

The following table presents the calculation of the weighted average number of shares and the basic and diluted earnings per share, determined and calculated based on the earnings attributable to the Group:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Outstanding<br>shares** | **Shares considered in computation** | **Effective days in the year** | **Weighted average number of shares outstanding** |
|  | (in thousands) | (in thousands) |  | (in thousands) |
| **Year 2024** |  |  |  |  |
| Balance as of January 1 | 114480 | 114480 | 365 | 114480 |
| Sale of treasury stock | 2 | 2 | 41 | 0 |
| Purchase of treasury stock | (1194) | (1194) | 59 | (193) |
| **Balance as of December 31, 2024** | 113288 | 113288 |  | 114287 |
| **Net earnings attributable to IFS's shareholders S/(000)** |  |  |  | 1300078 |
| **Earnings per share attributable to IFS's shareholders in Soles (basic and diluted)** |  |  |  | 11.376 |
| **Year 2025** |  |  |  |  |
| Balance as of January 1 | 113288 | 113288 | 365 | 113288 |
| Purchase of treasury stock | (2206) | (2206) | 261 | (1575) |
| **Balance as of December 31, 2025** | 111082 | 111082 |  | 111713 |
| **Net earnings attributable to IFS's shareholders S/(000)** |  |  |  | 1932470 |
| **Earnings per share attributable to IFS's shareholders in Soles (basic and diluted)** |  |  |  | 17.299 |

---

**20. Transactions with related parties and affiliated entities** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The table below presents the main transactions with related parties and affiliated entities as of December 31, 2025 and 2024 and for the years ended on those dates:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Assets** |  |  |
| Instruments at fair value through profit or loss | 353 | 819 |
| Investments at fair value through other comprehensive income | 74104 | 72906 |
| Loans, net (b) | 2272336 | 1805083 |
| Accounts receivable | 105897 | 87889 |
| Other assets | 9606 | 11454 |
| **Liabilities** |  |  |
| Deposits and obligations | 1430409 | 1084713 |
| Other liabilities | 120612 | 224391 |
| **Off-balance sheet accounts** |  |  |
| Indirect loans (b) | 65778 | 59399 |
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Income (expenses)** |  |  |
| Interest and similar income | 138448 | 117713 |
| Rental income | 37685 | 28833 |
| Interest and similar expenses | (25449) | (32031) |
| Administrative expenses | (42530) | (45320) |
| Gain (loss) on sale of investment property | 320 | (3176) |
| Others, net | 64899 | 61889 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of December 31, 2025 and 2024, the detail of loans is the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Direct <br>Loans** | **Indirect <br>Loans** | **Total** | **Direct <br>Loans** | **Indirect <br>Loans** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| Affiliated | 1581492 | 15908 | 1597400 | 1502218 | 15731 | 1517949 |
| Associates | 690844 | 49870 | 740714 | 302865 | 43668 | 346533 |
|  | 2272336 | 65778 | 2338114 | 1805083 | 59399 | 1864482 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As of December 31, 2025 and 2024, the directors, executives and employees of the Group have been involved in credit transactions with certain subsidiaries of the Group, between the permitted limits by Peruvian law for financial entities. As of December 31, 2025 and 2024, direct loans to employees, directors and executives amounted to S/256,398,000 and S/235,235,000, respectively; said loans are repaid monthly and bear interest at market rates.

There are no loans to the Group's directors and key personnel guaranteed with shares of any Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Group's key personnel basic remuneration for the years ended December 31, 2025 and 2024, is presented below:

---

| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Salaries | 34736 | 32865 |
| Board of Directors' compensations | 3276 | 3456 |
| **Total** | 38012 | 36321 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) As of December 31, 2025 and 2024, the Group holds participation in different mutual funds that are managed by its subsidiary Interfondos, which are classified as investments at fair value through profit or loss for S/184,000 and S/2,364,000, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In Management's opinion, transactions with related companies have been performed under market conditions and within the limits set by the SBS.

**21. Business segments** 

The Chief Operating Decision Maker ("CODM") of IFS is the Chief Executive Officer ("CEO").

The business segments monitor the operating results of their business units separately to make decisions on the distribution of resources and performance assessment. The segments' performance is assessed based on operating profit or loss and is measured consistently with operating profit or loss in the consolidated financial statements. Transfer prices between operating segments are on an arm's length basis in a manner similar to transactions with third parties.

As of December 31, 2025 and 2024, the Group presents three operating business segments:

Banking -

Mainly loans, credit facilities, deposits and current accounts.

Insurance -

It provides life annuity products with single-premium payment and conventional life insurance products, as well as other retail insurance products.

Wealth management -

It provides brokerage and investment management services. Inteligo serves mainly Peruvian citizens.

------

The following table presents the Group's financial information by business segments for the years ended December 31, 2025 and 2024:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** |
|  | **Banking** | **Insurance** | **Wealth<br>management** | **Holding, other subsidiaries and eliminations <br>(\*)** | **Total<br>consolidated** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Consolidated statement of income data** |  |  |  |  |  |
| Interest and similar income | 5815686 | 921779 | 160076 | (9164) | 6888377 |
| Interest and similar expenses | (1980679) | (184452) | (98572) | 4732 | (2258971) |
| **Net interest and similar income** | 3835007 | 737327 | 61504 | (4432) | 4629406 |
| (Loss) recovery due to impairment of loans | (1136727) |  | 20 |  | (1136707) |
| (Loss) recovery due to impairment of financial investments | (29) | (264123) | 376 | 15 | (263761) |
| **Net interest and similar income after impairment loss on loans** | 2698251 | 473204 | 61900 | (4417) | 3228938 |
| Fee income from financial services, net | 884627 | (12622) | 195956 | 151670 | 1219631 |
| Net gain (loss) on sale of financial investments | 67504 | 34942 | (391) |  | 102055 |
| Other income | 552740 | 237079 | 162869 | 143133 | 1095821 |
| Result from insurance activities |  | (47777) |  | (20) | (47797) |
| Depreciation and amortization | (307101) | (20427) | (8285) | (114454) | (450267) |
| Other expenses | (1942039) | (425609) | (166997) | (178293) | (2712938) |
| **Income (loss) before translation result and Income Tax** | 1953982 | 238790 | 245052 | (2381) | 2435443 |
| Exchange difference | 2438 | 35747 | (1137) | 956 | 38004 |
| Income Tax | (481424) |  | (12779) | (36049) | (530252) |
| **Net profit (loss) for the year** | 1474996 | 274537 | 231136 | (37474) | 1943195 |
| **Attributable to:** |  |  |  |  |  |
| IFS's shareholders | 1474996 | 274537 | 231136 | (48199) | 1932470 |
| Non-controlling interest |  |  |  | 10725 | 10725 |
|  | 1474996 | 274537 | 231136 | (37474) | 1943195 |

---

(\*) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Banking** | **Insurance** | **Wealth<br>management** | **Holding, other subsidiaries and eliminations (\*)** | **Total<br>consolidated** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Consolidated statement of income data** |  |  |  |  |  |
| Interest and similar income | 5969629 | 870993 | 178160 | 10609 | 7029391 |
| Interest and similar expenses | (2217197) | (153464) | (108466) | (1143) | (2480270) |
| **Net interest and similar income** | 3752432 | 717529 | 69694 | 9466 | 4549121 |
| Loss on loans, net of recoveries | (1719913) |  | (266) |  | (1720179) |
| Loss due to impairment of financial investments | (982) | (45910) | (585) | (44) | (47521) |
| **Net interest and similar income after impairment loss on loans** | 2031537 | 671619 | 68843 | 9422 | 2781421 |
| Fee income from financial services, net | 791815 | (10628) | 170955 | 190801 | 1142943 |
| Net gain (loss) on sale of financial investments | 12995 | 17664 | (4115) |  | 26544 |
| Other income | 500512 | 103571 | 89331 | 71653 | 765067 |
| Result from insurance activities |  | (169750) |  | (39) | (169789) |
| Depreciation and amortization | (294514) | (22091) | (8734) | (87718) | (413057) |
| Other expenses | (1762494) | (379087) | (166789) | (178789) | (2487159) |
| **Income before translation result and Income Tax** | 1279851 | 211298 | 149491 | 5330 | 1645970 |
| Exchange difference | (7402) | (9390) | (2066) | (5286) | (24144) |
| Income Tax | (265096) |  | (10089) | (39180) | (314365) |
| **Net profit (loss) for the year** | 1007353 | 201908 | 137336 | (39136) | 1307461 |
| **Attributable to:** |  |  |  |  |  |
| IFS's shareholders | 1007353 | 201908 | 137336 | (46519) | 1300078 |
| Non-controlling interest |  |  |  | 7383 | 7383 |
|  | 1007353 | 201908 | 137336 | (39136) | 1307461 |

---

(\*) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** | **31.12.2025** |
|  | **Banking** | **Insurance** | **Wealth<br>management** | **Holding, other subsidiaries and eliminations <br>(\*)** | **Total<br>consolidated** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Capital investments (\*\*)** | 461646 | 65369 | 7859 | 51251 | 586125 |
| **Total assets** | 76763239 | 17461132 | 4118540 | 754516 | 99097427 |
| **Total liabilities** | 66505666 | 16615842 | 3019002 | 535073 | 86675583 |
|  | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** | **31.12.2024** |
|  | **Banking** | **Insurance** | **Wealth<br>management** | **Holding, other subsidiaries and eliminations <br>(\*)** | **Total<br>consolidated** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Capital investments (\*\*)** | 277836 | 65335 | 5879 | 62815 | 411865 |
| **Total assets** | 73626419 | 16175883 | 4316010 | 1385469 | 95503781 |
| **Total liabilities** | 64753475 | 15618274 | 3271899 | 881538 | 84525186 |

---

(\*) Corresponds to financial information of IFS and other subsidiaries, as well as consolidation adjustments and elimination of intercompany transactions.

(\*\*) It includes the purchase of property, furniture and equipment, intangible assets and investment properties.

The distribution of the Group's total income based on the location of the customer and its assets for the year ended December 31, 2025, is S/10,876,215,000 in Peru and S/450,164,000 in Panama (for the year ended December 31, 2024, was S/10,232,012,000 in Peru and S/383,179,000 in Panama). The distribution of the Group's total assets based on the location of the customer and its assets as of December 31, 2025 is S/95,125,697,000 in Peru and S/3,971,730,000 in Panama (for the year ended December 31, 2024, was S/91,323,869,000 in Peru and S/4,179,912,000 in Panama).

------

**22. Financial instruments classification** 

The financial assets and liabilities of the consolidated statement of financial position as of December 31, 2025 and 2024, are presented below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
|  | **At fair value through profit or loss** | **Debt instruments measured at fair value through other comprehensive income** | **Equity instruments measured at fair value through other comprehensive income** | **Amortized cost** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Financial assets** |  |  |  |  |  |
| Cash and due from banks |  |  |  | 14035949 | 14035949 |
| Inter-bank funds |  |  |  | 40006 | 40006 |
| Financial investments | 1965991 | 21662651 | 556149 | 3989015 | 28173806 |
| Loans, net |  |  |  | 50770150 | 50770150 |
| Due from customers on acceptances |  |  |  | 51332 | 51332 |
| Other accounts receivable and other assets, net | 120878 |  |  | 1146578 | 1267456 |
| Reinsurance contracts assets |  |  |  | 57182 | 57182 |
|  | 2086869 | 21662651 | 556149 | 70090212 | 94395881 |
| **Financial liabilities** |  |  |  |  |  |
| Deposits and obligations |  |  |  | 56027630 | 56027630 |
| Inter-bank funds |  |  |  | 55019 | 55019 |
| Due to banks and correspondents |  |  |  | 7166014 | 7166014 |
| Bonds, notes and other obligations |  |  |  | 5590408 | 5590408 |
| Due from customers on acceptances |  |  |  | 51332 | 51332 |
| Insurance and reinsurance contract liabilities |  |  |  | 13063254 | 13063254 |
| Other accounts payable, provisions and other liabilities | 207084 |  |  | 4172085 | 4379169 |
|  | 207084 |  |  | 86125742 | 86332826 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **At fair value through profit or loss** | **Debt instruments measured at fair value through other comprehensive income** | **Equity instruments measured at fair value through other comprehensive income** | **Amortized cost** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Financial assets** |  |  |  |  |  |
| Cash and due from banks |  |  |  | 12615226 | 12615226 |
| Inter-bank funds |  |  |  | 220060 | 220060 |
| Financial investments | 1776567 | 20724892 | 458268 | 3898198 | 26857925 |
| Loans, net |  |  |  | 49229448 | 49229448 |
| Due from customers on acceptances |  |  |  | 9163 | 9163 |
| Other accounts receivable and other assets, net | 143201 |  |  | 1588600 | 1731801 |
| Reinsurance contracts assets |  |  |  | 18602 | 18602 |
|  | 1919768 | 20724892 | 458268 | 67579297 | 90682225 |
| **Financial liabilities** |  |  |  |  |  |
| Deposits and obligations |  |  |  | 53768028 | 53768028 |
| Due to banks and correspondents |  |  |  | 7562057 | 7562057 |
| Bonds, notes and other obligations |  |  |  | 6075433 | 6075433 |
| Due from customers on acceptances |  |  |  | 9163 | 9163 |
| Insurance and reinsurance contract liabilities |  |  |  | 12524320 | 12524320 |
| Other accounts payable, provisions and other liabilities | 163441 |  |  | 4024513 | 4187954 |
|  | 163441 |  |  | 83963514 | 84126955 |

---

------

**23. Financial risk management**

It comprises the management of the main risks, that due to the nature of their operations, IFS and its Subsidiaries are exposed to; and correspond to: credit risk, market risk, liquidity risk, insurance risk and real estate risk.

To manage the risks detailed above, every Subsidiary of the Group has a specialized structure and organization in their management, measurement systems, as well as mitigation and coverage processes, according to specific regulatory needs and requirements for the development of its business. The Group and its Subsidiaries, mainly Interbank, Interseguro and Inteligo Bank, operate independently but in coordination with the general provisions issued by the Board of Directors and Management of IFS. The Board of Directors and Management of IFS are ultimately responsible for identifying and controlling risks. The Company has an Audit Committee comprised of three independent directors, pursuant to Rule 10A-3 of the Securities Exchange Act of the United States; and one of them is a financial expert according to the regulations of the New York Stock Exchange. The Audit Committee is appointed by the Board of Directors and its main purpose is to monitor and supervise the preparation processes of financial and accounting information, as well as the audits over the financial statements of IFS and its Subsidiaries. Also, the Company has an Internal Audit Division which is responsible for monitoring the key processes and controls to ensure adequate low risk control according to the standards defined in the Sarbanes Oxley Act.

A full description of the Group's financial risk management is presented in Note 29 "Financial risk management" of the Annual Consolidated Financial Statements; following is presented the financial information related to credit risk management for the loan portfolio, offsetting of financial assets and liabilities, and foreign exchange risk.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Credit risk management for loans -

Interbank's loan portfolio is segmented into homogeneous groups that shared similar credit risk characteristics. These groups are: (i) Retail Banking (consumer and mortgage loans), (ii) Small Business Banking (small and micro-business loans), and (iii) Commercial Banking (commercial loans). In addition, at Inteligo Bank, the internal model developed (scorecard) assigns 5 levels of credit risk classified as follows: low risk, medium low risk, medium risk, medium high risk, and high risk. These categories are described in Note 29.1(d) of the audited Annual Consolidated Financial Statements.

Additionally, Interbank monitors constantly the occurrence or not of certain events thar might affect the behavior and performance of the expected credit losses of its clients. Therefore, certain subsequent adjustments to the expected loss model are recorded to be able to capture the effects of the current situation, which has generated a high level of uncertainty in the estimation of the loan's expected loss.

In compliance with the policy of monitoring the Group's credit risk, during 2025 Interbank performed the recalibration process of its risk parameters for the calculation of the expected credit losses.

The Group structures the levels of credit risk it undertakes by placing limits on the amount of risk accepted in relation to one borrower or groups of borrowers, geographical and industry segments. Said risks are monitored on a revolving basis and subject to continuous review.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Offsetting of financial assets and liabilities -

The information contained in the tables below includes financial assets and liabilities that:

- Are offset in the statement of financial position of the Group; or

- Are subject to an enforceable master netting arrangement or similar agreement that covers similar financial instruments, regardless of whether they are offset in the interim consolidated statement of financial position or not.

Similar arrangements of the Group include derivatives clearing agreements. Financial instruments such as loans and deposits are not disclosed in the following tables since they are not offset in the interim consolidated statement of financial position.

The offsetting framework agreement issued by the International Swaps and Derivatives Association Inc. ("ISDA") and similar master netting arrangements do not meet the criteria for offsetting in the statement of financial position, because of such agreements were created in order for both parties to have an enforceable offsetting right in cases of default, insolvency or bankruptcy of the Group or the counterparties or following other predetermined events. In addition, the Group and its counterparties do not intend to settle such instruments on a net basis or to realize the assets and settle the liabilities simultaneously.

The Group receives and delivers guarantees in the form of cash with respect to transactions with derivatives; see Note 4.

------

(b.1) Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2025 and 2024, are presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Related amounts not offset in the consolidated statement of financial position** | **Related amounts not offset in the consolidated statement of financial position** |  |
|  | **Gross amounts of recognized financial assets** | **Gross amounts of recognized financial liabilities and offset in the consolidated statement of financial position** | **Net amounts of financial assets presented in the consolidated statement of financial position** | **Financial instruments (including non-cash guarantees)** | **Cash guarantees received** | **Net amount** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **As of December 31, 2025** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 120878 |  | 120878 | (31633) | (60063) | 29182 |
| **Total** | **120878** |  | **120878** | **(31633)** | **(60063)** | **29182** |
| **As of December 31, 2024** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 143201 |  | 143201 | (30231) | (35645) | 77325 |
| **Total** | **143201** |  | **143201** | **(30231)** | **(35645)** | **77325** |

---

------

(b.2) Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements as of December 31, 2025 and 2024, are presented below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Related amounts not offset in the consolidated statement of financial position** | **Related amounts not offset in the consolidated statement of financial position** |  |
|  | **Gross amounts of recognized financial liabilities** | **Gross amounts of recognized financial assets and offset in the consolidated statement of financial position** | **Net amounts of financial liabilities presented in the consolidated statement of financial position** | **Financial instruments (including non-cash guarantees)** | **Cash guarantees pledged, Note 4(d)** | **Net amount** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **As of December 31, 2025** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 207084 |  | 207084 | (31633) | (93021) | 82430 |
| **Total** | **207084** |  | **207084** | **(31633)** | **(93021)** | **82430** |
| **As of December 31, 2024** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 102288 |  | 102288 | (30231) | (21568) | 50489 |
| **Total** | **102288** |  | **102288** | **(30231)** | **(21568)** | **50489** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Foreign exchange risk -

The Group is exposed to fluctuations in the exchange rates of the foreign currency prevailing in its financial position and cash flows. Management sets limits on the levels of exposure by currency and total daily and overnight positions, which are monitored daily. Most of the assets and liabilities in foreign currency are stated in US Dollars. Transactions in foreign currency are made at the exchange rates of free market.

As of December 31, 2025, the weighted average exchange rate of free market published by the SBS for transactions in US Dollars was S/3.358 per US$1 bid and S/3.368 per US$1 ask (S/3.758 and S/3.770 as of December 31, 2024, respectively). As of December 31, 2025, the exchange rate for the accounting of asset and liability accounts in foreign currency set by the SBS was S/3.363 per US$1 (S/3.764 as of December 31, 2024).

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The table below presents the detail of the Group's position:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
|  | **US Dollars** | **Soles** | **Other<br>currencies** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |
| **Assets** |  |  |  |  |
| Cash and due from banks | 9784117 | 3963653 | 288179 | 14035949 |
| Inter-bank funds |  | 40006 |  | 40006 |
| Financial investments | 7731572 | 20387567 | 54667 | 28173806 |
| Loans, net | 14424941 | 36345209 |  | 50770150 |
| Due from customers on acceptances | 51332 |  |  | 51332 |
| Other accounts receivable and other assets, net | 240769 | 1025707 | 980 | 1267456 |
| Reinsurance contract assets | 2056 | 55126 |  | 57182 |
|  | 32234787 | 61817268 | 343826 | 94395881 |
| **Liabilities** |  |  |  |  |
| Deposits and obligations | 19301489 | 36216857 | 509284 | 56027630 |
| Inter-bank funds |  | 55019 |  | 55019 |
| Due to banks and correspondents | 2049531 | 5116483 |  | 7166014 |
| Bonds, notes and other obligations | 4879304 | 711104 |  | 5590408 |
| Due from customers on acceptances | 51332 |  |  | 51332 |
| Insurance and reinsurance contract liabilities | 3609743 | 9453511 |  | 13063254 |
| Other accounts payable, provisions and other liabilities | 1929823 | 2438585 | 10761 | 4379169 |
|  | 31821222 | 53991559 | 520045 | 86332826 |
| Forwards position, net | (2443784) | 2206289 | 237495 |  |
| Currency swaps position, net | 718766 | (718766) |  |  |
| Cross currency swaps position, net | 1850650 | (1850650) |  |  |
| Options position, net | (66) | 66 |  |  |
| **Monetary position, net** | 539131 | 7462648 | 61276 | 8063055 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **US Dollars** | **Soles** | **Other<br>currencies** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |
| **Assets** |  |  |  |  |
| Cash and due from banks | 8615546 | 3676441 | 323239 | 12615226 |
| Inter-bank funds |  | 220060 |  | 220060 |
| Financial investments | 7456057 | 19356325 | 45543 | 26857925 |
| Loans, net | 14372955 | 34848570 | 7923 | 49229448 |
| Due from customers on acceptances | 9163 |  |  | 9163 |
| Other accounts receivable and other assets, net | 405658 | 1326121 | 22 | 1731801 |
| Reinsurance contract assets | 207 | 18395 |  | 18602 |
|  | 30859586 | 59445912 | 376727 | 90682225 |
| **Liabilities** |  |  |  |  |
| Deposits and obligations | 19802404 | 33451094 | 514530 | 53768028 |
| Due to banks and correspondents | 2210040 | 5352017 |  | 7562057 |
| Bonds, notes and other obligations | 5227805 | 847628 |  | 6075433 |
| Due from customers on acceptances | 9163 |  |  | 9163 |
| Insurance and reinsurance contract liabilities | 3940738 | 8583582 |  | 12524320 |
| Other accounts payable, provisions and other liabilities | 1689640 | 2484247 | 14067 | 4187954 |
|  | 32879790 | 50718568 | 528597 | 84126955 |
| Forwards position, net | (1842468) | 1564150 | 278318 |  |
| Currency swaps position, net | 1849472 | (1849472) |  |  |
| Cross currency swaps position, net | 2071400 | (2071400) |  |  |
| Options position, net | (61) | 61 |  |  |
| **Monetary position, net** | 58139 | 6370683 | 126448 | 6555270 |

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As of December 31, 2025, the Group granted indirect loans (contingent operations) in foreign currency for approximately US$1,050,880,000, equivalent to S/3,534,108,000 (US$770,827,000, equivalent to S/2,901,393,000 as of December 31, 2024).

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**24. Fair value** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Financial instruments measured at their fair value and fair value hierarchy -

The following table presents an analysis of the financial instruments that are measured at their fair value, including the level of hierarchy of fair value. The amounts are based on the balances presented in the consolidated statement of financial position:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Financial assets** | S/(000) | S/(000) | S/(000) | S/(000) |
| **Financial investments** |  |  |  |  |
| At fair value through profit or loss (\*) | 247299 | 666443 | 1052249 | 1965991 |
| Debt instruments measured at fair value through other comprehensive income | 13732571 | 7566826 |  | 21299397 |
| Equity instruments measured at fair value through other comprehensive income | 518843 | 3675 | 33631 | 556149 |
| Derivatives receivable |  | 120878 |  | 120878 |
|  | 14498713 | 8357822 | 1085880 | 23942415 |
| Accrued interest |  |  |  | 363254 |
| **Total financial assets** |  |  |  | 24305669 |
| **Financial liabilities** |  |  |  |  |
| Derivatives payable |  | 207084 |  | 207084 |
| **Total financial liabilities** |  | 207084 |  | 207084 |

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Financial assets** | S/(000) | S/(000) | S/(000) | S/(000) |
| **Financial investments** |  |  |  |  |
| At fair value through profit or loss (\*) | 304659 | 459767 | 1012141 | 1776567 |
| Debt instruments measured at fair value through other comprehensive income | 12722114 | 7655691 |  | 20377805 |
| Equity instruments measured at fair value through other comprehensive income | 406778 | 13850 | 37640 | 458268 |
| Derivatives receivable |  | 143201 |  | 143201 |
|  | 13433551 | 8272509 | 1049781 | 22755841 |
| Accrued interest |  |  |  | 347087 |
| **Total financial assets** |  |  |  | 23102928 |
| **Financial liabilities** |  |  |  |  |
| Derivatives payable |  | 102288 |  | 102288 |
| Liabilities at fair value through profit or loss | 61153 |  |  | 61153 |
| **Total financial liabilities** | 61153 | 102288 |  | 163441 |

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(\*) As of December 31, 2025 and 2024, correspond mainly to participation in mutual funds and investment funds.

Financial assets included in Level 1 are those measured based on information that is available on the market, to the extent that their quoted prices reflect an active and liquid market and that are available in some centralized trading mechanism, trading agent, price supplier or regulatory entity.

Financial instruments included in Level 2 are valued based on the market prices of other instruments with similar characteristics or with financial valuation models based on information of variables observable in the market (interest rate curves, price vectors, etc.).

Financial assets included in Level 3 are valued by using assumptions and data that do not correspond to the prices of operations traded on the market. The valuation requires Management to make certain assumptions about the model variables and data, including the forecast of cash flow, discount rate, credit risk and volatility.

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During 2025, there were transfers from Level 1 to Level 2. During 2024, there were transfers of certain financial instruments from Level 1 to Level 2, for an amount of S/7,995,000, because they stopped being actively traded during the year, and consequently, fair values were obtained by using observable market data. During 2025 and 2024, there were transfers of certain financial instruments from Level 2 to Level 1 for an amount of S/19,763,000 and S/42,195,000, respectively. During 2025 and 2024, there were no transfers of financial instruments to or from level 3 to level 1 or level 2. The table below includes a reconciliation of fair value measurement of financial instruments classified by the Group within Level 3 of the valuation hierarchy:

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| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Initial balance as of January 1** | 1049781 | 919866 |
| Purchases | 106906 | 81369 |
| Sales | (125233) | (78231) |
| Gain recognized on the interim consolidated statement of income | 54426 | 126777 |
| **Ending balance** | 1085880 | 1049781 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial instruments not measured at their fair value -

The table below presents the disclosure of the comparison between the carrying amounts and fair values of the Group's financial instruments that are not measured at their fair value, presented by level of fair value hierarchy:

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Level 1** | **Level 2** | **Level 3** | **Fair<br>value** | **Book<br>value** | **Level 1** | **Level 2** | **Level 3** | **Fair<br>value** | **Book<br>value** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Assets** |  |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | 14035949 |  |  | 14035949 | 14035949 | 12615226 |  |  | 12615226 | 12615226 |
| Inter-bank funds |  | 40006 |  | 40006 | 40006 |  | 220060 |  | 220060 | 220060 |
| Investments at amortized cost | 4026559 | 140840 |  | 4167399 | 3989015 | 3775935 | 98658 |  | 3874593 | 3898198 |
| Loans, net |  | 50189528 |  | 50189528 | 50770150 |  | 48333964 |  | 48333964 | 49229448 |
| Due from customers on acceptances |  | 51332 |  | 51332 | 51332 |  | 9163 |  | 9163 | 9163 |
| Other accounts receivable and other assets, net |  | 1146578 |  | 1146578 | 1146578 |  | 1588600 |  | 1588600 | 1588600 |
| Reinsurance contract assets |  | 57182 |  | 57182 | 57182 |  | 18602 |  | 18602 | 18602 |
| **Total** | 18062508 | 51625466 |  | 69687974 | 70090212 | 16391161 | 50269047 |  | 66660208 | 67579297 |
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| Deposits and obligations |  | 56042175 |  | 56042175 | 56027630 |  | 53770487 |  | 53770487 | 53768028 |
| Inter-bank funds |  | 55019 |  | 55019 | 55019 |  |  |  |  |  |
| Due to banks and correspondents |  | 7183314 |  | 7183314 | 7166014 |  | 7706223 |  | 7706223 | 7562057 |
| Bonds, notes and other obligations | 4976125 | 710793 |  | 5686918 | 5590408 | 5163150 | 838662 |  | 6001812 | 6075433 |
| Due from customers on acceptances |  | 51332 |  | 51332 | 51332 |  | 9163 |  | 9163 | 9163 |
| Insurance and reinsurance contract liabilities |  | 13063254 |  | 13063254 | 13063254 |  | 12524320 |  | 12524320 | 12524320 |
| Other accounts payable and other liabilities |  | 4172085 |  | 4172085 | 4172085 |  | 4024513 |  | 4024513 | 4024513 |
| **Total** | 4976125 | 81277972 |  | 86254097 | 86125742 | 5163150 | 78873368 |  | 84036518 | 83963514 |

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The methodologies and assumptions used to determine fair values depend on the terms and risk characteristics of each financial instrument and they include the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Long-term fixed-rate and variable-rate loans are assessed by the Group based on parameters such as interest rates, specific country risk factors, individual creditworthiness of the customer and the risk characteristics of the financed project. Based on this evaluation, allowances are taken into account for the estimated losses of these loans. As of December 31, 2025 and 2024, the book value of loans, net of allowances, was not significantly different from the calculated fair values.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Instruments whose fair value approximates their book value: For financial assets and financial liabilities that are liquid or have short-term maturity (less than 3 months) it is assumed that the carrying amounts approximate to their fair values. This assumption is also applied to demand deposits, savings accounts without a specific maturity and variable-rate financial instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Fixed-rate financial instruments: The fair value of fixed-rate financial assets and financial liabilities at amortized cost is determined by comparing market interest rates when they were first recognized with current market rates related to similar financial instruments for their remaining term to maturity. The fair value of fixed interest rate deposits is based on discounted cash flows using market interest rates for financial instruments with similar credit risk and maturity. For quoted debt issued, the fair value is determined based on quoted market prices. When quotations are not available, a discounted cash flow model is used based on the yield curve of the appropriate interest rate for the remaining term to maturity.

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**25. Fiduciary activities and management of funds** 

The Group provides custody, trustee, investment management and advisory services to third parties; therefore, the Group makes purchase and sale decisions with relation to a wide range of financial instruments. Assets that are held as trust are not included in these interim consolidated financial statements. These services give rise to the risk that the Group could eventually be held responsible for poor yielding of the assets under its management.

As of December 31, 2025 and 2024, the value of the managed off-balance sheet financial assets is as follows:

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| | | |
|:---|:---|:---|
|  | **31.12.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Investment funds | 19418061 | 19534337 |
| Mutual funds | 9340950 | 7926478 |
| **Total** | 28759011 | 27460815 |

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**26. Subsequent event** 

On January 15, 2026, Interbank issued senior notes called "Senior Unsecured Notes due 2031" for an amount of US$500,000,000, under Rule 144-A and/or Regulation S of the U.S. Securities Act of 1933 of the United States of America. This issuance has maturity in July 2031 and the agreed annual interest rate was 4.8 percent.

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