# EDGAR Filing Document

**Accession Number:** 0001615903
**File Stem:** 0001193125-25-270148
**Filing Date:** 2025-11
**Character Count:** 224835
**Document Hash:** d11d962d2897b0864b9f92836a8197ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-270148.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001193125-25-270148

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**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:** 251459673

**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** 

**November 6, 2025** 

**Commission File Number 001-38965** 

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**INTERCORP FINANCIAL SERVICES INC.** 

**(Registrant's name)** 

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**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 November 6, 2025, Intercorp Financial Services Inc. ("IFS") announced its unaudited results for the third quarter of 2025, which were approved by the Board on November 6, 2025. IFS' interim condensed consolidated unaudited results as of September 30, 2025, June 30, 2025 and for the nine-month periods ended September 30, 2025 and 2024 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. Third Quarter 2025 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: November 6, 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.jpg](img193345711_0.jpg) |

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**Intercorp Financial Services Inc.**

**Third Quarter 2025 Earnings**

**Lima, Peru, November 6, 2025.** Intercorp Financial Services Inc. (Lima Stock Exchange/NYSE: IFS) announced today its unaudited results for the third quarter 2025. These results are reported on a consolidated basis under IFRS in nominal Peruvian soles.

**Intercorp Financial Services: Business momentum remains strong**

&nbsp;&nbsp;&nbsp;&nbsp;▪Net income of S/ 456 million (+17% YoY) and ROE ~16%

&nbsp;&nbsp;&nbsp;&nbsp;▪Accumulated net income is up by 81% compared to the same period last year, accumulating 17.4% ROE

**Banking: Higher yielding loans accelerated, while improving risk-adjusted NIM**

&nbsp;&nbsp;&nbsp;&nbsp;▪Net income of S/ 401 million and ROE of 16.8%

&nbsp;&nbsp;&nbsp;&nbsp;▪Higher yielding loans accelerated, showing a 7% growth YoY

&nbsp;&nbsp;&nbsp;&nbsp;▪Risk-adjusted NIM increasing 40pbs in the last quarter, now at 3.8%, with a still low cost of risk of 2.1%

**Insurance: Double-digit growth in core business**

&nbsp;&nbsp;&nbsp;&nbsp;▪+58% YoY growth in written premiums

&nbsp;&nbsp;&nbsp;&nbsp;▪ROIP of 4.1% in 3Q25, which would have been 6.1% without Rutas de Lima one-off effect

**Wealth Management: Double-digit growth in core business**

&nbsp;&nbsp;&nbsp;&nbsp;▪Continuous growth in AuMs: 4% QoQ and 13% YoY

&nbsp;&nbsp;&nbsp;&nbsp;▪Fee income increased 1% QoQ and 16% YoY

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**Intercorp Financial Services**

**SUMMARY**

Intercorp Financial Services' net profit was S/ 456.2 million in 3Q25, a decrease of S/ 123.4 million QoQ and an increase of S/ 66.2 million YoY. IFS's annualized ROE was 15.6% in 3Q25, and 18.2% excluding Rutas de Lima impairment.

**Intercorp Financial Services' P&L statement**<sup>)</sup>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 1765.6 | 1715.2 | 1724.4 | 0.5% | (2.3)% |
| Interest and similar expenses | (614.5) | (578.6) | (567.4) | (1.9)% | (7.7)% |
| **Net interest and similar income** | **1151.1** | **1136.6** | **1157.0** | **1.8%** | **0.5%** |
| Impairment loss on loans, net of recoveries | (377.2) | (308.3) | (256.9) | (16.7)% | (31.9)% |
| Recovery (loss) due to impairment of financial investments | (9.0) | (0.2) | (77.1) | n.m. | n.m. |
| **Net interest and similar income after impairment loss** | **764.9** | **828.1** | **823.0** | **(0.6)%** | **7.6%** |
| Fee income from financial services, net | 295.1 | 299.4 | 311.1 | 3.9% | 5.4% |
| Other income | 184.4 | 387.9 | 245.5 | (36.7)% | 33.2% |
| Insurance results | (38.0) | (30.7) | (1.2) | (96.2)% | (96.9)% |
| Other expenses | (743.7) | (788.8) | (810.0) | 2.7% | 8.9% |
| Income before translation result and income tax | 462.5 | 695.9 | 568.4 | (18.3)% | 22.9% |
| Translation result | 21.8 | 11.6 | 5.3 | (54.6)% | (75.9)% |
| Income tax | (94.3) | (127.9) | (117.5) | (8.1)% | 24.6% |
| **Profit for the period** | **390.0** | **579.6** | **456.2** | **(21.3)%** | **17.0%** |
| Attributable to IFS' shareholders | 387.9 | 577.2 | 453.3 | (21.5)% | 16.9% |
| **EPS** | **3.38** | **5.02** | **3.95** |  |  |
| **ROE** | **15.1%** | **20.7%** | **15.6%** |  |  |
| **ROA** | **1.6%** | **2.4%** | **1.9%** |  |  |
| **Efficiency ratio** | **38.1%** | **35.9%** | **38.9%** |  |  |

---

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

Profits decreased S/ 123.4 million QoQ, mainly due to a S/ 142.4 million reduction in other income. This reflects a normalization in investment performance, following exceptionally strong mark-to-market gains recorded in 2Q25 from our wealth management business and our holding company. Additionally, results were affected by an impairment of S/ 77.5 million in our insurance business related to Rutas de Lima, and a S/ 21.2 million increase in other expenses. These effects were partially offset by a S/ 51.4 million reduction in provisions, a S/ 29.5 million increase in insurance results, a S/ 20.4 million increase in net interest and similar income, and a S/ 11.7 million increase in fee income.

The decrease in other income was primarily explained by a normalization in mark-to-market results from our wealth management business, after the strong gains posted in 2Q25.

The increase in impairment from financial investments of S/ 77.1 million was explained by one off provisions made in the 3Q25 in our insurance business related to Rutas de Lima.

The S/ 21.2 million increase in other expenses was primarily driven by a S/ 23.9 million one-time adjustment .

The decrease of S/ 51.4 million in provisions was explained by a better performance of our retail credits, as well as our consistent disciplined management of our commercial credits. As a result, retail cost of risk stood at 4.0%, the lowest since 2023; while the commercial cost of risk excluding Integratel, previously Telefonica, was 0.4%.

The increase of S/ 29.5 million in insurance results was mainly explained by annuities, which was mainly due to lower inflation rates, higher mortality rates and reduction of claims in retail insurance.

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Interest and similar income increased by S/ 20.4 million, mainly due to a reduction of S/ 11.2 million in interest expenses, in turn related to initiatives of efficient funding and the downward trend in market rates; and an increase of S/ 9.2 million in interest income, which explains a 10 basis points increase in yield on loans, in turn related to the quarterly growth of the higher yielding portfolio.

Finally, fee income from financial services continued growing another quarter increasing by S/ 11.7 million, explained by higher fees in our banking business.

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

Profits increased by S/ 66.2 million, primarily driven by a S/ 120.3 million reduction in provisions, related to a better performance of the retail segment and a consistently disciplined risk management in the commercial segment, increases of S/ 61.1 million in other income, of S/ 36.8 in insurance results and of S/ 16.0 million in fee income from financial services. These effects where partially offset increases of S/ 68.1 million in impairment on financial investments, mainly related to the exposure to Rutas de Lima in our insurance business, and of S/ 66.3 million in other expenses.

The S/ 120.3 million reduction in provision expenses was mainly explained by a better performance from our retail loan book, posting a 4.0% cost of risk for the quarter (-130 bps YoY) and a consistent disciplined cost of risk of the commercial loan book, which stood at 0.4% excluding the Telefonica impact.

The S/ 61.1 million increase in other income was mainly driven by an increase of S/ 31.8 million in our banking business, explained by the sale of sovereign bond positions; and an increase of S/ 31.1 million income from our insurance business due to property appreciation.

The S/ 36.8 million increase in insurance results is explained by the increases in annuities, mostly related to the acquisitions of a DNS portfolio and in individual life due to a hypothesis adjustment in 3Q24.

The S/ 16.0 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 13% YoY growth in assets under management.

Impairment from financial investments showed an increase of S/ 68.1 million mostly due to a one-off impairment of Rutas de Lima.

The increase of S/ 66.3 million in other expenses was mostly explained by higher salaries and administrative expenses, which in turn is mostly explained by our Banking segment. On the other hand, increases in administrative expenses are mostly related to higher technology expenses, with a strong focus in digital initiatives and cybersecurity.

**<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 business**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **S/ million** | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Banking | 298.7 | 328.1 | 401.2 | 22.3% | 34.3% |
| Insurance | 67.4 | 80.9 | 37.9 | (53.1)% | (43.7)% |
| Wealth Management | 33.5 | 117.0 | 52.3 | (55.3)% | 56.2% |
| Corporate, eliminations and other subsidiaries | (9.5) | 53.6 | (35.3) | n.m. | n.m. |
| **IFS profit for the period** | **390.0** | **579.6** | **456.2** | **(21.3)%** | **17.0%** |

---

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**Interbank**

**SUMMARY**

Interbank's profit was S/ 401.2 million in 3Q25, increases of S/ 73.1 million, or22.3% QoQ, and S/ 102.5 million, or 34.3% YoY.

The quarterly increase was mainly driven by a reduction of S/ 51.8 million in provisions, reflecting a stronger performance of the retail portfolio, disciplined risk management in the commercial segment, as well as the release of S/ 28.0 million in voluntary provisions related to Telefonica. The result also benefited from an increase of S/ 27.7 million in net interest and similar income, S/ 15.9 million in net fee income from financial services, and S/ 11.4 million in other income, partially offset by a S/ 4.4 million rise in other expenses.

The annual performance in net profit was explained by S/ 120.7 million lower provisions, as well as increases of S/ 31.7 million in other income, S/ 18.6 million in net fee income from financial services, in line with higher transactionality of clients, and S/ 11.2 million in net interest and similar income. These effects were partially compensated by a S/ 42.4 million increase in other expenses, mostly associated with technology and personnel.

Consequently, Interbank's ROE stood at 16.8% in 3Q25, higher than the 14.4% reported as of 2Q25 and 3Q24.

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 1505.8 | 1450.5 | 1467.2 | 1.2% | (2.6)% |
| Interest and similar expense | (549.7) | (510.9) | (499.9) | (2.2)% | (9.1)% |
| **Net interest and similar income** | **956.1** | **939.6** | **967.3** | **2.9%** | **1.2%** |
| Impairment loss on loans, net of recoveries | (377.4) | (308.5) | (256.7) | (16.8)% | (32.0)% |
| Recovery (loss) due to impairment of financial investments | 0.1 | 0.5 | 0.1 | (87.8)% | (3.4)% |
| **Net interest and similar income after impairment loss** | **578.8** | **631.6** | **710.6** | **12.5%** | **22.8%** |
| Fee income from financial services, net | 210.3 | 213.0 | 228.9 | 7.5% | 8.8% |
| Other income | 127.2 | 147.5 | 158.9 | 7.7% | 25.0% |
| Other expenses | (525.9) | (563.9) | (568.3) | 0.8% | 8.1% |
| **Income before translation result and income tax** | **390.4** | **428.2** | **530.1** | **23.8%** | **35.8%** |
| Translation result | (9.5) | 1.2 | 1.0 | (16.4)% | n.m. |
| Income tax | (82.3) | (101.3) | (129.8) | 28.2% | 57.8% |
| **Profit for the period** | **298.7** | **328.1** | **401.2** | **22.3%** | **34.3%** |
| **ROE** | **14.4%** | **14.4%** | **16.8%** |  |  |
| **Efficiency ratio** | **39.0%** | **42.3%** | **40.8%** |  |  |
| **NIM** | **5.3%** | **5.1%** | **5.2%** |  |  |
| **NIM on loans** | **7.8%** | **7.5%** | **7.7%** |  |  |

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**INTEREST-EARNING ASSETS**

The quarterly decrease in interest-earning assets was mainly explained by reductions of 3.8% in interest on financial investments and 2.4% in interest on cash and due from banks and inter-bank funds.

The YoY growth in interest-earning assets was attributed to an increase of 4.7% in loans and 5.3% on financial investments, partially offset by a 13.1% decrease in interest on cash and due from banks and inter-bank funds..

**Interest-earning assets**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |
| Cash and due from banks and inter-bank funds | 13345.5 | 11878.2 | 11592.1 | (2.4)% | (13.1)% |
| Financial investments | 11048.6 | 12087.1 | 11632.6 | (3.8)% | 5.3% |
| Loans | 46739.8 | 48843.0 | 48936.2 | 0.2% | 4.7% |
| **Total interest-earning assets** | **71133.9** | **72808.2** | **72160.8** | **(0.9)%** | **1.4%** |

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**Loan portfolio**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |
| Performing loans |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail | 24364.7 | 24727.1 | 25211.9 | 2.0% | 3.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial | 21806.9 | 23554.9 | 23109.5 | (1.9)% | 6.0% |
| **Total performing loans** | **46171.6** | **48282.0** | **48321.4** | **0.1%** | **4.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Restructured and refinanced loans | 415.3 | 471.0 | 488.5 | 3.7% | 17.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;Past due loans | 1467.2 | 1301.0 | 1272.4 | (2.2)% | (13.3)% |
| **Total gross loans** | **48054.1** | **50054.1** | **50082.4** | **0.1%** | **4.2%** |
| Add (less) |  |  |  |  |  |
| Accrued and deferred interest | 510.6 | 500.8 | 519.8 | 3.8% | 1.8% |
| Impairment allowance for loans | (1825.0) | (1711.9) | (1666.0) | (2.7)% | (8.7)% |
| **Total direct loans, net** | **46739.8** | **48843.0** | **48936.2** | **0.2%** | **4.7%** |

---

Performing loans increased 0.1% QoQ, as retail loans increased 2.0% and commercial loans decreased1.9%.

Retail loans increased 2.0% due to all our products: 2.3% in mortgages; 2.0% in credit cards and personal loans, with more than 26% of market share in credit cards; and 1.2% in payroll deductible loans. Also, mass consumer segment grew 2.7% QoQ.

The 1.9% decrease in commercial loans, was explained by reductions of 18.1% in trade finance loans, partially offset by increases of 3.4% in working capital loans and 4.0% in leasing operations.

On the YoY analysis, performing loans increased 4.7%, explained by a 3.5% growth in retail and 7.1% in commercial loans excluding reactiva.

The 3.5% increase in retail loans was mostly driven by a 7.3% increase in mortgages, as well as a 2.9% in credit cards and personal loans, particularly in affluent clients, which grew 7.5% YoY; these effects where partially offset by a 2.3% decrease in payroll deductible loans.

The 7.1% growth in commercial loans was explained by increases of 4.4% in working capital loans, 13.2% in leasing operations and 23.1% in trade finance loans. By segment, small businesses grew 33.0%, mid sized companies 5.4% and corporate banking 5.1%.

**Breakdown of retail loans**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |
| **Consumer loans:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards & other loans | 8462.1 | 8542.6 | 8711.4 | 2.0% | 2.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll deduction loans(1) | 5868.2 | 5666.3 | 5735.0 | 1.2% | (2.3)% |
| **Total consumer loans** | **14330.4** | **14208.9** | **14446.4** | **1.7%** | **0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 10034.4 | 10518.3 | 10765.4 | 2.3% | 7.3% |
| **Total retail loans** | **24364.7** | **24727.1** | **25211.9** | **2.0%** | **3.5%** |

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

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**Market share in loans**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **3Q24** | **2Q25** | **3Q25** | **bps QoQ** | **bps YoY** |
| Total consumer loans | 21.9% | 19.7% | 19.5% | -20 | -240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgages | 15.8% | 15.8% | 15.9% | 10 | 10 |
| Total retail loans | 18.9% | 17.9% | 17.8% | -10 | -110 |
| Total commercial loans | 10.6% | 11.1% | 10.9% | -20 | 30 |
| **Total loans** | 13.8% | 13.8% | 13.8% | 0 | 0 |

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**FUNDING STRUCTURE**

**Funding structure**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |
| Deposits and obligations | 51354.6 | 52036.0 | 51193.3 | (1.6)% | (0.3)% |
| Due to banks and correspondents and inter-bank funds | 7897.8 | 7072.6 | 7451.2 | 5.4% | (5.7)% |
| Bonds, notes and other obligations | 4493.8 | 5602.9 | 4514.2 | (19.4)% | 0.5% |
| **Total** | **63746.3** | **64711.4** | **63158.7** | **(2.4)%** | **(0.9)%** |
| % of funding |  |  |  |  |  |
| Deposits and obligations | 80.6% | 80.4% | 81.1% |  |  |
| Due to banks and correspondents and inter-bank funds | 12.4% | 10.9% | 11.8% |  |  |
| Bonds, notes and other obligations | 7.0% | 8.7% | 7.1% |  |  |

---

The bank's total funding base decreased 2.4% QoQ. This was explained by a 19.4% decrease in bonds, notes and other obligations, following the repurchase of a subordinated bond in July. The decrease reflects the overlap of two outstanding bonds during the first half of the year. Additionally, deposits and obligations decreased by 1.6%. These effects were partially offset by a 5.4% increase in due to banks and correspondents and interbank funds.

The quarterly decrease in deposits of S/ 842.7 million was primarily explained by reductions of 3.6% in commercial deposits and 3.5% in institutional deposits, while retail deposits remained stable. By type, demand and time deposits decreased 3.1% and 2.7% QoQ, respectively, while savings deposits remained stable. Efficient funding increased to 35.9% as of September 30, 2025.

As a result, the bank deposit composition was 25% demand deposits, 38% savings deposits and 36% time deposits. The proportion of deposits and obligations to total funding amounted 81.1% in 3Q25, higher than the 80.4% reported in 2Q25.

The bank's total funding decreased by 0.9% YoY. This was explained by a 5.7% reduction in due to banks and correspondents and inter-bank funds and of 0.3% in deposits and obligations. These effects were partially offset by a 0.5% increase in bonds, notes and other obligations.

The annual reduction in deposits was mainly due to decreases of 2.0% and 1.1% in retail and commercial deposits, respectively; partially offset by a 6.3% increase in institutional deposits. By type, demand deposits decreased 2.7%, while time deposits as well as savings deposits showed a slight increase. The bank is strongly focus in promoting its efficient funding, which increased 2.3% YoY, and represents 35.9% of our total funding base.

As of September 30, 2025, the proportion of deposits and obligations to total funding was 81.1%, higher than the 80.6% reported in 3Q24.

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**Breakdown of deposits**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |
| By customer service: |  |  |  |  |  |
| Retail | 26594.3 | 26017.6 | 26052.1 | 0.1% | (2.0)% |
| Commercial | 16075.8 | 16477.1 | 15891.9 | (3.6)% | (1.1)% |
| Institutional | 8225.5 | 9061.3 | 8745.5 | (3.5)% | 6.3% |
| Other | 459.0 | 480.0 | 503.8 | 5.0% | 9.8% |
| **Total** | **51354.6** | **52036.0** | **51193.3** | **(1.6)%** | **(0.3)%** |
| By type: |  |  |  |  |  |
| Demand | 13308.3 | 13358.6 | 12945.3 | (3.1)% | (2.7)% |
| Savings | 19938.5 | 19911.3 | 19979.1 | 0.3% | 0.2% |
| Time | 18092.3 | 18759.4 | 18252.1 | (2.7)% | 0.9% |
| Other | 15.5 | 6.6 | 16.7 | n.m. | 7.4% |
| **Total** | **51354.6** | **52036.0** | **51193.3** | **(1.6)%** | **(0.3)%** |

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**Market share in deposits**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **3Q24** | **2Q25** | **3Q25** | **bps QoQ** | **bps YoY** |
| Retail deposits | 15.4% | 14.5% | 14.4% | -10 | -100 |
| Commercial deposits | 12.7% | 13.0% | 12.5% | -50 | -20 |
| Total deposits | 13.9% | 13.7% | 13.4% | -30 | -50 |

---

**NET INTEREST AND SIMILAR INCOME**

**Net interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and similar income | 1505.8 | 1450.5 | 1467.2 | 1.2 | (2.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest and similar expense | (549.7) | (510.9) | (499.9) | (2.2 | (9.1 |
| **Net interest and similar income** | **956.1** | **939.6** | **967.3** | **2.9** | **1.2** |
| **NIM** | **5.3%** | **5.1%** | **5.2%** | **10** | **-10** |

---

**Interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Interest and similar income | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar income** |  |  |  |  |  |
| Due from banks and inter-bank funds | 92.1 | 76.2 | 60.3 | (20.8 | (34.5 |
| Financial investments | 144.3 | 132.6 | 140.2 | 5.7 | (2.8 |
| Loans | 1269.4 | 1241.6 | 1266.6 | 2.0 | (0.2 |
| **Total Interest and similar income** | **1505.8** | **1450.5** | **1467.2** | **1.2** | **(2.6** |
| Average interest-earning assets | 71616.1 | 73764.8 | 74173.5 | 0.6 | 3.6 |
| Average yield on assets (annualized) | 8.4% | 7.9% | 7.9% | 0 | -50 |

---

------

**Interest and similar expense**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Interest and similar expense | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar expense** |  |  |  |  |  |
| Deposits and obligations | (371.6) | (325.1) | (315.8) | (2.9 | (15.0 |
| Due to banks and correspondents and inter-bank funds | (112.8) | (98.2) | (101.8) | 3.7 | (9.8 |
| Bonds, notes and other obligations | (65.3) | (87.6) | (82.3) | (6.0 | 26.0 |
| **Total Interest and similar expense** | **(549.7)** | **(510.9)** | **(499.9)** | **(2.2** | **(9.1** |
| Average interest-bearing liabilities | 62628.8 | 63856.9 | 63935.1 | 0.1 | 2.1 |
| Average cost of funding (annualized) | 3.5% | 3.2% | 3.1% | -10 | -40 |

---

<u>QoQ Performance</u>

Net interest and similar income increased 2.9% QoQ and 1.2% YoY, with NIM increasing 10pbs QoQ, in line with the QoQ increase of 10 bps in the yield on loans.

Risk-adjusted NIM increased by 10bps QoQ and 80bps 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.

Net interest and similar income increase was mainly explained by a 2.0% increase in interest on loans and of 5.7% in interest on financial investments, partially offset by a 20.8% decrease in due from banks and inter-bank funds.

Interest on loans increased S/ 25.0 million QoQ, or 2.0%, explained by a 1.2% increase in the average volume, and 10 basis points increase in the average yield.

The higher average volume of loans was attributed to a 1.7% increase in retail loans, partially offset by a 1.6% decrease in commercial loans. In the retail portfolio, all products average balances showed increases: mortgages of 2.3%, credit cards of 0.9%, payroll deductible loans of 1.4% and personal loans of 1.4%. In the commercial portfolio, average balances of trade finance loans showed a decrease of 17.7%; while working capital loans and leasing operations showed increases of 3.5% and 4.0% respectively.

The 10 basis points increase in the average yield was explained by higher yield both on commercial and retail loans.

Interest on financial investments increased S/ 7.6 million QoQ, or 5.7%, explained by an increase of 20 basis points in the average yield, and of 0.7% in the average volume.

Interest on due from banks and inter-bank funds decreased S/ 15.9 million QoQ, or 20.8%, explained by a decrease in the average yield of 40 basis points, related to 25bps lower soles reference rate.

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

The lower interest and similar expense was due to reductions of 2.9% in deposits and obligations and 26.0% in bonds, notes and other obligations, partially offset by an increase of 3.7% in due to banks and correspondents.

Interest on deposits and obligations decreased S/ 9.3 million QoQ, or 2.9% explained by a 10 basis points reduction in the average cost, while the average volume increased 0.5%. The reduction in the average cost was in commercial and retail clients; while the increase in the average volume was of 2.0% in commercial deposits.

The reduction is also explained by efficient funding initiatives (35.9% of total funding as of September), as well as the reduction of the central bank reference rate (-25 bps QoQ).

Bonds, notes, and other obligations showed a decrease of 6.0%, or S/ 5.3 million, which was mostly explained by a decrease of 10.7% In the average volume. This effect was partially offset by an increase of 30 basis points in the average cost.

Interest on due to banks and correspondents increased S/ 3.6 million QoQ, or 3.7%, explained by a 6.2% increase in the average volume, which was partially offset by 10 basis points reduction in average cost.

As a result, the average cost of funds decreased 10 basis points from 3.2% in 2Q25 to 3.1% in 3Q25, and net interest margin was 5.2% in 3Q25, 10 basis points higher than the 5.1% of the 2Q25.

------

<u>YoY Performance</u>

Net interest and similar income reduction was mainly explained by decreases of 34.5% in interest on due from banks and inter-bank funds, of 2.8% in interest on financial investments and of 0.2% in interest on loans.

Interest on due from banks and inter-bank funds decreased S/ 31.8 million, mostly due to a 110-basis point reduction in the average yield, in turn related to a 110-basis points reduction in the central bank reference rate, partially offset by a 3.3% increase in the average volume.

Interest on financial investments decreased S/ 4.1 million YoY, explained by 20 basis point reduction in the average yield, partially offset by a 1.2% increase in the average volume.

Interest on loans decreased S/ 2.8 million YoY, explained by 50 basis point reduction in the average yield, associated with a loan mix shift towards lower risk products. This was partially offset by a 4.2% increase in the average volume.

The higher average volume of loans was attributed to growth of 5.8% in the average volume of commercial loans, and of 2.8% in retail loans. In the commercial portfolio, average volumes grew due to increases of 22.7% in trade finance loans, 4.3% in working capital loans, as well as 13.5% in leasing operations. In the retail portfolio, average volumes increased due to increases of 7.5% in mortgages and 3.9% in credit cards, partially offset by reductions in personal loans and payroll deductible loans.

As a result, the nominal average yield on interest-earning assets lowered 60 basis points to 7.9% in 2Q25, from 8.5% in 3Q24.

The lower interest and similar expense was due to a decrease of 15.0% in deposits and obligations, and of 9.8% in due to banks and correspondents and interbank funds; partially offset by an increase of S/ 26.0% in bonds, notes and other obligations.

The decrease in interest on deposits and obligations of S/ 55.9 million soles was explained by 50 basis point decrease in the average cost, from 3.0% in 3Q24 to 2.5% in 3Q25, which reflects the impacts of the efficient and short-term funding policy of the bank, as well as the 100bps reduction in the central bank reference rate. This effect was partially compensated by a 3.4% increase in the average volume, which showed increases of 12.7% in institutional deposits, 3.8% in commercial deposits and 0.3% in retail deposits.

Interest on due to banks and correspondents decreased mainly as a result of 12.2% reduction in the average volume, while the average cost increased by 10 basis points.

Interest on bonds, notes and other obligations increased S/ 17.0 million YoY, mainly explained by a 13.8% increase in the average volume, as well as a 60 basis points increase in the average cost. This impact was associated to the issuance of $350 million subordinated bond in January 2025.

As a result, the average cost of funding decreased 40 basis points from 3.5% in 2Q24 to 3.1% in 2Q25; and net interest margin was 5.2% in 3Q25, 10 basis point lower than the 5.3% of the 3Q24.

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

Impairment loss on loans, net of recoveries, decreased 16.8% QoQ. The quarterly performance was explained by lower provision requirements across retail and commercial loan book.

Cost of risk was 2.3% in the 3Q25, excluding the Integratel effect, and is composed by a 4.0% in retail, which is the lowest since 2023, and 0.4% in commercial. This is explained by the good payment behavior in retail and commercial clients, as well as the focus of the bank of growing in healthy clients.

The S3 NPL ratio stood at 2.4%. The S3 NPL coverage ratio was 140.5% as of September 30, 2025, lower than the 141.0% as of June 30, 2025, within our risk appetite.

S3 NPLs decreased2.3% QoQ, reaching S/ 1,196 million in 3Q25. The quarterly improvement was mainly driven by a 20 bps decrease in the retailNPL S3 ratio, from 3.3% in 2Q25 to 3.1% in 3Q25. Moreover, the retail NPL coverage ratio increased by 110 bps, reaching 164.6% in 3Q25. However, commercial coverage decreased by 250 bps, from 89.9% to 87.5%. This resulted in a slight reduction in total banking coverage from 141.0% to 140.5%.

Impairment loss on loans, net of recoveries decreased 32.0% YoY. The YoY performance was driven by lower provision requirements in the retail loan book, reflecting strong payment behavior and the bank's focus on expanding its portfolio among healthy clients. Additionally, the commercial portfolio continued to show disciplined payment performance.

Cost of risk of retail segment was the lowest since 2023, and decreased 130 basis points YoY, while commercial cost of risk was stable at 0.4% excluding the Telefonica effect.

------

The S3 NPL ratio decreased YoY, from 2.9% in 3Q24 to 2.4% in 3Q25. The S3 NPL coverage ratio was 140.5% as of September 30, 2025, higher than the 131.3% as of September 30, 2024, within our risk appetite.

S3 NPLs decreased by 14.8% YoY. The YoY improvement was the result of an 60 bps decrease in the commercial NPL ratio and a 40 bpsreduction in the retail NPL ratio. As a result, S3 NPL ratio lowered by 50 bps, from 2.9% to 2.4% YoY. This effect was also reflected in the coverage ratio, which improved from 131.3% to 141.5%, explained by a significant increase in the commercial coverage, from 68.2% to 87.4%.

Reported cost of risk was 2.1% for the 3Q25 and it was 2.3% excluding Telefonica. Quarterly and yearly performance is mostly explained by decreases of 20 basis points and 130 basis points respectively, in the retail loan book. Commercial cost of risk remained stable, QoQ and YoY.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Impairment loss on loans, net of recoveries | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Impairment loss on loans, net of recoveries | (377.4) | (308.5) | (256.7) | (16.8 | (32.0 |
| Impairment loss on loans/average gross loans | 3.1% | 2.5% | 2.1% | -40 | -100 |
| S3 NPL ratio (at end of period) | 2.9% | 2.4% | 2.4% | 0 | -50 |
| S3 NPL coverage ratio (at end of period) | 131.3% | 141.0% | 140.5% | -50 | n.m. |
| Impairment allowance for loans | 1825.0 | 1711.9 | 1666.0 | (2.7 | (8.7 |

---

**FEE INCOME FROM FINANCIAL SERVICES, NET**

Net fee income from financial services showed S/ 15.9 million increase QoQ. Explained by higher commissions from banking services and from credit card services, related to the increase in transactionality. These effects were partially compensated by a S/ 4.2 million growth in total expenses QoQ.

Net fee income from financial services increased S/ 18.6 million YoY, in turn related to an increase of 9.6% in retail clients and 9.5% in commercial clients. Explained by higher commissions from banking services, credit card services, and fees from indirect loans. These effects were partially offset by a S/ 2.4 million decrease in collection services. In addition, total expenses decreased S/ 5.8 million YoY.

**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;Commissions from credit card services | 113.8 | 110.8 | 116.6 | 5.3% | 2.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Commissions from banking services | 89.9 | 89.4 | 101.1 | 13.1% | 12.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Maintenance and mailing of accounts, transfer fees and commissions on debit card services | 85.5 | 81.8 | 85.5 | 4.5% | (0.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees from indirect loans | 16.8 | 16.8 | 17.8 | 6.3% | 5.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Collection services | 15.2 | 12.6 | 12.8 | 1.6% | (15.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 7.4 | 9.9 | 7.5 | (23.8)% | 2.1% |
| **Total income** | **328.6** | **321.3** | **341.3** | **6.2%** | **3.9%** |
| **Expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Insurance | (16.3) | (15.6) | (18.0) | 15.1% | 10.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fees paid to foreign banks | (7.2) | (6.6) | (6.9) | 4.6% | (3.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (94.8) | (86.0) | (87.5) | 1.7% | (7.7)% |
| **Total expenses** | **(118.3)** | **(108.3)** | **(112.5)** | **3.8%** | **(4.9)%** |
| **Fee income from financial services, net** | **210.3** | **213.0** | **228.9** | **7.5%** | **8.8%** |

---

**OTHER INCOME**

Other income rose by S/ 11.4 million quarter-on-quarter, mainly due to higher net gains from the sale of financial investments, particularly sovereign bonds. Meanwhile, net gains from foreign exchange transactions and financial assets remained stable.

------

Other income increased by S/ 31.7 million year-on-year, mainly due to higher net gains from financial investments, particularly from the sale of sovereign bonds. In addition, a S/ 5.1 million increase was recorded in net gains from foreign exchange transactions and financial assets at fair value through profit or loss, driven by property sales and stronger results from foreign exchange operations.

**Other income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other income | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Net gain on foreign exchange transactions and on financial assets at fair value through profit or loss | 110.7 | 115.8 | 115.8<br><sup>(1)</sup> | (0.0)% | 4.6% |
| Net gain on sale of financial investments | 3.8 | 12.2 | 28.4 | n.m. | n.m. |
| Other | 12.7 | 19.5 | 14.7 | (24.4)% | 15.9% |
| **Total other income** | **127.2** | **147.5** | **158.9** | **7.7%** | **25.0%** |

---

**OTHER EXPENSES**

Other expenses increased S/ 4.4 million QoQ, or 0.8%, due to an increase of S/ 12.3 million, or 6.4%, in salaries and employee benefits, which includes employees' profit sharing, and increases of technology expenses

Other expenses decreased S/ 42.4 million YoY, or 8.1%, due an increase of S/ 31.1 million, or 18.1%, in higher salaries and employee benefits, which includes employees' profit sharing; as well as increases of S/ 24 million in technology expenses.

**Other expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other expenses | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (172.2) | (191.0) | (203.3) | 6.4 | 18.1 |
| Administrative expenses | (259.3) | (280.7) | (274.2) | (2.3 | 5.7 |
| Depreciation and amortization | (73.0) | (78.1) | (75.9) | (2.8 | 4.0 |
| Other | (21.5) | (14.0) | (15.0) | 6.7 | (30.3 |
| **Total other expenses** | **(525.9)** | **(563.9)** | **(568.3)** | **0.8** | **8.1** |
| **Efficiency ratio** | **39.0%** | **42.3%** | **40.8%** | **-150** | **180** |

---

**REGULATORY CAPITAL**

The bank's total capital ratio was 15.8% as of 3Q25, below the 16.9% reported in 2Q25 and the 15.9% recorded in 3Q24.

Core Equity Tier 1 (CET1) stood at 12.1%, slightly above the 11.7% registered in 2Q25 and below the 12.2% reported as of 3Q24.

Both ratio are significantly exceeding their limits plus additional buffers and capital allocated to cover additional risks, as required by the SBS.

In December 2022, the Superintendencia de Banca, Seguros y 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 <br>would increase to 10.0%. This deadline was later modified by subsequent resolutions, 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 3Q25, risk-weighted assets (RWA) increased by 1.2% quarter-over-quarter, driven by higher capital requirements for credit risk. The increase in RWAs for credit risk was mainly due to higher RWAs from loan placements. Meanwhile, eligible capital decreased by 5.2% quarter-over-quarter, attributed to a lower computation of subordinated debt following the redemption of $300 million in subordinated bonds.

The slight year-over-year decrease in the capital ratio was due to an 8.6% increase in RWAs, offset by an 8.2% growth in eligible capital. The increase in RWAs resulted from higher capital requirements for credit risk, explained by greater loan placements.

The YoY movement in eligible capital was mainly the result of the application of profits from the 2024 fiscal year, profit for 2025, and the improvement in unrealized results from the available-for-sale investment portfolio.

Thus, as of 3Q25, the capital ratio stood at 15.8%, significantly above the global limit plus buffers and capital allocated to cover additional risks as required by SBS regulations. The minimum regulatory requirement was 10.0% as of 3Q25.

------

Additionally, the Core Equity Tier 1 (CET1) ratio stood at 12.1%, above the 11.7% recorded in 2Q25 due to the application of 2024 profits, but below the 12.2% reported in 3Q24. Following the implementation of the new solvency regulation, CET1 is now part of Tier 1 eligible capital.

**Regulatory capital**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| Regulatory capital | **Sep 24** | **Jun 25** | **Sep 25** | **%chg<br>Sep 25/<br>Jun 25** | **%chg<br>Sep 25/<br>Sep 24** |  |
| Tier I capital | 7711.9 | 7932.8 | 8335.5 | 5.1 | 8.1 | % |
| Tier II capital | 2330.3 | 3537.8 | 2533.0 | (28.4 | 8.7 | % |
| Total regulatory capital | 10042.2 | 11461.6 | 10868.5 | (5.2 | 8.2 | % |
| Risk-weighted assets (RWA) | 63356.3 | 67973.0 | 68810.0 | 1.2 | 8.6 | % |
| **Total capital ratio** | **15.9%** | **16.9%** | **15.8%** | **-110** | **-10** | **bps** |
| **Tier I capital / RWA** | **12.2%** | **11.7%** | **12.1%** | **40** | **-10** | **bps** |
| **CET1** | **12.2%** | **11.7%** | **12.1%** | **40** | **-10** | **bps** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

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**Interseguro**

**SUMMARY**

Interseguro's profits reached S/ 37.9 million in 3Q25, a quarterly decrease of S/ 43.0 million, or 53.1%, and a decrease of S/ 29.5 million, or 43.7%, compared to 3Q24.

The quarterly decrease was mainly explained by decreases of S/ 77.3 million in loss due to impairment of financial investments, primarily related to Rutas de Lima. This effect was partially offset by a S/ 29.5 million increase in insurance results, due higher BEL and CSM release in annuities and retail insurance, as well as a reduction in loss component, in turn related to lower inflation rates. Also, other income showed an increase of S/ 18.1 million.

The annual reduction in net profit was mainly explained by a increase of S/ 68.6 million in loss due to impairment of financial investments related to Rutas de Lima. This effect was partially offset by a S/ 36.8 million increase in insurance results, explained by the acquisition of a D&S portfolio, and a S/ 34.3 million increase in other income, in turn related to property valuations gains.

As a result, Interseguro'sROE was 22.3% for 3Q25 lower than the 47.5% and 64.1% of 2Q25 and 3Q24, respectively. When excluding Rutas de Lima impact, ROE would stand at 67.7%.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 213.7 | 221.0 | 216.3 | (2.1)% | 1.2% |
| Interest and similar expenses | (38.2) | (44.1) | (43.2) | (2.1)% | 13.1% |
| **Net interest and similar income** | **175.5** | **176.8** | **173.1** | **(2.1)%** | **(1.4)%** |
| Recovery (loss) due to impairment of financial investments | (9.1) | (0.4) | (77.7) | n.m. | n.m. |
| **Net interest and similar income after impairment loss** | **166.5** | **176.4** | **95.4** | **(45.9)%** | **(42.7)%** |
| Fee income from financial services, net | (2.8) | (3.2) | (3.4) | 4.9% | 20.7% |
| Insurance results | (38.0) | (30.7) | (1.2) | (96.2)% | (96.9)% |
| Other income | 23.7 | 36.8 | 54.9 | 49.0% | n.m. |
| Other expenses | (104.9) | (108.2) | (112.6) | 4.1% | 7.3% |
| **Income before translation result and income tax** | **44.5** | **71.1** | **33.2** | **(53.4)%** | **(25.5)%** |
| Translation result | 22.9 | 9.8 | 4.8 | (51.1)% | (79.1)% |
| **Profit for the period** | **67.4** | **80.9** | **37.9** | **(53.1)%** | **(43.7)%** |
| **ROE** | **64.1%** | **47.5%** | **22.3%** |  |  |
| **Efficiency ratio** | **14.7%** | **12.0%** | **12.3%** |  |  |

---

**RESULTS FROM INVESTMENTS**

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Results from Investments (1) | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 213.7 | 221.0 | 216.3 | (2.1)% | 1.2% |
| Interest and similar expenses | (21.3) | (21.7) | (20.1) | (7.6)% | (5.7)% |
| **Net interest and similar income** | **192.4** | **199.3** | **196.2** | **(1.5)%** | **2.0%** |
| Recovery (loss) due to impairment of financial investments | (9.1) | (0.4) | (77.7) | n.m. | n.m. |
| **Net Interest and similar income after impairment loss** | **183.4** | **198.8** | **118.5** | **(40.4)%** | **(35.4)%** |
| Net gain (loss) on sale of financial investments | 15.9 | 8.0 | 6.1 | (24.6)% | (62.0)% |
| Net gain (loss) on financial assets at fair value through profit or loss | 8.9 | 12.5 | 19.2 | 53.6% | n.m. |
| Rental income | 18.0 | 19.1 | 19.7 | 3.1% | 9.8% |
| Gain on sale of investment property | 0.0 | 0.3 | 0.0 | n.m. | n.m. |
| Valuation gain (loss) from investment property | (22.8) | (5.6) | (0.2) | (96.9)% | (99.3)% |
| Other(1) | (6.1) | (3.4) | (3.8) | 11.6% | (37.6)% |
| **Other income** | **13.9** | **31.0** | **40.9** | **32.2%** | **n.m.** |
| **Results from investments** | **197.3** | **229.8** | **159.5** | **(30.6)%** | **(19.2)%** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Only includes transactions related to investments.

**NET INTEREST AND SIMILAR INCOME**

------

Net interest and similar income related to investments was S/ 196.2 million in 3Q25, a decrease of S/ 3.1 million QoQ, or 1.5%, and an increase of S/ 3.8 million YoY, or 2.0%.

The quarterly reduction was mainly driven by a S/ 4.7 million reduction in interest and similar income, reflecting lower returns from inflation-indexed bonds. This effect was partially offset by higher dividend income.

On an annual basis, the increase was mainly explained by higher dividend income, which contributed to a S/ 2.6 million rise in interest and similar income.

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

Loss due to impairment of financial investments totaled S/ 77.7 million in 3Q25, primarily driven by an impairment of Rutas de Lima after its liquidation announcement. This result compares with a loss of S/ 0.4 million in 2Q25, mainly associated with accrued interest, and a loss of S/ 9.1 million in 3Q24, resulting from rating downgrades of local bonds.

**OTHER INCOME**

Other income related to investment was S/ 40.9 million in 3Q25, an increase of S/ 9.9 million QoQ and S/ 27.0 million YoY.

The quarterly increase was explained by a S/ 6.7 million increase in net gain on financial assets at fair value through profit, and a S/ 5.4 million higher valuation gain from investment property. These effects were partially offset by a decrease of S/ 1.9 million in net loss on sale of financial investments.

The annual increase was mainly explained by S/ 22.6 million in valuation gain from investment property, mainly due to fluctuations in FX rates and S/ 10.3 million in net gain on financial assets at fair value. These factors were partially offset by net loss on financial investments of S/ 9.8 million.

**INSURANCE RESULTS**

**Insurance Results**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Insurance Results | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Annuities | (129.9) | (122.6) | (96.5) | (21.2)% | (25.7)% |
| Individual Life | 18.0 | 25.8 | 25.5 | (1.2)% | 41.8% |
| Retail insurance | 73.9 | 66.1 | 69.9 | 5.8% | (5.5)% |
| **Insurance Results** | **(38.0)** | **(30.7)** | **(1.2)** | **(96.2)%** | **(96.9)%** |

---

Insurance results increased S/ 29.5 million QoQ mostly due to a growth of S/ 26.1 million in annuities and of S/ 3.8 million in retail insurance, partially offset by a decrease of S/ 0.3 million in individual life.

The quarterly growth in annuities was mainly due to lower inflation rates and higher mortality rates, while in retail insurance it was mainly explained by a reduction in claims.

Insurance results increased S/ 36.8 million YoY, mostly due to an increase of S/ 33.4 million in annuities and of S/ 7.5 million in individual life, partially offset by a decrease of S/ 4.0 million in retail insurance.

The increase in annuities was mostly related to the acquisition of a D&S portfolio and in individual life due to a hypothesis adjustment in 3Q24. These effects were partially offset by a reduction in retail insurance which was explained by a lower CSM release.

CSM Stock increased 7.0% QoQ and 19.4% YoY

The QoQ performance was driven by new individual life profitable contracts issued in 3Q25, mainly digital life products. Also, the YoY performance shows an increase in individual life and credit life CSM due to higher premiums.

**OTHER EXPENSES** 

------

**Other Expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other Expenses | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (31.5) | (32.6) | (33.5) | 2.8% | 6.5% |
| Administrative expenses | (20.0) | (19.6) | (21.4) | 9.0% | 7.1% |
| Depreciation and amortization | (5.4) | (4.4) | (5.3) | 21.5% | (1.4)% |
| Expenses related to rental income | (3.6) | (2.9) | (3.0) | 3.6% | (18.3)% |
| Other | (41.3) | (48.7) | (49.4) | 1.4% | 19.7% |
| **Other expenses** | **(101.7)** | **(108.2)** | **(112.6)** | **4.1%** | **10.6%** |

---

------

**Inteligo**

**SUMMARY**

Inteligo'snet profit was S/ 52.3 million in 3Q25, reflecting a quarterlyreduction of S/ 64.7 million and an increase of S/ 18.8 million on a YoY basis.

The quarterly performance was mainly affected by lower mark-to-market valuations in the proprietary investment portfolio, resulting in a S/ 95.4 million reduction in other income. This decrease reflected the significant appreciation of fintech and tech-enabled financial platform positions recorded in the previous quarter. The negative impact was partially offset by a S/ 32.5 million positive effect from income tax, due to the reversal of previously recognized tax provisions at Inteligo Bank, and a S/ 5.4 million decrease in other expenses, mainly related to lower salaries and employee benefits.

The annual improvement was explained by a S/ 6.8 million increase in fee income from financial services, primarily due to higher revenues from the local mutual funds subsidiary (Interfondos), as well as a 13.4% increase in total assets under management, and a S/ 5.3 million decrease in other expenses. These positive effects were partially offset by a S/ 6.5 million reduction in other income from mark-to-market valuations on proprietary portfolio of investments.

From a business development prospective, 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 managementand mutual funds. As of September 30, 2025, AUMs increased by 4.1% QoQ and 13.4% YoY.

Inteligo's ROE stood at 19.3% in 3Q25, lower than 43.9% reported in 2Q25, but higher than the 13.9% of 3Q24.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| S/ million | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Interest and similar income | 43.6 | 43.1 | 39.7 | (8.0)% | (9.1)% |
| Interest and similar expenses | (27.1) | (25.3) | (25.9) | 2.6% | (4.3)% |
| **Net interest and similar income** | **16.5** | **17.8** | **13.7** | **(23.1)%** | **(16.9)%** |
| Impairment loss of loans, net of recoveries | 0.2 | 0.2 | (0.1) | n.m. | n.m. |
| Recovery (loss) due to impairment of financial investments | 0.0 | (0.2) | 0.6 | n.m. | n.m. |
| **Net interest and similar income after impairment loss** | **16.7** | **17.8** | **14.1** | **(20.7)%** | **(15.3)%** |
| Fee income from financial services, net | 43.2 | 49.6 | 50.0 | 0.9% | 15.6% |
| Other income | (12.1) | 22.3 | 22.3 | n.m. | n.m. |
| Other expenses | (47.2) | (47.4) | (42.0) | (11.4)% | (11.1)% |
| **Income before translation result and income tax** | **35.5** | **131.7** | **38.4** | **(70.8)%** | **8.3%** |
| Translation result | 0.3 | 2.2 | (1.8) | n.m. | n.m. |
| Income tax | (2.4) | (16.9) | 15.6 | n.m. | n.m. |
| **Profit for the period** | **33.5** | **117.0** | **52.3** | **(55.3)%** | **56.2%** |
| **ROE** | **13.9%** | **43.9%** | **19.3%** |  |  |
| **Efficiency ratio** | **43.9%** | **25.6%** | **50.2%** |  |  |

---

**ASSETS UNDER MANAGEMENT & DEPOSITS**

AUM reached S/ 8,083.5 million in 3Q25, a S/ 317.8 million or 4.1% increase QoQ, mostly explained by inflows in mutual funds and private wealth management.

Client deposits were S/ 2,820.8 million in 3Q25, a S/ 501.7 million or 15.1% decrease QoQ.

AUM reached S/ 8,083.5 million in 3Q25, a S/ 955.0 million or 13.4% increase YoY, mostly explained by inflows in mutual funds and private wealth management.

Client deposits were S/ 2,820.8 million in 3Q25, a S/ 267 million or 9.5% decrease YoY

------

**NET INTEREST AND SIMILAR INCOME**

**Net interest and similar income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Net interest and similar income | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| **Interest and similar income** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Due from banks and inter-bank funds | 6.2 | 4.3 | 3.4 | (22.1)% | (45.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Investments | 13.7 | 15.5 | 13.7 | (11.5)% | 0.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans | 23.7 | 23.3 | 22.6 | (3.1)% | (4.8)% |
| **Total interest and similar income** | **43.6** | **43.1** | **39.7** | **(8.0)%** | **(9.1)%** |
| **Interest and similar expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits and obligations | (25.5) | (23.1) | (22.7) | (2.0)% | (11.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Due to banks and correspondents | (1.6) | (2.2) | (3.3) | 51.7% | n.m. |
| **Total interest and similar expenses** | **(27.1)** | **(25.3)** | **(25.9)** | **2.6%** | **(4.3)%** |
| **Net interest and similar income** | **16.5** | **17.8** | **13.7** | **(23.1)%** | **(16.9)%** |

---

Net interest and similar income was S/ 13.7 million in 3Q25, a S/ 4.1 million or 23.1% decrease when compared with 2Q25, mainly explained by lower interests in financial investments and due from banks and inter-bank funds.

Net interest and similar income decreased by S/ 2.8 million YoY or 16.9%, mainly because of lower interests in due from banks and inter-bank fund and loans, in turn related to lower market rates.

**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 | 3.3 | 5.3 | 5.3 | 0.2% | 59.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Funds management | 40.3 | 44.8 | 45.2 | 0.8% | 12.0% |
| **Total income** | **43.7** | **50.1** | **50.5** | **0.8%** | **15.6%** |
| **Expenses** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokerage and custody services | (0.2) | (0.3) | (0.2) | (17.5)% | 21.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (0.2) | (0.2) | (0.2) | 4.1% | 7.3% |
| **Total expenses** | **(0.4)** | **(0.5)** | **(0.5)** | **(8.3)%** | **14.3%** |
| **Fee income from financial services, net** | **43.2** | **49.6** | **50.0** | **0.9%** | **15.6%** |

---

Net fee income from financial services was S/ 50.0 million in 3Q25, a S/ 0.4 million or 0.9% increase when compared with 2Q25, mainly explained by higher fees from funds management. This effect was lowered due to lower exchange rates.

On a YoY basis, net fee income from financial services increased by S/ 6.8 million YoY or 15.6%, also explained by higher fees from funds management, due to assets under management growth at InteligoBank and Interfondos.

**OTHER INCOME**

**Other income**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other income | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Net gain on sale of financial investments | (0.8) | 0.6 | 0.2 | (69.9)% | n.m. |
| Net trading gain (loss) | 24.4 | 113.2 | 21.0 | (81.4)% | (13.7)% |
| Other | (0.8) | (2.2) | (4.9) | n.m. | n.m. |
| **Total other income** | **22.8** | **111.7** | **16.3** | **(85.4)%** | **(28.6)%** |

---

Other income reached S/ 16.3 million in 3Q25, a S/ 95.4 million or 85.4% decrease QoQ due to lower mark-to-market valuations on proprietary portfolio investments, in turn related to significant appreciation of fintech and tech-enabled financial platform positions recorded in the previous quarter

------

On a YoY basis, other income posted a S/ 6.5 million or 28.6% decrease mostly related to lower mark-to-market valuations on proprietary portfolio of investments.

**OTHER EXPENSES**

**Other expenses**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Other expenses | **3Q24** | **2Q25** | **3Q25** | **%chg<br>QoQ** | **%chg<br>YoY** |
| Salaries and employee benefits | (21.4) | (31.0) | (25.3) | (18.5)% | 18.0% |
| Administrative expenses | (12.8) | (12.9) | (13.1) | 1.0% | 1.8% |
| Depreciation and amortization | (2.1) | (2.0) | (2.1) | 4.4% | (2.5)% |
| Other | (10.9) | (1.5) | (1.6) | 6.0% | (85.6)% |
| Total other expenses | **(47.2)** | **(47.4)** | **(42.0)** | **(11.4)%** | **(11.1)%** |
| Efficiency ratio | **43.9%** | **25.6%** | **50.2%** |  |  |

---

Other income reached -S/ 42.0 million in 3Q25, a S/ 5.4 million or 11.4% decrease QoQ mainly due to lower salaries and employee benefits.

On a YoY basis a S/ 5.3 million or 11.1% 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 recovery, with a net income 17% higher than the same period last year, achieving an ROE of 15.6% in 3Q25 and 17.4% for as of September 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 56, and our retail digital clients are more than 80%.

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, growing its relevance 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, reaching 13% YoY reaching historical highs.

------

**STRATEGIC KPIS**

**Banking & Payments KPIs**

---

| | | | |
|:---|:---|:---|:---|
|  | 3Q24 | 2Q25 | 3Q25 |
| **Digital Metrics** |  |  |  |
| &nbsp;&nbsp;% Digital customers retail | 80 | 83 | 83 |
| &nbsp;&nbsp;% Digital customers commercial | 71 | 74 | 73 |
| &nbsp;&nbsp;% Digital self-service retail | 76 | 78 | 82 |
| &nbsp;&nbsp;% Digital sales retail | 69 | 71 | 68 |
| &nbsp;&nbsp;NPS Retail (points) | 66 | 54 | 56 |
| **Transactional Metrics** |  |  |  |
| &nbsp;&nbsp;IBK Plin transactions (millions) (\*) | 130 | 162 | 179 |
| &nbsp;&nbsp;Izipay Transaction volume (S/ MM) | 16868 | 17259 | 17617 |
| &nbsp;&nbsp;IBK share of Izipay transaction flows (%) | 38 | 39 | 39 |
| (\*) Sent transactions |  |  |  |

---

**Banking & Payments**

We continue to strengthen our position as a digital bank. In the nine months of 2025, our banking customer base grew 4% YoY. Our digital transformation strategy continues to show positive momentum, with the share of retail digital customers increasing YoY from 80% to 83% . Digital self-service usage among retail clients remained stable QoQ but improved to 82% in the last year. Additionally, retail digital sales rose to 68% of retail sales.

We continue to see strong performance in our payment's ecosystem with Plin and Izipay. Plin active users grew 8.7% YoY, while Plin transactions rose by 1.4x YoY. Izipay also continued to expand, with transaction volumes increasing 4.4% YoY. Despite a slight reduction QoQ, synergies between Izipay and Interbank improved compared to the previous year, reinforcing our integrated payments strategy. As a result, cash flows directed to Interbank accounts through Izipay increased by 5.3%; as well as an increase of more than 30% in the float.

**Insurance & Wealth Management KPIs**

---

| | | | |
|:---|:---|:---|:---|
|  | **3Q24** | **2Q25** | **3Q25** |
| **Insurance** |  |  |  |
| &nbsp;&nbsp;Digital insurance premiums (S/ thousands) | 27.0 | 28.0 | 32.4 |
| &nbsp;&nbsp;% Digital Self-Service | 65.2 | 68.8 | 70.9 |
| **Wealth Management** |  |  |  |
| &nbsp;&nbsp;% Interfondos digital transactions | 53.3 | 54.3 | 55.4 |
| &nbsp;&nbsp;% Interfondos digital users | 25.3 | 28.8 | 30.2 |
| &nbsp;&nbsp;% Digital transactions SAB | 25.3 | 35.6 | 39.0 |

---

**Insurance**

In the insurance segment, digital adoption continued to accelerate in 3Q25. The share of digital self-service reached 70.9%, up from 68.8% in 2Q25 and 65.2% in 3Q24, reflecting stronger engagement with online channels.

As a result of this growing digital penetration, digital insurance premiums rose to S/ 32.4 millions in 3Q25, 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.

**Wealth Management**

In the wealth management segment, digital engagement continued to strengthen during 3Q25. Interfondos' digital users accounted for 30.2% of total users, up from 28,8% in 2Q25. This reflects sustained momentum in client adoption of digital investment tools and

------

advisory services.

Digital transaction penetration also improved across key platforms. In InteligoSAB (brokerage) channel, the share of digital transactions increased to 30.2%, up from 28.8% in 2Q25 and 25.3% in 3Q24.

Similarly, digital transactions in Interfondosreached 55.4%, continuing their upward trend from 54.3% and 53.3% in prior periods. 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 September 30, 2025, December 31, 2024 and for the nine-month period ended September 30, 2025 and 2024

------

**Intercorp Finalncial Services Inc. and Subsidiaries** 

Interim consolidated financial statements as of September 30, 2025, December 31, 2024 and for the nine-month period ended September 30, 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) | &nbsp;&nbsp;4 |
| [<u>Interim consolidated statement of other comprehensive income</u>](#cons_statement_other_comp) | &nbsp;&nbsp;5 |
| [<u>Interim consolidated statement of changes in equity</u>](#cons_statement_changes_equity) | &nbsp;&nbsp;6 |
| [<u>Interim consolidated statement of cash flows</u>](#cons_statement_cash_flows) | &nbsp;&nbsp;7 |
| [<u>Notes to the interim consolidated financial statements</u>](#notes_cons_financial_statements) | &nbsp;&nbsp;9 |

---

------

Intercorp Financial Services Inc. and Subsidiaries

Interim consolidated statement of financial position

As of September 30, 2025 and December 31, 2024

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **30.09.2025** | **31.12.2024** |
|  |  | S/(000) | S/(000) |
| **Assets** |  |  |  |
| Cash and due from banks | 4(a) |  |  |
| Non-interest bearing |  | 2957695 | 4021880 |
| Interest bearing |  | 8506350 | 7973580 |
| Restricted funds |  | 1155588 | 619766 |
|  |  | 12619633 | 12615226 |
| Inter-bank funds | 4(e) | 115013 | 220060 |
| Financial investments | 5 | 27619722 | 26857925 |
| Loans, net: | 6 |  |  |
| Loans, net of unearned interest |  | 52113437 | 50959615 |
| Impairment allowance for loans |  | (1666317) | (1730167) |
|  |  | 50447120 | 49229448 |
| Investment property | 7 | 1451889 | 1381788 |
| Property, furniture and equipment, net |  | 858145 | 814432 |
| Due from customers on acceptances |  | 28599 | 9163 |
| Intangibles and goodwill, net |  | 1607649 | 1667753 |
| Other accounts receivable and other assets, net | 8 | 2286230 | 2670178 |
| Reinsurance contract assets | 12 | 57558 | 18602 |
| Deferred Income Tax asset, net |  | 35976 | 19206 |
| **Total assets** |  | 97127534 | 95503781 |
| **Liabilities and equity** |  |  |  |
| Deposits and obligations | 9 |  |  |
| Non-interest bearing |  | 7068696 | 7614593 |
| Interest bearing |  | 46541570 | 46153435 |
|  |  | 53610266 | 53768028 |
| Inter-bank funds | 4(e) | 69008 |  |
| Due to banks and correspondents | 10 | 7928070 | 7562057 |
| Bonds, notes and other obligations | 11 | 5887532 | 6075433 |
| Due from customers on acceptances |  | 28599 | 9163 |
| Insurance and reinsurance contract liabilities | 12 | 12933513 | 12524320 |
| Other accounts payable, provisions and other liabilities | 8 | 4595738 | 4445532 |
| Deferred Income Tax liability, net |  | 123713 | 140653 |
| **Total liabilities** |  | 85176439 | 84525186 |
| **Equity, net** | 13 |  |  |
| Equity attributable to IFS's shareholders: |  |  |  |
| Capital stock |  | 1038017 | 1038017 |
| Treasury stock |  | (433225) | (206997) |
| Capital surplus |  | 532771 | 532771 |
| Reserves |  | 9100000 | 8300000 |
| Unrealized results, net |  | (77855) | (187830) |
| Retained earnings |  | 1721474 | 1439274 |
|  |  | 11881182 | 10915235 |
| Non-controlling interest |  | 69913 | 63360 |
| **Total equity, net** |  | 11951095 | 10978595 |
| **Total liabilities and equity, net** |  | 97127534 | 95503781 |

---

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

------

Intercorp Financial Services Inc. and Subsidiaries

Interim consolidated statement of income

For the nine-month period ended September 30, 2025 and 2024

---

| | | | |
|:---|:---|:---|:---|
|  | **Note** | **30.09.2025** | **30.09.2024** |
|  |  | S/(000) | S/(000) |
| Interest and similar income | 15 | 5169143 | 5302925 |
| Interest and similar expenses | 15 | (1716746) | (1904860) |
| **Net interest and similar income** |  | **3452397** | **3398065** |
| Impairment loss on loans, net of recoveries | 6(d.1) and (d.2) | (908150) | (1400459) |
| Loss due to impairment of financial investments | 5(c) and 5(d) | (136807) | (42945) |
| **Net interest and similar income after impairment loss** |  | **2407440** | **1954661** |
| Fee income from financial services, net | 16 | 906446 | 843024 |
| Net gain on foreign exchange transactions |  | 282080 | 325919 |
| Net gain on sale of financial investments |  | 69625 | 18084 |
| Net gain on financial assets at fair value through profit or loss | 5(e) and 10(b) | 347908 | 11285 |
| Net gain on investment property | 7(b) | 85885 | 79387 |
| Other income | 17 | 108847 | 73662 |
|  |  | **1800791** | **1351361** |
| **Result from insurance activities** | 18 | (46662) | (139535) |
|  |  | (46662) | (139535) |
| **Other expenses** |  |  |  |
| Salaries and employee benefits |  | (826528) | (700375) |
| Administrative expenses |  | (1051353) | (1004551) |
| Depreciation and amortization |  | (341043) | (311159) |
| Other expenses | 17 | (118558) | (136953) |
|  |  | **(2337482)** | **(2153038)** |
| **Income before translation result and Income Tax** |  | 1824087 | 1013449 |
| Exchange difference |  | 29270 | (8809) |
| Income Tax | 14(e) | (371475) | (187273) |
| **Net profit for the period** |  | **1481882** | **817367** |
| **Attributable to:** |  |  |  |
| IFS's shareholders |  | 1474066 | 812530 |
| Non-controlling interest |  | 7816 | 4837 |
|  |  | **1481882** | **817367** |
| **Earnings per share attributable to IFS's shareholders, basic and diluted (in Soles)** | 19 | 13.134 | 7.098 |
| **Weighted average number of outstanding shares (in thousands)** | 19 | 112233 | 114479 |

---

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

------

Intercorp Financial Services Inc. and Subsidiaries

Interim consolidated statement of other comprehensive income

For the nine-month period ended September 30, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Net profit for the period** | 1481882 | 817367 |
| **Other comprehensive income that will not be reclassified to the consolidated statement of income in subsequent periods:** |  |  |
| (Losses) gains on valuation of equity instruments at fair value through other comprehensive income | (3379) | 5985 |
| Income Tax | 9019 | (1590) |
| **Total unrealized gain that will not be reclassified to the consolidated statement of income in subsequent periods** | 5640 | 4395 |
| **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 | 707431 | 647636 |
| Income Tax | (3723) | (4652) |
|  | 703708 | 642984 |
| Insurance reserves at fair value | (538485) | (507851) |
| Net movement of cash flow hedges | 36373 | (13658) |
| Income Tax | (4944) | 2039 |
|  | 31429 | (11619) |
| Translation of foreign operations | (74050) | (676) |
| **Total unrealized gain to be reclassified to the consolidated statement of income in subsequent periods** | **122602** | **122838** |
| **Other comprehensive income for the period** | **128242** | **127233** |
| **Total comprehensive income for the period, net of Income Tax** | **1610124** | **944600** |
| **Attributable to:** |  |  |
| IFS's shareholders | 1600473 | 938418 |
| Non-controlling interest | 9651 | 6182 |
|  | **1610124** | **944600** |

---

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

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Intercorp Financial Services Inc. and Subsidiaries

Interim consolidated statement of changes in equity

For the nine-month period ended September 30, 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 period |  |  |  |  |  |  |  |  |  |  |  | 812530 | 812530 | 4837 | 817367 |
| Other comprehensive income |  |  |  |  |  |  | 4307 | 640947 | (507105) | (11585) | (676) |  | 125888 | 1345 | 127233 |
| Total comprehensive income |  |  |  |  |  |  | 4307 | 640947 | (507105) | (11585) | (676) | 812530 | 938418 | 6182 | 944600 |
| Declared dividends and paid, Note 13(a) |  |  |  |  |  |  |  |  |  |  |  | (427369) | (427369) |  | (427369) |
| Purchase of treasury stock, Note 13(b) |  | (48) |  | (4638) |  |  |  |  |  |  |  |  | (4638) |  | (4638) |
| Dividends paid to non-controlling interest of Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  | (3056) | (3056) |
| Sale of equity instruments at fair value through other comprehensive income |  |  |  |  |  |  | (18435) |  |  |  |  | 18435 |  |  |  |
| Others |  |  |  |  |  |  |  |  |  |  |  | (1067) | (1067) | (379) | (1446) |
| **Balance as of September 30, 2024** | 115447 | (1015) | 1038017 | (88947) | 532771 | 6000000 | (78269) | (652616) | 235789 | (43518) | 188274 | 3324060 | 10455561 | 60631 | 10516192 |
| **Balance as of January 1, 2025** | 115447 | (2159) | 1038017 | (206997) | 532771 | 8300000 | (9141) | (1011868) | 681595 | (49113) | 200697 | 1439274 | 10915235 | 63360 | 10978595 |
| Net profit for the period |  |  |  |  |  |  |  |  |  |  |  | 1474066 | 1474066 | 7816 | 1481882 |
| Other comprehensive income |  |  |  |  |  |  | 5104 | 701700 | (537694) | 31347 | (74050) |  | 126407 | 1835 | 128242 |
| Total comprehensive income |  |  |  |  |  |  | 5104 | 701700 | (537694) | 31347 | (74050) | 1474066 | 1600473 | 9651 | 1610124 |
| 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) |  | (1937) |  | (226228) |  |  |  |  |  |  |  |  | (226228) |  | (226228) |
| Dividends paid to non-controlling interest of Subsidiaries |  |  |  |  |  |  |  |  |  |  |  |  |  | (3097) | (3097) |
| Sale of equity instruments at fair value through other comprehensive income |  |  |  |  |  |  | (16432) |  |  |  |  | 16432 |  |  |  |
| Others |  |  |  |  |  |  |  |  |  |  |  | 11798 | 11798 | (1) | 11797 |
| **Balance as of September 30, 2025** | 115447 | (4096) | 1038017 | (433225) | 532771 | 9100000 | (20469) | (310168) | 143901 | (17766) | 126647 | 1721474 | 11881182 | 69913 | 11951095 |

---

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

------

Intercorp Financial Services Inc. and Subsidiaries

Interim consolidated statement of cash flows

For the nine-month periods ended September 30, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Cash flows from operating activities** |  |  |
| Net profit for the period | 1481882 | 817367 |
| **Plus (minus) adjustments to net profit** |  |  |
| Impairment loss on loans, net of recoveries | 908150 | 1400459 |
| Loss due to impairment of financial investments | 136807 | 42945 |
| Depreciation and amortization | 341043 | 311159 |
| Provision for sundry risks | 2291 | 21091 |
| Deffered Income Tax | (42299) | 68682 |
| Net gain on sale of financial investments | (69625) | (18084) |
| Net gain on financial assets at fair value through profit or loss | (347908) | (11285) |
| Net gain on valuation of investment property | (27944) | (29418) |
| Net (gain) loss on sale of investment property | (320) | 3176 |
| Exchange difference | (29270) | 8809 |
| Decrease in accrued interest receivable | 204828 | 242687 |
| (Decrease) increase in accrued interest payable | (122822) | 53610 |
| **Net changes in assets and liabilities** |  |  |
| Net increase in loan portfolio | (2115053) | (3245991) |
| Net decrease in other accounts receivable and other assets | 495067 | 13686 |
| Net (increase) decrease in restricted funds | (535822) | 453664 |
| (Decrease) increase in deposits and obligations | (95168) | 4864726 |
| Increase (decrease) in due to banks and correspondents | 381957 | (1485404) |
| (Decrease) increase in other accounts payable, provisions and other liabilities | (1663554) | 471122 |
| Decrease (increase) of investments at fair value through profit or loss | 69088 | (34855) |
| **Net cash (used in) provided by operating activities** | (1028672) | 3948146 |

---

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

------

Interim consolidated statements of cash flows (continued)

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Cash flows from investing activities** |  |  |
| (Purchase) sale of investments at fair value through other comprehensive income and at amortized cost | (104254) | 600727 |
| Purchase of property, furniture and equipment | (154085) | (79334) |
| Purchase of intangible assets | (132557) | (143304) |
| Purchase of investment property | (47157) | (40516) |
| Sale of investment property |  | 39176 |
| **Net cash (used in) provided by investing activities** | (438053) | 376749 |
| **Cash flows from financing activities** |  |  |
| Dividends paid | (420096) | (427369) |
| Issuance of securities, bonds and obligations in circulation | 1557937 | 1366199 |
| Payments of bonds, notes and other obligations |  | (1111837) |
| Decrease in receivable inter-bank funds | 105047 | 474915 |
| Increase in payable inter-bank funds | 69008 | 701404 |
| Purchase of treasury stock, net | (226228) | (4638) |
| Dividend payments to non-controlling interest | (3097) | (3056) |
| Lease payments | (62750) | (61403) |
| **Net cash provided by financing activities** | 1019821 | 934215 |
| **Net (decrease) increase in cash and cash equivalents** | (446904) | 5259110 |
| Translation loss on cash and cash equivalents | (79700) | (10585) |
| Cash and cash equivalents at the beginning of the period | 11977366 | 9074211 |
| **Cash and cash equivalents at the end of the period** | 11450762 | 14322736 |

---

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

------

Notes to the interim consolidated financial statements

As of September 30, 2025 and December 31, 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 September 30, 2025, Intercorp Peru holds directly and indirectly 74.15 percent of the issued capital stock of IFS, equivalent to 73.20 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 September 30, 2025 and December 31, 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"), acquired in April 2022.

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 and other relevant information are presented in Note 2.

The interim consolidated financial statements as of September 30, 2025, have been approved by the Audit Committee and Board's Meeting held on November 04 and 06, 2025, 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 September 30, 2025 and December 31, 2024, Interbank has 149 offices.

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 September 30, 2025 and December 31, 2024, amounted to S/89,534,000 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 and as of September 30, 2025 and December 31, 2024,owns mainly 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 in December 2018. As of September 30, 2025 and December 31, 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 in January 2019, provides investment consultancy and related services. |

---

&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 September 30, 2025 and December 31, 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) Procesos de Medios de Pago S.A. and subsidiary Izipay S.A.C. (collectively, "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. Until March 2022, Interbank maintained 50 percent of Procesos de Medios de Pago, company incorporated in Peru and in April 2022, IFS acquired the remaining 50 percent, acquiring control of Izipay. Since this time, Izipay consolidates its financial information together with IFS.

------

**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 September 30, 2025 and December 31, 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 is described in Note 3.3 to the Annual Consolidated Financial Statements and has not changed since then.

**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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Cash and clearing (b) | 2164762 | 2853187 |
| Deposits in the BCRP (b) | 7723769 | 7333818 |
| Deposits in banks (c) | 1562231 | 1790361 |
| Total cash and cash equivalent | 11450762 | 11977366 |
| Accrued interest | 13283 | 18094 |
| Restricted funds (d) | 1155588 | 619766 |
| **Total** | 12619633 | 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Legal reserve (\*)** |  |  |
| Deposits in the BCRP | 4918269 | 5969218 |
| Cash in vaults | 2164707 | 2644386 |
| Subtotal legal reserve | 7082976 | 8613604 |
| **Non-mandatory reserve** |  |  |
| Overnight deposits in BCRP (\*\*) | 2355500 | 564600 |
| Term deposits in BCRP (\*\*\*) | 450000 | 800000 |
| Cash and clearing |  | 208548 |
| Subtotal non-mandatory reserve | 2805500 | 1573148 |
| Cash balances not subject to legal reserve | 55 | 253 |
| **Total** | 9888531 | 10187005 |

---

(\*) 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 September 30, 2025 and December 31, 2024, the Group presented only excess in foreign currency that accrued interest in US Dollars at an annual average rate of 3.67 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 September 30, 2025, corresponds to one overnight deposit in local currency for S/100,000,000 and one overnight deposit in foreign currency for US$650,000,000 (approximately equivalent to S/2,255,500,000), with maturity in the first days of October 2025, and accrued interest at an annual interest rate of 2.25 and 4.16 percent, respectively (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 September 30, 2025, corresponds to overnight deposits in local currency, with maturity in October 2025, which accrued interest at an average annual interest rate of 4.23 percent (as of December 31, 2024, corresponded to 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Repurchase agreements with the BCRP (\*) | 813411 |  |
| Inter-bank transfers (\*\*) | 294551 | 596648 |
| Derivative financial instruments, Note 8(b) | 45735 | 21568 |
| Others | 1891 | 1550 |
| **Total** | 1155588 | 619766 |

---

(\*) As of September 30, 2025, corresponds to deposits in the BCRP that guarantee loans with said entity, see Note 10(b).

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

------

&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 September 30, 2025, Inter-bank funds' assets accrue interest at an annual rate of 4.11 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 September 30, 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Debt instruments measured at fair value through other comprehensive income (b) and (c) | 20994458 | 20377805 |
| Investments at amortized cost (d) | 3876624 | 3784912 |
| Investments at fair value through profit or loss (e) | 1979248 | 1776567 |
| Equity instruments measured at fair value through other comprehensive income (f) | 511123 | 458268 |
| **Total financial investments** | 27361453 | 26397552 |
| **Accrued income** |  |  |
| Debt instruments measured at fair value through other comprehensive income (b) | 217776 | 347087 |
| Investments at amortized cost (d) | 40493 | 113286 |
| **Total** | 27619722 | 26857925 |

---

------

&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 September 30, 2025** |  |  |  |  |  |  |  |  |  |
| Corporate, leasing and subordinated bonds | 9539774 | 227184 | (623995) | 9142963 | Dec-25 / Feb-97 | 3.17 | 22.13 | 4.24 | 11.64 |
| Sovereign Bonds of the Republic of Peru | 8765312 | 125049 | (205176) | 8685185 | Aug-26 / Feb-55 | 1.99 | 6.56 |  |  |
| Negotiable Certificates of Deposit issued by the Central Reserve Bank of Peru | 2036495 | 381 | (25) | 2036851 | Oct-25 / Feb-26 | 3.90 | 3.90 |  |  |
| Global Bonds of the Republic of Peru | 541965 | 5602 | (8717) | 538850 | Jan-26 / Nov-50 |  |  | 3.83 | 5.74 |
| Bonds guaranteed by the Peruvian Government | 494702 | 13025 | (818) | 506909 | Apr-28 / Oct-33 | 3.28 | 4.20 | 5.57 | 6.67 |
| Treasury Bonds of the United States of America | 48284 | 118 | (2342) | 46060 | Oct-25 / Aug-55 |  |  | 3.86 | 4.62 |
| Global Bonds of the United States of Mexico | 27355 | 232 | (1676) | 25911 | May-31 / Feb-34 |  |  | 4.89 | 5.49 |
| Global Bonds of the Republic of Chile | 11708 | 94 | (73) | 11729 | Jan-29 / Jan-32 |  |  | 4.11 | 4.53 |
| **Total** | 21465595 | 371685 | (842822) | 20994458 |  |  |  |  |  |
| Accrued interest |  |  |  | 217776 |  |  |  |  |  |
| **Total** |  |  |  | 21212234 |  |  |  |  |  |
|  |  | **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 |  |  |  |  |  |

---

------

&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 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:

---

| | | | |
|:---|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** | **30.09.2024** |
|  | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at the beginning of the period** | 95090 | 61046 | 61046 |
| New assets originated or purchased | 1907 | 1095 | 1049 |
| Assets derecognized or matured (excluding write-offs) | (2876) | (3915) | (3672) |
| Effect on the expected credit loss due to the change of the stage during the year | 61351 | 8958 | 7693 |
| Loss for impairment | 74386 | 37325 | 38348 |
| Others | 2039 | 4058 | (473) |
| **Movement of the period** | 136807 | 47521 | 42945 |
| Write-offs | (69639) | (13043) |  |
| Effect of foreign exchange variation | (2000) | (434) | (465) |
| **Expected credit loss at the end of the period** | 160258 | 95090 | 103526 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) As of September 30, 2025, investments at amortized cost corresponds mainly to Sovereign Bonds of the Republic of Peru issued in Soles for an amount of S/3,775,985,000, including accrued interest of S/34,265,000 (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 September 30, 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/3,918,550,000 (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 September 30, 2025, term deposits mainly issued in local currency are held, for an amount of S/141,132,000, including accrued interest amounting to S/6,228,000 (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 September 30, 2025, the maturity of these investments fluctuates between February 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/141,132,000 (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 September 30, 2025 and December 31, 2024, Interbank holds loans with the BCRP that are guaranteed with these sovereign bonds, classified as restricted, for approximately S/1,074,103,000 and S/1,861,524,000, respectively, see Note 10(a).

As of September 30, 2025 and December 31, 2024, Interbank holds loans with foreign banks that are guaranteed with these sovereign bonds, classified as restricted, for approximately S/418,538,000 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Equity instruments** |  |  |
| Local and foreign mutual funds and investment funds participations | 1714892 | 1396582 |
| Listed shares | 73514 | 202054 |
| Non-listed shares | 172753 | 154856 |
| **Debt instruments** |  |  |
| Sovereign Bonds of the Republic of Peru | 11953 | 8538 |
| Sovereign Bonds issued by foreign governments | 3976 | 2431 |
| Corporate, leasing and subordinated bonds | 2160 | 2172 |
| Negotiable Certificates of Deposits issued by the BCRP |  | 9934 |
| **Total** | 1979248 | 1776567 |

---

As of September 30, 2025 and December 31, 2024, investments at fair value through profit or loss include investments held for trading for approximately S/174,318,000 and S/152,755,000, respectively; and those assets that are necessarily measured at fair value through profit or loss for approximately S/1,804,930,000 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 follows:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Listed shares | 469106 | 420474 |
| Non-listed shares | 42017 | 37794 |
| Total | 511123 | 458268 |

---

As of September 30, 2025 and December 31, 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.

------

&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 according to the stages indicated IFRS 9, as of September 30, 2025 and December 31, 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** |
| **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) |
| Sovereign Bonds of the Republic of Peru | 12426905 |  |  | 12426905 |
| Corporate, leasing and subordinated bonds | 8546881 | 592543 | 3539 | 9142963 |
| Negotiable Certificates of Deposit issued by the BCRP | 2036851 |  |  | 2036851 |
| Global Bonds of the Republic of Peru | 538850 |  |  | 538850 |
| Bonds guaranteed by the Peruvian government | 506909 |  |  | 506909 |
| Treasury Bonds of the United States of America | 46060 |  |  | 46060 |
| Global Bonds of the United States of Mexico | 25911 |  |  | 25911 |
| Global Bonds of the Republic of Chile | 11729 |  |  | 11729 |
| Term deposits | 134904 |  |  | 134904 |
| **Total** | 24275000 | 592543 | 3539 | 24871082 |
|  | **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 |

---

------

**6. Loans, net** 

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

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Direct loans (\*)** |  |  |
| Loans (\*\*) | 40244120 | 38456682 |
| Credit cards and other loans (\*\*\*) | 5450345 | 5386427 |
| Leasing | 1662532 | 1584357 |
| Discounted notes | 1367782 | 1706886 |
| Factoring | 1014186 | 1410968 |
| Advances and overdrafts | 57808 | 101848 |
| Refinanced loans | 488548 | 449438 |
| Past due and under legal collection loans | 1272408 | 1318758 |
|  | 51557729 | 50415364 |
| **Plus (minus)** |  |  |
| Accrued interest from performing loans | 571471 | 569384 |
| Unearned interest and interest collected in advance | (15763) | (25133) |
| Impairment allowance for loans (d) | (1666317) | (1730167) |
| **Total direct loans, net** | 50447120 | 49229448 |
| **Indirect loans** | 5390897 | 5068694 |

---

(\*) 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 September 30, 2025 amounts to S/133,172,000, including accrued interest for S/46,753,000; S/25,718,000 being the amount covered by the guarantee of the Peruvian Government (as of December 31, 2024 amounts 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 September 30, 2025 and 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/917,000 and S/123,772,000, respectively, 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 September 30, 2025 and December 31, 2024, it includes non-revolving consumer loans for approximately S/2,714,729,000 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Commercial loans (c.1) | 23149054 | 22770495 |
| Consumer loans (c.1) | 15210673 | 15036411 |
| Mortgage loans (c.1) | 11138869 | 10571300 |
| Small and micro-business loans (c.1) | 2059133 | 2037158 |
| **Total** | 51557729 | 50415364 |

---

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 characteristics. 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).

------

(c) The following table shows the credit quality and maximum exposure to credit risk based on the Group's internal credit rating as of September 30, 2025 and December 31, 2024. The amounts presented do not consider impairment.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 36598386 | 124382 |  | 36722768 | 32184807 | 340472 |  | 32525279 |
| Standard grade | 5578412 | 1552645 |  | 7131057 | 8332692 | 1513955 |  | 9846647 |
| Substandard grade | 2497088 | 1571217 |  | 4068305 | 2705012 | 1582401 |  | 4287413 |
| Past due but not impaired | 1344722 | 1091271 |  | 2435993 | 1335553 | 1172779 |  | 2508332 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 22988 | 22988 |  |  | 23214 | 23214 |
| Collectively |  |  | 1176618 | 1176618 |  |  | 1224479 | 1224479 |
| **Total direct loans** | 46018608 | 4339515 | 1199606 | 51557729 | 44558064 | 4609607 | 1247693 | 50415364 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 4237675 | 139666 |  | 4377341 | 3434095 | 31240 |  | 3465335 |
| Standard grade | 317646 | 178671 |  | 496317 | 1055740 | 118821 |  | 1174561 |
| Substandard grade | 372347 | 132462 |  | 504809 | 272352 | 132498 |  | 404850 |
| Past due but not impaired |  |  |  |  |  |  |  |  |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 6181 | 6181 |  |  | 6181 | 6181 |
| Collectively |  |  | 6249 | 6249 |  |  | 17767 | 17767 |
| **Total indirect loans** | 4927668 | 450799 | 12430 | 5390897 | 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:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 15476960 | 76230 |  | 15553190 | 11636968 | 290927 |  | 11927895 |
| Standard grade | 3205765 | 1123012 |  | 4328777 | 6274653 | 1024426 |  | 7299079 |
| Substandard grade | 1402330 | 395620 |  | 1797950 | 1749950 | 356019 |  | 2105969 |
| Past due but not impaired | 871196 | 302955 |  | 1174151 | 770026 | 345062 |  | 1115088 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  | 22988 | 22988 |  |  | 23214 | 23214 |
| Collectively |  |  | 271998 | 271998 |  |  | 299250 | 299250 |
| **Total direct loans** | 20956251 | 1897817 | 294986 | 23149054 | 20431597 | 2016434 | 322464 | 22770495 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 10836746 | 25874 |  | 10862620 | 10914268 | 28813 |  | 10943081 |
| Standard grade | 1504433 | 319101 |  | 1823534 | 1210504 | 320220 |  | 1530724 |
| Substandard grade | 730815 | 714207 |  | 1445022 | 593507 | 765324 |  | 1358831 |
| Past due but not impaired | 165075 | 438687 |  | 603762 | 180748 | 508336 |  | 689084 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 475735 | 475735 |  |  | 514691 | 514691 |
| **Total direct loans** | 13237069 | 1497869 | 475735 | 15210673 | 12899027 | 1622693 | 514691 | 15036411 |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 9010665 | 22111 |  | 9032776 | 8407045 | 20165 |  | 8427210 |
| Standard grade | 524520 | 5967 |  | 530487 | 528923 | 3714 |  | 532637 |
| Substandard grade | 288464 | 408863 |  | 697327 | 318802 | 400671 |  | 719473 |
| Past due but not impaired | 268024 | 263553 |  | 531577 | 322348 | 244537 |  | 566885 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 346702 | 346702 |  |  | 325095 | 325095 |
| **Total direct loans** | 10091673 | 700494 | 346702 | 11138869 | 9577118 | 669087 | 325095 | 10571300 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 1274015 | 167 |  | 1274182 | 1226526 | 567 |  | 1227093 |
| Standard grade | 343694 | 104565 |  | 448259 | 318612 | 165595 |  | 484207 |
| Substandard grade | 75479 | 52527 |  | 128006 | 42753 | 60387 |  | 103140 |
| Past due but not impaired | 40427 | 86076 |  | 126503 | 62431 | 74844 |  | 137275 |
| **Impaired** |  |  |  |  |  |  |  |  |
| Individually |  |  |  |  |  |  |  |  |
| Collectively |  |  | 82183 | 82183 |  |  | 85443 | 85443 |
| **Total direct loans** | 1733615 | 243335 | 82183 | 2059133 | 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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **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** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year balances** | 439324 | 566636 | 724207 | 1730167 | 545242 | 833912 | 970271 | 2349425 | 2349425 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 267253 |  | (2) | 267251 | 273534 |  |  | 273534 | 345800 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets matured or derecognized (excluding write-offs) | (92201) | (78644) | (31343) | (202188) | (95316) | (50949) | (19118) | (165383) | (205649) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 88167 | (87571) | (596) |  | 116524 | (114998) | (1526) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (104890) | 112722 | (7832) |  | (117659) | 124885 | (7226) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (28812) | (127254) | 156066 |  | (66994) | (359623) | 426617 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (74244) | 137226 | 593826 | 656808 | (97946) | 180005 | 1227905 | 1309964 | 1571218 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (25261) | (38727) | 250130 | 186142 | (107507) | (59548) | 149214 | (17841) | 12523 |
| **Total** | 30012 | (82248) | 960249 | 908013 | (95364) | (280228) | 1775866 | 1400274 | 1723892 |
| Write-offs |  |  | (1087637) | (1087637) |  |  | (2058381) | (2058381) | (2524919) |
| Recovery of written–off loans |  |  | 124319 | 124319 |  |  | 133332 | 133332 | 179683 |
| Foreign exchange effect | (466) | (820) | (7259) | (8545) | 118 | 108 | 276 | 502 | 2086 |
| **Expected credit loss at the end of period** | 468870 | 483568 | 713879 | 1666317 | 449996 | 553792 | 821364 | 1825152 | 1730167 |

---

------

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **31.12.2024** |
| **Commercial loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year** | 16640 | 36158 | 123013 | 175811 | 51611 | 64470 | 162385 | 278466 | 278466 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 36545 |  | (2) | 36543 | 62948 |  |  | 62948 | 35739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (11338) | (13459) | (5121) | (29918) | (25587) | (17138) | (1818) | (44543) | (50613) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 3568 | (3568) |  |  | 4854 | (4854) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (18287) | 18561 | (274) |  | (25009) | 25765 | (756) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (68) | (1629) | 1697 |  | (3223) | (14189) | 17412 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (3054) | 2063 | (1752) | (2743) | (3446) | 1909 | 20058 | 18521 | 5748 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (2571) | (4281) | 57156 | 50304 | (14482) | (8473) | 744 | (22211) | (21110) |
| **Total** | 4795 | (2313) | 51704 | 54186 | (3945) | (16980) | 35640 | 14715 | (30236) |
| Write-offs |  |  | (26949) | (26949) |  |  | (52152) | (52152) | (78217) |
| Recovery of written–off loans |  |  | 4258 | 4258 |  |  | 3162 | 3162 | 4254 |
| Foreign exchange effect | (426) | (349) | (5702) | (6477) | 88 | 61 | 216 | 365 | 1544 |
| **Expected credit loss at the end of period** | 21009 | 33496 | 146324 | 200829 | 47754 | 47551 | 149251 | 244556 | 175811 |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **31.12.2024** |
| **Consumer loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year** | 403740 | 474416 | 494700 | 1372856 | 466606 | 713361 | 682417 | 1862384 | 1862384 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 193398 |  |  | 193398 | 170401 |  |  | 170401 | 219439 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (67915) | (52129) | (9994) | (130038) | (57677) | (28170) | (6914) | (92761) | (121477) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 70527 | (69931) | (596) |  | 98905 | (97703) | (1202) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (75720) | 78154 | (2434) |  | (82864) | 85379 | (2515) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (26467) | (114853) | 141320 |  | (56062) | (319550) | 375612 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (57891) | 112650 | 568994 | 623753 | (82543) | 161864 | 1126963 | 1206284 | 1461306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (34508) | (35479) | 172039 | 102052 | (70856) | (52459) | 156997 | 33682 | 95934 |
| **Total** | 1424 | (81588) | 869329 | 789165 | (80696) | (250639) | 1648941 | 1317606 | 1655202 |
| Write-offs |  |  | (1015421) | (1015421) |  |  | (1899656) | (1899656) | (2310032) |
| Recovery of written–off loans |  |  | 110673 | 110673 |  |  | 122422 | 122422 | 165081 |
| Foreign exchange effect | (1) | (286) | (384) | (671) | 29 | 42 | 51 | 122 | 221 |
| **Expected credit loss at the end of period** | 405163 | 392542 | 458897 | 1256602 | 385939 | 462764 | 554175 | 1402878 | 1372856 |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **31.12.2024** |
| **Mortgage loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year** | 5523 | 43956 | 44321 | 93800 | 6794 | 25753 | 54651 | 87198 | 87198 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 2324 |  |  | 2324 | 2818 |  |  | 2818 | 4114 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (307) | (1951) | (8697) | (10955) | (304) | (1161) | (7760) | (9225) | (11385) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 12158 | (12158) |  |  | 9768 | (9768) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (1454) | 6551 | (5097) |  | (2053) | 5964 | (3911) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (862) | (2938) | 3800 |  | (1239) | (2881) | 4120 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (11960) | 11885 | 8826 | 8751 | (9401) | 13043 | 18574 | 22216 | 22256 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (538) | (593) | 7882 | 6751 | (2460) | (528) | (2489) | (5477) | (6945) |
| **Total** | (639) | 796 | 6714 | 6871 | (2871) | 4669 | 8534 | 10332 | 8040 |
| Write-offs |  |  | (2380) | (2380) |  |  | (1274) | (1274) | (1755) |
| Recovery of written–off loans |  |  |  |  |  |  |  |  |  |
| Foreign exchange effect | (35) | (105) | (1124) | (1264) | 1 | 5 | 10 | 16 | 317 |
| **Expected credit loss at the end of period** | 4849 | 44647 | 47531 | 97027 | 3924 | 30427 | 61921 | 96272 | 93800 |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **31.12.2024** |
| **Small and micro-business loans** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year** | 13421 | 12106 | 62173 | 87700 | 20231 | 30328 | 70818 | 121377 | 121377 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 34986 |  |  | 34986 | 37367 |  |  | 37367 | 86508 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured (excluding write-offs) | (12641) | (11105) | (7531) | (31277) | (11748) | (4480) | (2626) | (18854) | (22174) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 1914 | (1914) |  |  | 2997 | (2673) | (324) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (9429) | 9456 | (27) |  | (7733) | 7777 | (44) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (1415) | (7834) | 9249 |  | (6470) | (23003) | 29473 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (1339) | 10628 | 17758 | 27047 | (2556) | 3189 | 62310 | 62943 | 81908 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 12356 | 1626 | 13053 | 27035 | (19709) | 1912 | (6038) | (23835) | (55356) |
| **Total** | 24432 | 857 | 32502 | 57791 | (7852) | (17278) | 82751 | 57621 | 90886 |
| Write-offs |  |  | (42887) | (42887) |  |  | (105299) | (105299) | (134915) |
| Recovery of written–off loans |  |  | 9388 | 9388 |  |  | 7748 | 7748 | 10348 |
| Foreign exchange effect | (4) | (80) | (49) | (133) |  |  | (1) | (1) | 4 |
| **Expected credit loss at the end of period** | 37849 | 12883 | 61127 | 111859 | 12379 | 13050 | 56017 | 81446 | 87700 |

---

------

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

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **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** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) | S/(000) |
| **Expected credit loss at beginning of year balance** | 2663 | 2250 | 9335 | 14248 | 6624 | 3939 | 7369 | 17932 | 17932 |
| Impact of the expected credit loss on the consolidated statement of income - |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;New originated or purchased assets | 2655 |  |  | 2655 | 3982 |  |  | 3982 | 2110 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assets derecognized or matured | (928) | (574) | (1262) | (2764) | (2792) | (1346) | (328) | (4466) | (5089) |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 1 | 118 | (118) |  |  | 1308 | (1308) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 2 | (971) | 1012 | (41) |  | (936) | 1200 | (264) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Transfers to Stage 3 | (117) |  | 117 |  | (240) | (71) | 311 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Impact on the expected credit loss for credits that change stage in the period | (47) | 420 | (34) | 339 | (832) | 104 | 1227 | 499 | 92 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 269 | 108 | (470) | (93) | (308) | 88 | 390 | 170 | (826) |
| **Total** | 979 | 848 | (1690) | 137 | 182 | (1333) | 1336 | 185 | (3713) |
| Foreign exchange effect | (17) | (6) | (2) | (25) |  |  |  |  | 29 |
| **Expected credit loss at the end of period, Note 8(a)** | 3625 | 3092 | 7643 | 14360 | 6806 | 2606 | 8705 | 18117 | 14248 |

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------

**7. Investment property** 

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** | **Acquisition or construction year** | **Valuation methodology** |
|  | S/(000) | S/(000) |  |  |
| **Land (i)** |  |  |  |  |
| San Isidro – Lima | 267784 | 279775 | 2009 | Appraisal |
| Pardo (Vivanda) | 109979 | 68200 | 2021 | Appraisal/Cost |
| San Martín de Porres – Lima | 80752 | 80389 | 2015 | Appraisal |
| Nuevo Chimbote | 35848 | 37382 | 2021 | Appraisal |
| Ate Vitarte – Lima | 31550 | 32195 | 2006 | Appraisal |
| Santa Clara – Lima | 27382 | 28613 | 2017 | Appraisal |
| Others | 32802 | 33982 | - | Appraisal/Cost |
|  | 586097 | 560536 |  |  |
| **Completed investment property -<br>"Real Plaza" shopping malls (i)** |  |  |  |  |
| Talara | 26008 | 26720 | 2015 | DCF |
|  | 26008 | 26720 |  |  |
| **Buildings (i)** |  |  |  |  |
| Orquideas - San Isidro – Lima | 152105 | 150718 | 2017 | DCF |
| Ate Vitarte – Lima | 144666 | 133768 | 2006 | DCF |
| Chorrillos – Lima | 103347 | 95849 | 2017 | DCF |
| Piura | 102033 | 94907 | 2020 | DCF |
| Paseo del Bosque | 100808 | 100023 | 2021 | DCF |
| Chimbote | 52382 | 48690 | 2015 | DCF |
| Maestro-Huancayo | 37848 | 35004 | 2017 | DCF |
| Cuzco | 33213 | 29843 | 2017 | DCF |
| Panorama – Lima | 24223 | 22474 | 2016 | DCF |
| Others | 89159 | 83256 | - | DCF/Appraisal |
|  | 839784 | 794532 |  |  |
| **Total** | 1451889 | 1381788 |  |  |

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DCF: Discounted cash flow

&nbsp;&nbsp;&nbsp;&nbsp;(i) As of September 30, 2025 and December 31, 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 September 30, 2025 and 2024, consists of the following:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| Gain on valuation | 27944 | 29418 |
| Income from rental | 57621 | 53145 |
| Gain (loss) on sale | 320 | (3176) |
| **Total gain, net** | 85885 | 79387 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The movement of investment property for the nine-month period ended September 30, 2025 and 2024, is as follows:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Beginning of period balance** | 1381788 | 1298892 |
| Additions | 47157 | 40516 |
| Sales |  | (39176) |
| Gain on valuation | 27944 | 29418 |
| Net transfers | (5000) |  |
| **Balance as of September 30** | 1451889 | 1329650 |
| **Balance as of December 31, 2024** |  | 1381788 |

---

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**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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Other accounts receivable and other assets** |  |  |
| **Financial instruments** |  |  |
| Accounts receivable from sale of investments | 611352 | 432341 |
| Other accounts receivable, net | 496826 | 540883 |
| POS commission receivable | 180689 | 390126 |
| Operations in process | 172617 | 149105 |
| Accounts receivable related to derivative financial instruments (b) | 161021 | 143201 |
| Accounts receivable from short sale operations | 45847 | 61191 |
| Others | 22837 | 14954 |
|  | 1691189 | 1731801 |
| **Non-financial instruments** |  |  |
| Tax paid to recover | 263150 | 673786 |
| Deferred charges | 161262 | 99776 |
| Deferred cost of POS affiliation and registration | 71349 | 85006 |
| Tax credit for General Sales Tax - IGV | 46500 | 35391 |
| Investments in associates | 25089 | 24795 |
| POS equipment supplies | 12777 | 12966 |
| Assets received as payment and seized through legal actions | 5319 | 4158 |
| Others | 9595 | 2499 |
|  | 595041 | 938377 |
| **Total** | 2286230 | 2670178 |

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------

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Other accounts payable, provisions and other liabilities** |  |  |
| **Financial instruments** |  |  |
| Insurance contract liability with investment component | 1900835 | 1308422 |
| Other accounts payable | 623466 | 665296 |
| Accounts payable for purchase of investments | 559937 | 353787 |
| Third party compensation (\*) | 396967 | 866665 |
| Operations in process | 320137 | 556543 |
| Accounts payable related to derivative financial instruments (b) | 195527 | 102288 |
| Workers' profit sharing and salaries payable | 171701 | 109395 |
| Lease liabilities | 149392 | 143803 |
| Financial liabilities at fair value through profit or los | 51360 | 61153 |
| Allowance for indirect loan losses, Note 6(d.2) | 14360 | 14248 |
| Accounts payable to reinsurers and coinsurers | 11403 | 6354 |
|  | 4395085 | 4187954 |
| **Non-financial instruments** |  |  |
| Taxes payable | 92414 | 87262 |
| Provision for other contingencies | 44461 | 107078 |
| Deferred income (\*\*) | 40660 | 36394 |
| Registration for use of POS | 12248 | 18005 |
| Others | 10870 | 8839 |
|  | 200653 | 257578 |
| **Total** | 4595738 | 4445532 |

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(\*) 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The following table presents, as of September 30, 2025 and December 31, 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 September 30, 2025** | **S/(000)** | **S/(000)** | **S/(000)** | **S/(000)** |  |  |  |
| **Derivatives held for trading -** |  |  |  |  |  |  |  |
| Forward exchange contracts | 107146 | 57823 | 6870127 |  | Between October 2025 and February 2027 | - | - |
| Interest rate swaps | 22050 | 13722 | 3302066 |  | Between October 2025 and June 2036 | - | - |
| Cross swaps | 9205 | 20918 | 1068858 |  | Between October 2025 and April 2030 | - | - |
| Options |  | 2 | 2328 |  | Between November 2025 and April 2026 | - | - |
|  | 138401 | 92465 | 11243379 |  |  |  |  |
| **Derivatives held as hedges -<br>Cash flow hedges:** |  |  |  |  |  |  |  |
| Cross currency swaps (CCS) |  | 75951 | 1041000 | 11208 | October 2026 | Corporate bonds | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) | 22620 |  | 521400 | 14778 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 2279 | 173500 | (365) | October 2027 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 2664 | 173500 | (229) | September 2027 | Due to banks | Due to banks and correspondents |
| Cross currency swaps (CCS) |  | 9713 | 69520 | 2119 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 9693 | 69520 | 2027 | October 2027 | Senior bond | Bonds, notes and obligations outstanding |
| Cross currency swaps (CCS) |  | 2762 | 34760 | 688 | 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 |
|  | 22620 | 103062 | 2083200 | 31347 |  |  |  |
|  | 161021 | 195527 | 13326579 | 31347 |  |  |  |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **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 September 30, 2025 and December 31, 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 September 30, 2025 and December 31, 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Time deposits | 19509609 | 19891128 |
| Saving deposits | 19979099 | 19411720 |
| Demand deposits | 13408441 | 13746684 |
| Compensation for service time | 696455 | 711806 |
| Other obligations | 16662 | 6690 |
| **Total** | 53610266 | 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 September 30, 2025 and December 31, 2024, deposits and obligations of approximately S/19,822,844,000 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/118,300 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **By type -** |  |  |
| Banco Central de Reserva del Peru (b) | 1872800 | 1756687 |
| Promotional credit lines | 2027407 | 2090825 |
| Loans received from foreign entities | 3737572 | 3304169 |
| Loans received from Peruvian entities | 251642 | 332165 |
|  | 7889421 | 7483846 |
| Interest and commissions payable | 38649 | 78211 |
|  | 7928070 | 7562057 |
| **By term -** |  |  |
| Short term | 5168570 | 3586376 |
| Long term | 2759500 | 3975681 |
| **Total** | 7928070 | 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 September 30, 2025 and December 31, 2024, Interbank maintains this type of operations guaranteed by a loan portfolio for approximately S/917,000 and S/123,772,000, respectively. 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** | **30.09.2025** | **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 | 120687 | 130912 |
| Third - single series | Interseguro | 4.84375% | Semi-annually | 2030 | US$25,000 | 86750 | 94100 |
|  |  |  |  |  |  | 207437 | 225012 |
| **Subordinated bonds – fourth program** |  |  |  |  |  |  |  |
| First (A series) | Interseguro | 6.75% | Semi-annually | 2034 | US$28,706 | 99610 | 108049 |
| First (B series) | Interseguro | 6.50% | Semi-annually | 2035 | US$18,217 | 63213 |  |
|  |  |  |  |  |  | 162823 | 108049 |
| **Negotiable certificates of deposits – second program** |  |  |  |  |  |  |  |
| 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 | 101124 | 97643 |
| First (D series) | Interbank | 4.56250% | Annual | 2026 | S/ 106,650 | 102943 |  |
| First (E series) | Interbank | 4.46875% | Annual | 2026 | S/ 101,250 | 97008 |  |
|  |  |  |  |  |  | 301075 | 341505 |
| **Corporate bonds – second program** |  |  |  |  |  |  |  |
| Fifth (A series) | Interbank | 3.41% + VAC (\*) | Semi-annually | 2029 | S/150,000 | 150000 | 150000 |
| **Total local issuances** |  |  |  |  |  | 821335 | 824566 |
| **International issuances** |  |  |  |  |  |  |  |
| Subordinated bonds | Interbank | 4.000% | Semi-annually | 2030 | US$300,000 |  | 1124502 |
| Corporate bonds | Interbank | 5.000% | Semi-annually | 2026 | S/312,000 | 311879 | 311788 |
| Corporate bonds | Interbank | 3.250% | Semi-annually | 2026 | US$400,000 | 1386074 | 1501894 |
| Senior bonds | IFS | 4.125% | Semi-annually | 2027 | US$300,000 | 980360 | 1062514 |
| Subordinated bonds | Interbank | 7.625% | Semi-annually | 2034 | US$300,000 | 1035718 | 1122122 |
| Subordinated bonds | Interbank | 6.397% | Semi-annually | 2035 | US$350,000 | 1208994 |  |
| **Total international issuances** |  |  |  |  |  | 4923025 | 5122820 |
| **Total local and international issuances** |  |  |  |  |  | 5744360 | 5947386 |
| Interest payable |  |  |  |  |  | 143172 | 128047 |
| **Total** |  |  |  |  |  | 5887532 | 6075433 |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 September 30, 2025 and December 31, 2024.

------

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

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 (\*)** | (19048) | 5358 | (13690) | (18602) | 1968 | (16634) |
| **Insurance contracts issued** |  |  |  |  |  |  |
| Remaining coverage liability | (38510) | 12631413 | 12592903 |  | 12335922 | 12335922 |
| Liability for claims incurred |  | 296742 | 296742 |  | 186430 | 186430 |
| **Total insurance contracts issued (b) and (c)** | (38510) | 12928155 | 12889645 |  | 12522352 | 12522352 |
| **Total reinsurance contracts held and issued** | (57558) | 12933513 | 12875955 | (18602) | 12524320 | 12505718 |

---

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

------

(b) The composition of issued insurance contract liabilities is presented below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** |
|  | **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 | (802751) |  |  |  |  |  | (802751) |
| &nbsp;&nbsp;Contracts under fair value, BBA and VFA approach | (435941) |  |  |  |  |  | (435941) |
| &nbsp;&nbsp;Contracts under PAA approach | (366810) |  |  |  |  |  | (366810) |
| Insurance service expenses | 128700 | (27699) | 326103 | (1789) | 250314 | 4596 | 680225 |
| &nbsp;&nbsp;Claims and other expenses incurred |  |  | 724780 | 71 | 173884 | 4596 | 903331 |
| &nbsp;&nbsp;Amortization of insurance acquisition cash flows | 128700 |  |  |  |  |  | 128700 |
| &nbsp;&nbsp;Gains on onerous contracts and reversals of those losses |  | (27699) |  |  |  |  | (27699) |
| &nbsp;&nbsp;Changes to liabilities for incurred claims |  |  | (398677) | (1860) | 76430 |  | (324107) |
| **Insurance service result** | (674051) | (27699) | 326103 | (1789) | 250314 | 4596 | (122526) |
| **Insurance financial expenses** | 982051 | 22096 |  |  |  |  | 1004147 |
| &nbsp;&nbsp;Insurance financial result | 446271 | 22096 |  |  |  |  | 468367 |
| &nbsp;&nbsp;Interest rate effect | 535780 |  |  |  |  |  | 535780 |
| **Effect of movements in exchange rates** | (348723) | (16511) | (1581) | (192) | (555) | (7) | (367569) |
| **Total changes in the statement of income and other comprehensive income** | (40723) | (22114) | 324522 | (1981) | 249759 | 4589 | 514052 |
| **Net cash flow and investment component** | 319818 |  | (341314) |  | (125263) |  | (146759) |
| &nbsp;&nbsp;Premiums received | 943266 |  |  |  |  |  | 943266 |
| &nbsp;&nbsp;Claims and other expenses paid |  |  | (774803) |  | (125263) |  | (900066) |
| &nbsp;&nbsp;Insurance acquisition cash flows | (189959) |  |  |  |  |  | (189959) |
| &nbsp;&nbsp;Investment component | (433489) |  | 433489 |  |  |  |  |
| **Balance as of September 30, 2025** | 11872849 | 720054 | 131309 | 2290 | 157772 | 5371 | 12889645 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **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 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Following is the present value estimates of future cash flows, risk adjustment and the contractual service margin (CSM) for portfolios included in the life insurance unit of insurance contracts issued:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 |  |  | (67740) | (67740) |  |  | (94596) | (94596) |
| &nbsp;&nbsp;Risk adjustment recognized for the risk expired |  | (15385) |  | (15385) |  | (12257) |  | (12257) |
| &nbsp;&nbsp;Experience adjustments | (46862) |  |  | (46862) | (30427) |  |  | (30427) |
| Changes that relate to future services |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Contracts initially recognized in the period | (239199) | 13484 | 252488 | 26773 | (260895) | 13417 | 269737 | 22259 |
| &nbsp;&nbsp;Changes in estimates that adjust the contractual service margin | 40347 | (1976) | (38371) |  | 101713 | (6470) | (95243) |  |
| &nbsp;&nbsp;Changes in estimates that do not adjust the contractual service margin | 4156 | (8662) |  | (4506) | 88456 | (36502) |  | 51954 |
| Changes that relate to past services |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Adjustments to liabilities for incurred claims | (15005) | (1997) |  | (17002) | (6806) |  |  | (6806) |
| **Insurance service result** | (256563) | (14536) | 146377 | (124722) | (107959) | (41812) | 79898 | (69873) |
| **Insurance financial expenses** | 889103 | 20405 | 37853 | 947361 | 593390 | 15090 | 46348 | 654828 |
| &nbsp;&nbsp;Insurance financial result | 353323 | 20405 | 37853 | 411581 | 533836 | 15090 | 46348 | 595274 |
| &nbsp;&nbsp;Interest rate effect (\*) | 535780 |  |  | 535780 | 59554 |  |  | 59554 |
| **Effect of movements in Exchange rates** | (294188) | (6656) | (9050) | (309894) | 68328 | 1242 | 1735 | 71305 |
| **Total changes in the statement of income and other comprehensive income** | 338352 | (787) | 175180 | 512745 | 553759 | (25480) | 127981 | 656260 |
| **Cash flows** | (237720) |  |  | (237720) | (320911) |  |  | (320911) |
| &nbsp;&nbsp;Premiums received | 614910 |  |  | 614910 | 812221 |  |  | 812221 |
| &nbsp;&nbsp;Claims and other expenses paid | (774803) |  |  | (774803) | (1039615) |  |  | (1039615) |
| &nbsp;&nbsp;Insurance acquisition cash flows | (77827) |  |  | (77827) | (93517) |  |  | (93517) |
| **Balances** | 11405755 | 276497 | 1046031 | 12728283 | 11305123 | 277284 | 870851 | 12453258 |

---

(\*) Balance does not include PPA movement of LRC and LIC amounting to S/161,362,000 and S/69,094,000 as of September 30, 2025 and December 31, 2024, respectively.

------

(d) Following is the CSM movement for insurance contract portfolios using the fair value approach, as of September 30, 2025 and December 31, 2024:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **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 | (67740) | (94596) |
| Changes that relate to future services |  |  |
| &nbsp;&nbsp;Contracts initially recognized in the period | 252488 | 269737 |
| &nbsp;&nbsp;Changes in estimates that adjust the contractual service margin | (38371) | (95243) |
| **Insurance service result** | 146377 | 79898 |
| **Insurance financial expenses** | 37853 | 46348 |
| **Effect of movements in exchange difference** | (9050) | 1735 |
| **Total changes in the statement of income** | 175180 | 127981 |
| Other movements |  |  |
| **Balance** | 1046031 | 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Cumulative other comprehensive income, opening balance** | 682727 | 744116 |
| Losses recognized in other comprehensive income in the period | (535780) | (59554) |
| Rate effect of "Renta Particular" contract (\*) | (530) | 1065 |
| Others | (2175) | (2900) |
| **Cumulative other comprehensive income, closing balance** | 144242 | 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.

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**13. Equity, net**

&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 September 30, 2025 and December 31, 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 on April 29, 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 ("2023 Share Repurchase Program"). Additionally, on March 31, 2025, IFS's shareholders approved a new Share Repurchase Program, which is expected to begin after the previous program is exhausted or terminated.

In the context of both programs, as of September 30, 2025 and December 31, 2024, the Company and certain subsidiaries hold 4,096,000 and 2,159,000 shares issued by IFS, with an acquisition cost of US$117,097,000 (equivalent to S/433,225,000) 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 their 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;&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 September 30, 2025 and December 31, 2024, the Financial Group is comprised of Intercorp Financial Services Inc. and its subsidiaries plus 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 September 30, 2025 and December 31, 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) 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 September 30, 2025 and 2024, the Company has recorded a provision for income tax on dividends amounting S/30,109,000 and S/19,314,000, 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 September 30, 2025 and December 31, 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 September 30, 2025:

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| | |
|:---|:---|
| **Entity** | **Periods subject to review** |
| Interbank | From 2021 to 2024 |
| Interseguro | From 2021 to 2024 |
| Izipay | From 2020 to 2024 |
| Procesos de Medios de Pago | From 2021 to 2024 |

---

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:

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Interbank:

- 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, 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).

- 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.

- 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.

- 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).

- Tax period 2014, 2025, 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.

- Tax period 2019:

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).

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- 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 September 30, 2025, and December 31, 2024.

Proceso 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 September 30, 2025 and December 31, 2024, Izipay maintains carryforward tax losses amounting to S/91,515,432 and S/70,043,812, respectively. In application of current tax regulations, the Company 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 September 30, 2025 and December 31, 2024.

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&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:

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| | | |
|:---|:---|:---|
|  | **For the nine-month ended as of September 30,** | **For the nine-month ended as of September 30,** |
|  | **2025** | **2024** |
|  | S/(000) | S/(000) |
| Current – Expense | 383665 | 99277 |
| Current – Dividend expense, Note 14(b) | 30109 | 19314 |
| Deferred – (Income) expense | (42299) | 68682 |
|  | 371475 | 187273 |

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&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.

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

This caption is comprised of the following:

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| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Interest and similar income** |  |  |
| Interest on loan portfolio | 3798975 | 3873762 |
| Impact from the modification of contractual cash flows due to the loan rescheduling schemes | (585) | 2063 |
| Interest on investments at fair value through other comprehensive income | 890311 | 933345 |
| Interest on due from banks and inter-bank funds | 233170 | 288156 |
| Interest on investments at amortized cost | 172361 | 159265 |
| Dividends on financial instruments | 64732 | 36198 |
| Others | 10179 | 10136 |
| **Total** | 5169143 | 5302925 |
| **Interest and similar expenses** |  |  |
| Interest and fees on deposits and obligations | (952076) | (1161345) |
| Interest and fees on obligations with financial institutions | (308748) | (367351) |
| Interest on bonds, notes and other obligations | (299761) | (245069) |
| Insurance contract expense with investment component | (75090) | (55338) |
| Deposit insurance fund fees | (67060) | (64357) |
| Interest on lease payments | (7216) | (5448) |
| Others | (6795) | (5952) |
| **Total** | (1716746) | (1904860) |

---

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

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

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| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Income** |  |  |
| **Performance obligations at a point in time:** |  |  |
| Accounts maintenance, carriage, transfers, and debit and credit card fees | 581846 | 558917 |
| Income from services (acquirer and issuer role) (b) | 540142 | 542081 |
| Banking service fees | 179100 | 148753 |
| Brokerage and custody services | 8586 | 5934 |
| Others | 18761 | 23305 |
| **Performance obligations over time:** |  |  |
| Funds management | 131553 | 115219 |
| Contingent loans fees | 50847 | 50538 |
| Collection services | 38724 | 42470 |
| Others | 21224 | 15005 |
| **Total** | 1570783 | 1502222 |
| **Expenses** |  |  |
| Expenses for services (acquirer and issuer role) (b) | (257736) | (251793) |
| Credit cards | (117563) | (145127) |
| Credit card processing commissions | (85417) | (76822) |
| Local banks fees | (54737) | (52105) |
| Digital services fees | (54503) | (37507) |
| Credit life insurance premiums | (50011) | (52367) |
| Foreign banks fees | (20252) | (19557) |
| Others | (24118) | (23920) |
| **Total** | (664337) | (659198) |
| **Net** | 906446 | 843024 |

---

&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.

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

This caption is comprised of the following:

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| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Other income** |  |  |
| Gain from sale of written-off-loans | 28702 | 1012 |
| Maintenance, installation and sale of POS equipment | 14903 | 17900 |
| Other technical income from insurance operations | 9265 | 4317 |
| Participation in investments in associates | 5487 | 5564 |
| Services rendered to third parties | 5287 | 6421 |
| Income from ATM rentals | 4069 | 4106 |
| Others | 41134 | 34342 |
| **Total other income** | 108847 | 73662 |
| **Other expenses** |  |  |
| Commissions from insurance activities | (44403) | (31371) |
| Administrative and tax penalties | (13691) | (10731) |
| Expenses related to rental income | (10478) | (8719) |
| Provision for accounts receivable | (10205) | (7863) |
| Sundry technical insurance expenses | (8976) | (10970) |
| Donations | (3296) | (3381) |
| Provision for sundry risk | (2291) | (21091) |
| Others | (25218) | (42827) |
| **Total other expenses** | (118558) | (136953) |

---

.

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**18. Result from insurance activities**

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

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** |
|  | **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 | 37729 | 3709 | 26302 | 67740 | 47578 | 2878 | 21062 | 71518 |
| Change in Risk adjustment for non-financial risk | 2047 | 11469 | 1010 | 14526 | 2361 | 3763 | (564) | 5560 |
| Insurance service expenses and expected claims incurred | 51856 | 215993 | 71175 | 339024 | 51273 | 210690 | 54074 | 316037 |
| Recovery of cash for insurance acquisition | 3672 | 648 | 10330 | 14650 | 3443 | 372 | 7108 | 10923 |
| Contracts measured under PAA: |  |  |  |  |  |  |  |  |
| Premiums assigned to the period | 181029 | 182515 | 3266 | 366810 | 165207 |  | 2919 | 168126 |
|  | 276333 | 414334 | 112083 | 802750 | 269862 | 217703 | 84599 | 572164 |
| **Insurance service expenses -** |  |  |  |  |  |  |  |  |
| Claims incurred expenses and other expenses | (75342) | (722903) | (105086) | (903331) | (65497) | (611940) | (93405) | (770842) |
| Onerous contract losses and loss reversion | 2016 | 21920 | 3763 | 27699 | 7778 | (24166) | (4965) | (21353) |
| Amortization of insurance acquisition cash flows | (117722) | (648) | (10330) | (128700) | (90888) | (372) | (7108) | (98368) |
| Changes to liabilities for incurred claims | (42312) | 323502 | 42917 | 324107 | (50552) | 364311 | 44404 | 358163 |
|  | (233360) | (378129) | (68736) | (680225) | (199159) | (272167) | (61074) | (532400) |
| **Insurance service results** | 42973 | 36205 | 43347 | 122525 | 70703 | (54464) | 23525 | 39764 |
| Reinsurance income | (748) | (1545) | (2568) | (4861) | (3075) | (2110) | (4640) | (9825) |
| Financial result of insurance operations (b) |  | (426930) | (41437) | (468367) |  | (419960) | (27191) | (447151) |
| **Result from insurance activities (\*\*)** | 42225 | (392270) | (658) | (350703) | 67628 | (476534) | (8306) | (417212) |

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(\*) 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/304,041,000 and S/277,677,000 as of September 30, 2025 and 2024, respectively. See also segment information in Note 21.

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2024** | **30.09.2024** | **30.09.2024** |
|  | **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 |  | (11469) | (11469) |  | (6022) | (6022) |
| Interest credited | (426631) | (32764) | (459395) | (419718) | (24755) | (444473) |
| Changes in interest rate and other financial hypotheses | (284) | 3016 | 2732 | (243) | 3588 | 3345 |
| Effect of changes in current estimates and in CSM adjustment rates in relation to the rates used in the initial recognition | (15) | (220) | (235) | 1 | (2) | (1) |
| **Financial results from insurance operations** | (426930) | (41437) | (468367) | (419960) | (27191) | (447151) |

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**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:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Outstanding<br>shares** | **Shares considered in computation** | **Effective days in the period** | **Weighted average number of shares outstanding** |
|  | (in thousands) | (in thousands) |  | (in thousands) |
| **Period 2024** |  |  |  |  |
| Balance as of January 1 | 114480 | 114480 | 270 | 114480 |
| Purchase of treasury stock | (48) | (48) | 5 | (1) |
| **Balance as of September 30, 2024** | 114432 | 114432 |  | 114479 |
| **Net earnings attributable to IFS's shareholders for the period S/(000)** |  |  |  | 812530 |
| **Earnings per share attributable to IFS's shareholders in Soles (basic and diluted)** |  |  |  | 7.098 |
| **Period 2025** |  |  |  |  |
| Balance as of January 1 | 113288 | 113288 | 270 | 113288 |
| Purchase of treasury stock | (1937) | (1937) | 147 | (1055) |
| **Balance as of September 30, 2025** | 111351 | 111351 |  | 112233 |
| **Net earnings attributable to IFS's shareholders for the period S/(000)** |  |  |  | 1474066 |
| **Earnings per share attributable to IFS's shareholders in Soles (basic and diluted)** |  |  |  | 13.134 |

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**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 September 30, 2025 and December 31, 2024 and for the nine-month period ended September 30, 2025 and 2024:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Assets** |  |  |
| Instruments at fair value through profit or loss | 209 | 819 |
| Investments at fair value through other comprehensive income | 71117 | 72906 |
| Loans, net (b) | 1938105 | 1805083 |
| Accounts receivable | 89041 | 87889 |
| Other assets | 8286 | 11454 |
| **Liabilities** |  |  |
| Deposits and obligations | 1052783 | 1084713 |
| Other liabilities | 74098 | 224391 |
| **Off-balance sheet accounts** |  |  |
| Indirect loans (b) | 68811 | 59399 |
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| **Income (expenses)** |  |  |
| Interest and similar income | 104745 | 88273 |
| Rental income | 25793 | 21565 |
| Interest and similar expenses | (19288) | (24935) |
| Administrative expenses | (31681) | (29943) |
| Gain (loss) on sale of investment property | 320 | (3176) |
| Others, net | 47002 | 46535 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of September 30, 2025 and December 31, 2024, the detail of loans is the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **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 | 1418481 | 15077 | 1433558 | 1502218 | 3409 | 1505627 |
| Associates | 519624 | 53734 | 573358 | 302865 | 55990 | 358855 |
|  | 1938105 | 68811 | 2006916 | 1805083 | 59399 | 1864482 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As of September 30, 2025 and December 31, 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 September 30, 2025 and December 31, 2024, direct loans to employees, directors and executives amounted to S/254,620,000 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 nine-month period ended September 30, 2025 and 2024, is presented below:

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| | | |
|:---|:---|:---|
|  | **30.09.2025** | **30.09.2024** |
|  | S/(000) | S/(000) |
| Salaries | 28070 | 26673 |
| Board of Directors' compensations | 3074 | 3023 |
| **Total** | 31144 | 29696 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) As of September 30, 2025 and December 31, 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/366,000 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 permitted 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 in order 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.

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As of September 30, 2025 and December 31, 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.

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The following table presents the Group's financial information by business segments for the nine-month period ended September 30, 2025 and 2024:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** |
|  | **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 | 4359835 | 695473 | 123344 | (9509) | 5169143 |
| Interest and similar expenses | (1508670) | (136846) | (75053) | 3823 | (1716746) |
| **Net interest and similar income** | 2851165 | 558627 | 48291 | (5686) | 3452397 |
| Loss due to impairment of loans | (907997) |  | (153) |  | (908150) |
| (Loss) recovery due to impairment of financial investments | (156) | (137082) | 416 | 15 | (136807) |
| **Net interest and similar income after impairment loss on loans** | 1943012 | 421545 | 48554 | (5671) | 2407440 |
| Fee income from financial services, net | 654730 | (9763) | 145521 | 115958 | 906446 |
| Net gain (loss) on sale of financial investments | 52083 | 19005 | (1463) |  | 69625 |
| Other income | 410918 | 133262 | 151746 | 128794 | 824720 |
| Result from insurance activities |  | (46642) |  | (20) | (46662) |
| Depreciation and amortization | (226615) | (15124) | (6141) | (93163) | (341043) |
| Other expenses | (1427176) | (319638) | (122385) | (127240) | (1996439) |
| **Income before translation result and Income Tax** | 1406952 | 182645 | 215832 | 18658 | 1824087 |
| Exchange difference | 576 | 28628 | 747 | (681) | 29270 |
| Income Tax | (335398) |  | (9822) | (26255) | (371475) |
| **Net profit for the period** | 1072130 | 211273 | 206757 | (8278) | 1481882 |
| **Attributable to:** |  |  |  |  |  |
| IFS's shareholders | 1072130 | 211273 | 206757 | (16094) | 1474066 |
| Non-controlling interest |  |  |  | 7816 | 7816 |
|  | 1072130 | 211273 | 206757 | (8278) | 1481882 |

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

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** | **30.09.2024** |
|  | **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 | 4500616 | 658398 | 135903 | 8008 | 5302925 |
| Interest and similar expenses | (1705305) | (116943) | (81865) | (747) | (1904860) |
| **Net interest and similar income** | 2795311 | 541455 | 54038 | 7261 | 3398065 |
| Loss on loans, net of recoveries | (1400176) |  | (283) |  | (1400459) |
| Loss due to impairment of financial investments | (1003) | (41907) | 9 | (44) | (42945) |
| **Net interest and similar income after impairment loss on loans** | 1394132 | 499548 | 53764 | 7217 | 1954661 |
| Fee income from financial services, net | 581233 | (7881) | 123962 | 145710 | 843024 |
| Net gain (loss) on sale of financial investments | 12039 | 9403 | (3358) |  | 18084 |
| Other income | 362248 | 66343 | 22186 | 39476 | 490253 |
| Result from insurance activities |  | (139506) |  | (29) | (139535) |
| Depreciation and amortization | (223573) | (16312) | (6557) | (64717) | (311159) |
| Other expenses | (1304617) | (286013) | (116898) | (134351) | (1841879) |
| **Income before translation result and Income Tax** | 821462 | 125582 | 73099 | (6694) | 1013449 |
| Exchange difference | (8585) | 558 | 344 | (1126) | (8809) |
| Income Tax | (153142) |  | (7665) | (26466) | (187273) |
| **Net profit (loss) for the period** | 659735 | 126140 | 65778 | (34286) | 817367 |
| **Attributable to:** |  |  |  |  |  |
| IFS's shareholders | 659735 | 126140 | 65778 | (39123) | 812530 |
| Non-controlling interest |  |  |  | 4837 | 4837 |
|  | 659735 | 126140 | 65778 | (34286) | 817367 |

---

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** | **30.09.2025** |
|  | **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 (\*\*)** | 242271 | 49263 | 5675 | 36590 | 333799 |
| **Total assets** | 75034189 | 17155144 | 4313846 | 624355 | 97127534 |
| **Total liabilities** | 65237352 | 16444485 | 3209822 | 284780 | 85176439 |
|  | **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 nine-month period ended September 30, 2025, is S/8,067,180,000 in Peru and S/369,842,000 in Panama (for the nine-month period ended September 30, 2024, was S/7,644,660,000 in Peru and S/240,987,000 in Panama). The distribution of the Group's total assets based on the location of the customer and its assets as of September 30, 2025 is S/92,952,104,000 in Peru and S/4,175,430,000 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 September 30, 2025 and December 31, 2024, are presented below.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 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 |  |  |  | 12619633 | 12619633 |
| Inter-bank funds |  |  |  | 115013 | 115013 |
| Financial investments | 1979248 | 21212234 | 511123 | 3917117 | 27619722 |
| Loans, net |  |  |  | 50447120 | 50447120 |
| Due from customers on acceptances |  |  |  | 28599 | 28599 |
| Other accounts receivable and other assets, net | 161021 |  |  | 1530168 | 1691189 |
| Reinsurance contracts assets |  |  |  | 57558 | 57558 |
|  | 2140269 | 21212234 | 511123 | 68715208 | 92578834 |
| **Financial liabilities** |  |  |  |  |  |
| Deposits and obligations |  |  |  | 53610266 | 53610266 |
| Inter-bank funds |  |  |  | 69008 | 69008 |
| Due to banks and correspondents |  |  |  | 7928070 | 7928070 |
| Bonds, notes and other obligations |  |  |  | 5887532 | 5887532 |
| Due from customers on acceptances |  |  |  | 28599 | 28599 |
| Insurance and reinsurance contract liabilities |  |  |  | 12933513 | 12933513 |
| Other accounts payable, provisions and other liabilities | 246887 |  |  | 4148198 | 4395085 |
|  | 246887 |  |  | 84605186 | 84852073 |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **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 an 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 loans' expected loss.

In compliance with the policy of monitoring the Group's credit risk, during 2024 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 September 30, 2025 and December 31, 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 September 30, 2025** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 161021 |  | 161021 | (50654) | (43549) | 66818 |
| **Total** | **161021** |  | **161021** | **(50654)** | **(43549)** | **66818** |
| **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 September 30, 2025 and December 31, 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 September 30, 2025** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 195527 |  | 195527 | (50654) | (45735) | 99138 |
| **Total** | **195527** |  | **195527** | **(50654)** | **(45735)** | **99138** |
| **As of December 31, 2024** |  |  |  |  |  |  |
| Derivatives, Note 8(b) | 102288 |  | 102288 | (30231) | (21568) | 50489 |
| **Total** | **102288** |  | **102288** | **(30231)** | **(21568)** | **50489** |

---

&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 September 30, 2025, the weighted average exchange rate of free market published by the SBS for transactions in US Dollars was S/3.464 per US$1 bid and S/3.476 per US$1 ask (S/3.758 and S/3.770 as of December 31, 2024, respectively). As of September 30, 2025, the exchange rate for the accounting of asset and liability accounts in foreign currency set by the SBS was S/3.470 per US$1 (S/3.764 as of December 31, 2024).

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **US Dollars** | **Soles** | **Other<br>currencies** | **Total** |
|  | S/(000) | S/(000) | S/(000) | S/(000) |
| **Assets** |  |  |  |  |
| Cash and due from banks | 9819615 | 2489463 | 310555 | 12619633 |
| Inter-bank funds |  | 115013 |  | 115013 |
| Financial investments | 7797800 | 19778111 | 43811 | 27619722 |
| Loans, net | 14000225 | 36435857 | 11038 | 50447120 |
| Due from customers on acceptances | 28599 |  |  | 28599 |
| Other accounts receivable and other assets, net | 631909 | 1059260 | 20 | 1691189 |
| Reinsurance contract assets | 817 | 56741 |  | 57558 |
|  | 32278965 | 59934445 | 365424 | 92578834 |
| **Liabilities** |  |  |  |  |
| Deposits and obligations | 19104453 | 33974322 | 531491 | 53610266 |
| Inter-bank funds |  | 69008 |  | 69008 |
| Due to banks and correspondents | 2596158 | 5331912 |  | 7928070 |
| Bonds, notes and other obligations | 5075395 | 812137 |  | 5887532 |
| Due from customers on acceptances | 28599 |  |  | 28599 |
| Insurance and reinsurance contract liabilities | 3756792 | 9176721 |  | 12933513 |
| Other accounts payable, provisions and other liabilities | 2021188 | 2372650 | 1247 | 4395085 |
|  | 32582585 | 51736750 | 532738 | 84852073 |
| Forwards position, net | (1901018) | 1698593 | 202425 |  |
| Currency swaps position, net | 920430 | (920430) |  |  |
| Cross currency swaps position, net | 1909700 | (1909700) |  |  |
| Options position, net | (102) | 102 |  |  |
| **Monetary position, net** | 625390 | 7066260 | 35111 | 7726761 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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 |

---

As of September 30, 2025, the Group granted indirect loans (contingent operations) in foreign currency for approximately US$978,577,000, equivalent to S/3,395,661,000 (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:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 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 (\*) | 292849 | 631409 | 1054990 | 1979248 |
| Debt instruments measured at fair value through other comprehensive income | 13773049 | 7221409 |  | 20994458 |
| Equity instruments measured at fair value through other comprehensive income | 466008 | 10414 | 34701 | 511123 |
| Derivatives receivable |  | 161021 |  | 161021 |
|  | 14531906 | 8024253 | 1089691 | 23645850 |
| Accrued interest |  |  |  | 217776 |
| **Total financial assets** |  |  |  | 23863626 |
| **Financial liabilities** |  |  |  |  |
| Derivatives payable |  | 195527 |  | 195527 |
| Liabilities at fair value through profit or loss | 51360 |  |  | 51360 |
| **Total financial liabilities** | 51360 | 195527 |  | 246887 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **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 |

---

(\*) As of September 30, 2025 and December 31, 2024, correspond mainly to participation in mutual funds and investment funds and shares.

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 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.

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/155,565,000 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:

---

| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| **Initial balance as of January 1** | 1049781 | 919866 |
| Purchases | 67802 | 81369 |
| Sales | (88785) | (78231) |
| Gain recognized on the interim consolidated statement of income | 60893 | 126777 |
| **Ending balance** | 1089691 | 1049781 |

---

------

&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:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 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 | 12619633 |  |  | 12619633 | 12619633 | 12615226 |  |  | 12615226 | 12615226 |
| Inter-bank funds |  | 115013 |  | 115013 | 115013 |  | 220060 |  | 220060 | 220060 |
| Investments at amortized cost | 3918550 | 141132 |  | 4059682 | 3917117 | 3775935 | 98658 |  | 3874593 | 3898198 |
| Loans, net |  | 49777484 |  | 49777484 | 50447120 |  | 48333964 |  | 48333964 | 49229448 |
| Due from customers on acceptances |  | 28599 |  | 28599 | 28599 |  | 9163 |  | 9163 | 9163 |
| Other accounts receivable and other assets, net |  | 1530168 |  | 1530168 | 1530168 |  | 1588600 |  | 1588600 | 1588600 |
| Reinsurance contract assets |  | 57558 |  | 57558 | 57558 |  | 18602 |  | 18602 | 18602 |
| **Total** | 16538183 | 51649954 |  | 68188137 | 68715208 | 16391161 | 50269047 |  | 66660208 | 67579297 |
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |
| Deposits and obligations |  | 53616842 |  | 53616842 | 53610266 |  | 53770487 |  | 53770487 | 53768028 |
| Inter-bank funds |  | 69008 |  | 69008 | 69008 |  |  |  |  |  |
| Due to banks and correspondents |  | 7953111 |  | 7953111 | 7928070 |  | 7706223 |  | 7706223 | 7562057 |
| Bonds, notes and other obligations | 5135852 | 852600 |  | 5988452 | 5887532 | 5163150 | 838662 |  | 6001812 | 6075433 |
| Due from customers on acceptances |  | 28599 |  | 28599 | 28599 |  | 9163 |  | 9163 | 9163 |
| Insurance and reinsurance contract liabilities |  | 12933513 |  | 12933513 | 12933513 |  | 12524320 |  | 12524320 | 12524320 |
| Other accounts payable and other liabilities |  | 4148198 |  | 4148198 | 4148198 |  | 4024513 |  | 4024513 | 4024513 |
| **Total** | 5135852 | 79601871 |  | 84737723 | 84605186 | 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;&nbsp;&nbsp;&nbsp;&nbsp;&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 September 30, 2025 and December 31, 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;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&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 in 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 of poor yielding of the assets under its management.

As of September 30, 2025 and December 31, 2024, the value of the managed off-balance sheet financial assets is as follows:

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| | | |
|:---|:---|:---|
|  | **30.09.2025** | **31.12.2024** |
|  | S/(000) | S/(000) |
| Investment funds | 19124345 | 19534337 |
| Mutual funds | 9010742 | 7926478 |
| **Total** | 28135087 | 27460815 |

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