35 slides from Intercorp Financial Services's earnings presentation, February 2026
Slide 1: Banking Segment
Banking Segment February 2026
Slide 2: Interbank at a glance
Interbank at a glance
Slide 3: Interbank is a universal bank with a leading position in consumer finance
Interbank is a universal bank with a leading position in consumer finance Financial highlights Leading position in the Peruvian banking system(2) As of December 31, 2025 S/ mn | US$ mn Assets (1) 76,050 | 22,614 Gross loans (1) 50,391 | 14,984 14% 19% 11 % Deposits (1) 53,704 | 15,969 Market share i
Slide 4: The cornerstone of IFS, a robust financial services platform
The cornerstone of IFS, a robust financial services platform IFS’ Key highlights as of 2025 Credit rating BB+ / BBB S&P / Fitch >$5.4bn Market cap Listed in NYSE: IFS Universal bank with Insurance company focused Advisory firm for the strategic focus on on life & annuities emerging wealthy retail To
Slide 5: IFS is part of Intercorp Group
IFS is part of Intercorp Group Financials Retail Education Health Entertainment Corporate services
Slide 6: Value-generating strategy
Value-generating strategy 1 Profitable growth Growing profitability by focusing on key segments and businesses Customer 2 centricity Centering the client by learning to understand and anticipate their needs Delivering simple, frictionless experiences, enabled 3 Digital by a world-class digital banki
Slide 7: Key investment highlights
Key investment highlights Peruvian economy Diversified banking Profitability driven 1 among the strongest in the region 2 businesses supporting continuous growth 3 by solid financial performance Strong culture and corporate 4 Innovative approach to deepen primary banking relationships 5 governance,
Slide 8: Peruvian economy among the strongest in the region
1 Peruvian economy among the strongest in the region
Slide 9: Peru at a glance
Peru at a glance Population PBI 2026E Domestic demand Main export products 2026E 3.0% 3.5% Copper Gold Agro 32% 20% 14% 34 Million Debt to GDP Risk Rating Net international Private loans to GDP 2026E reserves to GDP S&P BBB- 31% Moody’s Fitch Baa1 BBB 28% 37%
Slide 10: Peruvian economy: persistent positive macro indicators
Peruvian economy: persistent positive macro indicators Improved economic activity Commodities supporting terms of trade Decreasing interest rates GDP growth YoY (%) Index (100=Jan25) 159 Reference rate (%) Last update: 2025 BCRP: 4.25% 3.4% 5.00 FED: 3.75% 4.75 4.5% 132 4.50 4.0% 3.8% 4.25 4.25 2.9%
Slide 11: Diversified banking businesses supporting continuous growth
2 Diversified banking businesses supporting continuous growth
Slide 12: Growing loan portfolio and gaining market share
Growing loan portfolio and gaining market share Interbank total loan breakdown +3.4% Leading position in consumer loans – Market share (%)(1) YoY Consumer Consumer 31% 26% 30% Dec24 Dec25 19% 20% 48% Commercial 47% Commercial S/ 48.8 S/ 50.4 13% bn bn 22% 23% Mortgages BCP Interbank BBVA Scotiabank
Slide 13: Strong PDL ratios
Strong PDL ratios PDL ratio evolution (%) PDL ratio vs. peers (%) Interbank System Commercial loans Retail loans Total loans 4.3% 3.7% BBVA BBVA 3.9% 2.3% BBVA 3.2% 3.3% 3.0% BCP BCP 3.3% 2.8% BCP 3.1% 3.5% Scotiabank Scotiabank 4.9% 2.7% Scotiabank 3.9% 2.6% 2.7% 2.5% Interbank 1.7% 3.1% Interbank
Slide 14: Diversified & growing funding base
Diversified & growing funding base (1) Funding base breakdown (%) Low-cost funding 4Q19 28% Bonds Other 39.5% Demand Due to banks 7% 3% 36.2% 32.5% 10% 24% 41% Savings 83% 33% Deposits Time 2023 2024 2025 Balanced loan to deposit ratio (%) Commercial deposits outpacing the industry System average 94
Slide 15: Profitability driven by solid financial performance
3 Profitability driven by solid financial performance
Slide 16: Stable NIM, strong risk-adjusted Performance
Stable NIM, strong risk-adjusted Performance Interest-earning assets (s/bn) Evolution of yield on assets and cost of funds (%) 70,1 71,7 65,8 17% 18% 14% NIM Yield on loans Cost of funds Risk-adjusted NIM 50,2 18% 16% 16% 20% 11% 67% 66% 68% 69% 2019 2023 2024 2025 Cash and due from banks Investment
Slide 17: Double digit growth in fee income
Double digit growth in fee income Fee income from financial services (S/ mn) Fee income as a % of operating revenues 700 710 17.1% 654 619 13.7% 13.6% 12.7% 2019 2023 2024 2025 2019 2023 2024 2025
Slide 18: Efficiency remains a top priority
Efficiency remains a top priority Total expenses (S/ mm) Banking expenses bridge (S/ mm) C/I YoY +16% +23% -1% +12% 38.3% 39.2% 40.2% 42.0% ratio +91 +108 +32 2,193 1,962 1,964 2,195 1,868 1,570 2024 Technology Personnel Others 2025 Financial stores 289 255 146 2019 2023 2024 2025 Dec16 Dec-16 Dec19
Slide 19: Rebounding profitability, with ROE at 16%
Rebounding profitability, with ROE at 16% Net profit (S/ mn) Return on equity (%) ROA 2.4% 1.8% 1.3% 1.3% 2.0% 1,459 22.0% 1,222 1,172 17.6% 901 934 16.2% 12.4% 11.9% 2019 2022 2023 2024 2025 2019 2022 2023 2024 2025 19
Slide 20: Comfortable buffers ahead of Basel III requirements
Comfortable buffers ahead of Basel III requirements CET1 and regulatory requirements Total capital and regulatory requirements 12,5% 16,0% ~240bps capital surplus ~410bps capital 14,2% surplus 13,6% 1,2% 9,0% 1,2% 0,5% 8,4% 0,5% 0,5% 0,5% 1,9% 2,5% 2,5% 1,9% 1,5% 1,5% 10,0% 10,0% 4,5% 4,5% CET1 Dic2
Slide 21: Innovative approach to deepen primary banking relationships
4 Innovative approach to deepen primary banking relationships
Slide 22: Through a world-class digital experience
Through a world-class digital experience Digital customers Digital self-service NPS Retail (% of digital customers ) (% of digital self-service) (Points – Retail Banking ) 55 54 51 81 84 78 82 Dec24 Dec25 Dec24 Jun25 Dec25 Dec24 Dec25 Digital sales (% of products sold digitally) 73 74 68 68 Hola Dec
Slide 23: Developing primary banking relationships
Developing primary banking relationships +11 % YoY retail primary Primary banking relationships KPIs (Data as of Dec25) banking customers ~14% ~15% MS inflows MS retail payroll deposits IBK Plin Transactions (mn) (1) +48%YoY PLIN transactions 139 206 >26% 51 4Q24 4Q25 MS credit NPS retail cards (1)
Slide 24: Our payments ecosystem continues to grow
Individuals Our payments ecosystem continues to grow 83% +48% Digital retail YoY Plin customers transactions Small businesses Businesses +60% YoY flows from +35%YoY float from Izipay Izipay +26% YoY Small businesses ~40% IBK share of Izipay deposits flows
Slide 25: Strong culture and corporate governance, with ESG focus
5 Strong culture and corporate governance, with ESG focus
Slide 26: Strong corporate governance
Strong corporate governance BOD with independent members Board of directors 6 Strong corporate governance Relevant committees: - Audit - Executive - Integral Risk Committee Independent - Corporate governance - Credit directive members Highly supervised related party exposure, well below regulatory l
Slide 27: Interbank culture: our way of working underpins our success
Interbank culture: our way of working underpins our success Our Strategic Values Our culture Our awards in 2025/2026 #1 Best places to work We have a value-driven From GPTW culture Integrity Courage #2 in Diversity & inclusion From GPTW #3 Best place for women One where everyone feels From GPTW they
Slide 28: Focus on building a sustainable business
Focus on building a sustainable business Environmental IFS CSA results 2025 • Sustainable loans for up to U$540mm 78 +10 +8 69 • First financed-emissions baseline (18% commercial portfolio) 78 62+9 61 • Climate-tech training to boost green-financing capabilities 53 -1 68 62 61 53 Social 2021 2022 20
Slide 29: Definitions
Definitions Concept Definition Total revenues Gross financial margin + fee income from financial services, net + gain on financial transactions Efficiency ratio (Administrative expenses + Depreciation + amortization) / (total revenues) NIM (Annualized gross financial margin) / (Average interest-earn
Slide 30: Appendix
Appendix 30
Slide 31: Solid capitalization levels
Solid capitalization levels CET1 ratio Total capital ratio (TCR) Banking Banking 13.2% 13.7% 14.3% System 16.5% 17.4% 18.1% System CET1 TCR 15.9% 16.0% 12.3% 12.5% 15.5% 11.8% 13.6% regulatory minimum 8.4% regulatory minimum 2023 2024 2025 2023 2024 2025 Source: SBS and company information as of Dec
Slide 32: Retail customers reached 5.5 million
Retail customers reached 5.5 million +3% YoY +9% YoY 5.4 5.5 151 146 5.3 134 4Q24 3Q25 4Q25 4Q24 3Q25 4Q25 Banking – retail customers (mn) (1) Banking – commercial customers (th) (1) New methodology
Slide 33: Manageable dollarization levels at Interbank
Manageable dollarization levels at Interbank Total loans Retail loans Commercial loans % PEN 73% 74% 93% 98% 59% 60% System 2% 2% 26% 26% 50% 50% 98% 98% 74% 74% 50% 50% 4Q24 4Q25 4Q24 4Q25 4Q24 4Q25 Retail loans breakdown Commercial loans breakdown Consumer Mortgages Corporate Medium Small & Micro
Slide 34: Overview of Peruvian banking system
Overview of Peruvian banking system Banking system gross loans (S/ bn) Banking system net profit (S/ mn) ROE 17.3% 14.4% 14.6% 19.0% 351 351 370 14,147 286 10,325 220 9,082 9,226 214 213 181 105 137 138 151 2019 2023 2024 2025 2019 2023 2024 2025 Commercial Retail Banking system TCR (%) Asset qualit
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