P T Bank Pan Indonesia Tbk : Financial Report PT Bank Panin Tbk and Subsidiaries as of March 31, 2023 and 2022 (Unaudited)

About this update from Pt Bank Pan Indonesia Tbk

CONSOLIDATED FINANCIAL STATEMENTS PT Bank Panin, Tbk. & Subsidiaries STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2023 AND DECEMBER 31, 2022 (In Millions Rupiah) NO. DESCRIPTION INDIVIDUAL CONSOLIDATED MAR 31, 2023 DEC 31, 2022 MAR 31, 2023 DEC 31, 2022 ASSETS 1. Cash 1,617,022 1,690,275 1,633,453 1,704,409 2. Placement to Bank Indonesia 9,257,704 8,251,847 11,313,587 9,442,469 3. Interbank placement 7,062,676 6,591,391 7,082,189 6,206,592 4. Spot and derivatives / forward claims 60,771 29,385 60,771 29,385 5. Securities held 29,674,928 28,359,038 32,141,315 30,861,208 6. Securites sold under repurchase agreement (repo) - 2,537,263 - 2,537,263 7. Claims on securites bought under reverse repo 1,514,177 10,642,145 1,514,177 10,642,145 8. Acceptance claims 2,635,550 2,132,501 2,635,550 2,132,501 9. Loans 120,773,210 120,287,068 138,666,373 136,987,594 10. Sharia financing - - - - 11. Equity investment 3,659,563 3,652,581 810,923 791,409 12. Other financial assets 1,125,866 1,084,457 1,596,758 1,472,661 13. Impairment on financial assets -/- a. Securities held (35) (53) (35) (53) b. Loans and sharia financing (6,898,959) (6,364,830) (7,390,836) (6,801,865) c. Others (13,060) (14,175) (21,518) (23,902) 14. Intangible Assets 473,250 462,606 542,528 525,500 Accumulated amortisation on intangible assets -/- (281,444) (272,702) (322,357) (312,181) 15. Fixed assets and equipment 10,028,047 9,980,063 10,500,160 10,459,430 Accumulated depreciation on fixed assets and equipments -/- (303,219) (224,950) (365,018) (282,494) 16. Non productive assets a. Abandoned properties 743,646 746,327 743,646 746,327 b. Foreclosed assets 1,605,254 1,642,935 2,450,034 2,426,296 c. Suspense accounts - - - - d. Interbranch assets * - - - - 17. Other assets 2,532,102 2,436,280 3,020,098 2,887,187 TOTAL ASSETS 185,267,049 193,649,452 206,611,798 212,431,881 LIABILITIES AND EQUITIES LIABILITIES 1. Current account 11,723,267 12,298,265 12,004,845 12,548,845 2. Saving account 51,177,173 49,458,405 52,764,343 50,960,859 3. Deposit 67,467,692 69,452,371 77,199,794 78,334,735 4. Electronic money 282 170 282 170 5. Liabilities to Bank Indonesia - - 1,380,978 435,531 6. Interbank liabilities 45,833 2,542,091 893,862 3,258,814 7. Spot and derivatives / forward liabilities 60,885 29,561 60,885 29,561 8. Liabilities on securites sold under repurchase agreement (Repo) - 2,408,299 - 2,408,299 9. Acceptance Liabilities 2,639,480 2,137,042 2,639,480 2,137,042 10. Issued securities 3,896,324 7,794,490 3,896,324 7,794,490 11. Loans received - - 2,066,009 1,708,664 12. Margin deposit 183,240 220,949 183,379 221,084 13. Interbranch liabilities * - - - - 14. Other liabilities 1,574,147 1,343,803 2,119,984 1,877,693 15. Minority interest - - 3,376,615 3,315,198 EQUITIES 16. Paid in capital a. Capital 9,600,000 9,600,000 9,600,000 9,600,000 b. Unpaid capital -/- (7,191,235) (7,191,235) (7,191,235) (7,191,235) c. Treasury stock -/- (610) (610) (610) (610) 17. Additional paid in capital a. Agio 3,440,707 3,440,707 3,440,707 3,440,707 b. Disagio -/- - - - - c. Fund for paid-up capital - - - - d. Other - - (269,072) (269,072) 18. Other comprehensive gain (loss) a. Gain 8,239,730 8,283,843 8,316,595 8,361,272 b. Loss -/- (570,169) (663,938) (664,288) (739,893) 19. Reserves a. General reserves 29,703,302 29,699,884 30,102,898 30,075,890 b. Appropriated reserves 140,000 140,000 140,000 140,000 20. Gain/loss a. Previous years 2,655,355 481,631 3,960,501 1,423,792 b. Current year 481,646 2,655,355 589,522 3,041,676 c. Dividends paid - (481,631) - (481,631) TOTAL EQUITIES ATTRIBUTABLE TO OWNERS 46,498,726 45,964,006 48,025,018 47,400,896 TOTAL LIABILITIES AND EQUITIES 185,267,049 193,649,452 206,611,798 212,431,881 * stated at net carrying value STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (In Millions Rupiah) NO. DESCRIPTION INDIVIDUAL CONSOLIDATED MAR 31, 2023 MAR 31, 2022 MAR 31, 2023 MAR 31, 2022 OPERATIONAL INCOME AND EXPENSES Interest income and expenses 1. Interest income 3,062,250 2,950,976 3,652,673 3,422,008 2. Interest expenses 1,092,239 795,125 1,284,884 907,175 Net interest income (expenses) 1,970,011 2,155,851 2,367,789 2,514,833 STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATION AS OF MARCH 31, 2023 AND 2022 (In Millions Rupiah) NO. DESCRIPTION INDIVIDUAL MAR 31, 2023 MAR 31, 2022 C SM S D L TOTAL C SM S D L TOTAL PIHAK TERKAIT 1. Interbank placement a. Rupiah - - - - - - 3,020,000 - - - - 3,020,000 b. Foreign currency 353,036 - - - - 353,036 157,457 - - - - 157,457 2. Spot and derivatives / forward claims a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 3. Securities held a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo a. Rupiah - - - - - - - - - - - - b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims - - - - - - - - - - - - 7. Loans and financing provided a. Micro, small and medium enterprises (UMKM) i. Rupiah 187,575 - - - 21,133 208,708 - - - - 21,133 21,133 ii. Foreign currency - - - - - - - - - - - - b. Non micro, small and medium enterprises (UMKM) i. Rupiah 1,696,135 - - - 239,386 1,935,521 1,414,924 - - - 239,386 1,654,310 ii. Foreign currency - - - - - - - - - - - - c. Restructured loans i. Rupiah 185,623 - - - 21,133 206,756 202,990 - - - 21,133 224,123 ii. Foreign currency - - - - - - - - - - - - 8. Equity investment 3,511,955 - - - - 3,511,955 3,511,958 - - - - 3,511,958 9. Other receivables - - - - - - - - - - - - 10. Commitments and contingencies a. Rupiah 1,111,904 - - - - 1,111,904 1,862,491 - - - - 1,862,491 b. Foreign currency - - - - - - - - - - - - II. NON-RELATED PARTIES 1. Interbank placement a. Rupiah 2,428,676 - - - - 2,428,676 8,016 - - - - 8,016 b. Foreign currency 4,280,964 - - - - 4,280,964 5,191,178 - - - - 5,191,178 2. Spot and derivatives / forward claims a. Rupiah 60,400 - - - - 60,400 6,546 - - - - 6,546 b. Foreign currency 371 - - - - 371 332 - - - - 332 3. Securities held a. Rupiah 28,079,244 - - - 81,841 28,161,085 26,078,575 - - - 191,138 26,269,713 b. Foreign currency 1,513,843 - - - - 1,513,843 2,162,106 - - - - 2,162,106 4. Securities sold under repurchase agreement (repo) a. Rupiah - - - - - - 4,509,767 - - - - 4,509,767 b. Foreign currency - - - - - - - - - - - - 5. Claims on securities bought under reverse repo a. Rupiah 1,514,177 - - - - 1,514,177 14,510,811 - - - - 14,510,811 b. Foreign currency - - - - - - - - - - - - 6. Acceptance claims 2,635,550 - - - - 2,635,550 2,135,650 - - - - 2,135,650 7. Loans and financing provided a. Micro, small and medium enterprises (UMKM) i. Rupiah 19,705,489 1,150,899 147,698 125,515 463,340 21,592,941 21,023,011 900,969 39,839 98,248 498,211 22,560,278 ii. Foreign currency 51,725 12,527 - - - 64,252 69,511 - - - - 69,511 b. Non micro, small and medium enterprises (UMKM) i. Rupiah 81,132,770 6,950,034 197,828 188,360 3,038,854 91,507,846 71,789,020 4,136,806 182,809 654,577 1,897,882 78,661,094 ii. Foreign currency 5,044,764 419,178 - - - 5,463,942 6,377,451 373,777 - - - 6,751,228 c. Restructured loans i. Rupiah 12,667,693 5,486,424 304,658 466,034 2,437,572 21,362,381 22,947,242 2,608,894 187,958 717,716 1,915,858 28,377,668 ii. Foreign currency 1,846,407 431,705 - - - 2,278,112 1,154,729 373,777 - - - 1,528,506 8. Equity investment 147,608 - - - - 147,608 151,487 - - - - 151,487 9. Other receivables - - - - - - - - - - - - 10. Commitments and contingencies a. Rupiah 32,723,671 45,316 1,000 - - 32,769,987 33,265,436 100,026 - - - 33,365,462 b. Foreign currency 5,471,906 - - - - 5,471,906 2,730,542 - - - - 2,730,542 OTHER INFORMATIONS 1. Assets pledged as collateral : a. To Bank Indonesia - - b. To other parties - - 2. Foreclosed assets 1,605,254 1,594,248 IMPAIRMENT LOSS ALLOWANCE AS OF MARCH 31, 2023 AND 2022 (In Millions Rupiah) MAR 31, 2023 MAR 31, 2022 No. Description Allowance for Impairment Required Allowance for Possible Allowance for Impairment Required Allowance for Possible Losses on Earning Assets Losses on Earning Assets Stage 1 Stage 2 Stage 3 General Specific Stage 1 Stage 2 Stage 3 General Specific 1. Interbank placement 1,294 - - 70,627 - 1,017 - - 83,767 - 2. Spot and derivatives / forward claims - - - 608 - - - - 69 - 3. Securities held 73,707 - - 10,127 81,841 272 175,412 - 14,651 191,138 4. Securities sold under repurchase agreement (repo) - - - - - - - - - - 5. Claims on securities bought under reverse repo - - - - - - - - - - 6. Acceptances claims 7,058 - - 21,893 - 3,234 - - 16,795 - 7. Loans and financing provided 1,603,165 246,993 5,048,801 1,046,327 1,684,337 1,646,943 847,582 2,840,808 706,005 1,659,851 8. Equity investment - - - 36,596 - - - - 36,634 - 9. Other receivables - - - - - - - - - - 10. Commitment and contingencies 66,817 766 440 15,719 2,416 54,301 824 61 15,652 5,001 STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (In Millions Rupiah) DESCRIPTION CONSOLIDATED MAR 31, 2023 MAR 31, 2022 CASH FLOWS FROM OPERATING ACTIVITIES Interest, loan commissions and fees received 3,561,714 3,299,603 Interest, prizes, fund commissions and fees paid (1,342,175) (1,068,200) Other operating revenues received 620,937 446,344 Other operating expenses paid (1,163,224) (1,459,259) Gain on foreign exchange transactions - net 18,303 25,285 Non-operating income received - net 19,996 20,940 Tax expense paid (99,046) (48,780) Operating cash flows before changes in operating assets and liabilities 1,616,505 1,215,933 Decrease (Increase) in operating assets Placement with Bank Indonesia and other banks (149,945) - Securities (being measured at fair value through profit or loss) (228,500) (2,306,817) Loans (1,191,231) 138,313 Securities purchased with agreements to resell 9,127,968 1,449,288 Finance lease receivables (103,556) (15,100) Consumer financing receivables (525,446) (163,932) Sales and lease-back receivables (1,129) - Other assets (62,454) (1,105,319) Increase (Decrease) in operating liabilities Liabilities payable immediately 120,965 198,286 Deposits 124,543 4,074,042 Deposits from other banks (2,364,953) (1,294,079) Acceptances payable (611) 3,251 Securities sold with agreements to repurchase (2,408,299) (2,739,392) Other liabilities (42,405) 174,850 Net cash Provided by (Used in) Operating Activities 3,911,452 (370,676) CASH FLOWS FROM INVESTING ACTIVITIES Securities (other than being measured at fair value through profit or loss) 1,667,991 808,553 Proceeds from sale of premises and equipment 810 16,570 Acquisition of premises and equipment (19,814) (103,546) Acquisition of intangible assets (50,061) (36,839) Net cash Provided by Investing Activities 1,598,926 684,738 CASH FLOWS FROM FINANCING ACTIVITIES Redemption of issued bonds (3,900,000) - Payment of lease obligations (27,847) (21,056) Borrowings repaid by subsidiary (763,557) - Borrowings received by subsidiaries 2,065,978 605,787 Net cash Provided by (Used in) Financing Activities (2,625,426) 584,731 NET INCREASE IN CASH AND CASH EQUIVALENTS 2,884,952 898,793 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 17,353,469 13,766,259 Effect of foreign exchange rate changes (359,137) 50,012 CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,879,284 14,715,064 Cash and cash equivalents consist of: Cash on hand 1,633,453 1,446,000 Demand deposits with Bank Indonesia 6,897,460 4,490,043 Demand deposits with other banks 1,247,938 1,525,115 Placements with Bank Indonesia and other banks 10,100,433 7,253,906 Total cash and cash equivalents 19,879,284 14,715,064 STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK AS OF MARCH 31, 2023 AND 2022 (In Millions Rupiah) COMPONENTS OF CAPITAL MAR 31, 2023 MAR 31, 2022 INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED I. Core Capital (Tier 1) 40,717,362 45,942,893 39,070,077 43,965,862 1 Core Capital/Common Equity Tier 1 (CET 1) 40,717,362 45,942,893 39,070,077 43,965,862 1.1 Paid-in Capital (net of Treasury Stock) 2,408,155 2,408,155 2,408,155 2,408,155 1.2 Capital Additional Reserves 42,807,179 44,455,112 41,004,792 42,285,505 1.2.1 Additional Tier 1 44,234,845 46,127,803 41,956,313 43,399,867 1.2.1.1 Other comprehensive income 7,953,835 8,034,175 8,193,806 8,270,699 1.2.1.1.1 Surplus of the financial statement translation - - - - 1.2.1.1.2 Potential benefits of the changes in financial assets measured at fair value through other comprehensive income - - - - 1.2.1.1.3 Surplus of fixed assets revaluation 7,953,835 8,034,175 8,193,806 8,270,699 1.2.1.2 Other capital additional reserves (other disclosed reserves) 36,281,010 38,093,628 33,762,507 35,129,168 1.2.1.2.1 Agio 3,440,707 3,440,707 3,440,707 3,440,707 1.2.1.2.2 General reserves 29,703,302 30,102,898 27,148,016 27,522,251 1.2.1.2.3 Previous year profit 2,655,355 3,960,501 2,568,245 3,512,053 1.2.1.2.4 Current year profit 481,646 589,522 605,539 654,157 1.2.1.2.5 Funds for paid-in capital - - - - 1.2.1.2.6 Others - - - - 1.2.2 Deduction Tier 1 (1,427,666) (1,672,691) (951,521) (1,114,362) 1.2.2.1 Other comprehensive income (739,690) (841,198) (260,899) (295,802) 1.2.2.1.1 Defisit of the financial statement translation - - - - 1.2.2.1.2 Potential losses from the changes in financial assets measured at fair value through other comprehensive income (739,690) (841,198) (260,899) (295,802) 1.2.2.2 Other capital additional reserves (other disclosed reserves) (687,976) (831,493) (690,622) (818,560) 1.2.2.2.1 Disagio - - - - 1.2.2.2.2 Previous year loss - - - - 1.2.2.2.3 Current year loss - - - - 1.2.2.2.4 Less difference between Provision for Asset Quality Assessment and the allowance for impairment losses on productive assets - - - - 1.2.2.2.5 Less difference of fair value adjustment of Operational Income and Expenses Other than Interest 1. Positive (negative) mark to market on financial assets 32,204 (80,597) 32,204 (80,597) 2. Positive (negative) mark to market on financial liabilities - - - - 3. Gain (loss) on sale of financial assets 50,023 122,918 50,915 126,416 4. Gain (loss) on spot and derivatives / forward (realised) 6,908 10,979 6,908 10,979 5. Gain (loss) on investment under equity method - - 12,815 23,621 6. Gain (loss) on foreign exchange translation 128 505 128 740 7. Dividend income - - - - 8. Commision/provision/fee and administration income 98,401 83,919 172,494 135,606 9. Other income 139,487 385,167 219,221 457,813 10. Provision (Recovery) of financial assets' impairment 599,375 832,302 696,812 1,062,244 11. Losses on operational risk 1,030 1,088 1,030 1,088 12. Personnel expenses 486,146 443,329 614,584 540,158 13. Promotion expenses 6,483 5,612 12,183 11,447 14. Other expenses 597,760 635,116 705,165 763,541 Net Operational Income (Expenses) Other than Interest (1,363,643) (1,394,556) (1,535,089) (1,703,900) OPERATIONAL PROFIT (LOSS) 606,368 761,295 832,700 810,933 NON OPERATIONAL INCOME (EXPENSES) 1. Gain (loss) on sale of fixed assets and equipment 106 11,063 221 11,114 2. Other non operational income (expenses) (3,124) 4,086 (4,773) 24,860 NON OPERATIONAL PROFIT (LOSS) (3,018) 15,149 (4,552) 35,974 CURRENT PERIOD PROFIT (LOSS) BEFORE TAX 603,350 776,444 828,148 846,907 Income taxes a. Estimated current period tax -/- 114,273 197,402 163,657 207,482 b. Deferred tax income (expenses) (7,431) 26,497 (4,701) 26,785 NET PROFIT (LOSS) 481,646 605,539 659,790 666,210 MINORITY INTEREST PROFIT (LOSS) 70,268 12,053 OTHER COMPREHENSIVE INCOME 1. Items that will not be reclassified to profit or loss a. Gain on fixed asset revaluation 152 3,683 152 3,683 b. Gain (loss) on defined benefit actuarial program - - - - c. Others - - (284) 73 2. Items that will be reclassified to profit or loss a. Translation adjustment from foreign currency - - - - b. Changes in financial assets of debt instrument measured at fair value through other comprehensive income 52,922 (433,665) 25,932 (436,336) c. Others - - - - OTHER COMPREHENSIVE INCOME OF THE CURRENT PERIOD - NET OF APPLICABLE INCOME TAX 53,074 (429,982) 25,800 (432,580) CURRENT PERIOD TOTAL COMPREHENSIVE INCOME 534,720 175,557 685,590 233,630 Profit attributable to: EQUITY HOLDERS OF THE PARENT ENTITY 481,646 605,539 589,522 654,157 NON CONTROLLING INTEREST 70,268 12,053 CURRENT PERIOD TOTAL PROFIT 481,646 605,539 659,790 666,210 Total Comprehensive Profit (Loss) Attributable to: EQUITY HOLDERS OF THE PARENT ENTITY 534,720 175,557 624,148 222,900 NON CONTROLLING INTEREST - - 61,442 10,730 TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE CURRENT PERIOD 534,720 175,557 685,590 233,630 TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE - - - - DIVIDEND - - - - NET EARNINGS (LOSS) PER SHARE 20.00 25.14 24.47 27.16 STATEMENTS OF COMMITMENTS AND CONTINGENCIES AS OF MARCH 31, 2023 AND DECEMBER 31, 2022 (In Millions Rupiah) NO. DESCRIPTION INDIVIDUAL CONSOLIDATED MAR 31, 2023 DEC 31, 2022 31 MAR 2023 31 DES 2022 COMMITTED CLAIMS 1. Unused borrowing / financing - - - - 2. Foreign currency positions to be received from spot and derivative / forward transactions 4,033,766 4,581,314 4,033,766 4,581,314 3. Others - - - - COMMITTED LIABILITIES 1. Undisbursed loan / financing facilities to debtors a. Committed 31,696,339 28,682,195 31,709,239 28,832,885 b. Uncommitted 5,488,243 7,818,483 6,759,240 9,165,041 2. Outstanding irrevocable L/C 1,173,833 1,672,645 1,173,833 1,672,645 3. Foreign currency positions to be submitted for spot and derivative / forward transactions 3,985,522 4,452,752 3,985,522 4,452,752 4. Others - - - - CONTINGENT CLAIMS 1. Received guarantees - - - - 2. Others 1,681,997 1,430,664 1,681,997 1,430,664 IV. CONTINGENT LIABILITIES 1. Issued guarantees 995,382 976,644 1,769,017 1,715,621 2. Others 553,315 524,503 553,315 524,503 BANK'S MANAGEMENT BOARD OF COMMISSIONERS - President Commissioner/Independent Commissioner : Nelson Tampubolon - Deputy President Commissioner/Independent Commissioner : Lintang Nugroho - Commissioner : Chandra Rahardja Gunawan - Commissioner : Johnny - Commissioner : Gregory James Terry - Independent Commissioner : Drs. H. Riyanto DIRECTORS - President Director : Herwidayatmo - Deputy President Director : Hendrawan Danusaputra - Director : Edy Heryanto - Director : Januar Hardi - Director : Haryono Wongsonegoro - Director : Gunawan Santoso - Director : Ng Kean Yik - Director : Lionto Gunawan - Director : Suwito Tjokrorahardjo - Compliance Director : Antonius Ketut Dwirianto SHAREHOLDERS I. Ultimate Shareholder : 3) Through : - PT Panin Financial Tbk. : 46.04% - Votraint No. 1103 Pty Limited : 38.82% II. Non Ultimate Shareholder through non Capital Market ( ≥ 5%) : Nil III. Public (< 5% each) : 15.14% FINANCIAL RATIOS CALCULATION AS OF MARCH 31, 2023 AND 2022 (in %) MAR 31, 2023 MAR 31, 2022 Performance Ratio Consolidated 1. Capital Adequacy Ratio (CAR) 32.91 28.76 2. Non performing earning assets and non earning assets to total earning assets and non earning assets 2.74 2.29 3. Non performing earning assets to total earning assets 2.70 2.19 4. Impairment provision on financial assets to total earning assets 4.02 3.17 5. Gross NPL 3.60 3.15 6. Net NPL 0.80 0.63 7. Return on Asset (ROA) 1.45 1.66 8. Return on Equity (ROE) 5.15 5.95 9. Net Interest Margin (NIM) 5.11 5.51 10. Operating Expense to Operating Revenue 79.92 80.20 11. Cost to Income Ratio (CIR) 46.57 42.24 Individual 1. Capital Adequacy Ratio (CAR) 33.35 28.52 2. Non performing earning assets and non earning assets to total earning assets and non earning assets 2.58 2.21 3. Non performing earning assets to total earning assets 2.68 2.19 4. Impairment provision on financial assets to total earning assets 4.20 3.19 5. Gross NPL 3.66 3.31 6. Net NPL 0.65 0.55 7. Return on Asset (ROA) 1.28 1.68 8. Return on Equity (ROE) 4.75 6.21 9. Net Interest Margin (NIM) 4.79 5.18 10. Operating Expense to Operating Revenue 82.11 78.09 11. Loan to Deposit Ratio (LDR) 92.64 84.45 12. Cost to Income Ratio (CIR) 47.51 41.91 Compliance 1. a. Percentage violation of Legal Lending Limit i. Related parties - - ii. Non related parties - - b. Percentage of excess of violation of the Legal Lending Limit i. Related parties - - ii. Non related parties - - 2. Reserve Requirement a. Primary reserve requirement - Rupiah - Daily *) 4.93 2.87 - Average **) 8.01 4.72 b. Reserve requirement - Foreign currency (daily) *) 3.92 4.01 3. Net Open Position 0.24 0.74 *) Realization of Daily Primary Reserves as of March 31, 2023 and 2022 **) Realization of Average Primary Reserves as of March 31, 2023 and 2022 financial instruments in the Trading Book - - - - 1.2.2.2.6 Provision for Asset Quality Assessment non productive (687,976) (831,493) (690,622) (818,560) 1.2.2.2.7 Others - - - - 1.3 Non Controlling Interest - 842,648 - 782,698 1.4 Deduction Core Capital (4,497,972) (1,763,022) (4,342,870) (1,510,496) 1.4.1 Deffered tax calculated (664,047) (749,924) (581,569) (627,879) 1.4.2 Goodwill - - - - 1.4.3 Other intangible assets (191,806) (220,171) (115,299) (132,231) 1.4.4 Investments in shares (3,642,119) (792,927) (3,646,002) (750,386) 1.4.5 Shortage of capital on insurance subsidiaries - - - - 1.4.6 Securitisation exposure - - - - 1.4.7 Other deduction core capital - - - - 1.4.7.1 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - - - - 1.4.7.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - 1.4.7.3 Exposure of Credit Risk because of settlement risk - Non Delivery Versus Payment - - - - 1.4.7.4 Subsidiaries' exposure because shariah transaction (if any) - - - - 2 Additional Core Capital/Additional Tier 1 (AT 1) - - - - 2.1 Instrument which comply with AT 1 - - - - 2.2 Agio/Disagio - - - - 2.3 Other deduction core capital - - - - 2.3.1 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - - - - 2.3.2 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - - II. Supplemental Capital (Tier 2) 2,294,496 2,425,787 2,685,681 2,818,956 1 Capital Instrument in the form of Stock or others which comply with Tier 2 1,092,600 1,092,600 1,853,000 1,853,000 2 Agio/Disagio - - - - 3 General provision on earning assets (max. 1,25% Credit Risk Weighted Assets) 1,201,896 1,333,187 873,573 1,006,848 4 Deduction supplemental capital (Tier 2) - - (40,892) (40,892) 4.1 Sinking Fund - - - - 4.2 Placement of funds in instrument AT 1 and/or Tier 2 to other bank - - (40,892) (40,892) 4.3 Cross-ownership in another entity acquired by the transition because of the law, grants, or grants will - - - Total Core Capital and Supplemental Capital 43,011,858 48,368,680 41,755,758 46,784,818 MAR 31, 2023 MAR 31, 2022 MAR 31, 2023 MAR 31, 2022 INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED INDIVIDUAL CONSOLIDATED RISK WEIGHTED ASSETS Capital Adequacy Ratio CREDIT RISK - WEIGHTED CET 1 Ratio (%) 31.58% 31.26% 26.68% 27.03% ASSETS 117,273,644 134,384,697 125,909,955 139,192,485 MARKET RISK - WEIGHTED Tier 1 Ratio (%) 31.58% 31.26% 26.68% 27.03% ASSETS 2,088,650 2,081,689 2,808,638 2,783,467 OPERATIONAL RISK - Tier 2 Ratio (%) 1.78% 1.65% 1.83% 1.73% WEIGHTED ASSETS 9,589,659 10,489,207 17,696,938 20,683,363 TOTAL RISK Capital WEIGHTED Adequacy ASSETS 128,951,953 146,955,593 146,415,531 162,659,315 Ratio (%) 33.35% 32.91% 28.52% 28.76% CAR BASED ON CET 1 for RISK PROFILE 9.82% 9.78% 9.56% 9.55% BUFFER (%) 23.53% 23.13% 18.96% 19.21% CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%) Capital From CET 1 (%) 8.04% 8.13% 7.73% 7.82% Conservation Buffer (%) 2.500% 2.500% 2.500% 2.500% From AT 1 (%) 0.00% 0.00% 0.00% 0.00% Countercyclical Buffer (%) 0.000% 0.000% 0.000% 0.000% Capital From Tier 2 (%) 1.78% 1.65% 1.83% 1.73% surcharge for CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE THREE MONTHS ENDED MARCH 31, 2023 AND 2022 (In Millions Rupiah) Other Comprehensive Income Retained Earnings Difference in Changes in fair value on marketable Additional Paid-in value of equity Shares in other Equity attributable Non-Controlling Revaluation of Remeasurement securities measured Capital Stock Treasury Stock transaction with comprehensive to owners of the Total Capital premises and of defined benefit at fair value Appropriated Unappropriated Interest non-controlling income of parent entity equipment obligation through other interest associate comprehensive income Balance as of January 1, 2022 2,408,765 (610) 3,440,707 (269,072) 7,957,289 396,638 373,179 2,423 140,000 30,996,274 45,445,593 3,102,154 48,547,747 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - - (38,030) - - - - 38,030 - - - Net income for the current period - - - - - - - - - 654,157 654,157 12,053 666,210 Other comprehensive income-after tax - - - - 3,683 - (435,013) 73 - - (431,257) (1,323) (432,580) Balance as of March 31, 2022 2,408,765 (610) 3,440,707 (269,072) 7,922,942 396,638 (61,834) 2,496 140,000 31,688,461 45,668,493 3,112,884 48,781,377 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - - (465,378) - - - - 465,378 - - - Distribution of cash dividends - - - - - - - - - (481,631) (481,631) - (481,631) Net income for the current period - - - - - - - - - 2,387,519 2,387,519 219,281 2,606,800 Other comprehensive income-after tax - - - - 226,237 161,572 (562,549) 1,255 - - (173,485) (16,967) (190,452) Balance as of December 31, 2022 2,408,765 (610) 3,440,707 (269,072) 7,683,801 558,210 (624,383) 3,751 140,000 34,059,727 47,400,896 3,315,198 50,716,094 Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment - - - - (3,698) - - - - 3,672 (26) (25) (51) Net income for the current period - - - - - - - - - 589,522 589,522 70,268 659,790 Other comprehensive income-after tax - - - - 152 - 34,758 (284) - - 34,626 (8,826) 25,800 Balance as of March 31, 2023 2,408,765 (610) 3,440,707 (269,072) 7,680,255 558,210 (589,625) 3,467 140,000 34,652,921 48,025,018 3,376,615 51,401,633 Special Awards Innovative Mortgage Loan - Bisnis Peserta Sistem BI-RTGS dan BI-SSSS Terbaik Bank Buku 3 Peringkat I Tabungan Bank Umum Konvensional (KBMI 3) Peringkat I Internet Banking Bank Umum Konvensional Peringkat II Kartu Debit Bank Umum Konvensional (KBMI 3), Peringkat III Kartu Kredit Bank Umum Konvensional (KBMI Bank Pendukung UMKM Terbaik Kelompok Bank Buku 3 Indonesia Financial Awards 2022 dan 4 - Bank Indonesia Infobank Digital Brand Awards 2022 - Majalah Infobank (KBMI 3) Infobank Digital Brand Awards 2022 - Majalah Infobank Digital Brand Awards 2022 - Majalah Infobank 3), Infobank Digital Brand Awards 2022 - Majalah Infobank dan 4, Bank Indonesia Infobank D-SIB (%) 1.000% 1.000% 1.000% 1.000% STATEMENTS OF FOREIGN EXCHANGE AND DERIVATIVE / FORWARD TRANSACTION AS OF MARCH 31, 2023 (In Millions Rupiah) Individual No. Transaction Notional Type Derivatives Receivables and Payables Amount Trading Hedging Receivables Payables Exchanged Rate Related 1. Spot 1,780,380 1,780,380 - 1,896 1,761 2. Forward 2,053,944 2,053,944 - 46,773 3,483 3. Option a. Written - - - - - b. Purchased - - - - - 4. Future - - - - - 5. Swap 4,184,965 4,184,965 - 12,102 55,641 6. Others - - - - - Interest Rate Related 1. Forward - - - - - 2. Option a. Written - - - - - b. Purchased - - - - - 3. Future - - - - - 4. Swap - - - - - 5. Others - - - - - C. Others - - - - - TOTAL 8,019,289 8,019,289 - 60,771 60,885 Notes: The financial information was taken from the Consolidated Financial Statements as of December 31, 2022 which have been audited by the Public Accounting Firm Imelda & Rekan (a member of Deloitte Asia Pacific Network and the Deloitte Network), with engagement partner Fonny Alimin, who issued an unmodified opinion. This consolidated financial statement have been prepared in accordance with the Financial Services Authority Regulation No. 37/POJK.03/2019 dated December 19, 2019 concerning "Transparency and Publication of Bank's Report", copy of the OJK's Circular Letter No.9/SEOJK.03/2020 dated June 30, 2020 regarding "Transparency and Publication of Convensional Commercial Bank's Report", Financial Services Authority Regulation (POJK) No. 14/POJK.04/2022 dated August 18, 2022 concerning "Submission of Periodic Financial Statements of Issuers or Public Companies" and Bapepam-LK Regulation No.VIII.G.7 included in the Appendix of the Decree of the Chairman of Bapepam-LK (currently OJK) No. KEP-347/BL/2012 dated June 25, 2012 regarding "Presentation and Disclosure of Issuer or Public Companies' Financial Statements" related to the presentation of consolidated financial statement above. The ultimate shareholders of PT Panin Financial Tbk are Gunadi Gunawan, Mu'min Ali Gunawan, Muljadi Koesumo and Tidjan Ananto. The ultimate shareholder of Votraint No. 1103 Pty Limited is ANZ Banking Group (Based on Financial Services Authority Regulation No. SR-233/PB.12.2019 dated September 9, 2019). The exchange rates are as of March 31, 2023 USD 1 = Rp 14,994.50 ; December 31, 2022 USD 1 = Rp 15,567.50 and March 31, 2022 USD 1 = Rp 14,369.-. Jakarta, April 18, 2023 PT BANK PANIN Tbk. Herwidayatmo Hendrawan Danusaputra President Director Deputy President Director

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