Consolidated Financial Statements PT Bank Panin Tbk and Subsidiaries as of December 31, 2025 and 2024 (Audited)

STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

DEC 31, 2025

DEC 31, 2024

DEC 31, 2025

DEC 31, 2024 4)

ASSETS

1.

Cash

1,668,496

1,798,494

1,688,021

1,809,940

2.

Placement to Bank Indonesia

3,855,334

9,590,081

5,251,779

10,818,260

3.

Interbank placement

5,830,621

5,207,819

5,143,744

5,227,436

4.

Spot and derivatives / forward claims

25,596

40,010

25,596

40,010

5.

Securities held

49,947,785

37,834,722

52,377,756

40,183,372

6.

Securites sold under repurchase agreement (repo)

4,256,811

22,105,850

4,256,811

22,105,850

7.

Claims on securites bought under reverse repo

8,546,644

1,095,467

8,546,644

1,095,467

8.

Acceptance claims

1,448,444

1,415,079

1,448,444

1,415,079

9.

Loans

123,745,109

129,253,393

145,082,877

149,236,352

10.

Sharia financing

-

-

-

-

11.

Equity investment

3,668,913

3,640,956

827,455

775,604

12.

Other financial assets

1,519,008

1,135,391

2,327,692

1,854,386

13.

Impairment on financial assets -/-

a. Securities held

(3)

(21)

(3)

(21)

b. Loans and sharia financing

(6,218,943)

(7,211,919)

(6,639,565)

(7,752,661)

c. Others

(13,967)

(12,856)

(29,700)

(27,809)

14.

Intangible Assets

980,300

536,022

1,076,507

622,647

Accumulated amortisation on intangible assets -/-

(387,094)

(339,405)

(448,385)

(392,766)

15.

Fixed assets and equipment

9,755,978

9,885,156

10,338,507

10,385,887

Accumulated depreciation on fixed assets and equipments -/-

(248,666)

(422,596)

(351,431)

(487,625)

16.

Non productive assets

a. Abandoned properties

956,403

970,017

956,403

970,017

b. Foreclosed assets

1,597,711

1,542,234

2,931,805

2,929,399

c. Suspense accounts

-

-

-

-

d. Interbranch assets *

-

-

-

-

17.

Other assets

2,347,881

3,006,305

2,515,729

3,149,751

TOTAL ASSETS

213,282,361

221,070,199

237,326,686

243,958,575

LIABILITIES AND EQUITIES

LIABILITIES

1.

Current account

12,597,617

12,009,834

13,337,796

12,394,313

2.

Saving account

47,853,352

50,748,530

49,433,074

52,649,977

3.

Deposit

81,954,534

77,197,147

94,144,775

87,325,742

4.

Electronic money

687

633

687

633

5.

Liabilities to Bank Indonesia

-

-

-

402,305

6.

Interbank liabilities

3,228,293

821,073

3,352,724

952,588

7.

Spot and derivatives / forward liabilities

25,922

43,308

25,922

43,308

8.

Liabilities on securites sold under repurchase agreement (repo)

4,064,195

21,189,337

4,064,195

21,189,337

9.

Acceptance liabilities

1,450,751

1,418,048

1,450,751

1,418,048

10.

Issued securities

7,169,668

5,283,387

7,917,668

6,203,387

11.

Loans received

-

-

2,402,440

2,937,757

12.

Margin deposit

176,986

195,455

177,147

195,602

13.

Interbranch liabilities *

-

-

-

-

14.

Other liabilities

1,899,707

1,851,080

2,246,494

2,175,962

15.

Minority interest

-

-

3,797,999

3,745,266

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 -/-

(1,577)

(610)

(1,577)

(610)

17.

Additional paid in capital

a. Agio

3,427,953

3,440,707

3,427,953

3,440,707

b. Disagio -/-

-

-

-

-

c. Fund for paid-up capital

-

-

-

-

d. Other

-

-

(269,072)

(269,072)

18.

Other comprehensive gain (loss)

a. Gain

7,908,076

7,625,869

8,007,333

7,723,258

b. Loss -/-

(33,097)

(583,760)

(33,097)

(611,266)

19.

Reserves

a. General reserves

36,332,477

34,703,882

36,790,075

35,162,839

b. Appropriated reserves

140,000

140,000

140,000

140,000

20.

Gain/loss

a. Previous years

1,010,762

-

2,765,352

1,591,586

b. Current year

2,678,052

2,577,514

2,750,044

2,738,143

c. Dividends paid

(1,010,762)

-

(1,010,762)

-

TOTAL EQUITIES ATTRIBUTABLE TO OWNERS

52,860,649

50,312,367

54,975,014

52,324,350

TOTAL LIABILITIES AND EQUITIES

213,282,361

221,070,199

237,326,686

243,958,575

STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATION AS OF DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

DEC 31, 2025

DEC 31, 2024

C

SM

S

D

L

TOTAL

C

SM

S

D

L

TOTAL

I.

RELATED PARTIES

1.

Interbank placement

a. Rupiah

700,000

-

-

-

-

700,000

-

-

-

-

-

-

b. Foreign currency

125,031

-

-

-

-

125,031

101,290

-

-

-

-

101,290

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

200,746

-

-

-

-

200,746

202,327

-

-

-

21,133

223,460

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

b. Non micro, small and medium enterprises (UMKM)

i. Rupiah

1,302,947

-

-

-

789,403

2,092,350

1,408,583

547,897

-

-

239,386

2,195,866

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

c. Restructured loans

i. Rupiah

-

-

-

-

514,947

514,947

60,885

-

-

-

21,133

82,018

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

8.

Equity investment

3,511,955

-

-

-

-

3,511,955

3,511,955

-

-

-

-

3,511,955

9.

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

10.

Commitments and contingencies

a. Rupiah

658,455

-

-

-

30

658,485

604,859

110

-

-

-

604,969

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

II.

NON-RELATED PARTIES

1.

Interbank placement

a. Rupiah

2,104,209

-

-

-

-

2,104,209

1,021,882

-

-

-

-

1,021,882

b. Foreign currency

2,901,381

-

-

-

-

2,901,381

4,084,647

-

-

-

-

4,084,647

2.

Spot and derivatives / forward claims

a. Rupiah

25,430

-

-

-

-

25,430

39,985

-

-

-

-

39,985

b. Foreign currency

166

-

-

-

-

166

25

-

-

-

-

25

3.

Securities held

a. Rupiah

48,591,502

-

-

-

68,547

48,660,049

36,517,072

-

-

-

66,046

36,583,118

b. Foreign currency

1,287,736

-

-

-

-

1,287,736

1,251,604

-

-

-

-

1,251,604

4.

Securities sold under repurchase agreement (repo)

a. Rupiah

4,256,811

-

-

-

-

4,256,811

22,105,850

-

-

-

-

22,105,850

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

a. Rupiah

8,546,644

-

-

-

-

8,546,644

1,095,467

-

-

-

-

1,095,467

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

6.

Acceptance claims

1,448,444

-

-

-

-

1,448,444

1,415,079

-

-

-

-

1,415,079

7.

Loans and financing provided

a. Micro, small and medium enterprises (UMKM)

i. Rupiah

19,819,734

624,314

114,500

115,947

415,365

21,089,860

20,630,733

754,506

110,983

48,997

496,022

22,041,241

ii. Foreign currency

50,693

-

-

-

-

50,693

57,396

-

-

-

-

57,396

b. Non micro, small and medium enterprises (UMKM)

i. Rupiah

85,183,566

7,386,005

126,565

125,477

1,344,838

94,166,451

87,860,888

8,039,281

464,634

111,954

2,220,329

98,697,086

ii. Foreign currency

5,962,839

119,727

-

-

62,443

6,145,009

5,856,638

121,435

-

-

60,271

6,038,344

c. Restructured loans

i. Rupiah

4,812,471

6,871,291

125,804

75,746

887,239

12,772,551

5,561,956

7,553,902

448,522

43,055

1,975,678

15,583,113

ii. Foreign currency

882,492

119,727

-

-

-

1,002,219

908,580

121,435

-

-

-

1,030,015

8.

Equity investment

156,958

-

-

-

-

156,958

129,001

-

-

-

-

129,001

9.

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

10.

Commitments and contingencies

a. Rupiah

34,966,336

122,274

670

695

2,221

35,092,196

35,442,855

127,526

3,578

917

2,299

35,577,175

b. Foreign currency

4,014,389

-

-

-

-

4,014,389

4,200,729

-

-

-

-

4,200,729

III.

OTHER INFORMATIONS

1.

Assets pledged as collateral :

a. To Bank Indonesia

-

-

b. To other parties

-

-

2.

Foreclosed assets

1,597,711

1,542,234

STATEMENTS OF CASH FLOWS

FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

DESCRIPTION

CONSOLIDATED

DEC 31, 2025

DEC 31, 2024

CASH FLOWS FROM OPERATING ACTIVITIES

Interest, loan commissions and fees received

15,006,832

15,258,508

Interest, prizes, fund commissions and fees paid

(6,693,476)

(6,400,044)

Other operating revenues received

1,614,277

2,098,226

Other operating expenses paid

(5,387,210)

(5,591,688)

Gain on foreign exchange transactions - net

122,261

150,160

Non-operating income received - net

47,076

-

Non-operating expense paid - net

-

(53,565)

Income tax expense paid

(743,756)

(819,931)

Operating cash flows before changes in operating assets and liabilities

3,966,004

4,641,666

Decrease (Increase) in operating assets

Securities (measured at fair value through profit or loss)

10,708,587

(4,701,332)

Loans

1,726,871

(1,931,203)

Securities purchased with agreements to resell

(7,451,177)

3,731,653

Finance lease receivables

(97,619)

(75,779)

Consumer financing receivables

80,580

(662,551)

Sales and lease-back receivables

(22,567)

(30,476)

Factoring receivables

(68)

-

Other assets

187,217

169,962

Increase (Decrease) in operating liabilities

Liabilities payable immediately

(41,328)

(25,291)

Deposits

4,546,122

7,149,275

Deposits from other banks

1,825,832

(563,625)

Acceptances payable

(662)

(607)

Securities sold with agreements to repurchase

(17,125,142)

11,427,392

Other liabilities

(184,389)

(107,392)

Net cash (Used in) Provided by Operating Activities

(1,881,739)

19,021,692

CASH FLOWS FROM INVESTING ACTIVITIES

Securities purchased other than those measured at fair value throught profit or loss

(41,056,013)

(31,926,116)

Proceed from securities sold and matured (other than those measured at fair value throught profit or loss)

37,051,428

12,995,599

Proceeds from sale of premises and equipment

14,960

23,114

Dividends received

152,147

52,102

Acquisition of premises and equipment

(294,357)

(311,238)

Acquisition of intangible assets

(140,089)

(126,985)

Net cash Used in Investing Activities

(4,271,924)

(19,293,524)

CASH FLOWS FROM FINANCING ACTIVITIES

Purchase of treasury stock

(20,600)

-

Sale of treasury stock

6,879

-

Bonds issuance cost

(19,017)

(26,908)

Issuance of securities by parent entity

3,200,000

3,960,000

Payment of cash dividends by subsidiary

(96,709)

-

Issuance of subordinated bonds by parent entity

-

50,000

Lease liability payment

(83,757)

(105,268)

Borrowings repayment by subsidiaries

(2,595,757)

(3,365,664)

Borrowings received by subsidiaries

2,060,000

3,500,000

Subordinated bonds issuance cost

-

(2,147)

Redemption of subordinated bonds

(1,302,000)

(2,400,000)

Payment of cash dividends

(1,009,581)

-

Net cash Provided by Financing Activities

139,458

1,610,013

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(6,014,205)

1,338,181

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

17,855,635

16,504,062

Effect of foreign exchange rate changes

242,114

13,392

CASH AND CASH EQUIVALENTS AT END OF YEAR

12,083,544

17,855,635

Cash and cash equivalents consist of:

Cash on hand

1,688,021

1,809,940

Demand deposits with Bank Indonesia

4,052,893

9,286,821

Demand deposits with other banks

821,397

683,870

Placements with Bank Indonesia and other banks

5,521,233

6,075,004

Total cash and cash equivalents

12,083,544

17,855,635

CAPITAL ADEQUACY RATIO (CAR) AS OF DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

COMPONENTS OF CAPITAL

DEC 31, 2025

DEC 31, 2024

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

I.

Core Capital (Tier 1)

46,992,505

52,553,916

44,848,501

50,388,636

1

Core Capital/Common Equity Tier 1 (CET 1)

46,992,505

52,553,916

44,848,501

50,388,636

1.1

Paid-in Capital (net of Treasury Stock)

2,407,188

2,407,188

2,408,155

2,408,155

1.2

Capital Additional Reserves

48,829,954

50,651,414

46,356,868

48,161,932

1.2.1

Additional Tier 1

50,745,486

53,138,986

48,677,344

50,987,205

1.2.1.1

Other comprehensive income

8,307,004

8,416,324

7,955,241

8,053,930

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

191,679

203,326

-

-

1.2.1.1.3

Surplus of fixed assets revaluation

8,115,325

8,212,998

7,955,241

8,053,930

1.2.1.2

Other capital additional reserves (other disclosed

reserves)

42,438,482

44,722,662

40,722,103

42,933,275

1.2.1.2.1

Agio

3,427,953

3,427,953

3,440,707

3,440,707

1.2.1.2.2

General reserves

36,332,477

36,790,075

34,703,882

35,162,839

1.2.1.2.3

Previous year profit

-

1,754,590

-

1,591,586

1.2.1.2.4

Current year profit

2,678,052

2,750,044

2,577,514

2,738,143

1.2.1.2.5

Funds for paid-in capital

-

-

-

-

1.2.1.2.6

Others

-

-

-

-

1.2.2

Deduction Tier 1

(1,915,532)

(2,487,572)

(2,320,476)

(2,825,273)

1.2.2.1

Other comprehensive income

-

-

(814,925)

(842,844)

1.2.2.1.1

Deficit 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

-

-

(814,925)

(842,844)

1.2.2.2

Other capital additional reserves (other disclosed

reserves)

(1,915,532)

(2,487,572)

(1,505,551)

(1,982,429)

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

financial instruments in the Trading Book

-

-

-

-

1.2.2.2.6

Provision for Asset Quality Assessment

non productive

(1,915,532)

(2,487,572)

(1,505,551)

(1,982,429)

1.2.2.2.7

Others

-

-

-

-

1.3

Non Controlling Interest

-

996,192

-

956,872

1.4

Deduction Core Capital

(4,244,637)

(1,500,878)

(3,916,522)

(1,138,323)

1.4.1

Deffered tax calculated

-

(62,783)

(96,410)

(150,299)

1.4.2

Goodwill

-

-

-

-

1.4.3

Other intangible assets

(593,206)

(628,122)

(196,617)

(229,881)

1.4.4

Investments in shares

(3,651,431)

(809,973)

(3,623,495)

(758,143)

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 sharia 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)

1,263,022

1,466,424

1,438,221

1,622,176

1

Capital Instrument in the form of Stock or others which comply

with Tier 2

50,000

50,000

201,900

201,900

2

Agio/Disagio

-

-

-

-

3

General provision on earning assets (max. 1.25% Credit Risk

Weighted Assets)

1,213,022

1,416,424

1,236,321

1,420,276

4

Deduction supplemental capital (Tier 2)

-

-

-

-

4.1

Sinking Fund

-

-

-

-

4.2

Placement of funds in instrument AT 1 and/or Tier 2 to other bank

-

-

-

-

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

48,255,527

54,020,340

46,286,722

52,010,812

DEC 31, 2025

DEC 31, 2024

DEC 31, 2025

DEC 31, 2024

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

RISK WEIGHTED ASSETS

CAPITAL ADEQUACY RATIO

CREDIT RISK

- WEIGHTED ASSETS

113,017,010

132,536,273

117,429,776

135,278,961

CET 1 Ratio (%)

38.01%

36.47%

34.04%

33.46%

MARKET RISK

- WEIGHTED ASSETS

2,203,061

2,203,061

6,379,183

6,378,565

Tier 1 Ratio (%)

38.01%

36.47%

34.04%

33.46%

OPERATIONAL RISK -WEIGHTED ASSETS

8,397,670

9,348,152

7,955,960

8,946,359

Tier 2 Ratio (%)

1.02%

1.02%

1.09%

1.08%

TOTAL RISK WEIGHTED ASSETS

123,617,741

144,087,486

131,764,919

150,603,885

Capital Adequacy Ratio (%)

39.03%

37.49%

35.13%

34.54%

CAR BASED ON RISK PROFILE (%)

9.47%

9.51%

9.53%

9.56%

CET 1 for Buffer (%)

29.56%

27.98%

25.60%

24.98%

CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE

PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)

From CET 1 (%)

8.45%

8.49%

8.44%

8.48%

Capital 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%

From Tier 2 (%)

1.02%

1.02%

1.09%

1.08%

Capital surcharge for D-SIB (%)

1.000%

1.000%

1.000%

1.000%

NO.

DESCRIPTION

DEC 31, 2025

DEC 31, 2024

Allowance for Impairment

Required Allowance for Possible Losses on Earning Assets

Allowance for Impairment

Required Allowance for Possible Losses on Earning Assets

Stage 1

Stage 2

Stage 3

General

Specific

Stage 1

Stage 2

Stage 3

General

Specific

1.

Interbank placement

1,688

-

-

58,306

-

658

-

-

52,078

-

2.

Spot and derivatives / forward claims

-

-

-

256

-

-

-

-

400

-

3.

Securities held

317

62,642

-

5,986

68,548

60,054

-

-

2,161

66,046

4.

Securities sold under repurchase agreement (repo)

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

4,386

-

-

-

-

693

-

-

-

-

6.

Acceptances claims

4,370

-

-

10,280

-

6,358

-

-

8,806

-

7.

Loans and financing provided

606,676

769,808

4,842,459

1,089,499

1,260,461

927,643

931,082

5,353,194

1,125,805

1,773,156

8.

Equity investment

-

-

-

36,689

-

-

-

-

36,410

-

9.

Other receivables

-

-

-

-

-

-

-

-

-

-

10.

Commitment and contingencies

35,953

1,003

1

12,006

8,810

57,994

1,321

25

10,661

9,665

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

DEC 31, 2025

DEC 31, 2024

DEC 31, 2025

DEC 31, 2024

OPERATIONAL INCOME AND EXPENSES

A.

Interest income and expenses

1.

Interest income

13,204,583

12,991,896

15,603,014

15,473,785

2.

Interest expenses

5,592,386

5,488,278

6,652,775

6,540,932

Net interest income (expenses)

7,612,197

7,503,618

8,950,239

8,932,853

B.

Operational Income and Expenses Other than Interest

1.

Positive (negative) mark to market on financial assets

217,068

(108,210)

217,068

(108,210)

2.

Positive (negative) mark to market on financial liabilities

-

-

-

-

3.

Gain (loss) on sale of financial assets

287,204

161,215

287,204

161,215

4.

Gain (loss) on spot and derivatives / forward (realised)

48,346

66,773

48,346

66,773

5.

Gain (loss) on investment under equity method

-

-

56,130

32,283

6.

Gain (loss) on foreign exchange translation

9,766

9,789

9,766

9,789

7.

Dividend income

152,147

52,102

18,256

14,518

8.

Commision/provision/fee and administration income

429,811

460,860

622,399

706,253

9.

Other income

780,142

1,095,461

1,036,230

1,335,897

10.

Provision (recovery) of financial assets' impairment

804,203

1,056,118

1,433,811

1,682,728

11.

Losses on operational risk

192,879

22,741

192,987

22,752

12.

Personnel expenses

2,009,197

2,029,700

2,510,138

2,559,308

13.

Promotion expenses

18,731

18,141

30,702

60,590

14.

Other expenses

2,802,541

2,718,316

3,150,269

3,061,673

Net Operational Income (Expenses) Other than Interest

(3,903,067)

(4,107,026)

(5,022,508)

(5,168,533)

OPERATIONAL PROFIT (LOSS)

3,709,130

3,396,592

3,927,731

3,764,320

NON OPERATIONAL INCOME (EXPENSES)

1.

Gain (loss) on sale of fixed assets and equipment

7,753

(5,292)

8,565

(1,059)

2.

Other non operational income (expenses)

6,431

(100,763)

(307)

(108,367)

NON OPERATIONAL PROFIT (LOSS)

14,184

(106,055)

8,258

(109,426)

CURRENT YEAR PROFIT (LOSS) BEFORE TAX

3,723,314

3,290,537

3,935,989

3,654,894

Income taxes

a. Estimated current year tax -/-

947,667

82,047

1,004,021

132,222

b. Deferred tax income (expenses)

(97,595)

(630,976)

(61,550)

(655,909)

NET PROFIT (LOSS)

2,678,052

2,577,514

2,870,418

2,866,763

MINORITY INTEREST PROFIT (LOSS)

120,374

128,620

OTHER COMPREHENSIVE INCOME

1. Items that will not be reclassified to profit or loss

a. Gain on fixed asset revaluation

181,803

162,692

180,740

183,735

b. Gain (loss) on defined benefit actuarial program

(75,165)

(156,727)

(68,913)

(150,375)

c. Others

-

-

(916)

(1,034)

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

788,075

(130,561)

843,205

(141,958)

c. Others

-

-

-

-

OTHER COMPREHENSIVE INCOME OF THE CURRENT YEAR - NET OF APPLICABLE INCOME TAX

894,713

(124,596)

954,116

(109,632)

CURRENT YEAR TOTAL COMPREHENSIVE INCOME

3,572,765

2,452,918

3,824,534

2,757,131

Profit attributable to:

2,678,052

2,577,514

EQUITY HOLDERS OF THE PARENT ENTITY

2,750,044

2,738,143

NON CONTROLLING INTEREST

120,374

128,620

CURRENT YEAR TOTAL PROFIT

2,678,052

2,577,514

2,870,418

2,866,763

Total Comprehensive Profit (Loss) Attributable to:

3,572,765

2,452,918

EQUITY HOLDERS OF THE PARENT ENTITY

3,675,147

2,619,534

NON CONTROLLING INTEREST

149,387

137,597

TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE CURRENT YEAR

3,572,765

2,452,918

3,824,534

2,757,131

TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE

-

-

-

-

DIVIDEND

-

-

-

-

NET EARNINGS (LOSS) PER SHARE

111.25

107.03

114.24

113.70

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

DEC 31, 2025

DEC 31, 2024

DEC 31, 2025

DEC 31, 2024

I.

COMMITTED CLAIMS

1. Unused borrowing / financing

-

-

-

-

2. Foreign currency positions to be received from spot and derivative / forward transactions

4,087,810

3,676,853

4,087,810

3,676,853

3. Others

-

-

-

-

II.

COMMITTED LIABILITIES

1. Undisbursed loan / financing facilities to debtors

a. Committed

29,522,492

29,574,125

30,328,807

29,935,533

b. Uncommitted

8,425,494

9,098,233

10,112,564

10,445,605

2. Outstanding irrevocable L/C

649,369

679,377

649,369

679,377

3. Foreign currency positions to be submitted for spot and derivative / forward transactions

4,110,885

3,724,236

4,110,885

3,724,236

4. Others

-

-

-

-

III.

CONTINGENT CLAIMS

1. Received guarantees

-

-

-

-

2. Others

1,469,465

1,776,230

1,469,465

1,776,230

IV.

CONTINGENT LIABILITIES

1. Issued guarantees

1,167,715

1,031,138

1,407,643

1,209,001

2. Others

233,618

209,574

233,618

209,574

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

:

Munadi Umar

- Independent Commissioner

:

Drs. H. Riyanto

DIRECTORS

- President Director

:

Herwidayatmo

- Deputy President Director

: Hendrawan Danusaputra

- Director

:

Edy Heryanto

- Director

:

Januar Hardi

- Director

:

Gunawan Santoso

- Director

:

Lionto Gunawan

- Compliance Director

: Antonius Ketut Dwirianto

- Director

: Suwito Tjokrorahardjo

- Director

:

Sugiono Sutanto Janis

SHAREHOLDERS

I. Ultimate Shareholder:

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%

DEC 31, 2025

DEC 31, 2024

Performance Ratio

Consolidated

1.

Capital Adequacy Ratio (CAR)

37.49

34.54

2.

Non performing earning assets and non earning assets to total earning assets and non earning assets

2.99

3.01

3.

Non performing earning assets to total earning assets

1.90

2.08

4.

Impairment provision on financial assets to total earning assets

3.08

3.53

5.

Gross NPL

2.82

3.05

6.

Net NPL

1.04

0.90

7.

Return on Asset (ROA)

1.68

1.56

8.

Return on Equity (ROE)

5.33

5.61

9.

Net Interest Margin (NIM)

4.32

4.38

10.

Operating Expense to Operating Revenue

78.06

78.72

11.

Cost to Income Ratio (CIR)

52.28

51.21

Individual

1.

Capital Adequacy Ratio (CAR)

39.03

35.13

2.

Non performing earning assets and non earning assets to total earning assets and non earning assets

2.35

2.50

3.

Non performing earning assets to total earning assets

1.60

1.91

4.

Impairment provision on financial assets to total earning assets

3.21

3.65

5.

Gross NPL

2.50

2.92

6.

Net NPL

0.62

0.69

7.

Return on Asset (ROA)

1.83

1.62

8.

Return on Equity (ROE)

5.80

5.98

9.

Net Interest Margin (NIM)

4.16

4.15

10.

Operating Expense to Operating Revenue

75.48

76.94

11.

Loan to Deposit Ratio (LDR)

86.88

92.33

12.

Cost to Income Ratio (CIR)

52.63

51.81

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 *)

2.53

6.44

- Average **)

4.73

6.52

b. Reserve requirement - Foreign currency (daily) *)

4.01

4.02

3.

Net Open Position

1.19

0.47

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024

(In Millions Rupiah)

Capital Stock

Treasury Stock

Additional Paid-in Capital

Difference in value of equity transaction with non-controlling interest

Other Comprehensive Income

Retained Earnings

Equity attributable to owners of the parent entity

Non-Controlling Interest

Total

Surplus revaluation of premises and equipment

Remeasurement of defined benefit obligation

Changes in fair value on marketable securities measured at fair value

through other comprehensive income

Shares in other comprehensive income of associate

Appropriated

Unappropriated

Balance as of January 1, 2024

2,408,765

(610)

3,440,707

(269,072)

7,676,494

190,446

(498,473)

5,508

140,000

36,611,051

49,704,816

3,607,669

53,312,485

Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment

-

-

-

-

(184,494)

-

-

-

-

184,494

-

-

-

Transfer to retained earnings

-

-

-

-

-

-

41,120

-

-

(41,120)

-

-

-

Net income for the current year

-

-

-

-

-

-

-

-

-

2,738,143

2,738,143

128,620

2,866,763

Other comprehensive income-after tax

-

-

-

-

173,699

(153,042)

(138,232)

(1,034)

-

-

(118,609)

8,977

(109,632)

Balance as of December 31, 2024

2,408,765

(610)

3,440,707

(269,072)

7,665,699

37,404

(595,585)

4,474

140,000

39,492,568

52,324,350

3,745,266

56,069,616

Treasury Stock

-

(967)

-

-

-

-

-

-

-

-

(967)

-

(967)

Additional Paid-in Capital

-

-

(12,754)

-

-

-

-

-

-

-

(12,754)

-

(12,754)

Distribution of dividends

-

-

-

-

-

-

-

-

-

(1,010,762)

(1,010,762)

-

(1,010,762)

Dividends from subsidiary paid to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

(96,654)

(96,654)

Transfer of surplus revaluation of premises and equipment to retained earning arising from sale of revalued premises and equipment

-

-

-

-

(62,859)

-

-

-

-

62,859

-

-

-

Net income for the current year

-

-

-

-

-

-

-

-

-

2,750,044

2,750,044

120,374

2,870,418

Other comprehensive income-after tax

-

-

-

-

181,087

(72,245)

817,177

(916)

-

-

925,103

29,013

954,116

Balance as of December 31, 2025

2,408,765

(1,577)

3,427,953

(269,072)

7,783,927

(34,841)

221,592

3,558

140,000

41,294,709

54,975,014

3,797,999

58,773,013

STATEMENTS OF FOREIGN EXCHANGE AND DERIVATIVE / FORWARD TRANSACTION AS OF DECEMBER 31, 2025

(In Millions Rupiah)

No.

Transaction

Individual

Notional Amount

Type

Derivatives Receivables and Payables

Trading

Hedging

Receivables

Payables

A.

Exchanged Rate Related

1.

Spot

1,545,335

1,545,335

-

726

2,185

2.

Forward

1,822,427

1,822,427

-

13,689

5,921

3.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

4.

Future

-

-

-

-

-

5.

Swap

4,830,933

4,830,933

-

11,181

17,816

6.

Others

-

-

-

-

-

B.

Interest Rate Related

1.

Forward

-

-

-

-

-

2.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

3.

Future

-

-

-

-

-

4.

Swap

-

-

-

-

-

5.

Others

-

-

-

-

-

C.

Others

-

-

-

-

-

TOTAL

8,198,695

8,198,695

-

25,596

25,922

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