Consolidated Financial Statements PT Bank Panin Tbk and Subsidiaries as of March 31, 2026 (Unaudited)

STATEMENTS OF FINANCIAL POSITION

AS OF MARCH 31, 2026 AND DECEMBER 31, 2025

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

MAR 31, 2026

DEC 31, 2025

MAR 31, 2026

DEC 31, 2025

ASSETS

1.

Cash

1,683,048

1,668,496

1,706,767

1,688,021

2.

Placement to Bank Indonesia

7,857,627

3,855,334

8,978,943

5,251,779

3.

Interbank placement

5,911,287

5,830,621

5,172,323

5,143,744

4.

Spot and derivatives / forward claims

20,955

25,596

20,955

25,596

5.

Securities held

44,936,101

49,947,785

48,095,052

52,377,756

6.

Securites sold under repurchase agreement (repo)

765,296

4,256,811

765,296

4,256,811

7.

Claims on securites bought under reverse repo

5,662,920

8,546,644

5,662,920

8,546,644

8.

Acceptance claims

1,181,513

1,448,444

1,181,513

1,448,444

9.

Loans

118,819,335

123,745,109

140,339,604

145,082,877

10.

Sharia financing

-

-

-

-

11.

Equity investment

3,683,657

3,668,913

844,568

827,455

12.

Other financial assets

1,181,825

1,519,008

2,011,024

2,327,692

13.

Impairment on financial assets -/-

a. Securities held

(3)

(3)

(3)

(3)

b. Loans and sharia financing

(6,362,310)

(6,218,943)

(6,808,359)

(6,639,565)

c. Others

(14,426)

(13,967)

(33,683)

(29,700)

14.

Intangible Assets

983,470

980,300

1,080,178

1,076,507

Accumulated amortisation on intangible assets -/-

(409,448)

(387,094)

(472,714)

(448,385)

15.

Fixed assets and equipment

9,802,611

9,755,978

10,386,184

10,338,507

Accumulated depreciation on fixed assets and equipments -/-

(337,003)

(248,666)

(450,550)

(351,431)

16.

Non productive assets

a. Abandoned properties

955,512

956,403

955,512

956,403

b. Foreclosed assets

1,597,946

1,597,711

2,932,039

2,931,805

c. Suspense accounts

-

-

-

-

d. Interbranch assets *

-

-

-

-

17.

Other assets

2,786,483

2,347,881

2,993,940

2,515,729

TOTAL ASSETS

200,706,396

213,282,361

225,361,509

237,326,686

LIABILITIES AND EQUITIES

LIABILITIES

1.

Current account

12,484,909

12,597,617

13,522,681

13,337,796

2.

Saving account

46,867,454

47,853,352

49,037,861

49,433,074

3.

Deposit

74,047,940

81,954,534

84,877,084

94,144,775

4.

Electronic money

637

687

637

687

5.

Liabilities to Bank Indonesia

-

-

-

-

6.

Interbank liabilities

1,516,730

3,228,293

1,631,958

3,352,724

7.

Spot and derivatives / forward liabilities

18,959

25,922

18,959

25,922

8.

Liabilities on securites sold under repurchase agreement (repo)

719,345

4,064,195

719,345

4,064,195

9.

Acceptance liabilities

1,183,958

1,450,751

1,183,958

1,450,751

10.

Issued securities

9,867,994

7,169,668

11,565,994

7,917,668

11.

Loans received

-

-

2,460,435

2,402,440

12.

Margin deposit

163,576

176,986

163,744

177,147

13.

Interbranch liabilities *

-

-

-

-

14.

Other liabilities

1,709,973

1,899,707

2,046,962

2,246,494

15.

Minority interest

-

-

3,837,134

3,797,999

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)

(1,577)

(1,577)

(1,577)

17.

Additional paid in capital

a. Agio

3,427,953

3,427,953

3,427,953

3,427,953

b. Disagio -/-

-

-

-

-

c. Fund for paid-up capital

-

-

-

-

d. Other

-

-

(269,072)

(269,072)

18.

Other comprehensive gain (loss)

a. Gain

7,785,519

7,908,076

7,879,479

8,007,333

b. Loss -/-

(1,280,431)

(33,097)

(1,286,880)

(33,097)

19.

Reserves

a. General reserves

36,335,248

36,332,477

36,792,846

36,790,075

b. Appropriated reserves

140,000

140,000

140,000

140,000

20.

Gain/loss

a. Previous years

2,678,052

1,010,762

4,504,713

2,765,352

b. Current year

631,392

2,678,052

698,530

2,750,044

c. Dividends paid

-

(1,010,762)

-

(1,010,762)

TOTAL EQUITIES ATTRIBUTABLE TO OWNERS

52,124,921

52,860,649

54,294,757

54,975,014

TOTAL LIABILITIES AND EQUITIES

200,706,396

213,282,361

225,361,509

237,326,686

*stated at net carrying value

STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATION AS OF MARCH 31, 2026 AND 2025

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

MAR 31, 2026

MAR 31, 2025

C

SM

S

D

L

TOTAL

C

SM

S

D

L

TOTAL

I.

RELATED PARTIES

1.

Interbank placement

a. Rupiah

750,000

-

-

-

-

750,000

1,300,000

-

-

-

-

1,300,000

b. Foreign currency

247,332

-

-

-

-

247,332

140,900

-

-

-

-

140,900

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

221,053

-

-

-

-

221,053

203,233

-

-

-

21,133

224,366

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

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

i. Rupiah

1,273,478

-

-

-

789,378

2,062,856

1,227,024

549,945

-

-

239,386

2,016,355

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

c. Restructured loans

i. Rupiah

-

-

-

-

514,947

514,947

45,487

514,947

-

-

21,133

581,567

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

552,754

-

-

-

55

552,809

640,102

102

-

-

-

640,204

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

II.

NON-RELATED PARTIES

1.

Interbank placement

a. Rupiah

1,408,350

-

-

-

-

1,408,350

1,765,302

-

-

-

-

1,765,302

b. Foreign currency

3,505,605

-

-

-

-

3,505,605

3,221,067

-

-

-

-

3,221,067

2.

Spot and derivatives / forward claims

a. Rupiah

19,763

-

-

-

-

19,763

42,848

-

-

-

-

42,848

b. Foreign currency

1,192

-

-

-

-

1,192

-

-

-

-

-

-

3.

Securities held

a. Rupiah

43,555,623

-

-

-

71,420

43,627,043

38,278,542

-

-

-

71,168

38,349,710

b. Foreign currency

1,309,058

-

-

-

-

1,309,058

1,295,721

-

-

-

-

1,295,721

4.

Securities sold under repurchase agreement (repo)

a. Rupiah

765,296

-

-

-

-

765,296

8,530,396

-

-

-

-

8,530,396

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

a. Rupiah

5,662,920

-

-

-

-

5,662,920

5,348,942

-

-

-

-

5,348,942

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

6.

Acceptance claims

1,181,513

-

-

-

-

1,181,513

1,562,917

-

-

-

-

1,562,917

7.

Loans and financing provided

a. Micro, small and medium enterprises (UMKM)

i. Rupiah

18,945,995

712,138

63,539

135,409

532,058

20,389,139

19,651,750

861,628

70,628

107,190

564,266

21,255,462

ii. Foreign currency

48,628

-

-

-

-

48,628

56,469

-

-

-

-

56,469

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

i. Rupiah

80,319,584

7,762,727

100,775

116,819

1,431,164

89,731,069

83,749,538

8,299,529

439,824

224,550

2,290,627

95,004,068

ii. Foreign currency

6,182,592

120,358

-

-

63,640

6,366,590

5,789,320

123,328

-

-

62,013

5,974,661

c. Restructured loans

i. Rupiah

4,621,930

6,956,220

41,819

83,969

991,647

12,695,585

5,326,520

7,491,084

360,345

154,226

1,998,474

15,330,649

ii. Foreign currency

881,217

120,358

-

-

-

1,001,575

921,722

123,328

-

-

-

1,045,050

8.

Equity investment

171,702

-

-

-

-

171,702

129,001

-

-

-

-

129,001

9.

Other receivables

11,000

-

-

-

-

11,000

-

-

-

-

-

-

10.

Commitments and contingencies

a. Rupiah

37,242,319

120,921

840

696

1,588

37,366,364

36,838,578

126,316

393

1,001

3,338

36,969,626

b. Foreign currency

3,258,358

-

-

-

-

3,258,358

4,410,696

-

-

-

-

4,410,696

III.

OTHER INFORMATIONS

1.

Assets pledged as collateral :

a. To Bank Indonesia

-

-

b. To other parties

-

-

2.

Foreclosed assets

1,597,946

1,547,557

STATEMENTS OF CASH FLOWS

FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2026 AND 2025

(In Millions Rupiah)

DESCRIPTION

CONSOLIDATED

MAR 31, 2026

MAR 31, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Interest, loan commissions and fees received

4,089,581

3,841,729

Interest, prizes, fund commissions and fees paid

(1,534,547)

(1,854,696)

Other operating revenues received

348,005

285,104

Other operating expenses paid

(1,459,338)

(1,486,307)

Gain on foreign exchange transactions - net

35,066

33,665

Non-operating income received - net

25,297

13,855

Income tax expense paid

(197,780)

(206,605)

Operating cash flows before changes in operating assets and liabilities

1,306,284

626,745

Decrease (Increase) in operating assets

Securities (measured at fair value through profit or loss)

(139,469)

6,412,600

Loans

4,806,153

3,771,052

Securities purchased with agreements to resell

2,883,724

(4,253,475)

Finance lease receivables

(33,226)

12,642

Consumer financing receivables

(138,708)

(69,160)

Sales and lease-back receivables

18,584

12,916

Factoring receivables

(829)

-

Other assets

(219,601)

(68,139)

Increase (Decrease) in operating liabilities

Liabilities payable immediately

141,626

(26,297)

Deposits

(9,478,020)

(2,783,505)

Deposits from other banks

(770,765)

(409,540)

Acceptances payable

138

845

Securities sold with agreements to repurchase

(3,344,850)

(12,949,634)

Other liabilities

(93,940)

21,859

Net cash Used in Operating Activities

(5,062,899)

(9,701,091)

CASH FLOWS FROM INVESTING ACTIVITIES

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

(3,207,046)

(5,916,652)

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

9,326,478

11,673,271

Proceeds from sale of premises and equipment

337

2,551

Acquisition of premises and equipment and right-of-use assets

(72,123)

(52,732)

Acquisition of intangible assets

(17,988)

(19,627)

Net cash Provided by Investing Activities

6,029,658

5,686,811

CASH FLOWS FROM FINANCING ACTIVITIES

Post-employment benefits liability payment

-

(41,320)

Bonds issuance cost

(16,616)

-

Issuance of securities by parent entity

2,712,000

-

Lease liability payment

(26,480)

(32,369)

Borrowings repayment by subsidiaries

(576,187)

(565,474)

Borrowings received by subsidiaries

634,699

635,000

Net cash Provide by (Used in) Financing Activities

2,727,416

(4,163)

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

3,694,175

(4,018,443)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

12,083,544

17,855,635

Effect of foreign exchange rate changes

80,313

158,531

CASH AND CASH EQUIVALENTS AT END OF PERIOD

15,858,032

13,995,723

Cash and cash equivalents consist of:

Cash on hand

1,706,767

2,002,965

Demand deposits with Bank Indonesia

8,540,624

5,618,262

Demand deposits with other banks

743,208

752,654

Placements with Bank Indonesia and other banks

4,867,433

5,621,842

Total cash and cash equivalents

15,858,032

13,995,723

CAPITAL ADEQUACY RATIO (CAR) AS OF MARCH 31, 2026 AND 2025

(In Millions Rupiah)

COMPONENTS OF CAPITAL

MAR 31, 2026

MAR 31, 2025

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

I.

Core Capital (Tier 1)

45,715,462

51,332,827

45,823,660

51,302,419

1

Core Capital/Common Equity Tier 1 (CET 1)

45,715,462

51,332,827

45,823,660

51,302,419

1.1

Paid-in Capital (net of Treasury Stock)

2,407,187

2,407,187

2,408,155

2,408,155

1.2

Capital Additional Reserves

47,678,878

49,552,590

47,269,796

49,003,053

1.2.1

Additional Tier 1

51,185,201

53,634,189

49,393,301

51,718,710

1.2.1.1

Other comprehensive income

8,112,555

8,210,147

7,950,268

8,048,650

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

8,112,555

8,210,147

7,950,268

8,048,650

1.2.1.2

Other capital additional reserves (other disclosed reserves)

43,072,646

45,424,042

41,443,033

43,670,060

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

36,335,248

36,792,846

34,708,855

35,171,603

1.2.1.2.3

Previous year profit

2,678,052

4,504,713

2,577,514

4,326,245

1.2.1.2.4

Current year profit

631,393

698,530

715,957

731,505

1.2.1.2.5

Funds for paid-in capital

-

-

-

-

1.2.1.2.6

Others

-

-

-

-

1.2.2

Deduction Tier 1

(3,506,323)

(4,081,599)

(2,123,505)

(2,715,657)

1.2.2.1

Other comprehensive income

(1,565,720)

(1,568,956)

(581,605)

(602,138)

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

(1,565,720)

(1,568,956)

(581,605)

(602,138)

1.2.2.2

Other capital additional reserves (other disclosed reserves)

(1,940,603)

(2,512,643)

(1,541,900)

(2,113,519)

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

(1,940,603)

(2,512,643)

(1,541,900)

(2,113,519)

1.2.2.2.7

Others

-

-

-

-

1.3

Non Controlling Interest

-

1,005,526

-

961,135

1.4

Deduction Core Capital

(4,370,603)

(1,632,476)

(3,854,291)

(1,069,924)

1.4.1

Deffered tax calculated

(130,406)

(197,926)

(42,014)

(94,834)

1.4.2

Goodwill

-

-

-

-

1.4.3

Other intangible assets

(574,022)

(607,464)

(188,782)

(222,706)

1.4.4

Investments in shares

(3,666,175)

(827,086)

(3,623,495)

(752,384)

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)

1,209,578

1,413,847

1,340,030

1,528,918

1

Capital Instrument in the form of Stock or others which comply with Tier 2

50,000

50,000

136,800

136,800

2

Agio/Disagio

-

-

-

-

3

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

1,159,578

1,363,847

1,203,230

1,392,118

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

46,925,040

52,746,674

47,163,690

52,831,337

MAR 31, 2026

MAR 31, 2025

MAR 31, 2026

MAR 31, 2025

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

RISK WEIGHTED ASSETS

CAPITAL ADEQUACY RATIO

CREDIT RISK

- WEIGHTED ASSETS

110,695,587

130,873,940

114,567,377

132,840,392

CET 1 Ratio (%)

37.74%

36.08%

35.80%

34.84%

MARKET RISK

- WEIGHTED ASSETS

2,042,272

2,042,272

5,462,987

5,463,240

Tier 1 Ratio (%)

37.74%

36.08%

35.80%

34.84%

OPERATIONAL RISK -WEIGHTED ASSETS

8,397,670

9,348,152

7,955,960

8,946,359

Tier 2 Ratio (%)

1.00%

0.99%

1.05%

1.04%

TOTAL RISK WEIGHTED ASSETS

121,135,529

142,264,364

127,986,324

147,249,991

Capital Adequacy Ratio (%)

38.74%

37.07%

36.85%

35.88%

CAR BASED ON RISK PROFILE

9.70%

9.69%

9.44%

9.47%

CET 1 for Buffer (%)

29.04%

27.38%

27.41%

26.41%

CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE

PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)

From CET 1 (%)

8.70%

8.70%

8.39%

8.43%

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 (%)

1.00%

0.99%

1.05%

1.04%

Capital surcharge for D-SIB (%)

1.000%

1.000%

1.000%

1.000%

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2026 AND 2025

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

MAR 31, 2026

MAR 31, 2025

MAR 31, 2026

MAR 31, 2025

OPERATIONAL INCOME AND EXPENSES

A.

Interest income and expenses

1.

Interest income

3,230,663

3,334,005

3,838,786

3,931,112

2.

Interest expenses

1,262,608

1,496,713

1,506,582

1,761,093

Net interest income (expenses)

1,968,055

1,837,292

2,332,204

2,170,019

B.

Operational Income and Expenses Other than Interest

1.

Positive (negative) mark to market on financial assets

(54,827)

22,623

(54,827)

22,623

2.

Positive (negative) mark to market on financial liabilities

-

-

-

-

3.

Gain (loss) on sale of financial assets

75,886

66,777

75,886

66,777

4.

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

14,812

15,215

14,812

15,215

5.

Gain (loss) on investment under equity method

-

-

2,427

(5,726)

6.

Gain (loss) on foreign exchange translation

3,908

(42)

3,908

(42)

7.

Dividend income

-

-

-

-

8.

Commision/provision/fee and administration income

84,589

105,647

139,072

150,436

9.

Other income

180,380

176,668

247,369

246,957

10.

Provision (recovery) of financial assets' impairment

224,861

97,008

350,724

263,376

11.

Losses on operational risk

961

1,487

961

1,498

12.

Personnel expenses

497,832

510,752

636,927

643,657

13.

Promotion expenses

10,026

5,072

13,061

10,043

14.

Other expenses

728,894

694,613

818,785

789,165

Net Operational Income (Expenses) Other than Interest

(1,157,826)

(922,044)

(1,391,811)

(1,211,499)

OPERATIONAL PROFIT (LOSS)

810,229

915,248

940,393

958,520

NON OPERATIONAL INCOME (EXPENSES)

1.

Gain (loss) on sale of fixed assets and equipment

238

1,121

564

1,061

2.

Other non operational income (expenses)

121

3,002

(1,108)

1,494

NON OPERATIONAL PROFIT (LOSS)

359

4,123

(544)

2,555

CURRENT PERIOD PROFIT (LOSS) BEFORE TAX

810,588

919,371

939,849

961,075

Income taxes

a. Estimated current period tax -/-

185,533

199,461

204,268

206,605

b. Deferred tax income (expenses)

6,337

(3,953)

7,724

(5,022)

NET PROFIT (LOSS)

631,392

715,957

743,305

749,448

MINORITY INTEREST PROFIT (LOSS)

44,775

17,943

OTHER COMPREHENSIVE INCOME

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

a. Gain on fixed asset revaluation

205

889

205

889

b. Gain (loss) on defined benefit actuarial program

-

-

-

-

c. Others

-

-

(58)

(33)

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

(1,367,325)

186,942

(1,384,574)

195,502

c. Others

-

-

-

-

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

(1,367,120)

187,831

(1,384,427)

196,358

CURRENT PERIOD TOTAL COMPREHENSIVE INCOME

(735,728)

903,788

(641,122)

945,806

Profit attributable to:

631,392

715,957

EQUITY HOLDERS OF THE PARENT ENTITY

698,530

731,505

NON CONTROLLING INTEREST

44,775

17,943

CURRENT PERIOD TOTAL PROFIT

631,392

715,957

743,305

749,448

Total Comprehensive Profit (Loss) Attributable to:

(735,728)

903,788

EQUITY HOLDERS OF THE PARENT ENTITY

(680,257)

925,065

NON CONTROLLING INTEREST

39,135

20,741

TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE CURRENT PERIOD

(735,728)

903,788

(641,122)

945,806

TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE

-

-

-

-

DIVIDEND

-

-

-

-

NET EARNINGS (LOSS) PER SHARE

26.23

29.72

29.02

30.37

No.

Description

MAR 31, 2026

MAR 31, 2025

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

1,344

-

-

59,113

-

1,574

-

-

64,273

-

2.

Spot and derivatives / forward claims

-

-

-

210

-

-

-

-

428

-

3.

Securities held

315

66,090

-

6,635

71,420

17

64,985

-

2,203

71,168

4.

Securities sold under repurchase agreement (repo)

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

2,937

-

-

-

-

2,370

-

-

-

-

6.

Acceptances claims

5,867

-

-

8,798

-

6,033

-

-

11,888

-

7.

Loans and financing provided

751,734

743,967

4,866,609

1,035,324

1,685,055

685,194

679,096

5,883,525

1,074,957

1,883,544

8.

Equity investment

-

-

-

36,837

-

-

-

-

36,410

-

9.

Other receivables

1

-

-

110

-

-

-

-

-

-

10.

Commitment and contingencies

40,745

342

1

12,551

8,163

41,763

1,062

14

13,071

10,201

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

MAR 31, 2026

DEC 31, 2025

MAR 31, 2026

DEC 31, 2025

I.

COMMITTED CLAIMS

1. Unused borrowing / financing

-

-

-

-

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

5,119,564

4,087,810

5,119,564

4,087,810

3. Others

-

-

-

-

II.

COMMITTED LIABILITIES

1. Undisbursed loan / financing facilities to debtors

a. Committed

29,663,557

29,522,492

30,554,947

30,328,807

b. Uncommitted

9,541,049

8,425,494

11,386,908

10,112,564

2. Outstanding irrevocable L/C

754,292

649,369

754,292

649,369

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

4,965,931

4,110,885

4,965,931

4,110,885

4. Others

-

-

-

-

III.

CONTINGENT CLAIMS

1. Received guarantees

-

-

-

-

2. Others

1,425,360

1,469,465

1,425,360

1,469,465

IV.

CONTINGENT LIABILITIES

1. Issued guarantees

1,218,633

1,167,715

1,560,088

1,407,643

2. Others

246,143

233,618

246,143

233,618

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 : 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%

MAR 31, 2026

MAR 31, 2025

Performance Ratio

Consolidated

1.

Capital Adequacy Ratio (CAR)

37.07

35.88

2.

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

3.21

3.39

3.

Non performing earning assets to total earning assets

2.11

2.34

4.

Impairment provision on financial assets to total earning assets

3.42

3.75

5.

Gross NPL

3.00

3.33

6.

Net NPL

1.11

0.89

7.

Return on Asset (ROA)

1.58

1.64

8.

Return on Equity (ROE)

5.40

5.74

9.

Net Interest Margin (NIM)

4.60

4.16

10.

Operating Expense to Operating Revenue

77.96

78.35

11.

Cost to Income Ratio (CIR)

53.24

54.45

Individual

1.

Capital Adequacy Ratio (CAR)

38.74

36.85

2.

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

2.57

2.79

3.

Non performing earning assets to total earning assets

1.83

2.16

4.

Impairment provision on financial assets to total earning assets

3.58

3.88

5.

Gross NPL

2.72

3.23

6.

Net NPL

0.70

0.64

7.

Return on Asset (ROA)

1.60

1.77

8.

Return on Equity (ROE)

5.44

6.32

9.

Net Interest Margin (NIM)

4.44

3.97

10.

Operating Expense to Operating Revenue

77.08

75.40

11.

Loan to Deposit Ratio (LDR)

89.05

90.45

12.

Cost to Income Ratio (CIR)

54.47

54.82

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 *)

5.47

3.59

- Average **)

5.92

5.22

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

4.01

4.01

3.

Net Open Position

0.46

0.10

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2026 AND 2025

(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, 2025

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

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

-

-

-

-

(5,280)

-

-

-

-

5,280

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

731,505

731,505

17,943

749,448

Other comprehensive income-after tax

-

-

-

-

889

-

192,704

(33)

-

-

193,560

2,798

196,358

Balance as of March 31, 2025

2,408,765

(610)

3,440,707

(269,072)

7,661,308

37,404

(402,881)

4,441

140,000

40,229,353

53,249,415

3,766,007

57,015,422

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

-

-

-

-

(57,579)

-

-

-

-

57,579

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

2,018,539

2,018,539

102,431

2,120,970

Other comprehensive income-after tax

-

-

-

-

180,198

(72,245)

624,473

(883)

-

-

731,543

26,215

757,758

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

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

-

-

-

-

(2,850)

-

-

-

-

2,850

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

698,530

698,530

44,775

743,305

Other comprehensive income-after tax

-

-

-

-

205

-

(1,378,934)

(58)

-

-

(1,378,787)

(5,640)

(1,384,427)

Balance as of March 31, 2026

2,408,765

(1,577)

3,427,953

(269,072)

7,781,282

(34,841)

(1,157,342)

3,500

140,000

41,996,089

54,294,757

3,837,134

58,131,891

STATEMENTS OF FOREIGN EXCHANGE AND DERIVATIVE / FORWARD TRANSACTION AS OF MARCH 31, 2026

(In Millions Rupiah)

No.

Transaction

Individual

Notional Amount

Type

Derivatives Receivables and Payables

Trading

Hedging

Receivables

Payables

A.

Exchanged Rate Related

1.

Spot

3,331,367

3,331,367

-

1,224

1,005

2.

Forward

1,977,866

1,977,866

-

3,748

7,773

3.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

4.

Future

-

-

-

-

-

5.

Swap

4,572,327

4,572,327

-

15,316

10,181

6.

Others

203,934

203,934

-

667

-

B.

Interest Rate Related

1.

Forward

-

-

-

-

-

2.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

3.

Future

-

-

-

-

-

4.

Swap

-

-

-

-

-

5.

Others

-

-

-

-

-

C.

Others

-

-

-

-

-

TOTAL

10,085,494

10,085,494

-

20,955

18,959

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