Consolidated Financial Statements PT Bank Panin Tbk and Subsidiaries as of September 30, 2025 and 2024 (Unaudited)

STATEMENTS OF FINANCIAL POSITION

AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

SEP 30, 2025

DEC 31, 2024

SEP 30, 2025

DEC 31, 2024

ASSETS

1.

Cash

1,237,584

1,798,494

1,255,200

1,809,940

2.

Placement to Bank Indonesia

10,794,160

9,590,081

11,938,576

10,818,260

3.

Interbank placement

3,129,728

5,207,819

3,049,810

5,227,436

4.

Spot and derivatives / forward claims

33,531

40,010

33,531

40,010

5.

Securities held

45,050,821

37,834,722

47,611,202

40,183,372

6.

Securites sold under repurchase agreement (repo)

151,214

22,105,850

151,214

22,105,850

7.

Claims on securites bought under reverse repo

5,711,460

1,095,467

5,711,460

1,095,467

8.

Acceptance claims

1,542,957

1,415,079

1,542,957

1,415,079

9.

Loans

121,280,766

129,253,393

141,989,441

148,901,716

10.

Sharia financing

-

-

-

-

11.

Equity investment

3,652,617

3,640,956

787,824

775,604

12.

Other financial assets

1,053,129

1,135,391

1,835,333

1,854,386

13.

Impairment on financial assets -/-

a. Securities held

(3)

(21)

(3)

(21)

b. Loans and sharia financing

(6,355,135)

(7,211,919)

(6,782,080)

(7,679,331)

c. Others

(9,123)

(12,856)

(22,819)

(27,809)

14.

Intangible Assets

562,224

536,022

656,019

622,647

Accumulated amortisation on intangible assets -/-

(375,278)

(339,405)

(434,765)

(392,766)

15.

Fixed assets and equipment

10,052,455

9,885,156

10,561,424

10,385,887

Accumulated depreciation on fixed assets and equipments -/-

(709,425)

(422,596)

(808,010)

(487,625)

16.

Non productive assets

a. Abandoned properties

958,818

970,017

958,818

970,017

b. Foreclosed assets

1,536,864

1,542,234

2,955,284

2,929,399

c. Suspense accounts

-

-

-

-

d. Interbranch assets *

-

-

-

-

17.

Other assets

3,195,529

3,006,305

3,651,067

3,411,057

TOTAL ASSETS

202,494,893

221,070,199

226,641,483

243,958,575

LIABILITIES AND EQUITIES

LIABILITIES

1.

Current account

12,082,138

12,009,834

12,636,547

12,394,313

2.

Saving account

47,401,373

50,748,530

48,500,969

52,649,977

3.

Deposit

76,804,636

77,197,147

88,854,910

87,325,742

4.

Electronic money

689

633

689

633

5.

Liabilities to Bank Indonesia

-

-

-

402,305

6.

Interbank liabilities

3,043,033

821,073

3,175,705

952,588

7.

Spot and derivatives / forward liabilities

38,352

43,308

38,352

43,308

8.

Liabilities on securites sold under repurchase agreement (repo)

145,748

21,189,337

145,748

21,189,337

9.

Acceptance liabilities

1,546,288

1,418,048

1,546,288

1,418,048

10.

Issued securities

7,167,185

5,283,387

8,370,185

6,203,387

11.

Loans received

-

-

3,004,932

2,937,757

12.

Margin deposit

226,801

195,455

226,958

195,602

13.

Interbranch liabilities *

-

-

-

-

14.

Other liabilities

1,920,735

1,851,080

2,260,062

2,175,962

15.

Minority interest

-

-

3,743,455

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 -/-

(2,187)

(610)

(2,187)

(610)

17.

Additional paid in capital

a. Agio

3,421,684

3,440,707

3,421,684

3,440,707

b. Disagio -/-

-

-

-

-

c. Fund for paid-up capital

-

-

-

-

d. Other

-

-

(269,072)

(269,072)

18.

Other comprehensive gain (loss)

a. Gain

7,748,164

7,625,869

7,831,861

7,723,258

b. Loss -/-

(33,653)

(583,760)

(33,653)

(611,266)

19.

Reserves

a. General reserves

36,308,205

34,703,882

36,765,803

35,162,839

b. Appropriated reserves

140,000

140,000

140,000

140,000

20.

Gain/loss

a. Previous years

1,010,762

-

2,765,054

1,591,586

b. Current year

2,126,937

2,577,514

2,119,190

2,738,143

c. Dividends paid

(1,010,762)

-

(1,010,762)

-

TOTAL EQUITIES ATTRIBUTABLE TO OWNERS

52,117,915

50,312,367

54,136,683

52,324,350

TOTAL LIABILITIES AND EQUITIES

202,494,893

221,070,199

226,641,483

243,958,575

*stated at net carrying value

STATEMENTS OF EARNING ASSET QUALITY AND OTHER INFORMATION AS OF SEPTEMBER 30, 2025 AND 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

SEP 30, 2025

SEP 30, 2024

C

SM

S

D

L

TOTAL

C

SM

S

D

L

TOTAL

I.

RELATED PARTIES

1.

Interbank placement

a. Rupiah

100,000

-

-

-

-

100,000

200,000

-

-

-

-

200,000

b. Foreign currency

74,281

-

-

-

-

74,281

361,645

-

-

-

-

361,645

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

200,895

-

-

-

21,133

222,028

197,657

-

-

-

21,133

218,790

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

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

i. Rupiah

1,032,960

-

-

-

789,392

1,822,352

1,516,521

547,892

-

-

239,386

2,303,799

ii. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

c. Restructured loans

i. Rupiah

-

-

-

-

536,080

536,080

74,373

-

-

-

21,133

95,506

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

540,458

-

-

-

42

540,500

641,050

15

-

-

-

641,065

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

II.

NON-RELATED PARTIES

1.

Interbank placement

a. Rupiah

5,004

-

-

-

-

5,004

12,300

-

-

-

-

12,300

b. Foreign currency

2,950,443

-

-

-

-

2,950,443

4,002,550

-

-

-

-

4,002,550

2.

Spot and derivatives / forward claims

a. Rupiah

33,335

-

-

-

-

33,335

120,209

-

-

-

-

120,209

b. Foreign currency

196

-

-

-

-

196

2

-

-

-

-

2

3.

Securities held

a. Rupiah

43,661,330

-

-

-

70,826

43,732,156

39,608,189

-

-

-

74,167

39,682,356

b. Foreign currency

1,318,665

-

-

-

-

1,318,665

1,193,504

-

-

-

-

1,193,504

4.

Securities sold under repurchase agreement (repo)

a. Rupiah

151,214

-

-

-

-

151,214

11,208,662

-

-

-

-

11,208,662

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

a. Rupiah

5,711,460

-

-

-

-

5,711,460

-

-

-

-

-

-

b. Foreign currency

-

-

-

-

-

-

-

-

-

-

-

-

6.

Acceptance claims

1,542,957

-

-

-

-

1,542,957

2,067,503

-

-

-

-

2,067,503

7.

Loans and financing provided

a. Micro, small and medium enterprises (UMKM)

i. Rupiah

19,047,606

700,208

175,155

111,303

369,568

20,403,840

20,266,450

987,614

76,922

59,095

460,371

21,850,452

ii. Foreign currency

51,368

-

-

-

-

51,368

52,052

-

-

-

-

52,052

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

i. Rupiah

81,928,472

7,929,560

254,698

396,197

1,510,091

92,019,018

86,604,513

9,432,967

335,734

597,454

2,040,550

99,011,218

ii. Foreign currency

6,578,595

121,159

-

-

62,406

6,762,160

5,735,811

115,630

-

-

56,695

5,908,136

c. Restructured loans

i. Rupiah

4,796,569

7,323,658

308,061

146,957

1,040,168

13,615,413

4,615,049

9,158,563

67,718

485,325

1,823,977

16,150,632

ii. Foreign currency

898,818

121,159

-

-

-

1,019,977

865,018

115,630

-

-

-

980,648

8.

Equity investment

140,662

-

-

-

-

140,662

136,761

-

-

-

-

136,761

9.

Other receivables

-

-

-

-

-

-

-

-

-

-

-

-

10.

Commitments and contingencies

a. Rupiah

34,500,190

118,767

1,205

975

2,008

34,623,145

33,907,865

207,310

-

-

-

34,115,175

b. Foreign currency

4,197,815

-

-

-

-

4,197,815

3,970,460

-

-

-

-

3,970,460

III.

OTHER INFORMATIONS

1.

Assets pledged as collateral :

a. To Bank Indonesia

-

-

b. To other parties

-

-

2.

Foreclosed assets

1,536,864

1,553,062

STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2025 AND 2024

(In Millions Rupiah)

DESCRIPTION

CONSOLIDATED

SEP 30, 2025

SEP 30, 2024

CASH FLOWS FROM OPERATING ACTIVITIES

Interest, loan commissions and fees received

11,597,601

11,216,941

Interest, prizes, fund commissions and fees paid

(5,149,730)

(4,719,317)

Other operating revenues received

1,148,529

1,507,331

Other operating expenses paid

(4,133,794)

(4,333,868)

Gain on foreign exchange transactions - net

95,733

102,548

Non-operating expense paid - net

(16,012)

(12,526)

Income tax expense paid

(553,998)

(592,947)

Operating cash flows before changes in operating assets and liabilities

2,988,329

3,168,162

Decrease (Increase) in operating assets

Securities (measured at fair value through profit or loss)

10,985,338

(1,170,434)

Loans

4,926,123

(1,599,749)

Securities purchased with agreements to resell

(4,615,993)

4,827,120

Finance lease receivables

(93,283)

(57,801)

Consumer financing receivables

64,857

(645,355)

Sales and lease-back receivables

(22,064)

(20,371)

Other assets

(214,041)

72,150

Increase (Decrease) in operating liabilities

Liabilities payable immediately

77,958

66,095

Deposits

(2,377,607)

7,860,230

Deposits from other banks

2,103,814

(1,426,434)

Acceptances payable

362

1,027

Securities sold with agreements to repurchase

(21,043,589)

1,158,143

Other liabilities

44,617

(44,644)

Net cash (Used in) Provided by Operating Activities

(7,175,179)

12,188,139

CASH FLOWS FROM INVESTING ACTIVITIES

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

(21,088,336)

(18,454,890)

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

25,853,406

4,540,802

Proceeds from sale of premises and equipment

7,542

19,096

Dividends received

49,576

52,102

Acquisition of premises and equipment

(163,595)

(255,124)

Acquisition of intangible assets

(91,750)

(93,541)

Net cash Provided by (Used in) Investing Activities

4,566,843

(14,191,555)

CASH FLOWS FROM FINANCING ACTIVITIES

Treasury stock purchase

(20,600)

-

Bonds issuance cost

(19,017)

(2,091)

Issuance of securities by parent entity

3,200,000

50,000

Payment of cash dividends by subsidiary

(96,709)

-

Issuance of subordinated bonds by parent entity

-

50,000

Lease liability payment

(72,292)

(74,599)

Borrowings repayment by subsidiaries

(1,467,856)

(2,551,534)

Borrowings received by subsidiaries

1,535,000

2,750,000

Subordinated bonds issuance cost

-

(2,147)

Redemption of subordinated bonds

(1,302,000)

(2,400,000)

Payment of cash dividends

(1,010,762)

-

Net cash Provided by (Used in) Financing Activities

745,764

(2,180,371)

NET DECREASE IN CASH AND CASH EQUIVALENTS

(1,862,572)

(4,183,787)

CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD

17,855,635

16,504,062

Effect of foreign exchange rate changes

250,524

(50,090)

CASH AND CASH EQUIVALENTS AT END OF PERIOD

16,243,587

12,270,185

Cash and cash equivalents consist of:

Cash on hand

1,255,200

1,067,823

Demand deposits with Bank Indonesia

10,969,576

4,626,251

Demand deposits with other banks

612,892

916,892

Placements with Bank Indonesia and other banks

3,405,919

5,659,219

Total cash and cash equivalents

16,243,587

12,270,185

STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO COMMERCIAL BANK AS OF SEPTEMBER 30, 2025 AND 2024

(In Millions Rupiah)

COMPONENTS OF CAPITAL

SEP 30, 2025

SEP 30, 2024

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

I.

Core Capital (Tier 1)

46,734,199

52,216,693

44,098,435

49,617,965

1

Core Capital/Common Equity Tier 1 (CET 1)

46,734,199

52,216,693

44,098,435

49,617,965

1.1

Paid-in Capital (net of Treasury Stock)

2,406,577

2,406,577

2,408,155

2,408,155

1.2

Capital Additional Reserves

48,149,703

49,863,195

46,176,400

47,978,526

1.2.1

Additional Tier 1

49,857,013

52,152,561

47,943,079

50,268,019

1.2.1.1

Other comprehensive income

8,000,187

8,091,592

7,798,196

7,884,767

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

82,517

75,951

-

-

1.2.1.1.3

Surplus of fixed assets revaluation

7,917,670

8,015,641

7,798,196

7,884,767

1.2.1.2

Other capital additional reserves (other disclosed reserves)

41,856,826

44,060,969

40,144,883

42,383,252

1.2.1.2.1

Agio

3,421,684

3,421,684

3,440,707

3,440,707

1.2.1.2.2

General reserves

36,308,205

36,765,803

34,664,880

35,123,837

1.2.1.2.3

Previous year profit

-

1,754,292

-

1,630,761

1.2.1.2.4

Current year profit

2,126,937

2,119,190

2,039,296

2,187,947

1.2.1.2.5

Funds for paid-in capital

-

-

-

-

1.2.1.2.6

Others

-

-

-

-

1.2.2

Deduction Tier 1

(1,707,310)

(2,289,366)

(1,766,679)

(2,289,493)

1.2.2.1

Other comprehensive income

-

-

(337,293)

(384,332)

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

-

-

(337,293)

(384,332)

1.2.2.2

Other capital additional reserves (other disclosed reserves)

(1,707,310)

(2,289,366)

(1,429,386)

(1,905,161)

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

(1,707,310)

(2,289,366)

(1,429,386)

(1,905,161)

1.2.2.2.7

Others

-

-

-

-

1.3

Non Controlling Interest

-

989,010

-

967,025

1.4

Deduction Core Capital

(3,822,081)

(1,042,089)

(4,486,120)

(1,735,741)

1.4.1

Deffered tax calculated

-

(50,493)

(653,488)

(725,783)

1.4.2

Goodwill

-

-

-

-

1.4.3

Other intangible assets

(186,946)

(221,254)

(201,377)

(236,076)

1.4.4

Investments in share

(3,635,135)

(770,342)

(3,631,255)

(773,882)

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)

1,205,942

1,400,912

1,490,413

1,679,695

1

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

50,000

50,000

267,000

267,000

2

Agio/Disagio

-

-

-

-

3

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

1,155,942

1,350,912

1,223,413

1,412,695

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

47,940,141

53,617,605

45,588,848

51,297,660

SEP 30, 2025

SEP 30, 2024

SEP 30, 2025

SEP 30, 2024

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

INDIVIDUAL

CONSOLIDATED

RISK WEIGHTED ASSETS

CAPITAL ADEQUACY RATIO

RISK WEIGHTED ASSETS

112,054,654

131,277,479

117,932,155

135,847,507

CET 1 Ratio (%)

38.03%

36.49%

33.48%

32.96%

CREDIT RISK

- WEIGHTED ASSETS

2,868,525

2,868,525

5,764,030

5,757,148

Tier 1 Ratio (%)

38.03%

36.49%

33.48%

32.96%

MARKET RISK

- WEIGHTED ASSETS

7,955,960

8,946,359

8,016,975

8,949,435

Tier 2 Ratio (%)

0.98%

0.98%

1.13%

1.12%

OPERATIONAL RISK -WEIGHTED ASSETS

122,879,139

143,092,363

131,713,160

150,554,090

Capital Adequacy Ratio (%)

39.01%

37.47%

34.61%

34.08%

TOTAL RISK WEIGHTED ASSETS

9.47%

9.51%

9.53%

9.56%

CET 1 for Buffer (%)

29.54%

27.96%

25.08%

24.52%

CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE

PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)

From CET 1 (%)

8.49%

8.53%

8.40%

8.44%

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 (%)

0.98%

0.98%

1.13%

1.12%

Capital surcharge for D-SIB (%)

1.000%

1.000%

1.000%

1.000%

No.

Description

SEP 30, 2025

SEP 30, 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

133

-

-

31,297

-

255

-

-

45,765

-

2.

Spot and derivatives / forward claims

-

-

-

335

-

-

-

-

1,202

-

3.

Securities held

296

64,919

-

6,038

70,826

68,281

-

-

2,128

74,167

4.

Securities sold under repurchase agreement (repo)

-

-

-

-

-

-

-

-

-

-

5.

Claims on securities bought under reverse repo

377

-

-

-

-

-

-

-

-

-

6.

Acceptances claims

5,036

-

-

11,513

-

7,919

-

-

14,790

-

7.

Loans and financing provided

642,434

544,003

5,168,698

1,057,256

1,833,861

1,307,032

1,940,351

3,732,594

1,111,739

2,049,995

8.

Equity investment

-

-

-

36,526

-

-

-

-

36,487

-

9.

Other receivables

-

-

-

-

-

-

-

-

-

-

10.

Commitment and contingencies

39,191

1,422

19

12,977

8,651

64,495

217

5

11,302

10,365

STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2025 AND 2024

(In Millions Rupiah)

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

SEP 30, 2025

SEP 30, 2024

SEP 30, 2025

SEP 30, 2024

OPERATIONAL INCOME AND EXPENSES

A.

Interest income and expenses

1.

Interest income

9,890,278

9,534,532

11,667,584

11,404,083

2.

Interest expenses

4,304,115

3,931,471

5,104,112

4,720,932

Net interest income (expenses)

5,586,163

5,603,061

6,563,472

6,683,151

B.

Operational Income and Expenses Other than Interest

1.

Positive (negative) mark to market on financial assets

191,756

59,664

191,756

59,664

2.

Positive (negative) mark to market on financial liabilities

-

-

-

-

3.

Gain (loss) on sale of financial assets

235,816

138,242

235,816

138,242

4.

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

39,202

43,673

39,202

43,673

5.

Gain (loss) on investment under equity method

-

-

32,243

39,611

6.

Gain (loss) on foreign exchange translation

7,522

10,138

7,522

10,138

7.

Dividend income

152,147

52,102

18,256

14,518

8.

Commision/provision/fee and administration income

326,200

337,272

469,303

537,796

9.

Other income

602,938

679,950

793,094

849,901

10.

Provision (recovery) of financial assets' impairment

772,073

464,586

1,220,136

902,989

11.

Losses on operational risk

7,227

65,662

7,291

65,662

12.

Personnel expenses

1,522,326

1,541,680

1,908,272

1,957,265

13.

Promotion expenses

13,492

12,911

24,878

53,335

14.

Other expenses

2,092,361

2,181,211

2,354,155

2,443,857

Net Operational Income (Expenses) Other than Interest

(2,851,898)

(2,945,009)

(3,727,540)

(3,729,565)

OPERATIONAL PROFIT (LOSS)

2,734,265

2,658,052

2,835,932

2,953,586

NON OPERATIONAL INCOME (EXPENSES)

1.

Gain (loss) on sale of fixed assets and equipment

1,401

1,247

1,766

6,466

2.

Other non operational income (expenses)

(50,449)

(55,693)

(53,024)

(59,253)

NON OPERATIONAL PROFIT (LOSS)

(49,048)

(54,446)

(51,258)

(52,787)

CURRENT PERIOD PROFIT (LOSS) BEFORE TAX

2,685,217

2,603,606

2,784,674

2,900,799

Income taxes

a. Estimated current period tax -/-

523,312

552,556

554,424

595,067

b. Deferred tax income (expenses)

(34,968)

(11,754)

(35,342)

(10,567)

NET PROFIT (LOSS)

2,126,937

2,039,296

2,194,908

2,295,165

MINORITY INTEREST PROFIT (LOSS)

75,718

107,218

OTHER COMPREHENSIVE INCOME

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

a. Gain on fixed asset revaluation

4,788

9,580

4,788

9,580

b. Gain (loss) on defined benefit actuarial program

-

-

-

-

c. Others

-

-

(364)

(383)

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

705,185

250,220

739,206

264,322

c. Others

-

-

-

-

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

709,973

259,800

743,630

273,519

CURRENT PERIOD TOTAL COMPREHENSIVE INCOME

2,836,910

2,299,096

2,938,538

2,568,684

Profit attributable to:

2,126,937

2,039,296

EQUITY HOLDERS OF THE PARENT ENTITY

2,119,190

2,187,947

NON CONTROLLING INTEREST

75,718

107,218

CURRENT PERIOD TOTAL PROFIT

2,126,937

2,039,296

2,194,908

2,295,165

Total Comprehensive Profit (Loss) Attributable to:

2,836,910

2,299,096

EQUITY HOLDERS OF THE PARENT ENTITY

2,843,695

2,456,853

NON CONTROLLING INTEREST

94,843

111,831

TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE CURRENT PERIOD

2,836,910

2,299,096

2,938,538

2,568,684

TRANSFER OF PROFIT (LOSS) TO HEAD OFFICE

-

-

-

-

DIVIDEND

-

-

-

-

NET EARNINGS (LOSS) PER SHARE

88.30

84.66

87.98

90.83

NO.

DESCRIPTION

INDIVIDUAL

CONSOLIDATED

SEP 30, 2025

DEC 31, 2024

SEP 30, 2025

DEC 31, 2024

I.

COMMITTED CLAIMS

1. Unused borrowing / financing

-

-

-

-

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

4,551,500

3,676,853

4,551,500

3,676,853

3. Others

-

-

-

-

II.

COMMITTED LIABILITIES

1. Undisbursed loan / financing facilities to debtors

a. Committed

28,516,687

29,574,125

29,179,058

29,935,533

b. Uncommitted

8,887,050

9,098,233

10,515,941

10,445,605

2. Outstanding irrevocable L/C

979,074

679,377

979,074

679,377

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

4,424,315

3,724,236

4,424,315

3,724,236

4. Others

-

-

-

-

III.

CONTINGENT CLAIMS

1. Received guarantees

-

-

-

-

2. Others

1,502,538

1,776,230

1,502,538

1,776,230

IV.

CONTINGENT LIABILITIES

1. Issued guarantees

978,649

1,031,138

1,132,952

1,209,001

2. Others

234,156

209,574

234,156

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

:

Gregory James Terry

- 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

SHAREHOLDERS

I. Ultimate Shareholder : 3)

Melalui :

- 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%

SEP 30, 2025

SEP 30, 2024

Performance Ratio

Consolidated

1.

Capital Adequacy Ratio (CAR)

37.47

34.08

2.

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

3.38

3.21

3.

Non performing earning assets to total earning assets

2.26

2.25

4.

Impairment provision on financial assets to total earning assets

3.41

3.55

5.

Gross NPL

3.16

3.17

6.

Net NPL

1.11

1.09

7.

Return on Asset (ROA)

1.59

1.68

8.

Return on Equity (ROE)

5.50

6.04

9.

Net Interest Margin (NIM)

4.24

4.44

10.

Operating Expense to Operating Revenue

78.92

77.45

11.

Cost to Income Ratio (CIR)

51.53

54.08

Individual

1.

Capital Adequacy Ratio (CAR)

39.01

34.61

2.

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

2.79

2.66

3.

Non performing earning assets to total earning assets

2.08

2.05

4.

Impairment provision on financial assets to total earning assets

3.58

3.69

5.

Gross NPL

3.04

3.01

6.

Net NPL

0.86

0.83

7.

Return on Asset (ROA)

1.76

1.74

8.

Return on Equity (ROE)

6.18

6.36

9.

Net Interest Margin (NIM)

4.08

4.21

10.

Operating Expense to Operating Revenue

76.11

75.51

11.

Loan to Deposit Ratio (LDR)

88.97

91.78

12.

Cost to Income Ratio (CIR)

51.02

54.93

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 *)

7.52

3.05

- Average **)

4.21

6.71

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

4.01

4.01

3.

Net Open Position

0.46

0.43

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 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

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

-

-

-

-

(143,547)

-

-

-

-

143,547

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

2,187,947

2,187,947

107,218

2,295,165

Other comprehensive income-after tax

-

-

-

-

9,580

-

259,709

(383)

-

-

268,906

4,613

273,519

Balance as of September 30, 2024

2,408,765

(610)

3,440,707

(269,072)

7,542,527

190,446

(238,764)

5,125

140,000

38,942,545

52,161,669

3,719,500

55,881,169

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

-

-

-

-

(40,947)

-

-

-

-

40,947

-

-

-

Transfer to retained earnings

-

-

-

-

-

-

41,120

-

-

(41,120)

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

550,196

550,196

21,402

571,598

Other comprehensive income-after tax

-

-

-

-

164,119

(153,042)

(397,941)

(651)

-

-

(387,515)

4,364

(383,151)

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

-

(1,577)

-

-

-

-

-

-

-

-

(1,577)

-

(1,577)

Additional Paid-in Capital

-

-

(19,023)

-

-

-

-

-

-

-

(19,023)

-

(19,023)

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

-

-

-

-

(38,289)

-

-

-

-

38,289

-

-

-

Net income for the current period

-

-

-

-

-

-

-

-

-

2,119,190

2,119,190

75,718

2,194,908

Other comprehensive income-after tax

-

-

-

-

4,788

-

720,081

(364)

-

-

724,505

19,125

743,630

Balance as of September 30, 2025

2,408,765

(2,187)

3,421,684

(269,072)

7,632,198

37,404

124,496

4,110

140,000

40,639,285

54,136,683

3,743,455

57,880,138

STATEMENTS OF FOREIGN EXCHANGE AND DERIVATIVE / FORWARD TRANSACTION AS OF SEPTEMBER 30, 2025

(In Millions Rupiah)

No.

Transaction

Individual

Notional Amount

Type

Derivatives Receivables and Payables

Trading

Hedging

Receivables

Payables

A.

Exchanged Rate Related

1.

Spot

2,441,396

2,441,396

-

686

1,461

2.

Forward

1,778,747

1,778,747

-

17,575

11,429

3.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

4.

Future

-

-

-

-

-

5.

Swap

4,755,673

4,755,673

-

15,270

25,462

6.

Others

-

-

-

-

-

B.

Interest Rate Related

1.

Forward

-

-

-

-

-

2.

Option

a. Written

-

-

-

-

-

b. Purchased

-

-

-

-

-

3.

Future

-

-

-

-

-

4.

Swap

-

-

-

-

-

5.

Others

-

-

-

-

-

C.

Others

-

-

-

-

-

TOTAL

8,975,816

8,975,816

-

33,531

38,352

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