For quantitative and qualitative information related to market risk, in addition to the information presented below, see Note 29.2 to our audited consolidated financial statements as of and for the year ended December 31, 2025, 2024 and 2023, appearing elsewhere in this Annual Report on Form 20-F. RISK MANAGEMENT Our goal is to attain sustainable long-term growth, through a balance between risk policies and profitability. As a result, our senior management places great emphasis on risk management. To manage the risks described below, we have a specialized risk management structure, measurement systems and mitigation and remediation processes in place for each of our business segments. We incorporate analytics into our decision-making process and make use of tools and methodologies that allow us to identify and manage risk efficiently. Banking Segment Main Types of Risks The main types of risk inherent in Interbank’s businesses are credit, market, liquidity and operational risk. •Credit risk: probability of loss due to inability or lack of willingness to pay by debtors, counterparts or third parties bound by contractual obligations. •Market risk: probability of loss in positions on and off-balance sheets derived from variations in market conditions. It generally includes the following risk types: exchange rates, interest rates and prices. 213 •Liquidity risk: potential inability to meet contractual and contingent obligations, both on- or off-balance sheet, as they come due. •Operational risk: probability of loss due to inadequate processes, personnel and information technology failures, or external events. To manage the above risks, Interbank has a specialized risk management structure, measurement systems and mitigation and remediation processes. It uses different models and rating tools at the client or product level to manage risks. These tools measure and value the risk with a prospective vision, thus allowing the organization to make better risk decisions in the different stages or life cycle of each loan. These tools are monitored and validated on an ongoing basis to ensure that appropriate levels of prediction and performance are being maintained and to take corrective action or adjust to the models when needed. The risk management indicators are reviewed and assessed from time to time to identify possible deviations in risk profile with respect to the established risk appetite and apply timely corrective actions as needed. This information is submitted to the Risk Management Committee monthly and to the board of directors periodically. Credit Risk The main risk Interbank must manage is credit risk. To mitigate exposure to credit risk and provide adequate risk coverage, Interbank has established the following measures, among others: •policies, procedures, methodologies, models, parameters and expert judgement to identify, measure, control and report credit risk; •review and assessment of credit risk through specialized units of risk screening, which are independent from Interbank’s Commercial Division, and which assess credit risk prior to loan approvals or prior to the acquisition of specific investments; •timely monitoring and tracking of credit risk and maintenance of pre-defined tolerance levels; •compliance with regulatory limits and establishment of internal limits to minimize exposure to debtors and counterparties, such as those related to sector concentration (for loans), by issuer, credit rating and liquidity; •procedures for the management of loan guarantees. Interbank also uses different models and rating tools for each type of client and/or product. Interbank seeks to monitor and review these tools from time to time to ensure that adequate levels of prediction and performance are maintained and if necessary, to adjust or take corrective measures. Through its policies and procedures, Interbank establishes the patterns and mechanisms needed to prevent excessive risk concentration and maintain a diversified portfolio. Interbank manages its credit risk by means of three main processes: underwriting, monitoring and recovery. These processes are applied accordingly in different business lines. The underwriting process is fundamentally based on comprehensive knowledge of the client and their economic activity and evaluating their repayment capacity, solvency and credit history. This process uses risk management methodologies and tools, which measures and assesses the quality of the risk to be granted, based on models and automatic rating systems for the admission of credits. The monitoring process is used for early detection of credit risk to identify clients with potential risks that would affect their ability to pay which can possibly impact the debtor’s credit development. This process uses an integrated system of alerts, which is used to determine whether immediate actions need to be taken. Actions include preventative, corrective or follow-up measures. This process utilizes systems, models and guidelines to assess the evolution of the debtor’s detected risks and determine their management for standardization or collection. The recovery process is carried out through a set of coordinated actions for the appropriate and timely recovery of the loans, which aim to minimize losses in exposures with a high credit risk. 214 Commercial Banking The following table presents the approval levels required for commercial loan applications at Interbank. Approval requirement Amount Executive required to be present at committee meeting Minimum quorum Interbank related companies credit committee Any transaction with related companies Two Directors 2 Director credit committee According to business segment and statistical rating situation Corporate Banking Two Directors 2 -With updated statistical rating AAA-A greater than U.S.$70,000,000 BBB-B greater than U.S.$60,000,000 CCC-C greater than U.S.$40,000,000 -Without statistical rating updated Greater than U.S.$40,000,000 Medium-sized Banking, Institutional Banking and Real Estate Business Greater than U.S.$30,000,000 Central credit committee According to business segment and statistical rating situation Corporate Banking CEO or VP of Payments Ecosystem, VP of Risk Management, and Other VP. 3 -With statistical rating updated AAA-A up to U.S.$70,000,000 BBB-B up to U.S.$60,000,000 CCC-C up to U.S.$40,000,000 -Without statistical rating updated Up to U.S.$30,000,000 Medium-sized Banking up to U.S.$40,000,000, Institutional Banking and Real Estate Business Up to U.S.$30,000,000 Executive credit committee According to business segment and statistical rating situation Corporate Banking VP of Risk Management, VP Business and Other VP 3 -With statistical rating updated AAA-A: up to U.S.$40,000,000 BBB-B up to U.S.$30,000,000 CCC-C up to U.S.$15,000,000 -Without statistical rating updated Up to U.S.$15,000,000 Medium-sized Banking up to U.S.$20,000,000, Institutional Banking and Real Estate Business Up to U.S.$15,000,000 215 Credit approval is determined by the applicant’s repayment ability, which is defined primarily by their cash flow and credit history. The decision whether or not to approve an extension of credit takes into account the applicant’s economic environment, its ability to meet its obligations, collateral, management and the credit ratings assigned to the applicant by other companies of the financial system. To rate credit risk within the commercial portfolio, Interbank uses a credit risk management system, the Statistical Rating System. This system measures credit risk by classifying companies based on their expected default probability, without considering the facility’s amount, loan conditions or collateral. The Statistical Rating System is supported by a statistical model that predicts default probability from historical default data, based on the company’s qualitative information, financial performance and internal and external credit behavior. Currently, the system is designed to rate companies from our commercial banking business line with at least S/3.0 million in annual sales. For government entities or project finance, Interbank uses the Weighted Rating System. This methodology considers six different areas: (1) product, demand and industry; (2) shareholders and management; (3) access to credit; (4) profitability; (5) generation of resources; and (6) solvency. The final rating is the weighted sum of these areas. In the case of financial institutions, Interbank uses an Expert Judgment Analysis Methodology. This methodology considers aspects such as shareholders, management, profitability, solvency, risk rating information, etc. The Watchlist System monitors clients that have risk potential that needs to be addressed. Based on internal and external alerts, historical financial data and client behavior and market conditions, clients are classified into one of four categories: (1) surveillance; (2) guarantee (increase collateral), (3) reduce exposure and (4) exit or collect. The Non-Performing Assets Monitoring System monitors the status of non-performing loans and defines categories and related strategies. This system allows Interbank to evaluate which companies are overdue and are struggling to pay their loans and focus recovery efforts on those loans. The recovery portfolio is divided into rescheduled and refinanced credit, judicial recoveries and restructured credit. Credit risk management includes strategies related to proper recovery of defaulted loans. Depending on whether the recovery strategy is based upon the client’s cash flow or collateral foreclosure, loans are assigned to the recovery division. This division has two units, special credit and judicial recovery. Judicial recovery may include the sale of recovered or foreclosed assets, which are managed by the asset sales unit that oversees selling these assets. Small Business Banking The following table presents the approval levels required for small business banking loan applications by principal amount in U.S. dollars. Approval levels Amount(1) Vice President of Risk Management Over U.S. $ 594,700 Risk Manager Up to U.S. $ 594,700 Risk Assistant Manager Up to U.S. $ 356,800 Zonal Risk Officer Up to U.S. $ 178,400 Master Risk Analyst Up to U.S. $ 74,300 Senior Risk Analyst Up to U.S. $ 44,600 (1)Amounts stated in U.S. dollars as of and for the year ended December 31, 2025 have been translated from soles at the exchange rate of S/3.363 = U.S.$1.00. In small business banking, credit approval is determined by the applicant’s credit history and repayment ability, which is in turn determined primarily by the applicant’s cash flow and credit history. Approvals of loans depend on the applicant’s economic conditions, its ability to meet its obligations, collateral, management and the credit ratings assigned by a scoring system applied to new and current clients. An independent unit is responsible for ensuring proper compliance with risk policies, the methodologies applied in the evaluation of creditors and the performance of scoring models and ensuring that the quality of the portfolio does not exceed risk limits. 216 Interbank has developed specific risk management tools to respond efficiently to new schemes and constraints that arise in the market for small business banking. Interbank refers to these tools as the Small Business Banking Management and Monitoring Process, which consist of: •Scoring Small Banking Enterprises: is an analysis tool in the credit evaluation process aimed at reducing risk rates and process times and assigning a score to the credit proposal evaluated. •Financial Statement Analysis and Cash Flow Forecasting: for credit evaluation of long-term loans. •Indebted Customers Methodology Small Business Banking: identifies customers who have high leverage exposure. •Field Audit and Monitoring: is used to assess quality by selecting samples of credit loans granted and poor performing portfolios and reviewing supporting documentation, with a final risk report presentation. During collection of early stage (1-90 days), Interbank uses collection scores that allow Interbank to define the collection strategy: phone collection, text message collection, mail or personal collection. Recovery in small business banking occurs in two phases. Early collection is based on and supported by commercial debt collection officers for the first 90 days. During this time, a customer in default is contacted and recovery efforts are made in the form of letters, telephone calls and direct negotiations. After the first 90 days, the defaulted loan is transferred to the Recovery Unit. Retail Banking The following table presents the approval levels required for retail loan applications by principal amount in U.S. dollars. Approval levels also vary according to product. Credit Card Cash Credit Pay-roll Loans Loans for Diplomats With Collateral Mortgage Amount Approval Levels(1) Greater than Greater than Greater than Greater than Greater than Greater than Central Manager 38,656 89,206 89,206 — 446,030 800,000 Risk Manager 29,735 74,338 74,338 44,603 297,354 700,000 Risk Assistant Manager 22,302 59,471 59,471 26,762 223,015 550,000 Risk Officer 17,841 53,524 59,471 26,762 148,677 350,000 Senior Risk Analyst 13,381 35,682 53,524 17,841 118,941 250,000 Risk Analyst 7,731 23,788 35,682 8,921 59,471 150,000 Junior Risk Analyst 3,568 14,868 23,788 5,947 29,735 100,000 (1)Amounts stated in U.S. dollars as of and for the year ended December 31, 2025 have been translated from soles at the exchange rate of S/3.363 = U.S.$1.00. The approval process in retail banking is supported by world class tools, a workflow that includes a parameterized decision-making system, including risk policies and limits, as well as statistical models for all main retail banking products: credit cards, payroll deduction loans, mortgages and consumer loans. In retail banking, credit approval is determined by the applicant’s repayment ability, credit history and risk profile. An independent unit is responsible for monitoring the performance of the customer’s portfolio, identifying and controlling risk across the customer’s life cycle, keeping track of the performance of credit policies at origination and monitoring behavior in customer management and collections. For this purpose, Interbank uses data mining and cluster analysis, stress testing for likelihood of defaults, vintage and roll rate analysis and credit risk scoring. During collection of early stage (1-90 days) due loans in retail banking, Interbank uses collection scores that allow it to choose the appropriate collection strategy: phone collection, text message collection, chatbot, mail or personal collection. Unpaid debts with a 90-day stay are deemed defaulted loans. Depending on whether the recovery strategy is based on the client’s cash flow or collateral foreclosure, loans are assigned to Interbank’s recovery division. The recovery division has two units, pre-judicial and judicial stage of recovery. During the judicial stage of recovery, accounts are assigned to recovery attorneys. Recovery may include the sale of foreclosed assets. Defaulted loans that are 100% accounted for under loan loss reserves are written-off and managed through external judicial recovery. 217 Collections and recoveries are undertaken through advanced collection systems from world class suppliers and predictive dialers. The recovery portfolio is segmented into various groups that are divided according to the specific phase of the recovery process. Collections and recovery efforts are made by letters, SMS text messages, IVR (Interactive Voice Response), telephone and personal contact with the customer. Market Risk Market risk is the probability of loss due to variations in financial market conditions. The main variations to which Interbank is exposed are: (i) exchange rates, (ii) interest rates and (iii) prices. Said variations can affect the value of financial assets and liabilities. As part of the risk management system, in certain circumstances Interbank uses derivative financial instruments to mitigate the risk exposure which arises from the variations in interest rates and exchange rates. Exchange Rate Management sets limits on exposure levels by currency and monitors them on a daily basis. Transactions in foreign currency are accounted for by using exchange rates prevailing on the market. Interbank manages exchange rates by matching its assets and liabilities, overseeing the global exchange position daily. Interbank’s global foreign exchange position is equivalent to the result of long positions minus short positions in currencies different from the sol. The global foreign exchange position includes spot positions and derivative positions. Interest Rate Interest rates continuously fluctuate on the market and affect us: (i) first, through the change in the valuation of assets and liabilities; and (ii) second, though cash flows at repricing. The variation in the valuation of assets and liabilities is increasingly sensitive as the term at which the asset or liability repricing increases. This process consists of the assessment of the repricing periods. On the other side, cash flows are affected when the instruments reach maturity, given that they are invested or placed at the new market interest rates. The interest rate risk tracking is reported to the Integral Risk Management Committee, as well as the ALCO. The Integral Risk Management Committee approves the various limits applicable to the management of financial instruments. The tracking process is performed by the Division of Market Risk. An analysis of repricing gaps is performed to determine the impact of interest rate movements on the valuation of assets and liabilities into different time gaps. The following tables summarize Interbank’s exposure to interest rate risks. Financial instruments are presented at book value, classified by the period of the contract’s interest rate repricing or maturity date, whichever occurs first: 218 Repricing Gap Repricing Gap at December 31, 2025 1 - Month 1 – 3 Months 3 Months - 1 Year 1 Year - 3 Years 3 Years - 5 Years Over 5 Years Past-due loans / Equities Banking (S/ in millions) Assets Cash due from banks 10,037.9 — — — — — — 10,037.9 Inter-bank funds 40.0 — — — — — — 40.0 Instruments measured at fair value through other comprehensive income 892.9 1,175.0 1,863.5 391.4 617.9 2,550.2 620.7 8,111.5 Investments at amortized cost — 97.7 411.7 142.2 159.6 3,037.0 — 3,848.2 Loans, net of unearned income 4,422.9 6,136.6 11,935.0 12,160.6 7,551.7 7,305.1 1,358.6 50,870.5 Other assets 11.1 35.6 1.7 — — — — 48.4 Total 15,404.9 7,444.9 14,211.9 12,694.1 8,329.1 12,892.3 1,979.3 72,956.5 Deposits and obligations 35,910.6 5,727.3 4,532.3 161.4 15.0 32.9 — 46,379.4 Inter-bank funds 55.0 — — — — — — 55.0 Due to banks and correspondents 897.2 1,667.3 2,315.7 279.1 257.9 1,310.9 — 6,728.1 Bonds, notes and other obligations 226.6 1.7 1,885.2 — 2,176.2 — — 4,289.7 Other liabilities 18.1 47.8 129.4 72.8 27.8 24.7 — 320.7 Total 37,107.5 7,444.1 8,862.6 513.3 2,476.9 1,368.5 — 57,772.9 Marginal gap (21,702.6 ) 0.8 5,349.3 12,180.8 5,852.2 11,523.9 1,979.3 15,183.6 Accumulated gap (21,702.6 ) (21,701.8 ) (16,352.5 ) (4,171.7 ) 1,680.5 13,204.4 15,183.6 — Repricing Gap at December 31, 2024 1 - Month 1 – 3 Months 3 Months - 1 Year 1 Year - 3 Years 3 Years - 5 Years Over 5 Years Past-due loans / Equities Banking (S/ in millions) Assets Cash due from banks 8,025.7 — — — — — — 8,025.7 Inter-bank funds 220.1 — — — — — — 220.1 Instruments measured at fair value through other comprehensive income 859.2 1,216.6 496.6 1,982.1 1,322.7 1,262.2 240.0 7,379.4 Investments at amortized cost — 101.1 — 423.0 304.6 2,970.8 — 3,799.5 Loans, net of unearned income 3,950.3 5,206.6 12,644.0 12,838.2 6,678.7 6,585.9 1,434.3 49,337.9 Other assets 4.3 4.6 13.7 — — — — 22.6 Total 13,059.5 6,529.0 13,154.3 15,243.2 8,306.0 10,818.9 1,674.4 68,785.2 Deposits and obligations 33,839.1 4,744.3 5,160.2 237.4 56.4 33.5 — 44,070.9 Inter-bank funds — — — — — — — — Due to banks and correspondents 1,487.2 767.2 1,375.8 1,662.5 279.9 1,391.0 — 6,963.7 Bonds, notes and other obligations 249.9 1.7 1,481.7 1,813.7 1,122.1 — — 4,669.1 Other liabilities 10.9 12.0 32.6 60.1 34.1 18.4 — 168.1 Total 35,587.1 5,525.3 8,050.3 3,773.7 1,492.5 1,442.9 — 55,871.8 Marginal gap (22,527.6 ) 1,003.7 5,104.0 11,469.5 6,813.5 9,376.0 1,674.4 12,913.4 Accumulated gap (22,527.6 ) (21,523.9 ) (16,419.9 ) (4,950.4 ) 1,863.1 11,239.0 12,913.4 — Interbank separates exposures to market risk into two blocks: (i) trading book, which comprises positions in liquid investments, and (ii) banking book, which comprises banking assets and liabilities inherent to the intermediation business whose market risk exposure stems from the changes in the portfolio’s structural positions. Trading Book To control and monitor the risks arising from the volatility of risk factors, Interbank has established maximum exposure limits by currency, investment type, Value-at-Risk (VaR) and tolerance to expected maximum loss (Stop Loss), which are monitored on a daily basis. Likewise, reports from the Integral Risk Management Committee and the ALCO are submitted regularly to Interbank’s board of directors. 219 The validity of VaR calculation is proven through a back-testing proof, which uses historical data to ensure that the model adequately estimates potential losses. Additionally, it calculates risk factor sensitivity, which shows potential portfolio losses resulting from interest rate shocks, exchange rate shocks and price shocks, among others. As of December 31, 2025, 2024 and 2023, Interbank’s VaR calculated for its trading book, classified by type of risk, was as follows: December 31, 2025 December 31, 2024 December 31, 2023 Change (S/ in millions) Dec 25 / Dec 24 Dec 24 / Dec 23 By type of risk Exchange rate 1.2 0.8 1.0 0.4 (0.2 ) Interest rate 0.8 0.2 0.7 0.6 (0.5 ) Price — — — — — Diversification effect (0.7 ) (0.2 ) (0.5 ) (0.5 ) 0.3 Total 1.3 0.9 1.2 0.5 (0.4 ) Interbank’s VaR increased from S/0.9 million as of December 31, 2024 to S/1.3 million as of December 31, 2025, mainly due to higher net exposure in foreign exchange derivatives and higher interest risk, derived from higher volatility in both soles and U.S. dollars SOFR curves. Interbank’s VaR decreased from S/1.2 million as of December 31, 2023 to S/0.9 million as of December 31, 2024, mainly due to lower net exposure in foreign exchange derivatives and lower interest rate risk, derived from lower volatility in both soles and U.S. dollars SOFR curves. For the periods presented Interbank did not have back-testing exceptions. Banking Book Interbank also holds positions that are not actively traded. These positions include all loan placements and funds raised through Interbank’s intermediation business, as well as certain investments that are not deemed trading. Foreign Exchange Risk Foreign exchange rate risk is the risk due to exchange rates movements. Management sets limits on exposure levels by currency and monitors them on a daily basis. Transactions in foreign currency are accounted for by using exchange rates prevailing on the market. Interbank manages exchange rate risk by matching its assets and liabilities, overseeing the global exchange position on a daily basis. Interbank’s global foreign exchange position is equivalent to the result of long positions minus short positions in currencies different from the sol. The global foreign exchange position includes spot positions and derivative positions. Liquidity Risk Interbank’s liquidity risk arises from the potential inability to comply with financial obligations. This risk may arise as a result of diverse events such as the unexpected loss of funding sources or the inability to rapidly settle assets, among others. Interbank takes short-term deposits and transforms them into longer-term loans, which also increases its exposure to liquidity risk. Interbank keeps a set of deposits that historically represent a stable funding source. Interbank’s liquidity is managed by the Vice President of Capital Markets, which leads the ALCO. Liquidity risk is overseen by the Integral Risk Management Committee, which defines the risk level that Interbank is willing to take and reviews the corresponding indicators, limits and controls. Interbank has a set of indicators that establish minimum short-term liquidity and reflect several risk aspects, such as concentration, stability, position by currency, main depositors, etc. The Market Risk Division is responsible for tracking such indicators. 220 Interbank also assesses medium-term and long-term liquidity through a structural analysis of its funds inflows and outflows on diverse maturity terms. This process allows it to identify, for each currency, the funding sources, how liquidity needs increase and which terms are mismatched. For both assets and liabilities, Interbank makes assumptions for operations without specific maturity dates, including revolving loans and savings. These assumptions also include the estimated obligations arising from contingent liabilities such as guarantee letters or non-used credit lines. Based on this information, necessary actions are taken to maintain the target liquidity levels. Operational Risk Operational risk is defined as the possibility of losses due to inadequate processes, faulty personnel, information technology, or external events. To manage these risks, Interbank has established three defense lines: •1st line: comprises the business and support units, which perform operations directly and are responsible for the operational risks; •2nd line: comprises the units of risks, Fraud Prevention, Cybersecurity, the Portal for Money Laundering and Terrorism Financing Prevention (“PLAFT” by its Spanish acronym), among others, which provide for the methodological support for risk management; and •3rd line: comprises the Internal Audit unit, which conducts an independent review on the operational risk management. The management of operational risk by Interbank has the following objectives: •to manage risk according to the defined levels of appetite and tolerance; •to reduce the level of operational losses; •to monitor, measure and report the main risks identified to their respective units; •to promote the development and innovation of new products and processes in accordance with the aforementioned objectives; and •to maintain an optimal level of readiness in case of any interrupting event that may weaken Interbank’s operations, as well as improve its recovery abilities. The management of operational risk by Interbank uses the Basel standards as base and is part of our digital transformation process in a manner that we believe to be sustainable, streamlined, and straightforward. Insurance Segment Interseguro has the following risk management objectives: •protect shareholder value by monitoring that exposure to probable losses does not exceed approved limits; •protect policyholders so that their rights will not be affected by losses that exceed the value of Interseguro’s equity; •support the decision-making processes in Interseguro, by providing consistent, reliable and timely risk information; and •promote a successful company culture of risk awareness and informed risk-taking. To this end, Interseguro uses tools and methodologies to identify and manage risk efficiently, incorporating analytics into its decision-making process. 221 Main Types of Risks The main risks faced by Interseguro are insurance risk, credit risk, market risk, liquidity risk, real estate risk and operational risk. Other risks include interest rate risk and foreign exchange risk. Insurance Risk As an insurance company, Interseguro is exposed to the risk that the assumptions it employs to price a particular insurance policy, such as the frequency of losses or the severity of losses may be incorrect. Flaws in these assumptions may lead to premium mispricing and the miscalculation of the amount of funds necessary to cover such insurance policy. Particularly, upon the sale of an annuity, Interseguro records a reserve that is calculated on the basis of a market discount rate and mortality data. Credit Risk Interseguro holds a large portfolio of debt investments and fixed income securities and is therefore exposed to the risk that the issuer may default on its interest or principal payments. This risk is mitigated through a three-step process. Initially, regulations established by the SBS (1) limit the types of investments Interseguro can make, (2) set minimum credit ratings that securities must have, and (3) limit Interseguro’s investments with respect to a single issuer. Secondly, Interseguro performs a careful analysis on the securities it purchases. Finally, Interseguro’s investment committee, which is comprised of both internal and independent members of its board of directors, is responsible for approving any new investment and periodically reviews Interseguro’s investment portfolio. Market Risk Interseguro is exposed to the risk that the value of its investments decreases due to changing market conditions. Market risk drivers include equity prices, interest rates and real estate prices. Interseguro manages this risk by setting limits on individual issuer concentration, on type and liquidity of assets and on deviations from the terms of the technical liabilities they should cover. The risk management unit regularly assesses market risk to verify its alignment to Interseguro’s risk appetite. This assessment includes VaR analysis, contribution and sensitivity analysis of each risk driver and stress tests in different extreme scenarios. The VaR analysis is a statistical measurement that quantifies the maximum loss expected for the investment portfolio for a period of time and a determined significance level under normal market conditions. For VaR calculation Interseguro uses a historical simulation model, with a 10-day period of time and a 99% significance level. The VaR is calculated for the entire market portfolio, and for market risk factors, such as interest rate, equity price and foreign exchange. The validity of the VaR calculation is proven through back-testing, which uses historical data to ensure that the model adequately estimates the potential losses. Additionally, Interseguro employs sensitivity analysis to show potential portfolio losses derived from price, foreign currency and interest rate fluctuations. As of December 31, 2025, December 31, 2024 and December 31, 2023, Interseguro’s VaR calculated for its investment portfolio, classified by type of risk, was as follows: December 31, 2025 December 31, 2024 December 31, 2023 Change (S/ in millions) Dec 25 / Dec 24 Dec 24 / Dec 23 By type of risk Exchange rate 0.7 (1.4 ) 8.0 2.2 (9.4 ) Interest rate 625.5 600.5 596.8 25.0 3.7 Price 47.2 34.6 38.7 12.7 (4.1 ) Diversification effect (47.9 ) (33.0 ) (37.9 ) (14.9 ) 5.0 Total 625.6 600.6 605.5 24.9 (4.9 ) Between December 31, 2024 and December 31, 2025, the value of Interseguro’s investment portfolio in financial instruments increased by more than S/881.6 million. The VaR increased mainly due to the presence of more financial instruments in the portfolio compared to 2024. Between December 31, 2023 and December 31, 2024, the value of Interseguro’s investment portfolio in financial instruments increased by more than S/891.5 million. Although the portfolio grew, the VaR decreased mainly due to the absence of high-risk instruments in the portfolio compared to 2023. 222 For the periods presented Interseguro did not have back-testing exceptions. Interest Rate Risk The following tables set forth all the assets and liabilities that are sensitive to interest rate movements. In addition to fixed income investments, Interseguro has almost no interest-bearing assets or liabilities. Consequently, the interest rate risk of Interseguro is already incorporated into the market risk of the portfolio. Repricing Gap at December 31, 2025 1 - Month 1-3 Months 3 Months - 1 Year 1 Year – 3 Years 3 Years – 5 Years Over 5 Years Past-due loans / Equities Insurance (S/ in millions) Interest earning assets Cash and due from banks 315.2 — — — — — — 315.2 Instruments measured at fair value through other comprehensive income. 31.6 24.6 203.0 569.8 1,101.6 11,467.2 554.2 13,952.1 Investments at amortized cost — — — — 25.9 — — 25.9 Other assets 9.9 76.2 34.0 48.8 2.2 (9.5 ) — 161.6 Total interest earning assets 356.7 100.8 237.0 618.6 1,129.7 11,457.7 554.2 14,454.8 Interest bearing liabilities Due to banks and correspondents 120.5 — — — — — — 120.5 Bonds, notes and other obligations 2.7 — — — — 340.0 — 342.7 Insurance contract liabilities 48.9 135.4 445.2 1,192.4 1,271.3 9,658.2 173.0 12,924.5 Other liabilities 41.2 54.8 11.8 4.2 — 2,117.5 — 2,229.6 Total interest bearing liabilities 213.3 190.2 457.1 1,196.6 1,271.3 12,115.7 173.0 15,617.2 Marginal gap 143.4 (89.4 ) (220.0 ) (578.0 ) (141.6 ) (657.9 ) 381.2 (1,162.4 ) Accumulated gap 143.4 54.1 (166.0 ) (744.0 ) (885.6 ) (1,543.5 ) (1,162.4 ) — Repricing Gap at December 31, 2024 1 - Month 1-3 Months 3 Months - 1 Year 1 Year – 3 Years 3 Years – 5 Years Over 5 Years Past-due loans / Equities Insurance (S/ in millions) Interest earning assets Cash and due from banks 144.6 — — — — — — 144.6 Instruments measured at fair value through other comprehensive income. 30.4 22.9 231.1 710.0 1,054.8 10,775.5 443.1 13,268.0 Investments at amortized cost — — — — 24.8 — — 24.8 Other assets 99.3 69.1 17.9 1.8 43.4 (6.7 ) — 224.8 Total interest earning assets 274.4 92.1 249.0 711.8 1,123.1 10,768.8 443.1 13,662.3 Interest bearing liabilities Due to banks and correspondents 301.1 — — — — — — 301.1 Bonds, notes and other obligations 1.9 — — — — 333.1 — 335.0 Insurance contract liabilities 47.9 99.7 465.0 1,241.5 1,245.2 9,203.6 82.7 12,385.5 Other liabilities 148.1 28.6 12.2 12.4 — 1,294.3 — 1,495.6 Total interest bearing liabilities 499.1 128.4 477.2 1,253.9 1,245.2 10,831.0 82.7 14,517.3 Marginal gap (224.7 ) (36.3 ) (228.1 ) (542.0 ) (122.1 ) (62.2 ) 360.4 (855.0 ) Accumulated gap (224.7 ) (261.0 ) (489.1 ) (1,031.2 ) (1,153.3 ) (1,215.4 ) (855.0 ) — Foreign Exchange Risk Interseguro has mainly assets and liabilities denominated in U.S. dollars. Interseguro manages its foreign exchange rate exposure by matching assets and liabilities by currency. 223 Liquidity Risk Interseguro controls its liquidity needs in the short, medium and long-term with the application of Asset Adequacy Tests. In simple terms, these are exercises in which the projected flows of the contracted annuities and insurance policies, are compared with the cash flows of the assets allocated for their coverage, and the present value of the surpluses, dynamically calculated, represents the level of liquidity adequacy of Interseguro. Real Estate Risk There are two sources of real estate risk. The first is related to the real estate market, which includes property values and lease demand. The second is the possibility of default on leases. Interseguro manages the risk associated with its real estate market by adapting its current offer and future projects to the new conditions that arises. Interseguro periodically evaluates the financial position of prospective and current tenants to reduce the risk of losing rental income. Operational Risk Operational risk is defined as the possibility of losses due to inadequate processes, faulty personnel, information technology, or external events. To manage these risks, Interseguro uses tools for identification, evaluation and treatment of risks similar to the tools used by banks to comply with Basel II. The goals of these risk management tools may be summarized as follows: •reduce operational losses by identifying potential process risks; •identify operational risk in the development of new products; •manage control risk and self-assessment of critical processes; and •monitor and measure operational risk. Wealth Management Segment Inteligo’s risk management policies are guided by an emphasis on maintaining growth that is both sustainable, profitable and aligned to adequate levels of risk. In order to accomplish this, Inteligo has developed analytic tools and methodologies aiming to identify and manage risk efficiently. Inteligo monitors and reviews these tools to ensure that adequate levels of prediction and performance are maintained and, if necessary, to make adjustments or take corrective measures. In order to manage the above risks, Inteligo has a specialized risk management structure, measurement systems and mitigation and coverage processes. Inteligo uses different key risk indicators (“KRI”) to measure its exposure to risk factors. These KRI are monitored on an ongoing basis and reviewed monthly by senior management and quarterly by the Integral Risk Management Committee and the board of directors to identify possible deviations from the stipulated risk appetite and apply timely corrective actions if needed. Both credit and market risk are the main risks to be managed by Inteligo and, in order to mitigate its exposure and provide adequate risk coverage, it has established the following measures, among others: •policies, procedures, methodologies, and parameters aimed to identify, measure, control and report market and credit risk; •review and assessment of credit risk through a specialized risk department which is independent from the commercial unit and which assesses all credit risks prior to loan approvals; •compliance with regulatory limits and establishment of internal limits for concentration exposure to counterparties and financial instruments, such as concentration to industry, issuer, credit rating and type of investment; and •procedures for the management of loan guarantees. 224 Through these measures, Inteligo establishes the patterns and mechanisms needed to maintain a diversified portfolio and prevent excessive risk concentration. Main Types of Risks The main risks faced by Inteligo are credit risk, market risk, interest rate risk, foreign exchange risk, liquidity risk and operational risk. Credit Risk In our wealth management segment, only Inteligo Bank is exposed to credit risk. The substantial majority of loans we make are fully collateralized by time deposits or investment securities. Nevertheless, we have implemented strict credit risk management policies, which have contributed to a minimum level of non-performing loans. As of December 31, 2025, only 0.01% of its loan portfolio was classified as non-performing loans. The following table presents the approval levels required for loan applications by total exposure amount in U.S. dollars. Approval levels Amount Board of Directors Over U.S.$ 20,000,000 Executive Committee Up to U.S.$ 20,000,000 Credit Committee Up to U.S.$ 15,000,000 Chief Executive Officer Up to U.S.$ 5,000,000 Chief Operating Officer Up to U.S.$ 1,500,000 Operations Manager Up to U.S.$ 500,000 Credit approval is determined by the applicant’s repayment ability, which is determined primarily by the applicant’s credit history and cash flow generation for commercial loans or monthly net profit for retail loans. The decision whether or not to approve an extension of credit takes into account the applicant’s economic environment, its ability to meet its obligations, collateral, management and character. We developed a credit risk scorecard system, which classifies applicants based on several variables such as leverage ratio, debt service as a percentage of monthly income and collateral quality, among others. The Risk Unit is responsible for periodical monitoring of our credit portfolio and early detection of possible deviations in the credit performance and financial condition of clients in order to maintain a healthy loan portfolio and take timely and necessary actions to reduce or avoid losses. To this end, the Risk Unit reviews Inteligo Bank’s loan portfolio on a monthly basis and calculates an expected credit loss according to internal models. Additionally, it is responsible for the regulatory classification of all bank customers and appropriate allocation of reserves. Although Inteligo Bank has a recovery process for the collection of unpaid loans, there have been very few cases of non-performing or defaulted loans. Market Risk Market risk is the probability of loss due to variations in financial market conditions. The main variations to which Inteligo is exposed to are: (i) interest rates and (ii) market pricing of financial instruments. Said variations can affect the value of Inteligo’s financial assets and liabilities. Exchange rate risk is minimal because of the small exposure to other currencies. Inteligo Investment Portfolio In order to monitor the risks within each instrument of its investment portfolio, Inteligo has established maximum exposure limits by individual issuer, investment type and currency that are calculated on a monthly basis. The main technique used to measure and control market risk is VaR, which is a statistical measurement that quantifies the maximum loss expected for the investment portfolio for a period of time and a determined significance level under normal market conditions. Inteligo uses the historic VaR model for a period of one month with a 99% confidence level. The VaR is calculated for each risk factor (price, interest rate and exchange rate) and investment type (fixed income, equity and alternative investments). Additionally, Inteligo calculates the marginal contribution to VaR of each instrument in the portfolio. The validity of the VaR calculation is verified through a back-testing methodology, which uses historical data to ensure that the model adequately estimates potential losses. Inteligo has also developed a sensitivity analysis to show potential portfolio losses from price variations in its investment portfolio or interest rates fluctuations. 225 The primary source of Inteligo’s market risk is Inteligo Bank’s investment portfolio, as it represents over 95% of Inteligo’s VaR results. As of December 31, 2025, December 31, 2024 and December 31, 2023, Inteligo’s VaR, classified by type of risk was as follows: December 31, 2025 December 31, 2024 December 31, 2023 Change By type of risk (S/ in millions) Dec 25 / Dec 24 Dec 24 / Dec 23 Exchange rate 0.2 1.1 3.5 (0.9 ) (2.4 ) Interest rate (7.3 ) 9.9 12.7 (17.2 ) (2.8 ) Price 133.6 39.6 70.5 93.9 (30.8 ) Diversification effect (0.2 ) (0.2 ) (0.6 ) 0.0 0.4 Total 126.2 50.4 86.1 75.9 (35.7 ) Inteligo’s VaR increased S/75.9 million as of December 31, 2025, mainly due to a sharp increase in market volatility driven by the trade war that impacted global markets, when compared to December 31, 2024. Inteligo’s VaR decreased S/35.7 million as of December 31, 2024, mainly due to better stock market conditions led by a resilient economy and easing inflation, which resulted in a significant reduction in the price risk VaR, when compared to December 31, 2023. For the periods presented Inteligo did not have back-testing exceptions. Assets and Liabilities Management Inteligo holds positions that are not actively traded, including its loan portfolio, customer deposits, and bank loans. These positions are also exposed to interest rate risk, exchange rate risk and liquidity risk. Interest Rate Risk Interest rates continuously fluctuate on the market. These fluctuations affect Inteligo in two ways: firstly, through the change in the valuation of assets and liabilities; and secondly, affecting the cash flows at repricing dates. The variation in the valuation of assets and liabilities is increasingly sensitive as the term at which the asset or liability repricing increases. An analysis of the repricing gaps is performed in order to determine the impact of interest rates movements. Said analysis consists of classifying all the interest earning assets and interest bearing liabilities in several time ranges according of their repricing date. The impact of the variation in the valuation of assets and liabilities on each range (the repricing gap) is calculated in function of this analysis. 226 The following tables summarize Inteligo’s exposure to interest rate risks. Inteligo’s financial instruments are presented at book value, classified by the period of the contract’s interest rate repricing or maturity date, whichever occurs first: Repricing Gap at December 31, 2025 Up to 1 month From 1 to 3 months From 3 Months - 1 Year From 1 Year - 3 Years From 3 Years - 5 Years Over 5 Years Past-due loan/ Equities Wealth Management (S/ in millions) Interest earning assets Cash and due from banks 310.2 — — — — — — 310.2 Instruments measured at fair value through other comprehensive income. 7.7 9.8 55.6 176.6 186.1 302.1 — 737.9 Loans, net of unearned interest 76.8 129.3 419.1 617.7 254.3 2.0 — 1,499.2 Other assets — — 3.3 — — — — 3.3 Total interest earning assets 394.7 139.1 478.0 794.3 440.4 304.1 — 2,550.5 Interest bearing liabilities Deposits and obligations and deposits from financial entities 271.9 415.8 1,034.9 177.4 — — — 1,899.9 Due to banks and correspondents 82.5 — 232.7 — — — — 315.1 Other liabilities 0.4 0.6 6.9 — — — 62.4 70.4 354.8 416.4 1,274.5 177.4 — — 62.4 2,285.4 Marginal gap 39.9 (277.3 ) (796.5 ) 616.9 440.4 304.1 (62.4 ) 265.1 Accumulated gap 39.9 (237.4 ) (1,033.9 ) (417.0 ) 23.4 327.5 265.1 — Repricing Gap at December 31, 2024 Up to 1 month From 1 to 3 months From 3 Months - 1 Year From 1 Year - 3 Years From 3 Years - 5 Years Over 5 Years Past-due loan/ Equities Wealth Management (S/ in millions) Interest earning assets Cash and due from banks 407.5 17.9 — — — — — 425.4 Instruments measured at fair value through other comprehensive income. 3.4 6.0 40.4 176.5 227.2 273.0 13.0 739.5 Loans, net of unearned interest 133.1 122.2 1,045.2 283.3 35.6 3.2 — 1,622.5 Other assets — — — 12.3 — — — 12.3 Total interest earning assets 544.0 146.1 1,085.6 472.1 262.8 276.2 13.0 2,799.8 Interest bearing liabilities Deposits and obligations and deposits from financial entities 251.3 437.3 1,275.1 119.3 — — — 2,082.9 Due to banks and correspondents 265.8 — — — — — — 265.8 Other liabilities 0.3 0.4 6.4 — — — 69.7 76.8 517.4 437.6 1,281.5 119.3 — — 69.7 2,425.5 Marginal gap 26.6 (291.5 ) (195.9 ) 352.9 262.8 276.2 (56.7 ) 374.3 Accumulated gap 26.6 (265.0 ) (460.9 ) (108.0 ) 154.8 431.0 374.3 — Foreign Exchange Risk Exchange rate risk is related to the variation of the positions both on- and off-balance sheet that may be negatively affected by exchange rates movements. Inteligo Bank’s main business is performed in U.S. dollars, its functional currency. Management sets a limit to exposure levels in other currencies and monitors it monthly. Inteligo SAB uses both soles and U.S. dollars in its trading operations and maintains positions in both currencies. Interfondos manages mutual funds in both soles and U.S. dollars. 227 Liquidity Risk Liquidity risk consists of Inteligo’s inability to comply with the maturity of its obligations, thus incurring losses that affect its equity position. This risk may arise as result of diverse events such as the unexpected decrease of funding sources or the inability to rapidly settle assets, among others. Although Inteligo takes short-term deposits, most of the deposits have historically been renewed or maintained, and consequently they represent a stable funding source. Additionally, the average loan term is less than a year and more than a half of the investment portfolio can be easily liquidated, so liquidity risk is low. Nevertheless, Inteligo assesses medium-term and long-term liquidity through a structural analysis of its funds inflows and outflows on diverse maturity terms. This process allows it to know the diverse funding sources, how liquidity needs to be increased, and which terms are mismatched. On the basis of this information, the necessary decisions to maintain adequate liquidity levels are taken. Inteligo Bank’s financial assets include unlisted equity investments, which generally are illiquid. In addition, Inteligo Bank holds investments in closed (unlisted) and open-ended investment funds, which may be subject to redemption restrictions such as “side pockets” and redemption limits. As a result, Inteligo Bank may not be able to settle some of its investments in these instruments in due time in order to meet its liquidity requirements. Operational Risk Inteligo manages operational risk through its risk unit, guided by banking best-practices, including Basel II policies. The objectives of the operational risk management are to: •reduce operational losses by identifying potential process risks; •identify operational risk in the development of new products; and •manage control risk and self-assess critical processes; •monitor and measure operational risk. Inteligo’s methodology is based on two tools for identifying and measuring risks that calculate the exposure level and facilitates decision-making to mitigate exposures within certain limits of risk tolerance. These tools are risks and controls self-assessment, and collection of loss event. Inteligo Bank uses the Standardized Approach for operational risk management under Basel III, according to the Central Bank of The Bahamas’ regulation. In recent years, Inteligo launched several initiatives to strengthen the risk culture among the employees.