<SEC-DOCUMENT>0001140361-26-026238.txt : 20260624
<SEC-HEADER>0001140361-26-026238.hdr.sgml : 20260624
<ACCEPTANCE-DATETIME>20260624160113
ACCESSION NUMBER:		0001140361-26-026238
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20260624
FILED AS OF DATE:		20260624
DATE AS OF CHANGE:		20260624

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CREDICORP LTD
		CENTRAL INDEX KEY:			0001001290
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14014
		FILM NUMBER:		261115818

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		CLARENDON HOUSE, 2 CHURCH STREET
		STREET 2:		P.O. BOX HM 666,
		CITY:			HAMILTON
		PROVINCE COUNTRY:   	D0
		ZIP:			HM CX
		BUSINESS PHONE:		5113135140

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		CLARENDON HOUSE, 2 CHURCH STREET
		STREET 2:		P.O. BOX HM 666,
		CITY:			HAMILTON
		PROVINCE COUNTRY:   	D0
		ZIP:			HM CX
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ef20076669_6k.htm
<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Report of Foreign Private Issuer</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Pursuant to Rule 13a-16 or 15d-16 under the</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Securities Exchange Act of 1934</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">For the month of June 2026</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Commission File Number: 001-14014</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">CREDICORP LTD.</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">(Translation of registrant&#8217;s name into English)</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Of our subsidiary</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Banco de Credito del Peru:</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Calle Centenario 156</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">La Molina 15026</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">Lima, Peru</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">(Address of principal executive office)</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt;">Form 20-F &#9746; Form 40-F &#9744;</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;
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    <div style="font-size: 10pt;"> <img src="image00003.jpg"></div>
    <div style="text-align: justify; font-size: 10pt;"> <br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">June 24, 2026</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">Securities and Exchange Commission - SEC</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">Re.: MATERIAL EVENT</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">Dear Sirs:</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">We hereby notify you as a Material Event that on June 23, 2026, Fitch Ratings released an update of Credicorp Ltd.&#8217;s (Credicorp) credit rating report. The update further elaborates on the rating action
      announced on June 8, 2026, in which Fitch upgraded Credicorp&#8217;s Long-Term Foreign Currency rating at &#8220;BBB+&#8221; with stable Outlook, and the Short-Term IDR was affirmed.</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">The information contained in this Form 6&#8209;K regarding the rating of Fitch Ratings has been disclosed in Peru in accordance with applicable Peruvian regulations (Article 30 of the Securities Market Law,
      approved by Supreme Decree No. 020&#8209;2023&#8209;EF, and the Regulation on Disclosure of Material Events and Reserved Information approved by Resolution No. 005&#8209;2014&#8209;SMV/01 of the Peruvian Securities Market Superintendency). The credit ratings assigned by
      Fitch Ratings reflect its opinion on Credicorp&#8217;s creditworthiness and do not necessarily represent the opinion of Credicorp. Such ratings should not be construed as a recommendation to purchase, hold, or sell Credicorp&#8217;s shares or any other
      securities. Credicorp does not accept any responsibility for the accuracy, completeness, timeliness, or selection of the information contained in such ratings.</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">The information in this Form 6-K (including any <a href="ef20076669_ex99-1.htm">exhibit</a> hereto) shall not be
      deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of 1934 (the &#8216;Exchange Act&#8217;) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of
      1933 or the Exchange Act.</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">Sincerely,</div>
    <div style="font-size: 10pt;"><br>
    </div>
    <div style="text-align: justify; font-size: 10pt;">/s/ <u>Milagros Cig&#252;e&#241;as</u></div>
    <div style="text-align: justify; font-size: 10pt;">Authorized Representative</div>
    <div style="text-align: justify; font-size: 10pt;">Credicorp Ltd.</div>
    <div style="font-size: 10pt;"><br>
    </div>
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    <div style="text-align: center; color: rgb(0, 0, 0); font-size: 10pt; font-weight: bold;">SIGNATURE</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-indent: 29.7pt; color: rgb(0, 0, 0); font-size: 10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
      authorized.</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
    <div style="text-indent: 29.7pt; color: rgb(0, 0, 0); font-size: 10pt;">Date: June 24, 2026</div>
    <div style="color: rgb(0, 0, 0); font-size: 10pt;">&#160;</div>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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            <div style="color: rgb(0, 0, 0); font-size: 10pt;">CREDICORP LTD.</div>
          </td>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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          <td style="vertical-align: top;" colspan="2" rowspan="1">
            <div style="color: rgb(0, 0, 0); font-size: 10pt;">(Registrant)</div>
          </td>
          <td style="width: 11.69%; vertical-align: top; font-size: 10pt;" rowspan="1">&#160;</td>
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          <td style="width: 49.62%; vertical-align: top; font-size: 10pt;">
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            <div style="color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 33%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-size: 10pt;">
            <div style="color: rgb(0, 0, 0);">/s/ Milagros Cig&#252;e&#241;as</div>
          </td>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 33%; vertical-align: top; font-size: 10pt;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Milagros Cig&#252;e&#241;as</div>
          </td>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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            <div style="color: rgb(0, 0, 0);">&#160;</div>
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          <td style="width: 33%; vertical-align: top; font-size: 10pt;">
            <div style="color: rgb(0, 0, 0); font-weight: bold;">Authorized Representative</div>
          </td>
          <td style="width: 11.69%; vertical-align: top; font-size: 10pt;">
            <div style="color: rgb(0, 0, 0);">&#160;</div>
          </td>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20076669_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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        <div style="text-align: right;"><font style="font-weight: bold; color: rgb(0, 0, 0);">Exhibit 99.1</font></div>
      </div>
      <div style="margin-top: 1.65pt;"><br>
      </div>
      <div style="margin-top: 1.65pt;"> <font style="font-weight: normal;">  </font>
        <table cellspacing="0" cellpadding="0" border="0" id="z369748ad347547468f4efa8626ad367c" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

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                <div>
                  <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                  <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                    <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                    <font style="font-weight: normal;"> </font>
                    <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                      <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                    </div>
                    <font style="font-weight: normal;"> </font></div>
                  <font style="font-weight: normal;"> </font></div>
                <font style="font-weight: normal;"> </font></td>
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      <div style="color: rgb(51, 51, 51); font-size: 18pt; font-weight: bold;">Credicorp Ltd.</div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;"> <br>
      </div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Key Rating Drivers</div>
      <div style="text-align: justify; margin-top: 11.9pt; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">IDRs Driven by Those of Main Subsidiary: </font>Credicorp Ltd.&#8217;s Issuer Default Ratings (IDRs) were upgraded to &#8216;BBB+&#8217;
        from &#8216;BBB&#8217;, as they are driven primarily by the IDRs of its main subsidiary, Banco de Cr&#233;dito del Per&#250; (BCP; BBB+/Stable), which has a strong business and financial profile. Credicorp&#8217;s Foreign-Currency, Long-Term IDR of &#8216;BBB+&#8217; with a Stable
        Outlook is equalized with BCP&#8217;s rating, mainly due to Credicorp&#8217;s low double leverage and strong liquidity management.</div>
      <div style="margin-top: 1.15pt;"><br>
      </div>
      <div style="text-align: justify; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">Largest Peruvian Financial Holding Company: </font>Credicorp is the largest financial holding company in Peru. While domiciled in Bermuda
        for strategic reasons, the group operates primarily through its main subsidiaries, including BCP, the largest bank in Peru, Banco de Cr&#233;dito de Bolivia, Grupo Pac&#237;fico, Prima AFP, Atlantic Security Bank, Credicorp Capital, and Mibanco in Peru and
        Colombia. The group maintains leading positions across banking, insurance, pensions, wealth and asset management, and microfinance, which support earnings diversification and franchise strength.</div>
      <div style="margin-top: 1.2pt;"><br>
      </div>
      <div style="text-align: justify; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">Strong Corporate Strategy: </font>Credicorp is a non-operating holding company with an integrated business platform that includes leading
        banking, insurance, pension, asset and wealth management, and microfinance franchises in Peru and other selected markets in the region. Fitch Ratings views the group&#8217;s strategy as supportive of its business profile, given its focus on financial
        inclusion, risk and capital discipline, digital transformation, and operational execution across its core and disruptive businesses. The strategy focuses on prioritizing leading market positions in an under-penetrated region with clear growth
        avenues, scaling an integrated digital ecosystem, unlocking synergies by leveraging shared capabilities across the ecosystem, and delivering strong, resilient results across economic cycles.</div>
      <div style="margin-top: 1.1pt;"><br>
      </div>
      <div style="text-align: justify; margin-top: 0.05pt; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">Low Double Leverage: </font>Credicorp&#8217;s double leverage remained low at 99.6% at YE 2025, compared with 99.2% in 2024.
        This was consistently well below the threshold of 120% at which Fitch would typically start to notch down a bank holding company&#8217;s ratings. Fitch does not expect double leverage to change materially over the rating horizon. Debt incurred at the
        holding company level was maintained as a conservative liquidity backstop for use during periods of stress, particularly during the pandemic. However, the senior debt has already matured, and there has been no need to refinance or replace it.</div>
      <div style="margin-top: 1.15pt;"><br>
      </div>
      <div style="text-align: justify; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">Strong Liquidity Management: </font>Credicorp&#8217;s liquidity management is prudent, supported by good access to capital markets and a
        diversified mix of funding and liquidity sources. The group continues to benefit from a structurally efficient low-cost funding base and an improved funding mix, while more expensive funding sources declined, aside from a subordinated bond issuance
        at BCP.</div>
      <div style="margin-top: 1.2pt;"><br>
      </div>
      <div style="text-align: justify; color: rgb(51, 51, 51); font-size: 7.5pt;"><font style="font-weight: bold;">Capital Fungibility: </font>Credicorp&#8217;s financial flexibility at the holding company level is supported by recurring up-streaming of excess
        capital from its operating subsidiaries. Excess capital is typically transferred to the holding company in March, after which Credicorp may propose an ordinary dividend, with the potential for an extraordinary dividend, depending on business
        conditions. In Fitch&#8217;s view, the group&#8217;s diversified earnings base across banking, microfinance, insurance, pensions, asset management and digital businesses supports internal capital generation and enhances the holding company&#8217;s capacity to meet
        its financial commitments. However, the extent of upstream distributions remains linked to the performance, capitalization and regulatory requirements of its main subsidiaries.</div>
      <div style="margin-top: 1.15pt;"><br>
      </div>
      <div style="text-align: justify; font-size: 7.5pt;"><font style="font-weight: bold; color: rgb(51, 51, 51);">Consistent Subsidiary Performance: </font>Credicorp&#8217;s capital structure benefits from the strong and consistent performance of its core
        subsidiaries, particularly BCP, which remains the group&#8217;s main earnings generator and a key source of financial flexibility. In 2025, BCP&#8217;s <font style="color: rgb(51, 51, 51);">operating profit-to-risk-weighted asset (RWA) ratio improved to 5.19%
          at YE 2025 from 4.32% at YE 2024, mainly driven by a stronger financial margin and lower credit costs, supported by improved asset quality. Fitch expects BCP&#8217;s profitability to remain strong, although it could decline slightly from its
          exceptionally strong level in 2025 due to margin compression, somewhat higher credit costs, external risks and the bank&#8217;s planned growth in riskier but more profitable retail segments.</font></div>
      <div style="margin-top: 2.35pt;"><br>
      </div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Rating Sensitivities</div>
      <div style="margin-top: 10.3pt; color: rgb(51, 51, 51); font-weight: bold;">Factors that Could, Individually or Collectively, Lead to Negative Rating Action/Downgrade</div>
      <div style="text-align: justify; margin-top: 11.6pt; color: rgb(51, 51, 51); font-size: 7.5pt;">Credicorp&#8217;s IDRs are at the same level as BCP&#8217;s, and would move in tandem with any rating action on its main operating subsidiary. However, Fitch could
        also downgrade Credicorp&#8217;s ratings (separately from any action on BCP) if there is a material and sustained increase of its double leverage metrics (above 1.2x) and if there is a material weakening of the holding company&#8217;s liquidity position and
        management.</div>
      <div style="text-align: justify; margin-top: 8.9pt; color: rgb(51, 51, 51); font-size: 7.5pt;">A change in the dividend flows from the operating companies or debt levels at the holding company that affects its debt coverage ratio could also be
        detrimental to Credicorp&#8217;s ratings.</div>
      <div style="color: rgb(51, 51, 51); font-size: 7.5pt; text-align: justify;"> <br>
      </div>
      <div style="margin-top: 8.9pt;">
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            <tr>
              <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
              </td>
              <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">1</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div>
            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                            </div>
                          </div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div style="margin-top: 4.5pt; color: rgb(51, 51, 51); font-weight: bold;">Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade</div>
      <div style="margin-top: 11.55pt; color: rgb(51, 51, 51); font-size: 7.5pt;">Credicorp Ltd.&#8217;s ratings would move in tandem with positive rating actions on its main operating subsidiary, BCP.</div>
      <div style="color: rgb(51, 51, 51); font-size: 7.5pt;"> <br>
      </div>
      <div style="color: rgb(51, 51, 51); font-size: 7.5pt;"> </div>
      <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
        <div style="width: 100%;" class="BRPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

              <tr>
                <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                  <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
                </td>
                <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                  <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">2</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div>
            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                            </div>
                          </div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zcfa9566a4ade4bab89106065e0d21f5e">

          <tr>
            <td style="width: 35.82%; vertical-align: top;">
              <div style="margin-top: 0.1pt; color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Financials</div>
            </td>
            <td colspan="4" rowspan="2" style="width: 64.18%; vertical-align: top;"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top;">
              <div style="margin-top: 7.35pt; color: rgb(51, 51, 51); font-size: 8pt; font-weight: bold;">Financial Statements</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2023</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2024</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2025</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Mar. 31, 2026</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">12 months</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">12 months</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">12 months</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">1st quarter</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">(PEN mil.)</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">(PEN mil.)</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">(PEN mil.)</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">(PEN mil.)</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Summary income statement</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net interest and dividend income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">12,938</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">14,115</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">14,716</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,963</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net fees and commissions</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,805</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,052</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,200</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1,149</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other operating income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,065</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,338</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,252</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1,130</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total operating income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">19,808</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">21,505</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">23,168</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6,242</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Operating costs</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">9,263</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">10,196</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">10,799</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,841</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Pre-impairment operating profit</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">10,545</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">11,309</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">12,369</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,401</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Loan and other impairment charges</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,627</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,547</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,460</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">482</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Operating profit</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6,919</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,762</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">9,909</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,919</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other non-operating items (net)</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-70</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">63</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">39</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Tax</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1,888</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,201</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,865</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">809</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,960</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">5,623</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,083</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,110</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other comprehensive income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">582</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-77</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">342</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Fitch comprehensive income</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">5,542</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">5,546</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,425</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2,110</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Summary balance sheet</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Assets</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Gross loans</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">144,976</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">145,732</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">149,985</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">152,825</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">&#8211; of which impaired</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,674</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4,384</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">8,882</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6,524</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Loan loss allowances</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">8,278</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,995</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,670</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,425</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net loans</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">136,698</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">137,737</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">142,315</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">145,399</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Interbank</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3,622</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">40,120</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">41,395</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">42,980</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Derivatives</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">988</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">905</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1,232</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other securities and earning assets</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">56,015</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">57,659</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">56,767</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">61,634</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total earning assets</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">197,323</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">236,421</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">241,709</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">250,013</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Cash and due from banks</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">30,309</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,535</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,650</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">7,709</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other assets</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">11,208</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">12,132</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">18,004</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">20,793</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total assets</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">238,840</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">256,089</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">267,363</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">278,514</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Liabilities</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Customer deposits</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">146,510</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">160,741</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">169,420</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">178,628</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Interbank and other short-term funding</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">17,724</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">16,436</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">15,611</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">5,872</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other long-term funding</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">21,155</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">21,901</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">19,371</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">26,416</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Trading liabilities and derivatives</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">892</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">820</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1,048</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total funding and derivatives</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">186,281</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">199,897</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">205,450</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">210,916</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Other liabilities</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">19,452</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">21,215</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">22,816</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">26,949</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top;">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Preference shares and hybrid capital</div>
            </td>
            <td style="width: 24.34%; vertical-align: top;">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.69%; vertical-align: top;">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.67%; vertical-align: top;">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.49%; vertical-align: top;">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z57ad58a812754264915c100dfabe1f17">

          <tr>
            <td style="width: 35.82%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total equity</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">33,107</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">34,977</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">39,096</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">40,648</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Total liabilities and equity</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">238,840</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">256,089</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">267,363</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">278,514</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Exchange rate</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">USD1= </div>
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">PEN3.7260</div>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">USD1=</div>
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;"> PEN3.7340</div>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">USD1=</div>
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;"> PEN3.3600</div>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">USD1= </div>
              <div style="text-align: right; margin-top: 0.5pt; color: rgb(51, 51, 51); font-size: 6pt;">PEN3.4800</div>
            </td>
          </tr>
          <tr>
            <td style="width: 35.82%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 4.05pt; color: rgb(51, 51, 51); font-size: 5pt;">Source: Fitch Ratings, Fitch Solutions, Credicorp</div>
            </td>
            <td style="width: 24.34%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.69%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.67%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.49%; vertical-align: top; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 9pt; margin-bottom: 9pt;" class="BRPFPageBreakArea">
        <div style="width: 100%;" class="BRPFPageFooter">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

              <tr>
                <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                  <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
                </td>
                <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                  <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">3</font></div>
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        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
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            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
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                      </td>
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                </table>
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      <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z9250e667ea0d4743a57ddd4e48bf227b">

          <tr>
            <td colspan="2" style="width: 60.17%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 0.25pt; color: rgb(51, 51, 51); font-size: 8pt; font-weight: bold;">Key Ratios</div>
            </td>
            <td colspan="3" style="width: 39.83%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;"><br>
              </div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2023</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2024</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Dec. 31, 2025</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Mar. 31, 2026</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Ratios (%; annualized as appropriate)</div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Profitability</div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Operating profit/risk-weighted assets</div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net interest income/average earning assets <br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">6.5</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6.5</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6.3</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">6.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Non-interest expense/gross revenue<font class="TRGRRTFtoHTMLTab">&#160; </font><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">47.0</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">47.7</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">46.7</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">45.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net income/average equity</div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">15.9</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">16.6</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">19.4</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">21.5</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Asset quality</div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Impaired loans ratio <br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">3.2</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3.0</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">5.9</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">4.3</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Growth in gross loans</font><font style="font-size: 5.02pt;" class="TRGRRTFtoHTMLTab"> <br>
                </font></div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%; text-align: right;"><font style="font-size: 5.02pt;" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 6pt; color: rgb(51, 51, 51);">-2.5</font></td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">0.5</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2.9</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1.9</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Loan loss allowances/impaired loans <br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">177.1</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">182.4</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">86.4</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">113.8</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Loan impairment charges/average gross loans</div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">2.5</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">2.4</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1.7</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">1.3</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Capitalization</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Common equity Tier 1 ratio</font><font style="font-size: 5.08pt;" class="TRGRRTFtoHTMLTab"> </font><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Fully loaded common equity Tier 1 ratio</div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Fitch Core Capital ratio</font><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Tangible common equity/tangible assets <br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">12.7</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">12.5</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">12.7</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">13.1</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Basel leverage ratio</font><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net impaired loans/common equity Tier 1<font class="TRGRRTFtoHTMLTab"> </font><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%;">
              <div style="text-align: right; color: rgb(51, 51, 51); font-size: 6pt;">-20.2</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-11.6</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">3.5</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-2.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Net impaired loans/Fitch Core Capital<font class="TRGRRTFtoHTMLTab">&#160;&#160;</font></div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%; font-size: 6pt; text-align: right;">-12.1</td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt; font-weight: bold;">Funding and liquidity</div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%;"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Gross loans/customer deposits<font class="TRGRRTFtoHTMLTab"> <br>
                </font></div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%; font-size: 6pt; text-align: right;">99.0</td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">90.7</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">88.5</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">85.6</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Gross loans/customer deposits + covered bonds<font class="TRGRRTFtoHTMLTab">&#160;</font></div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%; text-align: right;"><font style="font-size: 6pt;" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 6pt;">-</font></td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Liquidity coverage ratio</font><font style="font-size: 5.08pt;" class="TRGRRTFtoHTMLTab"><br>
                </font></div>
            </td>
            <td style="border-bottom: 1px solid #000000; vertical-align: bottom; width: 30.08%; text-align: right;"><font style="font-size: 5.08pt;" class="TRGRRTFtoHTMLTab">&#160;</font><font style="color: rgb(51, 51, 51); font-size: 6pt;">-</font></td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">Customer deposits/total non-equity funding<font class="TRGRRTFtoHTMLTab"> <br>
                </font></div>
            </td>
            <td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: bottom; width: 30.08%; font-size: 6pt; text-align: right;">79.0</td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">80.7</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">82.9</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">84.7</div>
            </td>
          </tr>
          <tr>
            <td nowrap="nowrap" style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 3.55pt;"><font style="font-size: 6pt; color: rgb(51, 51, 51);">Net stable funding ratio</font><font style="font-size: 5.08pt;" class="TRGRRTFtoHTMLTab"><br>
                </font></div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;"><font style="font-size: 5.08pt;" class="TRGRRTFtoHTMLTab">&#160;&#160; </font><font style="color: rgb(51, 51, 51); font-size: 6pt;">-</font></td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right; margin-top: 3.55pt; color: rgb(51, 51, 51); font-size: 6pt;">-</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="margin-top: 4.05pt; color: rgb(51, 51, 51); font-size: 5pt;">Source: Fitch Ratings, Fitch Solutions, Credicorp</div>
            </td>
            <td style="width: 30.08%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>
          <tr>
            <td colspan="2" rowspan="1" style="width: 60.17%; vertical-align: top;"><br>
            </td>
            <td rowspan="1" style="width: 13.68%; vertical-align: top;"><br>
            </td>
            <td rowspan="1" style="width: 13.66%; vertical-align: top;"><br>
            </td>
            <td rowspan="1" style="width: 12.48%; vertical-align: top;"><br>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="width: 60.17%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Environmental, Social and Governance Considerations</div>
            </td>
            <td style="width: 13.68%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 13.66%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
            <td style="width: 12.48%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);"><br>
            </td>
          </tr>

      </table>
      <div> <br>
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              <tr>
                <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                  <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
                </td>
                <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                  <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">4</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div>
            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                            </div>
                          </div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <table cellspacing="0" cellpadding="6" border="0" id="zf3554b3c7f4e454ea94e1a52a9520a90" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

          <tr>
            <td style="border-bottom: 1px solid #DFDFDF; width: 55%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">ESG Scoring</div>
            </td>
            <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 2%;"><br>
            </td>
            <td colspan="3" rowspan="1" style="border-bottom: 1px solid #DFDFDF; width: 6%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">Credit-Relevant ESG Scale</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%;">
              <div style="color: rgb(51, 51, 51); font-size: 6.5pt; text-align: left;">ESG relevance scores range from &#8216;1&#8217; to &#8216;5&#8217; based on a 15-level colour gradation. Red (5) is most relevant to the credit rating and green (1) is least relevant.</div>
            </td>
            <td style="width: 2%;"><br>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 6%;">
              <div style="text-align: center;">&#160;<img src="image00010.jpg"></div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 2%;">
              <div>
                <div style="text-align: center; color: rgb(51, 51, 51); font-size: 6.5pt;">5</div>
              </div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 35%;">
              <div style="text-align: left; margin-top: 2.9pt; color: rgb(51, 51, 51); font-size: 6.5pt;">Highly relevant, a key rating driver that hasa significant impact on the rating on an individual basis. Equivalent to &#8216;Higher&#8217;</div>
              <div style="color: rgb(51, 51, 51); font-size: 6.5pt; text-align: left;">relative importance within the Navigator.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">The Environmental (E), Social (S) and Governance (G) tables break out the general and the sector-specific issues that are most relevant to each industry group. Relevance
                scores are assigned to each sector-specific issue, signalling the credit relevance of the sector-specific issues to an issuer&#8217;s overall credit rating. The Reference column highlights the factor(s) within which the corresponding ESG issues
                are captured in Fitch&#8217;s credit analysis.</div>
            </td>
            <td style="width: 2%;">
              <div><br>
              </div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 6%;">
              <div style="text-align: center;">&#160;<img src="image00011.jpg"></div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 2%;">
              <div style="font-size: 6.5pt;">&#160;4 </div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 35%;">
              <div style="text-align: left; margin-top: 3.65pt; color: rgb(51, 51, 51); font-size: 6.5pt;">Relevant to rating, not a key rating driver but has an impact on the rating in</div>
              <div style="text-align: left; margin-top: 0.05pt; color: rgb(51, 51, 51); font-size: 6.5pt;">combination with other factors. Equivalent to &#8216;Moderate&#8217; relative importance within the Navigator.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%;">
              <div style="text-align: left; margin-top: 0.05pt; color: rgb(51, 51, 51); font-size: 6.5pt;">The panels underneath the relevance scores tables are visualisations of the frequency of occurrence of the highest ESG relevance scores across the
                combined E, S and G categories. The Score columns summarise rating relevance and impact to credit from ESG issues. The column on the far left identifies any ESG relevance sub-factor issues that are drivers or potential drivers of an
                issuer&#8217;s credit rating (corresponding with scores of &#8216;3&#8217;, &#8216;4&#8217; or &#8216;5&#8217;). All scores of &#8216;4&#8217; and &#8216;5&#8217; are assumed to reflect a negative impact unless indicated with a &#8216;+&#8217; sign for positive impact.</div>
            </td>
            <td style="width: 2%;"><br>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 6%;">
              <div style="text-align: center;">&#160;<img src="image00012.jpg"></div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 2%;">
              <div style="text-align: center;"><font style="font-size: 6.5pt;">3</font> </div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 35%;">
              <div style="color: rgb(51, 51, 51); font-size: 6.5pt; text-align: justify;">Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to &#8216;Lower&#8217; relative
                importance within the Navigator.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 55%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">Classification of ESG issues has been developed from Fitch&#8217;s sector ratings criteria. The general and sector-specific issues draw on the classification standards
                published by the UN Principles for Responsible Investing, the Sustainability Accounting Standards Board and the World Bank.</div>
            </td>
            <td style="width: 2%;"><br>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 6%;">
              <div style="text-align: center;">&#160;<img src="image00013.jpg"></div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 2%;">
              <div style="text-align: center;"><font style="font-size: 6.5pt;">2</font></div>
            </td>
            <td style="border-bottom: 1px solid #DFDFDF; width: 35%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">Irrelevant to the entity rating but relevant to the sector.</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="border-bottom: 1px solid rgb(223, 223, 223); width: 55%;"><br>
            </td>
            <td rowspan="1" style="border-bottom: 1px solid rgb(223, 223, 223); width: 2%;"><br>
            </td>
            <td rowspan="1" style="border-bottom: 1px solid rgb(223, 223, 223); width: 6%; text-align: center;"><img src="image00014.jpg"></td>
            <td rowspan="1" style="border-bottom: 1px solid rgb(223, 223, 223); width: 2%;">&#160;<font style="font-size: 6.5pt;">1</font></td>
            <td rowspan="1" style="border-bottom: 1px solid #DFDFDF; width: 35%;">
              <div style="text-align: left; color: rgb(51, 51, 51); font-size: 6.5pt;">Irrelevant to the entity rating and irrelevant to the sector.</div>
            </td>
          </tr>

      </table>
      <div>
        <div style="margin-top: 0.25pt;"><br>
        </div>
        <div style="margin-top: 0.25pt;">
          <table cellspacing="0" cellpadding="4" border="0" id="z1b92c90787374d0eb9b2f8c33e584890" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 65%;">
                  <div style="text-align: left; margin-top: 9.55pt; color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Ratings</div>
                </td>
                <td style="width: 35%;"> <br>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%; font-weight: bold;">
                  <div style="color: rgb(51, 51, 51); font-size: 6.5pt; text-align: left;">Foreign Currency</div>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;"><br>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;">
                  <div style="text-align: left; font-size: 6.5pt;">Long-Term IDR</div>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;">
                  <div style="text-align: left; margin-top: 3.65pt; font-size: 6.5pt;">BBB+</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;">
                  <div style="text-align: left; font-size: 6.5pt;">Short-Term IDR</div>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;">
                  <div style="text-align: left; margin-top: 3.65pt; font-size: 6.5pt;">F2</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;"><br>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;"><br>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;">
                  <div style="text-align: left; margin-top: 3.65pt; color: rgb(51, 51, 51); font-size: 6.5pt; font-weight: bold;">Outlooks</div>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;"><br>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;">
                  <div style="text-align: left; font-size: 6.5pt;">Long-Term Foreign-Currency IDR</div>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;">
                  <div style="text-align: left; margin-top: 3.65pt; font-size: 6.5pt;">Stable</div>
                </td>
              </tr>
              <tr>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 65%;"><br>
                </td>
                <td style="border-bottom: 1px solid rgb(223, 223, 223); width: 35%;">
                  <div><br>
                  </div>
                </td>
              </tr>

          </table>
        </div>
        <div style="margin-top: 0.25pt;"><br>
        </div>
      </div>
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              <tr>
                <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                  <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
                </td>
                <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                  <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">5</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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          <div>
            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                            </div>
                          </div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Applicable Criteria</div>
      <div style="margin-top: 4.05pt; color: rgb(26, 106, 180); font-size: 7.5pt;">Bank Rating Criteria (May 2026)</div>
      <div style="margin-top: 0.95pt;"><br>
      </div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Related Research</div>
      <div style="margin-top: 9.65pt; color: rgb(26, 106, 180); font-size: 7.5pt; font-weight: bold;">Fitch Upgrades Banco de Credito del Peru and Credicorp to &#8216;BBB+&#8217;; Outlook Stable (June 2026)</div>
      <div style="margin-top: 5.8pt; color: rgb(26, 106, 180); font-size: 7.5pt;">Latin American Banks Outlook 2026 </div>
      <div style="color: rgb(26, 106, 180); font-size: 7.5pt;">(December 2025)</div>
      <div style="color: rgb(27, 93, 205); font-size: 7.5pt;">Global Banks Mid-Year 2026 Outlook Compendium (June 2026)</div>
      <div style="margin-top: 0.95pt;"><br>
      </div>
      <div style="color: rgb(195, 35, 55); font-size: 10pt; font-weight: bold;">Analysts</div>
      <div style="margin-top: 5.1pt; font-size: 6.5pt;">Larisa Arteaga</div>
      <div style="margin-top: 2.6pt; font-size: 6.5pt;">+52 55 5955 1621</div>
      <div style="margin-top: 1.55pt; color: rgb(26, 106, 180); font-size: 7.5pt;">larisa.arteaga@fitchratings.com</div>
      <div style="margin-top: 3.6pt;"><br>
      </div>
      <div style="font-size: 6.5pt;">Abraham Martinez</div>
      <div style="margin-top: 2.65pt; font-size: 6.5pt;">+56 2 3321 2901</div>
      <div style="margin-top: 1.5pt; color: rgb(26, 106, 180); font-size: 7.5pt;">abraham.martinez@fitchratings.com</div>
      <div style="margin-top: 1.5pt;"><br>
      </div>
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              <tr>
                <td style="border-top: 1px solid #DFDFDF; width: 50%;">
                  <div style="text-align: left; margin-top: 1pt; font-size: 8pt;">Rating Report | 23 June 2026</div>
                </td>
                <td style="border-top: 1px solid #DFDFDF; width: 50%; font-size: 8pt;">
                  <div style="text-align: right; margin-left: 1pt; margin-top: 1pt;">fitchratings.com&#160; <font class="BRPFPageNumber">6</font></div>
                </td>
              </tr>

          </table>
        </div>
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          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        <div style="width: 100%;" class="BRPFPageHeader">
          <div>
            <div style="color: rgb(51, 51, 51); font-size: 7.5pt;">
              <div style="margin-top: 1.65pt;">
                <table cellspacing="0" cellpadding="0" border="0" style="font-family: Arial; font-size: 9pt; color: #000000; width: 100%;">

                    <tr>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;"><img src="image00002.jpg"></td>
                      <td colspan="1" style="width: 50%; text-align: left; vertical-align: top;">
                        <div>
                          <div style="margin-right: 0.9pt; margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold; text-align: right;">Banks</div>
                          <div style="margin-top: 1pt; color: rgb(51, 51, 51); font-weight: bold;">
                            <div style="text-align: right; margin-top: 0.15pt; font-size: 7.5pt; font-weight: normal;">Bank Holding Companies</div>
                            <div style="margin-top: 0.15pt; font-size: 7.5pt;">
                              <div style="text-align: right; margin-right: 0.9pt; margin-top: 0.5pt; color: rgb(195, 35, 55); font-weight: normal;">Bermuda</div>
                            </div>
                          </div>
                        </div>
                      </td>
                    </tr>

                </table>
              </div>
            </div>
          </div>
        </div>
      </div>
      <div style="font-size: 7.5pt;">
        <hr align="center" style="height: 1px; width: 100%; color: #DFDFDF; background-color: #DFDFDF; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="font-size: 7.5pt;"> <br>
      </div>
      <div style="font-size: 7.5pt;">SOLICITATION &amp; PARTICIPATION STATUS</div>
      <div style="text-align: justify; margin-top: 9.25pt; font-size: 7.5pt;">For information on the solicitation status of the ratings included within this report, please refer to the solicitation status shown in the relevant entity&#8217;s summary page of the
        Fitch Ratings website.</div>
      <div style="text-align: justify; margin-top: 8.35pt; font-size: 7.5pt;">For information on the participation status in the rating process of an issuer listed in this report, please refer to the most recent rating action commentary for the relevant
        issuer, available on the Fitch Ratings website.</div>
      <div style="margin-top: 0.55pt;"><br>
      </div>
      <div style="font-size: 7.5pt;">FORECAST DISCLAIMER FOR FINANCIAL INSTITUTIONS</div>
      <div style="text-align: justify; margin-top: 8.55pt; font-size: 7.5pt;">Any forecast(s) in this report reflect Fitch&#8217;s forward view on the issuer&#8217;s financial metrics. They are constructed using a proprietary internal forecasting tool and based on a
        combination of Fitch&#8217;s own performance assumptions, macroeconomic forecasts, sector-level outlook and issuer-specific considerations. As a result, Fitch&#8217;s forecasts may differ materially from the rated entity&#8217;s forecasts or guidance and may not
        reflect the assumptions that other market participants may make. To the extent Fitch is aware of material non-public information with respect to future events, such as planned recapitalisations or merger and acquisition activity, Fitch may not
        reflect these non-public future events in its published forecasts. However, where relevant, such information is considered by Fitch as part of the rating process.</div>
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<DOCUMENT>
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<FILENAME>image00010.jpg
<TEXT>
begin 644 image00010.jpg
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end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>image00011.jpg
<TEXT>
begin 644 image00011.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
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end
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<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>image00012.jpg
<TEXT>
begin 644 image00012.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
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end
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</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>image00013.jpg
<TEXT>
begin 644 image00013.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#Z"O/%?V>[
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>image00014.jpg
<TEXT>
begin 644 image00014.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  8$!08%! 8&!08'!P8("A *"@D)
M"A0.#PP0%Q08&!<4%A8:'24?&ALC'!86("P@(R8G*2HI&1\M,"TH,"4H*2C_
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M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
