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PT BANK MEGA Tbk




                   2023 Annual Report
Page 2
Disclaimer
Welcome to the 2023 Annual Report of PT                   materially from those predicted or projected; and
Bank Mega Tbk with the theme of “Refocus in               are beyond the control of the Company and the
Business Strategy for Sustainable Growth”. This           Company’s Board of Directors. Such statements are
Annual Report is issued in accordance with OJK            not directly or exclusively related to historical facts
Regulation Number 29/POJK.04/2016 concerning              and do not reflect the Company’s intentions, plans,
Annual Report of Issuers or Public Companies and          expectations, assumptions and beliefs regarding
Circular Letter of The Financial Services Authority       future events. There is no guarantee that future
Number 16/SEOJK.04/2021 concerning the Form               events will occur, projections will be achieved, or
and Content of Annual Report of Issuers or Public         that the Company’s assumptions are correct. These
Companies.                                                statements are not and should not be considered
                                                          as a representation of the Company’s future
This Annual Report may contain several statements         performance.
that consist of future projections and views
describing the Company’s perspective on future            This annual report contains the words “Bank” and
financial events and performance, as well as              “Bank Mega” defined as PT Bank Mega Tbk, which
financial conditions, operating and business results,     carries out business activities in the banking sector.
economic conditions, sector conditions and related        Sometimes, the words “Company” and “Company.”
plans and objectives.                                     It was also used for convenience to refer to PT
                                                          Bank MegaTbk in general. Terms for the currency
These perspectives are based on various current           unit “Rupiah”, “Rp” or “IDR” refers to the official
estimations and assumptions that may change in            currency of the Republic of Indonesia, whereas
line with uncertainties, contingencies, and various       “US Dollar”, ‘US$” or “USD” refers to the official
business risks and economic conditions that may           currency of the United States of America. The
change at any time. These variables could cause           entire financial information is presented in Rupiah.
actual results, performance and events to differ




Theme Description
The year 2023, full of challenges and dynamic             The bank is committed to continuously developing
economic conditions, encourages Bank Mega to              digital services to become a one-stop financial
closely monitor its performance. The Bank has also        service provider by utilizing the CT Corp ecosystem.
decided to prepare for a refocusing of its business
strategy. By aligning its business strategy focus
with all its strengths and resources, the bank will be
able to grow more sustainably in the future.




 2                      PT BANK MEGA Tbk      2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk      2023 Annual Report




Refocus in Business Strategy
for Sustainable Growth
2023 Annual Report




Refocus in Business Strategy for Sustainable Growth   PT BANK MEGA Tbk    2023 Annual Report                        3
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Theme Continuity




4        PT BANK MEGA Tbk   2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
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                                                                             PT BANK MEGA Tbk      2023 Annual Report




                                                Optimizing Digital Ecosystem for Excellence Performance

                                          Through the digital ecosystem of CT Corp, Bank Mega offers various
                                          benefits and seamless experience to its customers when they do
                                          transaction with any product or service of CT Corp units, be it financial
                                          services, retail products, entertainment and many others. Bank Mega
                                          is committed to further develop its digital capabilities to offer fi ne
                                          services to its customer and achieve optimum business results for all
                                          stakeholders of Bank Mega.




                                                Enhancing Digital Excellence

                                          Bank Mega is committed to continuously improving the excellence
                                          of its digital services to provide convenient and secure transactions
                                          for customers. Bank Mega also continues to add digital features and
                                          strengthen transaction security infrastructure. This digital development
                                          can also increase customer loyalty. For this reason, the Bank is committed
                                          to continuing to develop digital services on an ongoing basis, to become
                                          a one stop financial service under the support of CT Corp.




                                                Digitalization for Higher Profitability

                                          Strategic focus on digital transformation and automation reflected Bank
                                          Mega’s excellence as an innovator and forward-looking company. Today,
                                          backed by an integrated one stop financial services under the auspice
                                          of CT Corp, Bank Mega brings connectivity to everyone.




Refocus in Business Strategy for Sustainable Growth    PT BANK MEGA Tbk       2023 Annual Report                        5
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Our Competitive Advantage




01
        Business synergy with business groups with PT CT Corpora as the ultimate parent company

        The advantage of Bank Mega being within the ecosystem of PT CT Corpora (“CT Corp”) is to be able
        to provide more benefits to the customers. Customers will enjoy various discounts and attractive offers
        when doing transactions using a Bank Mega card in all CT Corp business units, including financial
        products, retail outlets, entertainment products, and others.




02
        Diversified banking products and services

        Bank Mega offers diversified banking products and services to both institutional and
        individual customers.




03
        Digital services

        Continuous innovation in Bank Mega’s digital transformation has increased the number of M-Smile
        users. The number of M-smile users in 2023 will reach more than 54% of total retail customers, an
        increase of 18% from 2022.




6          PT BANK MEGA Tbk           2023 Annual Report          Refocus in Business Strategy for Sustainable Growth
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                                                                                PT BANK MEGA Tbk         2023 Annual Report




04
                          Strong capital

                          Bank Mega has a strong working capital base with a CAR ratio of 26.17% as of 2023. This strong
                          capitalization provides more room to expand lending going forward.




05                        Strong network throughout Indonesia

                          Bank Mega has an office network spread across Indonesia consisting of 312 sub-branches, 55
                          branches, 8 regional offices and 3 functional offices as of December 31, 2023.




06                        Rated idAA/stable by Pefindo

                          Bank Mega has a very strong capacity to meet its long-term financial commitments relative to that
                          of other Indonesian obligors.




Refocus in Business Strategy for Sustainable Growth     PT BANK MEGA Tbk          2023 Annual Report                          7
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Table of Contents
     Performance                  10             Management                32            Company                        58
     2023                                        Report                                  Profile




Disclaimer                         2        03                                         Chronology of Share Issuance     108
                                            Company Profile                            of Share and/or Listing
Theme Description                  2
                                                                                       Chronology of Other Securities   110
Theme Continuity                   4        Corporate Identity              60         Issuance and/or Listing
2023 Key Accomplishments           6        Company at a Glance             61         Supporting Capital Market        111
Our Competitive Advantage          7        Chronology of Changes to the    62         Institutions and Professions
Table of Contents                  8        Company Name                               Information on the Company       112
                                            Milestone                       62         Website
01                                          The Company Logo                64         Office Network Address           112
Performance 2023
                                            Business Activities             64
                                                                                       04
Financial Highlights               12       Products and Services           66
                                                                                       Management Analysis
Operational Highlights             16       Operational Areas               70
                                                                                       and Discussion
Shares Information                 17       Association Membership          71
Corporate Actions                  18       Vision, Mission                 72         Economic Review                  128
                                            and Corporate Culture
Temporary Shares Trading           18                                                  Banking Industry Overview        129
Suspension/Delisting                        Organizational Structure        74
                                                                                       The Bank’s Position in the       131
Other Securities Highlights        18       Board of Commissioners’         76         Industry
                                            Profile
Corporate Ratings                  19                                                  Business Segment and             132
                                            Profil Direksi                  82         Geographic Review
Awards and Certification           20
                                            Management Changes After        91         Marketing Aspect                 148
Important Events In 2023           23       2023 Financial Year
                                                                                       Financial Review                 149
02                                          Profile of Non-Commissioner     91
                                                                                       Key Financial Ratios             158
                                            Committee Members
Management Report                                                                      Prime Lending Rate               161
                                            Profil Pejabat Eksekutif        98
Board of Commissioners             34                                                  Structure and Management         162
                                            Composition of Shareholders    102
Report                                                                                 Policy on Capital Structure
                                            Corporate Group Structure      104
Board of Commissioners             42                                                  Material Commitments for         165
                                            Struktur Bisnis Grup           106         Capital Expenditures
Board of Directors Report          44
                                            Subsidiaries and Associate     108         Realization of Capital           165
Board of Directors                 54       Entities                                   Expenditures
Statements of Accountability       56
of 2023 Annual Report




 8                            PT BANK MEGA Tbk      2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
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                                                                             PT BANK MEGA Tbk      2023 Annual Report




   Management                       126         Corporate                   264         Sustainability                   334
   Analysis and                                 Governance                              Report
   Discussion




 Material Information and           166      05                                       Code of Conduct                     328
 Material Information                        Corporate Governance                     Legal Case                          328
 Subsequent Events
                                                                                      Administrative Sanction             329
 Dividend Policy and Its            166      Foreword                       266
 Distribution                                                                         Adequacy of Transparency            329
                                             Governance Structure           268       Financial and Non-Financial
 Information About Employee         166      Annual General Meeting of      269
 and/or Management Share                                                              Self-Assessment of the              330
                                             Shareholders                             Implementation of Commercial
 Ownership Program (ESOP/
 MSOP)                                       Board of Commissioners         275       Bank Governance

 Information Regarding the          167      Board Of Directors             279       Implementation of Public            330
 Realization of the Use of Public                                                     Company Governance
 Offering Proceeds                           Transparency of Information    285       Guidelines
                                             Related to the Board of
 Material Information Regarding     167      Commissioners and Board of               Implementation of Integrated        332
 Investment, Expansion,                      Directors                                Governance
 Divestment, Business Merger,                                                         Access to Information and           333
 Acquisition, and/or Debt/                   Supporting Organs of the       291
                                             Board of Commissioners                   Data
 Capital Restructuring
                                             Supporting Organs of the       302
 Material Information on            167
                                             Board of Directors
                                                                                      06
 Transactions that Contain
 Conflict of Interest and/or
                                                                                      Sustainability Report
                                             Corporate Secretary            310
 Transactions with Affiliated
 Parties/Related Parties                     Internal Audit                 313       Sustainability Report               336

 Changes in Laws and                172      Compliance Function            316       Cross-Reference Based on            337
                                                                                      OJK Circular Letter No. 16/
 Regulations That Have a                     Internal Control System        318       SEOJK.04/2021 Regarding Format
 Significant Effect on the                                                            and Content of the Annual Report
 Company                                     Implementation of Other        320       of Issuers or Public Companies
                                             Corporate Governance
 Changes in Accounting              172
 Policies and Their Impact on                Insider Trading Prevention     323       07
 the Company                                 Policy
                                                                                      Financial Statement
 Target, Actual, and Projection     173      Anti-Corruption and/or Fraud   323
                                             Policy
 Business Prospect                  174
                                             Operational Policy for the     324
 Information on Business            175      Protection of Consumer
 Continuity                                  Assets, Privacy and Data
 Business Supporting Overview       176      within the Framework of the
                                             Protection of Consumers and
 Information Technology             181      Public
 Capital and Risk Management        184      Whistleblowing System          325




Refocus in Business Strategy for Sustainable Growth     PT BANK MEGA Tbk      2023 Annual Report                           9
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     Performance 2023




                              01
                                  2023
                                  Performance




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                                                                         PT BANK MEGA Tbk      2023 Annual Report




Refocus in Business Strategy for Sustainable Growth   PT BANK MEGA Tbk    2023 Annual Report                        11
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         Performance 2023




Financial Highlights

         Statement of Financial Position

Expressed in billions of Rupiah

                                                               2023                      2022                  2021                    2020                      2019
 Financial Assets                                                       123,464            133,021                    124,792              103,615                       93,006

 Non Financial Assets                                                     8,586                 8,729                      8,087              8,588                        7,798

 Total Assets                                                           132,050            141,750                    132,879              112,203                     100,804

 Loans                                                                   66,293             70,289                     60,677                48,487                      53,015

 Third Party Funds                                                       89,436            102,950                     98,907                79,186                      72,790

 Financial Liabilities                                                  109,371            120,334                    112,542                93,385                      84,163

 Non Financial Liabilities                                                  924                  783                       1,193                   610                     1,099

 Total Liabilities                                                      110,294            121,117                    113,735               93,995                      85,262

 Total Equities                                                          21,756             20,634                     19,144               18,208                      15,542

 Total Liabilities and Equities                                         132,050            141,750                    132,879              112,203                     100,804



Total Assets                                                                             Total Liabilities

100%                                                           160,000                   100%                                                               140,000

                                                               140,000                                                                                      120,000
98%                                                                                       98%
                                                               120,000
                                                                                                                                                            100,000
96%                                                                                       96%
                                                               100,000
                                                                                                                                                            80,000
94%                                                            80,000                     94%
                                                                                                                                                            60,000
                                                               60,000
92%                                                                                       92%
                                                               40,000                                                                                       40,000

90%                                                                                       90%
                                                               20,000                                                                                       20,000

88%                                                                                       88%
         2023          2022    2021       2020      2019                                         2023        2022          2021    2020       2019
    Financial Assets     Non Financial Assets    Total Assets (RHS)                         Financial Liabilities      Non Financial Liabilities         Total Liabilities (RHS)


                                                Total Equities

                                                21,756         20,634         19,144        18,208             15,542




                                                 2023            2022             2021          2020                2019




 12                                   PT BANK MEGA Tbk                   2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
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                                                                                     PT BANK MEGA Tbk      2023 Annual Report




        Statements of Profit or Loss and other Comprehensive Income

Expressed in billions of Rupiah

                                                  2023              2022                 2021            2020             2019

 Interest income                                      10,217                 9,069              8,110         8,046              7,455

 Interest expense                                     (4,685)              (3,200)           (3,269)        (4,133)             (3,871)

 Net Interest Income                                      5,532              5,869              4,841        3,913               3,584

 Other Operating Income                                   2,288              2,498              3,140        2,919               2,316

 Other Operating Expenses                             (3,487)              (3,365)           (3,038)        (3,097)             (3,424)

 Net Operating Income                                     4,333              5,002              4,943         3,735              2,476

 Non-operating income (expenses) - net                      10                 26                 10             (20)               32

 Income Before Income Tax                                 4,343              5,028              4,953        3,715               2,508

 Income Tax Expenses                                      (832)              (975)              (945)           (707)            (505)

 Net Income For The Year                                  3,511              4,053              4,008        3,008               2,003

 Other comprehensive income
 for the year, net of income tax                           448                236               (972)            914               555

 Total Comprehensive Income for
 The Year, Net of Income Tax                              3,959              4,289              3,036         3,922              2,558

 Basic Earnings Per Share (Full Amount)                    299                345                341             256               171

 Profit for the year attributable to owners of
                                                          3,511              4,053              4,008         3,008              2,003
 the parent

 Total comprehensive income attributable to
                                                          3,959              4,289              3,036         3,922              2,558
 owners of the parent


Net Interest Income                                                  Other Operating Income

5,532         5,869         4,841         3,913   3,584              2,288           2,498       3,140     2,919        2,316




2023           2022          2021         2020    2019               2023            2022        2021      2020         2019


Income Before Income Tax                                             Net Income For The Year

4,343         5,028         4,953         3,715   2,508              3,511           4,053       4,008     3,008        2,003




2023          2022          2021          2020    2019               2023            2022        2021      2020         2019



Refocus in Business Strategy for Sustainable Growth          PT BANK MEGA Tbk         2023 Annual Report                           13
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      Performance 2023




       Statements of Cash Flows


Expressed in billions of Rupiah
                                                2023              2022                   2021             2020            2019

Net cash flows provided from operating
                                                    (10,339)             16,607               10,933             (546)           3,650
activities

Net cash flows used in investing activities            4,289           (13,443)                 1,064         (4,933)            3,148

Net cash flows used in financing activities          (1,787)             (1,239)              (2,096)            (670)           (800)

Net Increase (Decrease) in Cash and Cash
                                                     (7,837)                1,925               9,901         (6,149)            5,998
Equivalents

Cash and Cash Equivalents at Beginning of
                                                     19,517              17,592                 7,691         13,840             7,842
The Year

Cash and Cash Equivalents at End of The Year         11,680              19,517               17,592           7,691           13,840




       Financial Ratios


                                                2023             2022                    2021            2020             2019

Capital

Capital Adequacy Ratio (CAR)                        26.17%             25.41%                27.30%          31.04%            23.68%

Tier 1 ratio                                        25.40%             24.64%                26.51%          30.19%            23.68%

Tier 2 ratio                                         0.76%               0.77%                0.79%            0.85%            0.00%

CET 1 ratio                                         25.40%             24.64%                26.51%          30.19%            23.68%

Earning Assets

Non-Performing Earning Assets and Non-               1.58%               1.13%                1.04%            1.30%            2.29%
Productive Assets to Total Earnings and Non
Productive Assets

Non-Performing Earning Assets to Total               0.99%               0.78%                0.66%            0.67%            1.49%
productive Assets

Allowance for Impairment Losses for Financial        0.56%               0.49%                0.46%            0.46%            0.32%
Assets to Productive Assets

Non-Performing Loans (NPL) to Total Loans            1.57%               1.23%                1.12%            1.39%            2.46%
- Gross

Non-Performing Loans (NPL) to Total Loans            1.18%               0.91%                0.81%            1.07%            2.25%
- Nett

III. Rentability

Return On (ROA)                                      3.47%               4.00%                4.22%            3.64%            2.90%

Return On Equity (ROE)                              17.62%             23.15%                23.49%          19.42%            14.85%

Net Interest Margin (NIM)                            5.21%               5.42%                4.75%            4.42%            4.90%

Operating Expense to Operating Income               65.36%             56.76%                56.06%          65.94%            74.10%
(BOPO)

Cost to Income Ratio (CIR)                          42,11%             38,46%                36,80%          43,66%                  -




 14                              PT BANK MEGA Tbk      2023 Annual Report           Refocus in Business Strategy for Sustainable Growth
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                                                                                      PT BANK MEGA Tbk          2023 Annual Report




                                                      2023             2022                  2021           2020              2019

 Liquidity

 1. Loan to Deposit ratio (LDR)                             74.03%          68.04%              60.96%          60.04%                69.67%

 Compliance

 a. Percentage of Violation of Legal Lending Limit

    a.1. Related Parties                                    0.00%             0.00%              0.00%              0.00%              0.00%

    a.2. Third Parties                                      0.00%             0.00%              0.00%              0.00%              0.00%

 b. Percentage of Excess of Legal Lending Limit

    b.1. Related Parties                                    0.00%             0.00%              0.00%              0.00%              0.00%

    b.2. Third Parties                                      0.00%             0.00%              0.00%              0.00%              0.00%

 GWM Primary Rupiah

 Daily                                                      0.00%             0.00%              0.50%              0.00%              3.00%

 Average                                                    6.88%             7.85%              3.04%              3.07%              3.74%

  GWM Foreign Currency                                      4.05%             4.03%              4.01%              4.15%              8.08%

 Net Open Position                                          0,75%             0,21%              0,46%              0,26%              9,99%



ROA                                                   ROE                                            NIM

3.47%    4.00%      4.22%     3.64%      2.90%       17.62% 23.15% 23.49% 19.42% 14.85%             5.21%   5.42%     4.75%   4.42%     4.90%




2023       2022     2021      2020       2019        2023     2022   2021   2020      2019          2023    2022      2021    2020      2019


BOPO                                                  LDR                                            CAR

65.36%   56.76%    56.06%     65.94%    74.10%       74.03% 68.04% 60.96% 60.04% 69.67%             26.17% 25.41% 27.30% 31.04% 23.68%




2023       2022     2021       2020      2019        2023     2022   2021   2020      2019          2023    2022      2021    2020      2019




Refocus in Business Strategy for Sustainable Growth              PT BANK MEGA Tbk       2023 Annual Report                               15
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          Performance 2023




Operational Highlights

                                                                2023                      2022                  2021              2020             2019
 Non-Digital Operations

 Total Employees                                                           6,244                 6,131                  6,320         5,052                  5,379

 Total ATM                                                                  582                    637                      671          684                  709

 Cash Office                                                                   -                      -                       -           40                   39

 Total Sub- Branches                                                        312                    326                      322          283                  284

 Total Branches                                                              55                     55                       54           54                   54

 Regional Offices                                                             8                       8                       8            8                     8

 Functional Offices                                                           3                       2                       2            2                     2

 Digital Banking Services

 Total M-Smile Application Downloads                                 870,300                 639,465                  430,385       217,190                 54,711

 Total M-Smile Application Users                                     784,118                 581,311                  394,564      286,977 *          119,292 *

 Transaction Value                                                        36,339               20,967                  10,737         4,893                  2,720

 Total Transactions                                                8,842,330               5,669,771                 3,679,204     2,064,677          1,114,089


Total M-Smile Application Downloads & Total M-Smile Application Users

870,300
      784,118
                                    639,465
                                          581,311

                                                                            430,385
                                                                                  394,564
                                                                                                                      286,977 *
                                                                                                                 217,190

                                                                                                                                                     119,292 *
                                                                                                                                                54,711



      2023                                2022                                     2021                                2020                         2019

                                          Total M-Smile Application Downloads             Total M-Smile Application Users

*The beginning of the launch of M-Smile, user data combines M-Smile and Mega Mobile users.


Transaction Value (RpMilliar) & Total Transactions (RHS)

                                                                                                                                                        10.000.000
40,000                                                                                                                                                  10,000,000
35,000                                                                                                                                                  9,000,000
                                                                                                                                                        8,000,000
30,000
                                                                                                                                                        7,000,000
25,000                                                                                                                                                  6,000,000
20,000                                                                                                                                                  5,000,000
15,000                                                                                                                                                  4,000,000
                                                                                                                                                        3,000,000
10,000
                                                                                                                                                        2,000,000
 5,000                                                                                                                                                  1,000,000
      0                                                                                                                                                 0

                  2023                           2022                              2021                         2020                     2019

                                          Transaction Value (RpMilliar)                   Total Transactions (RHS)



 16                                 PT BANK MEGA Tbk                 2023 Annual Report                   Refocus in Business Strategy for Sustainable Growth
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                                                                               PT BANK MEGA Tbk         2023 Annual Report




Shares Information
Initial Public Offering
Bank Mega conducted an initial public offering of its               offering became effective and on April 17, 2000, the shares
112,500,000 shares with par value of Rp500 (full amount)            were listed and traded in the Indonesia Stock Exchange.
per share at offering price of Rp1,200 (full amount) per
share. On March 15, 2000, in accordance with the letter             Please refer to the Stock Listing Chronology section of
from the chairman of BAPEPAM-LK No. S-493/PM/2000,                  the Company Profile chapter for more information on the
the Bank’s Registration Statement for the initial public            Bank’s initial public offerings and additions.

Shares Trading Performance
Bank Mega reports the Bank’s share trading performance quarterly throughout 2023, as shown in the table and chart below:


                                Share Prices                        Transaction                                 Market
                                                                                          Shares
     2023                                                             Volume                                 Capitalization
                                                                                        Outstanding
                 Quarter          Lowest           Closing       (Thousand Shares)                            (RpMillion)

 Quarter I              6,500           5,025            5,100                4,382        11,623,514,905            59,279,926

 Quarter II             5,400           4,840            5,400                  993        11,623,514,905            62,766,980

 Quarter III            5,500           4,910            5,500                1,496        11,623,514,905            63,929,332

 Quarter IV             5,500           5,100            5,100                6,264        11,623,514,905            59,279,926




                                Share Prices                        Transaction                                 Market
                                                                                          Shares
     2022                                                             Volume                                 Capitalization
                                                                                        Outstanding
                 Quarter         Lowest            Closing       (Thousand Shares)                            (RpMillion)

 Quarter I            11,475           6,025            6,400                 5,176        11,623,514,905            74,390,495

 Quarter II            6,500           5,200            5,225                 1,403        11,623,514,905            60,732,865

 Quarter III           5,800           4,720            5,750                 1,490        11,623,514,905            66,835,211

 Quarter IV            5,900           5,275            5,275                 1,609        11,623,514,905            61,314,041




Shares Price Movement 2023- 2022

 7,000                                                                                                                  7,000

 6,000                                                                                                                  6,000

 5,000                                                                                                                  5,000

 4,000                                                                                                                  4,000

 3,000                                                                                                                  3,000

 2,000                                                                                                                  2,000

 1,000                                                                                                                  1,000


               1Q22        2Q22          3Q22          4Q22          1Q23        2Q23          3Q23         4Q23

                                   Closing Price                    Trading Volume (RHS)




Refocus in Business Strategy for Sustainable Growth      PT BANK MEGA Tbk       2023 Annual Report                           17
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       Performance 2023




 Corporate Actions
 Corporate Actions
 Throughout 2023, Bank Mega did not conduct corporate actions such as stock split, reverse stock, stock dividend, bonus
 shares, and changes in the nominal share value.

 Bank Mega distributed only cash dividends which amounted to Rp2.84 trillion with a dividend per share of Rp214.62
 per share. Please refer to the Management’s Discussion and Analysis section for more information on the Bank’s cash
 dividend distribution.




 Temporary Shares Trading Suspension/
 Delisting

 Corporate Actions and/Delisting
 Bank Mega was not subject to any stock trading sanction either in the form of stock trading suspension and/or shares
 delisting throughout 2023.




Other Securities Highlights
Historically, Bank Mega had issued subordinated bonds of IDR 1.00 trillion with a tenor of 10 years on January 15,
2008. Subsequently, in 2020 Bank Mega issued another subordinated bond of IDR 50.00 billion. The issuance of the
subordinated bonds is to comply with the provisions of POJK No.14/POJK.03 / 2017 dated April 4, 2017 concerning
the Recovery Plan Report for Systemic Bank.

Please refer to the section “Chronology of other securities” in the “Company Profile” section for further information on
the chronology of the issuance of the two subordinated bonds.




  18                       PT BANK MEGA Tbk       2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
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                                                                                           PT BANK MEGA Tbk                 2023 Annual Report




The structure of the two subordinated bonds is the following:


                                                                                                                                        Rating
                          Issuance           Tenor                     Nominal            Maturity
   Bond Series                                           Currency                                                Coupon
                            Date             (Year)                   (RpBillion)          Date
                                                                                                                                   2018         2017

 Obligasi Subordinasi      January 15,       10 Years      Rupiah         1.000           January 15,       •     11.5% (1st         A(idn)       A(idn)
 PT Bank Mega Tbk             2008                                                           2018                 year to
 tahun 2008                                                                                                       5th year)
                                                                                                            •     21.5% (6th
                                                                                                                  year to
                                                                                                                  10th year)




                          Issuance           Tenor                     Nominal            Maturity                Coupon                 Rating
   Bond Series                                           Currency
                            Date             (Year)                   (RpBillion)          Date                 (Per annum)
                                                                                                                                    2023        2022

 Obligasi Subordinasi       May 28,          5 Years        Rupiah         50                   28 Mei              9,00%              NA          NA
 I PT Bank Mega Tbk          2020                                                                2025
 seri A Tahun 2020




Corporate Ratings

Pefindo has assigned Bank Mega’s corporate credit rating on December 1, 2023 with the following explanatory notes:


                           Rating                                              Rating
    Rating                 Validity            Rating Criteria                                                   Rating Description
    Agency                 Period                                     2023          2022

 Pemeringkat            December 1, 2023 –     Corporate Rating        idAA-            idAA-       An obligor rated idAA differs from the highest-
 Efek Indonesia         December 1, 2024                                                            rated obligors only to a small degree, and has a
 (Pefindo)                                                                                          very strong capacity to meet its long-term financial
                                                                                                    commitments relative to that of other Indonesian
                                                                                                    obligors. The minus (-) sign indicates that the rating
                                                                                                    is relatively weak within its category

                                               Outlook                 Stable       Stable          Stable means that a rating is not likely to change




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       Performance 2023




Awards and Certification

The various awards and certifications received by Bank Mega as of December 31, 2023 are as follows:



       Awards




Organizer                                       Organizer                                         Organizer
Infobank and MRI                                Infobank                                          Lembaga Penjamin Simpanan (LPS)

Event                                           Event                                             Event
6th Satisfaction, Loyalty, Engagement           Top 100 Most Outstanding Women 2023               Certificate of Merit
Awards 2023
                                                Achievement                                       Achievement
Achievement                                     Top 100 Most Outstanding Women 2023               Bank Penyusun Resolution Plan 2022
Top 5 SLE Index                                 in Financial Sector & SOE – Infobank
                                                for Lay Diza Larentie and Indivara Erni           Date of Acceptance
Date of Acceptance                              (Director)                                        June 26, 2023
25 Januari 2023
                                                Date of Acceptance
                                                May 12, 2023




Organizer                                       Organizer                                         Organizer
BUniverse dan BGK Foundation                    BUniverse dan BGK Foundation                      Bisnis Indonesia

Event                                           Event                                             Event
2023 Corporate Emission                         2023 Corporate Emission                           Bisnis Indonesia Financial
Transparency Award                              Transparency Award                                Award (BIFA) 2023

Achievement                                     Achievement                                       Achievement
Transparency in Corporate Emissions             Transparency in Calculation of Corporate          The Most Efficient Bank KBMI 3
Reduction 2023 Green Category                   Emissions 2023 Silver Category
                                                                                                  Date of Acceptance
Date of Acceptance                              Date of Acceptance                                August 24, 2023
June 27, 2023                                   June 27, 2023




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                                                                                  PT BANK MEGA Tbk           2023 Annual Report




Organizer                                     Organizer                                          Organizer
Infobank                                      Infobank                                           Indonesian Institute for Corporate
                                                                                                 Directorship
Event                                         Event
Infobank Award 2023                           Infobank Award 2023                                Event
                                                                                                 The 14th IICD Corporate Governance
Achievement                                   Achievement                                        Conference and Award
Excellent Financial Performance Bank in       Golden Trophy Excellent Performance in
2022                                          5 Consecutive Years                                Achievement
                                                                                                 Top 50 Big Capitalization Public Listed
Date of Acceptance                            Date of Acceptance                                 Company
August 25, 2023                               August 25, 2023
                                                                                                 Date of Acceptance
                                                                                                 September 18, 2023




Organizer                                     Organizer                                          Organizer
Katadata                                      Visa Indonesia                                     The Finance

Event                                         Event                                              Event
Katadata Green Initiative Awards 2023         Visa Indonesia Awards                              Top 20 Financial Institutions

Achievement                                   Achievement                                        Achievement
Katadata Green Initiative Awards 2023         • Highest credit card volume for non               The Best Performing Bank 2023 Based
Kategori Perbankan                               KBMI 4                                          on Financial Performance 2021-2023
                                              • Highest credit card active rate for              for Bank Assets Category Within Rp100
Date of Acceptance                               non KBMI 4                                      trillion Less Than Rp500 Trillion
September 26, 2023                            • The bigest number of credit
                                                 cardholder for non KBMI 4                       Date of Acceptance
                                                                                                 November 14, 2023
                                              Date of Acceptance
                                              October 26, 2023




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       Performance 2023




Organizer                                          Organizer                                          Organizer
Lembaga Penjamin Simpanan (LPS)                    Lembaga Penjamin Simpanan (LPS)                    SWA

Event                                              Event                                              Event
LPS Awards 2023                                    LPS Awards 2023                                    Indonesia Digital Marketing Champions
                                                                                                      2023
Achievement                                        Achievement
Bank Terbaik Dalam Laporan Kepatuhan               Bank Terbaik Dalam Pelaporan SCV                   Achievement
Kebijakan SCV Kelompok KBMI 3                      Kelompok KBMI 3                                    Very Good

Date of Acceptance                                 Date of Acceptance                                 Date of Acceptance
December 6, 2023                                   December 6, 2023                                   December 7, 2023




                                                                                      Certification




Organizer                              Organizer                             Certification Type                   Certification Type
VISA                                   Infobank                              ISO/IEC 27001:2013                   Tier III – Design Data Center

Event                                  Event                                 Date of Acceptance                   Date of Acceptance
Champion Security Award                Top 100 CEO 2023                      September 15, 2022                   April 28, 2023

Achievement                            Achievement                           Certificate Provider                 Certificate Provider
Best in Class in Risk Management       Kostaman Thayib                       CBQA Global                          Uptime Institute

Date of Acceptance                     Date of Acceptance                    Validity period                      Validity period
November 10, 2023                      December, 5 2023                      September 14, 2025                   April 27, 2025




 22                            PT BANK MEGA Tbk          2023 Annual Report           Refocus in Business Strategy for Sustainable Growth
Page 23
                                                                              PT BANK MEGA Tbk          2023 Annual Report




Important Events In 2023

  01    January 2023

    January 19-20




                                                 Bank Mega 2023 Working Meeting



 02     February 2023

    February 1                                                         February 9 - 12




                     Syndication loan to                                              Mega Travel Fair in Jakarta
       PT Smartfren Telecom Tbk and PT Smart Telecom


   February 10 - 12                                                    February 24 - 26




                  Mega Travel Fair in Surabaya                                        Mega Travel Fair in Bandung




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      Performance 2023




     February 16                                                     February 24




              Grand Prize Awarding Ceremony                                          AGMS and Public Expose
            Meriah Bareng Mega 1 Apartment Unit




03      March 2023

     March 3                                                         March 12




         Launching of Meriah Bareng Mega Program -                        Meriah Bareng Mega - Around the World with Mega
                Around the World with Mega                                         Celebrate Car Free Day Jakarta


     March 16                                                        March 16 - 19




                         Mega Star Award                                           Mega Japan Airlines Travel Fair




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Page 25
                                                                            PT BANK MEGA Tbk      2023 Annual Report




 04     April 2023

    April 15




           Bank Mega celebrates its 54th anniversary                  Bank Mega distributes 20,000 basic food packages




 05     May 2023

    May 7                                                           May 19




                     Launch of QRIS TUNTAS                                         Opening of MMDP XVIII
         (Transfer, Cash Withdrawal and Cash Deposit)




 06     June 2023

    June 7                                                        June 21




               Be The First - Invite customers to                      Loan disbursement to PT Dwimitra Nusantara
               watch premier movie transformers




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      Performance 2023




                                                                    07     July 2023

     June 26                                                          July 8




 Credit Facilities Agreement to PT Sarana Agro Investama &             Be The First - Invite Customers to Watch Premier Movie,
                   PT Prima Perdana Optima                                                 Mission Impossible


     July 27                                                          July 31




 Regulation socialization of AML, CFT & PPPSM program for                       Inauguration of Trans Medical Clinic
                     Reporting to PPATK




08      August 2023

     August 2                                                         August 2




     Be The First - Invite Customers to Watch Premier Movie,           Be The First - Invite Customers to Watch Premier Movie,
                 The Meg 2 in Regional Bandung                                    The Meg 2 in Regional Surabaya




26                           PT BANK MEGA Tbk         2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
Page 27
                                                                                 PT BANK MEGA Tbk        2023 Annual Report




    August 10 - August 13                                                August 15




                  Mega Travel Fair in Jakarta                               Socialization of the Personal Data Protection Law



    August 25 - October 27                                               August 31 - September 3

                      Jakarta 1 & 2              Jakarta 1 & 2 B




                        Semarang                      Bandung




                      Banjarmasin                     Surabaya




                         Makasar                         Medan




                   All Regional Sales Awards                                          Mega Travel Fair in Bandung




 09     September 2023

    September 1                                                           September 5




                    Opening of MMDP XIX                                                       Service Day




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      Performance 2023




     August 10 - September 10                                         September 20




                  Mega Travel Fair in Surabaya                         Be The First - Invite Customers to Watch Premier Movie,
                                                                                      The Expend4bles in Jakarta



     September 20                                                     September 20




     Be The First - Invite Customers to Watch Premier Movie,           Be The First - Invite Customers to Watch Premier Movie,
                    The Expend4bles in Medan                                        The Expend4bles in Makassar




10       October 2023

     October 17                                                        October 19




                Grand Prize Awarding Ceremony -                               Signing of Financial Service MoU with IFG
                  Around the World with Mega




28                           PT BANK MEGA Tbk         2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
Page 29
                                                                            PT BANK MEGA Tbk         2023 Annual Report




   October 28                                                       October 28




           Be The First - Invite Customers in Jakarta                      Be The First - Invite Customers in Bandung
                       to Eat Ice Cream                                                  to Eat Ice Cream



   October 28                                                       October 28




          Be The First - Invite Customers in Surabaya                      Be The First - Invite Customers in Makassar
                        to Eat Ice Cream                                                 to Eat Ice Cream




                                                                  11   November 2023

   October 28                                                       November 17




           Be The First - Invite Customers in Medan                        Launch of QRIS Cross Border in Singapore
                       to Eat Ice Cream




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      Performance 2023




                                                                   12     December 2023

     November 30                                                     December 1




             MoU Signing for Pijar Batch 3 Program                        Launching of Meriah Bareng Mega - Easy to Win




     December 8                                                       December 9




                    Opening of MMDP XX                                         Be The First - Provide Customers with
                                                                                      Healthy Juice, Jakarta



     December 9                                                       December 9




            Be The First - Provide Customers with                              Be The First - Provide Customers with
                  Healthy Juice, Bandung                                            Healthy Juice, Semarang




30                         PT BANK MEGA Tbk          2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
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                                                                          PT BANK MEGA Tbk        2023 Annual Report




    December 9                                                    December 10




             Be The First - Provide Customers with                       Meriah Bareng Mega - Easy to Win Celebrate
                   Healthy Juice, Surabaya                                          Car Free Day Jakarta



    December 19                                                  This activity was conducted throughout 2023




              Semarang Regional Treasury Event                   Bank Mega together with PPATK, FKDKP and KEHATI carry
                                                                                 out bamboo planting




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           02
                Management
                Report




32   PT BANK MEGA Tbk   2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
Page 33
                                                                         PT BANK MEGA Tbk      2023 Annual Report




Refocus in Business Strategy for Sustainable Growth   PT BANK MEGA Tbk    2023 Annual Report                        33
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                           Company Profile




Board of Commissioners Report



                     In 2023, Bank Mega was able to maintain its capital
                     resilience and adequate liquidity levels to support the
                     sound and sustainable growth of its business. This is
                     reflected in achieving a Capital Adequacy Ratio (CAR) of
                                                                                                                      “
                     26.17% (up 0.76% from 2022), as well as Loan to Deposit
                     Ratio (LDR) maintained at 74.03% level.



          Our Esteemed Shareholders and Stakeholders,




                                                                                          26.17
In 2023, the Board of Commissioners              various business strategies and key                                        %
performed supervisory functions and              issues, including consistency in
duties over the Board of Directors,              the implementation of the 2023
including the supervision of the                 Business Plan. Guidance to the Board
implementation of the Bank’s Business            of Directors is provided through
Plan (RBB) and Sustainable Finance               mechanisms set forth in the Articles     Capital Adequacy
Action Plan (RAKB). In addition, we              of prevailing laws and regulations.      Ratio (CAR)
also monitor the implementation                                                           Capital Adequacy Ratio
of the Bank’s strategy, especially               Hereby, we present a report on on        (CAR) of 26.17% (up 0.76%
in the areas of risk management,                 Board of Commissioners supervision       from 2022)
credit, profit generation, use                   and advice to the management for
o f i n f o r m a t i o n t e c h n o l o g y,   the fiscal year 2023, which consists
human resources development,                     of an assessment performance Board
implementation of good corporate                 of Directors during 2023, views on
governance and implementation of                 the business prospects prepared
sustainable finance.                             by the Board of Directors, the
                                                 implementation of good corporate
We will always ensure that the                   governance, an assessment of the
Bank is managed in a good and                    Committee in under the Board
professional manner in the face of               of Commissioners and changes
challenging economic conditions.                 in the composition of the Board
Therefore, throughout 2023, we                   of Commissioners.
conducted intensive communication
with the Board of Directors to discuss




 34                              PT BANK MEGA Tbk       2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
Page 35
                                                                         PT BANK MEGA Tbk      2023 Annual Report




                                                                                 Chairul
                                                                                 Tanjung
                                                                                 President Commissioner




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Page 36
                        Company Profile




Global and Indonesian Economy in 2023                              The Indonesian banking industry is expected to remain
Global economic conditions remain mired in uncertainty             resilient and competitive, supported by relatively high
through 2023. This global risk and uncertainty is triggered        levels of profitability (ROA) and capital adequacy (CAR) of
by the dynamics of developed countries that affect global          2.72% (November 2023) and 27.86% (November 2023),
conditions. The United States continues to face above-             respectively. Digital economic and financial transactions
target inflation, high interest rates, rising fiscal pressures,    are growing rapidly, driven by the public’s increasing
and eroding excess savings that mask economic weakness.            preference for online shopping, expanding and convenient
Meanwhile, China is still grappling with post-Covid-19             digital payment systems, and accelerating digital banking.
economic weakness, and Europe is experiencing weakening
economic conditions with a rising budget deficit and still         Mega Bank’s Performance in 2023
high inflation.                                                    Amidst the dynamics of the global and Indonesian
                                                                   economy, Bank Mega managed to show a positive
In addition to the weak economic conditions, the                   performance. Achievements in 2023 did not fully meet
geopolitical conditions are also showing increasing risks.         the set targets, but within the banking industry, Bank Mega
The war in Ukraine and in the Middle East, especially in           still perform well.
Palestine, shows no signs of ending. This poses a risk to
the prospects for economic growth. Global sentiment is             In 2023, Bank Mega’s total assets reached Rp132.05 trillion
causing volatility in the financial sector, which will lead to a   compared to Rp141.75 trillion in 2022.
weakening of global trade. In addition, the ongoing trade
tensions between the United States and China also have             Bank Mega managed to book a total credit of Rp66.30
an impact on the volume of exports and imports between             trillion in 2023, with segment concentration on the
the two countries and on the volume of world trade.                corporate and indirect finance. The non-performing loan
                                                                   ratio (gross NPL) in 2023 remains at 1.57% with a net NPL
The global economic recovery process is also affected              of 1.18%. Bank Mega’s NPL has increased compared to
by the issue of climate change. Extreme cold weather               2022, but is still below the banking industry gross NPL
in Europe at the beginning of the year increased energy            (2.36% as of November 2023).
and food supply constraints, and the impact of the war
between Russia and Ukraine slowed economic recovery in             Bank Mega’s Third Party Fund (DPK) stood at Rp89.43
the region. Meanwhile, the Asian region is experiencing            trillion, still dominated by deposits, 71.17% of the total
drought due to El Niño, which is forcing authorities/              DPK. CASA composition improved to 28.83% in 2023
governments to ensure food supply and security in order            compared to 26.76% in 2022.
to reduce the inflation rate.
                                                                   The bank posted a net profit (PAT) of Rp3.51 trillion in
Indonesia is still one of the countries with the highest           2023 and was able to maintain the NIM ratio at 5.21% in
economic growth performance of 5.05% in the ASEAN                  2023 compared to 5.42% in the 2022 period.
and G20 environment. Indonesia is included in the
economic category and its manufacturing activities are             In the 2023, Bank Mega was able to maintain its capital
resilient or can continue to be positive and expansive.            resilience and adequate liquidity levels to support the
Indonesia’s economic growth is mainly driven by stable             healthy and sustainable growth of its business. This is
domestic consumption and positive international trade              reflected in achieving a Capital Adequacy Ratio (CAR) of
performance throughout 2023. Indonesia’s inflation can be          26.17% (up 0.76% from 2022), as well as Loan to Deposit
maintained at low levels, supported by stabilization policies      Ratio (LDR) maintained at 74.03% level.
and the functioning of APBN’s role as a shock absorber.
The success in maintaining the supply and distribution
of the nation’s food and energy needs, including energy
subsidies and compensation, will play a role in maintaining
the inflation rate.




 36                          PT BANK MEGA Tbk          2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
Page 37
                                                                          PT BANK MEGA Tbk        2023 Annual Report




In 2023, BOPO (Operational Cost to Income Ratio) ratio         credit strategies that prioritize the principle of prudence,
increased to 65.36% from 2022’s 56.76%, however, BOPO          and supervision of the implementation of risk management
ratio was still below below the banking industry at 76.80%     and internal control system.
on November 2023.
                                                               Supervision is exercised through regular meetings of the
Return on Assets (ROA) was recorded at 3.47% in 2023           Board of Commissioners with the Board of Directors,
from 4% in 2022, but still above the banking industry          or through specific reports submitted by the Internal
ratio (2.72% position as of November 2023). Return on          Audit Department (IADT), the Audit Committee, the
equity (ROE) was recorded at 17.62% in 2023 compared           Risk Monitoring Committee, the Nomination and
to 23.15% in 2022.                                             Remuneration Committee, the Compliance Director, or
                                                               through other means of written communication. The Board
Assessment of the Board of Directors’ Performance              of Commissioners also oversees internal and external
Global and domestic macroeconomic developments                 audit reports, provides guidance and ensures that the
require strategies and policies as well as initiatives and     Board of Directors has followed up on audit findings and
programs that can be implemented in a timely manner.           recommendations made by IADT, external auditors, results
The Board of Commissioners believes that the Board             of supervision by the Financial Services Authority and Bank
of Directors is well positioned to respond to these            Indonesia, and other authorities.
challenges by monitoring developments in the banking
industry and seizing opportunities to continue to deliver      Supervision and provision are carried out in accordance
positive performance.                                          with the provisions of the Articles of Association and
                                                               GMS resolutions.
Bank Mega’s efforts to optimize its technology and
accelerate its digital transformation played a major role in   Views on the Bank’s Business Prospects Compiled by the
Bank Mega’s performance throughout 2023. The presence          Board of Directors
of the M-Smile application provides customer experience        The global economy is expected to remain very dynamic
that offers complete branch services just through a grip       in 2024 due to the pressures of war, inflation, and interest
of their hand. The performance of this application shows       rates that remain high. Inflationary risks are expected to
encouraging results in 2023, and its features will be          remain high as the Israeli-Palestinian conflict and the
enhanced continuously. In addition, the Board of Directors     Russian-Ukrainian war continue to affect commodity prices,
also gave a positive assessment of the continuation of         including oil and wheat. The Fed’s higher interest rates
the digital transformation, which helped to enhance the        have made borrowing costs expensive for consumers and
synergy within the ecosystem of the PT CT Corpora (“CT         businesses. Based on these conditions, OECD reported
Corp”) business group.                                         a slight revision to global economic growth to a range
                                                               of 2.7% to 2.9%. But in January 2024, the IMF revised
Monitoring the Implementation of Strategic Plans               its global economic growth projection to 3.1% in 2024.
The Supervisory Board always supervises the Company’s
strategy formulation and implementation. The supervision       Amidst the rapidly changing global dynamics, Indonesia’s
of the formulation of the Company’s strategy is carried out    macroeconomic and financial system stability is expected
by supervising the preparation of the Bank’s Strategic Plan    to be maintained with the continued economic
and the Bank’s Business Plan. Meanwhile, the supervision       recovery. The Ministry of Finance predicts that in 2024
of the implementation of the strategy is carried out by        the consumption potential will still be visible from the
monitoring and advising the Board of Directors in the          movement of community economy and movement of
conduct of the Company’s business activities.                  household economy, especially with the upcoming series
                                                               of election campaigns. It is hoped that holding favorable
The Board of Commissioners also evaluates the Bank’s           elections can give confidence to investors and thus boost
financial and operational business performance, capacity       investment figures. Given these developments, economic
and capability development, including through digital          growth in 2024 is estimated to reach 5.2% (APBN version),
business development and cyber security, human resource        while BI predicts ranging from 4.7% to 5.5%.
development, application of digital banking technology,




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Page 38
                       Company Profile




In view of the dynamics of global and national indicators       In 2023, the Bank conducted an evaluation of the
and the review of the work and strategic business               implementation of Good Corporate Governance (GCG)
plans prepared by the Board of Directors, the Board of          using a self-assessment methodology involving the Board,
Commissioners remains optimistic about the performance          Directors and Executive Officers. The self-assessment
achievements of Bank Mega in 2024. The Committee                implementation in the first and second semesters of 2023
continues to support the Board of Directors in optimizing       received a score of 2 (two) or “Good”. This shows that the
all resources and efforts to take advantage of business         management of Bank Mega has generally implemented
opportunities under the current economic conditions             good governance. Meanwhile, according to OJK letter
which are still quite challenging, to continue to implement     No.SR-22/PB.31/2024, dated February 15, 2024, the
long-term strategies, as well as to enhance Bank Mega’s         implementation of governance of the Bank for June 2023
capabilities in order to maintain profitability and healthy     position is Good, and the December 2023 position is Fair.
and sustainable growth.
                                                                Overview of the Whistleblowing System
Views on the Implementation of Bank Governance                  Bank Mega has established and operates a Whistleblowing
The implementation of the principles of good corporate          System as a means for external and internal parties to
governance (GCG) is one of the main areas of focus              submit reports regarding alleged violations of corporate
of the supervisory activities conducted by the Board            governance principles, ethical values and applicable
of Commissioners. We always encourage the Board of              policies or procedures based on evidence/data/information
Directors to continuously improve and enhance GCG in            that can be accounted for and with good intentions for
line with business needs.                                       the interest of the Bank.

Bank Mega consistently and continuously implements              Bank Mega has consistently implemented the
GCG practices taking into account shareholders’ and             Whistleblowing System (WBS) Policy as set forth in the
stakeholders’ interests to maintain the bank’s transparency     Board of Directors’ Decision No. SK. 084/DIRBM/22
and public accountability.                                      dated September 29, 2022 on the implementation of the
                                                                anti-fraud strategy; as regulated in the Regulation of the
Bank Mega is also committed to the implementation of            Financial Services Authority (POJK) No. 39/POJK.03/2019
GCG principles and refers to various applicable regulations     dated December 19, 2019 on the implementation of anti-
as well as GCG implementation guidelines that are in            fraud strategies for commercial banks.
line with best practice/international standards. The
implementation of GCG practices refers to OJK regulations       The Crime and Fraud Investigation Division, which has
and international standards to ensure that each bank’s          been appointed as the coordinator for the handling of
business activities are not in conflict with regulations that   whistleblower complaints, routinely and periodically
result in legal violations.                                     submits the Investigation Results Report to the Board
                                                                of Directors and the Board of Commissioners as a
The Board of Commissioners is of the opinion that               manifestation of the supervision exercised by the Board of
the Board of Directors has performed its duties well in         Directors and the Board of Commissioners. The report shall
formulating and implementing Bank Mega’s strategies             explain the chronology of violations, recommendations
and policies related to GCG, with the aim of maintaining        for sanctions to be imposed on employees found to have
business continuity, improving the Bank’s performance and       committed violations, and the follow-up actions taken by
increasing the Bank’s competitiveness, always adhering to       the Bank with respect to reported cases.
the principle of prudence and supported by a framework.
risk management.




 38                         PT BANK MEGA Tbk        2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk         2023 Annual Report




Throughout 2023, the Board of Commissioners considers         In 2023, these committees have performed their duties and
that the implementation of Bank Mega’s Whistleblowing         responsibilities well in supporting the supervisory function
System (WBS) has gone quite well and ensures that             of the Board of Commissioners. All recommendations
each report has been followed up according to the             from each committee were also accepted by the Board of
applicable regulations.                                       Commissioners and are considered in the decision-making
                                                              process on proposals submitted by the Board of Directors.
Frequency and Procedures for Providing Advice to the
Board of Directors                                            The Audit Committee has performed its duties and
The frequency and procedures for the provision of advice,     responsibilities well in overseeing various matters related to
suggestions and recommendations from the Board of             the planning and conduct of the audit as well as monitoring
Commissioners to the Board of Directors are carried out       the follow-up of the audit results to assess the adequacy
both formally in meetings and informally and through          of internal control, including the adequacy of the financial
committees under the Board of Commissioners. The              reporting process, the implementation of the duties of
formal meetings consist of the meetings of the Board of       the Internal Audit, the compliance of the audit conducted
Commissioners, the meetings of the committees under the       by the Auditing Firm with the applicable auditing standards,
Board of Commissioners and the meetings of the Board of       and the implementation of follow-up actions by the Board
Commissioners to which the Directors are invited.             of Directors on the findings of the Internal Audit, the
                                                              Auditing Firm, as well as the results of supervision by Bank
During 2023, the Board of Commissioners held 9 (nine)         Indonesia and the Financial Services Authority, in order to
meetings and 34 (thirty-four) joint meetings between the      make recommendations to the Board of Commissioners;
Board of Commissioners and the Board of Directors. At         To recommend the appointment of a public accountant
these meetings, the Board of Commissioners discusses          and a public accounting firm to audit the financial
various matters, including providing guidance on the Bank’s   statements; to evaluate the implementation of the audit
strategy and business plans, financial performance, and       of the financial statements by the public accounting firm;
reports from the Board of Commissioners’ committees.          and to recommend the appointment of an independent
Input from the Committees of the Board of Directors is        quality controller from an external party to conduct a review
always taken into account when providing advice and           of the internal audit performance.
suggestions to the Board of Directors. The Committees
under the Board of Directors actively monitored the areas     The Oversight Risk Committee has performed well in its
of their respective responsibilities throughout the year.     duties and responsibilities to evaluate the compliance of
                                                              risk management policies with the implementation of these
Performance Evaluation of the Committees Under the            policies, to evaluate the performance of the duties of the
Board of Commissioners                                        Oversight Risk Committee and the Risk Management Work
In order to enhance the role of the Board of Commissioners    Unit in order to make recommendations to the Board of
in performing its oversight function, the Board of            Commissioners, and to provide advice to the Board of
Commissioners has formed 4 (four) committees, namely          Directors so that the implementation of the Bank’s risk
the Audit Committee, the Risk Monitoring Committee,           management continues to meet the elements of adequate
the Remuneration and Nomination Committee and the             risk management procedures and methodologies so that
Integrated Governance Committee.                              the Bank’s business activities can continue to run well with
                                                              a controlled level of risk.




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                      Company Profile




The Remuneration and Nomination Committee has                  Changes in the Composition of the Board of Commissioners
assisted the Board of Commissioners in carrying out its        In 2023, the composition of the members of the Board of
supervisory and coaching functions towards the Board of        Commissioners of the Company was changed as the result
Directors and its staff with regard to the implementation of   of the Annual General Meeting (AGM) held on February 24,
the remuneration and nomination policies, including those      2023. At the AGM on that date, it was decided to appoint Mr.
related to the overall remuneration policy for employees,      Hizbullah as an Independent Commissioner. The appointment
the Board of Commissioners and the Directors; as well as       of Mr. Hizbullah was approved by the Financial Services
in making proposals to the Board of Commissioners, to          Authority based on the decision of the members of the OJK
be appointed by the General Meeting of Shareholders,           Board of Commissioners number KEPR-81/D.03/2023 dated
of candidates who meet the requirements to become              July 25, 2023, and is effective from July 31, 2023, based
members of the Board of Directors and/or members of            on Bank Mega’s letter number 112/COAF/23 dated July
the Board of Commissioners.                                    31, 2023, regarding the submission of the report on the
                                                               appointment of Bank Mega’s Independent Commissioner
In addition, within the framework of the Mega Corpora          to the Private Bank Supervision Department 1, Financial
Financial Conglomerate, of which Bank Mega is the              Services Authority.
main entity, the Board of Commissioners, in order to
carry out its duties and responsibilities, has formed an       Thus, after the AGMS, which was held on February 24,
Integrated Governance Committee. This Committee                2023, the Board of Commissioners consisted of 5 (five)
has performed its duties and responsibilities well in          people, with the composition of the members of the Board
carrying out its supervisory duties and functions over         of Commissioners until this Annual Report was prepared
the implementation of governance at each financial             as follows:
services institution (LJK) in the Mega Corpora Financial
Conglomeration so that it is in accordance with the            President Commissioner             : Chairul Tanjung
Integrated Governance Guidelines.                              Vice President Commissioner        : Yungky Setiawan
                                                               Independent Commissioner           : Achjadi Ranuwisastra
                                                               Independent Commissioner           : Lambock V. Nahattands
                                                               Independent Commissioner           : Hizbullah




 40                        PT BANK MEGA Tbk        2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
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                                                                          PT BANK MEGA Tbk        2023 Annual Report




Appreciation
We would like to thank the entire Board of Directors and       We also thank shareholders, customers, partners and all
all employees for their hard work and dedication in helping    stakeholders for their trust and support, which enables Bank
Bank Mega respond to the business challenges that arose        Mega to deliver value to stakeholders while contributing to
during 2023. The Board of Commissioners believes that          sustainable development in Indonesia. Finally, the Board
2023 has provided many very valuable lessons. For this         of Directors would like to thank the Government of the
reason, the Board of Commissioners hopes that the Board        Republic of Indonesia and the Financial Services Authority
of Directors and all Bank Mega employees will continue to      (OJK) for their continued support to the banking industry,
accelerate digital transformation, increase efficiency, and    including Bank Mega.
implement adaptive strategies while prioritizing prudence
to achieve better and more sustainable performance in
the years to come.




                                         On behalf of the Board of Commissioners




                                                      Chairul Tanjung
                                                 President Commissioner




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         Company Profile




Board of Commissioners




             Hizbullah                                Yungky Setiawan
     Independent Commissioner                   Vice President Commissioner




42            PT BANK MEGA Tbk   2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
Page 43
                                                                         PT BANK MEGA Tbk      2023 Annual Report




        Chairul Tanjung                        Achjadi Ranuwisastra                Lambock V. Nahattands
    President Commissioner                   Independent Commissioner              Independent Commissioner




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                     Company Profile




Board of Directors Report



                Bank Mega’s Loan to Deposit Ratio (LDR) is 74.03%,
                which is in line with the Bank’s policy of maintaining the
                LDR ratio at around 70% so that the Bank’s liquidity is well
                maintained. The minimum capital adequacy ratio or CAR,
                                                                                                                 “
                after taking into account credit, market, and operational
                risks, is 26.17%, which reflects Bank Mega’s strong
                capital structure.

        Our Esteemed Shareholders and Stakeholders,




                                                                                     74.03
We have both navigated the year        Global and National Economic                                                    %
2023 with various political and        Conditions
economic dynamics, with various        Early 2023 will be the beginning of
challenges from both domestic and      the end of the pandemic, so the world
external sides. In the midst of the    is very optimistic that there will be a
global and Indonesian economic         global economic recovery. However,            Loan to Deposit Ratio
dynamics, Bank Mega is still able      the dynamics of the global economy            (LDR)
to maintain its position as one of     are in a state of rapid change, and there     Bank Mega’s Loan to
the leading banks in Indonesia.        is a great deal of uncertainty as a result    Deposit Ratio (LDR) is
We are building a solid foundation     of the dynamics of the developed              74.03%
and focusing on collaboration and      countries, which have a global impact.
innovation to address challenges and   The United States continues to face
seize opportunities.                   above-target inflation, high interest
                                       rates and mounting fiscal pressures
We will use the achievements in 2023   that are overshadowing a weakening
as a springboard to jump higher in     economy. Trade tensions between the
the following years, making Bank       United States (US) and China continue,
Mega a bank that grows sustainably.    affecting the decline in exports and
                                       imports between the two countries
                                       and the volume of global trade.

                                       In addition, geopolitical and economic
                                       fragmentation is increasing with the
                                       ongoing Russian war in Ukraine. This




 44                       PT BANK MEGA Tbk     2023 Annual Report         Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk      2023 Annual Report




                                                                                     Kostaman
                                                                                     Thayib
                                                                                     President Director




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                        Company Profile




is resulting in limited supplies and continued high global        Amidst these economic conditions, Indonesia’s banking
energy and food prices. Geopolitical tensions in the Middle       industry remains resilient and competitive as of November
East region and around the world have been heightened             2023. The Financial Services Authority stated that this
by recent tensions between Israel and Palestine. As a result,     condition is supported by the relatively high level of return
inflationary pressures from global energy and food prices,        on assets (ROA) and capital adequacy ratio (CAR) at 2.72%
as well as tight labor markets in a number of developed           and 27.86%, respectively.
countries, have contributed to a slowdown in the global
economic recovery.                                                In terms of intermediation performance, credit grew by
                                                                  9.67% yoy in November 2023, with the highest growth in
Extreme cold weather in Europe in early 2023 is one of the        working capital credit at 10.14% yoy. Meanwhile, the credit
factors slowing the economic recovery process. Energy             quality is maintained with the net NPL ratio of banks at
and food supplies became very limited as a result of the          0.75% and the gross NPL ratio at 2.36%.
Russia-Ukraine war, slowing the region’s economic recovery.
Meanwhile, the Asian region was hit by drought due to El          Meanwhile, the growth of third party funds (DPK) in
Niño. This forced authorities/governments to ensure food          November 2023 was recorded at 3.04% yoy, with deposits
supply and security as a step to reduce the inflation rate.       being the largest contributor to the growth at 3.50% yoy.

Based on these conditions, the IMF revised growth of the          Bank Performance Analysis 2023
world economy in 2023 will be only 3% and by OECD
2.9%. Inflation is also predicted to reach 5.8%, higher           Mega Bank Strategy and Policies
than the previous pandemic period. Amid world economic            Bank Mega constantly monitors economic conditions and
uncertainty, The Indonesian economy is expected to grow           developments in the banking sector to anticipate existing
well. Inflation has more quickly returned to its target range     challenges. Bank Mega’s strategic policy for 2023 is to
and is kept under control. Indonesian economy in 2023             continue what has been determined before, namely to
will increase by 5.05%. Controlled inflation throughout           transform into a bank based on ecosystem reliability and
2023 will be 2.61%, which is relatively low compared to           unify financial services and retail transactions.
other countries.
                                                                  Digital capability is one of the key elements, which is
In Indonesia, Bank Indonesia’s decision to raise interest rates   being further enhanced with the mobile banking solution,
was taken as a pre-emptive and forward-looking step to            namely M-Smile, to become one of the best mobile
reduce inflation expectations, which are currently still high,    banking solutions in the sector. New features included in
as well as to strengthen the policy to stabilize the Rupiah       the M-Smile application continue to be refined to make
exchange rate. This step has been taken to be in line with its    banking easier for customers.
fundamental value due to the strong US dollar currency and
high uncertainty in global financial markets, where domestic      Digital services are also being developed in the CT Corp
economic demand remains strong. Bank Indonesia also               ecosystem. These services are designed to integrate
continues to strengthen its policy mix response to maintain       financial and non-financial services. Bank Mega is also
stability and the momentum of economic recovery through           transforming its business model into a digital ecosystem
monetary operations and strengthening the stabilization of        to become a one-stop banking solution for customers.
the rupiah exchange rate through remaining in the market
as part of efforts to control inflation.                          In terms of loan disbursement, Bank Mega is selective and
                                                                  prudent in disbursing loans to borrowers with a good and
The impact of Bank Indonesia’s policy directly increases          proven track record, focusing on the corporate segment in
liquidity in the banking system. However, this increase in        response to economic conditions that are still fraught with
liquidity does not have a direct impact on bank lending, but      uncertainty, including national strategic projects and loan
actually increases bank investment, especially in securities.     disbursement to borrowers with strong finances, especially
                                                                  companies with solid ratings and financial conditions.




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                                                                           PT BANK MEGA Tbk         2023 Annual Report




In addition, joint financing segment credit distribution is    its asset and liability portfolio so as to continue to generate
carried out to multi-finance companies owned by banks          profits while paying attention to liquidity. In the midst of
or conglomerates.                                              challenging economic conditions that are still uncertain, in
                                                               2023 Treasury will still be able to take advantage of market
In order to maintain loan performance, Bank Mega takes         volatility by continuing to invest from the Bank’s excess
preventive measures, including early warning signals and       liquidity, managing the funding gap between assets and
regular on-site monitoring of activities in accordance with    liabilities, and ensuring the stability of the Bank’s liquidity
applicable regulations. This allows the Bank to monitor how    by looking at the number of High Quality Liquid Assets
the borrower’s business is developing and to be disciplined    (HQLA), Liquidity Coverage Ratio (LCR), and Net Stable
in trying to meet the covenants.                               Funding Ratio (NSFR).

In the credit card business, the strategy implemented is to    The Board’s Role in Strategy and Policy Formulation
increase acquisition by focusing on customers with a lower     The Board of Directors, in accordance with the mandate
risk profile. Meanwhile, the increase in sales volume will     set forth in the Board Manual, formulates strategies and
be achieved by selecting the right merchants to focus on       strategic policies to be implemented in 2023. The Board
e-commerce programs as a source of transaction growth,         of Directors plays an active role in the formulation of
and by leveraging the ecosystem of PT CT Corpora, both in      strategies and strategic policies as part of its duties and
the offline and online channels, as a key strategic partner.   responsibilities. The strategies and policies established by
                                                               the Board of Directors are always in line with the Bank’s
Bank Mega is also developing a payment gateway as an           vision and mission as set forth in the Bank’s Business Plan,
online transaction processing gateway to support the           which is approved by the Board of Commissioners.
bank’s merchant acquiring business, both for e-commerce
transactions originating from the ecosystem of PT CT           Processes Conducted by the Board to Ensure the
Corpora Group (“CT Corp”), which can increase fee-             Implementation of Strategies and Policies
based income from credit cards. In addition, the M-Smile       In order to ensure that the Bank’s strategies and policies
application has developed features to perform transactions     are well implemented, the Board of Directors periodically
such as application for new credit cards and additional        evaluates the Bank’s strategies and policies as part of the
cards, transactions using QR, registration of recurring        Board’s active role in ensuring that strategy implementation
payments, cash loans from cards, and others.                   is in line with the Bank’s goals, vision and mission. The
                                                               Board of Directors also plays an active role in ensuring
Bank Mega has also applied technology in credit card           that the Bank’s strategy is understood by all parts of the
application process with biometrics, alternative scoring,      organization and that it is consistently implemented in
electronic signature and other technologies for fast and       each of the business units.
quality credit approval.
                                                               The Board is directly involved in monitoring the
The strategy for third-party funds is to focus on the retail   implementation of the strategy and ensuring that all
segment by increasing the number of Priority Banking           parts of the organization have equal opportunities to
customers. Strategic steps to achieve this are made by         communicate ideas and innovations that can support the
further developing digital banking services and improving      achievement of the Bank’s goals. In this process, the Board
overall customer experience.                                   is supported by committees reporting to the Board.

The Bank continues to make efforts to perfect the product      2023 Performance and Comparison with Target
variants and to provide faster, better, and more accurate      Throughout 2023, Bank Mega has implemented the
services to the customers. The development of M-Smile for      business strategy set forth in the Bank’s Business Plan;
the needs of savings customers continues to be improved        however, the economic conditions, which are still
in terms of the reliability and completeness of products       challenging and filled with uncertainty, are affecting the
such as term savings products, foreign exchange products,      Bank’s business strategic plans. These conditions require
foreign exchange transactions and others.                      the Bank to make several adjustments in order to maintain
                                                               the continuity of its business. The achievement of business
From a treasury perspective, Bank Mega is actively and         performance and financial conditions in the Bank’s 2023
conservatively managing its business prudently to maintain     Business Plan (RBB) reported to the OJK has generally not




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                        Company Profile




shown optimal results, especially in the areas of third-party       namely 71.17% of the total TPF or Rp63.65 trillion. For
funds and loans. However, savings as a component of                 this business achievement, Bank Mega recorded a profit
cheap funds increased by 6.32% to Rp15.66 trillion from             before tax of 4.34 trillion Rupiah or a profit after tax of
Rp14.73 trillion in the same period of 2022. Asset quality          IDR 3.51 trillion.
(gross NPL) remained well maintained at 1.57%. This is
better than the industry’s gross NPL position of 2.36% as           In terms of ratios, Return on Assets (ROA) reached 3.47%,
of November. Furthermore, Bank Mega’s strong capital                Return on Equity (ROE) reached 17.62% and Net Interest
structure as reflected in the CAR position of 26.17% and            Margin (NIM) reached 5.21%. The ratio of operating
strong liquidity as reflected in the LDR of 74.03%, gives           expenses to operating income (BOPO) is maintained at
the bank ample room to grow going forward.                          the level of 65.36%. The BOPO position is still better
                                                                    than the industry, which is 76.80% as of November 2023.
In 2023, the bank has assets of Rp132.05 trillion, with loan
disbursement of Rp66.29 trillion, where corporate loan is           Meanwhile, Bank Mega’s LDR is at the level of 74.03%,
the loan segment with the largest share of 68.21%, namely           which is in line with the Bank’s policy to maintain the
Rp45.22 trillion.                                                   LDR ratio at around 70% so that the Bank’s liquidity is
                                                                    well maintained. The minimum capital adequacy ratio
Meanwhile, the outstanding amount of credit cards of                or CAR after consideration of credit risk, market risk and
Bank Mega reached Rp6.33 trillion with a sales volume               operational risk is 26.17%, which is a reflection of Bank
achievement of Rp19 trillion in 2023. The increase in sales         Mega’s strong capital structure.
volume was supported by the growth of domestic and
international transactions, both online and offline. Third          The following table shows the performance achieved
Party Funds (TPF) collected by the Bank reached Rp89.44             against the targets set in the Bank’s Business Plan for the
trillion, with deposits accounting for the largest portion,         financial year 2023:


                                      RBB                      Actual                   Pencapaian                  Actual
          Description
                                    Dec-23                     Dec-23                     Target                   Dec-22
 Aset                                     144,883,578               132,049,591                     91.14%              141,750,449

 Kredit                                    75,702,760                66,292,896                     87.57%                70,289,357

 DPK                                      108,951,393                89,435,750                     82.09%              102,949,667

 - Giro                                    13,767,115                10,125,725                     73.55%                12,818,842

 - Tabungan                                16,051,941                15,662,241                     97.57%                14,731,561

 - Deposito                                79,132,337                63,647,784                     80.43%                75,399,264

 PBT                                        5,539,483                 4,342,729                     78.40%                 5,028,070

 PAT                                        4,463,389                 3,510,670                     78.65%                 4,052,678

 Rasio:

 KPMM (CAR)                                   26.81%                    26.17%                      97.61%                   25.41%

 ROA                                           4.09%                     3.47%                      84.84%                    4.00%

 ROE                                          22.47%                    17.62%                      78.42%                   23.15%

 NIM                                           5.27%                     5.21%                      98.86%                    5.42%

 BOPO                                         59.04%                    65.36%                     110.70%                   56.76%

 NPL gross                                     1.70%                     1.57%                      92.35%                    1.23%

 NPL net                                       1.34%                     1.18%                      88.06%                    0.91%

 LDR                                          69.26%                    74.03%                     106.89%                   68.04%




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                                                                             PT BANK MEGA Tbk        2023 Annual Report




Challenges Faced and Anticipation Action                          By 2023, the M-Smile function had 103 functions to
There are a number of things that the Bank considers              perform 733 types of transactions. With the addition of
to be the main challenges in 2023. Rising geopolitical            these features, the banking transactions conducted by
tensions will cause energy prices to remain high and food         customers through the M-Smile application have reached
prices to rise, resulting in slow global inflation declining      81% in terms of transaction frequency.
(gradual disinflation). To control persistently high inflation,
monetary policy rates in developed countries, including           The number of M-Smile users in 2023 reached more than
the Federal Funds Rate (FFR), remain high for an extended         54% of the total retail customers or an increase of 18%
period (higher for longer). The policy of the Fed is being        from 2022. In 2023, the volume of customer transactions
considered by Bank Indonesia (BI) to increase its key interest    via M-Smile shows a good increase to IDR 36.34 trillion
rate. This has an impact on increasing bank interest rates        from IDR 20.97 trillion in 2022, while the total transaction
and increasing the cost of funds. Due to these conditions,        frequency in 2023 increased to 9.0 million from 5.7 million
Bank Mega’s cost of funds in 2023 increased to 4.43% ytd          transactions in 2022.
from 3.05% ytd in 2022.
                                                                  Bank Mega is also participating in the digital payment
Uncertain economic conditions, rising loan interest rates         transformation in line with Bank Indonesia’s steps. In
also cause business actors to adopt a “wait and see”              fact, Bank Mega was one of the first banks to implement
attitude, thus affecting Bank Mega’s loan growth. Some            payments via QRIS MPM and CPM, QRIS transfer,
debtors have even accelerated repayment. However, the             withdrawal, deposit, QRIS cross-border and BI-Fast. Bank
decrease in third-party funds and loans did not affect Bank       Mega believes that speed and excellence in digitizing
Mega’s liquidity and credit quality, which is reflected in the    banking services and products will be an added value for
LDR position of 74.03% and gross NPL of 1.57%.                    the bank in the fierce competition in the banking industry
                                                                  in the future.
Other Services
                                                                  As an important issue in the banking industry, the bank
Information Technology                                            continues to strengthen its cybersecurity capabilities and
Information technology is seen as one of the keys to              capacity to be more proactive in improving IT security
sustainable growth in the banking industry. At present,           in anticipating virus and malware threats and mitigating
the majority of customers are accustomed to the use of            digital risks by updating the incident management platform
various digitally based platforms, and it is predicted that       and automating security testing of applications.
they will continue to be dependent on these services in
the future.                                                       Digital Marketing
                                                                  Since 2022, Bank Mega has formed a working unit
Bank Mega has presented a reliable digital banking                specifically dedicated to digital marketing. Through the
solution for retail customers by launching M-Smile, an            digital marketing channel, Bank Mega succeeded in
application-based banking service that integrates all             acquiring 25,266 new credit card customers in 2023, or
customers’ financial transaction needs, starting from the         a growth of 245% compared to 2022, when 7,322 new
need to open a new account online, making payments,               credit card customers were acquired, or about 30% of the
connecting with the marketplace ecosystem, and investing.         bank’s total growth in new credit card customers.
Through M-Smile, retail customers get a branch-like
customer experience at their fingertips.                          With various digital marketing campaigns throughout
                                                                  2023, Bank Mega managed to increase the satisfaction
M-Smile has provided real-time interbank transfer services        and loyalty score of credit card customers from a score of
with no fees through the BI-Fast feature. Apart from these        -27.1 to 9.8, as well as the users of the M-Smile application
features, the flexibility of credit card services at M-Smile      from a score of 4.9 to 27.3 at the end of 2023.
is further enhanced by the digital credit card application
feature. As a result, customers no longer need to wait for
a physical card to make transactions. In addition, there is
also a function to cash out the credit card limit into cash.




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                        Company Profile




Principal Activities and Types of Products and Services            interest rate by considering the prevailing market
Offered                                                            conditions when determining the interest rate for raising
Bank Mega is engaged in the business of providing banking          and providing funds. As a form of compliance with OJK
services by collecting and providing third party funds             Circular Letter No. 9/SEOJK.03/2020 on Transparency
and offering competitive interest rates to customers. The          and Publication of Reports of Conventional Commercial
products and services offered, including credit distribution,      Banks, Bank Mega discloses information on the basic
can be seen and described in the Company Profile chapter           lending rate (SBDK). The disclosure of information on the
in the discussion of Bank Mega’s products and services.            Base Lending Rate is in fulfilment of the Bank’s obligation
                                                                   as a commercial bank engaged in conventional business
Interest Rates for Saving and Lending                              activities to report and publish the Base Lending Rate
The Bank refers to both global and domestic economic               in Rupiah.
conditions that influence Bank Indonesia’s reference

                  Rupiah Credit Base Interest Rate Based on Business Segment in 2023 (Effective % per year)


                                 Corporation                                                      Konsumtion Credit
             Periode                               Retail Credit       Micro Credit
                                   Credit                                                       KPR              Non KPR
 March 2023                          10.37%            10.64%                 -                10.65%               9.52%

 June 2023                           10.31%            10.58%                 -                10.63%               9.50%

 Sept 2023                           10.29%            10.56%                 -                10.60%               9.50%

 Dec 2023                            10.29%            10.56%                 -                10.62%               9.53%



Organizational Structure and Human Resources                       Throughout 2023, the bank has implemented 1,367 training
                                                                   program classes, attended by more than 100 thousand
Organizational Structure                                           participants, which include skills certification, hard and soft
                                                                   skills training and leadership. Organizing training according
The dynamic development of the organization and changes            to the needs and objectives of learning, namely face-to-
in the business make the organizational structure of the           face and digital learning using virtual learning, hybrid and
Bank play an important role in the achievement of the              e-learning methods. Digital learning is the Bank’s effort to
Bank’s goals. When determining the organizational                  harness technological and digital developments so that
structure, Bank Mega always carries out studies that               employee capacity building can take place anywhere,
take into account various factors that can increase the            anytime.
effectiveness and efficiency, as well as ensure the continued
continuity of the Bank’s organization.                             In addition, the Bank continuously organizes leadership and
                                                                   entrepreneurship development programs to prepare future
The organizational structure of Bank Mega in 2023 is               leaders through the Mega Management Development
presented in the Company Profile in this Annual Report.            Program (MMDP). The MMDP provides participants with
                                                                   a comprehensive understanding of banking business
Human Resources                                                    processes from both an academic and practical perspective.
Human Resources (HR) is the most important element                 Graduates of the MMDP program have been placed in
and greatest asset, as well as a strategic partner in the          various work functions, and currently several of the best
achievement of the company’s vision. Therefore, the                graduates have occupied key positions, both structural
management of human resources is a major concern for the           and functional.
Bank in order to achieve sustainable positive performance.
By the end of 2023, the number of employees will be 6,244,         Ultimately, it is expected that the human resources will be
and Bank Mega has continuously implemented various                 able to adapt quickly to the existing transformations and
types of development and training programs to be able              changes so that they will be able to provide the best and
to respond to challenges and adapt quickly to market               most optimal contribution to the Bank.
changes, especially in the banking industry.




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                                                                            PT BANK MEGA Tbk         2023 Annual Report




Number, Type and Location of Offices
The Bank’s network of offices, in the form of branches, is an    Meanwhile, 2024 is a political year in Indonesia where
essential part of the Bank’s operational and intermediation      elections will be held. Investment activities during elections
functions, as well as the main channel for the sale of banking   usually experience a slowdown as investors adopt a “wait
products. In the development of the branch network, the          and see” attitude. However, it is hoped that the election
Bank also synergizes with the corporate branch network           will be peaceful so that it will not affect investors’ plans
of the PT CT Corpora Group.                                      to invest in Indonesia. Indonesia’s economic growth is
                                                                 estimated to be in the range of 4.9% - 5.2% as reported
In 2023, Bank Mega will offer various banking products           by the Ministry of Finance / APBN (5.2%), Bank Indonesia
and services through a network of 367 branches and 582           (4.87% - 5.5%), IMF (5%) and World Bank (4.9%).
ATMs located throughout Indonesia under the coordination
of 8 regional offices.                                           These macroeconomic conditions require the right strategy
                                                                 for further growth and achieving the goals set in Bank
Working Network and Business Partners                            Mega 2024 RBB, including:
Bank Mega also continues to collaborate with various             1. Increase in third-party funds with an increased focus
business partners, both retail business units under CT               on retail customers.
Corp and non-group, to enhance the bank’s resilience,            2. Increasing loan distribution, while remaining based
competitiveness and efficiency. During 2023, Bank Mega               on prudential banking and paying close attention to
has collaborated with various business partners to provide           the industry to be financed.
financial product services and various best transaction          3. Focus on increasing credit card business.
access options to customers, including collaborating on          4. Focus on increasing Fee Base income from Treasury
bancassurance products, joint financing, e-commerce and              and other businesses.
others by utilizing the Bank’s network and customers. as         5. The LDR ratio target by Bank policy ranges at the
a targeted market.                                                   70% level.
                                                                 6. Increase efficiency in other costs with a BOPO ratio
Ownership of the Board of Directors, Board of                        target of around 63%.
Commissioners and Shareholders in the Banking Group              7. Transformation of information technology to
The share ownership (direct and indirect) of the serving             support the development of digital retail and
members of the Board of Directors and the Board of                   banking business, mitigation of operational risks and
Commissioners is in accordance with what is stated in                efficiency of operational costs through automation of
the chapters “Company Profile” and “Governance Report”               operational processes.
of this Annual Report.
                                                                 Implementation of Bank Governance
Significant Changes in the Bank and the Banking Group            Bank Mega is committed to the consistent and quality
There will be no significant changes in the Bank or the          implementation of Good Corporate Governance (GCG)
Bank Business Group until 2023.                                  in all aspects of the Bank’s operational business activities.
                                                                 The good implementation of GCG has become a
2024 Business Outlook                                            requirement to ensure transparency and accountability
Geopolitics is expected to continue in 2024, which could         of the Bank’s management to the public in order to provide
impact global economic growth. Bank Indonesia reported           consistent and quality value added to shareholders and
that with global economic uncertainty still very high            other stakeholders.
in 2024, global economic growth has the potential to
grow only 2.8%. This is caused by the emergence of the           During the year 2023, Bank Mega also maintained its
phenomenon of gradual disinflation or inflation which is         commitment to the implementation of good governance
slowly falling, the benchmark interest rates of developed        to ensure that the business and operational practices are in
countries, especially the US, which are still high or higher     a corridor that is in accordance with legal regulations and
for longer, the US dollar will continue to strengthen, and       best practices in governance. The Board of Directors, the
finally, the flow of foreign capital will still leave emerging   Board of Commissioners, and all Bank Mega employees
markets to developing countries. continue. In January,           are committed to implementing the best governance
however, the IMF revised its forecast for global economic        practices so that every program.
growth to 3.1% in 2024. The global economy is entering
the final phase of a soft landing as inflation continues to      In the implementation of the GCG, Bank Mega ensures
fall and economic growth remains solid. However, the             that the principles of corporate governance, namely
growth rate is still slow and turbulence may still occur.        transparency, accountability, responsibility, independence




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                       Company Profile




and fairness, can be applied at all levels of the organization   In line with the Mega Corpora Financial Conglomeration,
in the bank’s activities. The Bank’s business activities must    the Bank as the Main Entity has performed its duties and
always be conducted according to the Bank’s Vision,              responsibilities by forming 2 (two) committees, namely
Mission, Corporate Values and Strategy, which are based          the Integrated Risk Management Committee and the
on the prudential principles and regulations issued by the       Integrated Governance Committee.
Financial Services Authority (FSA), Bank Indonesia, and
applicable laws and regulations.                                 The Board of Directors assesses that in 2023, the
                                                                 implementation of the duties and responsibilities and the
To improve the quality of implementation of Good                 meetings of these committees are in accordance with the
Corporate Governance, Bank Mega consistently carries             rules and regulations and take place effectively. In 2023, the
out quality measurements of GCG implementation carried           Board’s participation in the committee meetings, including
out independently (self-assessment) by Financial Services        the decisions made during the meeting discussions, will
Authority Circular No. 13/ SEOJK.03/2017 concerning              also be used as a reference in assessing the performance
Implementation of Corporate Governance Commercial                of the committees under the Board.
banks. As a result, the Bank consistently gets value 2 (two)
with the predicate “Good” according to a self-assessment         Commitment and Implementation of Environmental,
carried out every semester. Meanwhile, according to the          Social and Governance Policies
letter OJK No.SR-22/PB.31/2024, dated 15 February 2024,          Bank Mega is committed to the protection of the
implementing Bank Governance for June 2023 is Good,              environment, always paying attention to social aspects,
and the position in December 2023 is Fair.                       as well as the implementation of good governance. In
                                                                 this case, the Bank has implemented several policies
On the other hand, as part of implementing GCG,                  and practices to comply with environmental, social and
the Bank is also consistent in implementing risk                 governance (ESG) standards.
management aspects.
                                                                 In addition, in order to implement the Financial Services
Bank Mega routinely monitors and evaluates the                   Authority Regulation No. 51/POJK.03/2017 on the
implementation of risk management, which is carried              implementation of sustainable finance, Bank Mega is
out in Board of Directors’ forums and joint meetings             fully committed to the implementation of a sustainable
of the Board of Directors and the Commissioners. Any             TJSL program.
inappropriate records regarding the implementation of risk
management are brought to the attention of the Board of          In 2023, the implementation of sustainable finance will be
Directors and the Board of Commissioners for correction          implemented in accordance with the Bank’s Sustainable
and to ensure that they are carried out in accordance            Finance Action Plan (RAKB). The implementation of
with the rules. Within the Group, Bank Mega is the main          Bank Mega’s sustainability principles will be thoroughly
entity in the implementation of integrated governance            discussed and presented in the Sustainability Report, which
and integrated risk management in the Mega Corpora               is an integral part of the 2023 Annual Report.
financial conglomerate. In order to ensure its duties and
responsibilities as the Main Entity, Bank Mega has formed        The Bank’s Sustainable Finance Action Plan (RAKB) will
several working units to support the implementation of           implement sustainable finance in 2023. Implementing Bank
the Mega Corpora Financial Conglomeration.                       Mega’s sustainability principles is discussed thoroughly
                                                                 and presented in the Sustainability Report, an inseparable
Assessment of the Performance of Committees Under                part of the 2023 Annual Report.
the Board of Directors
Based on applicable laws and regulations, the Board of           Changes in the Composition of the Board of Directors
Directors can form a support unit to assist in the smooth        The Annual General Meeting of Shareholders (AGMS),
implementation of the Board of Directors’ daily duties           which was held on February 24, 2023, approved to add a
and responsibilities. Until the end of 2023, the Board of        Director specifically in the field of Information Technology,
Directors of Bank Mega has formed 8 (eight) Committees           related to technological developments and the need to
tasked with assisting the Board of Directors in managing         digitize business model in the Company. The AGMS
the Bank, namely the Risk Management Committee,                  approved that YB Hariantono be appointed as Director
Assets and Liabilities Committee (ALCO), Credit Policy           of Information Technology.
Committee, Information Technology Committee, Human
Resources Committee, and Product Committee, Crisis               The appointment of YB Hariantono has been approved
Management Committee, and Credit Committee.                      by the Financial Services Authority based on the decision




 52                         PT BANK MEGA Tbk         2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
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                                                                           PT BANK MEGA Tbk        2023 Annual Report




of the members of the OJK Board of Commissioners                President Director           : Kostaman Thayib
number KEPR-4/D.03/2023 dated March 20, 2023 and                Vice President Director      : Indivara Erni
is effective from March 27, 2023 based on Bank Mega’s           Vice President Director      : Lay Diza Larentie
letter number 058/COAF/23 dated March 27, 2023                  Compliance and               : Yuni Lastianto
regarding the submission of the report on the appointment       Human Capital Director
of Bank Mega’s Director of Information Technology to            Credit Director              : Madi Darmadi Lazuardi
the Private Bank Supervision Department 1, Financial            Treasury and International   : Martin Mulwanto
Services Authority.                                             Banking Director
                                                                Operations Director          : C. Guntur Triyudianto
Apart from that, the AGMS also approved the creation of         Information Technology       : YB Hariantono
the position of Vice President Director in the composition      Director
of the Bank’s Board of Directors on the agenda for
Amendments to the Articles of Association. In this case, the    Appreciation and Conclusion
AGMS approved that Indivara Erni and Lay Diza Larentie          In a year full of challenges and dynamism, Bank Mega
be appointed as Vice President Directors, respectively.         has achieved a positive performance, even if it has not
The appointment of Indivara Erni and Lay Diza Larentie          fully lived up to expectations. The current achievements
has been approved by the Financial Services Authority           will be used as a springboard to jump even higher in the
based on the decision of the members of the OJK Board           future. On behalf of the Board of Directors, we would like
of Commissioners No. KEPR-41/D.03/2023 dated June 6,            to express our gratitude and appreciation to the Board
2023 approving the appointment of Ms. Lay Diza Larentie         of Commissioners for their trust, guidance and input
as Vice President Director of PT Bank Mega Tbk and No.          throughout the year. We also thank and acknowledge our
KEPR-42/D.03/2023 dated June 6, 2023 approving the              customers, shareholders, regulators, the community and
appointment of Ms. Indivara Erni as Vice President Director     all other stakeholders for their support and cooperation.
of PT Bank Mega Tbk.
                                                                This good relationship has become an encouragement for
The appointment is effective from June 12, 2023 based           Bank Mega to continue to make a positive contribution
on Bank Mega’s letter number 100/COAF/23 dated June             through various innovations that meet customer needs
12, 2023 regarding the submission of reports on the             while ensuring that the Bank achieves quality and
appointment of Vice President Director of Bank Mega             sustainable growth.
to the Private Bank Supervision Department 1, Financial
Services Authority.                                             Finally, we would like to express our gratitude to all Bank
                                                                Mega employees for their enthusiasm and dedication
Accordingly, after the AGMS held on February 24, 2023,          in realizing the Bank’s vision “To be the Nation’s Pride”.
the number of Directors is 8 (eight) persons, with the
composition of the members of the Board of Directors
until this Annual Report has been prepared as follows:




                                             On behalf of the Board of Directors




                                                      Kostaman Thayib
                                                      President director




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                       Company Profile




   Board of Directors




  Martin Mulwanto            C. Guntur Triyudianto             Yuni Lastianto                     Indivara Erni
Treasury and International      Operations Director        Compliance and Human                   Vice President
    Banking Director                                          Capital Director                       Director


     54                      PT BANK MEGA Tbk   2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk      2023 Annual Report




      Kostaman Thayib                 Lay Diza Larentie           Y.B. Hariantono           Madi Darmadi Lazuardi
       President Director                 Vice President             Information                  Credit Director
                                             Director            Technology Director



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               Company Profile




Statements of Accountability of
2023 Annual Report



     Boards of Commissioner




                                          Chairul Tanjung
                                       President Commissioneer




         Yungky Setiawan                                              Achjadi Ranuwisastra
     Vice President Commissioner                                    Independent Commissioner




      Lambock V. Nahattands                                                   Hizbullah
      Independent Commissioner                                      Independent Commissioner




56                  PT BANK MEGA Tbk      2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
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                                                                             PT BANK MEGA Tbk       2023 Annual Report




We, the signatories, hereby stated that all information contained in the 2023 Annual Report of PT Bank Mega Tbk has
been comprehensively presented and that we are fully accountable for the accuracy of the contents of the Company’s
Annual Report.

This statement is made truthfully.



        Boards of Directors




                                                      Kostaman Thayib
                                                      President Director




         Indivara Erni                                Lay Diza Larentie                              Yuni Lastianto
    Vice President Director                       Vice President Director                          Compliance & Human
                                                                                                     Capital Director




Madi Darmadi Lazuardi                                 Martin Mulwanto                        C. Guntur Triyudianto
       Credit Director                            Treasury & International                         Operations Director
                                                     Banking Director




                                                      Y.B. Hariantono
                                                  Information Technology
                                                         Director


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           03
                Company
                Profile




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                                                                         PT BANK MEGA Tbk      2023 Annual Report




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                   Company Profile




Corporate Identity


     Company Name                                                  Shareholders
     PT BANK MEGA Tbk                                              PT Mega Corpora (58.02 %)
                                                                   Public <5% (41.98%)
     Ticker
     MEGA                                                          Jumlah Pegawai
                                                                   6244 employees (as of December 31, 2023)
     Date of Establishment
     April 15, 1969                                                Jaringan Kantor
                                                                   Regional Office         :8
     Legal Basis of Establishment                                  Branches                : 55
     Deed of Establishment PT Bank Karman No.                      Sub-branches            : 312
     32 dated April 15, 1969 Juncto Deed of                        Functional Office       :3
     Establishment No.47 dated November 26, 1969
                                                                   Mobile Banking Application
     Line of Business                                              Mega Smart Mobile (M-Smile)
     Banking Services
                                                                   Subsidiaries
     Commercial Bank License                                       -
     Minister of Finance Decree Republic of Indonesia
     No. D.15.6.5.48 dated August 14, 1969                         Address
                                                                   Menara Bank Mega
     Commercial Bank Licence                                       Jl. Kapten Tendean No. 12-14A
     Decision letter of Senior Deputy Governor of                  Jakarta Selatan 12790
     Bank Indonesia No. 3/1/KEP/DGS/2001 dated                     DKI Jakarta, Indonesia
     January 31, 2001                                              Mega Call: 08041500010/(+62)29601600
                                                                   Phone: (+62 - 21)7917 5000
     Foreign Exchange Licence                                      Email: corsec@bankmega.com
     Decision letter of Bapepam LK No. 20/STTD-                    Fax.: (+62 - 21) 7918 7100
     WA/PM/2000, August 2, 2000
                                                                   Website and Social Media
     Issued and Paid-Up Share Capital                                : bankmega.com
     Amounted to Rp13,500,000, - (in millions of                     : BankMegaID
     Rupiah) comprising of 27,000 millions of shares                 : @bankmegaid
     at nominal value of Rp500,- per share                           : @BankMegaID
                                                                     : Bank Mega Indonesia
     Issued and Paid-Up Share Capital                                : @bankmega
     Amounted to Rp5,870,462 (in millions of Rupiah)
     comprising of 11,740,923,365 shares at nominal
     value of Rp500, - per share




60                      PT BANK MEGA Tbk      2023 Annual Report      Refocus in Business Strategy for Sustainable Growth
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                                                                            PT BANK MEGA Tbk       2023 Annual Report




Company at a Glance




With the acquisition of PT Mega Bank in           of banking services due to the pandemic,
1996, CT Corpora (formerly known as PT            Bank Mega launched a mobile banking
Para Global Investindo and PT Para Rekan          application called M-Smile on April 15,
Investama, or PARA GROUP) began its               2020. This application makes it easier for
presence in the national banking industry.        customers to access banking information
After undergoing a transformation by              and services in one hand.
changing its logo to enhance its image
as a public trusted financial institution,        Previously, Bank Mega had also launched
PT Mega Bank changed its name to PT               a chatbot called Mila (Mega Intelligent
Bank Mega in 2000. Subsequently, PT Bank          Assistant) to make it easier for customers
Mega conducted an initial public offering         and the public to get informed about
(IPO) and was listed on the BEJ and the           Bank Mega’s products and services. The
BES, thus changing its name to PT Bank            AI engine in Mila can recognize natural
Mega Tbk and using the ticker MEGA.               questions. This enables it to answer
This corporate action was carried out in          questions appropriately.
order to strengthen the capital structure
of the Bank.

After becoming a public company,
Bank Mega received permission from
the Capital Market Supervisory Agency
- Financial Institutions (“BAPEPAM-LK”)
on August 2, 2000 to conduct business
activities as a trustee. A few months later,
the Bank obtained permission to operate
as a foreign exchange bank based on
the Decree issued by the Senior Deputy
Governor of Bank Indonesia No. 3/1/KEP/
DGS/2001 dated January 31, 2001.

Bank Mega’s active participation in the
national banking industry is growing,
supported by the existence of 8 regional
offices, 55 branches, 312 sub-branches
and 3 functional offices, which will be
reinforced by the existence of 595 ATMs as
of December 31, 2023. In addition, in line
with the faster adoption of digitalization




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                     Company Profile




Chronology of Changes to the Company Name
Historically, PT Bank Mega Tbk was established in the Republic of Indonesia under the name of PT Bank Karman which
is located in Surabaya on the basis of Deed of Establishment No. 32 dated April 15, 1969. Subsequently, the name was
changed again in 1992 to PT Mega Bank and relocated its head office to Jakarta. In line with the transformation process
after the takeover of PT Mega Bank by Para Group in 1997, a logo change was made, followed by a name change in
2000 to PT Bank Mega.

Finally, PT Bank Mega changed its name to PT Bank Mega Tbk on January 17, 2000 after conducting an Initial Public
Offering to strengthen the bank’s capital structure and become a public company.




Milestone
      1969              Starting as a family owned business called
                        PT Bank Karman, and domiciled in Surabaya.




      1992              The Company further changed its name in 1992 to
                        PT Mega Bank and relocated its Head Office to Jakarta.




      1996
                        PT Mega Bank was taken over by the PARA GROUP (PT Para Global Investindo and
                        PT Para Rekan Investama), a holding company owned by Chairul Tanjung, an Indonesian
                        entrepreneur. Afterwards, the PARA GROUP changed its name to CT Corpora.



      1997              PT Mega Bank changed its logo




      2000
                        The change of name from PT Mega Bank to PT Bank Mega was followed by an initial
                        public offering (IPO) and the listing of its shares on the BEJ and BES, as well as a
                        change of name to PT Bank Mega Tbk.




      2007              Bank Mega issued subordinated bonds.




      2013
                        The transformation of Bank Mega’s logo in 2013 is a profound reflection on the
                        expectations of Bank Mega to start building Indonesia into an unyielding nation with
                        excellence, always able to realize prosperity and a better life.




 62                       PT BANK MEGA Tbk       2023 Annual Report     Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk       2023 Annual Report




 2023
                   • QRIS TUNTAS (Transfer, Cash Withdrawal and Cash Deposit)
                   • QRIS Cross Border Launching




               2022              The launch of cash withdrawals at Bank Mega ATMs with the use of QRIS.




               2021              The Bank launched the Mega Payment Gateway and participated in the
                                 implementation of BI FAST.




               2020              The Bank launched M-Smile (Mega Smart Mobile) and participated in
                                 implementing QRIS.




               2019              The Mega Intelligent Assistant (MILA) chatbot was launched.




               2018              Launch of the Mega Cash Line.




               2017
                                 Launch of the Mega Travel Card credit card, which offers customers guaranteed
                                 competitive exchange rates, higher mileage, flexibility in mileage point exchange and
                                 lifetime benefits.



               2014
                                 Bank Mega participated in the launching of the National Non-Cash/GNNT Movement
                                 to support the Less Cash Society program.




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                           Company Profile




The Company Logo

                                                                               The logo of Bank Mega, which was launched in 2013,
                                                                               is a deep reflection of Bank Mega’s hope to take part in
                                                                               establishing Indonesia into an excellent nation which never
                                                                               gives up so that it will always be able to realize prosperity
                                                                               and a better life.

                                                                               The “M” symbol, which has been widely known, is
                                                                               a representation of the aspirations, optimism, and
                                                                               opportunities of the Indonesian citizens as well as the
                                                                               desire to build a better and more prosperous future for
                                                                               the family and nation.



                                                                               The series of warm colors symbolizes the energy and spirit
                                                                               of Bank Mega, new ideas and comprehensive financial
                                                                               solutions for customers and Bank Mega personnel. To
                                                                               emphasize, we have pinned the yellow color which
                                                                               represents intelligence and hope, combined with the
                                                                               gray color which symbolizes sophisticated processes and
                                                                               systems. The orange color depicts optimism and energy
                                                                               which shows that Bank Mega always sees and carries out
                                                                               things positively and thus always strives for positive results.




Business Activities
                                                                                                                  Business activities
                                                                                                                 carried out in 2023
                        Pursuant to the Deed of Amendment 2023
                                                                                                                Already           Not Yet
                                                                                                               Executed          Executed
Collecting funds from the public in the form of savings in the form of savings accounts, current accounts,         √
time deposits, certificates of deposit and/or other equivalent forms;

Channeling funds in the form of loans;                                                                             √

Carrying out activities related to paying systems;                                                                 √

Transferring funds for own or clients’ interests;                                                                  √

Placing funds with another bank, borrowing funds from another bank, either by letter, telecommunication            √
facilities, or by bearer draft, check, or other document;

Issuing and/or conducting transactions in promissory notes, bills of exchange, shares, bonds, loan                 √
securities or any derivatives thereof, other interests or an obligation of the issuer, State Treasury Papers
and Government Guarantee Papers, Bank Indonesia Certificates (SBI), in the form specified as commonly
traded in the capital market and money market (securities) for the benefit of banks and/or customers;

Providing a place for storage of goods and securities;                                                             √

Conducting foreign currency business activities;                                                                   √




64                               PT BANK MEGA Tbk              2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
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                                                                                                     PT BANK MEGA Tbk       2023 Annual Report




Transfer ke Semua
Bank Pakai BI-FAST

GRATIS
Tanpa Syarat di M-Smile!
           Download Sekarang




                                                                                                                       Business activities
                                                                                                                      carried out in 2023
                           Pursuant to the Deed of Amendment 2023
                                                                                                                     Already         Not Yet
                                                                                                                    Executed        Executed
   Carrying out activities related to transferring receivables, factoring, credit cards and fiduciary activities;       √

   Conducting other activities with an approval of the Financial Services Authority (OJK).                                               √

   Performing capital investment activities in institutions that perform banking, capital market, insurance,                             √
   pension fund, financing and other financial services activities on the basis of the provisions of laws and
   regulations in the financial services sector or are called financial services institutions (FSIs) and/or other
   companies that support the banking sector by meeting the provisions set by the OJK;

   Conducting temporary capital investment activities outside the OJK in order to overcome the consequences                              √
   of credit failure with the condition that the investment must be withdrawn;

   Acting as pension fund founder and pension fund administrator in accordance with the provisions of laws                               √
   and regulations on pension funds;

   Cooperating with other FSIs and non-FSI in providing financial services to customers, and/or                         √

   Conducting other banking activities as permitted by prevailing laws and regulations.                                                  √




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                           Company Profile




Products and Services

Bank Mega offers a wide range of banking products, both savings and loans, to both individual and institutional customers.
These various banking products are equipped with various banking services to meet the needs of the customers. These
services include those related to treasury and international banking services, which are explained in the following table.


                                                                 Deposit Products
 Savings                                                   Current Accounts                                 Deposits

 •    Mega Dana             •   Mega Ultima                •    Mega Pro                                    •   Mega Depo
 •    Mega Maxi             •   Mega Valas                 •    Mega Bisnis                                 •   Mega Depo Valas
 •    Mega Berbagi          •   TabunganKu                 •    Mega Pro Valas                              •   Mega Depo On Call
 •    Mega Rencana          •   Rekening Dana              •    Mega Bisnis Valas
 •    Mega Perdana              Nasabah


                                                                   Loan Products
 Working Capital Loans                                     Investment Loans                                 Consumer Loans

 •    Checking Account (PRK)                               •    Term Loan                                   •   House Loan (KPR)
 •    Demand Loan (DL)                                     •    Mal Outlet Financing                        •   Housing Loan for Renovation (KPPR)
 •    Fixed Loan                                                                                            •   Car Loan (KPM)
 •    Account Receivable (A/R) Financing                                                                    •   Multipurpose Loan (KMG)
 •    Factoring Financing                                                                                   •   Implant Banking Program
                                                                                                            •   Developer Line

 Indirect Channels

 •    Mega Oto Join Financing
 •    Mega Multi Purpose Join Financing
 •    Mega Oto Pengalihan Portofolio
 •    Mega Multi Purpose Pengalihan Portofolio

                                                                   Trade Finance
 Export Products                                           Import Products                                  Guarantee Products

 •    Domestic Letter of Credit (SKBDN) Export             •    Letter of Credit (LC) and Domestic Letter   •   Bank Guarantee/Standby LC/Demand
 •    Domestic Letter of Credit (SKBDN) Collection              of Credit (SKBDN) Import                        Guarantee
      Basis                                                •    Inward Documentary Collection
 •    Outward Documentary Collection                       •    Shipping Guarantee
 •    Bank Guarantee                                       •    LC/SKBDN UPAS (Usance Payable
 •    Negosiasi Wesel Ekspor/Bills Discounting (LC/             At Sight) / UPAU (Usance Payable
      SKBDN)                                                    At Usance)
 •    Forfeiting (LC/SKBDN)                                •    Trust Receipt (LC/SKBDN)

                                                                       Services
 •    Mega ATM                                         •       Mega Wali Amanat                             •   Mega Intercity Clearing
 •    Mega Pass                                        •       Mega Concentration Account                   •   Mega E-Billing Settlement Bank
 •    Mega Call                                        •       Mega Automatic PIB                           •   Mega Payroll
 •    Mega Cash                                        •       Mega Custody Service                         •   Mega First Priority Banking
 •    Mega Auto Pay                                    •       Mega Security Agent                          •   Mega Virtual Account
 •    Mega Internet                                    •       Mega Transfer                                •   M-Smile
 •    Mega Internet Bisnis                             •       Mega Kliring                                 •   M-Money
 •    Mega Tax                                         •       Mega Inkaso
 •    Mega SDB (Safe Deposit Box)

                                                           Internasional Transactions
 •    Remittance

 Treasury

 •    Foreign Exchange Transactions (Spot, Forward & Derivatives)
 •    Money Market
 •    Marketable Securities / Bonds
 •    Structured Product




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                                                                               PT BANK MEGA Tbk       2023 Annual Report




Please refer to the Bank’s website, including the following        Digital Credit Card is a credit card in virtual form that can
link, for explanations of each banking product and service:        be applied via M-Smile and can be used immediately by
1. https://bankmega.com/id/personal/simpanan-                      customers after the application is approved for online
     individual/                                                   transactions without having to wait for a physical card.
2. https://bankmega.com/id/bisnis/simpanan-bisnis/
                                                                   The development of Face Check Registration on M-Smile
New Products and Services in 2023                                  is an easier, faster and shorter registration method with
Bank Mega is committed to develop new banking products             higher security through biometric technology features.
and services in 2023 to meet the needs of customers. The
new products and services to be developed are addition of          Digital Banking Services
new QRIS Cross Border countries (Malaysia & Singapore),            Bank Mega has launched a mobile banking application
Loan On Card on M-Smile, development of Digital Credit             called M-Smile on April 15, 2020. This application makes
Cards and Face Check Registration.                                 it easy for the customers to access the information and
                                                                   services of the bank in one hand. M-Smile offers various
QRIS Cross Border is an inter-country payment feature              features including digital account onboarding, mutation
via national payment QR Code interconnection. In                   information, billing, cardless cash withdrawals, transfers,
previous year, Bank Mega customers were able to do                 payments, purchases, prepaid recharge, investment (bonds
cross-border transactions in Thailand, in 2023 Bank Mega           & mutual funds), using QRIS with MPM, CPM TTM and
customers can also do cross-border transactions in Malaysia        Cross Border methods (Thailand, Malaysia & Singapore).
and Singapore.
                                                                   In addition, customers have the freedom to choose the
Loan On Card on M-Smile is the disbursement of                     source of funds for transactions. They can use savings,
cash funds on M-Smile from Customer’s Credit Card                  credit cards or electronic money. Customers can also
to Customer’s Bank Mega savings account using the                  manage their accounts independently, both savings and
installment method.                                                credit cards. They can update the latest promotions with
                                                                   benefits that customers can enjoy at any time.

In summary, the development of the innovation of digital services in the past five years can be described as follows:




                 2019                                          2020                                          2020

  Mega Mobile                                  Bank Mega upgraded M-Smile mobile          Addition of billers to the Buy (Data &
  Bank Mega launched the Mega Mobile           banking application                        Game Packs) & Pay Utility Bills (PDAM)
  mobile banking application for Savings       The latest M-Smile (Mega Smart Mobile)     feature
  users. At that time, the application could   application is now available for credit    Bank Mega has also added new
  be used for functions such as checking       card customers. It’s more complete,        billers such as data packages, games
  balances, transfers, and pay/purchase.       offers more convenience, and has a more    and utilities.
                                               modern look.




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                         Company Profile




      2020                                         2020                                           2020

Addition of accounts (Deposits,              Cardless cash withdrawal via M-Smile           Addition of QR function to M-Smile
M-Money and Savings)                         added                                          Bank Mega is involved in supporting the
To make it easier for customers to open      In order to make it easier for customers to    cashless payment movement, facilitating
accounts without visiting a branch,          make cardless cash withdrawals at ATMs,        customers to make payments to retailers via
Bank Mega offers account opening             Bank Mega offers a cash withdrawal             QRIS (QR Code Indonesian Standard) with
with different product options such as       feature via M-Smile. Customers only need       various sources of funds such as savings/
deposits, M-Money & various savings          to enter the cash withdrawal code into the     current accounts/credit cards/Money. The
through M-Smile.                             Bank Mega ATM.                                 QR menu on M-Smile is equipped with
                                                                                            the functions of Scan QR, Generate QR
                                                                                            & History QR.




      2021                                         2021                                           2021

Added a new customer registration            Addition of features for savings and           Addition of purchase, payment & top
feature using the M-Smile mobile             credit card services                           up billers
banking application, verified by             In order to provide convenience to             To increase the number of buy/pay/
Customer Service Video Banking (CSVB)        customers using Savings & Credit               recharge transactions, Bank Mega added
In order to increase customer acquisition,   Cards, Bank Mega has developed                 new billers to M-Smile, including payment
Bank Mega offers registration services for   service features including card blocking,      billers (SBN/MPN, loans and cable TV)
prospective Mega Bank customers via          scheduled transactions, setting credit card    and electronic money recharge.
M-Smile mobile banking with verification     limits, applying to increase credit card
via Customer Service Video Banking           limits, and others.
(CSVB) for prospective customers who
are interested in Mega Bank products,
so there is no need for registration in
the branch.




      2021                                         2021                                           2022

Development of the “Mutual Funds”            Addition of BI FAST transfer method            Development of online account opening
investment feature                           To make it easier for customers to             features
Untuk mempemudah Nasabah dalam               perform remittance transactions, Bank          To increase the acquisition of new
melakukan investasi reksa dana, Bank         Mega added BI Fast remittance method           customers, Bank Mega is developing
Mega mengembangkan fitur Investasi           with IDR 0 remittance fee to increase          an account opening feature on Mobile
Reksa Dana seperti pembuatan SID             acquisition of new M-Smile customers           Banking with customer validation using
Online, pembelian reksa dana dan             and mobile banking users.                      liveness checking and biometrics.
transaksi seperti top up, redeem &
switching.




                                                   2021                                            2022

                                             M-Smile appearance update in 2021              Development of cross-border QRIS
                                             To increase user satisfaction and provide      features
                                             the best experience in accessing mobile        To provide convenience for customers
                                             banking, Bank Mega has updated the             to carry out payment transactions non-
                                             appearance of M-Smile.                         cash overseas, Bank Mega is carrying
                                                                                            out QR Cross development Border by
                                                                                            collaborating with ASPI & Bank Indonesia.
                                                                                            Users can make QR Cross Border
                                                                                            transactions in countries we already work
                                                                                            with, switching to Indonesia (Thailand).




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                                                                                                PT BANK MEGA Tbk        2023 Annual Report




        2022                                                     2022
                                                                                                               2023
Addition of Obligation marketing                         Addition of billers for purchases,
channels                                                 payments & top ups                             Addition of cross-border QRIS countries
To provide convenience for customers                     In order to increase the number of             (Malaysia & Singapore)
investing in bonds, Bank Mega adds                       payment and recharge transactions,             To make it easier for customers to
investment services for bonds via                        Bank Mega added new billers to M-Smile,        make cashless payments abroad, Bank
M-Smile. Customers can place orders and                  including payment billers for SAMSAT           Mega is developing QR Cross Border in
transactions such as buying and selling                  DIGITAL NATIONAL (SIGNAL), PBB,                collaboration with ASPI & Bank Indonesia.
and view Bond portfolios via Mobile                      PDAM, Donate and Game Buy.                     Previously, Bank Mega customers could
M-Smile Banking.                                                                                        make cross-border transactions in
                                                                                                        Thailand. This year, customers can make
                                                                                                        cross-border transactions in Malaysia
                                                                                                        and Singapore.



         2023                                                     2023                                         2023
Development of QRIS TUNTAS                               Development of QRIS TUNTAS                     Development of M-Smile registration
(Transfer, Withdraw Cash & Deposit                       (transfer, cash withdrawal and cash            using Face Check
Cash)                                                    deposit), Development of digital credit        In order to make the registration process
Bank Mega also allows customers to                       cards                                          easier and safer for customers, Bank Mega
use the QRIS TUNTAS feature (cash                        In order to make it easier for customers to    has improved the M-Smile registration
withdrawal, transfer and deposit).                       make credit card transactions, Bank Mega       process with facial verification.
                                                         has developed the ability to display digital
                                                         credit cards so that customers can make
                                                         e-commerce transactions without using
                                                         a physical card.




         2023                                                      2023

Development of Loan On Card services                     Added Biller Pay, Buy & Top Up
at M-Smile                                               In order to make it easier for customers to
Bank Mega adds loan services to existing                 pay their bills, Bank Mega has added new
credit card customers by utilizing available             billers such as Airline Tickets, Insurance
credit card limits.                                      & Multifinance.




In line with the innovations developed above, Bank Mega was able to record an increase in the number of downloads
of the M-Smile application by 36.1% yoy to reach 870,300 in 2023. This increase also promoted an increase in the
number of users of the M-Smile application, which will reach 784,118 as of December 31, 2023, with a growth of 34.9%
yoy. Correspondingly, Bank Mega’s transaction value via M-Smile application increased by 73.32% yoy to Rp36,339
This growth in transaction value is supported by increasing the number of transactions to reach 8,842,330 or growing
by 56% yoy in 2023.


                      M-Smile application                 Position of M-Smile
      Year                                                                                   Transactions Total         Transaction Value
                      download position                    application user
      2023                      870,300                              784,118                      8,842,330                     36,339

      2022                      639,465                              581,311                      5,669,771                     20,967

      2021                      430,385                              394,564                      3,679,204                     10,737

      2020                      217,190                             286,977 *                     2,064,677                      4,893

      2019                       54,711                             119,292 *                     1,114,089                      2,720

*The beginning of the launch of M-Smile, user data combines M-Smile and Mega Mobile users.




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                     Company Profile




Operational Areas

Bank Mega has a network of offices providing banking services throughout Indonesia. The network consists of 8 regional
offices, 55 branches, 312 sub-branches and 3 functional offices which are strengthened by the presence of 582 ATMs
as of December 31, 2023. In addition, Bank Mega cooperates with 14 correspondent banks. These banks are located
in several countries.




  Complete information on the location of branches, ATM’s and correspondent banks is available at

                                                         https://bankmega.com/id/tentangkami/jaringan-bank-mega/




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                                                                                           PT BANK MEGA Tbk       2023 Annual Report




Association Membership

Bank Mega is engaged in the following organizational activities in addition to its business activities in the national
banking sector:


                                   Association Type                                                    Membership Status
 Perhimpunan Bank Umum Nasional (Perbanas)                                                                       Active

 Ikatan Bankir Indonesia (IBI)                                                                                   Active

 Asosiasi Emiten Indonesia (AEI)                                                                                 Active

 Forum Komunikasi Direktur Kepatuhan Perbankan (FKDP)                                                            Active

 Bankers Association for Risk management (BARa)                                                                  Active

 Himpunan Pedagang Surat Utang Negara (HIMDASUN)                                                                 Active

 Association Cambiste Internationale – Financial Markets Association (ACI FMA) Indonesia                         Active

 Asosiasi Sistem Pembayaran Indonesia (ASPI)                                                                     Active




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                            Company Profile




 Vision, Mission
 and Corporate Culture


                                                                                            Vision
                                                                                            The Pride of
                                                                                            the Nation

                               Nilai
                         Perusahaan


                           Dynamic
                     Open to change, Adaptive & Agile




 Entrepreneurship
       Creating business opportunities and continuous
                                                                                              Mission
improvement to achieve optimal company performance
                                                                                              Realizing sustainable good
                                                                                              relationships with customers

                                  Trust                                                       through innovative banking
                                                                                              services and synergies supported
                                                                                              by an integrated ecosystem,
                     Uphold Trust and act Professionally.
                                                                                              professional human resources
                                                                                              and the best organizational
                                                                                              performance capabilities to
                                      Ethics                                                  provide high added value for all
                                                                                              stakeholders.
                    Attitudes and behavior Enforce applicable
                                             Norms & Values.



                           Commitment
                         Strong will and determination to fulfill promises
                            consistently to provide the best contribution




                                                  Synergy
                                           Collaborating to produce much higher
                                                         Combined Added Value



   72                             PT BANK MEGA Tbk              2023 Annual Report   Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk      2023 Annual Report




“       Bank Mega launched a mobile banking application entitled M-Smile
        on April 15, 2020 which makes things easier for customers access
        bank information and services in one hand.




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                             Company Profile




 Organizational Structure

 Taking into account the future development of the Bank’s business, which requires an ideal organizational structure,
 and with the hope that each line of the organization will perform its functions in accordance with the goals of the
 Bank, the Bank’s Board of Directors has made adjustments to the organizational structure, as established in the Bank
 Mega Board of Directors’ Decree No. 091/DIRBM/23 dated July 31st 2023 via Struktur Organisasi PT. Bank Mega Tbk.

 The current organizational structure of Bank Mega, based on the Decree of the Board of Directors, is as follows:




                                                      Vice President Director




                                                                                                                   Credit Director     Treasury & International
                                                                                                                                          Banking Director




                                                          Retail Acquisition                                                                 Treasury &
                 CCPL Marketing       Funding &
Regional                                                    & Alternate                                              Credit Business
 RegionalHead
          Head     & Business          Wealth                                                                                                 Financial
                                                           Channel Sales                                                  Head             Institution Head
                  SupportHead         SalesHead
                                                                Head




                                                                                                                                             Treasury &
                 CCPL Product,                                                                      Business                                International
                                      Investment              Retail                                                   Corporate
                   Portfolio &                                                   Corporate         Performance                                 Banking
                                         Sales              Acquisition                                                  Sales
                   Acquisition                                                  Funding Head      Management &                                Business
                                         Head               Sales Head                                                   Head
                 Marketing Head                                                                   Analytics Head                            Support Head



                      CCPL
                                                                                Retail Product    Sales Process         Indirect
                   Partnership      Bancassurance
                                                                                Management        & Governance          Channel
                   & Acquiring        Sales Head
                                                                                    Head              Head               Head
                      Head




                                                                                                                       Strategic &
                                                                                                    Marketing
                  Telemarketing     Treasury Sales                                Customer                              Business
                                                                                                  Communication
                      Head              Head                                    Segment Head                          Development
                                                                                                      Head
                                                                                                                          Head




                                    Retail, Funding                                                  Digital
                                    & Wealth Sales                                                  Marketing
                                    Academy Head                                                      Head




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                                                                                                   PT BANK MEGA Tbk             2023 Annual Report




   Board of
Commissioners
                                                                      Risk Monitoring Committee, Audit
                                                                        Committee, Remuneration &
                                                                     Nomination Committee, Governance
                                                                           Integration Committee
PresidentDirector



                                                                     Steering Committees : Credit, ALCO,
                                                                     Human Capital,Risk Management, IT,
                                                                            Product, Credit Policy




                                                                    Vice President Director




                            Operations Director             Information                                               Compliance & Human
                                                        Technology Director                                             Capital Director




                                                                                                                                              Crime & Fraud
   Capital Market
                                                                                                                                               Investigation
   Services Head
                                                                                                                                                   Head




     Trustee &                             Account                             Operational Risk       Collection
                    Procurement                             Core Banking                                                   Compliance &       Internal Audit
      Agency                               Services                             Management            Strategy &
                    Services Head                           System Head                                                     GCG Head              Head
   Services Head                            Head                                    Head             Support Head




                                          Customer
                      Property &                                                  Credit Risk                                                   Financial
     Custodian                           Experience &        IT Electronic                          CCPL Collection         Anti Money
                    Facility Services                                            Management                                                      Control
   Services Head                        Customer Care       Channel Head                                Head              Laundering Head
                          Head                                                      Head                                                          Head
                                            Head



                                                                                    Market,
                      Centralized
                                           Network         IT Infrastructure       Liquidity &                             Human Capital
                        Credit                                                                      CCPL Remedial
                                          Operations           Service &        Integrated Risk                             Management         Chief of Staff
                      Operations                                                                        Head
                                            Head           Operations Head       Management                                    Head
                        Head
                                                                                      Head



                      Centralized                                               National Credit                           Human Capital
                                           Treasury          IT Project
                     Transactional                                                Review &          CCPL Recovery            Reward,
                                          Operations        Management
                      Operations                                                 Restructure            Head                Operations
                                             Head              Head
                         Head                                                        Head                                 & Services Head




                        Process                              Process &
                                                                                                    IT & Cyber Risk
                    Management &                              System            National Credit                           Corporate Affairs
                                                                                                     Management
                    Internal Control                        Development         Appraisal Head                                 Head
                                                                                                         Head
                         Head                                  Head




                                                                               Credit Collection
                                                           Transformation                           Corporate Legal
                                                                                 Remedial &
                                                            Project Head                                 Head
                                                                                Recovery Head




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                          Company Profile




Board of Commissioners’ Profile

The composition of the Board of Commissioners of Bank Mega as of December 31, 2023 was subject to changes in
accordance with the resolution of the General Meeting of Shareholders of February 24, 2023, one of the resolutions of
which was the approval of the appointment of Hezbollah as an independent commissioner. Accordingly, the composition
of the Board of Directors of Bank Mega as of 31 December 2023 is as follows:




                                             Per December 31, 2023                         Per December 31, 2022

 President Commissioner          Chairul Tanjung                                Chairul Tanjung

 Vice President Commissioner     Yungky Setiawan                                Yungky Setiawan

 Independent Commissioner        Achjadi Ranuwisastra                           Achjadi Ranuwisastra

 Independent Commissioner        Lambock V. Nahattands                          Lambock V. Nahattands

 Independent Commissioner        Hizbullah                                      -




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                                                                                     PT BANK MEGA Tbk           2023 Annual Report




The profiles of each member of the Board of Directors of the Bank serving until the financial year ending on
December 31, 2023 are as follows:




Chairul
Tanjung
President Commissioner
Born in Jakarta in 1962




Citizenship               Domicile
Indonesian                Jakarta




Legal Basis of Appointment                     Employment History                              Affiliate Relationship
Extraordinary GMS Resolutions dated November   • Chairman of the National Economic Committee   Ultimate shareholders of PT Bank Mega, Tbk.
15, 2017 and effective on June 4, 2018.           (2010—2014).
                                               • Coordinating Minister of Economic Affairs,    Training
Educational Background                            Kabinet Indonesia Bersatu II (May—October    • CT Corp Leadership Forum with YAB Dato’
• Dentistry from the University of Indonesia      2014).                                           Seri Anwar Ibrahim (Prime Minister of
   (1987).                                     • President Commissioner of PT Bank Mega,           Malaysia), CT Corp, January 9, 2023, Menara
• Executive MBA Program at the Educational &      Tbk (2018—present).                              Bank Mega Jakarta.
   Management Development Institute, Jakarta                                                   • Economic Outlook 2023: Maintaining
   (1993).                                     Concurrent Positions                                Economic Momentum Amid Uncertainty,
• Doctorate Honoris Causa from Airlangga       • President Commissioner of PT CT Corpora.          February 28, 2023, CNBC Indonesia, The
   University, Surabaya (2013).                • President Commissioner of PT Para                 St. Regis Hotel Jakarta.
• Doctorate Honoris Causa from Padjadjaran        Rekan Investama.
   University, Bandung (2013).                 • President Commissioner of PT Mega Corpora.
• Doctorate Honoris Causa from MARA            • President Commissioner of PT Trans Corpora.
   Technology University, Malaysia (2014).     • President Commissioner of PT Trans Airways.
                                               • President Commissioner of PT Private
                                                  Investment Indonesia.




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                            Company Profile




Yungky
Setiawan
Vice President
Commissioner
Born in Jakarta in 1962




Citizenship               Domicile
Indonesian                Jakarta




Legal Basis of Appointment                      •   Concurrent positions as Chief Executive       •   President Commissioner at PT Trans Indo
• Served as Vice President Commissioner of          Officer (CEO) of PT Mega Corpora (2010—           Treding.
   Bank Mega, based on the resolution of the        2011).                                        •   President Commissioner at PT Trans Living
   EGMS on February 28, 2018.                   •   Managing Director of PT Rajawali Corpora          Indonesia.
• Served as Commissioner of Bank Mega based         (2011—2012).                                  •   President Commissioner at PT Trans Indo
   on the results of the EGMS November 15,      •   Director of PT Indofood CBP Tbk (2012—            Importer.
   2017.                                            2015).                                        •   President Commissioner at PT Transindo
• Served as President Commissioner of Bank      •   President Commissioner of PT Bank Mega            Digital Retail.
   Mega, based on the results of the EGMS May       Tbk (2015—2017).                              •   President Commissioner at PT Trans Impor
   7, 2015.                                     •   Commissioner of PT Bank Mega Tbk (2017).          Indonesia.
                                                •   Vice President Commissioner of PT Bank        •   President Commissioner at PT Trans Burger.
Educational Background                              Mega Tbk (2018—present).                      •   President Commissioner at PT Trans Coffee.
• Bachelor of Science Business Administration                                                     •   President Commissioner at PT Trans Indo
   of City University Canada.                   Concurrent Positions                                  Distributor.
• Harvard Executive Program di Harvard          • Member of the Remuneration and Nomination       •   Commissioner of PT. Digital Payment System.
   Business School, Massachusetts - USA.           Committee of PT Bank Mega, Tbk.                •   Commissioner of PT. Trans Ice.
                                                • President Commissioner at PT Trans              •   Commissioner of PT. Trans F&B.
Employment History                                 Retail Indonesia.
• Card Marketing Manager, Card Center           • President Commissioner of PT Metropolitan       Affiliate Relationship
   Division of PT Bank Danamon Indonesia           Retailmart.                                    Has affiliate relationship with the Ultimate
   Tbk (1989).                                  • President Commissioner at PT Trans Fashion      Shareholders (in management).
• Vice President Product and Service               Indonesia.
   Development of PT Bank Danamon Indonesia     • President Commissioner at PT Trans Food         Training
   Tbk (December 1997).                            Oriental.                                      • CT Corp Leadership Forum with YAB Dato’
• President Director of PT Danamon Kreasi       • President Commissioner at PT Trans Retail.          Seri Anwar Ibrahim (Prime Minister of
   Pariwara (1997).                             • President Commissioner at PT Trans Rasa             Malaysia), CT Corp, January 9, 2023, Menara
• Concurrent positions as Marketing Director       Nippon.                                            Bank Mega Jakarta.
   of PT Danamon Asuransi (September—           • President Commissioner at PT Trans Rasa         • Economic Outlook 2023: Maintaining
   December 1997).                                 Oriental.                                          Economic Momentum Amid Uncertainty,
• Director of Retail Banking PT Bank Mega Tbk   • President Commissioner at PT Alfa Retailindo.       CNBC Indonesia, February 28, 2023, The St
   (1998—2004).                                 • President Commissioner at PT Trans Rasa Bali.       Regis Hotel Jakarta.
• President Director of PT Bank Mega Tbk        • President Commissioner at PT Trans Pizza        • Implementing APU, PPT, and PPPSPM
   (2004—2010).                                    Resto.                                             Programs to Support Reporting Obligations
• Vice President Commissioner of PT Bank        • President Commissioner at PT Metro Outlet           to PPATK, Bank Mega & PPATK, July 27, 2023,
   Mega Tbk (2010—2011).                           Indonesia.                                         Menara Bank Mega.
                                                • President Commissioner at PT Trans Mart.
                                                • President Commissioner at PT Trans Grosir
                                                   Indonesia.
                                                • President Commissioner at PT Trans
                                                   Distributor.
                                                • President Commissioner at PT. Trans Importer.




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                                                                                              PT BANK MEGA Tbk            2023 Annual Report




Achjadi
Ranuwisastra
Independent
Commissioner
Born in Kebumen in 1944




Citizenship            Domicile
Indonesian             Jakarta




Legal Basis of Appointment                         •   Commissioner PT Bank Mega Tbk (2004—             Training
• Served as Independent Commissioner of Bank           2006).                                           • CT Corp Leadership Forum with YAB
   Mega, based on the resolution of the Annual     •   Independent Commissioner PT Bank Mega                Dato’ Seri Anwar Ibrahim (Prime Minister
   GMS on March 24, 2006.                              Tbk (2006—Present).                                  of Malaysia), January 09, 2023, Bank
• As Commissioner since 2004 based on the          •   PT Bank Mega Tbk Audit Committee (2006-              Mega Tower.
   resolution of the Annual GMS on February            2013 and 2015-2022)                              • Implementation of the APU, PPT and PPPSPM
   27, 2004.                                       •   PT Bank Mega Tbk Remuneration Committee              programs to support the reporting obligations
                                                       (2008-2015)                                          to the PPATK, Bank Mega & PPATK, July 27,
Educational Background                             •   PT Bank Mega Tbk Risk Monitoring                     2023, Bank Mega Tower.
Bachelor of Economics, Department of Companies,        Committee (2013-2018)                            • Socialization of the Law No. 27 of 2022 on
Padjadjaran University, Bandung 1968.                                                                       the Protection of Personal Data, Bank Mega &
                                                   Concurrent Positions                                     Kominfo, August 15, 2023, Bank Mega Tower.
Employment History                                 • Chairman of the Remuneration and                   • Risk and Governance Summit (RGS)
• Served as Executive Officer in Bank Ekspor          Nomination Committee of PT Bank Mega                  2023: Sustainable Governance: Digital
   Impor Indonesia/Bank Exim in 1969, then held       Tbk effective March 1, 2022.                          Transformation as a Game Changer, Ethical
   several positions such as Branch Head accross   • Chairman of the Risk Monitoring Committee              Culture as a Value Keeper, OJK November
   Indonesia to Head of Bureau.                       PT Bank Mega Tbk effective March 01, 2022.            23, 2023, Online.
• Director Bank Ekspor Impor Indonesia/Bank        • Chairman of the Integrated Governance
   Exim (1992—1997).                                  Committee of PT Bank Mega Tbk effective
• Vice President Commissioner PT Bank                 August 18, 2021.
   Danamon Indonesia Tbk (1997—1998).
• Commissioner PT Bank Mega Tbk (1997—             Affiliate Relationship
   1998).                                          Has no affiliation with members of the Board
• President Director PT Bank Mega Tbk (1998—       of Directors, other members of the Board of
   2004).                                          Commissioners, or with the controlling shareholder
                                                   and ultimate control.




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                           Company Profile




Lambock V.
Nahattands
Independent
Commissioner
Born in Tarutung in 1952




Citizenship            Domicile
Indonesian             Jakarta




Legal Basis of Appointment                         •   Deputy Cabinet Secretary for Law and                Affiliate Relationship
The resolution of the Annual GMS on May 7, 2015,       Legislation, Deputy Cabinet Secretary,              Has no affiliation with members of the Board
and effective on December 18, 2015.                    Secretary to the Ministry of State Secretariat,     of Directors, other members of the Board of
                                                       Special Staff to the Minister of State Secretary,   Commissioners, and ultimate shareholders.
Educational Background                                 Special Staff to the President’s Chief of Staff,
• Bachelor of Law from Universitas Indonesia           Special Staff to the Coordinating Minister for      Training
   in (1978).                                          Political, Legal and Security Affairs, Special      • CT Corp Leadership Forum with YAB
• Master of Law from Tarumanegara University           Staff to the Coordinating Minister for Maritime         Dato’ Seri Anwar Ibrahim (Prime Minister
   in (2004).                                          Affairs and Investment.                                 of Malaysia), January 09, 2023, Bank
                                                   •   Received awards from the state of Wira                  Mega Tower.
Employment History                                     Karya, the Main Service Honor Star, and the         • Risk and Governance Summit (RGS)
• Ministry of State Secretariat of the Republic        Mahaputra Honor Star.                                   2023: Sustainable Governance: Digital
   of Indonesia (1979).                            •   Independent Commissioner of PT Bank Mega,               Transformation as a Game Changer, Ethical
• Acting Head of the Legal and Legislative             Tbk (2015—present).                                     Culture as a Value Keeper, OJK November
   Bureau of the Cabinet Secretariat, then         •   Head of Remuneration & Nomination                       230 2023, Online by Zoom.
   became Head of the Legal and Legislative            Commitee PT Bank Mega Tbk (2015-2018)               • BARA Risk Forum - Level 6 SMR Refresher
   Bureau. Subsequently, he held several           •   Audit Commitee Chairman PT Bank Mega                    Program: Indonesian Banks in Supporting
   positions as Head of the Legal and                  Tbk (2022)                                              Indonesia Towards a Low Carbon Economy,
   Legislation Bureau.                                                                                         BARa 8 December 2023, Online by Zoom.
                                                   Concurrent Positions
                                                   Special Staff for the Coordinating Minister of
                                                   Law and Legislation at the Coordinating Ministry
                                                   for Maritime and Investment of the Republic
                                                   of Indonesia.




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Hizbullah
Independent
Commissioner
Born in Padang in 1962




Citizenship              Domicile
Indonesian               Jakarta




Legal Basis of Appointment                        •   Head of Regional OJK, Regional Office          Training
The resolution of the Annual GMS on February          3 Central Java and DIY, Financial Services     • Economic Outlook 2023: Maintaining
24, 2023, and effective on July 31, 2023.             Authority (2016-2017).                             Economic Momentum Amid Uncertainty,
                                                  •   Director of LJK Supervision, Regional Office       February 28, 2023 - CNBC Indonesia, The
Educational Background                                8 Bali and Nusa Tenggara, Financial Services       St. Regis Hotel Jakarta.
• Bachelor of Economics from Andalas                  Authority (2017-2018).                         • Banking Risk Management Level 1
   University, West Sumatra (1986).               •   Head of Banking Supervision Department             Competency Certificate, BSMR dated March
• Masters in Economics from the University of         1, Financial Services Authority (2018-2022)        02, 2023, Jakarta.
   Indonesia (2004).                              •   Independent Commissioner of PT. Bank Mega      • Banking Risk Management Level 2
                                                      Tbk (2023-present).                                Competency Certificate, BSMR dated 16
Employment History                                                                                       March 2023, Jakarta.
• Joined the Bank Indonesia in 1992 as a          Concurrent Positions                               • Implementation of APU, PPT, and PPPSPM
   staff member of the UPBD Audit Office.         Chairman of the Audit Committee of PT Bank             Programs in Supporting Reporting
   Subsequently held several key positions at     Mega Tbk, effective September 01, 2023.                Obligations to PPATK, Bank Mega & PPATK,
   Bank Indonesia, most recently as Middle Bank                                                          July 27, 2023, Bank Mega Tower.
   Supervisor until 2012.                         Affiliate Relationship                             • Socialization of the Law No. 27 of 2022 on
• Deputy Director of Bank Supervision 1,          Has no affiliation with members of the Board           the Protection of Personal Data, Bank Mega &
   Central Java and DIY Regional Offices,         of Directors, other members of the Board of            Kominfo, August 15, 2023, Bank Mega Tower.
   Financial Services Authority (2012-2014).      Commissioners, and ultimate shareholders.          • Risk and Governance Summit (RGS)
• Deputy Director of Bank Supervision 2-1, Bank                                                          2023: Sustainable Governance: Digital
   Supervision Department 2, Financial Services                                                          Transformation as a Game Changer, Ethical
   Authority (2014).                                                                                     Culture as a Value Keeper, OJK November
• Director of LJK Supervision, Regional Office                                                           23, 2023, Online by Zoom.
   3 Central Java and DIY, Financial Services
   Authority (2014-2016).




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                              Company Profile




Board of Directors

The composition of the Board of Directors of Bank Mega as of December 31, 2023 was subject to changes in accordance
with the resolution of the General Meeting of Shareholders of February 24, 2023, one of the resolutions of which was
the approval of the appointment of Hezbollah as an independent commissioner. Accordingly, the composition of the
Board of Directors of Bank Mega as of 31 December 2023 is as follows:




                                               1 January 2022 – 31 Desember 2023             1 Januariy 2021 – 31 Desember 2022

 President Director                        Kostaman Thayib                               Kostaman Thayib

 Vice President Director                   Lay Diza Larentie                             -

 Vice President Director                   Indivara Erni                                 -

 Consumer Banking Director                 -                                             Lay Diza Larentie

 Risk Director                             -                                             Indivara Erni

 Credit Director                           Madi D. Lazuardi                              Madi D. Lazuardi

 Treasury and International                Martin Mulwanto                               Martin Mulwanto
  Banking Director

 Compliance and Human                      Yuni Lastianto                                Yuni Lastianto
 Capital Director

 Operations and Information                -                                             C. Guntur Triyudianto
 Technology Director

 Operations Director                       C. Guntur Triyudianto                         -

 Information Technology Director           YB Hariantono                                 -




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Page 83
                                                                                              PT BANK MEGA Tbk             2023 Annual Report




Kostaman
Thayib
President Director
Born in Palembang in 1962




Citizenship            Domicile
Indonesian             Jakarta




Legal Basis of Appointment                         Concurrent Positions                                  •   The 2023 Prudential International Insurance
The resolution of Annual GMS on April 17, 2013     Have no concurrent positions.                             Conference: New Horizons - Spotlighting
and effective on July 16, 2013.                                                                              areas of new growth and opportunities for
                                                   Affiliate Relationship                                    the future while strengthening PII’s existing
Educational Background                             Has no affiliation with other members of the Board        strong foundation, August 7-9 2023, Hawai.
• Bachelor’s degree in electrical engineering      of Directors, Board of Commissioners’ members,        •   Visa Executive Program - FIFA Women’s World
   from Trisakti University (1987).                controlling and ultimate shareholders.                    Cup 2023, August 18-21, 2023, Sydney.
• Master of Business Administration (MBA) in                                                             •   Meeting of the Governor of Bank Indonesia,
   finance & marketing and Master of Science       Training                                                  Minister of Finance and Banking, October 26,
   (MS) in technology management from              • CT Corp Leadership Forum with YAB Dato’ Seri            2023, Bank Indonesia.
   Portland State University, Oregon USA (1991).       Anwar Ibrahim (Prime Minister of Malaysia),       •   CEO Networking 2023: Achieving Sustainable
                                                       January 09, 2023, Mega Bank Tower.                    Growth through Cohesive Collaboration,
Employment History                                 • Artificial intelligence adoption in the financial       November 7, 2023, OJK & IDK, Jakarta.
• Operations Manager at PT Program Pendidikan          services industry, February 2, 2023, OJK          •   Bank Indonesia Annual Meeting 2023:
   Teknologi Komputer and then worked as an            Institute (online).                                   Synergy to Strengthen National Economic
   engineer in various software companies in       • Asia Pacific Senior Client Council 2023,                Resilience and Revitalization and Directions
   Indonesia (1987—1989).                              February 15-16, 2023, VISA , Tokyo - Japan.           of the President of the Republic of Indonesia,
• Deputy Head of Consumer Banking Division         • Economic Outlook 2023 - Maintaining                     November 29, 2021, Bank Indonesia.
   at Bank BCA (1992—2002).                            economic momentum amid uncertainty,               •   National Seminar on Indonesian Economic
• SVP and Group Head Consumer Liabilities              Februari 28, 2023, CNBC Indonesia.                    Outlook: Optimism for Strengthening the
   and Electronic Banking at Bank Mandiri          • Implementation of APU, PPT and PPPSPM                   National Economy amid Global Dynamics,
   (2002—2004).                                        programs to support reporting obligations to          Coordinating Ministry for Economic Affairs,
• President Commissioner of PT AXA Mandiri             PPATK, Bank Mega & PPATK, July 27, 2023,              December 22, 2023, Hotel St. Regis Jakarta.
   Financial Services-Indonesia (2003).                Bank Mega Tower.
• Director of Retail Banking PT Bank Mega Tbk      • Socialization of Law No. 27 of 2022 on the
   (2004—2012).                                        Protection of Personal Data, Bank Mega &
• Director of Business Development PT Bank             Kominfo, August 15, 2023, Bank Mega Tower.
   Mega Tbk (2012—2013).
• President Director of PT Bank Mega Tbk
   (2013—present).




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Page 84
                            Company Profile




Lay Diza
Larentie
Vice President Director

Born in Jakarta in 1967




Citizenship               Domicile
Indonesian                Jakarta




Legal Basis of Appointment                        •   Funding & Sales Distribution at Director PT      •   Indonesian Digital Financial Economy Festival
• Served as Vice President Director of Bank           Bank Mega Tbk (2017—2018).                           (FEKDI) 2023 - Digital Economy Synergy
   Mega, based on the resolution of the Annual    •   Consumer Banking Director at PT Bank Mega            and Innovation: Promoting Growth, Bank
   GMS on February 24, 2023.                          Tbk (2018—2023).                                     Indonesia and Ministry of Economic Affairs
• As a director of Bank Mega based on the         •   Vice President Director of PT Bank Mega Tbk          - Hall B, Jakarta Convention Center, May
   resolution of the Annual GMS on May 7, 2015,       (2023—present).                                      07, 2023.
   and effective on December 30, 2015.                                                                 •   Webinar How to Manage Climate Related
                                                  Concurrent Positions                                     Risk in Banking Industry OJK Institute - Online
Educational Background                            Have no concurrent positions.                            June 15, 2023.
Bachelor of business law from University of                                                            •   Socialization of the Law No. 27 of 2022 on
Indonesia (1990).                                 Affiliate Relationship                                   the Protection of Personal Data, Bank Mega
                                                  Has no affiliation with other members of the Board       & Kominfo, August 15, 2023.
Employment History                                of Directors, Board of Commissioners’ members,       •   Bank Mega Cybersecurity and Resilience
• Management Development Program at PT            controlling and ultimate shareholders.                   Awareness: Bank Mega & Xynexis, Bank Mega
   Bank Lippo Tbk with last position as Branch                                                             Tower, August 8, 2023.
   Manager (since 1990).                          Training                                             •   Indonesia Customer Forum (ICF) - Going
• Held various positions at PT Bank Lippo Tbk,    • Economic Outlook 2023: Maintaining                     Beyond The Frontier PT Visa Worldwide
   Citibank, HSBC, and Barclays Bank (2010).          Economic Momentum Amid Uncertainty,                  Indonesia - Bali, October 25-26, 2023.
• General Manager Distribution and Personal           February 28, 2023 - CNBC Indonesia, The          •   End of Year Dialogue between OJK Board
   Banking at Standard Chartered Bank (2010—          St. Regis Hotel Jakarta.                             of Commissioners and Financial Services
   2011).                                         • Mega Visa Virtual Card Workshop - Future               Industry, The St. Regis Hotel Jakarta.
• SVP Head of Network at HSBC Ltd (2011—              Payment Innovation, The St. Regis Hotel -        •   BARa Risk Forum - SMR Refreshment Program
   2014).                                             Visa Worldwide Indonesia Office, Plaza Office        Level 7: Indonesian Banks in Supporting
• Acting Head of Retail Banking and Wealth            Tower - Visa, March 30, 2023.                        Indonesia Towards a Low Carbon Economy,
   Management at HSBC Ltd (2014—2015).                                                                     Online - BARAa, December 7, 2023.
• Funding Director at PT Bank Mega Tbk
   (2015—2016).
• Funding & Network Director at PT Bank Mega
   Tbk (2016—2017).




 84                              PT BANK MEGA Tbk           2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
Page 85
                                                                                             PT BANK MEGA Tbk            2023 Annual Report




Indivara
Erni
Vice President Director

Born in Bekasi in 1967




Citizenship              Domicile
Indonesian               Bekasi




Legal Basis of Appointment                        Concurrent Positions                                 •   Bank Mega Cyber Security and Resilience
• Served as Vice President Director of Bank       Have no concurrent positions.                            Awareness, Bank Mega & Xynexis, August 8,
   Mega, based on the resolution of the Annual                                                             2023, Menara Bank Mega Jakarta.
   GMS on February 24, 2023.                      Affiliate Relationship                               •   Cyber Resilience Table Top Exercise at Bank
• As Risk Director of Bank Mega, based on the     Has no affiliation with other members of the Board       Mega by SEOJK No. 29/ SEOJK.03/2022
   resolution of Annual GMS on March 27, 2014,    of Directors, Board of Commissioners’ members,           concerning Cyber Resilience and Security for
   and effective on September 22, 2014.           controlling and ultimate shareholders.                   Commercial Banks, Bank Mega & Xynexis,
                                                                                                           August 8, 2023, Menara Bank Mega Jakarta.
Educational Background                            Training                                             •   English Course with native speakers, Wall
Bachelor of Economics from the University of      • CT Corp Leadership Forum with YAB Dato’                Street English, 2023, Online & Offline.
Padjadjaran (1991).                                   Seri Anwar Ibrahim (Prime Minister of            •   Socialization of Law no. 27 of 2022 concerning
                                                      Malaysia), CT Corp, January 9, 2023, Menara          Protection of Personal Data, Bank Mega &
Employment History                                    Bank Mega Jakarta.                                   Kominfo, August 15, 2023, Menara Bank
• Management Development Program (best            • Economic Outlook 2023 - Maintaining                    Mega Jakarta.
   graduate) at Bank Universal and held various       Economic Momentum Amid Uncertainty,              •   Managing Environmental, Social, and
   positions (1991—2000).                             CNBC Indonesia, February 28, 2023, Hotel             Governance Risk and Opportunities Webinar,
• His last position after the merger of Bank          St. Regis Jakarta.                                   OJK Institute, October 12, 2023, Online.
   Universal into Bank Permata was as Head of     • Half-Day Seminar Climate Change Stress             •   Risk and Governance Summit (RGS)
   Product Manager Division (until 2003).             Testing, BARa & Moody’s Analytics Singapore,         2023: Sustainable Governance: Digital
• Head of Supply Chain Banking Division PT            June 20, 2023, Ritz Carlton Hotel Jakarta.           Transformation as a Game Changer, Ethical
   Bank Mega Tbk (2003—2006).                     • Risk Management Certification Refreshment              Culture as a Value Keeper, OJK, November
• Head of Indirect Retail Financing Division PT       - BARa Risk Forum: ERM and Cyber Security            30, 2023, Shangrila Hotel Jakarta.
   Bank Mega Tbk (2006—2012).                         How to Mitigate And Protect, BARa, July 26,      •   BARa Risk Forum - Level 7 SMR Refreshment
• Regional Manager Jakarta PT Bank Mega               2023, Jakarta.                                       Program: Indonesian Banking in Supporting
   Tbk (2012—2013).                               • Implementation of APU, PPT, and PPPSPM                 Indonesia Towards a Low Carbon Economy,
• Head of Retail & Commercial Business Group          Programs in Supporting Reporting Obligations         BARa, December 7, 2023, Online.
   PT Bank Mega Tbk (2013—2014).                      to PPATK, Bank Mega & PPATK, July 27, 2023,
• Risk Director PT Bank Mega Tbk (2014—               Menara Bank Mega Jakarta.
   2023).
• Vice President Director of PT Bank Mega
   Tbk, who coordinates the areas of Risk
   Management, Compliance & Human Capital,
   Operations & IT (2023-present).




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                            Company Profile




Yuni
Lastianto
Compliance and
Human Capital Director
Born in Jember in 1959




Citizenship              Domicile
Indonesian               Jakarta




Legal Basis of Appointment                           Training                                           •   Socialization of Law no. 27 of 2022 concerning
The resolution of Annual GMS on March 29, 2012,      • CT Corp Leadership Forum with YAB Dato’              Protection of Personal Data, Bank Mega &
and effective on August 29, 2012.                        Seri Anwar Ibrahim (Prime Minister of              Kominfo, August 15, 2023, Menara Bank
                                                         Malaysia), CT Corp, January 9, 2023, Menara        Mega Jakarta.
Educational Background                                   Bank Mega Jakarta.                             •   FGD of the PPATK Collaborative Analysis
Bachelor of Economics from Gadjah Mada               • Meeting related to SEOJK regarding Risk              Working Team Regarding General Elections
University (1983).                                       Management Certification for Commercial            and Regional Head Elections (PPATK), PPATK,
                                                         Bank Human Resources, OJK, January 16,             August 22, 2023, Pullman Hotel Jakarta.
Employment History                                       2023, Le Meridien Hotel Jakarta.               •   Digital Maturity Effectiveness Webinar
• Auditor Bank-Officer at Bank Indonesia             • Webinar on Banking Trends in 2023, OJK               Assessment in Measuring the Maturity of
   (1983—1989).                                          Institute, January 17, 2023, Online.               Banking Digital Transformation, FKDKP,
• Head of Credit Audit Division at Bank              • Implementing Artificial Intelligence in the          August 28, 2023, Online.
   Universal (1990—1998).                                Financial Services Industry, OJK Institute,    •   Socialization of Financial Services Authority
• Head of Internal Audit Unit Bank Mega                  February 2, 2023, Online.                          Regulations regarding implementing
   Corporate Governance & Compliance Division        • Webinar on Insurtech Prospects in Indonesia,         Governance for Commercial Banks, OJK,
   Head Bank Mega Credit Administration                  OJK Institute, March 2, 2023, Online.              September 19, 2023, Menara Radius Prawiro
   Division Head Bank Mega (1999—2012).              • FGD Implementation of Intellectual                   Bank Indonesia.
• Compliance & Human Capital Director of PT              Property as Credit Collateral in Support of    •   OJK International Research Forum 2023 - Save
   Bank Mega Tbk (2012—2013).                            Government Regulation (PP) Number 24 of            the Planet: The Role of the Financial Sector
• Compliance Director & Good Corporate                   2022 concerning Implementing Regulations           to Support Carbon Reduction and Electric
   Governance of PT Bank Mega Tbk (2013 -                of Law No. 24 of 2019 concerning the OJK           Vehicles Development, OJK, September 25,
   2016).                                                Creative Economy, April 4, 2023, Online.           2023, Pullman Hotel Jakarta.
• Compliance & Human Capital Director of PT          • Webinar Anti Money Laundering in the             •   Dissemination of 2023 Financial Integrity
   Bank Mega Tbk (2016—present).                         Digital Era: Lessons Learned from Selected         Rating on Money Laundering and Terrorist
                                                         Countries, OJK Institute, April 6, 2023,           Financing (FIR on ML/TF) Measurement
Concurrent Positions                                     Online. Socialization of POJK No. 8 of 2023        Results, PPATK, November 2, 2023, Hotel
Have no concurrent positions.                        • concerning Implementation of the APU,                Bidakara Jakarta.
                                                         PPT, and PPPSPM Programs in the Financial      •   National Convention on the Draft Indonesian
Affiliate Relationship                                   Services Sector, OJK, July 6, 2023, Online.        National Qualifications Framework (RKKNI)
Has no affiliation with other members of the Board   • Socialization of Personal Data Protection Law,       for General Banking, OJK, November 24,
of Directors, Board of Commissioners’ members,           Perbanas, November 7, 2023, Online.                2023, Online.
controlling and ultimate shareholders.               • Webinar Implementation of Personal Data          •   Risk and Governance Summit (RGS)
                                                         Protection Laws and Challenges to Their            2023: Sustainable Governance: Digital
                                                         Implementation, FKDKP, July 12, 2023,              Transformation as a Game Changer, Ethical
                                                         Online.                                            Culture as a Value Keeper, OJK, November
                                                     • Implementation of APU, PPT, and PPPSPM               30, 2023, Online.
                                                         Programs in Supporting Reporting Obligations   •   PPATK Dissemination: Securing the Proceeds
                                                         to PPATK, Bank Mega & PPATK, July 27, 2023,        of Cross-Border Crimes Through the
                                                         Menara Bank Mega Jakarta.                          Implementation of Regulations Regarding
                                                     • Bank Mega Cyber Security and Resilience              Postponement, Termination and Blocking of
                                                         Awareness, Bank Mega & Xynexis, August 8,          Transactions, PPATK, December 14, 2023,
                                                         2023, Menara Bank Mega Jakarta.                    Pullman Hotel Jakarta.
                                                     • Cyber Resilience Table Top Exercise at Bank      •   Online Tax Class with the theme of Taxable
                                                         Mega by SEOJK No. 29/ SEOJK.03/2022                Income and Payment in the Current Year, Tax
                                                         concerning Cyber Resilience and Security for       Service Office, December 19, 2023, Online.
                                                         Commercial Banks, Bank Mega & Xynexis,
                                                         August 8, 2023, Menara Bank Mega Jakarta.




 86                               PT BANK MEGA Tbk             2023 Annual Report           Refocus in Business Strategy for Sustainable Growth
Page 87
                                                                                           PT BANK MEGA Tbk             2023 Annual Report




Madi D.
Lazuardi
Credit Director
Born in Jakarta in 1966




Citizenship               Domicile
Indonesian                Jakarta




Legal Basis of Appointment                       Concurrent Positions                                 •   Implementing the APU, PPT, and PPPSPM
The resolution of Annual GMS on April 17, 2013   Have no concurrent positions.                            Programs in Supporting Reporting Obligations
and effective on July 16, 2013.                                                                           to PPATK, Bank Mega & PPATK, 27 July 2023,
                                                 Affiliate Relationship                                   Bank Mega Tower.
Educational Background                           Has no affiliation with other members of the Board   •   Socialization of Law No. 27 of 2022 on the
• Bachelor’s degree in business administration   of Directors, Board of Commissioners’ members,           Protection of Personal Data, Bank Mega &
   from Katolik Atmajaya University (1989).      controlling and ultimate shareholders.                   Kominfo, August 15, 2023, Bank Mega.
• Master of Management in International                                                               •   Bank Mega Cyber Security and Resilience
   Finance from Gadjah Mada University (1998).   Training                                                 Awareness, August 8, 2023, Bank Mega &
                                                 • CT Corp Leadership Forum with YAB Dato’                Xynexis, Bank Mega.
Employment History                                   Seri Anwar Ibrahim (Prime Minister of            •   Corporate Outbound Training Main
• Banker at Bank Danamon and served several          Malaysia), January 09, 2023, Mega Bank               Directorate 2023, Oktober 21, 2023,
   positions, such as Corporate Banking,             Tower Auditorium Fl. 3.                              Bank Mega.
   Commercial Banking, Corporate Affairs         • Webinar on Blockchain Applications in the          •   BARa Risk Forum - SMR Refreshment Program
   and Special Asset Management & Human              World of Banking and Finance, February 8,            Level 7: Indonesian Banks in Supporting
   Resource (1989—2007).                             2023, Perbanas Institute.                            Indonesia Towards a Low Carbon Economy,
• Country Head of Business Banking in ABN        • Discussion on the Practice of Using Intellectual       Online - BARAa, December 7, 2023.
   Amro Bank NV (2007).                              Property Rights as Credit Collateral from a
• Managing Director Bank UOB Indonesia               Business Aspect, February 15, 2023, OJK,
   (2007—2011).                                      Jakarta.
• President Director/CEO Bank QNB Indonesia      • Economic Outlook 2023 - Maintaining
   (2011—2012).                                      economic momentum amid uncertainty,
• Credit Director of PT Bank Mega Tbk (2013—         Februari 28, 2023, CNBC Indonesia.
   present).




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Page 88
                            Company Profile




Martin
Mulwanto
Treasury and International
Banking Director
Born in Manila in 1968




Citizenship              Domicile
Indonesian               Jakarta




Legal Basis of Appointment                         Concurrent Positions                                 •   Socialization of Repo Transactions,
The resolution of Annual GMS on March 27, 2014,    Have no concurrent positions.                            Bank Indonesia May 29, 2023, Hotel
and effective on September 22, 2014.                                                                        Kempinski Jakarta.
                                                   Affiliate Relationship                               •   Implementation of APU, PPT, and PPPSPM
Educational Background                             Has no affiliation with other members of the Board       Programs in Supporting Reporting Obligations
SBachelor of Science from De La Salle University   of Directors, Board of Commissioners’ members,           to PPATK, Bank Mega & PPATK, July 27, 2023,
(1991).                                            controlling and ultimate shareholders.                   Menara Bank Mega Jakarta.
                                                                                                        •   Socialization of Law no. 27 of 2022 concerning
Employment History                                 Training                                                 Protection of Personal Data, Bank Mega &
• Management Trainee at Deutsche Bank and          • CT Corp Leadership Forum with YAB Dato’                Kominfo, August 15, 2023, Menara Bank
   then served as a Treasury Dealer (1992—             Seri Anwar Ibrahim (Prime Minister of                Mega Jakarta.
   1996).                                              Malaysia), CT Corp, January 9, 2023, Menara      •   Chief Financial Officer (CFO) Forum -
•   Director Head of Corporate Sales and               Bank Mega Jakarta.                                   Navigating Banking Challenges, Perbanas
   Structuring FICC at Citibank Jakarta (1996—     • M&A and Capital Markets Outlook 2023:                  September 27, 2023, Financial Club Graha
   2007).                                              Seizing Opportunities Amid Market                    CIMB Niaga Jakarta.
•   Director Foreign Exchange Distribution -           Uncertainties, Mandiri Sekuritas, January 27,    •   Meeting of the Governor of Bank Indonesia,
   APAC Investment Bank at UBS AG Singapore            2023, The Ritz Carlton Jakarta.                      Minister of Finance and Banking, Bank
   (2007—2008).                                    • Mandiri Investment Forum 2023: Prevailing              Indonesia October 26, 2023, International
•   Executive Director, Fixed Income Currency          Over Turbulance, Mandiri Sekuritas, 1                Conference Center Bank Indonesia.
   and Commodity Asia at Morgan Stanley                February 2023, Fairmont Hotel Jakarta.           •   Bank BTPN Economic Outlook 2024 -
   Singapore (2008—2009).                          • Economic Outlook 2023 - Maintaining                    Navigating Through 2024: Strategies for
•   Executive Board Director, Head of Global           Economic Momentum Amid Uncertainty,                  Resilience and Growth, Bank BTPN November
   Markets at PT Bank ANZ Indonesia (2009—             CNBC Indonesia, February 28, 2023, The St            22, 2023, Hotel Kempinski Jakarta.
   2014).                                              Regis Hotel Jakarta.                             •   Corporate Outbound Training TSFI & TIBS
• Treasury & International Banking Director at     • Launching and Socialization of Market Code             2023, Bank Mega, 3 December 2023,
   PT Bank Mega Tbk (2014—present).                    of Conduct (Brown Book) Edition 4, Bank              Bandung.
                                                       Indonesia, March 1, 2023, Grand Hyatt
                                                       Hotel Jakarta.




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                                                                                           PT BANK MEGA Tbk           2023 Annual Report




C. Guntur
Triyudianto
Operations Director
Born in Surakarta in 1966




Citizenship            Domicile
Indonesian             Jakarta




Legal Basis of Appointment                      •   Operations Director at WOM Finance               Training
• Served as Operations Director based on the        (2011—2015).                                     • CT Corp Leadership Forum with YAB Dato’
   resolution of the Annual GMS on February     •   IT Application Development Group Head at             Seri Anwar Ibrahim (Prime Minister of
   24, 2023.                                        Bank Mandiri (2016—2017).                            Malaysia), CT Corp, January 9, 2023, Menara
• As Operations and Information Technology      •   Digital Banking and Financial Inclusion Group        Bank Mega Jakarta.
   Director baed on the resolution of Annual        Head at Bank Mandiri (2017—2018).                • Sharing Session – Digital Banking at the
   GMS on February 28, 2018, and effective on   •   Operations Director of PT Bank Mega Tbk              General Meeting of Members (RUA) of
   September 12, 2018.                              (2018—2019).                                         the Communication Forum for Banking
                                                •   Operations Director & Information Technology         Operations Directors (FKDOP), June 8, 2023,
Educational Background                              PT Bank Mega Tbk (2019—2023).                        JHL Solitaire Hotel, Jakarta.
Bachelor’s Degree in Geology Engineering from   •   Operations Director of PT Bank Mega Tbk          • Implement the APU, PPT, and PPPSPM
Gadjah Mada University (1992).                      (2023—present).                                      Programs to support reporting obligations
                                                                                                         to PPATK, Bank Mega & PPATK, July 27, 2023,
Employment History                              Concurrent Positions                                     Menara Bank Mega.
• Officer Development Program before holding    Have no concurrent positions.                        • Socialization of Law No.27 of 2022 concerning
   the position of Card Production Unit Head,                                                            Personal Data Protection, Bank Mega &
   Authorization Unit Head, Card Business       Affiliate Relationship                                   Kominfo, August 15, 2023, Bank Mega
   Manager, Portfolio Department Head Credit    Has no affiliation with other members of the Board       Tower Auditorium.
   Card, AVP Electronic Channel Department      of Directors, Board of Commissioners’ members,       • Bank Mega Cyber Security and Resilience
   Head, VP Business Development Electronic     controlling and ultimate shareholders.                   Awareness, Bank Mega & Xynexis, August
   Banking at Bank Bali (1993—2002).                                                                     8, 2023, Menara Bank Mega.
• Head of Account Services at Bank Permata                                                           • Cyber Resilience Table Top Exercise at Bank
   (2005—2010).                                                                                          Mega by SEOJK No.29/ SEOJK.03/2022
• Retail Technology and Operations Head at                                                               concerning Cyber Resilience and Security
   Bank UOB Indonesia (2010—2011).                                                                       for Commercial Banks, Bank Mega & Xynexis,
                                                                                                         August 8, 2023, Menara Bank Mega.
                                                                                                     • Socialization of Resolution Plan & PRP
                                                                                                         Premiums in Jakarta, Deposit Insurance
                                                                                                         Corporation (LPS), November 8, 2023, The
                                                                                                         St. Regis Hotel, Jakarta.




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                           Company Profile




YB
Hariantono
Information Technology
Director
Born in Malang in 1966




Citizenship              Domicile
Indonesian               Jakarta




Legal Basis of Appointment                          •   Chairman ICIO Community (2022-present).          •   Implementation of APU, PPT, and PPPSPM
Served as Information Technology Director based     •   Vice Chairman General Indonesian Payment             Programs in Supporting Reporting Obligations
on the resolution of the Annual GMS on February         Systems Association (ASPI) (2022-present).           to PPATK, Bank Mega & PPATK, July 27, 2023,
24, 2023 and effective on March 27, 2023.           •   Information Technology Director PT Bank              Menara Bank Mega Jakarta.
                                                        Mega Tbk (2023-present).                         •   Indonesia Fintech SOCIETY (IFSOC) FGD:
Educational Background                                                                                       Strengthening Fraud Prevention in the Digital
Bachelor of Electrical Engineering, Sepuluh         Concurrent Positions                                     Financial Sector, Indonesia Fintech SOCIETY
Nopember Institute of Technology (1990).            Have no concurrent positions.                            (IFSOC), July 27 2023, Online.
                                                                                                         •   Socialization of Law no. 27 of 2022 concerning
Employment History                                  Affiliate Relationship                                   Protection of Personal Data, Bank Mega &
• Started his banking career at Bank Bali in 1991   Has no affiliation with other members of the Board       Kominfo, August 15, 2023, Menara Bank
   as Junio System Programmer and served in         of Directors, Board of Commissioners’ members,           Mega Jakarta.
   various positions until 2002 as Vice President   controlling and ultimate shareholders.               •   Bank Mega Cyber Security and Resilience
   Group Head IT.                                                                                            Awareness, Bank Mega & Xynexis, August 8,
• Joined Bank Permata in 2003 as IT Integration     Training                                                 2023, Menara Bank Mega Jakata.
   Coordinator - 5 Bank Merger Integration          • CT Corp Leadership Forum with YAB                  •   Cyber Resilience Table Top Exercise at Bank
   Team and served in various management                Dato’ Seri Anwar Ibrahim (Prime Minister             Mega by SEOJK No. 29/ SEOJK.03/2022
   positions with his last position as Executive        of Malaysia), CT Corp, January 9, 2023,              concerning Cyber Resilience and Security for
   Vice President Network Head in 2010.                 Auditorium Menara Bank Mega Jakarta.                 Commercial Banks, Bank Mega & Xynexis,
• Executive Vice President Information              • Economic Outlook 2023 - Maintaining                    August 8, 2023, Menara Bank Mega.
   Technology Head at BII - Maybank (2010-              Economic Momentum Amid Uncertainty,              •   Corporate Outbound Training IT Directorate
   2014).                                               CNBC Indonesia, February 28, 2023, The               2023, Bank Mega, 11-13 August 2023,
• Director of Operations & Information                  St. Regis Hotel Jakarta.                             Yogyakarta.
   Technology PT Bank Mega Tbk (2014-2018)          • Huawei Cloud TechWave APAC, Huawei,                •   Digital Transformation Summit: Unlocking DX
• Director of Information Technology PT Bank            March 2 2023, Menara Bank Mega Jakarta.              Strategies To Meet The Digital Age, Exito,
   Mega Tbk (2018-2019).                            • ICT Solution Day 2023 Reshaping The Future:            October 19, 2024, JW Marriott Jakarta.
• Director of Information Technology PT Bank            IT Solutions For A More Sustainable And          •   iCIO Executive Leadership Forum 2023 - From
   BTPN (2019-2020).                                    Connected World, ICT, May 11, 2023, The              Hype to Reality: Prospects and Obstacles in
• Director of Information Technology &                  Tribrata Darmawangsa Jakarta.                        the Realm of Generative AI and Zero Trust
   Operations PT Bank Negara Indonesia              • IDC & Backbase Leadership Banking Insights             Security, iCIO Community, November 2, 2023,
   (Persero) Tbk (2020-2022).                           Forum 2023 Indonesia, IDC Asia, June 20,             Fairmont Hotel Jakarta.
                                                        2023, The Ritz Carlton Jakarta.                  •   ICT Outlook 2024 & Strategic Issue:
                                                    • Cisco FSI Summit 2023: Building a Resilient &          Cybersecurity, Lintasarta, November 8, 2023,
                                                        Sustainable Financial Service Business: Secret       Hotel Kempinski Jakarta.
                                                        to Winning in a Downturn, Cisco, June 23,
                                                        2023, Ayana Hotel Bali.




 90                              PT BANK MEGA Tbk             2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
Page 91
                                                                                           PT BANK MEGA Tbk            2023 Annual Report




Management Changes
After 2023 Financial Year

Bank Mega stated that it will not change the composition of the Board of Commissioners and Directors after the end
of the 2023 financial year until the audited financial report for the 2023 financial year is published.




Profile of Non-Commissioner
Committee Members


Purwo
Junianto
Audit Committee
Members
Born in Jakarta in 1955



Citizen               Domicile
Indonesian            Jakarta




Legal Basis of Appointment                       Employment History                                  Concurrent Positions
Decree of the Board of Directors No. SK. 111/    •  Started his banking career in 1979 as a          Have no concurrent positions.
DIRBM/23 on March 1, 2022 and effective on          Management Trainee at Import Export Bank/
September 1, 2023.                                  Bank Exim. His last position at Bank Exim        Affiliate Relationship
                                                    was the Head of the Credit Bureau in 1999        Has no affiliation with other members of the Board
Educational Background                           •  Joined Bank Mandiri for 2 years before           of Directors, Board of Commissioners’ members,
•  Graduated from Gadjah Mada University,           resigning in 2001.                               and ultimate shareholders.
   Yogyakarta, with a Bachelor of Economics      •  Finance Director of PT Tirto Bumi Prakarsatama
   degree in 1978.                                  (2004 - 2016).
•  Obtained an MBA in 1993 from the University   •  He also served as lecturer at MM UGM -
   of Illinois, Urbana Champaign USA.               Jakarta, (2002 - 2006).
                                                 •  Member of PT Bank Mega Tbk Risk Monitoring
                                                    Committee (2019-2021).
                                                 •  Member of the Audit Committee of PT Bank
                                                    Mega Tbk (2022-present).




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                          Company Profile




Ivan
Purnama
Sanoesi
Audit Commitee
Member
Born in Jakarta in 1961



Citizenship           Domicile
Indonesian            Jakarta




Legal Basis of Appointment                       Training                                           Concurrent Positions
Decree of the Board of Directors No. SK. 111/    •    Internal Audit Roles & Competency in          •  Member of the Risk Monitoring Committee of
DIRBM/23 on August 31, 2023 and effective on          Consumer Data Protection – The IIA – April       PT Bank Hibank Indonesia (Member of BNI).
September 1, 2023.                                    2023.                                         •  Member of the Audit Committee of PT Bank
                                                 •    Disruption Technology, Are We Ready & Chat       BTPN Tbk.
Educational Background                                GPT, How Useful For Internal Auditor – The    •  Member of the Risk Monitoring Committee
•  Bachelor of Accounting from the Faculty of         IIA – April 2023.                                of PT Bank Ina Perdana Tbk.
   Economics, Tarumanegara University, 1988      •    How to Manage Teamand Boss, Effective         •  Member of the Risk Monitoring Committee
•  (S2) Master of Financial Management from           Communication Make Your Value More               of PT BCA Digital.
   PPM School of Management, 2004.                    Impactful – The IIA – April 2023.
                                                 •    Internal Audit Roles & Competency in          Affiliate Relationship
Employment History                                    Governance – The IIA – June 2023.             Has no affiliation with other members of the Board
•  Audit Staff, Audit Unit Head, Audit Bureau    •    Waspada Modus Penipuan Gaya Baru – Ojk        of Directors, Board of Commissioners’ members,
   Head, Deputy of Audit Division Head in PT          Institute – Agustus 2023.                     and ultimate shareholders.
   Bank Central Asia (1986 - 2016).              •    Peluang dan tantangan Fintech P2P Lending
•  Advisor Internal Audit and Risk Management,        di Era UU P2SK – OJK Institute – September
   PT Central Sentosa Finance (2016 - 2018).          2023.
•  Member of PT Bank Mega Tbk Risk Monitoring    •    Enhancing ESG Through Best Practices in
   Committee (2017-2022).                             Accounting - OJK Institute – Desember 2023.
•  Member of the Audit Committee of PT Bank
   Mega Tbk (2023-present).




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                                                                                           PT BANK MEGA Tbk           2023 Annual Report




Iramady
Irdja
Risk Monitoring
Committee Member
Born in Payakumbuh in 1955



Citizenship           Domicile
Indonesian            Jakarta




Legal Basis of Appointment                          Employment History                               Concurrent Positions
Decree of the Board of Directors No. SK.025/        •   Deputy Director of Bank Indonesia – Head     Have no concurrent positions.
DIRM/22, effective on March 1, 2022.                    of Bank Supervision in the working area
                                                        of North Sumatra and Nangroe Aceh            Affiliate Relationship
Educational Background                                  Darusalam (NAD) (2008 - 2011).               Has no affiliation with other members of the
•  Master of Science (S2), National University      •   Consultant for the Development of MSEs       Board of Directors, Board of Commissioners’
   in 2018.                                             and Sharia Economics in the work area of     members, and ultimate shareholders.
•  Doctorate (S3) Political Science (Concentrated       Bank Indonesia for Central Sumatra (West
   on Political Economy), National University,          Sumatra, Riau, Jambi, Riau Islands), (2011
   2021.                                                - 2012).
                                                    •   Advisor Committee LA – Indosat (2015 -
                                                        2018).
                                                    •   Member of the Audit Committee of PT
                                                        Bank Mega Tbk (2019-2021).
                                                    •   Member of PT Bank Mega Tbk Risk
                                                        Monitoring Committee (2022-present).




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                            Company Profile




Adrial
Salam
Risk Monitoring
Committee Member
Born in Padang in1959



Citizenship             Domicile
Indonesian              Jakarta




Legal Basis of Appointment                         Employment History                                 Concurrent Positions
Decree of the Board of Directors No. SK.025/       Started his career at Bank Mandiri from 1999 to    Have no concurrent positions.
DIRM/22, effective on March 1, 2022.               2016, and occupied various positions:
                                                   •     Head of Branch (1999 - 2005).                Affiliate Relationship
Educational Background                             •     Special Audit Investigator(2006-2008).       Has no affiliation with other members of the
Master of Management, Pancasila University 2001.   •     Head of Regional Internal Control for        Board of Directors, Board of Commissioners’
                                                         Jakarta and West Java Regions(2008 -         members, and ultimate shareholders.
                                                         2011).
                                                   •     Head of Internal Audit for Sumatra Region
                                                         (2011 - 2014).
                                                   •     Head of Internal Audit for Jakarta and
                                                         Kalimantan Regions(2014 - 2015).
                                                   •     Head of Transformation Team for Audit
                                                         (2015 - 2016).
                                                   •     Lecturer with Banking Operational Module
                                                         and Anti-Fraud Prevention Module (2005 -
                                                         2016).
                                                   •     Lecturer for Risk Management Certification
                                                         (2015 - present).
                                                   •     Risk Monitoring Committee (2022 -
                                                         present)




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                                                                                              PT BANK MEGA Tbk            2023 Annual Report




Anwar V.
Purba
Remuneration
and Nomination
Committee Member
Born in Pematang Siantar in 1964


Citizenship           Domicile
Indonesian            Jakarta




Legal Basis of Appointment                          Training                                            Concurrent Positions
Decree of the Board of Directors No. SK.029/        •    Trend Webinar in 2023, OJK Institut, January   Have no concurrent positions.
DIRM/22 on March 1, 2022.                                17, 2023
                                                    •    Implementation of Artificial Intelligence in   Affiliate Relationship
Educational Background                                   the Financial Services Industry, February 2,   Has no affiliation with other members of the Board
Obtained a Bachelor from Faculty of Psychology,          2023, OJK Institute.                           of Directors, Board of Commissioners’ members,
Universitas Indonesia and has completed Executive   •    Workshop on Implementation of APU, PPT         and ultimate shareholders.
Master in Business Administration in the Asian           and PPPSPM Program Provisions in Support
Institute of Management, Manila, Philippines.            of Reporting Obligations to PPATK, Bank
                                                         Mega & PPATK, July 27, 2023, Bank Mega.
Employment History                                  •    Table Top Cyber Resilience Exercise at Bank
•  Rejoined Bank Mega in 2008 and held the               Mega in accordance with SEOJK No. 29/
   Human Capital Management Head position.               SEOJK.03/2022 on Cyber Resilience and
•  Remuneration and Nomination member                    Security for Commercial Banks, August 8,
   PT Bank Mega Tbk (2010-present).                      2023, Bank Mega.
                                                    •    Bank Mega Cyber Security Awareness and
                                                         Resilience, August 8, 2023, Bank Mega.
                                                    •    Socialization of Law No. 27 of 2022 on the
                                                         Protection of Personal Data, Bank Mega &
                                                         PPATK, August 15, 2023, Bank Mega.
                                                    •    Sharing Session Climate Risk Stress Testing
                                                         (CRST) and International Financial Reporting
                                                         Standard (IFRS) 2023, October 25, 2023,
                                                         Bank Mega.
                                                    •    Level 5 Risk Management Certification
                                                         Provision Training, December 20-21, 2023,
                                                         Bank Mega




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                           Company Profile




Aloysius
Ary Satrio
Head of
Internal Audit
Born in Semarang in 1967



Citizenship           Domicile
Indonesian            Tangerang Selatan




Legal Basis of Appointment                         Training                                                Concurrent Positions
Decree of the Board of Directors No.KEP.1392/      •    IAIB 2023 National Conference: The Future          Have no concurrent positions.
DIRBM/PMG/20 dated on September 25, 2020.               Role of Internal Audit in the Financial Services
                                                        Industry, July 13, 2023, IAIB – Tangerang.         Affiliate Relationship
Legal Basis of Appointment                         •    Workshop on Implementation of APU, PPT             Has no affiliation with other members of the
Graduated from Bachelor Degree of Bogor                 and PPPSPM Program Provisions in Support           Board of Directors, Board of Commissioners’
Agricultural Institute, 1991.                           of Reporting Obligations to PPATK, Bank            members, and ultimate shareholders.
                                                        Mega & PPATK, July 27, 2023, Bank Mega.
Employment History                                 •    Table Top Cyber Resilience Exercise at Bank
•  Began his career in Banking Industry since           Mega in accordance with SEOJK No. 29/
   1992 in PT Bank Bali Tbk as Assistant Manager        SEOJK.03/2022 on Cyber Resilience and
   Treasury System Development to Senior                Security for Commercial Banks, August 8,
   Manager Audit prior Bank Bali merger with            2023, Bank Mega.
   several banks to become PT Bank Permata         •    Bank Mega Cyber Security Awareness and
   Tbk in 2002.                                         Resilience, August 8, 2023, Bank Mega.
•  During 2002 - 2010 has several positions in     •    Socialization of Law No. 27 of 2022 on
   PT Bank Permata Tbk with the last position           Personal Data Protection, Bank Mega &
   as Vice President IT & Operation Risk                Kominfo, 15 August 2023, Bank Mega.
   Management.                                     •    IIA Indonesia National Conference, August
•  In 2010 joined with PT Bank Mega, Tbk as             31st, 2023, IIA – Batam.
   Process Management Head, then served as         •    Webinar on Managing Environmental, Social
   Centralized Operation Head, Internal Control         and Governance Risks and Opportunities,
   Head, and Operational Risk Management                October 19, 2023, OJK Institute (Online).
   Head prior appointed as Internal Audit Unite    •    Workshop on Internal Audit Productivity and
   Head.                                                Performance Strategy in 2024, December 19,
•  Internal Audit Head PT Bank Mega Tbk (2020           2023, Bank Mega.
   - present).




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                                                                                             PT BANK MEGA Tbk             2023 Annual Report




Christiana
Maria
Damanik
Corporate
Secretary
Born in Conakry, Guinea in 1962



Citizenship           Domicile
Indonesian            Bogor




Legal Basis of Appointment                          •   Maintaining Economic Momentum Amid              •   Socialization of Financial Services Authority
Report to the Indonesian Stock Exchange and the         Uncertainty by CNBC on February 28, 2023            Regulations regarding the Implementation of
Financial Services Authority with Letter No: 262/   •   Socialization of Financial Inclusion Month          Governance for Commercial Banks by OJK
DIRBM-COAF/15 dated November 2, 2015, and               2023 by OJK on May 30, 2023.                        on September 19, 2023.
act as Corporate Affairs Head.                      •   Socialization of Financial Services Authority   •   Sustainability Action for The Future Economy
                                                        Regulation No. 3 of 2023 on Increasing              (SAFE) 2023 by Katadata on September 26,
Educational Background                                  Financial Literacy and Financial Inclusion in       2023.
Graduated with a Bachelor of Arts degree                the Financial Services Sector for Consumers     •   ACMF - ISSB Technical Training on IFRS
in Political Science from the University of the         and the Community by OJK on May 31, 2023            Sustainability Disclosure Standards for
Philippines, Quezon City, Metro Manila.             •   Implementation of the APU, PPT and PPPSPM           Preparers of Financial Statements by OJK
                                                        programs to support the PPATK reporting             on October 18, 2023.
Employment History                                      obligation to the PPATK, Bank Mega & PPATK,     •   Management of Environmental, Social and
•  Conference Supervisor PT Astrindo Satrya             July 27, 2023.                                      Governance Risks and Opportunities by
   Kharisma (1988 - 1990).                          •   Socialization of SPRINT Fit and Proper              OJK and London Institute of Banking &amp;
•  Corporate Secretary PT Benua Birunusa                Assessment Module (PKK) for conventional            Finance (LIBF) on October 19, 2023.
   Holding Company (1992 - 1996).                       commercial banks and representative offices     •   Similarities in Perceptions of Institutional
•  Began her career in banking at PT Bank               of banks domiciled abroad by OJK on July            Licensing, Management, and Ownership of
   Danamon Indonesia Tbk with the last position         25, 2023.                                           Conventional Commercial Banks by the OJK
   as AVP CorporateCommunication Head (1996         •   Bank Mega Cyber Security and Resilience             on October 27, 2023.
   - 2004).                                             Awareness by Xynexis on August 08, 2023.        •   Strategic Role of PR in Change Management
•  VP Corporate Communication Head, PT Bank         •   Table Top Exercise for Cyber Resilience at          Ega Briefings on November 23, 2023.
   Mandiri Tbk (2004 - 2007).                           Bank Mega in accordance with SEOJK No.          •   Sharing Session on Climate Risk Stress Testing
•  Advisory Services on Corporate                       29/SEOJK.03/2022 on Cyber Resilience and            (CRST) by Trisakti Sustainability Center on
   Communication (2007 - 2010).                         Security for Commercial Banks by OJK on             October 25, 2023.
•  Corporate Secretary PT Bank Pundi Indonesia          August 8, 2023.
   Tbk (2010 - 2015).                               •   Socialization of the Law No. 27 of 2022 on      Concurrent Positions
•  Corporate Secretary and also as Corporate            the Protection of Personal Data, Bank Mega      Have no concurrent positions.
   Affairs Head PT Bank Mega Tbk (2015 -                & Kominfo, August 15, 2023.
   present).                                        •   Compliance Refresher for Issuers and Public     Affiliate Relationship
                                                        Companies by OJK on August 22, 2023.            Has no affiliation with other members of the Board
Training                                            •   Financial Digitalization: Inclusive and         of Directors, Board of Commissioners’ members,
he Corporate Secretary participated in                  Sustainable by Bisnis Indonesia on August       and ultimate shareholders.
the following competency development                    24, 2023.
program:                                            •   The Future of Sustainable Economy by
•    CT Corp Leadership Forum with YAB Dato Seri        Infobank on August 25, 2023.
     Anwar Ibrahim on January 9, 2023.              •   Political Economy Dynamics &amp; Its
•    Socialization of the General Guidelines for        Implications for the Business World by
     Indonesian Corporate Governance (PUGKI)            Indonesian Issuers Association on September
     and organization of the 2022 Annual Report         14, 2023.
     Award (ARA) by the National Governance
     Policy Committee on February 22, 2022.




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                            Company Profile




Executive Officers Profile

A                                                    ANDREW WONGJAYA
                                                     Regional Head Banjarmasin                           C
                                                     Indonesian citizen, born in 1966. Bachelor’s
A. ARY SATRIO                                                                                            CAROLINE SETIABUDI
                                                     degree in Economics from Klabat University.
Internal Audit Head                                                                                      Digital Marketing Head
                                                     Appointed as Regional Head of Banjarmasin
Indonesian citizen, born in 1967. Bachelor’s                                                             Indonesian citizen, born in 1985. Holds a
                                                     since February 2021 and previously worked for
degree in Agriculture from Bogor Agricultural                                                            Bachelor’s degree in Information Engineering
                                                     the Bank as Regional Head of Makassar since
Institute. Appointed as Head of Internal Audit                                                           and a Master’s degree in Management from
                                                     February 2015.
since October 2020. Previously served as the                                                             Bina Nusantara University. Appointed as Head
Bank’s Head of Operational Risk Management                                                               of Digital Marketing since February 2022 and
                                                     ANWAR V. PURBA
since April 2016.                                                                                        previously worked at Visionet Indonesia as VP
                                                     Human Capital Management Head
                                                     Indonesian national, born in 1964. Obtained a       Product Marketing.
ACHMAD AGUSTIYATAMA
                                                     Bachelor’s degree from the Faculty of Psychology,
Transformation Project Head                                                                              CHRISTIANA MARIA DAMANIK
                                                     University of Indonesia and completed the
Indonesian citizen, born in 1973. Holds a                                                                Corporate Affairs Head
                                                     Executive Master in Business Administration
Bachelor’s Degree in Economics from the                                                                  Indonesian citizen, born in 1962. Holds a
                                                     Program at the Asian Institute of Management,
University of Toledo. Appointed as Transformation                                                        Bachelor’s degree in Political Science from the
                                                     Manila, Philippines. Appointed as Human
Project Head effective July 2021 and previously                                                          University of the Philippines. Appointed as Head
                                                     Capital Management Head in October 2008 and
worked at CIMB Niaga as Merchant Business                                                                of Corporate Affairs since October 2015 and
                                                     previously worked at Para Group as Corporate
Product & Project Division Head.                                                                         previously worked at Bank Pundi Indonesia as
                                                     Human Resources.
                                                                                                         Head of Corporate Secretary.
ADANG ISNANDAR
                                                     ANGGORO SULAKSONO
Corporate Legal Head                                                                                     CYNTHIA RIKASARI
                                                     Chief of Staff
Indonesian citizen, born in 1958. Bachelor of Laws                                                       Treasury & International Banking Business
                                                     Indonesian national, born in 1980. Holds a
from the University of Indonesia. Appointed as                                                           Support Head
                                                     Bachelor of Engineering from Sepuluh November
Corporate Legal Head in May 2002 and previously                                                          Indonesian citizen, born in 1976. Bachelor’s
                                                     Institute of Technology and a Masters in
worked at Para Group as Senior Assistant to the                                                          degree in Engineering from Bandung Institute
                                                     Management from Prasetya Mulya. Appointed as
Legal Director.                                                                                          of Technology and Master’s degree in Engineering
                                                     Chief of Staff since November 2021 and previously
                                                     worked at the Bank as Head of Data Center &         from Bandung Institute of Technology. Appointed
ADISTIA SUKYANTHO                                                                                        as Treasury & International Banking Business
                                                     System Monitoring since August 2020.
Financial Control Head                                                                                   Support Head since February 2015 and previously
Indonesian citizen, born in 1969. Bachelor’s                                                             worked at Bank Danamon as CM, FI & TB Business
degree in Economics from Tarumanagara
University. Appointed as Head of Financial Control
                                                     B                                                   Management Head.


                                                                                                         D
since July 2005 and previously worked at KAP         BACHREN IPON
Prasetio, Sarwoko & Sandjaja, Member of E&Y          CCPL Product, Portfolio & Acquisition
as Manager Auditor.                                  Marketing Head
                                                     Indonesian citizen, born in 1981. Bachelor’s        DEDEP IHSAN FAUZI
AGUSTINA LUBIS                                       degree in Information Systems from Budi Luhur       Collection Strategy & Support Head.
Treasury Operations Head                             University. Appointed as CCPL Product, Portfolio    Indonesian citizen, born in 1982. Holds
Indonesian citizen, born in 1972. Holds a            & Acquisition Marketing Head since July 2022 and    a Bachelor’s degree in Social Affairs from
Bachelor’s degree in Economics from Gadjah           previously worked at the Bank as CCPL Portfolio     Padjadjaran University. Appointed as Head of
Mada University. Appointed as Head of Treasury       Head since April 2019.                              Collection Strategy & Support since April 2019,
Operations since December 2020, and previously                                                           and previously worked at the Bank as Head of
worked at the Bank as Regional Operations            BOBBY HERMAN JOENAN                                 People Strategic Management since April 2017.
Manager since July 2018.                             CCPL Recovery Head
                                                     Indonesian citizen, born in 1961. Holds a           DEDY CURYANI
ALDIRAHMAN PRAMADHANA                                Bachelor’s Degree in Economics from Sam             IT Infrastructure Service & Operations Head
National Credit Appraisal Head                       Ratulangi University. Appointed as CCPL Recovery    Indonesian citizen, born in 1965. Bachelor’s degree
Indonesian citizen, born in 1984. Holds a            Head since February 2015 and previously worked      in Computer Science from Borobudur University.
Bachelor of Business Administration from the         at the Bank as Head of Special Asset Management     Appointed as Head of IT Infrastructure Service
University of Thompson Rivers and a Master of        since December 2013.                                & Operations since June 2015 and previously
Business Administration from the Asian Institute                                                         worked at Maybank as Head of IT Infrastructure.
Management, Philippines. Appointed as National       BUDI SETIO WIBOWO
Credit Appraisal Head since June 2022 and            Crime & Fraud Investigation Head                    DEDY SOLIHIN
previously worked at the Bank as Head of Credit      Indonesian citizen, born in 1970. Bachelor’s        Credit Collection & Remedial Head
Policy & Portfolio Management since April 2017.      degree in Economics from YAI College of             Indonesian citizen, born in 1968. Holds a
                                                     Economics. Appointed as Head of Crime & Fraud       Bachelor’s Degree in Economics from the
ALFIYA RAHMANI                                       Investigation since January 2016 and previously     University of Lampung. Appointed as Head of
Marketing Communication Head                         worked at the Bank as Head of Banking Fraud         Credit Collection & Remedial since April 2019 and
Indonesian citizen, born in 1973. Bachelor’s         since April 2012.                                   previously worked at the Bank as Head of Credit
degree in Economics from Trisakti University.                                                            Development & Portfolio since January 2016.
Appointed as Head of Marketing Communications
since June 2020 and previously worked at Leo
Burnet Indonesia as Client Service Director.




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                                                                                               PT BANK MEGA Tbk             2023 Annual Report




                                                     E                                                    HAPOSAN ROBERT P. MANURUNG
DENNY TAKARADA HERLAMBANG                                                                                 Bancassurance Sales Head
Customer Experience & Customer Care                                                                       Indonesian citizen, born in 1965. Bachelor’s
Head                                                 EMMYLIA SOESANTI                                     degree in Electrical Engineering from the
Indonesian citizen, born in 1970. Bachelor’s         Centralized Transactional Operations Head            Indonesian Institute of Technology. Appointed
degree in Tourism from Yapari College of             Indonesian citizen, born in 1970. Bachelor’s         as Bancassurance Sales Head in October 2022
Tourism Economics. Appointed as Head of              degree in Agriculture from Veterans National         and previously worked at Bank HSBC Indonesia as
Customer Experience & Customer Care since            Development University, East Java. Appointed         National Wealth Sales & Client Acquisition Head.
October 2017, and previously worked at the           as Head of Centralized Transactional Operations
Bank as Head of Customer Experience.                 since April 2016, and previously worked at the       HARI TAVIANTORO
                                                     Bank as Head of Treasury Operations.                 Core Banking System Head
DESY MIRANDA                                                                                              Indonesian citizen, born in 1965. Bachelor’s
Corporate Funding Head                               ENGGAH RAMDANI                                       degree in Economics from Bandung Raya
Indonesian citizen, born in 1966. Holds a Bachelor   Anti Money Laundering Head                           University. Appointed as Head of Core Banking
of Science degree from Andalas University.           Indonesian citizen, born in 1966. Bachelor’s         System since September 2019, previously worked
Appointed as Head of Corporate Funding in June       degree in Economics from Ibnu Chaldun                at Bank BJB West Java as Head of Research
2012 and previously joined the Bank as Deputy        University. Appointed as Anti Money Laundering       Task Section.
RM Funding & Fee Based Income Regional since         Head since July 2020 and previously worked at
July 2008.                                           Bank Danamonm as Monitoring & Testing Head.          HENGKY TANRING
                                                                                                          Regional Head Makassar
DEWITRI PRASDIANA
Strategic & Business Development Head                F                                                    Indonesian citizen, born in 1966. Bachelor’s
                                                                                                          degree in Engineering from Hasanuddin
Indonesian citizen, born in 1972. Bachelor’s         FERRY OKTAVIANUS MANTIRI                             University. Appointed as Regional Head in
degree in Planning from Bandung Institute of         Credit Business Head                                 February 2021 and previously worked at Bank
Technology. Appointed as Head of Strategic           Indonesian citizen, born in 1963. Bachelor’s         Danamon as Regional Head.
& Business Development since May 2022 and            degree in Economics from Airlangga University.
previously worked at the Bank as a Portfolio         Appointed as Credit Business Head in August          HENRY DANIEL BUKIT
Quality Specialist since July 2020.                  2021 and previously worked at Bank Victoria          Corporate Sales Head
                                                     International as Associate Director Corporate        Indonesian citizen, born in 1976. Holds a
DICKY PRAMAYUDHA                                     Banking and Multifinance.                            Bachelor’s Degree in Engineering from Jenderal
Credit Risk Management Head                                                                               Achmad Yani University and a Master’s Degree in
Indonesian citizen, born in 1980. He holds a         FX SURJOBROTO                                        Management from PPM College of Management.
Bachelor’s Degree in Agriculture from Jenderal       Funding & Wealth Sales Head                          Appointed as Head of Corporate Sales in February
Soedirman University, a Master’s Degree in           Indonesian citizen, born in 1970. Holds a Bachelor   2020 and previously worked at Bank UOB
Management from Gadjah Mada University and           of Laws degree from Parahyangan Catholic             Indonesia as Head of Corporate Banking.
a Master of Business Administration from the Asian   University. Appointed as Head of Funding &
Institute of Management - Philippines. Appointed     Wealth Sales since March 2019, and previously        HERMAWATI
as Head of Credit Risk Management since August       worked at the Bank as Head of Branch Channel         Regional Head Jakarta 1
2018, he previously worked at the Bank as Head       Sales since September 2018.                          Indonesian citizen, born in 1973. Bachelor’s
of Corporate & Commercial Credit Review since                                                             degree in Economics from Tarumanagara
April 2017.                                                                                               University. Appointed as Head of Retail Product

DIMAS PRASETYO
                                                     G                                                    Management since June 2021, and previously
                                                                                                          worked at the Bank as Head of Retail Funding &
Property & Facility Services Head                    GUNAWAN                                              Transmart Branch Sales since March 2019.
Indonesian citizen, born in 1984. Bachelor’s         Account Services Head
degree in Engineering from Trisakti University.      Indonesian citizen, born in 1978. Bachelor’s         HERSEN
Appointed as Head of Property & Facility Services    degree in Economics from Tanjungpura University.     Retail Product Management Head
since November 2015 and previously worked at         Appointed as Head of Account Services since          Indonesian citizen, born in 1976. Bachelor’s
Bank UOB Indonesia as Head of Property.              March 2019 and previously worked at the Bank         degree in Economics from Tarumanagara
                                                     as Head of CCPL Credit Initiation & Maintenance      University. Appointed as Head of Retail Product
DONNY INDRA LUKITO                                   since January 2016.                                  Management since June 2021, and previously
Treasury Sales Head                                                                                       worked at the Bank as Head of Retail Funding &

                                                     H
Indonesian born, born in 1975. Bachelor’s degree                                                          Transmart Branch Sales since March 2019.
in Economics from STIE Perbanas. Appointed

                                                                                                          I
as Head of Treasury Sales since March 2018,
previously worked at Bank HCBC Indonesia as          HANUSA PRAHARA
Head of FX Sales.                                    Chief of Staff
                                                     Indonesian citizen, born in 1971. Holds a            IBRAHIM ALAMSYAH
DENNY KURNIAWAN                                      Bachelor’s degree in Economics from Padjadjaran      Investment Sales Head
Retail, Funding & Wealth sales Academy               University and a Master of Business Administration   Indonesian citizen, born in 1972. Holds a Bachelor
Head                                                 from the Asian Institute of Management -             of Laws degree from Parahyangan Catholic
Indonesian born, born in 1982. Bachelor’s degree     Philippines. Appointed as Chief of Staff since       University. Appointed as Head of Investment Sales
in Agriculture from Bogor Agricultural Institute.    April 2021 and previously worked at the Bank         since November 2023, and previously worked at
Appointed as Head of Retail, Funding & Wealth        as General Management Office since June 2015.        the Bank as Regional Head of Investment Sales
Sales Academy since April 2023 and previously                                                             since March 2019.
worked at the Bank as Area Transmart Branch
Sales Head since April 2019.




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                             Company Profile




J                                                                                                          R
                                                      MARIANA HARYANI
                                                      Procurement Services Head
                                                      Indonesian citizen, born in 1972. Bachelor’s
JACKY GOSUMOLO                                        degree in Economics from Tarumanagara                RALPH BIRGER POETIRAY
Business Performance Management &                     University. Appointed as Head of Procurement         Treasury & Financial Institution Head
Analytics Head                                        Services in September 2012 and previously            Indonesian citizen, born in 1968. Holds a Bachelor
Indonesian citizen, born in 1981. Bachelor’s          worked at the Bank as Branch Manager.                of Economics degree from the University of
degree in Engineering from Trisakti University.                                                            Leicester - UK. Appointed as Head of Treasury
Appointed as Head of Business Performance             MIDIANI DIAH CASITRIATI                              & Financial Institutions since May 2021, and
Management & Analytics since April 2021,              Sales Process & Governance Head                      previously worked at the Bank as Head of Treasury
and previously worked at the Bank as Head of          Indonesian citizen, born in 1970. Holds a Bachelor   & Global Market since March 2019.
Performance Management since September 2015.          of Business Degree from Victoria University -
                                                      Australia. Appointed as Head of Sales Process        RANGGA BAYU PAMUNGKAS

L                                                     & Governance since October 2018, previously          Market, Liquidity & Integrated Risk
                                                      worked at Bank Ekonomi Raharja as Global             Management Head
                                                      Standard Head.                                       Indonesian citizen, born in 1971. Holds a Bachelor
LEONARD PANJAITAN                                                                                          of Science degree from Gadjah Mada University
Indirect Channel Head                                                                                      and a Master of Management degree from
Indonesian citizen, born in 1969. Bachelor’s degree   MUTESA HOLDIN
                                                      Centralized Credit Operations Head                   Gadjah Mada University. Appointed as Head of
in Agricultural Technology from Bogor Agricultural                                                         Market, Liquidity & Integrated Risk Management
Institute. Appointed as Head of Indirect Channel      Indonesian citizen, born in 1967. Bachelor’s
                                                      degree in Economics from Bandar Lampung              since April 2017 and previously worked at Bank
since January 2014 and previously worked at the                                                            BNI as Group Head of Market & Liquidity
Bank as Indirect Channel Relationship Manager         University. Appointed as Head of Centralized
                                                      Credit Operations since September 2014 and           Risk Management.
since December 2013.
                                                      previously worked at the Bank as Head of Credit
                                                      Monitoring & Reporting since April 2014.             RIKA RAHAYU BEGAWAN
LIANA EFENDI                                                                                               Regional Head Bandung
Customer Segment Head                                                                                      Indonesian citizen, born in 1969. Bachelor’s
Indonesian citizen, born in 1976. Bachelor of
Arts from the University of Oregon. Appointed         N                                                    degree in agriculture from Bogor Agricultural
                                                                                                           Institute. Appointed as Regional Manager in June
as Head of Client Segment in January 2021 and         NELLY M H SIDABUTAR                                  2015 and Previously worked for the Bank as a
previously worked at AIA Financial as Head of         Telemarketing Head                                   Branch Manager since November 2002.
High Net Worth.                                       Indonesian citizen, born in 1973. Bachelor’s
                                                      degree in Economics from STIE Tri Dharma             RINALDI USMAN
LINA WU                                               Widya. Appointed as Head of Telemarketing since      Retail Acquisition & Alternate Channel Sales
Regional Head Medan                                   January 2021 and previously worked at Bank DBS       Head
Indonesian citizen, born in 1976. Bachelor of         Indonesia as Sales Channel Head.                     Indonesian citizen, born in 1969. Holds a Bachelor
Engineering from Td Pardede Institute of Science                                                           of Laws degree from Padjadjaran University.
and Technology. Appointed as Regional Head in         NOORDWIANTO CHANDRA KRESNA                           Appointed as CCPL & Alternate Channel Sales
August 2021 and previously worked at the Bank         CCPL Collection Head                                 Head since March 2018, and previously worked
as Deputy Regional Head for Funding.                  Indonesian citizen, born in 1967. Bachelor’s         at Standard Chartered Bank as National Client
                                                      degree in Economics from STIE IBMI Don Bosco.        Acquisition Head.
LIVIANA DEWI HIE                                      Appointed as CCPL Collection Head since January
Regional Head Semarang                                2018 and previously worked at the Bank as CCPL       RIRI ER SHINTA WALLAD
Indonesian citizen, born in 1968. Bachelor’s          Front End Collection Head since January 2016.        CCPL Partnership & Acquiring Head
degree in Economics from Satya Wacana Christian                                                            Indonesian citizen, born in 1973. Holds a
University. Appointed as Regional Head since April    NOVA AFRIYANTI                                       Bachelor’s Degree in Agriculture from the Bogor
2016 and previously worked at Bank Permata as         Operational Risk Management Head                     Agricultural Institute (IPB). Appointed as CCPL
Head, CCPL Network Acquisition.                       Indonesian citizen, born in 1990. Holds a            Partnership & Acquiring Head since March 2022
                                                      Bachelor’s Degree in Agriculture from the Bogor      and previously worked at the Bank as CCPL

M                                                     Agricultural Institute (IPB). Appointed as Head
                                                      of Operational Risk Management since October
                                                                                                           Partnership Head since December 2020.


M. ADE KURNIAWAN                                      2022, and previously worked at the Bank as Head      RIO FRANSISCO
Human Capital Reward, Operations &                    of ORM Methodology since August 2018.                Retail Acquisition Sales Head
Services Head                                                                                              Indonesian citizen, born in 1981. Bachelor of
Indonesian citizen, born in 1983. Bachelor’s
degree in Psychology from Persada Indonesia           O                                                    Letters from Indonesian Christian University.
                                                                                                           Appointed as Head of Retail Acquisition Sales
University Y.A.I. Appointed as Head of Human                                                               since April 2023 and previously worked at the
                                                      OMAR SOEHARTO                                        Bank as Head of Retail Funding Acquisition Sales
Capital Reward, Operations & Services since May       Compliance & GCG Head
2022 and previously worked at Bank Muamalat                                                                since February 2020.
                                                      Indonesian citizen, born in 1964. Holds a
as Head of Human Capital Strategy & Service.          Bachelor’s degree in Economics from Parahyangan
                                                      Catholic University. Appointed as Head of
                                                      Compliance & GCG in April 2012 and previously
                                                      served as Head of Corporate Governance Opinion
                                                      since August 2011.




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                                                                                              PT BANK MEGA Tbk             2023 Annual Report




S                                                   T                                                    Y
SANDRA RUSTANDI                                     THERESIA SANDHORA ALFONCIA                           Y. WAHYU AGUNG PRASETYO
Regional Head Jakarta II                            Regional Head Surabaya                               IT & Cyber Risk Management Head
Indonesian citizen, born in 1974. Bachelor’s        Indonesian citizen, born in 1970. He holds a         Indonesian citizen, born in 1982. Holds a
degree in Economics from Tarumanagara               Bachelor of Economics degree from Tridharma          Bachelor’s Degree in Physics from Gajah Mada
University. Appointed as Regional Head since        University and a Master of Business Administration   University and a Master’s Degree in Engineering
March 2018, and previously worked at the Bank       degree from the Asian Institute of Management        from Swiss-German University. Appointed as Head
as Deputy Regional Head for Funding since           - Philippines. Appointed as Regional Head since      of IT & Cyber Risk Management since July 2022
June 2017.                                          February 2021 and previously worked for the Bank     and previously worked at Bank Danamon as Head
                                                    as Regional Head Banjarmasin since April 2016.       of Information Security Management.
SANTOSO WIBOWO
IT Project Management Head                          TRI GANGGA WIRATMA                                   YEREMIA ARIYANTO IMANUEL
Indonesian citizen, born in 1977. Bachelor’s        Process Management & Operations Control              Credit Asset Recovery Head
degree in Computer Science from Pelita Harapan      Head                                                 Indonesian citizen, born in 1975. Holds a
University. Appointed as Head of IT Project         Indonesian citizen, born in 1963. Holds              Bachelor’s Degree in Economics from the
Management since May 2018, previously worked        a Bachelor’s degree in Social Affairs from           University of Mataram. Appointed as Head of
at Bank UOB Indonesia as Head of Retail BTOM.       Diponegoro University. Appointed as Head of          Credit Asset Recovery since April 2017, and
                                                    Process Management & Operations Control since        previously worked at the Bank as Head of SME
SARMIATI                                            July 2020, and previously worked at the Bank as      Asset Recovery since January 2016.
Capital Market Services Head                        Head of Process Management since March 2019.
Indonesian citizen, born in 1958. Bachelor’s                                                             YOYO JUHARTOYO
degree in Economics from Esa Unggul University.     TRIARSO ANGGORO                                      IT Electronic Channel Head
Appointed as Head of Capital Market Services in     Network Operations Head                              Indonesian citizen, born in 1965. Bachelor’s
April 2012 and previously worked at the Bank as     Indonesian citizen, born in 1967. Bachelor’s         degree in Economics from Bina Nusantara
Head of Capital Markets Division since July 2000.   degree in Economics from Mercu Buana University.     University. Appointed as Head of IT Electronic
                                                    Appointed as Head of Network Operations              Channel since February 2015 and previously
SRI DEWI MULYATI                                    since April 2015, previously worked at Bank Pan      worked at the Bank as Head of Information
CCPL Marketing & Business Support Head              Indonesia as Head of Business Process Retail         Technology since May 2013.
Indonesian citizen, born in 1964. Holds a           Banking Group.
bachelor’s degree in education from Jakarta State
                                                                                                         Z
                                                    U
University and a master’s degree in management
from the Indonesian Institute of Business and
                                                                                                         ZICO MARIO SAMUEL SETIONO
Informatics. Appointed as CCPL Marketing &
                                                    UTOMO BUDI RAHARDJO                                  Chief of Staff
Business Support Head since November 2019,
                                                    Process & System Development Head                    Indonesian citizen, born in 1986. Holds a
and previously worked at Bank Pan Indonesia as
                                                    Indonesian citizen, born in 1962. Holds a            Bachelor’s Degree in Accounting from Trisakti
the Unsecured Lending Business Group Head.
                                                    Bachelor’s Degree in Computer Science from           University and a Master’s Degree in Finance from
                                                    Gunadarma University and a Master’s Degree in        the University of New South Wales (AU) - Sydney,
SHINTA MELZATIA
                                                    Business Administration from the Asian Institute     Australia. Appointed as Chief of Staff since May
Trustee & Agency Service Head
                                                    of Management - Philippines. Appointed as Head       2022 and previously worked at ZA Tech Global
Indonesian citizen, born in 1974. Holds a
                                                    of Process and System Development since May          Indonesia as VP Business Development.
Bachelor’s Degree in Economics from Mercu
Buana University and a Master’s Degree in           2018, and previously worked at the Bank as Head
Accounting from the University of Indonesia.        of Core Banking Systems.
Appointed as Head of Trustee & Agency Services
since February 2023 and previously worked at
Ciidea Consulting as an Associate Consultant.       W
                                                    WINDY SRI EKAWATI
SRI BUDIASIH PURWANDARI                             National Credit Review, Restructure &
Custodian Service Head                              Control Head
Indonesian citizen, born in 1964. Bachelor’s        Indonesian citizen, born in 1984. Holds a
degree in Agriculture from Bogor Agricultural       Bachelor’s Degree in Psychology from the
Institute. Appointed as Head of Custodian           University of Indonesia. Appointed as Head of
Services since September 2023 and previously        National Credit Review, Restructuring & Control
worked at the Bank as Head of Capital Marketing     since August 2022 and previously worked at the
& Processing.                                       Bank as Head of Corporate & Commercial Credit
                                                    Review since April 2017.




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                    Company Profile




Composition of Shareholders
The composition of the shareholders of Bank Mega as of
December 31, 2023 is as follows:




        PT MEGA CORPORA                                                                  PUBLICT <5%




      58,02%                                                                     41,98%




                                              PT BANK MEGA, Tbk




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                                                                               PT BANK MEGA Tbk           2023 Annual Report




                   Share Ownership at the Beginning of the Year               Share Ownership at the End of the Year
                               (January 1, 2023)                                      (December 31, 2023)
                                                            Issued and                                               Issued and
                      Number of        Percantage of                         Number of        Percantage of
  Shareholders                                            Paid-Up Capital                                          Paid-Up Capital
                       Shares           Ownership                             Shares           Ownership
                                                            (RpMillion)                                              (RpMillion)

 PT Mega Corpora       6,811,830,514             58.02%          3,405,915    6,812,223,614               58.02%          3,406,112

 Public - each         4,929,092,851             41.98%          2,464,547    4,928,699,751               41.98%          2,464,350
 below 5%

 Total               11,740,923,365           100.00%           5,870,462    11,740,923,365           100.00%            5,870,462




Shareholders Composition with Ownership of 5% or More


                   Share Ownership at the Beginning of the Year               Share Ownership at the End of the Year
                               (January 1, 2023)                                      (December 31, 2023)
                                                            Issued and                                               Issued and
                      Number of        Percantage of                         Number of        Percantage of
  Shareholders                                            Paid-Up Capital                                          Paid-Up Capital
                       Shares           Ownership                             Shares           Ownership
                                                            (RpMillion)                                              (RpMillion)

 PT Mega Corpora       6,811,830,514             58.02%          3,405,915    6,812,223,614               58.02%          3,406,112




Shareholders Composition with Ownership of Less Than 5%


                   Share Ownership at the Beginning of the Year               Share Ownership at the End of the Year
                               (January 1, 2023)                                      (December 31, 2023)
                                                            Issued and                                               Issued and
                      Number of        Percantage of                         Number of        Percantage of
  Shareholders                                            Paid-Up Capital                                          Paid-Up Capital
                       Shares           Ownership                             Shares           Ownership
                                                            (RpMillion)                                              (RpMillion)

 Public - each         4,929,092,851             41.98%          2,464,547    4,928,699,751               41.98%          2,464,350
 below 5%




Share Ownership Composition by Members of the Board of Directors and Board of Commissioners


                   Share Ownership at the Beginning of the Year               Share Ownership at the End of the Year
                               (January 1, 2023)                                      (December 31, 2023)
                                                            Issued and                                               Issued and
                      Number of        Percantage of                         Number of        Percantage of
  Shareholders                                            Paid-Up Capital                                          Paid-Up Capital
                       Shares           Ownership                             Shares           Ownership
                                                            (RpMillion)                                              (RpMillion)

 Board of                  -                 -                   -                -                   -                   -
 Commissioners

 Directors                 -                 -                   -                -                   -                   -




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                          Company Profile




Shareholders Composition Based on Classification of Investor Type and Nationality


                       Share Ownership at the Beginning of the Year              Share Ownership at the End of the Year
                                   (January 1, 2023)                                     (December 31, 2023)
  Shareholder               Total           Total Shares      Percentage of         Total          Total Shares     Percentage of
    Groups              Shareholders          (Shares)        Ownership (%)     Shareholders         (Shares)       Ownership (%)

Local Institutions                  50      11,184,886,490              95.26              53      11,186,367,390             95.28

Foreign Institutions                16         523,304,780               4.46              19         523,001,880              4.45

Local Individuals                2,622          26,557,356               0.23            2.559         25,378,456              0.22

Foreign Individuals                    6         6,174,739               0.05                  9        6,175,639              0.05

Total                            2,694      11,740,923,365               100            2.640      11,740,923,365              100




Corporate Group Structure
PT Mega Corpora is Bank Mega’s parent company. PT Mega Corpora is owned by PT CT Corpora and PT Para Rekan
Investama. Chairul Tanjung & family are the owners of the two ultimate parent companies of the bank.




                                                                                                        PT PARA REKAN
      PT CT CORPORA
                                                                                                          INVESTAMA
        Chairul Tanjung &
                                                                                                          Chairul Tanjung &
             Family
                                                                                                               Family




                                                           PT MEGA CORPORA


                                            99,99%                            0,01%
                                             PT CT CORPORA             PT PARA REKAN INVESTAMA




                                                           PT BANK MEGA, Tbk


                                  58,02%                                           41,98%
                                 PT MEGA CORPORA                                      PUBLIC <5%




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                                                                         PT BANK MEGA Tbk      2023 Annual Report




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                     Company Profile




Business Group Structure
PT CT Corpora is a business group with various business lines, namely financial services, media, leisure & hospitality,
entertainment and property, and retail & lifestyle as shown below.




                                                                                                 MANAJEMEN DATA
                                                                                                    CORPORA




PT Mega Corpora’s position is aligned with two other pillar groups, PT Trans Corpora operating in media, lifestyle and
entertainment and PT Management Data Corpora. The entire group operates in synergy with each other within the CT
Corp ecosystem.




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                                                                         PT BANK MEGA Tbk      2023 Annual Report




                                                                                SISTEM              CT GLOBAL
                                                                              PEMBAYARAN         FINANCE PTE. LTD
                                                                                DIGITAL
                                                                                                   GLOBAL AIR
                                                                                                    PTE. LTD


                                                                                                   MINTVILLE
                                                                                                  CORPORATION


                                                                                                   PACIFIC AIR
                                                                                                  HOLDINGS LTD


                                                                                                    FINEGOLD
                                                                                                  RESOURCES LTD




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                      Company Profile




Subsidiaries and
Associate Entities

Bank Mega has no subsidiaries and affiliates at December       Daerah Sulawesi Utara & Gorontalo, PT Bank Pembangunan
31, 2023. However, as part of PT Mega Corpora, which is        Daerah Sulawesi Tengah, PT Mega Auto Finance, PT Mega
the holding company that oversees all financial companies      Central Finance, PT Asuransi Umum Mega, PT PFI Mega
PT CT Corpora, Bank Mega has sister companies, namely.         Life Insurance (dh.PT Asuransi Jiwa Mega Indonesia), PT
PT Bank Mega Syariah, PT Allo Bank Indonesia Tbk (dh.          Mega Capital Sekuritas, PT Mega Asset Management, PT
PT Bank Harda Internasional Tbk), PT Bank Pembangunan          Mega Finance, dan Sistem Pembayaran Digital.




Chronology of Share Issuance of
Share and/or Listing

The chronology of issuing and/or listing Bank Mega shares          Bank offered Limited Public Offering I with Pre-emptive
from its Initial Public Offering in 2000 until the end of          Rights of 181,980,000 shares at par value of Rp500
2023 is as follows:                                                (full amount) per share at offering price of Rp1,100 (full
                                                                   amount) per share. With this Limited Public Offering,
•   On March 15, 2000, in accordance with the letter from          the issued and fully paid-up share capital of the Bank
    the chairman of BAPEPAM-LK No. S-493/PM/2000,                  became Rp470,115 representing 940,230,000 shares.
    the Bank’s Registration Statement for the initial public
    offering became effective. The Bank conducted an           •   Based on the Decision of Extraordinary General
    initial public offering of its 112,500,000 shares with         Meeting of Shareholders held on March 10, 2005, the
    par value of Rp500 (full amount) per share at offering         Bank declared bonus shares of Rp141,034 by issuing
    price of Rp1,200 (full amount) per share. On April             282,068,998 bonus shares at par value of Rp500
    17, 2000, the shares were listed and traded in the             (full amount) per share, which came from additional
    Indonesia Stock Exchange.                                      paid-in capital and declared stock dividends of
                                                                   Rp477,260 which came from retained earnings using
•   Based on the decision of Extraordinary General                 the closing price published by the Indonesian Stock
    Meeting of Shareholder held on March 29, 2001, the             Exchange on March 9, 2005, at Rp2,350 (full amount)
    Bank declared bonus shares of Rp69,526 by issuing              per share. Accordingly, the issued and fully paid-in
    139,052,000 bonus shares at par value of Rp500 (full           share capital increased to Rp712,694 which represent
    amount) per share which came from additional paid-in           1,425,388,642 shares.
    capital and declared stock dividends of Rp63,785 or
    56,698,000 shares which came from retained earnings        •   Based on the Decision of Extraordinary General
    using the closing price of the Bank’s shares published         Meeting of Shareholders held on March 24, 2006,
    by the Indonesian Stock Exchange on March 28, 2001,            it is resolved to offer Limited Public Offering Il with
    at Rp1,125 (full amount) per share. Accordingly, the           Pre-emptive Rights representing 200,054,546 shares at
    issued and fully paid-up capital of the Bank increased         par value of Rp500 (full amount) per share at offering
    to Rp379,125 which represent 758,250,000 shares.               price of Rp2,500 (full amount) per share. With this
                                                                   Limited Public Offering II, the issued and fully paid-in
•   Based on the Decision of Extraordinary General                 share capital of the Bank became Rp812,722 which
    Meeting of Shareholders held on May 22, 2002, the              represent 1,625,443,188 shares.



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                                                                           PT BANK MEGA Tbk         2023 Annual Report




•   According to the decision of Extraordinary General          •   Based on the Decision of the Annual General Meeting
    Meeting of Shareholders held on June 5, 2008, the               of Shareholders held on February 25, 2022, the Bank
    shareholders approved, among others, the increase               declared bonus shares of Rp2,043,868 by issuing
    of the Banks authorized share capital from Rp900,000            4,087,736,045 bonus shares at par value of Rp500
    representing 1,800,000,000 shares to Rp3,200,000                (full amount) per share, which came from additional
    representing 6,400,000,000 shares.                              paid-in capital which were distributed to shareholders
•   The decision of Annual General Meeting of                       in proportion to the distribution ratio for each holder of
    Shareholders held on May 20, 2009 declared bonus                1,000 shares receiving 587 bonus shares and declared
    shares at a maximum of 1,555,781,337 shares which               stock dividends of 689,413,745 shares which came from
    came from additional paid-in capital amounted to                the retained earnings with a distribution ratio for each
    Rp777,890 which was distributed proportionaly to the            holder of 1,000 shares obtaining 99 shares distributed
    listed shareholders (Recording Date) with a ratio of 67         proportionally in the amount of Rp6,687,304 using the
    new shares with par value of Rp500 (full amount) per            closing price of the Bank’s shares on the Indonesia
    share for every 70 shares owned by each shareholder,            Stock Exchange dated March 11, 2022, at Rp9,700
    provided that any remaining fractional shares due to            (full amount) per share, provided that any remaining
    the division based on the ratio are returned to the Bank.       fractional shares are returned to the Bank. With
    With the declaration of these bonus shares, the issued          the declaration of these bonus shares and stock
    and fully paid-in share capital of the Bank became              dividends, the issued and fully paid-in share capital
    Rp1,590,612 which represent 3,181,224,188 shares.               of the Bank became Rp5,870,462 which represent
                                                                    11,740,923,365 shares.
•   The decision of Annual General Meeting of
    Shareholders held on May 12, 2011 declared the
    issuance of 464,731,862 stock dividends which came
    from retained earnings at an amount not to exceed
    Rp1,603,325 with par value of Rp500 (full amount)
    per share, provided that any remaining fractional
    shares are returned to the Bank. With the declaration
    of these stock dividends, the issued and fully paid-in
    share capital of the Bank became Rp1,822,978 which
    represent 3,645,956,050 shares.

•   Based on the Decision of Extraordinary General
    Meeting of Shareholders held on April 17, 2013,
    the Bank declared bonus shares at a maximum of
    2,741,758,949 shares which came from additional paid-
    in capital maximum amounted to Rp1,370,959 which
    was distributed proportionally to the shareholders with
    a ratio of 376 bonus shares with par value of Rp500
    (full amount) per share for every 500 shares owned
    by each shareholder, and declared stock dividends
    at a maximum of 408,347,077 stock dividends which
    came from retained earnings with a ratio for every 500
    shares owned by each shareholder received 56 shares
    which was distributed proportionally at an amount
    not to exceed Rp1,664,849 using the closing price of
    the Bank’s shares published by the Indonesia Stock
    Exchange onApril 16, 2013 at Rp4,050 (full amount)
    per share, provided that any remaining fractional shares
    are returned to the Bank. With the declaration of these
    bonus shares and stock dividends, the issued and fully
    paid-in share capital of the Bank became Rp3,481,888
    whichrepresent 6,963,775,206 shares.




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                       Company Profile




Chronology of Other Securities
Issuance and/or Listing

Bank Mega has issued subordinated bonds, the chronology         •   On May 27, 2020 PT Bank Mega, Tbk together with PT
of issuance and/or listing of which is as follows:                  Mega Corpora signed an agreement for the issuance of
                                                                    PT Bank Mega Tbk Subordinated Bond in 2020, called
•   On January 15, 2008, the Bank issued Bank Mega                  Obligasi Subordinasi I PT Bank Mega, Tbk Tahun 2020.
    Subordinated Bonds 2007 (Bonds) totaling Rp.                    The Subordinated Bond transaction value reaches
    1,000,000,000 (in millions). The public offering of             Rp50.00 billion with a maturity of 5 years from issuance
    the Bonds has received an effective declaration from            date, and the Subordinated Bond interest rate is fixed.
    the Chairman of BAPEPAM - LK in letter no. S-6569/              More detailed information on this bond structure can
    BL/2007 dated December 28, 2007. These Bonds                    be found in the section entitled “Key Highlights and
    mature in full on January 15, 2018 or on an earlier date,       Other Important Information”.
    namely January 16, 2013, if the Bank exercises the
    call option after the 5th (fifth) anniversary of the date   •   The issuance of the Subordinated Bonds is in
    of issuance at market prices, taking into account the           compliance with the provisions of POJK No. 14/
    provisions in the Trustee Agreement and the provisions          POJK.03/2017 dated April 4, 2017, regarding action
    of applicable laws in Indonesia, upon prior approval of         plans (recovery plans) for systemic banks. The funds
    Bank Indonesia. All of these bonds have been listed             raised from the issuance of these subordinated
    on the Indonesia Stock Exchange on the basis of letter          bonds, after deduction of issuance costs, will be
    no. S-00240/BELCAT-S/01-2008 of January 15, 2008.               used for working capital in the context of business
    The structure of this subordinated bond can be found            development, in particular for the provision of credit
    in the section “Key Highlights and Other Important              and strengthening of the capital structure by being
    Information”.                                                   calculated as supplementary capital (Tier 2), as well
                                                                    as for increasing the composition of the long-term
•   On the basis of Bank Indonesia’s letter No. 10/23/              collection structure.
    DPBI/rahasia dated 31 January 2008, Bank Indonesia
    approved the Bank’s request to include the proceeds
    of the Bond Issue in the amount of Rp. 1,000,000,000
    (in millions) as a component of the Bank’s Tier 1 capital
    with a maximum amount of 50% of the Bank’s Tier 1
    capital as of January 2008. 2008.




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                                                                                    PT BANK MEGA Tbk           2023 Annual Report




Supporting Capital Market
Institutions and Professions

In conducting business activities related to capital markets throughout 2023, Bank Mega is supported by the following
capital markets institutions and professionals:



    Types of Capital
   Market Supporting                                                            Type and Form                                 Assignment
                                          Name & Address                          of Services               Fee (Rp)            Period
    Institutions and
      Professionals

 Kantor Akuntan Publik       KAP Amir Abadi Jusuf, Aryanto, Mawar & Rekan     Audited the Bank’s         Rp.2.000.000.000,-   2023
                             Plaza ASIA, Level 10 Jl. Jend. Sudirman Kav.59   Financial Statements for   (not include PPN)
                             Jakarta 12190 Indonesia                          year ended 31t
                             T: +62 21 5140 1340                              December
                             F: +62 21 5140 1540                              2023.
                             E contact@rsm.id

 Biro Administrasi Efek      PT Datindo Entrycom                              To manage recording        Rp.20.000.000,-      2023
                             JL. Hayam Wuruk No. 28                           Bank’s shares which        (not include PPN)
                             Tel. 021 350-8077                                is related to monthly
                             Fax. 021 350-8078                                shareholders data and
                             Jakarta 10120 - Indonesia                        recording date.

 Lembaga Pemeringkat         PT Pemeringkat Efek Indonesia (Pefindo)          Assignment of the          Rp.150.000.000,-     2023
                             PT Equity Tower Lt. 30                           company rating of Bank     (not include PPN)
                             Sudirman Central Business District, Lot. 9       Mega on an annual
                             Jl. Jend. Sudirman Kav. 52-53                    basis according to the
                             Jakarta Selatan 12190, Indonesia                 rating agreement.
                             Tel. (021) 509 68469
                             Fax. (021) 509 68468

 Notary                      Notaris Dharma Akhyuzi, SH                       The preparation of the     Rp.87.000.000,-      2023
                             Jl.Otto Iskandardinata (Otista) 3 No.117         Deed of the 2023           (not include PPN)
                             Jakarta Timur, Indonesia                         General Meeting of
                             Tel. (021) 8515502                               Shareholders.
                             Fax. (021) 8515377




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                        Company Profile




Information on the
Company Website

Bank Mega creates and manages the main website of the                       Pursuant to Article 6 of the Financial Services Authority
Bank, namely https://bankmega.com/id/, based on the OJK                     Regulation (POJK) No. 8/POJK.4/2015 on the Websites
Regulation No. 8/POJK.04/2015 concerning the websites                       of Issuers or Public Companies, Bank Mega has
of issuers or public companies. Bank Mega’s website,                        provided information on the website regarding the
which was created in Indonesian and English, reflects the                   following information:
Bank’s commitment to the implementation of Law No. 8                        1. General information about issuers or public companies;
of 1995 on Capital Markets and the improvement of the                       2. Information for Investors or Investors;
implementation of good corporate governance, especially                     3. Corporate governance information; and
towards shareholders, customers, the community, the                         4. Corporate social responsibility information.
government as well as other stakeholders.




Office Network Address
                                                                                         Phone
 No           Office Name                                 Address                                           Fax           Province
                                                                                        Number
  1    KC JKT SUDIRMAN                    Sudirman Plaza Complex Indofood Tower,       02157935988      02157935959      DKI JAKARTA
                                          Lantai Dasar Jl. Jend Sudirman Kav 76-78
                                          Jakarta 12920

  2    KCP JKT HASYIM ASHARI              Jl. KH. Hasyim Ashari No 9 E                  0216329327      0216326585       DKI JAKARTA

  3    KCP JKT BENHIL                     Jl. Bendungan Hilir Raya No. 88              02157951661      02157951662      DKI JAKARTA

  4    KCP SBY KERTAJAYA                  Jl. Kertajaya No. 65 Surabaya 60286           0315014655      0315014653       JAWA TIMUR

  5    KC DENPASAR                        Jl. Teuku Umar No. 263                        0361237137      0361237136           BALI

  6    KCP JKT KOTA                       Jl. Pintu Besar Utara No. 31-33               0216902667      0216913083       DKI JAKARTA

  7    KCP SBY KEMBANG JEPUN              Jl. Kembang Jepun No. 180-184                 0313525343      0313552206       JAWA TIMUR

  8    KC SBY YOS SUDARSO                 Jl. Yos Sudarso no. 17                        0315310241      0315457193       JAWA TIMUR

  9    KC SBY SUNGKONO                    Kompleks Wonokitri Indah Kav. S 3- 5          0315619731      0315661183       JAWA TIMUR
                                          Jl. May. Jend Sungkono

  10   KC MALANG                          Jl. Jaksa Agung Suprapto No. 27               0341361653      0341361658       JAWA TIMUR

  11   KC JOMBANG                         Jl. K.H. Wachid Hasyim No. 181                0321861473      0321861282       JAWA TIMUR

  12   KCP JKT SENEN                      Kompl. Pertokoan Segitiga Senen               0213855124      0213852324       DKI JAKARTA
                                          Blok C 8 Jl. Senen Raya No. 135

  13   KCP DENPASAR SEMINYAK              Jl. Raya Basangkasa No. 10                    0361737727      0361737728           BALI
                                          Denpasar 80361

  14   KC JKT EQUITY TOWER                Gedung Perkantoran Equity Tower Ground       02129035252      02129035394      DKI JAKARTA
                                          Floor A1 Jl. Jend. Sudirman Kav. 52-53,
                                          Lot.9 SCBD

  15   KCP JKT FATMAWATI                  Jl. RS. Fatmawati No. 80 E - F               02175915141      02175914868      DKI JAKARTA

  16   KCP CIMAHI TRANSMART               Ged. Transmart Cimahi Unit G-4 Jl. Raya      02286001144      02286001145      JAWA BARAT
                                          Cimahi relokasi dari KCP JKT PLAZA
                                          CHASE Gedung Plaza Chase, Ground
                                          Floor Jl Jendral Sudirman Kav 21



112                          PT BANK MEGA Tbk            2023 Annual Report           Refocus in Business Strategy for Sustainable Growth
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                                                                                   PT BANK MEGA Tbk      2023 Annual Report




                                                                                     Phone
 No            Office Name                              Address                                       Fax          Province
                                                                                    Number
  17   KCP JKT KEBON JERUK              Komplek Graha Kencana Jl. Perjuangan       02153673982    02153673979     DKI JAKARTA
                                        No 88C & 88D Relokasi dari Graha
                                        Kencana Ground Floor Jl. Perjuangan No
                                        88 Kebun Jeruk
  18   KC BANDUNG                       Menara Bank Mega Bandung, Jl. Gatot        02287341000    02287340910     JAWA BARAT
                                        Subroto No. 283 - Bandung 40263
  19   KCP JKT RASUNA SAID              Menara Mega Syariah, Lt.1 Jl. HR. Rasuna   02129852020    02129852021     DKI JAKARTA
                                        Said, Kav.No.19A relokasi dari Menara
                                        Kadin Jl. HR Rasuna Said Blok X-3 Kav5 -
                                        Jakarta 12950
  20   KC JKT PLUIT                     Jl. Pluit Kencana Raya No.98-100            0216628873    0216628874      DKI JAKARTA
                                        Jakarta Utara 14450 DKI Jakarta
  21   KCP JKT SUNTER                   Komplek Rukan Puri Mutiara Blok A No.83    02165306423    02165306426     DKI JAKARTA
                                        Jl. Griya Utama Sunter Agung
                                        Jakarta 14350
  22   KCP JKT BINTARO                  Bintaro Sektor I Blok E – 20                0217351008    0217351012      DKI JAKARTA
  23   KCP SBY GRESIK                   Kompleks Pertokoan Multi Sarana Plaza       0313979936    0313982015      JAWA TIMUR
                                        Blok A No 8 Jl. Gubernur Suryo
  24   KC JKT ROXY                      Komplek Ruko Roxy Mas Blok B2 No.01         0216334956    0216334957      DKI JAKARTA
                                        Jl.Kh.Hasyim Ashari 125 Jakarta Pusat
                                        10150 DKI Jakarta relokasi dari Komp.
                                        Niaga Roxy Mas, Blok C5 No.22 jl. KH.
                                        Hasyim Ashari Jakarta
  25   KCP BKS KALIMALANG               Komplek Ruko XML (Kalimalang) No.43 Jl.     0218640525    0218640779      JAWA BARAT
                                        KH. Noer Ali, Kalimalang Bekasi 17136
  26   KCP JKT SAHARJO                  Jl. Prof.Dr.Soepomo No.32                  02183702359    0218295198      DKI JAKARTA
                                        Kel Menteng Dalam Jakarta 12870
  27   KCP JKT TANJUNG DUREN            Jl. Tanjung Duren Raya No. 139              0215645966    0215645967      DKI JAKARTA
  28   KCP JKT RAWAMANGUN               Jl. Paus No. 89 B, RT 01/RW 08, Jati,       0214753070    0214756277      DKI JAKARTA
                                        Kecamatan Pulo Gadung,
                                        Jakarta Timur 13220
  29   KC KEDIRI                        Jl. Erlangga No 19                          0354694009    0354694010      JAWA TIMUR
  30   KC SEMARANG                      MBM Semarang Lt. GF Jl. Pandanaran         02486460900    0243549371     JAWA TENGAH
                                        No.82 relokasi dari Jl. Pemuda No. 108
  31   KC YOGYAKARTA                    Jl. Jendral Sudirman No. 44                 0274548622    0274548623      YOGYAKARTA
  32   KCP JKT CIKINI                   Jl.Cikini Raya No.28A relokasi dari Ged     0213157671    0213157617      DKI JAKARTA
                                        Konica Lt. 1 Jl. Gunung Sahari No. 78
  33   KC BKS A. YANI                   Jl. Jend Ahmad Yani Ruko Bekasi Mas        02188960133    02188960134     JAWA BARAT
                                        A3-5 Kota Bekasi 17141 Jawa Barat
  34   KCP SBY KEDUNGDORO               Jl. Kedungdoro 105                          0315354494    0315354530      JAWA TIMUR
  35   KCP JKT PASAR BARU               Jl. Sukarjo Wiryopranoto No. 7 A            0216011888    0216011883      DKI JAKARTA
  36   KCP JKT TANAH ABANG              Jl. Fachrudin Tanah Abang Bukit             0213926751    02131924088     DKI JAKARTA
                                        Blok C No. 49
  37   KCP JKT JEMBATAN LIMA            Komplek Ruko Jembatan Lima Indah            0216331341    0216330785      DKI JAKARTA
                                        No. 15 E , Jl. K.H. Mas Mansyur
  38   KCP SBY KAPAS KRAMPUNG           Jl. Kapas Krampung No. 162 relokasi         0315026033    0315025977      JAWA TIMUR
                                        menjadi Jl. Kapas Krampung No. 186
                                        Kel Ploso, Kec Tambaksari, Surabaya -
                                        Jawa Timur tanggal 18 Oktober 2010
  39   KC MEDAN                         Jl. Kapt. Maulana Lubis No. 11              0614511618    0614565449       SUMATERA
                                        Medan 20212                                                                  UTARA
  40   KCP BSD                          Komplek BSD Sektor VII Blok RL No. 27       0215388208    0215388211        BANTEN
  41   KCP BDG KOPO                     Komplek Ruko Kopo Plaza                     0226002955    0226002957      JAWA BARAT
                                        Jl. Lingkar Selatan Blok B No. 8
  42   KCP JKT GEDUNG JAYA              Jl. MH. Thamrin No. 12                     02131927937    02131928036     DKI JAKARTA
  43   KCP JKT KEMANG                   Wisma Bakrie CSU Lt. 1,                     0217180771    0217180773      DKI JAKARTA
                                        Jl. Kemang Raya No. 4
  44   KC SOLO                          Jl. Slamet Riyadi No. 323                   0271733660    0271733662     JAWA TENGAH
  45   KC LAMPUNG                       Jl. Laksamana Malahayati 8 relokasi dari    0721474668    0721474670       LAMPUNG
                                        Jl. Laksamana Malahayati 24




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                                                                                         Phone
No           Office Name                                Address                                             Fax           Province
                                                                                        Number
46    KC PADANG                         Jl.Jend Sudirman no.42 B-C Padang               075120999        075123099     SUMATERA BARAT
                                        25128
47    KC PEKANBARU                      Jl. Jend. Sudirman No. 450, relokasi tgl        0761885888      0761854030           RIAU
                                        6 Desember 2010 ke Jl. Jend Sudirman
                                        No.351
48    KC JAMBI                          Jl. Gatot Soebroto No. 102-104 relokasi        07417550805       074124008          JAMBI
                                        ke Jl. Hayam Wuruk No. 102 Kel. Sungai
                                        Asam, Kec. Jambi Selatan, Jambi
49    KC BATAM                          Jl. Sultan Abdul Rahman Komplek                07784884100      07784884101    KEPULAUAN RIAU
                                        Lumbung Rejeki Blok D No. 5-6, RT 001
                                        RW 002, Kel. Lubuk Baja Kota,
                                        Kec. Lubuk Baja, Nagoya
50    KCP MDN HARYONO                   Jl. MT. Haryono No. 144 - 146                   0614157165      0614157056        SUMATERA
                                                                                                                            UTARA
51    KC SAMARINDA                      Jl. Jenderal Sudirman No.33B relokasi           0541748899      0541736919       KALIMANTAN
                                        dari Jl. H. Agus Salim 3 B-C                                                        TIMUR
52    KC BALIKPAPAN                     Jl. Ahmad Yani No. 33 - 34                      0542441516      0542441586       KALIMANTAN
                                                                                                                            TIMUR
53    KC BANJARMASIN                    Jl. S. Parman No. 37 relokasi dari Jl.         05116739000      05116710022      KALIMANTAN
                                        Lambung Mangkurat No. 45, 46 & 48                                                  SELATAN
54    KC MAKASSAR                       Jl. A. Yani No. 7                              04113623232      04113618107        SULAWESI
                                                                                                                           SELATAN
55    KCP SBY JEMUR ANDAYANI            Jl. Jemur Andayani No. 11C                      0318434951      0318434957       JAWA TIMUR
56    KCP MALANG KYAI TAMIN             Jl. Gatot Soebroto No. 21A relokasi             0341343877      0341343873       JAWA TIMUR
                                        menjadi Jl. Kyai Tamin No.35 – 41,
                                        Kel Sukoharjo Kec Klojen - Kota Malang
                                        Prop Jawa Timur
57    KC CIREBON                        Jl. Surya Negara Blok D. 10-11, Cirebon         0231211110      0231238800       JAWA BARAT
                                        45118 relokasi menjadi Jl. Yos Sudarso
                                        No.2B - Cirebon (7 Des'09)
58    KCP UBUD                          Jl. Raya Ubud, Ds. Kutur No. 115                0361977635      0361977636           BALI
59    KCP JKT JAYAKARTA                 Jl. Pangeran Jayakarta No. 109A                 0216266687      0216266683       DKI JAKARTA
60    KC PALEMBANG                      Jl. Kapt. A. Rivai No. 31 F                     0711373160      0711354140        SUMATERA
                                                                                                                           SELATAN
61    KCP JKT DUTA MAS                  Komp. Pertokoan Duta Mas Fatmawati              0217233830      0217233782       DKI JAKARTA
                                        Blok B1 No. 6, Jl. RS. Fatmawati No. 39
62    KC JKT CEMPAKA MAS                Rukan Graha Cempaka Mas Blok B No.01,           0214222929      0214222980       DKI JAKARTA
                                        Jl. Letjend Suprapto Jakarta Pusat 10640
                                        DKI Jakarta
63    KC JKT MANGGA DUA                 Jl. Mangga Dua Raya Harco Mangga Dua            0216000188      0216123162       DKI JAKARTA
                                        Blok E 32, Jakarta Pusat 10730
                                        DKI Jakarta
64    KCP BDG BUAH BATU                 Jl. Buah Batu No 141                            0227322855      0227322856       JAWA BARAT
65    KCP BDG SETRASARI                 Jl. Prof.Dr.Soeria Soemantri kav.7 relokasi     0222009860      0222009858       JAWA BARAT
                                        dari Setrasari Mal Ruko A7, Jl. Ir. Sutami
66    KC JKT TENDEAN                    Menara Bank Mega Lantai. Dasar, Jl. Kapt.      02179175888      0217990868       DKI JAKARTA
                                        Tendean Kav. 12 - 14A relokasi dari Ged.
                                        Trans TV lt. Dasar Jl. Kapt. Tendean
                                        No. 12 - 14A Jakarta
67    KC MANADO                         Kawasan Mega Mas Blok IB No. 1                  0431879555      0431879561     SULAWESI UTARA
                                        Jl. Piere Tendean (Boulevard)
68    KCP TANGERANG                     Jl. Daan Mogot No.27 B                         02155772060      02155772063        BANTEN
69    KCP JKT KELAPA GADING             Jl. Boulevard Barat Blok LA 1 No.5-6           02145854822      02145854819      DKI JAKARTA
70    KCP MDN CIREBON                   Jl. Cirebon No. 45                              0614555525      0614555508        SUMATERA
                                                                                                                            UTARA
71    KCP MAKASAR A.YANI                Jl. A. Yani No. 43                             04113618356      04113617447        SULAWESI
                                                                                                                           SELATAN
72    KC JKT THE PRIME SUNTER           The PRIME – Office Suites Lantai Lobby         021 22657125     021 22657126     DKI JAKARTA
                                        Suites D, Jl. Yos Sudarso Kav 30
73    KCP LAMPUNG - KARTINI             Jl. Kartini Blok B1 No. 25                      0721242468      0721242471         LAMPUNG
                                        Bandar Lampung



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                                                                                    Phone
 No            Office Name                              Address                                      Fax          Province
                                                                                   Number
  74   KCP PALEMBANG SAYANGAN           Jl. Sayangan No. 72 Kel. Ilir Timur        0711375838    0711375607       SUMATERA
                                        Palembang                                                                  SELATAN
  75   KCP SOLO URIP SUMOHARJO          Jl. Urip Sumiharjo No. 47                  0271662668    0271662601     JAWA TENGAH
  76   KCP YOGYAKARTA SRIWEDANI         Jl. Sriwedani No. 6 Yogyakarta             0274554949    0274557420      YOGYAKARTA
  77   KCP MAKASAR PANAKUKANG           Jl. Raya Boulevard Jasper II No. 45 C      0411425036    0411425037       SULAWESI
                                        Panakukang                                                                SELATAN
  78   KCP JKT WARUNG BUNCIT            Wisma Perkasa                              0217902530    0217902532      DKI JAKARTA
                                        Jl. Warung Buncit Raya 21 B
  79   KCP JKT MUARA KARANG             Jl. Muara Karang Raya No. 50 E             0216621018    0216621135      DKI JAKARTA
  80   KCP TGR CIPUTAT                  Kompl. Pertokoan Megamal Blok A/3,         217444221     0217443661        BANTEN
                                        Ciputat Jl. Ciputat Raya
  81   KCP JKT LOKASARI                 Komplek Pertokoan THR Lokasari Blok B      0216259886    0216591325      DKI JAKARTA
                                        25 - 27 Jl. Mangga Besar.
  82   KC PONTIANAK                     Jl. H. Agus Salim No. 10 – 12              0561739822    0561749078      KALIMANTAN
                                                                                                                    BARAT
  83   KC BOGOR                         Jl. Ir. Juanda No. 38 - 40                02518356545    02518356546     JAWA BARAT
  84   KCP BKS CIKARANG                 Ruko Menteng, Blok A No. 6, Jl. MH.       02189907877    02189907879     JAWA BARAT
                                        Thamrin Lippo Cikarang, Cikarang 175450
  85   KCP CIPADUNG TRANSMART           Transmart Cipadung Unit GF 006 Jl. A.H.   022-87836456   022-87836446    JAWA BARAT
                                        Nasution No.73 relokasi dari KK BATAM
                                        MUKAKUNING Wisma Batamindo Lt. 1
                                        No. 6, Jl. Rasamala 1 Mukakuning
  86   KCP JKT PERMATA HIJAU            Grand ITC Permata Hijau, Ruko Emerald     02153663522    02153663516     DKI JAKARTA
                                        No. 9 Jl. Arteri Permata Hijau
  87   KCP BDG JUANDA                   Jl. Ir. H. Juanda No. 126B                 0222532129    0222532017      JAWA BARAT
  88   KCP BDG SUDIRMAN                 Komplek Ruko Sudirman Plaza Blok 91F,      0224260117    0224260116      JAWA BARAT
                                        Jl. Jend. Sudirman No. 66-68
  89   KCP JKT ITC MANGGA DUA           ITC Mangga Dua Lt. 4 Blok A No. 14-15     02162300855    02162300880     DKI JAKARTA
                                        Mangga Dua Raya relokasi menjadi ITC
                                        Mangga Dua Lt.4 Blok AB no.39-42,
                                        Jl.Mangga Dua Raya Jakarta Utara 14430
  90   KCP BALIKPAPAN SUDIRMAN          Komp. Balikpapan Permai No. 9,             0542443448    0542443449      KALIMANTAN
                                        Jl. Jend.Sudirman                                                           TIMUR
  91   KCP SAMARINDA S. PARMAN          Komp. Ruko Simpang Dr.Sutomo Petak 1,      0541201222    0541202048      KALIMANTAN
                                        Jl. S.Parman No.1 Samarinda                                                 TIMUR
  92   KCP MADIUN                       Jl. Jend. Sudirman No. 23 Madiun 63116     0351483678    0351483676      JAWA TIMUR
  93   KCP SBY NGAGEL                   Komp. RMI Jl. Ngagel Jaya Selatan Blok     0315017115    0315052956      JAWA TIMUR
                                        D – 12, SURABAYA 60284
  94   KC MATARAM                       Jl. Pejanggik 129, Cakranegara,            0370648988    0370648090     NUSA TENGGARA
                                        Mataram 83231                                                               BARAT
  95   KC PURWOKERTO                    Komplek Ruko Kranji Megah                  0281642758    0281642741     JAWA TENGAH
                                        Jl. Jend. Sudirman No. 393
  96   KCP MALANG KAWI                  Jl. Terusan Kawi No. 2 Kav. 7              0341576234    0341576232      JAWA TIMUR
  97   KCP PALEMBANG PTC                Palembang Trade Center Blok 18,            0711382382    0711382234       SUMATERA
                                        Jl. R. Sukanto No. 8A,                                                     SELATAN
  98   KC JKT PONDOK INDAH              Pondok Indah Plaza I Blok Ua 14,          02175911608    02175911607     DKI JAKARTA
                                        Jl. Taman Duta I Jakarta Selatan 12310
                                        DKI Jakarta
  99   KCP KUDUS                        Jl. Komp. Pertokoan Ahmad Yani No. 15,     0291446458    0291446369     JAWA TENGAH
                                        Jl. Ahmad Yani, Kudus
 100   KCP BANJARMASIN                  JL. Jend.A. Yani KM 36,5                  05114787575    05114787585     KALIMANTAN
       BANJARBARU                                                                                                  SELATAN
 101   KCP JKT KRAMAT RAYA              JL. KRAMAT RAYA NO.178 B                   0213144377    0213144585      DKI JAKARTA
 102   KCP JKT CINERE                   Jl. Cinere Raya Blok A No.1 B              0217535438    0217536148      JAWA BARAT
 103   KCP SEMARANG PETERONGAN          Ruko Peterongan Plaza Blok A-12 Jl. MT.    0248413255    0248413236     JAWA TENGAH
                                        Haryono No. 719
 104   KCP CIBUBUR CITRA GRAND          Komp. Ruko Citra Grand Blok R1 No.16      02184592345    0218452345      JAWA BARAT
                                        Jl. Raya Alternatif Cibubur
 105   KC JEMBER                        Jl. A. Yani No. 19                         0331481010    0331481616      JAWA TIMUR



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                                                                                          Phone
No              Office Name                              Address                                             Fax           Province
                                                                                         Number
106   KCP JKT GREEN GARDEN               Komplek Ruko Green Garden                       0215800123      0215811506       DKI JAKARTA
                                         Blok I-9 No. 12A Jl. Panjang
107   KC KENDARI                         Jl. A. Yani No. 30 AB Blok A3 dan A4           04013133232      04013128733        SULAWESI
                                                                                                                           TENGGARA
108   KCP DEPOK ITC                      Jl. Margonda Raya No.56                        02177214436      02177214435      JAWA BARAT
109   KCP SBY SIDOARJO                   Jl. A. Yani No.41-43 Blok C                     0318959787      0318959786       JAWA TIMUR
                                         Kota Surabaya 61212 Jawa Timur
110   KCP BLITAR                         Jl. Cepaka No.5 Blitar 66121                    0342816398      0342816397       JAWA TIMUR
111   KCP JKT MAYESTIK                   Jl. Kyai Maja No.53 C Jakarta 12130            02172798545      02172798556      DKI JAKARTA
112   KCP PALU MANONDA                   Komplek Ruko Patra Moderen Blok J1              0451460600      0451460601         SULAWESI
                                         no.7-8 Jl. Labu Relokasi dari KCP CIBUBUR                                           TENGAH
                                         LEGENDA WISATA Ruko Little China JA-01
                                         Jl.Alternatif Trans Yogi km.6 Cibubur 16967
113   KCP JKT TUBAGUS ANGKE              Jl. Tubagus Angke Komp. Duta Mas Blok          02156944575      02156944576      DKI JAKARTA
                                         D9/A kav.7 Jakarta 11460
114   KCP CILEGON                        Jl. Raya SA Tirtayasa No.17 G                   0254388882      0254388622         BANTEN
                                         Cilegon 42411
115   KCP BEKASI JUANDA                  Jl. Ir. H. Juanda 137 Blok A No. 5              0218806229      0218807215       JAWA BARAT
116   KC TEGAL                           Jl. Gajah Mada No. 103 Pekauman Tegal           0283324545      0283324600      JAWA TENGAH
117   KCP TANJUNG PINANG                 Jl Merdeka No. 1 Tanjung Pinang Riau            0771313911      0771314419     KEPULAUAN RIAU
118   KCP JKT CEMPAKA PUTIH              Gedung Tindra unit J Jl.Letjend Suprapto        0214225877      0214225887       DKI JAKARTA
                                         No.60 Cempaka Putih
119   KCP JKT KEBON JERUK                Komplek Ruko Intercon Plaza Blok F no.9        02158903686      02158933789      DKI JAKARTA
      INTERCON                           Jl.Taman Kebon Jeruk Jakarta
120   KCP TULUNGAGUNG                    Jl.Diponegoro No.130                            0355337069      0355337066       JAWA TIMUR
                                         Tamanan,Tulugagung
121   KCP SBY MULYOSARI                  Jl.Mulyosari No.360 E Surabaya                  0315910343      0315912894       JAWA TIMUR
122   KCP BANJARMASIN A.YANI             Jl.A.Yani KM 3,5 No.66 A Karang                05113263399      05113266681      KALIMANTAN
                                         mekar,Banjarmasin Timur                                                            SELATAN
123   KC PALU                            Jl.Jend Sudirman No.15 Besusu Tengah            0451456401      0451456407         SULAWESI
                                         Palu 94111                                                                          TENGAH
124   KCP MANADO SAM RATULANGI           Gedung pasca sarjana lt Dasar Universitas       0431854842      0431854809     SULAWESI UTARA
                                         Samratulangi,Jl Raya Kampus UNSRAT
                                         relokasi ke Komplek Perkantoran Wanea
                                         Plaza Blok A1 no.1, Jl.Sam Ratulangi Kel/
                                         Kec. Wanea, Manado
125   KCP SEMARANG SUARI                 Ruko Suari blok D Jl.Suari No.7                 0243522992      0243522991      JAWA TENGAH
                                         Semarang 50137
126   KCP PEKALONGAN                     Jl.KH.Mansyur No.30 Blok 5 & 6                  0285431238      0285431239      JAWA TENGAH
                                         Pekalongan
127   KCP PEKANBARU RIAU                 Jl.Riau No.56 B                                 076133299        076138600           RIAU
                                         Kampung baru kec Senapelan
128   KCP JAMBI WILTOP                   Komplek pertokoan wiltop                       07417837169      07417837168         JAMBI
                                         Jl.Sultan Thaha No.29-30 Jambi 36132
129   KC TASIKMALAYA                     Jl.Gunung Sabeulah No.2 D Kelurahan             0265338509      0265337735       JAWA BARAT
                                         Yudanagara Tasikmalaya 46121
130   KCP SBY HR.MUHAMMAD                Komplek ruko HR.Muhammad Square kav.            0317382861      0317382859       JAWA TIMUR
                                         A1 Jl.HR.Muhammad 140B-1,
                                         Surabaya 60225
131   KCP JKT PURI INDAH                 Rukan Sentra Niaga Puri Indah Blok T-6         02158356388      02158356387      DKI JAKARTA
                                         No.22 Kembangan Jakarta 11610
132   KC SBY DARMO                       Jl.Raya Darmo No.95 Surabaya 60265              0315688566      0315688575       JAWA TIMUR
133   KCP DENPASAR GATOT                 Jl Gatot Subroto Tengah 296 C                   0361424600      0361430588           BALI
      SUBROTO                            Denpasar 80113
134   KCP BOGOR PADJAJARAN               Ruko Sentra V Point Jl.Padjadjaran No.1        02518387030      02518364018      JAWA BARAT
                                         Blok ZC Sukasari Bogor 16143
135   KCP CILACAP                        Jl. A Yani Square No.2-3 Cilacap 53213          0282520366      0282520122      JAWA TENGAH




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                                                                                      Phone
 No            Office Name                             Address                                         Fax          Province
                                                                                     Number
 136   KCP JKT CITRA GARDEN             Komplek ruko Citraniaga no.A2               02154370788    02154370790     DKI JAKARTA
                                        Jl.Kebahagiaan Jakarta 11830
 137   KCP MAKASSAR METRO SQUARE        Jl Veteran Utara Kompleks Ruko Makkasar     04113626565   0411'3625212      SULAWESI
                                        Square Blok B No.7 Makassar 90141                                           SELATAN
 138   KCP JKT KELAPA GADING            Jl Boulevard Raya Blok CN 3 No.3            02145840533    02145854819     DKI JAKARTA
       BOULEVARD RAYA                   Kelapa Gading Jakarta 41240
 139   KCP JAMBI TRANSMART              Transmart Jambi Unit GF 19,                 07413611084    07413611085        JAMBI
                                        Jl. Jend Sudirman, Kel. Tambaksari,
                                        Kec. Jambi Selatan
 140   KCP BEKASI JABABEKA              Ruko Jababeka 1 Shop House                   0218934646    0218934346      JAWA BARAT
                                        Blok B 14-15 Cikarang 17550
 141   KCP PATI                         Jl. Panglima Sudirman No. 87 Pati 59111      0295385663    0295386223     JAWA TENGAH
 142   KCP PURWAKARTA                   JL. RE Martadinata No. 12                    0264200018    0264200019      JAWA BARAT
                                        Nagri Tengah Purwakarta 41114
 143   KCP GARUT                        Jl.Ciledug No. 146                           0262242191    0262242190      JAWA BARAT
                                        Kota Kulon Garut 44112
 144   KCP BOJONEGORO                   Jl. Untung Surapati No. 18                   0353893500    0353893505      JAWA TIMUR
                                        Bojonegoro 62215
 145   KCP JKT PANTAI INDAH KAPUK       Rukan Cordoba Blok G No. 17                 02155966039    02155966040     DKI JAKARTA
                                        Bukit Golf Mediterania Pantai Indah Kapuk
                                        Jakarta 14440
 146   KCP MDN PULO BRAYAN              Jl. Yos Sudarso Komodor Laut No. 16/EF       0616636110    0616636106       SUMATERA
                                        Medan 20116                                                                   UTARA
 147   KCP PALOPO                       Jl Kelapa NO. 60 Palopo 91921                047124800      047121002       SULAWESI
                                                                                                                    SELATAN
 148   KCP MAMUJU                       Jl. Andi Pangerang Pettarani No. 45          042622433      042622290    SULAWESI BARAT
                                        Mamuju 91511
 149   KCP TIMIKA                       Jl Cendrawasih No. 99                        0901323918    0901323939         PAPUA
                                        Distrik Mimika Baru Timika 99910
 150   KCP GORONTALO                    Jl Ahmad Yani No. 139 Gorontalo 96114        0435824999    0435829977      GORONTALO
 151   KCP MERAUKE                      Jl. Raya Mandala No. 330 Merauke 99611       0971324500    0971324700         PAPUA
 152   KCP SORONG                       Jl Sudirman No. 60 Sorong 98415              0951331731    0951331922      PAPUA BARAT
 153   KCP KLATEN                       Jl. Pemuda Selatan No. 119 Klaten 57412      0272329242    0272329241     JAWA TENGAH
 154   KCP PROBOLINGGO                  Jl. Soekarno Hatta No. 35                    0335437929    0335437922      JAWA TIMUR
                                        Probolinggo 67211
 155   KC BENGKULU                      Jl. Sudirman No. 237 Bengkulu 38115          0736347088     073625543       BENGKULU
 156   KCP SERANG                       Jl A Yani No. 15 Serang 42151                0254216070    0254216027        BANTEN
 157   KCP SUMBAWA                      Jl. Diponegoro No. 55 Sumbawa 84313          0371626669    0371626660    NUSA TENGGARA
                                                                                                                     BARAT
 158   KCP BANYUWANGI                   Jl. A Yani No. 46 Lingkungan Mulyosari       0333419288    0333419282      JAWA TIMUR
                                        Banyuwangi 68414
 159   KCP SUKABUMI                     Jl. Sudirman No. 49 Sukabumi 43121           0266215500    0266217600      JAWA BARAT
 160   KCP SAMPIT                       Jl. Ahmad Yani No. 51 Sampit 74322           053130902      053132051      KALIMANTAN
                                                                                                                     TENGAH
 161   KCP MAGELANG                     Jl Jend Sudirman No. 139 Magelang            0293313226    0293313125     JAWA TENGAH
 162   KCP TARAKAN                      Jl. Jend Sudirman No. 2 Tarakan 77111        055121108      055122558      KALIMANTAN
                                                                                                                      UTARA
 163   KC TERNATE                       Jl. Babula No. 2 Ternate 97723              09213128550    09213128577    MALUKU UTARA
 164   KCP KETAPANG                     Jl. Let Jend R Suprapto No. 159             05343037099    05343037098     KALIMANTAN
                                        Ketapang 78851                                                                BARAT
 165   KCP MDN ISKANDAR MUDA            Jl Sultan Iskandar Muda No. 137              0614564676    0614564611       SUMATERA
                                        Medan 20119                                                                   UTARA
 166   KCP SINTANG                      Jl M T Haryono No. 15 Sintang 68614          056522255      056522252      KALIMANTAN
                                                                                                                      BARAT
 167   KC PARE- PARE                    Jl. Bau Maseppe No.451 Pare-Pare 78851       042124588      042124800       SULAWESI
                                        Sulawesi Selatan                                                            SELATAN
 168   KC PALANGKARAYA                  Jl. A Yani No.66 - Palangkaraya 73111       05363241444    05363241441     KALIMANTAN
                                                                                                                     TENGAH



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                                                                                           Phone
No           Office Name                                  Address                                             Fax           Province
                                                                                          Number
169   KCP BITUNG                          Jl. Yos Sudarso No.01, Lingkungan V -           043834454        043834820     SULAWESI UTARA
                                          Bitung 95521
170   KCP JKT GADING ORCHARD              Komp.Orchard Sq Jl.Raya Klp Hybrida            02129077300      02129077340      DKI JAKARTA
                                          Blk GOS No.B19 relokasi dari KCP JKT
                                          PACIFIC PLACE Gedung Pacific Place
                                          SCBD, Jl. Jend Sudirman Kav 52-53 -
                                          Jakarta 12190
171   KCP JKT TB SIMATUPANG               Gd. GKM Green Tower , Jl. TB Simatupang        02150812101      02150812102      DKI JAKARTA
                                          Kav. 89G, Pasar Minggu relokasi dari
                                          Gedung AJMI,Ged. Sovereign Plaza Lt.
                                          Ground A Jl.TB Simatupang Kav.36 relokasi
                                          dari KCP JKT PULO GADUNG Gedung
                                          Astra Agro Lestari Jl. Pulo Ayang Raya Blok
                                          OR-1, Kawasan Industri Pulo Gadung -
                                          Jakarta 13930
172   KCP BKS PONDOK GEDE                 Pondok Gede Plaza Jl. Raya Pondok Gede         02184938487      02184938488      JAWA BARAT
                                          Blok C No.21&22, Bekasi 17411
173   KCP JKT TAMAN PALEM                 Komp Perumahan Taman Palem Lestari             02155951983      02155951986      DKI JAKARTA
                                          Blok B-17 No.65-66,
                                          Cengkareng - Jakarta 11730
174   KCP SUMEDANG                        Jl. Prabu Geusan Ulu No.53, Kec                 0261201799      0261201649       JAWA BARAT
                                          Sumedang Selatan - Sumedang 45312
175   KCP MAJALAYA                        Blok Pasar Tengah Jl. Pasar Tengah No.28       02285963789      02285963790      JAWA BARAT
                                          Kec Majalaya bandung 40291
176   KCP JEPARA                          Jl. Pemuda No.3A, Potroyudan -                  0291597825      0291597832      JAWA TENGAH
                                          Jepara 59411
177   KCP SITUBONDO                       Jl. Argopuro No.102, Kec Panji -                0338672800      0338674300       JAWA TIMUR
                                          Situbondo 68355
178   KCP LEMBANG                         Jl. Raya Lembang No.360                         0222787002      0222784755       JAWA BARAT
                                          Kec Lembang Bandung 40391
179   KCP SBY WIYUNG                      Jl. Raya Menganti Wiyung No.18,                 0317524378      0317524726       JAWA TIMUR
                                          Kec Wiyung - Surabaya 60228
180   KCP CIANJUR                         Jl. Dr Muwardi No.110,                          0263262856      0263262866       JAWA BARAT
                                          Kec Cianjur - Cianjur 43216
181   KCP KEDIRI PARE                     Jl. Pahlawan Kusuma Bangsa No.39,               0354392900      0354395700       JAWA TIMUR
                                          Kec Pare - Kediri 64212
182   KCP JATIBARANG                      Jl. Mayor Dasuki No.176,                       02345357268      02345357262      JAWA BARAT
                                          Kec Jatibarang - Indramayu 45273
183   KCP NGANJUK                         Jl. A Yani No.77, Nganjuk 64411                 0358331777      0358331771       JAWA TIMUR
184   KCP BDG SOEKARNO HATTA              Jl. Bypass Soekarno Hatta No. 592 Kec.          0227508956      0227508987       JAWA BARAT
                                          Buah Batu Desa Sekejati Kota Bandung
                                          40286 Propinsi Jawa Barat
185   KC KUPANG                           Jl. Moh Hatta No.30A,                           0380820500      0380820013     NUSA TENGGARA
                                          Kec Oebobo - Kupang 85112                                                          TIMUR
186   KC CIMAHI                           Jl. Jendral Amir Machmud No.517                 0226635006      0226635007       JAWA BARAT
                                          Kota Cimahi 40532 Jawa Barat
187   KCP BATURAJA                        Jl. Ahmad Yani No.55, Baturaja 32111            0735327201      0735327202        SUMATERA
                                                                                                                             SELATAN
188   KCP SINGKAWANG                      Jl. Yos Sudarso No.88, Kec Singkawang           0562633828      0562634020       KALIMANTAN
                                          Barat - Singkawang 79122                                                            BARAT
189   KCP BONTANG                         Jl. Jend Ahmad Yani No.33,                      054822525        054825077       KALIMANTAN
                                          Kec Bontang Utara - Bontang 75311                                                   TIMUR
190   KCP SANGATTA                        Jl. Yos Sudarso IV No.40B,                     05492027966       054921531       KALIMANTAN
                                          Sangatta - Kutai Timur 75611                                                        TIMUR
191   KCP JKT TANJUNG PRIOK               Jl. Enggano No.68,                             02143800746      02143800745      DKI JAKARTA
                                          Kec Tanjung Priok - Jakarta 14310
192   KCP KARAWANG                        Jl. Ahmad Yani No.87 - Karawang 41373          02678453029      02678453024      JAWA BARAT
193   KCP BOYOLALI                        Jl. Raya Pandanaran No.5,                       0276325100      0276325355      JAWA TENGAH
                                          Kec Boyolali - Boyolali 57311
194   KCP BENGKALIS                       Jl. Ahmad Yani, Kel Bengkalis,                  076622286        076622287           RIAU
                                          Kec Bengkalis – Bengkalis 28712 (Riau)



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                                                                                       Phone
 No            Office Name                              Address                                         Fax          Province
                                                                                      Number
 195   KCP PELAIHARI                    Jl. Ahmad Yani, Kel Pelaihari,                051223234      051223100      KALIMANTAN
                                        Kec Pelaihari – Kab Tanah Laut 70811                                          SELATAN
                                        (Kalimantan Selatan)
 196   KCP SUKOHARJO                    Jl. Jend Sudirman No.119, Kel Jomber,         0271592551    0271592046     JAWA TENGAH
                                        Kec Bendosari – Sukoharjo 57521
                                        (Jawa Tengah)
 197   KCP SAMBAS                       Jl. Gusti Hamzah, Kel Durian, Kec Sambas      0562393231    0562393227      KALIMANTAN
                                        – Sambas 79462 (Kalimantan Barat)                                              BARAT
 198   KCP SANGGAU                      Jl. Ahmad Yani No.14, Kel Ilir Kota,          056422313      056421912      KALIMANTAN
                                        Kec Sanggau Kapuas – Sanggau 78513                                             BARAT
                                        (Kalimantan Barat)
 199   KCP LUWUK BANGGAI                Jl. Ahmad Yani No.153 kel.luwuk, kec          046123901      046123903       SULAWESI
                                        Luwuk kab Banggai 94711                                                       TENGAH
 200   KCP CIBINONG                     Jl. Mayor Oking, Kel Cirimekar, Kec          02187914557    02187914569     JAWA BARAT
                                        Cibinong – Bogor 16918 – Jawa Barat
 201   KCP BONE                         Jl. Ahmad Yani, No.2 Kel Macege kec           048123001      048126232       SULAWESI
                                        palaka Kab Bone Sulawesi Selatan                                             SELATAN
 202   KCP DEWI SARTIKA                 Jl. Dewi Sartika Raya No.71 Kel Cawang       02180877927    02180877317     DKI JAKARTA
                                        Kec Kramat Jati jakarta 13630
 203   KCP SUNGAI LIAT                  Jl. Jend Sudirman No.106, Kel Sri             071795927      071792862       BANGKA
                                        Menanti, Kec Sungai Liat, Kab Bangka                                         BELITUNG
                                        33214 - Propinsi Bangka Belitung
 204   KCP PEKANBARU NANGKA             Jl. Tuanku Tambusai No.199, Kel Labuh         076139541      076139549         RIAU
                                        Baru Timur , Kec Tampan, Kodya
                                        Pekanbaru 28291 - Propinsi Riau
 205   KCP PANGKALAN KERINCI            Jl. Maharaja Indra, Kel Pangkalan Kerinci,    0761494478    0761494447         RIAU
                                        Kec Pangkalan Kerinci,
                                        Kab Pelalawan - Riau
 206   KCP TANA PASER                   Jl. R Suprapto RT 08 / 04 No.9, Kel Tanah     054321090      054321022      KALIMANTAN
                                        Grogot, Kec Tanah Grogot,                                                      TIMUR
                                        Kab Paser - KalTim
 207   KCP NABIRE                       Jl. Yos Sudarso, Kel Oyehe,                   098424220      098424244         PAPUA
                                        Kec Nabire - Papua
 208   KCP PEKANBARU HARAPAN JAYA       Jl. H Imam Munandar, Kel Tangkerang           076144133      076144122         RIAU
                                        Selatan, Kec Bukit Raya,
                                        Kota Pekanbaru - Riau
 209   KCP JKT PASAR KRAMAT JATI        Ruko Pasar Induk Kramat Jati Blok D2         02187788275    02187788285     DKI JAKARTA
                                        No.11,12&12A, Kel Tengah,
                                        Kec Kramat Jati - Jakarta Timur
 210   KCP SBY TRANSMART RUNGKUT        Transmart Rungkut, Jl.Raya Kali Rungkut      03187855261    03187855323     JAWA TIMUR
                                        No.25 Relokasi dari Pusat Pertokoan
                                        Semut Megah Jl. Stasiun Kota 24C / No.
                                        8-9, Kel Bongkaran, Kec Pabean Cantikan,
                                        Surabaya - Jawa Timur
 211   KCP BDG KOPO INDAH               Taman Kopo Indah II Blok IV A7, Desa          0225405399    0225405099      JAWA BARAT
                                        Rahayu, Kec Margaasih, Kab Bandung -
                                        Jawa Barat
 212   KCP BARABAI                      Jl. Garuda / Pangeran Moh Noor, Kel           051742399      051742167      KALIMANTAN
                                        Barabai Utara, Kec Barabai, Kab Hulu                                          SELATAN
                                        Sungai Tengah - Prop Kalimantan Selatan
 213   KCP BANJAR                       Jl. Letjen Suwarto No.10, Kel Hegarsari,      0265745535    0265745560      JAWA BARAT
                                        Kec Pataruman, Kota Banjar 46322 -
                                        Jawa Barat
 214   KCP RANTAU PRAPAT                Jl. Ahmad Yani No.128, Kartini, Rantau        0624351129    0624351123       SUMATERA
                                        Utara, Labuhan Batu - Sumatera Utara                                           UTARA
 215   KCP TENGGARONG                   Jl. Achmad Muksin No.56, Kel Timbau,         05416666405    05417244724     KALIMANTAN
                                        Tenggarong - Kalimantan Timur                                                  TIMUR
 216   KCP TNG KARAWACI                 Ruko Perkantoran Pinangsia Blok H             0215519699    0215519747        BANTEN
                                        No.062 & 063, Kel Panunggangan Barat,
                                        Kec Cibodas, Kota Tangerang - Banten
 217   KCP BATULICIN                    Jl. Raya Batulicin, Desa Kampung Baru,        051874345      051874346      KALIMANTAN
                                        Kec Batulicin, Kab Kota Baru -                                                SELATAN
                                        Kalimantan Selatan




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                                                                                         Phone
No           Office Name                               Address                                              Fax           Province
                                                                                        Number
218   KCP TEBING TINGGI                Jl. Jend A Yani, Kel Mandailing, Kec             062122666        062124666        SUMATERA
                                       Tebing Tinggi Kota, Kota Tebing Tinggi                                               UTARA
                                       20626 - Sumatera Utara
219   KCP SRAGEN                       Jl. Sukowati No.135, Sragen -                   02718823171      0271232234      JAWA TENGAH
                                       Jawa Tengah
220   KCP JKT DUTA HARAPAN INDAH       Jl. Komp Duta Harapan Indah Blok L11 &          02166602545      02166602414      DKI JAKARTA
                                       L12, Kel Kapuk Muara, Kec Penjaringan,
                                       Jakarta Utara - DKI Jakarta
221   KCP JKT BANDENGAN                Jl. Bandengan Utara No.87, Kel                  02166605145      02166605323      DKI JAKARTA
                                       Penjaringan, Kec Penjaringan, Jakarta
                                       Utara - DKI Jakarta
222   KCP TANJUNG TABALONG             Jl. Pangeran Antasari, Kel Tanjung, Kec         05262022202      05262022780      KALIMANTAN
                                       Tanjung, Kab Tabalong -                                                             SELATAN
                                       Prop Kalimantan Selatan
223   KCP TROPODO                      Jl. Raya Tropodo B-1 & B-5, Tropodo, Kec         0318662228      0318668524       JAWA TIMUR
                                       Waru, Kab Sidoarjo - Jawa Timur
224   KCP MUARA TEWEH                  Jl. Yetro Sinseng, Kel Lanjas, Kec Teweh         051924858        051924859       KALIMANTAN
                                       Tengah, Kab Barito Utara -                                                          TENGAH
                                       Kalimantan Tengah
225   KCP KUALA KAPUAS                 Jl. Jend A Yani No.104, Kel Selat Hilir, Kec     051323551        051323580       KALIMANTAN
                                       Selat, Kab Kapuas - Kalimantan Selatan                                              TENGAH
226   KCP KISARAN                      Jl. Cokroaminoto No.41, Kel Kisaran Kota,        062342399        062342326        SUMATERA
                                       Kec, Kota Kisaran Barat, Kab Asahan,                                                 UTARA
                                       Prop Sumatera Utara
227   KCP PANGKAL PINANG               Jl. Jend Sudirman No.35, Kec Taman Sari,         0717424709      0717424539         BANGKA
                                       Kodya Pangkal Pinang,                                                               BELITUNG
                                       Prop Bangka Belitung
228   KCP TOMOHON                      Jl. Babe Palar Matani III, Kel Matani, Kc       04313157891      04313157791    SULAWESI UTARA
                                       Tomohon Tengah, Kab Minahasa, Prop
                                       Sulawesi Utara
229   KCP DUMAI                        Jl. Jend Sudirman No.75 Kel Teluk Binjai,        0765438222      0765438221           RIAU
                                       Kec Dumai Timur Kota Dumai Prop Riau
230   KCP TEMBILAHAN                   Jl. M Boya No.18, Kel Tembilahan Kota,           076821601        076821602           RIAU
                                       Kec Tembilahan, Kab Indragiri Hilir - Riau
231   KCP TUBAN                        Jl. Panglima Sudirman No.185,                    0356327678      0356326997       JAWA TIMUR
                                       Sendangharjo, Tuban - Jawa Timur
232   KCP PARIGI                       Jl. Trans Sulawesi No.163, Kec Parigi,           045021555        045021035         SULAWESI
                                       Kab Parigi Moutong, Sulawesi Tengah                                                  TENGAH
233   KCP DURI                         Jl. Jend Sudirman, Desa Babussalam,              0765594633      0765594631           RIAU
                                       Kec Mandau - Kab Bengkalis
234   KCP UJUNG BATU                   Jl. Jend Sudirman, Desa Ujung Batu              07627363303      07627363302          RIAU
                                       Timur, Kec Ujung Batu, Kab Rokan Hulu -
                                       Prop Riau
235   KCP PRABUMULIH                   Jl. Jend Sudirman, Kel Muara Dua, Kec            0713323600      0713322115        SUMATERA
                                       Prabumulih Timur, Kota Prabumulih -                                                 SELATAN
                                       Prop Sumatera Selatan
236   KCP SBY KLAMPIS                  Jl. Klampis Jaya No. 88-90, Kec Sukolilo,        0315963175      0315963194       JAWA TIMUR
                                       Kota Surabaya - Jawa Timur
237   KC PEMATANG SIANTAR              Jl. Sutomo, Siantar Business Center Blok         062222123        062243111        SUMATERA
                                       E3 & E4, Kel Pahlawan, Kec Siantar Timur,                                            UTARA
                                       Kota Pematang Siantar - Sumatera Utara
238   KCP MEDAN KATAMSO                Komp Grand Katamso Jl. Brigjend                  0617853666      0617876601        SUMATERA
                                       Katamso, Kel Kampung Baru, Kec Medan                                                 UTARA
                                       Maimun, Medan - Sumatera Utara
239   KCP KOTABARU                     Jl. H Agus Salim No.11, Kel Kotabaru             051823633        051823662       KALIMANTAN
                                       Tengah, Kec Pulau Laut Utara,                                                       SELATAN
                                       Kab Kotabaru - Kalimantan Selatan
240   KC TANGERANG GADING              Jl. Bulevar Raya Gading Serpong Kav             02129000809      02129000769        BANTEN
      SERPONG                          Blok M5/15 Desa Curug Sangereng, Kec
                                       Padegangan Kab Tangerang –
                                       Prop Banten




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                                                                                       Phone
 No            Office Name                              Address                                         Fax              Province
                                                                                      Number
 241   KCP TANJUNG BALAI                Jl. HOS Cokroaminoto (d/h                     0623595655    0623595889           SUMATERA
                                        Sisingamangaraja), Kel Indra Sakti, Kec                                            UTARA
                                        Tanjung Balai Selatan, Tanjung Balai -
                                        Sumatera Utara
 242   KCP MANADO CALACA                Ruko Pasar Calaca Unit.3, Kel Calaca, Kec     0431843320    0431843512        SULAWESI UTARA
                                        Wenang - Kota Manado - Sulawesi Utara
 243   KCP MAKASAR DAYA                 Komp Bukit Khatulistiwa Blok A No.15-        04114772158    04114772244          SULAWESI
                                        16, Jl Perintis Kemerdekaan Km14, Kel                                            SELATAN
                                        Paccerakang, Kec Biringkanaya,
                                        Kota Makassar - Sulawesi Selatan
 244   KCP TANJUNG REDEB                Jl. SM Aminuddin, Kel Bugis, Kec Tanjung      055423077      055423079          KALIMANTAN
                                        Redeb, Kab Berau - Kalimantan Timur                                                TIMUR
 245   KCP BELOPA                       Jl. Topoka No.89 (Poros Palopo), Kel         04713316111    04713316090          SULAWESI
                                        Tanamanai, Kec Belopa, Kab Luwu -                                                SELATAN
                                        Prop Sulawesi Selatan
 246   KCP TANJUNG PERAK                Jl. Perak Timur No.196, Kec Pabean            0313283051    0313284896          JAWA TIMUR
                                        Cantikan, Surabaya - Jawa Timur
 247   KCP BDG RAJAWALI                 Jl. Rajawali Barat No.63, Kec Andir,          0226012858    0226012771          JAWA BARAT
                                        Kota Bandung - Jawa Barat
 248   KCP CIKAMPEK                     Jl. Ahmad Yani No.9 Kel Cikampek             02648387344    02648387171         JAWA BARAT
                                        Selatan Kec Cikampek Kab Karawang
                                        Prop Jawa Barat
 249   KCP PINRANG                      Jl. Jend Sudirman , Kec Watang Sawito,        0421922266    0421923778           SULAWESI
                                        Kab Pinrang - Sulawesi Selatan                                                   SELATAN
 250   KC SIBOLGA                       Jl. Brigjend Katamso No.01, Kel Pasar         063126601      063126606           SUMATERA
                                        Baru, Kec Sibolga Kota, Kota Sibolga,                                              UTARA
                                        Prop Sumatera Utara
 251   KCP FAK-FAK                      Jl. Brigjend Katamso No.01, Kel Pasar         095624430      095624515          PAPUA BARAT
                                        Baru, Kec Sibolga Kota, Kota Sibolga,
                                        Prop Sumatera Utara
 252   KCP MAKASSAR TANJUNG             Menara Bank Mega Makassar Lt. G & 1,         04118118900    04118118522          SULAWESI
       BUNGA                            Jl. Metro Tanjung Bunga, Kel Maccini                                             SELATAN
                                        Sombala, Kec Tamalate, Kota Makassar,
                                        Prop Sulawesi Selatan
 253   KCP PANGKALAN BUN                Jl. Sukma Aria Ningrat, Kel Baru, Kec Arut    053225103      053225105          KALIMANTAN
                                        Selatan, Kab Kotawaringin Barat -                                                 TENGAH
                                        Prop Kalimantan Tengah
 254   KCP AMUNTAI                      Jl. Norman Umar, Kel Kebun Sari, Kec          052763522      052761969          KALIMANTAN
                                        Amuntai Tengah, Kab Hulu Sungai Utara                                             SELATAN
 255   KCP MAKASSAR TRANS STUDIO        Trans Studio Mall Extention LGM - 16         04113604061           -             SULAWESI
                                        Jl. Metro Tj. Bunga                                                              SELATAN
 256   KCP CILEGON TRANSMART            Transmart Cilegon Lt. GF. Jl. KH. Yasin      02547817747    02547818035           BANTEN
                                        Beji Kel. Kebondalem, Kec. Purwakarta,
                                        Kota Cilegon relokasi dari Wisma GKBI
                                        Suite G05, Jl. Jend Sudirman No.28 Kota
                                        Jakarta Pusat Prop DKI Jakarta
 257   KCP BANDAR JAYA LAMPUNG          Jl. Proklamator, Kel. Bandar Jaya Timur,      0725528288    0725528252           LAMPUNG
                                        Kec. Terbanggi Besar, Kab. Lampung
                                        Tengah, Prop. Lampung
 258   KCP JKT SEASONS CITY             Jl. Latumenten No.33 Komp Ruko Seasons       02129071491    02129071492         DKI JAKARTA
                                        City Blok E28 dan E29, Kel Jemb Besi,
                                        Kec Tambora, Kota Jakarta Barat,
                                        Prop DKI Jakarta
 259   KCP SENGKANG                     Jl. Jend Sudirman, Kel Lapongkoda, Kec        048521700      048522031           SULAWESI
                                        Tempe, Kab Wajo - Prop Sulawesi Selatan                                          SELATAN
 260   KCP MALANG DINOYO                Jl. MT Haryono No.140, Kel Dinoyo,            0341553845    0341553841          JAWA TIMUR
                                        Kota Malang - Prop Jawa Timur
 261   KCP BREBES                       Jl. Raya A Yani No.71, Kel Brebes, Kec       02386177500    02386177600        JAWA TENGAH
                                        Brebes, Kab Brebes - Jawa Tengah
 262   KCP MDN THAMRIN                  Jl. MH Thamrin Kel Sei Rengas II, Kec         0617334130    0617320430           SUMATERA
                                        Medan Area, Kota Medan,                                                            UTARA
                                        Prop Sumatera Utara




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                                                                                         Phone
No           Office Name                               Address                                              Fax           Province
                                                                                        Number
263   KCP SBY PASAR TURI               Ruko Pasar Turi, Jl. Semarang 94-124/B8,         0315354817      0315354807       JAWA TIMUR
                                       Kel Bubutan, Kec Bubutan,
                                       Surabaya - Jawa Timur
264   KCP MOJOKERTO                    Jl. Mojopahit No.380, Kel Miji, Kec Prajurit     0321383428      0321383440       JAWA TIMUR
                                       Kulon, Mojokerto - Jawa Timur
265   KCP CIREBON SURYA NEGARA         Jl. Surya Negara Blok D. 10-11,                  0231226949      0231223567       JAWA BARAT
                                       Cirebon 45118 - Jawa Barat
266   KCP TANGERANG CITRA RAYA         Jl. Citra Raya Boulevard Blok H-1 No.15,        02159401141      02159400516        BANTEN
                                       Citra Raya, Cikupa, Tangerang - Banten
267   KCP HAYAM WURUK                  Jl. Hayam Wuruk No.97A, Kel Maphar,              0216284610      0216284609       DKI JAKARTA
                                       Kec Taman Sari, Kota Jakarta Barat -
                                       Prop DKI Jakarta
268   KCP BALIKPAPAN SOEPRAPTO         Jl. Letjend Soeprapto, Komp Pertokoan            0542747266      0542747286       KALIMANTAN
                                       Plaza Kebun Sayur Blok T-20, Kel Baru Ilir,                                          TIMUR
                                       kec Balikpapan Barat, Kota Balikpapan -
                                       Prop Kalimantan Timur
269   KCP BUKITTINGGI                  Jl. Ahmad Yani No.113, Kel Benteng               075231200        075235317     SUMATERA BARAT
                                       Pasar Atas, Kec Guguk Panjang, Kota
                                       Bukittinggi - Prop Sumatera Barat
270   KCP SBY DHARMAHUSADA             Jl. Dharmahusada No.113-113A,                    0315990114      0315990220       JAWA TIMUR
                                       Kel Mojo, Kec Gubeng, Kota Surabaya -
                                       Prop Jawa Timur
271   KCP TOBELO                       Jl. Kemakmuran, Desa Gosoma, Kec                09242621222      09242622218     MALUKU UTARA
                                       Tobelo, Kab Halmahera Utara - P
                                       rop Maluku Utara
272   KCP SALATIGA                     Jl. Pemuda No.1, Kel Sidorejo,                   0298329333      0298329415      JAWA TENGAH
                                       Kec Salatiga, Kodya Salatiga -
                                       Prop Jawa Tengah
273   KCP MDN KRAKATAU                 Jl. Gunung Krakatau, Kel Pulo Brayan             0616615935      0616615934        SUMATERA
                                       Darat 1, Kec Medan Timur, Medan -                                                    UTARA
                                       Sumatera Utara
274   KCP MAKASSAR PETTARANI           Jl. AP Pettarani, Kel Tamammaung,                0411435552      0411435590         SULAWESI
                                       Kec Panakukkang, Kota Makassar -                                                    SELATAN
                                       Prop Sulawesi Selatan
275   KCP PONOROGO                     Jl. Jend Sudirman, Kel Kepatihan,                0352485881      0352488185       JAWA TIMUR
                                       Kec Ponorogo, Kab Ponorogo
276   KCP PEMALANG                     Jl. Jend Sudirman , Kel Kebondalem,              0284323737      0284323322      JAWA TENGAH
                                       Kec Pemalang, Kab Pemalang,
                                       Prop Jawa Tengah
277   KCP TANGERANG ALAM SUTERA        Jl. SN-I No.57, Desa Pakulonan, Kec             02153122880      02153122879        BANTEN
                                       Serpong, Kab Tangerang - Prop Banten
278   KCP JKT RADIO DALAM              Jl. Raya Radio Dalam No.99 Kav F, RT/            0217261868      0217260820       DKI JAKARTA
                                       RW 003/001, Kel Gandaria Utara, Kec
                                       Kebayoran Baru, Kota Jakarta Selatan -
                                       Prop DKI Jakarta
279   KCP MAROS                        Jl. Jend Sudirman (Poros Makassar -              0411374610      0411374618         SULAWESI
                                       Maros) Buttatoa Utara, kel Pettuadae, Kec                                           SELATAN
                                       Turikale, kab Maros, Prop Sulawesi Selatan
280   KCP BDG AHMAD YANI               Jl. Jend A Yani No.650, Kel Cicaheum,            0227106630      0227106651       JAWA BARAT
                                       Kec Kiaracondong, Kota Bandung -
                                       Prop Jawa Barat
281   KCP MALANG BOROBUDUR             Jl. Borobudur No.11, Kel Mojolangu, Kec          0341487661      0341487669       JAWA TIMUR
                                       Blimbing, Kota Malang, Prop Jawa Timur
282   KCP JKT PASAR KOJA               Pasar Koja, Jl. Kramat Jaya No.22 Blok B        02143920018      02143920034      DKI JAKARTA
                                       Kav 1&2, Kel Tugu Utara, Kec Koja, Kota
                                       Jakarta Utara, Prop DKI Jakarta
283   KC AMBON                         Jl. Sultan Hairun, Sirimau, Uriteu,              0911349038      0911349064         MALUKU
                                       Kota Ambon - Prop Maluku
284   KCP MAKASSAR VETERAN             Jl. Veteran Selatan, Kel Bontolebang, Kec        0411871886      0411871893         SULAWESI
      SELATAN                          Makassar, Kota Makassar -                                                           SELATAN
                                       Prop Sulawesi Selatan

285   KCP MDN SETIABUDI                Jl. Setiabudi, Kel Tanjung Sari, Kec Medan       0618214202      0618214203        SUMATERA
                                       Selayang, Kota Medan -                                                               UTARA
                                       Prop Sumatera Utara



122                        PT BANK MEGA Tbk            2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
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                                                                                    PT BANK MEGA Tbk      2023 Annual Report




                                                                                      Phone
 No            Office Name                                 Address                                     Fax          Province
                                                                                     Number
 286   KCP JKT RAWASARI                 Jl. Rawasari Selatan No.1C & 1D, Kel         0214241934    0214241966      DKI JAKARTA
                                        Rawasari, Kec Cempaka Putih,
                                        Kota Jakarta Pusat , Prop DKI Jakarta
 287   KCP JKT PALMERAH                 Jl. Palmerah Barat No.32 D & 32 E, Desa     02153673340    02153673339     DKI JAKARTA
                                        Grogol Utara, Kec Kebayoran Lama,
                                        Kota Jakarta Selatan - Prop DKI Jakarta
 288   KCP BOGOR PASAR ANYAR            Jl.Dewi Sartika Blok B1-B2 Pabaton          02518328880    02518328870     JAWA BARAT
 289   KCP BKS TAMAN HARAPAN            Sentra Niaga Bulevar Hijau Blok SN I        02188866044    02188866045     JAWA BARAT
       INDAH                            No.27, Kel Pejuang, Kec Bekasi Barat,
                                        Kab Bekasi, Prop Jawa Barat
 290   KCP JKT TELUK GONG               "Jl. Kampung Gusti Blok N Kav.54-55, Kel     0216602498    0216602494      DKI JAKARTA
                                        Pejagalan, Kec Penjaringan, Kota Jakarta
                                        Utara, Prop DKI Jakarta
                                        "
 291   KCP BKS GRAND MALL               Grand Mall Bekasi Ruko B No.68, Jl. Jend    02188964406    02188964408     JAWA BARAT
                                        Sudirman, Kel Harapan Mulya, Kec Medan
                                        Satria, Kota Bekasi, Prop Jawa Barat
 292   KCP BOGOR WARUNG JAMBU           Jl. Pajajaran Ruko No. 10 & 11 Warung       02518390020    02518390520     JAWA BARAT
                                        Jambu, Kel Bantarjati, Kec Bogor Utara,
                                        Kota Bogor,Prop Jawa Barat
 293   KCP PURBALINGGA                  Jl. Jend Sudirman No.88, Desa                0281894488    0281894899     JAWA TENGAH
                                        Purbalingga Kidul, Kec Purbalingga, Kab
                                        Purbalingga - Prop Jawa Tengah
 294   KCP MANOKWARI                    Jl. Yos Sudarso, Kel Manokwari Barat, Kec    0986214250    0986214248      PAPUA BARAT
                                        Manokwari Barat, Kab Manokwari,
                                        Prop Papua Barat
 295   KCP SEMARANG GANG TENGAH         Jl.gang Tengah No.102                        0243568866    0243568867     JAWA TENGAH
 296   KCP PONTIANAK SIANTAN            Jl. Khatulistiwa No.168 E-F relokasi dari    0561887155    0561886321      KALIMANTAN
                                        KCP JAMBI GATOT SUBROTO                                                       BARAT
                                        Jl. Gatot Soebroto No 102-104
 297   KCP LUBUK LINGGAU                Jl.Yos Sudarso Kelurahan Taba Koji           0733320656    0733320478       SUMATERA
                                        Kec.Lubuk Linggau Timur I                                                    SELATAN
                                        Lubuk Linggau Timur
 298   KCP BANGKALAN                    Jl. KH Lemah Duwur 53 Kel.Pejagan            0313090558    0313061588      JAWA TIMUR
                                        Kec. Bangkalan
 299   KCP JAKARTA PURI KENCANA         Jl. Puri Kencana Blok K-7/2 M               02158302669    02158302695     DKI JAKARTA
 300   KCP JAKARTA KELAPA GADING        Jl. Bukit Gading Raya Blok A Kav. No.25     02145876711    02145876712     DKI JAKARTA
       BUKIT INDAH
 301   KCP JAKARTA SUNTER GARDEN        Komp.Perum.Sunter Garden Blok BVII          02129385070    02129385071     DKI JAKARTA
                                        kav.No.11A
 302   KCP YOGYAKARTA GEJAYAN           Jl. Gejayan CT.X/22                          0274581919    0274561967      YOGYAKARTA
 303   KCP LAMPUNG PRINGSEWU            Jl. Jend A.Yani No.99                        072924185      072924186       LAMPUNG
 304   KCP TANGERANG MERDEKA            Jl. Merdeka No.8                            02155734999    02155734949       BANTEN
 305   KCP TANGERANG CITY               Jl. Jend. Sudirman Ruko Tangcity Business   02129239230    02129239229       BANTEN
                                        Park Blok F Kav 25
 306   KCP JAKARTA RUKAN TOP            Jl. Kalimalang E-6/1-2                      02129361841    02129361833     DKI JAKARTA
       KALIMALANG
 307   KCP JAKARTA CIPULIR              Jl. Ciledug Raya No.123 D                    0217226221    0217226231      DKI JAKARTA
 308   KCP SURABAYA KENJERAN            Jl. Kenjeran 83i                             0313719665    0313719658      JAWA TIMUR
 309   KCP BALIKPAPAN MT. HARYONO       Jl. MT. Haryono Komp. Balikpapan Baru        0542877735    0542876150      KALIMANTAN
                                        Blok B1 No.1                                                                  TIMUR
 310   KCP JAKARTA BUNGUR               Jl. Bungur Besar No.32C                     02142878750    02142878760     DKI JAKARTA
 311   KCP TANGERANG MUTIARA            Ruko Mutiara Karawaci Blok C No.21          02155653342    02155653343       BANTEN
       KARAWACI
 312   KCP SAMARINDA AHMAD YANI         Jl. Ahmad Yani No.23                        05417776000    05417776001     KALIMANTAN
                                                                                                                      TIMUR
 313   KCP SOLO PALUR                   Jl. Raya Palur No.329                        0271821544    0271821543     JAWA TENGAH
 314   KCP GOWA                         Jl. Usman Salengke No. 3                    04118220388    04118220387      SULAWESI
                                                                                                                    SELATAN
 315   KCP PAMANUKAN                    Jl. Ion Martasasmita No.14B                  0260553900    0260553922      JAWA BARAT



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                                                                                      Phone
No           Office Name                              Address                                            Fax           Province
                                                                                     Number
316   KCP SUKABUMI TIPAR GEDE          Jl. Tipar Gede No.19                         02666252400      02666252449      JAWA BARAT
317   KCP DENPASAR THAMRIN             Jl. Thamrin No.45                             0361426325      0361423025           BALI
318   KCP METRO LAMPUNG                Jl. Jend. Sudirman No.88                      072544202        072543154         LAMPUNG
319   KCP PASURUAN                     Jl. Soekarno Hatta No. 123                    0343415559      0343417449        JAWA TIMUR
320   KCP BANDUNG CIHAMPELAS           Jl. Cihampelas No.119B                        0222060999      0222060998       JAWA BARAT
321   KCP BANDUNG CARINGIN             Pasar Caringin Kav.AII No.12                  0225413644      0225413775       JAWA BARAT
                                       Jl. Soekarno Hatta
322   KCP JAKARTA KUNINGAN CARD        Jl. Kompleks Rumah Sakit Mata Aini           02129410724      02129410722      DKI JAKARTA
      CENTER                           Kav.No.5 & 6
323   KCP BANDUNG UJUNG BERUNG         Jl. AH. Nasution No.202                      02288884212      02288884211      JAWA BARAT
324   KCP JAKARTA PANGLIMA POLIM       Ruko Grand Panglima Polim Kav.36             02129501062      02129501051      DKI JAKARTA
                                       Jl. Panglima Polim Raya
325   KCP SUBANG                       Jl. Oto Iskandardinata No.42                  0260417557      0260471507       JAWA BARAT
326   KCP JAKARTA ASEMKA               Jl. Pintu Kecil No.58A & 58B                  0216900922      0216900923       DKI JAKARTA
327   KCP KUTA KALIANGET               Jl. Kuta Kalianget No.7 Relokasi dari KCP    03614727403      03614727409          BALI
                                       JAKARTA GUNUNG SAHARI Ged. Konica
                                       Jl. Gunung Sahari No.78
328   KC JAYAPURA                      Jl. Ruko Pasifik Permai Blok B No.10 Dok      0967522000      0967522004          PAPUA
                                       II Bawah
329   KCP BANJARMASIN LAMBUNG          Jl. Lambung Mangkurat No.45, 46 & 48         05113366460      05113366462      KALIMANTAN
      MANGKURAT                                                                                                         SELATAN
330   KCP JAKARTA TRANSMART            Transmart Cempaka Putih Unit GF 13A-         02142871426      02142871430      DKI JAKARTA
      CEMPAKA PUTIH                    B Jl. Jend. Ahmad Yani No.83 relokasi
                                       dari KK JAKARTA 2 MBM Lt. 5, Jl.Kapt.
                                       Tendean Kav.12-14A
331   KCP JAKARTA TRANSMART            Transmart Cilandak, Unit G-06                02178840116      02178836452      DKI JAKARTA
      CILANDAK                         Jl. Raya Cilandak KKO
332   KCP BALIKPAPAN TRANSMART         Transmart Daun Village Unit GF-05            05428513177      05428512509      KALIMANTAN
      DAUN VILLAGE                     Komplek Daun Village Jl. MT. Haryono                                              TIMUR
333   KCP YOGYAKARTA TRANSMART         Transmart Maguwo Yogyakarta                  02742800006      02742800986      YOGYAKARTA
      MAGUWO                           Jl. Raya Solo KM 8 No. 234
334   KCP TEGAL TRANSMART              Transmart Tegal Jl. Kolonel Soegiono        0283 - 4533707   0283 - 4533708    JAWA TENGAH
335   KCP BANDUNG TRANSMART            Transmart Buah Batu Bandung                  02286012942      02286012943      JAWA BARAT
      BUAH BATU                        Jl. Bojongsoang No.321
336   KCP PEKANBARU TRANSMART          Transmart Pekanbaru                          07618522789      07618406330          RIAU
      SOEKARNO HATTA                   Jl. Soekarno Hatta
337   KCP PADANG TRANSMART             Transmart Padang                             07518971152      07518971162     SUMATERA BARAT
                                       Jl. Khatib Sulaiman No.72
338   KCP SEMARANG TRANSMART           Transmart Setiabudi Semarang                 02476404011      02476404012      JAWA TENGAH
      SETIABUDI                        Jl. Setiabudi No.117
339   KCP DEPOK TRANSMART DEWI         Transmart Dewi Sartika Depok                 021 75231958     021 75231957     JAWA BARAT
      SARTIKA                          Jl. Dewi Sartika
340   KCP MATARAM TRANSMART            Transmart Mataram                            03707561888      03707561616     NUSA TENGGARA
                                       Jl. Selaparang Lingkungan Sweta Timur                                             BARAT
341   KCP PALEMBANG TRANSMART          Transmart Palembang                          07115734599      07115734590       SUMATERA
                                       Jl. Radial                                                                       SELATAN
342   KCP MANADO TRANSMART             Transmart Manado Kawanua                     0431 7286566     0431 7286366    SULAWESI UTARA
      KAWANUA                          Jl. AA. Maramis
343   KCP SOLO TRANSMART               Transmart Solo Pabelan                       0271 7464101     0271 7464060     JAWA TENGAH
      PABELAN                          Jl. A. Yani No.234 Dukuh Banaran
344   KCP CIREBON TRANSMART            Transmart Cirebon                            0231 8805005     0231 8806090     JAWA BARAT
                                       Jl. Cipto Mangun Kusumo No.234
345   KCP GRAHA BINTARO                Transmart Bintaro Graha Raya Jl.             02122927801      02122929405        BANTEN
      TRANSMART                        Perumahan Graha Raya Bintaro Blok CP
                                       03A
346   KCP LAMPUNG TRANSMART            Transmart Lampung Jl. Sultan Agung           07215612500      07215611333        LAMPUNG
347   KCP SIDOARJO TRANSMART           Transmart Sidoarjo Jl. Mayjen Sungkono       03199709988      03199709989       JAWA TIMUR




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                                                                                          Phone
 No            Office Name                              Address                                             Fax             Province
                                                                                         Number
 348   KCP PONTIANAK TRANSMART          Transmart Pontianak                            05616712800      05616712399        KALIMANTAN
                                        Jl. Ahmad Yani                                                                        BARAT
 349   KCP KUPANG TRANSMART             Transmart Kupang                               03808443800      03808443801      NUSA TENGGARA
                                        Jl. W.J. Lalamentik                                                                  TIMUR
 350   KF COLLECTION & RECOVERY         Jl. Komodor Laut Yos Sudarso                   08119635078            -             SUMATERA
       MEDAN                            No.111 B dan No.111 C                                                                 UTARA
 351   KF COLLECTION & RECOVERY         Komplek pertokoan Semut Mega Plasa              0315688566            -            JAWA TIMUR
       SURABAYA                         Jalan Stasiun Kota 24-C / 8-9
 352   KCP BOGOR TRANSMART              Transmart Bogor Yasmin                         02517595125      02517595105        JAWA BARAT
       YASMIN                           Jl. KH. Abdullah bin Nuh Tanah Sareal
 353   KCP SURABAYA TRANSMART           Transmart Ngegel, Jl. Ngagel 137 - 141,         0315040898       0315041942        JAWA TIMUR
       NGAGEL                           Ngagel, Wonokromo
 354   KCP JEMBER TRANSMART             Transmart Jember, Jl. Hayam Wuruk No.          0331 - 5105066   0331 - 5105070     JAWA TIMUR
                                        71, Kel. Sempursari Kec. Kaliwates,
                                        Kab. Jember
 355   KCP MALANG TRANSMART MX          Transmart MX Mall Malang, Jl. Veteran,         03415026123      03415026127        JAWA TIMUR
       MALL                             Kel. Penanggungan, Kec. Klojen, Kota
                                        Malang, Provinsi Jawa Timur
 356   KCP BEKASI TRANSMART             Transmart Juanda Bekasi, Jl. Ir. H. Juanda     02182696000      02182699061        JAWA BARAT
       JUANDA                           No.180, Kel. Margahayu. Kec. Bekasi
                                        Timur
 357   KCP CIBUBUR TRANS STUDIO         Trans Studio Mall Cibubur Lt.GF, Unit No.      02139715507      02139715508        JAWA BARAT
       MALL                             05, Jl. Alternatif Cibubur, Kel. Harjamukti,
                                        Kec. Cimanggis, Kota Depok,
                                        Propinsi Jawa Barat
 358   KCP DENPASAR TRANS STUDIO        Trans Studio Mall Bali Denpasar Lt. GF,        0361-6207072     0361-6207076           BALI
       MALL                             Unit No. G 21 A, Jl. Imam Bonjol No. 440,
                                        Kel. Pemecutan Kelod,
                                        Kec. Denpasar Barat, Bali
 359   KCP TASIKMALAYA TRANSMART        Tasikmalaya Transmart Lt. GF Unit No. GF       02655307088      02655307089        JAWA BARAT
                                        02, Jl. Ir. H. Juanda Rt 03 / RW 04, Kel.
                                        Sukamulya, Kec. Bungursari,
                                        Kota Tasikmalaya
 360   KCP PEKALONGAN TRANSMART         Transmart Pekalongan, Jl. Urip Sumoharjo        0285433933       0285433939       JAWA TENGAH
                                        No. 20, Podosugih, Pekalongan Barat,
                                        Kota Pekalongan
 361   KCP SEMARANG TRANSMART           Transmart Majapahit Lt. GF, Jl. Brigjen.       02486005277      024860052778      JAWA TENGAH
       MAJAPAHIT                        Sudiarto No. 761 (d/h. Jl. Majapahit),
                                        Kel. Plamongan Sari, Kec. Pedurungan
 362   KCP PANGKAL PINANG               Transmart Pangkal Pinang Lt. GF, Jl.           07179114411      07179113323         BANGKA
       TRANSMART                        Jendral Sudirman No.8, Taman Bunga,                                                 BELITUNG
                                        Kec. Taman Sari, Kota Pangkal Pinang,
                                        Kepulauan Bangka Belitung
 363   KCP BINTARO TRANS PARK           Trans Park Bintaro Lantai GF, Jl. Prof. DR.    02139700488      02139700490          BANTEN
                                        Satrio No.5, Pondok Jaya, Kec. Pondok
                                        Aren, Kota Tangerang Selatan,
                                        Banten 15220
 364   KCP TANGERANG CIMONE             Plaza Merdeka Mas C1-2, Cimone,                02155768875            -              BANTEN
                                        Tangerang
 365   KCP JKT TANAH ABANG BLOK B       Pasar Tanah Abang Blok B Lt. 5 Unit            021-23574337           -            DKI JAKARTA
                                        kantor No. 1, Jakarta Pusat
 366   KCP JAKARTA MOCH. MANSYUR        Jl. Moch. Mansyur No. 120 D,                    021-6323339           -            DKI JAKARTA
                                        Jembatan Lima, Jakarta Barat
 367   KCP JKT KELAPA GADING            Ruko Inkopal Blok C No. 30                      021-4528746           -            DKI JAKARTA
       INKOPAL                          Kelapa Gading Jakarta Utara
 368   KCP JAKARTA PLUIT KARANG         Jl. Pluit Karang Raya No. 26, Blok CC 5         021-6604108           -            DKI JAKARTA
                                        Selatan Kav. 44, Jakarta Utara
 369   KC SURABAYA TRANS ICON           Menara Bank Mega Surabaya. Lt. Dasar            0313300958            -            JAWA TIMUR
                                        Trans Icon Jl. Frontage Ahmad Yani
                                        No. 260, Gayungan, Surabaya
 370   KF COLLECTION & RECOVERY         Grand Panglima Polim, Kav. 19, Jl.                   -                -            DKI JAKARTA
       JAKARTA                          Panglima Polim, RT02/RW01, Pulo,
                                        Kec. Kby Baru, Jakarta Selatan




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         Management Discussion and Analysis




             04
                   Management
                   Analysis and
                   Discussion



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                               Management Discussion and Analysis




Economic Review




Global optimism about the recovery of the world economy             situation is exacerbated by the tensions between Israel
after the pandemic in early 2023 is very high. However,             and Palestine, increasing global geopolitical tensions. This
the situation is changing when the world economy is                 has led to a slowdown in the global economic recovery,
experiencing rapid changes with high uncertainty due to             exacerbated by rising inflationary pressures due to global
the dynamics occurring in the economies of developed                energy and food prices, as well as tight labor markets in
countries that have an impact on the world economy. The             a number of developed countries.
United States, as the world’s economic powerhouse, is
experiencing high inflationary pressures that are feared to
have an impact on the country’s economy. Another factor             Another external factor influencing the slowing of the
is the ongoing trade tensions between the United States             global economic recovery is the extreme cold weather
(US) and China and the decline in exports and imports               in the European region in early 2023. Energy and food
between the two countries, which has an impact on the               supplies are very limited as a result of the Russian and
volume of global trade.                                             Ukrainian wars, slowing economic recovery in the region.
                                                                    Parts of the world, especially the Asian continent, are
Rising geopolitical and economic tensions following                 facing drought due to El Nino, which requires authorities/
the war between Russia and Ukraine have led to supply               governments to ensure food supply and security as a step
constraints and rising global energy and food prices. This          to reduce the inflation rate.




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In response to these conditions, the IMF has revised its           Bank Indonesia has also adopted a policy of raising interest
forecast for economic growth in 2023 to only 3%, while             rates as a preemptive and forward-looking step to reduce
the OECD expects the global economy to grow by 2.9%.               inflation expectations, which are currently still high, and to
Inflation is also expected to reach 5.8%, higher than in           strengthen the rupiah exchange rate stabilization policy.
the pre-pandemic period.                                           This step was taken to be in line with the fundamental
                                                                   value of the rupiah resulting from the strong US dollar
The Indonesian economy is expected to continue to grow             currency and high uncertainty in global financial markets,
well amid slowing global economic growth. Inflation has            while domestic economic demand remains strong. Bank
returned to the target range at a faster pace and remains          Indonesia also continues to strengthen its policy mix
under control. Indonesia’s economic growth is projected            response to maintain stability and momentum for economic
to be in the range of 4.9% to 5% by various financial              recovery through monetary operations and strengthening
institutions such as the IMF, OECD and Bank Indonesia.             the stabilization of the rupiah exchange rate by remaining
                                                                   in the market as part of efforts to control inflation.




Banking Industry Overview
In line with Indonesia’s economic growth, which grew by            The credit growth in 2023 was supported by a favorable
5.05% yoy in 2023, compared to 5.31% yoy in the previous           capital adequacy position with a Capital Adequacy Ratio
year, the banking industry also recorded lower loan growth         (CAR) of 27.86% as of November. This is higher than last
to third parties, amounting to 9.74% yoy as of November            year’s CAR ratio of 25.50%. The higher CAR ratio was
2023. The growth of loans provided by this commercial              supported by an increase in Tier 1 capital, which up by
bank is lower in comparison to the same period in 2022,            9.11% yoy to reach Rp1,659.70 trillion as of November
amounting to 11.26% yoy.                                           2023. The stronger Tier 1 capital had a positive impact on
                                                                   the ratio of Tier 1 capital to RWA, which surged to 26.30%
Development of credit, assets and DPK                              from 23.90% in the previous year.
of Commercial Banks
                                                                   In addition, credit growth was also supported by adequate
16%                                                       12,000
                                                                   bank liquidity: the Loan to Deposit Ratio (LDR) was 84.87%
14%                                                                as of November 2023, up from 79.73%. The availability
                                                          10,000
12%
                                                                   of adequate liquidity is backed by the BI’s policy through
                                                                   the issuance of Bank Indonesia Rupiah Securities (SRBI).
 8%                                                       8,000
                                                                   According to BI, the issuance of SRBI also raises the
 6%                                                                flexibility of banks in the management of liquidity so that
                                                          6,000    it helps to maintain the lending capacity of banks.
 4%


 2%                                                       4,000    Another support from the BI is the implementation of the
                                                                   KLM Liquidity Incentive Policy to encourage the allocation
 0%
                                                          2,000    of bank credit and financing to priority sectors in support of
 -2%                                                               sustainable economic growth. This macroprudential liquidity
 -4%                                                      -
                                                                   incentive policy is aimed at banks that channel financing
                                                                   to sectors that have a high leverage effect on economic
            2019       2020   2021    2022       2023              recovery, namely the mineral and non-mineral downstream
                                                                   sectors, housing, tourism, social inclusion, and the green
   Kredit             Aset     DPK           Pertumbuhan Kredit
                                                                   financial economy. Moreover, BI implements foreign currency
Source: OJK, diolah                                                liquidity innovation through the development of foreign
                                                                   currency placement instruments in the Indonesian financial




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                                   Management Discussion and Analysis




system in order to raise the availability of sustainable foreign         Cumulative, credit provided to third parties used for
currency liquidity for national economic development and                 productive purposes contributed 72.54% with a growth
maintain macroeconomic and financial system stability.                   of 9.93% yoy to Rp4,959.77 trillion as of November 2023.
                                                                         Of the total credit provided, the working capital credit
As a result of a lower growth of loans to third parties of 9.74%         has a larger share of 45.49%, while the investment loan
yoy as of November 2023, the total assets of the banking                 contributed with 27.05%. Meanwhile, consumer loan with
sector were able to grow by 5.09% yoy. This performance                  a contribution of 27.46% was able to grow by 9.26% yoy
was lower than the 9.70% yoy in the same period of the                   to reach Rp1,912.57 trillion amid inflationary challenges
previous year with a higher loan growth of 11.26% yoy.                   in 2023.
This asset growth was offset by better productive asset
quality with the gross NPLs ratio improving to 2.36 % as                 The growth in credit in 2023 was followed by an higher
of November 2023 from 2.65 % a year ago.                                 commercial bank profitability. The net interest income
                                                                         increased by 9.54% yoy to Rp499.81 trillion as of November
Working Capital, Investment, and Consumption Credit                      2023. This increase was supported by 6.28% yoy average
                                                                         total productive assets growth to Rp10,131.86 trillion.
100%                                                             8,000
                                                                         Thus, the national banking industry managed to record a
90%                                                                      NIM ratio of 4.93% as of November 2023, up from 4.79%
                                                                 7,000
                                                                         a year earlier.
80%
                                                                 6,000
70%
                                                                         The achievement of this NIM ratio has been further
60%
                                                                 5,000   strengthened by the operational efficiency that has been
                                                                         successfully achieved by the national banking industry.
50%                                                             4,000
                                                                         The ratio of operating expenses to operating income
40%
                                                                3,000    improved to 76.79% as of November 2023. This compares
30%                                                                      to 77.54% in the previous year. Digital banking services
                                                                2,000    also contributed to the efficiency of the bank’s operating
20%
                                                                         costs. The number of branches decreased to 3,426 units
                                                                1,000
10%                                                                      as of September from 3,450 units a year earlier.
 0%                                                             -
                                                                         Ultimately, the bottom line of the banking industry is
        2018     2019     2020     2021      2022    9M23
                                                                         positively impacted by the performance improvements
   Modal Kerja      Investasi     Konsumsi          Total Kredit (RHS)   described above. Pre-tax profit for the year grew by 18.47%
Source: OJK, processed                                                   yoy to Rp290.48 trillion as of November 2023. In line
                                                                         with this performance, the ROA of the national banking
                                                                         industry rose to 2.72% as of November 2023, higher than
                                                                         the 2.49% of the previous year.




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The Bank’s Position in the Industry
Based on POJK No. 12/POJK.03/2021 dated July 30, 2021 regarding commercial banks, OJK determines the classification
of banks into banking groups according to core capital (KBMI). Bank Mega with a core capital of IDR 17.26 trillion is
classified in KBMI 3 category as it meets the requirements of having a core capital of more than IDR 14.00 trillion to
IDR 70.00 trillion.

The Bank’s position in the national banking industry in terms of loan disbursement, total assets and third party funds
(DPK) is as follows:


                                                           Description                                                                 2023                     2022                       2021

 Asset                                               Industry                                                                           11,427.96                 11,113.32                    10,112.30

                                                     MEGA                                                                                     132.05                    141.75                    132.88

                                                     MEGA’s market share                                                                       1.15%                    1.28%                      1.31%

 Credit                                              Industry                                                                                6,837.30                 6,423.56                    768.59

                                                     MEGA                                                                                      66.29                     70.29                      60.68

                                                     MEGA’s market share                                                                       0.96%                    1.09%                      7.89%

 DPK                                                 Industry                                                                                8,216.21                 8,153.59                   7,479.46

                                                     MEGA                                                                                      89.44                    102.95                      98.91

                                                     MEGA’s market share                                                                       1.09%                    1.26%                      1.32%


Note: Industry data is as of November 2023, while Bank Mega data is as of December 2023.



Bank Mega’s position in the industry in terms of achieving Profit and Assets in 2023 in the banking industry is as follows:

           ASSET & PROFIT 2023


Asset                                                                                                                                                                                          (Rp Trilion)

 2000.0    1,835
 1800.0            1,689                                                                                             BANK
 2000.0    1,835
 1600.0
 1800.0            1,689 1,371                                                                                       MEGA
                                                                                                                     BANK
 1400.0
 1600.0
                           1,371 1,049
                                                                                                                     MEGA

                                                                                                                   17
 1200.0
 1400.0
 1000.0
                                 1,049

                                                                                                                   17
 1200.0
  800.0
 1000.0
  600.0                                  439
  800.0                                        354   328
  400.0
  600.0
  200.0
                                         439
                                               354   328
                                                            250    245   203   188   177   176   160   159   139   132 125 113 104 88               85    83    82      79    57     55    46     21     12
  400.0
     -
  200.0
                                                            250    245   203   188   177   176   160   159   139   132 125 113 104 88               85    83    82      79    57     55    46
            1       2       3     4       5     6      7     8      9    10    11    12    13    14    15    16    Mega   18     19    20      21   22    23    24      25    26     27    28     21
                                                                                                                                                                                                  29     12
                                                                                                                                                                                                         30
     -
            1       2       3     4       5     6      7     8      9    10    11    12    13    14    15    16    Mega   18     19    20      21   22    23    24      25    26     27    28     29     30
PAT                                                                                                                                                                                            (Rp Trilion)
 60.00
           53.2 51.1
 60.00
 50.00     53.2 51.1
                     48.0                                    BANK
 50.00
                     48.0                                    MEGA
                                                             BANK
 40.00
                                                             MEGA
 40.00

                                                             8
 30.00
                                 20.8

                                                             8
 30.00
 20.00
                                 20.8
 20.00
 10.00                                   6.2   5.7   4.1    3.5    3.5   3.5   2.4   2.4   2.1   2.1   2.0   1.8    1.6   1.6    1.5   1.4    1.2   1.0   0.7   0.7     0.4   0.4    0.2   0.1    0.0
 10.00
    -
                                         6.2   5.7    4.1   3.5 3.5      3.5   2.4   2.4   2.1   2.1   2.0   1.8    1.6   1.6    1.5   1.4    1.2   1.0   0.7   0.7
            1       2       3     4      5     6      7     Mega   9     10    11    12    13    14    15    16     17    18     19    20     21    22    23    24      0.4
                                                                                                                                                                        25    0.4
                                                                                                                                                                              26     0.2
                                                                                                                                                                                     27    0.1
                                                                                                                                                                                           28     0.0
                                                                                                                                                                                                  29     30
      -                                                                                                                                                                                                  -4.8
 (10.00)
            1    2      3    4     5   6    7  Mega                9     10    11    12    13    14    15    16     17    18     19    20      21   22    23    24      25    26     27    28     29     30
           Source  : Individual Bank Data Dec 2023)                                                                                                                    : Dec 23     : Nov 23
 (10.00)                                                                                                                                                                                                 -4.8
           Source : Individual Bank Data Dec 2023)                                                                                                                     : Dec 23     : Nov 23




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                                         Management Discussion and Analysis




Business Segment and
Geographic Review
       Operational Review by Business Segment

Electronic Chanel                                                             •   Addition of Biller Data Packages, Multi Finance
Bank Mega has carried out a number of innovations in                              Payments, Insurance and Tickets.
order to improve the banking transactions through the
electronic channels. This innovation takes the form of the                    In addition, the bank has also made innovations in the
following new features:                                                       form of the addition of billers for multi-finance payments,
• Cross-border QRIS transactions in Malaysia and                              insurance and tickets.
     Singapore Loan On Card application service (cash
     disbursement with available credit card limit)                           The following table explains the achievements of the
• M-Smile facial recognition registration                                     electronic channel in 2023:
• Digital credit card display



                                                                                         Mobile Banking            Internet Banking

 Number of Users                                                                                       784,118                      23,101

 Number of Frequencies (million)                                                                          55.2                          2.5

 Total Transaction Value (Rp Trillion)                                                                    36.3                        47.9




                                                                         Uang Elektronik           Debit Card                ATM

 Number of Users/cards                                                                 4.8 juta             228,918                238 ribu

 Number of Frequencies                                                                   4,351              928,797                7.2 juta

 Total Transaction Value                                                            Rp683 juta       Rp411.03 milyar           Rp2.4 triliun


Asset Management
Bank Mega offers government bonds through primary                             funds in 2023. These investment managers are Schroder
and secondary market mechanisms. Throughout the year                          Investment Management Indonesia, Ashmore Asset
2023, there were 14 additional series of government                           Management Indonesia, Manulife Asset Management
bonds offered on the primary market, namely SBR012T2,                         Indonesia and Mega Asset Management.
SBR012T4, SR018T3, SR018T5, ST010T2, ST010T4,
ORI023T3, ORI023T6, SR019T3, SR019T5, ORI024T3,                               In addition, Bank Mega launched the Mega Proteksi
ORI024T6, SR011T2 and ST011T4. Meanwhile, for the                             Optima Link product in April 2023 to meet customer needs.
secondary market, 50 government bond series are offered                       This product provides optimal life insurance protection and
daily: FR, SR, ORI, Indon and Indois.                                         investment opportunities. Customers have the flexibility
                                                                              to allocate investment funds according to risk in order to
Bank Mega is also collaborating with several investment                       achieve maximum results.
managers in the development and marketing of mutual




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                                                                                  PT BANK MEGA Tbk          2023 Annual Report




Wealth Management’s performance achievements in terms of assets under management in 2023 are as follows:

                                                      Asset Under Management (AUM) – (Rp)
                                                                                                                       Changes
                                                          2022                                2023

 Bond                                                 7,437,866,590,250                9,512,521,391,800                  27.89%

 Mutual Fund                                          2,054,165,564,165                1,695,314,110,102                 (17.47%)


Funding
In 2023, Indonesia’s economy will remain strong in an                 There was a decrease in deposits of -13% compared
uncertain global economic environment. Bank Mega                      to 2022. This was due to withdrawals by several large
focuses on growing low-cost funds through various                     customers. Therefore, Bank Mega is now focusing on
strategies to meet this challenge. The key measures are               increasing the DPK coming from its retail segment.
to develop digital-based banking services, increase the
number of new customers, especially in the retail and                 Retail Funding
corporate sectors, and consistently improve the customer              The main objective of Bank Mega’s Retail Funding Sector is
experience through comprehensive integration.                         to provide financial services to all of Bank Mega’s customers
                                                                      by offering various transactional products and services that
One of the main initiatives is the development of digital             meet the different needs of individual Mass Market and
services, especially mobile banking (M-Smile), which                  MegaFirst customers. MegaFirst customers are intended for
aims to make it easier for customers to conduct financial             the priority segment of individual customers with balances
transactions. This improvement includes adaptation to the             above IDR 500 million, where customers receive first class
latest payment systems such as QRIS (Standard Indonesian              personalized service, first class financial solution, first class
QR) and SNAP (National Open API Payment Standard),                    lifestyle privileges to meet the customer’s financial needs.
which are in line with government programs.
                                                                      Bank Mega offers various savings products for Bank Mega
To increase third party funds (DPK), Bank Mega                        customers to select, namely Mega Dana, Mega Maxi, Mega
implemented a strategy focused on increasing low-cost                 Sharing, Mega Plan, Mega Perdana, Mega Ultima, Mega
funds. This is being done through customer acquisition                Valas, and TabunganKu. Specifically for the Mega Dana
in the retail (Mass Market) and priority (MegaFirst)                  and Mega Maxi products, customers will receive benefits
segments. In addition, Bank Mega continues to develop                 in the form of MPC loyalty points that are integrated with
customer loyalty programs to support the growth of funds              the CT Corpora Ecosystem.
under management.
                                                                      The Mega Sharing product is a savings product. In this
By 2023, the DPK of Bank Mega reached 89.44 billion.                  product, Bank Mega works in synergy with its customers
This is related to more efficient management of DPK,                  to distribute funds for social activities. The form of the
especially in terms of balancing credit growth, strategies            social activity is in the form of social donations that
to maintain the cost of funds amidst competition in deposit           are intended for educational activities, public health,
interest rates, as well as in the face of a decline in funds          community empowerment, and natural disasters in
from several large customers. Bank Mega is committed                  Indonesia. Customers are invited to set aside a minimum
to maintaining a balance between the growth of loans                  of 1% of the interest earned and an additional 1% from
and the TPF, as well as to ensuring the efficiency of the             Bank Mega.
cost of funds.




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                                 Management Discussion and Analysis




Retail Funding Strategy                                               Electronic Channel (e-Channel)
The 2023 third-party fund collection strategy will focus              The development of the global world economy and the
on growing individual and corporate sector funds, as                  competition for digital services in the financial business
well as increasing fee-based income by continuing to                  industry requires the banking industry to continue to
develop digital-based banking services, attracting new                innovate and follow the development of digital financial
customers, especially in the retail and corporate segments,           services in line with the growing needs of customers for
by improving the overall integrated customer experience.              banking transactions. Bank Mega plays an active role and
To achieve this, here are several work plans for 2023,                contributes to the development of payment system services
namely:                                                               and electronic banking services, especially in Indonesia.
1. Develop a virtual debit card for faster on-boarding
    and improved transaction services by completing the               Bank Mega plays an active role in the development of
    M-Smile feature in terms of products (Forex products,             payment systems and electronic banking services, namely
    Term Savings, Deposits, etc.), payments, recharges,               by following the development of government programs
    transfers, etc.                                                   in payment systems such as QRIS (Standard Indonesian
2. Acquisition via digital channels through a faster on-              QR) and SNAP (National Open API Payment Standard),
    boarding process with attractive promotions supported             where the feature development is mainly focused on the
    by virtual cards.                                                 development of mobile banking services. M-Smile.
3. Target the millennial and young family segments
    by introducing products and services that meet                    With the development of NFC (Near Field Communication)
    their needs.                                                      technology, Bank Mega has also developed a payment
4. Enhance debit card benefits at strategic CT Corpora                system for M-Smile using a contactless credit card. Based on
    and non-CT Corpora merchants.                                     the digital display of credit cards, which enables customers
5. Offer attractive savings programs for the affluent consumer.       to conduct e-commerce transactions without waiting for
6. Continue to improve the quality and productivity of                the physical card to be received by the customer, it is
    marketing personnel, especially in the Mega First and             hoped that this feature will enable Bank Mega to expand
    Corporate segments, and develop Internet banking                  customer acquisition and also make it easier for customers
    for corporate cash management.                                    to access banking services simply by using a smartphone.




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                                                                            PT BANK MEGA Tbk        2023 Annual Report




Mobile Banking                                                   Internet Banking
In line with the evolving needs of customers to conduct          In the rapidly developing era of digitalization of Internet
banking transactions that are effective, fast, secure and easy   services, Bank Mega continues to improve Mega Internet
to access anywhere and anytime, Bank Mega will continue          Banking services by adding various purchase and payment
to develop M-Smile services throughout 2023 in the form          functions to meet the needs of its clients.
of additional services such as overseas transactions or QRIS
Cross-Border in Malaysia and Singapore, developing the           Bank Mega’s Internet banking services consist of Individual
Loan On Card feature, namely applying for cash funds             Mega Internet, which is designed for individual clients,
using the available credit card limit, displaying a digital      and Business Mega Internet, which is designed for
credit card so that customers can conduct e-commerce             corporate clients. The Individual Mega Internet service
transactions without waiting for a physical card, adding         enables individual customers to conduct banking
purchasing and payment features such as data package             transactions anytime and anywhere through a website,
credit, multifinance payments, insurance and airline tickets.    while the Business Mega Internet service enables corporate
                                                                 customers to conduct banking transactions and manage
Bank Mega’s M-Smile electronic banking service is also           their business activities.
equipped with a face verification process (Face Check
Detection) to ensure customer security in accessing              The number of transactions recorded via Bank Mega’s
accounts and/or credit cards and making transactions             Internet Banking in 2023 reached 2.5 million transactions
safely and conveniently.                                         with a transaction value of Rp47.9 trillion. Meanwhile, the
                                                                 number of Bank Mega Internet Banking users stood at
The growth in the value of M-Smile mobile banking                23,101 users in 2023.
transactions in 2023 compared to 2022 will increase by
73%, showing further potential for better customer growth        ATM
and also an increase in the level of customer confidence in      Developments made in ATM services in 2023 include
conducting transactions with M-Smile. M-Smile transactions       adding multi-finance payment functions, insurance
in 2023 have reached 55.2 million transactions with a            payments and also air ticket payments.
nominal transaction value of IDR. 36.3 trillion. Currently,
M-Smile has recorded 784,118 users, this number has              In 2023, the number of transactions made using ATMs
increased compared to 2022 of 581,311 users.                     reached 7.2 million transactions valued at IDR 2.4 trillion.




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                                Management Discussion and Analysis




Bank Mega ATM is continuously developing and adding                  Bank Mega actively provides information on wealth
features such as additional payment functions for utilities,         management services to customers through events in
recharging, loans, e-commerce, cable TV & internet and               cooperation with the Ministry of Finance and investment
various other types of payments to meet the banking needs            manager partners.
of Bank Mega customers. Bank Mega ATMs are also in
the process of developing an acquiring service network               In 2023, Bank Mega was appointed by the Ministry of
to be able to accept transactions from other bank cards              Finance as a distribution partner for the offering of seven
from outside of Indonesia.                                           series of government bonds in the primary market, namely
                                                                     series SBR012, SR018, ST010, ORI023, SR019, ORI024 and
Debit Cards                                                          ST011. There are other new investors who have started
ATM/Debit Card is a facility provided by Bank Mega to                investing together with Bank Mega. In addition, Bank
its savings product customers. The Bank Mega Debit                   Mega actively markets government bond series in the
Card can be used at physical merchants as well as online             secondary market on a daily basis.
merchants. Customers who use the Bank Mega Debit Card
get lifetime discount benefits on the CT Corp network and            In order to complete the product as part of the satisfaction
get discounts at other merchants such as e-commerce                  of customer needs, Bank Mega collaborates with investment
that cooperate with Bank Mega. The total transaction                 managers as professional management institutions to
volume on debit cards reached Rp 411.03 billion with                 provide asset diversification options for customers through
the number of transactions reaching 928.8 thousand                   mutual fund products.
transactions in 2023.
                                                                     In addition to the development of investments, protection
Electronic Money                                                     is also a step towards the protection of customers from
Non-cash payment facilities have evolved into various                various financial risks. Bank Mega is aware of this need and
payment instruments, one of which is electronic money.               offers a wide range of insurance products that customers
Electronic money is a form of money without physical                 can choose in accordance with their needs, in collaboration
money (cashless money), which is stored in the form of               with insurance partners, through both life and accident
digital or electronic data. Types of electronic money based          insurance products.
on storage media include server-based electronic money
and card/chip-based electronic money. The advantages of              Wealth Management Assets Under Management (AUM)
electronic money compared to other non-cash payment                  is Rp13.8 trillion by end 2023.
instruments are easy registration and practical and safe use.
                                                                     2024 Retail Fund Collection Strategy
As a part of the instruments of the payment system, the              All of the programs and initiatives that have been successful
use of electronic money in economic activities continues to          in promoting the growth of the DPK will continue to be
grow. In 2023, the number of users of Bank Mega electronic           implemented in 2024. The programs and initiatives that
money, both chip-based and server-based, reached 4.8                 will be implemented are
million users. Meanwhile, electronic money transactions              1. Acquiring the affluent segment by creating community
have reached 683 million rupiah, dominated by QRIS                        events and the mass segment, especially the
transactions. Through the QRIS function of server-based                   millennial segment, by introducing products that meet
e-money, cashless payments can be easily and efficiently                  their needs.
made by e-money users via mobile phones.                             2. Developing contactless and tap-to-pay debit cards to
                                                                          speed up transactions and increase transaction volume.
Wealth Management                                                    3. Gradually developing M-Smile services with new
Bank Mega’s wealth management services are not only                       features, including QRIS Crossborder, QRIS TTS/Tuntas,
limited to investment for the development of wealth,                      QRIS (Contactless), overseas remittances, financial
but also provide services in the form of protection for                   management wallets, lifestyle services, payment
the protection of customer’s wealth. With the support of                  acceptance services using M-Smile at merchants, and
branch offices and certified marketers, Bank Mega will                    other service features.
assist customers in financial planning and management.               4. Acquiring corporate customers in winning sectors, such
Currently, customers can easily enjoy wealth management                   as mining, digital companies, finance (insurance, etc.),
services through M-Smile, Bank Mega’s mobile banking                      and acquiring subsidiaries of big group customers
application. M-Smile allows customers to manage their                     who have joined.
portfolios anytime, anywhere.




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5. Continuing the promotion of free transfer fee services is    2. Maximize cash management sales to contribute to the
   one of the bank’s propositions, so with this promotion          growth of cheap funds (current accounts) at Bank Mega.
   it is hoped that there will be an increase in transactions   3. Offer selective interest rates to customers in order
   and funds.                                                      to reduce COF in accordance with Bank Mega’s
6. Increasing the benefits of debit cards at strategic CT          management strategy.
   Corpora merchants and at non-CT Corpora merchants.
7. Attracting affluent customers with attractive                The Strategy prepared in 2023 is not yet optimal due to the
   savings programs.                                            very volatile and uncontrolled increasing market interest
8. Continually improve the quality and productivity of the      rates, which are expected to continue rising. The strategy
   sales force, particularly the megafirst and corporate        to optimize the collection of corporate funds in ministries,
   sales forces.                                                BUMN and conglomerate companies has had a negative
9. Developing corporate Internet banking for corporate          impact. BUMN banks also offer very competitive interest
   cash management.                                             rates compared to the ability of the Bank to fund interest
                                                                rates with KBMI 3.
Corporate Funding
Corporate funding is aimed at non-individual clients            Corporate Funding Performance
(companies). Bank Mega offers various products in terms         In 2023, the corporate funding collected deposits
of current accounts and term deposits in both rupiah and        amounting to Rp34.33 trillion. The CASA ratio was 6%
foreign currency. To support CASA growth, Corporate             higher in comparison to 2022 with an increase in savings
Funding cross-sells customers cash management services          funds of Rp643 billion. However, there was a 33% yoy
such as Virtual Accounts (VA), Payroll and Corporate Cards.     decline in total deposits.
In addition, Bank Mega also offers Corporate Funding
customers attractive interest rates on corporate current        2024 Strategy and Plan for Corporate Funding
accounts and fixed deposits.                                    The year 2023 will be a very challenging experience for
                                                                Corporate Funding, especially in terms of deposit rate
Corporate Funding Strategy                                      competition in a very uncontrolled market. Based on this
During 2023, Corporate Funding re-profiled customers            experience, Corporate Funding has developed a strategy
focusing on BUMN and Big Company customers. Corporate           that will be implemented in 2024 in order to maintain the
Funding strategy in 2023, namely:                               stability of third party funds in Corporate Funding.
1. Maximize customers from conglomerates, public service
    agencies (BLU), ministries and state-owned enterprises.




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The main strategy that will be implemented is to target            Corporate Credit
NTB corporate customers with a size of Rp100 billion -             Throughout 2023, the total outstanding credit disbursed
Rp200 billion. This strategy will focus on new customers           by the Corporate segment reached Rp45.22 trillion. This
(NTB) who are subsidiaries of existing conglomerate                condition is Rp3.8 trillion smaller than the position in
customers and approach existing customers who have                 December 2022. This credit growth was not achieved
corporate suppliers or buyers from existing customers.             mainly due to the repayment of one of the corporate
                                                                   debtors, which is quite significant. This segment’s
Existing customers who are active in deposit placement             distribution is the largest, reaching 68.3% of the Bank’s
will also be approached to offer fund placement in current         total credits.
accounts. Increase the adoption and implementation
of cash management so that it has a positive impact                In 2023, the corporate segment managed to record a
on increasing third party funds, especially in current             profit of approximately Rp2 trillion and will continue to be
accounts. The implementation of cash management                    the largest profit contributor, namely 87.7% in the Credit
can also generate fee-based income from transaction                Directorate. The total net interest income of the corporate
fees paid by customers through the bank’s mega cash                segment stood at Rp1.8 trillion in 2023. Another source of
management channel.                                                profit comes from fee income, amounting to Rp245 billion.

Collaboration between Funding, Treasury and Lending                Retail Credit (SME & Consumer) and Commercial
will be further improved to maximize sales of Bank Mega            In 2023, credit disbursement to the Retail (SME & Consumer)
products and Bank Mega Fee Based Income.                           and Commercial segments reached approximately Rp3
                                                                   trillion. The share of credit disbursement to the Retail
Credit                                                             and Commercial segments is 5% of the Bank’s total
Bank Mega’s business segments in credit disbursement               outstanding credit.
activities are divided into corporate credit, commercial
and retail credit (UKM and consumer), and indirect channel         The Retail and Commercial segments still need to focus on
credit. In 2023, the outstanding credit disbursed by Bank          efforts to closely monitor the debtors who have benefited
Mega reached Rp66.4 trillion. The credit disbursement              from the Covid-19 stimulus in the form of restructuring,
performance of each segment is shown below.                        as the global and national economic conditions have not




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yet recovered. This requires the Retail and Commercial          Indirect Channel Credit
segments to ensure that the business conditions and             • Focus on existing financial institutions/multifinances,
payment of debtors’ obligations to the Bank run well                including group partners.
and in accordance with the plans agreed upon when the           • Focus on partners belonging to conglomerates/banks.
stimulus was provided, especially after the stimulus period     • Also focus on credit quality monitoring and end-to-end
ends. Even if this segment is not able to record a better           process monitoring.
profit than in 2022, it can still record net interest income
of Rp79 billion.                                                Commercial and Retail Lending
                                                                • Optimize branches to initiate credit.
Indirect Channels                                               • Focus on cities that are business hubs, have potential
The Indirect Channel segment managed to grow by Rp231             for economic growth and are supported by adequate
billion to approximately Rp11.7 trillion in 2023, or a growth     and ready infrastructure.
of 2.02% compared to 2022. The distribution share in this       • Maintain existing loan portfolio and credit quality.
segment is the second largest, reaching around 18% of
the bank’s total outstanding loans.                             As part of the Bank’s efforts to increase fee-based income,
                                                                the Bank will be disciplined in the application of loan fees
This segment was able to record a profit of Rp338 billion       and will optimize the imposition of special fee income for
and contributed 15 percent of the total profit of the           high-risk loans. These efforts will also be accompanied
Credit Directorate. This figure is the second largest profit    by the optimization of trade finance services, namely the
contributor in the Credit Directorate. The Indirect Channel     issuance of LC, SKBDN, Bank Guarantee and Standby LC
segment recorded a net interest income of IDR 426 billion.      on an ongoing basis. This is expected to increase marketing
                                                                and cross-selling synergies in the context of increasing
                                                                fee-based income.

Strategy and Work Plan 2024                                     Credit Card
General credit strategies in 2024 include:                      2023 is a year of economic revival characterized by mobility
• Focusing loan growth on the corporate segment. Focus          and activities such as trade transactions and high traffic on
    on lending to economic sectors that are still capable of    tourist routes, both domestic and international. There is
    positive growth under uncertain economic conditions,        also a phenomenon of change in the way of transactions,
    including national strategic projects and lending to        where customers tend to avoid physical contact
    conglomerate groups with strong finances, especially        activities, which has led to an increase in contactless and
    companies with solid ratings and financial conditions.      cashless transactions.
• Optimizing branches and regions to grow retail and
    commercial lending.                                         However, throughout 2023, the credit card business will
• Optimizing credit margins and fee income through              still face challenges in increasing revenue. This is because
    appropriate pricing discipline.                             the easing policy is still being extended, namely Bank
• Deepening relationships and discipline in monitoring          Indonesia Regulation No. 24/136/DKom dated May
    debtor companies.                                           24, 2022 regarding the reduction of credit card interest
                                                                rates and the reduction of late fees. This policy has been
Each segment has made plans for the strategy and focus          extended until December 31, 2023. However, Bank Mega
to be developed to meet the challenges of 2024, namely:         remains committed to continue to offer and develop/
                                                                innovate product features, technology, promotions and
Corporate Credit:                                               other services that meet customer needs.
• Focus on corporate borrowers that belong to large
   conglomerates (have diversified businesses and               Bank Mega’s credit card business in 2023 has shown quite
   excellent financial strength) and are backed by the          significant growth, which is reflected in the achievement
   owners of the conglomerate.                                  of sales volume of IDR 19 trillion in 2023. The increase in
• Corporates will participate more actively in                  sales volume was supported by the growth in domestic
   syndicated deals.                                            and international transactions, both online and offline.
                                                                This growth was also followed by positive growth in the
                                                                number of debit balances. Positive contributions were
                                                                made by the online transaction segment and overseas




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transactions, which contributed a positive growth of 34%.           The Ever-Increasing Trend of Digitalization in the Banking
This achievement brings the credit card outstanding to              Industry
2023, which grew 2.34% to Rp6.33 trillion compared to               Digital transformation has brought various impacts,
the same period in 2022, amounting to Rp6.18 trillion.              especially in people’s lives, one of which is the use of
                                                                    various technologies in the financial services sector, which
In terms of the customer acquisition process, Bank Mega             has brought significant changes to the banking industry.
has relied on digitalization, where the process is paperless        The change in people’s transaction patterns towards digital
and uses all digital verification tools. This digitalization        has encouraged banks to accelerate the transformation
step, in addition to creating an efficient process, also            process towards digital banking. Bank Mega’s commitment
strengthens the precautionary principle implemented                 is to continue to provide good digital banking services
as part of the strategy to keep the credit card portfolio           and also maintain the precautionary principle to provide
in a healthy and high quality condition. As a result of             comfort and security to customers so that they can manage
this digitization, the credit quality of the portfolio has          banking activities independently.
improved, as reflected in the reduction of the NPL ratio
from 2.8% to 2.3%.                                                  Bank Mega also continues to improve the digitization
                                                                    process to increase customer satisfaction by providing
In 2023, Bank Mega introduced “Make It First” as an                 comfort and convenience. Customers are provided
appreciation for the loyalty of Mega First Infinite credit          with convenient access to banking through the M-Smile
card holders and other Mega credit cards by offering                application, which is continuously enhanced by adding
customers the opportunity to be the first to enjoy events           credit card functions such as applying for a credit card,
held by Bank Mega, such as group viewing events and                 activating a credit card, converting transactions to
the opportunity to taste Baskin Robbins ice cream and               installments, setting limits, updating customer data, and
feel the freshness of Re.Juve cold pressed juice by simply          setting a card block in case of loss, without having to visit
exchanging 1 MPC or the equivalent of Rp. 1,-.                      the Bank Mega branch or contact the call center.

The Mega Travel Fair has been held regularly every                  As a processing bank (acquiring bank), Bank Mega also
year (except during the pandemic) with a collaboration              participates in supporting regulatory policies so that they
between PT Bank Mega Tbk and PT Antavaya Tour &                     can continue to increase digital transactions, one of which is
Travel, a subsidiary of CT Corp and the favorite airline            through QRIS. Bank Mega is part of the QRIS Cross Border
for Bank Mega credit card holders so that they have the             project which is applied in 3 countries such as Malaysia,
opportunity to get their dream holiday to various places.           Thailand and Singapore. Bank Mega is also developing its
Favorite destinations through attractive offers such as             current payment gateway capabilities to conduct online
discounts of up to Rp3,000,000 + 5% for different travel            transactions to meet the transaction needs of merchants.
products. The Mega Travel Fair also provides opportunities
for people who want to have a Bank Mega credit card and             The Importance of CT Corp’s Synergy Role with Bank
immediately enjoy the ongoing promos because there is               Mega Credit Cards
an instant credit card issuance program.                            Bank Mega is a bank that has an ecosystem advantage
                                                                    under CT Corp’s business network, and Bank Mega will
Mega Travel Fair 2023 will be running in 2 periods: the             consistently continue to have synergy in the development
first period will be held from 9 February 2023 to 12 March          of the banking business in order to provide benefits to
2023, and the second period will be from 10 August 2023             credit card customers in meeting their needs. Bank Mega
to 10 September 2023 in various cities such as Jakarta,             customers can also enjoy various additional benefits
Bandung, Surabaya, Bali, Makassar, and Samarinda as well            such as discounts and attractive offers in many merchant
as throughout Antavaya branch in Indonesia. The 2023                categories such as retail, lifestyle, entertainment, hotels,
Mega Travel Fair event went very well and captured the              travel and others.
enthusiasm of the Indonesian people.
                                                                    The synergy with other subsidiaries of CT Corp. is one of
                                                                    the strengths of Bank Mega in optimizing and making Bank
                                                                    Mega credit products have many benefits and advantages
                                                                    over other credit cards.




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As a form of appreciation for customer loyalty, both credit      holders, namely a 10% discount and redeeming reward
cards and savings, Bank Mega offers MPC Points that are          points that can be enjoyed throughout the year.
integrated and accessible on all CT Corpora ecosystem
platforms. Customers benefit from every credit card              Travel & Leisure
purchase or accumulated savings balance by receiving             Despite the fact that the tourism and industrial sectors
rewards in the form of MPC Points. The collected points          have been severely affected by the COVID-19 pandemic,
can be 100% redeemed for purchases at merchants that             Bank Mega continues to collaborate with Antavaya Tour
are members of the CT Corp ecosystem with a nominal              & Travel and go.com (the online platform of the Antavaya
value of 1 point, which is equivalent to 1 rupiah. Merchants     Group), providing tickets, accommodation, tour packages
can offer rewards such as free flights by redeeming MPC          and various other privileges. Among the benefits obtained
Points at Antavaya, discounts on daily necessities at            by using a Bank Mega credit card are: special prices for the
Transmart, or redeem them to buy the latest fashion at           purchase of tour packages, competitive international ticket
Metro Department Store.                                          prices and a low-interest installment program. As well as
                                                                 special offers of up to 10% discount for MegaFirst Infinite
Food & Dining                                                    Credit Cards at all AntaVaya outlets throughout Indonesia.
Bank Mega Credit Card customers with culinary hobbies
can also enjoy special offers as Bank Mega has a Bank            Metro Department Store is one of the companies under
Mega Dining Together Program with discounts of up to             CT Corp that bridges lifestyle needs by offering quality
50% in partnership with hundreds of restaurants and cafes        clothing and accessories products. The company’s
across Indonesia. In addition to the Bank Mega Credit            philosophy is to provide a comfortable and enjoyable
Card, it also offers exclusive offers throughout the year        shopping environment and experience. Bank Mega and
specifically at Trans F&B merchants in the form of discounts     Metro Department Store have collaborated to create an
of up to 50% at Coffee Bean and Tea Leaf, Baskin Robbins,        exclusive program for all Bank Mega credit card holders,
Wendy’s, Warung Wardani, Gyukatsu and Tasty Kitchen.             namely a 10% discount and redemption of reward points
Fashion & Lifestyle                                              that can be enjoyed throughout the year. Alternative family
Especially for fashion lovers and cardholders who like to        vacations at Trans Studio Cibubur, Bali, Makassar and
collect their favorite brand items at Trans Fashion, the         Bandung, which offer exciting and interesting rides, as well
Bank Mega Credit Card offers a special discount offer of         as Indonesia’s first snow playground at Trans Snow World
up to 20% for the MegaFirst Infinite Credit Card and 10%         Juanda Bekasi, will remain open throughout 2022, albeit
discount for other Bank Mega Credit Cards at more than           with limited operations. The Bank Mega credit card offers
50 Trans Fashion outlets with the brands Aigner, Canali,         an economical vacation with discounts of up to 25% on
Furla, Geox and Hugo Boss. Travel & Leisure Despite              Trans Studio tickets. Apart from enjoying the rides, Trans
the fact that the tourism and industrial sectors are the         Studio Bandung Integrated Area also offers opportunities
most affected by the COVID-19 pandemic, Bank Mega                to indulge by shopping at Trans Studio Mall or staying
continues to collaborate with Antavaya Tour & Travel and         at Trans Luxury Hotel Bandung, Trans Resort Bali, Love
go.com (the online platform of the Antavaya Group),              Fashion Legian and IBIS Hotel Bandung. Bank Mega Card
offering tickets, accommodation, tourist packages and            holders can enjoy stay offers at special prices and discounts
various other privileges. The benefits obtained by using         of 50% for weekdays and 25% for weekends.
a Bank Mega credit card include: special prices for the
purchase of tour packages, competitive international             Grocery Stores
ticket prices and a low-interest installment facility program.   Transmart Carrefour Indonesia, a shopping center with
As well as special offers of discounts of up to 10% for          hypermarket concept under PT Trans Retail Indonesia,
MegaFirst Infinite Credit Cards at all AntaVaya outlets          which has a one-stop shopping concept, was introduced
throughout Indonesia. Metro Department Store is one of           to offer a variety of products at low prices and the best
the companies under CT Corp that bridges lifestyle needs         service. Bank Mega has cooperated with all Transmart
by offering quality clothing and accessories products. The       stores to provide the best benefits for all Bank Mega credit
company’s philosophy is to provide a comfortable and             card holders by offering a 10% discount and redeeming
enjoyable shopping environment and experience. Bank              reward points that can be enjoyed every day throughout
Mega and Metro Department Store have collaborated to             the year.
create an exclusive program for all Bank Mega credit card




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                                 Management Discussion and Analysis




Media & Entertainment                                                 Digital Marketing
TRANS TV, TRANS7, CNN Indonesia and Detikcom are also                 The digital marketing channel managed to acquire 25,266
companies under the flagship of TRANSMEDIA. Together                  new credit card customers in 2023, or 245% growth
with Bank Mega, TRANSMEDIA is working together to                     compared to 2022, when 7,322 new credit card customers
increase brand awareness and provide various promotional              were acquired. The share of the additions in this channel
program options, especially for Bank Mega cardholders                 is the second largest, reaching approximately 30% of the
and the general public. Of course, with TRANSMEDIA, it                total growth of the new credit card customers of the Bank.
will be easier for Bank Mega to promote the innovations
that are and will be carried out by Bank Mega.                        With various digital marketing campaigns throughout
                                                                      2023, we managed to increase the satisfaction and loyalty
Financial Institutions                                                scores of credit card customers from -27.1 to 9.8, as well
CT Corp also has several financial institutions, such as Mega         as those using the M-Smile application from 4.9 to 27.3
Insurance, which provides general insurance services, and             at the end of 2023.
PFI Mega Life, which provides life insurance services. The
purpose of Bank Mega and the two insurance companies                   Net Promoter Score
mentioned above is to assist credit card holders in financial
planning, personal protection, and ownership of valuables.              Q1 2023            Q2 2023           Q3 2023           Q4 2023




Shopping Mall                                                                                                 16.4              27.3
The synergy with CT Corp Group in the area of retail
                                                                                            16.4
shopping malls makes it easier for Bank Mega to carry                                                          9.8
out credit card customer acquisition activities and increase             4.9
awareness through mall branding. Trans Icon Mall Surabaya,
which will be inaugurated in August 2022, completes the
                                                                                            -5.7
mall network that was previously spread across various
major cities in Indonesia.
                                                                        -27.1
2024 Strategy
Bank Mega is committed to and will consistently maintain                                     M-Smile       Credit Card

synergy with the CT Corp ecosystem, as well as leverage
the bank’s strengths to achieve credit card growth by
offering additional products or services to customers,
both funding customers, corporate funding customers
and lending customers. Bank Mega will also participate in
supporting the digital transformation process through the
development of the M-Smile service, which aims to meet
needs and provide digital convenience through digital-
based credit card product features. It is hoped that Bank
Mega’s initiatives in 2024 will receive a positive response,
such as the virtual credit card feature, this card will make it
easier for customers to make faster and safer transactions,
and this card can be used anytime and anywhere for online
and offline transactions.




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Treasury & Financial Institutions

A. Treasury                                                   Funds rate will lead to a widening of the interest rate
In 2023, Indonesia’s economic growth is likely to be was      differential. However, the Fed’s policy calibration is
considered sustained still sustainable amidst an increase     expected to moderate the strengthening of the dollar
in global economic turmoil. The world economy iwas            index. The FED has the potential to slow down the
confronted with a rise in global inflation, which in turn     aggressiveness of the Fed Funds rate hike in the United
triggers an aggressive global monetary tightening response    States. In 20232024, the FED is also expected to stop
through a policy of high interest rates for an extended       the cycle of rising interest rates amid improvements in
period of time (higher for longer). This is exacerbated by    the global economy.
growing risks, such as China’s real estate problems and
several US banks with high exposed exposure to in the         In Indonesia, Bank Indonesia’s decision to raise interest
technology sector failing. In the midst of these global       rates has been taken as a preemptive and forward-looking
economic and financial system challenges, the role of the     step to reduce inflation expectations that are currently still
financial sector in the domestic economy remains intact.      high and to ensure that future core inflation returns to the
Indonesia’s economic growth has resumed its upward            target of 3.0 ±1% sooner, i.e. by the first half of 20243,
trend. This growth, which remains strong amid declining       as well as to strengthen the policy to stabilize the rupiah
export performance due to the slowing economy and             exchange rate so that it is in line with its fundamental value
global commodity prices, is mainly driven by strong           due to the strong US dollar currency and high uncertainty
domestic demand in line with higher growth in household       in global financial markets, while domestic economyic
and government consumption and increased investment.          demand remains strong. Bank Indonesia also continues
                                                              to strengthen its policy mix response to maintain the
In 2024, the global economy is expected to continue           stability and momentum of the economic recovery through
to slow down, especially as a result of the aggressive        monetary operations and strengthening the stabilization
monetary policy in 2023, amid inflationary pressures that     of the rupiah exchange rate by remaining in the market
are starting to ease in the second half of 2023.              as part of the efforts to control inflation.

Investors’ views on the Indonesian economy remain             The impact of Bank Indonesia’s policy directly increases
positive on the back of the country’s strong economic         liquidity in the banking system. However, this increased
growth outlook and improvement in domestic demand.            liquidity does not directly affect bank lending. Instead, it
The Federal Reserve’s policy remains an important factor      increases bank investment, especially in securities.
influencing the global economy. An increase in the Fed



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                               Management Discussion and Analysis




Market developments in line with the normalization of               recovering. In the midst of these various conditions, the
global economic policies, where almost all central banks            company’s focus is to remain active in financial market
are raising interest rates to fight inflation, will was also        activities so that it can be a significant contributor to the
provide an interesting dynamic for Treasury to capitalize           company’s overall performance, while always being mindful
on. Treasury will taketook advantage of the momentum                of compliance and risk corridors.
of economic recovery, which is expected to increased the
income of the Treasury business segment.                            Global Market Sales (GM Sales)
                                                                    Running In doing businessa, Global Market Sales business
Under these conditions, Bank Mega Treasury is actively              requires a strong knowledge skill of the global marketplace,
and conservatively managing its business. It is prudently           which has become highly more competitive. This expertise
maintaining its asset and liability portfolio so that it can        is combined with a deep understanding of the local market
continue to generate profits while paying attention to              and innovation to increase competitiveness and offer
liquidity. Amidst challenging and uncertain economic                competitive prices. The company also remains committed
conditions that will remain uncertain in 2023, Treasury             to providing the best service to customers. These various
iwas still positioned to capitalize benefiting on the market        efforts are necessary to improve GM Sales’ competence
volatility that exists in the market. The following are the         and capability in the marketing of providing Global Markets
substantive steps that will be has been taken by the                products to its Customers.
Treasury over the course of 2023.
                                                                    The Company has been encouraged to increase the
1. Continue to invest the Bank’s excess liquidity in assets         synergy with internal parties related to the marketing of
   with relatively lower risk, namely government bonds              to provide Global Markets products due to the increasing
   and also placements with Bank Indonesia, while                   level of competition among banks to increase customer
   seeking the best return commensurate with the risks              market share. The marketing, character, risks, and product
   faced in order to optimize the Bank’s income.                    transparency of Global Markets products will be maintained
2. Manage the funding gap between assets and liabilities            so that they are in compliance with applicable regulations.
   in such a way that the Bank is secure enough to
   maintain its liquidity on a daily basis.                         In 2023, Global Markets Sales is more sophisticated in
3. Maintain High Quality Liquid Assets (HQLA), Liquidity            seeing customer needs for Global Markets products
   Coverage Ratio (LCR) and Net Stable Funding Ratio                such as bonds, foreign exchange products and derivative
   (NSFR) to ensure the stability of the bank’s liquidity           financial products.
   at all times.
                                                                    Global Markets Trading (GM Trading)
The aforementioned strategies are able to maintain the              In 2023, Global Markets Trading wais positioned to
income of the Company in the midst of the challenges                capitalize took benefit on the opportunities that exist in
of the uncertain economic conditions in 2023, while                 the marketplace. Economic indicators , especially in the
maintaining the liquidity. Revenues are primarily generated         advanced economies, show uncertainty in global economic
from net interest income on securities assets.                      movements amidst an improvement in inflation levels
                                                                    towards pre-pandemic levels, especially in the advanced
B. Global Markets                                                   economy countriesies. Sentiment in the financial markets
2024 will be another interesting year for Indonesia’s               tends to be positive. This is , supported by growing
financial industry. The outlook for the domestic economy            expectations for the end of the global interest rate hike
remains good amidst the potential for a global economic             cycle, following the release of the U.S. employment data
slowdown; Indonesia’s GDP growth is expected to remain              and the continued decline in the inflation rate. Optimism
stable in 2024, supported by the potential for increased            wais also being influenced by the introduction of fiscal,
campaign spending ahead of the presidential election                monetary and financial sector stimulus measures in China
(Pilpres) in February and the simultaneous regional                 to stem the decline in economic output, including the
elections in November. It is hoped that the election will           resolution of problems resolve problems in the real
help restore the purchasing power of society at large.              estate sector.

Fundamentally, investors’ view of the Indonesian economy            Meanwhile, global geopolitical tensions are on the rise
remains positive. This is in line with Indonesia’s economic         as a result of the ongoing conflict in the Middle East
growth outlook, which remains strong and domestic                   and the victory of the right wing in several countries.
demand is improving. It is also estimated that global               However, the impact on oil and energy prices is still limited
inflationary pressure is expected to ease in 2024, which            in light of the ongoing trend of weakening demand. In
is expected to cause global financial markets to start              addition, the pressure from rising food commodity



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prices is expected to was easinge as the El Ninño               During For In 2024, IBFI will continue to seek new clients
phenomenon weakenssubsided.                                     and also deepen its bank and non-bank clients by marketing
                                                                IBFI’s core business, namely bank and non-bank funding
These developments have contributed to the strengthening        and trade finance transactions from foreign banks and local
of global financial markets. They have also boosted demand      banks. In addition, IBFI will continue to support Global
for equity, debt, and foreign exchange. Non-resident            Markets sales team in line with the increasing number of
investors are also beginning to enter emerging market           treasury transactions.
financial markets. All of theseis provides an opportunity for
the Global Markets Trading team to engage in day-to-day         Treasury & Financial Institutions Strategy for 2024
activities to generate fee-based income. Synergies with         For In the year 2024, the Treasury & Financial Institutions
the Global Markets Sales team will continue to be realized      (TSFI) business will continue to focus on a client-centric
by offering competitive pricing to achieve market share         business model. This will be achieved through the
targets while maintaining strict compliance with internal,      implementation of a strategy that will provide a complete
external and regulatory requirements.                           financial market services with complete solutions that
                                                                cover all market segments (foreign exchange, interest
By In 2024, GM Trading anticipates that the foreign             rates and derivatives).
exchange and fixed income markets will remain active with
all existing factors on both the domestic and international     In line with TSFI’s commitment to be the customer’s
markets. GM Trading will continue to take an active part        first choice, the company will be strongly focused on
in the exploration of the market penetration, while still       customer service. At the same time, it will continue to
paying attention to the existing situation and conditions.      monitor market developments. This will enable it to create
                                                                a sustainable and profitable business model for both clients
Meanwhile, for the bond market, overall interest rates seem     and the bank.
towill start to decline in 2024. GM Trading will need to
actively participate in the market penetration deepening        In 2024, there will still be a number of some challenges that
in both in Rupiah bonds and other currencies such as US         will have an impact on the bank’s performance, especially
dollar bonds in order to maintain fee-based income. In          in the TSFI business segment. The economyic recovery
2024, it is estimated that global interest rates will decline   is expected to increase the opportunities for Treasury to
as inflation is brought under control due to economic           conduct day-to-day activities to generate fee income and
recovery, so it is necessary to be more active in order to      capital gains.
maintain fee income.
                                                                The Company will continue to pursue TSFI’s key priorities
C. International Banking & Financial Institution (IBFI)         in 2024 in order to achieve sustainable growth, namely
After the pandemic conditions, which have started to
improve, IBFI continues to carry out activities in order        a. Optimize transactions with retail customers, especially
to achieve the objectives, making several adjustments,             the MegaFirst segment.
especially in terms of meetings with bank and non-bank          b. Promote cross-selling to corporate clients, both lending
clients, face-to-face or via zoom meetings.                        and funding, with products that meet their needs.
                                                                c. Continue to market current Treasury products such as
Statistically, during 2023, the IBFI team held meetings with       FX, FX Swap, DNDF, FX Option, CCS, IRS, Call Spread
existing and potential clients an average of 12 times in a         Option, Bond Option, Bond Linked Investment to
period of 1 month, resulting in an increase in the number of       meet client needs by organizing client events, client
current accounts of more than 90% over the previous year.          calls and regular market updates to existing and
                                                                   potential clients.
The activities of IBFI through the financingfunding products    d. Support the development of electronic channel
and the products related to the treasury transactions and          platforms and encourage clients to trade through
the trade finance transactions, showed an increase in the          existing electronic channels.
achievement of revenues every year. This is reinforced by       e. Develop synergies with the current banking ecosystem,
regular monthly KPI monitoring, and also better with the           namely with the companies of the CT Corpora
changes in customer service and better client management           Group, both in terms of products, customers and risk
implemented in 2022, where face-to-face meetings with              monitoring, in order to be able to develop together,
bank and non-bank customers were conducted, resulting in           in line with the strategy and risk appetite of the CT
the addition sharp increase of new customers has increased         Corpora Group.
quite strongly this year.




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                                 Management Discussion and Analysis




f.   Anticipate and provide input to regulators in the                related to securities, the safekeeping of securities and
     issuance of new regulations that will develop                    the representation of the rights of the holder of securities
     financial markets.                                               (proxy).

Capital Market                                                        Bank Mega acts as a Custodian on the basis of a pursuant
                                                                      to the license issued by the Financial Services Authority
A. Trustee                                                            (formerly the Capital Market Authority) No. KEP-01/PM/
Bank Mega has been operating as a trustee for more                    Kstd/2001 dated January 18, 2001. Bank Mega has also
than 23 years. A Trustee is a capital market supporting               obtained approval from Bank Indonesia to act as a Sub-
institution with the role of representing the interests of debt       Registry pursuant to Bank Indonesia Letter No.10/160/
securities and/or Sukuk holders. This institution is when             DPM dated July 4, 2008.
a requirementd by for the companies wanting issuinging
debt securities and/or Sukuk through public offerings. In             •   Custodian services provided by Bank Mega consist of
addition, Bank Mega provides monitoring agent services                    General Custodian Services include:
for the issuance of debt securities and/or Sukuk issued                   - Safekeeping (storage and administration of
without a public offering and collateral agent services.                     securities);
                                                                          - Settlement & transaction processing (processing
Bank Mega has been granted a Registration Certificate                        and settlement of securities purchase/sale
(STTD) by the Financial Services Authority (formerly the                     transactions);
Capital Market Supervisory Agency) to conduct business as                 - Corporate Action (administration of the client’s
a trustee pursuant to Decree No. 20/STTD-WA/PM/2000                          rights in relation to the ownership of the client’s
on August 2, 2000.                                                           securities);
                                                                          - Proxy (representing the client at the General
Bank Mega’s duties and responsibilities as a trustee shall                   Meeting of Securities Holders on the basis of the
include the following:                                                       client’s power of attorney);
a. To represent the interests of the Debenture debt                       - Reporting.
    securities and/or Sukuk Holders in and out of court
    in the conduct of legal proceedings relating to the               •   Mutual fund custodians service include:
    interests of the Debenture debt securities and/or                     - Registry (registration and administration of mutual
    Sukuk Holders;                                                           fund shares);
b. To publicly disclose complete information about its                    - Fund Accounting (collective custody, management
    qualifications as a trustee in the prospectus;                           of mutual fund portfolios and calculation of net
c. To submit a report to the Financial Services Authority                    asset value);
    in the event that the issuer fails to fulfill its promise or          - - Reporting.
    a situation arises that may jeopardize the interests of
    the holders of debt securities and/or Sukuk;                      As of December 31, 2023, the value of Bank Mega’s
d. To conduct regular supervision or monitoring of                    custodial administration portfolio amounted to
    issuers and debt securities and/or Sukuk based on                 41.95 trillion.
    the trustee agreement;
e. To provide necessary advice to the issuer in connection            Bank Mega has also received the approval from
    with the trustee agreement.                                       KSEI to become the RDN (Customer Fund Account)
                                                                      Administrator Bank in accordance with PT KSEI Letter
As of December 31, 2023, Bank Mega acted as a trustee                 No. KSEI-7040/DIR/0720 dated July 2, 2020 regarding
for 126 debt securities and/or sukuk issuances through a              the Letter of Appointment of PT Bank Mega Tbk as the
public offerings with a total value of Rp87.60 trillion and           RDN Administrator Bank for the period 2019-2024. As
35 issuances of debt securities and/or sukuk issued without           of December 31, 2023, the number of customer fund
a public offerings with a total value of Rp2.34 trillion and          accounts established by under Bank Mega amounted to
Rp19.16 million.                                                      11,989 accounts.

B. Custodian Services
Bank Mega has provided capital market custodian
services since 2001. A custodian bank is a bank that
provides custody/deposit services and other activities
related to securities, including the settlement of
securities transactions, the administration of rights



 146                         PT BANK MEGA Tbk          2023 Annual Report       Refocus in Business Strategy for Sustainable Growth
Page 147
                                                                                    PT BANK MEGA Tbk           2023 Annual Report




      Operational Review by Geographic Segment


The Bank performs geographical segment analysis whereby                Income before tax from the Head Office and the Jakarta
management reviews monthly management internal                         Region also provided the largest contribution of 66.86%
report for each area.The Bank’s geographical area consists             and 23.79% respectively in 2023, supported by the
of Head Office, Jakarta, Bandung, Medan, Semarang,                     achievement of segment income which was more dominant
Surabaya, Makassar and Banjarmasin regions.                            than other regions. In the previous year, the contribution
                                                                       from the Head Office and the Jakarta region was 62.33%
The Head Office still has the largest contribution in terms            and 28.09%, respectively.
of revenue per segment, which will reach 70.06% in 2023
and 66.92% in 2022. Meanwhile, the region that has the
                                                                       Profit before tax 2023
largest contribution is the Jakarta region with a share of
16.92% and 20.24%, respectively.

                                                                                        1.31%


Segment revenue 2023
                                                                            23.79%                     2.25%
                                                                                                       1.34%
                                                                                                       1.88%
                                                                                                       1.07%
              1.94%
                                                                                                       1.51%

      16.92%                     2.60%                                                                                    66.86%
                                 1.72%
                                 3.02%
                                 1.88%
                                                                         Head Office        Jakarta            Bandung             Medan
                                 1.85%
                                                                         Semarang           Surabaya           Makassar            Banjarmasin
                                                    70.06%




   Head Office        Jakarta            Bandung         Medan

   Semarang           Surabaya           Makassar        Banjarmasin   Profit before tax 2022



                                                                                        1.75%


Segment revenue 2022
                                                                            28.09%                     2.13%
                                                                                                       1.52%
                                                                                                       1.69%
                                                                                                       1.13%
              2.09%
                                                                                                       1.37%

      20.24%                     2.45%                                                                                    62.33%
                                 1.76%
                                 3.11%
                                 1.77%
                                                                         Head Office        Jakarta            Bandung             Medan
                                 1.67%
                                                                         Semarang           Surabaya           Makassar            Banjarmasin
                                                    66.92%



                                                                       For a more detailed explanation of profitability based on
   Head Office        Jakarta            Bandung         Medan
                                                                       geographical segments, please refer to Note No. 38 of the
   Semarang           Surabaya           Makassar        Banjarmasin   Audited Financial Report attached to this Annual Report.




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                               Management Discussion and Analysis




Marketing Aspect

The expectation of market growth is also a function of              transactions using Bank Mega debit or credit cards in all
the determination of the right marketing strategy. This             CT Corp businesses, including financial products, retail,
is important to increase the penetration of products                entertainment and others.
and services offered to customers. Therefore, the bank
conducts market mapping in order to be able to use the              Another marketing strategy is that Bank Mega actively
right medium to convey messages.                                    carries out various marketing programs that are attractive
                                                                    to customers. Bank Mega introduced Bikin Jadi Pertama as
Marketing Strategy                                                  an appreciation for the loyalty of Mega First Infinite credit
The focus of Bank Mega’s marketing strategy is digital              card holders and other Mega credit cards by providing a
marketing. Changes in people’s behavior, which demand               customer experience to become the first to enjoy events
ease and speed of digital transactions without having               that will be held by Bank Mega, such as the Inviting
to go to a branch, and which can be done anytime and                Customers to Watch Together program; Invite to Eat Ice
anywhere, have become a guideline in determining                    Cream for Only IDR 1 MPC Point; and Invite Customers
marketing strategies. As a result, the bank is constantly           to Drink Healthy Juice Rp. 1.
updating the features of the M-Smile application to provide
customers with an interesting experience in addition to             Marketing strategies include carrying out digital campaigns
the ease of transactions.                                           by utilizing social media such as Instagram, Facebook, X
                                                                    (Twitter), and TikTok.
In addition, the bank’s marketing strategy also optimizes
the competitive advantage of Bank Mega, which is part               Market Share
of the CT Corp Group. The bank synergizes with various              Bank Mega’s market share has been explained in
CT Corp Group companies so that customers can enjoy                 this chapter, which explains the bank’s position in the
various discounts and attractive offers when making                 Indonesian banking industry.




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                                                                                 PT BANK MEGA Tbk         2023 Annual Report




Financial Review

Standards for Presenting Information and Compliance                  by Bimo Iman Santoso, Certified Public Accountant, with
with Financial Accounting Standards                                  Public Accountant Practice License No. AP.1298.
In accordance with the Financial Services Authority
Regulation (POJK) No. 14/POJK.04/2022 on the filing                  KAP stated that the financial statements present fairly, in all
of periodic reports for issuers or public corporations, PT           material respects, the financial position of PT Bank Mega
Bank Mega Tbk has filed periodic financial reports with              Tbk as of December 31, 2023, and its financial performance
the Financial Services Authority and the Indonesian Stock            and cash flows for the year then ended in accordance with
Exchange and announced periodic financial reports to                 Indonesian Accounting Standards.
the public. Specifically, the audited financial reports were
submitted to the Indonesian Stock Exchange on January                This financial review has been prepared on the basis of
30, 2024.                                                            the statement of financial position of PT Bank Mega Tbk
                                                                     as of December 31, 2023, and the statements of profit
Public Accounting Firm (KAP) Amir Abadi Jusuf, Aryanto,              or loss and other comprehensive income and statement
Mawar & Rekan completed the audit of financial statements            of cash flows for the year then ended in accordance with
as of December 31, 2023 and signed by the Company’s                  Indonesian Accounting Standards.
directors on January 26, 2024. The audit was conducted


        Consolidated Statement of Financial Position

Bank Mega recorded total assets of Rp132.05 trillion in              Rp110.29 trillion. The decrease of 8.94% yoy compared
2023 with a decrease of 6.84% yoy. Compared to the                   to the previous year was mainly due to the reduction of
previous year’s value of Rp141.75 trillion, this decrease            financial liabilities by 9.11% yoy from Rp120.33 trillion in
was mainly influenced by a 7.18% decrease in financial               2022 to Rp109.37 trillion in the following year. Meanwhile,
assets from Rp133.02 trillion in 2022 to Rp123.46 trillion           non-financial liabilities increased by 18.08% yoy from
in 2023. Moreover, non-financial assets dropped by 1.64%             Rp782.55 billion in 2022 to Rp924.06 billion in 2023.
yoy from Rp8.74 trillion last year to Rp8.60 trillion in 2023.

In line with the reduction in total assets, Bank Mega also
recorded a lower level of liabilities in 2023, amounting to
                                                                                                   (Expressed in millions of Rupiah)


                                                                                                            Changes
                             Description                         2023              2022
                                                                                                   Nominal              (%)

 Financial Assets                                                123,454,294       133,011,537        (9,557,243)           (7.19%)

 Non Financial Assets                                              8,595,297         8,738,912          (143,615)           (1.64%)

 Total Assets                                                    132,049,591      141,750,449         (9,700,858)          (6.84%)

 Financial Liabilities                                           109,370,093       120,334,219       (10,964,126)           (9.11%)

 Non Financial Liabilities                                          924,055            782,550           141,505            18.08%

 Total Liabilities                                               110,294,148      121,116,769       (10,822,621)           (8.94%)

 Total Equities                                                   21,755,443        20,633,680         1,121,763              5.44%

 Total Liabilities, Temporary Syirkah Funds, and Equities        132,049,591      141,750,449         (9,700,858)          (6.84%)




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                                     Management Discussion and Analysis




Despite the decline in assets and liabilities, Bank Mega                  to the previous year’s Rp133.01 trillion, this decrease was
managed to increase its equity 5.44% yoy from Rp20.63                     mainly due to a 5.78% yoy reduction in loans – net to
trillion in the previous year to Rp21.76 trillion in 2023. This           Rp65.69 trillion from Rp69.72 trillion the previous year.
increase is in line with the higher retained earnings in 2023.            Apart from this, placement with Bank Indonesia and
                                                                          other banks also fell by 63.42% yoy from Rp9.16 trillion
Financial Assets                                                          to Rp3.35 trillion.
Bank Mega reported that its financial assets stood at
Rp123.45 trillion with a decline of 7.19% yoy. Compared

                                                                                                       (Expressed in millions of Rupiah)


                                                                                                                Changes
                          Description                               2023               2022
                                                                                                       Nominal              (%)

 Cash                                                                     855,222          901,616           (46,394)           (5.15%)

 Current accounts with Bank Indonesia                                 6,822,433          8,691,986        (1,869,553)          (21.51%)

 Current accounts with other banks - net                                  644,673          757,620         (112,947)           (14.91%)

 Placement with Bank Indonesia and other banks                        3,352,627          9,164,176        (5,811,549)          (63.42%)

 Securities - net                                                    37,624,588         39,177,026        (1,552,438)           (3.96%)

 Securities purchased under agreement to resell                       7,215,441          3,254,705         3,960,736          121.69%

 Derivative receivables                                                    20,974           10,119            10,855          107.27%

 Loans - net                                                         65,688,080         69,717,327        (4,029,247)           (5.78%)

 Acceptance receivable - net                                                    -           52,965           (52,965)        (100.00%)

 Other assets - net                                                   1,230,256          1,283,997           (53,741)           (4.19%)

 Financial Assets                                                   123,454,294       133,011,537        (9,557,243)           (7.19%)



Cash                                                                      Current accounts with other banks – net
Bank Mega’s cash dropped by 5.15% yoy to Rp855.22                         Current accounts with other banks - net held by Bank
billion in 2023 from Rp901.62 billion the previous year.                  Mega declined from Rp757.62 billion in 2022 to
This decrease was mainly cash denominated in the US                       Rp644,67 billion in the following year. This decrease is
Dollar from Rp119.50 billion in 2022 to Rp65.00 billion                   mainly due to the decrease in these accounts denominated
the following year.                                                       in foreign currencies.

Current accounts with Bank Indonesia                                      Based on Bank’s management’s review and evaluation, all
Bank Mega’s current accounts with Bank Indonesia                          current account with other banks is classified as current.
decreased 21.51% yoy to Rp6.82 trillion in 2023 from                      Moreover, the Bank’s management believed that allowance
Rp8.69 trillion last year. The Bank is required to maintain               for impairment losses in period 2023 and 2022 is adequate.
minimum statutory reserves (GWM) in Rupiah for
conventional banking activities and statutory reserves in                 Placement with Bank Indonesia and other banks
foreign currencies for foreign exchange transactions. The                 Bank Mega recorded a significant reduction in placements
Bank’s Minimum Statutory Reserve are calculated based on                  with Bank Indonesia and other banks from Rp9.16 trillion
Board of Governors Member Regulations (PADG). Please                      in 2022 to only Rp3.35 billion in 2023. This decrease is
refer to the financial ratios section for a more detailed                 due to the fact that deposit facilities of Bank Indonesia
explanation of the GWM ratio.                                             are no longer recorded in the Rupiah currency in 2023
                                                                          compared to Rp2.30 trillion last year.




 150                            PT BANK MEGA Tbk          2023 Annual Report        Refocus in Business Strategy for Sustainable Growth
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                                                                                PT BANK MEGA Tbk           2023 Annual Report




Based on the Bank’s management review and evaluation,               Derivative receivables
all placement with other banks were classified as current.          In 2023, Bank Mega reported Rp20.94 billion of derivative
The Bank’s management believed that allowance for                   receivables. Compared to the previous year of Rp10.12
impairment losses in 2023 is adequate.                              billion, this result is 107.27% yoy higher. There are four
                                                                    types of transactions carried out by Bank Mega in relation
Securities – net                                                    to foreign exchange rates, namely spot purchase, spot sale,
Bank Mega’s securities - net decreased to Rp37.62 trillion          swap, forward sale and option sale transactions.
from Rp39.18 trillion in 2022. This decrease of 3.96%
yoy was mainly due to the reduced impact in the form of             Based on the Bank’s management review and evaluation,
Indonesian government bonds denominated in rupiah on                all derivatives receivables as at December 31, 2023 and
the basis of fair value through other comprehensive income          December 31, 2022 are classified as current.
to Rp29.89 trillion in 2023, lower than Rp36.82 trillion in
2022. Bank Mega also recorded Bank Indonesia Rupiah                 Loans – net
Securities (SRBI) worth Rp4.94 trillion. These securities           The distribution of credit - net by Bank Mega fell by 5.78X%
were issued by Bank Indonesia in 2023.                              yoy to Rp65.69 trillion in 2023. This lower performance from
                                                                    the previous year’s Rp69.72 trillion was mainly influenced
Based on the Bank’s management review and evaluation,               by lower credit to third parties throughout 2023. Credit to
all securities as at December 31, 2023 and December 31,             third parties - gross dropped by 6.40% yoy from Rp69.43
2022 were classified as current. The Bank’s management              trillion in 2022 to only Rp64.99 trillion in the following year.
also believed that allowance for impairment losses in
period 2023 and 2022 is adequate.                                   Meanwhile, based on the type of credit, the decline in
                                                                    credit disbursement - gross is mainly due to the lowering
Securities purchased under agreement to resell                      investment credit to third parties. This credit disbursement
Bank Mega recorded securities purchased with promise                stood at Rp46.26 trillion in 2023, lower than Rp52.67
to resell in 2023 worth Rp7.21 trillion. This is higher than        trillion in the previous year. On a cumulative basis, the
Rp3.25 trillion in the previous year. This transaction was          contribution of investment credit is still the largest at
carried out by Bank Mega with Bank Pan Indonesia,                   69.77% and 74.91% in 2023 and 2022, respectively. The
Bank Victoria International, and Bank Indonesia as the              following table shows the composition of loans by type:
counterparties to the transaction.


Loans – gross composition in 2023                                   Loans – gross composition in 2022



               13.78%                                                              12.10%



      16.45%                                                              12.98%




                                                  69.77%                                                            74.91%




               Investment       Working Capital   Consumption                   Investment       Working Capital   Consumption
                            Source: Bank Mega                                                Source: Bank Mega




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                                      Management Discussion and Analysis




Bank Mega also distributes its loans by means of                           Lending Limit (LLL) to related parties and third parties as
cooperation with other banks or by means of syndication.                   required by The Financial Service Authority regulations.
Cumulatively, the bank’s syndicated loans reached Rp4.02X
trillion in 2023, compared to Rp4.54 trillion last year. The               Acceptance receivable - net
participation of the Bank, as a member of the syndicate,                   Bank Mega did not recorded net acceptance receivables
amounts to 0.14-13.6% % in 2023 and 1-25 % in 2022.                        in 2023, down from Rp52.97 billion a year earlier.

Meanwhile, in terms of micro, small and medium enterprises                 Other assets – net
(MSME) loans, Bank Mega reported that the ratio of                         Bank Mega’s other assets, which are included in the
MSME loans to total loans as of December 31, 2023 and                      financial assets’ category, are interest receivables, security
December 31, 2022 is 18.07% and 13.85%, respectively.                      deposits, rent receivables, and restricted assets, which
                                                                           are included in other assets. Cumulatively, this account
Bank Mega also distributes joint financing loans with related              reached Rp1.23 trillion in 2023 from Rp1.28 trillion last year.
parties, namely PT Mega Central Finance, PT Mega Auto
Finance and PT Mega Finance, which cumulatively stood                      Non-Financial Assets
at Rp10.42 trillion or more in 2023, compared to Rp9.24                    On a cumulative basis, Bank Mega’s non-financial assets
trillion in the previous year. Joint financing facilities with             reached Rp8.60 trillion, a decline of 1.64% yoy compared
the related parties are made on a without recourse basis.                  to the previous year’s Rp8.74 trillion. This decrease was
                                                                           largely due to the decline in fixed assets and right-of-use
Nevertheless, as at December 31, 2023 and December                         assets - net by 2.65% yoy to Rp6.20 tillion.
31, 2022, there were no any breach nor violation of Legal

                                                                                                         (Expressed in millions of Rupiah)


                                                                                                                  Changes
                         Description                                 2023                2022
                                                                                                         Nominal              (%)

 Fixed assets and right-of-use assets- net                             6,197,758           6,366,743          (168,985)           (2.65%)

 Other assets - net                                                    2,397,539           2,372,169            25,370              1.07%

 Non Financial Assets                                                  8,595,297           8,738,912         (143,615)           (1.64%)



Fixed assets and right-of-use assets – net                                 Financial Liabilities
Bank Mega’s assets and right-of-use assets – net decreased                 Cumulatively, financial liabilities amounted to Rp109.37
2.65% yoy to Rp6.20 trillion in 2023 from Rp6.37 trillion in               trillion or 9.11% yoy less than the previous year’s Rp120.33
the previous year. This decline is in line with an increase                billion. This decline is primarily due to the Bank’s customer
in the accumulated depreciation to Rp1.72 trillion in 2023                 deposits, which fell by 13.13% yoy from Rp102.95 trillion
from Rp1.47 trillion in the previous year.                                 in 2022 to Rp89.44 trillion in the following year.

Other assets – net
Bank Mega’s other assets, which are included in the
category of non-financial assets, are rent receivables,
advances, repossessed collateral, bills of sale of securities,
bills of credit card transactions, prepaid expenses, deferred
expenses, etc. Cumulatively, these accounts reach Rp2.40
trillion in 2023, higher than Rp2.37 trillion in 2022.




 152                             PT BANK MEGA Tbk          2023 Annual Report         Refocus in Business Strategy for Sustainable Growth
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                                                                              PT BANK MEGA Tbk               2023 Annual Report




                                                                                                    (Expressed in millions of Rupiah)


                                                                                                                Changes
                         Description                         2023                   2022
                                                                                                    Nominal                  (%)

 Liabilities due immediately                                    296,179                245,593                50,586               20.60%

 Deposits from customers                                      89,435,750            102,949,667       (13,513,917)                (13.13%)

 Deposits from other banks                                     3,872,596              1,546,696          2,325,900                150.38%

 Securities sold under repurchased agreements                 12,573,231             13,263,387          (690,156)                 (5.20%)

 Derivatives payable                                             18,931                 66,818               (47,887)             (71.67%)

 Fund Borrowings                                               2,909,228              1,856,213          1,053,015                 56.73%

 Acceptance payable                                                    -                53,031               (53,031)         (100.00%)

 Subordinated Bonds - net                                        50,000               50,000,00                     -               0.00%

 Other liabilities                                              214,178              302,814,00              (88,636)             (29.27%)

 Financial Liabilities                                       109,370,093        120,334,219          (10,964,126)                 (9.11%)



                                                                 Third-party funds composition in 2023
Liabilities due immediately
Bank Mega’s current liabilities increased by 20,60% yoy
to reach Rp296,18 billion in 2023 compared to Rp245.59                                                          11.32%
billion a year earlier. Obligations due immediately mainly
consist of clearing transactions or unsettled customers’
money transfer and deposit of tax payments which                                                                          17.51%
has not yet been transferred to the account of Kantor
Perbendaharaan dan Kas Negara (KPKN) in relation with
the Bank’s function as Collecting Bank.

Deposits from customers                                                    71.17%

The total customer deposits or third-party funds (DPK) of
Bank Mega dropped by 13,13% yoy to Rp89,44 trillion
in 2023. This decrease as compared to Rp102.95 trillion
                                                                               Giro        Saving deposits        Time deposits
in 2022 was mainly due to the lower amount of time
deposits collected by the Bank. Bank Mega’s time deposits                                  Source: Bank Mega
amounted to Rp63.65 trillion in 2023, down from Rp75.40
trillion in 2022. The contribution of time deposits to the
                                                                 Third-party funds composition in 2022
total savings of customers reached 73.24% or higher in
2022, compared to 71.17% in 2023. Thus, the CASA ratio
of the Bank reached 28.83% in 2023, higher than the                                                             12.45%
26.76% in 2022.

                                                                                                                          14.31%




                                                                           73.24%




                                                                               Giro        Saving deposits        Time deposits

                                                                                           Source: Bank Mega




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                                      Management Discussion and Analysis




Deposits from other banks                                                  Fund Borrowings
Bank Mega also recorded deposits from other banks                          Bank Mega’s fund borrowings raised by 56.73% yoy from
amounting to Rp3.87 trillion in 2023, 150.38% higher yoy                   Rp1.86 trillion in 2022 to Rp2.91 trillion in the following
from Rp1.55 trillion in the previous year. This increase was               year. This increase was mainly influenced by acquiring
mainly due to higher deposits from other banks in Rupiah                   the US Dollar denominated loans received from Bank
to Rp3.41 trillion in 2023, up 196.09% yoy from Rp1.15                     BCA and Citibank in 2023, which cumulatively reached
trillion in the previous year.                                             Rp1.45 trillion.

Bank Mega posted deposits from related parties to reach                    Acceptance payable
Rp1.19 trillion in 2023, up 110.10% yoy from Rp568.74                      Bank Mega reported an accepted debt amounting to
billion in the previous year. The outstanding balances of                  Rp53.03 billion in 2022. However, this account was no
deposits from related parties represents deposits from                     longer recorded in 2023.
PT Bank Mega Syariah, PT Bank Pembangunan Daerah
Sulawesi Utara dan Gorontalo, PT Bank Pembangunan                          Subordinated Bonds – net
Daerah Sulawesi Tengah and PT Allo Bank Indonesia Tbk.                     Bank Mega issued Rp50.00 billion subordinated 2020
                                                                           bonds with a 5-year maturity. The issuance of the
Securities sold under repurchased agreements                               subordinated bonds is to comply with the provisions
Securities sold under repo transactions fell by 5.20% from                 of POJK No.14/POJK.03 / 2017 dated April 4, 2017
Rp13.26 trillion in 2022 compared to Rp12.57 trillion in                   concerning the Recovery Plan Report for Systemic Bank.
2023. This is in line with the decline in Bank Mega’s repo                 The structure of this subordinated bond is explained in the
value in 2023, although the counterparties are more diverse                Financial and Operational Highlights of this Annual Report.
compared to the previous year. Bank Indonesia was the
only counterparty for Bank Mega’s repo transactions                        Other liabilities
in 2022.                                                                   Bank Mega’s other liabilities, which are a part of its financial
                                                                           liabilities, reached Rp214.18 billion in 2023 as compared to
Derivatives payable                                                        Rp302.81 billion in the previous year. This account consists
In line with the decrease in derivative assets, Bank Mega                  of interest payable and security deposit.
recorded lower derivative liabilities of Rp18.93 billion. In
the previous year, the derivative liabilities amounted to
Rp66.82 billion.


                                                                                                          (Expressed in millions of Rupiah)


                                                                                                                   Changes
                            Description                              2023                2022
                                                                                                          Nominal              (%)

 Income taxes payable                                                       59,596           143,076            (83,480)          (58.35%)

 Deferred tax liabilities - net                                            156,812            48,996            107,816           220.05%

 Post-employment benefits liability                                        277,530           241,747             35,783            14.80%

 Accrued expenses and other liabilities                                    430,117           348,731             81,386            23.34%

 Non Financial Liabilities                                                 924,055           782,550           141,505            18.08%




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                                                                             PT BANK MEGA Tbk         2023 Annual Report




Non-Financial Liabilities                                         Post-employment benefits liability
Cumulatively, non-financial liabilities raised by 18.08%          The post-employment benefit liability reached Rp277.53
yoy from Rp782.55 billion in 2022 to Rp924.06 billion the         billion in 2023. This account grew by 14.80% yoy as
following year. The decline is primarily due to deferred tax      compared to Rp241.75 billion in the previous year.
liabilities - net raising to Rp156.81 billion in 2023.
                                                                  Accrued expenses and other liabilities
Income taxes payable                                              This account consists of obligations on securities purchased,
The bank’s income tax liability stood at Rp59.60billion in        lease obligations, accrued expenses, etc. Cumulatively, the
2023, declining by 58.35% yoy. In the previous year, this         accounts included in the non-financial liabilities’ category
account amounted to Rp143.08 billion.                             reached Rp430.12 billion in 2023, lower than the previous
                                                                  year’s figure of Rp348.73 billion.
Deferred tax liabilities – net
Bank Mega recorded a deferred tax liability – net of
Rp156.81 billion in 2023. In the previous year, the bank’s
deferred tax liabilities were Rp49.00 billion.




       Statement of Profit or Loss and Other Comprehensive Income


                                                                                               (Expressed in millions of Rupiah)


                                                                                                        Changes
                         Description                           2023             2022
                                                                                               Nominal              (%)

 Interest income                                               10,217,532         9,069,057         1,148,475           12.66%

 Interest expense                                              (4,685,387)       (3,199,931)      (1,485,456)           46.42%

 Net Interest Income                                            5,532,145         5,869,126         (336,981)           (5.74%)

 Other Operating Income                                         2,288,030         2,497,278         (209,248)           (8.38%)

 Other Operating Expenses                                      (3,487,697)       (3,364,842)        (122,855)             3.65%

 Net Operating Income                                           4,332,478         5,001,562         (669,084)          (13.38%)

 Non-operating income (expenses) - net                             10,251            26,508          (16,257)          (61.33%)

 Income Before Income Tax                                       4,342,729         5,028,070         (685,341)          (13.63%)

 Income Tax Expenses                                            (832,059)         (975,392)          143,333           (14.69%)

 Net Income For The Year                                        3,510,670         4,052,678         (542,008)          (13.37%)

 Other comprehensive income                                       447,911           236,538          211,373            89.36%

 Total Comprehensive Income For The Year                        3,958,581         4,289,216         (330,635)           (7.71%)

 Basic/Diluted Earnings Per Share (Full Amount)                       299               345              (46)          (13.33%)




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                                    Management Discussion and Analysis




Interest income                                                          Interest expense
In spite of recording a slowdown in bank loans, Bank Mega                The composition of the bank’s DPK, which is dominated by
managed to increase interest income by 12.66% yoy to                     time deposits in the amount of 71.17% in 2023 and 73.24%
reach Rp10.22 trillion in 2023. Compared to the previous                 in 2022, has the effect of increasing interest expenses
year’s Rp9.07 trillion, this increase in interest income was             even though the amount of DPK has actually decreased.
influenced by the higher lending rates, which was in line                Cumulatively, Bank Mega recorded interest expense of
with the rising benchmark interest rate.                                 Rp4.68 trillion with a growth of 46.42% yoy. Of this amount,
                                                                         interest expense from term deposits reached Rp3.45 trillion
Interest income from loans makes the largest contribution,               in 2023. This is an increase of 55.36% yoy from Rp2.22
amounting to 75.35% in 2023 and 71.81% in 2022. Another                  trillion in the previous year.
double-digit contribution to interest income is provided by
securities, which amounts to 23.33% and 26.61% in 2023                   Net Interest Income
and 2022, respectively. The composition of Bank Mega’s                   The increase in interest expense, which was higher than
interest income is as follows:                                           the increase in interest income, caused the net interest
                                                                         income to decrease by 5.74% yoy to Rp5.53 trillion in 2023.
                                                                         In the previous year, the net interest income amounted
Interest income composition in 2023
                                                                         to Rp5.87 trillion.

                          1.28%     0.04%                                Other Operating Income
                                                                         Cumulatively, Bank Mega recorded total other operating
                                                                         income of Rp2.29 trillion in 2023, down 8.38% yoy from
           23.33%                                                        Rp2.50 trillion last year. The decrease in total other
                                                                         operating income was mainly influenced by fees and
                                                                         commissions, which dropped to Rp1.67 trillion in 2023
                                                                         from Rp1.92 trillion in the previous year. Meanwhile, gain
                                                                         on sale of securities - net of Bank Mega was up from
                                                                         Rp1470.74 billion in 2022 to Rp535.37 billion in 2023.

                                               75.35%                    Other Operating Expenses
                                                                         Cumulatively, Bank Mega’s other operating expenses
                                                                         increased by 3.65% yoy to Rp3.49 trillion from Rp3.36
   Loans            Securities      Placement with BI     Others
                                    and other banks                      trillion last year. This higher profile is mainly due to 7.70%
                                                                         yoy increase in salary expenses and other allowances. This
Source: Bank Mega
                                                                         operating expense component stood at Rp1.46 trillion
                                                                         in 2023.
Interest income composition in 2022
                                                                         Meanwhile, provision for impairment losses on financial
                          1.58%     0.00%                                and non-financial assets - net will reach Rp195.32 billion
                                                                         in 2023, 32.11% higher than last year’s Rp147.84 billion.
                                                                         This increased expense was influenced by the Bank’s rising
           26.61%                                                        NPL ratio from 1.23% in 2022 to 1.57% in 2023.




                                               71.81%



   Loans            Securities      Placement with BI     Others
                                    and other banks

Source: Bank Mega




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                                                                               PT BANK MEGA Tbk         2023 Annual Report




Net Operating Income                                                Net Income for The Year
Considering the achievement of net interest income, other           Bank Mega’s bottom line performance shows a 13.37%
operating income and other operating expenses explained             yoy decline in 2023. The bank’s profit for the year stood at
above, Bank Mega recorded net operating income of                   Rp3.51 trillion in 2023. This is compared to Rp4.05 trillion
Rp4.33 trillion in 2023. This income dropped by 13.38%              in the previous year.
yoy as compared to the previous year of Rp5.02 trillion
in 2022.                                                            Total Comprehensive Income for The Year
                                                                    Bank Mega posted a total comprehensive income for the
Income Before Income Tax                                            current year of Rp3.96 trillion in 2023. This includes other
Taking into account the net non-operating income of                 comprehensive income of Rp447.91 billion. This profile
Rp10.25 billion in 2023, the bank’s profit before tax reached       is higher than the previous year’s figure of Rp4.29 trillion.
Rp4.34 trillion in 2023. This figure is 13.63% lower yoy
compared to Rp5.03 trillion in the previous year.



       Statements of Cash Flows



Cash Flows from Operating Activities                                charges to Rp4.66 trillion compared to Rp3.13 trillion in
Bank Mega recorded net cash used in operating activities            the previous year. In addition, the Bank also recorded a
reaching Rp10.34 trillion in 2023. This was mainly influenced       significant reduction in the deposits from customers in
by higher payments of interest and other financing                  the form of term time deposits to Rp11.75 trillion in 2023.

                                                                                                 (Expressed in millions of Rupiah)


                                                                                                          Changes
                          Description                           2023              2022
                                                                                                 Nominal              (%)

 Net cash (used in)/ provided by operating activities           (10,338,799)       16,607,084      (26,945,883)        (162.26%)

 Net cash (used in)/ provided by investing activities             4,289,311       (13,443,463)      17,732,774         (131.91%)

 Net cash flows used in financing activities                     (1,787,532)       (1,239,405)        (548,127)           44.23%

 Net (Decrease)/ Increase in Cash and Cash Equivalents           (7,837,020)        1,924,216       (9,761,236)        (507.28%)

 Cash and Cash Equivalents at Beginning of The Year              19,516,551        17,592,335         1,924,216           10.94%

 Cash and Cash Equivalents at The End of The Year                11,679,531        19,516,551       (7,837,020)          (40.16%)



Cash Flows from Investing Activities                                Cash and Cash Equivalents at End of Year
Bank Mega recorded net cash provided by investing activity          Supported by the availability of cash and cash equivalents
of Rp4.29 trillion for 2023. This performance was influenced        at the beginning of the year in the amount of Rp19.52
by the proceeds from the sale of financial assets measured          trillion, Bank Mega managed to record cash and cash
at fair value through other comprehensive income in the             equivalents at the end of the year in the amount of
amount of Rp18.68 trillion in that year.                            Rp11.68 trillion.

Cash Flows from Financing Activities
Bank Mega recorded net cash used in financing activities
of Rp1.79 trillion. This was mainly due to the payment of
cash dividends of Rp2.84 trillion in 2023.




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                                      Management Discussion and Analysis




Key Financial Ratios

Bank Mega’s financial performance in 2023 is also assessed on the basis of the financial ratios in the table below:



                                                                                    2023                           2022
 Capital
 Capital Adequacy Ratio (CAR)                                                       26.17%                         25.41%

 Tier 1 ratio                                                                       25.40%                         24.64%

 Tier 2 ratio                                                                       0.76%                           0.77%

 CET 1 ratio                                                                        25.40%                         24.64%

 Earning Assets

 Non-Performing Earning Assets and Non-Productive Assets to Total                                                   1.13%
                                                                                    1.58%
 Earnings and Non Productive Assets
 Non-Performing Earning Assets to Total productive Assets                           0.99%                           0.78%

 Allowance for Impairment Losses for Financial Assets to Productive Assets          0.56%                           0.49%

 Non-Performing Loans (NPL) - Gross                                                 1.57%                           1.23%

 Non-Performing Loans (NPL) - Net                                                   1.18%                           0.91%

 III. Rentability

 Return On (ROA)                                                                    3.47%                           4.00%

 Return On Equity (ROE)                                                             17.62%                         23.15%

 Net Interest Margin (NIM)                                                          5.21%                           5.42%

 Operating Expense to Operating Income (BOPO)                                       65.36%                         56.76%

 Cost to Income Ratio (CIR)                                                         42.11%                         38.46%

 Liquidity

 1. Loan to Deposit ratio (LDR)                                                     74.03%                         68.04%

 Compliance

 1. a. Percentage of Violation of Legal Lending Limit

    a.1. Related Parties                                                            0.00%                           0.00%

    a.2. Third Parties                                                              0.00%                           0.00%

 b. Percentage of Excess of Legal Lending Limit

    b.1. Related Parties                                                            0.00%                           0.00%

    b.2. Third Parties                                                              0.00%                           0.00%

 GWM Primary Rupiah

 Daily                                                                              0.00%                           0.00%

 Average                                                                            6.88%                           7.85%

 GWM Foreign Currency                                                               4.05%                           4.03%

 Net Open Position                                                                  0.75%                           0.22%




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                                                                               PT BANK MEGA Tbk         2023 Annual Report




         Solvency and Receivables Collectibility


Ability to pay debts                                                accordance with the Regulations for Members of the Board
From an external perspective, Bank Mega’s ability to pay            of Governors (PADG), which have undergone several
its debts is reflected in the corporate rating assigned by          changes. The results of the calculation of the GWM ratio
Pefindo, which is idAA-/stable. An obligor rated idAA               are shown in the table above.
differs from the highest-rated obligors only to a small
degree, and has a very strong capacity to meet its long-            Ability to Pay Long-Term Debts (Bank Solvency)
term financial commitments relative to that of other                Bank Mega’s capital adequacy ratio or CAR stood at 26.7%
Indonesian obligors. The minus (-) sign indicates that the          in 2023, which is increased 0.76% than the previous year’s
rating is relatively weak within its category.                      CAR ratio of 25.41%. This ratio shows that the bank’s
                                                                    solvency is still good as it has exceeded the minimum
The credibility of this rating can be demonstrated, among           CAR ratio required by the regulator to cover credit risk,
other things, by Bank Mega’s ability to pay subordinated            market risk and operational risk.
bonds that have been due for payment on time.
                                                                    Bank Profitability
Ability to Pay Short-Term Debts (Bank Liquidity)                    Bank Mega uses Return on Assets (ROA), Return on Equity
Bank Mega uses the minimum statutory reserve (MSR)                  (ROE), Net Interest Margin (NIM), Operating Expense
ratio indicator to measure liquidity. Banks are required            to Operating Profit (BOPO) and Cost to Income Ratio
to maintain MSR in Rupiah currency in their commercial              (CIR) to determine the bank’s profitability level. The bank’s
banking activities and MSR in foreign currency in their             performance in terms of these ratios in 2023 can be seen
foreign currency transaction activities. As of December             in the table above.
31, 2023, and 2022, the Bank’s GWM was calculated in




         Credit Collectibility Level and Productive Asset Quality Analysis

Loans based on collectability                                                                   (Expressed in millions of Rupiah)


                                                                                                            Change
                                               2023               2022            2021
                                                                                                2023-2022          2022-2021

 Current                                        62,242,236        66,720,438       57,127,440       (4,478,202)        9,592,998

 Special Mention                                 3,020,302         2,732,233        2,935,255           288,069        (203,022)

 Substandard                                          79,162         136,160           55,989           (24,182)          80,171

 Doubtful                                          203,301           218,760          104,223           (10,314)        114,537

 Loss                                              759,717           503,766          517,987           255,951          (14,221)

 Total                                         66,304,718         70,311,357      60,740,894          4,006,639       9,570,463



Bank Mega consistently monitors credit quality in the               Bank is also considering the provision of loans to business
implementation of risk management. The Bank continuously            group debtors with a strong backbone to maintain the
improves the credit quality by diversifying the portfolio           level of credit quality. On the other hand, the Bank has
to sectors with better quality by considering the national          conducted and will continue training programs for all
sector GDP and Bank Mega’s internal sector credit quality           officers and officials regarding credit activities.
as well as the national sector credit quality. In addition, the




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                                Management Discussion and Analysis




Total loans in 2022 increased by Rp9.57 trillion from 2021,           increase in the NPL ratio in 2023 was due not only to a
but in 2023 it fell by Rp4 trillion, most of the decline was          hike in nominal NPLs but also to a decrease in total loans.
due to partial repayment of large debtors. The NPL ratio              Nevertheless, Bank Mega’s NPL ratio is still lower than the
experienced an upward trend from 1.12% in 2021 to                     national NPL ratio of 2.19% (OJK SPI data, latest position
1.23% in 2022 and then increased to 1.57% in 2023. The                as of Nov 23).


         Bank Mega Restructuring Portfolio as of December 2023

Loans based on collectability                                                                     (Expressed in millions of Rupiah)

                                                                                                              Change
                                              2023              2022                2021
                                                                                                   2023-2022         2022-2021

 Current                                        1,181,780            2,774,829        5,439,952        (1,593,049)       (2,665,123)

 Special Mention                                1,613,175            1,853,530        1,955,276          (240,355)        (101,745)

 Substandard                                       30,775               88,745           33,274           (22,198)           55,472

 Doubtful                                         107,386              142,926           55,083           (32,761)           87,843

 Loss                                             468,197              317,578          222,703           150,619            94,874

 Total                                         3,401,313             5,177,609        7,706,288      (1,776,2496)       (2,528,649)


There was a significant decline in the outstanding                    was not included in the targeted sectors in the recent
restructuring debtors, namely a decline of IDR 2.53                   COVID-19 stimulating regulations. Moreover, the Bank has
trillion in 2022 and a decline of IDR 1.78 trillion in 2023.          made efforts to monitor debtors, especially restructuring
The decline was dominated by the debtor sector which                  debtors closely.




 160                       PT BANK MEGA Tbk          2023 Annual Report          Refocus in Business Strategy for Sustainable Growth
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                                                                              PT BANK MEGA Tbk          2023 Annual Report




Prime Lending Rate

As a form of compliance with the OJK Circular Letter No.           The presentation of the prime lending rate shall be the
9/SEOJK.03/2020 on the Transparency and Publication                basis for the determination of the credit interest rate that
of the Reports of Conventional Commercial Banks, Bank              will be charged by the bank to the customer. However,
Mega discloses information on the Base Lending Rate                the Prime Lending Rate does not take into account the
(SBDK). Presenting information on the Base Lending Rate            estimated risk premium component, the amount of which
is the Bank’s fulfillment of its obligations as a conventional     depends on the Bank’s risk assessment for each borrower
commercial bank to report and publish the Prime Lending            or borrower group. Therefore, the lending rate charged
Rate in Rupiah.                                                    to borrowers is not necessarily the same as the prime
                                                                   lending rate.



                      Prime Rupiah Credit Interest Rate Based on Business Segment (Effective % per year)

 Tahun                                                                                            Consumer Credit
                Period             Corporate          Retail Credit     Micro Credit
                                    Credit
                                                                                            Mortgage          Non Mortgage

  2023    March 2023                  10.37%              10.64%                  -            10.65%               9.52%

          June 2023                   10.31%              10.58%                  -            10.63%               9.50%

          Sep 2023                    10.29%              10.56%                  -            10.60%               9.50%

          Dec 2023                    10.29%              10.56%                  -            10.62%               9.53%

  2022    Dec 2022                    10.28%              10.69%                  -            10.71%               9.59%




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                               Management Discussion and Analysis




Structure and Management Policy
on Capital Structure
Basis for Determining Management Policy on Capital                  for Commercial Banks, the Bank then must prepare a
Structure                                                           Report on the Calculation of RWA for Market Risk using
In capital management, the Bank is required to maintain             the standardized approach or a simplified standardized
and strengthen the capital position that supports business          approach. The Bank will also submit a trial run of the
growth and maintains the confidence of investors, stake             Report on the Calculation of RWA for Market Risk for the
holders, customers and the market as reflected in the               end of June 2023, September 2023, and December 2023
implementation of POJK No. 11/POJK.03/2016 regarding                positions. Furthermore, this Report on the Calculation of
Minimum Capital Adequacy Requirement for Commercial                 RWA for Market Risk must be submitted for the first time
Banks. The Bank has taken into account on this regulation in        at the end of January 2024 for individual banks and at the
evaluating and managing its capital adequacy. The Bank’s            end of March 2024 for consolidated banks.
implementation of this regulation is proof of the Bank’s
commitment to maintain a strong and resilient capital               In the calculation of RWA for credit risk, the preparation and
structure, in accordance with regulatory requirements and           calculation of RWA refers to SEOJK No.42/SEOJK.03/2016
industry best practices.                                            on the Guidelines for the Calculation of Risk-Weighted
                                                                    Assets for Credit Risk using the Standardized Approach
Capital Structure Policy                                            as amended by SEOJK No.11/SEOJK.03/2018 on the
In the context of calculating capital adequacy, Bank is             Amendment to SEOJK No.42/SEOJK.03/2016. Effective
required to calculate Risk-Weighted Assets (RWA) for                from January 2023, the preparation and calculation
Operational, Market, and Credit risks as a component in             of credit RWA will change and refer to SEOJK No.24/
the calculation of Capital Adequacy Ratio (CAR). In order           SEOJK.03/2021 on the Calculation of Risk Weighted Assets
to calculate the capital charge and RWA for operational             for Credit Risk using the Standardized Approach which has
risk, Bank currently applies the Standard Approach (SA) in          adopted Basel 3 reforms.
accordance with SEOJK No. 6/SEOJK.03/2020.
                                                                    The Bank’s obligation in providing minimum capital
Furthermore, Bank has also conducted 2 trial runs for               according to risk profile as regulated in POJK No. 11/
the calculation of operational risk capital charge using            POJK.03/2016 is as follows:
the Standardized Approach (SA) in accordance with the               a. 8% of the RWA for Bank with a risk profile rating of 1;
provisions of SEOJK No. 06/SEOJK/03/2020 on the                     b. 9% until less than 10% of the RWA for bank with a risk
Calculation of Risk Weighted Assets (RWA) for Operational              profile rating of 2;
Risk using the Standardized Approach, has been effectively          c. 10% until less than 11% of the RWA for bank with a
applied since January 2023.                                            risk profile rating of 3;
                                                                    d. 11% until 14% of RWA for bank with risk profile ratings
For the calculation of RWA for market risk, Bank uses                  of 4 or 5.
the Standard Method, which refers to SEOJK No.38/
SEOJK.03/2016 on the Guidelines for the Use of the                  Capital Structure
Standard Method in the Calculation of Minimum Capital               Based on POJK Regulation Number 11/POJK.03/2016,
Requirements for Commercial Banks with Consideration                the Bank divides its capital into two parts:
of Market Risk.                                                     • Tier 1 capital which includes primary core capital
                                                                        (Common Equity Tier 1) and additional core capital
With the issuance of SEOJK No.23/SEOJK.03/2022 on                       (Additional Tier 1).
the Calculation of Risk-Weighted Assets for Market Risk             • Tier 2 capital




 162                       PT BANK MEGA Tbk         2023 Annual Report        Refocus in Business Strategy for Sustainable Growth
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                                                                                                     PT BANK MEGA Tbk          2023 Annual Report




A more complete explanation of Bank Mega’s capital structure is given in the following table:


Bank Mega Capital Structure Table 2022-2023                                                                             (Expressed in millions of Rupiah)



                                                 Capital                                                           2023                   2022
 Core Capital                                                                                                   20,998,407              19,948,673

 Supplementary Capital                                                                                            630,805                  623,096

 Total capital for Credit Risk, Operational Risk, and Market Risk                                               21,629,212              20,571,769

 Credit Risk - Weighted Assets                                                                                  72,908,025              67,135,848

 Operational Risk - Weighted Assets                                                                              8,384,243              12,972,988

 Market Risk - Weighted Assets                                                                                   1,368,863                 843,854

 Total Risk Weighted Assets for Credit Risk, Operational Risk, and Market Risk                                  82,661,131              80,952,690



Capital Adequacy Ratio Table


                                                 Capital                                                          2023                    2022
 Rasio CET 1                                                                                                       25.40%                 24.64%

 Rasio Tier 1                                                                                                      25.40%                 24.64%

 Rasio Tier 2                                                                                                       0.76%                   0.77%

 Rasio KPMM                                                                                                        26.17%                 25.41%

 CAR Sesuai Profil Risiko                                                                                          10.00%                 10.00%




Commercial Bank Capital Structure Quantitative Disclosure Table
                                                                                                                        (Expressed in millions of Rupiah)

                                                 Capital                                                        31-Dec-23              31-Dec-22
 I. Core Capital (Tier 1)                                                                                       20,998,407             19,948,673

 1. Common Equity Tier 1 (CET 1)                                                                                20,998,407             19,948,673

 1.1 Paid-in capital (net of Treasury Stock)                                                                     5,870,462              5,870,462

 1.2 Disclosed Reserves                                                                                         15,159,884             14,108,994

 1.2.1 Additional Factor

 1.2.1.1 Other comprehensive income

 1.2.1.1.1 Excess differences arising from translation of financial statement                                                                    -

 1.2.1.1.2 Potential gain of the increase in the fair value of financial assets available for sale                140,897                        -

 1.2.1.1.3 Surplus of fixed assets revaluat                                                                      3,309,118              3,584,877

 1.2.1.2 Other disclosed reserves

 1.2.1.2.1 Agio                                                                                                  6,347,491              6,347,491

 1.2.1.2.2 General reserves                                                                                          1,716                  1,639

 1.2.1.2.3 Previous year profit                                                                                  2,711,026              1,219,484

 1.2.1.2.4 Current year profit                                                                                   3,510,670              4,052,678

 1.2.1.2.5 Funds for paid-in capital                                                                                       -                     -

 1.2.1.2.6 Merging Entities Equity**)                                                                                      -                     -

 1.2.1.2.7 Others                                                                                                          -                     -




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                                       Management Discussion and Analysis




                                               Capital                                                     31-Dec-23            31-Dec-22
1.2.2 Faktor Pengurang

1.2.2 Deduction Factor

1.2.2.1 Other comprehensive income                                                                                   -                    -

1.2.2.1.1 Negative differences arising from translation of financial statement                                       -            (354,703)

1.2.2.2 Other disclosed reserves

1.2.2.2.1 Disagio                                                                                                    -                    -

1.2.2.2.2 Previous year loss                                                                                         -                    -

1.2.2.2.3 Current year loss                                                                                          -                    -

1.2.2.2.4 Negative difference in allowance for possible losses and allowance for impairment on               (552,327)            (535,517)
earning assets
1.2.2.2.5 Negative difference in adjusment amounts from fair value of financial assets in trading                    -                    -
book
1.2.2.2.6 Required allowance for non earning asset                                                           (308,707)            (206,955)

1.2.2.2.7 Others                                                                                                     -                    -

1.3 Non controlling interest

1.4 Deduction Factor of CET 1                                                                                 (31,939)             (30,783)

1.4.1 Deferred tax calculation                                                                                       -                    -

1.4.2 Goodwill                                                                                                       -                    -

1.4.3 Other intangible assets                                                                                 (31,939)             (30,783)

1.4.4 Investments in share                                                                                           -                    -

1.4.5 Shortfall of capital on insurance subsidiaries                                                                 -                    -

1.4.6 Securitisation exposure                                                                                        -                    -

1.4.7 Other deduction of CET 1                                                                                       -                    -

1.4.7.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank                                             -                    -

1.4.7.2 Cross-ownership in another entity acquired by the transition due to law,                                     -                    -
grants, or grants will
1.4.7.3 Exposures that give rise to credit risk due the settlement risk (settlement risk) - Non Delivery             -                    -
Versus Payment
1.4.7.4 Exposures in Subsidiaries that do business activity based on sharia principles (if available)                -                    -

2. Additional Tier 1 (AT 1)

2.1 Instrument which comply with AT 1 requirements                                                                   -                    -

2.2 Agio/Disagio                                                                                                     -                    -

2.3 Deduction factor of AT 1                                                                                         -                    -

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

2.3.2 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will                -                    -

II Supplemental Capital (Tier 2)                                                                              630,805              623,096

1. Capital Instrument in the form of Stock or others which comply with Tier 2 Requirements                     14,167               24,167

2. Agio/Disagio                                                                                                      -                    -

3. General provisIon on earning assets (max. 1.25% credit risk - weighted assets)                             616,638              598,929

4. Deduction supplemental capital                                                                                    -                    -

4.1 Sinking Fund                                                                                                     -                    -

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

4.3 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will                  -                    -

III. TOTAL CORE AND SUPPLEMENTAL CAPITAL                                                                   21,629,212           20,571,769




164                              PT BANK MEGA Tbk              2023 Annual Report             Refocus in Business Strategy for Sustainable Growth
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                                                                         PT BANK MEGA Tbk       2023 Annual Report




Material Commitments for
Capital Expenditures

Bank Mega has no material commitments for investments         3. Sources of funds available to meet the obligation;
in capital goods in the financial year 2023. Therefore,       4. The currency denomination of the obligation; and
the Bank does not present information on this matter,         5. The steps the bank intends to take to hedge the risks
including:                                                       of the relevant foreign currency positions.
1. The name of the party issuing the commitments;
2. The purpose of the commitment;




Realization of Capital Expenditures

Capital Expenditures                                          Capital Expenditures Objective
Bank Mega annually conducts capital expenditures, which       Bank Mega pursues investment in fixed assets to support
is the activity of spending funds to acquire a number         and enhance the overall operations of the Bank.
of assets or investments that are expected to provide
future value.

Types and Value of Capital Expenditures
The following table shows the types and value of
investment in fixed assets:


Table of types and value of capital goods investment                                        (Expressed in millions of Rupiah)


                                                                                 Capital Goods Investment Value
                                  Types of Capex
                                                                                      2023                    2022

 Land                                                                                   9,003                 13,900

 Building                                                                                400                 185,154

 Office equipment                                                                      68,708                 53,761

 Furniture and fixtures                                                                 4,080                  5,914

 Vehicle                                                                                2,477                  5,630

 Building improvements                                                                  5,954                  4,978

 Construction in progress                                                              19,522                 14,393

 Right of use of assets                                                                36,763                 35,290

 Total                                                                                146,907               319,020




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                                   Management Discussion and Analysis




Material Information and Material
Information Subsequent Events
The Bank reported there was no material fact and information happened after accounting report date.



Dividend Policy and Its Distribution
Dividend Policy                                                          2. cash dividends are given at least 20% (twenty percent)
The Dividend Policy is based on the Bank’s Articles of                      of the net profit for the financial year at the GMS, which
Association, taking into account the IPO Prospectus                         can be distributed as cash dividends unless the General
issued by the Bank, as well as the provisions of the OJK as                 Meeting of Shareholders (GMS) decides otherwise.
regulated by POJK No. 17 of 2023 on the Implementation                   3. The dividend distribution plan is based on fulfilling
of Commercial Bank Governance.                                              shareholder rights by prioritizing the interests of the
                                                                            Bank and is included in the Bank Business Plan (RBB).
The Bank has and is implementing a Dividend Policy                       4. If the GMS approves the distribution of cash dividends,
by Decree Number 128/DIRBM/23 to ensure the                                 the Bank is obliged to pay cash dividends to entitled
implementation of sound Corporate Governance principles                     shareholders no later than 30 (thirty) calendar days
regarding dividend distribution. The Dividend Policy                        after the announcement/publishing of the summary
regulates, among other things:                                              of the GMS Minutes and ensure equal treatment
                                                                            to all entitled Shareholders by the procedures by
1. The dividend distribution proposal is decided at a Joint                 applicable regulations.
   Meeting of the Board of Commissioners and Directors


The chronology of the payment of dividends for 2023 and 2022 is as follows:


                                                                  2023                                          2022

 Legal Basis                                  AGMS Resolution dated February 24, 2023       AGMS Resolution dated February 25, 2022

 Fiscal Year                                  2022 audited financial report                 2021 audited financial report

 Infome for the year                          4,052,678                                     4,008,051

 Dividends (Rp Million)                       2,836,818                                     2,800,000

 Dividend per share (Rp)                      241.618                                       402.081

 Dividend Pay Out Ratio                       69.99%                                        69.82%

 Cash dividend announcement date              February 24, 2023                             February 25, 2022

 Cash dividend payment date                   March 28, 2023                                March 23, 2022




Information About Employee and/or Management Share
Ownership Program (ESOP/MSOP)

As of December 31, 2023, Bank Mega has not yet implemented an employee and/or management share-based program.
As a result, the Company does not provide any information regarding the number of ESOP/MSOP shares and their
realization, the time period, the requirements for eligible employees and/or management, and the exercise price.




 166                          PT BANK MEGA Tbk            2023 Annual Report       Refocus in Business Strategy for Sustainable Growth
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                                                                          PT BANK MEGA Tbk       2023 Annual Report




Information Regarding the Realization of
the Use of Public Offering Proceeds
The Bank did not conduct a public offering of either shares or bonds throughout 2023. Therefore, the Company did not
disclose information regarding the total proceeds; plan for the use of proceeds; details of the use of proceeds; proceeds
balance; and the date of approval of the GMS/RUPO for changes in the use of funds (if any).




Material Information Regarding Investment, Expansion,
Divestment, Business Merger, Acquisition, and/or Debt/
Capital Restructuring

As of December 31, 2023, Bank Mega has not made any investments, expansions, dispositions, acquisitions or restructurings
of debt and capital. Accordingly, the Company does not provide information in this regard.




Material Information on Transactions that Contain
Conflict of Interest and/or Transactions with Affiliated
Parties/Related Parties

Material Transactions Containing Conflicts Interest            Transactions with related parties are made on terms agreed
During 2023, there will be no material transactions            by both parties, where such requirements may not be the
containing a conflict of interest.                             same as other transactions undertaken with third parties.
                                                               Material transactions and balances with related parties
Transactions with Affiliates                                   are disclosed in the notes to the financial statements and
In the normal course of its business, the Bank enters into     the relevant details have been presented in Note 39 of
transactions with related parties which are defined under      the financial statements as attached in this annual report.
SFAS No. 7 regarding “Related Party Disclosures”.




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                                     Management Discussion and Analysis




Transactions with Affiliated Parties/Related Parties


                                                                           Total (Million)                    Percentage (%)
                          Description
                                                                     2023                2022              2023              2022

Current accounts with other banks

PT Bank Pembangunan Daerah Sulawesi Utara dan Gorontalo                        100                100        0.00008%          0.00007%

PT Bank Pembangunan Daerah Sulawesi Tengah                                       4                  1        0.00000%          0.00000%

Securities

PT Bank Pembangunan Daerah Sulawesi Utara dan Gorontalo                    198,288            192,200        0.15020%           0.1356%

Loans

PT Trans Kalla Makassar                                                    550,000            521,144        0.41651%          0.36765%

PT Duta Visual Nusantara TV 7                                              124,696            124,696        0.09443%          0.08797%

PT Trans Retail Indonesia                                                   57,408            121,262        0.04347%          0.08555%

PT Trans Burger                                                              8,501              9,757        0.00644%          0.00688%

PT Trans Coffee                                                              4,984              5,000        0.00377%          0.00353%

PT Trans Entertainment                                                     500,000                           0.37865%

Komisaris dan Direksi Perusahaan berelasi dibawah Rp1 miliar                51,070             54,315        0.03867%          0.03832%

Direksi dan Karyawan kunci                                                   5,935              6,440        0.00449%          0.00454%

Others below Rp1 billion                                                    15,998             15,836        0.01212%          0.01117%

Other assets

PT Duta Visual Nusantara TV 7                                                3,138              3,980        0.00238%          0.00281%

PT Bank Pembangunan Daerah Sulawesi Utara dan Gorontalo                      1,071              1,083        0.00081%          0.00076%

PT Trans Retail Indonesia                                                    1,237              1,039        0.00094%          0.00073%

PT Para Bandung Propertindo                                                  2,045              1,037        0.00155%          0.00073%

PT Trans Entertainment                                                       1,659                           0.00126%

Others below Rp1 billion                                                     6,601              6,709        0.00500%          0.00473%

Securities Transactions

Purchase                                                                  3,731,813                  -        724000%                  -

Sale                                                                      7,304,962                  -       1309000%                  -

Current accounts                                                           482,783            470,942        0.43770%             0.39%

Saving deposits                                                            113,643            145,624        0.10300%             0.12%

Time deposits                                                             1,717,317          1,827,590        155700%             1.51%

Deposits from other banks                                                 1,202,082           568,738         108990%             0.47%

Subordinated bond                                                           48,000             38,000        0.04350%             0.03%

Accrued expenses and other liabilities                                       4,703              5,547        0.00430%             0.01%

Interest income                                                            101,022             82,508        0.98870%             0.91%

Beban bunga                                                                 46,167             69,702        0.98530%             2.18%




168                             PT BANK MEGA Tbk           2023 Annual Report         Refocus in Business Strategy for Sustainable Growth
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                                                                          PT BANK MEGA Tbk        2023 Annual Report




                                                               Total (Million)                   Percentage (%)
                          Description
                                                           2023             2022             2023             2022

 Employee health insurance expenses

 PT Asuransi Umum Mega                                         23,386            19,464         1.59810%           1.43%

 PT PFI Mega Life Insurance                                       2,436            1,900        0.16650%           0.14%

 Advertising expenses

 PT Televisi Transformasi Indonesia                            96,443            87,572         5.34130%           4.74%

 PT Trans Digital Media                                           3,917          14,143         0.21690%           0.77%

 PT Duta Visual Nusantara TV 7                                    4,662            6,947        0.25820%           0.38%

 PT Trans News Corpora                                            1,229            1,159        0.06810%           0.06%

 Others below Rp1 billion                                          367              949         0.02030%           0.05%

 Rent income

 PT Allo Bank Indonesia Tbk                                       9,776          11,705         23.24850%         24.97%

 PT Duta Visual Nusantara TV 7                                    8,425            8,425        20.03570%         17.97%

 PT Bank Mega Syariah                                             5,040            4,721        11.98570%         10.07%

 PT Asuransi Umum Mega                                            4,106            4,432         9.76460%          9.45%

 PT Mega Capital Sekuritas                                        2,628            2,900         6.24970%          6.19%

 Others below Rp1 billion                                         3,125            4,842         7.43160%         10.33%

 Commitment liabilities - net

 PT Trans Retail Indonesia                                        1,760            2,348         0.02740%          0.05%

 Contingent liabilities - net

 PT Trans Retail Indonesia                                     82,200            63,500         22.59955%         11.35%

 PT Trans Fashion Indonesia                                    41,419            59,439         11.38748%         10.62%

 PT Alfa Retailindo                                               5,477            5,537         1.50581%          0.99%

 Others below Rp1 billion                                          631             1,553         0.17348%          0.28%




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                                 Management Discussion and Analysis




Participation Credit (Selldown)
As of date. 12/31/23


                                                                                                  Bank Mega
 No Rek Bank                 Debitur                        Facility
    Mega
                                                                             Qcy        Plafond              Outstanding

18020053856345   PT. Batam Indo Agri Perkasa         Term Loan 1             IDR    1,039,999,900,000.00      953,299,900,000.00


18020051732095   PT. Indah Kiat Pulp & Paper         Demand Loan 1           IDR      905,000,000,000.00      905,000,000,000.00


18020050177766   PT. Pabrik Kertas Tjiwi Kimia       Demand Loan             IDR      500,000,000,000.00      500,000,000,000.00

18020050180220   PT. OKI Pulp & Paper                Demand Loan             IDR      907,500,000,000.00      907,500,000,000.00



0                PT. Amman Mineral Nusa Tenggara     Term Loan               USD                    0,00                    0,00

18022050006280   PT. Amman Mineral Nusa Tenggara     Fixed Loan 1            USD           63,920,000.00           63,760,000.00

18022050006296   PT. Amman Mineral Nusa Tenggara     Fixed Loan 2            USD           11,985,000.00           11,955,000.00




Club Deal Credit
As of date. 12/31/23


                                                                                                   Bank Mega
                             Debitur                        Facility
                                                                             Qcy        Plafond              Outstanding

18020053857070   PT. Bintani Megah Indah             Term Loan 1             IDR       49,100,652,032.12       47,750,652,032.12


18022050006207   PT. Dirgantara Karya Cipta          Term Loan               USD           65,000,000.00           48,750,005.00

18020053859833   PT. Karya Mandiri Digdaya Maju      Term Loan               IDR    2,293,431,932,750.00     1,597,211,425,250.00




18020053859849   PT. Kinerja Prima Makmur Sentosa    Term Loan               IDR    1,565,097,921,625.00     1,114,137,504,964.00

                                                     Term Loan

18020053856595   PT. Kalimantan Sanggar Pusaka       Term Loan - Tranche 1   IDR       44,804,892,560.40       41,668,550,080.40


18020053856580   PT. Cipta Sinar Indah               Term Loan               IDR      822,531,763,902.09      764,954,540,426.09

18022050006184   PT. Madya Pratama Surya Cemerlang   Term Loan               USD           66,700,000.00           46,689,994.00


18022050006190   PT. Adyatama Cipta Cemerlang        Term Loan               USD           62,000,000.00           46,500,000.05

18020053858425   PT. Muara Data Sentosa              Term Loan               IDR       79,287,000,000.00       63,429,600,000.00

18022050006137   PT. Cakra Wisesa Karya Makmur       Term Loan               USD          124,000,000.00           84,733,327.00


18020053860147   PT. Tamaris Prima Energi            Term Loan 3             IDR       18,006,556,435.68       16,881,556,435.68


18020053857001   PT. Trans Kalla Makassar            Term Loan - Tranche A   IDR       50,000,000,000.00       50,000,000,000.00

18020053856990   PT. Trans Kalla Makassar            Term Loan - Tranche B   IDR      500,000,000,000.00      500,000,000,000.00




170                        PT BANK MEGA Tbk           2023 Annual Report      Refocus in Business Strategy for Sustainable Growth
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                                                                            PT BANK MEGA Tbk            2023 Annual Report




                      Allo Bank                              Bank Mega Syariah
                                                                                                           Information
  Qcy         Plafond          Outstanding       Qcy     Plafond            Outstanding

   IDR     250,000,000,000     229,200,000,000                         -                    -    Selldown to Allo Bank in June 2021
                                                                                                 Rp250 bio

   IDR     250,000,000,000     250,000,000,000   IDR     375,000,000,000      374,999,000,000    Selldown to Allo Bank in July 2021
                                                                                                 Rp250 bio

                                                 IDR     200,000,000,000      200,000,000,000    Sub Participation with BMS in 2017

   IDR     840,000,000,000     693,000,000,000            85,000,000,000                    -    Subparticipated to BMS Rp. 85 bio

   IDR     360,000,000,000     306,000,000,000

                                                 USD           3,995,000            3,985,000    So Bilateral from Liberty to Pertiwi

                                                 USD           3,995,000            3,985,000

                                                 USD           3,995,000            3,985,000




                      Allo Bank                               Bank Mega Syariah
                                                                                                           Information
  Qcy         Plafond          Outstanding       Qcy      Plafond           Outstanding

   IDR      500,000,000,000    477,356,520,321                                                   Club Deal fas. TL with Allo Bank in
                                                                                                 Mar’22

   IDR      733,329,000,000    549,996,750,000   USD                                             Club Deal in Mar’22

   IDR      746,562,000,000    485,265,300,000   USD                                             The initial provision of facilities at
                                                                                                 Allo Bank was a club deal, then on
                                                                                                 03/22/2022 a selldown was carried
                                                                                                 out o/s Bank Mega to Allo Bank Rp.
                                                                                                 500M

   IDR      179,249,456,000    125,474,619,200   USD                                             Club Deal in Dec’21

             66,297,744,000     46,408,420,800

   IDR       80,000,000,000     74,400,000,000   IDR   350,000,000,000,00   325,500,000,000.00   Club Deal with BMS and Allo fas. TL
                                                                                                 1 month Sept’21

   IDR      170,000,000,000    158,100,000,000                                                   Club Deal with Allo in Sept’21

   IDR      554,637,600,000    443,710,080,000   IDR                                             Club Deal with Allo and BMS in
                                                                                                 Jun’22

   IDR      589,375,000,000    442,031,250,000                                                   Club deal with Allo in Mar’22

   IDR     1,167,502,000,000   934,001,600,000   IDR                                             Club deal with All and BMS in June 22

   IDR      246,734,000,000    168,601,566,667   USD                                             Club Deal with BMS and Allo in
                                                                                                 Nov’21

   IDR      150,000,000,000     37,237,823,511                                                   Club Deal with Allo Bank on
                                                                                                 September 22

   IDR      100,000,000,000    100,000,000,000                                                   Club deal with Allo in Feb’22

   IDR      150,000,000,000    150,000,000,000




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                                  Management Discussion and Analysis




Changes in Laws and Regulations That Have
a Significant Effect on the Company

Regulatory changes that are expected to affect Bank Mega in 2023 are as follows:

       Type of Regulation                             About                                            Impact on Bank Mega

 Otoritas Jasa Keuangan

 POJK No. 17 Tahun 2023           Implementation of Covernance for Commercial           The Bank has updated and/or adjusted 7 related internal
                                  Banks                                                 policies and is in the process of updating 2 other related
                                                                                        internal policies.

 SEOJK No. 16/SEOJK.03/2023​      Capital calculation for banks’ exposures to central   The Bank is still assessing the the overall operational impact
                                  counterparties                                        of these regulations.

 SEOJK No. 17/SEOJK.03/2023       Margin Requirements for Derivative Transactions       The Bank is still assessing the the overall operational impact
                                  that are not cleared through the Institution          of these regulations.
                                  Central Counterparty.

 Bank Indonesia

 PBI No. 4 Tahun 2023             Short Term Liquidity Loans for Conventional           The Bank has updated and adjusted operational policies to
                                  Commercial Banks                                      ensure compliance with these regulations.

 PBI No. 7 Tahun 2023             Foreign Exchange Proceeds from Exports and            The Bank has updated and adjusted operational policies to
                                  foreign exchange from Import Payments                 ensure compliance with these regulations.

 PBI No. 6 Tahun 2023             Money Market and Foreign Exchange Market              The Bank has updated and adjusted operational policies to
                                                                                        ensure compliance with these regulations.

 PBI No. 10 Tahun 2023            Amendments to Bank Indonesia Regulation               The Bank has updated and adjusted operational policies to
                                  No. 4 of 2023 on Short-Term Liquidity Loans for       ensure compliance with these regulations.
                                  Conventional Commercial Banks

 PBI No. 11 Tahun 2023            Macroprudential Liquidity Incentive Policy            The Bank has updated and adjusted operational policies to
                                                                                        ensure compliance with these regulations.

 PBI No. 12 Tahun 2023            Issuance of Money Market Instruments and Money        The company has updated and adjusted operational policies
                                  Market Transactions                                   to ensure compliance with these regulations.




Changes in Accounting Policies
and Their Impact on the Company
The following are amendments and improvements to                            •    Amendments to PSAK 25: Accounting Policies,
standards which effective for periods beginning on or                            Changes in Accounting Estimates and Errors regarding
after January 1, 2023, with early adoption is permitted,                         Definition of Accounting Estimates;
are as follows:                                                             •    Amendment to PSAK 46: Income Tax regarding Asset-
• Amendments to PSAK 1: Presentation of Financial                                Related Deferred Tax and Liabilities Arising from a
    Statements regarding Disclosure of Accounting Policies;                      Single Transaction; and
• Amendments to PSAK 1: Presentation of Financial                           •    Revised PSAK 107: Accounting for Ijara.
    Statements regarding Classification of Liabilities as
    Current orNon-Current;                                                  The implementation of the above standards had no
• Amendments to PSAK 16: Fixed Assets Related to                            material effect on the amounts reported for the current
    Proceeds Before Intended Use;                                           period or prior financial period.




 172                           PT BANK MEGA Tbk           2023 Annual Report              Refocus in Business Strategy for Sustainable Growth
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                                                                            PT BANK MEGA Tbk         2023 Annual Report




Target, Actual, and Projection

The comparison between the Company’s targets and actuals for 2023 and projections for 2024 is as follows:

                                                                                               (Expressed in millions of Rupiah)


                                                 2023                                           2024
         Description
                                    Target                  Actual                              Target

 Total Assets                       144.88                  132.05                              149.92

 Loans                               75.70                   66.29                                 82.25

 TPF                                108.95                   89.44                              116.37

 Current Accounts                    13.77                   10.13                                 15.03

 Saving deposits                     16.05                   15.66                                 19.17

 Time deposits                       79.13                   63.65                                 82.17

 Income Before Tax Expense            5.54                   10.22                                 11.25

 Income For The Year                  4.46                    3.51                                  6.05

 Capital Structure

 CAR                                 26.81                   26.17                                 25.48




Business Strategy of the Bank                                    •   Growth in credit cards through acquisition growth with
The Bank’s business development strategy is based on the             good and healthy quality, growth in loans outstanding,
development of reliable human resources, transformation              digital transformation and increased fee-based income
of information technology systems to support the                 •   Sustained growth in treasury services, including by
development of digital banking, improvement of business              investing the Bank’s excess liquidity in assets with
processes and strong synergy within the CT Corpora Group             relatively lower risk such as government bonds and also
to develop retail business,with a focus on each business             placement with Bank Indonesia; managing the funding
segment as follows:                                                  gap between assets and liabilities; and ensuring that
• Loan disbursement by increasing volume, increasing                 the Bank’s liquidity stability is well maintained.
    fee-based income and improving credit quality
• Growth in Third Party Funds (TPF) through acquisitions
    and onboarding; increase in low-cost funds and number
    of transactions; and optimization of wealth products
    for affluent clients.




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                                       Management Discussion and Analysis




Business Prospect

The Indonesian government said that Indonesia’s economic                    rise in inflation, which will have an impact on consumption
outlook will grow by 5.05 percent in 2023, lower than                       growth. The Ministry of Finance’s baseline assumptions for
the initial estimate of 5.3 percent. This is in line with the               the 2023 economic outlook and 2024 RAPBN are:
slowdown in the world economy and the challenge of the



                                     Indicators                                         Outlook 2023               RAPBN 2024

 Economic Growth (%,yoy)                                                                     5.05                         5.2

 Inflation (%,yoy)                                                                            3.1                         2.8

 Exchange Rate (Rp/US$)                                                                    15,100                     15,000

 10 Year SUN Interest Rate (%)                                                                6.8                         6.7

 Indonesian Crude Oil Price (US$/barrel)                                                       78                         80

 Crude Oil Lifting (thousands of barrels per day)                                             614                        625

 Gas Lifting (thousand barrels of oil equivalent per day)                                     985                      1,033



Meanwhile, Bank Indonesia expects Indonesia’s economy                       technology that is increasingly influencing the business
to continue growing well and resilient to global spillover                  model of the banking industry, the Bank is also transforming
effects. According to Bank Indonesia, the continued good                    its business model to a digital ecosystem so that the Bank
economic growth is also reflected in the performance of                     can become a one-stop banking solution for its customers.
key economic sectors such as manufacturing, mining,
construction, and related services including transportation                 To achieve the above objectives, the strategic steps that
and storage, accommodation and food services, and                           will be taken include:
information and telecommunication.                                          • Synergies with companies in the CT Corpora to increase
                                                                                 business volumes, create new business opportunities
Based on these developments, Bank Indonesia estimates                            and increase the number of branch networks in a
that economic growth will reach the range of 4.5 - 5.3%                          planned manner.
in 2023 and will increase to 4.7 - 5.5% in 2024.                            • Leveraging appropriate ecosystems and synergies
                                                                                 to create new products and services that benefit
In line with Indonesia’s economic outlook, the Bank’s                            customers and the Bank.
policy direction is to transform from a mid-sized bank                      • Transform information technology to support the
to a large bank based on the reliability of the ecosystem                        development of retail and digital banking businesses,
that combines financial services and retail transactions. In                     mitigate operational risks, and increase efficiency of
addition, in connection with the development of digital                          operating costs




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                                                                           PT BANK MEGA Tbk         2023 Annual Report




Information on Business Continuity

Matters that may have a significant impact on business          In this regard, the Board of Commissioners and the Board
continuity                                                      of Directors have an active role in the management of the
In line with estimates that the Indonesian economy will         bank’s internal strength, which has an important influence
continue to grow well and be able to withstand the impact       on Bank Mega’s business continuity. This active role can
of global spillovers as reflected in the performance of         be seen in the preparation and implementation of the
various business sectors that are still well sustained, Bank    bank’s strategy, in addition to the evaluation of the periodic
Indonesia forecasts that economic growth will increase to       financial reports.
4.7% - 5.5% in 2024. The economy, which is expected to
grow at a stronger pace, is supported by higher estimated       Bank Mega’s long and proven track record in banking
private consumption, which is expected to grow by 4.7           is supported by strong parent support and synergies.
to 55.5 percent in 2024. Investment is also estimated to        Business synergies with business groups with PT CT
grow by 5.1 percent to 5.9 percent, or stronger than the        Corpora as well as other factors that are the bank’s
3.7 percent to 4.5 percent in 2023.                             competitive advantage are strengthened by Pefindo’s
                                                                assignment of the Bank’s corporate rating, is the key to
It is hoped that this optimism about household consumption      Bank Mega’s business continuity in the coming year, which
and investment growth can support bank lending. After an        will continue to be well-maintained.
estimated growth of 9-11% in 2023, the growth of bank
credit is expected to be 10-12% in 2024.                        Assumptions used by management in conducting the
                                                                assessments
In line with this, the government also estimates that the       Several important aspects of bank management such as
growth of household consumption will be stronger in 2024,       capital, liquidity, profitability and asset quality are taken
when the general election and the Pilkada will be held          into consideration by Bank Mega in the assessment of
at the same time. The government stated that national           business continuity with reference to the RBB. These
political stability is expected to be maintained, which will    four key aspects are then described in the RBB and are
encourage optimism among the public and business actors         the parameters for Bank Mega’s business continuity
for the continuation of economic activities and the positive    management in the national banking industry. The Bank
trend of new job openings. In addition, the improvement         also uses these four key aspects as indicators to evaluate
of social welfare levels will also be a driver of consumption   how the Bank performs compared to previously set
in 2024. Cumulatively, the Government is aiming to see          targets. In addition, Bank Mega also prioritizes sustainable
the economy grow by 5.2% in the coming year.                    financial aspects through the alignment of business with
                                                                environmental sustainability aspects, social aspects, and
Management Assessment of Business Continuity Factors            good corporate governance.
Bank Mega evaluates the implementation of the strategy
and assesses the bank’s ability to achieve the goals set
out in the bank’s business plan (RBB) in order to ensure
business continuity. This step was taken taking into account
the dynamics occurring in the macro economy and the
banking industry.




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                                 Management Discussion and Analysis




Business Supporting Overview

       Human Capital



Human Resources Focus and Development                                 by enhancing or developing potential and competencies.
The human resources development program will continue                 Employee career management is carried out by ensuring
to be developed and refined throughout 2023 to ensure its             that positions are filled through promotion from within, and
continued contribution. This development and refinement               that employees are provided with training or development
process will be optimized through the use of a multi-platform         opportunities according to their needs.
human resource management technology system. The
development program is a combination of human resources               Organizational Development
and organizational resources, with the involvement of                 The Organizational Development Program is implemented
technology, which will be increasingly integrated into both           to assist the Bank in achieving business growth in line with
the program and its implementation process.                           organizational strategies and plans.

Human Resources Fulfillment                                           Both internal and external factors are considered in the
The Bank’s need to fill critical positions and other positions        development of this organization. Internal factors, such
with employees who are competent in their fields of expertise         as the quality of human resources and coordination
is carried out through internal and external sourcing. The            between individual work units, both business units and
process of fulfilling human resources is carried out online           support units, are crucial. Meanwhile, external factors
through various job portals, and various activities are also          such as the development of digital technology and the
carried out offline, including walk-in interviews, campus             increasing competitiveness of the banking industry are
recruiting, and job fairs. The Employee Referral Program              things that need to be considered. The optimization of
is also a way to fill the positions required by the bank.             organizational functions is necessary to achieve higher
Employer branding is carried out through the Bank’s social            business performance, which is continuously achieved
media to attract potential talent.                                    by improving the organization in each line and function.

In 2023, 2,202 people were fulfilled from external sources,           Employee Education, Development and Training
with the composition of human resources located at the                In line with the Bank’s aspirations, employee skills are
Head Office amounting to 574 people or 26% and human                  enhanced to enable them to meet the business challenges
resources from regional offices and branches amounting                of the banking world. Various human resource development
to 1,628 people or 74% of the total fulfillment that exists.          and training programs have been implemented throughout
                                                                      2023. The Bank is committed to promoting the improvement
The need to fulfill human resources is also carried out               of human resource competencies and skills needed in the
through development programs that are generalist and                  future to adapt to the increasingly developing digital era.
functional in nature and are specifically developed in
accordance with the Bank’s objectives and needs. The                  The Bank has implemented 1,300 training programs
selection of the participants in the programs is carried out          with more than 100,000 participants throughout 2023,
in stages that are systematically defined with reference to           including competency certification, hard and soft skills
the criteria established by the Bank.                                 training, and leadership. Training is organized according
                                                                      to the needs and objectives of learning, namely face-to-
Career Development                                                    face and digital learning using virtual learning, hybrid
The Bank continuously implements employee career                      and e-learning methods. Digital learning is the Bank’s
development programs in order to retain talents or human              effort to take advantage of technological and digital
resources that are competent and of good quality, and to              developments so that employee capacity building can
achieve an optimal level of employee performance. The                 take place anywhere, anytime.
career development program is implemented by taking into
account the employee’s career planning and calculating                The curriculum and development and training modules
the employee’s needs as determined by the Bank. Career                are aligned with all business processes directly related to
development in an organization can occur within the same              business and support functions. The Bank also organizes
function or job family, or cross-functionally to different areas      various forums or trainings related to regulatory requirements



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and policies, including APU/CFT, Anti-Fraud Strategy, and       to the effectiveness of the programs being implemented.
Handling and Resolving Customer Complaints, which               With a learning model that is more dynamic, interactive
aim to create awareness and increase the competency of          and informative, the Bank continues to improve learning
employees in terms of risk and control.                         modules, infrastructure and the use of technology.

The competency certification program is organized by            Throughout 2023, the Bank has conducted e-learning with
the Bank with reference to the Indonesian National Work         more than 40,000 participants for various modules, including
Competency Standards (SKKNI) and the Indonesian National        Corporate Regulations, Complaints Handling, APU/PPT,
Framework (KKNI) applicable to banking and financial            IT Security Awareness, Good Corporate Governance,
services. The Bank also conducts regular monitoring of          Sustainable Financial Action Plan (RAKB) and Basic Credit.
compliance with the required competency certification and       Learning through e-learning will continue to increase and
maintenance of competency certification in accordance           be developed according to the Bank’s needs.
with its area of expertise. These competency certification
programs are Risk Management Certification (SMR), Rupiah        HR System Development
Payment and Currency Management System (SPPUR),                 Human resources management will be supported in its
Treasury, AAJI, WPPE-P and WAPERD Certification, as             implementation by digital technology systems with employee
well as other certifications as needed, including IT and        self-service systems including performance management,
Audit Certification.                                            online attendance, online recruitment, e-learning and
                                                                others that can be accessed on multiple platforms. The
The Bank also implements several programs to build              development and improvement of the human resources
competency in the business area to support business             system will continue throughout 2023 by optimizing the
performance, including the development program for              employee self-service system and improving existing
branch managers through the Branch Manager Training             processes, such as adding features such as the document/
Program (BMTP), training programs for the marketing team        certificate submission module, the employee insurance
through the Retail Funding Officer Training Program (RFOTP),    participation registration module, the Know Your Employee
Retail Funding Training Program ( RFTP), Retail Funding         (KYE) module, the employee leave module, and the online
Acquisition Training Program (RFATP), and Telemarketing         employee credit module. (KYE) module, employee leave
Officer Training Program (TOTP). For the Operations function,   module, and online employee loan application module.
the Operations Supervisor Development Program (OSDP)
is conducted to enhance the competency of employees             This digital technology support will continue to be developed
in operational work functions.                                  into a more comprehensive, multi-platform, integrated
                                                                human resources system that is more informative, easier
The Bank continuously organizes leadership and                  to use, and more effective in supporting human resources
entrepreneurship development programs to prepare future         activities. Employee information and communication tools
leaders through the Mega Management Development                 will continue to evolve based on technology. This change
Program (MMDP). The MMDP provides a comprehensive               will be continuous with the development of the organization
understanding of banking business processes from both           to further improve customer experience in terms of service
academic and practical perspectives. Graduates of the           quality and employee experience as customers.
MMDP program have been placed in various work functions.
They currently occupy key positions, both structural            The development of the banking business in the year 2023
and functional.                                                 will be influenced by the increasingly rapid advances in
                                                                technology and will become a challenge for all sectors of
The Bank is also organizing a program to prepare employees      the industry. Banks must continue to develop initiatives to
who are talented and professional in the field of IT through    manage human and organizational resources so that they
the Information Technology Development Program (ITDP),          are focused on achieving predetermined goals and are able
which will carry out digital transformation and support the     to adapt to current and future business challenges. The
Bank in industrial competition in the digital era.              human resource management system will be consistently
                                                                developed to improve the performance and commitment
To support employee learning and development programs,          of employees to meet the needs of the bank in carrying out
the Bank has provided an e-learning platform as a learning      its business functions. The increasing use of digital-based
medium for employees that can be accessed anytime and           technology continues to be one of the driving factors for
anywhere. The e-learning program is also a concern for the      the Bank to further develop technology-based systems and
Bank, which can support efficiency while paying attention       infrastructure to manage human resources effectively and




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                               Management Discussion and Analysis




efficiently. The employee demographic, which is currently           Employee Demographic Table
dominated by the Millennial and Generation Z generations,           The employee demographics as of December 31, 2023
also requires the Bank to pay attention to the harmony of           are shown in the following tables.
the way of working so that it remains relevant to current
conditions, both internal and external.


Number of Employees by Gender/Sex (People)

                               Gender                                             2023                        2022

 Male                                                                              2,853                       2,862

 Female                                                                            3,391                       3,269

 Total                                                                             6,244                       6,131


Number of Employees by Grade (People)

                                 Age                                              2023                        2022

 20-24 years                                                                         549                        419

 25-29 years                                                                       1,494                       1,431

 30-34 years                                                                       1,151                       1,247

 35-39 years                                                                       1,215                       1,279

 40-44 years                                                                         924                        881

 45-49 years                                                                         445                        439

 50-54 years                                                                         392                        370

 55-59 years                                                                          62                         54

 ‘>60 years                                                                           12                         11

 Total                                                                             6,244                       6,131


Number of Employees by Position (People)

                      Grade/Organization Level                                    2023                        2022

 Vice President                                                                      317                        315

 Manager                                                                           1,294                       1,207

 Officer                                                                           2,412                       2,353

 Administration                                                                    2,221                       2,256

 Total                                                                             6,244                       6,131


Number of Employees by Employment Status (People)

                          Employment Status                                       2023                        2022

 Permanent Employee                                                                4,729                       4,735

 Non-Permanent Employee                                                            1,515                       1,396

 Total                                                                             6,244                       6,131




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                                                                          PT BANK MEGA Tbk        2023 Annual Report




Number of Employees by Education Level (People)

                                Education Level                               2023                       2022

 High School                                                                      204                       209

 Diploma (1-2)                                                                     26                        27

 Diploma (3-4)                                                                    950                       970

 Bachelor’s Degree                                                               4,875                    4,727

 Graduate & Post Graduate Degree                                                  189                       198

 Total                                                                           6,244                    6,131


Completion of Human Resources Development Programs

                                                                                     Total
     Types of Development Programs in 2023
                                                            Batch            %           Participants             %

 Retail Funding Officer Training (RFOT)                        4            13%                 28                4%

 Retail Funding Training Program (RFTP)                       10            33%                 327            48%

 Retail Funding Acquisition Training Program (RFATP)           1             3%                  11               2%

 Telemarketing Officer Training Program (TOTP)                 2             7%                  34               5%

 Branch Manager Training Program (BMTP)                        4            13%                  47               7%

 Mega Management Development Program (MMDP)                    7            23%                 169            25%

 Operation Supervisor Development Program (OSDP)               1             3%                  24               4%

 Information Technology Development Program (ITDP)             1             3%                  45               7%

 Total                                                        30           100%              685             100%




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                                  Management Discussion and Analysis




Employee Education, Development and Training

                                           Type of Program                                                    Batch        Participants
Certification       Risk Management Certification                                                                26             624
Program
                    Rupiah Payment & Money Management System Certification                                      119            2,311

                    Treasury Certification                                                                        5               9

                    AAJI Certification                                                                           77             121

                    WPPE-P Certification                                                                         91             301

                    Waperd Certification                                                                         11              33

                    Certified Fraud Manager (CAFM) Certification                                                  1               1

                    Certified Information System Auditor (CISA) & Exam                                            1               1

                    Certified Ethical Hacker                                                                      1               1

                    Advocate Certification                                                                        1               1

                    IBM Certification                                                                             1               1

                    Data Center Certification                                                                     1               1

                    Internal Audit Certification                                                                  1               1

Training Program    Retail Funding Officer Training (RFOT)                                                        4              28

                    Retail Funding Training Program (RFTP)                                                       10             327

                    Retail Funding Acquisition Training Program (RFATP)                                           1              11

                    Telemarketing Officer Training Program (TOTP)                                                 2              34

                    Branch Manager Training Program (BMTP)                                                        4              47

Development         Mega Management Development Program (MMDP)                                                    7             169
Program
                    Operation Supervisor Development Program (OSDP)                                               1              24

                    Information Technology Development Program (ITDP)                                             1              45

Other In-House      Training (in addition to certification, training and development programs), workshops,      815           45,634
Training Programs   socialization, on-the-job training and coaching


Other Off-House     Various off-house programs in addition to the Certification Program                         172             408
Training Programs

Total                                                                                                         1,353          50,133




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                                                                            PT BANK MEGA Tbk       2023 Annual Report




Information Technology




Digital banking continues to grow rapidly, especially since            used for payment transactions in Thailand, Malaysia
the COVID-19 pandemic outbreak in early 2020. Since                    and Singapore.
then, the standard for conducting banking transactions has          d. Easily perform remittance transactions, withdraw
changed. It is no longer necessary to visit a branch or an             cash and deposit cash using the Indonesian
ATM. As one of the evolving banks, Bank Mega continues to              Standard Quick Response Identification System
improve the best digital experience for customers through              (QRIS) via ATM/Merchant/Agent connected to
product innovation that meets their needs and lifestyles.              other Payment Service Providers quickly, securely
In addition to product and feature innovation, the bank                and conveniently.
also consistently invests in information technology (IT) and        e. CT Corp Group’s lifestyle features can be easily
security systems. This ensures the reliability, stability, and         accessed through the Explore feature.
security of its systems. Throughout 2023, the Bank has              f. Enhancements made to existing features and
continued to develop information technology that can                   services include:
improve services to customers. These include:                          i. Addition of payment services with improvements
                                                                            in digital money recharge, airfare payment,
1. Enhanced Features in Personal Electronic Banking                         insurance and signal car tax.
   (M-Smile)                                                           ii. Development of comprehensive mobile banking
   a. Online credit card application for digital credit                     security for the maintenance of application
      cards, allowing customers to make online                              stability, cybercrime and customer data security.
      transactions immediately without waiting for the                 iii. Development of the loyalty points function
      physical credit card.                                                 in MPC Point and easy viewing of credit card
   b. Loan On Card application is a request for                             data in a secure manner.
      disbursement of funds up to 50% of the credit
      card limit, which can be withdrawn at any time             2. Sustainable development of national open API payment
      through a quick and convenient process.                       system standards (SNAP) with industry standards set
   c. Enhanced the Quick Response Code Indonesian                   by the regulator.
      Standard (QRIS) service to allow for cross-border          3. As a provider of information technology services (PJTI)
      transactions (QRIS Crossborder). It can now be                for LJK Bank in CT Corpora.




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                                   Management Discussion and Analysis




4. Other developments in the area of reconciliation                     IT provides appropriate resources to meet these needs,
   system, regeneration process, data center security                   including the provision of competent technical personnel
   enhancement and disaster recovery plan (DRP)                         and adequate infrastructure.
   improvement.
5. Development of branch services to keep up with                       Information Technology at Bank Mega prioritizes efficient
   developments in banking digitalization, namely with                  operational processes that follow the business needs of
   the Branch Delivery System Application.                              the bank. The IT development process and IT operations
                                                                        are continuously updated in accordance with the latest IT
To support various efforts to improve its digital capabilities,         developments and applicable banking standards.
Bank Mega consistently invests in information technology
(IT) and security systems to ensure the reliability, stability and      IT Focus and Development in 2023
security of its systems. In 2023, the total investment in the IT        Bank Mega’s IT development focus is on the development
sector reached IDR 69,922,295,350, representing an increase             of applications to support banking products, such as
of 12% compared to that invested in the previous year.                  a wealth management system to sell wealth products
                                                                        such as bonds, and a trade finance system to support
IT Management                                                           trading processes involving the bank’s counterparties.
Bank Mega has an Information Technology Steering                        In addition, the development of Internet banking for
Committee, which is a working institution that involves                 corporate customers is a strategic project in Bank Mega’s
the Board of Directors in determining the strategic direction           IT application development. In terms of IT application
for developing IT applications and infrastructure to support            services, Bank Mega has completed several stages of
the Bank’s business.                                                    development of the BI-FAST system, which is Bank Mega’s
                                                                        flagship mobile banking channel transfer function, in order
Bank Mega has obtained ISO 27001:2013 certification                     to enhance system stability and reliability so that customer
for its Information Security Management System, which                   transactions are more convenient.
demonstrates the Bank’s commitment to continuously
improve the security of the Bank’s system environment.                  IT Development Strategy for 2023
                                                                        Bank Mega implements IT application development
IT Governance is implemented by the Bank as an important                strategically divided into 5 (five) aspects;
operational asset that can increase the Bank’s added value              • Channel Transformation
and competitiveness, although its implementation involves                   - Represented in the development of corporate
various risks. This implementation includes the alignment                       Internet banking revamp
of the IT Strategic Plan with the Bank’s business strategy,                 - Participating in the development of mobile banking
the optimization of resource management, the use of IT                          functions (M-Smile)
(Value Delivery), and the inclusion of a well-performed                 • Single Customer View
information security risk control in order to maintain the                  Represented in the development of data management
confidentiality, integrity, and availability aspects of the                 system
Bank’s information.                                                     • Credit Management
                                                                            Represented in the development of LOS (Loan
Evaluation of the implementation of IT activities at Bank                   Originating System) for secured & unsecured loans
Mega includes risk and audit aspects as a form of control               • Supporting System
and control in maintaining the check and balance process in                 Represented in the development of Talkbot, Branch
the Bank’s internal IT development. The form of evaluation                  Transformation via BDS (Branch Delivery System)
carried out by the Bank includes the monitoring of risk                     development, Human Resources System development,
data parallel to the implementation of IT development,                      Reconciliation System development, etc.
as well as the examination of administrative and technical              • Product Enrichment
aspects of the operation of IT applications and systems.                    Represented in the development of Trade Finance
                                                                            System, BI-FAST Phase II, Open API, Credit Card
Role of Information Technology                                              System Enhancement, etc.
Information Technology at Bank Mega is considered an
important operational asset in supporting the general                   IT Development Strategy for 2024
operational and business activities of the bank. A competent            In addition to IT applications, Bank Mega implements
IT is supported by annual IT capacity and resource planning.            strategic development in the field of IT infrastructure,
This enables IT to support planned business activities that             which is divided into 1 (one) aspect, namely Operational
are expected to occur within a predetermined time period.               Excellence, which includes;
In developing new business through the Bank’s products,



 182                          PT BANK MEGA Tbk          2023 Annual Report        Refocus in Business Strategy for Sustainable Growth
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                                                                                  PT BANK MEGA Tbk        2023 Annual Report




•     Sustainable development of IT infrastructure including       The Bank is consistently committed to always invest in
      core banking hardware and core credit system, network        the IT area, both in the areas of technology, applications,
      and server hardware, and security system.                    infrastructure, which includes security (cyber security),
•     Continuous development of data center facilities             data management, and is committed to building quality
      including improvement of electrical and mechanical           IT Human Resources (HR) to always provide products - the
      systems                                                      best IT products, quality, and meet security factors.
•     Development of security projects such as security
      assessment through penetration testing and                   The Information Technology Strategy Plan (RSTI) was
      vulnerability assessment of the Bank’s IT applications       prepared as a guide for IT to support the Bank’s business
      and implementation of DDOS protection.                       growth during the period 2024 - 2028, which covers 3
                                                                   (three) areas, including:
As stated in the Bank’s Business Plan, Bank Mega’s policy          1. Strategic Application,
direction is to carry out a transformation from a medium-          2. Information Technology Infrastructure,
sized bank to a large bank based on the reliability of an          3. Information Technology Organization and Governance.
ecosystem that combines financial services and retail
transactions, so this IT Strategy Plan contains imperatives        These three areas are in line with the Bank’s vision and
and initiatives that will be implemented by IT to support          mission, which resulted in 5 (five) strategic intentions in the
the Bank’s policy direction.                                       development of the Information Technology Strategic Plan:


The Bank’s policy direction                             Bank Mission                                    Strategic Intentions


                                                                                                  Synergy with Group and Non-
    The transformation from a                    Become Top of Mind in the                        Group CT Corpora.
    medium-scale bank to a large-                banking industry with reliable
    scale bank.                                  financial performance.
                                                                                                  Increasing Fee-Based Income.

                                                 Become the Bank of Choice
    Unifying financial services and
                                                 for Customers that Provides                      Effective and Efficient
    retail transactions based on
                                                 added value through an                           Operations.
    Ecosystem reliability.
                                                 integrated ecosystem.

                                                                                                  Reliable Digital Innovation.
    Business transformation                      Providing the best service
    towards a digital ecosystem                  to customers along with
    so that it becomes a one-
    stop banking solution for its                effective and efficient                          Increasing Asset Value and
    customers.                                   operations.                                      Quality.




IT Development in 2024                                             •   Development of credit processing system including
Some of Bank Mega's IT developments planned to be                      credit scoring review, collection scoring review and
implemented in 2024 are as follows:                                    restructuring
• Updates of Internet banking systems and corporate                •   Development of an open API for Bank Mega in
    electronic banking services                                        cooperation with the CT Corpora ecosystem and third
• Development of data management with the concept                      parties, with national standards and in accordance with
    of CRM (Customer Relationship Management)                          regulatory requirements.
• Development of onboarding functions, cashless                    •   And other things that will be continuously developed
    payment functions, product functions, and corporate                to support the bank's operations.
    ecosystem functions in Bank Mega Mobile Banking




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                                     Management Discussion and Analysis




Capital and Risk Management

Key Metrics Report



No.                                                                   Description


Available Capital (value)

  1    Common Equity Tier 1 (CET1)

  2    Core Capital (Tier 1)

  3    Total Capital

Risk Weighted Assets (Value)

  4    Total Risk Weighted Assets (RWA)

Risk-based Capital Ratio in the form of a percentage of RWA

  5    CET1 Ratio (%)

  6    Tier 1 Ratio (%)

  7    Total Capital Ratio (%)

Additional CET1 which functions as a buffer in the form of a percentage of RWA

  8    Capital Conservation Buffer (2.5% of ATMR) (%)

  9    Countercyclical Buffer (0 - 2.5% of ATMR) (%)

 10    Capital Surcharge for Systemic Banks (1% - 2.5%) (%)

 11    Total CET1 as buffer (Line 8 + Line 9 + Line 10)

 12    CET1 components for buffers

Leverage Ratio according to Basel III

 13    Total Exposure

 14    Leverage Ratio value, including the impact of adjustments to temporary exemptions for placement of current accounts with Bank Indonesia in
       order to comply with the GWM requirements (if any)

 14b   Leverage Ratio value, excluding the impact of adjustments to temporary exemptions for placement of current accounts with Bank Indonesia
       in order to comply with the GWM provisions (if any)

 14c   The value of the Leverage Ratio, including the impact of adjustments to temporary exceptions for placement of current accounts with Bank
       Indonesia in order to comply with the GWM requirements (if any), which has included the average value of the gross carrying value of Securities
       Financing Transaction (SFT) assets

 14d   The value of the Leverage Ratio, excluding the impact of adjustments to temporary exceptions for placement of current accounts with Bank
       Indonesia in order to comply with the GWM requirements (if any), which has included the average value of the gross carrying value of SFT assets




184                              PT BANK MEGA Tbk             2023 Annual Report          Refocus in Business Strategy for Sustainable Growth
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                                                                              PT BANK MEGA Tbk          2023 Annual Report




           a                         b                      c                         d                           e

      31-Dec-23                 30-Sep-23               30-Jun-23                31-Mar-23                   31-Dec-22



                20,998,407                19,971,358             19,836,305                18,463,290                  19,948,673

                20,998,407                19,971,358             19,836,305                18,463,290                  19,948,673

                21,629,212                20,585,504             20,466,479                19,061,120                  20,571,769



                82,661,131                80,819,334             81,257,689                78,961,375                  80,952,690



                   25.40%                    24.71%                 24.41%                    23.38%                      24.64%

                   25.40%                    24.71%                 24.41%                    23.38%                      24.64%

                   26.17%                    25.47%                 25.19%                    24.14%                      25.41%



                   2.500%                    2.500%                 2.500%                    2.500%                      2.500%

                   0.000%                    0.000%                 0.000%                    0.000%                      0.000%

                   0.000%                    0.000%                 0.000%                    0.000%                      0.000%

                   2.500%                    2.500%                 2.500%                    2.500%                      2.500%

                   16.17%                    15.47%                 15.19%                    14.14%                      15.41%



               135,349,556               120,633,004            132,499,895               134,418,558                 142,935,577

                   15.51%                    16.56%                 14.97%                    13.74%                      13.96%


                   15.51%                    16.56%                 14.97%                    13.74%                      13.96%


                   17.33%                    16.97%                 15.08%                    13.56%                      13.92%



                   17.33%                    16.97%                 15.08%                    13.56%                      13.92%




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                                     Management Discussion and Analysis




 No.                                                              Description


 Liquidity Coverage Ratio (LCR)

  15    Total High Quality Liquid Assets (HQLA)

  16    Net Cash Outflow

  17    LCR (%)

 Net Stable Funding Ratio (NSFR)

  18    Total Available Stable Funding (ASF)

  19    Total Required Stable Funding (RSF)

  20    NSFR (%)




Qualitative Analysis

Capital							
The capital on December 31, 2023 increased compared to the capital on September 30, 2023, amounting to Rp1,044
billion mainly from profit for the year amounting to Rp716 billion, on the other hand the fair value of available-for-sale
financial assets increased by Rp384 billion.
							
Capital Adequacy Requirement (CAR)							
Minimum Capital Adequacy Requirement (KPMM) for December 2023 position of 26.17% above the provisions required
by the Regulator of 12,50%. This ratio has increased by 0,70% when compared to the position in September 2023 of
25,47%. Capital increased by Rp1.04 trillion, and there was a decrease in RWA loans of Rp1.84 trillion September 2023.
2022.		
					
CET1 (Common Equity Tier 1)
CET1 consists of several components, namely:
1. Paid-in Capital ;
2. Disclosed Reserve;
3. Non controlling interest;
4. Deduction Factor of CET 1.

The CET1 after the fulfilment of the buffer is 12.90%, which is above the minimum requirement of 4.50% of the RWA.
CET1 consists of Rp10.67 trillion, which includes Rp5.87 trillion of paid-in capital, Rp4.83 trillion of disclosed reserves,
and Rp31.94 billion of Tier 1 capital deduction factor.
						
Liquidity Coverage Ratio (LCR)							
The Liquidity Coverage Ratio as of December 2023 is 153.58% above the regulatory requirement of 100% (POJK Number
42/POJK.03/2015 on Obligations to Meet the Liquidity Coverage Ratio for Commercial Banks). The Liquidity Coverage
Ratio for the December 2023 position was 153.58%, a decrease of 15.03% compared to the September 2023 position
of 160.81%. The increase in this ratio was due to:
1. Decrease in High Quality Liquid Assets (HQLA) by Rp4.32 trillion.
2. Decrease in cash outflow of Rp1.92 trillion.
3. Decrease in cash inflow of Rp274.33 billion.
							




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           a                         b                     c                        d                          e

      31-Dec-23                 30-Sep-23              30-Jun-23               31-Mar-23                  31-Dec-22



               35,437,092                39,755,975            42,303,570               41,329,829                 38,112,377

               23,074,493                24,721,864            25,156,811               26,866,274                 26,354,862

                    154%                      161%                  168%                     154%                       145%



               78,664,086                73,729,830            76,096,694               76,422,622                 81,002,745

               67,641,732                66,666,288            74,016,167               71,626,456                 73,529,491

                    116%                      111%                  103%                     107%                       110%




High Quality Liquid Asset (HQLA)							
The High Quality Liquid Asset (HQLA) position in December 2023 was Rp35.44 trillion, a decrease of Rp4.32 trillion
compared to the position in September 2023 of Rp39.76 trillion. This decrease in HQLA was caused by:
1. Decrease in the holding of government bonds by Rp1.40 trillion.
2. Decrease in placements with Bank Indonesia by Rp2.81 trillion; and
3. Decrease in cash and cash equivalents by Rp113.46 billion.
							
Net Cash Outflow							
Net Cash Outflow for the December 2023 position was Rp23.07 trillion, a decrease of Rp1.65 trillion compared to the
September 2023 position of Rp24.72 trillion. The decrease in net cash outflow was caused by a decrease in cash outflow
of Rp1.92 trillion and a decrease in cash inflow of Rp274.34 billion. The following are the significant movements in the
Net Cash Outflow component ≤30 days:
1. Cash Outflow
    a. The decrease in FI DPK was Rp1.22 trillion.
    b. The decrease in Non-FI DPK was Rp1.51 trillion (after weighting).

2. Cash Inflow
    a. The decrease in Interbank Placing was Rp167.88 billion.
							
Net Stable Funding Ratio (NSFR)							
Bank Mega’s NSFR (Net Stable Funding Ratio) position in December 2023 is 116.30% above the regulatory requirement
of 100% (POJK Number 50/POJK.03/2017 concerning obligations to meet the Net Stable Funding Ratio). For commercial
banks, Bank Mega’s NSFR position in December 2023 was 116.30%, an increase of 5.70% compared to the position in
September 2023 of 110.60%. The increase in this ratio was due to:
1. Increase in Available Stable Funding (ASF) by IDR 4.93 trillion.
2. Increase in Required Stable Funding (RSF) of IDR 975.44 billion
							
						




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                                       Management Discussion and Analysis




Difference between Consolidated and Mapping Coverage in Financial Statements
according to Financial Accounting Standards with Risk Categories


                                                                                  a                               b


                                Indonesian                                Carrying values as             Carrying values
                                                                        reported in published          under the prudential
                                                                         financial statements               principle


 Assets

 Cash and placement with Bank Indonesia                                                 10,027,312                        10,027,312

 Placement with other banks                                                              1,652,219                         1,652,219

 Traded assets Portfolio                                                                          -                                -

 Financial assets designated at fair value                                               2,156,712                         2,156,712

 Derrivative Instruments                                                                    20,974                           20,974

 Loans to Bank                                                                              82,542                           82,542

 Loans to Customers                                                                     66,210,354                        66,210,354

 Reverse repurchase and related secured lending                                          7,215,441                         7,215,441

 Financial Instruments measured at fair value through oher                              23,844,656                        23,844,656
 comprehensive income

 Securities sold under repuchased agreements                                            11,623,220                        11,623,220

 Acceptance receivables                                                                           -                                -

 Investment                                                                                     667                             667

 Allowance for impairment losses                                                          (642,303)                        (642,303)

 Fixed Assets and inventory                                                              6,197,758                         6,197,758

 Other Assets                                                                            3,660,039                         3,660,039

 Total Assets                                                                         132,049,591                       132,049,591

 Liabilities

 Loans received from Bank                                                                2,909,228                      2,909,228,00

 Liabilities from other Banks                                                            3,872,596                         3,872,596

 Customer Accounts                                                                      89,435,750                        89,435,750

 Repurchase agreements and related secured borrowing                                    12,573,231                        12,573,231

 Derrivative Instruments                                                                    18,931                           18,931

 Acceptance Payable                                                                               -                               0

 Subordinate Bonds                                                                          50,000                           50,000

 Security Deposits                                                                           8,781                            8,781

 Deferred tax Liabilities - net                                                            156,812                          156,812

 Other Liabilities                                                                       1,268,819                         1,268,819

 Total Liabilities                                                                    110,294,148                       110,294,148



Qualitative Analysis
The majority of the carrying amounts reported in the published financial statements consist of carrying amounts according
to the Credit Risk Framework. The recorded value of each risk is in accordance with the applicable SEOJK / POJK.




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                                                                                PT BANK MEGA Tbk      2023 Annual Report




            c                         d                       e                     f                        g

                                              Carrying the value of each risk

                                                                                                      Does not refer to
                              In accordance with        In accordance
 In accordance with                                                           In accordance         capital requirements
                              counterparty credit            with
    the credit risk                                                          with market risk        or based on capital
                                      risk              securitization
                                                                                                          reduction


                 10,027,313                         -

                  1,652,218                         -

                          -                         -

                          -                         -                                   2,198,659

                          -                  54,763                                        20,318

                     82,542                         -

                 66,409,675                         -

                          -               7,215,441

                 23,453,381                         -


                 11,590,000                         -

                          -                         -

                       668                          -

                   -296,438                         -

                  6,165,819                         -

                  2,446,782                         -

                121,531,961               7,270,204                      -              2,218,978                            -




                                                                                           18,411




                          -                         -                    -                18,411                             -




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                                       Management Discussion and Analysis




Main Differences between Carrying Value in accordance with Financial Accounting
Standards and Exposure Value in accordance with OJK Regulations


                                   a                        b                       c                       d                       e

                                                                                                      Item
         Indonesian
                                          Total                                                             Counterparty
                                                                Cerdit risk         Securitization                                      Market risk
                                                                                                             credit risk


 Assets carrying value in                   132,049,591             121,531,961                         -          7,270,204,06               2,218,978
 accordance toconsolidated
 coverage by the
 prudentialprinciples (as
 reported to template LI1)

 Liabilities carrying value in              110,294,148                         -                                                               18,411
 accordance toconsolidated
 coverage by the
 prudentialprinciples (as
 reported to template LI1)

 Total net value in accordance               21,755,443             121,531,961                         -               7,270,204             2,200,567
 toconsolidated coverage by
 the prudentialprinciples

 Administrative Account Value                   365,780               3,286,292                         -

 Valuation Differences                                  -                       -                       -                       -                     -

 Difference between netting                            0                       0                        -                       -                     -
 rules, apartfrom thos included
 in row 2.

 Provision Differences                                  -                      0                        -                       -                     -

 Prudential Filter Differences                          -                       -                       -                       -                     -

 The exposure value                          22,121,223             124,818,253                         -               7,270,204             2,200,567
 considered accordingto
 the prudential stipulation
 consolidatedcoverage


Qualitative Analysis
The majority of the carrying amounts reported in the published financial statements consist of carrying amounts according
to the Credit Risk Framework. The recorded value of each risk is in accordance with the applicable SEOJK / POJK.



       Capital

Qualitative Disclosure regarding Capital Structure and Capital Adequacy
									

 Indonesia

 Banks must explain the origin of the difference between the carrying value according to financial accounting standards, as reported in the financial
 statements, and the exposure value according to prudential provisions, as contained in templates LI1 and LI2.

 (a) The bank must explain the source of the significant difference between the values in columns (a) and (b) in LI1.

 (b) The bank must explain the source of the difference between the recorded value and the value used for regulatory purposes, as stated in LI2.

 (c) By implementing the guidelines on prudential valuation, banks should describe the systems and controls to ensure prudential and reliable valuation
 estimates. Disclosures must include:




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                                                                                                   PT BANK MEGA Tbk               2023 Annual Report




 Indonesia

 (i) Valuation methodology, including explaining the extent of use of mark-to-market and mark-to-model methodologies.

 (ii) Description of the independent price verification process.

 (iii) Procedures for valuation or reserve adjustments (including a description of the process and methodology for valuing trading positions by instrument type).


										
The carrying amount as stated in the publication of the financial statements has taken into account the precautionary
principle so that there is no difference between the two values. The carrying amount according to each risk is the value
in accordance with the POJK for the Calculation of the Credit Risk Framework, Calculation of the Securitization Asset
Framework, Counterparty Credit Risk Framework, and Market Risk Framework.						
				
Capital Composition


                                                                                                                                       No. Ref
                                                                                                       Total
   No                                      Component                                                                             (from Consolidated
                                                                                             (in Millions of Rupiah)
                                                                                                                                      Balance 1)
 CET 1: Instruments and Additional Paid-up Capital

     1       Directly issued qualifying common share (and equivalent for non-joint                              12,217,953                      1
             stock companies) capital plus related stock surplus

     2       Retained earnings                                                                                    6,221,696                     2

     3       Accumulated other comprehensive income (and other reserves)                                          3,451,731                     3

     4       Directly issued capital subject to phase out from CET1 (only applicable                                    N/A                   N/A
             to non-joint stock companies)

     5       Common share capital issued by subsidiaries and held by third parties                                          -                   4
             (amount allowed in group CET1)

     6       Common Equity Tier 1 capital before regulatory adjustments                                         21,891,380

 CET 1: Faktor Pengurang (Regulatory Adjustment)

     7       Prudential valuation adjustments                                                                               -

     8       Goodwill (net of related tax liability)                                                                        -                   5

     9       Other intangibles other than mortgage-servicing rights (net of related                                 (31,939)
             tax liability)

    10       Deferred tax assets that rely on future profitability excluding those arising                              N/A
             from temporary differences (net of related tax liability)

    11       Cash-flow hedge reserve                                                                                    N/A

    12       Shortfall of provisions to expected losses                                                                 N/A

    13       Securitisation gain on sale (as set out in paragraph 562 of Basel II                                       N/A
             framework)

    14       Gains and losses due to changes in own credit risk on fair valued liabilities                              N/A

    15       Defined-benefit pension fund net assets                                                                    N/A

    16       Investments in own shares (if not already netted off paid-in capital on                                    N/A
             reported balance sheet)

    17       Reciprocal cross-holdings in common equity                                                                 N/A

    18       Investments in the capital of Banking, financial and insurance entities                                    N/A
             that are outside the scope of regulatory consolidation, net of eligible
             short positions, where the Bank does not own more than 10% of the
             issued share capital (amount above 10% threshold)

    19       Significant investments in the common stock of Banking, financial and                                      N/A
             insurance entities that are outside the scope of regulatory consolidation,
             net of eligible short positions (amount above 10% threshold)

    20       Mortgage servicing rights (amount above 10% threshold)                                                     N/A




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                                       Management Discussion and Analysis




                                                                                                                                 No. Ref
                                                                                                       Total
  No                                     Component                                                                         (from Consolidated
                                                                                             (in Millions of Rupiah)
                                                                                                                                Balance 1)
   21      Deferred tax assets arising from temporary differences (amount above                                    N/A
           10% threshold, net of related tax liability)
   22      Amount exceeding the 15% threshold                                                                      N/A
   23      of which: significant investments in the common stock of financials                                     N/A
   24      of which: mortgage servicing rights                                                                     N/A
   25      of which: deferred tax assets arising from temporary differences                                        N/A
   26      National specific regulatory adjustments                                                                N/A
  26a.     PPKA and CKPN difference                                                                           (552,327)

  26b.     Non-productive PPKA                                                                                (308,707)

  26c.     Deferred Tax Assets                                                                                         -             7

  26d.     Investments                                                                                                 -

  26e.     Capital shortages in insuarnce subsidiaries                                                             N/A

  26f.     Exposure to Securitization                                                                              N/A

  26g.     Others                                                                                                  N/A

   27      Regulatory adjustments applied to Common Equity Tier 1 due to                                               -
           insufficient Additional Tier 1 and Tier 2 to cover deductions

   28      Total regulatory adjustments to Common equity Tier 1                                              (892,973)

   29      Common Equity Tier 1 capital (CET1)                                                             20,998,407

Additional Tier 1 capital: instruments
   30      Directly issued qualifying Additional Tier 1 instruments plus related                                       -
           stock surplus
   31      of which: classified as equity under applicable accounting standards                                    N/A

   32      of which: classified as liabilities under applicable accounting standards                               N/A

   33      Directly issued capital instruments subject to phase out from Additional Tier 1                         N/A

   34      Additional Tier 1 instruments (and CET1 instruments not included in                                     N/A
           row 5) issued by subsidiaries and held by third parties (amount allowed
           in group AT1)
   35      of which: instruments issued by subsidiaries subject to phase out                                       N/A

   36      Additional Tier 1 capital before regulatory adjustments                                                     -

Additional Tier 1 capital: regulatory adjustments

   37      Investments in own Additional Tier 1 instruments                                                        N/A

   38      Reciprocal cross-holdings in Additional Tier 1 instruments                                              N/A

   39      Investments in the capital of Banking, financial and insurance entities                                 N/A
           that are outside the scope of regulatory consolidation, net of eligible
           short positions, where the Bank does not own more than 10% of the
           issued common share capital of the entity (amount above 10% threshold)
   40      Significant investments in the capital of Banking, financial and insurance                              N/A
           entities that are outside the scope of regulatory consolidation (net of
           eligible short positions)
   41      National specific regulatory adjustments                                                                N/A

  41a.                                                                                                             N/A

   42      Regulatory adjustments applied to Additional Tier 1 due to insufficient                                 N/A
           Tier 2 to cover deductions

   43      Total regulatory adjustments to Additional Tier 1 capital                                                   -

   44      Additional Tier 1 capital (AT1)                                                                             -

   45      Tier 1 capital (T1 = CET 1 + AT 1)                                                              20,998,407




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                                                                                                 PT BANK MEGA Tbk         2023 Annual Report




                                                                                                                                No. Ref
                                                                                                      Total
   No                                    Component                                                                        (from Consolidated
                                                                                            (in Millions of Rupiah)
                                                                                                                               Balance 1)

 Tier 2 capital: instruments and provisions

    46      Directly issued qualifying Tier 2 instruments plus related stock surplus                          14,167

    47      Directly issued capital instruments subject to phase out from Tier 2                                 N/A

    48      Tier 2 instruments (and CET1 and AT1 instruments not included in rows                                N/A
            5 or 34) issued by subsidiaries and held by third parties (amount allowed
            in group Tier 2)

    49      of which: instruments issued by subsidiaries subject to phase out                                    N/A

    50      PPKA general reserves for productive assets that must be calculated                              616,638
            with a maximum amount of 1.25% of RWA for Credit Risk

    51      Tier 2 capital before regulatory adjustments                                                     630,805

 Tier 2 capital: regulatory adjustments

    52      Investments in own Tier 2 instruments                                                                N/A

    53      Reciprocal cross-holdings in Tier 2 instruments and other TLAC liabilities                           N/A

    54      Investments in the other TLAC liabilities of banking, financial and                                  N/A
            insurance entities that are outside the scope of regulatory consolidation
            and where the bank does not own more than 10% of the issued common
            share capital of the entity: amount previously designated for the 5%
            threshold but that no longer meets the conditions (for G-SIBs only)

            Investments in other TLAC liabilities of banking, financial and insurance
            entities that fall outside the scope of regulatory consolidation and, for
            which the bank does not own more than 10% of the issued entity’s
            common stock: an amount previously set for the 5% limit but which no
            longer eligible (only for Systemic Banks)

    55      Significant investments in the capital and other TLAC liabilities of banking,                        N/A
            financial and insurance entities that are outside the scope of regulatory
            consolidation (net of eligible short positions)

    56      National specific regulatory adjustments

   56a.     Sinking fund                                                                                         N/A

   56b.     Placement of funds on Tier 2 instruments with other banks                                            N/A

    57      Total regulatory adjustments to Tier 2 capital                                                            -

    58      Tier 2 capital (T2)                                                                              630,805

    59      Total capital                                                                                 21,629,212

    60      Total risk weighted assets                                                                    82,661,131

 Capital ratios and buffers

    61      Common Equity Tier 1 (as a percentage of risk weighted assets)                                   25.40%

    62      Tier 1 (as a percentage of risk weighted assets)                                                 25.40%

    63      Total capital (as a percentage of risk weighted assets)                                          26.17%

    64      Institution specific buffer requirement (minimum CET1 requirement plus                            16.17%
            capital conservation buffer plus countercyclical buffer requirements plus
            G-SIB buffer requirement, expressed as a percentage of risk weighted assets)

    65      of which: capital conservation buffer requirement                                                  2.50%

    66      of which: Bank specific countercyclical buffer requirement                                         0.00%

    67      Of which: higher loss absorbency requirement                                                       0.00%

            For Conventional Commercial Bank: CET 1 is used to meet Buffer
            (percentage on RWA) For Bank’s branch offices from overseas: Part
    68                                                                                                       16.17%
            of CEMA business funds (will be disclosed as percentage of RWA)
            is used to meet Buffer




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                                      Management Discussion and Analysis




                                                                                                                             No. Ref
                                                                                                    Total
   No                                    Component                                                                     (from Consolidated
                                                                                          (in Millions of Rupiah)
                                                                                                                            Balance 1)

 National minima (if different from Basel 3)

    69      National Common Equity Tier 1 minimum ratio                                                        N/A

    70      National Tier 1 minimum ratio                                                                      N/A

    71      National total capital minimum ratio                                                               N/A

 Amounts below the thresholds for deduction (before risk weighting)

    72      Non-significant investments in the capital and other TLAC liabilities of                           N/A
            other financial entities

    73      Significant investments in the common stock of financial entities                                  N/A

    74      Mortgage servicing rights (net of related tax liability)                                           N/A

    75      Deferred tax assets arising from temporary differences (net of related                             N/A
            tax liability)

 Applicable caps on the inclusion of provisions in Tier 2

    76      Provisions eligible for inclusion in Tier 2 in respect of exposures subject                        N/A
            to standardised approach (prior to application of cap)

    77      Cap on inclusion of provisions in Tier 2 under standardised approach                               N/A

    78      Provisions eligible for inclusion in Tier 2 in respect of exposures subject                        N/A
            to internal ratings-based approach (prior to application of cap)

    79      Cap for inclusion of provisions in Tier 2 under internal ratings-based                             N/A
            approach

 Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)

    80      Current cap on CET1 instruments subject to phase out arrangements                                  N/A

    81      Amount excluded from CET1 due to cap (excess over cap after                                        N/A
            redemptions and maturities)

    82      Current cap on AT1 instruments subject to phase out arrangements                                   N/A

    83      Amount excluded from AT1 due to cap (excess over cap after redemptions                             N/A
            and maturities)

    84      Current cap on T2 instruments subject to phase out arrangements                                    N/A

    85      Amount excluded from T2 due to cap (excess over cap after redemptions                              N/A
            and maturities)


Qualitative Analysis
Capital December 31, 2023, increased compared to December 31, 2022, amounting to IDR 1.057 trillion, an increase
This came from Tier 1 Capital, amounting to IDR 1,050 trillion, and Tier 2 Capital, amounting to IDR 7.7 billion. The
liability Ratio Minimum Capital Requirement (KPMM) for December 2023 is 26.17%, still above the required provisions.
The regulator was 10.00%. This ratio increased by 0,70% when compared to the December position 2022, which is
25.41%. However, the Bank’s RWA also experienced an increase of IDR 1,708 trillion, where Credit Risk RWA increased
by IDR 5.772 trillion, while Operational Risk RWA experienced an increase of IDR 5.772 trillion, a decrease of IDR 4,589
trillion. The increase or decrease was due to changes in provisions OJK, where the calculation of Credit Risk RWA and
Bank Operational Risk RWA calculations are calculated using the Standard Approach according to SEOJK No. 24/
SEOJK.03/2021 and SEOJK No. 6/SEOJK.03/2020 which is effectively implemented in January 2023.




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                                                                                     PT BANK MEGA Tbk       2023 Annual Report




Capital Reconciliation


                                                                                                    Published Balance
                                                                              Statement              With Coverage
                                                                                                                             No.
 No.                                   ACCOUNT                                of Financial             Under the
                                                                                                                             Reff
                                                                               Position                Prudential
                                                                                                        Principles

 ASSETS

   1.     Cash                                                                           855,222                 855,222

   2.     Placement with Bank Indonesia                                                9,172,090                9,172,090

   3.     Placement with other banks                                                   1,652,219                1,652,219

   4.     Spot and derrivative receivables                                                20,974                   20,974

   5.     Securities                                                                  26,001,368               26,001,368

   6.     Securities sold under repurchase agreement (repo)                           11,623,220               11,623,220

   7.     Receivables from securities purchased under resell agreement                 7,215,441                7,215,441
          (reverse repo)

   8.     Accepatance receivables                                                               -                        -

   9.     Loans                                                                       66,292,896               66,292,896

  10.     Sharia Financing                                                                      -                        -

  11.     Equity Participation                                                               667

          a. Calculated in CAR                                                                  -                        -

          b. Not calculated in CAR                                                              -                     667

  12.     Other. Financial assets                                                      1,103,499                1,103,499

  13.     Financial assets allowance for impairment losses -/-

          a. Securities                                                                         -                        -

          b. Loans                                                                      (604,816)               (604,816)

          c. Others                                                                      (37,487)                 (37,487)

  14.     Intangible assets

          a. Goodwill                                                                           -                        -     5

          b. Other intangible assets                                                     354,830                 354,830       6

          Accumulated amortization of intangible assets-/-                              (322,891)               (322,891)      6

  15.     Fixed assets and inventory                                                   7,767,055                7,767,055

          Accumulated depreciation of fixed assets and invetory -/-                   (1,601,236)              (1,601,236)

  16.     Non productive assets

          a. Abandoned properties                                                          5,300                    5,300

          b. Foreclosed assets                                                         1,327,078                1,327,078

          c. Deferred Accounts                                                                  -                        -

          d. Inter-office assets                                                                -                        -

  17.     Other assets                                                                 1,224,162                1,224,162

          Deferred tax assets                                                                   -                        -     7

 TOTAL ASSETS                                                                        132,049,591             132,049,591




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                                      Management Discussion and Analysis




                                                                                                 Published Balance
                                                                            Statement             With Coverage
                                                                                                                           No.
No.                                  ACCOUNT                                of Financial            Under the
                                                                                                                           Reff
                                                                             Position               Prudential
                                                                                                     Principles

LIABILITIES AND EQUITY

LIABILITIES

  1.    Current Accounts                                                           10,125,725                10,125,725

  2.    Saving Accounts                                                            15,662,241                15,662,241

  3.    Time Deposits                                                              63,647,784                63,647,784

  4.    Electronic Money                                                               29,839                    29,839

  5.    Loans from Bank Indonesia                                                            -                         -

  6.    Loans from other banks                                                      3,872,596                 3,872,596

  7.    Spot and derivative liabilities                                                18,931                    18,931

  8.    Payable from securities sold under repurchase agreement (repo)             12,573,231                12,573,231

  9.    Acceptance payable                                                                   -                         -

 10.    Securities issued                                                              50,000                    50,000      9

 11.    Loans/Financing received

        a. Calculated in CAR                                                                 -                         -

        b. Not Calculated in CAR                                                    2,909,228                 2,909,228

 12.    Security Deposits                                                               8,781                     8,781

 13.    Inter-office liabilities

        a. Operating in Indonesia                                                            -                         -

        b. Operating outside Indonesia                                                       -                         -

 14.    Other liabilities                                                           1,395,792                 1,395,792

 15.    Minority interest                                                                    -                         -

TOTAL LIABILITIES                                                                110,294,148               110,294,148

EQUITY

 17.    Paid up Capital

        a. Authorized Capital                                                      13,500,000                13,500,000      1

        b. Unpaid Capital -/-                                                      (7,629,538)               (7,629,538)     1

        Repurchased shares (treasury stock) -/-                                              -                         -

 18.    Additional paid-up capital

        a. Agio                                                                     6,347,491                 6,347,491      1

        b. Disagio -/-                                                                       -                         -

        c. Donated capital                                                                   -                         -

        d. Capital deposit funds                                                             -                         -

        e. Others                                                                            -                         -




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                                                                                     PT BANK MEGA Tbk       2023 Annual Report




                                                                                                    Published Balance
                                                                               Statement             With Coverage
                                                                                                                             No.
 No.                                ACCOUNT                                    of Financial            Under the
                                                                                                                             Reff
                                                                                Position               Prudential
                                                                                                        Principles

  19.   Other comprehensive income

        a. Adjustments due to explanation of financial statements in foreign                    -                        -
           currencies

        b. Gains (losses) from changes in the value of classified financial             140,897                  140,897       3
           assets are available for measurement at fair value through other
           comprehensive income

        c. Effective portion of cash flow hedge                                                 -                        -

        d. Fixed assets revaluation profit                                             3,309,118                3,309,118      3

        e. Portion of other comprehensive income from associates                                -                        -

        f. Gain (loss) on defined benefit actuarial plan                               (136,781)                (136,781)

        g. Income tax of other comprehensive income                                             -                        -

        h. Others                                                                             844                     844

  20.   Difference in quasi reorganization                                                      -                        -

  21.   Difference in restructuring of entities under common control                            -                        -

  22.   Other Equity                                                                            -                        -

  23.   a. Reserves

        b. General Reserves                                                                1,716                    1,716      3

        c. Purpose reserves                                                                     -                        -     8

  24.   Profit/Loss

        a. Past years                                                                  5,547,844                5,547,844      2

        b. Current Years                                                               3,510,670                3,510,670      2

        c. Dividend payout -/-                                                        (2,836,818)              (2,836,818)     2

 TOTAL EQUITY ATTRIBUTABLE

        TO OWNERS                                                                    21,755,443               21,755,443

  25.   Non controlling interests                                                                                              4

        TOTAL EQUITY                                                                 21,755,443               21,755,443

        TOTAL LIABILITIES AND EQUITY                                                132,049,591              132,049,591       -



Qualitative Analysis
Capital of the Bank is calculated according to regulation of POJK No.11/POJK.03/2016 dated January 29, 2016
concerning Minimum Statutory Deposit for Commercial Bank. Bank Mega ensures that it has sound capital structure
and in line with Bank’s risk profile, business target and rule on capitalization from Regulator.




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Page 198
                                         Management Discussion and Analysis




Main Features of Capital Instruments and TLAC-Eligible Instruments


 No.                                                 Indonesia                                            Qualitative/Quantitative
                                                                                                                Information

  1    Issuer                                                                                                     PT Bank Mega Tbk

  2    Indentification Number                                                                                            N/A

  3    Laws used                                                                                                   Indonesian Law

 3a    Means of enabling the performance obligations under Section 13 of the TLAC Glossary to be                         N/A
       achieved (for other valid TLAC instruments governed by foreign law)

       Instrument treatment under CAR Provisions

  4    At the time of transition                                                                                         N/A

  5    After transition                                                                                                   T2

  6    Is the instrument eligible for Individual/Consolidated or Consolidated and Individual                         Group, solo

  7    Types of Instruments                                                                                  Surat Berharga Subordinasi

  8    Recognized value in CAR calculation                                                                              14,167

  9    Par Value of Instruments                                                                                         50,000

 10    Classification according to financial accounting standards                                             Liabilities - Amortised Cost

 11    Issuance date                                                                                                 28/05/2020

 12    Perpetual or with maturity date                                                                                  By Due

 13    Maturity date                                                                                                 28/05/2025

 14    Call option execution with the Financial Services Authority approval                                               No

 15    Call option date, withdrawal amount and other call option requirements (if any)                                   N/A

 16    Subsequent call option                                                                                            N/A

       Coupons/dividends

 17    Dividends/ coupons with fixed or floating interests                                                               Fixed

 18    Level of coupon rate or other index as the references                                                            9.00%

 19    Whether there is a dividend stopper or not                                                                         No

 20    Fully discretionary; partial or mandatory                                                                      Mandatory

 21    Is there a step up feature or other incentives                                                                     No

 22    Non-cumulative or cumulative                                                                                Non-cumulative

 23    Convertible or non-convertible                                                                              Non-convertible

 24    If convertible, state the trigger point                                                                           N/A

 25    If convertible, whether in whole or in part                                                                       N/A

 26    If convertible, what is the conversion rate                                                                       N/A

 27    If convertible, is it mandatory or optional                                                                       N/A

 28    If convertible, state the types of conversion instrument                                                          N/A

 29    If convertible, state the issuer of instrument it converts into                                                   N/A

 30    Write-down features                                                                                                Yes

 31    If write-down, state the trigger                                                                       Following OJK Regulations

 32    If write-down, is it full or partial                                                                   Following OJK Regulations




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                                                                                                  PT BANK MEGA Tbk          2023 Annual Report




 No.                                                  Indonesia                                                 Qualitative/Quantitative
                                                                                                                      Information

     33    If write-down, is it permanent or temporary                                                             Following OJK Regulations

     34    If have a temporary write down, explain the write-up mechanism                                                        N/A

     34a   Types of subordinates                                                                                            Junior bonds

     35    Instruments Hierarchy at the time of liquidation                                                                      N/A

     36    Are there any non-compliant features                                                                                  No

     37    If yes, explain the features that are non-compliant                                                                   N/A


Qualitative Analysis
The capital instrument issued by the Bank is a subordinated bond under the name Subordinated Bonds I PT Bank Mega
Tbk Year 2020. The Bank’s subordinated bonds are issued to comply with POJK provisions No. 14/POJK.03/2017 dated
April 4, 2017 concerning Recovery Plans for Systemic Bank.

Qualitative Disclosure regarding Capital Structure and Capital Adequacy


                                                                                                          December 31,            December 31,
                                   CAPITAL COMPONENTS
                                                                                                              2023                    2022

 I         Core Capital (Tier 1)                                                                                 20,998,407                19,948,673

               Main Core Capital/Common Equity Tier 1 (CET 1)                                                    20,998,407                19,948,673

               1.1     Paid-in Capital (after deducting Treasury Stock)                                           5,870,462                 5,870,462

               1.2     Additional Capital Reserves                                                               15,159,884                14,108,994

                       1.2.1    Enhancement Factor

                                1.2.1.1   Other comprehensive income

                                          1.2.1.1.1   Differences in the translation of financial                            -                       -
                                                      statements

                                          1.2.1.1.2   Potential gain from an increase in the fair value             140,897                          -
                                                      of available-for-sale financial assets

                                          1.2.1.1.3   Fixed asset revaluation surplus balance                     3,309,118                 3,584,877

                                1.2.1.2   Other additional capital reserves (other disclosed reserves)

                                          1.2.1.2.1   Agio                                                        6,347,491                 6,347,491

                                          1.2.1.2.2   General reserve                                                    1,716                   1,639

                                          1.2.1.2.3   Previous year prof                                          2,711,026                 1,219,484

                                          1.2.1.2.4   Current year profit                                         3,510,670                 4,052,678

                                          1.2.1.2.5   Capital deposit fund                                                   -                       -

                                          1.2.1.2.6   Others                                                                 -                       -

                       1.2.2    Deduction Factor

                                1.2.2.1   Other comprehensive income

                                          1.2.2.1.1   Differences in the translation of financial                            -                       -
                                                      statements

                                          1.2.2.1.2   Potential loss from decrease in fair value of                          -               (354,703)
                                                      available-for-sale financial assets

                                1.2.2.2   Other additional capital reserves (other disclosed reserves)

                                          1.2.2.2.1   Disagio                                                                -                       -




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                               Management Discussion and Analysis




                                                                                                December 31,          December 31,
                        CAPITAL COMPONENTS
                                                                                                    2023                  2022

                                 1.2.2.2.2   Previous year loss                                                   -                      -

                                 1.2.2.2.3   Current year loss                                                    -                      -

                                 1.2.2.2.4   Less difference between Allowance for Asset                  (552,327)              (535,517)
                                             Losses (PPA) and Allowance for Impairment
                                             Losses (CKPN) on earning assets

                                 1.2.2.2.5   The difference between the amount of fair                            -                      -
                                             value adjustment of financial instruments in
                                             the trading book

                                 1.2.2.2.6   PPA of non-productive assets that must be formed             (308,707)              (206,955)

                                 1.2.2.2.7   Others                                                               -                      -

      1.3    Non-Controlling Interests that can be taken into account

      1.4    Main Core Capital Deduction Factor                                                           (31,939)               (30,783)

             1.4.1    Deferred tax calculation                                                                    -                      -

             1.4.2    Goodwill                                                                                    -                      -

             1.4.3    All other intangible assets                                                          (31,939)               (30,783)

             1.4.4    The inclusion that is calculated as a deduction factor                                      -                      -

             1.4.5    Lack of capital in the insurance subsidiary company                                         -                      -

             1.4.6    Securitization exposure                                                                     -                      -

             1.4.7    Other major core capital deduction factors                                                  -                      -

                     1.4.7.1     Placement of funds in AT1 and/or Tier 2 instruments at                           -                      -
                                 other banks

                     1.4.7.2     Cross-ownership of another entity acquired by transfer by                        -                      -
                                 law, grant or testamentary grant

      Additional Tier 1 Additional Core Capital (AT 1)                                                            -                      -

             2.1     Instruments that meet the requirements of A                                                  -                      -

             2.2     Agio/ Disagio                                                                                -                      -

             2.3     Deduction Factor: Additional Core Capital *)                                                 -                      -

                     2.3.1       Placement of funds in AT1 and/or Tier 2 instruments at other                     -                      -
                                 banks

                     2.3.2       Cross-ownership of another entity acquired by transfer by                        -                      -
                                 law, grant or testamentary grant




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                                                                                              PT BANK MEGA Tbk       2023 Annual Report




                                                                                                     December 31,         December 31,
                               CAPITAL COMPONENTS
                                                                                                         2023                 2022

 II     Supplementary Capital (Tier 2)                                                                         630,805              623,096

       1    Capital instruments in the form of shares or others that meet Tier 2 requirements                    14,167               24,167

            Agio/ Disagio                                                                                             -                     -

            PPA general reserves for productive assets that must be formed (maximum 1.25%                       616,638              598,929
            RWA Credit Risk)

            Supplementary Capital Deduction Factor                                                                    -                     -

            4       Sinking Fund                                                                                      -                     -

            4       Placement of funds in AT1 and/or Tier 2 instruments at other banks                                -                     -

            4       Cross-ownership of another entity acquired by transfer by law, grant or                           -                     -
                    testamentary grant

 TOTAL MODAL                                                                                                 21,629,212           20,571,769




                                   December            December                                              December         December
      DESCRIPTION                                                                  Description
                                   31, 2023            31, 2022                                              31, 2023         31, 2022

 RISK WEIGHTED ASSETS                                                     CAR RATIO

  RWA CREDIT RISK                      72,908,025           67,135,848     Rasio CET 1 (%)                           25.40%          24.64%

  RWA MARKET RISK                       1,368,863              843,854     Rasio Tier 1 (%)                          25.40%          24.64%

  RWA OPERATIONAL RISK                  8,384,243           12,972,988     Rasio Tier 2 (%)                           0.76%           0.77%

  RWA TOTAL                            82,661,131           80,952,690     Rasio KPMM (%)                            26.17%          25.41%

 CAR BASED ON RISK                        10.00%               10.00%     CET 1 UNTUK BUFFER (%)                     16.17%          15.41%
 PROFILE (%)

 ALLOCATION OF KPMM                                                       PERCENTAGE OF BUFFER                       2.500%          2.500%
 FULFILLMENT ACCORDING                                                    MANDATORY FILLED BY BANK
 TO RISK PROFILE                                                          (%)

  From CET 1 (%)                            9.24%                9.23%     Capital Conservation Buffer (%)           2.500%          2.500%


  From AT 1 (%)                             0.00%                0.00%     Countercyclical Buffer (%)                0.000%          0.000%


  From Tier 2 (%)                           0.76%                0.77%     Capital Surcharge untuk Bank              0.000%          0.000%
                                                                           Sistemik (%)



Qualitative Analysis
1. The capital instrument issued by the Bank is a subordinated bond under the name Subordinated Bond I PT Bank
   Mega, Tbk Year 2020, the term of the subordinated bond is 5 years and the interest rate is 9%. Bank subordinated
   bonds issued to comply with POJK provisions no.14POJK.03/2017 dated April 4, 2017 concerning Recovery Plans
   for Systemic Banks.					
2. As part of a banking entity in Indonesia, the Bank always strives to comply with the applicable regulations from
   regulators. On December 31, 2021 and 2020, the Bank’s capital is calculated following the provisions of POJK
   No.11/POJK.03/2016 dated January 29, 2016 concerning Minimum Capital Adequacy Requirement for Commercial
   Banks          										




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                                        Management Discussion and Analysis




         Credit Risk

Disclosure of Credit Quality of Assets

Bank Individually                                                                                                        (dalam jutaan rupiah)

                                    Gross Carrying Value                                      CKPN

                                     Claims                                                                            CKPN             Nilai
                                      That         Bills that        CKPN              Stage                        (Pendekatan        Bersih
                                     Have           are not                            2 dan         Stage 1            IRB)          (a+b-c)
                                     Been          yet due                            Stage 3
                                    Due Date

                                       a               b                c               d               e                f               g

 1       Loans                        1,042,180      65,262,538         604,816          321,455        283,361                       65,699,902

 2       Securities                            -     24,051,287                844               -           844                      24,050,443

 3       Securities/                           -                -                 -              -              -                                -
         Subordinated
         Receivables

 4       Securities sold with                  -     11,623,220                   -              -              -                     11,623,220
         an agreement to
         repurchase (Repo)

 5       Placements with Bank                  -      9,172,091                   -              -              -                      9,172,091
         Indonesia

 6       Placements with                       -      1,652,218               4,576              -          4,576                      1,647,643
         another bank

 7       Acceptance                            -                -                 0              -             0                                -0
         receivable

 8       Equity instruments                    -            668                   -              -              -                            668

 9       Other capital                         -                -                 -              -              -                                -
         instruments

 10      Participation in the                  -                -                 -              -              -                                -
         framework of national
         programs

 11      Interest Bills that have              -        959,355                   -              -              -                        959,355
         not been received

 12      Other receivable               102,196                 -           32,911          32,911              -                         69,284

 13      Other Assets                          -      9,365,628                   -              -              -                      9,365,628

 14      Administrative                        -        365,779                513               -           513                         365,266
         Account Transactions

         Total                        1,042,180     89,679,604          606,173         321,455         284,718                   -   90,115,611



Additional Disclosures
Due Receivables are debtors who have arrears of more than 90 days or collectability 3, 4 and 5.

Disclosure of credit quality of assets                                                                                   (dalam jutaan rupiah)

                                                    Bank Only                                                                     a

     1   Loans and securities that matured during the last reporting period                                                              858,632

     2   Loans and securities that have matured since the last reporting period                                                          540,929

     3   Loans and securities that have been repaid but have not yet matured                                                              40,644




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                                                                                          PT BANK MEGA Tbk           2023 Annual Report




                                                 Bank Only                                                                        a

  4    Write-off value                                                                                                                      98,422

  5    Other changes                                                                                                                   (218,314)

  6    Loans and securities matured at the end of the reporting period                                                                1,042,180
       (1+2-3-4+5)


Additional disclosures
Due Receivables are debtors who have arrears of more than 90 days or collectability 3, 4 and 5.

Disclosure of net receivables by region – Bank Only

                                                                                December 31, 2023
               Portfolio
 No.                                                                            Net Claims By Region
               Category
                                     Jakarta         Bandung        Surabaya          Semarang        Medan       Makassar        Banjarmasin

 (1)               (2)                   (3)            (4)               (5)           (6)             (7)         (8)               (9)

  1     Government Claims              44,510,991               -                 -               -           -               -                  -

  2    Claims to Public Sector            571,486               -                 -               -           -               -                  -
       Entitties

  3    Claims on Multilateral                    -              -                 -               -           -               -                  -
       Development Banks and
       International Agencies

  4    Bank Claims                      2,132,113               -                10               -           4            120               1,792

  5    Covered Bond Claims                       -              -                 -               -           -               -                  -

  6    Claims to Securities             1,005,579               -           90,886         60,377             -               -                  -
       Companies and Other
       Financial Services
       Institutions

  7    Receivables in the form of              668              -                 -               -           -               -                  -
       securities/subordinated
       receivables, equity and
       other capital instruments

  8    Residential Mortgage               449,687         88,078           107,732         22,771        37,167       12,488                22,321
       Loans

  9    Commercial Property              2,441,356        131,088           168,148        233,961       183,980           1,337             43,454
       Backed Credit

  10   Loan for land purchase,          3,172,664              59                 -       198,892             -               -                  -
       land development and
       construction

  11   Employee/Retirees Credit                631              -                 -               -           -           1,297                  -

  12   Micro Business, Small          16,546,762         459,055           795,446        476,454       487,384      374,057            249,551
       Business and Retail
       Portfolio Bills

  13   Claims to Corporate            40,326,405               25                 -           5,223           -       65,102                77,792

  14   Matured Claims                     634,754         10,640           106,688         50,656         6,295       41,478                 7,075

  15   Other Assets                  (20,189,486)      4,950,707         6,940,656      2,577,876     7,010,566     3,941,402         4,133,907

       Total                          91,603,608       5,639,653         8,209,566      3,626,211     7,725,397    4,437,281          4,535,892




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                                      Management Discussion and Analysis




Disclosure of Net Receivables by Economic Sector - Individual Banks 2023


                                                                              December 31, 2023

                                                                             Claims on                                       Claims to
                                                                            Multilateral                                     Securities
 No.     Economic Sectors                               Claims to                                              Covered
                                      Government                           Development          Bank                      Companies and
                                                       Public Sector                                            Bond
                                        Claims                               Banks and         Claims                     Other Financial
                                                         Entitties                                              Claims
                                                                           International                                      Services
                                                                             Agencies                                       Institutions

 (1)              (2)                    (3)               (4)                 (5)              (6)             (7)            (8)
  1    Agriculture, hunting and                    -                   -                   -               -          -                  -
       forestry
  2    Mining and excavation                       -                   -                   -               -          -                  -
  3    Processing industry                         -                   -                   -               -          -                  -
  4    Electricity, Gas and Water                  -                   -                   -               -          -                  -
  5    Water Management,                           -                   -                   -               -          -                  -
       Wastewater Management,
       Waste Management
       and Recycling, and
       Remediation Activities
  6    Construction                                -                   -                   -               -          -                  -
  7    Wholesale and                               -                   -                   -               -          -                  -
       Retail Trade; Car and
       Motorcycle Repair and
       Maintenance
  8    Transportation and                          -         571,486                       -               -          -                  -
       Warehousing
  9    Provision of                                -                   -                   -               -          -                  -
       accommodation
       andprovision of drinking
       meals
  10   Information and                             -                   -                   -               -          -                  -
       Communication
  11   Financial and Insurance                     -                   -                   -          84,082          -          1,156,842
       Activities
  12   Real Estate                                 -                   -                   -               -          -                  -
  13   Professional, Scientific                    -                   -                   -               -          -                  -
       and Technical Activities
  14   Leasing and Leasing                         -                   -                   -               -          -                  -
       Activities Without Option
       Rights, Employment,
       Travel Agents and Other
       Business Support
  15   Government                                  -                   -                   -               -          -                  -
       Administration, Defense
       and Compulsory Social
       Security
  16   Education Services                          -                   -                   -               -          -                  -
  17   Health services and social                  -                   -                   -               -          -                  -
       activities
  18   Arts, Entertainment and                     -                   -                   -               -          -                  -
       Recreation
  19   Other Service Activities                    -                   -                   -               -          -                  -

  20   Household Activities As                     -                   -                   -               -          -                  -
       Employers
  21   Activities of International                 -                   -                   -               -          -                  -
       Agencies and Other Extra
       International Agencies
  22   Household                                   -                   -                   -               -          -                  -
  23   Not other businesses                        -                   -                   -               -          -                  -
  24   Others                            44,510,991                    -                   -      2,049,958           -                  -
       Total                            44,510,991           571,486                       -    2,134,040             -         1,156,842


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                                                                                     PT BANK MEGA Tbk          2023 Annual Report




                                                                                                                    (in million rupiah)


    Receivables
     in the form                                                  Loans for land       Micro
   of securities/                      Commercial                   purchase,        Business,
                        Residential                  Employee/
   subordinated                         Property                      land         Small Business     Claims to    Matured        Other
                        Mortgage                      Retirees
    receivables,                         Backed                   development        and Retail       Corporate     Claims        Assets
                          Loans                        Credit
     equity and                          Credit                        and            Portfolio
   other capital                                                   construction        Claims
    instruments
       (9)                (10)           (11)          (12)           (13)             (14)             (15)        (16)          (17)
                    -         3,572              -            -        2,149,612          459,516      4,109,435             -             -


                    -              -             -            -           47,844              9,098    7,505,382      38,405               -
                    -        24,211       669,919             -                -           36,249      5,974,833      11,075               -
                    -         2,406              -            -                -                  -      337,022             -             -
                    -         8,630              -            -                -                  -            -             -             -




                    -        22,720       608,540             -          965,196          157,564      2,260,674      72,209               -
                    -       137,224        45,120             -                -          142,459        208,019      79,857               -




                    -        48,382        25,195             -                -        7,927,195        956,381     167,868               -

                    -        18,673      1,698,050            -                -           58,428        501,167      57,081               -




                    -            595       23,293             -                -           10,788     13,234,916       2,213               -

                    -         3,103         3,340             -                -                48     1,645,062     139,110               -

                    -       154,855       102,296             -          208,905           31,833      2,465,981      66,740               -
                    -         2,010              -            -                -           18,714      1,002,728             -             -

                    -         2,590        21,364             -                -              8,399            -       1,635               -




                    -              -             -            -                -                  -            -             -             -




                    -            120             -            -                -              2,167            -       5,455               -
                    -        52,183             98            -                -              7,833            -       1,026               -

                    -             65             -            -                -                  -      125,328             -             -

                    -         3,086              -            -                -              9,936            -             -             -

                    -            430             -            -                -              2,501            -           10              -

                    -                                                                                          -



                    -       255,390         6,111         1,928              59         2,503,276              -      45,615               -
                    -              -             -            -                -        7,956,878         12,550     100,003               -
               668                 -             -            -                -           45,827        135,069      69,284     9,365,628
               668         740,243      3,203,326        1,928        3,371,615        19,388,708     40,474,547    857,586      9,365,628



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                                    Management Discussion and Analysis




Disclosure of Net Receivables Based on Remaining Contract Term Individual Banks


                                                                                                                       (in million rupiah)

                                                                            December 31, 2023

                                                          Net Bill Based on the Remaining Contract Period
               Portfolio
 No.
               Category
                                                          > 1 year         > 3 years                            non-
                                      ≤ 1 year                                               > 5 years                          total
                                                         to 3 years        to 5 years                        contractual

 (1)              (2)                     (3)               (4)               (5)               (6)              (7)             (8)

  1    Government Claims                  7,584,896          2,153,120          250,170         27,700,371       6,822,433      44,510,991

  2    Claims to Public Sector                       -                 -                 -        571,486                  -       571,486
       Entitties

  3    Claims on Multilateral                        -                 -                 -               -                 -               -
       Development Banks and
       International Agencies

  4    Bank Claims                        1,287,093           201,071                    -               -         645,875       2,134,040

  5    Covered Bond Claims                           -                 -                 -               -                 -               -

  6    Claims to Securities                 342,342           741,761               72,739               -                 -     1,156,842
       Companies and Other
       Financial Services
       Institutions

  7    Receivables in the form of                    -                 -                 -               -             668              668
       securities/subordinated
       receivables, equity and
       other capital instruments

  8    Residential Mortgage Loans           148,773               85,734            90,041        415,695                  -       740,243

  9    Commercial Property                  163,790               32,357        391,535          2,615,645                 -     3,203,326
       Backed Credit

  10   Loan for land purchase,                  31,334            47,903            67,033       3,225,345                 -     3,371,615
       land development and
       construction

  11   Employee/Retirees Credit                   128               810               990                -                 -           1,928

  12   Micro Business, Small              3,690,845          9,438,160         5,450,073          809,630                  -    19,388,708
       Business and Retail
       Portfolio Bills

  13   Claims to Corporate                4,903,888          8,141,664        17,591,357         9,837,638                 -    40,474,547

  14   Matured Claims                       388,363           190,950           120,729           157,544                  -       857,586

  15   Other Assets                                  -                 -                 -               -       9,365,628       9,365,628

       Total                            18,541,452         21,033,529        24,034,668        45,333,355       16,834,604     125,777,608




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                                                                                    PT BANK MEGA Tbk          2023 Annual Report




Disclosure of Claims and Reserves by Region - Individual Bank


                                                                                                                      (in million rupiah)

                                                                     December 31, 2023

 No.     Description                                                        Region

                            Jakarta        Bandung         Surabaya        Semarang        Medan           Makassar        Banjarmasin

 (1)          (2)              (4)           (5)             (6)             (7)             (8)             (9)              (10)

  1    Receivables          112,388,660      6,444,815      10,051,814       4,488,477      8,760,214        5,258,585          5,043,316


  2    Impairment losses       1,979,527        38,405        150,335          68,836          27,509          63,830                18,563
       on Receivables

       a. Not yet due          1,028,334        18,403         19,654          11,261          12,217              8,937              6,813


       b. Past due              951,193         20,001        130,681          57,575          15,292          54,893                11,750


  3    Provision for            249,050            6,241       10,936              8,917           6,882           4,714              2,553
       impairment losses
       (CKPN) - Step 1

  4    Provision for             47,089            1,969           3,113           1,775           1,782           1,295               907
       impairment losses
       (CKPN) - Step 2

  5    Provision for            253,387            5,269       16,552              4,752           3,449           9,409              3,620
       impairment losses
       (CKPN) - Step 3

  6    Deleted book             237,147         20,233         46,608          13,648          22,252          15,710                 6,245
       claims




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                                      Management Discussion and Analysis




Disclosure of Claims and Provisions Based on Economic Sector - Individual Bank


                                                                                December 31, 2023
                                                           Impaired               Allowance Allowance Allowance
                                                          Receivables                 For       For        For
 No.       Economic Sector                                                       Impairment Impairment Impairment               Claim-
                                           Claims
                                                        Not                         Losses    Losses     Losses                  Off
                                                                     Past
                                                        Past                       (CKPN) -  (CKPN) -   (CKPN) -
                                                                     Due
                                                        Due                         Stage 1   Stage 2    Stage 3
 (1)                  (2)                    (3)         (4)         (5)            (6)           (7)             (8)            (9)
 31 Desember 2023
  1    Agriculture, hunting and             8,338,771          451          -             8,816           32                -            -
       forestry
  2    Mining and excavation                7,976,735            -    60,910          10,105                -       22,505               -
  3    Processing industry                  7,432,531          408    18,382          88,680              27            7,308            -
  4    Electricity, Gas and Water             339,528            -          -              463              -               -            -
  5    Water Management,                        8,630            -          -               88              -               -            -
       Wastewater Management,
       Waste Management and
       Recycling, and Remediation
       Activities
  6    Construction                         8,092,062      3,255      83,537              6,797          416        11,328               -
  7    Wholesale and Retail Trade;            926,144     10,235      89,617              1,429         1,395           9,760            -
       Car and Motorcycle Repair
       and Maintenance
  8    Transportation and                  10,430,953    768,364     244,273          16,573         20,421         76,405               -
       Warehousing
  9    Provision of accommodation           2,342,425      3,365      60,905              3,216          425            3,824            -
       andprovision of drinking meals
  10   Information and                     13,304,439          150     3,267          17,880              16            1,054            -
       Communication
  11   Financial and Insurance              5,983,951     19,171     194,821              3,527          664        55,711               -
       Activities
  12   Real Estate                          3,050,567          160    69,972          10,210              11            3,232            -
  13   Professional, Scientific and         1,026,134      1,633            -             1,379          169                -            -
       Technical Activities
  14   Leasing and Leasing Activities          35,961      1,659       2,413                51           108             778             -
       Without Option Rights,
       Employment, Travel Agents
       and Other Business Support
  15   Government Administration,                   -            -          -                 -             -               -            -
       Defense and Compulsory
       Social Security
  16   Education Services                      11,427            -     6,306                 1              -            851             -




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                                                                                                    PT BANK MEGA Tbk             2023 Annual Report




                                                                                          December 31, 2023
                                                               Impaired                     Allowance Allowance Allowance
                                                              Receivables                       For       For        For
 No.          Economic Sector                                                              Impairment Impairment Impairment                            Claim-
                                            Claims
                                                             Not                              Losses    Losses     Losses                               Off
                                                                           Past
                                                             Past                            (CKPN) -  (CKPN) -   (CKPN) -
                                                                           Due
                                                             Due                              Stage 1   Stage 2    Stage 3
 (1)                   (2)                     (3)            (4)           (5)                (6)               (7)                   (8)                 (9)
     17   Health services and social             73,480             233       1,515                    86                19                   489                  -
          activities
     18   Arts, Entertainment and              125,393                -               -               169                    -                   -                 -
          Recreation
     19   Other Service Activities               13,267               -               -                34                    -                   -                 -
     20   Household Activities As                  3,098              -           15                    5                    -                  5                  -
          Employers
     21   Activities of International                   -             -               -                  -                   -                   -                 -
          Agencies and Other Extra
          International Agencies
     22   Household                           2,825,914      119,337        59,150                   5,379             3,056                13,534                 -

     23   Not other businesses              23,876,414       177,199       244,107              108,474            31,170                   56,744         361,781

     24   Others                            56,218,058                -    102,196                   5,933                   -              32,911                61

          Total                            152,435,881      1,105,620     1,241,384             289,294            57,929                  296,438         361,842




Disclosure of receivables based on days past due - individual banks


                                                                                               December 31, 2023

                                                                                          Invoices based on days past due
 No.                    Exposure Type
                                                             >90 hari s.d.                >120 hari s.d.
                                                                                                                 >180 hari                           Total
                                                               120 hari                     180 hari

     a                           b                                    c                         d                        e                             f

 1        Loans included in past due receivables                           90,117                     208,019                743,985                 1,042,122

 2        Securities included in past due receivables                             -                          -                         -                           -

          Total                                                            90,117                    208,019                 743,985                  1,042,122




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                                Management Discussion and Analysis




Additional Disclosures Relating to the Treatment of Troubled Assets




                                                                         Performing
                                                                     (Kualitas L dan DPK)



                                                  Gross carrying
                                                                                                       CKPN
                                                     amount

                                                          a                                               b

  1    Securities                                                     24,051,287                                               844

  2    Loans                                                          65,262,538                                            341,290

       a. Corporate                                                   47,920,672                                            153,426

       b. Retail                                                      17,341,866                                            187,864

  3    Management Account                                             29,551,061                                               513
       Transactions




Disclosure of performing and non-performing restructuring assets


                                                    Performing                                   Non Performing
                                                (Kualitas L dan DPK)                            (Kualitas KL, D, M)

                                            Gross carrying                                 Gross carrying
                                                                     CKPN                                             CKPN
                                               amount                                         amount

                                                   a                      b                       c                     d

  1    Securities                                                -                  -                          -                  -

  2    Loans                                             2,794,955            106,192                    606,357            116,481

       a. Corporate                                      2,436,748             93,569                    395,856             72,112

       b. Retail                                           358,207             12,623                    210,501             44,369

  3    Management Account Transactions                     143,526                  -                     12,252                  -




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                                                                                      PT BANK MEGA Tbk       2023 Annual Report




                                                           Non Performing

                                                                       Receivables that are not impaired
        Impaired Receivables
                                                          Past due >90 days                         <90 days past due

    Gross carrying                                   Gross carrying                            Gross carrying
                                   CKPN                                         CKPN                                      CKPN
       amount                                           amount                                    amount

           c                        d                      e                      f                   g                    h

                           -                     -                      -                 -                       -                   -

                   1,042,180            263,526                         -                 -                       -                   -

                    403,158              72,365                         -                 -                       -                   -

                    639,022             191,162                         -                 -                       -                   -

                     97,066                      -                      -                 -                       -                   -




                    Stage 1                                      Stage 2                                    Stage 3

      Gross carrying                                  Gross carrying                           Gross carrying
                                    CKPN                                        CKPN                                      CKPN
         amount                                          amount                                   amount

               e                        f                   g                     h                   i                     j

                               -                 -                          -             -                           -               -

                      2,733,735             97,395                    61,220          8,796                   606,357           116,481

                      2,429,177             93,265                     7,571           304                    395,856            72,112

                        304,558              4,130                    53,649          8,493                   210,501            44,369

                        130,963                  -                    12,563              -                    12,252                 -




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                                        Management Discussion and Analysis




Quantitative Disclosures Related to MRK Techniques

Bank Only                                                                                                                     (dalam jutaan rupiah)

                                         Bills That
                                                                   Bills                               Bills Secured
                                         Are Not                                    Bills                                          Bills Secured
                                                               Guaranteed                             by Guarantee,
                                        Guaranteed                               Secured by                                          by Credit
                                                                with MRK                             Guarantee, and
                                        Using MRK                                 Collateral                                        Derivatives
                                                               Techniques                            Credit Insurance
                                        Techniques

                                             a                     b                 c                        d                         e

 1    Loans                                  63,101,891             2,598,011         2,598,011                       -

 2    Securities                             24,050,443                      -                 -                      -

 3    Total                                  87,152,334             2,598,011         2,598,011                       -

 4    Credit and Securities which                777,991                  664              664                        -
      have matured




Additional Disclosures
Most receivables guaranteed by the MRK Technique are contributed by credit with a Government guarantee.

Disclosure of Credit Risk Exposure and Impact of MRK Techniques

Bank Only                                                                                                                     (dalam jutaan rupiah)

                                          Net Receivables before                  Net Receivables After
                                                                                                                    RWA and average risk
                                          implementation of FKK                  Implementation of FKK
                                                                                                                          weight
                                           and MRK techniques                      and MRK Techniques

      Portfolio Category                                                                                                               Average
                                           Financial                              Financial
                                                                                                                                         Risk
                                           Position               TRA             Position            TRA            ATMR
                                                                                                                                       Weight
                                            Report                                 Report
                                                                                                                                       (e/(c+d)

                                                 a                  b                c                 d                  e                 f

 1    Government Claims                       44,510,991                     -      44,510,991                  -                  -              0.0%

 2    Claims to Public Sector                     569,333               21,530             645              2,153              1,399             50.0%
      Entitties

 3    Claims on Multilateral                               -                 -                 -                -                  -                 -
      Development Banks and
      International Agencies

 4    Bank Claims                                1,951,631             182,408       1,951,631           182,408           448,271               21.0%

      Claims to Securities                        930,435          2,264,071          930,435            226,407           867,632               75.0%
      Companies and Other
      Financial Services Institutions

 5    Covered Bond Claims                                  -                 -                 -                -                  -                 -

 6    Claims on Corporations -                10,169,288           2,607,522        10,018,142           377,396          9,413,232              90.6%
      General Corporate Exposure

      Claims to Securities                                 -                 -                 -                -                  -                 -
      Companies and Other
      Financial Services Institutions

      Eksposur Pembiayaan Khusus              29,309,487           6,183,769        27,635,273           618,377      30,182,299                106.8%




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                                                                                PT BANK MEGA Tbk          2023 Annual Report




                                      Net Receivables before         Net Receivables After
                                                                                                      RWA and average risk
                                      implementation of FKK         Implementation of FKK
                                                                                                            weight
                                       and MRK techniques             and MRK Techniques

      Portfolio Category                                                                                              Average
                                      Financial                     Financial
                                                                                                                        Risk
                                      Position        TRA           Position            TRA              ATMR
                                                                                                                      Weight
                                       Report                        Report
                                                                                                                      (e/(c+d)

                                          a            b                c                 d               e              f

  7   Receivables in the form of               668              -            668                  -           1,669          250.0%
      securities/subordinated
      receivables, equity and other
      capital instruments

  8   Micro Business, Small             17,530,605    18,174,356      17,327,305          1,858,103      14,186,661           73.9%
      Business and Retail Portfolio
      Claims

  9   Property Backed Credit                      -             -               -                 -               -               -

      Residential property-backed         732,451          39,146       732,451               3,915        365,137            49.6%
      loans where payments are
      not materially dependent on
      property cash flows

      Residential property-backed             3,871           61            3,871                6            1,770           45.7%
      loans whose payments are
      materially dependent on
      property cash flows

      Commercial property-backed         1,499,069          9,973      1,499,069               997        1,207,691           80.5%
      loans where payments are
      not materially dependent on
      property cash flows

      Commercial real estate             1,697,748         55,111      1,697,748              5,511       1,534,954           90.1%
      loans where payments are
      materially dependent on cash
      flows from the property

      Loans for land acquisition,        3,370,304         13,113      3,370,304              1,311       4,474,375          132.7%
      development and
      construction

 10   Other Assets                       9,365,628              -      9,365,628                  -       9,173,945           98.0%

 11   Matured Claims                      847,880          97,066       847,216               9,707       1,020,318          119.1%

 12   Employee/Retirees Credit                1,928             -           1,928                 -             964           50.0%

 13   Total                            122,491,316    29,648,128     119,893,305          3,286,292      72,880,316           59.2%




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                                      Management Discussion and Analysis




Disclosure of net receivables based on risk weight after taking into account the effect of credit risk mitigation – Bank Only
Other banks

                                                                                                                                                                     (dalam jutaan rupiah)

                                                                                                                                                                     Net Receivables
                                                                                                                                                                     after application
     Portfolio Category              0%                    20%                   50%               100%               150%                     Others
                                                                                                                                                                      of FKK and MR
                                                                                                                                                                        techniques

 1     Government Claims         44,510,991                              -                -                      -                 -                         -                  44,510,991




                                                                                                                                                                      Net Receivables
                                                                                                                                                                      after application
     Portfolio Category               20%                        50%                     100%                        150%                      Others
                                                                                                                                                                       of FKK and MR
                                                                                                                                                                         techniques

 2     Claims to Public Sector                         -                 571,486                         -                         -                         -                       2,798
       Entitties




                                                                                                                                                                      Net Receivables
                                                                                                                                                                      after application
     Portfolio Category              0%                20%               30%             50%         100%              150%                    Others
                                                                                                                                                                       of FKK and MR
                                                                                                                                                                         techniques

 3     Claims on Multilateral    -                 -                 -               -               -                 -               -                              -
       Development Banks
       and International
       Agencies




                                                                                                                                                                      Net Receivables
                                                                                                                                                                      after application
     Portfolio Category              20%           30%               40%          50%              75%               100% 150%                      Others
                                                                                                                                                                       of FKK and MR
                                                                                                                                                                         techniques

 4     Bank Claims               1,919,411         214,628                   -            -                  -             -               -                     -               2,134,040

       Claims to Securities                -                 -               -            -    1,156,842                   -               -                     -               1,156,842
       Companies and Other
       Financial Services
       Institutions




                                                                                                                                                                             Net
                                                                                                                                                                         Receivables
     Portfolio Category          10%           15%               20%              25%          35%               50%           100%                 Others            after application
                                                                                                                                                                       of FKK and MR
                                                                                                                                                                         techniques

 5     Covered Bond Claims       -             -                 -               -             -                 -             -                -                     -




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                                                                                                      PT BANK MEGA Tbk             2023 Annual Report




                                                                                                                                                 Net
                                                                                                                                              Receivables
                                                                                                                                                 After
     Portfolio        20%        50%       65% 75%            80%          85%            100%         130%         150%       Lainnya      Implementation
     Category
                                                                                                                                                of FKK
                                                                                                                                               and MRK
                                                                                                                                              Techniques

 6     Claims to      88,861     146,809        -       -            -    5,731,671      4,579,343             -          -             -         10,395,538
       Corporate

       Claims to             -         -        -       -                            -            -                       -             -                  -
       Securities
       Companies
       and Other
       Financial
       Services
       Institutions

       Special               -         -                -    1,931,942                   21,279,129    6,716,793          -             -         28,253,650
       Financing
       Exposure




                                                                                                                                         Tagihan Bersih
     Portfolio Category               75%             100%               150%            250%            400%            Lainnya        Setelah FKK dan
                                                                                                                                          Teknik MRK

 7     Receivables in the                       -                -               -             668                  -               -                   668
       form of securities/
       subordinated
       receivables, equity
       and other capital
       instruments




                                                                                                                                                 Tagihan
                                                                                                                                                  Bersih
                                                                                                                                                 Setelah
     Portfolio Category              45%            67,5%       75%          85%          100%         112,5%           150%       Lainnya
                                                                                                                                                 FKK dan
                                                                                                                                                  Teknik
                                                                                                                                                   MRK

 8     Micro Business, Small        1,049,594          520    17,631,299     577,325       119,789         10,181              -             -    19,185,408
       Business and Retail
       Portfolio Claims




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                                       Management Discussion and Analysis




        Portfolio Category                    0%             20%       25%        30%        35%       40%       45%          50%       60%        65%


9     Property Backed Credit

      Residential property-backed loans              -   155,694       27,354     138,557          -   12,890     8,014       39,495      6,225           -
      where payments are not materially
      dependent on property cash flows


          without credit sharing                     -             -         -           -         -         -            -         -         -           -

          With credit sharing approach                             -
          (guaranteed)


          With credit sharing approach               -             -                     -                   -                      -                     -
          (guaranteed)

      Residential property-backed loans                                             2,615          -                 864                      -
      where payments are not materially
      dependent on property cash flows

      Commercial property-backed loans               -             -                     -                   -                      -   243,314           -
      where payments are not materially
      dependent on property cash flows

          without credit sharing                     -             -                     -                   -                      -         -

          With credit sharing approach                                                                                                        -
          (guaranteed)

          With credit sharing approach               -             -                     -                   -                      -                     -
          (guaranteed)

      Commercial real estate loans where
      payments are materially dependent
      on cash flows from the property

      Loans for land acquisition,
      development and construction




                                                                                                                              Net Receivables
                                                                                                                              after application
Portfolio Category                   50%                      100%                      150%               Lainnya
                                                                                                                               of FKK and MR
                                                                                                                                 techniques

10     Matured Claims                            -                     530,192                327,395                 -                            856,923




                                                                                                                              Net Receivables
                                                                                                                              after application
Portfolio Category             0%             20%             100%               150%        1250%         Lainnya
                                                                                                                               of FKK and MR
                                                                                                                                 techniques

11     Other Assets                855,222               -     7,183,328         1,327,078             -              -                           9,365,628




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                                                                                           PT BANK MEGA Tbk           2023 Annual Report




                                                                                                                            Net Receivables
                                                                                                                            after application
  70%           75%            85%         90%          100%         105%        110%        150%         Others
                                                                                                                             of FKK and MR
                                                                                                                               techniques

                                                                                                                                                -

      224,705      98,240        17,672             -           -       3,045                         -           4,476                  736,366




            -              -           -            -           -            -                        -               -                         -

                                                                                                                      -                         -



                           -           -                        -                                     -               -                         -


                           -                                                 -                      398               -                    3,877



                   65,371      1,191,382                        -                                     -               -                1,500,066



                                                                                                                      -                         -

                                                                                                                      -                         -


                           -           -                        -                                     -               -                         -


      960,438                               3,580                                623,591      115,651                 -                1,703,259



                                                        1,166,096                            2,205,520                -                3,371,615




                                                                                                                          Net Receivables
                                                                                                                          after application
 Portfolio Category                  50%                   100%                   150%               Others
                                                                                                                           of FKK and MR
                                                                                                                             techniques

 12      Employee/                          1,928                                                                                         1,928
         Retirees Credit                                                 -                      -             -




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                              Management Discussion and Analysis




Exposure information by asset class and risk weight


                                                                                                    Net Receivables (after
                         Net Receivables         TRA Net Receivables              Average
 No     Risk Weight                                                                                 application of FKK and
                          Balance Sheet             (before FKK)                    FKK
                                                                                                       MRK technique)

  1         <40%                    47,709,161                        305,197             90,0%                         47,914,507

  2        40%-70%                   2,777,372                      4,889,092             10,0%                          2,630,102

  3          75%                    17,326,607                     15,892,011             10,2%                         18,818,533

  4          80%                     1,502,148                      4,297,932             10,0%                           431,942

  5          85%                     7,419,754                        982,960             10,0%                          7,371,798

  6       90%-100%                  34,470,297                      2,804,497             11,5%                         34,679,699

  7       105%-130%                  7,312,093                        448,204             10,0%                          7,356,913

  8         150%                     3,973,217                         28,234             10,0%                          3,975,436

  9         250%                           668                              -                  -                              668

 10         400%                             -                              -                  -                                 -

 11         1250%                            -                              -                  -                                 -

      Total Net
 12                               122,491,316                      29,648,128             11,1%                       123,179,597
      Receivables




Qualitative Disclosures on Counterparty Credit Risk

Counterparty credit risk exposure currently consists of government reverse repo and derivative transactions arising from
the portfolio category of loans and advances to banks and loans and advances to corporates.

The Bank has a comprehensive risk management framework in place, which includes monthly monitoring of the
Counterparty Credit Risk exposure, including the measurement of the Potential Future Exposure (PFE), and at least
annual stress testing of the Credit Valuation Adjustment (CVA), which is reported to the regulator.




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                                                                                         PT BANK MEGA Tbk         2023 Annual Report




Counterparty Credit Risk Exposure Analysis


                                                                              December 31, 2023

                                                                                           Alpha used for
                                     Replacement           Potential future                                          Net
                                                                                  EEPE     regulatory EAD                          ATMR
                                       cost (RC)           exposure (PFE)                                         Receivables
                                                                                             calculations

  1       SA-CCR (for derivatives)               20,974                  18,143                             1,4          54,763    27,709

  2       Internal model                                                                                                   N/A         N/A
          approach (for
          derivatives and SFT)

  3       Simple approach to                                                                                               N/A         N/A
          credit risk mitigation
          (for SFT)

  4       Comprehensive                                                                                                       -           -
          credit risk mitigation
          approach (for SFT)

  5       VaR for SFT                                                                                                      N/A         N/A

 Total                                                                                                                             27,709



Qualitative Analysis
Counterparty credit risk exposure December 2023 consists of derivative exposures arising from claims on the government,
claims on banks and claims on corporates..

Capital charge for credit valuation adjustment (CVA)


                                                                                                   December 31, 2023
                                        Indonesia
                                                                                            Clean bill                   ATMR
         Total portfolio based on Advance CVA capital charge                                    N/A                         N/A

  1      (i) VaR components (including 3x multiplier)                                                                      N/A

  2      (ii) Stressed VaR component (including 3x multiplier                                                               N/A

  3      All portfolios subject to Standardized CVA Capital Charge                             52,219                     26,935

  4      Total according to CVA Capital Charge                                                 52,219                     26,935




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                                  Management Discussion and Analysis




Counterparty credit risk exposure by portfolio category and risk weight


                                                                  December 31, 2023

 Portfolio Category                                                                                                      Total
                             0%         10%        20%         50%          75%       100%       150%       Others        Net
                                                                                                                         Billing

Government Claims           7,215,441          -           -           -          -          -          -            -   7,215,441

Claims to Public Sector             -          -           -           -          -          -          -            -             -
Entitties

Claims on Multilateral              -          -           -           -          -          -          -            -             -
Development Banks and
International Agencies

Bank Claims                         -          -      33,437           -          -          -          -       507         33,944

Covered Bond Claims                 -          -           -           -          -          -          -            -             -

Claims to Securities                -          -           -           -          -          -          -            -             -
Companies and Other
Financial Services
Institutions

Receivables in the                  -          -           -           -          -          -          -            -             -
form of securities/
subordinated receivables,
equity and other capital
instruments

Residential Mortgage                -          -           -           -          -          -          -            -             -
Loans

Commercial Property                 -          -           -           -          -          -          -            -             -
Backed Credit

Loans for land purchase,            -          -           -           -          -          -          -            -             -
land development and
construction

Employee/Retirees Credit            -          -           -           -          -          -          -            -             -

Micro Business, Small               -          -           -           -          -          -          -            -             -
Business and Retail
Portfolio Claims

Claims to Corporate                 -          -           -           -          -    20,819           -            -      20,819

Matured Claims                      -          -           -           -          -          -          -            -             -

Other Assets                        -          -           -           -          -          -          -            -             -

Total                       7,215,441          -     33,437            -          -    20,819           -       507      7,270,204




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                                                                         PT BANK MEGA Tbk      2023 Annual Report




Net credit derivative exposure
As of December 2023, the Bank has no net credit derivative exposure for either purchased protection or sold protection.

Qualitative Disclosures on Securitization Exposures
As of December 2023, the Bank has no securitization exposure.

Securitization of the banking book
As of December 31, 2023, the Bank has no securitization exposure in the banking book.

Trading book securitization
As of December 31, 2023, the Bank has no securitization exposure in the banking book.

Securitization exposure in the banking book and related capital requirements - Bank acts as originator or sponsor
As of December 31, 2023, the Bank has no securitization exposure in the banking book and related capital requirements
- Bank acts as originator or sponsor

Banking book securitization exposures and related capital requirements - Bank acts as investor
As of December 31, 2023, the Bank has no securitization exposure in the banking book and related capital requirements
- Bank acts as investor




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                                    Management Discussion and Analysis




           Risiko Pasar


Disclosure of Market Risk use Standard Method


                                                                         December 31, 2023

 No.            Portfolio                            Bank                                             Consolidation
                Category

                                 Capital Expenses                 RWA                   Capital Expenses                RWA

 (1)                (2)                  (3)                       (4)                          (5)                       (6)
       1    Interest Rate Risk

            a. Specific Risk                          -                           -                          -                         -

            b. General Risk                      94,437                   1,180,457                          -                         -

       2    Exchange Rate Risk                   12,918                     161,471                          -                         -

       3    Equity Risk *)                            -                           -                          -                         -

       4    Comodity Risk *)                          -                           -                          -                         -

       5    Option Risk                               -                           -                          -                         -

       6    CVA                                                              26,935

            Total                              107,354                    1,368,863                          -                         -




Disclosure of market risk using internal models (value at risk)

As of December 31, 2023 and December 31, 2022, the Company does not have any market risk using internal models
(Value at Risk).



Report on the Implementation of Risk Management for Interest Rate Risk in Banking Book (IRRBB)


            Report on the Implementation of Risk Management for Interest Rate Risk in Banking Book (IRRBB)

                                                          Analisis Kualitatif

 1.        IRRBB Definition for Measurement and Control of Interest Rate Risk

           IRRBB is a risk arising from changes in interest rates that cause changes in present value and determination
           of timing of future cash flows that affect the economic value of assets, liabilities, and administrative account
           transactions of the Bank and cause changes in the value of net interest income. Because its effects affect the
           economic value and income, the Bank needs to accurately identify risks and calculate and report IRRBB to OJK in
           accordance with the regulated standards and references so that they can carry out appropriate corrective actions.

 2.        Risk Management Strategy and Risk Mitigation for IRRBB

           The Bank prepares a Risk Management Strategy and Risk Mitigation by determining the level of risk to be
           taken (risk appetite) and risk tolerance in line with the Bank’s business strategy and policies and procedures for
           controlling IRRBB. The form of policies and procedures provides an overview of the delegation of power, authority
           and responsibility for each level of position and hedging strategy. In addition, the Bank needs to pay attention
           to the gap risk, basis risk, or certain positions with embedded options and explicit options. Furthermore, IRRBB
           Risk Management policies and procedures need to be reviewed at least 1 (one) time in 1 (one) year.




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                                                                            PT BANK MEGA Tbk       2023 Annual Report




                                                      December 31, 2023

                            Bank                                                    Consolidation

      Capital Expenses                      RWA                     Capital Expenses                     RWA

              (7)                             (8)                           (9)                          (10)


                              -                                -                           -                              -

                         64,018                          800,226                           -                              -

                          3,482                           43,531                           -                              -

                              -                                -                           -                              -

                              -                                -                           -                              -

                              8                              97                            -                              -

                                                             73                                                           -

                        67,508                          843,927                            -                              -




      Periodization of IRRBB Calculations and Specific Measurements Used by Banks to Measure Sensitivity
 3.
      to IRRBB

      Based on the rules of the regulator, the Bank carries out an IRRBB calculation every 3 (three) months in accordance
      with the reporting period of Market Risk Profile and Bank Soundness Reporting. However, the Bank continues to
      make monthly IRRBB calculations as a form of risk control. Specific measurements are used for asset and liability
      instruments that have behavioral properties such as Credit Prepayment Rate (CPR) on Credit exposures, Term
      Deposit Redemption Ratio (TDRR) on Deposit exposures, and Behavioral Non Maturity Deposit (NMD) exposure
      on Savings or Demand Deposits using historical data. In addition, it also calculates the cash flow projection for
      monthly installment payments for credit instruments with fixed rate types, while for loans with floating rate types,
      it is determined to have a repricing period of 1 (one) month

 4.   Interest Rate Shock Scenarios and Stress Scenarios Used by Banks in IRRBB Calculations Using EVE and NII

      Based on the regulatory provisions, the Bank applies 6 (six) types of interest rate shock scenarios for the DEVE
      calculation, namely Parallel Up, Parallel Down, Steepener, Flattener, Short Rates Up and Short Rates Down. Whereas
      the DNII calculation uses 2 (two) shock scenarios, namely Parallel Up and Parallel Down. In the process of interest
      rate shock scenario, the Bank uses 2 (two) types of currencies, namely Rupiah and foreign currencies using the US
      Dollar approach. For the scenario of interest rate shock with a Parallel type, the Bank uses a change in the value of
      the interest rate of 400 bps for Rupiah and 200 bps for US Dollar. Whereas in the short condition use the amount
      of changes in interest rates of 500 bps (Rupiah) and 300 bps (US Dollar) and for the long condition use the change
      in interest rates of 350 bps (Rupiah) and 150 bps (US Dollar) respectively. The entire amount follows the rules of
      the regulator.

      Modeling Assumptions that Significantly Impact IRRBB Calculations, which are different from the IRRBB
 5.
      Calculation with a Standard Approach

      All modeling assumptions made by the Bank in the calculation of IRRBB are in accordance with the standard and
      reference approaches set by the Regulator. So for now the Bank does not have specific modeling assumptions
      that have a different approach from the standard approach.




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                              Management Discussion and Analysis




6.    Hedging against IRRBB (if any) and related Accounting Treatment

      Currently the Bank does not take any hedging measures against IRRBB.

      Comprehensive explanation of the main assumptions of modeling and parametric used to calculate EVE
7.
      and NII:

      a.     Credit Prepayment Rate (CPR)

             The Bank determines the Credit Prepayment Risk (CPR) model based on the longest historical data held
             by the Bank with the 2007 – 2019 data period. The determination of the CPR rate is done by comparing
             the credit ceiling that has an accelerated repayment status (Prepayment) with all credit ceiling owned by
             the data historically, both the repayment status is accelerated, paid off according to the maturity date,
             and those that are still active. Furthermore, the CPR rate value obtained is used as an initial assumption
             of potential Credit whose repayment will be accelerated in the calculation of IRRBB cash flow projections.

      b.     Term Deposit Redemption Ratio (TDRR)

             The Bank determines the Term Deposit Redemption Ratio (TDRR) model based on the longest historical
             data held by the Bank with the 2007 – 2019 data period. The determination of the TDRR rate is carried
             out by comparing the outstanding deposits that have an early redemption status with all outstanding
             deposits that are owned in historical data, whether the status of the disbursement is accelerated, the
             status of the disbursement is in accordance with the due date, and the status is still active. Furthermore,
             the TDRR rate value obtained is used as an initial assumption of potential Deposits whose disbursement
             will be accelerated in the calculation of IRRBB cash flow projections.

      c.     Non-Maturity Deposit (NMD)

             The Bank divides NMD into 3 (three) based on rules, namely Transactional, Non-Transactional, and
             Corporate (Wholesale). Where the approach uses the assumption of stable and unstable deposits from
             the Liquidity Coverage ratio (LCR) calculation model to determine Transactional and Non-Transactional
             nominal. The Transactional Category is assumed to be a stable deposit while the Non-Transactional
             Category is assumed to be an unstable savings on LCR. For Corporate deposits (Wholesale) only differ by
             the customer field of business. The Bank determines the amount of core deposit for Savings and Current
             Accounts using historical data for 10 (ten) years from 2009 - 2019. Where the assumption of core deposits
             used is the minimum nominal value of Savings and Current Accounts during the period of historical data
             and the minimum value is placed on bucket repricing that fits the NMD category. Furthermore, if the
             nominal Savings and Current Accounts at the reporting date exceeds the minimum value (core deposit),
             the excess is considered as non-core deposits that will be placed on overnight bucket repricing.

      d.     Aggregation Method between Currencies and Significant Interest Rate Correlations between Currencies

             The Bank needs to aggregate the EVE calculation calculation between each currency in order to obtain a
             consolidated value of all currencies that describe the Bank’s condition in general. The bank takes an aggregation
             value of 50% which will be used to weight the value of EVE calculation in foreign currency. Where the rules
             used are if the value of EVE in the calculation of foreign exchange experiences a profit, then only 50% of the
             value of the EVE is taken to add up to the value of EVE in Rupiah. However this does not apply if the value
             of EVE foreign currency losses.

8.    Other information

      None

                                                  Qualitative Analysis

1.    Average Repricing Maturity Period applied for NMD

      The bank follows the rules of the regulator by setting the average period of repricing maturity for NMD in the
      range of 5 years for transactional NMD, 4.5 years for non-transactional NMD, and 4 years for corporate NMD.

2.    The longest period of repricing maturity applied for NMD

      The Bank follows the rules of the regulator by applying the repricing maturity period for NMD in the range of 5
      years for Transactional NMD, 4.5 years for Non-Transactional NMD, and 4 years for NMD Corporations.




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                                                                                   PT BANK MEGA Tbk          2023 Annual Report




Report of Interest Rate Risk in Banking Book (IRRBB) Calculations

                                                                                                                    *dalam Juta Rupiah


                                       ΔEVE                     ΔEVE                      ΔNII                        ΔNII
 No     Shock Scenario
                                 December 31, 2023        September 30, 2023       December 31, 2023          September 30, 2023

  1     Paralel UP (400 bps)                  4,690,791                4,462,146                  917,280                     802,385


  2     Paralel Down (400 bps)             (6,432,084)               (6,173,735)                 (832,626)                   (719,350)


  3     Steepener                             2,823,453                2,893,257


  4     Flattener                          (1,956,786)               (2,061,552)


  5     Short Rate Up                         1,005,374                 807,254


  6     Short Rate Down                       (909,568)                (715,669)


 Maximum Loss Value                           4,690,791                4,462,146                  917,280                     802,385
 (Absolute)

 Equity Tier 1 (for DEVE) or               21,629,215                20,585,503                  5,539,483                   5,539,483
 Projected Income (for DNII)

 Maximum Value divided by                       21.69%                   21.68%                    16.56%                      14.48%
 Equity Tier-1 (for DEVE) or
 Projected Income (for DNII)




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                                       Management Discussion and Analysis




Value Disclosure of Liquidity Coverage Ratio (LCR)


                                                                                           INDIVIDUAL

                                                                                      Quarter IV 2023

 No                     Component                                                             HQLA Value after haircut, liability
                                                            Liability Outstanding
                                                                                               outstanding and Commitment
                                                           value and Commitment/
                                                                                                 multiplier by run-off rate or
                                                              Contractual Claim
                                                                                            contractual claim values multiplier by
                                                                     Values
                                                                                                         inflow rate.
    1   Total data Poin used in LCR Calculation                                             Average of 3 (three) position at the end of month

HIGH QUALITY LIQUID ASSET (HQLA)

    2   Total High Quality Liquid Asset (HQLA)                                                                                     35,437,092

ARUS KAS KELUAR (CASH OUTFLOW)

    3   Deposits from individual customer and funding                       31,743,086                                              2,728,402
        come from SME Customer is consisting of:

        a.   Deposits/Stable Funding                                         8,918,141                                                445,907

        b. Deposits/Non Stable Funding                                      22,824,945                                              2,282,494

    4   Funding come from Corporate                                         36,546,850                                             21,492,624
        customer is consisting of:

        a.   Operational deposits                                            7,790,184                                              1,853,102

        b. Non- Operational deposits and/or other non-                      28,756,666                                             19,639,521
           operasional liabilities

        c.   Securities in the form of bond issued by                                  -                                                        -
             the bank

    5   Secured funding                                                                                                                         -

    6   Other cash outflow (additional requirement),                          421,535                                                 409,076
        consits of:

        a.   Cash outflow on derivative transactions                               9,385                                                9,385

        b. Cash outflow on liquidity increment                                         -                                                        -

        c.   Cash outflow on funding losses                                            -                                                        -

        d. Cash outflow on commitment withdrawal of                                    -                                                        -
           credit facilities and liquidity facilities

        e.   Cash outflow on other contractual liability                               -                                                        -
             related to fund distribution

        f.   Cash outflow on other funding contingency                            12,843                                                  385
             liabilities

        g. Cash outflow on other contractual                                  399,307                                                 399,307

7       Total Cash Outflow                                                                                                        24,630,102




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                                                                               PT BANK MEGA Tbk            2023 Annual Report




                                                         INDIVIDUAL

                                                      Quarter III 2023

                                                                           HQLA Value after haircut, liability
                Liability Outstanding                                       outstanding and Commitment
               value and Commitment/                                          multiplier by run-off rate or
               Contractual Claim Values                                  contractual claim values multiplier by
                                                                                      inflow rate.
                                                                                    Rata-rata dari 3 (tiga) posisi akhir bulan terakhir



                                                                                                                          39,755,975



                                                      32,060,471                                                            2,727,974


                                                       9,561,466                                                              478,073

                                                      22,499,005                                                            2,249,901

                                                      38,579,374                                                          23,366,563


                                                       5,547,726                                                            1,290,155

                                                      33,031,648                                                          22,076,408


                                                               -                                                                      -


                                                                                                                                      -

                                                        524,713                                                               457,274


                                                           7,302                                                                7,302

                                                               -                                                                      -

                                                               -                                                                      -

                                                               -                                                                      -


                                                               -                                                                      -


                                                         69,525                                                                 2,086


                                                        447,886                                                               447,886

                                                                                                                          26,551,811




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                                 Management Discussion and Analysis




                                                                                  INDIVIDUAL

                                                                             Quarter IV 2023

 No                  Component                                                       HQLA Value after haircut, liability
                                                   Liability Outstanding
                                                                                      outstanding and Commitment
                                                  value and Commitment/
                                                                                        multiplier by run-off rate or
                                                     Contractual Claim
                                                                                   contractual claim values multiplier by
                                                            Values
                                                                                                inflow rate.
 ARUS KAS MASUK (CASH INFLOW)

  8   Secured lending                                                  668,205                                              -

  9   Claims from Counterparty                                        2,790,345                                     1,370,077

 10   Other cash inflow                                                355,780                                        185,531

 11   Total Cash Inflow                                                                                             1,555,608

                                                                                            TOTALADJUSTEDVALUE1

 12   TOTAL HQLA                                                                                                   35,437,092

 13   TOTAL NET CASH OUTFLOWS                                                                                      23,074,493

 14   LCR (%)                                                                                                        153.58%



Information:				
1Adjusted values calculated after haircut, run-off rate, and inflow rate as well as a maximum limit of HQLA component,
such as a maximum limit of HQLA Level 2B and HQLA Level 2 and a maximum limit of cash inflow which can be calculated
in LCR.

Qualitative Analysis
1. Liquidity Coverage Ratio for the position of Quarter IV 2023 is 153.58% above the provisions required by the
   Regulator, which is 100% (POJK Number 42/POJK.03/2015 regarding the Obligation to Fulfill the Liquidity Coverage
   Ratio for Commercial Banks).
2. The Liquidity Coverage Ratio for the fourth quarter of 2023 was 153.58%, a decrease of 7.24% when compared to
   the third quarter of 2023 at 160.81%. The decrease in this ratio is caused by:
   a. Decrease in High Quality Liquid Assets (HQLA) of Rp4.32 billion.
   b. Decrease in Cash Outflow of Rp1.92 billion.
   c. Increase in cash inflow of Rp274.3 billion.
3. The composition of Bank Mega’s average HQLA during Quarter IV 2023 is dominated by Government securities at
   78% (after weighting).




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                                                                               PT BANK MEGA Tbk      2023 Annual Report




                                                       INDIVIDUAL

                                                      Quarter III 2023

                                                                           HQLA Value after haircut, liability
                Liability Outstanding                                       outstanding and Commitment
               value and Commitment/                                          multiplier by run-off rate or
               Contractual Claim Values                                  contractual claim values multiplier by
                                                                                      inflow rate.


                                                      1,802,438                                                            -

                                                      3,025,163                                                    1,645,080

                                                       364,339                                                      184,867

                                                                                                                  1,829,947

                                                                                  TOTALADJUSTEDVALUE1

                                                                                                                  39,755,975

                                                                                                                  24,721,864

                                                                                                                   160.81%




4. The average concentration of funding sources in the fourth quarter of 2023 comes from retail customers by 11%
   and corporate customers by 89% (after weighting).
5. Derivative exposure in the fourth quarter of 2023 is a net long of Rp5.90 billion.
6. Bank Mega has a liquidity risk management strategy which includes monitoring liquidity risk limits (appetite limit &
   tolerance limit), calculating cash flow projections, Behavioral Maturity Profile, calculating Liquid Assets to Non-Core
   Deposits, Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), liquidity stress testing and liquidity
   management stipulated in ALCO committee meetings and carried out by related work units, both Funding, Lending
   and Treasury.




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                                          Management Discussion and Analysis




NSFR Report


                                                                                   September 30, 2023

                                                               Carrying Value Under Maturity Date                            Total
 No.              Component
                                                                                         6 Months -                         Weighted
                                                     No Term         < 6 Months                            ≥ 1 Year          Value
                                                                                          < 1 Year
  1    Capital:                                        20,003,324                    -                -          614,146        20,617,470

  2    Capital under CAR of POJK                       20,003,324                    -                -          614,146         20,617,470

  3    Other capital Instrument                                  -                   -                -                 -                 -

  4    Deposits from individual customer               15,265,536        27,867,019            382,678           216,069        39,943,119
       and funding from SME customer:

  5    Deposits and Stable Funding                      4,514,225          6,684,580            67,993            24,707         10,728,165

  6    Non Stavle Deposits                             10,751,311         21,182,439           314,685           191,362         29,214,953

  7    Funding from corporate customer:                 8,577,515        39,781,867            716,801         1,048,132        13,097,526

  8    Operational Deposits                             6,780,270                    -                -                 -         3,390,135

  9    Other funding from corporate                     1,797,244         39,781,867           716,801          1,048,132         9,707,391
       customer

 10    Liabilities with pair                  of                 -                   -                -                 -                 -
       interdependent assets

 11    Other Liabilities and equity:                    2,117,367                    -           2,904                  -           71,715

 12    Derivative liabilities NSFR                                                   -           2,904                  -

 13    Other equity and liabilities which is            2,117,367                    -                -                 -           71,715
       not in those category

14     Total ASF                                                                                                                73,729,830

15     Total HQLA in NSFR Calculation                                                                                            1,660,976

16     Deposits with other financial                      712,116                    -                -                 -          356,058
       institutions for operational
       purposes
17     Performing and Special mention                            -       12,656,620          7,902,006        44,444,476        54,053,107
       loans and Securities
18     To financial institutions which                           -                   -                -                 -                 -
       secured with HQLA Level 1
19     To financial institutions which not                       -             709,323         383,124           336,152           634,112
       secured with HQLA Level 1 and
       loan to financial institution with
       unsecured
20     To n o n - f i n a n c i a l c o m p a n y,               -        11,907,608          7,493,282        43,699,557        53,057,679
       individual customer and SME
       customer, Indonesia Government,
       governments of other countries,
       Bank Indonesia, central banks of
       other countries and public sector
       entities, which include:




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                                                                               PT BANK MEGA Tbk          2023 Annual Report




                                                      December 31, 2023

                              Carrying Value Under Maturity Date                                               Total
                                                         6 Months -                                           Weighted
       No Term                 < 6 Months                                          ≥ 1 Year                    Value
                                                          < 1 Year
              21,030,349                          -                        -                  630,805                21,661,153

               21,030,349                         -                        -                  630,805                 21,661,153

                        -                         -                        -                         -                          -

              15,408,036                30,543,944                 409,078                    212,257                42,428,603


                4,638,658                 5,124,746                   64,471                   26,293                  9,362,774

               10,769,378                25,419,198                344,608                    185,964                 33,065,830

              10,233,699                49,725,241               2,135,040                           -               14,417,517

                8,084,965                         -                        -                         -                 4,042,483

                2,148,734                49,725,241               2,135,040                          -                10,375,035


                        -                         -                        -                         -                          -


               1,446,231                          -                        -                         -                  156,812

                                                  -                        -                         -

                1,446,231                         -                        -                         -                  156,812


                                                                                                                     78,664,086

                                                                                                                      1,832,699

                 640,805                          -                        -                         -                  320,403



                        -               23,445,821               9,340,224               43,608,357                  55,093,020


                        -                 5,316,575                        -                         -                  531,657


                        -                  590,167                1,185,293                   237,245                   918,416




                        -                17,408,756               8,069,804               42,664,667                  52,934,743




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                                     Management Discussion and Analysis




                                                                              September 30, 2023

                                                          Carrying Value Under Maturity Date                            Total
 No.             Component
                                                                                    6 Months -                         Weighted
                                               No Term          < 6 Months                            ≥ 1 Year          Value
                                                                                     < 1 Year
 21    Met qualification to get risk weight                 -                   -                -                 -                 -
       of 35% or less, according to SE OJK
       RWA for Credit Risk
 22    Residential Mortgage loan which                      -              16,174          13,078           115,684           112,958
       unsecured, among others:
 23    Met qualification to get risk weight                 -               9,840          12,522            93,905            72,220
       of 35% or less, according to SE OJK
       RWA for Credit Risk
 24    Securities which unsecured, not                      -              13,675                -          199,178           176,139
       default, and not include in HQLA,
       including shares whi
 25    Assets with pair of interdependent                   -                   -                -                 -                 -
       Liabilities
 26    Other Assets:                               3,799,144              125,899          49,861         6,659,749        10,368,430

 27    Traded physical commodities,                         -                                                                        -
       including gold
 28    Cash, securities and other assets                                        -                                                    -
       recorded as initial margin for
       derivative contract and cash or other
       assets which submitted as default
       fund on central counterparty (CCP)
 29    Derivative assets NSFR                                                402                                                  402

 30    Derivative liabilities NSFR before                                       -                                                    -
       deducted with variation margin
 31    All other assets which not include in       3,799,144              125,899          49,861          6,659,749        10,368,029
       those category
 32    Administrative Accounts                                      34,823,194                                                227,716

 33    Total RSF                                                                                                           66,666,288

 34    Net Stable Funding Ratio                                                                                              110.60%



Qualitative Analysis
1. Bank Mega’s NSFR (Net Stable Funding Ratio) position in December 2023 is 116.30% above the provisions set
   required by the Regulator, namely 100% (POJK Number 50/POJK.03/2017 concerning the Obligation to Fulfill
   Funding Ratios Net Stable (Net Stable Funding Ratio) for Commercial Banks.
2. Bank Mega’s NSFR (Net Stable Funding Ratio) position in December 2023 was 116.30%, an increase of 5.70%
   compared to the position in September 2023 of 110.60%. This is due to an increase in ASF (Available Stable
   Funding) amounting to IDR 4.93 trillion due to an increase in deposits originating from individual customers, micro
   and small business customers amounting to IDR 2.49 trillion (after weighting), increased customer funding corporate
   amounting to IDR 1.32 trillion (after weighting), and an increase in capital of IDR 1.04 trillion (after weighting). On
   the other hand, there was an increase in RSF (Required Stable Funding) amounting to IDR 975.44 billion from an
   increase in loans and securities in the current and special attention category of IDR 1.04 trillion (after weighting)
   and an increase in Total HQLA of IDR 171.72 billion (after weighting). However, there was also a decrease in other
   assets of IDR 183.29 billion and a decrease in operational savings to the Institution Financial Services amounting
   to IDR 35.66 billion (after weighting).




 232                            PT BANK MEGA Tbk          2023 Annual Report        Refocus in Business Strategy for Sustainable Growth
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                                                      December 31, 2023

                              Carrying Value Under Maturity Date                                               Total
                                                         6 Months -                                           Weighted
       No Term                 < 6 Months                                          ≥ 1 Year                    Value
                                                          < 1 Year
                        -                        -                         -                         -                          -



                        -                  116,785                    85,127                  508,156                   532,889


                        -                        -                         -                         -                          -



                        -                   13,538                         -                  198,288                   175,314



                        -                         -                        -                         -                          -


               3,694,730                   131,346                  38,404                 6,606,310                 10,185,145

                        -                                                                                                       -


                                                 -                                                                              -




                                             8,364                                                                         8,364

                                                 -                                                                              -


                3,694,730                  131,346                    38,404                6,606,310                 10,176,781


                                        33,492,478                                                                      210,465

                                                                                                                     67,641,732

                                                                                                                       116.30%




3. The composition of ASF as of December 2023 is dominated by deposits originating from individual customers,
   customers, micro-businesses, and small businesses amounting to 53.94%; capital of 27.54%; and savings originating
   from funding corporate customers amounting to 18.33%. Meanwhile, the composition of the RSF position in December
   2023 mainly comes from loans and securities in the current and special mention categories, amounting to 81.45%.
4. There are liabilities that are dependent on certain assets amounting to IDR 12.59 trillion in the form of Repo transactions.




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                              Management Discussion and Analysis




        RISIKO LIKUDITAS


Aset Terikat (Encumbrance)
                                                                                                        (dalam jutaan rupiah)
                                 a                             b                             c                     d

                                                  Assets held or agreed
                                                  with the central bank
                           Encumbered                                                 Unencumbered               Total
                                                    but not yet used
                                                  to generate liquidity

 Cash                                      -                                      -                855,222              855,222

 Placement with BI

 GWM Primer                                -                              5,292,086                       -            5,292,086

 GWM RIM                                   -                               939,734                        -             939,734

 GWM PLM                                   -                              3,891,240                       -            3,891,240

 FASBI                                     -                                      -                       -                    -

 Government Securities               206,630                                      -              37,407,536         37,614,166

 Corporate Securities                      -                                      -                217,052              217,052

 Reverse Repo                              -                                      -               7,215,441            7,215,441

 Repo                             12,573,231                                      -                       -         12,573,231




Qualitative Analysis
1. Encumbered assets are assets that are owned by the                 PLM’s GWM is IDR 3.89 trillion. Stored assets at Bank
   Bank but are limited to legal and contractual liquidity            Indonesia have not yet been used to generate liquidity
   needs. Asset Restricted also does not include assets               but can still be calculated as HQLA as regulated in
   held in custody or agreed with Bank Indonesia, which               POJK Liquidity Coverage Ratio (LCR).
   has not yet been used to generate liquidity. Currently,         3. Unrestricted Assets are assets that comply with
   the Bank has tied assets consisting of Repo amounting              requirements as HQLA as regulated in POJK Liquidity
   to IDR 12.57 trillion (average maturity period at under            Coverage Ratio (LCR). At the moment, Banks have
   1 month) and Government Securities with blocked                    unrestricted assets in the form of Cash, Letters,
   status amounting to IDR 206.63 billion.                            Government Securities, Corporate Securities, and
2. The Bank has assets that are stored or pledged with                Reverse Repos.
   Bank Indonesia in the form of a Primary GWM of
   IDR 5.29 trillion, RIM’s GWM is IDR 0.94 trillion, and




234                        PT BANK MEGA Tbk        2023 Annual Report       Refocus in Business Strategy for Sustainable Growth
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                                                                               PT BANK MEGA Tbk        2023 Annual Report




LIQA - Liquidity Risk Management


                                             LIQA - Liquidity Risk Management

                                                      Qualitative Disclosure

       Liquidity risk governance, including: risk tolerance; liquidity risk management structure and
 1.    responsibilities; internal liquidity reporting; and communication of liquidity risk strategies, policies and
       practices across business lines and with the board of directors.

       a.    Risk Tolerance
             The Bank sets risk tolerance & risk appetite for Liquidity Risk that is consistent and relevant to the business
             and complexity of the Bank’s business activities. These limits include, among others, the Liquidity Coverage
             Ratio (LCR) limit, the Net Stable Funding Ratio (NSFR) limit, the Macroprudential Intermediation Ratio (RIM)
             limit, the cash flow mismatch limit both in the short and long term including cash flows originating from
             administrative accounts, concentration limits on assets and liabilities, and other liquidity ratios. Tolerance
             limits are set so that the Bank can manage liquidity under normal and crisis conditions. The determination
             of the limit for risk appetite and risk tolerance is proposed by the Risk Management Unit (SKMR) and
             approved by the Board of Directors and Commissioners through the Risk Management Committee (KMR).
             If a limit is exceeded, the Risk Management Unit (SKMR) will coordinate with the relevant Business Units
             to prepare an action plan.
       b.    Liquidity Risk Management Structure and Responsibilities
             The Bank determines the organizational structure, tools and completeness of the units / functions related to the
             implementation of risk management for Liquidity Risk in accordance with the characteristics and complexity of
             the Bank’s business activities. The person in charge of Liquidity Risk management is the Business Unit whose
             activities are directly exposed to Liquidity Risk. The Business Unit is further assisted by the Risk Management
             Unit (SKMR) by providing objective input and analysis in the process of identifying, measuring, monitoring
             and reporting Liquidity Risk independently. The Board of Directors and Commissioners are responsible for
             ensuring that the implementation of Liquidity Risk management is in accordance with the strategic objectives,
             scale, business characteristics and profile of the Bank’s Liquidity Risk, including ensuring the integration of risk
             management implementation for Liquidity Risk with other risks that may impact the Bank’s liquidity position.
       c.    Internal Liquidity Reporting and Strategy Communication
             The Bank has an adequate and reliable Risk Management Information System for reporting purposes related
             to Liquidity Risk. In general, the Bank has submitted and reported information related to risk management
             for Liquidity Risk which consists of: liquidity ratios, cash flow and maturity profiles, Liquidity stress testing,
             Liquidity Risk Profile, and other information related to the Bank’s Liquidity Position and Bank compliance
             against Liquidity Risk policies and procedures. All information is submitted to the related Business Units as
             well as the Board of Directors and Commissioners through the Bank’s internal information system channel and
             monthly Risk Management Committee (KMR) meetings. The Risk Management Work Unit (SKMR) will then
             coordinate periodically with the related Business Units that manage Liquidity Risk if there is an exceedance
             of policies or limits for Liquidity Risk and compile an action plan.
       d.    Liquidity Risk Policies and Practices in All Business Lines and with the Board of Directors
             In practice, Business Units that are exposed to Liquidity Risk will submit information regarding the condition
             of macroeconomic indicators and business projections through the Asset and Liability Committee (ALCO)
             meeting and may submit limits and risk tolerance levels related to Liquidity Risk to the Risk Management Unit
             (SKMR). to be reviewed and submitted to the Risk Management Committee for approval. Related Business
             Units also prepare action plans, develop a strong risk culture, and implement risk management policies
             and procedures for Liquidity Risk that have been established by the Board of Directors. Furthermore, the
             Board of Directors will monitor and ensure that the implementation of risk management for Liquidity Risk
             is in accordance with the objectives and characteristics of the Bank, assisted by the Risk Management Unit.
       The funding strategy, including the policy of diversification sources and funding tenors, and whether
 2.    the funding strategy is centralized or decentralized.
       In general, the Bank will formulate a funding strategy as part of efforts to control Liquidity Risk. This strategy
       includes a strategy to diversify sources and term of funding related to the characteristics and business plans
       of the Bank. This is stated in the risk limit for Liquidity Risk related to the concentration of funding such as
       the concentration of Time Deposits to Total TPF, special rate DPK concentration to Total TPF, Corporate TPF
       concentration to Total TPF, as well as Interbank Liability concentrations.
 3.    Liquidity risk mitigation techniques

       The Bank mitigates liquidity risk by monitoring the liquidity risk limits set by the Bank’s management. If the limit
       is breached, the Risk Management Unit coordinates with the Related Business Unit to carry out an action plan.




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                                      Management Discussion and Analysis




 4.   A description of how the stress-test is used

      Liquidity Stress Testing is used to determine the ability of the Bank to meet liquidity needs in a crisis by using a
      specific stress test scenario (Bank specific scenario) and market stress (general market stress scenario).

 5.   Outline of urgent funding plan for the bank

      To control liquidity in a crisis situation, a Liquidity Crisis Center Management (LCCM) organization was formed
      which has the task and responsibility to carry out continuous monitoring of bank liquidity conditions. If the bank’s
      liquidity condition falls within the high risk criteria, the Bank will activate the Emergency Funding Plan.

      Customized measuring instruments or metrics that assess a bank’s balance sheet structure or projected
 6.   cash flows and future liquidity position, taking into account the risk of off-balance sheet transactions
      specific to that bank.

      The measurement used by the Bank in projecting cash flows is by looking at the main business activities of the
      bank based on the business information approach, remaining maturity (contractual) and behavioral on & off
      balance sheet. In addition, the bank also carries out a Funding/Use Plan (RPP) in managing short-term liquidity.




      OPERATIONAL RISKS


Operational Risk Disclosure - Individual Banks                                  Directorate Operational Risk Management (DORM);
                                                                                Policy for Preparing Emergency Plans (Contingency
                                                      *) in million Rupiah      Plan) in Worst Conditions (Worst Case Scenario);
No. Approach Used                                          Total                Business Continuity Policy Management (BCM);
                                                                                Determination of Organization Members Business
  1   Standardized approach                                                     Continuity Management (BCM); Making Business
      - Economic Indicator Components (KIB)                 670,739.42          Continuity Plan (BCP) Document; Classification Work
                                                                                Unit Tiers Based on Business Activities. The existence
      - Internal loss multiplier (FPKI)                     1,00000000
                                                                                of an Operational Risk Management Policy is used as
      - Minimum capital for operational risk (MMRO)         670,739.42          a guideline for Banks in managing the Operational
                                                                                Risks inherent in every Bank activity, especially to
      - RWA for operational risk                          8,384,242.75
                                                                                determine responsibility, accountability, and internal
                                                                                coordination work process. It is hoped that this can
General Qualitative Disclosures                                                 minimize the potential losses from malfunctioning
                                                                                internal processes, human error, system failure, and/
Qualitative Analysis                                                            or external events by anticipating the early emergence
1. The Bank implements management policies and risks                            of events/errors because they don’t know Operational
   in accordance with the Services Authority Regulations                        Risk is managed well.
   Finance Number 18/POJK.03/ 2016 and OJK Circular                          2. To increase the effectiveness of implementation, the
   Letter Number 34/SEOJK/032016 regarding the                                  Bank Operational Risk Management has developed
   Implementation of Risk Management for Commercial                             an operational risk management organization with
   Banks also refer to regulations internally regarding                         tasks and responsibilities that have been formulated
   risk management policies. Several internal policies                          clearly, starting from the Branch, Regional, and Office
   related to management operational risks, including                           levels Center. At the Head Office level, the Bank
   the Management Framework Operational Risk, Risk                              has established an Operational Risk Management
   Management Policy, Operational Risk Management                               Work Unit located under the coordination of the
   Policy, Committee Risk management, RWA Calculation                           Risk Management Work Unit. This Work Unit assists
   Guidelines Operational Risk; Profile Preparation                             the Board of Directors in managing operational risk,
   Guidelines Risk; Capital Adequacy Obligation Policy                          monitoring processes, implementing active risk
   Minimum (KPMM) according to Risk Profile; Guidelines                         management, and ensuring management policies.
   Preparation of Branch Risk Profiles; Risk Policy Mega                        Operational risk runs at all levels of the organization.
   Bank Limits; Product Committee Policy and New                                In its implementation, the Work Unit Operational Risk
   Product or Activity Issuance Process; Risk Control                           Management coordinates with several Work Units in
   Self Assessment (RCSA) provisions; Appointment of                            the Control Forum Internal, such as the Internal Audit



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                                                                           PT BANK MEGA Tbk         2023 Annual Report




   Work Unit, Work Unit Process Management & Internal              the same day as the event or not, while a Loss Event
   Control, Work Unit Compliance, and other related Work           is a risk event with a financial impact or Loss of Bank
   Units that hold regular meetings to discuss material            funds. To obtain complete information, operational
   Operational Risk issues to ensure risks These can be            risk events must be analyzed chronologically, including
   controlled effectively from an early age. To implement          causes and effects. The event risks that have an actual
   the Management Framework, Operational Risk has                  financial impact are mandatory recorded in the RED
   been appointed by 3 elements of insurance, which                module, regardless of the value of the Loss, against
   is the responsibility of the manager in each Work               Risk Events that have occurred. Note that the Work Unit
   Unit consisting of the Risk Owner, Operational Risk             monitors losses from Losses Event regarding updates
   Manager, and Responsible Person. The risk Owner                 for each loss recovery up to the final and recording
   (RO) is the Top Leader in the Directorate, Office Work          of losses last in the Bank’s books. Operational Risk
   Unit Central, Regional, and Branch responsible for              Work Unit Management will reconcile the recorded
   managing Operational Risk in the Work Unit he leads.            Loss in the Risk Event Note with those recorded in
   The operational Risk Manager (ORM) is an Operational            GL Bank Losses.
   Risk management function that helps the Risk                 4. The Risk Management Work Unit (SKMR), particularly
   Owner implement an Operational Risk Management                  The Operational Risk Management Work Unit, has
   Framework consisting of Corporate ORM/CORM (Bank                published or compiled several reports on conditions
   level), Directorate ORM/DORM (Directorate level),               of risks related to the Bank management ranks. These
   and ORM/UORM Unit (Head Office Work Unit level).                reports are made public to support the performance
   Meanwhile, the Responsible Person (RP) is there if              of related units through the provision of informative
   needed to help UORM manage Operational Risk. Apart              and dual-controlled data in risk control, including Risk
   from that, to supervise risk management operations              Reports Limit, Minimum Capital Requirement (KPMM),
   and oversee risk issues in each unit, work is carried out       Bank Health Level Assessment, Risk Event Database
   by operational risk governance meetings starting at             (RED), Operational Risk Online Test (OPRIST), Report
   the work unit, directorate, and bank level. Operational         Branch Risk Profile, Risk Assessment Result Report,
   risk issues discussed in Governance Meetings can be             Monitoring Reports & Risk Loss GL Reports Operational,
   obtained based on data recording risk events, self-             Weighted Asset Calculation According to Operational
   assessment results, results inspection, etc. Identified         Risk Using Approach Basic Indicators in previous periods
   risks will be measured and followed up to suppress              and Calculation of Weighted Assets According to
   risk levels.                                                    Operational Risk by Using Standard Indicators in the
3. The Bank is developing an operational risk management           period 2023 by SEOJK No 6/SEOJK.03/2022. The Bank
   system (ORMS) to improve existing tools. ORMS has               Health Level Assessment has several risks, including
   three modules, namely Risk Control Self Assessment              operational assessment parameters on inherent
   (RCSA), Key Risk Indicator (KRI), and Risk Event                risks, such as business characteristics and complexity,
   Database (RED). RCSA assists risk owners in operational         source human resources, information technology and
   risk management processes, including risk identification        infrastructure support, fraud, and external events.
   and measurement, predictive independent operations,             Parameter This is by the relevant OJK Circular Letter.
   and anticipatory. Furthermore, KRI is a tool that               Bank Health Level Assessment.
   provides early information regarding symptoms and            5. The Bank continues to perfect the implementation of
   risks that the trend shows enhancement. Meanwhile,              operational risk management by improving employee
   RED is a tool that functions as a database of risk events,      awareness of risks as well as improving policies and
   which is used for Bank learning data. The Bank builds           procedures for bank operations. These various efforts
   a risk events database, which contains data on losses           aim to mitigate inherent risks and continuously improve
   due to risk operations through the Risk Event Database          systems control, especially regarding operational risks.
   module (RED) in the ORMS application. This is part              Banks continually increase risk awareness among all
   of the Bank’s activities to record Loss Data, which             their employees through multiple media, including
   will be used in Capital calculations, Operational Risk,         e-campaigns, newsletters, and direct outreach. As an
   and RWA Operational Risk. Events recorded include               Implementation of Risk Management by the level of
   Loss Events and near-miss Events. The event can                 risk to be taken, risk tolerance, and the Bank’s overall
   originate from activities that are both transactional           strategy, consistently pay attention to the Bank’s
   and non-transactional. Near Miss is an event with               capital ability to absorb risk exposure or losses that
   the risk of almost causing financial Loss or that has           arise, past loss experience, ability of human resources
   caused financial Loss. However, the Loss has been fully         and compliance with applicable internal and external
   recovered, with notes when recording in the system              provisions. The Bank must set risk limits according to
   ORMS-RED risk events have been resolved well on                 the level of risk to be taken (Risk Appetite) and tolerance



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                               Management Discussion and Analysis




   of adequate risk (Risk Tolerance) according to targets              to control these risks early. A Product Committee has
   strategic and overall Bank business strategy, which                 been formed for optimized function, namely identifying
   must be adhered to by all lines of the organization.                and mitigating the risks inherent in the product and new
   Therefore, the Bank’s Risk Limit Policy was issued. Banks           activities and evaluating the performance of products
   must implement a risk culture (Risk Culture), including             launched. The Bank has developed management
   consistently implementing the process identification,               guidelines for risks for specific products to facilitate
   measurement, monitoring, control, and reporting                     mitigation steps for product risks by related work units.
   of possible losses that the Bank can experience,                    All cash and Bank Notes managed by the Bank must
   preventing risk events (Risk Events), and minimizing                be insured; the type of cash insurance at the Bank
   Bank losses (Risk loss). Then, the identification process,          contained in Cash Save (money in the treasury main),
   measurement, monitoring, control, and reporting of                  Cash In Counter (money in the Teller drawer, and Branch
   each type and group of risks must be carried out                    Operations Officer Box in the counter area Teller) and
   separately, sustainable, and integrated. Management                 Cash In Transit (transit money). As a form of active
   Culture Risk is internalized at all levels of the                   supervision by the Board of Directors on implementing
   organization to encourage consistency and effectiveness             Management Implementation Quality Operational
   of Implementation Bank Risk Management. It is the                   Risk, the Bank has implemented an Operational Risk
   shared responsibility of all employees in every line of             Governance Meeting at the Bank level, the primary
   the organization. The Bank strengthens internal control             purpose of which is to identify and manage critical
   through forums internal control by holding regular                  risks at the Bank level.
   meetings to discuss material Operational Risk issues



      General Bank Risk Management Disclosures

                                                                    together with Compliance & Good Corporate Governance,
Organization                                                        Crime & Fraud Investigation, Anti Money Laundering,
The implementation of risk management is governed by                Corporate Legal, Customer Experience & Customer
the Financial Services Authority (POJK) Decree No. 18/              Care, Process Management & Internal Control and other
POJK.03/2016 on the implementation of risk management               related work units are tasked with identifying, reviewing
for merchant banks.                                                 and monitoring all major risks of the Bank in accordance
                                                                    with established risk management policies and procedures.
Risk Management at PT Bank Mega, Tbk is coordinated                 The risk control function is located in the Internal Audit
by the Directorate of the Deputy General Manager                    Department (IADT) and the Process Management &
for Support, where this directorate oversees 12 work                Internal Control Department (PMIC).
units, namely Operational Risk Management, Credit
Risk Management, Market, Liquidity & Integrated Risk
Management, IT & Cyber Risk Management, National                    On a bank-wide level, PT Bank Mega, Tbk has a Risk
Credit Review & Restructuring, National Credit Appraisal,           Management Committee (KMR) which assists the Board
Credit Collection Remedial & Recovery, Collection Strategy          of Commissioners and the Board of Directors in carrying
& Support, CCPL Collection, CCPL Remedial, CCPL                     out an active supervision in terms of risk management. In
Recovery, and Corporate Legal.                                      the structure of the Board of Commissioners, there is a Risk
                                                                    Monitoring Committee, a Remuneration and Nomination
The Credit Risk Management, Operational Risk                        Committee, and an Audit Committee, while in the Board of
Management, Market, Liquidity & Integrated Risk                     Directors itself, there is an Executive Committee consisting
Management, IT & Cyber Risk Management, National                    of: Risk Management Committee (KMR), Credit Policy
Credit Appraisal, National Credit Review & Restructure,             Committee, Product Committee, Information Technology




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                                                                                                     PT BANK MEGA Tbk                2023 Annual Report




Committee, Human Resources Committee, Assets &                                        Risk Indicators
Liabilities Committee (ALCO) and Crisis Management                                    In its implementation, the Bank has divided the risks inherent
Committee (KMK).                                                                      in the Bank’s activities into 9 (nine) risk types according to the
                                                                                      provisions of the Financial Services Authority (OJK), namely
On a group level, PT Bank Mega, Tbk is the main entity                                8 (eight) main risks of the Bank based on OJK Circular
in the implementation of Integrated Risk Management                                   (SEOJK) No. 34/SEOJK. 03/2016 dated 1 September
in Mega Corpora Financial Conglomerate. The Market,                                   2016 and 1 (one) additional risk outside the 8 (eight) main
Liquidity & Integrated Risk Management Department is the                              bank risks related to the implementation of integrated risk
Integrated Risk Management Department (SKMRT). Apart                                  management based on SEOJK No.14/SEOJK.03/2015.
from this, there is also an Integrated Risk Management                                Each risk is assessed from 2 (two) aspects, namely, Inherent
Committee (KMRT) which is held on a quarterly basis.                                  Risk and Quality of Implementation of Risk Management.

The parameters used to assess the Inherent Risk according to SEOJK No.14/SEOJK.03/2017 dated March 17, 2017
regarding the Assessment of the Soundness Level of Commercial Banks are as follows:


 Types of Risk                      Risk Indicators

 Liquidity                          •    Asset portfolio composition and concentration levels
                                    •    Quality of funding and adequacy of reserves
                                    •    Funding strategy and sources of funding
                                    •    External factors

 Market                             •    Portfolio volume and composition
                                    •    Potential loss from interest rate risk in the banking book
                                    •    Business strategy and policy

 Liquidity                          •    Composition of assets, liabilities and transactions on administrative accounts (TRA)
                                    •    Concentration of assets and liabilities
                                    •    Vulnerability to funding needs
                                    •    Access to funding sources

 Operational                        •    Business characteristics and complexity
                                    •    Human Resources
                                    •    Information technology and supporting infrastructure
                                    •    Fraud
                                    •    External events

 Compliance                         •    Nature and significance of the violations committed
                                    •    Frequency of violations committed or the bank's track record of non-compliance
                                    •    Violation of generally applicable terms or business standards for specific financial transactions

 Strategic                          •    Suitability of strategy to business environment
                                    •    High-risk and low-risk strategy
                                    •    Business Position
                                    •    Achievement of the Bank's Business Plan (RBB)

 Legal                              •    Litigation Factors
                                    •    Engagement weakness factors
                                    •    Absence/Change in Legislation factors

 Reputation                         •    Influence of the reputation of bank owners and related companies
                                    •    Violation of business ethics
                                    •    Product complexity and cooperation between banks
                                    •    Frequency, materiality and exposure of negative bank news
                                    •    Frequency and materiality of customer complaints

 Intra-Group Transaction*           •    Composition of intra-group transactions in financial conglomerates (KK)
                                    •    Documentation and fairness of transactions
                                    •    Other information


* Parameters for Evaluating the Inherent Risk of Intra-Group Transactions According to SEOJK No.14/SEOJK.03/2015 on Implementing Integrated Risk Management




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                                        Management Discussion and Analysis




Risk Profile
On the basis of the conditions and measures of risk management in 2023, the assessment of the risk profile of PT Bank
Mega, Tbk for June 2023 and December 2023, which has been adjusted to the results of the KMR meeting, is as follows:


                                                   June 2023 period                                  December 2023 Period

                                                            Risk                                              Risk
        Risk Profile                                                           Risk                                             Risk
                                    Inherent             Management                        Inherent        Management
                                                                              Level                                            Level
                                   Risk Rating             Quality                        Risk Rating        Quality
                                                                              Rating                                           Rating
                                                           Rating                                            Rating

 Credit Risk                              Low                 Satisfactory       2*      Low to Moderate      Satisfactory         2

 Market Risk                       Low to Moderate            Satisfactory       2       Low to Moderate      Satisfactory         2

 Liquidity Risk                    Low to Moderate            Satisfactory       2       Low to Moderate      Satisfactory         2

 Operational Risk                  Low to Moderate            Satisfactory       2       Low To Moderate      Satisfactory         2

 Strategic Risk                           Low                 Satisfactory       2*      Low to Moderate      Satisfactory         2

 Legal Risk                        Low to Moderate            Satisfactory       2       Low to Moderate      Satisfactory         2

 Compliance Risk                   Low to Moderate            Satisfactory       2       Low to Moderate      Satisfactory         2

 Reputational Risk                        Low                 Satisfactory       2*            Low            Satisfactory        2*

 Composite Rating                                                                2                                                2

*Adjustment of composite value based on management decision
Risk Management Implementation Process
The implementation of Risk Management is an obligation                        1. Active Oversight by the Board of Commissioners and
for every bank as regulated by POJK No.18/POJK.03/2016                           the Board of Directors
dated March 16, 2016 on the implementation of Risk                               Active oversight by the Board of Commissioners
Management for commercial banks and SEOJK No.34/                                 is provided through the approval and evaluation
SEOJK.03/2016 dated September 1, 2016 on the                                     of risk management policies prepared by the
implementation of Risk Management for commercial banks.                          Board of Directors. The Board of Commissioners
Based on these provisions and the Bank’s internal needs,                         periodically evaluates the implementation of the risk
PT Bank Mega, Tbk has implemented risk management                                management policies both in the Board of Directors
in accordance with the scope of its activities.                                  and Commissioners’ meeting forums and in the Risk
                                                                                 Monitoring Committee (RMC) meetings. In addition,
The achievement of Bank Mega’s strategic goals                                   the Committee evaluates and approves requests from
and business objectives must be balanced with the                                the Board of Directors for transactions/policies.
implementation of Risk Management, in accordance
with the best practices in national banking (risk-return                          Active supervision by the Board of Directors includes
management). For this reason, the Bank establishes                                the preparation, approval and implementation as well
risk appetite and risk tolerance parameters, which are                            as the evaluation of risk management policies and
periodically reviewed. The definition of risk level and its                       procedures and risk limits, both of which are carried
measurement based on a combination of inherent risk                               out at Risk Management Committee (RMC), Assets &
aspects and quality of risk management implementation                             Liabilities Committee (ALCO) and Policy Committee
(KPMR) refers to SEOJK No.14/SEOJK.03/2017.                                       meetings. Credit. The Board also prepares and
                                                                                  establishes approval mechanisms for transactions
The four pillars of risk management implementation                                exceeding limits/authorities and deviations, and
have become a reference for the implementation of                                 approves transactions exceeding limits/authorities
risk management in all work units of the Bank. The                                or deviations.
implementation of the four pillars of risk management in
PT Bank Mega, Tbk is as follows:




 240                               PT BANK MEGA Tbk               2023 Annual Report    Refocus in Business Strategy for Sustainable Growth
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                                                                                risk tolerance.
2. Policy Adequacy and Limit Setting                                         b. Risk Identification & Measurement
   In order to support the implementation of risk                               Protect the bank from unexpected losses through
   management, Bank Mega has established several policies                       risk measurement, which includes:
   related to risk management and determination of risk                         • Identifying risks in existing banking processes
   limits. In their implementation, these policies have been                         and activities and in new banking activities
   documented in writing in the form of Decree Letters                          • Measuring potential risks
   (SK) and Circular Letters (SE) and reviewed periodically                     • Measuring actual losses
   with approval up to the Board of Directors level through                  c. Risk Monitoring
   committee meetings or by circulation to the Board of                         Monitoring risk events to detect and prevent losses
   Directors, depending on the level of authority.                           d. Risk Control
                                                                                Effectively implement risk control
3. Adequacy of Risk Identification, Measurement,                             e. Risk Disclosure
   Monitoring and Control Processes and Risk                                    Submit risk reports, including risk management
   Management Information Systems Risk Management                               reports to the Board of Directors and risk
   Process at PT Bank Mega, Tbk which includes risk                             management information reports to the public.
   identification, measurement, monitoring and control of
   8 (eight) types of risks supported by a Risk Management              4. Internal Control System
   Information System as follows:                                          The internal control system of PT Bank Mega, Tbk has
   a. Governance & Policy                                                  been developed and implemented using the Three
        Establish risk management policy governance,                       Lines of Defense model, which consists of:
        which includes determining risk appetite and


        Risk Taking Unit                              Risk Control                                        Risk Assurance

          1st Line of Defense                           2nd Line of Defense                                 3rd Line of Defense


    Risk Owner, responsible for risk             Risk Control, responsible for the                    Risk Assurance, responsible
    exposure, execution and results (day-        development of frameworks, policies,                 for independently assessing the
    to-day risk management and control)          principles and methodologies for the                 effectiveness of risk management
                                                 bank’s risk development                              and internal control implementation




    •   Responsible for managing                 •    Prepare proposed risk management                •   Conduct independent and
        and controlling risks inherent                strategies and policies, including                  periodic internal audits of
        in the day-to-day activities of               risk appetite and risk limits.                      the implementation of risk
        the business or its functions.           •    Develop risk management                             management and internal control.
    •   Identify, measure, mitigate,                  frameworks, policies, principles,               •   Develop recommendations/
        monitor and report risks                      tools, methodologies and                            corrective actions and monitor
        inherent in business activities/              standards.                                          their implementation.
        functions in accordance with             •    Provide recommendations to
        the strategy/policy/risk                      the 1st line of defense in the
        parameters set by the 2nd line                implementation of risk policies in
        of defense.                                   accordance with authority.
                                                 •    Escalate key issues to senior
                                                      management / directors / risk
                                                      management committee.




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In order to improve the implementation of risk management,               is also carried out through internal media such as
PT Bank Mega, Tbk is constantly developing the tools used,               Credit and Operational Risk Bulletins, which are
evaluating and correcting any weaknesses in the process                  distributed to all employees of the Bank, where
and in the development of human resources as the key                     in 2023 the Bank has published Credible, which
to implementation. This is important to do considering                   contains material on updates on the Bank’s mega
that risk factors have a dynamic nature following the                    credit developments, economic updates, latest
development of banking business practices themselves.                    policy updates on Credit RWA and Covid-19
                                                                         stimulus, as well as material on the digitalization
In addition to the Internal Audit Department (IADT),                     of credit cards and payers.
which performs regular supervision/audits, the Process
Management & Internal Control Department (Branch                         In addition, socialization, especially on operational
Operations Control, Head Office & Operation Control,                     risk issues, was carried out to all employees through
and Credit Control subdivisions) also performs ex-post                   the publication of a bulletin entitled “Risk Event
supervision. The National Credit Review & Restructure                    Database (RED) Volume” and risk campaigns
(NCRR) Department is responsible for the supervision and                 containing operational risk events, the operational
monitoring of the provision of credit.                                   risk campaigns carried out in 2023:
                                                                         • Risk campaign for March 2023 on “Always
Supervision and monitoring of operational activities is                       Apply Dual Control in Every Work Activity”.
performed by Process Management & Internal Control                       • Risk Campaign for June 2023 on “The
(Branch Operations Control and Head Office & Operation                        Importance of Segregating Duties in a Work
Control sub-units) through on-site and off-site inspections.                  Process
                                                                         • Risk Campaign for July 2023 on “Covid 19
Based on the results of this inspection, it can be concluded                  Endemic
that improvements are still needed in the operational                    • Risk Campaign in July 2023 regarding “Business
activities. The action plan for improvement is as follows:                    Continuity Plan
1. Monitoring of pre-signed documents and                                • Risk Campaign in October 2023 regarding
    implementation of APU-PPT program at branches                             “Implementation of OPRIST Cycle II 2023 for
    (potential OJK findings)                                                  Branches and Regionals
2. Sharing knowledge of risk event profile database based                • Risk Campaign in November 2023 regarding
    on 4 (four) causes of operational risk and monitoring                     “Beware of Monkey Pox
    dormant accounts                                                     • Risk Campaign in December 2023 regarding
3. Knowledge sharing on Business Continuity Plan (BCP)                        “Beware of Flooding due to Extreme Rainfall
4. Coordinate with internal control team, process and                    • December 2023 Risk Campaign on “Covid-19,
    product owners, and IT (transformation) team to                           Don’t Panic, Stay Alert
    remediate vulnerabilities related to issues that arise
5. Review Fixed Assets and Inventory (ATI) policy to                     Several trainings have been conducted for
    improve control over existing policies                               employees with resource persons from both internal
6. Impose sanctions                                                      and external parties, including: Socialization and
                                                                         Operations Forum, Bank Indonesia Socialization
Risk Management Process Improvement                                      regarding the Plan for Issuing Provisions on
There are 5 (five) main areas of focus in the efforts to                 Macroprudential Liquidity Incentive (LKM) Policy,
improve risk management, namely                                          Socialization of Bank Indonesia Regulation (PBI) No.
                                                                         .3 of 2023 on Consumer Protection, Socialization of
1. Identification                                                        PBI No. 6 of 2023 on Money Markets and Foreign
   a. Risk awareness, as the main key to risk                            Currency Money Markets (PUVA), Socialization
      management, is constantly being improved at both                   of PBI No. 7 of 2023 on Export Proceeds
      the implementation and management levels. One                      Foreign Exchange and Import Payment Foreign
      method is to include risk management material                      Exchange. Socialization of the Law on Personal
      in employee training programs. Risk awareness                      Data Protection.




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        In September 2023, the Bank conducted a risk                    With the growth of the Bank’s loan portfolio,
        assessment of the CCOP Work Unit regarding work                 the risk identification process is very important
        processes in all areas of the Work Unit.                        in view of the high potential risks, both in terms
                                                                        of potential deterioration of credit quality and
    b. The Bank also carries out thematic analyses to                   credit concentration based on financing limits
       identify operational risks, namely:                              per economic sector. The Bank has conducted
       • In Semester I, an analysis was conducted                       and will continue to conduct training and
          on dormant accounts which was presented                       education programs for all officers and officials
          at the KMR meeting in March 2023, as well                     involved in credit activities. A form of credit
          as monitoring the follow-up analysis on the                   portfolio monitoring is carried out by the Process
          use of power of attorney, control of pre-                     Management & Internal Control Department
          signed documents, and implementation of                       through the Credit Control team, starting from
          the APU-PPT program in branches (potential                    the disbursement of the loan to determine whether
          OJK findings). In Semester II, we conducted                   the loan disbursed is in compliance with the Bank’s
          a thematic analysis of the risk event                         procedures and policies.
          database profile based on 4 (four) causes of
          operational risk and conducted monitoring of              d. The process of credit risk identification is carried
          dormant accounts.                                            out by the Credit Risk Management unit by
       • In the second semester, the Bank also                         looking at the loan portfolio as a whole, based
          conducted quarterly monitoring of internal                   on segmentation, credit quality, economic sector,
          governance regulations that had expired,                     concentration of loans to individual borrowers and
          namely for Decrees (SK) valid for 5 (five) years             business groups, and the adequacy of loan loss
          and Circular Letters (SE) valid for 3 (three) years,         provisions. In addition to the monitoring of the
          as well as monitoring of thematic analyses                   loan portfolio, individual loans are also monitored
          conducted in previous years, namely Power of                 in the form of a watch list as an early warning
          Attorney analysis, Pre-sign documents analysis.              system to prevent deterioration in credit quality. In
                                                                       addition, since 2021, the watch list has also been
    c. Understanding of policies, existing products and                used as a form of early warning system for the
       their authorities is a priority that is carried out by          COVID-19 credit restructuring system regarding
       the relevant work units for implementing staff                  the potential for deterioration in the Bank’s credit
       in the field. To identify risks associated with the             quality, which takes into account the debtor’s
       development of new products and activities, the                 historical and projected repayment capacity, the
       Bank implements an approval mechanism through                   percentage of deferred interest, the debtor’s
       the Product Committee. In addition to analyzing the             business performance as measured by the debtor’s
       risks of products and activities under development,             financial performance, the support of shareholders,
       a review of existing products is also conducted                 as well as external factors such as GDP growth per
       with the aim of improving product weaknesses.                   economic sector. The process of identifying credit
       In addition, in order to increase the efficiency and            card risks is also carried out through credit risk
       effectiveness of risk management in this area, the              assessment in the account maintenance process. In
       Bank has a special product assessment for certain               order to identify the Bank’s credit risks for economic
       products that are considered to have significant                sectors, an industry analysis of the blockchain
       risks. Regarding product risk, the Bank has a                   industry was conducted.
       special product assessment for certain products
       that are considered to have significant risks.                   In addition, the Bank has also begun to identify
       With regard to product risk, the Bank has issued                 climate risks that may affect the Bank’s credit
       provisions for measuring the Bank’s product risk                 portfolio, where the emergence of climate risks,
       in accordance with SE No. 126/DIRBM-PMOC/22                      such as risks resulting from natural disasters and
       on the Implementation of Bank Products, which                    risks resulting from the transition to a low-carbon
       refers to POJK No. 13/POJK.03/2021 on the                        economy, may affect the financial performance
       Implementation of Commercial Bank Products.                      of debtors.




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  e. For market risk, the identification process is based                •    Coordination with the product and support
     on portfolio categories, product details and                             team regarding dormant account analysis on
     transaction types, such as transactions related                          March 13, 2023.
     to foreign exchange, interest rates and various                     •    Internal Control Forum on April 6, 2023 with
     derivatives. To facilitate the identification process,                   NTOP Work Unit and Regional Operations
     Spectrum and Bloomberg systems are used.                                 Head on RED and OPRIST risk issues.
                                                                         •    Regional Operations Workshop Jakarta-1 on
  f.   The liquidity risk identification process is carried                   May 27, 2023 with Work Units on Branch Risk
       out on the Bank’s products and activities that                         Profile, RCSA, OPRIST, RED and BCP.
       affect the collection and distribution of funds                   •    Internal Control Forum (Coordination of Risk
       in assets, liabilities and administrative accounts,                    Issues with Regional Operations Head) on
       as well as other risks that have the potential to                      August 9, 2023 with NTOP Work Unit and
       increase liquidity risk. In addition, the Bank has a                   Regional Operations Head, covering Regional
       tool for monitoring the Early Warning System of                        and Branch RED Profiles for Semester I 2023,
       market/external indicators related to market risk                      Follow-up of IADT Findings for Branches,
       and liquidity risk. This tool identifies the state of                  Document Fulfillment BCP and 2023 BCP Trial
       market indicators and liquidity outside the Bank                       for Regional and Branch Offices.
       (external) in normal or tight conditions, which is                •    Internal Control Forum (Coordination of
       expected to affect the Bank’s business conditions.                     Operations - Business) on August 30, 2023
       This can help the Bank’s business unit in making                       with the SAPG, NTOP, PMIC work units, with
       business decisions by prioritizing the level of                        the topic Customer Transaction Call Backs, LOI,
       prudence and vigilance.                                                Mobile Numbers as Verification, etc.
                                                                         •    Internal Control Forum on December 6, 2023
  g. Throughout 2023, the operational risk identification                     with the PMIC, CGCG, SAPG, COLG, PSSD,
     strategy will focus on identification through data.                      COBS, NTOP work units and the Product
     Some tools that generate the required data are Risk                      Owner team (RPMG, CPMA, SBDV, TIBS, CUST,
     Event Database (RED), Key Risk Indicator (KRI) and                       HCMG, HCRO) on the topic of Formulation
     Risk Control Self Assessment (RCSA), Operational                         of Terms and Conditions related to PDP and
     Risk Online Test (OPRIST), e-learning. In 2023, the                      Customer Consent with the Personal Data
     Bank will intensively and optimally implement the                        Protection Law.
     Operational Risk Management System (ORMS)
     developed in 2016, which includes RCSA, RED                    i.   Since 2020, the Bank has measured operational
     and KRI, as well as use the Operational Risk Web                    risk in branches through the assessment of the
     Links (OWL) system application to implement the                     branch operational risk profile, which is published
     Operational Risk Online Test (OPRIST), which is a                   quarterly, and the publication of graphical
     test conducted online for Bank Mega employees                       information (resume) of the branch operational
     to measure the understanding of policies and                        risk profile, which is published monthly.
     procedures, products and other regulations
     related to their area of work, as well as to increase          j.   Periodically updating the Action Plan Document
     employees’ risk awareness.                                          (Recovery Plan) and conducting tests (stress tests)
                                                                         of recovery options in the Action Plan Document
  h. In 2023, the Bank will optimize the role of the                     (Recovery Plan), as an implementation of POJK
     Internal Control Forum (Internal Audit, Audit                       No. 14/POJK.03/2017 on Action Plans (Recovery
     Unit, Risk Management, Business Unit and Fraud                      Plan) for Systemic Banks.
     Investigator) to collaborate in the control of
     operational risk. The Internal Control Forums held             k. The Bank also raises awareness of information
     during 2023 are as follows:                                       technology and cyber risk management for all
     • Internal Control Forum on January 25, 2023                      employees, which includes technology and
         with the PMIC, NTOP, SAPG, NTOP and                           information security risk, including cyber risk,
         CGCG work units, with the theme of Power                      through various communication media, including:
         of Attorney risks.                                            E-Learning Security Awareness, Email Blast Cyber
     • Internal Control Forum on March 2, 2023 with                    Risk Awareness, PC Wallpaper/Laptop, Cyber Risk
         the IADT, AMLA, PMIC, NTOP, CFIN, CGCG,                       and Resilience Technology Information Bulletin
         SAPG, and RPMG work units on dormant                          (INTERAKSI), and Online Training related to
         account and power of attorney risks.                          ISO 27001.



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    l.   The Bank has also conducted cybersecurity                     credit stress testing tools. The Bank will continue
         testing based on vulnerability analysis to identify           to develop and implement ratings and scoring
         the weaknesses of the Bank’s system, namely by                for corporate, commercial, INCH executing credit
         conducting a vulnerability assessment followed by             segments and interbank facilities. The Bank also
         penetration testing.                                          continues to improve scoring for the credit card
                                                                       segment, where the development of internal
    m. The Bank also conducts cybersecurity testing                    and external scoring, both traditional and non-
       based on scenarios to validate the process of                   traditional, is carried out to speed up the credit
       dealing with potential threats of cyber-attacks and             card application process with the desired level
       recovering from potential cyber incidents, namely               of risk. The Bank validates and reviews the credit
       by conducting a table-top exercise to assess the                card scoring to ensure that the limit and quality
       Bank’s readiness to respond to cyber incidents                  of the scores used are still in line with the Bank’s
       and a social engineering exercise in the form of a              risk level. In addition, the bank also conducted
       phishing email simulation for all Bank employees                an industry analysis of the blockchain industry to
       and a dumpster diving exercise for work units that              measure the level of risk and the bank’s exposure
       process customer transaction data.                              to the industry.

    n. As part of the Bank’s efforts to adequately and            d. Credit risk measurement also includes Bottom
       effectively manage security and information                   Up Scenario Test (BUST) stress testing and loan
       risks, the Bank has implemented and obtained                  portfolio stress testing to determine the Bank’s
       certification to the international standard ISO               capital and liquidity resilience and its impact on
       27001:2013 on Information Security Management                 profitability. In addition, the Bank has currently
       Systems (ISMS). ISO 27001 requires banks to                   started to develop a methodology for conducting
       establish, implement, maintain and continuously               climate risk stress tests for priority sectors identified
       improve an information security management                    by the OJK.
       system appropriate to its scope.
                                                                  e. Market risk measurement includes the process of
2. Measurement                                                       valuing financial instruments, calculating market risk
   a. Risk measurement is carried out by the Risk                    capital requirements, stress testing, and sensitivity
      Management Department (SKMR) through a                         analysis. For the valuation process, the Bank may use
      quarterly assessment of the bank’s risk profile and            the marked-to-market method and/or the marked-
      a semi-annual assessment of the bank’s health level            to-model method. Meanwhile, to calculate the
      (PTKB). In the context of Mega Corpora Financial               market risk capital charge, the Bank uses a standard
      Conglomeration, PT Bank Mega, Tbk is designated                calculation method that has been reported to the
      as the Main Entity which is required to submit an              regulatory authorities (BI and OJK). In addition, the
      Integrated Risk Profile Report and an Integrated               Bank has also measured interest rate market risk in the
      Minimum Capital Requirement Report (KPMM)                      banking book using the IRRBB (interest rate risk in the
      every semester.                                                banking book) calculation in accordance with SEOJK
   b. Regarding the KPMM provisions, the Bank has                    No.12/SEOJK.03/2018 on the implementation of
      implemented the Basel II Standardized Approach                 risk management and risk measurement standard
      for measuring market risk and the Basel III                    approaches for interest rate risk in the banking book
      Standardized Approach for credit risk.                         for commercial banks.
   c. In measuring credit risk, the Bank uses a standard
      method in accordance with SEOJK No.24/                      f.   In order to measure capital adequacy, the Bank
      SEOJK.03/2021 on Calculation of Risk Weighted                    has been using a standardized approach for
      Assets (RWA) for Credit Risk Using a Standard                    commercial banks to calculate operational risk
      Approach for Commercial Banks. The Bank also has                 RWA since January 2023.




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  g. With the issuance of SEOJK No.23/SEOJK.03/2022                      addition, the Bank has carried out measurements
     regarding the calculation of risk-weighted assets                   of the Emergency Funding Plan indicators.
     for market risk for commercial banks, the Bank
     has developed the calculation of market RWA                    j.   The Bank also has tools for measuring operational
     using the Standardized Approach (SA) method,                        risk, namely RCSA, which is one of the risk
     which will be effective from January 2024. The                      management tools for conducting self-assessments
     Bank has also conducted three trials of the Market                  on the quality of the implementation of controls to
     RWA calculation reports using the Standardized                      anticipate operational risk in the future. Currently,
     Approach (SA) method, namely in June 2023,                          RCSA has been implemented in branches and
     September 2023, and December 2023.                                  several work units at Head Office, especially those
                                                                         with transactional activities. The implementation
  h. In order to improve the implementation of Basel                     of RCSA will be carried out in 2023:
     II Pillar 2 and Basel III, the Bank has conducted                   • In Semester I, the Bank implemented RCSA
     Internal Liquidity Adequacy Assessment Process                          from April 10, 2023 to May 17, 2023 with the
     (ILAAP) measurements by assessing liquidity                             participation of 435 participants consisting of
     adequacy in various market condition scenarios                          46 head office work units, 8 regional offices
     and periods of pressure that the Bank may face                          and 381 branch offices.
     without considering liquidity support from the                      • In Semester II, the Bank conducted RCSA
     Central Bank.                                                           from November 13, 2023 to December 1,
                                                                             2023 with 422 participants consisting of 45
       There are several new features in the                                 Head Office Work Units, 8 Regional Offices
       measurement and management of liquidity risk                          and 369 Branches.
       in the implementation of ILAAP, such as Available
       HQLA, which only takes into account HQLA that                k. In measuring human resource competency, the
       can be quickly disbursed without obstacles or                   Bank also measures the competency of employees
       penalties (excluding GWM and PLM); Survival                     according to their job titles by implementing the
       Period Monitoring, with a survival period that is               Operational Risk Online Test (OPRIST) as a work
       not only calculated for the next 30 days under                  unit tool both at KPNO and at Branches, Sub-
       stress conditions, but is adjusted to the bank’s                Branches and Regional Offices. Oprist in 2023 will
       risk limit; Providing information on the volume of              be conducted in Semester I starting from 08 s.d.
       funds due and new funds received, including daily               May 22, 2023 and Semester II starting in September
       rollover funding within 1 (one) month; improving                2023 for KPNO and October 2023 for Branch
       intraday liquidity by capturing time-specific                   Offices, Sub-Branch Offices and Regional Offices.
       intraday liquidity risks and correspondent banking
       vulnerabilities; monitoring liquidity adequacy for           l.   In determining the level of cybersecurity maturity
       significant foreign currencies (liabilities in these              and also the level of digital maturity achieved by
       currencies are > 5% of the bank’s total liabilities).             the Bank, the Bank has conducted an assessment
                                                                         of the Bank’s level of cybersecurity maturity and an
  i.   In the process of measuring liquidity risk, the Bank              assessment of the Bank’s level of digital maturity
       performs measurements that include liquidity                      in accordance with applicable regulations. In the
       exposures arising from assets, liabilities and                    assessment of the digital maturity level, Bank
       administrative accounts. The measurement tools                    Mega is one (1) bank out of 19 (nineteen) banks
       used to measure liquidity risk include minimum                    designated by the regulator to conduct the pilot.
       statutory reserves (GWM), macroprudential
       intermediation ratio (RIM), loan to deposit ratio            m. In the assessment of the level of bank health
       (LDR), maturity profile, daily cash flow projections,           (PTKB), the bank has added cyber risk aspects as
       liquid assets to non-core deposits, liquid assets to            part of the operational risk profile related to the
       DPK, risk limit, liquidity risk and stress test. The            use of information technology (IT). These aspects
       Bank has also implemented the calculation of Basel              include the use of updated antivirus software,
       III liquidity ratios, namely Liquidity Coverage Ratio           the frequency of cyber attacks and the impact of
       (LCR) and Net Stable Funding Ratio (NSFR). In                   cyber incidents. This step will assist the Bank in




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        monitoring the vulnerability of IT systems to cyber            risk limits. The monitoring results are reported
        threats and attacks.                                           periodically (once a month) to the Board of
                                                                       Directors and Commissioners, as well as to several
3. Monitoring                                                          related departments.
   a. The Risk Management Committee (KMR), the
      Credit Policy Committee (KKP) and the Product               f.   Credit monitoring is also carried out through
      Committee also act as monitoring instruments for                 periodic reporting, daily, monthly and quarterly
      the risk management process in various functional                for all credit and credit card segments, in terms
      areas, where policies proposed by the business                   of concentration levels, credit risk limits, credit
      units are first evaluated from various risk aspects              quality, credit mutations, credit provisions,
      before being implemented.                                        credit restructuring, as well as comparisons with
                                                                       commercial banks and peer groups.
    b. The Assets and Liabilities Committee (ALCO)
       meets on a regular basis (monthly) to monitor              g. The use of credit decision authority limits (CDAUs)
       the achievement of business targets, the                      for credit decision officers is also monitored on a
       implementation of interest rate policy,                       regular basis. This periodic monitoring is carried
       macroeconomic forecasts, as well as to discuss                out as part of the review of credit performance and
       strategic issues related to the management of                 the authority limits of BWMK holders. The policy for
       market risk and the Bank’s liquidity risk.                    granting Credit Decision Authority Limits (CDAL)
                                                                     is also reviewed periodically.
    c. The Bank routinely monitors the credit quality of all
       credit segments that have the potential to become          h. The Bank also monitors the COVID-19 restructuring
       problematic or are starting to become problematic             loan portfolio based on portfolio development,
       through periodic credit monitoring meetings and               quality, restructuring plans, maturity monitoring
       monthly periodic reporting through the Monthly                and realization of due payments. The monitoring
       Credit Report for all credit segments. In the credit          is carried out periodically (once a month), which is
       card and personal loan segments, the Bank also                then reported to the Credit Director, Deputy Main
       monitors acquisition and portfolio quality on a               Director and several related departments.
       weekly basis through the Weekly Dashboard. The
       Bank also routinely reviews credit card and personal       i.   The market risk monitoring process for trading and
       loan approvals on a sample basis to ensure that                 counterparty activities is monitored by Treasury
       the process has been carried out in accordance                  International Banking Business Support (TIBS) and
       with applicable policies.                                       Market, Liquidity & Integrated Risk Management
                                                                       (MIRG). The Bank also monitors and reports daily
    d. Risk monitoring has been inherently performed by                on the exposure, risk and utilization of Treasury
       each unit through each supervisor and manager,                  limits and global markets, which are reported to
       in line with the Three Lines of Defense concept. In             the relevant business units and Bank Management.
       addition, the Internal Audit Department (IADT) and
       Process Management & Internal Control (Branch              j.   The Bank monitors the fairness of market prices
       Operations Control and Head Office & Jakarta                    (off-market) as an effort to maintain the fairness of
       Operations Control sub-units) play a role in making             market prices in relation to the exchange rate/rate
       the implementation of the monitoring process                    of Forex transactions made to both customers and
       more effective.                                                 counterparties. With regard to interest rate risk, the
                                                                       Bank also monitors the securities portfolio using
    e. The Bank has monitoring lending limits based on                 the duration & PV01 method in order to anticipate
       economic sectors and a mechanism for monitoring                 changes in interest rates.
       economic sectors through trigger and action tools.
       In addition, the Bank has monitoring of credit risk        k. The liquidity risk monitoring process is based
       limits. The Credit Risk Management Department                 on the results of the following measurements:
       has been monitoring the credit performance in                 statutory minimum reserve (GWM), macroprudential
       relation to the economic sector limits and credit             intermediation ratio (RIM), loan to deposit ratio (LDR),




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       maturity profile, daily cash flow projections, liquidity               infographics. This can help branch risk owners to
       to non-core deposits, liquidity to DPK, liquidity                      identify risks that have the potential to occur (inherent
       coverage ratio (LCR), net stable funding ratio (NSFR)                  risks).
       and liquidity stress test. Daily liquidity needs are
       met by Treasury. The results of the monitoring are             4. Controls
       periodically presented to the regulators and the                  a. The Bank has internal policies for the implementation
       Bank’s management.                                                   of the Bank’s risk management and integrated risk
                                                                            management policies, as well as policies for the
  l.   Bank also monitors early warning indicators (Early                   Bank’s 8 (eight) main risks, namely Credit Risk, Market
       Warning System), internal indicators such as                         Risk, Strategic Risk, Liquidity Risk, Operational Risk,
       Contingency Funding Plan and Action Plan (Recovery                   Reputation Risk, Compliance Risk, Legal Risk, and 1
       Plan), which are periodically reported to management.                (one) additional risk within the scope of the Mega
       Meanwhile, monitoring external indicators such as:                   Corpora Financial Conglomerate, namely Intra
       foreign exchange market indicators, stock price index                Group Transaction Risk. With respect to Information
       (IHSG), foreign ownership securities, credit default                 Technology and Cyber Risk, the Bank currently
       swap (CDS).                                                          has an Information Technology (IT) & Cyber Risk
                                                                            Management Policy.
  m. The Bank monitors operational risk issues from each
     Directorate in the Operational Risk Governance                       b. In an effort to improve the quality of risk management
     Meeting (ORGM) forum at the Bank level, based on                        implementation, particularly in terms of the suitability
     the results of self-assessments from each work unit.                    of risk management strategies with the Bank’s
                                                                             strategic objectives and overall business strategy,
  n. Periodically monitor the action plan (recovery plan)                    the Bank has included risk limits as part of the Bank’s
     trigger levels in terms of capital, liquidity, profitability            business plan. The risk limit is periodically monitored
     and asset quality in accordance with the regulations.                   for compliance with the risk tolerance set by the Bank.
     Perform escalations and prepare action plans when
     trigger levels are exceeded.                                         c. The parameters, percentages or figures for risk
                                                                             appetite and risk tolerance are determined on the
  o. Monitoring of IT Risk Event Data (RED) related to the                   basis of historical data analysis, statistical approaches,
     Bank’s critical applications/systems, including follow-                 business/expert judgment and the state of the
     up in the form of analysis and further discussions with                 Bank’s general data, as well as strategic decisions
     IT business units to understand events and planned                      of the management.
     corrective actions based on incident escalations
     recorded in the Operational Risk Management                          d. The Bank has a Credit Risk Limit Tools Trigger &
     System ( ORMS) system/database.                                         Action Mechanism policy to ensure that the Bank
                                                                             reviews or creates action plans for credit risk limit
  p. To complete the operational risk monitoring process,                    parameters that have exceeded risk appetite or
     the Bank will routinely monitor the accounting of                       risk tolerance.
     operational risk losses based on 7 (seven) operational
     loss GLs throughout 2023. The results of the                         e. Reviews of risk appetite and risk tolerance are
     Operational Loss GL monitoring will be reported                         conducted periodically, taking into account changes
     in the form of Operational Risk Loss Monthly                            in the Bank’s internal business conditions and
     Monitoring, which will be published monthly.                            strategies, as well as the national banking macro-
                                                                             economy. The Bank also reviews the lending limits
  q. Operational Risk monitoring is also carried out                         based on economic sectors at least twice a year,
     through the preparation of Operational Risk Profile                     taking into account the business loan distribution
     Reports, Compliance Risk, Reputation Risk and Legal                     plans as well as the business prospects and economic
     Risk periodically, both monthly for risk limits and                     conditions for each sector, where these limits become
     quarterly for profiles.                                                 milestones for the management in determining the
                                                                             direction of the loan portfolio development in the
  r.   In monitoring indicators that could potentially cause                 economic sector by the desired risk level.
       operational risks in branches, the Bank has prepared
       quarterly branch risk profile reports and monthly




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Parameter-parameter risk limit (risk appetite dan risk tolerance) yang saat ini menjadi acuan berdasarkan SK No.088/
DIRBM/23 tentang Kebijakan Risk Limit Bank Mega, adalah sebagai berikut:


 No                                         Parameter                                               Risk Appetite         Risk Tolerance

 1.       Strategic Risk

  a       Bank Mega's assets are compared to the Bank's business plan targets.                            ≥ 80%                 ≥ 60%

  b       Bank Mega's DPK compared to the Bank's business plan target                                     ≥ 80%                 ≥ 60%

      c   Bank Mega credit compared to the Bank's business plan target                                    ≥ 80%                 ≥ 60%

  d       CAR Position                                                                                    ≥ 17%                 ≥ 15%

  e       BOPO Position                                                                                   ≤ 80%                 ≤ 90%

      f   Market share compared to peer group

          Asset                                                                                           ≥ 17%                 ≥ 15%

          DPK                                                                                             ≥ 17%                 ≥ 15%

          Loans                                                                                           ≥ 15%                 ≥ 10%

          Capital                                                                                         ≥ 17%                 ≥ 15%

  g       CAR after stress test                                                                           > 14%          above the applicable
                                                                                                                         minimum bank capital

 2.       Operational Risk

  a       Frequency of internal fraud (1 [one] month)                                                       0                  < 3 times

  b       Frequency of external fraud (1 [one] month)                                                       0                  < 8 times

      c   Frequency of internal and external fraud (1 [one] month)                                          0                  < 3 times

  d       Significant nominal fraud                                                                       Nihil             ≤ Rp250 Million

  e       Ratio of the number of permanent employees leaving to the total number of permanent            ≤ 1.15%               ≤ 1.30%
          employees 1 [One] Month

      f   Ratio of the number of employees who have not received training (12 [twelve] months)            ≤ 5%                  ≤ 20%
          to the total number of employees

  g       OPRIST score                                                                                    ≥ 85                   ≥ 75

  h       Total core system downtime (1 [one] month)

          Silverlake Downtime                                                                          < 60 minutes         < 120 minutes

          Ascend Downtime                                                                              < 60 minutes         < 120 minutes

          MOJF Downtime                                                                                < 60 minutes         < 120 minutes

          Downtime Spectrum                                                                            < 60 minutes         < 120 minutes

          PCE Downtime                                                                                 < 60 minutes         < 120 minutes

      i   Total Core System Downtime Frequency (1 [One] Month)

          Silverlake Downtime Frequency                                                                   NIHIL                ≤ 1 times

          Ascend Downtime Frequency                                                                       NIHIL                ≤ 1 times

          MOJF Downtime Frequency                                                                         NIHIL                ≤ 1 times

          Spectrum Downtime Frequency                                                                     NIHIL                ≤ 1 times

          PCE Downtime Frequency                                                                          NIHIL                ≤ 1 times




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                                          Management Discussion and Analysis




No                                                Parameter                                Risk Appetite           Risk Tolerance

3.       Credit Risk

 a       Low quality loans to total loans                                                       ≤ 7.50%                ≤ 22.50%

         Low quality corporate loans to total corporate loans                                   ≤ 7.50%                ≤ 20.00%

         Low quality commercial loans to total commercial loans                                 ≤ 5.00%                ≤ 15.00%

         Low quality SME loans to total SME loans                                               ≤ 10.00%               ≤ 25.00%

         Low quality consumer loans to total consumer loans                                     ≤ 7.50%                ≤ 15.00%

         Indirect Channel Low Quality Credits to Total Indirect Channel Credits                 ≤ 10.00%               ≤ 25.00%

         Low quality loans Credit card & personal loans (CCPL) to total CCPL loans              ≤ 5.00%                ≤ 15.00%

 b       NPLs to total loans                                                                    ≤ 2.00%                 ≤ 4.00%

         NPLs as a percentage of total corporate loans                                          ≤ 1.00%                 ≤ 3.00%

         Commercial NPL loans to total commercial loans                                         ≤ 2.00%                 ≤ 4.00%

         SME NPL loans to total SME loans                                                       ≤ 2.00%                 ≤ 4.00%

         Consumer NPL loans to total consumer loans                                             ≤ 2.00%                 ≤ 4.00%

         Indirect channel NPL loans to total Indirect channel loans                             ≤ 2.00%                 ≤ 4.00%

         CCPL NPL loans to total CCPL loans                                                     ≤ 3.00%                 ≤ 4.50%

     c   Net NPLs to total loans                                                                ≤ 1.50%                 ≤ 3.50%

 d       Loans to core borrowers to total loans                                                 ≤ 65.00%               ≤ 75.00%

 e       Allowance for credit losses (CKPN) to total loans                                      < 1.25%                 < 2.25%

     f   Foreclosed assets (AYDA) to total assets                                               < 1.00%                 < 2.00%

4.       Market Risk

 a       PDN (including DNDF) to CAR Capital                                                     < 5%                    < 10%

 b       Unrealized Loss Bonds to CAR Capital                                                    > -3%                   > -5%

     c   Maximum loss ∆Economic Value of Equity (∆EVE) to capital                                ≤ 13%                   ≤ 15%

5.       Liquidity Risk

 a       Liquidity portfolio risk limit

         Total LJK funding to total liabilities                                                  < 15%                   < 18%

         Total HQLA to total assets                                                              > 20%                   > 13%

         Time deposit + BI deposit facility against DPK                                          < 10%                   < 30%

 b       Risk Limit Composition of Securities

         Securities - Government                                                                 > 50%                   > 45%

         Securities - LJK Corporation                                                            < 25%                   < 35%

         Securities - non-LJK corporations                                                       < 10%                   < 15%

         Securities - Mutual Funds                                                               < 15%                   < 20%

     c   Risk Limit Composition of Funding Requirement Vulnerability

         Liquidity Coverage Ratio (LCR)                                                      120%≤ x <300%          100%≤ x <320%

         Net Stable Funding Ratio (NSFR)                                                        ≥ 105%                  ≥ 100%

         Foreign Currency LDR                                                                    < 90%                  < 100%

         RIM                                                                                  80%≤ x ≤85%        Min, 70% dan Max, 95%




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 No                                            Parameter                                     Risk Appetite           Risk Tolerance

  d       Risk Limit Maturity Profile (Behavioral)

          Maturity Gap Time Bucket ≤1 (one) month (Rupiah)                                     ≥ -Rp6 trillion         ≥ -Rp10 trillion

          Maturity Gap Time Bucket ≤1 (one) month (Forex)                                    ≥ -USD350 million        ≥ -USD500 million

 6.       Legal Risk

  a       Percentage increase in number of lawsuits experienced by banks                           ≤ 4%                     ≤ 6%

 7.       Compliance Risk

  a       Frequency of fines imposed by regulators (BI and/or OJK)                               ≤ 2 times                ≤ 4 times

  b       Nominal fines for non-compliance                                                     ≤ Rp20 million          ≤ Rp40 million

 8.       Reputation risk

  a       Number of negative news (news calculated based on news topic)                            Nihil               1 ≤ X ≤ 3 times

 9.       Intra-group transaction risk

  a       Total loans to mega-corpora group to total bank loans                                    ≤ 2%                   ≤ 3.50%

  b       Total DPK from Mega Corpora Group to Total Bank DPK                                      ≤ 5%                    ≤ 10%

      c   Total income from Mega Corpora Group to total bank income                                ≤ 5%                    ≤ 10%

  d       Total costs/expenses from Mega Corpora Group to total bank costs/expenses                ≤ 5%                    ≤ 10%



1. The risk limit is periodically reviewed to ensure that                       Review & Restructure (NCRR), which is responsible
   it is consistent with Bank Mega’s strategic objectives                       for restructuring loans that are beginning to experience
   and business strategy, as well as with the risk tolerance                    problems but still have the potential to be repaid.
   set by Bank Mega.                                                            Meanwhile, the CCPL Collection, CCPL Remedial,
2. The credit granting process is carried out in accordance                     CCPL Recovery and Credit Collection Remedial &
   with the four-eyes principle, i.e. the credit granting                       Recovery work units play a role in the collection and
   decision involves both business and risk parties and is                      liquidation of assets surrendered by problem debtors
   decided in the Credit Committee according to its level.                      whose restructuring is no longer possible.
3. Credit risk control is carried out periodically by the                  6.   Market and liquidity risks are managed through a limit
   Internal Audit Department. Meanwhile, the credit risk                        system and discussions at ALCO and Risk Management
   control process in the branches is routinely carried out                     Committee (KMR) meetings.
   by the Process Management & Internal Control (PMIC)                     7.   Liquidity risk is managed through funding strategies,
   department through the Credit Control work team.                             management of daily liquidity positions and liquidity
   Various aspects of credit control include compliance                         risk, management of intra-Group liquidity positions
   aspects and potential risks arising in the credit process,                   and liquidity risk, management of high-quality liquid
   economic market conditions and documents, and                                assets and contingency funding plans.
   financial monitoring.                                                   8.   Ensuring the Continuity of Business Processes in the
4. Credit risk control for the credit card and personal loan                    Midst of Crisis Conditions. The Bank continues to
   segment is performed through the development of                              improve its Business Continuity Management (BCM)
   dashboard parameters to ensure and monitor the credit                        covering business and operational aspects.
   card and personal loan approval process running on                      9.   The Bank continuously strengthens risk control
   the system in accordance with applicable regulations.                        mechanisms, especially for operational risk, with
5. In addition to being integrated into the transactional                       steps such as fulfilling and improving human resources
   and operational work units, Internal Control also                            through training programs, improving coordination of
   carries out periodic credit and operational checks                           control work units, improving policies and procedures,
   in the branches. Problem loans are handled by a                              strengthening first line of defense control, etc.
   separate, independent unit, the National Credit




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                                     Management Discussion and Analysis




10. In the event of the spread of the Covid-19 outbreak,                            and procedures, and also perform consultation and
    the Bank has issued provisions for PT Bank Mega, Tbk                            communication functions related to risk management.
    Covid-19 Control Group (SE: 182/DIRBM-PMOC/20),
    provisions for the determination of PT Bank Mega,                          Pelaporan
    Tbk Covid-19 Control Group Kuningan Office Card                            1. Bank melakukan pelaporan secara periodik dan rutin
    Center (SE: 125/DIRBM-PMOC/21), and the provisions                            kepada regulator atas perkembangan bisnis yang
    of the Covid-19 Prevention and Control Guide at                               terjadi. Teknis dan jenis laporan-laporan yang dikirim
    PT Bank Mega in implementing business continuity                              telah sesuai dengan ketentuan dan format yang
    management to ensure that the bank’s operations                               ditetapkan oleh regulator. Melalui sistem pelaporan
    continue and the spread within the bank can be                                ini, Bank Mega melakukan fungsi penjabaran kondisi
    controlled (SE: 119/DIRBM-PMIC/23).                                           risiko internalnya secara periodik kepada regulator.
11. Through regular monitoring of risk limits, management                      2. Satuan Kerja Manajemen Risiko (SKMR) juga telah
    can determine the direction of movement of the                                mempublikasikan beberapa laporan terkait kondisi
    bank’s main risks (credit, market, liquidity, strategic                       risiko-risiko yang terkait dengan bank umum kepada
    and operational) as an early warning signal.                                  beberapa unit kerja dan jajaran manajemen. Laporan-
12. The control of IT and Cyber Risks is carried out in                           laporan ini dipublikasi dalam rangka mendukung kinerja
    accordance with the “Three Lines of Defense”                                  unit terkait melalui penyediaan data yang informatif
    concept, whereby work units or risk-taking units in                           dan dual-control dalam pengendalian risiko.
    IT carry out control self-assessments, refine policies


 No     Report                              Explanation

  1.    Risk Limit Report                   Realization reports are compared with risk appetite and risk tolerance. Risk limit parameters are submitted
                                            to the Board of Directors on a monthly basis and to the regulator on a quarterly basis as part of the Bank's
                                            Business Plan Realization Report. The preparation of the reports and the calculation of the risk limits are
                                            regulated by Decree No. 088/DIRBM/23 on the Risk Limit Policy of Bank Mega.

  2.    CAR Bank Mega & Integrated          CAR reports to the regulator (OJK) regarding capital, risk-weighted assets (RWA), market, credit and
        CAR                                 operations calculations as well as integrated CAR reports.

  3.    Counterparty Limit & Trader Limit
        Monitoring                          Monitoring results report on Treasury limit breaches.

  4.    Assessment of Bank Soundness        Independent measurement and assessment of various risk management factors in accordance with SEOJK
        Level and Integrated Risk Profile   No.14/SEOJK.03/2017 dated March 17, 2017, on the assessment of the health level of commercial banks
                                            and SEOJK No.14/SEOJK.03/2015, on the implementation of integrated risk management.


  5.    Daily Cash Flow                     Cash flow projections.

  6.    Operational Risk Online Test        Reports on the results of online tests, in particular for employees of branches, subbranches, regional offices
        (OPRIST)                            and certain work units to determine the level of understanding of policies, procedures, product knowledge
                                            and aspects of operational risk control, are regulated in the SE on Operational Risk Online Tests (OPRIST).


  7.    Branch Risk Profile Report          Branch Operational Risk Profile Assessment Report containing inherent risk measurements and risk
                                            management implementation quality (KPMR). Branch Profile Assessment has been regulated in SE No.116/
                                            DIRBM-PMOC/22 on Branch Risk Profiles.

  8.    Risk Control Self Assessment        The self-assessment report on the quality of the implementation of controls to anticipate future operational
        (RCSA) Report                       risks is regulated by SE No. 156/DIRBM-OMIC/23 on Risk Control Self-Assessment (RCSA).


  9.    Operational Risk Governance         The reports on the implementation of the operational risk management governance function, carried out
        Meeting (ORGM) Report               at each level of the structure to determine the top risk at the Bank level based on the self-assessment of
                                            each work unit, have been regulated in SE No. 018/DIRBM-ORMG/21 on Operational Risk Management
                                            Working Guidelines (ORMG).

  10.   Business Continuity Plan (BCP)      Reports containing planned and coordinated series and activities regarding risk reduction measures,
        Report                              management of the effects of disturbances or disasters as well as recovery processes so that the Bank's
                                            operational activities continue are regulated in SE No. 106/DIRBM-PMOC/22 concerning Preparation of
                                            Business Continuity Plan Documents (BCP).

  11.   Risk Assessment Results Report      Risk Assessment Results Reports are issued for each risk assessment process performed and are specifically
                                            addressed to the Director of the relevant area and the Deputy Director General, including the relevant
                                            work unit.




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                                                                                                   PT BANK MEGA Tbk              2023 Annual Report




  No    Report                                  Explanation

  12.   Risk Exposure Quantitative              Publication of quantitative information on the Bank's risk exposure every 6 (six) months based on POJK
        Information Report                      No.32/POJK.03/2016 dated August 12, 2016 on Transparency and Publication of Bank Reports and SEOJK
                                                No.43/SEOJK.03/2016 on Transparency and Publication of Conventional Commercial Bank and SEOJK
                                                Report No.24/SEOJK.03/2021 on Calculation of Risk-weighted Assets Using a Standard Approach.


  13.   GWM Monitoring                          Monitoring compliance with the minimum statutory reserve (GWM).

  14.   Credit Risk Weighted Assets             The compilation and calculation of Credit Standardized Approach RWA refers to SEOJK No.24/SEOJK.03/2021
        (RWA) - Standardized Approach           concerning the calculation of risk-weighted assets according to the Standardized Approach. Credit RWA
                                                calculations are performed monthly and reported to the OJK online via the APOLO system.



  15.   Sector-based lending limit report
        & sector monitoring mechanism
                                                Reports on the development of the bank's loan portfolio in 23 economic sectors defined by the regulator,
                                                as well as early warning and action tools for sectors that have exceeded expansion limits.

  16.   Loan portfolio report                   Credit portfolio reports are prepared on a monthly basis and include the development of all credit segments
                                                in terms of total portfolio, loan mutations, credit quality, loan restructurings, charge-offs and write-offs, as
                                                well as credit provisions.

  17.   Watchlist Debitur                       Monitoring of debtors with a potential for quality deterioration as an application of early warning signals
                                                for credit risk management.

  18.   Calculation of Interest Rate Risk       Preparation and calculation of interest rate risk - banking book based on SEOJK No.12/SEOJK.03/2018
        - Banking Book (IRRBB)                  on the application of the standard approach to risk management and risk measurement for interest rate
                                                risk in the banking book (interest rate risk in the banking book).

  19.   Market Risk Weighted Assets             Market Risk RWA is a form of calculation of bank assets related to market risk based on POJK No.11/
        (RWA) - Standard Method                 POJK.03/2016 on Minimum Capital Requirements for Commercial Banks and SEOJK No.38/SEOJK.03/2016
                                                on Guidelines for the Use of Standard Methods in the Calculation of Minimum Capital Requirements for
                                                Commercial Banks Taking into Account Market Risk. Market risk RWA is calculated for general interest rate
                                                risk, specific interest rate risk, and foreign exchange rate risk. Market risk RWA calculations are performed
                                                monthly and reported to the regulator online and offline.

  20.   Allowances for Impairment Losses        Activities related to the collective and individual CKPN for the Bank's financial assets in accordance with
        (CKPN) of Bank Mega's Financial         PSAK 71 have been regulated in the Guidelines for Reserves for Impairment Losses on Bank Mega's
        Assets                                  Financial Assets.


  21.   Securities Valuation (Marked to         The process of determining the fair value (marked to market) of securities to determine the Bank's position
        Market & Marked to Model)               on a daily basis relative to the closing market price on that day. For securities that do not have a quoted
                                                market price (illiquid securities), a marked-to-model valuation is performed using the credit risk spread
                                                approach. These illiquid securities are based on movements in government bond yields with the addition
                                                of risk factors.

  22.   Fairness of Market Prices (Off-         Measure and monitor the fairness of off-market foreign exchange transactions.
        Market)

  23.   Backtesting exchange rate               Validate the model used to calculate exchange rate volatility against the real exchange rate.
        volatility

  24.   Early Warning System Monitoring         In order to manage market and liquidity risks while paying attention to the Bank's prudential principles, a
        (Early Warning System) External         tool or system for early warning monitoring (Early Warning System) is required in accordance with SEOJK
        Indicators                              No.34/SEOJK.03/2016 on the implementation of risk management for commercial banks) Market and
                                                liquidity related external indicators of market and liquidity risks.

  25.   Calculation of liquidity stress tests   As part of the implementation of liquidity risk management, stress testing is used to test the Bank's ability
                                                to meet liquidity needs under crisis conditions.

  26.   Liquidity Coverage Ratio (LCR)          Calculation Report on Liquidity Adequacy Ratio Compliance as regulated in POJK No.42/POJK.03/2015.

  27.   Net Stable Funding Ratio (NSFR)         Report on calculation of the Net Stable Funding Ratio as regulated in POJK No.50/POJK.03/2017.

  28.   Rasio Intermediasi                      Calculation of RIM (Macroprudential Intermediation Ratio) as regulated in PBI No. 20/4/PBI/2018 and
        Makroprudensial (RIM)                   Regulation of Members of the Board of Governors No. 22/11/PADG/2020.

  29.   Profil Maturity Behavioral              The bank identifies the existence of a liquidity gap between asset, liability and management account
                                                positions over a given time horizon based on customer behavior/product characteristics (behavioral).




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  No    Report                                       Explanation

  30.   Credit stress test report                    In order to implement credit risk management, stress tests are performed on the credit portfolio by considering
                                                     the deterioration of credit quality and its impact on the Bank's reserves, profitability and capital adequacy.

  31.   Credit Limit Risk Action & Trigger           Action reports resulting from the monitoring of risk limits based on percentage breaches of risk appetite and
        Tools                                        risk tolerance parameters in the credit area are prepared and submitted on a monthly basis in accordance
                                                     with the Tools Trigger & Action Mechanism Policy for Credit Risk Limits.

  32.   Tr i g g e r L e v e l M o n i t o r i n g
        Report Program Action Plan                   In order to monitor the trigger level of the Program Action Plan (Recovery Plan), a Program Action Plan
        (Recovery Plan)                              Trigger Level Monitoring Report is prepared in the form of Capital, Liquidity, Profitability and Asset Quality.

  33.   Contingency Funding Plan (CFP)               To monitor the Contingency Funding Plan (CFP) indicators that are reported periodically.
        Indicator Monitoring Report

  34.   Industry Analysis                            An analysis of the current state and conditions of an industry, which is used as a reference for business units
                                                     and underwriters when allocating credit to borrowers in that industry.

  35.   Credit Risk Bulletin                         Communicate updates on internal and external credit-related regulations, economic developments, portfolio
                                                     developments and other credit-related topics to all employees in the form of bulletins or other reports.

  36.   Reconciliation of intra-group                Bank Mega, as the main entity in the financial conglomerate Mega Corpora, routinely reconciles intra-group
        transactions                                 transactions to see the dependency between one entity and other entities within a financial conglomerate.

  37.   Operational Risk Bulletin & Risk             Socialization of updates on internal and external regulations related to operations, as well as other topics
        Campaign                                     related to operational risk, communicated to all employees in the form of bulletins, campaign posters, etc.

  38.   GL Monitoring Report on                      As part of the monitoring and analysis of the GL accounting of operational losses in a work unit, and to
        Operational Losses                           ensure that the accounting of operational losses is in accordance with its provisions, as regulated in SE
                                                     No. 217/DIRBM-PMOC/21 on Accounting and Monitoring of GL - Operational Risks, GL Loss Operations
                                                     and Return/Recovery of Operational Losses.

  39.   Calculation of risk-weighted                 With reference to SEOJK No. 6/SEOJK.03/2020 on the calculation of risk-weighted assets for operational
        assets for operational risk using            risk using a standard approach for commercial banks and SE No. 132/DIRBM-PMIC/23 on the guidelines
        a standardized approach                      for the calculation of risk-weighted assets (RWAs) for operational risk using a standard approach, the Bank
                                                     has implemented the calculation of RWAs using the standard approach for commercial banks in 2023 and
                                                     the results of the calculation have been submitted to the OJK.

  40.   Bottom-up stress test (BUST)                 Stress tests conducted by banks appointed by the authorities (OJK and BI) using data and internal bank
        report                                       satellite models based on scenarios and assumptions provided by the authorities.

  41.   Dokumen Rencana Aksi                         Plan to overcome financial problems that may occur in the bank by preparing several alternative / recovery
        (Recovery Plan)                              options scenarios determined by the bank to respond to financial stress experienced by the bank in preventing,
                                                     recovering or improving financial conditions and business continuity banks (viability).

  42.   Dokumen Rencana Resolusi                     Document containing information about the bank and its resolution strategy, which is one of the considerations
        (Resolution Plan)                            for the deposit insurance corporation (LPS) in the treatment or resolution of a bank that has been identified
                                                     as a failed bank.

  43.   Monitoring of credit approval                Monitoring is performed to assess the quality of portfolios approved by BWMK holders, to ensure that all
        limits (BWMK)                                applicable BWMK limits are valid and correct, and to revoke BWMK limits that are no longer valid.

  44.   Weekly Credit Card and Personal              Weekly publication on the acquisition and quality of the credit card and personal loan portfolio.
        Loan Dashboard

  45.   Daily Portfolio Credit Report                Daily credit portfolio development reports include detailed credit information per debtor.

  46.   Credit Risk Assessment Account               Credit risk assessment is performed to evaluate the appropriateness of credit policies and the implementation
        Maintenance                                  of the account maintenance approval process in the credit card area.




In order to measure Bank Mega’s level of resilience to an                               liquidity to meet the Bank’s obligations, and to identify steps
extreme external event scenario, Bank Mega conducts                                     that need to be taken to mitigate risks and maintain capital
stress tests as a basis for decision making and as a means                              resilience. The implementation of stress testing covers the
of meeting regulatory requirements. The purpose of stress                               main types of risk, including credit risk, market risk and
testing is to estimate the magnitude of losses, the resilience                          liquidity risk. The implementation of stress testing in 2023
of the Bank’s capital to absorb losses, the adequacy of                                 is based on the Bottom Up Stress Test (BUST) scenario. The




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Bank also conducts stress testing for COVID-19 Restructuring       1. Measurement, monitoring and control of the Bank’s
Credit, which aims to estimate the deterioration in the Bank’s        health so that it remains within the risk appetite corridor
credit quality and the impact on CKPN, profitability, and             or at least within the risk tolerance.
the adequacy of the Bank’s liquidity and capital, so that          2. Monitoring of each risk limit parameter in the Bank’s
the action plan to be taken by the Bank can be seen. In               activities. This activity is implemented in each
general, the stress test results show that Bank Mega is still         business line as part of management supervision,
able to maintain capital resilience and adequate liquidity in         so that the Bank’s risk level remains within the risk
conditions of economic weakness, although there is pressure           tolerance corridor.
on profits.                                                        3. Internalization of risk statements and risk culture at all
                                                                      levels of the Bank’s organization.
                                                                   4. Maintain the strength of independence of operational
                                                                      and risk management units in each directorate.
With reference to POJK No. 14/POJK.03/2017 on action               5. Development of human resources, especially risk
plans (recovery plans) for systemic banks, Bank Mega has              management skills. This development program will
prepared action plans and recovery options to prevent,                be implemented in the form of Risk Management
restore or improve the financial condition and continuity of          Certification Training & Refreshment to Enterprise
the Bank’s operations in the event of financial stress. . The         Risk Management based training.
prepared Action Plan includes an analysis of the condition         6. Implement regulatory requirements or recommen-
of all the Bank’s business lines, including scenario analysis of      dations in an orderly and sustainable manner.
stress conditions (stress testing) that occur idiosyncratically
at the Bank and market-wide shocks that could threaten             Specific Bank Risk Management Disclosures
the Bank’s business continuity. The Bank prepares recovery
options to address capital, liquidity, profitability and asset     Credit Risk
quality conditions in accordance with the trigger levels set for   Credit risk is the risk that debtors and/or other parties
the purpose of prevention, recovery and improvement of the         will default on their obligations to the Bank. Credit risk
Bank’s financial condition. Bank Mega has also conducted           management is an integral responsibility of management
a feasibility and effectiveness analysis to ensure that each       and staff at all levels, which must be reflected in daily
prepared recovery option can be properly implemented.              activities through a culture of risk awareness. Each
                                                                   party involved in the planning, decision-making and
                                                                   implementation of the credit approval process is required
Furthermore, as part of the implementation of the Deposit          to analyze and mitigate credit risk in accordance with their
Insurance Corporation’s (LPS) Regulation No. 1 of 2021 on          respective functions and responsibilities.
Resolution Plans for Commercial Banks and LPS Letter no.
S-304/DKRB/2021, dated December 20, 2021, concerning               Application of Risk Management to Credit Risk
the notification of the obligation to prepare and submit a         The duties and responsibilities of the Commissioners and
resolution plan for 2022, Bank Mega is required to prepare         Directors, the Risk Management Work Unit, the Support
a resolution plan document (resolution plan) in order to           Unit, the Credit Committee, the Risk Management
overcome the financial problems that will arise. The scope         Committee, the Risk Monitoring Committee, and the Credit
of the resolution plan document shall include at least an          Policy Committee are set forth in Bank Mega’s Credit Risk
executive summary and a resolution strategy.                       Management Policy.

Risk Management Strategy                                           An independent work unit has been established to
The risk management policy is aligned with the Bank’s              independently assess, monitor and report various risks.
business strategy. The focus of the 2023 business strategy         The unit is designed to operate independently from the
is on the Corporate and Joint Finance segments. In                 business unit.
response to the direction of business development, the
risk management strategy has taken steps in several key            The principles applied by the Bank in conducting its credit
areas. Starting with:                                              risk management activities are based on the internal
                                                                   credit risk policy set forth in the Bank’s Mega Credit Risk




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                                 Management Discussion and Analysis




Management Policy. This policy provides guidance on credit            Every month, the Bank also measures the risk of Covid-19
risk management strategies for activities with significant            debtors restructuring, which is reflected in the scoring value
credit risk exposure, credit concentration risk management,           carried out as a kind of early warning system. In addition,
and credit risk measurement and control mechanisms.                   the Bank monitors the quality of loans that have undergone
                                                                      COVID-19 restructuring in order to avoid potential defaults.
Credit concentration risk management is carried out
by diversifying the credit portfolio across different                 Disclosure of Quantitative Credit Risk Standards
geographical areas, industries, credit products and                   The Bank uses a standardized approach in calculating
individual borrowers and business groups in order to                  risk weighted assets (RWA) for credit risk in accordance
minimize credit risk. In all segments, the banks have lending         with SEOJK No.24/SEOJK.03 /2021 on Calculation of
limits based on economic sectors.                                     Risk Weighted Assets Using a Standardized Approach,
                                                                      which includes information on the policies on the use of
The mechanism for measuring and controlling credit risk               ratings in the calculation of Risk Weighted Assets (RWA)
is carried out using various analytical tools, including a            for Credit Risk, the portfolio categories using ratings, the
rating and scoring system as a credit decision tool, a credit         rating agencies used, and the disclosure of counterparty
decision authority system, other credit risk analysis based           credit risk, including the types of credit risk mitigation
on quantitative calculations, as well as credit risk thresholds       instruments generally accepted/used by the Bank and
in the calculation of risk profiles based on ratings. Bank            the types of credit risk mitigation instruments used in the
Health Level (PTKB).                                                  calculation of RWA for the Bank’s megacredit risk.

PTKB periodically reports to the OJK and is measured                  Disclosure of qualitative standards for credit risk
using a risk-based bank rating (RBBR) approach, which                 mitigation
consists of 2 (two) parts, namely inherent risk and quality           The Bank has a policy on the main types of collateral that
of credit risk management implementation. These inherent              can be accepted, the procedures and processes for the
indicators are grouped into four broad categories, namely             evaluation and management of collateral, the main parties
asset portfolio composition and concentration level, quality          providing guarantees and the creditworthiness of these
of funding and adequacy of reserves, funding strategy and             parties, as well as information on the level of concentration
sources of funding, and external factors.                             resulting from the use of credit risk mitigation techniques
                                                                      listed in the Collateral Appraisal Guidebook.
The Bank also takes into consideration the economic
sector in its lending activities. The Bank focuses on lending         All of the above policies/guidelines are reviewed
to sectors with high credit potential and low risk. As of             periodically to ensure that they are in line with the latest
December 2023, the majority of the Bank’s loans are                   developments in regulations, the business environment
allocated to the Information and Communication (19.93%),              and changes resulting from the Bank’s business growth
Transport and Storage (14.49%) and Mining and Quarrying               and global economic conditions.
(11.40%) sectors. The amount of loans in this sector is in
line with the Bank’s lending focus, namely in the corporate           Asset Securitization Qualitative Disclosures
segment, especially in the provision of loans to large, less          The Bank has no exposure to asset securitization.
risky corporate groups, as well as in the indirect channel
of lending and the credit card segment.                               Market Risk
                                                                      Market risk is the exposure of balance sheet and
The provision of credit in this sector also takes into account        administrative account positions, including derivative
the growing growth of digital business, as well as the                transactions, to general changes in market conditions,
economic conditions in each sector, where in the third                including changes in option prices. Market risk includes,
quarter of 2023, the GDP growth in the information and                but is not limited to, interest rate risk, foreign exchange
communication sector was 8.52%, in the transport and                  risk, equity risk and commodity risk. Interest rate risk,
storage sector 14.74%, and in the mining and quarrying                foreign exchange risk and commodity risk may arise from
sector (6.95%), well above the national GDP growth of                 both trading book and banking book positions.
4.94%.




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Implementation of market risk management                         Market risk measurement mechanism
The determination of the organizational structure, tools         The measurement of market risk in the trading book for
and completeness of units/functions related to the               foreign exchange and interest rates is determined by
implementation of market risk management must be                 calculating the Minimum Capital Requirement (MCR) using
adapted to the characteristics and complexity of the bank’s      the Standardized Approach on a monthly basis, as required
business activities.                                             by regulatory provisions. The Bank has also implemented
                                                                 regulatory requirements for the calculation of specific
In order to implement effective risk management, the bank        interest rate risks, which are weighted based on portfolio
develops roles and responsibilities that are tailored to the     categories and security ratings. In addition, the daily net
business objectives and policies, size and complexity,           open position (NOP) calculation is used to measure market
and capabilities of the bank. Responsibility for market          risk in accordance with regulatory requirements.
risk management generally rests with each business unit
whose activities are exposed to market risk, and specifically    Interest rate risk in the banking book is measured on a
with the Treasury & Financial Institutions business unit as      monthly basis using the Interest Rate Risk in the Banking
the overall manager of the Bank’s market risk. In carrying       Book (IRRBB) measure. Interest rate risk is viewed from
out this management function, Treasury & Financial               the perspective of the maximum loss from ∆Economic
Institutions is supported by Market, Liquidity & Integrated      Value of Equity (EVE) to capital and ∆Neutral Income (NII)
Risk Management (MIRG), which independently provides             to profit target.
objective input and analysis in the process of identifying,
measuring, monitoring and managing market risk.                  Portfolio coverage in KPMM
                                                                 Portfolio coverage (trading and banking book) is calculated
The division of authority and responsibility between             in KPMM using the standard method in accordance with
the Board of Managing Directors, the Market, Liquidity           OJK regulations. Calculations in KPMM consist of interest
& Integrated Risk Management (MIRG) units, the Risk              rate risk (specific risk & general risk) and foreign exchange
Management Committee (KMR) and the Asset and                     risk. The specific interest rate risk is calculated based
Liability Management Committee (ALCO), and the                   on the OJK regulation regarding the guidelines for the
support units consisting of Internal Audit, the business         use of standard methods in the calculation of KPMM for
units and the operational units is set out in the Market         commercial banks, taking into account the market risk.
Risk Management Policy.
                                                                 Specific interest rate risk is calculated using securities
Trading and banking book portfolio management                    data (trading book) based on portfolio categories and
Trading book and banking book portfolio management               securities ratings. Risk weights are determined based
and valuation methods are also governed by the Market            on a combination of portfolio categories and ratings. In
Risk Management Policy.                                          general, the weighting is divided into 3 (three) groups,
                                                                 namely Government Category, Qualification Category
Market risk is managed and controlled by setting and             (Investment Grade) and Non-Qualification Category, with
reviewing market risk limits on a regular basis. These limits    weight variations ranging from 0% to 12%.
include the market risk limit and the threshold risk level for
the Bank’s soundness assessment (PTKB) on the market
risk profile (carried out using historical data, statistics,     For general interest rate risk (trading book), the maturity
expert judgement and business perspective approaches).           method is used, with grouping based on the residual
                                                                 maturity bucket from ≤ 1 month to > 20 years. The risk
The Bank also periodically measures and reports to the           weight varies between 0% and 12.5%.
OJK on the management of market risk based on market
risk parameters in the Bank Soundness Level Assessment           Meanwhile, foreign exchange risk is calculated as the net
(PTKB) using a risk approach (Risk-based Bank Rating/            open position (PDN) multiplied by a capital charge of 8%.
RBBR) consisting of two parts, namely inherent risk and          PDN calculations are based on regulatory requirements.
quality of risk management implementation. These inherent
indicators are grouped into 3 (three) broad categories,
namely portfolio volume and composition, potential losses
from interest rate risk in the banking book, and the bank’s
business strategy and policies.




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                                Management Discussion and Analysis




Steps and plans to anticipate market risk                            Mekanisme Pengukuran dan Pengendalian Risiko
The analysis and monitoring of market risk limits and                Likuiditas
market risk profiles, including trading strategy and                 Identification of all sources of liquidity risk as set out in the
banking book parameters, as well as the complexity of                Liquidity Risk Management Policy, including:
the Bank’s derivative products, are regularly presented to           1. Banking products and activities that may affect the
management through the Risk Management Committee                         source and use of funds in both asset and liability
in order to formulate anticipatory measures and plans.                   positions and administrative accounts.
                                                                     2. b. Other risks that may increase liquidity risk, such as
Qualitative disclosure of market risk calculations using                 credit risk, market risk and operational risk.
internal models
The Bank does not calculate market risk using                        The tools used to measure and control liquidity risk relate
internal models.                                                     to regulatory requirements, including minimum statutory
                                                                     reserves (MSR), macroprudential intermediation ratio
Liquidity Risk                                                       (RIM), loan to deposit ratio (LDR), maturity profile, daily
Liquidity Risk is the risk resulting from the bank’s inability       cash flow projections, liquid assets to non-core deposits,
to meet maturing obligations from cash flow funding                  liquid assets to DPK, Liquidity Coverage Ratio (LCR), Net
sources and/or from high-quality liquid assets that can              Stable Funding Ratio (NSFR), Liquidity Stress Test, and
be collateralized without disrupting the bank’s financial            Liquidity Risk parameters in the bank health assessment
activities and condition. The inability to obtain cash flow          (PTKB) using a risk-based bank rating (RBBR) approach
funding sources, thereby giving rise to Liquidity Risk, can          consisting of 2 parts, namely inherent risk and quality
be caused by, among other things:                                    of risk management implementation. These inherent
1. Inability to generate cash flows from productive assets           indicators are grouped into 3 (three) broad categories,
    or from sales of assets including liquid assets; and/or          namely composition of assets, liabilities and administrative
2. Inability to generate cash flow originating from raising          account transactions, concentration of assets and liabilities,
    funds, inter-bank transactions, and loans received.              vulnerability to funding needs. In addition, the Bank has
                                                                     monitoring tools for the Early Warning System for market/
Implementation of Liquidity Risk Management                          external indicators of market risk and liquidity risk.
Determination of the organizational structure, tools
and completeness of units/functions related to the                   Liquidity risk anticipation policies and plans
implementation of risk management for Liquidity Risk                 Analysis and monitoring of liquidity risk limits and liquidity
must be adjusted to the characteristics and complexity               risk profiles, which include parameters of asset and liability
of the Bank’s business activities.                                   composition, concentration of assets and liabilities,
                                                                     susceptibility to funding needs and access to funding
In order to implement effective risk management, the                 sources, which are periodically presented to management
Bank develops roles and responsibilities that are tailored           through the Risk Management Committee to formulate
to the Bank’s business objectives and policies, size and             actions and anticipatory plans.
complexity, and capabilities. As a general rule, each
business unit with activities exposed to liquidity risk              Control is exercised over activities with increased
has a person responsible for liquidity risk management.              risk. Control is exercised through funding strategies,
Market, Liquidity & Integrated Risk Management (MIRG)                management of daily liquidity positions and liquidity
independently provides objective input and analysis in               risk, management of intercompany liquidity positions and
the process of identifying, measuring, monitoring and                liquidity risk, management of high-quality liquid assets
managing liquidity risk.                                             and contingency funding plans.

The division of authority and responsibility between                 Operational Risk
the Board of Commissioners and Directors, the Market,                Risiko Operasional adalah risiko yang disebabkan
Liquidity & Integrated Risk Management (MIRG) work                   Operational risk is a risk caused by the inadequacy
units, the Asset and Liability Management Committee                  and/or malfunction of internal processes, human error,
(ALCO), the support units consisting of Internal Audit, the          system failure or external problems that affect the Bank’s
business units and the operational work units is set out in          operations. Since the issuance of the POJK on the
the Liquidity Risk Management Policy.                                Implementation of Risk Management for Commercial




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Banks, Bank Mega has been seriously implementing                 the KMR meeting, so that only critical and material issues
Operational Risk Management by constantly improving              are sought for resolution in the KMR meeting forum.
the form of implementation in all of the Bank’s activities,
both those inherent in the transactional activities of the       Operational Risk Identification and Measurement
branches and the support activities of the Head Office.          Mechanism
                                                                 The Bank uses the Operational Risk Online Test (OPRIST) tool
Organization of Operational Risk Management                      to measure the level of mastery of policies and procedures,
In order to increase the effectiveness of the implementation     authority, and products among branch employees and
of operational risk management, the Bank has established         various work units at Head Office. Identifying risks by
an operational risk management organization with clearly         looking at the level of employees’ mastery of policies and
formulated roles and responsibilities, starting from the         procedures is seen as an effective way to look at potential
branch, regional and head office levels. The functions and       risks from errors in the implementation of operational
duties of the organization are constantly reviewed in order      processes (especially people risk factors). Since 2022,
to enhance the effectiveness of coordination and sharpen         the Operational Risk Online Test (OPRIST) has used the
the implementation of risk identification.                       Operational Risk Web Links (OWL) system application,
                                                                 namely a test conducted online for Bank Mega employees
At Head Office level, the Bank has established an                at Head Office and branches to measure understanding
Operational Risk Management Work Unit under the                  of policies and procedures, products and regulations.
coordination of the Risk Management Work Unit. This              others related to their field of work, as well as to increase
unit is responsible for assisting the Board of Directors         employees’ risk awareness.
in the management of operational risk, monitoring the
process of implementing operational risk management as           In addition, Operational Risk Management e-learning has
a whole, and ensuring that operational risk management           also been implemented for all employees to measure
policies are implemented at all levels of the organization.      the employees’ understanding of Operational Risk
Some of these responsibilities include:                          Management. Through the implementation of e-learning,
1. Assisting the Board of Directors in developing                the level of awareness of operational risk can be seen while
    operational risk management policies.                        providing refreshment to employees.
2. Designing and implementing operational risk
    assessment and reporting tools, and coordinating             On a bank-wide basis, risk identification and measurement
    operational risk management activities across                is carried out on the basis of several key indicators that
    business units.                                              are considered to represent the Bank’s operational risks.
3. Prepare operational risk profile reports.                     These indicators are grouped into 5 (five) broad categories,
4. Provide support to business units on operational              namely business characteristics and complexity, human
    risk management issues and training on operational           resources, information technology and supporting
    risk management.                                             infrastructure, fraud and external events. The end result
                                                                 of this identification and measurement is the Bank’s
In its implementation, the Operational Risk Management           operational risk profile, which is reported to the OJK on
Work Unit coordinates with the Internal Audit Work Unit,         a quarterly basis.
Process Management & Internal Control Work Unit,
Compliance & GCG Work Unit, Crime & Fraud Investigation          On the other hand, the Bank currently uses the
Work Unit and other related work units by holding an             Standardized Approach (SA) for risk measurement
Internal Control Forum to discuss risk issues. significant       related to the calculation of risk-weighted assets (RWA)
transactions so that these risks can be controlled at an         for operational risk.
early stage.
                                                                 Operational Risk Mitigation Mechanism
On the other hand, the Bank has also established an              In order to mitigate or control the operational risk inherent
Operational Risk Support Group to the Risk Management            in the operational activities, the Bank periodically reviews
Committee (KMR), whose task is to support the KMR in             the policies and standard operating procedures (SOPs) to
identifying operational risks, especially those related to the   ensure the adequacy of these policies and SOPs as work
risk management process carried out by the risk owner. This      guidelines, considering the Bank’s increasingly developing
support group also acts as a filter for risk issues brought to   business activities. In addition, the Bank also delegates




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                                 Management Discussion and Analysis




authority, particularly for branch transactions, in the form of       unable to provide the relevant documents, the Bank cannot
transaction limits, thereby facilitating the customer service         perform the transaction.
process without neglecting risk aspects.
                                                                      If all the Bank’s services to the Customer are not performed
                                                                      properly, they may lead to the Customer’s complaints,
Separation of functions and duties or segregation of                  which in turn may lead to legal problems. In order to avoid
duties is always applied to all operational activities,               these things, the Bank has equipped each customer service
both transactional and non-transactional, including the               activity with appropriate policies and procedures so that
reporting process. This includes the implementation of                each Bank employee can handle customer transactions
dual control to ensure the validation of transactions. Other          more prudently.
operational risk control methods such as security systems,
improvement and capability of human resources are also                On the other hand, in order to control the legal risk,
always implemented to minimize operational risk so that               especially when launching new products and activities, the
the Bank avoids losses.                                               Corporate Legal Work Unit constantly reviews cooperation
                                                                      agreements, one of the objectives of which is to ensure
Legal Risk                                                            that the Bank’s legal position is correct. In addition, the
Legal risks arise from legal requirements and/or weaknesses           Corporate Legal Work Unit routinely conducts training
in legal aspects. Legal risks can cause significant losses if         sessions for employees on legal risk management,
not properly managed. Early identification of legal risks             particularly in connection with client transactions in
is very helpful in managing legal risks so that they do not           both the liability and credit areas. The aim is to increase
cause losses beyond the bank’s tolerance.                             employees’ competence in managing legal risks.

Legal Risk Management Organization                                    Strategic Risk
The Bank views legal risk as a type of risk that needs to             Risiko Stratejik adalah risiko ketidaktepatan dalam Strategic
be managed seriously, considering that its impact can be              risk is the risk of inaccuracy in making and/or implementing
significantly detrimental. Based on this view, the Bank has           a strategic decision, as well as failure to anticipate changes
established a legal risk management organization at both              in the business environment. Therefore, the accuracy of
Head Office and Regional Office levels. At Head Office,               the strategy prepared by the Bank is the main key to
the Bank has a Corporate Legal Work Unit, which functions             achieving the set goals. Considering the importance of this
as a legal watchdog, whose duties include handling legal              strategy, the bank constantly monitors its implementation
issues faced by the Bank, providing legal opinions on                 and evaluates the weaknesses/deviations that occur in
cooperation agreements to be entered into by the Bank,                order to correct them immediately.
and providing legal analysis related to the launch of new
products and activities. The Corporate Legal Department               Generally, the Bank’s strategy has been formulated and
reports to the President Director.                                    outlined in a business plan document, which must be
                                                                      reported to the OJK at the end of each year. This document
In the Regional Office, the legal functions are performed by          sets out the Bank’s objectives and targets in terms of assets,
the Legal Manager under the coordination of the Regional              liabilities and new products and activities to be issued.
Operational Manager. The existence of this work unit is               Deviations that occur during the implementation phase
considered to be very helpful in handling legal issues in             are risks that must be managed in order to avoid losses
the work area of the respective regional office, so that if           to the Bank.
legal issues arise, they can be dealt with immediately. In
the branch office, legal functions are performed by the               Strategic Risk Management Organization
Legal Officer.                                                        All business and support units are responsible for assisting
                                                                      the Board of Directors in the preparation of strategic
Legal Risk Control Mechanism                                          planning and the effective implementation of strategies.
Legal risk control is carried out from the first moment               The Bank has a Financial Control Department whose
when the Bank enters into business cooperation with the               responsibilities include monitoring the achievement of
Customer in the form of liability, credit or other service            the Bank’s business objectives. In addition, the Bank’s
activities. Completeness of administrative documents is               Strategic Risk Management is focused on the achievement
an important prerequisite for opening an account and                  of targets set as a form of monitoring the appropriateness
performing banking operations, so if the Customer is                  of the strategy implemented by the Bank.




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Efforts to Identify and Respond to Changes in the Business       Corporate Governance (CGCG) Work Unit, which is located
Environment                                                      at the Head Office. In order to manage compliance risk,
One of the issues to be considered in strategic risk             the Bank, through this unit, always ensures that it does not
management is how quickly the Bank can respond                   violate applicable regulations, be they internal or external.
positively to changes in the business environment, both          Monitoring the implementation of all reporting obligations
domestically and internationally. In this regard, the Bank       that the Bank has to fulfil to the regulator. CGCG reports
always adapts any business strategy that is formulated to        to the Compliance Director (Director of Compliance &
developments in the relevant environment. One form of            Human Capital).
this is the Bank’s increased focus on business development
through integration with the Group’s businesses, while           Strategy and Effectiveness of Compliance Risk
always complying with internal and external laws and             Management Implementation
regulations. At present, services to key customers (priority     The existence of the CGCG work unit is independent of
banking) are still considered to have great development          the business and support work units, so that it can perform
potential. Promotional strategies through the synergy            its duties and functions more effectively. In this regard,
of credit products and TPF products, which are then              the Bank always ensures that it does not violate external
offered primarily to priority customers, continue to be          regulations when drafting and reviewing internal policies,
implemented in order to maintain customer loyalty and            both in the form of operational policies and Standard
attract new customers.                                           Operating Procedures (SOPs). Technically, each policy
                                                                 issued must be reviewed by the Compliance Department.
Mechanisms to measure progress against an established            On the other hand, when providing services to clients, the
business plan                                                    officer performing the transaction is obliged to ensure the
Strategic risk control is always carried out by all work         completeness and accuracy of the documentation. This
units, in particular by business work units at the branch        is done as an anticipatory step so that the Bank is not
level, business areas up to the head office. Each week,          exposed to compliance risk.
the branch evaluates its business performance. This
is also done on a weekly basis for Business Areas and            Compliance Risk Monitoring and Control Mechanism
Head Office. The scope of the evaluation includes not            The Internal Audit Department, the Operational Control
only the achievement of the set targets, but also finding        Department and the Credit Control Department play a
solutions to the obstacles encountered in the field. All         very important role in the implementation of compliance
these steps are taken to ensure that the Bank’s strategy         risk monitoring. The three work units, according to their
can be implemented in accordance with what has been              roles and duties, work hand in hand to monitor compliance
determined, i.e. to minimize strategic risk.                     risk for all work units, both business and support. On
                                                                 the other hand, in order to optimize the internal control
Compliance Risk                                                  aspects, the Bank routinely conducts compliance training
Compliance risk is the risk arising from the Bank’s failure      for employees, especially for new employees and those
to comply with and/or implement applicable laws and              who have been working for the Bank for a long time. At
regulations. Compliance risk may arise from, among other         the branch level, a morning briefing is routinely held at
things, legal conduct, i.e. the Bank’s conduct/activities that   least once a week, which is a discussion forum specifically
deviate from or violate applicable laws or regulations, and      dedicated to discussing policies issued by headquarters
organizational conduct, i.e. the Bank’s conduct/activities       and external regulations.
that deviate from or violate generally accepted standards.
Compliance risk has a very significant impact if it is not       Reputational Risk
adequately managed, as the impact can be in the form of          Reputational risk is the risk arising from a decline in
heavy fines or sanctions. In this regard, the Bank always        stakeholder confidence due to negative perceptions
pays attention to the fact that Compliance Risk is a risk        of the Bank. Reputational risk can arise from various
that needs to be managed seriously.                              business activities of the Bank, such as negative news in
                                                                 the mass media, violations of business ethics and customer
Organization of Compliance Risk Management                       complaints, or weaknesses in the Bank’s governance,
Based on this view, the Bank has established a work unit         corporate culture and business practices. Given that
dedicated to compliance, namely the Compliance & Good            Reputation Risk is closely related to customers, if it is




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                               Management Discussion and Analysis




not well managed, Reputation Risk has a very significant            have direct contact with customers is an effective way of
impact, including the occurrence of a run that ultimately           improving service. The Bank does this by providing regular
results in the Bank abandoning its customers.                       training to tellers, customer service and marketing staff,
                                                                    particularly on how to serve customers and to increase
Organization of Reputation Risk Management                          their understanding of the Bank’s products.
As a commercial institution whose business activities
are based on public trust, a good name or reputation                In addition, the Bank always applies the principles of
plays a very important role for the bank. Reputation in             information transparency towards the clients. In this regard,
the form of public trust needs to be built over a long              the Bank always provides information to the client on the
period of time and therefore requires good management.              benefits, risks and costs of each product and service offered
Based on this, the Bank has a work unit in charge of                by the Bank. In this way, customers receive balanced
reputation risk management, namely Corporate Affairs,               information about the products or services they use.
where the technical implementation is carried out by the
Corporate Communication team. This unit is tasked with              Managing reputational risk in times of crisis
monitoring negative news in the mass media and handling             A crisis condition is a condition that is least expected
any customer complaints in the mass media, as well as               by all types of companies, including banks, because this
performing public relations functions and responding                condition can be a destroying factor of the reputation that
to negative news or other events that may affect the                has been built by the bank. For this reason, appropriate
Bank’s reputation and cause losses to the Bank. It is also          steps are needed to manage crisis conditions, including
responsible for communicating information to investors,             how to communicate them to customers to avoid creating
clients, creditors, associations and the general public.            negative perceptions of the bank. The role of managing
                                                                    the Bank’s reputation risk in times of crisis is performed
In addition, the Bank has a Customer Care Department,               by the Corporate Affairs department under the direct
which is responsible for handling customer complaints               direction of the President Director. Several strategies that
received by the branches. Technically, each customer                can be implemented by the Bank are maintaining good
complaint received by a branch is reported by the branch to         relations with the mass media in a professional manner,
Customer Care through the system/application provided.              providing adequate understanding and education to the
In addition, Customer Care routinely monitors complaints            public/customers regarding the crisis conditions so that
in the system/application and then coordinates with the             customers can receive correct information. This is to avoid
relevant work units to find solutions to resolve them.              customer panic.

Policies and Mechanisms to Improve Customer Service
In order to maintain its reputation, the Bank is constantly
striving to improve its service to customers. When
customers feel that all their interests are met, they are
expected to make a positive contribution to the Bank’s
reputation. Increasing the competence of employees who




 262                       PT BANK MEGA Tbk         2023 Annual Report        Refocus in Business Strategy for Sustainable Growth
Page 263
       SANTAP NIKMAT TETAP HEMAT

              DISKON
              HINGGA
                                     50
                             dengan Kartu Kredit Bank Mega
                                                                               %

Syarat dan Ketentuan:
•   Berlaku s/d 31 Desember 2024
•   DISKON 30% dengan minimum transaksi Rp75.000,- dan maksimum transaksi Rp250.000,- (sebelum pajak)
•   DISKON 50% minimum transaksi Rp250.000,- dan maksimum transaksi Rp1.500.000,- (sebelum pajak)
•   Berlaku untuk dine in & take away
•   Tidak berlaku split bill
•   Berlaku untuk Kartu Kredit Bank Mega kecuali Mega Silver/Classic Card, Mega Corporate Card, Mega
    Groserindo Card, Mega Wholesale Card, Mega Barca Card, Mega FIFA Card, Mega IA ITB Card, Bank Riau Card
    dan Bank Sulteng Card
Page 264
05
Corporate
Governance
Page 265
PT BANK MEGA Tbk   2023 Annual Report
Page 266
                                               Corporate Governance




Foreword




Bank Mega is aware of the importance of the implementation                 key element for Bank Megain conducting all business
of good corporate governance (GCG), now and in the                         activities in the banking industry in Indonesia. In addition,
future, in view of the increasing risks and challenges                     GCG plays an important role as a key component of the
facing the banking industry. Therefore, Bank Mega has                      Bank’s efforts to improve performance, protect stakeholder
a strong commitment to the continuous improvement of                       interests, and enhance compliance with applicable laws
the implementation of GCG best practices at all levels                     and regulations as well as generally accepted ethical values
of the organization. The implementation of GCG is a                        in national banking.



       Legal Basis for the Implementation of Corporate Governance

Bank Mega’s implementation of corporate governance at all levels of the organization is guided by various laws and
regulations applicable to the banking industry and public companies, including:


       Legal Basis                                                       Type of Regulations

 Law (UU) of the Republic of   •   Law no. 10 Year 1998 concerning Banking;
 Indonesia                     •   Law no. 40 Year 2007 concerning Limited Liability Companies;
                               •   Law No. 27 Year 2022 concerning Personal Data Protection




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                                                                                               PT BANK MEGA Tbk               2023 Annual Report




            Legal Basis                                                          Type of Regulations

   Regulation of the Financial    •   POJK No. 33/POJK.04/2014 regarding the Board of Directors and Board of Commissioners of Issuers or Public Companies;
   Services Authority (POJK)      •   POJK No. 34/POJK.04/2014 regarding Nomination and Remuneration Committee of Issuers or Public Companies;
                                  •   POJK No. 35/POJK.04/2014 regarding Corporate Secretary of Issuers or Public Companies;
                                  •   POJK No.45/POJK.03/2015 concerning Implementation of Governance in Providing Remuneration for Commercial Banks;
                                  •   POJK No. 55/POJK.04/2015 regarding the Establishment and Work Guidelines of Audit Committee;
                                  •   POJK No. 56/POJK.04/2015 regarding the Establishment and Guidelines for the Preparation of the Internal Audit Unit Charter;
                                  •   POJK No. 4/POJK.03/2016 regarding the Assessment of Commercial Bank Soundness Level;
                                  •   POJK No. 18/POJK.03/2016 regarding Implementation of Risk Management for Commercial Banks;
                                  •   POJK No. 29/POJK.04/2016 regarding the Annual Report of Issuers or Public Companies;
                                  •   POJK No. 46/POJK.03/2017 regarding the Implementation of the Compliance Function of Commercial Banks;
                                  •   POJK No. 1/POJK.03/2019 on the Implementation of the Internal Audit Function in Commercial Banks;
                                  •   POJK No. 37/POJK.03/2019 concerning Transparency and Publication of Bank Reports;
                                  •   POJK No.12/POJK.03/2020 dated 16 March 2020 concerning Consolidation of Commercial Banks;
                                  •   POJK No. 15/POJK.04/2020 on Planning and Organization of General Meetings of Shareholders of Public Companies;
                                  •   POJK No. 16/POJK.04/2020 of 2020 on the Implementation of Electronic General Meetings of Shareholders of Public
                                      Companies
                                  •   POJK No. 63/POJK.03/2020 concerning Commercial Bank Reporting Through the Financial Services Authority
                                      Reporting System;
                                  •   POJK No. 12 /POJK.03/2021 concerning Commercial Bank;
                                  •   POJK No. 11/POJK.03/2022 on the Implementation of Information Technology by Commercial Banks;
                                  •   POJK No. 6/POJK.07/2022 concerning Consumer and Public Protection in the Financial Services Sector;
                                  •   POJK No. 24 Year 2022 concerning Development of the Quality of Human Resources for Commercial Banking;
                                  •   POJK No. 17 Year 2023 regarding Commercial Bank Governance Implementation

   Financial Services Authority   •   SEOJK No. 55/POJK.04/2015, dated December 29, 2015 regarding the Establishment and Guidelines for the Work
   Circular (SE OJK)                  Implementation of the Audit Committee;
                                  •   SEOJK No.40/SEOJK.03/2016, dated September 26, 2016 concerning Implementation of Governance in Providing
                                      Remuneration for Commercial Banks;
                                  •   SEOJK No. 13/SEOJK.03/2017, dated March 17, 2017 concerning the Implementation of Good Corporate Governance
                                      for Commercial Banks.
                                  •   SEOJK No. 35/SEOJK.03/2017 of 17 March 2017 on Standard Guidelines for Internal Control Systems of Commercial Banks
                                  •   SEOJK No. 16/SEOJK.04/2021, dated June 29, 2021 concerning the Form and Content of the Annual Report of Issuers
                                      or Public Companies.
                                  •   SEOJK No. 28/SEOJK. 03/2022, dated December 22, 2022, concerning Risk Management Certification for Commercial
                                      Bank Personnel
                                  •   SEOJK No. 29/SEOJK.03/2022, dated December 27, 2022 concerning Cyber Resilience and Security for Commercial Banks

   Others                         •   Indonesian Corporate Governance Roadmap Towards Better Governance of Issuers and Public Companies issued by
                                      OJK on February 4, 2014;
                                  •   The most recent Articles of Incorporation of the Company, as set forth in Deed No. 17 dated March 23, 2022, regarding
                                      changes in issued and paid-up capital.
                                  •   Decree of PT Bank Mega Tbk No. SK: 039/DIRBM/20 on Corporate Governance Implementation Guidelines



         Corporate Governance Principles

  Bank Mega’s GCG implementation also refers to the 5 GCG principles consisting of transparency, accountability,
  responsibility, independence and fairness. The implementation of the five GCG principles involves the Board of
  Commissioners, Directors, and all employees of the bank to strengthen the bank’s business operations as a whole. The
  five GCG principles are

             Transparency             The Bank implements openness in presenting material and relevant information, and openness in making decisions.




      Accountability                  The Bank implements clarity in the functions and responsibilities of the Bank’s organs for effective management.




                                      The Bank always ensures that the management of the Bank conforms to the legal regulations and to the principles
            Responsibility            of sound managing the Bank.



                                      The Bank ensures that the management of the Bank is conducted professionally without any influence or pressure
            Independency
                                      from any party.




      Equality and Fairness           The Bank always ensures fairness and equality in fulfilling the rights of stakeholders arising from agreements and laws.




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                                        Corporate Governance




Governance Structure

As stipulated in the Law on Limited Liability Companies and in the Articles of Association of Bank Mega, the Bank’s GCG
structure is composed of the General Meeting of Shareholders (GMS), the Board of Commissioners and the Directors.
In addition, the Board of Commissioners and the Directors are assisted in the performance of their duties and powers
in the management of the Bank by supporting committees, as shown in the table below:


                                                      MAIN ORGANS


                                                          RUPS

                                                 Board of Commissioners

                                                    Board of Directors



                                                  SUPPORTING ORGANS



                          Board of Commissioners Committee           Board of Directors Committee


                 Internal Audit                         Compliance                           Risk Management


             Anti Money Laundering                   Corporate Affairs                        Fraud Banking




As stipulated in the Board Manual for the Board of               Bank Mega’s position as the Main Entity in Mega Corpora
Commissioners of Bank Mega, the Board of Commissioners           Financial Conglomerate.
is required to form an Audit Committee, a Risk Monitoring
Committee and a Remuneration and Nomination                      The Board of Directors of Bank Mega has also formed
Committee. The formation of these three committees is            a working unit under the Board of Directors to assist
in accordance with the provisions for the implementation         in the performance of the duties and powers of the
of the governance of commercial banks in accordance with         Bank’s management. The Work Units in question consist
POJK No. 17 of 2023. Meanwhile, Bank Mega’s Board of             of the Internal Audit Work Unit, the Compliance Work
Directors formed a committee according to the Bank’s             Unit, the Risk Management Work Unit, the Anti-Money
needs as regulated in the Board Manual. Currently, the           Laundering (AMLA) Work Unit and the Anti-Fraud Strategy
supporting organs of the Board of Directors are committees       Implementation Work Unit. The existence of this Work
and work units under the Board of Directors.                     Unit meets the requirements set forth in POJK No. 17
                                                                 of 2023 concerning the Implementation of Commercial
The Board of Directors has formed several executive              Bank Governance.
committees to assist it in carrying out its duties and
responsibilities. These committees are: Risk Management          In order to strengthen the functions of various supporting
Committee, Assets and Liabilities Committee (ALCO),              bodies under the Board of Commissioners and Directors,
Credit Policy Committee, Information Technology Steering         Bank Mega has prepared a set of policies and procedures
Committee, Human Resources Committee, Product                    based on the regulations of the Financial Services Authority
Committee, Crisis Management Committee and Credit                and Bank Indonesia, as well as applicable laws and
Committee. Besides these committees, the Bank also               regulations. The preparation of these policies and procedures
established Integrated Risk Management Committee                 is balanced with their direct socialization or publication in
and Integrated Governance Committee considering                  media that are easily accessible to all employees.



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                                                                         PT BANK MEGA Tbk         2023 Annual Report




Annual General Meeting of Shareholders

The General Meeting of Shareholders (GMS) is an organ         been reviewed by the Board of Commissioners and which
of the Bank, which has powers that are not granted to the     includes, among other things, a report on the management
Directors or the Board of Commissioners within the limits     of the Bank carried out by the Board of Directors during
established by the Law on Limited Liability Companies         the previous financial year, for approval at the AGMS.
and/or the Articles of Association. The implementation        The Board of Directors also submits financial reports
of the General Meeting of Shareholders of Bank Mega is        audited by a public accountant registered with the OJK
regulated by POJK No. 15/POJK.04/2020 on the Planning         for approval by the AGMS. In addition, the AGMS decides
and Organization of General Meetings of Shareholders of       on the appropriation of the net profit, if any, and appoints a
Public Companies, POJK No. 16/POJK.04/2020 of 2020            public accountant registered with the OJK. The AGMS may
on the Implementation of Electronic General Meetings          decide on such matters as may be proposed in accordance
of Shareholders of Public Companies and the Statute of        with the Bank’s Articles of Association.
Bank Mega.
                                                              Meanwhile, an Extraordinary General Meeting (EGM)
Type of GMS                                                   shall be held by the Board of Directors at the written
According to the POJK Regulations on the Implementation       request of the Board of Commissioners or of 1 (one) or
of GMS and the Bank’s Articles of Association, GMS can        more shareholders who together represent 1/10 (one
be divided into Annual GMS and Extraordinary GMS. The         tenth) of the total shares with valid voting rights. which
Annual GMS (AGMS) must be held no later than 6 (six)          may be held at any time accompanied by reasons and
months after the end of the fiscal year. At the AGMS, the     fulfilling the requirements stipulated in the Bank’s Articles
Board of Directors submits an annual report, which has        of Association.

      The Implementation and Resolutions of Agms 2023 for the Fiscal Year 2022

Chronology of the AGMS                                        Quorum of Shareholders Present
Bank Mega held an Annual GMS (AGMS) on February 24,           The meeting was attended by shareholders and/or
2023 at 14:16 - 15:54 at the Mega Auditorium, Bank Mega       proxies/representatives of shareholders, both physically
Tower, 3rd Floor, Jalan Captain Tendean Kav. 12 - 14A,        and through the eASY.KSEI application, representing
South Jakarta 1279. Prior to the holding of the AGMS,         11,437,176,871 shares or 97.41% of the votes out of the
the Company made an announcement via PT Bursa Efek            total number of shares with valid voting rights issued by the
Indonesia’s website (www.idx.co.id), the Bank’s website       Company until the date of the meeting, which amounted
(www.bankmega.com) and eASY.KSEI’s website (https://          to 11,740,923,365 shares.
akses.ksei.co.id). Through the same media, Bank Mega has
summoned the AGMS on February 2, 2023. In the AGMS            All the shareholders present gave 100% approval to all
notice, Bank Mega also provided a link to participate in      the resolutions on the agenda of the AGMS, except for
the AGMS by accessing KSEI’s Electronic General Meeting       the agenda of the third meeting, which was not adopted
System (eASY.KSEI) at https://akses. ksei.co.id/ provided     at the meeting because it was only intended to inform the
by KSEI.                                                      shareholders about the Company’s Sustainable Financial
                                                              Action Plan for 2023.
This process is conducted by the Company in accordance
with POJK No. 15/2020, POJK No. 16/POJK.04//2020              Questions and Answers
dated 21 April 2020 on the Implementation of Electronic       For each item on the agenda of the Meeting, the
Shareholders’ Meetings of Public Corporations and the         shareholders have the opportunity to ask questions or
Articles of Association of the Bank.                          express opinions related to the discussion of the item on
                                                              the agenda of the Meeting. On the agenda of the first
                                                              meeting there was 1 (one) question from shareholders
                                                              and for the agenda of the second to ninth meetings there
                                                              were no questions from legal holders.




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                                                 Corporate Governance




Decision-making mechanism
Decisions are made on the basis of votes cast physically and electronically via the eASY.KSEI application. Decisions of
the meetings are made by voting, taking into account physical votes and electronic votes via the eASY.KSEI application.

AGMS Agenda and Resolutions
The AGMS agenda and resolutions are as follows:


 No                         Agenda                                                                  Decision

  1    Approval and Ratification of the Annual Report year     •   Accepted and approved the Board of Directors' Annual Report regarding the
       ended on December 31, 2022, consisting of:                  Management of the Company for the 2022 financial year, and the Board of
       a. Company’s Management Report;                             Commissioners' Supervisory Report for the financial year ending December 31st, 2022;
       b. The audited financial statements of the Company;     •   Receive and ratify the Financial Statements for Fiscal Year 2022 which includes the
       c. Board of Commissioners Supervisory duties Report         Balance Sheet and Profitand Loss calculations which have been audited by the Public
          of the Company.                                          Accounting Firm Kosasih, Nurdiyaman, Mulyadi,Tjahjo & Partners with Report number
                                                                   00023/2.1051/AU.1/07/1671-2/1 /I/2023 January 27, 2023; And
                                                               •   Provide full release and discharge of responsibility to members of the Board of
                                                                   Directors and Board of Commissioners for the management and supervision carried
                                                                   out during the 2022 financial year as long as these actions are reflected in the
                                                                   Financial Statements.

       Follow-Up/Realization                                   Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                               Akhyuzi S.H., Notary at Jakarta and have been implemented.

  2

       Follow-Up/Realization                                   Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                               Akhyuzi S.H., Notary at Jakarta and have been implemented.

  3    Board of Directors Business Plan Report Year 2023 and   For the agenda of the Third Meeting, no Meeting decision is made because it was only
       Sustainable Finance Action Plan Report.                 to be communicated to shareholders regarding the Company's Sustainable Finance
                                                               Action Plan for 2023.

       Follow-Up/Realization                                   Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                               Akhyuzi S.H., Notary at Jakarta and have been implemented.

  4    Appointment of the Public Accountant Office to          To give authority and power to the Board of Commissioners and with regard to the
       audit the Company's Annual Report for the 2023          recommendations of the Audit Committee, to appoint a Public Accountant Firm registered
       financial year.                                         with the Financial Services Authority, to conduct an audit of the Company's finances for
                                                               the financial year 2023, to obtain an auditor with the best quality and price.

       Follow-Up/Realization                                   Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                               Akhyuzi S.H., Notary at Jakarta and have been implemented.




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 No                       Agenda                                                             Decision

  5    Changes of the Structure of the Company’s      •   Appointed Mrs. Indivara Erni and Mrs. Lay Diza Larentie, each as Vice President
       Management.                                        Director; Mr. YB Hariantono as the Director of the Company, with the provision that
                                                          the appointment of Mrs. Indivara Erni and Mrs. Diza Larentie as the Vice President
                                                          Director, and Mr. YB Hariantono as the Director is effective as of the time those
                                                          concerned have received approval from the Financial Services Authority for Fit and
                                                          Proper Test and comply with applicable laws and regulations, with a term of office up
                                                          to the Annual General Meeting of Shareholders which will be held in 2024 without
                                                          prejudice to the right of the General Meeting of Shareholders to terminate at any time.

                                                          With the above decision, the composition of the members of the Board of Directors
                                                          of the Company is as follows:


                                                          President Director             :   Kostaman Thayib
                                                          Vice President Director        :   Indivara Erni
                                                          Vice President Director        :   Lay Diza Larentie
                                                          Director                       :   Yuni Lastianto
                                                          Director                       :   Madi Lazuardi
                                                          Director                       :   Martin Mulwanto
                                                          Director                       :   C. Guntur Triyudianto
                                                          Director                       :   YB Hariantono

                                                      •   Appoint Mr. Hizbullah as Independent Commissioner of the Company, provided
                                                          that the appointment of Mr. Hizbullah as Independent Commissioner is effective
                                                          from the time he has obtained approval from the Financial Services Authority for Fit
                                                          and Proper Test and complies with applicable laws and regulations, with a term of
                                                          office up to the General Meeting Annual Shareholders' Meeting which will be held
                                                          in 2027 without prejudice to the rights of the General Meeting of Shareholders to
                                                          terminate at any time.

                                                          With the above decision, the composition of the members of the Company's Board
                                                          of Commissioners is as follows:


                                                          President Commissioner         :   Chairul Tanjung
                                                          Vice President Commissioner :      Yungky Setiawan
                                                          Independent Commissioner :         Achjadi Ranuwisastra
                                                          Independent Commissioner :         Lambock V. Nahattands
                                                          Independent Commissioner :         Hizbullah

                                                          To approve the granting of power and authority to the Board of Directors of the
                                                          Company to declare the resolutions of this Meeting in a notarial deed and to
                                                          report changes in the composition of the members of the Company's Board of
                                                          Commissioners to the competent authority.

       Follow-Up/Realization                          Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                      Akhyuzi S.H., Notary at Jakarta and have been implemented.




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                                               Corporate Governance




No                        Agenda                                                                   Decision

 6    The determination of honorarium and other allowances   •   To determine a budget for net honorarium of all members of the Board of
      for Board of Commissioners and Board of Directors          Commissioners amounting to Rp1.510.000.000,- per month with taxes being borne by
      for Year 2023.                                             the Company, and to empower and authorize the Company’s Board of Commissioners
                                                                 to determine the distribution thereof and other benefits for each member of the
                                                                 Board of Commissioners, to be applicable until resolved otherwise at the following
                                                                 Annual General Meeting of Shareholders.
                                                             •   To approve the granting authority and power to the Board of Commissioners for
                                                                 and on behalf of the Meeting to determine the salary and other benefits for each
                                                                 member of the Company's Board of Directors.

      Follow-Up/Realization                                  Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                             Akhyuzi S.H., Notary at Jakarta and have been implemented.

 7    Approval on the Company’s Recovery Plan Update         •   Approve the Update of the Company’s Recovery Plan which has been prepared in
                                                                 the 2022 Period Recovery Plan Document and submitted by the Company to the
                                                                 Financial Services Authority in order to comply with the provisions of the Financial
                                                                 Services Authority Regulation Number 14/POJK.03/2017 concerning Action Plans
                                                                 (Recovery Plan) for Systemic Banks, including changes to the trigger level of the
                                                                 Company’s NSFR indicator.
                                                             •   Approve to give power and authority to the Board of Directors of the Company to
                                                                 carry out one or several options in updating the Company’s Action Plan (Recovery
                                                                 Plan) by first obtaining the approval of the Board of Commissioners, including in
                                                                 the event of an urgent situation and condition, where the Board of Directors of the
                                                                 Company must carry out one of the one or several options in updating the Company’s
                                                                 Action Plan (Recovery Plan) which requires the approval of the General Meeting of
                                                                 Shareholders, provided that they comply with the provisions of laws and regulations
                                                                 in the Capital Market sector considering that the Company is a Public Company.
                                                             •   Declare that the granting of power and authority is effective from the time the proposal
                                                                 submitted in this event is received and approved by this Meeting

      Follow-Up/Realization                                  Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                             Akhyuzi S.H., Notary at Jakarta and have been implemented.

 8    Approval for submission of the Company's Resolution
      Plan documents.

      Follow-Up/Realization                                  Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                             Akhyuzi S.H., Notary at Jakarta and have been implemented.

 9    Amendments of the Company's Articles of Association    •   Approve changes and readjustments to the Company's Articles of Association, in
                                                                 order to comply with the provisions of the applicable laws and regulations.
                                                             •   Approve the granting of power and authority to the Board of Directors of the Company
                                                                 to make changes to the provisions of the Articles of Association in accordance with
                                                                 the decision of the Meeting, state the decision of this meeting in a notarial deed
                                                                 including to rearrange all provisions of the articles of association in a notarial deed
                                                                 if necessary, as well as to arrange for approval and reporting the amendments to
                                                                 the articles of association to the Minister of Law and Human Rights of the Republic
                                                                 of Indonesia and taking any necessary actions to implement the changes to the
                                                                 provisions of the Company's articles of association.

      Follow-Up/Realization                                  Have been documented in Deed No. 7 dated February 24, 2023 made before Dharma
                                                             Akhyuzi S.H., Notary at Jakarta and have been implemented.




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                                                                                            PT BANK MEGA Tbk               2023 Annual Report




      The Implementation and Resolutions of Agms 2022 for the Fiscal Year 2021

In summary, the AGMS agenda and resolutions for February 25, 2022 are as follows:


 No                        Agenda                                                                   Decision

  1    Approval of the Board of Directors Report and          To receive and approve the Board of Directors' Report regarding the management of the
       Supervisory Report of the Board of Commissioners       Company during the 2021 financial year and the Board of Commissioners' Supervisory
       and Ratification of the Company's Annual Report for    Report for the financial year ending on 31 December 2021 including receiving and
       the Financial Year ending 31 December 2021.            ratifying the 2021 Financial Year Financial Report which includes the Balance Sheet and
                                                              Profit and Loss calculation which has been audited by the Office Public Accountants
                                                              Kosasih, Nurdiyaman, Mulyadi, Tjahjo & Partners with their Report number 00017/2.1051/
                                                              AU.1/07/1671-1/1/I/2022 dated January 18, 2022 as well as providing full settlement
                                                              and release of responsibilities to members of the Board of Directors and The Board of
                                                              Commissioners for the management and supervision that has been carried out during
                                                              the 2021 financial year as long as these actions are reflected in the Financial Statements.

       Follow-Up/Realization                                  Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                              Akhyuzi S.H., Notary at Jakarta and have been implemented.

  2    The Determination For The Distribution Of the          •   To determine the Company’s entire net profit for the financial year 2021 amounting
       Company’s Net Profit For The Financial Year Ended          to Rp4.008.051.552.365,- to be used as follows:
       On December 31st, 2021                                     a. An amount of Rp 51.552.365,- would be set aside as a reserve fund to comply
                                                                      with the provisions of Article 70 of the Limited Liability Company Law;
                                                                  b. An amount of Rp2.800.000.000.000,- would be distributed to the shareholders
                                                                      as cash dividends;
                                                                  c. The remaining amount of Rp1.208.000.000.000,- would be recorded as
                                                                      retained earnings.
                                                              •   To approve the distribution of cash dividends, provided that:
                                                                  d. Procedures and schedule for the distribution of cash dividends would be
                                                                      defined later.
                                                                  e. Payment of cash dividends would be subject to tax withholding in accordance
                                                                      with the applicable tax regulations.
                                                              •   To approve the granting of power and authority to the Board of Director to regulate
                                                                  the procedures and schedule of payment of such cash dividends and to announce
                                                                  the same in accordance with the laws and regulations in force.

       Follow-Up/Realization                                  Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                              Akhyuzi S.H., Notary at Jakarta and have been implemented.

  3    Board of Director’s Report on the Company’s Business   For the agenda of the Third Meeting, no Meeting decision is made because it was only
       Plan Year 2022 and Sustainable Finance Action          to be communicated to shareholders regarding the Company's Sustainable Finance
       Plan Report.                                           Action Plan for 2022.

       Follow-Up/Realization                                  Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                              Akhyuzi S.H., Notary at Jakarta and have been implemented.

  4                                                           To give authority and power to the Board of Commissioners and with regard to the
                                                              recommendations of the Audit Committee, to appoint a Public Accountant Firm registered
                                                              with the Financial Services Authority, to conduct an audit of the Company's finances for
                                                              the financial year 2022, to obtain an auditor with the best quality and price.

       Follow-Up/Realization                                  Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                              Akhyuzi S.H., Notary at Jakarta and have been implemented.

  5                                                           •   To approve the reappointment of members of the Company's Board of Commissioners
                                                                  with the following composition:


                                                                  President Commissioner                :       Chairul Tanjung
                                                                  Vice President Commissioner           :       Yungky Setiawan
                                                                  Independent Commissioner              :       Achjadi Ranuwisastra
                                                                  Independent Commissioner              :       Lambock V. Nahattands

                                                                  The reappointment is effective as of the closing of this Meeting until the Annual
                                                                  General Meeting of Shareholders to be held in 2027 (two thousand and twenty
                                                                  seven), without prejudice to the right of the General Meeting of Shareholders to
                                                                  dismiss him at any time.

                                                              •   To approve the granting of power and authority to the Board of Directors of the
                                                                  Company to declare the resolutions of this Meeting in a notarial deed and to
                                                                  report changes in the composition of the members of the Company's Board of
                                                                  Commissioners to the competent authority.

       Follow-Up/Realization                                  Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                              Akhyuzi S.H., Notary at Jakarta and have been implemented.




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                                              Corporate Governance




No                        Agenda                                                                  Decision

 6    Determination of honorarium and other allowances      To determine a budget for net honorarium of all members of the Board of Commissioners
      for the Board of Commissioners and the Board of       amounting to Rp1.330.000.000,- per month with taxes being borne by the Company,
      Directors for Year 2022.                              and to empower and authorize the Company’s Board of Commissioners to determine the
                                                            distribution thereof and other benefits for each member of the Board of Commissioners,
                                                            to be applicable until resolved otherwise at the following Annual General Meeting
                                                            of Shareholders.
                                                            To approve the granting authority and power to the Board of Commissioners for and
                                                            on behalf of the Meeting to determine the salary and other benefits for each member
                                                            of the Company's Board of Directors.

      Follow-Up/Realization                                 Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                            Akhyuzi S.H., Notary at Jakarta and have been implemented.

 7    Approval of capitalization of retained earnings and   To approve the retained earnings as of December 31st, 2021, amounting to
      capitalization of Additional Paid-in Capital (Agio    Rp10.473.225.801.996,- set to be capitalized at Rp6.687.313.326.500,- by issuing Bonus
      Shares) as of December 31st, 2021 which will be       Shares of 689.413.745 shares with a nominal value of Rp 500,- per share with an issuance
      distributed as Bonus Shares to the Shareholders of    price of Rp9.700,- which will be distributed to Shareholders who are registered in the
      the Company.                                          Company's Shareholders Register and/or sub securities account at KSEI at the close of
                                                            trading on the Indonesia Stock Exchange on March 11th, 2022, where each holder of
                                                            1.000 shares of the Company will own earned 99 Bonus Shares derived from Capitalization
                                                            of Retained Earnings.
                                                            To approve the additional paid-in capital (share premium) as of December 31st,
                                                            2021, amounting to Rp2.045.188.787.850,- set to be capitalized in the amount of Rp
                                                            2.043.868.022.500,- with a nominal value of Rp 500,- (five hundred Rupiah) per share
                                                            with the issuance price of Bonus Shares equal to nominal value of shares, which is Rp
                                                            500,- per share, with a total of 4.087.736.045 shares to be distributed to Shareholders
                                                            who registered in the Register of Shareholders of the Company and/or Sub Securities
                                                            Accounts at KSEI at the close of trading on the Indonesia Stock Exchange on March 11th,
                                                            2022 where each holder of 1.000 (one thousand) shares of the Company will receive 587
                                                            Bonus Shares derived from the capitalization of Agio Shares.
                                                            To approve to grant of authority to the Company's Board of Directors to determine the
                                                            schedule and procedure for the distribution of Bonus Shares by taking into account the
                                                            applicable laws and regulations, including but not limited to completing tax obligations
                                                            from Shareholders on the receipt of Bonus Shares received by Shareholders from Cash
                                                            Dividends to be received by Shareholders Shares for the financial year 2021 which have
                                                            been decided on the agenda of the Second Meeting.

      Follow-Up/Realization                                 Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                            Akhyuzi S.H., Notary at Jakarta and have been implemented.

 8    Amendments of the Company’s Article of Association.   To approve the amendments of Article 3 of the Company's Articles of Association in
                                                            order to conform to the Standard Classification of Business Fields in 2020 and with due
                                                            regard to the business activities of Commercial Banks in accordance with the Banking
                                                            Law and related implementing regulations.
                                                            To approve the amendments of Article 4 paragraph 2 of the Company's Articles of
                                                            Association in relation to the increase in the issued and paid-up capital of the Company
                                                            from the distribution of Bonus Shares derived from the capitalization of the Retained
                                                            Earnings and the capitalization of the Additional Paid-in Capital (Agio Shares).
                                                            To approve the granting of power and authority to the Board of Directors of the Company
                                                            to make changes to the provisions of Article 3 and Article 4 paragraph 2 of the Articles
                                                            of Association in accordance with the resolutions of the Meeting, stating the resolutions
                                                            of this meeting in a notarial deed including to rearrange all provisions of the articles of
                                                            association in a notarial deed if necessary and to administer the approval and reporting
                                                            of the amendments to the articles of association to the Minister of Law and Human Rights
                                                            of the Republic of Indonesia and to take any necessary actions for the implementation
                                                            of changes to the provisions of the articles of association of the Company.

      Follow-Up/Realization                                 Have been documented in Deed No. 9 dated February 25, 2022 made before Dharma
                                                            Akhyuzi S.H., Notary at Jakarta and have been implemented.




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Board of Commissioners

Pursuant to POJK No. 33/POJK.04/2014 on the Board                                 Duty and Responsibility of Board of Commissioners’
of Directors and the Board of Commissioners of Issuers                            Based on the Board of Commissioners Manual, the duties
or Public Companies, the Board of Commissioners is the                            and responsibilities of the Board of Commissioners are
body of the Issuer or Public Company that, in accordance                          as follows:
with the Articles of Association, is responsible for general                      1. To direct, monitor and evaluate the Bank’s strategic
and/or specific supervision and for advising the Board of                             policies so that they are consistent with the Bank’s
Directors. The board of commissioners is responsible for                              objectives, taking into account the rules and regulations
the supervision and monitoring of the management policy,                              applicable to the banking industry.
the course of management in general, both with regard to                          2. To ensure that the Board of Directors has
the issuer or public company and the business of the issuer                           implemented the principle of prudence in the Bank’s
or public company, and advises the board of directors.                                business activities.
                                                                                  3. Ensure the implementation of the principles of good
The Board of Commissioners’ Board Manual                                              governance in each of the Bank’s business activities
As one of the implementations of the GCG, Bank Mega                                   at all levels of the organization.
has a Board Manual as one of the tools to implement the                           4. Ensure that the implementation of risk management is
GCG in the form of rules or working guidelines for the                                appropriate in accordance with the Risk Management
Board of Commissioners. The Board Manual is based on                                  Policy and Strategy.
the Bank’s Articles of Association, Banking Regulations                           5. Ensuring that the Board follows up on audit findings
and other related regulations. The Charter of the Board                               and recommendations from the Internal Audit
of Commissioners is a work guideline and code of ethics                               Department, external auditors, results of supervision
applicable to all members of the Board of Commissioners                               by the Financial Services Authority, Bank Indonesia
and all committees under the Board of Commissioners                                   and/or results of supervision by other authorities.
in the performance of their duties and responsibilities.                          6. Evaluate the implementation of the Bank’s compliance
The Board of Commissioners Charter addresses the                                      function at least 2 (two) times a year by providing
following matters:                                                                    suggestions for the improvement of the quality of the
                                                                                      implementation of the Bank’s compliance function to
                                                                                      the President Director with a copy to the Director in
  Requirements for the                   Duties, Responsibilities
  Board of Commissioners                 and Authorities
                                                                                      charge of the compliance function.
                                                                                  7. Promote a culture of compliance and anti-fraud at all
  Requirements for                       Attendance and                               levels of the organization.
  Independent Commissioners              Working Hours
                                                                                  Independence of the Board of Commissioners
  Appointment of the
  Board of Commissioners
                                         Meeting Procedures                       In accordance with the Manual of the Board of
                                                                                  Commissioners, the majority of the members of the
  Resignation of the                                                              Board of Commissioners are prohibited from having family
                                         Performance
  Board of Commissioners
                                         Assessment                               relationships up to the second degree with other members
                                                                                  of the Board of Directors and/or members of the Board of
  Composition of the                     Supporting                               Commissioners. Former members of the Board of Directors
  Board of Commissioners                 Committee
                                                                                  or Executive Officers of the Bank, or parties who have a
                                                                                  relationship with the Bank that may influence the person’s
  Concurrent position                    Reporting
                                                                                  ability to act independently, must serve a cooling-off period
                                                                                  of at least one (1) year before becoming an Independent
  Transparency, Independence and Professional ethics                              Commissioner of the Bank. This provision is not applicable
                                                                                  to former members of the Board of Directors who are in
Currently, the Board Manual is being updated to comply with POJK No. 17 of 2023   charge of supervisory functions or to executive officers
on the Implementation of Governance for Commercial Banks.
                                                                                  who are in charge of supervisory functions at the Bank.




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                                                     Corporate Governance




The Board of Commissioners shall make a declaration of                           Meetings of the Board of Commissioners
independence which shall be valid in accordance with the                         The policy of the Bank’s Board of Commissioners meeting,
period of time or term of office as set forth in the GMS.                        as regulated in the Board of Commissioners Manual,
In addition, the Board of Commissioners also makes a                             refers to the holding of regular Board of Commissioners
Declaration Letter of Not Using the Bank for Personal                            meetings at least 1 (one) time in 2 (two) months or more
Benefit, which is valid in accordance with the period or                         if deemed necessary by the Board of Commissioners in
term of office as determined in the GMS.                                         accordance with POJK No. 17/2023 on the Implementation
                                                                                 of Commercial Bank Governance.

In addition to the agenda of the meeting, the level of participation of each member of the Board of Commissioners in
the internal meeting of the Board of Commissioners and in the Annual GMS 2023 shall be as follows:


                                                                                                                                           2023
                                                                                     Internal Meetings
                                                                                                                                           AGMS
          Name                          Position
                                                                                            Total                Attendance
                                                                Total Meetings                                                           Attendance
                                                                                         Attendance                 Level

 Chairul Tanjung               President Commissioner                       9                  100%                      9                  Absent

 Yungky Setiawan               Commissioner                                 9                  100%                      9                  Present

 Achjadi Ranuwisastra          Independent Commissioner                     9                  100%                      9                  Present

 Lambock V. Nahattands         Independent Commissioner                     9                  100%                      9                  Absent

 Hizbullah*                    Independent Commissioner                     7                  100%                      7                     -

*Just appointed as Independent Commissioner for AGMS on February 24, 2023




 No       Document Number                   Date                                            Meeting Agenda

   1       No. NT. 001/DEKOM/23            25-Jan-23      •   Bank Mega performance in 2022
                                                          •   Bank Mega Work Plan & Policy Direction for 2023
                                                          •   Preparation for FY 2022 Bank Mega AGMS
                                                          •   Board of Commissioners Self-Assessment for 2022

   2       No. NT. 002/DEKOM/23            17-Feb-23      •   Preparation for Bank Mega’s 2022 AGMS
                                                          •   Implementation of the integrated governance of Mega Corpora business group.

   3       No. NT. 003/DEKOM/23            06-Mar-23      •   Determination of honorarium & allowances for members of the Board of Commissioners
                                                          •   Determination of the duties of the Directors
                                                          •   Determination of Salaries and Benefits for Directors

   4       No. NT. 004/DEKOM/23            07-Mar-23      •   Updated on Credit Decision Authority Limit (BWMK) Policy
                                                          •   Updated write-off and/or charge-off authority policy
                                                          •   Updated policy on authority limits for purchase of goods and/or expenses

   5       No. NT. 005/DEKOM/23            22-May-23      •   Evaluation of Bank Mega Branch Performance as of March 31, 2023
                                                          •   Evaluation of Bank Mega’s Performance as of April 30, 2023
                                                          •   Discussion & Direction of the Board of Commissioners on Bank Mega’s Performance
                                                              Achievements

   6       No. NT. 006/DEKOM/23            17-Jul-23      •   Performance Evaluation of the Bank Mega as of June 30, 2023
                                                          •   Discussion & Direction of the Board of Commissioners on Bank Mega’s Performance
                                                              Achievement
                                                          •   Addition of Trading Limit & Stop Loss Trading Limit - FX Option

   7       No. NT. 007/DEKOM/23            24-Aug-23      •   Change of the Chairman of the Audit Committee
                                                          •   Implementation of the Integrated Governance of the Mega Corpora Business Group

   8       No. NT. 008/DEKOM/23            20-Sep-23      •   Performance Evaluation of Bank Mega as of August 31, 2023
                                                          •   Discussion & Direction of the Board of Commissioners regarding the Bank’s Performance
                                                              Achievement
                                                          •   Appointment of an Audit Firm (KAP) for the fiscal year 2023

   9       No. NT. 009/DEKOM/23            13-Nov-23      •   Renewal of the Audit Committee Charter
                                                          •   Renewal of the Risk Oversight Committee Charter
                                                          •   Update of the Remuneration and Nomination Committee Charter and Rules of Procedure
                                                          •   Update of the Nomination Policy for the Board of Commissioners and the Board of Directors




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                                                                                     PT BANK MEGA Tbk             2023 Annual Report




Training and/or competency enhancement of the members of the Board of Commissioners
The Bank is committed to improving the competence of the Board of Commissioners by means of continuous training
and professional development. The training attended by the Board of Commissioners during the year 2023 can be
seen in the Corporate Profile chapter, in particular in relation to the Profile of the Board of Commissioners in this Bank’s
Annual Report.

Performance of the duties of the Board of Commissioners
As stipulated in the Board of Commissioners’ Manual, the Board of Commissioners prepares a supervision report for 1
(one) year, a business plan supervision report per semester, a report on the main points of internal audit results, a report
on violations of laws and regulations in the financial and banking sector, and the situation or assessment of conditions
that may endanger the continuity of the Bank’s business, as well as other reports presented in the Annual Report on the
Implementation of the Bank’s Governance. The recommendations made by the Board of Commissioners are set out below:


 No      Document Number              Date                                                  About

   1    No. MD. 001/KOMISARIS/23     18-Jan-23    Evaluation of the Performance of the Audit Committee Semester II 2022

   2    No. MD. 002/KOMISARIS/23     18-Jan-23    Evaluation of the Performance of the Risk Monitoring Committee Semester II 2022

   3    No. MD. 003/KOMISARIS/23     18-Jan-23    Evaluation of the performance of the Remuneration and Nomination Committee for Semester
                                                  II 2022

   4    No. MD. 004/KOMISARIS/23     24-Jan-23    Evaluation of the implementation of the Board of Directors' follow-up of internal and external
                                                  audit findings for Semester II 2022

   5    No. MD. 005/KOMISARIS/23     01-Feb-23    Evaluation of the implementation of compliance functions for Semester II 2022

   6    No. MD. 006/KOMISARIS/23     03-Feb-23    Evaluation of the risk profile for Quarter IV / 2022

   7    No. MD. 007/KOMISARIS/23     10-Feb-23    Evaluation of the implementation of risk management in 2022

   8    No. MD. 008/KOMISARIS/23     20-Feb-23    Implementation of Integrated Governance of the Mega Corpora Business Group

   9    No. MD. 009/KOMISARIS/23    02-May-23     Follow-up of internal audit results for quarter I/2023

  10    No. MD. 010/KOMISARIS/23    02-May-23     Evaluation of the risk profile for Quarter I / 2023

  11    No. MD. 011/KOMISARIS/23     07-Jul-23    Evaluation of the performance of the Audit Committee for Semester I 2023

  12    No. MD. 012/KOMISARIS/23     07-Jul-23    Evaluation of the performance of the Risk Monitoring Committee Semester I 2023

  13    No. MD. 013/KOMISARIS/23     07-Jul-23    Evaluation of the performance of the Remuneration and Nomination Committee for Semester I 2023

  14    No. MD. 014/KOMISARIS/23     20-Jul-23    Evaluation of the implementation of the Board's follow-up of internal and external audit
                                                  findings for Semester I 2023

  15    No. MD. 015/KOMISARIS/23     21-Jul-23    Evaluation of the risk profile Quarter II / 2023

  16    No. MD. 016/KOMISARIS/23    09-Aug-23     Evaluation of the Implementation of the Compliance Function in the First Half of 2023

  17    No. MD. 017/KOMISARIS/23    24-Aug-23     Change of the Chairman of the Audit Committee

  18    No. MD. 018/KOMISARIS/23    24-Aug-23     Implementation of the Integrated Governance of the Mega Corpora Business Group

  19    No. MD. 019/KOMISARIS/23     20-Sep-23    Appointment of an Audit Firm (KAP) for the Fiscal Year 2023

  20    No. MD. 020/KOMISARIS/23    03-Nov-23     Risk Profile Assessment for Quarter III / 2023

  21    No. MD. 021/KOMISARIS/23    03-Nov-23     Follow-up on the Results of the Internal Audit for Quarter III / 2023




Assessment of the Performance of the Committees under                  evaluates the performance of the Audit Committee by
the Board of Commissioners                                             ensuring that the Audit Committee has held discussions
In accordance with the Bank’s Articles of Association, the             and made proposals on various important activities of
Board of Commissioners is required to form a committee                 the Bank. The Audit Committee reports that it held 14
to carry out its duties and responsibilities. In addition,             meetings during the year.
the Board of Commissioners periodically assesses and




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                                          Corporate Governance




The Risk Monitoring Committee has also performed well            recommendations to the Board of Directors. Cumulatively,
by discussing and making suggestions on various risk             the Nomination and Remuneration Committee held
management activities of the Bank. The Risk Monitoring           5 meetings in 2023.
Committee reports that it held 7 meetings in 2023.
                                                                 The Board of Commissioners has established criteria for
Meanwhile, the Nomination and Remuneration Committee             the evaluation of the performance of the committees
has also performed its duties well. These include assisting      reporting to the Board of Commissioners, which consist of:
the Board of Directors in performing its supervisory and         1 Professionalism and Independence
coaching functions for the Board of Directors and its staff      2. Perform supervisory and coaching functions
with respect to the implementation of the remuneration           3. Identify matters requiring the attention of the Board
and nomination policies by providing opinions and                of Commissioners.

       Independent Commissioners

Independent Commissioner, as regulated by POJK No. 17               company in the following period;
of 2023, is a member of the Board of Commissioners who           2. Does not own, directly or indirectly, any shares in the
has no financial, management, shareholding and/or family            issuer or the public company;
relationship with members of the Board of Directors, other       3. Has no affiliation with the issuer or the public company,
members of the Board of Commissioners and/or controlling            members of the Board of Commissioners, members
shareholders, including the last controlling shareholder, or        of the Board of Directors or major shareholders of the
relationship with the Bank which may affect the person’s            issuer or the public company; and
ability to act independently. In accordance with POJK            4. Has no direct or indirect business relationship with the
regulations, Bank Mega’s Independent Commissioners                  business of the issuer or the public company.
constitute 60% of the board of commissioners (more than
the minimum requirement of 50%).
                                                                 Independence of the Independent Commissioners
The existence of independent members is intended to              The profiles of the Bank’s Independent Commissioners,
promote the creation of a more objective working climate         Achjadi Ranuwisastra, Lambock V. Nahattands and
and environment and to ensure fairness and equality              Hizbullah, can be found in the Company Profile section.
between various interests, including the interests of            As Independent Commissioners, the three Independent
minority shareholders and stakeholders.                          Commissioners have no affiliation with members of
                                                                 the Board of Directors, other members of the Board of
                                                                 Commissioners or shareholders. They are required to
Independence Requirements for Independent                        carry out their duties and responsibilities independently,
Commissioners                                                    professionally and without interference from other parties.
Specifically, Independent Commissioners have the
following independence requirements as set forth in POJK
No. 33 /POJK.04/2014:
1. Not a person who works or has the authority and
     responsibility to plan, direct, control or supervise the
     activities of the issuer or public company within the
     past 6 (six) months, except for reappointment as an
     independent commissioner of the issuer or public




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                                                                                       PT BANK MEGA Tbk               2023 Annual Report




Board Of Directors

The Board of Directors is the organ of the Bank with the                regulated in the Board of Directors’ Manual published in
authority and full responsibility to manage the Bank in                 March 2020:
the Bank’s interests and in accordance with the Bank’s
                                                                            Requirements for the                     Transparency, Independence
objectives. The Board of Directors represents the Bank                      members of the Board of
                                                                                                                     and Professional Ethics
                                                                            Directors
in and out of court in accordance with the provisions
of the Articles of Association of banks that are limited                    Appointment of the                       Duties, Responsibilities
                                                                            Members of the Board
liability companies. In addition, the Board of Directors                    of Directors                             and Authority
shall conduct and be responsible for the management
                                                                            Resignation of a                         Attendance and working
of the issuer or public company for the issuer’s or public                  member of the board of
                                                                                                                     hours
                                                                            directors
company’s interests in accordance with the issuer’s or
public company’s goals and objectives set forth in the                      Temporary Dismissal of a
                                                                            Member of the Board of                   Meeting procedures
Articles of Association.                                                    Directors


Board Manual of the Board of Directors                                      Appointment, dismissal                   Performance Evaluation
As one of the implementations of the GCG, Bank Mega                         and resignation of the
                                                                            Director responsible for
has a Board of Directors Manual as one of the tools for                     Compliance
implementing the GCG in the form of rules or working                                                                 Support Committee

guidelines for the Board of Directors, which are guided by
                                                                            Composition and
the Bank’s Articles of Association and Banking Regulations                  distribution of duties of
                                                                            the Board of Directors                   Reporting
and other related regulations. The Board of Directors’
Manual is a working guideline and code of ethics applicable
                                                                            Concurrent position on
to all members of the Board of Directors and all supporting                 the Board of Directors
bodies of the Board of Directors in the performance of
                                                                         Currently, the Board Manual is being updated to comply with POJK No. 17 of 2023
their duties and responsibilities. The following matters are             on the Implementation of Governance for Commercial Banks.


Duties and Responsibilities of Each Member of the Board of Directors
The duties and responsibilities of each director are described below in accordance with the Board Manual:


       Name              Position                                         Duties and Responsibilities

 Kostaman Thayib     President director   •   Comply with the duties and authority of the Board of Directors by those stated in the Articles
                                              of Association.
                                          •   Coordinate and supervise all Directors in carrying out their duties in the interests of the Company
                                              so that the Company’s aims and objectives are achieved.
                                          •   Determine the Company’s future business plans and strategies.
                                          •   Carrying out supervisory functions and risk management/risk control has been appropriately
                                              implemented strictly by the rules/principles of good corporate governance in every activity of the
                                              bank business at all levels of the organization.
                                          •   Ensure that the implementation and duties of the Board of Directors are by the regulations (Services
                                              Authority Finance and other relevant authorities)
                                          •   Supervise and evaluate criminal or fraud cases.
                                          •   Ensure management steps in handling or dealing with cases or Legal problems have been minimized,
                                              and legal risks have been minimized.
                                          •   Ensure the provision of financial reports in a timely and accurate manner for internal and external
                                              parties and ensure that financial information complies with applicable regulations.
                                          •   Participate in building good relations with regulators (OJK, BEI, BI, KSEI), media, professional
                                              institutions (PERBANAS, IBI), and other stakeholders and monitor the fulfillment of the
                                              Company’s obligations as a public company, which refers to stock exchange, banking, and capital
                                              market regulations.
                                          •   Develop a communication strategy that includes external and internal elements to create a
                                              sustainable company and manage the Company’s reputation in harmony with company policy.
                                          •   Ensure that supervision and inspections are carried out at all Bank Mega offices properly to
                                              increase efficiency and minimize the emergence of deviations; both contain both financial and
                                              non-financial risks
                                          •   Responsible for providing accurate and timely financial information to internal and external parties.
                                          •   Responsible for the Bank’s overhead costs related to efforts to implement cost efficiency and
                                              conformity to established policies and procedures.
                                          •   Ensure that the Company’s business targets are achieved.




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                                         Corporate Governance




       Name             Position                                         Duties and Responsibilities

Lay Diza Larentie   Vice President       •   Coordinate and supervise all Consumer Banking functions in carrying out their duties for the benefit
                    Director (Consumer       of the company so that the company’s aims and objectives are achieved.
                    Banking & Credit)    •   Coordinate and supervise the Credit Director in carrying out his duties for the benefit of the
                                             company to achieve the company’s aims and objectives.
                                         •   Ensure target achievement and implementation of funding and lending programs at the Directorate
                                             Credit runs in harmony.
                                         •   Achieve financial targets for Consumer Banking and Credit.
                                         •   Increase market share.
                                         •   Increasing product development and sales growth of Funding and Wealth products management
                                             & Credit Card.
                                         •   Improve the Company’s Brand Image.
                                         •   Increase Customer Loyalty by developing products and programs effectively.
                                         •   Monitor the creation of the Customer Segment program in acquiring new customers and maintaining
                                             existing customers
                                         •   Planning in developing and determining business strategies for Credit Cards, Funding, Wealth
                                             Management, & Loans nationally to increase target achievement.
                                         •   Monitor and coordinate the work program planning of all Funding marketing activities, Credit
                                             Cards, & Loans nationally in determining target achievement strategies.

Indivara Erni       Vice President       •   Coordinate and supervise all Risk functions in carrying out their duties for the benefit of the
                    Director (Risk,          company so that the company’s aims and objectives are achieved.
                    Operations,          •   Coordinating the Director of Operations, Information Technology, and Compliance & Human
                    Information              Capital in carrying out their duties in the interests of the company and its aims and objectives
                    Technology,              achievement i s achieved.
                    Compliance &         •   Ensure all functions and processes, as well as program implementation in the Operations Directorate,
                    Human Capital)           Information Technology, and Compliance & Human Capital, work in harmony and achieve established
                                             work targets
                                         •   Supervise and be responsible for the development of policies, procedures, work processes, and
                                             application systems under the Risk function
                                         •   Supervise the provision of credit proposal analysis concerning applicable provisions/regulations
                                         •   Responsible for providing information & risk analysis results in the form of strategic preferences
                                             business (Bank portfolio management)
                                         •   Supervise the necessary steps either directly or indirectly
                                         •   risk mitigation framework
                                         •   Coordinate the management of Credit Collection and Remedial and Asset Recovery, including AYDA
                                         •   Coordinate the management of the collateral assessment process by applicable operating standards
                                             to produce optimal work productivity
                                         •   Ensure that the collection target is achieved, the recovery process that has been determined runs
                                             according to with procedures
                                         •   Minimize the risk of loss and impact complaints arising from billing

Madi D. Lazuardi    Credit Director      •   Coordinate and supervise all Work Units in the Credit Directorate in carrying out their duties for
                                             the company’s benefit to achieve its aims and objectives.
                                         •   Determine business strategies and targets in the Credit Directorate.
                                         •   Monitor and supervise action plans to achieve business targets in the credit and sector profits
                                             determined at Regional and Branch Offices.
                                         •   Ensure that the duties and implementation of the Credit Directorate are by Bank Regulations
                                             Indonesia, Financial Services Authority, and other relevant authorities).
                                         •   Responsible for achieving targets including portfolio, profitability, and collectibility throughout
                                             the credit sector nationally by the company’s strategy.
                                         •   Coordinate the development and supervision of human resources in the Credit Directorate to
                                             improve the quality and capability of employees. Both through training and coaching, all work
                                             targets were achieved.
                                         •   Collaborate with other Directorates to conduct reviews and improve dimensions of people,
                                             processes, products, and portfolios.




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       Name                  Position                                          Duties and Responsibilities

 Martin Mulwanto         Treasury and          •   Coordinate and supervise all Work Units in the Treasury & International Banking Directorate (TIB)
                         International             in carrying out its duties in the interests of the company in achieving its goals and objectives
                         Banking Director          company goals.
                                               •   Determine business strategies and targets at the Treasury & International Banking (TIB) Directorate.
                                               •   Supervise and ensure the fulfillment of the Minimum Statutory Reserve as determined by BI.
                                               •   Supervise and manage the implementation of Treasury transactions while still paying attention to
                                                   the signs of Market Risk and Liquidity Risk faced by the Bank.
                                               •   Supervise and ensure interbank facilities comply with internal and external standard procedures
                                                   or regulations.
                                               •   Building good relationships with correspondent banks to support the smooth running of operational
                                                   international banking transactions with the principle of mutual benefit (reciprocal business).
                                               •   Supervise and evaluate all activities related to Capital activities Market Services (including Trustee
                                                   and Custodian).
                                               •   Perform supervisory functions on the activities of Treasury & Financial Institutions, Capital Markets,
                                                   and TIB Business Support by applicable regulations.
                                               •   Ensure that the business plan achieves company targets.

 Yuni Lastianto          Compliance and        •   Perform duties in the interest of the Company to achieve the Company’s goals and objectives.
                         Human Capital         •   Determine the work strategies and objectives of the Compliance & Human Capital Directorate.
                         Director              •   Ensure that all of the Bank’s business activities comply with regulatory requirements, laws, and
                                                   sound corporate governance principles at all levels of the organization.
                                               •   Ensure that the implementation of the “Know Your Customer” and “Get to Know Your Employees”
                                                   principles at Bank Mega comply with regulations.
                                               •   Monitor and evaluate criminal or fraud cases.
                                               •   Ensure that the Compliance & Human Capital Directorate’s corporate objectives are achieved
                                                   per the business plan.
                                               •   Oversee and evaluate all HR-related activities.
                                               •   Supervise and evaluate all activities related to Public Affairs.

 C. Guntur Triyudianto   Operations Director   •   Determine and implement the Operations Directorate strategy by policy company to support the
                                                   targets set by the company.
                                               •   Coordinate and ensure that all operations functions can run according to regulations and applicable
                                                   internal and external procedures.
                                               •   Ensure operational processes related to branches, credit processes, treasury, systems payments,
                                                   and other support can run well.
                                               •   Ensure and evaluate work processes to have adequate controls to mitigate operational risk.
                                               •   Ensure that the costs incurred are practical and efficient by existing policies.
                                               •   Ensure that the processes carried out by work units comply with established service standards.
                                               •   Coordinating with other directorates in terms of problem-solving and other interests.
                                               •   Consistently develop the work processes carried out in each unit operations work.
                                               •   Responsible for developing human resources to suit the required competencies As well as ensuring
                                                   a career path that suits the organization’s needs.

 YB Hariantono           Information           •   Coordinate and supervise all Work Units in the Information Technology Directorate in carrying out
                         Technology Director       their duties in the company’s interests so that the aims and objectives are achieved.
                                               •   Determine strategies and targets in the Information Technology Directorate.
                                               •   Establish Information Technology work guidelines that align with regulations, are efficient, and
                                                   contain elements of adequate control and risk mitigation.
                                               •   Develop and ensure that established policies can be implemented appropriately applicable provisions.
                                               •   Build a solid team by developing competent individuals in information technology.
                                               •   Building a system so that it can run by applicable policies.
                                               •   Coordinating with other directorates to ensure all bank systems can run according to the targets set.




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                                                     Corporate Governance




Independence of the Board of Directors                                       according to the period/term of office as defined in the GMS.
As set forth in the Manual of the Board of Directors, the                    Finally, the Board of Directors makes a declaration not to use
members of the Board of Directors are not allowed, either                    the Bank for personal gain, which is valid according to the
individually or collectively, from owning shares in excess                   period/term of office as determined in the GMS.
of 25% of the paid-up capital of any other company. The
majority of the Board members is prohibited from having                      Board of Directors Meeting
family relations up to the second degree with other Board                    The Board of Directors Manual of Bank Mega stipulates
members and/or members of the Board of Statutory Auditors.                   that Board of Directors meetings are held regularly at
                                                                             least 1 (one) time per month or more if deemed necessary
In addition, the members of the Board of Directors in charge                 by the President Director or other Board members. This
of the compliance function have complied the independence                    provision is in accordance with POJK No. 17/2023, which
requirements of the regulatory authorities. The Board of                     requires the holding of regular meetings of the board of
Directors makes a declaration of independence, which is valid                directors at least 1 (one) time each month.

In addition to the meeting agenda, the attendance of each member of the Board of Directors at the internal meetings
of the Board of Directors and the 2023 AGM are explained in the following table:


                                                                                  Internal Meetings                     2023 AGMS
             Name                                 Position              Total          Total         Attendance
                                                                                                                        Attendance
                                                                       Meetings     Attendance          Level

 Kostaman Thayib                     President Director                     47            44               94%              Present

 Indivara Erni                       Vice President Director                47            47               100%             Present

 Lay Diza Larentie                   Vice President Director                47            45               96%              Present

 Yuni Lastianto                      Director                               47            45               96%              Present

 Madi Lazuardi                       Director                               47            45               96%              Present

 Martin Mulwanto                     Director                               47            46               99%              Present

 C. Guntur Triyudianto               Director                               47            47               100%             Present

 YB Hariantono                       Director                               36            36               100%                -*

*Baru diangkat menjadi Direktur pada RUPST 2023




   No                        Document Number                                                        Date

     1                           NT.001/DIRBM/23                                                3 Januari 2023

     2                           NT.002/DIRBM/23                                                9 Januari 2023

     3                           NT.003/DIRBM/23                                                16 Januari 2023

     4                           NT.004/DIRBM/23                                                30 Januari 2023

     5                           NT.005/DIRBM/23                                                6 Februari 2023

     6                           NT.006/DIRBM/23                                                13 Februari 2023

     7                           NT.007/DIRBM/23                                                20 Februari 2023

     8                           NT.008/DIRBM/23                                                27 Februari 2023

     9                           NT.009/DIRBM/23                                                6 Maret 2023

    10                           NT.010/DIRBM/23                                                13 Maret 2023




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                                                                         PT BANK MEGA Tbk          2023 Annual Report




   No                  Document Number                                             Date

   11                      NT.011/DIRBM/23                                     20 Maret 2023

   12                      NT.012/DIRBM/23                                     27 Maret 2023

   13                      NT.013/DIRBM/23                                     3 April 2023

   14                      NT.014/DIRBM/23                                     10 April 2023

   15                      NT.015/DIRBM/23                                     17 April 2023

   16                      NT.016/DIRBM/23                                     8 Mei 2023

   17                      NT.017/DIRBM/23                                     15 Mei 2023

   18                      NT.018/DIRBM/23                                     22 Mei 2023

   19                      NT.019/DIRBM/23                                     29 Mei 2023

   20                      NT.020/DIRBM/23                                     5 Juni 2023

   21                      NT.021/DIRBM/23                                     12 Juni 2023

   22                      NT.022/DIRBM/23                                     19 Juni 2023

   23                      NT.023/DIRBM/23                                     26 Juni 2023

   24                      NT.024/DIRBM/23                                     3 Junli 2023

   26                      NT.025/DIRBM/23                                     10 Juli 2023

   27                      NT.026/DIRBM/23                                     17 Juli 2023

   28                      NT.027/DIRBM/23                                     24 Juli 2023

   29                      NT.028/DIRBM/23                                     31 Juli 2023

   30                      NT.029/DIRBM/23                                     7 Agustus 2023

   31                      NT.030/DIRBM/23                                     14 Agustus 2023

   32                      NT.031/DIRBM/23                                     21 Agustus 2023

   33                      NT.032/DIRBM/23                                     28 Agustus 2023

   34                      NT.033/DIRBM/23                                     4 September 2023

   35                      NT.034/DIRBM/23                                     11 September 2023

   36                      NT.035/DIRBM/23                                     18 September 2023

   37                      NT.036/DIRBM/23                                     25 September 2023

   38                      NT.037/DIRBM/23                                     2 Oktober 2023

   39                      NT.038/DIRBM/23                                     9 Oktober 2023

   40                      NT.039/DIRBM/23                                     23 Oktober 2023

   41                      NT.040/DIRBM/23                                     30 Oktober 2023

   42                      NT.041/DIRBM/23                                     6 November 2023

   43                      NT.042/DIRBM/23                                     13 November 2023

   44                      NT.043/DIRBM/23                                     20 November 2023

   45                      NT.044/DIRBM/23                                     27 November 2023

   46                      NT.045/DIRBM/23                                     4 Desember 2023

   47                      NT.046/DIRBM/23                                     11 Desember 2023




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                                          Corporate Governance




Training and/or Improving the Competence of Directors            9. Evaluate and monitor the Bank’s prudential policies and
The Bank is committed to improving the competence of                 compliance and the implementation of internal controls.
the Board of Directors through continuous education and          10. Transparency of financial and non-financial conditions
training. The training attended by the Directors during the          to stakeholders as required by banking regulations
year 2023 can be seen in the Corporate Profile chapter, in           and applicable laws.
particular in relation to the Directors’ Profile in the Bank’s   11. Organize an annual GMS as required by banking
Annual Report.                                                       regulations and laws and the Articles of Association,
                                                                     and be accountable for the performance of its duties
Implementation of the duties of the Board of Directors               to the Board of Commissioners and the shareholders
As stipulated in the Board of Directors’ Manual, the Board           through the GMS.
of Directors is obliged to provide the authorized parties
with financial reports and the Company’s business activities     Evaluation of the performance of the Board Committees
in accordance with banking regulations and applicable            As provided in the Board Manual, the Board may form
laws. The implementation of the duties of the Board of           committees to assist in the effective discharge of the
Directors during the year 2023 is as follows                     duties and responsibilities of the Board. In connection
1. Determine the Bank’s long, medium and annual goals            with the formation of this committee, the Board is
    and strategies as outlined in the Corporate Plan and         required to evaluate the performance of the committee
    the Bank’s Business Plan.                                    at the end of each fiscal year. As of December 31, 2007,
2. Establish strategic policies related to the management        there were 8 (eight) committees formed by the Board of
    of the Bank, in accordance with the authority granted,       Directors consisting of the Risk Management Committee,
    and periodically evaluate such policies.                     the Assets and Liabilities Committee (ALCO), the Credit
3. Develop compensation policies and communicate the             Policy Committee, the Information Technology Steering
    Bank’s strategic human resources policies to employees.      Committee, the Human Resources Committee, the Product
4. Implement the principles of good governance and               Committee, the Crisis Management Committee and the
    the application of risk management in all of the Bank’s      Credit Committee.
    business activities at all levels of the organization.
5. Develop a culture of risk awareness, compliance and           In general, the Board of Directors believes that the eight
    anti-fraud at all levels of the organization.                Board Committees are capable of fulfilling their duties and
6. Enhance the knowledge, skills and abilities of all            authorities until 2023. For a more detailed explanation of
    employees at all tiers and levels of the organization.       the implementation of the Board Committees, please refer
7. Evaluate the performance of the Committee at the              to the section “Board Committees”.
    end of each fiscal year.
8. Follow up on the results of internal audit, external
    audit and supervision by Bank Indonesia, the Financial
    Services Authority and the results of supervision by
    other authorities.




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                                                                                         PT BANK MEGA Tbk            2023 Annual Report




Transparency of Information Related to the
Board of Commissioners and Board of Directors
       Diversity of Composition of the Board of Commissioners and Board of Directors

Bank Mega is committed to ensuring that the composition
                                                                              Career and experience
of the Board of Commissioners and Directors is made                              The members of the Board of Commissioners are experienced
in such a way that the decision-making process can be                            in the financial and banking industry with various careers
                                                                                 including Chairman of the National Economic Committee
enriched by different perspectives and backgrounds, as                           and Coordinating Minister for the Economy, special staff in
well as by experience and expertise. The composition                             ministries, and have been key persons in various leading
                                                                                 banks in Indonesia.
of the Board of Commissioners and Directors shall be
arranged in accordance with the applicable regulations, in
particular POJK no. 33 /POJK.04/2014, which requires the
Board of Commissioners and Directors to have knowledge                      Diversity of the Board of Directors
and/or expertise in the fields required by issuers or public                In line with the Board of Commissioners, the Bank’s
companies. Furthermore, POJK No. 17 of 2023 stipulates                      Directors also consider diversity as regulated by POJK
that when replacing and/or appointing members of the                        No. 17 of 2023:
Board of Commissioners and Directors, professional
composition, independence, competence suitability and
diversity shall be prioritized. The diversity referred to                      Education history
includes the professional background, the experience,                             The members of the Board of Directors have a variety of
                                                                                  educational backgrounds ranging from bachelor’s to master’s
the educational background and the gender.                                        degrees, both domestic and foreign, in various fields such
                                                                                  as engineering, geology, economics, management, business
                                                                                  administration and law.
Diversity of the Board of Commissioners
In accordance with POJK No. 17 of 2023, the diversity
of the Board of Commissioners can be seen from 4                               Age
                                                                                  The members of the Board of Directors range in age from
(four) aspects, namely education history, age, career and                         55 to 62 years, reflecting a long and proven track record in
experience, and gender.                                                           the financial and banking industry.


   Education history
                                                                               Career and experience
      The members of the Board of Commissioners have different
      educational backgrounds ranging from bachelor’s to doctoral                 The members of the Board of Directors are experienced
      degrees from home and abroad with different majors such                     in the financial and banking industry with various career
      as dentistry, economics, management and law. In addition,                   backgrounds such as Bank Indonesia and have been key
      there are members of the Board of Commissioners who                         persons in the management of financial and banking
      have attended executive programs at the Harvard Executive                   institutions with reliable competencies.
      Program at Harvard Business School, Massachusetts - USA
      to enhance their professional competence.
                                                                               Gender
                                                                                  There are 8 members of the Board of Directors, 6 men and
   Age                                                                            2 women. Thus, the ratio of female members of the Board
      The members of the Board of Commissioners range in age                      of Directors to the total members of the Board of Directors
      from 62 to 79, reflecting a long track record in the financial              is 25%. In addition, the two female members of the Board
      and banking industry.                                                       of Directors were appointed as Deputy Main Directors of
                                                                                  Bank Mega.




       Concurrent Positions of the Board of Commissioners and Directors

The Bank’s Board of Commissioners and the Board of                          of the Board of Commissioners and Directors have been
Directors are committed to complying with the laws and                      explained in the profiles of each member of the Board
regulations, in particular those relating to the dual positions             of Commissioners and Directors in the Corporate Profile
of the Board of Commissioners and the Board of Directors.                   chapter of this Annual Report.
Explanations relating to the dual positions of each member




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                                               Corporate Governance




       Joint Meeting

Bank Mega develops the working relationship between                         Finally, as provided for in the Manual of the Board of
the Board of Commissioners and the Board of Directors                       Directors, joint meetings shall be held when deemed
as a check and balance relationship in relation to                          necessary by the Board of Commissioners or the Board
the implementation of their respective duties and                           of Directors. The Board, on the basis of the needs or at the
responsibilities in the management of the Bank, based                       request of the Board, will send notices of joint meetings
on the principles of openness and mutual respect. As set                    to the Board and, as appropriate, to resource people,
forth in the Board Manual, the relationship between the                     through the Corporate Secretary, including the meeting
Board of Commissioners and the Board of Directors may                       documents, at least 3(three) days prior to the meeting. This
be established through informal meetings or meetings                        joint meeting shall be held periodically by the Board of
between members of the Board of Commissioners and                           Directors at least once every 4 (four) months in accordance
members of the Board of Directors outside of formal                         with the Board Manual.
meeting forums. The purpose of these meetings is not to
make decisions, but rather to harmonize opinions through                    This provision is in accordance with Law No. 17 of 2023, which
informal expression of views.                                               requires the Board of Directors to hold regular meetings of
                                                                            the Board of Directors and the Committee at least once every
The Board of Commissioners and the Board of Directors                       four (4) months. A meeting of the Board of Directors with
may also establish formal communication or communication                    the Board of Commissioners is a meeting of the Board of
between the organs related to the fulfillment of formal                     Directors together with the Board of Commissioners, inter alia,
provisions as regulated in the Articles of Association in                   for the purpose of the Board of Directors seeking direction
the form of submission of reports and/or exchange of                        or guidance or reporting to the Board of Commissioners on
supporting data, information and analysis.                                  the management of the Bank.

The level of attendance of each member of the Commissioners and of the Directors at the joint meetings during the
year 2023, together with the agenda of the meeting, is as follows:


                                                                                                        Joint Meetings
                       Position                                     Name                   Total            Total        Attendance
                                                                                          Meetings       Attendance         Level

 President Commissioner                             Chairul Tanjung                            34              34              100%

 Vice President Commissioner                        Yungky Setiawan                            34              34              100%

 Independent Commissioner                           Achjadi Ranuwisastra                       34              30              88%

 Independent Commissioner                           Lambock V. Nahattands                      34              33              97%

 Independent Commissioner                           Hizbullah                                  14              13              93%

 President Director                                 Kostaman Thayib                            34              31              91%

 Vice President Director                            Lay Diza Larentie                          34              33              97%

 Vice President Director                            Indivara Erni                              34              34              100%

 Credit Director                                    Madi D. Lazuardi                           34              32              94%

 Treasury and International Banking Director        Martin Mulwanto                            34              34              100%

 Compliance and Human Capital Director              Yuni Lastianto                             34              32              94%

 Operations Director                                C. Guntur Triyudianto                      34              34              100%

 Information Technology Director                    YB Hariantono                              26              26              100%




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                                                                         PT BANK MEGA Tbk          2023 Annual Report




   No                  Document Number                                             Date

    1                  NT.001/DEKOM-DIRBM/23                                   January 9, 2023

    2                  NT.002/DEKOM-DIRBM/23                                   January 16, 2023

    3                  NT.003/DEKOM-DIRBM/23                                   February 6, 2023

    4                  NT.004/DEKOM-DIRBM/23                                   February 13, 2023

    5                  NT.005/DEKOM-DIRBM/23                                   February 27, 2023

    6                  NT.006/DEKOM-DIRBM/23                                   March 6, 2023

    7                  NT.007/DEKOM-DIRBM/23                                   March 13,2023

    8                  NT.008/DEKOM-DIRBM/23                                   March 20, 2023

    9                  NT.009/DEKOM-DIRBM/23                                   March 27, 2023

   10                  NT.010/DEKOM-DIRBM/23                                   April 3, 2023

   11                  NT.011/DEKOM-DIRBM/23                                   April 10, 2023

   12                  NT.012/DEKOM-DIRBM/23                                   May 8, 2023

   13                  NT.013/DEKOM-DIRBM/23                                   May 22, 2023

   14                  NT.014/DEKOM-DIRBM/23                                   May 29, 2023

   15                  NT.015/DEKOM-DIRBM/23                                   June 5, 2023

   16                  NT.016/DEKOM-DIRBM/23                                   June 12, 2023

   17                  NT.017/DEKOM-DIRBM/23                                   June 19, 2023

   18                  NT.018/DEKOM-DIRBM/23                                   July 3, 2023

   19                  NT.019/DEKOM-DIRBM/23                                   July 10, 2023

   20                  NT.020/DEKOM-DIRBM/23                                   July 24, 2023

   21                  NT.021/DEKOM-DIRBM/23                                   July 31, 2023

   22                  NT.022/DEKOM-DIRBM/23                                   August 7, 2023

   23                  NT.023/DEKOM-DIRBM/23                                   August 21, 2023

   24                  NT.024/DEKOM-DIRBM/23                                   August 28, 2023

   25                  NT.025/DEKOM-DIRBM/23                                   September 4, 2023

   26                  NT.026/DEKOM-DIRBM/23                                   September 25, 2023

   27                  NT.027/DEKOM-DIRBM/23                                   October 2, 2023

   28                  NT.028/DEKOM-DIRBM/23                                   October 9, 2023

   29                  NT.029/DEKOM-DIRBM/23                                   October 30, 2023

   30                  NT.030/DEKOM-DIRBM/23                                   November 6, 2023

   31                  NT.031/DEKOM-DIRBM/23                                   November 13, 2023

   32                  NT.032/DEKOM-DIRBM/23                                   November 27, 2023

   33                  NT.033/DEKOM-DIRBM/23                                   December 4, 2023

   34                  NT.034/DEKOM-DIRBM/23                                   December 11, 2023




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                                            Corporate Governance




       Performance Assessment of the Board of Commissioners and Board of Directors

Performance Assessment of the Board of Commissioners                of the performance of the Board of Directors in accordance
In accordance with the Board Manual, the Board of                   with the Decree of the Board of Commissioners. Based on the
Commissioners has a self-assessment policy for the assessment       Board of Commissioners Decree No. 014/DEKOM/XII/16 of
of the performance of the Board of Commissioners and                December 23, 2016 on the self-assessment of the Board of
Directors in accordance with the Decree of the Board of             Commissioners and the Directors, as well as the succession
Commissioners. Based on the Board of Commissioners’                 in the nomination process of the Directors, the performance
Decree No. 014/DEKOM/XII/16, dated December 23, 2016,               assessment of the Directors is carried out once every 1 (one)
on the self-assessment of the Board of Commissioners and            year. The same provisions are also regulated in the Board
Directors, as well as the succession in the nomination process      of Commissioners’ Decree No. No. 011/DEKOM/XI/23 of
of Directors; and/or the Board of Commissioners’ Decree No.         November 13, 2023 on the Working Guidelines and Rules of
005/DEKOM/III/20, dated March 18, 2020, on the working              Procedure for the Remuneration and Nomination Committee.
guidelines and rules and regulations for the Remuneration
and Nomination Committee, the Board of Commissioners’               The assessment of the Board of Directors is carried out in
performance assessment is carried out once every 1 (one) year.      accordance with established criteria, which include duties and
                                                                    responsibilities in accordance with the relevant regulations.
The assessment of the Board of Commissioners shall be carried       The self-assessment is followed by the implementation of
out in accordance with established criteria, including duties       succession planning in the Board nomination process. This is
and responsibilities in accordance with the relevant regulations.   part of the process of preparing for continued leadership by
                                                                    identifying potential candidates to serve on the Board. Finally,
Performance Assessment of the Board of Directors                    the selected potential candidates are nominated to the Board
The Board of Commissioners, under the guidance of the               of Commissioners as members of the Board of Directors.
Board of Directors Manual, has a policy for the assessment

       Remuneration of the Board of Commissioners and Board of Directors

The appointment of the members of the Board of Commissioners        3. The decision of the Board of Commissioners will take into
and the Board of Directors, as well as the determination of the        account the recommendations of the Remuneration and
amount of the remuneration of the members of the Board of              Nomination Committee, which will then be submitted to the
Commissioners and the Board of Directors, are subject to the           shareholders for discussion at the Annual General Meeting.
authority of the shareholders through the GMS mechanism.            4. The decision of the GMS regarding the composition of the
                                                                       Board of Commissioners and/or Directors shall be ratified
Appointment of the Board of Commissioners and Directors                and recorded in the Deed of Minutes or Minutes of the GMS,
Decree of the Board of Commissioners No. SK.012/DEKOM/                 which shall be reported to the OJK no later than 10 (ten)
XI/23 of November 25, 2023 on the nomination policy for                days after the date of the GMS. The decision of the GMS
the Board of Commissioners and members of the Board of                 shall then be reported to the Ministry of Law and Human
Directors regulates the nomination process for the Board of            Rights through a notary public not later than 30 (thirty) days
Commissioners and Directors.                                           after the date of the deed.
                                                                    5. Members of the Board of Commissioners and/or members
The nomination mechanism for members of the Board of                   of the Board of Directors who have received approval from
Commissioners and members of the Board of Directors shall              the GMS will participate in the Fit and Proper Test process
be as follows:                                                         organized by the OJK.
1. The Remuneration and Nomination Committee shall hold
    discussions as set forth in the minutes of the meetings         Implementation of Remuneration Governance
    of the Remuneration and Nomination Committee.                   The implementation of Bank Mega’s Remuneration Governance
    Such discussions shall include, but not be limited to,          Policy is stipulated by the Board of Directors’ Resolution SK.
    the reasons and/or considerations for the proposals             093/DIRBM/22 on the Remuneration Governance Policy
    and the qualifications, including the track record, of the      of PT Bank Mega, Tbk. This policy was implemented as of
    candidates for the Board of Commissioners and/or the            January 1, 2017 (in accordance with the provisions stipulated
    Board of Directors.                                             in POJK No. 45/POJK.03/2015 dated December 23, 2015
2. The Remuneration and Nomination Committee shall inform           and SE OJK No. 40/SEOJK.03/2016 dated September 26,
    the Board of Commissioners in writing about the candidates      2016 concerning the implementation of internal governance
    for the Board of Commissioners and/or the candidates for        providing remuneration for commercial banks). This provision
    the Board of Directors.                                         becomes effective for the calculation of remuneration for 2017,
                                                                    which will be paid in 2018.

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Remuneration of the Board of Commissioners and Directors
The Board of Commissioners and Directors receive the following remuneration and facilities packages:


                                                                                 Board of Commissioners                    Board of Directors
 No                     Jenis penghasilan/Fasilitas                             Number of            (RpMillion)     Number of               (RpMillion)
                                                                                Members                - gross       Members                   - gross

 1       Remunerations (Salary, bonus, regular allowance, tantiem, and                 5                38,144                8                 91,963
         other facilities in non nature)

 2       Other Facilities in nature (housing, health insurance, and others):           5                   131                8                       154
         • Can be owned
         • Cannot be owned

 Total                                                                                                  38,275                                  92,117



Meanwhile, the remuneration packages, grouped by income levels, received by directors and members of the Board
of Commissioners in 1 (one) year are as follows:


                                                                         Number of Board of                      Number of members of the
      Total remuneration per person in 1 year
                                                                          Directors member                        Board of Commissioners

 Above Rp2 billion                                                                     8                                           5

 Above Rp1 billion - Rp2 billion                                                       -                                            -

 Above Rp500 million - Rp1 billion                                                     -                                            -

 Rp500 million and below                                                               -                                            -



The number of members of the Board of Directors, the Board of Commissioners and the employees who received
variable compensation for 1 (one) year and the total nominal amount are as follows


                                                                                           Direksi                              Pegawai
                                     Board of Commissioners
            Variable                                                                                                           Employees
 No
          Remuneration             Number of               (RpMillion)         Number of       (RpMillion)          Number of               (RpMillion) -
                                   Members                   - gross           Members           - gross            Employee                   gross

         Total                             5                   3,702               7                  12,321            3,039                   36,276



Risk Taker Remuneration
The following table sets forth the composition and number                         The amount of MRT remuneration granted in 1 (one) year
of parties that hold the position of Material Risk Taker                          is as follows:
(MRT) as of December 31, 2023.

                                                                                                         Fixed Remuneration*
                                               Number of MRT                       Cash                                           193,472
                                                                                   Shares/Share-based                                   -
 Board of Commissioners                                    5
                                                                                   instruments issued by
                                                                                   the Bank
 Board of Directors                                        8
                                                                                                       Variable Remuneration*
 Group Head                                                7
                                                                                            Cash                 Not Deferred                Deferred
 Regional Head                                             8
                                                                                   Cash                              17,319                     3,357
 Selective Diviion Head*                               22                          Shares/Share-based                  -                          -
                                                                                   instruments issued by
                                                                                   the Bank
*Adjusted annually based on decisions made by Management




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                                                      Corporate Governance




The variable remuneration for the Material Risk Takers is paid in cash (100%) with a deferral period of 3 (three) years,
which is pro-rated according to the table below.


       Material Risk                   Pembayaran                  Pembayaran Tahun         Pembayaran Tahun         Pembayaran Tahun
          Taker                         Langsung                        Ke-1                     Ke-2                     Ke-3

 Board of Commissioners                         80%                          6.66%                  6.66%                          6.66%

 Board of Directors                             80%                          6.66%                  6.66%                          6.66%

 Group Head                                     85%                           5%                       5%                           5%

 Regional Head                                  85%                           5%                       5%                           5%

 Selective Diviion Head*                        85%                           5%                       5%                           5%


Bonus payments deferred for year 1 are paid the following year after direct payment, and so on until year 3.


                                                                                        Total Deductions During the Period
                                                        Remaining
 Types of Variable Remuneration                                                      Due to Explicit                Due to Implicit
                                                        Suspended
                                                                                     Adjustment (A)                 Adjustment (B)

 Cash (RpMillion)                                           11,688                          -                                  -

 Shares/share-based instruments issued by the                  -                            -                                  -
 Bank (in shares and millions of rupiah nominal
 value convertible into shares)



Other Quantitative Information
Other quantitative information relating to the ratio of the highest to the lowest salaries in the Bank and to the number
of employees affected by layoffs and to the total nominal amount of severance payments to be paid by Mega in 2023
is as follows:


                                                Description                                                          Ratio

 Ratio of highest to lowest employee salaries                                                                        45.98:1

 Ratio of highest to lowest director salaries                                                                          3:1

 Ratio of highest to lowest Commissioner salaries                                                                     4.23:1

 Ratio of highest director and highest employee salaries                                                              3.75:1




                    Nominal Severance Payments Per Person in 1 Year                                            Total Employee

 Above Rp1 billion                                                                                                       -

 Above Rp500 million to Rp1 billion                                                                                     1

 Rp500 million and below                                                                                                82




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                                                                          PT BANK MEGA Tbk         2023 Annual Report




Supporting Organs of the Board of
Commissioners
As set forth in the Board Manual, the Board of Commissioners is required to form an Audit Committee, a Risk Monitoring
Committee and a Remuneration and Nomination Committee to assist in the effective discharge of its duties and
responsibilities. A committee chairperson may only serve as chairperson of another committee with a maximum of 1 (one)
other committee. A more detailed explanation of the supporting committees of the Board of Directors is provided below:

      Audit Committee

Pursuant to POJK No. 55/POJK.04/2015 on the                    Duty and Responsibility
Establishment and Guidelines for Implementing the              The Audit Committee, as set forth in the Audit Committee
Work of the Audit Committee, the Audit Committee is            Charter, has several duties and responsibilities to assist the
a committee formed by and responsible to the Board             Board in carrying out its duties and functions. The duties
of Commissioners to assist the Board in performing its         and responsibilities of the Audit Committee include, but
duties and functions. The purpose of establishing the          are not limited to the following:
Bank Mega Audit Committee is to assist the Board of            1. Oversee and evaluate the planning and performance
Commissioners in fulfilling its oversight responsibilities         of internal audit functions to assess the adequacy of
related to financial reporting, internal control systems,          internal control, including the adequacy of the financial
conducting internal and external audits, implementing              reporting process.
GCG principles, and complying with applicable laws and         2. Provide recommendations to the Board of Directors
regulations in accordance with the Bank’s objectives.              regarding the preparation of the annual audit plan,
                                                                   scope and budget.
Audit Committee Charter                                        3. Review the conduct of audits by internal auditors
This Audit Committee Charter is made by reference to               and oversee the implementation of audit findings by
applicable laws and regulations Financial Services Authority       the Board.
Regulation No. 55/POJK.04/2015 of 23 December 2015             4. Evaluate the conduct of audits by external auditors
on Formation and Guidelines for Work Performance of                and/or public accountants in accordance with
Audit Committee. The Audit Committee Charter of the                auditing standards, the adequacy of time spent on
Bank has been established as a reference for the Audit             site, the evaluation of services provided and the
Committee in the performance of its functions and duties           adequacy of sampling, and make recommendations
in accordance with the internal and external regulations.          for improvements.
                                                               5. Review the compliance of the Bank’s financial statements
The Audit Committee Charter, which was signed by the               with applicable financial reporting standards.
Bank’s Board of Directors on November 13, 2002, addresses
important issues such as the composition, structure, and       Organizational Structure and Composition of the Audit
membership requirements; duties, responsibilities, and         Committee
authority; committee rules; meetings, quorums, and             In accordance with POJK no. 17/2023, the Charter of Audit
decision-making; the term of office of independent             Committee of Bank Mega also regulates the structure and
committee members; the performance evaluation                  composition of the Audit Committee, which is appointed
mechanism; and the review period for working guidelines        and dismissed by the Board of Commissioners and is
and regulations.                                               responsible to the Board of Commissioners. The Audit
                                                               Committee consists of at least three members, all of whom
                                                               are independent. The Audit Committee is composed of
                                                               independent members of the Board of Commissioners and
                                                               independent parties from outside the Bank, each of whom
                                                               has expertise in the field of finance or accounting and one
                                                               of whom has expertise in the field of law or banking. This
                                                               structure of the Audit Committee is designed to comply
                                                               with POJK No. 17 of 2023, Article 64, Paragraph 1, relating
                                                               to the Audit Committee.




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The Bank’s Audit Committee is chaired by an independent commissioner and member with the following
organizational structure:

                                                                           Chairman

                                                                Independent Commissioner




                                                    Member                                             Member

                                    Independent party with expertise                     Independent party with expertise
                                        in finance or accounting                                in law or banking



The Bank’s Audit Committee composition as of December 31, 2023 is as follows::


                   Name                                  Position                        Appointment Date                              Expertise

 Hizbullah*                                      Chairman                                    September 1, 2023                  Banking

 Purwo Junianto                                  Member                                      September 1, 2023                  Finance & Banking

 Ivan Purnama Sanoesi                            Member                                      September 1, 2023                  Accounting & Banking


*Appointed as Chairman of the Audit Committee to replace Lambock V. Nahattands on August 31, 2023



A brief profile of each of the three members of the Audit Committee is set out below:

Profile of the Audit Committee Chairman
Hizbullah is the Independent Director and Chairman of the Audit Committee. A brief profile of him is provided in the
Company Profile section of this Annual Report.

Profile of the Audit Committee Members
A brief profile of the 2 (two) members of the Audit Committee who have been appointed since the year 2022 is given below:


                                           Purwo Junianto
                                           Member

                                           Age                                              68 years of age at the end of the 2023 fiscal year

                                           Citizenship                                      Indonesian

                                           Domicile                                         Jakarta

                                           Legal Basis of Appointment                       Appointed as a member of the Audit Committee of PT Bank Mega
                                                                                            Tbk by Directors’ Decree No. SK. 111/DIRBM/23, effective from
                                                                                            September 1, 2023

                                           Tenure                                           2023—2027


 Educational Background                    •     Received a Bachelor of Economics degree from Gajah Mada University, Yogyakarta in 1978
                                           •     Received MBA degree from the University of Illinois, Urbana Champaign, USA in 1993

 Concurrent Position                       Have no concurrent positions

 Work Experience                           •     Started his banking career in 1979 as a management trainee with the Export Import Bank / Exim Bank. His
                                                 last position at Exim Bank was Head of Credit Department in 1999.
                                           •     Joined Bank Mandiri for 2 years before resigning in 2001
                                           •     He was Finance Director of PT Tirto Bumi Prakarsatama from 2004 to 2015.
                                           •     Lecturer at MM UGM from 2002 to 2006
                                           •     Member of the Risk Monitoring Committee of PT. Bank Mega, Tbk. from 2008 to 2022

 Affiliated Relationship                   Has no affiliation with members of the Board of Commissioners, Board of Directors, and major shareholders




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                                            Ivan Purnama Sanoesi
                                            Member

                                            Age                                              62 years of age at the end of the 2023 fiscal year

                                            Citizenship                                      Indonesian

                                            Domicile                                         Jakarta

                                            Legal Basis of Appointment                       Appointed as a member of the Audit Committee of PT Bank Mega
                                                                                             Tbk by Directors’ Decree No. SK. 111/DIRBM/23, effective from
                                                                                             September 1, 2023

                                            Tenure                                           2023—2027


 Educational Background                     •     Faculty of Economics, Department of Accounting, Tarumanegara University, 1988
                                            •     Master Degree in Financial Management, PPM Management College, 2004

 Concurrent Position                        •     Member of PT Risk Monitoring Committee. Bank Hibank Indonesia (Member of BNI)
                                            •     Member of PT Audit Committee. Bank BTPN, Tbk.
                                            •     Member of PT Risk Monitoring Committee. Bank Ina Perdana, Tbk.
                                            •     Member of PT Risk Monitoring Committee. BCA Digital

 Work Experience                            •     From 1986 to 2016, held various positions in PT. Bank Central Asia Tbk; starting as Audit Staff, Head of Audit
                                                  Department/Affairs, Head of Audit Office and Deputy Head of Audit Department
                                            •     From 2016 to 2018, as Internal Audit and Risk Management Consultant at PT. Central Sentosa Finance
                                            •     Served as independent member of Risk Monitoring Committee and member of Audit Committee in various
                                                  financial services institutions

 Affiliated Relationship                    Has no affiliation with members of the Board of Commissioners, Board of Directors, and major shareholders




Audit Committee Meeting
POJK No. 17/2023 stipulates that the meetings of the Audit Committee shall be held at least 1 (one) time in 1 (one)
month. This is in line with the Bank’s Mega Audit Committee Charter, which stipulates that Audit Committee meetings
shall be held periodically at least 1 (one) time in 1 (one) month and can only be held if the majority or more than ½ of
the total members attend. Attendance of all Audit Committee members at internal Audit Committee meetings and
agendas is as follows:


                   Name                                Total Meetings                       Total Attendance                     Attendance Level

 Lambock V. Nahattands                                            7                                      7                                100 %

 Hizbullah                                                        7                                      7                                100 %

 Purwo Junianto                                                   14                                    14                                100 %

 Ivan Purnama Sanoesi                                             14                                    14                                100 %

(*) Hizbullah appointed as Audit Commitee Chairman effective September 1st.




  No                     Date                                                               Meeting Agenda

    1      13-Jan-23                              Closing meeting with external auditors (Crowe), Presentation of audit implementation for fiscal year 2022

    2      24-Jan-23                              •   Evaluation of PT Bank Mega Tbk’s IADT task implementation results for Semester II 2022
                                                  •   Evaluation of the implementation of the Board of Directors’ follow-up on internal and external audit
                                                      findings for Semester II 2022

    3      31-Jan-23                              Evaluation of PT’ Bank Mega Tbk’s IADT work plan and budget in 2023

    4      28-Mar-23                              Evaluation of the audit results of PT Bank Mega Tbk by the Public Accounting Firm (KAP) for the Financial
                                                  Year 2022

    5      02-May-23                              Evaluation of the udit report for the first quarter of 2023

    6      09-May-23                              Evaluation of compliance of financial reports of PT Bank Mega Tbk with the Accounting Standards for
                                                  December 31, 2022 and March 31, 2023




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  No                     Date                                                                  Meeting Agenda

    7      18-Jul-23                              •   Evaluation of PT Bank Mega Tbk’s IADT task implementation results for Semester I 2023
                                                  •   Evaluation of the implementation of the Board of Directors’ Follow-up on Internal & External Audit
                                                      Findings for Semester I 2023

    8      19-Sep-23                              Proposed Appointment of Audit Firm (KAP) for FY 2023

    9      26-Sep-23                              Evaluation of the Results of the Implementation of PT Bank Mega Tbk’s IADT Tasks for August 2023

   10      03-Oct-23                              Kick-off meeting with the external auditor (KAP AAJ/RSM) for the implementation of the financial statements
                                                  audit for FY 2023

   11      17-Oct-23                              Renewal of the Audit Committee Charter

   12      20-Oct-23                              Evaluation of PT Bank Mega Tbk’s IADT task implementation results for September 2023

   13      14-Nov-23                              Evaluation of PT Bank Mega Tbk’s IADT task implementation results for October 2023

   14      12-Dec-23                              Evaluation of PT Bank Mega Tbk’s IADT task implementation results for November 2023


(*) The meeting frequency is 1 (one) time in 1 (one) month starting from September 2023 in accordance with POJK No. 17 of 2023



Independence of the Audit Committee                                                      4. Has no affiliation with members of the Board of
As set forth in the Audit Committee Charter, each member                                    Commissioners, members of the Board of Directors
of the Audit Committee has complied with independence                                       or major shareholders of the Bank.
requirements. The independence of each member of the
audit committee may be measured by compliance with                                       Training During the Fiscal Year
the requirements below:                                                                  Hizbullah, as the Chairperson of the Audit Committee,
1. Have no shareholding interest, directly or indirectly,                                attended various training sessions, which can be found in
    in the company;                                                                      the “Company Profile” of in this Annual Report.
2. Have no business relationship, either directly or
    indirectly relating to the operations of the Company;                                Implementation of the Audit Committee’s Activities
3. Not an Insider at any Certified public accountant, Law                                The Audit Committee helped to perform its oversight
    Firm, Public Appraiser or other party providing audit                                function on the Bank’s performance throughout the year.
    and/or non- audit services, assurance, non-assurance,                                The Audit Committee’s work program and implementation
    appraiser and/or other consulting services to the                                    for the year are as follows:
    Company within the last 6 (six) months;


  No                        Work Program                                                                   Implementation

    1      Evaluate the IADT 2023 Annual Audit Work Plan               An evaluation of the 2023 IADT Annual Audit Work Plan (RKAT) was performed.
           (RKAT).

    2      Evaluate the compliance of the financial statements         Performed an evaluation of the compliance of the financial statements of PT Bank Mega
           of PT Bank Mega Tbk with accounting standards               Tbk with accounting standards

    3      Evaluate the results of PT Bank Mega Tbk’s audit            An evaluation of the results of the audit of PT Bank Mega Tbk by KAP for the financial
           performance with Public Accounting Firm                     year 2022 was performed.

    4      Make recommendations for the appointment of                 A recommendation was made for the appointment of a public accounting firm to audit
           a public accounting firm for the fiscal year 2023.          the financial statements for the financial year 2023.

    5      Make recommendations for the appointment of                 A recommendation was made for the appointment of a Public Accounting Firm to conduct
           independent quality controllers from external parties       a review of the internal audit performance.
           to review the performance of internal audit

    6      Evaluate the results of the implementation of               An evaluation has been made of the results of the internal audit function and the adequacy
           the internal audit and the adequacy of the audit            of audit reporting. This is done by evaluating the monthly internal audit report and
           reporting for the fiscal year 2023                          presenting it in the minutes of the review meeting, which is then presented to the Board
                                                                       of Commissioners.

    7      Evaluate the implementation of the Board’s follow-          The implementation of the Board’s follow-up actions on internal and external audit
           up of internal and external audit findings.                 findings has been evaluated.

    8      Renewal of the Audit Committee Charter                      The Audit Committee Charter has been updated in accordance with the Financial Services
                                                                       Authority Regulation No. 17 of 2023 dated September 14, 2023 on the Implementation
                                                                       of Governance for Commercial Banks




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                                                                                 PT BANK MEGA Tbk          2023 Annual Report




      Risk Monitoring Committee


The Risk Monitoring Committee has been established                   quorums, and decision-making; the term of office of
in order to implement the principles of the GCG and in               independent committee members; the performance
view of the increasingly complex duties and functions of             evaluation mechanism; and the review period for working
the Board of Commissioners in the supervision of Bank                guidelines and regulations.
Mega. This Committee has been established by the
Board of Commissioners in order to assist the Board of               Duty and Responsibility
Commissioners in fulfilling its duties and responsibilities          The Risk Monitoring Committee has a number of duties
in its supervisory function and to make recommendations              and responsibilities to assist in the performance of the
to the Board of Commissioners in order to ensure that the            duties and functions of the Board of Commissioners as
implementation of the risk management of the Bank meets              set forth in the Risk Monitoring Committee Charter. The
the elements of adequate risk management procedures                  duties and responsibilities of the Risk Monitorin Committee
and methods.                                                         include the following:
                                                                     1. Assessing the adequacy of the risk management
The Risk Monitoring Committee Charter                                    policies and the implementation of the Bank’s policies,
The Bank has established a Risk Monitoring Committee                     as well as monitoring and evaluating the performance
Charter with reference to the provisions of applicable laws              of the duties of the Risk Management Committee and
and regulations, including POJK No. 17 of 2023 on the                    the Risk Management Department.
implementation of governance for commercial banks and                2. Providing opinions and recommendations to the
SEOJK No. 34/SEOJK.03/2016 on the implementation of                      Board regarding the Bank’s risk management policies
risk management for commercial banks.                                    and implementation.
                                                                     3. Providing opinions and recommendations to the
The Risk Monitoring Committee Charter, which was signed                  Board of Commissioners on the performance of the
by the Bank’s Board of Commissioners on November 13,                     duties of the Risk Management Committee and the
2002, addresses important issues such as the composition,                Risk Management Work Unit, including integrated
structure, and membership requirements; duties,                          risk management.
responsibilities, and authority; committee rules; meetings,

Organizational structure and composition of the Risk Monitoring Committee
Bank Mega’s Risk Monitoring Committee Charter also determines the structure and membership of the Risk Monitoring
Committee, which is appointed and removed by the Board of Commissioners and is responsible to the Board of
Commissioners. The Risk Monitoring Committee is composed of at least three members, one of whom is an independent
commissioner, one (1) independent party with expertise in risk management and one (1) independent party with expertise
in finance. The structure of the Risk Monitoring Board meets the requirements of Article 65 (1) of the POJK no. 17 of 2023.



The Bank’s Risk Monitoring Committee is chaired by an Independent Commissioner and has the following
organizational structure:


                                                             Chairman

                                                      Independent Commissioner




                                        Member                                     Member

                                 Independent party with                 Independent party with expertise
                                   expertise in finance                       in risk management




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The Bank’s Risk Monitoring Committee composition as of December 31, 2023 is as follows:


                   Name                       Chairman                        Appointment Date                              Expertise

Achjadi Ranuwisastra                    Chairman                                    01 Maret 2022                    Banking

Iramady Irdja                           Member                                      01 Maret 2022                    Finance

Adrial Salam                            Member                                      01 Maret 2022                    Risk Management




A brief profile of each of the three members of the Risk Monitoring Committee is set out below:

Profile of the Risk Monitoring Committee Chairman
Achjadi Ranuwisastra is the Independent Director and Chairman of the Risk Monitoring Committee. A brief profile of
him is provided in the Company Profile section of this Annual Report.

Profile of the Risk Monitoring Committee Members
A brief profile of the 2 (two) members of the Risk Monitoring Committee who have been appointed since the year 2022
is given below:


                              Iramady Irdja
                              Member

                              Age                                              68 years of age at the end of the 2023 fiscal year

                              Citizenship                                      Indonesian

                              Domicile                                         Jakarta

                              Legal Basis of Appointment                       Appointed as a member of PT Risk Monitoring Committee PT Bank
                                                                               Mega Tbk by Directors’ Decree No. SK.025/DIRBM/22, effective
                                                                               March 1, 2022

                              Tenure                                           2022—2027


Educational Background        •     Completed Master of Science (S2) education, National University in 2018
                              •     Received Doctorate (S3) in Political Science (specialization: political economy), National University in 2021

Concurrent Position           Have no concurrent positions

Work Experience               •     Started his career at Bank Indonesia in 1981 with his last position as Deputy Director of Bank Indonesia - Head
                                    of Bank Supervision in the working area of North Sumatra and Nangroe Aceh Darussalam (NAD), 2008 – 2011
                              •     MSE and Sharia Economic Development Advisor in Bank Indonesia Sumbagteng Working Area (Sumbar,
                                    Riau, Jambi, Riau Islands), 2011 – 2012
                              •     Consultant Committee LA-Indosat, 2015 – 2018
                              •     Member of the Audit Committee of PT. Bank Mega, Tbk. from 2013 to 2022

Affiliated Relationship       Has no affiliation with members of the Board of Commissioners, Board of Directors, and major shareholders




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                                  Adrial Salam
                                  Member

                                  Age                                                 64 years of age at the end of the 2023 fiscal year

                                  Citizenship                                         Indonesian

                                  Domicile                                            Jakarta

                                  Legal Basis of Appointment                          Appointed as a member of PT Risk Monitoring Committee PT Bank
                                                                                      Mega Tbk by Directors’ Decree No. SK.025/DIRBM/22, effective
                                                                                      March 1, 2022

                                  Tenure                                              2022—2027


 Educational Background           In 2001, he graduated from Pancasila University with a Master of Management Degree.

 Concurrent Position              Have no concurrent positions

 Work Experience                  •     Worked for Bank Mandiri from 1999 to 2016, having held various positions
                                  •     1999 - 2005 Served as Branch Manager at Bank Mandiri
                                  •     2006 - 2008 served as Special Audit Investigator
                                  •     2008 - 2011 served as Regional Head of Internal Control of Bank Mandiri for Jakarta and West Java Region
                                  •     2011 - 2012 he served as Branch Area Manager
                                  •     2012 - 2016 he served as Head of Internal Audit of Bank Mandiri.
                                  •     2015 - 2016 he served as Head of Transformation Team for Audit at Bank Mandiri
                                  •     From 2005 to 2016 as a teacher of Banking Operations Module and Anti-Fraud Prevention Module
                                  •     From 2015 to date, teacher for Risk Management Certification.
                                  •     Member of Audit Committee of PT Bank Mega Tbk from 2015 to 2022
                                  •     Served as member of PT Audit Committee of PT Mandiri Inhealth Tbk from 2016 to 2022

 Affiliated Relationship          Has no affiliation with members of the Board of Commissioners, Board of Directors, and major shareholders



Risk Monitoring Committee Meeting
POJK No. 17/2023 stipulates that the Risk Monitoring Committee shall meet at least 1 (one) time in 1 (one) month.
This is in accordance with the Charter of the Risk Monitoring Committee of the Bank Mega, which also stipulates that
the meetings of the Risk Monitoring Committee shall be held periodically at least 1 (one) time in 1 (one) month and
can be held only if the majority or more than ½ of the total number of members are present. The level of attendance
of all members of the Risk Monitoring Committee at the internal meetings of the Risk Monitoring Committee and the
agenda of the meetings is the following:


                Name                    Total Meetings                        Total Attendance                           Attendance Level

 Achjadi Ranuwisastra                             7                                             7                                 100%

 Iramady Irdja                                    7                                             7                                 100%

 Adrial Salam                                     7                                             7                                 100%




  No                       Date                                                       Meeting Agenda

   1      03-Feb-23                       Quarter IV/2022 Risk Profile Assessment

   2      10-Feb-23                       Evaluation of risk management implementation in 2022

   3      02-May-23                       Quarter I / 2023 risk profile assessment

   4      21-Jul-23                       Quarter II// 2023 risk profile evaluation

   5      13-Oct-23                       Renewal of Risk Monitoring Committee Charter

   6      03-Nov-23                       Quarter III / 2023 Risk Profile Evaluation

   7      22-Dec-23                       Risk profile evaluation for November 2023




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Independence of the Risk Monitoring Committee                                      2. A personal statement of independence shall be
The Risk Monitoring Committee Charter requires that                                   provided by the Independent Party.
each member of the Risk Monitoring Committee meet
independence requirements. The independence of                                     Training During the Fiscal Year
each member of the Risk Monitoring Committee can                                   Mr. Achjadi Ranuwisastra, as the Chairman of the Risk
be measured by the fulfillment of the requirements set                             Monitoring Committee, attended various training sessions,
forth below:                                                                       which are listed in the Company Profile section of this
1. Former members of the Board of Directors, executive                             Annual Report.
    officers or parties having a relationship with the
    Bank that may influence the person’s ability to act                            Implementation of Risk Monitoring Committee Activities
    independently must complete a cooling off period of at                         The Risk Monitoring Committee has contributed to
    least 6 (six) months before becoming an independent                            the implementation of the monitoring function of Bank
    party, except for former members of the Board of                               Mega’s performance throughout the year 2023. The Risk
    Directors who are in charge of supervisory functions or                        Monitoring Committee’s work program and implementation
    officers who perform supervisory functions at the Bank.                        for this year are as follows:


  No                    Work Program                                                                  Implementation

   1.    Evaluate the Risk Profile of Bank Mega                  An assessment of Bank Mega’s risk profile was carried out for the quarter IV/2022, the
                                                                 quarter I/2023, the quarter II/2023 and the quarter III/2023. The risk profile was prepared
                                                                 in accordance with the regulatory requirements. The Bank’s risk profile is relatively stable
                                                                 during 2023, i.e. at a low to moderate level.

   2.    Evaluate the effectiveness of the Risk Management       Active participation in monthly KMR meetings. KMR and RIMG have performed their
         Committee and the Risk Management Department            functions as they should, so that the implementation of risk management has been
                                                                 carried out in accordance with the regulations. Risk parameters exceeding risk appetite
                                                                 and entering risk tolerance were discussed and improvements were pursued.

   3.    Assess the effectiveness of the Integrated Risk         Actively participate in quarterly KMRT meetings. KMRT in Integrated Financial Mega
         Management Committee                                    Corporations has been conducted in accordance with the provisions. The integrated risk
                                                                 profile can be maintained at a low to moderate level until October 2023.

   4.    Evaluates monthly risk limit reports and attends        Monitor risk limits for credit risk, market risk, liquidity risk, strategic risk, operational risk,
         monthly ALCO meetings. In general, the risk limit       legal risk, compliance risk and reputational risk.
         can be maintained within the Bank’s risk appetite
         and risk tolerance.

   5.    Provide information and proposals to the Board          This information and suggestions is communicated to the Board of Commissioners via
         of Directors                                            Service Memos throughout 2023

   6.    Evaluate the implementation of the 2023 Recovery        The results of the evaluation is communicated to the Board of Commissioners via
         Plan                                                    Service Memo.

   7     Evaluate the simulation of stress test implementation   The results of the evaluation is communicated to the Board of Commissioners via
         (solvency & liquidity)                                  Service Memo.

   8.    Evaluate the implementation of the compliance           An evaluation of the implementation of the compliance function was conducted for the
         function per semester in 2022 and 2023                  second half of 2022 and the first half of 2023.

   9.    Renewal of the Risk Monitoring Committee Charter        The Risk Monitoring Committee Charter has been updated in accordance with the
                                                                 Financial Services Authority Regulation No. 17 of 2023 dated September 14, 2023 on
                                                                 the implementation of governance for commercial banks.



        Remuneration and Nomination Committee

The Remuneration and Nomination Committee (KRN) is                                 Remuneration and Nomination Committee Charter
a committee formed by and responsible to the Board of                              The Bank has established a Remuneration and Nomination
Commissioners to assist in the performance of the functions                        Committee Charter with reference to the provisions of
and duties of the Board of Commissioners with respect to                           applicable laws and regulations, including POJK No. 17/2023
remuneration and nomination of members of the Board of                             on the implementation of governance for commercial banks
Commissioners and members of the Board of Directors. The                           and POJK No. 45/2015 on the Implementation of Governance
Remuneration and Nomination Committee has also been                                in the Provision of Remuneration for Commercial Banks.
formed in order to implement the principles of the GCG and to
take into account the increasingly complex duties and functions
of the Board of Commissioners in the supervision of Bank Mega.



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The important matters regulated in the Compensation and              The duties and responsibilities with respect to the
Nomination Committee Charter, which was signed by the                Nominating Policy are as follows:
Bank’s Board of Directors on November 13, 2023, are the              1. Make recommendations to the Board of Commissioners
composition, structure and membership requirements, duties              regarding the composition of the Board of Directors
and responsibilities and powers, committee rules, meetings,             and/or the Board of Commissioners, the guidelines
quorum and decision-making, term of office of independent               and criteria required in the nomination process, and
committee members, performance evaluation mechanism,                    the performance evaluation guidelines for the Board
and review period of work guidelines and regulations.                   of Directors and/or the Board of Commissioners.
                                                                     2. Assist the Board of Trustees in evaluating the
Duty and Responsibility                                                 performance of directors and/or members of the
The Remuneration and Nomination Committee, as set                       Board of Trustees based on benchmarks established
forth in the Remuneration and Nomination Committee                      as evaluation materials.
Charter, has several duties and responsibilities to assist the       3. Make recommendations to the Board regarding
Board in carrying out its duties and functions. The duties              capacity development programs for directors and/or
and responsibilities of this committee with respect to the              members of the Board of Commissioners.
remuneration policy include the following:
1. Make recommendations to the Board regarding                       Organizational structure and composition of the
    the compensation structure, policy and amount of                 Remuneration and Nomination Committee
    compensation for members of the Board of Directors               The Bank’s Remuneration and Nomination Committee
    and/or members of the Board of Commissioners, to                 Charter also regulates the structure and composition of the
    be evaluated by the Compensation and Nomination                  Remuneration and Nomination Committee, which must be
    Committee at least 1 (one) time in 1 (one) year.                 composed of at least: 1 (one) independent director, who
2. Assist the Board of Commissioners in conducting                   is also the Chairman; 1 (one) non-independent director;
    performance evaluations in accordance with the                   and 1 (one) executive officer in charge of human resources
    compensation received by each director and/or                    or 1 (one) employee representative of the Bank. If the
    member of the Board of Commissioners.                            members of the Remuneration and Nomination Committee
3. Provide evaluation results and recommendations                    are determined to be more than 3 (three) persons, the
    to the Committee regarding the overall employee                  Independent Committee shall be composed of at least
    compensation policy to be presented to the Board.                2 (two) persons.



The Bank’s Remuneration and Nomination Committee shall be chaired by an independent member and shall have the
following organizational structure:


                                                             Chairman

                                                      Independent Commissioner




                                        Member                                    Member

                             Non Commissioner Independent                   Pejabat Eksekutif yang
                                                                           membawahi fungsi SDM/
                                                                           Perwakilan Pegawai Bank




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The Bank’s Remuneration and Nomination Committee composition as of December 31, 2023 is as follows:


                  Name                       Chairman                      Appointment Date                           Expertise

 Achjadi Ranuwisastra              Chairman                                      March 1, 2022              Banking

 Yungki Setiawan                   Member                                        March 1, 2022              Finance

 Anwar V. Purba                    Member                                        March 1, 2022              HR




A brief profile of each of the three members of the Remuneration and Nomination Committee is set out below:

Profile of the Remuneration and Nomination Committee                  Profile of the Remuneration and Nomination Committee
Chairman                                                              Members
Achjadi Ranuwisastra is the Independent Director and                  A short profile of the Non-Independent Commissioner,
Chairman of the Remuneration and Nomination Committee.                Yungki Setiawan, can also be found in the section of this
A brief profile of him is provided in the Company Profile             Annual Report entitled Company Profile. Meanwhile, a
section of this Annual Report.                                        brief profile of Anwar V. Purba can be found below:


                               Anwar V. Purba
                               Remuneration and Nomination Committee Member

                               Age                                           59 years of age at the end of the 2023 fiscal year

                               Citizenship                                   Indonesian

                               Domicile                                      Jakarta

                               Legal Basis of Appointment                    Reappointed as a member of the Remuneration and Nomination
                                                                             Committee of PT Bank Mega Tbk by Directors’ Decree No. SK.
                                                                             029/DIRBM/22, effective as of March 1, 2022

                               Tenure                                        2022—2027


 Educational Background        •     Received Bachelor’s Degree from the Faculty of Psychology, University of Indonesia and
                               •     Completed the Executive Master in Business Administration Program at the Asian Institute of Management,
                                     Manila, Philippines

 Concurrent Position           Have no concurrent positions

 Work Experience               Rejoined Bank Mega in 2008 and held the position of Head of Human Capital Management

 Affiliated Relationship       Has no affiliation with members of the Board of Commissioners, Board of Directors, and major shareholders




Remuneration and Nomination Committee Meeting                         for regular meetings to be held at least once every 3
POJK No. 17/2023 stipulates that the meetings of the                  (three) months. This meeting shall be held if the majority
Remuneration and Nomination Committee shall be held                   of the members of the Committee are present, including
at least 1 (one) time every 3 (three) months. This is in              the presence of 1 (one) Independent Director and 1 (one)
accordance with the Charter of the Remuneration and                   Executive Officer in charge of Human Resources or 1 (one)
Nomination Committee of Bank Mega, which provides                     representative of the Bank’s employees.




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The level of attendance of all members of the Remuneration and Nomination Committee at the internal meetings of
the Remuneration and Nomination Committee and the agenda of the meetings are as follows:


             Name                       Total Meetings                     Total Attendance                       Attendance Level

 Achjadi Ranuwisastra                             5                                   5                                     100%

 Yungki Setiawan                                  5                                   5                                     100%

 Anwar V. Purba                                   5                                   5                                     100%




  No                    Date                                                       Meeting Agenda

   1     16-Jan-23                         Recommendations for the Appointment of Directors of PT Bank Mega Tbk.

   2     16-Feb-23                         Recommendations for the Appointment of Commissioners and Vice President Director of PT Bank Mega Tbk.

   3     28-Feb-23                         Proposed Honorarium/Salary and Allowances for the Board of Commissioners and Directors in 2023 as
                                           well as the Division of Directors’ Duties

   4     30-Aug-23                         Evaluation of the implementation of the Remuneration Policy for Semester I 202

   5     30-Oct-23                         Alignment of the Remuneration and Nomination Committee Work Guidelines and Rules of Procedure
                                           Alignment of Nomination Policies for the Board of Commissioners and Members of the Board of Directors



Training During the Fiscal Year
Achjadi Ranuwisastra and Yungki Setiawan, attended various training sessions, which are listed in the Company Profile
section of this Annual Report.

Implementation of Remuneration and Nomination Committee Activities
The Remuneration and Nomination Committee has contributed to the implementation of the monitoring function of
Bank Mega’s performance throughout the year 2023. The Remuneration and Nomination Committee’s work program
and implementation for this year are as follows:


  No                    Work Program                                                       Implementation

   1     Recommendations for the appointment of the         Proposed to the Board of Commissioners, to be approved by the General Meeting of
         Directors of the AGMS in 2023.                     Shareholders of PT Bank Mega Tbk in 2023.

   2     Recommendations for the appointment of Board       Proposed to the Board of Commissioners, to be determined at the General Meeting of
         of Commissioners and Vice President Directors at   Shareholders of PT Bank Mega Tbk Tbk in 2023.
         the 2023 AGMS.

   3     Proposed remuneration for members of the Board     Proposed to the Board of Commissioners, to be determined after the General Meeting
         of Commissioners and Directors in 2023.            of Shareholders of PT Bank Mega Tbk in 2023.

   4     Evaluation of the implementation of the            The results of the evaluation is submitted to the Board of Commissioners.
         remuneration policy for the first half of 2023.

   5     Alignment of the Remuneration and Nomination       The Work Guidelines and Rules of Procedure of the Remuneration and Nomination
         Committee Work Guidelines and Rules of Procedure   Committee have been aligned with the Financial Services Authority Regulation No.
                                                            17 of 2023 dated September 14, 2023 on the Implementation of Governance for
                                                            Commercial Banks.

   6     Alignment of Nomination Policies for the Board     The Nomination Policy for the Board of Commissioners and members of the Board of
         of Commissioners and Members of the Board of       Directors has been aligned with the Financial Services Authority Regulation No. 17 of
         Directors                                          2023 dated September 14, 2023 concerning the Implementation of Governance for
                                                            Commercial Banks.




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Supporting Organs of the Board
of Directors
According to the Board Manual, the Directors of the Bank              The Board of Directors has formed several Executive
may form committees as required to assist in carrying out             Committees to assist it in carrying out its duties and
their duties and responsibilities in an effective manner.             responsibilities in the following tabel. A summary of the
Upon the formation of such committee, the Board of                    Executive Committee meetings is provided at the end of
Directors shall have a duty to evaluate the performance               this section.
of the committee at the end of each financial year.


 No                         Committee                          Number of Director Decree             Date of Director Decree

   1    Risk Management Committee                                    SK.No.069/DIRBM/23                     June 12, 2023

   2    Assets dan Liabilities Committee (ALCO)                      SK.No.064/DIRBM/23                      May 4, 2023

   3    Credit Policy Committee                                      SK.No.053/DIRBM/14                      June 5, 2014

   4    Information Technology Committee                             SK.NO.067/DIRBM/23                      June 5, 2023

   5    Human Resources Committee                                    SK.No.062/DIRBM/23                     April 13, 2023

   6    Product Committee                                            SK.No.086/DIRBM/18                    October 26, 2018

   7    Crisis Management Committee                                  SK.No.076/DIRBM/23                     June 13, 2023

   8    Credit Committee                                             SK.NO.123/DIRBM/23                    October 2, 2023


In addition, within the framework of the Mega Corpora Financial Conglomeration, the Bank, as the main entity to carry
out its duties and responsibilities, has established the following committee:


 No                         Committee                         Number of Director Decree             Date of Director Decree

   1    Integrated Risk Management Committee                    SK Direksi No. SK.077/DIRBM/23              June 13, 2023

   2    Integrated Governance Committee                      SK Dekom No.SK. 006/DEKOM/V/2023               May 15, 2023



A more detailed explanation of the supporting committees of Directors can be found below:




       Risk Management Committee



Duties and Responsibilities                                              Bank’s external and internal conditions affecting
The authority and responsibility of the Risk Management                  capital adequacy, the Bank’s risk profile, and ineffective
Committee shall be to evaluate and make recommendations                  implementation of risk management based on
to the President Director regarding risk management,                     evaluation results.
including, at a minimum, the following                                3. Establishing policies and/or business decisions that
1. Preparation of risk management policies and                           deviate from normal procedures, such as exceeding
    amendments thereto, including risk management                        significant business expansion compared to the bank’s
    strategies, level of risk assumed and risk tolerance,                previously established business plan, or taking risk
    risk management framework and contingency plans                      positions/exposures that exceed predetermined limits.
    to anticipate the occurrence of abnormal conditions.              4. Determining the risk limit (risk appetite and risk
2. Improving the risk management process periodically                    tolerance) for each risk area (risk taking limit).
    or on an ad hoc basis as a result of changes in the




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5. Monitor, evaluate and implement risk limits in                          Risk Management Committee Activities in 2023
   accordance with applicable risk limit policies.                         During 2023, the Risk Management Committee held
6. Evaluate the Risk Profile Report and the PTKB Report                    meetings with the following topics of discussion:
   before submitting them to the Financial Supervisory
   Authority (OJK) as a routine report.
7. Monitor significant issues through reports submitted
   by the Risk Management Committee Secretariat.



 No.                                                              Discussion Materials

   1.   Assessment of the Bank's health for the second half of 2022

   2.   Monitoring of risk limits Position at December 31, 2022

   3.   Economic Sector Limit Monitoring as of December 2022

   4.   ITCR Dashboard and PEX Update

   5.   Cyber Security Matrix Assessment

   6.   Digital Maturity Assessment

   7.   Operational Risk Analysis Monitoring

   8.   Risk Limit Monitoring as of January 2023

   9.   Economic Sector Limit Monitoring & Review

  10.   Changes to the CKPN Calculation Guidebook

  11.   Monitoring of risk limits as of February 2023

  12.   Monitoring of economic sector limits as of February 2023

  13.   Review of credit risk profile parameters

  14.   Risk profile for the period Quarter I - 2023

  15.   Risk Limit Monitoring as of March 2023

  16.   Clear Desk & Clear Screen Assessment

  17.   Risk Limit Monitoring as of April 2023

  18.   Monitoring of Economic Sector Limits as of April 2023

  19.   Submission of IT & Cyber Risk Profile Parameters

  20.   Risk Limit Monitoring Position May 2023

  21.   Monitoring Economic Sector Limits as of May 2023

  22.   CCPL Portfolio Review

  23.   Bank Health Level Assessment Period I - 2023

  24.   Monitoring of the risk limits as of June 2023

  25.   Review of liquidity risk limit Risk parameters

  26.   Monitoring of economic sector limits as of June 2023

  27.   Monitoring of risk limits as of July 2023

  28.   Monitoring of Economic Sector Limits as of July 2023

  29.   Monitoring of the risk limits as of August 2023

  30.   Monitoring of Economic Sector Limits as of August 2023

  31.   Social Engineering Exercise




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 No.                                                                Discussion Materials

  32.    Application Risk Profile M Smile

  33.    Dormant account monitoring

  34.    Risk Profile Report for III Quarter - 2023

  35.    Monitoring Economic Sector Limit as of September 2023

  36.    Monitoring Economic Sector Limit as of September 2023

  37.    Monitoring of Risk Limit as of October 2023

  38.    Monitoring of Economic Sector Limit as of October 2023

  39.    Risk Limit Monitoring as of November 2023

  40.    Economic Sector Limit Monitoring as of November 2023




        Assets And Liabilities Committee (ALCO)



Duties and Responsibilities of the ALCO Committee                               Bank maintains the Bank-wide risk level at a level
The Assets and Liabilities Committee (ALCO) has the                             commensurate with its risk appetite.
following duties and responsibilities:                                       4. Determine interest rates and/or pricing for all products
1. Establish short- and long-term financial goals.                              and services of the Bank.
2. Ensuring that the Bank’s financial targets are approved
     by the Bank Commissioner.                                               Assets and Liabilities Committee Activities in 2023
3. Define the ALMA (Assets and Liabilities Management)                       The Assets and Liabilities Committee held meetings
     strategy and ensure that, in its implementation, the                    throughout 2023 with the following topics of discussion:



 No.                                                                Discussion Materials

  1.     Economic Indicator: The Fed's rate hike has peaked. Inflation in various countries is trending down, and Indonesia's economic growth is
         expected to remain strong.

  2.     Risk Management: Discussion on the risk limits and risk tolerance of various financial indicators such as LDR, LCR, NSFR, capital ratio and
         other financial indicators.

  3.     Financial Forecast: Credit performance position, DPK and PBT.

  4.     Third party fund management scenarios.




        Credit Policy Committee



Duties and Responsibilities of the Credit Policy Committee                        • The results of the monitoring and evaluation of the
The duties and responsibilities of the Credit Policy                                implementation of the credit policies implemented.
Committee shall be to assist the Board of Directors in                       2. Provide to the Board of Directors, with a copy to the
the management of the Bank with respect to:                                     Board of Commissioners, in periodic written reports,
                                                                                suggestions for corrective actions to be taken to
1. Submit regular written reports to the Board of Directors,                    mitigate risks that may arise from the implementation
   with a copy to the Board of Commissioners, regarding                         of a policy.
   • The results of the supervision of the implementation
       and execution of the Bank’s credit policy.



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3. Hold regular meetings at least once every 2 (two)                          Credit Policy Committee Activities in 2023
   months. The results of these routine meetings will                         During 2023, the Credit Policy Committee has held
   be presented in the form of Credit Policy Committee                        several meetings to discuss the following credit policy
   Meeting Minutes.                                                           related matters:


 No.                                                                 Discussion Materials

   1.   Update on the Use of Bank Scorecards.

   2.   Mega Investment Backed Loan I.

   3.   Card Printing Management (Credit/Personal Loan Cards, ATM/Debit Cards, Priority Pass Cards and Prepaid Cards).

   4.   Merchant Acquiring Acquisition Process I.

   5.   Updated guidance book for determining the allowance for credit losses on financial assets.

   6.   Merchant Acquiring Acquisition Process (Bank Indonesia Thematic Findings) II.

   7.   Determination of Certain Economic Sectors and Regions Requiring Special Treatment for Covid 19 Restructuring Debtors

   8.   Update on the use of external ratings and determination of risk weights in the calculation of credit RWA and CKPN.

   9.   Conditions for using public accounting services and public accounting firms for debtors.

  10.   Credit Fees and Trade Finance & Services Transaction Rates.

  11.   Authorization matrix for program fee expenditures, fee waivers, and credit card and personal loan discounts.

  12.   Approval of consumer credit cards and business credit cards.

  13.   Discussion of consumer credit card application requirements and process.

  14.   Enhancements to the Credit Facility Report (LFK) provisions.

  15.   Credit card delinquency collection update.

  16.   Risk Limit Credit Trigger & Action Tools Mechanism.

  17.   Bank Mega Credit Restructuring Committee Update.

  18.   Synergy between Bank Mega and Allo Bank in Credit Review Collaboration.

  19.   Update on Trust Receipt (T/R) Facility provisions.

  20.   Update on Bank Mega's Risk Limit Policy.

  21.   Update on Rescue and Settlement of Problem Credit (Non Credit Card).

  22.   Credit disbursement.

  23.   Update on Imported Product Provisions.

  24.   Mall Outlet Financing.

  25.   Mega Investment Backed Loan II.

  26.   Financing Limits Based on Economic Sector & Economic Sector Monitoring Mechanism.

  27.   Provisions for Export Products.

  28.   Name Lending Policy.

  29.   MPC Point.

  30.   Updating the authority of officials in the credit sector.

  31.   Bank Mega Credit Committee.

  32.   Provisions for Providing Back to Back Credit Facilities with DHE SDA as Collateral.

  33.   Update on the provision of back to back credit facilities.

  34.   Indogrosir and Indomarco Sub-Distributor Financing.




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 No.                                                           Discussion Materials

  35.    MPC Point.

  36.    Provision of Loans with Deposit Guarantee (PJD).




        Information Technology Committee



Duties and Responsibilities of the Information Technology                   sector so that the Bank’s investments in the information
Committee (IT Committee)                                                    technology sector contribute to the achievement of
The duties and responsibilities of the Information                          the Bank’s business objectives.
Technology Committee are to support the management                      7. Monitoring of information technology performance and
function of the Bank by the Board of Directors with respect                 efforts to improve information technology performance.
to information technology, namely to provide direction                  8. Efforts to effectively, efficiently and timely solve various
and decisions in this area. scope as follows:                               Information Technology related problems that cannot
1. Information Technology Strategic Plan that is consistent                 be solved by the work units using and organizing
    with the Bank’s strategic plans and business activities.                Information Technology.
2. Formulation of key information technology policies,                  9. Adequacy and allocation of the Bank’s resources.
    standards and procedures.                                           10. Evaluate and approve the implementation of
3. Align approved information technology projects with                      information technology projects exceeding
    the information technology strategic plan.                              Rp1,000,000,000 (one billion rupiah).
4. Ensure that the implementation of information                        11. Review project effectiveness after go-live against the
    technology projects is consistent with the agreed                       pre-defined forecast / plan.
    project plan.
5. Compatibility between information technology and                     Information Technology Committee Activities in 2023
    the needs of management information systems and                     During the year 2023, the Information Technology
    the needs of the Bank’s business.                                   Committee has had several meetings for the discussion
6. Effectiveness of the measures to minimize the risks of               of material related to information technology policy,
    the Bank’s investments in the information technology                as follows:


 No.                                                           Discussion Materials

  1.     Internet Banking Corporate

  2.     Infrastructure RSTI

  3.     SWIFT - ISO

  4.     PSAK 50/55

  5.     Supply Chain Financing




        Human Resources Committee



Duties and Responsibilities of the Human Resources                      2. Discuss and develop the organizational structure of
Committee                                                                  the Bank, including the establishment of job titles.
The Human Resources Committee shall have the                            3. Determine and discuss compensation policies
following duties and responsibilities in support of the                    for employees.
Board’s management functions with respect to human                      4. Determine awards/sanctions and the form or amount
resources development:                                                     of awards/sanctions for employees.
1. Study and discuss problems in the field of human
    resources and determine direction and policy in
    human resources.



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Human Resources Committee Committee Activities in 2023
The Human Resources Committee held several meetings to discuss matters related to human resources policies during
2023, as follows:


 No.                                                            Discussion Materials

   1     Discussion of cases occurring at branches

   2     Recommendations for sanctions for audit findings at branch offices

   3     Review of periodic salary increases for employees in 2023

   4     Employee bonuses in 2023.




        Product Committee



Duties and Responsibilities of the Product Committee                          5. Submit to the OJK, in accordance with the regulations,
The Product Committee shall have the following duties                            each plan and implementation report on the issuance
and responsibilities:                                                            of new bank products or activities prepared by
1. Ensure that new products or activities to be developed                        the initiator.
   are consistent with the Bank’s plans and strategies and                    6. Evaluate the Bank’s products and activities.
   the risks to which the Bank is exposed.                                    7. Monitor the implementation of product assessments
2. Provide approval and recommendations for proposed                             conducted by the initiator/product owner.
   new products or operations.
3. Ensure the completeness of the documentation in the                        Product Committee Activities in 2023
   basic approval process for product proposals and the                       The Product Committee has held several meetings to
   registration of each new product or activity application.                  discuss product development material throughout 2023.
4. Monitor compliance with regulations governing the                          These meetings include:
   issuance of new products or activities.



 No.                                                            Discussion Materials

   1.    Mega Proteksi Optima Link

   2.    Investment Backed Loan

   3.    Mega Asset Protected Mutual Funds 22

  4.     Safe Deposit Box (SDB) Cooperation between PT Bank Mega Tbk with PT Bank Mega Syariah

   5.    New savings product "Mega Zaver

   6.    Contactless debit card issuance

   7.    VISA Plus as ATM Acquirer

   8.    Loan On Card (LOC) on M-Smile

   9.    Digital Credit Card General Flow - M-Auto & Web Onboarding

  10.    Pros and Cons of CCV and Exp Date CC at M-Smile

  11.    M-Smile Project Update

  12.    Impact of changes and synchronization of customer data

  13.    KKPD Project

  14.    Individual Mega Internet Closing




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 No.                                                        Discussion Materials

  15.    M-Money

  16.    Feature Allo Explore

  17.    Loyalty Engine

  18.    Bank Mega Digital Savings

  19.    On Boarding Biometrics Review

  20.    Project Tap to Pay

  21.    Proposed Flow Bundling Onboarding Savings & Credit Cards

  22.    Branch Transaction Authentication

  23.    Funnel Analysis

  24.    Credit Card Mobile Number Change

  25.    New Website Acq CC Apply Performance Credit Card




        Crisis Management Committee



Duties and responsibilities of the Crisis Management                 5. The members of the Committee shall recommend
Committee                                                               to the Chairman of the Committee the relevant
The duties and responsibilities of the Crisis Management                recovery plan, which shall include the preparation
Committee shall be to assist the Board of Directors in the              of recovery plan guidelines as well as amendments
management of the Bank, particularly with respect to crisis             and contingency plans to anticipate the occurrence
management, with respect to                                             of abnormal conditions, as well as options for actions
1. Ensuring that the preparation of the recovery                        that will be taken by the Bank in response to financial
   plan document is realistic, comprehensive and in                     stress experienced by the Bank to prevent, restore or
   accordance with the requirements of the regulator/                   improve financial conditions.
   Financial Services Authority (OJK).
2. Communicating the recovery plan to all levels of the              Crisis Management Committee Activities in 2023
   bank’s organization.                                              The Crisis Management Committee has held a number
3. Implement the recovery plan effectively and on time.              of meetings to discuss materials related to the Crisis
4. Periodically evaluate and test the recovery plan and              Management Policy during the year 2023, as listed below:
   ensure that the recovery plan indicators are above the
   minimum requirements.


 No.                                                        Discussion Materials

  1.     Trigger Level Recovery Plan

  2.     Trigger Level GWM

  3.     Stress Testing Recovery Plan




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         Credit Committee


Roles and Responsibilities of the Credit Risk Management         4. Refuse requests and/or influence from parties having
Committee                                                           an interest in the Credit Applicant to grant formal
The duties and responsibilities of the Credit Committee             credit approval;
shall be to assist the Board of Directors in the management      5. Comply with and abide by all existing regulations,
of the Bank, particularly with respect to credit management,        both those of the Regulator and the Bank’s
with respect to:                                                    internal regulations.
1. Making decisions on credit applications in accordance
     with its authority.                                         Credit Committee Activities in 2023
2. Coordinating with the committee responsible for asset         The Credit Committee held several meetings to discuss
     and liability management.                                   matters related to credit management policies during 2023,
3. Perform their duties with full responsibility, especially     which are summarized in the following table:
     with regard to providing objective, honest and
     thorough credit approval.


                                      Non-Restructuring Credit     Credit Restructuring
         Credit Segment                                                                                  Total
                                            Committee                  Committee

 Corporate Credit                                  72                        4                            76

 Indirect Channel Credits                          36                        20                           56

 Indirect Channel Credits                          22                        2                            24

 SME Credit - KUM                                  613                       33                           646

 SME Credit - KUK                                   0                        1                             1

 Consumer Credit                                   48                        11                           59

 Treasury &                                        194                       0                            194
 International Banking Credit

 Total                                             985                       71                          1.056




         Transparency of the Meetings of the Executive Committee



The following table provides information on the summary of the meetings of the Executive Committee under the Board
of Directors and the status of the minutes of the meetings held during the year 2023.


 No.                        Committee Name                   Total Meetings in 1 year           Minutes of meetings

 1       Risk Management Committee                                      12                            Complete

 2       Assets dan Liabilities Committee (ALCO)                        10                            Complete

 3       Credit Policy Committee                                        10                            Complete

 4       Information Technology Committee                               2                             Complete

 5       Human Resources Committee                                      6                             Complete




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 No.                 Committee Name                        Total Meetings in 1 year             Minutes of meetings

 6     Product Committee

       SBDV                                                            -

       RPMG                                                            8                                Complete

       CPMA                                                            31                               Complete

       TIBS                                                            -                                    -

 7     Crisis Management Committee                                     3                                Complete

 8     Credit Committee                                                -                                    -




Corporate Secretary
The important role of company secretary is necessary           Role of the Corporate Secretary
to improve openness, service and communication to              The role of the Corporate Secretary in the working
stakeholders as an implementation of the principles            relationship between the Board of Commissioners and
of good corporate governance by issuers or public              the Board of Directors, based on the Board Manual, is
companies. According to POJK No. 35/2014, public               as follows
companies or issuers are required to have the function of      • Organize document management activities related to
a company secretary. A company secretary is an individual          policies issued, minutes of meetings, and minutes of
or a person in charge of a work unit who performs the              meetings attended by the Board of Commissioners
functions of a company secretary.                                  and Directors.
                                                               • Act as a liaison between the Board of Directors and
Duties and Responsibilities                                        the Board of Commissioners with shareholders, related
The company secretary has the following duties                     agencies, the community, and other stakeholders.
and responsibilities:                                          • Perform protocol functions for the activities of the
1. To keep abreast of developments in the capital market,          Board of Directors and the Board of Commissioners,
   in particular the regulations applicable to the capital         the implementation of the GMS and the official
   market sector.                                                  activities of the Bank.
2. Provide services for any information required by            • Serve as the Bank’s spokesperson to external parties
   shareholders and the public regarding the condition             and collect information related to the Bank and
   of the Bank, such as requests for annual reports and            parties outside the Bank related to the Bank’s business
   annual general meetings.                                        activities and implement communication strategies in
3. To assist the Board of Directors in complying with              accordance with the Bank’s needs.
   capital market regulations and their implementing rules.    • Other functions as specified in the Bank’s
4. To act as a liaison between Bank Mega and the                   Internal Regulations.
   Financial Services Authority, PT Bursa Efek Indonesia
   (BEI), other regulators and the public.                     Profile of the Corporate Secretary
5. To prepare a special list of shares.                        The Corporate Secretary of Bank Mega was appointed on
6. To maintain and be responsible for the availability of      the basis of a report to the Indonesian Stock Exchange
   the minutes of the meetings of the Board of Directors       and the Financial Services Authority with Letter No. 262/
   and the joint meetings of the Board of Commissioners        DIRBM-COAF/15 dated November 02, 2015 and also
   and the Board of Directors.                                 serves as the Head of Corporate Affairs. The position of
7. To prepare the necessary materials in connection with       Corporate Secretary of Bank Mega is held by Christiana
   the routine reports/activities of the Directors that are    M. Damanik, whose profile has been explained in the
   to be presented to external parties.                        Corporate Secretary Profile section of the Company Profile
8. To be responsible for the organization of the General       chapter of this Annual Report.
   Meeting of Shareholders.




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Performance of the Corporate Secretary’s activities
The Corporate Secretary has fulfilled his duties and                     In addition, the Corporate Secretary also publishes press
responsibilities throughout the year 2023. In terms of                   releases related to Bank Mega throughout 2023. These
information disclosure, Bank Mega has submitted reports                  press releases can be accessed at https://bankmega.com/
as a form of information disclosure carried out by the                   id/tentang-kami/profil-bank-mega/
Corporate Secretary, which can be accessed through
https://bankmega.com/id/tangan-kami/ new-investor-
relations/.


2023 Outgoing Letter List Table

  Letter
                 Date                                               About                                                       Receiver
 Number
     1         06 Jan 2023   Registration Activity Report as of December 2022                                            OJK ; BEI
     3         10 Jan 2023   Foreign Currency Debt Report as of December 31, 2022                                        OJK ; BEI
     4         11 Jan 2023   Announcement of Plans to Hold the Annual General Meeting of Shareholders of PT              OJK ; BEI
                             Bank Mega Tbk
     9         18 Jan 2023   Announcement of the Annual General Meeting of Shareholders of PT Bank Mega Tbk              OJK ; BEI
    10         24 Jan 2023   Application for Fit and Proper Test Director of PT. Bank Mega Tbk                           OJK
    11         26 Jan 2023   Business Group Structure Report                                                             OJK ; BEI
    13         27 Jan 2023   2022 Training Implementation Report                                                         BI
    14        02 Feb 2023    Submission of PT Bank Mega Tbk 2022 Annual Report and Sustainability Report                 OJK Pasar Modal ; BEI
    15        02 Feb 2023    Submission of PT Bank Mega Tbk 2022 Annual Report and Sustainability Report                 OJK Pengawas
    16        02 Feb 2023    Invitation of Annual General Meeting of Shareholders (AGMS) of PT Bank Mega Tbk             OJK ; BEI
    17        07 Feb 2023    Registration Activity Report as of January 2023                                             OJK ; BEI
    19        08 Feb 2023    Foreign Currency Debt Report as of January 31, 2023                                         OJK ; BEI
    23        10 Feb 2023    Reporting on PT Bank Mega Tbk’s Public Expose Plan                                          OJK ; BEI
    30        21 Feb 2023    Public Expose Material                                                                      OJK ; BEI
    39        28 Feb 2023    Management Change Information                                                               OJK Pasar Modal ; BEI
    40        28 Feb 2023    Management Change Information                                                               OJK Pengawas
    41        28 Feb 2023    Submission of Summary of Minutes and Results of AGMS of PT Bank Mega Tbk                    OJK Pasar Modal ; BEI
    42        28 Feb 2023    Submission of Summary of Minutes and Results of AGMS of PT Bank Mega Tbk                    OJK Pengawas
    43        01 Mar 2023    Public Expose Result Report of PT Bank Mega Tbk                                             OJK ; BEI
    45        07 Mar 2023    Registration Activity Report as of February 2023                                            OJK ; BEI
    46        07 Mar 2023    Foreign Currency Debt Report as of February 28, 2023                                        OJK ; BEI
    52        14 Mar 2023    Confirmation of Attendance of Candidate for Information Technology Director of PT           OJK
                             Bank Mega Tbk
    56        24 Mar 2023    Instructions for the Distribution of Cash Dividends on Shares of PT Bank Mega Tbk (MEGA)    KSEI
    57        24 Mar 2023    Submission of the Minutes of PT Bank Mega Tbk                                               OJK ; BEI
    58        27 Mar 2023    Report on the appointment of the Director of Information Technology of PT Bank              OJK
                             Mega Tbk
    59        28 Mar 2023    Submission of PT Bank Mega Tbk’s Revised Annual Report and Sustainability Report 2022       OJK Pasar Modal ; BEI
    60        28 Mar 2023    Submission of PT Bank Mega Tbk’s Revised Annual Report and Sustainability Report 2022       OJK Pengawas
    61        29 Mar 2023    Application for Fit and Proper Test for Deputy Managing Director of PT. Bank Mega Tbk       OJK
                             Directors’ Statement Letter
    62        29 Mar 2023    Directors’ Statement Letter                                                                 LPS
    63        30 Mar 2023    Organizational Structure Report of PT. Bank Mega Tbk                                        OJK ; BEI
    66        31 Mar 2023    Information Disclosure Notice on the Financial Reports of PT Mega Corpora and               OJK ; BEI
                             Subsidiaries
    71        06 Apr 2023    Registration Activity Report as of March 2023                                               OJK ; BEI
    72        06 Apr 2023    Follow-up to OJK Letter SR-14/PB.0211/2023                                                  OJK




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                                          Corporate Governance




 Letter
              Date                                                 About                                                  Receiver
Number
      73   10 Apr 2023     Foreign Currency Debt Report as of March 31, 2023                                        OJK ; BEI
      75   12 Apr 2023     Request for fit and property test of Independent Commissioners of PT. Bank Mega Tbk      OJK
      81   27 Apr 2023     Submission of Annual Report PT Mega Corpora (Parent Company PT Bank Mega Tbk)            OJK Pasar Modal ; BEI
      82   27 Apr 2023     Submission of Annual Report PT Mega Corpora (Parent Company PT Bank Mega Tbk)            OJK Pengawas
      83   28 Apr 2023     Publication of PT Bank Mega Tbk Financial Report as of 31 March 2023                     OJK ; BEI
      84   28 Apr 2023     Submission of interim financial report as of March 2023                                  OJK ; BEI
      85   02 Mei 2023     Follow-up to OJK Letter No. SR-14/PB.0211/2023                                           OJK
      86   09 Mei 2023     Registration Activity Report as of April 2023                                            OJK ; BEI
      87   10 Mei 2023     Foreign Currency Debt Report as of April 30, 2023                                        OJK ; BEI
      88   15 May 2023     Confirmation of the Attendance of the Candidate for Vice President Director of PT        OJK
                           Bank Mega Tbk
      89   15 May 2023     Confirmation of the Attendance of the Candidate for Vice President Director of PT        OJK
                           Bank Mega Tbk
      91   17 May 2023     Completeness of Capability and Conformity Assessment Document for the Nomination         OJK
                           of Vice President Director of PT Bank Mega Tbk
      96   31 May 2023     Completeness of Capability and Proper Test (PKK) Documents for the Appointment of        OJK
                           Vice President Director of PT Bank Mega Tbk
      98   06 Jun 2023     Registration Activity Report as of May 2023                                              OJK ; BEI
      99   08 Jun 2023     Foreign Currency Debt Report as of May 31, 2023                                          OJK ; BEI
  100      12 Jun 2023     Effective Report (Reporting the Appointment of Vice President Director of PT Bank        OJK
                           Mega Tbk)
  101      13 Jun 2023     Follow-up to OJK Letter No.SR-20/PB.0211/2023 (Level 2 Certificate)                      OJK
  102      13 Jun 2023     Submission of Report on the Appointment of Vice President Director of PT Bank Mega Tbk   OJK (Data dan
                                                                                                                    Informasi dan
                                                                                                                    Konglomerasi Keuangan)
  104      03 Jul 2023     Confirmation of Attendance of PT Bank Mega Tbk Management Candidates                     OJK
  106      07 Jul 2023     Foreign Currency Debt Report as of June 30, 2023                                         OJK ; BEI
  107      07 Jul 2023     Registration Activity Report as of June 2023                                             OJK ; BEI
  108      12 Jul 2023     Confirmation of Attendance of PT Bank Mega Tbk Management Candidates (Change             OJK
                           in Mr. Hizbullah’s Schedule)
  110      14 Jul 2023     Submission of Financial Literacy and Inclusion Reports                                   OJK
  111      24 Jul 2023     Completion of Fit and Proper Test Documents for the Appointment of Independent           OJK
                           Commissioners of PT Bank Mega Tbk
  112      31 Jul 2023     Submission of the Report on the Appointment of Independent Commissioners of PT           OJK
                           Bank Mega Tbk
  113      31 Jul 2023     Submission of Interim Financial Report June 2023                                         OJK ; BEI
  114      31 Jul 2023     Publication of PT Bank Mega Tbk’s Financial Report as of June 30, 2023                   OJK ; BEI
  116      07 Agus 2023    Commissioner’s Statement Letter                                                          OJK
  117      07 Agus 2023    Registration Activity Report as of July 2023                                             OJK ; BEI
  118      07 Agus 2023    Organizational Structure Report PT. Bank Mega Tbk                                        OJK ; BEI
  119      08 Agus 2023    Foreign Currency Debt Report as of July 31, 2023                                         OJK ; BEI
  123      15 Agus 2023    Advertising disclosure of information on the financial reports of PT Mega Corpora and    OJK ; BEI
                           Subsidiaries
  125      28 Agus 2023    Update Report on Beneficial Ownership Data of PT Bank Mega Tbk                           OJK
  128      01 Sep 2023     Changes in the composition of the Audit Committee                                        OJK ; BEI
  130      07 Sep 2023     Registration Activity Report as of August 2023                                           OJK ; BEI
  131      08 Sep 2023     Foreign Currency Debt Report as of August 31, 2023                                       OJK ; BEI
  132      10 Oct 2023     Registration Activity Report as of September 2023                                        OJK ; BEI
  133      10 Oct 2023     Foreign Currency Debt Report for the period ending September 30, 2023                    OJK ; BEI
  134      30 Oct 2023     Submission of financial literacy and inclusion reports                                   OJK




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                                                                                      PT BANK MEGA Tbk        2023 Annual Report




  Letter
                 Date                                                About                                            Receiver
 Number
    135       31 Oct 2023    Submission of Interim Financial Reports as of 30 September 2023                    OJK ; BEI
    136       31 Oct 2023    Publication of PT Bank Mega Tbk financial reports as of 30 September 2023          OJK ; BEI
    137       08 Nov 2023    Registration activity report as of October 2023                                    OJK ; BEI
    138       10 Nov 2023    Foreign Currency Debt Report as of October 31, 2023                                OJK ; BEI
    139       24 Nov 2023    Explanation of Securities Transaction Volatility                                   BEI
    140       30 Nov 2023    Submission of the 2024 Financial Literacy and Inclusion Plan Report                OJK
    141       30 Nov 2023    2024 Education Plan and Implementation Report                                      BI
    142       11 Des 2023    Registration Activity Report as of November 2023                                   OJK ; BEI
    143       11 Des 2023    Foreign Currency Debt Report as of November 31, 2023                               OJK ; BEI




Internal Audit
Pursuant to POJK No. 56/2015 on the establishment of                       Duties and Responsibilities
an internal audit unit and guidelines for the preparation                  In accordance with POJK no. 1/2019, Bank Mega has
of an internal audit unit charter, the internal audit unit is              defined the duties and responsibilities of the Internal Audit
a working unit within an issuer or public company that                     Department, as set out in the Internal Audit Department
performs the internal audit function. Specifically, through                Charter, as follows:
POJK No. 1/2019 on the Implementation of the Internal                      • To prepare and implement the annual audit work plan
Audit Function in Commercial Banks, the OJK states that                        (RKAT) and allocate the budget for the implementation of
internal audit is an independent and objective activity                        the internal audit function, where the RKAT and budget
that provides confidence and consultation, with the aim of                     allocation are approved by the President Director and
increasing value and improving bank operations, through                        the Board of Commissioners, taking into account the
a systematic approach. by evaluating and improving the                         recommendations of the Audit Committee;
effectiveness of the bank’s risk management, control and                   • Assist the President Director and the Board of
governance processes.                                                          Commissioners in providing oversight by explaining
                                                                               operationally the planning, implementation, and
Internal Audit Charter                                                         monitoring of audit results;
In accordance with the aforementioned POJK, Bank Mega                      • Analyze, evaluate, assess, and test, through audits, the
has prepared an Internal Audit Unit Charter, which was                         adequacy and effectiveness of the implementation of
ratified by the Bank’s Directors and Deputy Directors, as                      governance, risk management, and internal control in
well as the Chairman of the Audit Committee on April                           the areas of finance, accounting, operations, human
18, 2022. This Charter regulates the following important                       resources, information technology, marketing, and
matters: Scope and function, structure and position,                           other activities;
duties and responsibilities, authority, relationship between               • Identify all opportunities to improve and increase the
the Internal Audit Department and the business units                           efficiency of the use of resources and funds;
performing internal control functions, requirements for                    • Provide objective and corrective recommendations on
internal auditors, code of ethics, prohibition of holding                      audited activities to all levels of management;
concurrent duties and positions, accountability of the                     • Monitor, analyze, and report on the implementation
Internal Audit Department, responsibility and accountability,                  of follow-up improvements agreed upon with the
independence in providing consulting services or other                         management of the audited entity;
special tasks, and coordination with external auditors.                    • Carry out special audits when necessary, provided that
                                                                               independence is not compromised;
                                                                           • To perform its functions as an integrated internal audit
                                                                               work unit, refer to the Integrated Governance Guidelines
                                                                               for the PT Mega Corpora Financial Conglomerate:




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                                          Corporate Governance




      a. Oversee the conduct of internal audits in each          of the Board of Commissioners, taking into account the
         related financial services institution (LJK) in the     recommendations of the Audit Committee, and reports to
         financial conglomerate;                                 the OJK. The IADT Charter also provides that the Head of
      b. Submit monitoring reports on the conduct of             Internal Audit is directly subordinate to and responsible
         integrated audits to the director in charge of          to the President Director and may communicate with the
         supervising the LJK in the financial conglomerate       Directors, the Board of Commissioners, and the Audit
         and to the board of commissioners of the parent         Committee to provide information on various matters related
         company, as well as to the director in charge of        to audit activities. The internal auditors are progressively
         the compliance function of the parent company.          responsible through the Audit Section Leader to the IADT
                                                                 Head as shown in the following chart:
Organizational Structure and Composition of the Internal
Audit Unit
Bank Mega’s Internal Audit Department (IADT) is headed
by the Head of Internal Audit, who is appointed and
dismissed by the President Director with the approval




                                                    PRESIDENT DIRECTOR




                                                    INTERNAL AUDIT HEAD




                                                                                                              SECRETARY




                                        HEAD OFFICE
  REGIONAL AUDIT HEAD                                                 INTERNAL AUDIT HEAD                   INTERNAL AUDIT
                                        AUDIT HEAD




                                                                                                          AUDIT PANNING,
       REGIONAL AUDIT                   HEAD OFFICE
                                                                        IT AUDIT AUDITOR               QUALITY ASSURANCE &
          AUDITOR                      AUDIT AUDITOR                                                    INTEGRATION HEAD




Profile of the Head of Internal Audit                            Number of Auditors
Aloysius Ary Satrio has been appointed Head of Internal          As of December 31, 2023, the IADT is supported by
Audit effective October 1, 2020. His profile is described        resources, most of which are risk management certified,
in the “Profile of an Executive Officer” section of the          as follows:
Company Profile chapter of this Annual Report.


 No       Risk Management Certification                  Total Employees                             Description
  1                     Level 1                                  25                    Auditor/Specialist
  2                     Level 2                                  2                     Auditor
  3                     Level 3                                  4                     Head of Audit Department/ Team Leader
  4                     Level 4                                  2                     IADT Head/Team Leader
 5.                    Not Yet                                   7                     Auditor/Specialist/IADT Secretary
                        Total                                    40




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                                                                                             PT BANK MEGA Tbk             2023 Annual Report




Independence of Internal Audit                                                 •    Free from any conflict of interest with respect to
The Charter of the Internal Audit Unit requires each                                the subject matter or activity being audited; if the
member of the Internal Audit Unit to meet independence                              Internal Auditor has a conflict of interest, the individual
requirements. The independence of each member                                       is required to disclose the relationship so that he or
of the Internal Audit Unit can be measured by the                                   she is not assigned to perform audit activities on the
following requirements:                                                             subject matter or activity in question;
• Freedom to determine the method, scope, methods,                             •    Perform no operational activities outside of the internal
     techniques, and approach of the audit to be performed                          audit function.
     and to report the results;
• Able to express opinions and thoughts without
     influence or pressure from any party;



Training During the Fiscal Year
Regular and continuous improvement of the quality of human resources skills will be carried out by the Internal Audit
Unit through the inclusion of seminar and training programs during 2023 consisting of:


                                  Name of Training/ Seminar/Workshop                                                        Total Employees

 New Employee Induction Program (NEIP) 2023 Training                                                                                2

 Risk Management Certification Refreshment                                                                                          5

 Webinar to learn more about the provisions of the P2SK Law in the context of strengthening the banking sector                      1

 Webinar on insurance guarantee and restoring public confidence in the insurance industry in Indonesia                              1

 Corporate Outbound Training 2023                                                                                                  33

 IAIB National Conference 2023: The Future Role of Internal Audit in the Financial Services Industry                                2

 Bank Internal Audit Certification Refreshment Program Auditor Level - Bank Fraud Prevention and Mitigation (Compliance             1
 & Operational Risk)

 Workshop on the Implementation of APU, PPT and PPPSPM Program Provisions in Support of Reporting Obligations                       1
 to PPATK

 Webinar Beware of New Style Fraud Modes                                                                                            4

 Bank Mega Cyber Security Awareness and Resilience                                                                                  2

 Table Top Cyber Resilience Exercise at Bank Mega pursuant to SEOJK No. 29/SEOJK.03/2022                                            2

 Socialization of the Law No. 27 of 2022 on the Protection of Personal Data                                                         5

 Leadership in a Changing Atmosphere Webinar                                                                                        2

 Socialization of Company Regulations for the Period 2023 - 2025                                                                    2

 IIA Indonesia National Conference                                                                                                  2

 Webinar Improving Financial Performance through Data Analytics                                                                     3

 Webinar on Leveraging the Internet of Things (IoT) in the Financial Services Industry                                              7

 Webinar on Opportunities and Challenges of Fintech P2P Lending in the Era of P2SK Law                                              2

 Webinar on Managing Environmental, Social and Governance Risks and Opportunities                                                   1

 Refreshment Report on Compliance Assessment Results (LHPK) of the Payment System and Financial Market Infrastructure               1
 of Bank Indonesia and the National Black List Management Office (SP & FMI BI and KPDHN) in 2023




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                                          Corporate Governance




Implementation of the activities of the Internal Audit Unit      4. Conducted APU PPT audits, risk management, anti-
The Internal Audit Unit has performed its duties and                fraud, and consumer services and protection for 3
responsibilities throughout the year 2023. The work                 branches/sub-branches.
program and work implementation of the Internal Audit            5. Conducted Information System Technology (TSI) Audits
Unit for this year are as follows:                                  of 9 Mandatory Regulators, 2 Mandatory Information
1. Conducted operational and business audits of 74                  Technology Service Providers (PJTI) and 8 Applications.
    Regional Offices/Branches/Sub-Branches.                      6. Monitored audit findings for all auditees.
2. Conducted audits of 28 departments, thematic                  7. Monitored the implementation of internal audits for
    audits, and mandatory regulatory audits at the Non-             10 financial services institutions (LJK) in the Mega
    Operational Head Office (KPNO).                                 Corpora group.
3. Conducted Mega Oto Joint Financing (MOJF) audits              8. Acted as counterpart of Bank Indonesia/Financial
    at 6 partner offices.                                           Services Authority.




Compliance Function
Pursuant to POJK No. 46/POJK.03/2017 on the                      arise from advances in information technology, globalization
Implementation of the Compliance Function of Commercial          and financial market integration. The Compliance function
Banks, the Compliance Function is a set of preventive            also ensures compliance with various laws and regulations,
(prior) measures or steps to ensure that the policies,           as well as commitments to competent authorities.
regulations, systems and procedures, as well as the business
activities conducted by the Bank, are in accordance with         Compliance Structure
the provisions of the Financial Services Authority and           Bank Mega has a director in charge of the compliance
statutory regulations, including the Shariah rules for Shariah   function (Director of Compliance & Human Capital)
commercial banks and Shariah business entities, as well          and a compliance work unit (Compliance & GCG) that
as to ensure compliance with the commitments made by             is independent from the operational work unit. The
the Bank to the Financial Services Authority and/or other        organization chart of the Compliance & Human Capital
competent supervisory authorities.                               Directorate is based on No.099/DIRBM/23 tanggal 31 July
                                                                 2023 and is effective from 1 August 2023.
The Compliance function plays an important role in
strengthening the Bank’s structure against risks that may



                                               COMPLIANCE & HUMAN CAPITAL

                                                     MANAGING DIRECTOR


                                                      COMPLIANCE & GCG

                                                             HEAD



                                                                                                         SECRETARY




  LIABILITIES & OPERATIONS POLICY                      CREDIT POLICY
                                                                                       GCG & GOVERNANCE INTEGRATION
      COMPLIANCE ASSURANCE                         COMPLIANCE ASSURANCE
              SPECIALIST                                  SPECIALIST                               SPECIALIST




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In performing the Compliance function, the Compliance              c. Special report (if there is a significant deviation from
Director, together with the Compliance Work Unit, has                 the provisions of the Financial Services Authority
prepared the following Compliance Report:                             (OJK)/Bank Indonesia and/or applicable laws and
1. Report to OJK:                                                     regulations) to the Financial Services Authority
    a. Semester I - 2023 Compliance Report via Letter                 (OJK).
        No. 044/DIR-CHC/2023 dated July 26, 2023.
    b. Semester II - 2023 Compliance Report via Letter         Implementation of the Compliance Function
        No.002/DIR-CHC/2024 dated January 22, 2024.            The Compliance Function has performed its duties and
2. Report to the President Director (copy to the Board         responsibilities throughout 2023. The work program and
    of Commissioners)                                          work implementation of the Compliance Function for this
    a. First Quarter 2023 Compliance Report via Service        year are as follows:
        Memo No. MD.018/DIR-CHC/23 dated May 2,                1. Review of Draft Policy
        2023.                                                      a. Review draft operational, credit, product and other
    b. Third Quarter 2023 Compliance Report via Service                internal policies.
        Memo No.MD.046/DIR-CHC/23 dated October                    b. Review draft policies related to the implementation
        24, 2023.                                                      of compliance and governance functions.
                                                               2. Oversee lending
Compliance Framework                                               a. Review proposals for credit applications with
1. Take steps to support the creation of a culture of                  certain limits and proposals for cooperation in
   compliance in all of the Bank’s business activities at              the distribution of credit (joint financing, etc.).
   all levels of the organization.                                 b. Monitoring credit quality.
2. Identify, measure, monitor and control compliance               c. Monitoring the achievement of the macroprudential
   risks by referring to the applicable regulations of the             ratio for inclusive financing (RPIM) and lending to
   Financial Services Authority (POJK) (in coordination                productive enterprises.
   with SKMR).
3. Ensure that the Bank’s policies and procedures and          3. Implementation of Compliance Socialization
   business activities are in compliance with the provisions      In an effort to increase employee awareness of
   of the Financial Services Authority (OJK), Bank                compliance risks and to promote and realize the
   Indonesia (BI) and applicable laws and regulations.            implementation of a compliance culture at all levels
4. Review and/or recommend updating and improving the             of the Bank’s organization and business activities.
   policies and procedures that the Bank has issued and/          The Bank, in this case CGCG, has implemented the
   or will issue so that they comply with the provisions of       following steps:
   the Financial Services Authority (OJK), Bank Indonesia         a. a. The direct socialization that has been carried
   (BI) and applicable laws and regulations.                           out is as follows:
5. Ensure that the Bank complies with the commitments                  i. Becoming a facilitator in training programs such
   made by the Bank to the Financial Services Authority                    as training for new employees (New Employee
   (OJK) / Bank Indonesia (BI) and/or other competent                      Induction Program) as well as employees who
   regulatory authorities.                                                 participate in career development programs
6. Conduct socialization on matters related to the                         (Development Programs) such as Mega
   Compliance Function and applicable policies                             Management Development Program (MMDP)
   and procedures.                                                         and Operation Supervisor Development
7. Serve as a point of contact for internal and external                   Program (OSDP). In 2023, there will also
   parties on compliance issues related to the Bank.                       be another training program, namely Basic
8. Create a compliance checklist for plans to issue                        Banking For IT.
   new products, synergistic cooperation within a                      ii. Organize socialization/training on improving
   Bank Business Group (KUB) and the Mega Corpora                          the implementation of Compliance and
   Financial Conglomeration.                                               Governance Culture for Regional Office and
9. Coordinate the preparation of reports related to                        Branch Office officials with discussion materials:
   compliance functions in accordance with the applicable                  Function of Compliance and Governance,
   regulations of the Financial Services Authority (OJK),                  Anti-Fraud Strategy, Implementation of APU
   such as:                                                                PPT & PPSPM and Operations.
   a. Compliance report as required by applicable
        Financial Services Authority (OJK) regulations.            b. Indirect socialization is done in the following ways:
   b. Compliance work plan included in the Bank’s                     i. Through Bank Mega’s internal website
        business plan.                                                    accessible to all employees.



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                                           Corporate Governance




        ii. Preparation of Service Memos to all work units            a. Ensure that each operational/financial/credit
             and branches/sub branches regarding internal                activity is in compliance with applicable policies
             and external regulations, which are published               and procedures and the limits of authority granted.
             every month. During 2023, 12 such service                b. Ensure the implementation of dual control (check
             memos were prepared.                                        & balance) in various operational / financing
        iii. Prepare a reminder service memo to the                      / credit activities and is guided by the Bank’s
             work unit regarding the implementation of                   prudential principles.
             a provision that requires a review of internal           c. Ensure that each employee has performed his/her
             provisions and/or the preparation of an action              duties and responsibilities in accordance with his/
             plan for its implementation. In 2023, 44                    her job description.
             reminder service memos were issued.                      d. Enhance employee knowledge through ongoing
                                                                         discussion of policies and procedures and foster a
4. Prudential Supervision                                                culture of compliance and risk awareness.
   Monitoring compliance with OJK and BI regulations                  e. Provide suggestions/input for improvements
   and implementation of the Bank’s prudential                           to policies and procedures that are no longer
   principles in fulfilling capital, liquidity, lending limits,          appropriate/relevant to operational/financial/credit
   asset/credit quality, GWM and foreign exchange                        conditions, taking into account risks and prioritizing
   management requirements.                                              the Bank’s prudential principles.
                                                                      f. Verification of the completeness of the documents
5. Development of the Bank’s Operational Activities                      of the Synergy Cooperation Agreement concluded
   Based on the analysis of the Internal Audit Findings                  by Bank Mega with the Banks of the Bank
   Report in the areas of Operations, Funding, and Credit                Business Group.
   for 2023, 39 coaching service memos were prepared
   for the heads of work units at Headquarters, Regional
   Offices, and Branch Offices to improve the supervision
   and coaching function.
   Guidance through service memos is an effort to reduce
   repeat audit findings (same findings in multiple offices)
   and high risk, which is expected to improve a culture of
   compliance where all work unit leaders at headquarters,
   regional, and branch offices are expected to:




Internal Control System
The Internal Control System (ICS) is an important component       Basis for Determination
of bank management and is the basis for sound and safe            The basis for determination of Bank Mega’s SPI is based on
bank operations. An effective internal control system can         OJK Circular Letter No. 35/SEOJK.03/2017 on guidelines
assist management in safeguarding the Bank’s assets,              for internal control standards for commercial banks. By
ensure the availability of reliable financial and management      implementing the SPI, it is hoped that the Bank will be able
reporting, enhance compliance with applicable laws and            to support the achievement of its Vision and Mission and
regulations, and reduce the risk of losses, irregularities,       increase value for various stakeholders, while complying
and violations of regulatory requirements.                        with various applicable laws and regulations and minimizing
                                                                  the risk of loss.




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                                                                         PT BANK MEGA Tbk       2023 Annual Report




It is the shared responsibility of all management and             Development & Support within the Process
employees of the Bank to implement risk management                Management & Operations Control (PMOC) Work Unit
and internal control systems. Risk awareness continues to         to perform monitoring activities to be more focused,
be instilled at all levels of the organization. Bank Mega         structured, effective and efficient.
periodically reviews the adequacy of segregation of duties,   •   Become a reference for related work units (Internal
dual control/dual custody, policies and procedures for            Audit and other) in implementing the internal
implementing the internal control system to provide               control scheme.
reasonable assurance.
                                                              In practice, Operations Control is linked to the Defense
Compliance with the implementation of the internal            Line Work Unit in order to implement a good internal
control system with COSO (Internal Control Framework)         control system. The Operations Control Work Unit works
Bank Mega follows the COSO (Committee of the                  with the Controlling Work Unit through the Three Lines
Sponsoring Organizations of the Treadway Commission)          of Defense (TLD) concept. The first line is operational
Internal Control Integrated Framework to ensure the           defense, the second line is risk management, and the
adequacy of operational and financial controls, financial     third line is IADT.
reporting, operational effectiveness and efficiency, and
compliance with applicable laws and regulations. In this      The role of Operations Control in the TLD concept is to act
case, internal control is a system or process that is also    as an independent assessor of the First Line (Operational
used by a company’s board of directors, management,           Implementation Work Unit) by providing reasonable
and employees to achieve control objectives.                  assurance regarding the implementation of controls and
                                                              operational risk management.
Financial and Operational Control
Bank Mega implements an internal control system that          Findings that indicate fraud by the Process Management
consists of two important aspects, namely Operational         & Operations Control Work Unit are communicated to
Control and Financial Control. The internal control over      the Fraud Control Work Unit. If the findings are proven
the Bank’s operations and financial reporting is carried      to be fraud, the resolution process is carried out by the
out with reference to the international reference COSO -      Fraud Control unit.
Internal Control Integrated Framework, which includes 5
(five) control components, namely:                            Evaluation of the Effectiveness of the Internal Control
1. Control environment                                        System
2. Risk assessment                                            Bank Mega is implementing an internal control system in
3. Control Activities                                         accordance with the Internal Control Integrated Framework
4. Information and communication; and                         issued by COSO. Control activities are initially planned
5. Monitoring activities.                                     and implemented to control risks that could affect the
                                                              Bank’s performance or result in losses. Issues related
In addition, Bank Mega has an internal inspection and         to the adequacy of internal control are reported to the
control policy through operational control. The purpose       Board of Directors, the Board of Commissioners and the
of this policy is to:                                         Audit Committee, and follow-up actions are taken to
• Establish procedures for inspection and internal control    minimize risks.
    by Branch Operations Control, Unit Headquarters
    & Jakarta Operations Control and Unit Operations




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                                          Corporate Governance




Implementation of Other
Corporate Governance
         Implementation of Anti-Money Laundering and Counter-Terrorism Financing/Financing of Proliferation
         of Weapons of Mass Destruction (APU PPT/PPSPM)



The implementation of the APU PPT/PPSPM program                  6. Procedures for rejecting account openings, rejecting
is an obligation for all parties, especially for banks. As           transactions, and closing accounts.
financial service providers, banks are required or obligated     7. Procedures for performing APU PPT/PPSPM
to mitigate the risk of being used by perpetrators of                risk assessment.
the crimes of money laundering (TPPU) and terrorism              8. Fund transfer procedures.
financing/proliferation financing (TPPT/PPSPM). Therefore,       9. Cross-Border Correspondent Banking (CBCB)
the commitment of all parties is required to support the             procedures.
regime for the eradication of money laundering and               10. Procedures for implementation of LTKT, LTKL, LTKM/
terrorist financing/proliferation financing.                         LTKMP reporting.
                                                                 11. Procedures for reporting the implementation of the
Bank Mega, as one of the national private banks with a wide          APU PPT/PPSPM program to management.
network in the territory of the Republic of Indonesia (Unitary
State of the Republic of Indonesia), has a high potential        Socialization of the Implementation of the APU Program
risk of being used as a means for money laundering and           and Prevention of Terrorist Financing
terrorism financing crimes/proliferation of weapons of           Bak Mega is playing an active role in the socialization of the
mass destruction. Therefore, Bank Mega has attempted to          implementation of the APU program and the prevention
prevent and mitigate risks through the implementation of         of terrorism financing to the public. The Bank urges the
the APU PPT/PPSPM program with a risk-based approach/            public to be cautious and understand that they can become
RBA.                                                             passive actors by receiving or controlling the placement,
                                                                 transfer, payment, grant, donation, custody and exchange
APU Program Implementation Policies and PPT/PPSPM                of criminal funds without informing the authorities.
Procedures
Pursuant to OJK Regulation (POJK) No. 12/POJK.01/2017,           The public can play an active role by avoiding entrusting
as amended by POJK No. 23/POJK.01/2019, on the                   financial transactions; protecting personal identity
Implementation of the APU PPT Program in the Financial           from being misused for transactions by irresponsible
Services Sector, Bank Mega has a policy and procedure            parties; supporting and following the basic process
for the implementation of the APU PPT/PPSPM Program              of recognizing service users carried out by financial
that is consistent with and in accordance with the relevant      service institutions in a cooperative manner; providing
OJK Regulations, which includes, among other things:             information to the PPATK if they are aware of any actions
1. Implementation of the pillars of the APU PPT/                 that indicate money laundering, financing of terrorism
    PPSPM Program.                                               and financing of proliferation of weapons of mass
2. Customer Due Diligence (CDD) and/or Enhanced Due              destruction; and confirming and more closely examining
    Diligence (EDD) procedures for Prospective Customers/        fundraising activities.
    Customers/Beneficial Owner (BO)/Walk In Customer
    (WIC).                                                       Bank Mega has also made this socialization in the form of
3. Mandatory screening procedures.                               a video that can be accessed through the bank’s website,
4. Procedures for monitoring customer profiles,                  namely https://bankmega.com/id/tangan-kami/tata-kelola-
    monitoring customer transactions and monitoring              usaha-new/ or through the YouTube link: https://www.
    Walk In Customers (WIC).                                     youtube.com/watch?v=TQIyC3wBRNk.
5. Procedures for customer data update programs.




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APU, PPT and PPPSPM Programs in 2023                                 PPT, and PPPSPM programs through certification,
A risk-based APU, PPT and PPPSPM work program has                    refresher, outreach, and training.
been implemented to support the implementation of the            10. Improve the quality of submission of Suspicious
provisions of the APU, PPT and PPPSPM program at Bank                Financial Transaction Reports (LTKM), Cash Financial
Mega, which is outlined in the following points:                     Transaction Reports (LTKT), Financial Transaction
1. Conduct a risk assessment for TPPU and TPPT/                      Reports on Transfers of Funds to and from Overseas
    PPSPM in the branch operational network using a                  (LTKL), and Integrated Service User Information System
    risk-based approach by assessing inherent risk and               (SIPESAT) in accordance with regulatory requirements.
    control effectiveness.                                       11. I m p ro v e t h e a p p l i c a t i o n s s u p p o r t i n g t h e
2. Prepare and/or make adjustments to internal                       implementation of APU, PPT and PPPSPM programs,
    regulations related to the implementation of the                 including the development of internal applications to
    APU, PPT and PPPSPM programs in accordance with                  be used to support reporting obligations according
    applicable external regulations.                                 to PPATK goAML requirements.
3. Provide opinions, assistance and discussions to               12. Establish and maintain good relations, cooperation
    business units regarding the implementation of the               and coordination with regulators and law enforcement
    APU, PPT and PPPSPM programs.                                    agencies, particularly in fulfilling customer data and/
4. Provide regular support to all branches by distributing           or information requests.
    data lists containing data to be followed up and/or          13. Play an active role in work programs or activities
    corrected (data up-dating).                                      organized by the regulator to which the activities in
5. Periodically conduct a data updating program in                   question relate:
    accordance with applicable regulations, and to require           a. Implementation of FIR on ML/TF (Financial
    banks to annually report to the OJK the target and                    Integrity Rating on Money Laundering & Terrorism
    implementation of customer data updating.                             Financing) PPATK
6. In order to comply with the screening obligations,                     • The FIR on ML/TF is an assessment through the
    the Bank has 8 (eight) types of data sources, namely                      completion of a questionnaire, as evidenced
    a. List of Suspected Terrorists and Terrorist                             by the relevant attachments, followed by an
         Organizations and Proliferation Financiers of                        in-depth interview. The measurements are
         Weapons of Mass Destruction.                                         based on qualitative and quantitative data
    b. List of Politically Exposed Persons (PEPs) and                         related to the assessment of the reporting
         PEP Associates.                                                      party’s integrity in supporting the effectiveness
    c. List of online gambling operators.                                     of the implementation of the APU, PPT and
    d. List of unlicensed online lenders (Illegal Pinjol).                    PPPSPM programs.
    e. List of names issued by the Authority in connection
         with the prohibition on providing banking facilities.       b. Implementation of the Survey and Assessment
    f. OFAC (Office of Foreign Assets Control) List.                    of the PPATK Performance Effectiveness Index in
    g. UN (United Nations) List.                                        Efforts to Prevent and Eradicate Money Laundering
    h. EU Sanctions Lists.                                              (TPPU) and Terrorist Financing (TPPT) Crimes in the
         In addition to being performed upon the acceptance             Banking Sector in 2023
         of new customers, the screening obligation will be             • The Index is intended as a periodic monitoring
         performed periodically in accordance with the                      and evaluation tool of the performance of the
         customer data update schedule.                                     PPATK in the previous 1 (one) year through
7. Implementation of APU, PPT and PPPSPM program                            a national survey targeting stakeholders of
    training for new employees through onboarding                           the APU PPT (Anti-Money Laundering and
    training activities, and also monitoring the achievement                Prevention of Terrorism Financing) Regime
    of participation in the 2023 version of e-learning for                  who have cooperated with or received PPATK
    employees who are on the list of those required to                      products/outputs.
    participate in the respective e-learning.                               The survey was conducted simultaneously
8. Create an AML forum with various discussion topics                       across the country using web/online data
    presented in the form of questions and answers                          collection applications with the assistance
    (Q&A) to facilitate the industry’s understanding of the                 of independent surveyors with extensive
    implementation of the provisions of the APU, PPT and                    experience and expertise. The survey was
    PPPSPM programs.                                                        conducted from July 26 to August 11, 2023.
9. Increase the competency and awareness of all levels
    of Bank Mega’s employees, especially AMLA Division
    employees, regarding the implementation of the APU,



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  c. Commemoration of the 2nd Decade of the National        Challenges in Implementing the 2024 APU, PPT and
     APU PPT Movement                                       PPPSPM Program Provisions
     • Bank Mega’s participation in supporting this         With the increasingly rapid development of digital
        commemoration includes                              technology supported by the digitalization era, financial
        i. Socialization support in the form of             service users have the freedom to conduct transactions
             making standing banners for 20 years of        anywhere and anytime. These conditions will undoubtedly
             APU PPT Movement to be placed in all           pose great and diverse challenges to the effective
             regional offices;                              implementation of the provisions of the APU, PPT and
        ii. Publicity support in the form of a 20 Years     PPSPM programs. In order to minimize these challenges,
             of APU PPT Movement flyer that was             Bank Mega anticipates the obligation to have a reliable
             published on Bank Mega WEB; and                support system for the implementation of APU, PPT
        iii. echnical support in the form of planting       and PPPSPM programs and the support of qualified
             trees for 20 years of APU PPT Movement.        human resources (HR) both in terms of competence and
             The tree planting was conducted together       sufficient number.
             with 9 other banks under the coordination
             of FKDKP (Banking Compliance Director          Apart from the things that need to be fulfilled internally by
             Communication Forum) in Ngargoretno            Bank Mega, the support of relevant government institutions/
             Village, Magelang Regency, Central Java.       agencies/authorities to support the effectiveness of the
             Bank Mega will participate in planting         client onboarding process in the financial services sector
             100 bamboo trees every year for 5              obviously plays an important role in supporting the
             consecutive years.                             implementation of the APU, PPT and PPPSPM programs
                                                            as a whole.




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Insider Trading Prevention Policy

The policy for the prevention of insider trading is explained   corporate activities other than the salary and allowances
in the Integrity Commitment Guide signed by the Board of        received from the corporation, including insider trading.
Commissioners and Directors of Bank Mega. In this policy,
it is specified that insider trading is a trading transaction   Insider trading is also prohibited for employees as
that is carried out for personal gain or for internal parties   explained in Point G No. 14. The attitudes and behaviors
of the Bank on the basis of information that is not within      that are prohibited for employees include taking personal
their rights. This action is prohibited for directors as        advantage of Company activities other than the salary
stated in Section F, Prohibited Actions of Directors, No.       and benefits received from the Company, including
9, which explains the attitudes and conduct prohibited          insider trading.
for the Board of Directors is to take personal profit from




Anti-Corruption and/or Fraud Policy
The anti-corruption and/or anti-fraud policy is also            Fighting corruption and/or fraud is one of Bank Mega’s
explained in the Integrity Commitment Guide signed              main concerns, so it is the 3rd Commitment of Bank
by the Board of Commissioners and Directors of Bank             Mega’s Management and Employees, which states that
Mega. In this Integrity Commitment Guide it is stated that:     Bank Mega’s Management and Employees are obliged to
Corruption is an act committed fraudulently or against the      create a working environment that is free from corruption,
law by members of the Board of Directors, members of the        bribery and/or fraud related to the position or position in
Board of Commissioners, Bank Management, managers or            Bank Mega’s organizational structure.
employees of the Bank, which is contrary to the interests
of the Bank, or the abuse of the authority of the position/     In addition, the Integrity Commitment Guide also sets forth
trust given to them with the aim of enriching themselves        the obligations of the Board of Commissioners (item 15),
or other people or certain groups.                              the obligations of the Board of Directors (item 15), and
                                                                the obligations of employees (item 19) to avoid conflicts
Meanwhile, Fraud is an act of deviation or omission that is     of interest in performing their duties and creating a work
deliberately carried out to deceive, mislead or manipulate      environment free from acts of corruption and/or fraud.
the Bank, Customers or other parties, which occurs within
the Bank and/or using the Bank’s facilities, thereby causing
the Bank, Customers or other parties to suffer losses. and/
or the perpetrator of the Fraud obtains financial benefits,
either directly or indirectly.




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Operational Policy for the Protection of
Consumer Assets, Privacy and Data within the
Framework of the Protection of Consumers
and Public

Consumer and Community Protection is an effort to provide                   •   Using personal data and/or information of potential
knowledge and understanding of the Bank’s products and/                         consumers whose application to use products and/or
or services that are used or exploited by Consumers and/                        services has been rejected by the Bank; and/or
or the Community, and an effort to provide legal certainty                  •   Use of personal data and/or information of potential
to protect Consumers in the fulfillment of Consumer rights                      consumers who apply to use products and/or services.
and obligations at the Bank. To maintain the confidentiality
and security of consumer data and/or information, banks                     The Bank is required to conduct self-assessments of the
are required to:                                                            provisions, implementation and evaluation related to
• Establish functions responsible for protecting Consumer                   protection against misuse of assets, privacy and consumer
    Data and/or Information                                                 data, as regulated by the self-assessment prescribed by
• Reliable information system to support the                                the OJK. The business unit responsible for the provisions,
    implementation of consumer data and/or information                      implementation, and evaluation related to protection
    protection                                                              against misuse of assets, privacy, and consumer information
• Mechanisms and procedures for protecting consumer                         is the business unit that handles the credit card support
    data and/or information.                                                business; business financing; business credit support;
                                                                            treasury and financial institution business; capital market
Banks are also prohibited from:                                             business; IT infrastructure; and provisioning.
• Disclosing personal data and/or information about
   consumers to third parties;                                              2023 Service Report and Handling of Customer Complaints
• Requiring consumers to agree to share personal data                       The following table explains the service reports and
   and/or information as a condition of using products                      consumer complaints received by Bank Mega, which will
   and/or services;                                                         then be followed up with the complaint handling process
• Using for commercial purposes personal data and/or                        up to the period ending on December 31, 2023.
   information of consumers who have terminated their
   agreement with the bank’s products and/or services;




                                                                                   Completion Status
         Product Type and/
 No                                   Total           Completed                      Not completed                in the process
            or Services
                                                   Total        Percentage          Total      Percentage       Total      Percentage

 1.    Deposit                          4              3             75%                0           0%              1           25%

 2.    Savings                        254            225             89%                0           0%             29           11%

 3.    Working Capital Credit/          9              9             100%               0           0%              0            0%
       Financing

 4.    Motorcycle Credit/              54             49             91%                0           0%              5            9%
       Financing (Credit/
       Consumption Financing)

 5.    Credit/Ownership Financing       1              1             100%               0           0%              0            0%
       House/Apartment




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                                                                                 Completion Status
         Product Type and/
 No                                    Total          Completed                   Not completed                 in the process
            or Services
                                                 Total      Percentage           Total     Percentage       Total      Percentage

 6.    ATM/Debit Card/ATM             1091        1067            98%               0            0%              24          2%
       Machine

 7.    Credit card                    2012        1797            89%               0            0%             215         11%

 8.    Clearing                         1             1        100%                 0            0%               0          0%

 9.    Electronic Banking               1             1        100%                 0            0%               0          0%

 10.   E-Commerce                      95             83          87%               0            0%              12         13%

 11.   SMS Banking/Mobile             1130        1105            98%               0            0%              25          2%
       Banking

 12.   Funds transfer                 1891        1877            99%               0            0%              14          1%

 13.   Bancassurance                    6             6        100%                 0            0%               0          0%

 14.   Other Collaboration Products     1             1        100%                 0            0%               0          0%

 15.   Wealth Management                1              1       100%                 0            0%               0          0%

 16.   Safe Deposit                     3              2          67%               0            0%               1         33%

       Total                          6554     6228         95%              0             0%             326          5%




Whistleblowing System
System as a form of implementation of the principles of                 strategy, the reporter (whistleblower) can submit complaints/
good corporate governance. This system is implemented to                information through the Whistleblowing System, which can
create awareness among employees and other stakeholders                 be accessed through the following media:
to disclose possible violations without fear in order to                • Whistleblowing System application, which can be
create a clean, safe and transparent business environment.                   accessed through Bank Mega’s Intranet (Megaweb),
                                                                             namely megaweb.bankmega.local and Bank Mega’s
Whistleblowing System Mechanism                                              website, namely www.bankmega.com.
Based on the provisions written in the SK No. 084/
DIRBM/2022 on the implementation of the anti-fraud




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                                                  Corporate Governance




  •     Email, which can be sent to fbi@bankmega.com or to                       1. The CFIN Work Unit submits a request to the Board
        any of the Banking Fraud staff email addresses.                             of Directors to provide guaranteed protection to the
  •     Telephone, which can be reached on the landline                             whistleblower (who is involved in cases of fraud and
        number +62 21-791500 ex. 15.112, 15.212 dan 15.215.                         causing losses to the Company). The guarantees of
        Telephone Number/SMS/Whatts App (WA) : 0822-                                protection provided include:
        0822-0500 dan 0822-0822-1999.                                               a. Protection against physical and/or psychological
  •     Verbally, which can be delivered/delivered to the                                threats from superiors or perpetrators.
        address: Crime & Fraud Investigation (CFIN) Work                            b. Legal assistance to the whistleblower in the event
        Unit, Menara Bank Mega Lt. 15 Jl. Captain Tendean                                of legal opposition from the whistleblower.
        Kav 12-14A Jakarta 12790.                                                   c. Disguise or conceal the reporter, unless the reporter
                                                                                         becomes a witness and the case proceeds to trial.
  This is regulated by Decree No. 084/DIRBM/2022 on                              2. Recommending to the Board of Directors, if necessary,
  the Implementation of Anti-Fraud Strategies to Facilitate                         the transfer of the whistleblower to a place of work that
  Complaints of Fraud Incidents, to Encourage/Awareness                             is considered safer, taking into consideration various
  of Bank Employees and Officials to Report Fraud                                   issues of safety, security and risks that may be faced
  Incidents. The Crime and Fraud Investigation (CFIN)                               by the whistleblower.
  department is responsible for the implementation of the                        3. The implementation of the protection of whistleblowers
  whistleblower system.                                                             will be monitored by CFIN.

  Whistleblower Protection                                                       The Complaint Handling Process
  In order to increase the effectiveness of the whistleblower,                   The complaint handling process is outlined in the
  the reporter may submit a request for protection to the                        following diagram:
  CFIN Work Unit in the event of pressure and threats from
  related parties, with the following steps




           1                                                     2




        Whistleblower submitted its                  Incoming complaints are verified and
      complaint/information of fraud                          analyzed reports
      through whistleblowing system




               3                                                 4                                                       5




  If the results of the analysis do not reveal          If the results of the report concern                  If the results of the analysis find that
elements of fraud, the report is not followed       elements of the code of ethics, it will be                 there is one element of fraud, and/
     up and the reporter (whistleblower) is         forwarded to the work unit that handles                 or criminal elements, then the Crime &
 informed orally or in writing that the report        it (example: Human Capital Reward,                     Fraud Investigation Head instructs the
    does not meet the elements of Fraud.                 Operations & Services Work Unit)                   Investigation process to be carried out.




                                                                 7                                                        6




                                                         Imposition of SANCTIONS in                            The results of the investigation are
                                                     accordance with company regulations                    submitted to the President Director and
                                                        and applicable legal provisions.                      the Director related with the copy to
                                                                                                                  the President Commissioner/


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 No.                                                                           Process

   1.   The reporter (whistleblower) reports the suspected violations/fraud through the available means.

   2.   Incoming complaints are reviewed and the report is analyzed.

   3.   If the results of the analysis do not reveal elements of fraud, the report is not followed up and the reporter (whistleblower) is informed orally or in
        writing that the report does not meet the elements of Fraud.

   4.   If the results of the report include elements of the Code of Ethics, the report will be forwarded to the appropriate work unit. (example: Human
        Capital Rewards, Operations & Services).

   5.   If the results of the analysis indicate that there is an element of fraud and/or a criminal element, the Crime & Fraud Investigation Leader will initiate
        an investigation.

   6.   The results of the investigation will be reported to the President Director and appropriate Directors with a copy to the President Commissioner/
        Board of Commissioners.

   7.   Impose SANCTIONS in accordance with Company policies and applicable laws.



Complaint Handling Party                                                        Complaint Handling in 2023
All internal parties MUST report to CFIN if they witness,                       In 2023, the number of complaints received by the
know and/or find indications of Fraud within the company,                       whistleblowing system will be 105 case reports. From these
so that immediate handling and follow-up can be                                 reports, 90 cases are valid for investigation regarding fraud
carried out.                                                                    cases. There were 18 cases where the perpetrators were
                                                                                internal/bank employees, 69 cases where the perpetrators
All members of the CFIN Work Unit may receive all                               were external, and 3 cases where the perpetrators were
forms of reports of indications or incidents of fraud, with                     both internal and external. The types of cases dealt with in
a view to providing convenience and the widest access                           2023 are 46 cases of fraud, 9 cases of deception, 1 case of
to reporting parties.                                                           leakage of information, 1 case of misappropriation of assets
                                                                                and 33 cases of other actions. Of the 90 cases handled
All Heads of Work Units/Functional and Business Units                           by the CFIN, only 1 case is still open in 2023 because it
are required to report to the CFIN Work Unit any incident                       is still being investigated by the police.
or indication of fraud as soon as possible (1x24 hours).
                                                                                If the results of the analysis do not reveal elements of
The Crime & Fraud Investigation (CFIN) Work Unit has the                        fraud, the report is not followed up and the reporter
authority to handle all forms of cases indicated as fraud.                      (whistleblower) is informed orally or in writing that the
Reports of violations/indications of fraud received by the                      report does not meet the elements of Fraud.
CFIN Work Unit are not limited to verbal or written form,
but if there is other evidence in the form of recorded
images, sounds, photos, videos, documents or other
evidence, it will make the investigation process easier
and faster.




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                                              Corporate Governance




Code of Conduct

The Code of Ethics applicable to Bank Mega is included               Ethics in relation to stakeholders
in the in the Integrity Commitment. The main points of the           All Bank Mega employees must act objective, professional,
Integrity Commitment include, among others:                          independent and ethical and moral values, fair, transparent,
1. Integrity Commitment Charter                                      consistent and honesty, consistent, and maintain honesty
2. Management and Employee Commitment                                andfor the benefit of the company and its stakeholders.
3. Benefits of the Integrity Commitment
4. GCG Principles                                                    Violations and Sanctions
5. Work ethics and culture                                           Violations of the Integrity Commitment will be dealt with
6. Code of Ethics                                                    explicitly based on the company’s rules and policies of
7. Commitments of the Board of Commissioners,                        directors and applicable laws and regulations.
     Directors and Employees
8. Prohibitions for the Board of Commissioners, Directors            Corporate Culture
     and Employees, Conflicts of Interest                            Bank Mega’s corporate culture is formed from its core
9. Anti-Fraud Declaration                                            values, which are the basis for the implementation of the
10. Sanctions                                                        Bank’s management activities and all levels of its work
                                                                     units. In its application, the corporate culture is also
Socialization of the Code of Ethics                                  expected to be a guide for all employees of the Bank in
The Code of Ethics will be disseminated through the                  the performance of their duties and responsibilities in their
“E-Commitment Integrity” system with the implementation              efforts to achieve the goals set by the Bank.
process outlined in the Directors’ Circular No. SE 148/
Dirbm-PMOC/2020 dated August 24, 2020.                               Main Code of Ethics
                                                                     The main points of the Bank’s core values that are expected
Declaration of the Commitment Code of Ethics                         to be the culture are
The Integrity Commitment applies to all employees of Bank            1. Dynamic
Mega, regardless of their position and role in Bank Mega.            2. Entrepreneurial
All members of the Board of Commissioners and Directors              3. Confidence
of Bank Mega have signed a charter of the Statement of               4. Business Ethics
Integrity Commitment to comply with each point contained             5. Commitment
in the Code of Conduct.                                              6. Synergy




Legal Case
As of December 31, 2023, the legal cases in which Bank Mega is involved are as follows:
                               Legal Issues                                                     Total
 Has permanent legal force                                                                        1,000

 In the process of being settled                                                                    164

 Total                                                                                            1,164



Most of the civil cases handled by Bank Mega were recorded           force and 164 cases that are still in progress at the level of
as of the second semester of December 2023, with 1,164               the District Court, the High Court and the Supreme Court.
cases, including 1,000 cases that have permanent legal




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In the second half of December 2023, it was found that there were 47 cases that had a permanent legal force, while
there were 48 new cases that were registered in the same period, consisting of the following:


                                  Case Type                                          Total
 Civil lawsuit cases (ordinary)                                                        13

 Simple lawsuit case                                                                   33

 PHI matters                                                                            1

 Commercial Cases (PKPU/Bankruptcy)                                                     1




The majority of civil cases handled by Bank Mega were 1,164 cases with legal issues based on the following matters
1. Disputes with debtors and third parties
2. Disputes caused by non-fulfillment of legal requirements of the subject
3. Disputes over the ownership of securities related to PKPU/bankruptcy
4. State administrative disputes
5. Industrial relations disputes




Administrative Sanction

Bank Mega received administrative sanctions in the            imposition of administrative sanctions is more lower
form of fines from the Financial Services Authority and       compared to the previous year with a frequency of
Bank Indonesia 11 times with a nominal fine reaching          18 (eighteen) times and a nominal fine of Rp453.80 million.
IDR156,550,000,- million as of December 31, 2023. The




Adequacy of Transparency
Financial and Non-Financial
In accordance with the applicable OJK regulations, the        complaint system that can be used by customers via
Bank has made financial and non-financial terms and           the Bank Mega website, call center, or through the
conditions transparent to stakeholders and reported them      Bank’s employees.
to the Financial Services Authority.
                                                              In order to ensure transparency in the implementation
The Bank provides transparent information about the           of governance, Bank Mega has prepared a report on
Bank’s products in accordance with the provisions on the      the implementation of governance, which is reported in
transparency of the Bank’s product information and the        accordance with the applicable regulations. The report
use of personal data of customers. Product transparency       includes the results of the Bank’s assessment of governance
is provided in the form of brochures, leaflets and other      implementation according to indicators set by the Financial
promotional materials. It is also provided on Bank Mega’s     Services Authority. The report has been submitted to the
website. Similarly, with regard to customer complaints, the   Financial Services Authority and published on Bank Mega’s
Bank has made the procedures for customer complaints          website. The report is part of the Bank’s Annual Report.
and dispute resolution transparent, and has a customer



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                                                 Corporate Governance




Self-Assessment of the Implementation of
Commercial Bank Governance
As a form of commitment to the implementation of                             of the implementation of the GCG is guided by the OJK
commercial bank governance, Bank Mega has conducted                          Regulation No. 55/POJK.03/2016 and the OJK Circular
a self-assessment on the implementation of bank                              Letter No. 13/SEOJK.03/2017 on the implementation of
governance (GCG) for the first and second semester of                        governance for commercial banks. Bank Mega’s 2023 GCG
2023. The self-assessment results are an integral part of the                self-assessment results are as follows:
Governance Implementation Report. The self-assessment


        Assessment
                            Self Assessment Results                                           Rating Definition
          Period

 Semester I - 2023            Individual           2          Reflects that the management of the bank has generally implemented good governance
                                                              practices. This is reflected in an adequate level of compliance with the Governance
 Semester II - 2023           Individual           2          Principles. In the event that there are weaknesses in the application of the Governance
                                                              Principles, these weaknesses are generally of a minor nature and can be remedied by
                                                              the Bank’s management through the normal course of action.


Meanwhile, according to OJK No.SR-22/PB.31/2024, dated February 15, 2024, the implementation of Governance The
bank for the June 2023 position is Good, and the December 2023 position is Fair.




Implementation of Public Company
Governance Guidelines
Bank Mega undertakes to comply with the requirements for the implementation of the GCG in the Company in accordance
with POJK No. 21/POJK.04/2015 and SEOJK No. 32/SEOJK.04/2015 in the year 2023


 No.                     Recommendation                                 Response                              Implementation

 To Improve the Value of GMS Execution

   1.     Public Company has methods or procedures of voting            Implemented          The Bank has a technical procedure of voting as stated
          both open and closed voting, in order to emphasize                                 in GMS regulations.
          independency and interests of shareholders.

   2.     The Board of Directors and Board of Commissioners of          Implemented          Some of the Bank’s management members are present
          the Public Company are present in the AGMS.                                        in the Annual GMS

   3.     A summary of the GMS minutes is available on the Public       Implemented          The Bank has disclosed the minutes of meeting of GMS
          Company website for at least 1 (one) year.                                         in the Company’s official website.

 To Enhance the Quality of Communication Between the Public Company and Shareholders or Investors

   4.     Public Company has a communication policy with                Implemented          The Company has several communication channels to the
          shareholders or investor                                                           shareholders through Public Expose, Press Conference
                                                                                             and email in the Company’s official website.

   5.     Public Company discloses communication policy                 Implemented          The Bank provides access of information disclosure
          of Public Company with shareholder or investor in                                  through the Company’s official website.
          Company’s website.




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                                                                                           PT BANK MEGA Tbk              2023 Annual Report




 No.                     Recommendation                                     Response                          Implementation

 To Strengthen the Membership and Composition of the Board of Commissioners

  6.    The stipulation of number of the Board of Commissioners             Implemented    The Bank has complied the prevailing laws and regulations
        will determine the condition of the Public Company.                                related to the Company based on the OJK Regulation No.
                                                                                           33/POJK.04/2014. The members of the Bank’s Board of
                                                                                           Commissioners are 5 (five) individuals.

  7.    The stipulation of number of the Board of Directors will            Implemented    The Bank has complied the prevailing laws and regulations
        consider the condition of the Public Company.                                      related to the Company based on OJK Regulation No.
                                                                                           33/POJK.04/2014. The members of the Bank’s Board of
                                                                                           Directors are 8 (eight) individuals.

  8.    The composition stipulation of the Board of Commissioners           Implemented    The Bank has complied the prevailing laws and regulations
        pays attention to the diversity of required skills, knowledge                      related to the Company based on OJK Regulation No.
        and experiences.                                                                   33/POJK.04/2014.

  9.    The composition stipulation of the Board of Directors pays          Implemented    The Bank has complied the prevailing laws and regulations
        attention to the diversity of required skills, knowledge                           related to the Company based on OJK Regulation No.
        and experiences.                                                                   33/POJK.04/2014.

  10.   The Director who oversees accounting or finance has the             Implemented    The Company has complied the prevailing laws and
        skills and/or knowledge in accounting.                                             regulations related to the Company based on OJK
                                                                                           Regulation No. 33/POJK.04/2014. The Bank’s Board of
                                                                                           Directors has experience in finance and banking.

 To Improve the Quality of Performing Duties and Responsibilities of Board of Commissioners and Board of Directors

  11.   The Board of Commissioners has a self-assessment                    Implemented    The Bank has an Assessment Policy for the Board
        policy to evaluate the performance of the Board                                    of Commissioners and Directors as set out in the
        of Commissioners.                                                                  Board Manual.

  12.   The Board of Directors has a self-assessment policy to              Implemented    The Bank has an Assessment Policy for the Board
        evaluate the performance of                                                        of Commissioners and Directors as set out in the
                                                                                           Board Manual.

  13.   The self-assessment policy that evaluates the performance           Implemented    The Bank has owned a self-assessment policy, therefore
        of the Board of Commissioners is disclosed in this year’s                          the Company is able to disclose any self-assessment policy
        Annual Report of the Public Company.                                               in the Annual Report.

  14.   The self-assessment policy that evaluates the performance            Diterapkan    The Bank has owned a self-assessment policy, therefore
        of the Board of Directors is disclosed in this year’s Annual                       the Company is able to disclose any self-assessment policy
        Report of the Public Company.                                                      in the Annual Report.

  15.   The Board of Commissioners has a resignation policy if a            Implemented    Every member of the appointed Board of Commissioners
        Commissioner is committed to a financial crime.                                    shall fulfill each requirement in the Article of Association
                                                                                           and sign a statement letter, and if any violation is done, the
                                                                                           GMS has the rights to dismiss the member oft he Board of
                                                                                           Commissioners anytime.

  16    The Board of Directors has a resignation policy if a                Implemented    Every member of the appointed Board of Directors shall
        Commissioner is committed to a financial crime.                                    fulfill each requirement in the Article of Association and
                                                                                           sign a statement letter, and if any violation is done, the
                                                                                           GMS has the rights to dismiss the member oft he Board of
                                                                                           Directors anytime.

  17.   The Board of Commissioners or Committee that executes               Implemented    The Company has a succession policy in nomination
        the nomination and remuneration function arranges the                              process of members of the Board of
        succession policy in the process of nominating a Director.                         Directors.

 Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan


  18.   The Public Company has a policy to prevent insider trading.         Implemented    The Bank has a policy to prevent insider trading as set
                                                                                           out in the Integrity Commitment Guide.

  19.   The Public Company has an anti-corruption policy and                Implemented    The Company has a policy to prevent corruption set out
        anti-fraud policy.                                                                 in the Integrity Commitment Guide.

  20.   The Public Company has a policy on selecting and                    Implemented    The Company has established policies for qualifying,
        increasing the ability of suppliers.                                               reviewing and evaluating suppliers.




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                                                Corporate Governance




 No.                    Recommendation                                 Response                           Implementation

  21.   The Public Company has a policy on complying creditors’        Implemented     Fulfillment of the creditor’s rights is regulated in detail in
        rights.                                                                        the loan agreement concluded between the Bank and
                                                                                       the creditor.

  22.   The Public Company has a policy on the                         Implemented     Bank has a whistleblowing system policy
        whistleblowing system.                                                         as disclosed in this Annual Report.

  23.   Public Companies have a policy of providing long-term          implemented     The Bank provides long-term incentives to Directors
        incentives to Directors and employees.                                         and employees, as stated in the remuneration
                                                                                       governance policy.

 To Improve the Implementation of Information Disclosure

  24.   The Public Company utilizes information technology more        Implemented     The Bank uses social media, the Company’s
        openly as the media of information disclosure.                                 official website and IDX website as a fulfillment of
                                                                                       information disclosure aspect.

  25.   The Public Company’s Annual Report discloses the               Implemented     The Bank discloses the final beneficial owner of
        final beneficial owner of shares in the ownership of the                       the Company’s share ownership as disclosed in this
        Public Company at least 5% (five percent), in addition                         Annual Report.
        to the disclosure of the final beneficial ownership
        of the public company through the majority and
        controlling shareholders.




Implementation of
Integrated Governance
Bank Mega, as the main entity, has conducted monitoring                    Integrated Governance Implementation Report
of the implementation of governance in LJK (financial                      Bank Mega, as the main entity, has submitted a report
services institutions) related to the financial conglomerate               on the implementation of integrated governance in the
Mega Corpora. In order to improve the implementation                       year 2023 to the OJK through the SIPENA application
of integrated governance in 2023, the following efforts                    as follows:
will be made:                                                              1. 2022 Integrated Governance Implementation Report
1. Hold coordination meetings with members of the                              (Letter No. 030/DIR-CHC/23 dated May 26, 2023
     Integrated Governance Support Group in the PT                             regarding the 2022 Integrated Governance Report
     Mega Corpora Financial Conglomeration 2 (two) times                       of PT. Mega Corpora Financial Conglomerate).
     during 2023.                                                          2. Integrated Governance Self-Assessment Report
2. Conduct meetings of the Integrated Governance                               Semester II 2022 (Letter No.008/DIR-CHC/23 dated
     Committee, there will be 2 (two) meetings during 2023.                    February 9, 2023 regarding the Integrated Governance
3. Monitor the fulfillment of the results/recommendations                      Self-Assessment Report of the Financial Conglomerate
     of the Integrated Governance Committee meetings.                          PT. Mega Corpora Semester II - 2022.
4. Carry out knowledge sharing 2 (two) times during 2023:                  3. Integrated Governance Self Assessment Report
     • Review the confidentiality and security of                              Semester I of 2023 (Letter No.048/DIR-CHC/23 dated
         consumer data.                                                        August 4, 2023 regarding the Integrated Governance
     • Protection of personal data.                                            Self Assessment Report of the financial conglomerate
5. Implement integrated governance oversight by the                            PT. Mega Corpora Semester I - 2023.
     Main Entity Board of Commissioners, supported by the
     Integrated Governance Committee. During 2022, the
     Board of Commissioners of the Main Entity has held 9
     (eight) meetings, of which 2 (two) were devoted to the
     implementation of Integrated Governance.




332                            PT BANK MEGA Tbk             2023 Annual Report       Refocus in Business Strategy for Sustainable Growth
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                                                                            PT BANK MEGA Tbk       2023 Annual Report




Access to Information and Data

All stakeholders have easy access to all material information    website at https://www/bankmega .com. Furthermore,
and data of Bank Mega, including corporate actions, annual       the Bank provides disclosure information that can be
reports, financial reports and releases to journalists and       accessed via:
investors, which can be accessed through the company’s



 Corporate Secretary                      :     corsec@bankmega.com

 Address                                  :     Menara Bank Mega
                                                Jl. Kapten Tendean No. 12-14A, Jakarta 12790

 Mega Call                                :     08041500010/(+62) 29601600 (dari luar negeri)

 Telephone                                :     (+6221) 7917 5000

 Facsimile                                :     (+6221) 7918 7100

 Call Center                              :     08041500010
                                                (+62) 29601600 (dari luar negeri)

 Email                                    :     corsec@bankmega.com




                     Electronic Media                                                    Social Media

 Company Website              :   www,bankmega.com                Instagram          :    @bankmegaid

 Capital Market Website       :   www.idx.co.id                   Facebook           :    BankMegaID

 Custodian Website            :   www.ksei.co.id                  X                  :    @BankMegaID

 OJK Website                  :   www.ojk.go.ig                   Youtube            :    Bank Mega Indonesia

                                                                  TikTok             :    @bankmega




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Page 334
06
Sustainability
Report
Page 335
PT BANK MEGA Tbk   2023 Annual Report
Page 336
                                                Sustainability Report




Sustainability Report




Bank Mega is committed to protecting the environment by          In 2023, sustainable finance will be implemented by
always paying attention to social aspects and implementing       the Bank’s Sustainable Finance Action Plan (RAKB).
good governance. In this case, the Bank has implemented          Implementing Bank Mega’s sustainability principles
several policies and practices to meet Environmental,            is discussed thoroughly and presented in the
Social, and Governance (LST/ESG) standards.                      Sustainability Report, an inseparable part of the 2023
                                                                 Annual Report.
In addition, to implement Financial Services Authority
Regulation No. 51/POJK.03/2017 Concerning Sustainable
Finance, Bank Mega is fully committed to implementing
a sustainable TJSL program.




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                                                                                                PT BANK MEGA Tbk         2023 Annual Report




Cross-Reference Based on OJK Circular Letter
No. 16/SEOJK.04/2021 Regarding Format and
Content of the Annual Report of Issuers or
Public Companies

  No                                            Annual Report Format                                                          Page

 1        Annual Report is presented in the form of printed documents and electronic copies of documents.                        √

 2        The printed version of the Annual Report shall be printed on light-colored paper of good quality, in A4                √
          size, bound, and can be copied with good quality.

 3        Annual Report may present information in the form of pictures, graphs, tables, and/or diagrams by including            √
          clear titles and/or descriptions, so that they are easy to read and understand.

 4        The Annual Report presented in an electronic document is the Annual Report converted in a portable                     √
          document format (PDF).




 No                                            Annual Report Contents                                                         Page

 I. General Provision

 ANNUAL REPORT SHALL AT LEAST CONTAIN THE FOLLOWING INFORMATION:
 1. Overview of key financial data;
 2. Stock information (if any);
 3. Report of the Board of Directors;
 4. Report of the Board of Commissioners;
 5. Profile of the Issuer or Public Company;                                                                                     √
 6. Management discussion and analysis;
 7. Governance of the Issuer or Public Company;
 8. Social and environmental responsibility of the Issuer or Public Company;
 9. Audited annual financial statements; and
 10. Statement that the Board of Directors and the Board of Commissioners are fully responsible for the Annual Report.

 II. Description Of Annual Report Content

 A. OVERVIEW OF KEY FINANCIAL DATA
    The summary of key financial data contains financial information presented in the form of a comparison of 3
    (three) fiscal years or since starting its business if the Issuer or Public Company has been running its business
    activities for less than 3 (three) years, which shall at least contain:
    1. Revenue/sales;
    2. Gross profit;
    3. Profit (loss);
    4. The amount of profit (loss) attributable to owners of the parent entity and non-controlling interests;
    5. Total comprehensive profit (loss);
    6. Total comprehensive profit (loss) attributable to owners of the parent entity and non-controlling interests;
    7. Earnings (loss) per share;                                                                                              12-18
    8. Total assets;
    9. Total liabilities;
    10. Total equity;
    11. Ratio of profit (loss) to total assets;
    12. Ratio of profit (loss) to equity;
    13. Ratio of profit (loss) to revenue/sales;
    14. Current ratio;
    15. Ratio of liabilities to equity;
    16. Ratio of liabilities to total assets; and
    17. Other information and financial ratios relevant to the Issuer or Public Company and the type of industry;;




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                                                               Sustainability Report




No                                             Annual Report Contents                                                          Page

Annual Report Contents

B. STOCK INFORMATION
   Stock information of Public Company shall at least contain:
   1. Shares issued for each three-month period (if any) are presented in the form of a comparison for the last
       2 (two) fiscal years, which at least covers:
       a. Number of shares outstanding;
       b. Market capitalization based on the price on the Stock Exchange where the shares are listed on;
       c. Highest, lowest, and closing share prices based on the price on the Stock Exchange where the shares
            are listed on; and
       d. Trading volume on the Stock Exchange where the shares are listed on; Information in point b), point
            c), and point d) is only disclosed if the Issuer is a Public Company and its shares are listed on the
            Stock Exchange;
   2. In the event of a corporate action, such as a stock split, reverse stock, stock dividend, bonus share, and a
       change in the nominal value of shares, the share information as referred to in number 1) shall be added                    17
       with an explanation of at least:
       a. Date of implementation of the corporate action;
       b. Ratio of stock splits, reverse stock, stock dividends, bonus shares, and changes in the nominal value
            of shares;
       c. Number of outstanding shares before and after the corporate action; and
       d. Share price before and after the corporate action;
   3. In the event of a temporary share trading suspension and/or shares delisting in the fiscal year, the Issuer
       or Public Company shall explain the reasons for the temporary share trading suspension and/or share
       delisting; and
   4. In the event that the temporary share trading suspension and/or share delisting as referred to in number
       3) continues until the end of the Annual Report period, the Issuer or Public Company shall explain the
       actions taken to resolve the temporary share trading suspension and/or share delisting;

C. REPORT OF THE BOARD OF DIRECTOR
   The report of the Board of Directors shall at least contain a brief description of:
   1. Performance of the Issuer or Public Company, covering:
      a. Strategies and strategic policies of the Issuer or Public Company;
      b. Role of the Board of Directors in formulating strategies and strategic policies of the Issuer or
          Public Company;
                                                                                                                                 44-53
      c. Process carried out by the Board of Directors to ensure the implementation of the Issuer’s or Public
          Company’s strategy;
      d. Comparison between the results achieved and those targeted by the Issuer or Public Company; and
      e. Challenges faced by the Issuer or Public Company;
   2. Description of the business prospects of the Issuer or Public Company; and
   3. Governance implementation of the Issuer or Public Company.

D. REPORT OF THE BOARD OF COMMISSIONERS
   The report of the Board of Commissioners shall at least contain a brief description of:
   1. Evaluation of the performance of the Board of Directors regarding the management of the Issuer or Public
      Company, including the supervision of the Board of Commissioners in the formulation and implementation                     34-41
      of strategies for the Issuer or Public Company carried out by the Board of Directors;
   2. Views on the business prospects of the Issuer or Public Company prepared by the Board of Directors; and
   3. Views on the implementation of the governance of the Issuer or Public Company.

E. PROFILE OF THE ISSUER OR PUBLIC COMPANY
   The profile of the Issuer or Public Company shall contain at least the following information:
   1. Name of the Issuer or Public Company, including if there is a change in name, reason for the change, and
      the effective date of the name change in the fiscal year;
   2. Access to the Issuer or Public Company including branch offices or representative offices that enable the
      public to obtain information about the Issuer or Public Company, including:
      a. Address;
      b. Telephone number;
      c. E-mail address; and
      d. Website address;
   3. Brief history of the Issuer or Public Company;                                                                              60
   4. Vision and mission of the Issuer or Public Company as well as corporate culture or corporate values;
   5. Business activities according to the latest articles of association, business activities carried out in the fiscal
      year, and types of goods and/or services produced;
   6. Operational area of the Issuer or Public Company; operational area is the area for the implementation
      of operational activities or the range of the company’s operational activities with the name and position;
   7. Organizational structure of the Issuer or Public Company in the form of a chart, at least up to the structure
      of 1 (one) level below the Board of Directors including committees under the Board of Directors (if any)
      and committees under the Board of Commissioners, along with the names and positions;
   8. List of industry association memberships both on a national and international scale related to the
      implementation of sustainable finance;




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                                                                                                 PT BANK MEGA Tbk          2023 Annual Report




 No                                             Annual Report Contents                                                          Page

      9.  Profile of the Board of Directors, shall at least contain:
          a. Name and position in accordance with the duties and responsibilities;
          b. Recent photograph;
          c. Age;
          d. Nationality;
          e. Education and/or certification;
          f. Position history, including information on:
               • Legal basis for appointment as a member of the Board of Directors of the Issuer or Public Company;
               • Concurrent positions, either as a member of the Board of Directors, member of the Board of
                    Commissioners, and/or committee member as well as other positions both inside and outside
                    the Issuer or Public Company. In the event that a member of the Board of Directors does not have
                    concurrent positions, then this matter shall be disclosed; and
               • Work experience and the period inside and outside the Issuer or Public Company;
          g. Affiliation with other members of the Board of Directors, members of the Board of Commissioners,
               major and controlling shareholders, either directly or indirectly as well as individual owners, including
               names of affiliated parties. In the event that a member of the Board of Directors has no affiliation, the
               Issuer or Public Company shall disclose this matter; and
          h. Changes in the composition of the members of the Board of Directors and the reasons for the changes.
               In the event that there is no change in the composition of the members of the Board of Directors,
               this matter shall be disclosed;
      10. Profil of the Board of Commissioners, shall at least contain:
          a. Name and position;
          b. Recent photograph;
          c. Age;
          d. Nationality;
          e. Education and/or certification;
          f. Position history, including information on:
               • Legal basis for appointment as member of the Board of Commissioners;
               • Legal basis for the first appointment as a member of the Board of Commissioners who is an
                    independent commissioner of the Issuer or Public Company concerned;
               • Concurrent positions, either as a member of the Board of Commissioners, member of the Board
                    of Directors, and/or committee member as well as other positions both inside and outside the
                    Issuer or Public Company. In the event that a member of the Board of Commissioners does not
                    have concurrent positions, then this matter shall be disclosed; and
                                                                                                                                 77-104
               • Work experience and the period both inside and outside the Issuer or Public Company;
          g. Affiliation with other members of the Board of Commissioners, major and controlling shareholders
               either directly or indirectly as well as individual owners, including names of affiliated parties; In the
               event that a member of the Board of Commissioners does not have any affiliation, the Issuer or Public
               Company shall disclose this matter;
          h. Statement of independence of the independent commissioner in the event that the independent
               commissioner has served more than 2 (two) terms; and
          i. Changes in the composition of the members of the Board of Commissioners and the reasons for the
               changes. In the event that there is no change in the composition of the members of the Board of
               Commissioners, this matter shall be disclosed;
      11. In the event that there is a change in the composition of the members of the Board of Directors and/
          or members of the Board of Commissioners that occurs after the fiscal year ends up to the deadline for
          submitting the Annual Report, the composition included in the Annual Report is the composition of the
          previous members of the Board of Directors and/or members of the Board of Commissioners;
      12. Number of employees by gender, position, age level, education level, and employment status (permanent/
          contracted) in the fiscal year; Disclosure of information can be presented in tables;
      13. Name of shareholder and percentage of ownership at the beginning and end of the fiscal year, consisting
          of information regarding: a) shareholders owning 5% (five percent) or more of the shares of the Issuer or
          Public Company; b) members of the Board of Directors and members of the Board of Commissioners
          owning shares of the Issuer or Public Company. In the event that all members of the Board of Directors
          and/or all members of the Board of Commissioners do not own shares, then this matter shall be disclosed;
          and c) a group of public shareholders, namely a group of shareholders owning less than 5% (five percent)
          of the shares of the Issuer or Public Company; The above information may be presented in tables;
      14. Percentage of indirect ownership of the shares of the Issuer or Public Company by members of the Board
          of Directors and members of the Board of Commissioners at the beginning and end of the fiscal year,
          including information on shareholders registered in the shareholder register for the benefit of indirect
          ownership of members of the Board of Directors and members of the Board of Commissioners; In the
          event that all members of the Board of Directors and/or all members of the Board of Commissioners do
          not have indirect ownership of the shares of the Issuer or Public Company, this matter shall be disclosed;
      15. Number of shareholders and percentage of ownership at the end of the fiscal year based on the classification:
          a) ownership of local institutions; b) ownership of foreign institutions; c) ownership of local individuals;
          and d) ownership foreign individuals;
      16. Information regarding the major and controlling shareholders of the Issuer or Public Company, either
          directly or indirectly, as well as the individual owners shall be presented in the form of a scheme or chart;




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                                                              Sustainability Report




No                                              Annual Report Contents                                                          Page

      17. Name of the subsidiaries, associates, joint ventures where the Issuer or Public Company has joint control
          of the entity (if any), along with the percentage of share ownership, line of business, total assets, and
          operating status of the subsidiaries, associates, joint ventures; For a subsidiary, information about the
          address of the subsidiary shall be added;
      18. Chronology of share listing, number of shares, nominal value, and bid price from the beginning of listing
          to the end of the fiscal year as well as the name of the stock exchange where the shares of the Issuer or
          Public Company are listed on, including stock splits, reverse stock, dividends shares, bonus shares, and
          changes in the nominal value of shares, implementation of conversion effects, implementation of capital
          additions and subtractions (if any);
      19. Other securities listing information other than the securities as referred to in number 18), which have not
          yet matured in the fiscal year, shall at least contain the name of the securities, year of issuance, interest
          rate/yield, maturity date, offering value, and securities rating (if any);
      20. Information on the use of the services of a public accountant (AP) and a public accounting firm (KAP) and
          their networks/associations/allies include: a) name and address; b) assignment period; c) information on audit
          and/or non-audit services provided; d) audit and/or non-audit fees for each assignment given during the
          fiscal year; and e) in the event that AP and KAP and their network/association/alliance, which are appointed
          do not provide non-audit services, the information shall be disclosed; and Disclosure of information on the
          use of AP and KAP services and their networks/associations/allies may be presented in tables;
      21. Name and address of capital market supporting institutions and/or professions other than AP and KAP;

F.    MANAGEMENT DISCUSSION AND ANALYSIS
      Management analysis and discussion shall contain analysis and discussion of financial statements and other
      important information with an emphasis on material changes that occurred in the fiscal year, which shall at
      least contain:
      1. Operational review per operating segment according to the type of industry of the Issuer or Public
          Company, at least covering:
          a. Production, which includes the process, capacity, and development;
          b. Revenue/sales; and
          c. Profitability;
      2. Comprehensive financial performance which includes a comparison of financial performance in the last 2 (two)
          fiscal years, an explanation of the causes of the changes and the impact of these changes, at least covering:
          a. Current assets, non-current assets, and total assets;
          b. Current liabilities, non-current liabilities, and total liabilities;
          c. Equity;
          d. Revenue/sales, expenses, profit (loss), other comprehensive income, and total comprehensive profit
               (loss); and
          e. Cash flow;
      3. Ability to pay debts by presenting relevant ratio calculations;
      4. Collectibility level of the Issuer’s or Public Company’s receivables by presenting relevant ratio calculations;
      5. Capital structure and management policies on the capital structure along with the basis for determining
          the policy;
      6. Discussion of material commitments for investment in capital goods with at least the following explanations:
          a. Purpose of the bond;
          b. Expected source of funds to fulfill the commitment;
          c. Currency in which it is denominated; and
          d. Actions planned by the Issuer or Public Company to protect the risk from the related foreign
               currency position;
      7. Discussion of investment in capital goods realized in the last fiscal year, shall at least contain:
                                                                                                                                128-184
          a. Type of investment in capital goods;
          b. Purpose of investment in capital goods; and
          c. Investment value of the issued capital goods;
      8. Material information and facts occurring after the date of the accountant’s report (if any);
      9. Business prospects of the Issuer or Public Company related to the conditions of the industry, the general
          economy and the international market along with quantitative supporting data from reliable data sources;
      10. Comparison between the target/projection at the beginning of the fiscal year with the results achieved
          (realization), regarding:
          a. Revenue/sales;
          b. Profit (loss);
          c. Capital structure or
          d. Other matters deemed important to the Issuer or Public Company;
      11. Targets/projections to be achieved by the Issuer or Public Company for the next 1 (one) year, regarding:
          a. Revenue/sales;
          b. Profit (loss);
          c. Capital structure
          d. Dividend policy; or
          e. Other matters deemed important to the Issuer or Public Company;
      12. Marketing aspects of the goods and/or services of the Issuer or Public Company, at least regarding the
          marketing strategy and market share;
      13. Description of dividends for the last 2 (two) fiscal years, shall at least contain:
          a. Dividend policy, which includes information on the percentage of total dividends distributed to
               net income;
          b. Date of payment of cash dividends and/or date of distribution of non-cash dividends;
          c. The amount of dividends per share (cash and/or non-cash); and
          d. The amount of dividends paid annually; Disclosure of information may be presented in tables. In the
               event that the Issuer or Public Company has not had distributed dividends in the last 2 (two) years,
               then this matter shall be disclosed.




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 No                                             Annual Report Contents                                                           Page

      14. Realization of the use of proceeds from the Public Offering, provided that:
          a. In the event that during the fiscal year, the Issuer has an obligation to submit a report on the realization
               of the use of funds, the cumulative realization of the use of proceeds from the Public Offering shall
               be disclosed up to the end of the fiscal year; and
          b. In the event that there is a change in the use of funds as stipulated in the Financial Services Authority
               Regulation concerning the Report on the Realization of the Use of Proceeds from the Public Offering,
               the Issuer shall explain the change;
      15. Material information (if any) regarding expansions, divestments, business mergers/ consolidations,
          acquisitions, debt/capital restructuring, affiliated transactions, and transactions containing conflicts of
          interest occurring during the fiscal year, shall at least contain:
          a. Date, value, and object of the transaction;
          b. Name of the party conducting the transaction;
          c. Nature of the Affiliate’s relationship (if any);
          d. Explanation of the fairness of the transaction; and
          e. Compliance with related provisions;
          f. In the event that there is an affiliation, apart from disclosing the information as referred to in point a)
               to point e), the Issuer or Public Company shall also disclose information regarding:
               • Statement from the Board of Directors that the affiliated transaction has gone through adequate
                    procedures to ensure that the affiliated transaction is carried out in accordance with generally
                    accepted business practices, among others, by complying with the armslength principle; and
               • Role of the Board of Commissioners and the audit committee in carrying out adequate procedures
                    to ensure that affiliated transactions are carried out in accordance with generally accepted business
                    practices, among others, by complying with the arms- length principle;
          g. For affiliated transactions or material transactions which are business activities carried out in order to
               generate business income and are carried out regularly, repeatedly, and/ or continuously, an explanation
               shall be added that the affiliated transactions or material transactions are business activities carried
               out in order to generate operating income and run regularly, repeatedly, and/or continuously; In the
               event that the affiliated transactions or material transactions referred to have been disclosed in the
               annual financial statements, additional information regarding the disclosure reference in the annual
               financial statements shall be added;
          h. For disclosure of affiliated transactions and/or transactions with conflict of interest resulting from the
               implementation of affiliated transactions and/or transactions with conflict of interest that have been
               approved by independent shareholders, additional information regarding the date of the GMS which
               approved the affiliated transactions and/or transactions with conflict of interest shall be added;
          i. In the event that there is no affiliated transaction and/or transaction with conflict of interest, then this
               matter shall be disclosed;
      16. Changes in the provisions of laws and regulations that have a significant effect on the Issuer or Public
          Company and their impact on financial statements (if any); and
      17. Changes in accounting policies, reasons and impact on financial statements (if any);

 G. GOVERNANCE OF THE ISSUER OR PUBLIC COMPANY
    The governance of the Issuer or Public Company shall at least contain a brief description of:
    1. GMS, shall at least contain:
        a. Information regarding the resolutions of the GMS in the fiscal year and 1 (one) year prior to the fiscal
           year including:
           • Resolutions of the GMS in the fiscal year and 1 (one) year before the fiscal year realized in the
                fiscal year; and
           • Resolutions of the GMS for the fiscal year and 1 (one) year before the fiscal year that have not
                been realized and the reasons for not realizing them;
        b. In the event that the Issuer or Public Company uses an independent party in the implementation of
           the GMS to calculate the votes, then this matter shall be disclosed;
    2. The Board of Directors, shall at least contain:
        a. Duties and responsibilities of each member of the Board of Directors; Information regarding the duties
           and responsibilities of each member of the Board of Directors is described and may be presented
           in tables.
        b. Statement that the Board of Directors has guidelines or charter for the Board of Directors;
        c. Policy and implementation of the frequency of meetings of the Board of Directors, meetings of the                     266-333
           Board of Directors with the Board of Commissioners, and the attendance rate of members of the
           Board of Directors in the meeting including attendance at the GMS; Information on the attendance
           rate of members of the Board of Directors at the meeting of the Board of Directors, the meeting of the
           Board of Directors with the Board of Commissioners, or the GMS may be presented in tabular form;
        d. Training and/or competency development of members of the Board of Directors:
           • Policy on training and/or competence development of members of the Board of Directors, including
                an orientation program for newly appointed members of the Board of Directors (if any); and
           • Training and/or competency development attended by members of the Board of Directors in
                the fiscal year (if any);
        e. Evaluation of the Board of Directors on the performance of the committees that support the
           implementation of the duties of the Board of Directors in the fiscal year shall at least contain:
           • Performance appraisal procedures; and
           • Criteria used, such as performance achievements during the fiscal year, competence and attendance
                at meetings; and
        f. In the event that the Issuer or Public Company does not have a committee that supports the
           implementation of the duties of the Board of Directors, this matter shall be disclosed;




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      3.   The Board of Commissioners, shall at least contain:
           a. Duties and responsibilities of the Board of Commissioners;
           b. Statement that the Board of Commissioners has guidelines or charter for the Board of Commissioners;
           c. Policy and implementation of the frequency of meetings of the Board of Commissioners, meetings
               of the Board of Commissioners with the Board of Directors and the attendance rate of members
               of the Board of Commissioners in such meetings including attendance at the GMS; Information
               on the attendance rate of members of the Board of Commissioners at the meeting of the Board of
               Commissioners, the meeting of the Board of Commissioners with the Board of Directors, or the GMS
               may be presented in tables.
           d. Training and/or competency development of members of the Board of Commissioners:
               • Policy on training and/or competency development of members of the Board of Commissioners,
                    including orientation programs for newly appointed members of the Board of Commissioners
                    (if any); and
               • Training and/or competency development attended by members of the Board of Commissioners
                    in the fiscal year (if any);
           e. Performance evaluation of the Board of Directors and the Board of Commissioners as well as each
               member of the Board of Directors and the Board of Commissioners, shall at least contain:
               • Performance appraisal procedures;
               • Criteria used, such as performance achievements during the fiscal year, competence
               • and attendance at meetings; and
               • The party conducting the assessment; and
           f. The Board of Commissioners’ assessment on the performance of the Committees that support the
               implementation of the duties of the Board of Commissioners in the fiscal year, including:
               • Performance appraisal procedures; and
               • Criteria used, such as performance achievements during the fiscal year, competence and attendance
                    at meetings;
      4.   The nomination and remuneration of the Board of Directors and the Board of Commissioners shall at
           least contain:
           a. Nomination procedure, including a brief description of the nomination policies and processes for
               members of the Board of Directors and/or members of the Board of Commissioners; and Procedures
               and implementation of remuneration for the Board of Directors and the Board of Commissioners,
               among others:
           b. Procedures and implementation of remuneration for the Board of Directors and the Board of
               Commissioners, among others;
               • Procedures for determining remuneration for the Board of Directors and the Board of Commissioners;
               • Remuneration structure of the Board of Directors and the Board of Commissioners such as salary,
                    allowances, tantiem/bonus and others; and
               • The amount of remuneration for each member of the Board of Directors and member of the Board
                    of Commissioners; Information disclosure may be presented in tables;
      5.   The sharia supervisory board, for the Issuer or Public Company that carries out business activities based
           on sharia principles as stated in the articles of association, shall at least contain:
           a. Name;
           b. Legal basis for the appointment of the sharia supervisory board;
           c. Period of assignment of the sharia supervisory board;
           d. Duties and responsibilities of the sharia supervisory board; and
           e. Frequency and method of providing advice and suggestions as well as supervising the fulfillment of
               sharia principles in the capital market to the Issuer or Public Company;
      6.   The Audit Committee , shall at least contain:
           a. Name and position in committee membership;
           b. Age;
           c. Nationality;
           d. Education;
           e. Position history, including information on:
               • Legal basis for appointment as committee member;
               • Concurrent positions, either as a member of the Board of Commissioners, member of the Board
                    of Directors, and/or committee member as well as other positions (if any); and
               • Work experience and the period both inside and outside the Issuer or Public Company;
           f. Period and term of office of the members of the Audit Committee;
           g. Statement of independence of the Audit Committee;
           h. Policy and implementation regarding the frequency of Audit Committee meetings and the attendance
               rate of members of the Audit Committee in those meetings;
           i. Education and/or training attended in the fiscal year (if any); and
           j. Implementation of the activities of the Audit Committee in the fiscal year in accordance with those
               stated in the guidelines or charter of the Audit Committee;




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      7.  The nomination and remuneration committee of the Issuer or Public Company, shall at least contain:
          a. Name and position in committee membership;
          b. Age;
          c. Nationality;
          d. Education;
          e. Position history, including information on:
               • Legal basis for appointment as committee member;
               • Concurrent positions, either as a member of the Board of Commissioners, member of the Board
                   of Directors, and/or committee member and other positions (if any); and
               • Work experience and the period oboth inside and outside the Issuer or Public Company;
          f. Period and term of office of the committee members;
          g. Statement of committee independence;
          h. Training and/or competency development attended in the fiscal year (if any);
          i. Description of duties and responsibilities;
          j. Statement that it has a guideline or charter;
          k. Policy and implementation of the frequency of meetings and the attendance rate of members at
               the meeting;
          l. Brief description of the implementation of activities in the fiscal year; and
          m. In the event that no nomination and remuneration committee is formed, the Issuer or Public Company
               shall discose the information as referred to in point i) to point l) and disclose:
               • Reasons for not forming the committee; and
               • The party carrying out the nomination and remuneration function;
      8. Other committees owned by the Issuer or Public Company in order to support the functions and duties
          of the Board of Directors and/or Board of Commissioners, such as the Nomination and Remuneration
          Committee, shall at least contain:
          a. Name and position in committee membership;
          b. Age;
          c. Nationality;
          d. Education;
          e. Position history, including information on:
               • Legal basis for appointment as committee member;
               • Concurrent positions, either as a member of the Board of Commissioners, member of the Board
                   of Directors, and/or committee member and other positions (if any); and
               • Work experience and the period both inside and outside the Issuer or Public Company;
          f. Period and term of office of the committee members;
          g. Description of duties and responsibilities;
          h. Statement that the committee has guidelines or charter;
          i. Statement of committee independence;
          j. Policy and implementation regarding the frequency of committee meetings and the attendance rate
               of committee members in those meetings;
          k. Education and/or training attended in the fiscal year (if any); and
          l. Brief description of the committee’s activities for the fiscal year;
      9. Corporate Secretary, shall at least contain:
          a. Name;
          b. Domicile;
          c. Position history, including information on:
               • Legal basis for appointment as Corporate Secretary; and
               • Work experience and the period both inside and outside the Issuer or Public Company;
          d. Education;
          e. Education and/or training attended in the fiscal year; and
          f. Brief description of the implementation of the duties of the Corporate Secretary for the fiscal year;
      10. Internal Audit Unit, shall at least contain:
          a. Name of the head of the Internal Audit Unit;
          b. Employment history, including information on:
               • Legal basis for appointment as head of the Internal Audit Unit; and
               • Work experience and the period both inside and outside the Issuer or Public Company;
          c. Qualification or certification as an internal audit profession (if any);
          d. Education and/or training attended in the fiscal year;
          e. Structure and position of the Internal Audit Unit;
          f. Description of duties and responsibilities;
          g. Statement that the Internal Audit Unit has guidelines or charter; and
          h. Brief description of the implementation of the internal audit unit’s duties for the fiscal year including
               the policy and implementation of the frequency of meetings with the Board of Directors, Board of
               Commissioners, and/or audit committee;
      11. Description of the internal control system implemented by the Issuer or Public Company, shall at least contain:
          a. Financial and operational control, as well as compliance with other laws and regulations; and
          b. Review of the effectiveness of the internal control system; and
          c. Statement of the Board of Directors and/or Board of Commissioners on the adequacy of the internal
               control system;




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      12. Risk management system implemented by the Issuer or Public Company, shall at least contain:
          a. General description of the risk management system of the Issuer or Public Company;
          b. Types of risks and how to manage them;
          c. Review of the effectiveness of the Issuer’s or Public Company’s risk management system; and
          d. Statement of the Board of Directors and/or the Board of Commissioners or the audit committee on
               the adequacy of the risk management system;
      13. Legal cases cases faced by the Issuer or Public Company, subsidiary, members of the Board of Directors
          and members of the Board of Commissioners (if any), shall at least contain:
          a. Subject matters/claims;
          b. Status of settlement of cases/claims; and
          c. Effect on the condition of the Issuer or Public Company;
      14. Information on administrative sanctions imposed on the Issuer or Public Company, members of the Board
          of Commissioners and Board of Directors, by the Capital Market authorities and other authorities for the
          fiscal year (if any);
      15. Information regarding the code of conduct of the Issuer or Public Company shall contain:
          a. Principles of the code of conduct;
          b. Socialization on the code of conduct and its enforcement efforts; and
          c. Statement that the code of conduct applies to members of the Board of Directors, members of the
               Board of Commissioners, and employees of the Issuer or Public Company;
      16. Brief description of the policy of providing long-term performance-based compensation to management
          and/or employees owned by the Issuer or Public Company (if any), including the management stock
          ownership program (MSOP) and/or program employee stock ownership (ESOP); In terms of providing
          compensation in the form of a management stock ownership program (MSOP) and/or an employee stock
          ownership program (ESOP), the information disclosed shall at least contain:
          a. Number of shares and/or options;
          b. Implementation period;
          c. Requirements for eligible employees and/or management; and
          d. Exercise price or determination of exercise price;
      17. Brief description of the information disclosure policy shall contain:
          a. Share ownership of members of the Board of Directors and members of the Board of Commissioners
               no later than 3 (three) working days after the occurrence of ownership or any change in ownership of
               shares of a Public Company; and
          b. Implementation of the policy;
      18. Description of whistleblowing system at the Issuer or Public Company (if any), including but not limited to:
          a. Method of submitting a violation report;
          b. Protection for whistleblowers;
          c. Complaint handling;
          d. The party managing the complaint; and
          e. Results of the handling of complaints, at least include:
               • Number of complaints received and processed in the fiscal year; and
               • Follow up on complaints;
               In the event that the Issuer or Public Company does not have a whistleblowing system, then this
               matter shall be disclosed.
      19. Description of the anti-corruption policy of the Issuer or Public Company, shall at least contain:
          a. Programs and procedures implemented in overcoming corruption, kickbacks, fraud, bribery and/or
               gratuities in the Issuer or Public Company; and
          b. Anti-corruption training/socialization to employees of the Issuer or Public Company; In the event that
               the Issuer or Public Company does not have an anti-corruption policy, the reasons for not having the
               policy shall be disclosed;
      20. Implementation of the Public Company governance guidelines for Issuers that issue equity securities
          shall contain:
          a. Statement regarding the recommendations that have been implemented; and/or
          b. Explanation of recommendations that have not been implemented, along with reasons and alternative
               implementations (if any).
               Information disclosure may be presented in tables.




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 H. SOCIAL AND ENVIRONMENTAL RESPONSIBILITY OF THE ISSUER OR PUBLIC COMPANY
    1. The information disclosed in the social and environmental responsibility section is a Sustainability Report
       as referred to in the Financial Services Authority Regulation Number 51/POJK.03/2017 concerning
       Implementation of Sustainable Finance for Financial Services Institutions, Issuers, and Public Companies,
       shall at least contain:
       a. Explanation of the sustainability strategy;
       b. Overview of sustainability aspects (economic, social, and environmental);
       c. Brief profile of the Issuer or Public Company;
       d. Explanation of the Board of Directors;
       e. Sustainability governance;
       f. Sustainability performance;
       g. Written verification from an independent party, if any;
       h. Feedback sheet for readers, if any; and
       i. Response of the Issuer or Public Company to the previous year’s report feedback;
    2. The Sustainability Report as referred to in number 1) must be prepared in accordance with the Technical
       Guidelines for the Preparation of a Sustainability Report for Issuers and Public Companies as contained in
       Appendix II which is an integral part of this Financial Services Authority Circular Letter;
    3. Information on the Sustainability Report in number 1) may:
       a. Be disclosed in other relevant sections outside the social and environmental responsibility section,
                                                                                                                                 336-337
            such as the Board of Directors’ explanation regarding the Sustainability Report disclosed in the section
            related to the Board of Directors’ Report; and/or
       b. Refer to other sections outside the social and environmental responsibility section by still referring to
            the Technical Guidelines for the Preparation of Sustainability Report for Issuers and Public Companies
            as listed in Appendix II which is an integral part of this Financial Services Authority Circular Letter, such
            as the profile of the Issuer or Public Company;
    4. The Sustainability Report as referred to in number 1) is an inseparable part of the Annual Report but can
       be presented separately from the Annual Report;
    5. In the event that the Sustainability Report is presented separately from the Annual Report, the information
       disclosed in the Sustainability Report shall:
       a. Contain all the information as referred to in number 1); and
       b. Be prepared in accordance with the Technical Guidelines for the Preparation of a Sustainability Report
            for Issuers and Public Companies as listed in Appendix II which is an integral part of this Financial
            Services Authority Circular Letter;
    6. In the event that the Sustainability Report is presented separately from the Annual Report, then the social
       and environmental responsibility section shall contain information that social and environmental responsibility
       has been disclosed in the Sustainability Report which is presented separately from the Annual Report; and
    7. Submission of the Sustainability Report which is presented separately from the Annual Report must be
       submitted together with the submission of the Annual Report.

 I.   AUDITED ANNUAL FINANCIAL STATEMENTS
      The annual financial statements included in the Annual Report are prepared in accordance with Indonesian
      Financial Accounting Standards and have been audited by an Accountant. The financial statements shall contain
      a statement regarding the accountability for financial statements as regulated in the laws and regulations in                 √
      the Capital Market sector which regulates the responsibilities of the Board of Directors on financial statements
      or the laws and regulations in the Capital Market sector which regulates the periodic reports of Securities
      Companies in the event that the Issuer is a Securities Company; and

 J.   STATEMENT THAT MEMBERS OF THE BOARD OF DIRECTORS AND MEMBERS OF THE BOARD OF
      COMMISSIONERS ARE RESPONSIBLE FOR THE ANNUAL REPORT
      Statement that members of the Board of Directors and members of the Board of Commissioners are responsible
                                                                                                                                  56-57
      for the Annual Report are prepared in accordance with the format of Statement that Members of the Board of
      Directors and Members of the Board of Commissioners are responsible for the Annual Report as contained in
      the Appendix which is an integral part of this Financial Services Authority Circular Letter.




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07
Financial
Statement
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PT BANK MEGA Tbk   2023 Annual Report
Page 348
PT BANK MEGA TBK                         PT BANK MEGA TBK

Laporan Keuangan                              Financial Statements
Untuk Tahun-Tahun yang Berakhir                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022   December 31, 2023 and 2022
Page 349
                                     PT BANK MEGA TBK




                                         Halaman/
Daftar Isi                                 Page                            Table of Contents



Surat Pernyataan Direksi                                         Directors’ Statement Letter

Laporan Auditor Independen                                    Independent Auditor’s Report

Laporan Keuangan                                                    Financial Statements
Untuk Tahun-Tahun yang Berakhir                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                         December 31, 2023 and 2022

Laporan Posisi Keuangan                     1                 Statements of Financial Position

Laporan Laba Rugi dan Penghasilan                       Statements of Profit or Loss and Other
                                            3
Komprehensif Lain                                                     Comprehensive Income

Laporan Perubahan Ekuitas                   4                Statements of Changes in Equity

Laporan Arus Kas                            5                       Statements of Cash Flows

Catatan Atas Laporan Keuangan               7               Notes to the Financial Statements
Page 350

          
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PT BANK MEGA TBK                                                                            PT BANK MEGA TBK
LAPORAN POSISI KEUANGAN                                                      STATEMENTS OF FINANCIAL POSITION
Pada Tanggal 31 Desember 2023 dan 2022                                                December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                      (Expressed in millions Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)

                                        Catatan/
                                         Notes             2023              2022
ASET                                                                                                                       ASSETS
Kas                                        4                      855,222        901,616                                       Cash
Giro pada Bank Indonesia                   5                     6,822,433     8,691,986      Current accounts with Bank Indonesia
Giro pada bank lain                        6                                                      Current accounts with other banks
   Pihak berelasi                          39                         104            101                         Related parties
   Pihak ketiga                                                   645,772        758,672                            Third parties
                                                                  645,876        758,773
Dikurangi:                                                                                                                   Less:
Cadangan kerugian penurunan nilai                                  (1,203)          (1,153)        Allowance for impairment losses
Giro pada bank lain - neto                                        644,673        757,620      Current account with other banks - net
Penempatan pada Bank Indonesia                                                                     Placements with Bank Indonesia
  dan bank lain                            7                                                                    and other banks
  Pihak ketiga                                                   3,356,000     9,164,176                            Third parties
Dikurangi:                                                                                                                    Less:
Cadangan kerugian penurunan nilai                                  (3,373)               --        Allowance for impairment losses
Penempatan pada Bank Indonesia                                                                     Placements with Bank Indonesia
  dan bank lain - neto                                           3,352,627     9,164,176                  and other banks - net
Efek-efek                                  8                                                                             Securities
  Pihak berelasi                           39                   198,288          192,200                          Related parties
  Pihak ketiga                                               37,426,300       38,985,741                            Third parties
                                                             37,624,588       39,177,941
Dikurangi:                                                                                                                   Less:
Cadangan kerugian penurunan nilai                                       --           (915)         Allowance for impairment losses
Efek-efek - neto                                             37,624,588       39,177,026                             Securities - net
Efek-efek yang dibeli dengan janji                                                                      Securities purchased under
  dijual kembali                           9                                                                 agreement to resell
  Pihak ketiga                                                   7,215,441     3,254,705                            Third parties
Tagihan derivatif                          10                                                                 Derivative receivables
  Pihak ketiga                                                     20,974           10,119                           Third parties
Kredit yang diberikan                      11                                                                                Loans
  Pihak berelasi                           39                 1,318,592          880,897                          Related parties
  Pihak ketiga                                               64,986,127       69,430,406                            Third parties
                                                             66,304,719       70,311,303
Pendapatan bunga yang                                                                                                      Unearned
  ditangguhkan                                                    (11,823)      (21,946)                          interest income
                                                             66,292,896       70,289,357
Dikurangi:                                                                                                                   Less:
Cadangan kerugian penurunan nilai                                (604,816)     (572,030)           Allowance for impairment losses
Kredit yang diberikan - neto                                 65,688,080       69,717,327                                 Loans - net
Tagihan akseptasi                         12.a                                                               Acceptance receivable
  Pihak ketiga                                                          --          53,031                          Third parties
Dikurangi:                                                                                                                   Less:
Cadangan kerugian penurunan nilai                                       --             (66)        Allowance for impairment losses
Tagihan akseptasi - neto                                                --          52,965              Acceptance receivable - net
Aset tetap dan aset hak-guna               13                    8,121,885     7,999,048        Fixed assets and right-of-use assets
Dikurangi:                                                                                                                     Less:
  Akumulasi penyusutan                                      (1,924,127)       (1,632,305)              Accumulated depreciation
Aset tetap dan                                                                                                          Fixed assets
  aset hak-guna - neto                                           6,197,758     6,366,743                and right-of-use assets - net
Aset lain-lain                             14                                                                          Other assets
  Pihak berelasi                           39                       15,751        13,848                          Related parties
  Pihak ketiga                                                   3,612,044     3,642,318                            Third parties
                                                                 3,627,795     3,656,166
TOTAL ASET                                                 132,049,591       141,750,449                           TOTAL ASSETS




Catatan terlampir merupakan bagian yang tidak terpisahkan dari               The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                         financial statements taken as a whole

                                                                    1
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PT BANK MEGA TBK                                                                             PT BANK MEGA TBK
LAPORAN POSISI KEUANGAN (Lanjutan)                                 STATEMENTS OF FINANCIAL POSITION (Continued)
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                       (Expressed in millions Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)

                                        Catatan/
                                         Notes              2023              2022

LIABILITAS DAN EKUITAS                                                                                   LIABILITIES AND EQUITY
LIABILITAS                                                                                                               LIABILITIES
Liabilitas segera                           15                    296,179         245,593               Obligations due immediately
Simpanan dari nasabah                                                                                      Deposits from customers
  Giro                                      16                                                                   Current accounts
     Pihak berelasi                         39                  482,783           470,942                       Related parties
     Pihak ketiga                                             9,642,942        12,347,900                         Third parties
                                                             10,125,725        12,818,842
  Tabungan                                  17                                                                    Saving deposits
    Pihak berelasi                          39                  113,643           145,624                        Related parties
    Pihak ketiga                                             15,548,598        14,585,937                          Third parties
                                                             15,662,241        14,731,561
  Deposito berjangka                        18                                                                      Time deposits
    Pihak berelasi                          39                1,717,317         1,827,590                        Related parties
    Pihak ketiga                                             61,930,467        73,571,674                          Third parties
                                                             63,647,784        75,399,264
Simpanan dari bank lain                     19                                                            Deposits from other banks
  Pihak berelasi                            39                   1,202,082        568,738                         Related parties
  Pihak ketiga                                                   2,670,514        977,958                            Third parties
                                                                 3,872,596      1,546,696
Efek-efek yang dijual dengan                                                                                   Securities sold under
   janji dibeli kembali                     20               12,573,231        13,263,387                repurchased agreements
Liabilitas derivatif                        10                   18,931            66,818                        Derivatives payable
Utang pajak penghasilan                    21.a                  59,596           143,076                        Income tax payable
Pinjaman yang diterima                      22                2,909,228         1,856,213                           Fund borrowings
Utang akseptasi                            12.b                       --           53,031                       Acceptance payable
Liabilitas pajak tangguhan - neto          21.f                 156,812            48,996                 Deferred tax liabilities - net
Liabilitas imbalan                                                                                                 Post-employment
   pasca-kerja                              36                    277,530         241,747                          benefits liability
Obligasi subordinasi                        23                                                                  Subordinated bonds
   Pihak berelasi                           39                     48,000            38,000                          Related parties
   Pihak ketiga                                                     2,000            12,000                              Third parties
                                                                   50,000            50,000
Beban yang masih harus                                                                                            Accrued expenses
  dibayar dan liabilitas lain-lain          24                                                                  and other liabilities
  Pihak berelasi                            39                      4,703           5,547                          Related parties
  Pihak ketiga                                                    639,592         645,998                             Third parties
                                                                  644,295         651,545
TOTAL LIABILITAS                                            110,294,148       121,116,769                       TOTAL LIABILITIES
EKUITAS                                                                                                                      EQUITY
Modal saham - nilai nominal                                                                          Share capital - par value Rp500
Rp500 (nilai penuh) per saham                                                                                 (full amount) per share
  Modal dasar                                                                                                    Authorized capital
   - 27.000.000.000 saham                                                                                - 27,000,000,000 shares
Modal ditempatkan dan disetor
  penuh 11.740.923.365 saham                                                                          Issued and fully paid-up capital
  pada tanggal 31 Desember 2023                                                                            11,740,923,365 shares
  dan 2022                                  25                5,870,462         5,870,462      as of December 31, 2023 and 2022
Tambahan modal disetor                      26                6,347,491         6,347,491                   Additional paid-in capital
Penghasilan komprehensif lain - neto   8, 13, 21, 36          3,314,078         3,141,926         Other comprehensive income - net
Cadangan umum                               27                    1,716             1,639                            General reserve
Saldo laba                                                    6,221,696         5,272,162                         Retained earnings
TOTAL EKUITAS                                                21,755,443        20,633,680                            TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS                                132,049,591       141,750,449         TOTAL LIABILITIES AND EQUITY




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                          financial statements taken as a whole

                                                                    2
Page 359
PT BANK MEGA TBK                                                                               PT BANK MEGA TBK
LAPORAN LABA RUGI DAN                                                          STATEMENTS OF PROFIT OR LOSS AND
PENGHASILAN KOMPREHENSIF LAIN                                                      OTHER COMPREHENSIVE INCOME
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                   December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                         (Expressed in millions Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)

                                            Catatan/
                                             Notes           2023              2022
PENDAPATAN DAN                                                                                              OPERATING INCOME AND
 BEBAN OPERASIONAL                                                                                                         EXPENSE
 Pendapatan bunga                            28, 39              10,217,532      9,069,057                            Interest income
 Beban bunga                                 29, 39              (4,685,387)   (3,199,931)                          Interest expense
PENDAPATAN BUNGA - NETO                                            5,532,145     5,869,126                    NET INTEREST INCOME
Pendapatan operasional lainnya                                                                                  Other operating income
 Provisi dan komisi                           30                  1,671,911     1,925,229                       Fees and commissions
 Keuntungan penjualan efek-efek - neto                              535,366       430,738               Gain on sale of securities - net
 Keuntungan transaksi                                                                                         Gain on foreign exchange
   mata uang asing - neto                                            55,255       128,506                           transactions - net
 Keuntungan perubahan nilai                                                                              Gain from the changes in fair
   wajar instrumen keuangan - neto                                   14,794            1,466      value of financial instruments - net
 Lain-lain                                                           10,704           11,339                                     Others
TOTAL
 PENDAPATAN OPERASIONAL LAINNYA                                   2,288,030     2,497,278        TOTAL OTHER OPERATING INCOME
Beban operasional lainnya                                                                                   Other operating expenses
 Provisi dan komisi                           30                   (11,427)       (11,749)                    Fees and commissions
 Beban cadangan kerugian                                                                              Provision for impairment losses
   penurunan nilai aset keuangan                                                                            on financial assets and
   dan aset non-keuangan - neto               31                  (195,318)      (147,840)                non-financial assets - net
 Beban umum dan                                                                                                           General and
   administrasi                              32, 39              (1,817,565)   (1,846,500)                 administrative expenses
 Beban gaji dan                                                                                                  Salary expenses and
   tunjangan lainnya                         33, 39              (1,463,387)   (1,358,753)                         other allowances
TOTAL BEBAN OPERASIONAL LAINNYA                                  (3,487,697)   (3,364,842)     TOTAL OTHER OPERATING EXPENSES
PENDAPATAN OPERASIONAL - NETO                                     4,332,478     5,001,562                  OPERATING INCOME - NET
Pendapatan non-operasional - neto             34                     10,251           26,508                 Non-operating income - Net
LABA SEBELUM BEBAN PAJAK                                          4,342,729     5,028,070            INCOME BEFORE TAX EXPENSE
Beban pajak - neto                            21.b                (832,059)      (975,392)                            Tax expense - net
LABA BERSIH                                                       3,510,670     4,052,678                                 NET INCOME
Penghasilan komprehensif lain:                                                                          Other comprehensive income:
Pos-pos yang tidak akan                                                                              Items that will not be reclassified
  direklasifikasi ke laba rugi:                                                                                      to profit or loss:
  Pengukuran kembali liabilitas                                                                             Remeasurement of post-
    imbalan pasca-kerja - neto                36                   (48,533)       (39,105)         employment benefits liability - net
  Surplus revaluasi aset                      14                         --       589,592                   Asset revaluation surplus
Pos yang akan direklasifikasi                                                                             Item that will be reclassified
  ke laba rugi:                                                                                                      to profit or loss:
  Perubahan nilai wajar efek-efek                                                                   Changes in fair value of securities
     yang diukur pada nilai wajar melalui                                                            measured at fair value through
    penghasilan komprehensif lain - neto       8                    496,444      (313,949)        other comprehensive income - net
TOTAL PENGHASILAN
 KOMPREHENSIF                                                                                                TOTAL COMPREHENSIVE
 TAHUN BERJALAN                                                   3,958,581     4,289,216                   INCOME FOR THE YEAR

LABA PER SAHAM                                                                                                       BASIC EARNINGS
 DASAR                                                                                                                  PER SHARE
 (nilai penuh)                                37                         299            345                            (full amount)




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                 The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                           financial statements taken as a whole

                                                                     3
Page 360
PT BANK MEGA TBK                                                                                                                                                                                                                                            PT BANK MEGA TBK
LAPORAN PERUBAHAN EKUITAS                                                                                                                                                                                                               STATEMENTS OF CHANGES IN EQUITY
Untuk Tahun-tahun yang Berakhir                                                                                                                                                                                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                                                               December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah, kecuali dinyatakan lain)                                                                                                                                                                    (Expressed in millions Rupiah, unless otherwise stated)
                                                                                                                                                                Penghasilan Komprehensif Lain/Other Comprehensive Income
                                                                                                                                                                                                           Keuntungan/
                                                                                                                                                                                                          (kerugian) yang
                                                                                                                                                                                                         belum direalisasi
                                                                                                                                                                                                          atas perubahan
                                                                                                                                                                                                        nilai wajar efek-efek
                                                                                                                                                                                                         yang diukur pada
                                                                                                                                                                                                        nilai wajar melalui
                                                                                                                                                                                 Pengukuran                 penghasilan
                                                                                                                                                                                 kembali atas           komprehensif lain -
                                                                                                                                                                              liabilitas Imbalan               neto/
                                                                Modal                                                                                    Surplus              pasca-kerja - Neto/        Unrealized gain/
                                                            ditempatkan dan         Tambahan                                                            revaluasi             Remeasurement             (loss) on changes         Total penghasilan
                                                            disetor penuh/         modal disetor/        Cadangan                                   aset tetap - neto/             of post-                 in fair value         komprehensif lain/
                                                                Issued              Additional            umum/            Saldo laba/                Revaluation               employment                 through other             Total other
                                                 Catatan/      and fully              paid-in-           General           Retained                    surplus of                  benefits               comprehensive            comprehensive        Total ekuitas/
                                                  Notes     paid-up capital           capital            reserve           earnings                 fixed assets - net           liability - net           income - net                income           Total equity
Saldo 31 Desember 2021                                              3,481,888              2,048,761               1,587        10,473,226                    3,228,899                    (49,143)                  (40,754)              3,139,002          19,144,464         Balance as of December 31, 2021
Laba tahun berjalan 2022                                                      --                    --                --         4,052,678                               --                        --                        --                    --          4,052,678                   Income for the year 2022
Pemindahan surplus aset tetap                                                                                                                                                                                                                                                 Transfer of revaluation surplus of fixed
  ke saldo laba                                                               --                    --                --           233,614                    (233,614)                            --                        --             (233,614)                    --            assets to retained earnings
Surplus revaluasi                                                                                                                                                                                                                                                                             Revaluation surplus of
  aset tetap - neto                                                           --                    --                --                   --                   589,592                            --                        --              589,592             589,592                         fixed assets - net
Pengukuran kembali atas liabilitas                                                                                                                                                                                                                                             Remeasurement of post-employment
  imbalan pascakerja - neto                        36                         --                    --                --                   --                            --                (39,105)                          --              (39,105)            (39,105)                      benefit liability - net
Kerugian dari perubahan nilai atas                                                                                                                                                                                                                                                Unrealized loss on changes in fair
  efek-efek yang diukur pada nilai wajar                                                                                                                                                                                                                                                value of securities through
  melalui penghasilan komprehensif lain - neto     8.g                        --                    --                --                   --                            --                        --               (313,949)               (313,949)           (313,949)       other comprehensive income - net
Dividen tunai                                      27                         --                    --                --        (2,800,000)                              --                        --                        --                    --         (2,800,000)                              Cash dividend
Dividen saham                                      27                 344,706              6,342,598                  --        (6,687,304)                              --                        --                        --                    --                    --                            Stock dividend
Saham bonus                                        27               2,043,868            (2,043,868)                  --                   --                            --                        --                        --                    --                    --                             Bonus shares
Pembentukan cadangan umum                          27                         --                    --               52                  (52)                            --                        --                        --                    --                    --            Allocation for general reserve
Saldo 31 Desember 2022                                              5,870,462              6,347,491               1,639         5,272,162                    3,584,877                    (88,248)                 (354,703)              3,141,926          20,633,680         Balance as of December 31, 2022
Laba tahun berjalan 2023                                                      --                    --                --         3,510,670                               --                        --                        --                    --          3,510,670                   Income for the year 2023
Pemindahan surplus aset tetap                                                                                                                                                                                                                                                 Transfer of revaluation surplus of fixed
  ke saldo laba                                                               --                    --                --           275,759                    (275,759)                            --                        --             (275,759)                    --            assets to retained earnings
Pengukuran kembali atas liabilitas                                                                                                                                                                                                                                             Remeasurement of post-employment
  imbalan pascakerja - neto                        36                         --                    --                --                   --                            --                (48,533)                          --              (48,533)            (48,533)                      benefit liability - net
Keuntungan dari perubahan nilai atas                                                                                                                                                                                                                                              Unrealized loss on changes in fair
  efek-efek yang diukur pada nilai wajar                                                                                                                                                                                                                                                value of securities through
  melalui penghasilan komprehensif lain - neto     8.g                        --                    --                --                   --                            --                        --                  496,444               496,444             496,444        other comprehensive income - net
Dividen tunai                                      27                         --                    --                --        (2,836,818)                              --                        --                        --                    --         (2,836,818)                              Cash dividend
Pembentukan cadangan umum                          27                         --                    --               77                  (77)                            --                        --                        --                    --                    --            Allocation for general reserve
Saldo 31 Desember 2023                                              5,870,462              6,347,491               1,716         6,221,696                    3,309,118                   (136,781)                    141,741             3,314,078          21,755,443         Balance as of December 31, 2023
Catatan terlampir merupakan bagian yang tidak terpisahkan dari                                                                                                                                                                                  The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                                                                                                                                                                                           financial statements taken as a whole
                                                                                                                                                4
Page 361
PT BANK MEGA TBK                                                                                        PT BANK MEGA TBK
LAPORAN ARUS KAS                                                                              STATEMENTS OF CASH FLOWS
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                                  (Expressed in millions Rupiah,
kecuali dinyatakan lain)                                                                               unless otherwise stated)

                                           Catatan/
                                            Notes           2023              2022 *)
ARUS KAS DARI                                                                                                       CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                                         OPERATING ACTIVITIES
 Penerimaan bunga                                                10,340,100      8,713,756                              Interest received
 Penerimaan pendapatan provisi                                                                                   Fees and commissions
   dan komisi - neto                                              1,660,484      1,913,480                      income received - net
 Penerimaan dari kredit yang                                                                                      Recovery from written
    telah dihapus buku                                             311,263         329,861                                    off loans
 Penerimaan dari penjualan                                                                                        Proceeds from sale of
    agunan yang diambil alih                                        55,351         116,695                          foreclosed assets
 Penerimaan pendapatan                                                                                          Other operating income
     operasional lainnya                                            10,704          11,339                                    received
 Pembayaran bunga dan                                                                                    Payments of interest and other
    beban pembiayaan lainnya                                 (4,658,858)        (3,133,722)                         financing charges
 Pembayaran beban operasional lainnya                        (2,907,577)        (2,876,879)       Payments of other operating expenses
 Pembayaran pajak penghasilan                                  (912,589)          (925,476)                      Payment of income tax
 Penerimaan pendapatan                                                                              Non-operating income - net received
     non-operasional - neto                                         20,351          29,521
 Kenaikan/penurunan dalam                                                                               Increase/decrease in operating
      aset dan liabilitas operasi:                                                                            assets and liabilities:
 Aset operasi:                                                                                                       Operating assets:
   Efek-efek                                                 (1,664,764)         (112,465)                                  Securities
   Efek-efek yang dibeli dengan janji                                                                     Securities purchased under
      dijual kembali                                         (3,960,736)        16,531,615                     agreement to resell
   Kredit yang diberikan                                       3,470,465      (10,238,791)                                       Loans
   Aset lain-lain                                              (245,357)           126,522                               Other assets
 Liabilitas operasi:                                                                                              Operating liabilities:
   Liabilitas segera                                                50,586          76,033               Obligations due immediately
   Simpanan dari nasabah:                                                                                   Deposits from customers:
      Giro                                                   (2,693,117)        (3,540,968)                       Current accounts
      Tabungan                                                   928,590            275,381                        Saving deposits
      Deposito berjangka                                    (11,751,480)          7,303,488                          Time deposits
   Simpanan dari bank lain                                     2,325,900          (716,987)                Deposits from other banks
   Efek-efek yang dijual dengan janji                                                                           Securities sold under
      dibeli kembali                                              (690,156)      3,105,352                 repurchased agreement
   Beban yang masih harus dibayar                                                                                  Accrued expenses
      dan liabilitas lain-lain                                     (27,959)      (380,671)                      and other liabilities
Kas neto (digunakan untuk)/                                                                                           Net cash (used in)/
  diperoleh dari aktivitas operasi                          (10,338,799)        16,607,084           provided by operating activities
ARUS KAS DARI                                                                                                        CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                                                         INVESTING ACTIVITIES
 Penerimaan dari penjualan aset                                                                                            Proceeds from
    keuangan yang diukur pada nilai                                                                                    sale of financial
    wajar melalui penghasilan                                                                             assets at fair value through
    komprehensif lain                                            18,677,711     22,745,355              other comprehensive income
 Penerimaan dari penjualan aset tetap                                   834            394           Proceeds from sale of fixed assets
 Pembayaran atas aset keuangan yang                                                                       Payments for financial assets
    diukur pada nilai wajar melalui                                                                        at fair value through other
    penghasilan komprehensif lain                           (14,242,327)      (35,870,192)                    comprehensive income
 Perolehan aset tetap                                                                                         Acquisition of fixed assets
    dan aset hak-guna                                             (146,907)      (319,020)                     and right-of-use assets
Kas neto yang diperoleh dari/                                                                                       Net cash provided by/
  (digunakan untuk) aktivitas investasi                           4,289,311   (13,443,463)               (used in) investing activities


*) Direklasifikasikan (Catatan 50)                                                                           *) As reclassified (Note 50)




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                 The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                          financial statements taken as a whole

                                                                     5
Page 362
PT BANK MEGA TBK                                                                                 PT BANK MEGA TBK
LAPORAN ARUS KAS (Lanjutan)                                                   STATEMENTS OF CASH FLOWS (Continued)
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam jutaan Rupiah,                                                           (Expressed in millions Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)

                                          Catatan/
                                           Notes             2023                  2022 *)
ARUS KAS DARI                                                                                                          CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                                                            FINANCING ACTIVITIES
 Penerimaan pinjaman yang diterima           22                1,909,228              1,856,213             Proceeds from fund borrowings
 Pembayaran pinjaman yang diterima           22                (856,213)              (285,050)               Payments of fund borrowings
 Pembayaran liabilitas sewa                                       (3,729)               (10,568)                Payment of lease liabilities
 Pembayaran dividen tunai                    27              (2,836,818)            (2,800,000)                Payments of cash dividends
Kas neto yang digunakan untuk                                                                                              Net cash used in
  aktivitas pendanaan                                        (1,787,532)            (1,239,405)                       financing activities
(PENURUNAN)/KENAIKAN NETO                                                                                 NET (DECREASE)/INCREASE IN
  KAS DAN SETARA KAS                                         (7,837,020)             1,924,216          CASH AND CASH EQUIVALENTS
KAS DAN SETARA KAS                                                                                        CASH AND CASH EQUIVALENTS
 AWAL TAHUN                                                      19,516,551         17,592,335             AT BEGINNING OF THE YEAR
KAS DAN SETARA KAS                                                                                       CASH AND CASH EQUIVALENTS,
 AKHIR TAHUN                                                     11,679,531         19,516,551              AT THE END OF THE YEAR

Kas dan setara kas terdiri dari:                                                                       Cash and cash equivalents consist of:
 Kas                                                               855,222             901,616                                       Cash
                                                                                                                     Current account with
  Giro pada Bank Indonesia                                        6,822,433          8,691,986                            Bank Indonesia
  Giro pada bank lain                                               645,876            758,773          Current accounts with other banks
  Penempatan pada Bank Indonesia
     dan bank lain - jangka waktu jatuh                                                                  Placements with Bank Indonesia
     tempo 3 bulan atau kurang sejak                                                                   and other banks - maturing within
     tanggal perolehan                                            3,356,000          9,164,176          3 months since acquisition date
Total kas dan setara kas                                         11,679,531         19,516,551            Total cash and cash equivalents


*) Direklasifikasikan (Catatan 50)                                                                              *) As reclassified (Note 50)


Lihat Catatan 47 atas laporan keuangan untuk pengungkapan                     See Note 47 to the financial statements for the supplemental
informasi tambahan arus kas.                                                                         disclosures of cash flows information.




Catatan terlampir merupakan bagian yang tidak terpisahkan dari                     The accompanying notes form an integral part of these
laporan keuangan secara keseluruhan                                                              financial statements taken as a whole

                                                                     6
Page 363
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

1.     Umum                                                 1.     General

1.a.   Pendirian Bank dan Informasi Umum                    1.a.   Establishment of the Bank and General
                                                                   Information
       PT Bank Mega Tbk didirikan di negara                        PT Bank Mega Tbk was established in the
       Republik Indonesia dengan nama PT Bank                      Republic of Indonesia under the business
       Karman berdasarkan akta pendirian No. 32                    name of PT Bank Karman based on Notarial
       tanggal 15 April 1969 yang kemudian diubah                  Deed No. 32 dated April 15, 1969 which was
       dengan akta tanggal 26 November 1969 No.                    amended by Notarial Deed No. 47 dated
       47, kedua akta tersebut dibuat di hadapan Mr.               November 26, 1969, both deeds were effected
       Oe Siang Djie, notaris di Surabaya. Akta                    by Mr. Oe Siang Djie, notary in Surabaya. The
       pendirian ini disahkan oleh Menteri Kehakiman               deed of establishment was approved by the
       Republik Indonesia dalam Surat Keputusan No.                Minister of Justice of the Republic of Indonesia
       J.A 5/8/1 tanggal 16 Januari 1970 dan telah                 in its Decision Letter No. J.A 5/8/1 dated
       diumumkan dalam Tambahan No. 55 pada                        January 16, 1970 and was published in
       Berita Negara Republik Indonesia No. 13.                    Supplement No. 55 to the State Gazette of the
       Anggaran dasar Bank telah mengalami                         Republic of Indonesia No. 13. The articles of
       beberapa kali perubahan, perubahan terakhir                 association have been amended several times,
       dilakukan dengan Akta Notaris Dharma                        with the latest amendment effected by Notarial
       Akhyuzi, S.H., No. 17 tanggal 23 Maret 2022                 Deed No. 17 of Dharma Akhyuzi, S.H., dated
       mengenai perubahan modal ditempatkan dan                    March 23, 2022, regarding changes in issued
       disetor. Perubahan tersebut telah diterima dan              and paid-up capital. The amendment has been
       dicatat oleh Menteri Hukum dan Hak Asasi                    accepted and recorded by the Minister of Law
       Manusia Republik Indonesia dalam Surat                      and Human Rights of the Republic of
       Keputusan       No.    AHU-AH.01.03-0195605                 Indonesia in Decree No. AHU-AH.01.03-
       tanggal 23 Maret 2022. Perubahan ini juga                   0195605, dated March 23, 2022. This change
       telah didaftarkan dalam Daftar Perseroan                    has also been registered in the Register of
       dengan No. AHU-0057461.AH.01.11.Tahun                       Companies with No. AHU-0057461.AH.01.11
       2022 tanggal 23 Maret 2022.                                 Year 2022, dated March 23, 2022.

       Bank mulai beroperasi secara komersial sejak                The Bank started its commercial operations in
       tahun 1969 di Surabaya. Pada tahun 1992                     1969 in Surabaya. In 1992, the Bank changed
       nama Bank berubah menjadi PT Mega Bank                      its name to PT Mega Bank and on January 17,
       dan pada tanggal 17 Januari 2000 berubah                    2000 was changed to PT Bank Mega Tbk.
       menjadi PT Bank Mega Tbk.

       PT Mega Corpora adalah entitas induk dari                   PT Mega Corpora is the parent entity of the
       Bank. Entitas induk terakhir Bank adalah CT                 Bank. The ultimate holding entity of the Bank is
       Corpora.                                                    CT Corpora.

       Sesuai dengan Pasal 3 anggaran dasar Bank,                  According to Article 3 of the Bank’s articles of
       ruang lingkup kegiatan usaha Bank adalah                    association, the Bank is engaged in general
       menjalankan kegiatan umum perbankan. Bank                   banking activities. The Bank was granted with
       memperoleh izin usaha sebagai bank umum                     the license to conduct general banking
       berdasarkan    Surat    keputusan   Menteri                 activities based on the decision letter of the
       Keuangan Republik Indonesia No. D.15.6.5.48                 Minister of Finance of the Republic of
       tanggal 14 Agustus 1969. Pada tanggal 2                     Indonesia No. D.15.6.5.48 dated August 14,
       Agustus 2000, Bank memperoleh izin untuk                    1969. On August 2, 2000, the Bank was
       menyelenggarakan kegiatan usaha sebagai                     granted with the license to conduct custodian
       wali amanat dari Badan Pengawas Pasar                       activities by the Capital Market and Financial
       Modal - Lembaga Keuangan (“BAPEPAM-LK”).                    Institution Supervisory Agency ("BAPEPAM-
       Bank juga memperoleh izin untuk menjalankan                 LK"). The Bank was also granted with the
       aktivitas sebagai bank devisa berdasarkan                   license to conduct foreign exchange activities
       surat keputusan Deputi Gubernur Senior Bank                 based on the decision letter of Senior Deputy
       Indonesia No. 3/1/KEP/DGS/2001 tanggal                      Governor       of    Bank     Indonesia     No.
       31 Januari 2001.                                            3/1/KEP/DGS/2001 dated January 31, 2001.



                                                        7
Page 364
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

       Kantor Pusat Bank berlokasi di Menara Bank                 The Bank’s Head Office is located at Menara
       Mega JI. Kapten Tendean 12-14A, Jakarta.                   Bank Mega, Jl. Kapten Tendean 12-14A,
       Bank memiliki kantor sebagai berikut (tidak                Jakarta. The Bank has the following offices
       diaudit):                                                  (unaudited):
                                              2023                  2022
       Kantor Wilayah                          8                      8                              Regional Offices
       Kantor Fungsional                       3                      2                             Functional Offices
       Kantor Cabang                          55                     55                                     Branches
       Kantor Cabang Pembantu                 312                    326                               Sub-branches

1.b.   Penawaran Umum Saham Bank dan                       1.b.   The Bank’s Public Offerings and Increase
       Penambahannya                                              of Share Capital
       Sesuai dengan Keputusan Rapat Umum                         Based on the decision of Extraordinary
       Pemegang      Saham      Luar    Biasa  yang               General Meeting of Shareholders held on
       diselenggarakan pada tanggal 17 Januari 2000               January 17, 2000, which was notarized under
       yang diaktakan dengan Akta Notaris Imas                    Notarial Deed No. 9 of lmas Fatimah, S.H., the
       Fatimah, S.H., No 9. Bank telah melakukan                  Bank conducted an initial public offering of its
       penawaran umum saham perdana kepada                        112,500,000 shares with par value of Rp500
       masyarakat sebanyak 112.500.000 saham                      (full amount) per share at offering price of
       dengan nilai nominal Rp500 (nilai penuh) per               Rp1,200 (full amount) per share. On March 15,
       saham dan harga penawaran Rp1.200 (nilai                   2000, in accordance with the letter from the
       penuh) per saham. Pada tanggal 15 Maret                    chairman      of    BAPEPAM-LK          No.     S-
       2000 sesuai dengan surat ketua BAPEPAM-LK                  493/PM/2000,      the     Bank’s      Registration
       No. S-493/PM/2000, Pernyataan Pendaftaran                  Statement for the initial public offering became
       Bank untuk menerbitkan saham kepada                        effective and on April 17, 2000, the shares
       masyarakat di Indonesia menjadi efektif dan                were listed and traded in the Indonesia Stock
       pada tanggal 17 April 2000 saham-saham yang                Exchange.
       ditawarkan      tersebut      dicatat    dan
       diperdagangkan di Bursa Efek Indonesia.

       Sesuai dengan Keputusan Rapat Umum                         Based on the decision of Extraordinary
       Pemegang       Saham      Luar   Biasa   yang              General Meeting of Shareholder held on
       diselenggarakan pada tanggal 29 Maret 2001,                March 29, 2001, which was notarized under
       yang diaktakan dengan Akta Notaris Imas                    Notarial Deed No. 21 of lmas Fatimah, S.H.,
       Fatimah, S.H., No. 21, Bank telah membagikan               the Bank declared bonus shares of Rp69,526
       saham bonus sebesar Rp69.526 dengan                        by issuing 139,052,000 bonus shares at par
       menerbitkan sejumlah 139.052.000 saham                     value of Rp500 (full amount) per share which
       bonus dengan nilai nominal Rp500 (nilai                    came from additional paid-in capital and
       penuh) per saham yang berasal dari tambahan                declared stock dividends of Rp63,785 or
       modal disetor - agio saham dan membagikan                  56,698,000 shares which came from retained
       dividen saham sebesar Rp63.785 atau                        earnings using the closing price of the Bank’s
       sejumlah 56.698.000 saham yang berasal dari                shares published by the Indonesian Stock
       saldo laba dengan menggunakan harga                        Exchange on March 28, 2001, at Rp1,125 (full
       penutupan saham Bank di Bursa Efek                         amount) per share. Accordingly, the issued
       Indonesia tanggal 28 Maret 2001 yaitu sebesar              and fully paid-up capital of the Bank increased
       Rp1.125 (nilai penuh) per saham. Dengan                    to Rp379,125 which represent 758,250,000
       demikian, modal saham ditempatkan dan                      shares.
       disetor penuh meningkat menjadi Rp379.125
       yang terdiri dari 758.250.000 saham.

       Sesuai dengan Keputusan Rapat Umum                         Based on the Decision of Extraordinary
       Pemegang      Saham    Luar    Biasa   yang                General Meeting of Shareholders held on
       diselenggarakan pada tanggal 22 Mei 2002                   May 22, 2002, which was notarized under
       yang diaktakan dengan Akta Notaris Imas                    Notarial Deed No. 33 of Imas Fatimah, S.H.,
       Fatimah, S.H., No. 33, Bank telah melakukan                the Bank offered Limited Public Offering I with
       Penawaran Umum Terbatas I dengan Hak                       Pre-emptive Rights of 181,980,000 shares at
       Memesan Efek Terlebih Dahulu seluruhnya                    par value of Rp500 (full amount) per share at

                                                       8
Page 365
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     181.980.000 saham dengan nilai nominal              offering price of Rp1,100 (full amount) per
     Rp500 (nilai penuh) per saham dan harga             share.
     penawaran sebesar Rp1.100 (nilai penuh) per
     saham.

     Dengan Penawaran Umum Terbatas ini, modal           With this Limited Public Offering, the issued
     saham ditempatkan dan disetor penuh menjadi         and fully paid-up share capital of the Bank
     sebesar      Rp470.115    yang   terdiri dari       became Rp470,115 representing 940,230,000
     940.230.000 saham. Penawaran Umum                   shares. The Limited Public Offering I with Pre-
     Terbatas I dengan Hak Memesan Efek Terlebih         emptive Rights became effective through the
     Dahulu tersebut telah memperoleh pernyataan         chairman of BAPEPAM-LK’s letter No. S-
     efektif dari ketua BAPEPAM-LK pada tanggal          1023/PM/2002 dated May 20, 2002.
     20 Mei 2002 melalui surat No.S-1023/PM/2002.

     Sesuai dengan Keputusan Rapat Umum                  Based on the Decision of Extraordinary
     Pemegang       Saham      Luar    Biasa yang        General Meeting of Shareholders held on
     diselenggarakan pada tanggal 10 Maret 2005          March 10, 2005, which was notarized under
     yang diaktakan dengan Akta Notaris Imas             Notarial Deed No. 22 of Imas Fatimah, S.H.,
     Fatimah, S.H., No. 22, Bank telah membagikan        the Bank declared bonus shares of Rp141,034
     saham bonus sebesar Rp141.034 dengan                by issuing 282,068,998 bonus shares at par
     menerbitkan sejumlah 282.068.998 saham              value of Rp500 (full amount) per share, which
     bonus dengan nilai nominal Rp500 (nilai             came from aditional paid-in capital and
     penuh) per saham yang berasal dari tambahan         declared stock dividends of Rp477,260
     modal disetor - agio saham dan membagikan           representing 203,089,644 shares, which came
     dividen saham sebesar Rp477.260 atau                from retained earnings using the closing price
     sejumlah 203.089.644 saham yang berasal dari        published by the Indonesian Stock Exchange
     saldo laba dengan menggunakan harga                 on March 9, 2005, at Rp2,350 (full amount) per
     penutupan saham Bank di Bursa Efek                  share. Accordingly, the issued and fully paid-in
     Indonesia tanggal 9 Maret 2005 yaitu sebesar        share capital increased to Rp712,694 which
     Rp2.350 (nilai penuh) per saham. Dengan             represent 1,425,388,642 shares.
     demikian, modal saham ditempatkan dan
     disetor penuh meningkat menjadi Rp712.694
     yang terdiri dari 1.425.388.642 saham.

     Sesuai dengan Keputusan Rapat Umum                  Based on the Decision of Extraordinary
     Pemegang       Saham      Luar    Biasa yang        General Meeting of Shareholders held on
     diselenggarakan pada tanggal 24 Maret 2006          March 24, 2006, as notarized under Notarial
     yang diaktakan dengan Akta Notaris Imas             Deed No. 98 of Imas Fatimah, S.H., it is
     Fatimah, S.H., No. 98, disetujui untuk              resolved to offer Limited Public Offering Il with
     melakukan Penawaran Umum Terbatas II                Pre-emptive Rights representing 200,054,546
     dengan Hak Memesan Efek Terlebih dahulu             shares at par value of Rp500 (full amount) per
     sejumlah 200.054.546 saham dengan nilai             share at offering price of Rp2,500 (full amount)
     nominal Rp500 (nilai penuh) per saham dengan        per share. With this Limited Public Offering II,
     harga penawaran sebesar Rp2.500 (nilai              the issued and fully paid-in share capital of the
     penuh) per saham. Dengan Penerbitan Umum            Bank became Rp812,722 which represent
     Terbatas II ini, modal saham ditempatkan dan        1,625,443,188 shares.
     disetor penuh menjadi sebesar Rp812.722
     yang terdiri dari 1.625.443.188 saham.

     Keputusan Rapat Umum Pemegang Saham                 The decision of Annual General Meeting of
     Tahunan yang diselenggarakan pada tanggal           Shareholders held on May 20, 2009 as
     20 Mei 2009 yang diaktakan dengan Akta              notarized under Notarial Deed No. 49 on the
     Notaris Imas Fatimah, S.H., No. 49 pada             same date by lmas Fatimah, S.H., declared
     tanggal yang sama, menyetujui pembagian             bonus shares at a maximum of 1,555,781,337
     saham         bonus     sebanyak-banyaknya          shares which came from additional paid-in
     1.555.781.337 saham yang berasal dari               capital amounted to Rp777,890 which was
     kapitalisasi agio saham sebesar Rp777.890           distributed proportionaly to the listed

                                                     9
Page 366
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

     yang dibagikan kepada para pemegang saham               shareholders (Recording Date) with a ratio of
     secara proporsional dengan ketentuan saham              67 new shares with par value of Rp500 (full
     bonus akan dibagikan kepada pemegang                    amount) per share for every 70 shares owned
     saham yang tercatat pada daftar pemegang                by each shareholder, provided that any
     saham yang berhak (Recording Date) dengan               remaining fractional shares due to the division
     rasio setiap pemegang 70 saham berhak                   based on the ratio are returned to the Bank.
     mendapatkan 67 saham baru dengan harga                  With the declaration of these bonus shares, the
     sebesar nilai nominal yaitu Rp500 (nilai penuh)         issued and fully paid-in share capital of the
     setiap saham dengan ketentuan apabila                   Bank became Rp1,590,612 which represent
     terdapat    sisa   pecahan     saham      akibat        3,181,224,188 shares.
     pembagian berdasarkan rasio tersebut maka
     sisa pecahan tersebut dikembalikan kepada
     Bank. Dengan pembagian saham bonus ini,
     modal saham ditempatkan dan disetor penuh
     menjadi sebesar Rp1.590.612 yang terdiri dari
     3.181.224.188 saham.

     Pendaftaran Umum Terbatas II dengan Hak                 The Limited Public Offering II with Pre-emptive
     Memesan Efek Terlebih Dahulu tersebut telah             Rights became effective through the chairman
     memperoleh pernyataan efektif dari ketua                of BAPEPAM-LK letter No. S-702/PM/2006
     BAPEPAM-LK pada tanggal 23 Maret 2006                   dated March 23, 2006. According to the
     melaIui surat No. S-702/PM/2006. Sehubungan             decision of Extraordinary General Meeting of
     dengan hasil keputusan Rapat Umum                       Shareholders held on June 5, 2008, which was
     Pemegang Saham Luar Biasa pada tanggal                  notarized under Notarial Deed No. 03 on the
     5 Juni 2008, sebagaimana dinyatakan dalam               same date by Imas Fatimah, S.H., the
     Akta Notaris Imas Fatimah, S.H., No. 03 pada            shareholders approved, among others, the
     tanggal yang sama, pemegang saham Bank                  increase of the Banks authorized share capital
     telah menyetujui antara lain peningkatan modal          from Rp900,000 representing 1,800,000,000
     dasar Bank dari Rp900.000 terdiri dari                  shares     to     Rp3,200,000       representing
     1.800.000.000 saham menjadi Rp3.200.000                 6,400,000,000 shares. The amendment of the
     terdiri dari 6.400.000.000 saham. Perubahan             Banks articles of association was received and
     anggaran dasar tersebut telah diterima dan              registered by the Minister of Law and Human
     dicatat oleh Menteri Hukum dan Hak Asasi                Right of the Republic of Indonesia in its
     Manusia Republik Indonesia dalam Surat                  Decision Letter No. AHU-45346.AH.01.02 Year
     Keputusan No. AHU-45346.AH.01.02 tanggal                2008 dated July 28, 2008. This amendment
     28 Juli 2008. Perubahan ini juga telah                  was also registered under the Corporate
     didaftarkan dalam Daftar Perusahaan dengan              Registration       under        No.       AHU-
     No. AHU-0064063.AH.01.09 tanggal 28 Juli                0064063.AH.01.09 Year 2008 dated July 28,
     2008.                                                   2008.

     Keputusan Rapat Umum Pemegang Saham                     The decision of Annual General Meeting of
     Tahunan yang diselenggarakan pada tanggal               Shareholders held on May 12, 2011 as
     12 Mei 2011 yang diaktakan dengan Akta                  notarized under Notarial Deed No. 02 on the
     Notaris Dharma Akhyuzi, S.H., No. 02 pada               same date by Dharma Akhyuzi, S.H., declared
     tanggal yang sama, menyetujui pembagian                 the issuance of 464,731,862 stock dividends
     dividen saham sebanyak 464.731.862 saham                which came from retained earnings at an
     yang berasal dari saldo laba maksimum                   amount not to exceed Rp1,603,325 with par
     sebesar Rp1.603.325 dengan harga sebesar                value of Rp500 (full amount) per share,
     nilai nominal yaitu Rp500 (nilai penuh) setiap          provided that any remaining fractional shares
     saham, dengan ketentuan apabila terdapat sisa           are returned to the Bank. With the declaration
     pecahan saham akibat pembagian berdasarkan              of these stock dividends, the issued and fully
     rasio tersebut maka sisa pecahan tersebut               paid-in share capital of the Bank became
     dikembalikan      kepada    Bank.     Dengan            Rp1,822,978 which represent 3,645,956,050
     pembagian dividen saham ini, modal saham                shares.
     ditempatkan dan disetor penuh menjadi
     sebesar Rp1.822.978 yang terdiri dari
     3.645.956.050 saham.

                                                        10
Page 367
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

     Keputusan Rapat Umum Pemegang Saham                   The decision of Annual General Meeting of
     Tahunan yang diselenggarakan pada tanggal             Shareholders held on April 17, 2013, as
     17 April 2013 yang diaktakan dengan Akta              notarized under Notarial Deed No. 08 on the
     Notaris Dharma Akhyuzi, S.H., No. 08 pada             same date by Dharma Akhyuzi, S.H., declared
     tanggal yang sama, menyetujui pembagian               the issuance of 167,713,978 stock dividends
     dividen saham sebanyak 167.713.978 saham              which came from retained earnings at an
     yang berasal dari saldo laba maksimum                 amount not to exceed Rp684,568 with par
     sebesar Rp684.568 dengan harga sebesar nilai          value of Rp500 (full amount) per share,
     nominal yaitu Rp500 (nilai penuh) setiap              provided that any remaining fractional shares
     saham, dengan ketentuan apabila terdapat sisa         are returned to the Bank.
     pecahan saham akibat pembagian berdasarkan
     rasio tersebut maka sisa pecahan tersebut
     dikembalikan kepada Bank.

     Sesuai dengan Keputusan Rapat Umum                    Based on the Decision of Extraordinary
     Pemegang         Saham     Luar   Biasa   yang        General Meeting of Shareholders held on
     diselenggarakan pada tanggal 17 April 2013,           April 17, 2013 as notarized under notarial deed
     yang diaktakan dengan Akta Notaris Dharma             No. 09 on the same date by Dharma Akhyuzi,
     Akhyuzi, S.H., No. 09 pada tanggal yang sama,         S.H., the Bank declared bonus shares at a
     Bank telah membagikan saham bonus                     maximum of 2,741,758,949 shares which
     maksimum sebanyak 2.741.758.949 saham                 came from additional paid-in capital maximum
     yang berasal dari tambahan modal disetor              amounted to Rp1,370,959 which was
     maksimum         sebesar    Rp1.370.959   yang        distributed proportionaly to the shareholders
     dibagikan kepada para pemegang saham                  with a ratio of 376 bonus shares with par value
     secara proporsional dengan rasio pembagian            of Rp500 (full amount) per share for every 500
     setiap pemegang 500 saham memperoleh 376              shares owned by each shareholder, and
     saham bonus dengan harga sebesar nilai                declared stock dividends at a maximum of
     nominal yaitu Rp500 (nilai penuh) per saham           408,347,077 stock dividends which came from
     dan membagikan dividen saham maksimum                 retained earnings with a ratio for every 500
     sebanyak 408.347.077 dividen saham yang               shares owned by each shareholder received
     berasal dari saldo laba dengan rasio                  56 shares which was distributed proportionally
     pembagian setiap pemegang 500 saham                   at an amount not to exceed Rp1,664,849 using
     memperoleh 56 saham yang dibagikan secara             the closing price of the Bank’s shares
     proporsional maksimum sebesar Rp1.664.849             published by the Indonesia Stock Exchange on
     dengan menggunakan harga penutupan saham              April 16, 2013 at Rp4,050 (full amount) per
     Bank di Bursa Efek Indonesia tanggal 16 April         share, provided that any remaining fractional
     2013 yaitu sebesar Rp4.050 (nilai penuh) per          shares are returned to the Bank. With the
     saham, dengan ketentuan apabila terdapat sisa         declaration of these bonus shares and stock
     pecahan saham akibat pembagian berdasarkan            dividends, the issued and fully paid-in share
     rasio tersebut maka sisa pecahan tersebut             capital of the Bank became Rp3,481,888 which
     dikembalikan        kepada     Bank.    Dengan        represent 6,963,775,206 shares.
     pembagian saham bonus dan dividen saham
     ini, modal saham ditempatkan dan disetor
     penuh menjadi sebesar Rp3.481.888 yang
     terdiri dari 6.963.775.206 saham.

     Sesuai dengan Keputusan Rapat Umum                    Based on the Decision of the Annual General
     Pemegang       Saham       Tahunan      yang          Meeting of Shareholders held on February 25,
     diselenggarakan pada tanggal 25 Februari              2022, which was notarized under Notarial
     2022, yang diaktakan dengan akta notaris              Deed No.09 of Dharma Akhyuzi, S.H., on the
     Dharma Akhyuzi, S.H., No. 09 pada tanggal             same date, the Bank declared bonus shares of
     yang sama, Bank telah membagikan saham                Rp2,043,868 by issuing 4,087,736,045 bonus
     bonus sebanyak 4.087.736.045 saham pada               shares at par value of Rp500 (full amount) per
     harga sebesar nilai nominal yaitu Rp500 (nilai        share, which came from the additional paid-up
     penuh) setiap saham, yang berasal dari                capital which were distributed to shareholders
     tambahan modal disetor sebesar Rp2.043.868            in proportion to the distribution ratio for each
     yang dibagikan kepada para pemegang saham             holder of 1,000 shares receiving 587 bonus

                                                      11
Page 368
PT BANK MEGA TBK                                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                            Unless Otherwise Stated)

       secara proporsional dengan rasio pembagian                               shares and declared stock dividends of
       setiap pemegang 1.000 saham memperoleh                                   689,413,745 shares which came from the
       587 saham bonus dengan harga sebesar nilai                               retained earnings with a distribution ratio for
       nominal yaitu Rp500 (nilai penuh) per saham                              each holder of 1,000 shares obtaining 99
       dan membagikan dividen saham sebanyak                                    shares distributed proportionally in the amount
       689.413.745 saham yang berasal dari                                      of Rp6,687,304 using the closing price of the
       kapitalisasi saldo laba dengan rasio pembagian                           Bank's shares on the Indonesia Stock
       setiap pemegang 1.000 saham memperoleh 99                                Exchange dated March 11, 2022, at Rp9,700
       saham yang dibagikan secara proporsional                                 (full amount) per share, provided that any
       sebesar Rp6.687.304 dengan menggunakan                                   remaining fractional shares are returned to the
       harga penutupan saham Bank di Bursa Efek                                 Bank. With the declaration of these bonus
       Indonesia tanggal 11 Maret 2022 yaitu Rp9.700                            shares and stock dividends, the issued and
       (nilai penuh) per saham, dengan ketentuan                                fully paid-in share capital of the Bank became
       apabila terdapat sisa pecahan saham akibat                               Rp5,870,462 which represent 11,740,923,365
       pembagian berdasarkan rasio tersebut maka                                shares.
       sisa pecahan tersebut dikembalikan kepada
       Bank. Dengan pembagian saham bonus dan
       dividen saham ini, modal saham ditempatkan
       dan     disetor    penuh    menjadi    sebesar
       Rp5.870.462 yang terdiri dari 11.740.923.365
       saham.

1.c.   Dewan Komisaris, Direksi, Komite Audit dan                      1.c.     Boards of Commissioners, Directors, Audit
       Karyawan                                                                 Committee and Employees
       Susunan Dewan Komisaris dan Direksi Bank                                 The composition of the Bank’s Boards of
       pada tanggal 31 Desember 2023 dan 2022,                                  Commissioners   and    Directors    as     of
       adalah sebagai berikut:                                                  December 31, 2023 and 2022 are as follows:

                                                     2023                             2022
       Dewan Komisaris:                                                                                       Board of Commisioners:
        Komisaris Utama                          Chairul Tanjung              Chairul Tanjung                 President Commissioner
        Wakil Komisaris Utama                   Yungky Setiawan              Yungky Setiawan           Deputy President Commissioner
        Komisaris Independen                  Achjadi Ranuwisastra         Achjadi Ranuwisastra            Independent Commissioner
        Komisaris Independen                 Lambock V Nahattands         Lambock V Nahattands             Independent Commissioner
        Komisaris Independen                       Hizbullah *)                      --                    Independent Commissioner

       Direksi:                                                                                                        Board of Directors:
         Direktur Utama                        Kostaman Thayib                 Kostaman Thayib                         President Director
         Wakil Direktur Utama                   Indivara Erni **)                      --                      Deputy President Director
         Wakil Direktur Utama                 Lay Diza Larentie***)                    --                      Deputy President Director
         Direktur Risiko                               --                        Indivara Erni                              Risk Director
         Direktur Consumer Banking                     --                      Lay Diza Larentie             Consumer Banking Director
         Direktur Kredit                        Madi D Lazuardi                Madi D Lazuardi                             Loan Director
         Direktur Treasuri dan                                                                                 Treasury and International
           International Banking                Martin Mulwanto                 Martin Mulwanto                       Banking Director
         Direktur Kepatuhan dan                                                                          Compliance and Human Capital
           Sumber Daya Manusia                   Yuni Lastianto                  Yuni Lastianto                                Director
         Direktur Operasi                                                                                            Operational Director
           (d/h Direktur Operasi dan          C Guntur Triyudianto            C Guntur Triyudianto         (previously Operational and
           Teknologi Informasi)                                                                      Information Technology Director)
         Direktur Teknologi Informasi         Y. B Hariantono ****)                    --               Information Technology Director

       *)    Pengangkatan     Hizbullah    sebagai  Komisaris                   *)   The appointment of Hizbullah as an Independent
             Independen telah mendapatkan persetujuan dari                           Commissioner has been approved by Financial
             Otoritas Jasa Keuangan melalui Surat Keputusan                          Services Authority through Decision Letter No.
             No. KEPR-81/D.03/2023 tanggal 25 Agustus 2023.                          KEPR-81/D.03/2023 dated August 25, 2023.
       **)   Pengangkatan Indivara Erni sebagai Wakil Direktur                  **) The appointment of Indivara Erni as a Deputy
             Utama telah mendapatkan persetujuan dari Otoritas                       President Director has been approved by Financial
             Jasa Keuangan melalui Surat Keputusan No. KEPR-                         Services Authority through Decision Letter No.
             42/D.03/2023 tanggal 06 Juni 2023.                                      KEPR-42/D.03/2023 dated June 06, 2023.




                                                                  12
Page 369
PT BANK MEGA TBK                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)

     ***) Pengangkatan Lay Diza Larentie sebagai Wakil                      ***) The appointment of Lay Diza Larentie as a Deputy
           Direktur Utama telah mendapatkan persetujuan dari                      President Director has been approved by Financial
           Otoritas Jasa Keuangan melalui Surat Keputusan                         Services Authority through Decision Letter No.
           No. KEPR-41/D.03/2023 tanggal 06 Juni 2023.                            KEPR-41/D.03/2023 dated June 06, 2023.
     ****) Pengangkatan Y. B Hariantono sebagai Direktur                    ****) The appointment of Y. B Hariantono as a Information
           Teknologi Informasi telah mendapatkan persetujuan                      Technology Director has been approved by Financial
           dari Otoritas Jasa Keuangan melalui Surat                              Services Authority through Decision Letter No.
           Keputusan No. KEPR-4/D.03/2023 tanggal 20 Maret                        KEPR-4/D.03/2023 dated March 20, 2023.
           2023.

     Susunan Komite Audit Bank pada tanggal                                 The composition of the Bank’s Audit
     31 Desember 2023 dan 2022 adalah sebagai                               Committee as of December 31, 2023 and 2022
     berikut:                                                               is as follows:

                                                   2023                          2022
     Ketua                                       Hizbullah               Lambock V Nahattands                               Chairman
     Anggota                                   Purwo Junianto                Purwo Junianto                                  Member
     Anggota                               Ivan Purnama Sanoesi          Ivan Purnama Sanoesi                                Member


     Pembentukan Komite Audit Bank telah                                    The establishment of Bank’s Audit Committee
     dilakukan sesuai dengan Peraturan OJK                                  has complied with OJK Regulation No.
     No. 55/POJK.04/2015 tanggal 29 Desember                                55/POJK.04/2015 dated December 29, 2015.
     2015.

     Dewan Komisaris dan Direksi pada tanggal                               The Boards of Commissioners and Directors
     31 Desember 2023 ditentukan berdasarkan                                as of December 31, 2023 were appointed
     Rapat Umum Pemegang Saham Tahunan                                      based on the decision of Annual General
     pada tanggal 24 Februari 2023, yang berita                             Meeting of Shareholders held on February 24,
     acaranya telah diaktakan dengan akta notaris                           2023, the minutes of which were notarized
     No. 07, Dharma Akhyuzi, S.H., pada tanggal                             through Notarial Deed No. 07 of Dharma
     yang sama.                                                             Akhyuzi, S.H., on the same date.

     Dewan Komisaris dan Direksi pada tanggal                               The Boards of Commissioners and Directors
     31 Desember 2022 ditentukan berdasarkan                                as of December 31, 2022 were appointed
     Rapat Umum Pemegang Saham Tahunan                                      based on the decision of Annual General
     pada tanggal 25 Februari 2022, yang berita                             Meeting of Shareholders held on February 25,
     acaranya telah diaktakan dengan akta notaris                           2022, the minutes of which were notarized
     No. 09, Dharma Akhyuzi, S.H., pada tanggal                             through Notarial Deed No. 09 of Dharma
     yang sama.                                                             Akhyuzi, S.H., on the same date.

     Pada tanggal 31 Desember 2023 dan 2022,                                As of December 31, 2023 and 2022, the Bank
     Bank memiliki karyawan tetap masing-masing                             has 4,572 and 4,553 permanent employees
     4.572 dan 4.553 orang (tidak diaudit).                                 (unaudited), respectively.


2.   Ikhtisar Kebijakan Akuntansi yang Material                     2.      Summary of Material Accounting Policies

     Kebijakan akuntansi utama yang diterapkan                              The principal accounting policies adopted in
     dalam penyusunan laporan keuangan Bank                                 preparing the financial statements of the Bank
     adalah seperti dijabarkan di bawah ini:                                are set out below:

     Pernyataan Kepatuhan                                                   Statement of Compliance
     Laporan keuangan Bank telah disusun dan                                The Bank’s financial statements were prepared
     disajikan sesuai dengan Standar Akuntansi                              and presented in accordance with Indonesian
     Keuangan di Indonesia yang meliputi                                    Financial Accounting Standards which include
     Pernyataan Standar Akuntansi Keuangan                                  the Statement of Financial Accounting
     (PSAK) dan Interpretasi Standar Akuntansi                              Standards (PSAK) and Interpretation of
     Keuangan (ISAK) yang diterbitkan oleh Dewan                            Financial Accounting Standards (ISAK) issued


                                                               13
Page 370
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

     Standar Akuntansi Keuangan–Ikatan Akuntan                   by the Financial Accounting Standard
     Indonesia (DSAK–IAI), serta peraturan Pasar                 Board–Indonesian Institute of Accountant
     Modal yang berlaku antara lain Peraturan                    (DSAK–IAI), and regulations in the Capital
     Otoritas Jasa Keuangan/Badan Pengawas                       Market include Regulations of Financial
     Pasar Modal dan Lembaga Keuangan                            Sevices     Authority/Capital    Market    and
     (OJK/Bapepam-LK) No. VIII.G.7 tentang                       Supervisory Board and Financial Institution
     pedoman     penyajian    laporan   keuangan,                (OJK/Bapepam-LK) No. VIII.G.7 regarding
     keputusan          Ketua         Bapepam-LK                 guidelines for the presentation of financial
     No. KEP-347/BL/2012 tentang penyajian dan                   statements, decree of Chairman of Bapepam-
     pengungkapan laporan keuangan emiten atau                   LK      No.    KEP-347/BL/2012        regarding
     perusahaan publik.                                          presentation and disclosure of financial
                                                                 statements of the issuer or public company.

2.a. Dasar penyusunan laporan keuangan                      2.a. Basis for preparation of the financial
                                                                 statements
     Laporan keuangan disusun berdasarkan harga                  The financial statements have been prepared
     perolehan, kecuali untuk aset keuangan yang                 under the historical cost principle except for
     diukur pada nilai wajar melalui penghasilan                 financial assets at fair value through
     komprehensif lain dan aset dan liabilitas                   comprehensive income, financial assets and
     keuangan yang diukur pada nilai wajar melalui               liabilities measured at fair value through profit
     laba rugi dan seluruh instrumen derivatif yang              and loss and all of the derivative instruments
     diukur berdasarkan nilai wajar dan aset tanah               measured at fair value and land and building
     dan gedung yang diukur pada nilai wajar sejak               assets measured at fair value since December
     31 Desember 2015. Laporan keuangan disusun                  31, 2015. The financial statements have been
     berdasarkan prinsip akuntansi berbasis akrual,              prepared based on accrual principle, excluding
     kecuali laporan arus kas.                                   the statement of cash flows.

     Laporan      arus     kas   disusun   dengan                The statements of cash flows were prepared
     menggunakan metode langsung dengan                          based on the direct method with cash flows
     mengelompokkan arus kas dalam aktivitas                     classified into cash flows from operating,
     operasi, investasi dan pendanaan. Untuk tujuan              investing and financing activities. For the
     laporan arus kas, kas dan setara kas                        purpose of the statements of cash flows, cash
     mencakup kas, giro pada Bank Indonesia dan                  and cash equivalents include cash, current
     giro pada bank lain, penempatan pada Bank                   accounts with Bank Indonesia and other
     Indonesia dan bank lain, Sertifikat Bank                    banks, placements with Bank Indonesia and
     Indonesia dan Sertifikat Deposito Bank                      other banks, Certificates of Bank Indonesia
     Indonesia yang jatuh tempo dalam 3 (tiga)                   and Deposits Certificates of Bank Indonesia
     bulan sejak tanggal perolehan, sepanjang tidak              maturing within 3 (three) months or less from
     digunakan sebagai jaminan untuk pinjaman                    the acquisition date as long as they are not
     serta tidak dibatasi penggunaannya.                         being pledged as collateral for borrowing nor
                                                                 restricted.

     Pos-pos dalam penghasilan komprehensif                      The items under other comprehensive income
     lainnya disajikan terpisah antara akun-akun                 are presented separately between items to be
     yang akan direklasifikasikan ke laba rugi dan               reclassified to profit or loss and those items not
     akun-akun yang tidak akan direklasifikasikan ke             to be reclassified to profit or loss.
     laba rugi.

     Dalam penyusunan laporan keuangan sesuai                    The preparation of financial statements in
     dengan Standar Akuntansi Keuangan di                        conformity      with   Financial   Accounting
     Indonesia, dibutuhkan estimasi dan asumsi                   Standards in Indonesia requires the use of
     yang mempengaruhi:                                          estimates and assumptions that affect:
     • Nilai aset dan liabilitas dilaporkan, dan                 • The reported amounts of assets and
        pengungkapan atas aset dan liabilitas                       liabilities and disclosure of contingent
        kontinjensi pada tanggal laporan keuangan,                  assets and liabilities at the date of the
                                                                    financial statements,


                                                       14
Page 371
PT BANK MEGA TBK                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)

     • Jumlah pendapatan dan beban selama                      • The reported amounts of revenues and
       periode pelaporan.                                        expenses during the reporting period.

     Walaupun estimasi ini dibuat berdasarkan                  Although these estimates are based on
     pengetahuan terbaik manajemen atas kejadian               management’s best knowledge of current
     dan tindakan saat ini, hasil yang timbul                  events and activities, actual results may differ
     mungkin berbeda dengan jumlah yang                        from those estimates.
     diestimasi semula.

     Estimasi-estimasi dan asumsi-asumsi yang                  Estimates and underlying assumptions are
     digunakan ditelaah secara berkesinambungan.               reviewed on an ongoing basis. Revisions to
     Revisi atas estimasi akuntansi diakui pada                accounting estimates are recognized in the
     periode dimana estimasi tersebut direvisi dan             period in which the estimate is revised and in
     periode yang akan datang yang dipengaruhi                 any future periods affected.
     oleh revisi estimasi tersebut.

     Secara khusus, informasi mengenai hal-hal                 In particular, information about significant
     penting yang terkait dengan ketidakpastian                areas of estimation uncertainty and critical
     estimasi    dan     pertimbangan-pertimbangan             judgments in applying accounting policies that
     penting dalam penerapan kebijakan akuntansi               have material effect on the amount recognized
     yang memiliki dampak yang material terhadap               in the financial statements are described in
     jumlah yang diakui dalam laporan keuangan                 Note 3.
     dijelaskan di Catatan 3.

     Mata uang penyajian yang digunakan pada                   The presentation currency used in the financial
     laporan keuangan adalah Rupiah, yang                      statements is Indonesian Rupiah, which is the
     merupakan mata uang fungsional Bank.                      functional currency of the Bank.

     Seluruh angka dalam laporan keuangan ini,                 Figures in the financial statements are rounded
     kecuali dinyatakan lain, dibulatkan menjadi               to and stated in millions of Rupiah unless
     jutaan Rupiah.                                            otherwise stated.

     Bank telah menyusun laporan keuangan                      The Bank has prepared the financial
     dengan dasar bahwa Bank akan terus                        statements on the basis that it will continue to
     mempertahankan kelangsungan usaha.                        operate as going concern.

2.b. Transaksi dan saldo dalam mata uang asing            2.b. Transactions and balances in foreign
                                                               currency
     Transaksi dalam mata uang asing dicatat                   Transactions in foreign currencies are
     dalam Rupiah berdasarkan kurs yang berlaku                recorded in Rupiah based on the rates
     pada saat transaksi dilakukan. Pada tanggal               prevailing at the transaction dates. On the
     pelaporan, aset dan liabilitas moneter dalam              reporting date, monetary assets and liabilities
     mata uang asing dijabarkan ke dalam Rupiah                denominated in foreign currencies are
     berdasarkan kurs tengah Reuters pukul 16.00               converted into Rupiah based on the Reuters’
     WIB. Laba atau rugi selisih kurs yang terjadi             middle rate at 16.00 Western Indonesian Time.
     dikreditkan atau dibebankan pada laba rugi                Exchange gains or losses from foreign
     tahun yang bersangkutan.                                  exchange transactions are credited or charged
                                                               to the current year profit or loss.

     Kurs mata uang asing utama yang digunakan                 The major exchange rates used to translate
     untuk menjabarkan mata uang asing ke dalam                foreign currencies into Rupiah were as follows
     Rupiah adalah sebagai berikut (nilai penuh):              (full amount):




                                                     15
Page 372
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

                                              2023                   2022
      1 Poundsterling Inggris                   19,626.56              18,786.09           1 Great Britain Poundsterling
      1 Euro Eropa                              17,038.32              16,581.72                       1 European Euro
      1 Franc Swiss                             18,299.27              16,827.00                          1 Swiss Franc
      1 Dolar Amerika Serikat                   15,397.00              15,567.50                 1 United States Dollar
      1 Dolar Australia                         10,520.77              10,557.88                     1 Australian Dollar
      1 Dolar Singapura                         11,676.34              11,592.88                     1 Singapore Dollar
      1 Dolar Selandia Baru                      9,765.55               9,851.12                  1 New Zealand Dollar
      1 Yuan China                               2,170.06               2,238.91                        1 Chinese Yuan
      1 Dolar Hong Kong                          1,970.73               1,996.55                    1 Hong Kong Dollar
      1 Yen Jepang                                 108.88                 117.81                        1 Japanese Yen


2.c. Informasi segmen                                        2.c. Segment information
     Segmen operasi adalah komponen dari Bank                     An operating segment is a component of the
     yang terlibat dalam aktivitas bisnis yang                    Bank that engages in business activities from
     menghasilkan pendapatan dan menimbulkan                      which it may earn revenues and incur
     beban, termasuk pendapatan dan beban yang                    expenses, including revenues and expenses
     terkait dengan transaksi dengan komponen lain                that relate to transactions with any of the
     Bank, dimana hasil operasinya dikaji ulang                   Bank’s other components, whose operating
     secara berkala oleh pengambil keputusan                      results are reviewed regularly by the Bank’s
     utama dalam operasional Bank untuk membuat                   chief operating decision maker to make
     keputusan mengenai sumber daya yang akan                     decision about resources allocated to the
     dialokasikan pada segmen tersebut dan menilai                segment and assess its performance, and for
     kinerjanya, serta tersedia informasi keuangan                which discrete financial information is
     yang dapat dipisahkan. Hasil segmen yang                     available. Segment results that are reported to
     dilaporkan kepada pengambil keputusan                        the Bank’s chief operating decision maker
     operasional     Bank     meliputi   komponen-                include items directly attributable to a segment,
     komponen yang dapat diatribusikan secara                     as well as those that can be allocated on a
     langsung kepada suatu segmen, dan                            reasonable basis.
     komponen-komponen yang dapat dialokasikan
     dengan dasar yang wajar.

2.d. Transaksi dengan pihak berelasi                         2.d. Transactions with related parties
     Dalam      menjalankan       usahanya,     Bank              In the normal course of its business, the Bank
     melakukan transaksi dengan pihak-pihak                       enters into transactions with related parties
     berelasi seperti yang didefinisikan dalam PSAK               which are defined under PSAK 7 regarding
     No. 7 tentang “Pengungkapan Pihak-pihak                      “Related Party Disclosures”.
     Berelasi”.

     Pihak berelasi adalah orang atau entitas yang                A related party is a person or an entity that is
     terkait dengan entitas pelapor:                              related to the reporting entity:
     a. Orang atau anggota keluarga dekatnya                      a. A person or a close member of that
        mempunyai relasi dengan entitas pelapor                       person’s family is related to a reporting
        jika orang tersebut:                                          entity if that person:
         i.   Memiliki       pengendalian       atau                   i. Has control or joint control over the
              pengendalian bersama atas entitas                             reporting entity;
              pelapor;
         ii. Memiliki pengaruh signifikan atas                         ii.  Has significant influence over the
              entitas pelapor; atau                                         reporting entity; or
         iii. Merupakan personel manajemen kunci                       iii. Is a member of the key management
              entitas pelapor atau entitas induk dari                       personnel of the reporting entity or of a
              entitas pelapor.                                              parent of the reporting entity.




                                                        16
Page 373
PT BANK MEGA TBK                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

     b. Suatu entitas berelasi dengan entitas                   b. An entity is related to the reporting entity if
        pelapor jika memenuhi salah satu hal                       any of the following conditions applies:
        berikut:
        i.    Entitas dan entitas pelapor adalah                    i.    The entity and the reporting entity are
              anggota dari kelompok usaha yang                            members of the same group (which
              sama (artinya entitas induk, entitas                        means that each parent, subsidiary,
              anak, dan sesama entitas anak saling                        and fellow subsidiaries are related to
              berelasi dengan entitas anak lainnya);                      each others);
        ii. Satu entitas adalah entitas asosiasi                    ii.   One entity is an associate or joint
              atau ventura bersama dari entitas lain                      venture of the other entity (or an
              (atau       entitas     asosiasi     atau                   associate or joint venture of a
              ventura bersama yang merupakan                              member of a group of which the other
              anggota suatu kelompok usaha,                               entity is a member);
              dimana entitas lain tersebut adalah
              anggotanya);
        iii. Kedua entitas tersebut adalah ventura                  iii. Both entities are joint ventures of the
              bersama dari pihak ketiga yang sama;                       same third party;
        iv. Satu entitas adalah ventura bersama                     iv. One entity is a joint venture of a third
              dari entitas ketiga dan entitas yang lain                  entity and the other entity is an
              adalah entitas asosiasi dari entitas                       associate of the third entity;
              ketiga;
        v. Entitas tersebut adalah suatu program                    v. The entity is a post-employment
              imbalan pascakerja untuk imbalan                         benefit plan for the benefit of
              kerja dari salah satu entitas pelapor                    employees of either the reporting
              atau entitas yang terkait dengan entitas                 entity, or an entity related to the
              pelapor. Jika entitas pelapor adalah                     reporting entity. If the reporting entity
              entitas      yang      menyelenggarakan                  in itself such a plan, the sponsoring
              program       tersebut,   maka     entitas               employers are also related to the
              sponsor juga berelasi dengan entitas                     reporting entity;
              pelapor;
        vi. Entitas       yang     dikendalikan    atau             vi. The entity is controlled or jointly
              dikendalikan bersama oleh orang yang                      controlled by a person identified in (a);
              diidentifikasi dalam huruf (a);
        vii. Orang yang diidentifikasi dalam huruf                  vii. A person identified in (a) (i) has
              (a) (i) memiliki pengaruh signifikan atas                   significant influence over the entity or
              entitas atau merupakan personil                             is a member of the key management
              manajemen kunci entitas (atau entitas                       personnel of the entity (or a parent of
              induk dari entitas); atau                                   the entity); or
        viii. Entitas atau anggota dari kelompok di                 viii. The entity or any members of a group
              mana entitas merupakan bagian dari                          of which it is a part, provides key
              kelompok tersebut, menyediakan jasa                         management personnel service to the
              personil manajemen kunci kepada                             reporting entity or to the parent of the
              entitas pelapor atau kepada entitas                         reporting entity.
              induk dari entitas pelapor.

     Transaksi dengan pihak berelasi dilakukan                  Transactions with related parties are made on
     berdasarkan persyaratan yang disetujui oleh                terms agreed by both parties, where such
     kedua belah pihak, dimana persyaratan                      requirements may not be the same as other
     tersebut mungkin tidak sama dengan transaksi               transactions undertaken with third parties.
     lain yang dilakukan dengan pihak-pihak yang                Material transactions and balances with related
     tidak berelasi. Seluruh transaksi dan saldo                parties are disclosed in the notes to the
     yang material dengan pihak-pihak berelasi                  financial statements and the relevant details
     diungkapkan dalam catatan atas laporan                     have been presented in Note 39 of the
     keuangan yang relevan dan rinciannya telah                 financial statements.
     disajikan dalam Catatan 39 atas laporan
     keuangan.


                                                           17
Page 374
PT BANK MEGA TBK                                                                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                         Unless Otherwise Stated)

2.e. Aset dan liabilitas keuangan                                                                  2.e. Financial assets and liabilities
     Aset keuangan dan liabilitas keuangan Bank                                                         The Bank’s financial assets and liabilities
     terdiri atas:                                                                                      mainly consist of:

                                                                                                          Golongan (ditentukan oleh
            Kategori yang didefinisikan oleh PSAK 71/Category as defined in PSAK 71                     Bank)/Class (as determined by                      Subgolongan/Subclasses
                                                                                                                  the Bank)


                                     Aset keuangan yang diukur pada nilai wajar melalui laba-           Efek-efek/Marketable securities
                                      rugi/ Financial assets at fair value through profit or loss
                                                                                                        Tagihan derivatif/Derivative receivables
                                                                                                        Kas/Cash
                                                                                                        Giro pada Bank Indonesia/Current accounts with Bank Indonesia
                                                                                                        Giro pada bank lain/Current accounts with other banks
                                                                                                        Penempatan pada Bank Indonesia dan bank lain/Placements with Bank Indonesia
                                                                                                        and other banks

                                                                                                        Efek-efek yang dibeli dengan janji dijual kembali/ Securities purchased under
                                                                                                        agreement to resell
                                      Aset keuangan yang diukur pada biaya perolehan yang
          Aset keuangan/Financial                                                                       Tagihan akseptasi/Acceptance receivables
                                      diamortisasi/Financial assets at amortized cost
                  Assets
                                                                                                        Kredit yang diberikan/Loans
                                                                                                                                                Bunga yang masih akan diterima/Accrued
                                                                                                                                                interest receivables
                                                                                                                                                Piutang sewa/ Lease receivables
                                                                                                           Aset lain-lain/Other assets          Setoran jaminan/Guarantee deposits
                                                                                                                                                Tagihan penjualan surat berharga/ Receivables
                                                                                                                                                from sales of marketable securities
                                                                                                                                                Aset yang diblokir/ Restricted assets

                                      Aset keuangan yang diukur pada nilai wajar melalui
                                      penghasilan komprehensif lain/Financial assets at fair            Efek-efek/Marketable securities
                                      value through other comprehensive income

                                      Liabilitas keuangan yang diukur pada nilai wajar melalui
                                     laba-rugi/ Financial liabilities at fair value through profit or   Liabilitas derivatif/Derivative liabilities
                                                                    loss
                                                                                                        Liabilitas segera/Obligation due immediately
                                                                                                        Liabilitas akseptasi/Acceptance liabilities
                                                                                                        Simpanan nasabah/Deposits from customers
                                                                                                        Simpanan dari bank lain/Deposits from other banks
            Liabilitas Keuangan/                                                                        Efek-efek yang dijual dengan janji dibeli kembali/ Securities sold under agreement
             Financial Liabilities                                                                      to repurchase
                                      Liabilitas keuangan yang diukur pada biaya perolehan
                                      yang diamortisasi/Financial liabilities at amortized cost         Obligasi subordinasi/Surbordinated bonds
                                                                                                        Pinjaman yang diterima/Borrowings
                                                                                                                                                  Bunga yang masih harus dibayar/Accrued
                                                                                                        Beban yang masih harus dibayar            interest payables
                                                                                                         dan liabilitas lain-lain/ Accrued        Setoran jaminan/Other deposits
                                                                                                         expenses and other liabilities           Kewajiban pembelian surat berharga/
                                                                                                                                                  Liabilities to purchase of marketable securities


     i.       Klasifikasi                                                                                    i.      Classification
              Bank        mengklasifikasikan       aset                                                              The Bank classifies its financial assets
              keuangannya        berdasarkan   kategori                                                              according to the following categories at
              sebagai berikut pada saat pengakuan awal:                                                              initial recognition:
              • Aset keuangan yang diukur pada nilai                                                                 • Financial assets measured at fair value
                 wajar melalui laba rugi;                                                                                through profit or loss;
              • Aset keuangan yang diukur pada nilai                                                                 • Financial assets measured at fair value
                 wajar melalui penghasilan komprehensif                                                                  through other comprehensive income;
                 lain;
              • Aset keuangan yang diukur pada biaya                                                                 • Financial assets measured at amortized
                 perolehan diamortisasi.                                                                               cost.
              Aset keuangan diukur pada biaya                                                                        Financial assets are measured at
              perolehan diamortisasi jika memenuhi                                                                   amortized cost if they meet the following
              kondisi sebagai berikut:                                                                               conditions:
              • aset keuangan dikelola dalam model                                                                   • financial assets are managed in a
                 bisnis yang bertujuan untuk memiliki                                                                   business model that aims to have
                 aset    keuangan      dalam    rangka                                                                  financial assets in order to collect
                 mendapatkan arus kas kontraktual; dan                                                                  contractual cash flow; and
              • persyaratan kontraktual dari aset                                                                    • the contractual terms of the financial
                 keuangan tersebut memberikan hak                                                                       asset provide rights on a certain date

                                                                                             18
Page 375
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

           pada tanggal tertentu atas arus kas                  for cash flow obtained solely from
           yang diperoleh semata dari pembayaran                payment of principal and interest (SPPI)
           pokok dan bunga (SPPI) dari jumlah                   on the principal amount outstanding.
           pokok terutang.
        Aset keuangan diukur pada nilai wajar                Financial assets are measured at fair value
        melalui penghasilan komprehensif lain jika           through other comprehensive income if
        memenuhi kondisi sebagai berikut:                    they meet the following conditions:
        • Aset keuangan dikelola dalam model                 • Financial assets are managed in a
          bisnis     yang     bertujuan     untuk               business model that aims to collect
          mendapatkan arus kas kontraktual dan                  contractual cash flow and sell financial
          menjual aset keuangan; dan                            assets; and
        • Persyaratan kontraktual dari aset                  • The contractual requirements of the
          keuangan tersebut memenuhi kriteria                   financial assets meet the SPPI criteria.
          SPPI.
        Pada saat pengakuan awal, Bank dapat                 At initial recognition, the Bank may make
        membuat pilihan yang tidak dapat                     an irrevocable choice to present equity
        dibatalkan untuk menyajikan instrumen                instruments that are not held for trading at
        ekuitas yang bukan dimiliki untuk                    fair value through other comprehensive
        diperdagangkan pada nilai wajar melalui              income.
        penghasilan komprehensif lain.
        Aset keuangan lainnya yang tidak                     Other financial assets that do not meet the
        memenuhi           persyaratan         untuk         requirements to be classified as financial
        diklasifikasikan sebagai aset keuangan               assets measured at amortized cost or fair
        diukur pada biaya perolehan diamortisasi             value through other comprehensive
        atau nilai wajar melalui penghasilan                 income, are classified as measured at fair
        komprehensif lain, diklasifikasikan sebagai          value through profit or loss.
        diukur pada nilai wajar melalui laba rugi.
        Saat pengakuan awal Bank dapat                       At initial recognition, the Bank can make
        membuat penetapan yang tidak dapat                   an irrevocable determination to measure
        dibatalkan untuk mengukur aset yang                  assets that meet the requirements to be
        memenuhi persyaratan untuk diukur pada               measured at amortized cost or fair value
        biaya perolehan diamortisasi atau nilai              through other comprehensive income at
        wajar melalui penghasilan komprehensif               fair value through profit or loss, if the
        lain pada nilai wajar melalui laba rugi,             determination eliminates or significantly
        apabila penetapan tersebut mengeliminasi             reduces the measurement or recognition
        atau    secara    signifikan mengurangi              inconsistencies (sometimes referred to as
        inkonsistensi pengukuran atau pengakuan              ”accounting mismatch”).
        (kadang disebut sebagai ”accounting
        mismatch”).

        Penilaian model bisnis                               Evaluation of business models
        Model bisnis ditentukan pada level yang              The business model is determined at a
        mencerminkan bagaimana kelompok aset                 level that reflects how Bank’s financial
        keuangan dikelola bersama-sama untuk                 assets are managed together to achieve
        mencapai tujuan bisnis tertentu.                     certain business objectives.

        Penilaian model bisnis dilakukan dengan              The evaluation of the business model is
        mempertimbangkan, tetapi tidak terbatas              carried out by considering, but not limited
        pada, hal-hal berikut:                               to, the following:
        • Bagaimana kinerja dari model bisnis                • How the performance of the business
          dan aset keuangan yang dimiliki dalam                  model and financial assets held in the
          model bisnis dievaluasi dan dilaporkan                 business model are evaluated and
          kepada personil manajemen kunci                        reported     to  the    Bank’s     key
          Bank;                                                  management personnel;

                                                       19
Page 376
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

        • Apakah risiko yang memengaruhi                     • What risks affect the performance of the
          kinerja dari model bisnis (termasuk aset             business model (including financial
          keuangan yang dimiliki dalam model                   assets held in the business model) and
          bisnis) dan khususnya bagaimana cara                 specifically how the financial assets are
          aset keuangan tersebut dikelola; dan                 managed; and
        • Bagaimana penilaian kinerja pengelola              • How to evaluate the performance of
          aset keuangan (sebagai contoh, apakah                managers of financial assets (for
          penilaian kinerja berdasarkan nilai wajar            example,       whether      performance
          dari aset yang dikelola atau arus kas                appraisals are based on the fair value
          kontraktual yang diperoleh).                         of the assets being managed or the
                                                               contractual cash flows obtained).

        Aset keuangan yang dimiliki untuk                    Financial assets held for trading or
        diperdagangkan atau dikelola dan penilaian           managed     and    which    performance
        kinerjanya berdasarkan nilai wajar diukur            appraisals based on fair value are
        pada nilai wajar melalui laba rugi.                  measured at fair value through profit or
                                                             loss.

        Derivatif   juga   dikategorikan   dalam             Derivatives are also categorized under this
        kelompok ini, kecuali derivatif yang                 classification unless they are designated
        ditetapkan sebagai instrumen lindung nilai           as effective hedging instruments.
        efektif.

        Penilaian      mengenai       arus     kas           Evaluation of contractual cash flows
        kontraktual yang diperoleh semata dari               obtained solely from payment of
        pembayaran pokok dan bunga                           principal and interest
        Untuk     tujuan   penilaian   ini,  pokok           For the purpose of this valuation, principal
        didefinisikan sebagai nilai wajar dari aset          is defined as the fair value of financial
        keuangan pada saat pengakuan awal.                   assets at initial recognition. Interest is
        Bunga didefinisikan sebagai imbalan untuk            defined as compensation for the time value
        nilai waktu atas uang dan risiko kredit              of money and credit risk in relation to the
        terkait jumlah pokok terutang pada periode           principal amount owed over a certain
        waktu tertentu dan juga risiko dan biaya             period of time and also the risk and
        peminjaman standar, dan juga marjin laba.            standard borrowing costs, as well as profit
                                                             margins.

        Penilaian mengenai arus kas kontraktual              An assessment of contractual cashflows
        yang diperoleh semata dari pembayaran                obtained solely from principal and interest
        pokok dan bunga dilakukan dengan                     payments is made by considering
        mempertimbangkan                 persyaratan         contractual terms, including whether
        kontraktual,    termasuk     apakah     aset         financial assets contain contractual terms
        keuangan       mengandung        persyaratan         that can change the timing or amount of
        kontraktual yang dapat mengubah waktu                contractual cash flows. In assessing, the
        atau jumlah arus kas kontraktual. Dalam              Bank considers:
        melakukan            penilaian,        Bank
        mempertimbangkan:
        • Peristiwa      kontinjensi    yang   akan          • Contingency events that will change the
           mengubah waktu atau jumlah arus kas                 timing or amount of contractual cash
           kontraktual;                                        flow;
        • Fitur leverage;                                    • Leverage feature;
        • Persyaratan pembayaran dimuka dan                  • Terms of advance payment and
           perpanjangan kontraktual;                           contractual extension;
        • Persyaratan mengenai klaim yang                    • Requirements regarding limited claims
           terbatas atas arus kas yang berasal dari            for cash flows from specific assets; and
           aset spesifik; dan
        • Fitur yang dapat mengubah nilai waktu              • Features that can change the time
           dari elemen uang.                                   value of the money element.

                                                       20
Page 377
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

           Liabilitas keuangan diklasifikasikan dalam                 Financial liabilities are classified into the
           kategori sebagai berikut pada saat                         following categories at initial recognition:
           pengakuan awal:
           • Liabilitas keuangan yang diukur pada                     • Financial liabilities at fair value through
              nilai wajar melalui laporan laba rugi,                    profit or loss, which has 2 (two) sub-
              yang memiliki 2 (dua) sub-klasifikasi,                    classifications, i.e. those designated as
              yaitu liabilitas keuangan yang ditetapkan                 such upon initial recognition and those
              demikian pada saat pengakuan awal                         classified as held for trading;
              dan liabilitas keuangan yang telah
              diklasifikasikan      dalam     kelompok
              diperdagangkan;
           • Liabilitas keuangan lain. Liabilitas                     • Other financial liabilities. Other financial
              keuangan lainnya merupakan liabilitas                     liabilities pertain to financial liabilities
              keuangan yang tidak dimiliki untuk dijual                 that are not held for trading nor
              atau ditentukan sebagai nilai wajar                       designated as at fair value through
              melalui laba rugi saat pengakuan                          profit or loss upon recognition of the
              liabilitas.                                               liability.
     ii.   Pengakuan                                           ii.    Recognition
           Bank pada awalnya mengakui aset dan                        The Bank initially recognizes financial
           liabilitas keuangan pada tanggal perolehan.                asset and liabilities on the date of
           Pembelian dan penjualan aset keuangan                      origination. Regular way purchases and
           yang lazim (reguler) diakui pada tanggal                   sales of financial assets are recognized on
           perdagangan dimana Bank memiliki                           the trade date at which the Bank commits
           komitmen untuk membeli atau menjual aset                   to purchase or sell the asset. All other
           tersebut. Semua aset dan liabilitas                        financial assets and liabilities are initially
           keuangan lainnya pada awalnya diakui                       recognized on the trade date at which the
           pada tanggal perdagangan dimana Bank                       Bank becomes a party to the contractual
           menjadi suatu pihak dalam ketentuan                        provisions of the instruments.
           kontraktual instrumen tersebut.
           Pada saat pengakuan awal, aset atau                        A financial asset or liability is initially
           liabilitas keuangan diukur pada nilai wajar                measured at fair value plus (for an item not
           ditambah (untuk item yang tidak diukur                     valued at fair value through profit and loss
           pada nilai wajar melalui laba rugi setelah                 at initial recognition) transaction costs
           pengakuan awal) biaya transaksi yang                       subsequently measured at fair value that
           dapat diatribusikan secara langsung atas                   are directly attributable to the acquisition of
           perolehan aset keuangan atau penerbitan                    financial assets or issuance of financial
           liabilitas keuangan. Pengukuran aset dan                   liabilities. The subsequent measurement of
           liabilitas keuangan setelah pengakuan awal                 financial assets and liabilities depends on
           tergantung pada klasifikasi aset keuangan                  their classifications.
           dan liabilitas keuangan tersebut.

           Biaya transaksi hanya meliputi biaya-biaya                 Transaction costs include only those costs
           yang dapat diatribusikan secara langsung                   that are directly attributable to the
           untuk perolehan suatu aset keuangan atau                   acquisition of a financial asset or issue of a
           penerbitan suatu liabilitas keuangan dan                   financial liability and are incremental costs
           merupakan biaya tambahan yang tidak                        that would not have been incurred if the
           akan terjadi apabila instrumen keuangan                    instrument had not been acquired or
           tersebut tidak diperoleh atau diterbitkan.                 issued. In the case of financial assets,
           Untuk aset keuangan, biaya transaksi                       transaction costs are added to the amount
           ditambahkan pada jumlah yang diakui pada                   recognized initially, while for financial
           awal pengakuan aset, sedangkan untuk                       liabilities, transaction costs are deducted
           liabilitas  keuangan,     biaya   transaksi                from the amount of debt recognized
           dikurangkan dari jumlah utang yang diakui                  initially.
           pada awal pengakuan liabilitas.



                                                          21
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PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

         Biaya transaksi tersebut diamortisasi                   Such transaction costs are amortized over
         selama umur instrumen berdasarkan                       the terms of the instruments based on the
         metode suku bunga efektif dan dicatat                   effective interest method and are recorded
         sebagai bagian dari pendapatan bunga                    as part of interest income for transaction
         untuk biaya transaksi sehubungan dengan                 costs related to financial assets or interest
         aset keuangan atau sebagai bagian dari                  expense for transaction costs related to
         beban bunga untuk biaya transaksi                       financial liabilities.
         sehubungan dengan liabilitas keuangan.

     iii. Pengukuran setelah pengakuan awal                  iii. Subsequent measurement
          a. Aset keuangan dalam kelompok nilai                   a. Fair        value      through      other
             wajar         melalui       penghasilan                 comprehensive        income     financial
             komprehensif lain dan aset keuangan                     assets and financial assets and
             dan liabilitas keuangan yang diukur                     liabilities measured at fair value
             pada nilai wajar melalui laporan laba                   through profit or loss are subsequently
             rugi diukur pada nilai wajarnya.                        measured at fair value.
          b. Aset dan liabilitas keuangan lainnya                 b. Assets and other financial liabilities
             yang diukur pada biaya perolehan                        which are measured at amortized cost,
             diamortisasi,   diukur     pada    biaya                are       subsequently    measured     at
             perolehan      diamortisasi      dengan                 amortized cost using the effective
             menggunakan metode suku bunga                           interest method.
             efektif.

     iv. Penghentian pengakuan                               iv. Derecognition
         Bank menghentikan pengakuan aset                        The Bank derecognizes a financial asset
         keuangan pada saat hak kontraktual atas                 when the contractual rights to the cash
         arus kas yang berasal dari aset keuangan                flows from the financial asset expire, or
         tersebut kadaluwarsa, atau pada saat Bank               when the Bank transfers the rights to
         mentransfer seluruh hak untuk menerima                  receive the contractual cash flows on the
         arus kas kontraktual dari aset keuangan                 financial asset in a transaction in which
         dalam transaksi dimana Bank secara                      substantially all the risks and rewards of
         substansial telah mentransfer seluruh risiko            ownership of the financial asset are
         dan manfaat atas kepemilikan aset                       transferred. Any interest in transferred
         keuangan yang ditransfer. Setiap hak atau               financial assets that is created or retained
         liabilitas atas aset keuangan yang                      by the Bank is recognized as a separate
         ditransfer yang timbul atau yang masih                  asset or liability.
         dimiliki oleh Bank diakui sebagai aset atau
         liabilitas secara terpisah.

         Bank menghentikan pengakuan liabilitas                  The Bank derecognizes a financial liability
         keuangan pada saat liabilitas yang                      when its contractual obligations are
         ditetapkan dalam kontrak dilepaskan atau                discharged or cancelled or expired.
         dibatalkan atau kedaluwarsa.

         Dalam transaksi dimana Bank secara                      In transactions in which the Bank neither
         substansial tidak memiliki atau tidak                   retains nor transfers substantially all the
         mentransfer seluruh risiko dan manfaat                  risks and rewards of ownership of a
         atas kepemilikan aset keuangan, Bank                    financial asset, the Bank derecognizes
         menghentikan pengakuan aset tersebut                    the asset if it does not retain control over
         jika Bank tidak lagi memiliki pengendalian              the asset. The rights and obligations
         atas aset tersebut. Hak dan kewajiban                   retained in the transfer are recognized
         yang timbul atau yang masih dimiliki dalam              separately as assets and liabilities as
         transfer tersebut diakui secara terpisah                appropriate. In transfers in which control
         sebagai aset atau liabilitas. Dalam transfer            over the asset is retained, the Bank
         dimana pengendalian atas aset masih                     continues to recognize the asset to the
         dimiliki, Bank tetap mengakui aset yang                 extent of its continuing involvement,
         ditransfer tersebut sebesar keterlibatan                determined by the extent to which it is

                                                        22
Page 379
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

          berkelanjutan,        dimana      tingkat                  exposed to changes in the value of the
          keberlanjutan Bank dalam aset yang                         transferred asset.
          ditransfer adalah sebesar perubahan nilai
          aset yang ditransfer.

          Bank menghapusbukukan saldo kredit dan                     The Bank writes off a loan and investment
          efek utang untuk tujuan investasi, dan                     debt security balance, and any related
          cadangan kerugian penurunan nilai terkait,                 allowance for impairment losses, when the
          pada saat Bank menentukan bahwa kredit                     Bank determines that the loan or security
          atau efek-efek tersebut tidak dapat ditagih.               is uncollectible. This determination is
          Keputusan         ini     diambil    setelah               reached after considering information such
          mempertimbangkan informasi seperti telah                   as the occurrence of significant changes in
          terjadinya perubahan signifikan pada posisi                the borrowers/issuers financial position
          keuangan        debitur/penerbit   sehingga                such that the borrower/issuer can no
          debitur/penerbit tidak lagi dapat melunasi                 longer pay the obligation, or that proceeds
          liabilitasnya, atau hasil penjualan agunan                 from collateral will not be sufficient to pay
          tidak akan cukup untuk melunasi seluruh                    back the entire exposure.
          ekposur kredit yang diberikan.

     v.   Saling hapus                                         v.    Offsetting
          Aset keuangan dan liabilitas keuangan                      Financial assets and financial liabilities are
          saling hapus dan nilai netonya dilaporkan                  offset and the net amount is reported in the
          di laporan posisi keuangan jika, dan hanya                 statement of financial position if, and only
          jika, saat ini terdapat hak yang berkekuatan               if, there is currently an enforceable legal
          hukum untuk saling hapus jumlah                            rights to offset the recognized amounts
          keduanya dan terdapat intensi untuk                        and there is an intention to settle on a net
          diselesaikan secara neto, atau untuk                       basis, or to realize the assets and settle
          merealisasikan aset dan menyelesaikan                      the liabilities simultaneously.
          liabilitas secara bersamaan.

          Hak yang berkekuatan hukum berarti:                        Enforceable right means:
          a. tidak terdapat kontinjensi di masa yang                 a. there are no contingencies in the
             akan datang, dan                                            future, and
          b. hak yang berkekuatan hukum pada                         b. enforceable right to the following
             kondisi-kondisi berikut ini;                                conditions;
             i. kegiatan bisnis normal;                                  i. deploying normal activities;
             ii. kondisi kegagalan usaha; dan                            ii. conditions of business failures;
                                                                              and
              iii. kondisi gagal bayar atau bangkrut.                    iii. conditions   of    default   or
                                                                              bankruptcy.

          Pendapatan dan beban disajikan dalam                       Income and expenses are presented on a
          jumlah bersih hanya jika diperkenankan                     net basis only when permitted by
          oleh standar akuntansi.                                    accounting standards.

     vi. Pengukuran biaya diamortisasi                         vi. Amortized cost measurement
         Biaya perolehan diamortisasi dari aset atau               The amortized cost of a financial asset or
         liabilitas keuangan adalah jumlah aset atau               liability is the amount at which the financial
         liabilitas keuangan yang diukur pada saat                 asset or liability is measured at initial
         pengakuan awal dikurangi pembayaran                       recognition, minus principal repayments,
         pokok, ditambah atau dikurangi dengan                     plus or minus the cumulative amortization
         amortisasi kumulatif dengan menggunakan                   using the effective interest method of any
         metode suku bunga efektif yang dihitung                   difference between the initial amount
         dari selisih antara nilai awal dan nilai jatuh            recognized and the maturity amount,
         temponya,      dan     dikurangi   cadangan               minus allowance for impairment losses.
         kerugian penurunan nilai.


                                                          23
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PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     vii. Pengukuran nilai wajar                              vii. Fair value measurement
          Nilai wajar adalah harga yang akan                       Fair value is the price that would be
          diterima untuk menjual suatu aset atau                   received to sell an asset or paid to transfer
          harga     yang     akan     dibayar   untuk              a liability in an orderly transaction between
          mengalihkan      suatu    liabilitas dalam               market participants at the measurement
          transaksi teratur antara pelaku pasar pada               date.
          tanggal pengukuran.

         Pengukuran nilai wajar mengasumsikan                     The fair value measurement is based on
         bahwa transaksi untuk menjual aset atau                  the presumption that the transaction to sell
         mengalihkan liabilitas terjadi:                          the asset or transfer the liability takes
                                                                  place either:
         • Di pasar utama untuk aset dan liabilitas               • In the principal market for the asset or
           tersebut; atau                                            liability, or
         • Jika tidak terdapat pasar utama, dipasar               • In the absence of a principal market, in
           yang paling menguntungkan untuk aset                      the most advantageous market for the
           atau liabilitas tersebut.                                 asset or liability.

         Nilai wajar suatu aset atau liabilitas diukur            The fair value of an asset or a liability is
         menggunakan       asumsi      yang      akan             measured using the assumptions that
         digunakan pelaku pasar ketika menentukan                 market participants would use when
         harga aset dan liabilitas tersebut dengan                pricing the asset or liability, assuming that
         asumsi bahwa pelaku pasar bertindak                      market participants act in their economic
         dalam kepentingan ekonomik terbaiknya.                   best interest.

         Pengukuran nilai wajar aset non-keuangan                 A fair value measurement of a non-
         memperhitungkan kemampuan pelaku                         financial asset takes into account a market
         pasar    untuk   menghasilkan     manfaat                participant's ability to generate economic
         ekonomik dengan menggunakan aset                         benefits by using the asset in its highest
         dalam penggunaan tertinggi dan terbaiknya                and best use or by selling it to another
         atau dengan menjualnya kepada pelaku                     market participant that would use the asset
         pasar lain yang akan menggunakan aset                    in its highest and best use.
         tersebut dalam penggunaan tertinggi dan
         terbaiknya.

         Bank menggunakan teknik penilaian yang                   The Bank uses valuation techniques that
         sesuai dalam keadaan dan dimana data                     are appropriate in the circumstances and
         yang memadai tersedia untuk mengukur                     for which sufficient data are available to
         nilai wajar, memaksimalkan penggunaan                    measure fair value, maximizing the use of
         input yang dapat diobservasi yang relevan                relevant observable inputs and minimizing
         dan meminimalkan penggunaan input yang                   the use of unobservable inputs.
         tidak dapat diobservasi.

         Semua aset dan liabilitas dimana nilai                   All assets and liabilities for which fair value
         wajar diukur atau diungkapkan dalam                      is measured or disclosed in the financial
         laporan keuangan dapat dikategorikan                     statements are categorized within the fair
         pada level hierarki nilai wajar, berdasarkan             value hierarchy, described as follows,
         tingkatan input terendah yang signifikan                 based on the lowest level input that is
         atas pengukuran nilai wajar secara                       significant to the fair value measurement
         keseluruhan:                                             as a whole:
         • Level 1 : harga kuotasian (tanpa                       • Level 1: quoted (unadjusted) market
             penyesuaian) di pasar aktif untuk aset                   prices in active markets for identical
             atau liabilitas yang identik.                            assets or liabilities.
         • Level 2 : input selain harga kuotasian                 • Level 2 : inputs other than quoted
             yang termasuk dalam Level 1 yang                         prices included within Level 1 that are
             dapat diobservasi untuk aset dan                         observable for the asset or liability


                                                         24
Page 381
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

          liabilitas baik secara langsung (misalnya                 either directly (for example, price) or
          harga) atau secara tidak langsung.                        indirectly.
        • Level 3: input untuk aset dan liabilitas                • Level 3 : inputs for the asset and
          yang bukan berdasarkan data pasar                         liability that are not based on
          yang dapat diobservasi (input yang tidak                  observable market data (unobservable
          dapat diobservasi).                                       inputs).

        Untuk aset dan liabilitas yang diakui pada                For assets and liabilities that are
        laporan keuangan secara berulang, Bank                    recognized in the financial statements on a
        menentukan apakah terjadi transfer antara                 recurring basis, the Bank determines
        level di dalam hierarki dengan cara                       whether transfers have occurred between
        mengevaluasi kategori (berdasarkan input                  levels in the hierarchy by re-assessing
        level terendah yang signifikan dalam                      categorization (based on the lowest level
        pengukuran nilai wajar) setiap akhir                      input that is significant to the fair value
        periode pelaporan.                                        measurement as a whole) at the end of
                                                                  each reporting period.

     viii. Reklasifikasi instrumen keuangan                   viii. Reclassification       of       financial
                                                                    instruments
        Bank mereklasifikasi aset keuangan jika                     The Bank reclassifies financial assets if
        dan hanya jika, model bisnis untuk                          and only if, the business model for
        pengelolaan aset keuangan berubah.                          managing financial assets changes.

        Reklasifikasi aset keuangan dari klasifikasi              Reclassifications of financial assets from
        biaya perolehan yang diamortisasi ke                      amortized cost classifications to fair value
        klasifikasi nilai wajar melalui laba rugi                 through profit or loss are recorded at fair
        dicatat sebesar nilai wajarnya. Selisih                   value. The difference between the
        antara nilai tercatat dengan nilai wajar                  recorded value and fair value is recognized
        diakui sebagai keuntungan atau kerugian                   in profit or loss on the statement of profit or
        pada laba rugi.                                           loss and other comprehensive income.

        Reklasifikasi aset keuangan dari klasifikasi              Reclassifications of financial assets from
        biaya perolehan yang diamortisasi ke                      amortized cost classifications to fair value
        klasifikasi nilai wajar melalui penghasilan               classifications       through          other
        komprehensif lain dicatat sebesar nilai                   comprehensive are recorded at their fair
        wajarnya.                                                 values.

        Reklasifikasi aset keuangan dari klasifikasi              Reclassifications of financial assets from
        nilai    wajar        melalui      penghasilan            fair value classification through other
        komprehensif lain ke klasifikasi nilai wajar              comprehensive income to fair value
        melalui laba rugi dicatat pada nilai wajar.               classification through profit or loss are
        Keuntungan atau kerugian yang belum                       recorded at fair value. Unrealized gains or
        direalisasi direklasifikasi ke laba rugi.                 losses are reclassified to profit or loss.

        Reklasifikasi aset keuangan dari klasifikasi              Reclassifications of financial assets from
        nilai     wajar     melalui    penghasilan                fair value classifications through other
        komprehensif lain ke klasifikasi biaya                    comprehensive income to the amortized
        perolehan yang diamortisasi dicatat pada                  cost classification are recorded at carrying
        nilai tercatat. Keuntungan atau kerugian                  value. Unrealized gains or losses is
        yang belum direalisasi dihapus dari ekuitas               removed from equity and adjusted agains
        dan disesuaikan terhadap nilai wajar.                     the fair value.

        Reklasifikasi aset keuangan dari klasifikasi              Reclassifications on financial assets from
        nilai wajar melalui laba rugi ke klasifikasi              fair value classification through profit or
        nilai    wajar      melalui    penghasilan                loss to fair value classification through
        komprehensif lain dicatat pada nilai wajar.               other comprehensive income are recorded
                                                                  at fair value.

                                                         25
Page 382
PT BANK MEGA TBK                                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)

           Reklasifikasi aset keuangan dari klasifikasi                     Reclassifications of financial assets from
           nilai wajar melalui laba rugi ke klasifikasi                     fair value classification through profit or
           biaya perolehan yang diamortisasi dicatat                        loss to amortized cost classification are
           pada nilai wajar.                                                recorded at fair value.

2.f.   Giro pada Bank Indonesia dan bank lain                    2.f.   Current accounts with Bank Indonesia and
                                                                        other banks
       Giro pada Bank Indonesia dan bank lain                           Subsequent to initial recognition, current
       setelah perolehan awal dinilai sebesar biaya                     accounts with Bank Indonesia and other banks
       perolehan diamortisasi dengan menggunakan                        are measured at their amortized cost using the
       metode suku bunga efektif (EIR). Cadangan                        effective interest rate (EIR) method. Allowance
       kerugian penurunan nilai untuk giro pada bank                    for impairment losses for current account with
       lain diukur bila terdapat indikasi penurunan nilai               other bank is assessed if there is an indication
       dengan menggunakan metodologi penurunan                          of    impairment      using    the   impairment
       nilai sebagaimana diungkapkan dalam Catatan                      methodology as disclosed in Note 2m.
       2m.

2.g. Penempatan pada Bank Indonesia dan bank                     2.g. Placements with Bank Indonesia and other
     lain                                                             banks
     Penempatan pada Bank Indonesia dan bank                          Placements with Bank Indonesia and other
     lain merupakan penanaman dana dalam                              banks consist of call money, Bank Indonesia
     bentuk call money, Fasilitas Simpanan Bank                       Deposit Facilities and time deposits.
     Indonesia dan deposito berjangka.

       Penempatan pada Bank Indonesia dinyatakan                        Placements with Bank Indonesia are stated at
       sebesar saldo penempatan dikurangi dengan                        the outstanding balances, less unearned
       pendapatan bunga yang ditangguhkan.                              interest income.

       Penempatan pada bank lain pada awalnya                           Placements with other banks are initially
       diukur pada nilai wajar ditambah biaya                           measured at fair value plus incremental direct
       transaksi yang dapat diatribusikan secara                        transaction cost directly attributable to obtain
       langsung dan merupakan biaya tambahan                            the financial asset, and subsequently
       untuk memperoleh aset keuangan tersebut,                         measured at their amortized cost using the
       dan setelah pengakuan awal diukur pada biaya                     effective interest rate (EIR) method. Allowance
       perolehan diamortisasi menggunakan metode                        for impairment losses is assessed if there is an
       suku bunga efektif (EIR). Cadangan kerugian                      indication of impairment using the impairment
       penurunan nilai diukur bila terdapat indikasi                    methodology as disclosed in Note 2m.
       penurunan     nilai  dengan    menggunakan
       metodologi penurunan nilai sebagaimana
       diungkapkan dalam Catatan 2m.

2.h. Efek-efek                                                   2.h. Securities
     Efek-efek terdiri dari obligasi korporasi,                       Securities consist of corporate bonds,
     Obligasi Pemerintah Indonesia, Sertifikat Bank                   Government Bonds, Certificates of Bank
     Indonesia (“SBI”), Surat Perbendaharaan                          Indonesia (“SBI”), State Treasury Notes, and
     Negara, dan Sekuritas Rupiah Bank Indonesia                      Bank Indonesia Rupiah Securities (“SRBI”).
     (“SRBI”).

       Efek-efek pada awalnya diukur pada nilai wajar                   Securities are initially measured at fair value
       ditambah biaya transaksi, kecuali aset                           plus transaction costs, except for financial
       keuangan yang diklasifikasikan pada nilai wajar                  assets classified as fair value through profit or
       melalui laba rugi dimana biaya transaksi diakui                  loss where the transaction costs are
       langsung ke laporan laba rugi dan penghasilan                    recognized directly to the statement of profit or
       komprehensif     lain.  Pengukuran     setelah                   loss and other comprehensive income.
       pengakuan        awal     tergantung      pada                   Subsequent measurement depends on their
       klasifikasinya.                                                  classification.


                                                            26
Page 383
PT BANK MEGA TBK                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)

       Pengukuran efek-efek dan obligasi Pemerintah                    The      measurement      of     securities  and
       didasarkan atas klasifikasinya sebagai berikut:                 Government bonds are based on the
                                                                       classification of the securities as follows:

       1. Aset keuangan yang diukur pada nilai                         1.    Financial assets measured at fair value
          wajar melalui penghasilan komprehensif                             through other comprehensive income
          lain
          Surat-surat berharga yang diklasifikasikan                         Marketable securities which are classified
          sebagai dinilai pada nilai wajar melalui                           under     fair    value      through   other
          penghasilan komprehensif lain dinyatakan                           comprehensive income investments are
          pada nilai wajar. Pendapatan bunga diakui                          stated at fair value. Interest income is
          dalam laba rugi menggunakan metode                                 recognized in the profit or loss using the
          suku bunga efektif. Laba atau rugi selisih                         effective    interest    method.     Foreign
          kurs atas surat-surat berharga diakui pada                         exchange gains or losses on securities are
          laba rugi.                                                         recognized in the profit or loss.

           Perubahan nilai wajar lainnya diakui                              Other fair value changes are recognized
           langsung dalam ekuitas sampai surat-surat                         directly in equity until the securities is sold
           berharga dijual atau mengalami penurunan                          or impaired, whereby the cumulative gains
           nilai, dimana akumulasi keuntungan dan                            and losses previously recognized in the
           kerugian yang sebelumnya diakui dalam                             equity are recognized in the profit or loss.
           ekuitas diakui dalam laba rugi.

       2. Aset keuangan yang diukur pada nilai                         2.    Financial assets measured at fair value
          wajar melalui laba rugi                                            through profit or loss
          Keuntungan atau kerugian yang belum                                Unrealized gains or losses resulting from
          direalisasi akibat kenaikan atau penurunan                         changes in fair value are recognized in the
          nilai wajarnya disajikan dalam laba rugi                           profit or loss in current year. The interest
          tahun berjalan. Pendapatan bunga dari                              income from marketable securities is
          surat-surat berharga dicatat dalam laba                            recorded in the profit or loss according to
          rugi sesuai dengan persyaratan dalam                               the terms of the contract.
          kontrak.

2.i.   Instrumen keuangan derivatif                             2.i.   Derivative financial instruments
       Seluruh instrumen derivatif (termasuk transaksi                 All derivative instruments (including foreign
       valuta asing untuk tujuan pendanaan dan                         currency transactions for funding and trading)
       perdagangan) dicatat dalam laporan posisi                       are recorded in the statement of financial
       keuangan berdasarkan nilai wajarnya. Nilai                      position at fair value. Fair value is determined
       wajar tersebut ditentukan berdasarkan harga                     based on market value using Reuters rate at
       pasar dengan menggunakan kurs Bloomberg                         reporting date or discounted cash flow method.
       pada tanggal laporan atau metode arus kas
       yang didiskontokan.

       Instrumen keuangan derivatif diakui di laporan                  Derivative financial instruments are recognized
       posisi keuangan pada nilai wajar. Setiap                        in the statement of financial position at fair
       kenaikan nilai wajar kontrak derivatif dicatat                  value. Each increase in fair value of derivative
       sebagai aset apabila memiliki nilai wajar positif               contract is recorded as asset when the fair
       dan sebagai liabilitas apabila memiliki nilai                   value is positive and as liability when the fair
       wajar negatif.                                                  value is negative.

       Tagihan dan liabilitas derivatif diklasifikasikan               Derivative receivables and payables are
       sebagai aset dan liabilitas keuangan yang                       classified as financial assets and liabilities at
       diukur pada nilai wajar melalui laba rugi.                      fair value through profit or loss.

       Keuntungan atau kerugian dari kontrak derivatif                 Gains or losses on derivative contracts are
       disajikan dalam laporan keuangan berdasarkan                    presented in the financial statements based on
       tujuan Bank atas transaksi yaitu untuk (a)                      its purpose on the transaction, as (a) a hedge
       lindung      nilai    atas    nilai     wajar,                  of the fair value, (b) a cash flow hedge, (c) a

                                                           27
Page 384
PT BANK MEGA TBK                                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)

       (b) lindung nilai atas arus kas, (c) lindung nilai               hedge of a net investment in foreign
       atas investasi bersih pada kegiatan operasi luar                 operations, or (d) trading instruments, as
       negeri, atau (d) instrumen perdagangan,                          follows:
       sebagai berikut:
       a. Keuntungan atau kerugian dari kontrak                         a. Gains or losses on derivative contracts that
          derivatif yang ditujukan dan memenuhi                            are designated and qualified as hedging
          syarat sebagai instrumen lindung nilai atas                      instruments of the fair value and the gains
          nilai wajar dan keuntungan atau kerugian                         or losses on changes in fair value of assets
          atas perubahan nilai wajar aset dan liabilitas                   and liabilities that are protected, recognized
          yang dilindungi, diakui sebagai laba atau                        as     a      gain    or    loss    may     be
          rugi yang dapat saling hapus dalam periode                       offset in the same accounting period. Any
          akuntansi yang sama. Setiap selisih yang                         difference          representing        hedge
          terjadi         menunjukkan          terjadinya                  ineffectiveness is recognized as profit or
          ketidakefektifan lindung nilai dan secara                        loss in current year.
          langsung diakui sebagai laba atau rugi
          tahun berjalan.
       b. Bagian efektif dari keuntungan atau                           b. The effective portions of gains or losses on
          kerugian atas kontrak derivatif yang                             derivative contracts designated as cash
          ditujukan sebagai lindung nilai atas arus kas                    flow hedge are reported as other
          dilaporkan         sebagai        penghasilan                    comprehensive income. The ineffective
          komprehensif lainnya. Bagian yang tidak                          portions of the hedge are reported as profit
          efektif dari lindung nilai dilaporkan sebagai                    or loss in current year.
          laba atau rugi tahun berjalan.
       c. Keuntungan atau kerugian dari kontrak                         c. Gains or losses on derivative contracts
          derivatif yang ditujukan sebagai lindung nilai                   designated as hedges of a net investment
          atas investasi bersih pada kegiatan operasi                      in a foreign operation are reported as other
          luar negeri dilaporkan sebagai penghasilan                       comprehensive income to the extent it is
          komprehensif lainnya, sepanjang transaksi                        effective as a hedge.
          tersebut dianggap efektif sebagai transaksi
          lindung nilai.
       d. Keuntungan atau kerugian dari kontrak                         d. Gains or losses on derivative contracts not
          derivatif yang tidak ditujukan sebagai                           designated as a hedging instrument (or
          instrumen lindung nilai (atau kontrak                            derivative contract that does not qualify as a
          derivatif yang tidak memenuhi persyaratan                        hedging instrument) is recognized as profit
          sebagai instrumen lindung nilai) diakui                          or loss in current year.
          sebagai laba atau rugi pada tahun berjalan.

2.j.   Efek-efek yang dibeli dengan janji dijual                 2.j.   Securities purchased under agreement to
       kembali dan efek-efek yang dijual dengan                         resell and securities sold under agreement
       janji dibeli kembali                                             to repurchase
       Efek-efek yang dibeli dengan janji dijual                        Securities purchased under agreements to
       kembali (reverse repo) diakui sebesar harga                      resell (reverse repo) are recognized in the
       jual kembali efek yang bersangkutan, dikurangi                   amount of the resale price of the related
       pendapatan bunga yang belum diamortisasi.                        securities, less unamortized interest. The
       Selisih antara harga beli dengan harga jual                      difference between purchase price and the
       diperlakukan sebagai pendapatan bunga yang                       selling price is treated as unamortized interest
       belum diamortisasi dan diakui sebagai                            and is recognized as interest income in
       pendapatan bunga sesuai dengan jangka                            accordance with the period since the securities
       waktu efek dibeli hingga dijual kembali dengan                   are purchased until they are resold by using
       menggunakan metode suku bunga efektif                            effective interest rate (EIR) method. The
       (EIR). Efek yang dibeli tidak dibukukan sebagai                  securities received are not recorded as assets
       aset dalam laporan posisi keuangan karena                        on the statements of financial position because
       kepemilikan efek tetap berada pada pihak                         the ownership of the securities remains with
       penjual.                                                         the seller.




                                                            28
Page 385
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

     Efek-efek yang dibeli dengan janji untuk dijual              Securities purchased under agreements to
     kembali    diklasifikasikan  sebagai     biaya               resell are classified as amortized cost.
     perolehan yang diamortisasi.

     Efek-efek yang dijual dengan janji dibeli                    Securities sold under agreement to repurchase
     kembali (repo) diakui sebesar harga pembelian                (repo) agreements are recognized at the
     kembali yang disepakati dikurangi beban bunga                agreed repurchase price less unamortized
     yang belum diamortisasi. Beban bunga yang                    interest. The unamortized interest represents
     belum diamortisasi merupakan selisih antara                  the difference between the selling price and
     harga jual dengan harga beli kembali yang                    the agreed repurchase price and is recognized
     disepakati dan diakui sebagai beban bunga                    as interest expense during the period from the
     selama jangka waktu sejak efek dijual hingga                 sale of securities to the date of repurchase by
     dibeli kembali dengan menggunakan metode                     using Effective Interest Rate (EIR) method.
     suku bunga efektif (EIR). Efek yang dijual tetap             The securities sold are recorded as assets on
     dicatat sebagai aset dalam laporan posisi                    the statements of financial position because in
     keuangan karena secara substansi kepemilikan                 substance the ownership of the securities
     efek tetap berada pada pihak Bank sebagai                    remains with the Bank as the seller.
     penjual.

     Efek-efek yang dijual dengan janji dibeli                    Securities sold under agreement to repurchase
     kembali diklasifikasikan sebagai liabilitas                  are classified as financial liabilities measured
     keuangan yang diukur dengan biaya perolehan                  at amortized cost.
     diamortisasi.

2.k. Kredit yang diberikan                                   2.k. Loans
     Kredit yang diberikan pada awalnya diukur                    Loans are initially measured at fair value plus
     pada nilai wajar ditambah biaya transaksi yang               incremental transaction costs which can be
     dapat diatribusikan secara langsung dan                      directly attributable and are additional costs to
     merupakan biaya tambahan untuk memperoleh                    obtain      those     financial  assets,     and
     aset     keuangan    tersebut,  dan    setelah               subsequently measured at their amortized cost
     pengakuan awal diukur pada biaya perolehan                   using the effective interest method. Allowance
     diamortisasi dengan menggunakan metode                       for impairment losses is assessed if there is an
     suku bunga efektif. Cadangan kerugian atas                   indication of impairment using the impairment
     penurunan nilai dilakukan bila terdapat bukti                methodology as disclosed in Note 2m.
     objektif penurunan nilai dengan menggunakan
     metodologi penurunan nilai sebagaimana
     diungkapkan dalam Catatan 2m.

     Kredit yang diberikan dihapusbukukan ketika                  Loans are written-off when there are no
     tidak terdapat prospek yang realistis mengenai               realistic prospects of collection or when the
     pengembalian pinjaman atau hubungan normal                   Bank’s      normal    relationship   with   the
     antara Bank dan debitur dengan jaminan telah                 collateralized borrowers has ceased to exist.
     berakhir. Pinjaman yang tidak dapat dilunasi                 When loans are deemed uncollectible, they are
     dihapusbukukan dengan mendebit cadangan                      written-off against the related allowance for
     kerugian penurunan nilai. Pelunasan kemudian                 impairment losses. Subsequent recoveries of
     atas pinjaman yang telah dihapusbukukan                      loans written-off are credited to the allowance
     sebelumnya, dikreditkan ke cadangan kerugian                 for impairment losses from loans in the
     penurunan nilai pinjaman di laporan posisi                   statement of financial position.
     keuangan.

     Restrukturisasi kredit                                       Loan restructuring
     Restrukturisasi kredit meliputi modifikasi                   Loan restructuring may involve a modification
     persyaratan kredit, konversi kredit menjadi                  of the terms of the loans, conversion of loans
     saham atau instrumen keuangan lainnya                        into equity or other financial instruments and/or
     dan/atau kombinasi dari keduanya.                            a combination of both.



                                                        29
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PT BANK MEGA TBK                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                Unless Otherwise Stated)

       Kerugian yang timbul dari restrukturisasi kredit                Loss on loan restructuring in respect of
       yang berkaitan dengan modifikasi persyaratan                    modification of the terms of the loans are
       kredit diakui bila nilai tunai penerimaan kas                   recognized only if the cash value of total future
       masa depan yang telah ditentukan dalam                          cash receipt specified in the new terms of the
       persyaratan kredit yang baru, termasuk                          loan, including both receipt designated as
       penerimaan yang diperuntukan sebagai bunga                      interest and those designated as loan principal,
       maupun pokok, adalah lebih kecil dari nilai                     are less than the recorded amounts of loans
       kredit yang diberikan yang tercatat sebelum                     before restructuring.
       restrukturisasi.
       Untuk restrukturisasi kredit bermasalah dengan                  For non-performing restructured loan which
       cara konversi kredit yang diberikan menjadi                     involves a conversion of loan into equity or
       saham atau instrumen keuangan lainnya,                          other financial instrument, a loss on loan
       kerugian dari restrukturisasi kredit diakui hanya               restructuring is recognized only if the fair value
       apabila nilai wajar penyertaan saham atau                       of the equity investment or other financial
       instrumen keuangan yang diterima dikurangi                      instrument received, reduced by estimated
       estimasi biaya untuk menjualnya, adalah                         costs to sell the equity or other financial
       kurang dari nilai tercatat kredit yang diberikan.               instrument, is less than the carrying value of
                                                                       the loan.
2.l.   Tagihan dan utang akseptasi                              2.l.   Acceptance receivable and payable
       Dalam kegiatan bisnis biasa, Bank memberikan                    In the ordinary course of business, the Bank
       jaminan keuangan, seperti letters of credit,                    provides financial guarantees, consisting of
       bank garansi dan akseptasi.                                     letters of credit, bank guarantees and
                                                                       acceptances.
       Setelah pengakuan awal, tagihan dan utang                       After initial recognition, acceptance receivables
       akseptasi dicatat pada biaya perolehan                          and payables are recorded at amortized cost.
       diamortisasi.
       Cadangan kerugian penurunan nilai dilakukan                     Allowances for impairment losses are
       bila terdapat indikasi penurunan nilai dengan                   assessed if there is an indication of impairment
       menggunakan metodologi penurunan nilai                          by using the impairment methodology as
       sebagaimana diungkapkan dalam Catatan 2m.                       disclosed in Note 2m.
2.m. Penurunan nilai aset keuangan dan non-                     2.m. Impairment of financial and non-financial
     keuangan                                                        assets
       i. Penurunan nilai aset keuangan                                i. Impairment of financial assets
          Bank menganggap instrumen utang memiliki                        The Bank considers debt instruments to
          risiko kredit yang rendah ketika peringkat                      have low credit risk when the credit risk
          risiko kreditnya setara dengan definisi                         rating is at par with the globally understood
          investment grade yang dipahami secara                           definition of investment grade.
          global.
          Pengukuran            Kerugian        Kredit                    Measurement of Expected Credit Losses
          Ekspektasian (”KKE")                                            (”ECL”)
          Kerugian Kredit Ekspektasian adalah                             Expected Credit Loss is an estimate of the
          estimasi    probabilitas   tertimbang    dari                   weighted probability of a credit loss
          kerugian kredit yang diukur sebagai berikut:                    measured as follows:
          - Aset keuangan yang tidak memburuk                             - Financial assets that do not deteriorate at
            pada tanggal pelaporan, kerugian kredit                         the reporting date, the expected credit
            ekspektasian diukur sebesar selisih antara                      loss is measured at the difference
            nilai kini dari seluruh kekurangan kas                          between the present value of all cash
            (yaitu selisih antara arus kas yang                             shortages (i.e. the difference between the
            terutang kepada Bank sesuai dengan                              cash flows owed to the Bank in
            kontrak dan arus kas yang diperkirakan                          accordance with the contract and the
            akan diterima oleh Bank);                                       cash flows expected to be received by the
                                                                            Bank);

                                                           30
Page 387
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

       - Aset keuangan yang memburuk pada                   - Financial assets that deteriorate at the
         tanggal    pelaporan,    kerugian    kredit          reporting date, the expected credit loss is
         ekspektasian diukur sebesar selisih antara           measured at the difference between the
         jumlah tercatat bruto dan nilai kini arus            gross carrying amount and the present
         kas masa depan yang diestimasi;                      value of estimated future cash flows;
       - Komitmen pinjaman yang belum ditarik,              - For undisbursed loan commitments,
         kerugian kredit ekspektasian diukur                  expected credit losses are measured at
         sebesar selisih antara nilai kini jumlah             the difference between the present value
         arus kas jika komitmen ditarik dan arus              of the amount of cash flow if the
         kas yang diperkirakan akan diterima oleh             commitments is withdrawn and the cash
         Bank;                                                flow expected to be received by the Bank;
       - Kontrak jaminan keuangan, kerugian                 - For     financial  guarantee     contracts,
         kredit ekspektasian diukur sebesar selisih           expected credit losses are measured at
         antara pembayaran yang diperkirakan                  the difference between the estimated
         untuk mengganti pemegang atas kerugian               payments to replace the holder for the
         kredit yang terjadi dikurangi jumlah yang            credit losses incurred less the amount
         diperkirakan dapat dipulihkan.                       estimated to be recoverable.
       Bank     mengklasifikasikan  kredit yang             The Bank classifed the loans into 3 stages
       diberikan menjadi 3 tahap/stage sesuai               in accordance with its significant increase in
       dengan peningkatan risiko kredit secara              credit risk since their initial recognition.
       signifikan sejak pengakuan awalnya.
       Kerugian Kredit Ekspektasian 12 Bulan                12 Months - Expected Credit Losses
       (Stage 1)                                            (Stage 1)
       KKE diakui pada saat pengakuan awal                  ECL are recognized at the time of initial
       instrumen            keuangan         dan            recognition of a financial instrument and
       merepresentasikan       kekurangan    kas            represent the lifetime cash shortfalls arising
       sepanjang umur aset yang timbul dari                 from possible default events up to 12
       kemungkinan gagal bayar di masa yang                 months into the future from the reporting
       akan datang dalam kurun waktu 12 bulan               date. ECL continues to be determined on
       sejak tanggal pelaporan. KKE terus                   this basis until there is either a significant
       ditentukan oleh dasar ini sampai timbul              increase in the credit risk of an instrument
       peningkatan risiko kredit yang signifikan            or the instrument becomes credit-impaired.
       pada instrumen tersebut atau instrumen               If an instrument is no longer considered to
       tersebut telah mengalami penurunan nilai             exhibit a significant increase in credit risk,
       kredit. Jika suatu instrumen tidak lagi              ECL will revert to being determined on a 12-
       dianggap menunjukkan peningkatan risiko              month basis.
       kredit yang signifikan, maka KKE dihitung
       kembali berdasarkan basis 12 bulan.
       Peningkatan        Risiko     Kredit   yang          Significant Increase in Credit Risk
       Signifikan (Stage 2)                                 (Stage 2)
       Jika aset keuangan mengalami peningkatan             If a financial asset experiences a significant
       risiko kredit yang signifikan (“SICR”) sejak         increase in credit risk (“SICR”) since initial
       pengakuan        awal,     kerugian    kredit        recognition, an expected credit loss
       ekspektasian diakui atas kejadian gagal              provision is recognized for default events
       bayar yang mungkin terjadi sepanjang umur            that may occur over the lifetime of the
       aset. Peningkatan signifikan dalam risiko            asset. Significant increase in credit risk is
       kredit dinilai dengan membandingkan risiko           assessed by comparing the risk of default of
       gagal bayar atas eksposur pada tanggal               an exposure at the reporting date to the risk
       pelaporan dengan risiko gagal bayar saat             of default at origination (after taking into
       pengakuan awal (setelah memperhitungkan              account the passage of time). Significant
       perjalanan waktu dari akun tersebut).                does not mean statistically significant nor is
       Signifikan tidak berarti signifikan secara           it assessed in the context of changes in
       statistik, juga tidak dinilai dalam konteks          ECL. Whether a change in the risk of
       perubahan dalam KKE. Perubahan atas                  default is significant or not is assessed


                                                       31
Page 388
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

       risiko gagal bayar dinilai signifikan atau           using a number of quantitative and
       tidak, dinilai menggunakan sejumlah faktor           qualitative factors, the weight of which
       kuantitatif dan kualitatif, yang bobotnya            depends on the type of product and
       bergantung pada tipe produk dan pihak                counterparty. Financial assets that are 30
       lawan. Aset keuangan dengan tunggakan                days or more past due and not credit-
       30 hari atau lebih dan tidak mengalami               impaired will always be considered to have
       penurunan nilai akan selalu dianggap telah           experienced a significant increase in credit
       mengalami peningkatan risiko kredit yang             risk.
       signifikan.
       Eksposur yang Mengalami Penurunan                    Credit Impaired or Defaulted Exposures
       Nilai Kredit atau Gagal Bayar (Stage 3)              (Stage 3)
       Aset hanya akan dianggap mengalami                   An asset is only considered credit impaired
       penurunan nilai dan kerugian kredit                  and lifetime expected credit losses
       ekspektasian sepanjang umurnya diakui,               recognized, if there is observed objective
       jika terdapat bukti objektif penurunan nilai         evidence of impairment. These factors,
       yang dapat diobservasi. Faktor-faktor yang           which includes, amongst other factors,
       diobservasi ini, termasuk antara lain aset           assets in default or experiencing significant
       gagal bayar atau mengalami kesulitan                 financial   difficulty,  or     experiencing
       keuangan yang signifikan atau mengalami              forbearance on impaired credit.
       forbearance atas kredit yang mengalami
       penurunan nilai.
       Aset keuangan yang mengalami penurunan               Financial assets that are credit impaired or
       nilai kredit atau gagal bayar merupakan aset         in default represent those that are at least
       yang setidaknya telah memiliki tunggakan             90 days past due in respect of principal
       lebih dari 90 hari atas pokok dan/atau               and/or interest. Financial assets are also
       bunga. Aset keuangan juga dianggap                   considered to be credit impaired where the
       mengalami penurunan nilai kredit di mana             debtors are unlikely to pay on the
       debitur kemungkinan besar tidak akan                 occurrence of one or more observable
       membayar dengan terjadinya satu atau lebih           events that have a detrimental impact on
       kejadian yang teramati yang memiliki                 the estimated future cash flows of the
       dampak menurunkan jumlah estimasi arus               financial asset. Loss provisions against
       kas masa depan dari aset keuangan                    credit impaired financial assets are
       tersebut. Cadangan kerugian penurunan                determined based on an assessment of the
       nilai terhadap aset keuangan yang                    recoverable cash flows under a range of
       mengalami penurunan nilai ditentukan                 scenarios, including the realisation of any
       berdasarkan penilaian terhadap arus kas              collateral held where appropriate.
       yang      dapat     dipulihkan   berdasarkan
       sejumlah skenario, termasuk realisasi
       jaminan yang dimiliki jika memungkinkan.
       Aset Keuangan yang Direstrukturisasi                 Restructured Financial Assets
       Jika     ketentuan        aset     keuangan          If the terms of the financial assets are
       dinegosiasikan ulang atau dimodifikasi atau          renegotiated or modified or the existing
       aset keuangan yang ada diganti dengan                financial assets are replaced with new ones
       yang baru karena kesulitan keuangan                  due to the borrower’s financial difficulties,
       peminjam, maka dilakukan penilaian apakah            an assessment is made whether recognition
       aset keuangan yang ada harus dihentikan              of existing financial assets must be
       pengakuannya       dan     kerugian    kredit        derecognized and expected credit losses
       ekspektasian diukur sebagai berikut:                 measured as follows:
       - Jika restrukturisasi tidak mengakibatkan           - If the restructuring does not result in the
         penghentian pengakuan aset yang ada,                  termination of recognition of existing
         maka arus kas yang diperkirakan yang                  assets, then the estimated cash flows
         timbul   dari    aset    keuangan     yang            arising from the modified financial assets
         dimodifikasi      dimasukkan        dalam             are included in the calculation of cash
         perhitungan kekurangan kas dari aset                  shortages of existing assets.
         yang ada.

                                                       32
Page 389
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

       - Jika restrukturisasi akan menghasilkan            - If the restructuring will result in a
         penghentian pengakuan aset yang ada,                derecognition of the existing assets, the
         maka nilai wajar aset baru diperlakukan             fair value of the new asset is treated as
         sebagai arus kas akhir dari aset keuangan           the final cash flow of the existing financial
         yang ada pada saat penghentian                      assets at the time of derecognition. This
         pengakuannya. Jumlah ini dimasukkan                 amount is included in the calculation of
         dalam perhitungan kekurangan kas dari               cash shortages from existing financial
         aset    keuangan      yang    ada     yang          assets which are discounted from the
         didiskontokan dari tanggal penghentian              date of derecognition to the reporting date
         pengakuan      ke    tanggal     pelaporan          using the initial effective interest rate of
         menggunakan suku bunga efektif awal                 the existing financial assets.
         dari aset keuangan yang ada.

       Aset Keuangan yang Memburuk                         Credit-impaired Financial Assets
       Pada setiap tanggal pelaporan, Bank                 At each reporting date, the Bank assesses
       menilai apakah aset keuangan yang dicatat           whether the financial assets recorded at
       pada biaya perolehan diamortisasi dan aset          amortized cost and the financial assets of
       keuangan instrumen utang yang dicatat               debt instruments which are recorded at fair
       pada nilai wajar melalui penghasilan                value through other comprehensive income
       komprehensif lain mengalami penurunan               are credit- impaired (worsening). Financial
       nilai (memburuk). Aset keuangan memburuk            assets deteriorate when one or more events
       ketika satu atau lebih peristiwa yang               that have an adverse effect on the
       memiliki dampak merugikan atas estimasi             estimated future cash flows of the financial
       arus kas masa depan dari aset keuangan              assets have occurred.
       telah terjadi.

       Kriteria yang digunakan oleh Bank untuk             The criteria used by the Bank to determine
       menentukan bukti objektif penurunan nilai           that there is objective evidence of
       adalah sebagai berikut:                             impairment include:
       - Kesulitan keuangan signifikan yang                - Significant        financial      difficulties
         dialami penerbit atau pihak peminjam;               experienced by the issuer or the
                                                             borrower;
       - Pelanggaran kontrak, seperti peristiwa            - Breach of contract, such as a default or
         gagal bayar atau peristiwa tunggakan;               arrears;
       - Pihak pemberi pinjaman, untuk alasan              - The lender, for economic or contractual
         ekonomik atau kontraktual sehubungan                reasons in relation to the financial
         dengan kesulitan keuangan yang dialami              difficulties experienced by the borrower,
         pihak peminjam, telah memberikan                    has given concessions to the borrower
         konsesi pada pihak peminjam yang tidak              which is not possible if the borrower does
         mungkin diberikan jika pihak peminjam               not experience such difficulties;
         tidak mengalami kesulitan tersebut;
       - Terjadi kemungkinan        bahwa    pihak         - It is probable that the borrower will enter
         peminjam akan dinyatakan pailit atau                bankruptcy or the other financial
         melakukan       reorganisasi    keuangan            reorganization; or
         lainnya; atau
       - Hilangnya pasar aktif dari aset keuangan          - Loss of an active market for financial
         akibat kesulitan keuangan.                          assets due to financial difficulties.
       - Pembelian atau penerbitan aset keuangan           - Purchase or issuance financial asset at
         dengan diskon sangat besar yang                     significant discount which reflect the
         mencerminkan kerugian kredit yang                   credit loss that occurs.
         terjadi.




                                                      33
Page 390
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

       Aset Keuangan yang dibeli atau yang                 Purchased or originated credit-impaired
       berasal dari aset keuangan yang                     financial assets – POCI
       mengalami penurunan nilai (Purchased
       or originated credit-impaired financial
       assets - POCI)
       Aset keuangan dikategorikan sebagai POCI            Financial assets are catergorized as POCI if
       apabila terdapat bukti objektif penurunan           there is objective evidence of impairment at
       nilai pada saat pengakuan awal. Pada saat           initial recognition. At initial recognition, no
       pengakuan awal, tidak ada penyisihan                allowance for credit losses is recognized
       kerugian kredit yang diakui karena harga            because the purchase price or value has
       pembelian atau nilainya telah termasuk              included lifetime estimated credit losses.
       estimasi    kerugian     kredit  sepanjang          Furthermore, changes in lifetime credit
       umurnya. Selanjutnya, perubahan kerugian            losses, whether positive or negative, are
       kredit sepanjang umurnya, apakah positif            recognized in the statement of profit or loss
       atau negatif, diakui dalam laporan laba rugi        as part of the allowance for impairment
       sebagai bagian dari cadangan kerugian               losses.
       penurunan nilai.

       Penyajian penyisihan kerugian kredit                Presentation of allowance for expected
       ekspektasian dalam laporan posisi                   credit losses in statements of financial
       keuangan                                            position
       Penyisihan kerugian kredit ekspektasian             Allowance for expected credit losses is
       disajikan dalam laporan posisi keuangan             presented in the statement of financial
       sebagai berikut:                                    positions as follows:
       - aset keuangan yang diukur pada biaya              - Financial assets measured at amortized
         perolehan      diamortisasi,   penyisihan           cost, allowance for expected credit losses
         kerugian kredit ekspektasian disajikan              is presented as a deduction from the
         sebagai pengurang dari jumlah tercatat              gross carrying amount of the asset;
         bruto aset;
       - komitmen pinjaman dan kontrak jaminan             - Loan      commitments      and    financial
         keuangan, penyisihan kerugian kredit                guarantee contracts, allowance for
         ekspektasian disajikan sebagai provisi;             expected credit losses is presented as a
                                                             provision;
       - instrumen utang yang diukur pada nilai            - Debt instruments measured at fair value
         wajar melalui penghasilan komprehensif              through other comprehensive income,
         lain,   penyisihan     kerugian     kredit          allowance for expected credit losses are
         ekspektasian tidak diakui dalam laporan             not recognized in the statement of
         posisi keuangan karena jumlah tercatat              financial position because the carrying
         dari aset-aset ini adalah nilai wajarnya.           amounts of these assets are at their fair
         Namun demikian penyisihan kerugian                  values. However, allowance for expected
         kredit ekspektasian diungkapkan dan                 credit losses is disclosed and recognized
         diakui dalam penghasilan komprehensif               in other comprehensive income.
         lain.

       Perhitungan penurunan nilai secara                  Individual impairment calculation
       individual
       Bank menetapkan kredit yang diberikan               The Bank determines that loans should be
       yang harus dievaluasi penurunan nilainya            evaluated for impairment through individual
       secara individual jika kredit yang diberikan        evaluation if loans are classified as Stage 3
       diklasifikasikan sebagai Stage 3 dan                and considered individually significant. The
       dianggap signifikan secara individual. Bank         Bank assesses ECL by estimating the
       menghitung KKE dengan mengestimasi                  expected future cash flow from the loans.
       arus kas ekspektasian dari kredit yang
       diberikan.




                                                      34
Page 391
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

       Perhitungan penurunan nilai secara                  Collective impairment calculation
       kolektif
       Bank menetapkan kredit yang diberikan               The Bank determines that loans should be
       yang harus dievaluasi penurunan nilainya            evaluated for impairment through collective
       secara kolektif jika kredit yang diberikan          evaluation if loans are classified as Stage 1,
       diklasifikasikan sebagai Stage 1, Stage 2           Stage 2 and Stage 3 which are not
       dan Stage 3 yang tidak dianggap signifikan          considered individually significant. The
       secara individual. Bank menghitung KKE              Bank assesses ECL using collective
       menggunakan pendekatan kolektif dengan              approach with the risk parameter modelling
       model parameter risiko yang menggunakan             that incorporates a number of key
       beberapa parameter utama, antara lain               parameters, including the Probability of
       Probability of Default (“PD”), Loss Given           Default (“PD”), Loss Given Default (“LGD”),
       Default (“LGD”), Exposure at Default                Exposure at Default (“EAD”), and discount
       (“EAD”), dan tingkat diskonto setelah               rate after taking into consideration forward-
       memperhitungkan informasi perkiraan masa            looking          information,        including
       depan, termasuk faktor makroekonomi.                macroeconomic factors.

       Bank menggunakan model yang kompleks                The Bank primarily uses sophisticated
       yang menggunakan matriks PD, LGD dan                models that utilise the PD, LGD and EAD
       EAD.                                                metrics.

       a. Probability of Default (“PD”)                    a. Probability of Default (“PD”)
          Probabilitas yang timbul di suatu waktu             The probability at a point in time that a
          dimana debitur mengalami gagal bayar,               counterparty will default, calibrated over
          dikalibrasikan sampai dengan periode 12             up to 12 months from the reporting date
          bulan dari tanggal laporan (Stage 1) atau           (Stage 1) or over the lifetime of the
          sepanjang umur (Stage 2 dan 3) dan                  product (Stage 2 and 3) and
          digabungkan pada dampak asumsi                      incorporated to the impact of forward-
          ekonomi masa depan yang memiliki                    looking economic assumptions that have
          risiko kredit. PD diestimasikan pada poin           an effect on credit risk. PD is estimated
          in time di mana hal ini berfluktuasi                at a point in time that means it will
          sejalan dengan siklus ekonomi.                      fluctuate in line with the economic cycle.

       b. Loss Given Default (“LGD”)                       b. Loss Given Default (“LGD”)
          Kerugian yang diperkirakan akan timbul              The loss that is expected to arise on
          dari debitur yang mengalami gagal bayar             default, incorporating the impact of
          dengan menggabungkan dampak dari                    relevant     forward-looking      economic
          asumsi ekonomi masa depan yang                      assumptions (if any), which represents
          relevan (jika ada) di mana hal ini                  the difference between the contractual
          mewakili perbedaan antara arus kas                  cash flows due and those that the Bank
          kontraktual yang akan jatuh tempo                   expects to receive. The Bank estimates
          dengan arus kas yang diharapkan untuk               LGD based on the historical recovery
          diterima. Bank mengestimasikan LGD                  rates and considers the recovery of any
          berdasarkan data historis dari tingkat              collateral that is integral to the financial
          pemulihan      dan     memperhitungkan              assets, taking into account forward-
          pemulihan yang berasal dari jaminan                 looking     economic      assumptions      if
          terhadap     aset   keuangan    dengan              relevant.
          mempertimbangkan asumsi ekonomi di
          masa depan jika relevan.

       c. Exposure at Default (“EAD”)                      c. Exposure at Default (“EAD”)
          Perkiraan nilai eksposur neraca pada                The expected balance sheet exposure at
          saat      gagal       bayar        dengan           the time of default, taking into account
          mempertimbangkan bahwa perubahan                    that expected change in exposure over
          ekspektasi yang diharapkan selama                   the lifetime of the exposure. This
          masa eksposur. Hal ini menggabungkan                incorporates the impact of drawdowns of
          dampak     penarikan     fasilitas   yang           committed facilities, repayments of

                                                      35
Page 392
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

           committed, pembayaran pokok dan                         principal and interest, amortisation and
           bunga, amortisasi dan pembayaran                        early payments, together with the impact
           dipercepat, bersama dengan dampak                       of     forward-     looking    economic
           asumsi ekonomi masa depan jika                          assumptions if relevant.
           relevan.

        Untuk     menentukan     kerugian    kredit             To determine the expected credit loss,
        ekspektasian komponen-komponen ini akan                 these components are multiplied together
        diperhitungkan secara bersama-sama dan                  and discounted to the balance sheet date
        didiskontokan ke tanggal laporan keuangan               using the effective interest rate as the
        menggunakan diskonto berdasarkan suku                   discount rate.
        bunga efektif.

        Penerimaan kembali atas aset keuangan                   Recoveries of written-off financial assets
        yang telah dihapusbukukan
        Ketika kredit yang diberikan tidak tertagih,            When a loan is uncollectible, it is written off
        kredit yang diberikan tersebut dihapusbuku              against    the   related   allowance        for
        dengan menjurnal balik cadangan kerugian                impairment loss. Such loans are written off
        penurunan nilai. Kredit yang diberikan                  after all the necessary procedures have
        tersebut dapat dihapus buku setelah semua               been completed and the amount of the loss
        prosedur yang diperlukan telah dilakukan                has been determined.
        dan jumlah kerugian telah ditentukan.

        Penerimaan kembali atas aset keuangan                   The recoveries of written-off financial assets
        yang telah dihapusbukukan pada tahun                    in the current year are credited by adjusting
        berjalan dikreditkan dengan menyesuaikan                the allowance for impairment losses
        akun cadangan kerugian penurunan nilai.                 accounts. Recoveries of written-off financial
        Penerimaan kembali atas aset keuangan                   assets from previous years are recorded as
        yang telah dihapusbukukan pada tahun                    operational income other than interest
        sebelumnya dicatat sebagai pendapatan                   income.
        operasional selain pendapatan bunga.

     ii. Penurunan nilai aset non-keuangan                   ii. Impairment of non-financial assets
         Nilai tercatat dari aset yang bukan aset                The carrying amounts of the Bank’s non-
         keuangan Bank, kecuali aset pajak                       financial assets, other than deferred tax
         tangguhan,      ditelaah   setiap    tanggal            assets, are reviewed at each reporting date
         pelaporan untuk menentukan apakah                       to determine whether there is any indication
         terdapat indikasi penurunan nilai. Jika                 of impairment. If any such indication exists
         indikasi tersebut ada, maka nilai yang dapat            then the asset’s recoverable amount will be
         dipulihkan dari aset tersebut akan                      estimated.
         diestimasi.

        Nilai yang dapat diperoleh kembali dari                 The recoverable amount of an asset or
        suatu aset atau unit penghasil kas adalah               cash generating unit is the greater of its
        sebesar jumlah yang lebih tinggi antara nilai           value in use and its fair value less costs to
        pakainya dan nilai wajar aset atau unit                 sell. In assessing value in use, the
        penghasil kas dikurangi biaya untuk                     estimated future cash flows are discounted
        menjual. Dalam menilai nilai pakai, estimasi            to their present value using pre-tax discount
        arus kas masa depan didiskontokan ke nilai              rate     that   reflects    current   market
        sekarang dengan menggunakan tingkat                     assessments of the time value of money
        diskonto sebelum pajak yang mencerminkan                and the risks specific to the asset.
        penilaian pasar saat ini terhadap nilai kas
        kini dan risiko spesifik terhadap aset
        tersebut.




                                                        36
Page 393
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

        Cadangan penurunan nilai diakui pada                          Allowance for impairment loss recognized in
        tahun sebelumnya dinilai pada setiap                          prior year is assessed at each reporting
        tanggal pelaporan untuk melihat adanya                        date for any indications that the loss has
        indikasi bahwa kerugian telah menurun atau                    decreased or no longer exists. An
        tidak ada lagi. Kerugian penurunan nilai                      impairment loss is reversed if there has
        dijurnal balik jika terdapat perubahan                        been a change in the estimates used to
        estimasi     yang     digunakan      dalam                    determine the recoverable amount.
        menentukan nilai yang dapat dipulihkan.

        Cadangan kerugian penurunan nilai dijurnal                    Allowance for impairment losses is reversed
        balik hanya hingga nilai tercatat aset tidak                  only to the extent that the asset’s carrying
        melebihi nilai tercatat yang telah ditentukan,                amount does not exceed the carrying
        dikurangi      dengan      depresiasi     atau                amount that would have been determined,
        amortisasi, jika cadangan penurunan nilai                     net of depreciation or amortization, if no
        tidak pernah diakui.                                          impairment loss had been recognized.

        Bank tidak diwajibkan lagi untuk membentuk                    The Bank is not required to provide an
        cadangan kerugian penurunan nilai untuk                       allowance for impairment losses for non-
        aset non produktif, tetapi Bank tetap harus                   productive assets, but the Bank should still
        menghitung cadangan kerugian penurunan                        calculate the impairment losses in
        nilai mengacu pada standar akuntansi yang                     accordance with the applicable accounting
        berlaku (Catatan 14b).                                        standards (see Note 14b).

2.n. Aset tetap, aset hak-guna dan liabilitas sewa            2.n. Fixed assets, right-of-use assets and lease
                                                                   liabilities

     Aset tetap                                                    Fixed assets
     Bank menerapkan kebijakan akuntansi model                     Bank applies revaluation model as accounting
     revaluasi untuk aset tetap berupa tanah dan                   policy for land and buildings. Fixed assets
     bangunan. Aset tetap selain tanah dan                         other than land and buildings apply cost model.
     bangunan menggunakan model biaya.

     Tanah dan bangunan disajikan sebesar nilai                    Land and buildings are stated at fair value, less
     wajar, dikurangi akumulasi penyusutan untuk                   subsequent       depreciation     for    buildings.
     bangunan. Penilaian terhadap tanah dan                        Valuation of land and buildings is performed by
     bangunan dilakukan oleh penilai independen                    external independent valuers with certain
     eksternal yang telah memiliki sertifikasi.                    qualification. Valuations are performed with
     Penilaian atas aset tersebut dilakukan secara                 sufficient regularity to ensure that the fair value
     berkala untuk memastikan bahwa nilai wajar                    of a revalued asset does not differ materially
     aset yang direvaluasi tidak berbeda secara                    from its carrying amount. Any accumulated
     material dengan nilai tercatatnya. Akumulasi                  depreciation at the date of revaluation is
     penyusutan pada tanggal revaluasi dieliminasi                 eliminated against the gross carrying amount
     terhadap nilai tercatat bruto aset, dan nilai                 of the asset, and the net amount is restated to
     netonya disajikan kembali sebesar nilai                       the revalued amount of the asset.
     revaluasian aset tetap.

     Jika nilai wajar dari aset yang direvaluasi                   If the fair value of the revalued asset change
     mengalami perubahan yang signifikan dan                       significantly, it is necessary to revaluate on an
     fluktuatif, maka perlu direvaluasi secara                     annual basis, whereas if the fair value of the
     tahunan, sedangkan jika nilai wajar dari aset                 revaluated asset does not change significantly,
     yang direvaluasi tidak mengalami perubahan                    it is necessary to revaluate every 3 years,
     yang signifikan dan fluktuatif, maka perlu                    taking the conditions of the related year into
     dilakukan revaluasi setiap 3 tahun sekali,                    considerations.
     dengan mempertimbangkan kondisi pada tahun
     tersebut.



                                                         37
Page 394
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

     Kenaikan nilai tercatat yang timbul dari                     Increase in the carrying amount arising from
     revaluasi tanah dan bangunan dicatat sebagai                 revaluation of land and buildings is recorded in
     “Surplus Revaluasi Aset Tetap” dan disajikan                 “Revaluation Surplus of Fixed Assets” and
     sebagai “Penghasilan Komprehensif Lain”.                     presented as “Other Comprehensive Income”.
     Penurunan nilai tercatat yang timbul dari                    Decrease in carrying amount as a result of
     revaluasi, jika ada, dicatat sebagai beban pada              revaluation, if any, is recorded as expenses in
     tahun berjalan. Apabila aset tersebut memiliki               the current year. If the asset does have
     saldo “Surplus Revaluasi Aset Tetap” maka                    balance on its “Revaluation Surplus of Fixed
     selisih penurunan nilai tercatat tersebut                    Assets”, loss from revaluation of fixed asset is
     dibebankan terhadap “Surplus Revaluasi Aset                  charged to “Revaluation Surplus of Fixed
     Tetap” yang disajikan sebagai “Penghasilan                   Assets” which is presented as “Other
     Komprehensif Lain” dan sisanya diakui sebagai                Comprehensive Income” and the remaining
     beban tahun berjalan.                                        balance is charged to current year’s expenses.

     Surplus revaluasi yang dipindahkan ke saldo                  The amount of the surplus transferred would
     laba adalah sebesar perbedaan biaya                          be the difference between depreciation based
     perolehan awalnya. Pemindahan surplus                        on the revalued carrying amount of the asset
     revaluasi ke saldo laba tidak dilakukan melalui              and depreciation based on the asset’s original
     laba rugi.                                                   cost. Transfer from revaluation surplus to
                                                                  retained earnings is not made through profit
                                                                  and loss.

     Aset tetap, selain tanah dan bangunan, pada                  Fixed assets, except land and buildings, are
     awalnya dinyatakan sebesar harga perolehan.                  initially recognized at cost. Acquisition cost
     Biaya perolehan mencakup harga pembelian                     includes purchase price and expenditures
     dan semua pengeluaran-pengeluaran yang                       directly attributable to bring the assets to the
     terkait secara langsung untuk membawa aset                   location and condition necessary for it to be
     tersebut ke lokasi dan kondisi yang diperlukan               capable of operating in the manner attended
     untuk memungkinkan aset tersebut beroperasi                  by management. Subsequent to initial
     sebagaimana ditentukan oleh manajemen.                       measurement, fixed assets are measured
     Setelah pengukuran awal, aset tetap diukur                   using cost model, carried at its cost less
     dengan model biaya, dicatat pada harga                       accumulated depreciation and accumulated
     perolehan dikurangi akumulasi penyusutan dan                 impairment losses.
     akumulasi kerugian penurunan nilai aset.

     Tanah, termasuk biaya pengurusan legal hak                   Land, including legal cost incurred when the
     atas tanah ketika tanah diperoleh pertama kali,              land was first acquired, is recognized as part of
     diakui sebagai bagian dari biaya perolehan                   the land acquisition cost and not amortized.
     aset tanah dan tidak diamortisasi. Biaya                     The cost of the extension or renewal of legal
     pengurusan perpanjangan atau pembaruan                       right over land is deferred and amortized over
     legal hak atas tanah ditangguhkan dan                        the life of legal life or economic life of the land,
     diamortisasi sepanjang umur hukum hak atau                   whichever is shorter.
     umur ekonomi tanah, mana yang lebih pendek.

     Penyusutan aset tetap selain tanah dihitung                  Depreciations of fixed assets other than land
     dengan menggunakan metode garis lurus atau                   are calculated on a straight-line or double
     saldo menurun berganda berdasarkan taksiran                  declining balance method based on the
     masa manfaat aset tetap sebagai berikut:                     estimated useful lives of the assets as follows:

                                                        Tahun/
                                                        Years
     Bangunan                                               20                                                   Buildings
     Peralatan dan perabot kantor,                                             Office equipment and furniture and fixtures,
       kendaraan dan perbaikan gedung                       4-8                     vehicles and building improvements




                                                       38
Page 395
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     Beban       perbaikan      dan     pemeliharaan          Normal repair and maintenance expenses are
     dibebankan pada laba rugi; sedangkan                     charged to the profit or loss; while renovation
     renovasi dan penambahan yang jumlahnya                   and betterments, which are significant and
     signifikan dan memperpanjang masa manfaat                prolong the useful life of assets, are capitalized
     dikapitalisasi ke aset tetap yang bersangkutan.          to the respective assets. The carrying amount
     Nilai tercatat serta akumulasi penyusutan atas           and the related accumulated depreciation of
     aset tetap yang tidak digunakan lagi atau dijual,        fixed assets which are not utilized anymore or
     dikeluarkan dari kelompok aset tetap yang                sold, are removed from the related Bank of
     bersangkutan, dan laba atau ruginya diakui               assets, and the gains or losses are recognized
     dalam laba rugi.                                         in the profit or loss.

     Aset dalam penyelesaian merupakan aset yang              Construction in progress consists of assets
     masih dalam proses pembangunan dan belum                 that are still in progress of construction and are
     siap untuk digunakan, serta dimaksudkan untuk            not ready for use yet and are intended to be
     dipergunakan dalam kegiatan usaha. Aset ini              used for business activity. This account is
     dicatat sebesar biaya yang telah dikeluarkan             recorded based on the amount paid and
     dan dipindahkan ke aset tetap yang                       transferred to the respective fixed assets when
     bersangkutan pada saat selesai dan siap                  completed and ready to use.
     digunakan.

     Jumlah tercatat aset tetap dihentikan                    An item of fixed asset is derecognized upon
     pengakuannya pada saat dilepaskan atau saat              disposal or when no future economic benefits
     tidak ada manfaat ekonomis masa depan yang               are expected from its use or disposal. Any gain
     diharapkan     dari     penggunaan       atau            or loss arising on derecognition of the asset
     pelepasannya. Laba atau rugi yang timbul dari            (calculated as the difference between the net
     penghentian pengakuan aset (dihitung sebagai             disposal proceeds and the carrying amount of
     perbedaan antara jumlah neto hasil pelepasan             the asset) is included in profit or loss in the
     dan jumlah tercatat dari aset) diperhitungkan            period such asset is derecognized.
     dalam laba rugi pada periode aset tersebut
     dihentikan pengakuannya.

     Pada setiap akhir tahun buku, Bank melakukan             The residual values, useful lives and methods
     penelaahan atas nilai residu, masa manfaat               of depreciation of fixed asset are reviewed by
     dan metode penyusutan dan disesuaikan                    Bank    and      adjusted    prospectively,  if
     secara prospektif.                                       appropriate, at the end of each year.

     Aset hak-guna dan liabilitas sewa                        Right-of-use assets and lease liabilities
     Pada tanggal permulaan kontrak, Bank menilai             At the inception of a contract, the Bank
     apakah kontrak merupakan atau mengandung                 assesses whether the contract is or contains a
     sewa. Suatu kontrak merupakan atau                       lease. A contract is or contains a lease if the
     mengandung sewa jika kontrak tersebut                    contract conveys the right to control the use of
     memberikan    hak    untuk     mengendalikan             an identified assets for a period of time in
     penggunaan aset identifikasian selama suatu              exchange for consideration. The Bank can
     jangka waktu untuk dipertukarkan dengan                  choose not to recognise the right-of-use asset
     imbalan. Bank dapat memilih untuk tidak                  and lease liabilities for:
     mengakui aset hak-guna dan liabilitas sewa
     untuk:
     • sewa dengan jangka waktu kurang atau                   • Leases with a term of less or equal to 12
        sama dengan 12 bulan dan tidak terdapat                 months and there is no call option;
        opsi beli;
     • sewa atas aset dengan nilai rendah.                    • Leases of low value assets.

     Untuk menilai apakah kontrak memberikan hak              To assess whether a contract conveys the right
     untuk mengendalikan         penggunaan     aset          to control the use of an identified asset, the
     identifikasian, Bank harus menilai apakah:               Bank shall assess whether:
     • Bank memiliki hak untuk mengoperasikan                 • The Bank has the right to operate the
        aset; dan                                                assets; and


                                                         39
Page 396
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

     • Bank telah mendesain aset dengan cara                 • The Bank has designed the assets by
       menetapkan sebelumnya bagaimana dan                     predetermining how and for what purpose it
       untuk tujuan apa aset akan digunakan                    will be used.
       selama periode penggunaan.

     Bank mengakui liabilitas sewa sebesar jumlah            The Bank recognized lease liabilities at the
     pembayaran sewa yang masih harus dibayar                amount of lease payments accrued to the end
     hingga akhir masa sewa yang didiskontokan               of the lease term which is discounted using the
     dengan menggunakan suku bunga pinjaman                  incremental borrowing rate. While the right-of-
     inkremental.   Sedangkan     aset  hak-guna             use assets includes the amount of lease
     mencakup jumlah liabilitas sewa yang diakui,            liabilities recognized, initial direct costs paid,
     biaya langsung awal yang dibayarkan, biaya              restoration costs and lease payments on or
     pemulihan dan pembayaran sewa yang                      before the start date of the lease, less lease
     dilakukan pada atau sebelum tanggal mulai               incentives      received.     Right-of-use    are
     sewa, dikurangi insentif sewa yang diterima.            depreciated using the straight-line method over
     Aset hak guna disusutkan dengan metode garis            the shorter period between the lease term and
     lurus selama jangka waktu yang lebih pendek             the estimated useful life of the asset.
     antara masa sewa dengan estimasi masa
     manfaat aset.

     Jika kepemilikan aset sewa dialihkan ke Bank            If the ownership of lease asset is transferred to
     pada akhir masa sewa atau pembayaran sewa               the Bank at the end of the lease term or the
     mencerminkan pelaksanaan opsi pembelian,                lease payments reflect the exercise of the
     penyusutan dihitung menggunakan estimasi                purchase option, depreciation is calculated
     masa manfaat ekonomis aset. Aset hak-guna               using the estimated useful life of the assets.
     diuji penurunan nilainya sesuai dengan PSAK             Right-of-use assets are tested for impairment
     48 tentang “Penurunan Nilai Aset”.                      in accordance with PSAK 48 regarding
                                                             “Impairment of Assets”.

     Pada tanggal dimulainya sewa, Bank mengakui             On the initial lease date, the Bank recognized
     liabilitas sewa yang diukur pada nilai kini dari        lease liabilities which measured at the present
     pembayaran sewa masa depan yang akan                    value of future lease payments that will be paid
     dibayarkan selama masa sewa. Pembayaran                 over the lease term. Lease payments include
     sewa termasuk pembayaran tetap (termasuk                fixed payments (including substantially fixed
     pembayaran tetap secara-substansi) dikurangi            payments), less lease incentive receivables,
     piutang insentif sewa, pembayaran sewa                  variable lease payments that depends on index
     variabel yang bergantung pada indeks atau               or interest rate, and the expected amount to be
     suku bunga, dan jumlah yang diharapkan akan             paid in a residual value guarantee. Lease
     dibayar      dalam    jaminan   nilai    residu.        payments also include the reasonable exercise
     Pembayaran sewa juga termasuk harga                     price for the purchase option if it is determined
     eksekusi opsi pembelian yang wajar jika                 to be made by the Bank and the payment of a
     dipastikan akan dilakukan oleh Bank dan                 penalty to terminate the lease, if the lease term
     pembayaran penalti untuk mengakhiri sewa,               reflects the Bank exercising the lease
     jika jangka waktu sewa mencerminkan Bank                termination option. Variable lease payments
     mengeksekusi       opsi   penghentian     sewa.         that are not depends on an index or interest
     Pembayaran sewa variabel yang tidak                     rate are recognized as an expense in the
     bergantung pada indeks atau suku bunga                  period in which the event or condition that
     diakui sebagai beban pada periode di mana               triggers the payment occurs.
     peristiwa     atau   kondisi  yang     memicu
     pembayaran terjadi.

     Dalam menghitung nilai kini dari pembayaran             In calculating the present value of lease
     sewa, Bank menggunakan suku bunga                       payments, the Bank uses the lessee’s
     pinjaman inkremental penyewa pada tanggal               incremental borrowing rate at the inception
     dimulainya sewa karena suku bunga implisit              date of the lease since the implicit interest rate
     dalam sewa tidak dapat ditentukan. Setelah              in the lease cannot be determined. After the
     tanggal dimulainya sewa, jumlah liabilitas sewa         inception date of the lease, the amount of the

                                                        40
Page 397
PT BANK MEGA TBK                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                             Unless Otherwise Stated)

     ditingkatkan untuk mencerminkan pertambahan                    lease liability is increased to reflect the interest
     bunga dan dikurangi pembayaran sewa yang                       increase and less lease payments made.
     dilakukan. Selain itu, jumlah tercatat liabilitas              Furthermore, the lease liabilities carrying
     sewa diukur kembali jika terdapat modifikasi,                  amount is remeasured if there are
     perubahan jangka waktu sewa, perubahan                         modifications, changes in term of the lease,
     pembayaran sewa, atau perubahan dalam                          lease payments, or the valuation of the option
     penilaian opsi untuk membeli aset pendasar.                    to purchase the underlying asset.

     Sewa jangka pendek (dengan jangka waktu                        Short-term leases (with term of less or equal to
     kurang atau sama dengan 12 bulan) dan sewa                     12 months) and leases of low-value assets,
     aset bernilai rendah, serta elemen-elemen                      and elements of those leases, partially or
     sewa tersebut, sebagian atau seluruhnya tidak                  entirely not applying the recognition principles
     menerapkan prinsip-prinsip pengakuan yang                      stipulated by PSAK 73 will be treated the same
     ditentukan oleh PSAK 73 akan diperlakukan                      as operating leases in PSAK 30. The Bank will
     sama dengan sewa operasi pada PSAK 30.                         recognize these lease payments on a straight-
     Bank akan mengakui pembayaran sewa                             line basis during the lease period on the
     tersebut dengan dasar garis lurus selama masa                  statement of profit or loss and other
     sewa dalam laporan laba rugi dan penghasilan                   comprehensive income. This expense is
     komprehensif lain. Beban ini dicatat pada                      recorded under general and administrative
     beban umum dan administrasi dalam laporan                      expenses in profit or loss.
     laba rugi.

     Penerapan pencatatan PSAK 73 berlaku untuk                     The recording implementation of PSAK 73 is
     seluruh sewa (kecuali sebagaimana yang                         applied for all leases (except as stated earlier),
     disebutkan sebelumnya), yaitu sebagai berikut:                 as follows:
     a. Menyajikan aset hak-guna sebagai bagian                     a. Presents right-of-use assets as part of
         dari aset tetap dan liabilitas sewa disajikan                  fixed assets and lease liabilities presented
         sebagai bagian dari liabilitas lain-lain dalam                 as part of other liabilities in the statement
         laporan posisi keuangan, yang diukur pada                      of financial position which measured at the
         nilai kini dari pembayaran sewa masa                           present value of the future lease
         depan;                                                         payments;
     b. Mencatat penyusutan aset hak-guna dan                       b. Records depreciation of right-of-use assets
         bunga atas liabilitas sewa dalam laporan                       and interest on lease liabilities in the
         laba rugi dan penghasilan komprehensif;                        statement of profit or loss and other
         dan                                                            comprehensive income; and
     c. Memisahkan jumlah total pembayaran ke                       c. Separates the total amount of cash paid
         bagian pokok (disajikan dalam kegiatan                         into principal portion (presented within
         pendanaan) dan bunga (disajikan dalam                          financing activities) and interest (presented
         kegiatan operasional) dalam laporan arus                       within operating activities) in the statement
         kas.                                                           of cash flows.

2.o. Agunan yang diambil alih                                  2.o. Foreclosed assets
     Agunan yang diambil alih disajikan dalam akun                  Foreclosed assets are presented in the other
     aset lain-lain.                                                assets account.

     Agunan yang diambil alih dinyatakan sebesar                    Foreclosed assets are stated at net realizable
     nilai realisasi bersih atau sebesar nilai                      value or stated at loan outstanding amount,
     outstanding kredit yang diberikan, mana yang                   whichever is lower. Net realizable value is the
     lebih rendah. Nilai realisasi bersih adalah nilai              fair value of the foreclosed assets less
     wajar agunan yang diambil alih dikurangi                       estimated costs of disposing the assets. The
     dengan estimasi biaya untuk menjual agunan                     excess of loan receivable over the net
     tersebut. Selisih lebih saldo kredit di atas nilai             realizable value of the foreclosed assets is
     realisasi neto dari agunan yang diambil alih                   charged to allowance for loan impairment
     dibebankan ke dalam akun cadangan kerugian                     losses.
     penurunan nilai kredit.



                                                          41
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PT BANK MEGA TBK                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                             Unless Otherwise Stated)

     Selisih antara nilai agunan yang diambil alih                 The difference between the value of the
     dan hasil penjualannya diakui sebagai                         foreclosed assets and the proceeds from the
     keuntungan atau kerugian pada saat penjualan.                 sale of such property is recorded as a gain or
                                                                   loss when the property is sold.

     Manajemen mengevaluasi nilai agunan yang                      Management evaluates the value of foreclosed
     diambil alih secara berkala. Cadangan kerugian                assets regularly. An allowance for possible
     penurunan nilai pada agunan yang diambil alih                 losses on foreclosed assets are provided
     dibentuk berdasarkan penurunan nilai agunan                   based on the decline in value of foreclosed
     yang diambil alih.                                            assets.

     Beban-beban sehubungan dengan perolehan                       Expenses in relation with the acquisition and
     dan pemeliharaan agunan yang diambil alih                     maintenance of foreclosed assets are charged
     dibebankan pada laba rugi tahun berjalan pada                 in the profit or loss in the current year.
     saat terjadinya.

2.p. Aset lain-lain                                           2.p. Other assets
     Terdiri dari aset yang tidak material yang tidak              Represent immaterial assets that cannot be
     dapat digolongkan dalam pos-pos sebelumnya.                   classified under the above accounts. Other
     Aset lain-lain dinyatakan sebesar nilai tercatat,             assets are stated at carrying amount, which is
     yaitu harga perolehan setelah dikurangi dengan                cost less accumulated amortization, allowance
     akumulasi amortisasi, penurunan nilai atau                    for impairment losses or possible losses.
     cadangan kerugian.

2.q. Liabilitas segera                                        2.q. Obligations due immediately
     Liabilitas segera merupakan liabilitas Bank                   Obligations due immediately represent the
     kepada pihak lain yang sifatnya wajib segera                  Bank’s liabilities to beneficiaries that are
     dibayarkan sesuai dengan perintah pemberi                     payable immediately in accordance with the
     amanat atau perjanjian yang ditetapkan                        demand from the beneficiaries or as agreed
     sebelumnya. Liabilitas segera dinyatakan                      upon by the Bank’s and the beneficiaries.
     sebesar nilai liabilitas Bank kepada pemberi                  Obligation due immediately are stated at
     amanat.                                                       outstanding payables to the beneficiaries.

2.r. Simpanan dari nasabah dan simpanan dari                  2.r. Deposits from customer and deposits from
     Bank lain                                                     other banks
     Simpanan dari nasabah dan simpanan dari                       Deposits from customer and deposits from
     bank lain pada awalnya diukur pada nilai wajar                other banks are initially measured at fair value
     ditambah biaya      transaksi yang dapat                      plus directly attributable transaction costs and
     diatribusikan secara langsung dan setelah                     subsequently measured at their amortized cost
     pengakuan awal diukur pada biaya perolehan                    using the effective interest method.
     diamortisasi dengan menggunakan metode
     suku bunga efektif.

2.s. Pendapatan dan beban bunga                               2.s. Interest income and expense
     Pendapatan dan beban bunga diakui dalam                       Interest income and expenses are recognized
     laba rugi dengan menggunakan metode suku                      in the profit or loss using the effective interest
     bunga efektif. Suku bunga efektif adalah suku                 rate method. The effective interest rate is the
     bunga yang secara tepat mendiskontokan                        rate that exactly discounts the estimated future
     estimasi pembayaran dan penerimaan kas di                     cash payments and receipts through the
     masa datang selama perkiraan umur dari aset                   expected life of the financial asset or financial
     keuangan atau liabilitas keuangan (atau, jika                 liability (or, where appropriate, a shorter
     lebih tepat, digunakan periode yang lebih                     period) to the carrying amount of the financial
     singkat) untuk memperoleh nilai tercatat dari                 asset or financial liability. When calculating the
     aset keuangan atau liabilitas keuangan. Pada                  effective interest rate, the Bank estimates
     saat menghitung suku bunga efektif, Bank                      future cash flows considering all contractual
     mengestimasi arus kas di masa datang dengan                   terms of the financial instrument but not future
     mempertimbangkan       seluruh    persyaratan                 credit losses.

                                                         42
Page 399
PT BANK MEGA TBK                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                             Unless Otherwise Stated)

     kontraktual    dalam    instrumen  keuangan
     tersebut, tetapi tidak mempertimbangkan
     kerugian kredit di masa mendatang.

     Perhitungan suku bunga efektif mencakup                     The calculation of the effective interest rate
     biaya transaksi (Catatan 2e.ii) dan seluruh                 includes transaction costs (Note 2e.ii) and all
     imbalan/provisi    dan   bentuk    lain   yang              fees and points paid or received that are an
     dibayarkan atau diterima yang merupakan                     integral part of the effective interest rate.
     bagian tak terpisahkan dari suku bunga efektif.

     Pendapatan dan beban bunga yang disajikan di                Interest income and expenses presented in the
     dalam laba rugi meliputi:                                   profit or loss include:

     a.   Pendapatan dan beban bunga atas aset                   a.    Interest income and expense on financial
          keuangan yang diukur pada nilai wajar                        assets measured at fair value through
          melalui penghasilan komprehensif lain                        other comprehensive income as well as
          serta aset keuangan dan liabilitas                           financial assets and financial liabilities
          keuangan yang dicatat berdasarkan biaya                      recorded at amortized cost are recognized
          perolehan diamortisasi, diakui pada                          in the statement of profit or loss using the
          laporan laba rugi dengan menggunakan                         effective interest method.
          metode suku bunga efektif.

          Jumlah tercatat bruto aset keuangan                          The gross carrying amount of a financial
          adalah biaya perolehan diamortisasi aset                     asset is the amortized cost of a financial
          keuangan sebelum disesuaikan dengan                          asset before adjusting for allowance for
          cadangan penurunan nilai.                                    impairment.

          Dalam menghitung pendapatan dan beban                        In calculating interest income and
          bunga, tingkat bunga efektif diterapkan                      expenses, the effective interest rate is
          pada jumlah tercatat bruto aset (ketika aset                 applied to the gross carrying amount of an
          tersebut bukan aset keuangan memburuk)                       asset (when the asset is not a deteriorated
          atau terhadap biaya perolehan diamortisasi                   financial asset) or to the amortized cost of
          dari liabilitas.                                             a liability.

          Untuk aset keuangan yang memburuk                            For financial assets that deteriorated after
          setelah pengakuan awal, pendapatan                           initial recognition, interest income is
          bunga dihitung dengan menerapkan tingkat                     calculated by applying an effective interest
          bunga efektif terhadap biaya perolehan                       rate to the amortized cost of the financial
          diamortisasi dari aset keuangan tersebut.                    assets. If the asset no longer deteriorates,
          Jika aset tersebut tidak lagi memburuk,                      the calculation of interest income will be
          maka perhitungan pendapatan bunga akan                       calculated by applying an effective interest
          dihitung dengan menerapkan tingkat bunga                     rate to the gross carrying amount of the
          efektif terhadap nilai tercatat bruto dari aset              financial asset.
          keuangan tersebut.

     b.   Keuntungan dan kerugian yang timbul dari               b.    Gains and losses arising from changes in
          perubahan nilai wajar atas aset keuangan                     the fair value of fair value through other
          yang dikasifikasikan dalam kelompok nilai                    comprehensive income financial assets
          wajar melalui penghasilan komprehensif                       other than foreign exchange gains or
          lain diakui secara langsung dalam laba rugi                  losses on debt instrument are recognized
          komprehensif (merupakan bagian dari                          directly in other comprehensive income (as
          ekuitas) sampai aset keuangan tersebut                       part of equity), until the financial asset is
          dihentikan pengakuannya atau adanya                          derecognized or impaired, except gain or
          penurunan nilai, kecuali keuntungan atau                     loss arising from changes in exchanges
          kerugian akibat perubahan nilai tukar untuk                  rate for debt instrument.
          instrumen utang.


                                                            43
Page 400
PT BANK MEGA TBK                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                Unless Otherwise Stated)

            Pada saat aset keuangan dihentikan                            When a financial asset is derecognized or
            pengakuannya atau dilakukan penurunan                         impaired, the cumulative gains or losses
            nilai, keuntungan atau kerugian kumulatif                     previously recognized in equity are
            yang sebelumnya diakui dalam ekuitas                          recognized in profit or loss.
            harus diakui pada laba rugi.

2.t.   Provisi dan komisi                                    2.t.   Fees and commissions
       Pendapatan dan beban provisi dan komisi yang                 Fees and commission income and expenses
       signifikan  dan merupakan bagian tak                         that are significant and integral to the effective
       terpisahkan dari suku bunga efektif atas aset                interest rate on financial asset or financial
       keuangan atau liabilitas keuangan dimasukkan                 liability are included in the measurement of the
       ke dalam perhitungan suku bunga efektif.                     effective interest rate.

       Pendapatan provisi dan komisi lainnya                        Other fees and commission income, including
       termasuk provisi yang terkait dengan kegiatan                credit related fees, export-import related fees,
       perkreditan, kegiatan ekspor-impor, provisi                  syndication lead arranger fees, and provision
       sebagai pengatur sindikasi dan provisi atas                  for services are recognized when the related
       jasa diakui pada saat jasa tersebut dilakukan.               services are performed.

       Beban provisi dan komisi lainnya sehubungan                  Other fees and commission expense related
       dengan transaksi antar bank diakui sebagai                   mainly to inter-bank transaction are recognized
       beban pada saat jasa tersebut diterima.                      as expense when the service are received.

       Apabila pinjaman diselesaikan sebelum jatuh                  The outstanding balances of unamortized fees
       tempo, maka saldo pendapatan provisi dan                     and commissions on loans terminated or
       komisi yang belum diamortisasi diakui pada                   settled prior to maturity are recognized as
       saat pinjaman diselesaikan.                                  income when the loans are settled.

2.u. Keuntungan/(kerugian)    perubahan     nilai            2.u. Gain/(loss) from changes in fair value of
     wajar aset keuangan                                          financial assets
     Keuntungan/(kerugian) perubahan nilai wajar                  Gain/(loss) from changes in fair value of
     instrumen keuangan merupakan perubahan                       financial instruments represent changes in fair
     nilai wajar dari efek-efek dan instrumen                     value of securities and derivative instruments
     derivatif yang ditetapkan pada nilai wajar                   designated at fair value through profit or loss.
     melalui laba rugi.

2.v. Provisi                                                 2.v. Provisions
     Provisi diakui jika, sebagai akibat peristiwa                A provision is recognized if, as a result of a
     masa lalu, Bank memiliki kewajiban kini, baik                past event, the Bank has a present legal or
     bersifat hukum maupun bersifat konstruktif,                  constructive obligation that can be estimated
     yang dapat diestimasi secara andal, dan                      reliably, and it is probable that an outflow of
     kemungkinan besar penyelesaian kewajiban                     economic benefits will be required to settle the
     tersebut mengakibatkan arus keluar sumber                    obligation.
     daya yang mengandung manfaat ekonomi.

2.w. Liabilitas imbalan pasca-kerja                          2.w. Post-employment benefits liability

       i.   Imbalan pasca-kerja                                     i.    Post-employment benefits
            Skema pensiun diklasifikasikan sebagai                        Pension schemes are classified as either
            program iuran pasti atau program imbalan                      defined contribution plans or defined
            pasti, tergantung pada substansi ekonomi                      benefit plans, depending on the economic
            dari syarat dan kondisi utama program                         substance of the plan as derived from its
            tersebut. Program iuran pasti adalah                          principal terms and conditions. A defined
            program pensiun yang mewajibkan Bank                          contribution plan is a pension plan under
            membayar sejumlah iuran tertentu kepada                       which the Bank pays fixed contributions
            entitas terpisah.                                             into a separate entity.


                                                        44
Page 401
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

        Bank tidak memiliki kewajiban hukum atau              The Bank has no legal or constructive
        konstruktif untuk membayar iuran lebih                obligations to pay further contributions if
        lanjut jika entitas tersebut tidak memiliki           the fund does not hold sufficient assets to
        aset yang cukup untuk membayar seluruh                pay all employees the benefits relating to
        imbalan atas jasa yang diberikan pekerja              employee service in the current and prior
        pada periode berjalan dan tahun-tahun                 periods. A defined benefit plan is a
        sebelumnya. Program imbalan pasti adalah              pension plan that is not a defined
        program pensiun yang bukan merupakan                  contribution plan. Typically, defined benefit
        program iuran pasti. Program imbalan pasti            plans define an amount of pension benefit
        adalah program pensiun yang menentukan                that an employee will receive upon
        jumlah imbalan pensiun yang akan diterima             retirement, usually dependent on one or
        seorang pekerja pada saat pensiun,                    more factors such as age, years of service
        biasanya berdasarkan pada satu atau lebih             and compensation.
        faktor seperti usia, masa kerja, dan
        kompensasi.
        Bank harus mencadangkan jumlah minimal                The Bank is required to provide a minimum
        imbalan pensiun sesuai dengan Undang-                 amount of pension benefit in accordance
        Undang No. 11/2020 tentang Cipta Kerja                with Law No. 11/2020 on Job Creation
        (“UUCK”)        sebagaimana          telah            (“JCL”) as amended by Perpu No.2/2022
        diamendemen dengan Perpu No.2/2022                    and Law No.6/2023 or the Bank’s
        dan UU No.6/2023 atau Perjanjian Kerja                Collective Labour Agreement (the “CLA”)
        Bersama     (“PKB”)    atau     Peraturan             or Company Regulation (“CR”), whichever
        Perusahaan (“PP”), mana yang lebih tinggi.            is higher. Since the JCL or the CLA or the
        Karena UUCK atau PKB atau PP                          CR sets the formula for determining the
        menentukan     rumus    tertentu    untuk             minimum amount of benefits, in substance
        menghitung jumlah minimal imbalan                     pension plans under the JCL or the CLA or
        pensiun, pada dasarnya, program pensiun               the CR represent defined benefit plans.
        berdasarkan UUCK atau PKB atau PP
        adalah program imbalan pasti.
        Sehubungan dengan program imbalan                     The liability recognized in the statement of
        pasti, liabilitas diakui pada laporan posisi          financial position in respect of defined
        keuangan setara dengan nilai kini                     benefit pension plans is equivalent to the
        kewajiban imbalan pasti pada akhir tahun              present value of the defined benefit
        pelaporan. Kewajiban imbalan pasti                    obligation at the end of the reporting year.
        dihitung setiap tahun oleh aktuaris                   The defined benefit obligation is calculated
        independen dengan menggunakan metode                  annually by independent actuaries using
        Projected Unit Credit.                                the Projected Unit Credit method.
        Nilai kini kewajiban imbalan pasti                    The present value of the defined benefit
        ditentukan dengan mendiskontokan arus                 obligation is determined by discounting the
        kas keluar yang diestimasi dengan                     estimated future cash outflows using the
        menggunakan tingkat bunga obligasi                    interest rates of high-quality corporate
        korporat     berkualitas     tinggi    dalam          bonds that are denominated in the
        denominasi mata uang dimana imbalan                   currency in which the benefits will be paid,
        akan dibayarkan dan memiliki jangka waktu             and that have terms of maturity
        jatuh tempo mendekati jangka waktu                    approximating the terms of the related
        kewajiban pensiun. Apabila tidak terdapat             pension obligations. When there is no
        pasar aktif untuk obligasi korporat tersebut,         deep market for such bonds, the market
        digunakan bunga obligasi pemerintah.                  rates of government bonds are used.
        Biaya jasa lalu diakui segera dalam laba              Past service costs are recognized
        rugi. Keuntungan dan kerugian atas                    immediately in profit or loss. Gains or
        kurtailmen atau penyelesaian suatu                    losses on the curtailment or settlement of a
        program imbalan pasti diakui pada saat                defined benefit plan are recognized when
        kurtailmen atau penyelesaian tersebut                 the curtailment or settlement occurs.
        terjadi.

                                                        45
Page 402
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

         Pengukuran kembali yang timbul dari                         Remeasurements arising from experience
         penyesuaian pengalaman dan perubahan                        adjustments and changes in actuarial
         asumsi-asumsi aktuarial dibebankan atau                     assumptions are charged or credited to
         dikreditkan pada ekuitas dalam laporan                      equity in the statement of other
         penghasilan komprehensif lain pada                          comprehensive income in the period in
         periode dimana beban tersebut terjadi.                      which they arise. The accumulated
         Akumulasi saldo pengukuran kembali                          remeasurements balance is reported in
         dilaporkan di saldo laba.                                   retained earnings.

2.x. Perpajakan                                             2.x. Taxation
     Beban pajak terdiri dari pajak kini dan                     The tax expense comprises current and
     tangguhan. Beban pajak diakui dalam laba rugi.              deferred tax. Tax expense is recognized in the
                                                                 profit or loss.

     Manajemen melakukan evaluasi secara                         Management periodically evaluates the
     periodik atas posisi yang diambil dalam surat               positions taken in tax returns with respect to
     pemberitahuan pajak apabila terdapat situasi di             situation in which applicable tax regulation is
     mana peraturan perpajakan yang berlaku                      subject to interpretation. The Bank establishes
     adalah subjek atas interpretasi. Bank                       provisions, where appropriate, on the basis of
     membentuk cadangan, jika dianggap perlu,                    amounts expected to be paid to the tax
     berdasarkan jumlah yang diestimasikan akan                  authorities.
     dibayarkan ke kantor pajak.

     Pajak penghasilan tangguhan disajikan dengan                Deferred income tax is determined using the
     menggunakan metode liabilitas untuk semua                   liability method, for all temporary differences
     perbedaan temporer yang muncul antara dasar                 arises between the tax bases of assets and
     pengenaan pajak atas aset dan liabilitas                    liabilities and their carrying values for financial
     dengan nilai tercatatnya dalam rangka                       reporting purposes at each reporting date.
     kebutuhan laporan keuangan pada setiap                      Currently enacted or substantially enacted tax
     tanggal pelaporan. Tarif pajak yang berlaku                 rates are used to determine deferred income
     digunakan     dalam     menentukan      pajak               tax.
     penghasilan tangguhan.

     Aset pajak tangguhan diakui apabila terdapat                Deferred tax assets are recognized to the
     kemungkinan besar bahwa jumlah laba pada                    extent that it is probable that future taxable
     masa mendatang akan memadai untuk                           profit will be available to compensate the
     mengkompensasi aset pajak tangguhan yang                    deferred tax assets that arise from temporary
     muncul akibat perbedaan temporer tersebut.                  differences.

     Perbedaan antara nilai tercatat dari aset                   The difference between the carrying amount of
     revaluasian dan dasar pengenaan pajak                       a revalued asset and its tax base is a
     merupakan perbedaan temporer sehingga                       temporary difference that gives rise to a
     menimbulkan liabilitas atau aset pajak                      deferred tax liability or asset, except for certain
     tangguhan, kecuali untuk aset tertentu seperti              asset such as land, which realization is taxed
     tanah yang pada saat realisasinya dikenakan                 with final tax on gross value of transaction.
     pajak final yang dikenakan atas nilai bruto
     transaksi.

     Koreksi terhadap liabilitas perpajakan diakui               Amendments to taxation obligations are
     saat surat ketetapan pajak diterima atau jika               recorded when an assessment is received or, if
     mengajukan keberatan, pada saat keputusan                   appealed against, when the results of the
     atas keberatan tersebut telah ditetapkan.                   appeal have been decided.




                                                       46
Page 403
PT BANK MEGA TBK                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                Unless Otherwise Stated)

2.y. Laba per saham                                            2.y. Earnings per share
     Laba per saham dasar dihitung dengan                           Earnings per share is computed by dividing
     membagi laba tahun berjalan dengan rata-rata                   income for the year with the weighted average
     tertimbang jumlah saham biasa yang                             number of outstanding common shares issued
     ditempatkan dan disetor penuh selama tahun                     and are fully paid-up during the year, after
     yang bersangkutan, setelah memperhitungkan                     considering effect of stock dividends and
     pembagian dividen saham dan saham bonus                        bonus shares distribution that applied
     yang diterapkan secara restrospektif.                          retrospectively.

2.z. Program loyalitas pelanggan                               2.z. Customer loyalty program
     Program loyalitas pelanggan digunakan Bank                     Customer loyalty program is used by the Bank
     untuk memberikan insentif kepada pelanggan                     to provide customers with incentives to buy
     untuk membeli barang atau jasa entitas-entitas                 goods or services of certain entities. If a
     tertentu. Jika pelanggan membeli barang atau                   customer buys goods or services of certain
     jasa entitas tertentu, maka Bank akan                          entities, the Bank grants the customer award
     memberikan       poin    penghargaan       kepada              credits (often described as “points”). The
     pelanggan (seringkali disebut sebagai “poin”).                 customer can redeem the award credits for
     Pelanggan dapat menukar poin penghargaan                       awards such as free or discounted goods or
     tersebut dengan barang atau jasa secara gratis                 services. This interpretation applies to
     atau dengan potongan harga. Interpretasi ini                   customer loyalty award credits that:
     berlaku untuk poin penghargaan loyalitas
     pelanggan yang:
     a. diberikan oleh Bank kepada pelanggannya                     a.    the Bank grants its customers as part of a
          sebagai bagian dari transaksi penjualan                         sales transaction, i.e. a sale of goods,
          yaitu penjualan barang, pemberian jasa,                         rendering of services or use by a customer
          atau penggunaan aset entitas-entitas                            of certain entities’ assets; and
          tertentu oleh pelanggan; dan
     b. bergantung pada pemenuhan terhadap                          b.    subject to fulfilment of any further
          setiap kondisi lebih lanjut yang disyaratkan,                   qualifying conditions, the customers can
          pelanggan dapat menukar barang atau                             redeem for free or discounted goods or
          jasa secara gratis atau dengan potongan                         services in the future.
          harga di masa depan.

2.aa. Sewa                                                     2.aa. Lease

     Bank sebagai lessor                                            Bank as lessor
     Dalam sewa menyewa operasi, Bank sebagai                       Under an operating lease, the Bank as a lessor
     lessor mengakui aset untuk sewa operasi di                     presents assets subject to operating leases in
     laporan posisi keuangan sesuai sifat aset                      its statements of financial position according to
     tersebut. Bank mencatat aset tersebut sebagai                  the nature of the asset. The Bank recorded
     aset sewa operasi yang disusutkan dengan                       those assets as assets under operating leases
     menggunakan metode garis lurus selama umur                     which is depreciated using straight-line method
     manfaat aset tersebut. Biaya langsung awal                     over the estimated useful lives of the assets.
     sehubungan proses negosiasi sewa operasi                       Initial direct costs incurred in negotiating an
     ditambahkan ke jumlah tercatat dari aset                       operating lease are added to the carrying
     sewaan dan diakui sebagai beban selama                         amount of the leased asset and recognized
     masa sewa dengan dasar yang sama dengan                        over the lease term on the same basis as
     pendapatan sewa. Rental kontinjen, apabila                     rental income. Contingent rents, if any, are
     ada, diakui sebagai pendapatan pada tahun-                     recognized as revenue in the years in which
     tahun terjadinya.                                              they are earned.

     Bank sebagai lessee                                            Bank as lessee
     Kebijakan akuntansi sehubungan dengan                          The accounting policy related to the adoption
     penerapan PSAK 73 dimana Bank adalah                           of PSAK 73 where Bank as the lessee has
     sebagai lessee diungkapkan pada Catatan 2n                     been disclosed in Note 2n to the financial
     atas laporan keuangan.                                         statements.


                                                          47
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PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

2.ab. Pernyataan     dan      interpretasi    standar         2.ab. New      and     revised     statements       and
      akuntansi baru dan revisi yang berlaku                        interpretation of financial accounting
      efektif pada tahun berjalan                                   standards effective in the current year
      Berikut amendemen dan penyesuaian atas                        The     following    are   amendments         and
      standar yang berlaku efektif untuk periode yang               improvements to standards which effective for
      dimulai pada atau setelah 1 Januari 2023,                     periods beginning on or after January 1, 2023,
      dengan penerapan dini diperkenankan yaitu:                    with early adoption is permitted, are as follows:
      • Amendemen PSAK 1: Penyajian Laporan                         •   Amendments to PSAK 1: Presentation of
          Keuangan       tentang      Pengungkapan                      Financial Statements regarding Disclosure
          Kebijakan Akuntansi;                                          of Accounting Policies;
      • Amendemen PSAK 1: Penyajian Laporan                         •   Amendments to PSAK 1: Presentation of
          Keuangan tentang Klasifikasi Liabilitas                       Financial       Statements         regarding
          sebagai Jangka Panjang atau Jangka                            Classification of Liabilities as Current or
          Pendek;                                                       Non-Current;
      • Amendemen PSAK 16: Aset Tetap                               •   Amendments to PSAK 16: Fixed Assets
          tentang Hasil Sebelum Penggunaan yang                         Related to Proceeds Before Intended Use;
          Diintensikan;
      • Amendemen          PSAK     25:    Kebijakan               •    Amendments to PSAK 25: Accounting
          Akuntansi, Perubahan Estimasi Akuntansi                       Policies, Changes in Accounting Estimates
          dan Kesalahan tentang Definisi Estimasi                       and Errors regarding Definition of
          Akuntansi;                                                    Accounting Estimates;
      • Amendemen           PSAK       46:     Pajak               •    Amendment to PSAK 46: Income Tax
          Penghasilan tentang Pajak Tangguhan                           regarding Asset-Related Deferred Tax and
          Terkait Aset dan Liabilitas Yang Timbul                       Liabilities  Arising   from    a    Single
          Dari Transaksi Tunggal; dan                                   Transaction; and
      • Revisi PSAK 107: Akuntansi Ijarah.                         •    Revised PSAK 107: Accounting for Ijara.

       Implementasi standar-standar tersebut tidak                  The implementation of the above standards
       memiliki dampak yang material terhadap                       had no material effect on the amounts reported
       jumlah yang dilaporkan di periode berjalan atau              for the current period or prior financial period.
       periode sebelumnya.


3.     Pertimbangan dan Estimasi Akuntansi yang               3.    Significant   Accounting     Judgments      and
       Signifikan                                                   Estimates

       Dalam proses penerapan kebijakan akuntansi                   In the process of applying the Bank’s
       Bank,    manajemen       telah    melakukan                  accounting     policies,  management    has
       pertimbangan profesional dan estimasi dalam                  exercised    professional   judgments   and
       menentukan jumlah yang diakui dalam laporan                  estimates in determining the amounts
       keuangan. Beberapa pertimbangan profesional                  recognized in the financial statements. The
       dan estimasi yang signifikan adalah sebagai                  several significant uses of the professional
       berikut:                                                     judgments and estimates are as follows:

3.a.   Sumber utama atas ketidakpastian estimasi              3.a. Key sources of estimation uncertainty

       Perhitungan cadangan kerugian penurunan                      Calculation of allowance for impairment losses
       nilai
       Saat mengukur KKE, Bank menggunakan                          When measuring ECL the Bank uses
       informasi masa depan yang wajar dan dapat                    reasonable and supportable forward-looking
       didukung, yang didasarkan pada asumsi untuk                  information, which is based on assumptions for
       pergerakan masa depan dari berbagai                          the future movement of different economic
       penggerak ekonomi dan bagaimana penggerak                    drivers and how these drivers will affect each
       ini akan saling mempengaruhi.                                other.




                                                         48
Page 405
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

     Loss given default adalah estimasi kerugian           Loss given default is an estimate of the loss
     yang timbul karena gagal bayar. Perhitungan           arising on default. It is based on the difference
     didasarkan pada perbedaan antara arus kas             between the contractual cash flows due and
     kontraktual terutang dan yang diharapkan akan         those that the lender would expect to receive,
     diterima, dengan mempertimbangkan arus kas            taking into account cash flows from collateral
     dari agunan dan peningkatan kredit integral.          and integral credit increase.

     Probability of default merupakan input utama          Probability of default constitutes a key input in
     dalam mengukur ECL. Probability of default            measuring ECL. Probability of default is an
     adalah perkiraan kemungkinan gagal bayar              estimate of the likelihood of default over a
     selama     jangka    waktu    tertentu, yang          given time horizon, the calculation of which
     penghitungannya mencakup data historis,               includes historical data, assumptions and
     asumsi, dan ekspektasi kondisi masa depan.            expectations of future conditions.

     Estimasi Masa Sewa                                    Estimation of Lease Term
     Dalam mengestimasi masa sewa dari masing-             When estimating the lease term of the
     masing      perjanjian   sewa,     manajemen          respective lease arrangement, management
     mempertimbangkan seluruh fakta dan keadaan            considers all facts and circumstances that
     yang memberikan insentif ekonomik untuk               create an economic incentive to exercise an
     mengeksekusi opsi perpanjangan, atau untuk            extension option, or not to exercise a
     tidak    mengeksekusi     opsi    penghentian,        termination option, including any expected
     termasuk perubahan fakta atau keadaan yang            changes in facts and circumstances from the
     diekspektasi dari tanggal permulaan hingga            commencement date until the exercise date of
     tanggal eksekusi opsi. Opsi perpanjangan (atau        the option. Extension options (or periods after
     periode setelah opsi penghentian) hanya               termination options) are only included in the
     diperhitungkan dalam masa sewa jika sewa              lease term if the lease is reasonably certain to
     cukup pasti akan diperpanjang (atau tidak             be extended (or not terminated).
     dihentikan).

     Cadangan Kerugian Penurunan Nilai atas Aset           Allowance for Impairment Losses on Financial
     Keuangan                                              Assets
     Evaluasi atas kerugian penurunan nilai aset           Financial assets accounted for at amortized
     keuangan yang dicatat pada biaya perolehan            cost are evaluated for impairment on the basis
     diamortisasi dijelaskan di Catatan 2m.                described in Note 2m.

     Kondisi spesifik counterparty yang mengalami          In the calculation of allowance for impairment
     penurunan nilai dalam pembentukan cadangan            losses of financial assets, the specific condition
     kerugian atas aset keuangan dievaluasi secara         of impaired counterparty is individually
     individu      berdasarkan   estimasi   terbaik        evaluated based on management's best
     manajemen atas nilai kini arus kas yang               estimate of the present value of the expected
     diharapkan akan diterima, baik dari waktu dan         cash flows to be received, including both timing
     jumlah. Dalam mengestimasi arus kas tersebut,         and amount. In estimating these cash flows,
     manajemen membuat pertimbangan tentang                management makes judgements about the
     situasi keuangan counterparty dan nilai               counterparty's financial situation and the net
     realisasi bersih dari setiap agunan, serta            realizable value of any underlying collateral,
     probabilitas rata-rata tertimbang kerugian            including weighted average probability of credit
     kredit. Setiap aset yang mengalami penurunan          losses. Each impaired asset is assessed on its
     nilai dinilai sesuai dengan manfaat yang ada,         merits, and the workout strategy and estimated
     dan strategi penyelesaian serta estimasi arus         cash flows considered recoverable.
     kas yang diperkirakan dapat diterima.

     Evaluasi cadangan kerugian penurunan nilai            Collectively-assessed       allowance      for
     secara kolektif meliputi kerugian kredit yang         impairment losses cover credit losses inherent
     melekat pada portofolio aset keuangan dengan          in portfolios of financial assets with similar
     karakteristik ekonomi yang sama, tetapi               economic characteristics but the individual
     penurunan nilai secara individu belum dapat           impaired items cannot yet be identified. In
     diidentifikasi. Dalam menentukan perlunya             assessing the need for collectively assessed

                                                      49
Page 406
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     membentuk cadangan kerugian penurunan nilai              allowance for impairment losses, management
     kredit     secara       kolektif,     manajemen          considers factors such as credit quality,
     mempertimbangkan         faktor-faktor    seperti        portfolio size, credit concentrations and
     kualitas kredit, besarnya portofolio, konsentrasi        economic factors. In order to estimate the
     kredit dan faktor-faktor ekonomi. Dalam                  required allowance, assumptions are made to
     mengestimasi cadangan yang diperlukan,                   define the way inherent losses are modeled
     asumsi-asumsi dibuat untuk menentukan                    and to determine the required input
     model kerugian bawaan dan untuk menentukan               parameters, based on historical experience,
     parameter input yang diperlukan, berdasarkan             current economic conditions, and forecast on
     pengalaman historis, kondisi ekonomi saat ini,           future economic condition.
     dan perkiraan kondisi ekonomi di masa depan.
     Ketepatan dari cadangan ini bergantung pada              The accuracy of the allowances depends on
     seberapa tepat estimasi arus kas masa depan              how well these estimates of future cash flows
     untuk menentukan cadangan individual serta               for specific counterparty allowances and the
     asumsi model dan parameter yang digunakan                model assumptions and parameters used in
     dalam menentukan cadangan kolektif.                      determining collective allowances.
     Penentuan Nilai wajar                                    Determining Fair Values
     Dalam menentukan nilai wajar atas aset                   In determining the fair value for financial assets
     keuangan dan liabilitas keuangan dimana tidak            and liabilities for which there is no observable
     terdapat harga pasar yang dapat diobservasi,             market price, Bank should use the valuation
     Bank harus menggunakan teknik penilaian                  techniques as described in Note 2e. For
     seperti dijelaskan pada Catatan 2e. Untuk                financial instruments that are infrequently trade
     instrumen       keuangan       yang      jarang          and have little price transparency, fair value is
     diperdagangkan dan tidak memiliki harga yang             less objective, and requires varying degrees of
     transparan, nilai wajarnya menjadi kurang                judgment depending on liquidity, concentration,
     obyektif dan karenanya, membutuhkan tingkat              uncertainly     of market       factors, pricing
     pertimbangan yang beragam, tergantung pada               assumptions and other risks affecting the
     likuiditas, konsentrasi, ketidakpastian faktor           specific instrument.
     pasar, asumsi penentuan harga, dan risiko
     lainnya     yang   mempengaruhi      instrumen
     tertentu.
     Aset Pajak Tangguhan                                     Deferred Tax Assets
     Aset pajak tangguhan diakui atas jumlah pajak            Deferred tax assets are recognized for the
     penghasilan terpulihkan (recoverable) pada               future recoverable taxable income arising from
     periode mendatang sebagai akibat perbedaan               temporary difference.
     temporer yang boleh dikurangkan.
     Justifikasi  manajemen      diperlukan  untuk            Management judgment is required to
     menentukan jumlah aset pajak tangguhan yang              determine the amount of deferred tax assets
     dapat diakui, sesuai dengan waktu yang tepat             that can be recognized, based upon the likely
     dan tingkat laba fiskal di masa mendatang                timing and level of future taxable profits
     sejalan dengan strategi rencana perpajakan ke            together with future strategic planning (Note
     depan (Catatan 2x).                                      2x).
     Penyusutan Aset Tetap                                    Depreciation of Fixed Assets
     Manajemen mengestimasi masa manfaat                      Management properly estimates the useful
     ekonomis aset tetap Bank antara 4 sampai                 lives of the Bank’s fixed assets to be within 4 to
     dengan 20 tahun. Ini merupakan masa manfaat              20 years. These are common life expectancies
     ekonomis yang secara umum diharapkan                     applied in the banking industries. Changes in
     dalam industri di mana perbankan. Perubahan              the expected level of usage and technological
     tingkat    pemakaian    dan    perkembangan              development could impact the economic useful
     teknologi dapat mempengaruhi masa manfaat                lives and the residual values of these assets,
     ekonomis dan nilai sisa aset, dan karenanya              and therefore future depreciation charges
     beban penyusutan masa depan mungkin                      could be revised. Further details are disclosed
     direvisi. Penjelasan lebih rinci diungkapkan             in Notes 2n and 13.
     dalam Catatan 2n dan 13.

                                                         50
Page 407
PT BANK MEGA TBK                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)

     Revaluasi Aset Tetap                                      The Revaluation of Fixed Assets
     Revaluasi aset tetap Bank bergantung pada                 The Bank’s fixed assets revaluation depends
     pemilihan asumsi yang digunakan oleh penilai              on its selection of certain assumptions used by
     independen dalam menghitung jumlah-jumlah                 the independent appraisal in calculating such
     tersebut. Asumsi tersebut termasuk antara lain:           amounts. Those assumptions             including
     tingkat diskonto, nilai tukar, tingkat inflasi dan        discount rate, exchange rate, inflation rate and
     tingkat kenaikan pendapatan dan biaya. Bank               revenue and cost increase rate. The Bank
     berkeyakinan bahwa asumsi tersebut adalah                 believes that its assumptions are reasonable
     wajar dan sesuai, perbedaan signifikan dalam              and appropriate and significant differences in
     asumsi     yang     ditetapkan     Bank      dapat        the Bank’s assumptions may materially affect
     mempengaruhi secara material nilai aset tetap             the valuation of its revalued fixed assets.
     yang direvaluasi. Penjelasan lebih rinci                  Further details are disclosed in Note 13.
     diungkapkan dalam Catatan 13.

     Imbalan Kerja                                             Employee Benefits
     Penentuan liabilitas imbalan kerja Bank                   The determination of the Bank’s employee
     bergantung pada pemilihan asumsi yang                     benefits liability is dependent on its selection of
     digunakan oleh aktuaris independen dan                    certain assumptions used by the independent
     manajemen Bank dalam menghitung jumlah-                   actuaries and the Bank’s management in
     jumlah tersebut. Asumsi tersebut termasuk                 calculating such amounts. Those assumptions
     antara lain, tingkat diskonto, tingkat kenaikan           include among others, discount rates, future
     gaji tahunan, tingkat pengunduran diri                    annual salary increase, annual employee turn-
     karyawan tahunan, tingkat kecacatan, umur                 over rate, disability rate, retirement age and
     pensiun dan tingkat kematian.                             mortality rate.

     Pajak Penghasilan                                         Income Tax
     Bank    mengakui   liabilitas atas pajak                  The Bank recognizes liabilities for corporate
     penghasilan badan berdasarkan estimasi                    income tax based on estimation of whether
     apakah akan terdapat tambahan pajak                       additional corporate income tax will be due.
     penghasilan badan.

     Cadangan atas Kasus Hukum                                 Provision on Legal Case
     Bank sedang menghadapi kasus hukum.                       The Bank is facing legal case. As of December
     Sampai dengan tanggal 31 Desember 2023,                   31, 2023, legal proceedings against a third
     proses hukum terhadap pihak ketiga yaitu PT               party, PT Elnusa Tbk, received the final
     Elnusa Tbk sudah mendapat putusan tetap dari              decision from the court. However, the outcome
     Pengadilan. Akan tetapi, hasil putusan tersebut           of the decision could not yet be executed as
     masih belum dapat dilaksanakan dikarenakan                there are still ongoing appeal and extra-judicial
     masih ada perkara perlawanan yang masih                   settlements (Note 40).
     berjalan dan upaya perdamaian yang sedang
     berlangsung (Catatan 40).

     Bank akan membukukan kerugian atas                        The Bank will recognize the loss on lawsuit
     tuntutan hukum tersebut pada saat hasil                   when the result of the final decision from those
     keputusan final atas status hukum tersebut                cases are awarded and the loss will be
     diperoleh dan akan dicatat pada laba rugi pada            recorded at the profit or loss in the period in
     periode dimana hasil keputusan atas upaya                 which such final legal decision is determined.
     perdamaian tersebut sudah final dan bisa
     dilaksanakan.




                                                          51
Page 408
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

3.b.   Pertimbangan akuntansi yang penting                     3.b. Critical accounting judgments in applying
       dalam menerapkan kebijakan akuntansi                         the Bank’s accounting policies
       Bank
       Pertimbangan akuntansi yang penting dalam                   Critical accounting judgments made in applying
       menerapkan    kebijakan  akuntansi   Bank                   the Bank’s accounting policies include:
       meliputi:

       Penilaian Instrumen Keuangan                                Valuation of Financial Instruments
       Bank menggunakan hierarki berikut untuk                     The Bank adopts the following hierarchy for
       menentukan dan mengungkapkan nilai wajar                    determining and disclosing the fair value of
       dari instrumen keuangan (Catatan 44):                       financial instruments (Note 44):
       - Level 1 : harga kuotasian (tanpa                          - Level 1 : quoted (unadjusted) market prices
          penyesuaian) di pasar aktif untuk aset atau                 in active market for identical assets or
          liabilitas yang identik.                                    liabilities.
       - Level 2 : input selain harga kuotasian yang               - Level 2 : inputs other than quoted prices
          termasuk dalam Level 1 yang dapat                           included within Level 1 that are observable
          diobservasi untuk aset dan liabilitas baik                  for the asset or liability either directly
          secara langsung (misalnya harga) atau                       (example, price) or indirectly;
          secara tidak langsung;
       - Level 3 : input untuk aset dan liabilitas yang            -   Level 3 : inputs for the asset and liability
          bukan berdasarkan data pasar yang dapat                      that are not based on observable market
          diobservasi (input yang tidak dapat                          data (unobservable inputs).
          diobservasi).

       Kebijakan akuntansi Bank untuk pengukuran                   The Bank’s accounting policy on fair value
       nilai wajar dibahas di Catatan 2.                           measurements is discussed in Note 2.

       Nilai wajar dari aset keuangan dan liabilitas               Fair values of financial assets and financial
       keuangan yang diperdagangkan di pasar aktif                 liabilities that are traded in active markets are
       didasarkan pada kuotasi harga pasar atau                    based on quoted market prices or dealer price
       kuotasi dari harga dealer. Untuk seluruh                    quotations. For all other financial instruments,
       instrumen keuangan lainnya, Bank menentukan                 the Bank determines fair values using
       nilai wajar dengan menggunakan teknik                       valuation techniques. Valuation techniques
       penilaian. Teknik penilaian termasuk model                  include net present value and discounted cash
       nilai   sekarang    dan    arus    kas    yang              flow models, and comparison to similar
       didiskontokan, dan perbandingan dengan                      instruments for which market observable prices
       instrumen yang sejenis dimana terdapat harga                exist. Assumptions and inputs used in
       pasar yang dapat diobservasi. Asumsi dan                    valuation techniques include risk-free and
       input yang digunakan dalam teknik penilaian                 benchmark interest rates, credit spreads and
       termasuk suku bunga bebas risiko (risk-free)                other variable used in estimating discount
       dan suku bunga acuan, credit spread dan                     rates, bond prices, foreign currency exchange
       variabel lainnya yang digunakan dalam                       rates, level of vulnerability and expected price
       mengestimasi tingkat diskonto, harga obligasi,              correlation.
       kurs mata uang asing, serta tingkat kerentanan
       dan korelasi harga yang diharapkan.

       Tujuan dari teknik penilaian adalah penentuan               The objective of valuation techniques is to
       nilai wajar yang mencerminkan harga dari                    arrive at a fair value determination that reflects
       instrumen keuangan pada tanggal pelaporan                   the price of the financial instrument at the
       yang akan ditentukan oleh para partisipan di                reporting date that would have been
       pasar dalam suatu transaksi yang wajar.                     determined by market participants acting at
                                                                   arm’s length.




                                                          52
Page 409
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

     Penilaian Model Bisnis                                      Business Model Assessment
     Klasifikasi dan pengukuran aset keuangan                    Classification and measurement of financial
     bergantung      pada      hasil    ‘semata      dari        assets depends on the results of the SPPI and
     pembayaran pokok dan bunga’ (”SPPI”) dan uji                the business model test (please see financial
     model bisnis (lihat bagian aset keuangan pada               assets sections of Note 3). The Bank
     Catatan 3). Bank menentukan model bisnis                    determines the business model at a level that
     pada tingkat yang mencerminkan bagaimana                    reflects how group of financial assets are
     kelompok aset keuangan dikelola bersama                     managed together to achieve a particular
     untuk mencapai tujuan bisnis tertentu.                      business objective. This assessment includes
     Penilaian ini mencakup penilaian yang                       judgement reflecting all relevant evidence
     mencerminkan semua bukti yang relevan                       including how the performance of the assets is
     termasuk bagaimana kinerja aset dievaluasi                  evaluated and their performance measured,
     dan      kinerjanya      diukur,    risiko    yang          the risks that affect the performance of the
     memengaruhi kinerja aset dan bagaimana hal                  assets and how these are managed and how
     ini dikelola dan bagaimana manajer aset diberi              the managers of the assets are compensated.
     kompensasi. Bank memantau aset keuangan                     The Bank monitors financial assets measured
     yang diukur pada biaya perolehan diamortisasi               at amortized cost or fair value through other
     atau     nilai   wajar     melalui     penghasilan          comprehensive income that are derecognized
     komprehensif        lain      yang       dihentikan         prior to their maturity to understand the reason
     pengakuannya sebelum jatuh tempo untuk                      for their disposal and whether the reasons are
     memahami alasan pelepasannya dan apakah                     consistent with the objective of the business for
     alasan tersebut konsisten dengan tujuan bisnis              which the asset was held. Monitoring is part of
     di mana aset tersebut dimiliki. Pemantauan                  the Bank’s continuous assessment of whether
     adalah bagian dari penilaian berkelanjutan                  the business model for which the remaining
     Bank atas apakah model bisnis di mana aset                  financial assets are held continues to be
     keuangan yang tersisa dimiliki tetap sesuai dan             appropriate and if it is not appropriate whether
     jika tidak sesuai apakah telah terjadi perubahan            there has been a change in business model
     dalam model bisnis dan dengan demikian                      and so a prospective change to the
     terdapat perubahan prospektif terhadap                      classification of those assets. No such
     klasifikasi aset keuangan tersebut. Tidak ada               changes were required during the periods
     perubahan yang diperlukan selama periode                    presented.
     yang disajikan.

     Peningkatan Risiko Kredit yang Signifikan                   Significant Increase in Credit Risk
     Sebagaimana dijelaskan dalam Catatan 3,                     As explained in Note 3, expected credit losses
     kerugian kredit ekspektasian diukur sebagai                 are measured as an allowance equal to 12-
     cadangan yang setara dengan KKE 12 bulan                    month ECL for stage 1 assets, or lifetime ECL
     untuk aset tahap 1, atau KKE sepanjang umur                 for stage 2 or stage 3 assets. An asset moves
     untuk aset tahap 2 atau tahap 3. Suatu aset                 to stage 2 when its credit risk has increased
     bergerak ke tahap 2 ketika risiko kreditnya                 significantly since initial recognition. PSAK 71
     telah meningkat secara signifikan sejak                     does not define what constitutes a significant
     pengakuan awal. PSAK 71 tidak menjelaskan                   increase in credit risk. In assessing whether
     apa yang merupakan peningkatan risiko kredit                the credit risk of an asset has significantly
     yang signifikan. Dalam menilai apakah risiko                increased the Bank takes into account
     kredit suatu aset telah meningkat secara                    qualitative and quantitative reasonable and
     signifikan, Bank mempertimbangkan informasi                 supportable forward-looking information.
     masa depan yang wajar dan dapat didukung
     secara kualitatif dan kuantitatif.

     Klasifikasi Aset dan Liabilitas Keuangan                    Financial Asset and Liability Classification
     Kebijakan     akuntansi      Bank   menetapkan              The Bank’s accounting policies determine the
     klasifikasi atas aset dan liabilitas tertentu               classifications of certain assets and liabilities
     sebagai aset dan liabilitas keuangan dengan                 as financial assets and liabilities by considering
     mempertimbangkan definisi yang ditetapkan                   the definition set forth in PSAK 71.
     PSAK 71.



                                                            53
Page 410
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

     Rincian klasifikasi aset dan liabilitas keuangan             Details of the Bank’s classification are
     Bank disajikan di Catatan 44 atas laporan                    presented in Note 44 of the financial
     keuangan.                                                    statements.

     Penurunan Nilai Aset Non-Keuangan                            Impairment of Non-Financial Assets
     Bank mengevaluasi penurunan nilai aset                       The Bank assesses impairment of assets
     apabila terdapat kejadian atau perubahan                     whenever events or changes in circumstances
     keadaan yang mengindikasikan bahwa nilai                     that would indicates that the carrying amount
     tercatat aset tidak dapat dipulihkan kembali.                of an asset may not be recoverable. The
     Faktor-faktor penting yang dapat menyebabkan                 factors that the Bank considers important
     penelaahan penurunan nilai adalah sebagai                    which could trigger an impairment review
     berikut:                                                     include the following:
     a. Performa yang tidak tercapai secara                       a. Significant underperformance relative to
         signifikan terhadap ekspektasi historis atau                  expected historical or projected future
         proyeksi hasil operasi di masa yang akan                      operating results;
         datang;
     b. Perubahan yang signifikan dalam cara                      b.    Significant changes in the manner of use
         penggunaan aset atau strategi bisnis                           of the acquired assets or the strategy for
         secara keseluruhan; dan                                        overall business; and
     c. Industri atau tren ekonomi yang secara                    c.    Significant negative industry or economic
         signifikan bernilai negatif.                                   trends.

     Bank mengakui kerugian penurunan nilai                       The Bank recognizes an impairment loss
     apabila nilai tercatat aset melebihi nilai yang              whenever the carrying amount of an asset
     dapat dipulihkan. Jumlah terpulihkan adalah                  exceeds its recoverable amount. The
     nilai yang lebih tinggi antara nilai wajar                   recoverable amount is the higher of an asset’s
     dikurang biaya untuk menjual dengan nilai                    (or cash-generating unit’s) fair value less costs
     pakai aset (atau unit penghasil kas). Jumlah                 to sell and its value in use. Recoverable
     terpulihkan diestimasi untuk aset individual                 amounts are estimated for individual assets or,
     atau, jika tidak memungkinkan, untuk unit                    if it is not possible, for the cash-generating unit
     penghasil kas yang mana aset tersebut                        to which the asset belongs.
     merupakan bagian daripada unit tersebut.


4.   Kas                                                     4.   Cash

                                              2023                     2022
     Rupiah                                       738,632                 689,592                               Rupiah
     Mata uang asing                                                                                  Foreign currencies
       Dolar Amerika Serikat                       65,002                 119,496               United States Dollar
       Euro Eropa                                  20,242                  35,545                      European Euro
       Dolar Singapura                             16,676                  39,939                    Singapore Dollar
       Poundsterling Inggris Raya                   1,788                   7,821         Great Britain Poundsterling
       Dolar Australia                              7,538                   4,949                    Australian Dollar
       Dolar Hong Kong                              1,193                   2,367                  Hong Kong Dollar
       Yen Jepang                                   4,151                   1,907                      Japanese Yen
     Total                                        855,222                 901,616                                  Total


     Kas dalam Rupiah termasuk jumlah kas pada                    Cash in Rupiah includes cash in Automatic
     Anjungan Tunai Mandiri (ATM) masing-masing                   Teller Machines (ATM) amounting to Rp72,601
     sejumlah Rp72.601 dan Rp90.327 pada                          and Rp90,327 as of December 31, 2023 and
     tanggal-tanggal 31 Desember 2023 dan 2022.                   2022, respectively.

     Informasi mengenai klasifikasi dan nilai wajar               Information with regards to the classification
     diungkapkan pada Catatan 44.                                 and fair value was disclosed in Note 44.


                                                        54
Page 411
PT BANK MEGA TBK                                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                            Unless Otherwise Stated)

5.   Giro pada Bank Indonesia                                             5.      Current Accounts with Bank Indonesia

     Giro pada Bank Indonesia terdiri dari:                                       Current accounts with Bank Indonesia consist
                                                                                  of the following:

                                                           31 Desember/December 31 ,
                                                2023                                              2022
                             Mata uang asing            Ekuivalen              Mata uang asing            Ekuivalen
                               (nilai penuh)/            Rupiah/                 (nilai penuh)/            Rupiah/
                             Foreign currency          Equivalent in           Foreign currency          Equivalent in
                               (full amount)             Rupiah                  (full amount)             Rupiah

     Rupiah                                                   6,360,523                                         8,055,275               Rupiah
     Dolar Amerika Serikat          30,000,000                  461,910               40,900,000                  636,711   United States Dollar
     Total                                                    6,822,433                                         8,691,986                 Total



     Bank dipersyaratkan untuk memiliki Giro Wajib                                The Bank is required to maintain minimum
     Minimum (GWM) dalam mata uang Rupiah                                         statutory reserves (GWM) in Rupiah for
     dalam kegiatannya sebagai bank umum dan                                      conventional banking activities and statutory
     GWM dalam mata uang asing dalam                                              reserves in foreign currencies for foreign
     kegiatannya melakukan transaksi mata uang                                    exchange transactions.
     asing.

     GWM primer adalah simpanan minimum yang                                      Primary minimum statutory reserve is a
     wajib dipenuhi oleh Bank dalam bentuk saldo                                  minimum reserve that should be maintained by
     rekening giro pada Bank Indonesia. Penyangga                                 the Bank in current accounts with Bank
     Likuiditas Makroprudensial (dahulu GWM                                       Indonesia. Macroprudential Liquidity Buffer
     sekunder) adalah cadangan minimum yang                                       (formerly secondary      minimum statutory
     wajib dipelihara oleh Bank berupa Sertifikat                                 reserve) whichis the minimum reserves that
     Bank Indonesia (SBI), Surat Utang Negara                                     should be maintained by the Bank, comprised
     (SUN), Surat Berharga Syariah Negara                                         of Certificates of Bank Indonesia (SBI),
     (SBSN), dan Sertifikat Rupiah Bank Indonesia                                 Government Debenture Debt (SUN), Sharia
     (SRBI).      GWM       Rasio      Intermediasi                               Government Securities (SBSN), and Bank
     Makroprudensial (RIM) (dahulu GWM LFR)                                       Indonesia Rupiah Securities (SRBI). The
     adalah tambahan simpanan minimum yang                                        minimum statutory reserve on Macroprudential
     wajib dipenuhi oleh Bank dalam bentuk saldo                                  Intermediation Ratio (RIM) (formerly minimum
     rekening giro pada Bank Indonesia, jika RIM                                  statutory reserve on LFR) is the additional
     Bank di bawah minimum RIM target Bank                                        reserve that should be maintained by the Bank
     Indonesia (84%) atau jika di atas maksimum                                   in the form of current accounts with Bank
     RIM target Bank Indonesia (94%) dan                                          Indonesia, if the Bank’s RIM is below the
     Kewajiban Penyediaan        Modal Minimum                                    minimum of RIM targeted by Bank Indonesia
     (KPMM) Bank lebih kecil dari KPMM Insentif                                   (84%) or if the Bank’s RIMis above the
     Bank Indonesia sebesar 14%.                                                  maximum of RIM targeted by Bank Indonesia
                                                                                  (94%) and the Capital Adequacy Ratio (CAR)
                                                                                  is below Bank Indonesia requirement of 14%.

     Pada tanggal 31 Desember 2023 dan 2022,                                      As of December 31, 2023 and 2022, the
     Giro Wajib Minimum (GWM) Bank telah sesuai                                   Bank's Statutory Reserves (GWM) have
     dengan Peraturan Bank Indonesia (PBI) No.                                    complied with Bank Indonesia Regulation (PBI)
     20/3/PBI/2018 tanggal 29 Maret 2018 tentang                                  No. 20/3/PBI/2018 dated March 29, 2018
     Giro Wajib Minimum Bank Umum Dalam                                           concerning Statutory Reserves for Commercial
     Rupiah dan Valuta Asing Bagi Bank Umum                                       Banks in Rupiah and Foreign Exchange for
     Konvensional sebagaimana telah diubah                                        Banks Conventional General as amended
     dengan PBI No.22/3/PBI/2020 tanggal 24                                       through PBI No.22/3/PBI/2020 dated March
     Maret 2020; PBI No.22/10/PBI/2020 tanggal 28                                 24, 2020; PBI No.22/10/PBI/2020 dated July
     Juli 2020; PBI No.23/16/PBI/2021 tanggal 21                                  28, 2020; PBI No.23/16/PBI/2021 dated
     Desember 2021; dan terakhir kali melalui PBI                                 December 21, 2021; and latest amendment
     No.24/4/PBI/2022 tanggal 01 Maret 2022 yang                                  through PBI No.24/4/PBI/2022 dated March
     dijelaskan melalui Peraturan Anggota Dewan                                   01, 2022 which explained by Regulation of the

                                                                   55
Page 412
PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

     Gubernur     (PADG)       No.20/10/PADG/2018           Members of the Board of Governors (PADG)
     tanggal 31 Mei 2018 tentang Giro Wajib                 No. 20/10/PADG/2018 dated May 31, 2018
     Minimum Bank Umum Konvensional, Bank                   concerning       Statutory     Reserves   for
     Umum Syariah dan Unit Usaha Syariah                    Conventional Commercial Banks, Sharia
     sebagaimana telah diubah beberapa kali                 Commercial Banks and Sharia Business Units
     dengan PADG No.21/14/PADG/2019 tanggal                 as       amended           through      PADG
     26 Juni 2019; PADG No.21/27/PADG/2019                  No.21/14/PADG/2019 dated June 26, 2019;
     tanggal    26    Desember        2019; PADG            PADG No.21/27/PADG/2019 dated December
     No.22/2/PADG/2020 tanggal 10 Maret 2020;               26, 2019; PADG No.22/2/PADG/2020 dated
     PADG No.22/10/PADG/2020 tanggal 29 April               March 10, 2020; PADG No.22/10/PADG/2020
     2020; PADG No.22/19/PADG/2020 tanggal                  dated      April      29,      2020;    PADG
     29 Juli 2020; PADG No.23/27/PADG/2021                  No.22/19/PADG/2020 dated July 29, 2020;
     tanggal    21    Desember        2021; PADG            PADG No.23/27/PADG/2021 dated December
     No.24/3/PADG/2022 tanggal 01 Maret 2022;               21, 2021; PADG No.24/3/PADG/2022 dated
     dan     terakhir     kali     melalui  PADG            March 01, 2022; PADG No.24/8/PADG/2022
     No.24/8/PADG/2022 tanggal 30 Juni 2022;                dated June 30, 2022; PADG No.2 year 2023
     PADG Nomor 2 tahun 2023 tanggal 1 April                dated April 1, 2023; and latest amendment
     2023; dan terakhir kali melalui PADG Nomor 12          through PADG No.12 year 2023 dated October
     tahun 2023 tanggal 1 Oktober 2023 yang                 1, 2023 which are as follows:
     masing-masing sebesar:

                                               2023         2022
     Rupiah                                                                                             Rupiah
       - GWM Primer                               9.00%       9.00%                       Primary Reserves -
       Harian                                     0.00%       0.00%                                    Daily
       Rata-rata                                  9.00%       9.00%                                 Average
       - PLM (d/h GWM Sekunder)                   5.00%       6.00%        PLM (Formerly Statutory Reserve) -
     Mata uang asing                                                                         Foreign currencies
       - GWM Primer                               4.00%       4.00%                       Primary Reserves -
       Harian                                     2.00%       2.00%                                    Daily
       Rata-rata                                  2.00%       2.00%                                 Average


     Pada tanggal 31 Desember 2023 dan 2022,                As of December 31, 2023 and 2022, the Bank
     Bank      juga     harus      memenuhi      PBI        must also comply with PBI No.20/4/PBI/2018
     No.20/4/PBI/2018 tanggal 29 Maret 2018                 dated    March     29,     2018     concerning
     tentang Rasio Intermediasi Makroprudensial             Macroprudential Intermediation Ratios and
     dan Penyangga Likuiditas Makroprudensial               Macroprudential     Liquidity    Buffers    for
     bagi Bank Umum Konvensional, Bank Umum                 Conventional Commercial Banks, Sharia
     Syariah, dan Unit Konvensional, Bank Umum              Commercial Banks, and Conventional Units,
     Syariah dan Unit Usaha Syariah sebagaimana             Sharia Commercial Banks and Sharia
     telah diubah dengan PBI No.21/12/PBI/2019              Business Units as amended through PBI
     tanggal      26    November       2019;     PBI        No.21/12/PBI/2019 dated November 26, 2019;
     No.22/17/PBI/2020 tanggal 01 Oktober 2020;             PBI No.22/17/PBI/2020 dated October 01,
     dan terakhir kali melalui PBI No.23/17/PBI/2021        2020; and latest amendment through PBI No.
     tanggal 22 Desember 2021 yang dijelaskan               23/17/PBI/2021 dated December 22, 2021
     melalui Peraturan Anggota Dewan Gubernur               which explained by the Regulation of Members
     No.21/22/PADG/2019 tanggal 28 November                 of     the      Board         of    Governors
     2019 yang telah diubah dengan PADG                     No.21/22/PADG/2019 dated November 28,
     No.22/30/PADG/2020 tanggal 05 Oktober                  2019 which has been amended through PADG
     2020; PADG No.23/7/PADG/2021 tanggal 28                No.22/30/PADG/2020 dated October 05, 2020;
     April 2021; PADG No.24/14/PADG/2022                    No.23/7/PADG/2021 dated April 28, 2021;
     tanggal 1 November 2022; PADG Nomor 10                 PADG No.24/14/PADG/2022 dated November
     tahun 2023 tanggal 14 September 2023; dan              1, 2022; PADG No.10 year 2023 dated
     terakhir kali diubah dengan PADG Nomor 18              September 14, 2023; and latest amendment
     tahun 2023 tanggal 1 Desember 2023.                    through PADG No.18 year 2023 dated
                                                            December 1, 2023.


                                                       56
Page 413
PT BANK MEGA TBK                                                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                        Unless Otherwise Stated)

     Bank juga mendapatkan insentif likuiditas                                               Banks also receive macroprudential liquidity
     makoprudensial         berdasarkan   PADG                                               incentives       based         on         PADG
     No.24/12/PADG/2022 tertanggal 20 Juli 2022                                              No.24/12/PADG/2022 dated July 20, 2022 as
     sebagaimana diubah dengan PADG No.11                                                    amended by PADG No.11 of 2023 dated
     tahun 2023 tanggal 27 September 2023                                                    September       27,       2023       concerning
     tentang Peraturan Pelaksanaan Kebijakan                                                 Implementation          Regulations           for
     Insentif Likuiditas Makroprudensial.                                                    Macroprudential Liquidity Incentive Policies.

     Rasio GWM Bank pada tanggal 31 Desember                                                 As of December 31, 2023 and 2022, the GWM
     2023 dan 2022 adalah sebagai berikut (tidak                                             ratios of the Bank are as follows (unaudited):
     diaudit):

                                                                      2023                   2022
     Rupiah                                                                                                                                        Rupiah
       - GWM Primer                                                      8.09%                   9.47%                               Primary Reserves -
         Harian                                                          0.00%                   0.00%                                           Daily
         Rata-rata *)                                                    6.88%                   7.85%                                       Average
       - RIM (d/h GWM LFR)                                               1.21%                   1.62%                     RIM (Formerly LFR Reserve) -
       - PLM (d/h GWM Sekunder)                                         39.94%                  33.92%              PLM (Formerly Secondary Reserves) -
     Mata uang asing                                                                                                                    Foreign currencies
       - GWM Primer                                                       4.05%                  4.03%                               Primary Reserves -
         Harian                                                           2.00%                  2.00%                                           Daily
         Rata-rata                                                        2.05%                  2.03%                                       Average

     *) Perhitungan GWM rata-rata 31 Desember 2023 dan                                        *) The calculation of the average of the Minimum Statutory
        2022 telah memperhitungkan insentif sektor prioritas dan                                 Reserve requirement for December 31, 2023 and 2022
        insentif RPIM yang diterima oleh Bank dengan total                                       has taken into account priority sector incentives and
        sebesar 2,20% dan 1,20%. Dengan demikian, Bank                                           RPIM incentives received by the Bank by total
        telah memenuhi ketentuan Bank Indonesia.                                                 amounted to 2.20% and 1.20%, respectively. Thus, the
                                                                                                 Bank has complied with Bank Indonesia regulations.

     Informasi mengenai jatuh tempo diungkapkan                                              Information in respect of maturities is disclosed
     pada Catatan 45e. Informasi mengenai                                                    in Note 45e. Information with regards to the
     klasifikasi dan nilai wajar diungkapkan pada                                            classification and fair value is disclosed in Note
     Catatan 44.                                                                             44.

6.   Giro pada Bank Lain                                                             6.      Current Accounts with Other Banks

a.   Berdasarkan pihak dan mata uang                                                 a.       By parties and currency
                                                                       31 Desember/December 31 ,
                                                            2023                                             2022
                                         Mata uang asing            Ekuivalen             Mata uang asing            Ekuivalen
                                           (nilai penuh)/            Rupiah/                (nilai penuh)/            Rupiah/
                                         Foreign currency          Equivalent in          Foreign currency          Equivalent in
                                           (full amount)             Rupiah                 (full amount)             Rupiah
     Pihak berelasi (Catatan 39)                                                                                                               Related parties (Note 39)
     Rupiah                                                                        104                                              101                          Rupiah
     Pihak ketiga                                                                                                                                            Third parties
     Rupiah                                                                  39,880                                           25,963                                Rupiah
     Mata uang asing                                                                                                                                      Foreign currency
       Dolar Amerika Serikat                    25,277,112                  389,192              32,478,915                  505,616               United States Dollar
       Dolar Singapura                           6,143,312                   71,731               7,017,305                   81,351                    Singapore Dollar
       Dolar Australia                           4,210,283                   44,296               2,971,101                   31,369                    Australian Dollar
       Euro Eropa                                2,198,005                   37,450               1,870,722                   31,020                     European Euro
       Yen Jepang                              219,793,581                   23,930              78,719,091                    9,274                      Japanese Yen
       Poundsterling Inggris                     1,141,992                   22,413               2,050,905                   38,528         Great Britain Poundsterling
       Yuan China                                5,249,073                   11,392               8,705,782                   19,491                      Chinese Yuan
       Dolar Hong Kong                           1,191,735                    2,349               2,129,835                    4,252                  Hong Kong Dollar
       Dolar Selandia Baru                         201,427                    1,967                 966,640                    9,523                New Zealand Dollar
       Franc Swiss                                  64,050                    1,172                 135,822                    2,285                        Swiss Franc
                                                                            645,772                                          758,672                   Total third parties
     Total                                                                  645,876                                          758,773                                Total
     Cadangan kerugian penurunan nilai                                       (1,203)                                          (1,153)     Allowance for impairment losses

     Neto                                                                   644,673                                          757,620                                  Net




                                                                             57
Page 414
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

b.   Berdasarkan Bank                                  b.   By Bank

                                         2023                 2022
     Rupiah                                                                                           Rupiah
     Pihak berelasi (Catatan 39)                                                    Related parties (Note 39)
     PT Bank Pembangunan Daerah                                                 PT Bank Pembangunan Daerah
       Sulawesi Utara dan Gorontalo               100                  100     Sulawesi Utara dan Gorontalo
     PT Bank Pembangunan Daerah                                                 PT Bank Pembangunan Daerah
       Sulawesi Tengah                              4                    1                 Sulawesi Tengah
                                                  104                  101
     Pihak ketiga                                                                                Third parties
     PT Bank Central Asia Tbk                   37,932               22,327          PT Bank Central Asia Tbk
     PT Standard Chartered                                                              PT Standard Chartered
       Bank Indonesia                              26                   26                  Bank Indonesia
     PT Bank Pembangunan                                                               PT Bank Pembangunan
       Daerah Papua                                11                 2,104                  Daerah Papua
     PT Bank Rakyat Indonesia                                                        PT Bank Rakyat Indonesia
       (Persero) Tbk                                11                   12                   (Persero) Tbk
     PT Bank Mandiri (Persero) Tbk                   7                    8      PT Bank Mandiri (Persero) Tbk
     Lainnya                                     1,893                1,486                             Others
                                                39,880               25,963
     Total - Rupiah                             39,984               26,064                      Total - Rupiah
     Mata uang asing                                                                        Foreign currencies
     Pihak ketiga                                                                                  Third Parties
     JP Morgan Chase, New York              134,965              251,169           JP Morgan Chase, New York
     Citibank NA, New York                  104,003               92,421                 Citibank NA, New York
     Citibank NA, Jakarta                    78,212               17,496                    Citibank NA, Jakarta
     ANZ Banking Bank Ltd,                                                              ANZ Banking Bank Ltd,
        Melbourne                               44,296               31,369                        Melbourne
     United Overseas Bank (UOB),                                                  United Overseas Bank (UOB),
        Singapura                               41,396               61,874                         Singapore
     ING Belgium                                37,450               31,020                         ING Belgium
     PT Bank Mandiri (Persero) Tbk              33,632               50,585      PT Bank Mandiri (Persero) Tbk
     Sumitomo Mitsui Banking                                                           Sumitomo Mitsui Banking
        Corporation, Tokyo                      23,930                9,274               Corporation, Tokyo
     Standard Chartered Bank, London            22,413               38,528   Standard Chartered Bank, London
     PT Bank Central Asia Tbk                   22,353               49,251           PT Bank Central Asia Tbk
     Standard Chartered Bank,                                                         Standard Chartered Bank,
        New York                                16,028               44,694                          New York
     Development Bank of Singapore                                             Development Bank of Singapore,
        (DBS), Singapura                        15,865                7,500                  (DBS) Singapore
     Standard Chartered Bank,                                                         Standard Chartered Bank,
        Singapura                               14,470               11,977                         Singapore
     Bank of China, Jakarta                      9,311                9,342              Bank of China, Jakarta
     Standard Chartered Bank,                                                        Standard Chartered Bank,
        Hong Kong                                2,349                4,252                        Hong Kong
     PT Bank ICBC Indonesia                      2,080               10,149            PT Bank ICBC Indonesia
     ANZ Banking Bank Ltd,                                                              ANZ Banking Bank Ltd,
        Selandia Baru                         1,967                9,523                         New Zealand
     Credit Suisse AG, Zurich                 1,172                2,285               Credit Suisse AG, Zurich
     Total - mata uang asing                605,892              732,709             Total - foreign currencies
     Total                                  645,876              758,773                                  Total
     Cadangan kerugian penurunan                                                     Allowances for impairment
       nilai                                 (1,203)              (1,153)                               losses
     Neto                                   644,673              757,620                                 Net




                                                  58
Page 415
PT BANK MEGA TBK                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)

     Giro pada bank lain dalam mata uang Rupiah                         Current accounts with other banks in Rupiah
     (kecuali giro Rupiah pada bank lain untuk                          (except for Rupiah current accounts with other
     wilayah Indonesia Bagian Timur), Dolar Hong                        banks in East Region of Indonesia), Hong
     Kong, Yen Jepang, Dolar Selandia Baru, Franc                       Kong Dollar, Japanese Yen, New Zealand
     Swiss, Poundsterling Inggris dan Euro Eropa                        Dollar,    Swiss      Franc,   Great    Britain
     tidak mendapatkan bunga. Tingkat suku bunga                        Poundsterling and European Euro are non-
     rata-rata setahun untuk giro pada bank lain                        interest bearing accounts. The average interest
     dalam Rupiah dan mata uang asing lainnya                           rates per annum for current accounts with
     adalah sebagai berikut:                                            other banks in Rupiah and other foreign
                                                                        currencies are as follows:

                                                 2023                             2022
     Rupiah                                             0.43%                            0.28%                                  Rupiah
     Mata uang asing                                                                                                 Foreign currencies
       Dolar Amerika Serikat                            0.02%                            0.01%                 United States Dollar
       Yuan Cina                                        0.72%                            0.75%                         Chinese Yuan
       Dolar Singapura                                  0,03%                            0.03%                      Singapore Dollar
       Poundsterling Inggris                            2.87%                            0.45%           Great Britain Poundsterling
       Euro Eropa                                       1.89%                            0.05%                        European Euro


     Berdasarkan hasil penelaahan dan evaluasi                          Based on Bank’s management’s review and
     manajemen Bank, seluruh giro pada bank lain                        evaluation, all current account with other banks
     digolongkan lancar.                                                are classified as current.

c.   Perubahan nilai bruto          dan       cadangan           c.     Movement of gross carrying amount and
     kerugian penurunan nilai                                           allowance for impairment losses

     Perubahan nilai bruto                                              Movement of gross carrying amount

                                                           2023
                                    Stage 1      Stage 2           Stage 3               Total

     Nilai tercatat bruto awal                                                                           Initial gross carrying amount
       1 Januari 2023                758,773               --                --          758,773                 as at January 1, 2023
     Aset keuangan baru                    --              --                --                --                    New financial assets
     Aset keuangan dihentikan                                                                             Financial assets derecognized
       pengakuannya atau dilunasi                                                                                              or repaid
       (kecuali hapus buku)                --              --                --             --                       (exclude write-off)
     Pengukuran kembali             (109,173)              --                --      (109,173)                           Remeasurement
     Penghapusbukuan                       --              --                --             --                                  Written off
     Total perubahan nilai bruto                                                                     Changes in gross carrying amount
       tahun berjalan               (109,173)              --                --      (109,173)                             for the year
     Dampak valuta asing               (3,724)             --                --         (3,724)                         Foreign exchange
     Nilai tercatat bruto akhir       645,876              --                --        645,876          Ending gross carrying amount


                                                            2022
                                    Stage 1      Stage 2           Stage 3               Total

     Nilai tercatat bruto awal                                                                           Initial gross carrying amount
       1 Januari 2022                 754,091              --                --           754,091                as at January 1, 2022
     Aset keuangan baru                     --             --                --                 --                   New financial assets
     Aset keuangan dihentikan                                                                             Financial assets derecognized
       pengakuannya atau dilunasi                                                                                              or repaid
       (kecuali hapus buku)                --              --                --                 --                   (exclude write-off)
     Pengukuran kembali              (57,269)              --                --           (57,269)                       Remeasurement
     Penghapusbukuan                       --              --                --                 --                              Written off
     Total perubahan nilai bruto                                                                     Changes in gross carrying amount
       tahun berjalan                (57,269)              --                --           (57,269)                         for the year
     Dampak valuta asing               61,951              --                --             61,951                      Foreign exchange
     Nilai tercatat bruto akhir      758,773               --                --           758,773       Ending gross carrying amount




                                                            59
Page 416
PT BANK MEGA TBK                                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                Unless Otherwise Stated)

     Perubahan cadangan kerugian penurunan nilai                                   Movement of allowance for impairment losses

                                                                        2023
                                           Stage 1            Stage 2          Stage 3        Total

     Saldo awal                                1,153                    --               --         1,153                              Beginning balance
     Aset keuangan baru                            --                   --               --             --                           New financial assets
     Aset keuangan dihentikan                                                                                              Financial assets derecognized
       pengakuannya atau dilunasi                                                                                                             or repaid
       (kecuali hapus buku)                         --                  --               --              --                          (exclude write-off)
     Pengukuran kembali                            60                   --               --             60                              Remeasurement
     Penghapusbukuan                                --                  --               --              --                                    Written off
     Total perubahan tahun berjalan                60                   --               --             60                        Changes for the year
     Dampak valuta asing                         (10)                   --               --           (10)                             Foreign exchange
     Saldo akhir                               1,203                    --               --         1,203                               Ending balance


                                                                        2022
                                           Stage 1            Stage 2          Stage 3        Total

     Saldo awal                                2,198                    --               --         2,198                              Beginning balance
     Aset keuangan baru                            --                   --               --             --                           New financial assets
     Aset keuangan dihentikan                                                                                              Financial assets derecognized
       pengakuannya atau dilunasi                                                                                                             or repaid
       (kecuali hapus buku)                         --                  --               --             --                           (exclude write-off)
     Pengukuran kembali                       (1,137)                   --               --       (1,137)                               Remeasurement
     Penghapusbukuan                                --                  --               --             --                                     Written off
     Total perubahan tahun berjalan           (1,137)                   --               --       (1,137)                         Changes for the year
     Dampak valuta asing                           92                   --               --            92                              Foreign exchange
     Saldo akhir                                1,153                   --               --         1,153                               Ending balance


     Manajemen     Bank    berpendapat      bahwa                                   The Bank’s management believed that
     cadangan kerugian penurunan nilai untuk tahun                                  allowance for impairment losses in 2023 and
     2023 dan 2022 telah memadai.                                                   2022 is adequate.

     Informasi mengenai jatuh tempo diungkapkan                                     Information in respect of maturities are
     pada Catatan 45e. Informasi mengenai                                           disclosed in Note 45e. Information with regards
     klasifikasi dan nilai wajar diungkapkan pada                                   to the classification and fair value are disclosed
     Catatan 44.                                                                    in Note 44.

     Pada tanggal 31 Desember 2023 dan 2022,                                        As of December 31, 2023 and 2022, there
     tidak terdapat giro pada bank lain yang                                        were no current accounts with other banks
     dijaminkan.                                                                    which were pledged.

7.   Penempatan pada Bank Indonesia dan Bank                                  7.    Placements with Bank Indonesia and Other
     Lain                                                                           Banks

     Penempatan pada Bank Indonesia dan bank                                        Placements with Bank Indonesia and other
     lain terdiri dari:                                                             banks as follows:

a.   Berdasarkan pihak, mata uang, dan jenis                                  a.    Based on counterparties, currency, and type
                                                              31 Desember/December 31 ,
                                                    2023                                          2022
                                 Mata uang asing            Ekuivalen          Mata uang asing            Ekuivalen
                                   (nilai penuh)/            Rupiah/             (nilai penuh)/            Rupiah/
                                 Foreign currency          Equivalent in       Foreign currency          Equivalent in
                                   (full amount)             Rupiah              (full amount)             Rupiah
     Pihak ketiga                                                                                                                             Third party
     Rupiah                                                                                                                                        Rupiah
     Penempatan pada                                                                                                                      Placements with
       Bank Indonesia                                                                                                                    Bank Indonesia
     Deposito berjangka                                                                                                                  Term Deposits of
       Bank Indonesia                                            2,349,657                                     5,198,757                 Bank Indonesia
     Fasilitas simpanan                                                                                                                 Deposit facilities of
       Bank Indonesia                                                    --                                    2,299,697                 Bank Indonesia
                                                                 2,349,657                                     7,498,454



                                                                        60
Page 417
PT BANK MEGA TBK                                                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                       Unless Otherwise Stated)

                                                                 31 Desember/December 31 ,
                                                       2023                                              2022
                                    Mata uang asing            Ekuivalen              Mata uang asing            Ekuivalen
                                      (nilai penuh)/            Rupiah/                 (nilai penuh)/            Rupiah/
                                    Foreign currency          Equivalent in           Foreign currency          Equivalent in
                                      (full amount)             Rupiah                  (full amount)             Rupiah
     Penempatan pada                                                                                                                              Placements with
       bank lain                                                                                                                                    other banks
     Interbank call money                                                                                                                  Interbank call money
       Citibank NA, Jakarta                                           906,343                                                 --           Citibank NA, Jakarta
       PT Bank OCBC NISP Tbk                                          100,000                                                 --       PT Bank OCBC NISP Tbk
                                                                    1,006,343                                                 --
                                                                    3,356,000                                         7,498,454
     Mata uang asing                                                                                                                            Foreign currency
     - Dolar AS                                                                                                                                        - US Dollar
     Penempatan pada                                                                                                                              Placements with
       Bank Indonesia                                                                                                                            Bank Indonesia
     Deposito berjangka                                                                                                                          Term Deposits of
       Bank Indonesia                                                           --          107,000,000               1,665,722                  Bank Indonesia
                                                                                --                                    1,665,722
     Total                                                          3,356,000                                         9,164,176                             Total
     Cadangan kerugian                                                                                                                              Allowance for
       penurunan nilai                                                 (3,373)                                                --              impairment losses
     Neto                                                           3,352,627                                         9,164,176                               Net


b.   Penempatan pada Bank Indonesia dan bank                                         b.    Placements with Bank Indonesia and other
     lain kepada pihak berelasi diungkapkan pada                                           banks with related parties are disclosed in
     Catatan 39. Informasi mengenai jatuh tempo                                            Note 39. Information in respect of maturities
     diungkapkan pada Catatan 45e. Informasi                                               are disclosed in Note 45e. Information with
     mengenai    klasifikasi  dan    nilai  wajar                                          regard to the classification and fair value are
     diungkapkan pada Catatan 44.                                                          disclosed in Note 44.
     Tingkat suku bunga rata-rata tertimbang                                               The weighted average of interest rate per
     setahun untuk penempatan adalah sebagai                                               annum for placements were as follows:
     berikut:
                                                                2023                            2022
     Rupiah                                                            5.38%                           2.95%                                          Rupiah
     Mata uang asing                                                                                                                        Foreign currency
       Dolar Amerika Serikat                                           4.93%                           1.59%                           United States Dollar

     Berdasarkan hasil penelaahan dan evaluasi                                             Based on the Bank’s management review and
     manajemen Bank, seluruh penempatan pada                                               evaluation, all placement with other banks
     bank lain digolongkan lancar.                                                         were classified as current.
     Manajemen     Bank    berpendapat      bahwa                                          The Bank’s management believed that
     cadangan kerugian penurunan nilai untuk tahun                                         allowance for impairment losses in 2023 is
     2023 telah memadai.                                                                   adequate.
c.   Perubahan nilai bruto                   dan         cadangan                     c.   Movement of gross carrying                                 amount
     kerugian penurunan nilai                                                              allowance for impairment losses
     Perubahan nilai bruto                                                                 Movement of gross carrying amount
                                                                           2023
                                              Stage 1            Stage 2              Stage 3          Total

     Nilai tercatat bruto awal                                                                                                  Initial gross carrying amount
       1 Januari 2023                          9,164,176                   --                   --     9,164,176                        as at January 1, 2023
     Aset keuangan baru                        1,006,343                   --                   --     1,006,343                            New financial assets
     Aset keuangan dihentikan                                                                                                    Financial assets derecognized
       pengakuannya atau dilunasi                                                                                                                     or repaid
       (kecuali hapus buku)                           --                   --                   --            --                            (exclude write-off)
     Pengukuran kembali                      (6,832,763)                   --                   --   (6,832,763)                                Remeasurement
     Penghapusbukuan                                  --                   --                   --            --                                       Written off
     Total perubahan nilai bruto                                                                                            Changes in gross carrying amount
       tahun berjalan                        (5,826,420)                   --                   --   (5,826,420)                                  for the year
     Dampak valuta asing                          18,244                   --                   --        18,244                               Foreign exchange
     Nilai tercatat bruto akhir                3,356,000                   --                   --     3,356,000               Ending gross carrying amount



                                                                           61
Page 418
PT BANK MEGA TBK                                                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                         Unless Otherwise Stated)

                                                                              2022
                                              Stage 1             Stage 2            Stage 3                   Total

     Nilai tercatat bruto awal                                                                                                           Initial gross carrying amount
       1 Januari 2022                          9,810,711                     --                  --       9,810,711                              as at January 1, 2022
     Aset keuangan baru                                --                    --                  --               --                                 New financial assets
     Aset keuangan dihentikan                                                                                                             Financial assets derecognized
       pengakuannya atau dilunasi                                                                                                                              or repaid
       (kecuali hapus buku)                            --                    --                  --               --                                 (exclude write-off)
     Pengukuran kembali                         (580,785)                    --                  --        (580,785)                                     Remeasurement
     Penghapusbukuan                                   --                    --                  --               --                                            Written off
     Total perubahan nilai bruto                                                                                                     Changes in gross carrying amount
       tahun berjalan                          (580,785)                     --                  --       (580,785)                                        for the year
     Dampak valuta asing                         (65,750)                    --                  --         (65,750)                                    Foreign exchange
     Nilai tercatat bruto akhir                9,164,176                     --                  --       9,164,176                     Ending gross carrying amount


     Perubahan cadangan kerugian penurunan nilai                                     Movement of allowance for impairment losses

                                                                              2023
                                              Stage 1             Stage 2            Stage 3                   Total

     Saldo awal                                         --                   --                                       --                                Beginning balance
     Aset keuangan baru                             3,373                    --                                   3,373                               New financial assets
     Aset keuangan dihentikan                                                                                                               Financial assets derecognized
       pengakuannya atau dilunasi                                                                                                                              or repaid
       (kecuali hapus buku)                             --                   --                                       --                              (exclude write-off)
     Pengukuran kembali                                 --                   --                                       --                                 Remeasurement
     Penghapusbukuan                                    --                   --                                       --                                        Written off
     Total perubahan tahun berjalan                 3,373                    --                  --               3,373                            Changes for the year
     Dampak valuta asing                                --                   --                  --                   --                                Foreign exchange
     Saldo akhir                                    3,373                    --                  --               3,373                                  Ending balance


     Pada tanggal 31 Desember 2023 dan 2022                                                   As of December 31, 2023 and 2022, there
     tidak terdapat penempatan pada Bank                                                      were no placements with Bank Indonesia and
     Indonesia dan bank lain yang dijaminkan.                                                 other banks which were pledged.

8.   Efek-Efek                                                                       8.       Securities

     Efek-efek terdiri dari:                                                                  Securities consist of:

a.   Berdasarkan jenis dan mata uang                                                a.        Based on type and currency
                                                                    31 Desember/December 31 ,
                                                        2023                                              2022
                                                                Nilai tercatat/                                    Nilai tercatat/
                                                                 Nilai wajar/                                       Nilai wajar
                                       Nilai Nominal/          Carrying value/           Nilai Nominal/           Carrying value/
                                       Nominal value             Fair Value              Nominal value              Fair Value
     Pihak berelasi                                                                                                                                            Related parties
     Nilai wajar melalui penghasilan                                                                                                                  Fair value through other
       komprehensif lain                                                                                                                             comprehensive income
       Rupiah                                                                                                                                                        Rupiah
       Obligasi korporasi                       200,000                   198,288                 200,000                    192,200                         Corporate bonds
     Pihak ketiga                                                                                                                                                  Third parties
     Nilai wajar melalui laba rugi                                                                                                             Fair value through profit or loss
       Rupiah                                                                                                                                                          Rupiah
       Obligasi Pemerintah                                                                                                                             Indonesian Government
         Indonesia                             2,000,278                2,071,612                1,480,762                 1,436,937                                 Bonds
       Obligasi Ritel Indonesia                    4,047                    3,973                    5,892                     5,736                   Indonesian Retail bonds
                                               2,004,325                2,075,585                1,486,654                 1,442,673
       Mata uang asing                                                                                                                                    Foreign currencies
       Obligasi Republik Indonesia               91,535                    81,127                     93,483                  77,344              Republic of Indonesia Bonds
                                                 91,535                    81,127                     93,483                  77,344
     Total - nilai wajar melalui                                                                                                                      Total - fair value through
       laba rugi                               2,095,860                2,156,712                1,580,137                 1,520,017                              profit or loss




                                                                              62
Page 419
PT BANK MEGA TBK                                                                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                  Unless Otherwise Stated)
                                                                           31 Desember/December 31 ,
                                                               2023                                                 2022
                                                                       Nilai tercatat/                                      Nilai tercatat/
                                                                        Nilai wajar/                                         Nilai wajar
                                              Nilai Nominal/          Carrying value/              Nilai Nominal/          Carrying value/
                                              Nominal value             Fair Value                 Nominal value             Fair Value

     Nilai wajar melalui penghasilan                                                                                                                       Fair value through other
       komprehensif lain                                                                                                                                 comprehensive income
       Rupiah                                                                                                                                                             Rupiah
       Obligasi Pemerintah Indonesia                28,983,355               29,886,356                  36,818,476               36,820,053       Indonesian Government Bonds
       Obligasi Ritel Indonesia                        300,000                  294,276                     300,000                  291,585              Indonesian Retail Bonds
       Obligasi korporasi                               18,700                   18,764                     220,700                  222,742                      Corporate bonds
       Sekuritas Rupiah Bank Indonesia               5,188,424                4,938,409                           --                       --   Bank Indonesian Rupiah Securities
                                                    34,490,479               35,137,805                  37,339,176               37,334,380
     Mata uang asing                                                                                                                                            Foreign currencies
      Obligasi Republik Indonesia                      146,272                  131,783                     147,891                  131,344          Republic of Indonesia bonds
                                                       146,272                  131,783                     147,891                  131,344
     Total - nilai wajar melalui                                                                                                                    Total - fair value through other
       penghasian komprehensif lain                 34,636,751               35,269,588                  37,487,067               37,465,724             comprehensive income
     Total efek-efek                                                         37,624,588                                           39,177,941                        Total securities
     Cadangan kerugian penurunan nilai                                                --                                               (915)        Allowance for impairment losses
     Neto                                                                    37,624,588                                           39,177,026                                    Net



b.   Berdasarkan peringkat                                                                    b.        Based on rating
     Rincian peringkat obligasi korporasi pada                                                          The ratings of corporate bonds as of
     tanggal 31 Desember 2023 dan 2022 adalah                                                           December 31, 2023 and 2022 are as follows:
     sebagai berikut:
                                                                           31 Desember/December 31 ,
                                                               2023                                                 2022
                                                Peringkat/               Jumlah/                     Peringkat/                Jumlah/
                                                 Rating                   Total                       Rating                    Total
     Nilai wajar melalui penghasilan                                                                                                                       Fair value through other
     komprehensif lain                                                                                                                                      comprehensive income
     Rupiah                                                                                                                                                                   Rupiah
     PT Bank Pembangunan Daerah                                                                                                                      PT Bank Pembangunan Daerah
       Sulawesi Utara dan Gorontalo               A(idn)                        198,288                A(idn)                        192,200        Sulawesi Utara dan Gorontalo
     PT Bank Pan Indonesia Tbk                    idA+                           13,538                idA+                           68,187            PT Bank Pan Indonesia Tbk
     PT Indah Kiat Pulp & Paper Tbk               idA+                            5,226                idA+                            5,321        PT Indah Kiat Pulp & Paper Tbk
     PT Bank Rakyat Indonesia                                                                                                                             PT Bank Rakyat Indonesia
       (Persero) Tbk                                                                     --            idAAA                         149,234                          (Persero) Tbk
     Total - nilai wajar melalui penghasian                                                                                                         Total - fair value through other
     komprehensif lain                                                          217,052                                              414,942                comprehensive income



     Lembaga pemeringkat untuk obligasi yang                                                            The rating agency for bonds issued by PT
     diterbitkan oleh PT Bank Pan Indonesia Tbk,                                                        Bank Pan Indonesia Tbk, PT Bank Rakyat
     PT Bank Rakyat Indonesia (Persero) Tbk, dan                                                        Indonesia (Persero) Tbk, and PT Indah Kiat
     PT Indah Kiat Pulp & Paper Tbk adalah PT                                                           Pulp & Paper Tbk was PT Pefindo.
     Pefindo.

     Lembaga pemeringkat untuk obligasi yang                                                            The rating agency for bonds issued by PT
     diterbitkan oleh PT Bank Pembangunan                                                               Bank Pembangunan Daerah Sulawesi Utara
     Daerah Sulawesi Utara dan Gorontalo adalah                                                         dan Gorontalo was PT Fitch Ratings
     PT Fitch Ratings Indonesia.                                                                        Indonesia.

c.   Tingkat suku bunga rata-rata tertimbang                                                  c.        The weighted average interest rates per
     setahun untuk obligasi korporasi adalah                                                            annum for corporate bonds are as follows:
     sebagai berikut:

                                                                         2023                               2022
     Rupiah                                                                      7.76%                                 7.59%                                             Rupiah




                                                                                    63
Page 420
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

d.   Pada tanggal 31 Desember 2023, Obligasi                  d.   As of December 31, 2023, Bank’s Government
     Pemerintah Bank dalam Rupiah yang                             Bonds in Rupiah classified as fair value
     diklasifikasikan sebagai nilai wajar melalui laba             through profit or loss and fair value through
     rugi dan nilai wajar melalui penghasilan                      other comprehensive income will mature on
     komprehensif lain akan jatuh tempo pada                       various dates between 2024 to 2051 with
     berbagai tanggal antara tahun 2024 sampai                     interest rates between 4.90% to 11.00% per
     dengan 2051 dengan tingkat suku bunga                         annum.
     berkisar antara 4,90% sampai dengan 11,00%
     per tahun.

     Pada tanggal 31 Desember 2022, Obligasi                       As of December 31, 2022, Bank’s Government
     Pemerintah Bank dalam Rupiah yang                             Bonds in Rupiah classified as fair value
     diklasifikasikan sebagai nilai wajar melalui laba             through profit or loss and fair value through
     rugi dan nilai wajar melalui penghasilan                      other comprehensive income will mature on
     komprehensif lain akan jatuh tempo pada                       various dates between 2022 to 2051 with
     berbagai tanggal antara tahun 2023 sampai                     interest rates between 4.95% to 11.00% per
     dengan 2051 dengan tingkat suku bunga                         annum.
     berkisar antara 4,95% sampai dengan 11,00%
     per tahun.

     Pembayaran bunga atas obligasi pemerintah                     The interest payment of the fixed rate
     dengan suku bunga tetap tersebut dilakukan                    government bonds is collectible every 6
     setiap 6 bulan, dimana Bank Indonesia                         months, with Bank Indonesia acting as the
     bertindak selaku agen pembayaran.                             payment agent.

e.   Pada tanggal 31 Desember 2023, Obligasi                  e.   As of December 31, 2023, Bank’s Government
     Pemerintah Bank dalam Dolar Amerika Serikat                   Bonds in United States Dollar classified as fair
     yang diklasifikasikan sebagai nilai wajar melalui             value through profit or loss and fair value
     laba rugi dan nilai wajar melalui penghasilan                 through other comprehensive income will
     komprehensif lain akan jatuh tempo pada                       mature on various dates between 2024 to
     berbagai tanggal antara tahun 2024 sampai                     2071 with interest rates ranging from 2.15% to
     dengan 2071 dengan tingkat suku bunga                         5.45% per annum.
     berkisar antara 2,15% sampai dengan 5,45%
     per tahun.

     Pada tanggal 31 Desember 2022, Obligasi                       As of December 31, 2022, Bank’s Government
     Pemerintah Bank dalam Dolar Amerika Serikat                   Bonds in United States Dollar classified as fair
     yang diklasifikasikan sebagai nilai wajar melalui             value through profit or loss and fair value
     laba rugi dan nilai wajar melalui penghasilan                 through other comprehensive income will
     komprehensif lain akan jatuh tempo pada                       mature on various dates between 2024 to 2071
     berbagai tanggal antara tahun 2024 sampai                     with interest rates ranging from 1.85% to
     dengan 2071 dengan tingkat suku bunga                         5.95% per annum.
     berkisar antara 1,85% sampai dengan 5,95%
     per tahun.

     Pembayaran bunga atas obligasi pemerintah                     The interest payment of the fixed rate
     dengan suku bunga tetap tersebut dilakukan                    government bonds is collectible every 6
     setiap 6 bulan, dimana Bank Indonesia                         months, with Bank Indonesia acting as the
     bertindak selaku agen pembayaran.                             payment agent.




                                                         64
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PT BANK MEGA TBK                                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                       Unless Otherwise Stated)

f.   Informasi mengenai jatuh tempo efek-efek                       f.    Information in respect of maturities for
     diungkapkan pada Catatan 45e. Informasi                              securities are disclosed in Note 45e.
     mengenai    klasifikasi dan  nilai wajar                             Information with regards to the classification
     diungkapkan pada Catatan 44.                                         and fair value are disclosed in Note 44.

g.   Perubahan keuntungan/(kerugian) yang belum                     g.    Unrealized gains/(loss) from changes in fair
     direalisasi atas efek-efek yang diklasifikasikan                     values through other comprehensive income
     sebagai nilai wajar melalui penghasilan                              securities are as follows:
     komprehensif lain adalah sebagai berikut:

                                                   2023                         2022

     Saldo awal                                      (354,703)                       (40,754)                       Beginning balance
     Perubahan nilai wajar                             611,851                      (387,591)                    Changes in fair value
     Cadangan kerugian penurunan                                                                            Allowance for impairment
      nilai (Catatan 8.i)                                    844                               --                    losses (Note 8.i)
     Pajak penghasilan                                                                                                       Income tax
      yang akan direklasifikasikan                                                                            which will reclassified
       ke laba rugi (Catatan 21.f)                   (116,251)                         73,642            to profit or loss (Note 21.f)
     Saldo akhir                                       141,741                      (354,703)                          Ending balance


h.   Berdasarkan hasil penelaahan dan evaluasi                      h.    Based on the Bank’s management review and
     manajemen Bank, seluruh efek-efek pada                               evaluation, all securities as of December 31,
     tanggal 31 Desember 2023 dan 2022                                    2023 and 2022 were classified as current.
     digolongkan lancar.

i.   Perubahan nilai bruto           dan       cadangan             i.    Movement of gross carrying amount and
     kerugian penurunan nilai                                             allowance for impairment losses

     Perubahan nilai bruto                                                Movement of gross carrying amount

                                                             2023
                                     Stage 1       Stage 2           Stage 3           Total

     Nilai tercatat bruto awal                                                                          Initial gross carrying amount
       1 Januari 2023                39,177,941              --                --    39,177,941                 as at January 1, 2023
     Aset keuangan baru                       --             --                --             --                    New financial assets
     Aset keuangan dihentikan                                                                            Financial assets derecognized
       pengakuannya atau dilunasi                                                                                             or repaid
       (kecuali hapus buku)            (149,234)             --                --     (149,234)                     (exclude write-off)
     Pengukuran kembali              (1,401,833)             --                --   (1,401,833)                         Remeasurement
     Penghapusbukuan                          --             --                --            --                                Written off
     Total perubahan nilai bruto                                                                    Changes in gross carrying amount
       tahun berjalan                (1,551,067)             --                --   (1,551,067)                           for the year
     Dampak valuta asing                 (2,286)             --                --       (2,286)                        Foreign exchange
     Nilai tercatat bruto akhir      37,624,588              --                --   37,624,588         Ending gross carrying amount


                                                             2022
                                     Stage 1       Stage 2           Stage 3           Total

     Nilai tercatat bruto awal                                                                          Initial gross carrying amount
       1 Januari 2022                25,688,236              --                --   25,688,236                  as at January 1, 2022
     Aset keuangan baru                   5,321              --                --        5,321                      New financial assets
     Aset keuangan dihentikan                                                                            Financial assets derecognized
       pengakuannya atau dilunasi                                                                                             or repaid
       (kecuali hapus buku)           (197,763)              --                --    (197,763)                      (exclude write-off)
     Pengukuran kembali              13,666,429              --                --   13,666,429                          Remeasurement
     Penghapusbukuan                          --             --                --            --                                Written off
     Total perubahan nilai bruto                                                                    Changes in gross carrying amount
       tahun berjalan                13,473,987              --                --   13,473,987                            for the year
     Dampak valuta asing                 15,718              --                --       15,718                         Foreign exchange
     Nilai tercatat bruto akhir      39,177,941              --                --   39,177,941         Ending gross carrying amount




                                                             65
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PT BANK MEGA TBK                                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                            Unless Otherwise Stated)

          Perubahan cadangan kerugian penurunan nilai                           Movement of allowance for impairment losses

                                                                    2023
                                            Stage 1      Stage 2           Stage 3        Total

          Saldo awal                              915              --                --       915                            Beginning balance
          Aset keuangan baru                        --             --                --         --                         New financial assets
          Aset keuangan dihentikan                                                                               Financial assets derecognized
            pengakuannya atau dilunasi                                                                                              or repaid
            (kecuali hapus buku)                    --             --                --         --                         (exclude write-off)
          Pengukuran kembali                      (71)             --                --       (71)                            Remeasurement
          Penghapusbukuan                           --             --                --         --                                   Written off
          Total perubahan tahun berjalan          (71)             --                --       (71)                      Changes for the year
          Dampak valuta asing                       --             --                --         --                           Foreign exchange
          Saldo akhir                             844              --                --       844                             Ending balance


     *)    Pada tanggal 31 Desember 2023, cadangan kerugian                *) As of December 31, 2023, allowance for impairment losses on
           penurunan nilai atas efek-efek dibentuk atas efek-efek             securities is established for securities measured at fair value
           yang diukur pada nilai wajar melalui penghasilan                   through other comprehensive income, so the amount is
           komprehensif lain, sehingga disajikan pada akun                    presented in other comprehensive income (Note 8.g).
           penghasilan komprehensif lain (Catatan 8.g).

                                                                    2022
                                            Stage 1      Stage 2           Stage 3        Total

          Saldo awal                              969               --               --           969                        Beginning balance
          Aset keuangan baru                        --              --               --             --                     New financial assets
          Aset keuangan dihentikan                                                                               Financial assets derecognized
            pengakuannya atau dilunasi                                                                                              or repaid
            (kecuali hapus buku)                    --              --               --         --                         (exclude write-off)
          Pengukuran kembali                      (54)              --               --       (54)                            Remeasurement
          Penghapusbukuan                           --              --               --         --                                   Written off
          Total perubahan tahun berjalan          (54)              --               --       (54)                      Changes for the year
          Dampak valuta asing                       --              --               --         --                           Foreign exchange
          Saldo akhir                             915               --               --       915                             Ending balance


          Manajemen     Bank    berpendapat      bahwa                          The Bank’s management believed that
          cadangan kerugian penurunan nilai untuk tahun                         allowance for impairment losses in 2023 and
          2023 dan 2022 telah memadai.                                          2022 is adequate.

j.        Pada tanggal 31 Desember 2023 dan 2022,                        j.     As of December 31, 2023 and 2022, there
          tidak terdapat efek-efek yang dijaminkan.                             were no securities which were pledged.




                                                                    66
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PT BANK MEGA TBK                                                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                     Unless Otherwise Stated)

9.   Efek-Efek yang Dibeli dengan Janji Dijual                                                     9.      Securities Purchased Under Agreement to
     Kembali                                                                                               Resell

     Pada 31 Desember 2023 dan 2022, efek-efek                                                             As of December 31, 2023 and 2022, securities
     yang dibeli dengan janji dijual kembali masing-                                                       purchased under agreement to resell
     masing sebesar Rp7.215.441 dan Rp3.254.705                                                            amounting to Rp7,215,441 and Rp3,254,705,
     dengan detail sebagai berikut:                                                                        respectively with detail as follows:
                                                                                     31 Desember/December 31, 2023
                                                                                                                                               Pendapatan
                                                                                                                                 Nilai          bunga yang
                                                                                                                              penjualan            belum
                                                                 Nilai nominal/           Tanggal               Tanggal        kembali/        diamortisasi/          Nilai tercatat/
                Nasabah/                   Jenis efek-efek/         Nominal               dimulai/           jatuh tempo/       Resale         Unamortized              Carrying
               Counterparty               Type of securities        amount              Starting date          Due date        amount             interest                value

     Pihak ketiga/ Third Parties
                                          Obligasi Pemerintah/                          13 Desember/           5 Januari/
     PT Bank Pan Indonesia Tbk
                                          Government bonds              1,300,000     December 13, 2023     January 5, 2024        1,225,378              (866)               1,224,512
                                          Obligasi Pemerintah/                          15 Desember/           3 Januari/
     PT Bank Pan Indonesia Tbk
                                          Government bonds              1,100,000     December 15, 2023     January 3, 2024        1,036,011              (365)               1,035,646
                                          Obligasi Pemerintah/                          19 Desember/           5 Januari/
     PT Bank Pan Indonesia Tbk
                                          Government bonds              1,500,000     December 19, 2023     January 5, 2024        1,414,051              (990)               1,413,061
                                          Obligasi Pemerintah/                          20 Desember/           3 Januari/
     PT Bank Victoria International Tbk
                                          Government bonds                500,000     December 20, 2023     January 3, 2024         501,452               (176)                 501,276
                                          Obligasi Pemerintah/                          22 Desember/          10 Januari/
     PT Bank Pan Indonesia Tbk
                                          Government bonds              1,210,000     December 22, 2023    January 10, 2024        1,143,876             (1,796)              1,142,080
                                          Obligasi Pemerintah/                          29 Desember/           5 Januari/
     Bank Indonesia
                                          Government bonds              2,000,000     December 29, 2023     January 5, 2024        1,900,131             (1,265)              1,898,866
     Total                                                              7,610,000                                                  7,220,899             (5,458)              7,215,441



                                                                                     31 Desember/December 31, 2022
                                                                                                                                               Pendapatan
                                                                                                                                 Nilai          bunga yang
                                                                                                                              penjualan            belum
                                                                 Nilai nominal/           Tanggal               Tanggal        kembali/        diamortisasi/          Nilai tercatat/
                Nasabah/                   Jenis efek-efek/         Nominal               dimulai/           jatuh tempo/       Resale         Unamortized              Carrying
               Counterparty               Type of securities        amount              Starting date          Due date        amount             interest                value

     Pihak ketiga/ Third Parties
                                          Obligasi Pemerintah/                          26 Desember/          2 Januari/
     Bank Indonesia
                                          Government bonds                500,000     December 26, 2022    January 2, 2023           481,677                   (73)             481,604
                                          Obligasi Pemerintah/                          29 Desember/          5 Januari/
     Bank Indonesia
                                          Government bonds                500,000     December 29, 2022    January 5, 2023           476,189               (291)                475,898
                                          Obligasi Pemerintah/                          30 Desember/          6 Januari/
     Bank Indonesia
                                          Government bonds               2,400,000    December 30, 2022    January 6, 2023         2,298,958             (1,755)              2,297,203
     Total                                                               3,400,000                                                 3,256,824             (2,119)              3,254,705



     Pada tanggal 31 Desember 2023 dan 2022,                                                               As of December 31, 2023 and 2022, the
     Manajemen Bank berpendapat bahwa tidak                                                                Bank's Management believes that there was
     terdapat penurunan nilai pada efek-efek yang                                                          no impairment in securities purchased under
     dibeli dengan janji dijual kembali, sehingga                                                          agreement to resell so allowance for
     cadangan kerugian penurunan nilai tidak                                                               impairment on losses was not established.
     dibentuk.

     Pada tanggal 31 Desember 2023 dan 2022,                                                               As of December 31, 2023 and 2022, all
     efek-efek yang dibeli dengan janji dijual                                                             securities securities purchased under the
     kembali digolongkan lancar.                                                                           agreement to resell are classified as current.

     Informasi mengenai jatuh tempo diungkapkan                                                            Information in respect of maturities are
     pada Catatan 45e. Informasi mengenai                                                                  disclosed in Note 45e. Information with regards
     klasifikasi dan nilai wajar diungkapkan pada                                                          to the classification and fair value are disclosed
     Catatan 44.                                                                                           in Note 44.

     Tingkat suku bunga rata-rata tertimbang                                                               The weighted average of interest rate per
     setahun untuk efek-efek yang dibeli dengan                                                            annum for securities purchased under
     janji dijual kembali untuk tahun yang berakhir                                                        agreement to resell for the years ended
     31 Desember 2023 dan 2022 masing-masing                                                               December 31, 2023 and 2022 were 6.18% and
     adalah 6,18% dan 5,50%.                                                                               5.50%, respectively.




                                                                                            67
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PT BANK MEGA TBK                                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)

10.   Tagihan dan Liabilitas Derivatif                          10. Derivatives Receivable and Payable

      Ikhtisar atas tagihan derivatif dan liabilitas                    The summary of derivative receivable and
      derivatif pada tanggal 31 Desember 2023 dan                       derivative payable as of December 31, 2023
      2022 adalah sebagai berikut:                                      and 2022 is as follows:

                                                  31 Desember/December 31, 2023
                                    Nilai nosional
                                 (kontrak) (ekuivalen           Nilai Wajar/Fair Value
                                     dengan Rp)/            Tagihan                Liabilitas
                                   Notional amount          derivatif/              derivatif/
                                      (contract)           Derivative              Derivative
      Transaksi                   (equivalent to Rp)       receivable               payable                                   Transactions

      Terkait nilai tukar                                                                                Related to exchange rate contracts
      Pihak ketiga                                                                                                              Third parties
      Swap                                                                                                                             Swap
        Dolar Amerika Serikat              3,453,054                 16,826                  11,406                   United States Dollar
        Mata uang asing lain                 260,031                  2,937                      40               Other foreign currencies
      Option - jual                                                                                                             Option - sell
        Dolar Amerika Serikat                535,816                       --                    6,321                United States Dollar
      Spot - beli                                                                                                                 Spot - buy
        Dolar Amerika Serikat                380,090                      55                      463                 United States Dollar
        Mata uang asing lain                  10,269                       4                        2             Other foreign currencies
      Spot - jual                                                                                                                 Spot - sell
        Dolar Amerika Serikat                303,830                    577                        48                 United States Dollar
        Mata uang asing lain                  16,495                     19                         7             Other foreign currencies
      Forward - beli                                                                                                          Forward - buy
        Dolar Amerika Serikat                 31,564                       --                     434                 United States Dollar
      Forward - jual                                                                                                           Forward - sell
        Dolar Amerika Serikat                 56,969                    556                    210                    United States Dollar
      Total                                                          20,974                 18,931                                     Total


                                                  31 Desember/December 31, 2022
                                    Nilai nosional
                                 (kontrak) (ekuivalen           Nilai Wajar/Fair Value
                                     dengan Rp)/            Tagihan                Liabilitas
                                   Notional amount          derivatif/              derivatif/
                                      (contract)           Derivative              Derivative
      Transaksi                   (equivalent to Rp)       receivable               payable                                   Transactions

      Terkait nilai tukar                                                                                Related to exchange rate contracts
      Pihak ketiga                                                                                                              Third parties
      Spot - beli                                                                                                                 Spot - buy
        Dolar Amerika Serikat                114,745                      11                     1,370                United States Dollar
        Mata uang asing lain                  17,726                      34                        41            Other foreign currencies
      Spot - jual                                                                                                                 Spot - sell
        Dolar Amerika Serikat                146,335                   1,590                        --                United States Dollar
        Mata uang asing lain                   7,586                       --                       7             Other foreign currencies
      Swap                                                                                                                             Swap
        Dolar Amerika Serikat              4,751,569                   7,304                 63,981                   United States Dollar
        Mata uang asing lain                 321,983                     523                      --              Other foreign currencies
      Forward - beli                                                                                                          Forward - buy
        Dolar Amerika Serikat                551,090                      16                     1,165                United States Dollar
      Forward - jual                                                                                                           Forward - sell
        Dolar Amerika Serikat                179,026                     527                      253                 United States Dollar
        Mata uang asing lain                   9,189                     114                        --            Other foreign currencies
      Option - jual                                                                                                             Option - sell
        Dolar Amerika Serikat                 42,032                      --                      1                   United States Dollar
      Total                                                          10,119                  66,818                                    Total



      Berdasarkan hasil penelaahan dan evaluasi                         Based on the Bank’s management review and
      manajemen Bank, seluruh tagihan derivatif                         evaluation, all derivatives receivables as of
      pada tanggal 31 Desember 2023 dan 2022                            December 31, 2023 and 2022 are classified as
      digolongkan lancar.                                               current.




                                                           68
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PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

      Informasi mengenai jatuh tempo diungkapkan                  Information in respect of maturities are
      pada Catatan 45e. Informasi mengenai                        disclosed in Note 45e. Information with regards
      klasifikasi dan nilai wajar diungkapkan pada                to the classification and fair value are disclosed
      Catatan 44.                                                 in Note 44.

      Manajemen    Bank   berpendapat  bahwa                      The Bank’s management believed that
      cadangan kerugian penurunan nilai pada                      allowance for impairment losses as of
      tanggal 31 Desember 2023 dan 2022 tidak                     December 31, 2023 and 2022 were not
      diperlukan.                                                 required.


11.   Kredit yang Diberikan                                    11. Loans

      Kredit yang diberikan terdiri dari:                         Loans consist of the following:

a.    Berdasarkan jenis kredit dan mata uang                 a.   Based on type of loans and currency

                                               2023                 2022
      Pihak berelasi (Catatan 39)                                                            Related parties (Note 39)
      Rupiah:                                                                                                  Rupiah:
      Modal kerja                                 655,156               174,677                        Working capital
      Investasi                                   560,521               532,179                            Investment
      Konsumsi                                     45,507                52,779                             Consumer
                                                1,261,184               759,635
      Mata uang asing:                                                                              Foreign currencies:
      Investasi                                       57,408            121,262                              Investment
      Total kredit yang diberikan               1,318,592               880,897             Total related parties loans
      Pihak ketiga                                                                                        Third parties
      Rupiah:                                                                                                  Rupiah:
      Investasi                                38,908,725            42,599,251                             Investment
      Konsumsi                                  9,092,019             8,457,084                              Consumer
      Modal kerja                               6,153,456             6,170,755                          Working capital
                                               54,154,200            57,227,090
      Mata uang asing:                                                                              Foreign currencies:
      Investasi                                 6,733,306             9,420,472                              Investment
      Modal kerja                               4,098,621             2,782,844                          Working capital
                                               10,831,927            12,203,316
      Total kredit pihak ketiga                64,986,127            69,430,406               Total third parties loans
      Total                                    66,304,719            70,311,303                                   Total
      Pendapatan bunga yang
       ditangguhkan                               (11,823)              (21,946)              Unearned interest income
      Total                                    66,292,896            70,289,357                                   Total
      Cadangan kerugian penurunan nilai          (604,816)             (572,030)        Allowance for impairment losses
      Total kredit yang diberikan - neto       65,688,080            69,717,327                        Total loans - net


      Rasio kredit bermasalah Bank adalah sebagai                 The Bank’s non performing loan ratios are as
      berikut:                                                    follows:

                                               2023                  2022
      Bruto                                           1.57%                 1.23%                                 Gross
      Bersih                                          1.18%                 0.91%                                   Net




                                                        69
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PT BANK MEGA TBK                                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                   Unless Otherwise Stated)

b.   Berdasarkan sektor ekonomi, mata uang, dan                                 b.     Based on economic sector, currency, and
     kolektibilitas                                                                    collectibility
                                                                31 Desember/December 31, 2023
                                               Dalam
                                             Perhatian
                                             Khusus/             Kurang
                             Lancar/          Special            lancar/             Diragukan/          Macet/             Jumlah/
                             Current         Mention           Substandard            Doubtful           Loss                Total

     Rupiah                                                                                                                                                     Rupiah
     Jasa usaha                 11,782,096          532,896                    --               2,397         194,799          12,512,188           Business services
     Konstruksi                  3,374,328          113,489                    --                   --        153,558           3,641,375                 Construction
     Pengangkutan,                                                                                                                                      Transportation,
       pergudangan dan                                                                                                                                    warehouse
       komunikasi                8,939,528        1,097,894             10,936               41,090           195,361          10,284,809      and communication
     Pertanian, perburuan                                                                                                                         Agriculture, hunting
       dan sarana                                                                                                                                    and agriculture
       pertanian                 6,526,301              455                    --                   --                 --       6,526,756               improvement
     Perindustrian               5,537,181          871,855                  217                    --            16,826        6,426,079                     Industrial
     Pertambangan                4,485,108                --                   --                   --            62,242        4,547,350                        Mining
     Perdagangan, restoran                                                                                                                         Trading, restaurant
     dan perhotelan              1,581,035           18,821              1,254               52,734            96,785           1,750,629                  and hotel
     Listrik, gas dan air          333,849                --                 --                   --                --            333,849   Electricity, gas and water
     Jasa sosial                   240,570            3,648                  --               6,530             1,548             252,296               Social services
     Lain-lain                   8,552,906          381,244             66,755              100,550            38,598           9,140,053                        Others
                                51,352,902        3,020,302             79,162              203,301           759,717          55,415,384

     Mata uang asing                                                                                                                            Foreign currencies
     Jasa usaha                  6,573,761                --                   --                   --                 --       6,573,761         Business services
     Pertambangan                3,010,021                --                   --                   --                 --       3,010,021                     Mining
     Perdagangan, restoran                                                                                                                       Trading, restaurant
       dan perhotelan            1,114,793                --                   --                   --                 --       1,114,793               and hotel
     Pengangkutan,                                                                                                                                   Transportation,
       pergudangan dan                                                                                                                                 warehouse
       komunikasi                    9,557                --                   --                   --                 --           9,557      and communication
     Perindustrian                 181,203                --                   --                   --                 --         181,203                  Industrial
                                10,889,335                --                   --                   --                 --      10,889,335

     Total                      62,242,237        3,020,302             79,162              203,301           759,717          66,304,719                         Total

     Dikurangi:                                                                                                                                                Less:
     Pendapatan bunga                                                                                                                              Unearned interest
       yang ditangguhkan                                                                                                         (11,823)                  income
     Cadangan kerugian                                                                                                                                 Allowance for
       penurunan nilai                                                                                                          (604,816)        impairment losses
     Neto                                                                                                                      65,688,080                        Net



                                                                31 Desember/December 31, 2022
                                              Dalam
                                             Perhatian
                                             Khusus/             Kurang
                             Lancar/          Special            lancar/             Diragukan/          Macet/             Jumlah/
                             Current         Mention           Substandard            Doubtful           Loss                Total
     Rupiah                                                                                                                                                     Rupiah
     Jasa usaha                 11,865,246          516,966             18,129                    --          195,890          12,596,231           Business services
     Konstruksi                  9,601,654           54,026                682               69,972            38,324           9,764,658                 Construction
     Pengangkutan,                                                                                                                                      Transportation,
       pergudangan dan                                                                                                                                    warehouse
       komunikasi                7,949,787          700,729             54,369               41,356           153,887           8,900,128      and communication
     Pertanian, perburuan                                                                                                                         Agriculture, hunting
       dan sarana                                                                                                                                    and agriculture
       pertanian                 6,098,819              819                  --                     --                31        6,099,669               improvement
     Perindustrian               4,232,636          893,111                  --                    50                255        5,126,052                     Industrial
     Pertambangan                4,373,223                --             1,331                       -            60,910        4,435,464                        Mining
     Perdagangan, restoran                                                                                                                         Trading, restaurant
     dan perhotelan              1,712,733          157,012                473                2,260            18,218           1,890,696                  and hotel
     Listrik, gas dan air          396,264               94                  --                   --                --            396,358   Electricity, gas and water
     Jasa sosial                   259,454            6,314                  --                   --            1,838             267,606               Social services
     Lain-lain                   7,906,044          403,162             61,176              105,068            34,413           8,509,863                        Others
                                54,395,860        2,732,233            136,160              218,706           503,766          57,986,725
     Mata uang asing                                                                                                                             Foreign currencies
     Jasa usaha                  8,505,145                --                   --                   --                 --       8,505,145          Business services
     Pertambangan                2,163,819                --                   --                   --                 --       2,163,819                      Mining
     Perdagangan, restoran                                                                                                                        Trading, restaurant
       dan perhotelan            1,111,000                --                   --                   --                 --       1,111,000                and hotel
     Pengangkutan,                                                                                                                                    Transportation,
       pergudangan dan                                                                                                                                  warehouse
       komunikasi                  355,097                --                   --                   --                 --         355,097       and communication
     Perindustrian                 189,517                --                   --                   --                 --         189,517                   Industrial
                                12,324,578                --                   --                   --                 --      12,324,578
     Total                      66,720,438        2,732,233            136,160              218,706           503,766          70,311,303                         Total
     Dikurangi:                                                                                                                                                Less:
     Pendapatan bunga                                                                                                                              Unearned interest
       yang ditangguhkan                                                                                                         (21,946)                  income
     Cadangan kerugian                                                                                                                                 Allowance for
       penurunan nilai                                                                                                          (572,030)        impairment losses
     Neto                                                                                                                      69,717,327                        Net




                                                                       70
Page 427
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

c.   Berdasarkan jangka waktu                                c.   Based on loan periods
     Berdasarkan jangka waktu perjanjian kredit                   By term loan based on loan agreement before
     sebelum dikurangi pendapatan bunga yang                      unearned interest income and allowance for
     ditangguhkan     dan   cadangan   kerugian                   impairment losses.
     penurunan nilai.

                                              2023                  2022
     Rupiah                                                                                                  Rupiah
     Kurang dari 1 tahun                       12,125,173            10,630,188                    Less than 1 year
     1 - 2 tahun                                2,455,140             2,216,535                          1 - 2 years
     >2 - 5 tahun                              17,720,645            18,765,541                         >2 - 5 years
     Lebih dari 5 tahun                        23,114,426            26,374,461                   More than 5 years
                                               55,415,384            57,986,725
     Mata uang asing                                                                              Foreign currencies
     Kurang dari 1 tahun                          266,320               256,629                    Less than 1 year
     1 - 2 tahun                                        --                    --                          1 - 2 years
     >2 - 5 tahun                               9,614,055            11,120,670                         >2 - 5 years
     Lebih dari 5 tahun                         1,008,960               947,279                   More than 5 years
                                               10,889,335            12,324,578
     Total                                     66,304,719            70,311,303                                Total


     Kredit yang diberikan ke pihak berelasi                      Loans to related parties are disclosed in Note
     diungkapkan pada Catatan 39. Informasi                       39. Information in respect of maturities are
     mengenai jatuh tempo diungkapkan pada                        disclosed in Note 45e. Information with regards
     Catatan 45e. Informasi mengenai klasifikasi                  to the classification and fair are disclosed in
     dan nilai wajar diungkapkan pada Catatan 44.                 Note 44.

     Berikut    ini    adalah     informasi   lainnya             Other information relating to loans were as
     sehubungan dengan kredit yang diberikan:                     follows:
     a. Kredit yang diberikan dalam mata uang                     a. Loans in foreign currencies were
         asing terdiri dari Dolar Amerika Serikat dan                  denominated in United States Dollar and
         Euro Eropa.                                                   Euro Europe.
     b. Kredit yang diberikan dijamin dengan                      b. Loans are secured with cash collaterals
         agunan tunai berupa giro (Catatan 16),                        consisting of current accounts (Note 16),
         deposito berjangka (Catatan 18), agunan                       time deposits (Note 18), collaterals bonded
         yang diikat dengan hak tanggungan atau                        by security right or powers of attorney to
         surat kuasa untuk menjual dan jaminan lain                    sell and by other guarantees generally
         yang umumnya diterima oleh perbankan.                         accepted by banks.

d.   Suku bunga rata-rata tertimbang setahun atas            d.   The weighted average interest rates per
     kredit yang diberikan adalah sebagai berikut:                annum for loans are as follows:

                                              2023                  2022
     Rupiah                                                                                                 Rupiah
     Investasi                                    11.34%                11.41%                           Investment
     Modal kerja                                  10.45%                10.87%                       Working capital
     Konsumsi                                     11.70%                11.62%                            Consumer
     Mata uang asing                                                                             Foreign currencies
     Investasi                                       9.81%                 7.97%                         Investment
     Modal kerja                                     8.73%                 9.07%                     Working capital




                                                        71
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PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

e.   Kredit konsumsi terdiri dari:                          e.   Consumer loans consist of:

                                             2023                  2022
     Rupiah                                                                                                  Rupiah
     Kartu kredit                              6,345,044             6,208,581                           Credit card
     Kredit kendaraan bermotor                 2,479,981             1,883,941                   Motor vehicle loans
     Kredit pemilikan rumah                      194,638               241,356                        Housing loans
     Kredit perorangan lainnya                   117,863               175,985                  Other personal loans
     Total                                     9,137,526             8,509,863                                 Total


f.   Rincian kredit yang diberikan pada pihak               f.   Details of loans to related parties (before
     berelasi   (sebelum  cadangan    kerugian                   allowance for impairment losses) are as
     penurunan nilai) adalah sebagai berikut                     follows (Note 39):
     (Catatan 39):

                                             2023                  2022
     Pinjaman perusahaan yang                                                                             Loans to
        merupakan pihak berelasi               1,247,150              806,891                 related companies
     Pinjaman                                                                              Loans to the Bank’s key
        manajemen kunci                             11,818                12,470          management personnel
     Pinjaman komisaris dan direksi                                                                Loans to related
        perusahaan yang merupakan                                                           companies’ directors
        pihak berelasi                            59,624               61,536                and commissioners
     Total                                     1,318,592              880,897                                 Total


     Pinjaman direksi dan karyawan Bank                          Loans to the Bank’s directors and employees
     merupakan kredit yang diberikan untuk                       represent loans granted for car loans, housing
     pembelian kendaraan dan rumah serta kartu                   loans and credit cards with terms ranging from
     kredit dengan jangka waktu yang berkisar                    1 (one) to 15 (fifteen) years with an average
     antara 1 (satu) sampai dengan 15 (lima belas)               loan interest of between 5.75%-10.00% and
     tahun dengan suku bunga setahun rata-rata                   0.00%-9.50% per annum in 2023 and 2022,
     berkisar antara 5,75%-10,00% dan 0,00%-                     respectively, which are collected through
     9,50% untuk tahun 2023 dan 2022, yang                       monthly payroll deductions. As of December
     dilunasi melalui pemotongan gaji setiap bulan.              31, 2023 and 2022, loans to the Bank’s
     Pada tanggal 31 Desember 2023 dan 2022,                     director and employees are classified as
     pinjaman direksi dan karyawan bank tersebut                 current.
     digolongkan lancar.

g.   Rincian kredit yang direstrukturisasi (meliputi        g.   Summary of restructured loan (which consist of
     modifikasi persyaratan kredit dan perpanjangan              modification of credit terms and extension of
     jatuh tempo) pada 31 Desember 2023 dan                      maturity dates) as of December 31, 2023 and
     2022 adalah sebagai berikut:                                2022 were as follows:

                                             2023                  2022
     Kredit yang direstrukturisasi             3,401,313             5,177,609                     Restructuring loan
     Cadangan kerugian penurunan nilai         (222,673)             (263,640)       Allowance for impairment losses
     Total                                     3,178,640             4,913,969                                  Total


     Termasuk dalam saldo 31 Desember 2023 dan                   Included in the balance of December 31, 2023
     2022, kredit yang direstrukturisasi masing-                 and 2022, restructured loans amounting to
     masing sebesar Rp1.017.338 dan Rp3.844.195                  Rp1,017,338 and Rp3,844,195, respectively,
     merupakan kredit yang direstruktur terkait                  which are restructured loans related to the
     dampak dari pandemi Covid-19.                               impact of the Covid-19 pandemic.




                                                       72
Page 429
PT BANK MEGA TBK                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)

h.   Pada tanggal 31 Desember 2023 dan 2022,                       h.   As of December 31, 2023 and 2022, total loans
     jumlah kredit yang telah dihentikan pengakuan                      which interest income therein have ceased to
     pendapatan bunganya (kredit bermasalah)                            accrue (non-performing loans) amounted to
     masing-masing sebesar Rp1.042.180 dan                              Rp1,042,180 and Rp858,632, or representing
     Rp858.632 atau sebesar 1,57% dan 1,23% dari                        1.57% and 1.23% of total loans, respectively.
     jumlah kredit yang diberikan.

i.   Pinjaman sindikasi                                            i.   Syndicated loans
     Pinjaman sindikasi merupakan pinjaman yang                         Syndicated loans represent loans provided to
     diberikan    kepada    debitur  berdasarkan                        debtors based on syndication agreements with
     perjanjian pembiayaan bersama dengan bank -                        other banks.
     bank lain.

     Keikutsertaan bank dalam pinjaman sindikasi                        Bank’s participation in syndicated loans with
     dengan bank-bank lain adalah sebesar                               other banks amounted to Rp4,022,880 and
     Rp4.022.880 dan Rp4.539.994 masing-masing                          Rp4,539,994 as of December 31, 2023 and
     pada tanggal 31 Desember 2023 dan 2022.                            2022, respectively.

     Keikutsertaan bank dalam pinjaman sindikasi,                       Bank’s participation in syndicated loans, in
     dimana bank bertindak sebagai anggota                              which bank acts as the syndication member, is
     sindikasi adalah sebagai berikut:                                  as follows:

                                                   2023                     2022
     % Partisipasi                                 0.14%-13.6%           1.00%-25.00%                               % Participation


j.   Perincian pinjaman bermasalah dan cadangan                    j.   Details of non-performing loans and allowance
     kerugian penurunan nilai berdasarkan sektor                        for impairment losses based on economic
     ekonomi adalah sebagai berikut:                                    sector are as follows:

                                                      31 Desember/December 31,
                                            2023                                     2022
                                                     Cadangan                                 Cadangan
                                                      Kerugian                                 Kerugian
                                                     Penurunan                                Penurunan
                                                       Nilai/                                   Nilai/
                                                   Allowance for                            Allowance for
                                 Pokok/             Impairment           Pokok/              Impairment
                                Principal             Losses            Principal              Losses
     Pengangkutan,
       pergudangan                                                                                            Transportation, warehouse
       dan komunikasi                 247,387               77,459            249,612                58,773        and communication
     Jasa usaha                       197,196               56,489            214,019                56,430         Business services
     Konstruksi                       153,558               14,560            108,978                 7,062                  Construction
     Pertambangan                      62,242               22,936             62,241                15,352                        Mining
     Perdagangan, restoran                                                                                            Trading, restaurant
       dan perhotelan                 150,773               13,465               20,951               5,507                   and hotel
     Jasa sosial                        8,078                1,463                1,838                 856               Social services
     Perindustrian                     17,043                6,876                  305                 101                     Industrial
     Pertanian, perburuan                                                                                        Agriculture, hunting and
       dan sarana pertanian                 --                   --                31                    10   agriculture improvement
     Lain-lain                        205,903               70,278            200,657                74,236                        Others
     Total                          1,042,180              263,526            858,632               218,327                         Total




                                                             73
Page 430
PT BANK MEGA TBK                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                      Unless Otherwise Stated)

k.   Perubahan nilai bruto              dan    cadangan             k.      Movement of gross carrying amount and
     kerugian penurunan nilai                                               allowance for impairment losses

     Perubahan nilai bruto                                                  Movement of gross carrying amount

                                                                2023
                                         Stage 1      Stage 2            Stage 3        Total

     Nilai tercatat bruto awal                                                                       Initial gross carrying amount
       1 Januari 2023                   68,207,529     1,245,142          858,632     70,311,303             as at January 1, 2023
     Transfer ke kerugian kredit                                                                                Transfer to 12 month
       ekspektasian 12 bulan                                                                                 expected credit losses
       (stage 1)                         (758,031)       521,654          236,377               --                        (stage 1)
     Transfer ke kerugian kredit
       ekspektasian sepanjang umurnya                                                                  Transfer to lifetime expected
       - tidak mengalami penurunan                                                                     credit losses - unimpaired
       nilai (stage 2)                     534,620     (763,488)          228,868               --                        (stage 2)
     Transfer ke kerugian kredit                                                                       Transfer to lifetime expected
       ekspektasian yang mengalami                                                                                   credit losses -
       penurunan nilai (stage 3)         (199,382)     (227,882)          427,264               --              impaired (stage 3)
     Total saldo awal                                                                                      Total beginning balance
       setelah pengalihan               67,784,736       775,426         1,751,141    70,311,303                      after transfer
     Pengukuran kembali                                                                                          Remeasurement of
       nilai tercatat - neto            (3,403,852)      236,544         (238,826)    (3,406,134)          carrying amount - net
     Aset keuangan yang
       dihapus buku                              --            --        (470,135)     (470,135)                     Write-off assets
     Dampak valuta asing                 (130,315)             --                --    (130,315)        Effects of foreign exchange
     Saldo akhir                        64,250,569     1,011,970         1,042,180    66,304,719                    Ending balance


                                                                2022
                                         Stage 1      Stage 2            Stage 3        Total

     Nilai tercatat bruto awal                                                                       Initial gross carrying amount
       1 Januari 2022                   57,820,000     2,242,695           678,199    60,740,894             as at January 1, 2022
     Transfer ke kerugian kredit                                                                                Transfer to 12 month
       ekspektasian 12 bulan                                                                                 expected credit losses
       (stage 1)                         (962,765)       552,325           410,440              --                        (stage 1)
     Transfer ke kerugian kredit
       ekspektasian sepanjang umurnya                                                                  Transfer to lifetime expected
       - tidak mengalami penurunan                                                                     credit losses - unimpaired
       nilai (stage 2)                     237,841     (277,732)            39,891              --                        (stage 2)
     Transfer ke kerugian kredit                                                                       Transfer to lifetime expected
       ekspektasian yang mengalami                                                                                   credit losses -
       penurunan nilai (stage 3)         (408,653)      (38,796)           447,449              --              impaired (stage 3)
     Total saldo awal                                                                                      Total beginning balance
       setelah pengalihan               56,686,423     2,478,492         1,575,979    60,740,894                      after transfer
     Pengukuran kembali                                                                                          Remeasurement of
       nilai tercatat - neto             9,922,324    (1,233,350)        (302,136)     8,386,838           carrying amount - net
     Aset keuangan yang
       dihapus buku                                            --        (415,211)     (415,211)                     Write-off assets
     Dampak valuta asing                 1,598,782             --                --    1,598,782        Effects of foreign exchange
     Saldo akhir                        68,207,529     1,245,142           858,632    70,311,303                    Ending balance




                                                             74
Page 431
PT BANK MEGA TBK                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                      Unless Otherwise Stated)

     Perubahan cadangan kerugian penurunan nilai                            Movement of allowance for impairment losses

                                                                  2023
                                         Stage 1        Stage 2          Stage 3     Total

     Saldo awal tahun                     274,991         78,713          218,326     572,030                 Beginning balance
     Transfer ke:                                                                                                    Transfer to:
     Kerugian kredit ekspektasian                                                                     12 month expected credit
       12 bulan (stage 1)                (116,447)        40,661           75,786            --             losses (stage 1)
     Kerugian kredit ekspektasian
       sepanjang umurnya - tidak                                                                               Lifetime expected
       mengalami penurunan                                                                                       credit losses -
       nilai (stage 2)                       7,361       (57,464)          50,103            --            unimpaired (stage 2)
     Kerugian kredit ekspektasian
       sepanjang umurnya -                                                                                       Lifetime expected
       mengalami penurunan                                                                                         credit losses -
       nilai (stage 3)                    (75,689)       (49,882)         125,571            --               impaired (stage 3)
     Total saldo awal                                                                                      Total beginning balance
       setelah pengalihan                  90,216         12,028          469,786     572,030                       after transfer
     Penambahan cadangan                                                                                     Addition of allowance
       kerugian penurunan nilai - neto    193,307         45,901          (47,388)    191,820        for impairment losses - net
     Aset keuangan yang
       dihapus buku                                --             --     (470,135)   (470,135)         Write-off of financial assets
     Penerimaan kembali atas aset                                                                      Recoveries from previously
       keuangan yang dihapus buku               --             --         311,263     311,263      written off of financial assets
     Dampak valuta asing                    (162)              --               --      (162)         Effects of foreign exchange
     Saldo akhir                          283,361         57,929          263,526     604,816                       Ending balance


                                                                  2022
                                         Stage 1        Stage 2          Stage 3     Total

     Saldo awal tahun                     177,649        141,665          187,825     507,139                 Beginning balance
     Transfer ke:                                                                                                    Transfer to:
     Kerugian kredit ekspektasian                                                                     12 month expected credit
       12 bulan (stage 1)                (144,939)        50,799           94,140            --             losses (stage 1)
     Kerugian kredit ekspektasian
       sepanjang umurnya - tidak                                                                               Lifetime expected
       mengalami penurunan                                                                                       credit losses -
       nilai (stage 2)                        615        (13,461)          12,846            --            unimpaired (stage 2)
     Kerugian kredit ekspektasian
       sepanjang umurnya -                                                                                       Lifetime expected
       mengalami penurunan                                                                                         credit losses -
       nilai (stage 3)                    (94,104)       (12,631)         106,735            --               impaired (stage 3)
     Total saldo awal                                                                                      Total beginning balance
       setelah pengalihan                 (60,779)       166,372          401,546     507,139                       after transfer
     Penambahan cadangan                                                                                     Addition of allowance
       kerugian penurunan nilai           334,286        (87,659)         (97,870)    148,757        for impairment losses - net
     Aset keuangan yang
       dihapus buku                                --             --     (415,211)   (415,211)         Write-off of financial assets
     Penerimaan kembali atas aset                                                                      Recoveries from previously
       keuangan yang dihapus buku               --             --         329,861     329,861      written off of financial assets
     Dampak valuta asing                    1,484              --               --      1,484         Effects of foreign exchange
     Saldo akhir                          274,991         78,713          218,326     572,030                       Ending balance


     Manajemen Bank berpendapat bahwa jumlah                                The Bank’s management believes that the
     cadangan kerugian penurunan nilai atas kredit                          allowance for impairment losses on loans was
     yang diberikan telah memadai.                                          adequate.




                                                             75
Page 432
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

l.   Kredit yang disalurkan dengan sistem                   l.   Joint financing loans as of December 31, 2023
     pembiayaan bersama (joint financing) pada                   and 2022 amounted to Rp10,529,359 and
     tanggal 31 Desember 2023 dan 2022 masing-                   Rp9,360,185, respectively, which were made
     masing     sebesar      Rp10.529.359      dan               on a with recourse or without recourse basis.
     Rp9.360.185 yang dilakukan dengan dan tanpa
     tanggung renteng (with and without recourse).

     Jumlah kredit dengan pola pembiayaan                        The balances of the joint financing loans with
     bersama (joint financing) dengan pihak berelasi             related parties are as follows:
     adalah sebagai berikut:

                                             2023                  2022
     PT Mega Central Finance                   6,090,695             5,554,167               PT Mega Central Finance
     PT Mega Auto Finance                      2,605,954             2,513,103                 PT Mega Auto Finance
     PT Mega Finance                           1,723,033             1,173,175                     PT Mega Finance
     Total                                    10,419,682             9,240,445                                  Total


     Seluruh kredit dengan pola pembiayaan                       Joint financing facilities with the related parties
     bersama (joint financing) dengan pihak berelasi             are made on a without recourse basis.
     tersebut dilakukan secara tanpa tanggung
     renteng (without recourse).
     Pada tanggal 31 Desember 2023 dan 2022,                     As of December 31, 2023 and 2022 the
     jumlah pembiayaan bersama yang dilakukan                    balances of joint financing loans which were
     secara tanpa tanggung renteng (without                      made on a without recourse basis amounted to
     recourse) adalah masing-masing sebesar                      Rp10,419,682 and Rp9,240,445, respectively.
     Rp10.419.682 dan Rp9.240.445. Risiko kredit                 The Bank is exposed to credit risk based on
     yang ditanggung oleh Bank adalah sesuai                     the percentage of credit financing contributed
     dengan porsi kredit yang dibiayai oleh Bank                 by the Bank, which ranged from 90% to 99%
     yang berkisar antara 90% sampai dengan 99%                  as stipulated in the joint financing agreement.
     sebagaimana disebutkan dalam perjanjian.

m.   Ikhtisar perubahan kredit yang dihapusbukukan          m.   The changes in cumulative written-off loans
     adalah sebagai berikut:                                     are as follows:

                                             2023                  2022
     Saldo awal                                5,786,541             5,701,191                     Beginning balance
     Penghapusbukuan dalam                                                                            Write-off during
       tahun berjalan                           470,135                415,211                             the year
     Penerimaan kembali kredit yang                                                           Recoveries of previously
       telah dihapusbukukan                    (311,263)             (329,861)                      written-off loan
     Saldo akhir                               5,945,413             5,786,541                       Ending balance


n.   Pada tanggal 31 Desember 2023 dan 2022,                n.   As of December 31, 2023 and 2022, there
     tidak    terdapat     pelanggaran    maupun                 were no any breach nor violation of Legal
     pelampauan Batas Maksimum Pemberian                         Lending Limit (LLL) to related parties and third
     Kredit (BMPK) kepada pihak berelasi dan pihak               parties as required by The Financial Service
     ketiga sesuai dengan peraturan yang                         Authority regulations.
     ditetapkan Otoritas Jasa Keuangan.




                                                       76
Page 433
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

o.    Rasio kredit Usaha, Mikro, Kecil & Menengah           o.    Ratio of Micro, Small and Medium Enterprise
      (UMKM) terhadap kredit yang diberikan pada                  (SME) credits to loans as of December 31,
      tanggal 31 Desember 2023 dan 2022 adalah                    2023 and 2022 are 18.07% and 13.85%,
      masing-masing sebesar 18,07% dan 13,85%.                    respectively.


12.   Tagihan dan Utang Akseptasi                            12. Acceptance Receivable and Payable

a.    Tagihan akseptasi                                     a.    Acceptance receivable
      Rincian tagihan akseptasi berdasarkan pihak,                Details of acceptance receivable based on the
      mata uang dan pihak berelasi:                               counterparty, currency and related parties:

                                                2023                2022

      Mata uang asing                                                                           Foreign currencies
      Pihak ketiga                                                                                     Third parties
      Nasabah                                           --                 53,031                           Debtors
      Total                                             --                 53,031                             Total
      Cadangan kerugian                                                                     Allowance for impairment
      penurunan nilai                                   --                   (66)                             losses
      Neto                                              --                 52,965                               Net


      Rincian tagihan akseptasi berdasarkan sisa                  The details of acceptances receivable based
      umur jatuh tempo adalah sebagai berikut                     on the remaining period to maturity date are as
      (Catatan 45e):                                              follows (Note 45e):

                                                2023                2022

      Mata uang asing                                                                             Foreign currencies
      1 - 3 bulan                                       --                 37,129                       1 - 3 months
      >3 - 6 bulan                                      --                 15,902                     >3 - 6 months
      Total                                             --                 53,031                              Total


b.    Utang akseptasi                                       b.    Acceptance payable

                                                2023                2022

      Mata uang asing                                                                           Foreign currencies
      Pihak ketiga                                                                                     Third parties
         Bank                                           --                 53,031                           Bank
      Total                                             --                 53,031                             Total


      Berdasarkan hasil penelaahan dan evaluasi                   Based on the Bank’s management review and
      manajemen Bank, seluruh tagihan akseptasi                   evaluation, all acceptance receivable as of
      pada tanggal 31 Desember 2022 digolongkan                   December 31, 2022 were classified as current.
      lancar.

 c.   Perubahan nilai bruto dan cadangan                     c.   Movement of gross carrying amount and
      kerugian penurunan nilai atas tagihan                       allowance for impairment losses of
      akseptasi                                                   acceptance receivable

      Perubahan nilai bruto tagihan akseptasi                     Movement of gross       carrying    amount     of
                                                                  acceptance receivable




                                                       77
Page 434
PT BANK MEGA TBK                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                      Unless Otherwise Stated)

                                                             2023
                                      Stage 1      Stage 2          Stage 3        Total

     Nilai tercatat bruto awal                                                                       Initial gross carrying amount
       1 Januari 2023                   53,031               --               --     53,031                  as at January 1, 2023
     Aset keuangan baru                      --              --               --          --                     New financial assets
     Aset keuangan dihentikan                                                                         Financial assets derecognized
       pengakuannya atau dilunasi                                                                                          or repaid
       (kecuali hapus buku)            (52,450)              --               --    (52,450)                     (exclude write-off)
     Pengukuran kembali                      --              --               --          --                         Remeasurement
     Penghapusbukuan                         --              --               --          --                                Written off
     Total perubahan nilai bruto                                                                 Changes in gross carrying amount
       tahun berjalan                  (52,450)              --               --    (52,450)                           for the year
     Dampak valuta asing                  (581)              --               --       (581)                        Foreign exchange
     Nilai tercatat bruto akhir              --              --               --          --        Ending gross carrying amount


                                                             2022
                                      Stage 1      Stage 2          Stage 3        Total

     Nilai tercatat bruto awal                                                                       Initial gross carrying amount
       1 Januari 2022                  525,823               --               --    525,823                  as at January 1, 2022
     Aset keuangan baru                      --              --               --          --                     New financial assets
     Aset keuangan dihentikan                                                                         Financial assets derecognized
       pengakuannya atau dilunasi                                                                                          or repaid
       (kecuali hapus buku)           (492,093)              --               --   (492,093)                     (exclude write-off)
     Pengukuran kembali                      --              --               --          --                         Remeasurement
     Penghapusbukuan                         --              --               --          --                                Written off
     Total perubahan nilai bruto                                                                 Changes in gross carrying amount
       tahun berjalan                 (492,093)              --               --   (492,093)                           for the year
     Dampak valuta asing                 19,301              --               --      19,301                        Foreign exchange
     Nilai tercatat bruto akhir          53,031              --               --      53,031        Ending gross carrying amount


     Perubahan cadangan kerugian penurunan nilai                         Movement of allowance for impairment losses
     tagihan akseptasi                                                   on acceptance receivable

                                                             2023
                                      Stage 1      Stage 2          Stage 3        Total

     Saldo awal                              66              --               --           66                       Beginning balance
     Aset keuangan baru                       --             --               --            --                    New financial assets
     Aset keuangan dihentikan                                                                           Financial assets derecognized
       pengakuannya atau dilunasi                                                                                          or repaid
       (kecuali hapus buku)                (64)              --               --        (64)                      (exclude write-off)
     Pengukuran kembali                      --              --               --          --                         Remeasurement
     Penghapusbukuan                         --              --               --          --                                Written off
     Total perubahan tahun berjalan        (64)              --               --        (64)                   Changes for the year
     Dampak valuta asing                    (2)              --               --         (2)                        Foreign exchange
     Saldo akhir                             --              --               --          --                         Ending balance


                                                             2022
                                      Stage 1      Stage 2          Stage 3        Total

     Saldo awal                            431               --               --        431                         Beginning balance
     Aset keuangan baru                      --              --               --          --                      New financial assets
     Aset keuangan dihentikan                                                                           Financial assets derecognized
       pengakuannya atau dilunasi                                                                                          or repaid
       (kecuali hapus buku)               (372)              --               --       (372)                      (exclude write-off)
     Pengukuran kembali                       --             --               --           --                        Remeasurement
     Penghapusbukuan                          --             --               --           --                               Written off
     Total perubahan tahun berjalan       (372)              --               --       (372)                   Changes for the year
     Dampak valuta asing                      7              --               --           7                        Foreign exchange
     Saldo akhir                             66              --               --          66                         Ending balance


     Manajemen     Bank    berpendapat      bahwa                        The Bank’s management believed that
     cadangan kerugian penurunan nilai untuk tahun                       allowance for impairment losses in 2022 is
     2022 telah memadai.                                                 adequate.



                                                             78
Page 435
PT BANK MEGA TBK                                                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                     Unless Otherwise Stated)

      Informasi mengenai jatuh tempo diungkapkan                                                          Information in respect of maturities is disclosed
      pada Catatan 45e. Informasi mengenai                                                                in Note 45e. Information with regards to the
      klasifikasi dan nilai wajar diungkapkan pada                                                        classification and fair value is disclosed in Note
      Catatan 44.                                                                                         44.


13.   Aset Tetap dan Aset Hak-Guna                                                                13. Fixed Assets and Right-of-Use Assets
                                                                             31 Desember 2023/December 31, 2023
                                                                                                                             Revaluasi dan
                                        Saldo Awal/                                                                            eliminasi/            Saldo Akhir/
                                        Beginning          Penambahan/       Pengurangan/           Reklasifikasi/           Revaluations              Ending
                                         Balance             Addition         Deduction            Reclassification         and eliminations          Balance

      Kepemilikan langsung                                                                                                                                                            Direct ownership
      Biaya perolehan/nilai revaluasi                                                                                                                                            Cost/revaluation value
      Aset tetap                                                                                                                                                                           Fixed assets
      Tanah                                   3,814,990             9,003                   --                      --                         --          3,823,993                               Land
      Bangunan                                2,350,215               400                   --                      --                         --          2,350,615                           Buildings
      Peralatan kantor                          925,032            68,708             (14,551)                  5,574                          --            984,763                   Office equipment
      Perabot kantor                            425,242             4,080              (6,075)                      --                         --            423,247              Furniture and fixtures
      Kendaraan                                 146,525             2,477              (2,508)                      --                         --            146,494                            Vehicles
      Perbaikan gedung                          119,378             5,954                (936)                  1,455                          --            125,851             Building improvements
      Total                                   7,781,382            90,622             (24,070)                  7,029                          --          7,854,963                               Total
      Aset dalam penyelesaian                     5,505            19,522                    --                (7,029)                         --             17,998            Construction in progress
      Total biaya perolehan                   7,786,887           110,144             (24,070)                        --                       --          7,872,961                          Total cost
      Aset hak-guna                                                                                                                                                             Right-of-use of assets
      Bangunan                                  212,161            36,763                    --                       --                       --            248,924                         Buildings
      Total                                   7,999,048           146,907             (24,070)                        --                       --          8,121,885                               Total
      Kepemilikan langsung                                                                                                                                                            Direct ownership
      Akumulasi penyusutan                                                                                                                                                    Accumulated Depreciation
      Aset tetap                                                                                                                                                                           Fixed assets
      Bangunan                                   (3,933)         (175,812)                  --                        --                       --           (179,745)                          Buildings
      Peralatan kantor                         (822,414)          (75,324)             14,512                         --                       --           (883,226)                  Office equipment
      Perabot kantor                           (404,107)           (7,529)              5,998                         --                       --           (405,638)              Furniture and fixtures
      Kendaraan                                (132,349)           (4,096)              2,508                         --                       --           (133,937)                           Vehicles
      Perbaikan gedung                         (109,117)           (7,460)                812                         --                       --           (115,765)            Building improvements
      Total akumulasi penyusutan             (1,471,920)         (270,221)             23,830                         --                       --         (1,718,311)    Total accumulated depreciation
      Aset hak-guna                                                                                                                                                             Right-of-use of assets
      Bangunan                                (160,385)           (45,431)                   --                       --                       --           (205,816)                        Buildings
      Total                                  (1,632,305)         (315,652)             23,830                         --                       --         (1,924,127)                              Total
      Nilai Buku bersih                       6,366,743                                                                                                    6,197,758                    Net book value



                                                                             31 Desember 2022/December 31, 2022
                                                                                                                             Revaluasi dan
                                        Saldo Awal/                                                                            eliminasi/            Saldo Akhir/
                                        Beginning          Penambahan/        Pengurangan/          Reklasifikasi/           Revaluations              Ending
                                         Balance             Addition          Deduction           Reclassification         and eliminations          Balance

      Kepemilikan langsung                                                                                                                                                              Direct ownership
      Biaya perolehan/nilai revaluasi                                                                                                                                              Cost/revaluation value
      Aset tetap                                                                                                                                                                             Fixed assets
      Tanah                                   3,540,298             13,900                  --                       --                 260,792             3,814,990                                Land
      Bangunan                                2,299,179            185,154                  --                       --               (134,118)             2,350,215                            Buildings
      Peralatan kantor                          890,891             53,761            (35,032)                  15,412                        --              925,032                    Office equipment
      Perabot kantor                            424,846              5,914             (5,518)                       --                       --              425,242               Furniture and fixtures
      Kendaraan                                 140,895              5,630                  --                       --                       --              146,525                             Vehicles
      Perbaikan gedung                          113,103              4,978               (198)                   1,495                        --              119,378              Building improvements
      Total                                   7,409,212            269,337            (40,748)                  16,907                  126,674             7,781,382                                Total
      Aset dalam penyelesaian                     8,019             14,393                   --               (16,907)                          --              5,505            Construction in progress
      Total biaya perolehan                   7,417,231            283,730            (40,748)                         --              126,674              7,786,887                           Total cost
      Aset hak-guna                                                                                                                                                               Right-of-use of assets
      Bangunan                                  176,871             35,290                   --                        --                       --            212,161                          Buildings
      Total                                   7,594,102            319,020            (40,748)                         --              126,674              7,999,048                               Total
      Kepemilikan langsung                                                                                                                                                             Direct ownership
      Akumulasi penyusutan                                                                                                                                                     Accumulated Depreciation
      Bangunan                                 (404,826)         (139,151)                   --                        --              540,044                 (3,933)                          Buildings
      Peralatan kantor                         (787,119)          (70,301)              35,006                         --                    --              (822,414)                  Office equipment
      Perabot kantor                           (401,720)           (7,861)               5,474                         --                    --              (404,107)              Furniture and fixtures
      Kendaraan                                (128,174)           (4,175)                   --                        --                    --              (132,349)                           Vehicles
      Perbaikan gedung                         (103,600)           (5,708)                 191                         --                    --              (109,117)            Building improvements
      Total akumulasi penyusutan             (1,825,439)         (227,196)              40,671                         --              540,044             (1,471,920)    Total accumulated depreciation
      Aset hak-guna                                                                                                                                                               Right-of-use of assets
      Bangunan                                 (112,838)          (47,547)                   --                        --                       --           (160,385)                         Buildings
      Total                                  (1,938,277)         (274,743)              40,671                         --              540,044             (1,632,305)                              Total
      Nilai Buku bersih                       5,655,825                                                                                                     6,366,743                    Net book value




      Aset tetap                                                                                          Fixed assets
      Beban penyusutan aset tetap yang dibebankan                                                         The depreciation expense for the years ended
      pada tahun yang berakhir pada tanggal-tanggal                                                       December 31, 2023 and 2022 amounted to
      31 Desember 2023 dan 2022 masing-masing                                                             Rp270,221 and Rp227,196, respectively
      sebesar     Rp270.221     dan     Rp227.196                                                         (Note 32).
      (Catatan 32).



                                                                                      79
Page 436
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     Pada tanggal 31 Desember 2023, hak atas                  As of December 31, 2023, land titles are in the
     tanah yang dimiliki oleh Bank merupakan Hak              form of “Hak Guna Bangunan” (HGB) and “Hak
     Guna Bangunan (HGB) dan Hak Milik atas                   Milik Atas Satuan Rumah Susun” (HMASRS -
     Satuan Rumah Susun (HMASRS) dengan sisa                  Strata title) with remaining terms for the related
     umur hak atas tanah tersebut berkisar antara 1           landrights ownership ranging from 1 to 30
     sampai dengan 30 tahun dan dapat                         years and renewable upon their expiry. As of
     diperpanjang. Pada tanggal 31 Desember                   December 31, 2023, land of 8,171 sqm are in
     2023, tanah dengan luas sebesar 8.171 m2                 the process of merging, certificates correction
     masih dalam pengurusan penggabungan dan                  and transfer of title into the Bank’s name by the
     pembetulan sertifikat serta balik nama menjadi           National Landrights Agency - the Republic of
     atas nama Bank di Badan Pertanahan Nasional              Indonesia (BPN-RI).
     Republik Indonesia (BPN-RI).
     Manajemen berpendapat bahwa kepemilikan                  Management believes the ownership of land
     hak     atas      tanah     tersebut      dapat          rights can be renewed/extended on maturity.
     diperbarui/diperpanjang pada saat jatuh tempo.
     Ruangan kantor yang disewakan kepada pihak               Office spaces that are rented out to related
     berelasi (Catatan 14a) disajikan sebagai bagian          parties (Note 14a) were presented as part of
     dari aset tetap karena nilai buku dari ruangan           fixed assets since the book value of rented
     yang disewakan tersebut tidak signifikan.                spaces were not significant.
     Aset tetap, kecuali aset dalam penyelesaian              Fixed assets, except for construction in
     dan tanah, diasuransikan terhadap risiko                 progress and land, were covered by insurance
     kebakaran dan risiko lainnya berdasarkan                 against fire and other risks under certain
     suatu paket polis tertentu dengan nilai                  blanket policies with insured amount of
     pertanggungan       masing-masing     sebesar            Rp2,451,945 and Rp2,466,432 as of
     Rp2.451.945 dan Rp2.446.432 pada tanggal 31              December 31, 2023 and 2022, respectively.
     Desember 2023 dan 2022. Manajemen Bank                   The Bank’s management believed that the
     berpendapat bahwa nilai pertanggungan                    insurance coverage was adequate to cover
     tersebut cukup untuk menutupi kemungkinan                possible losses on the assets insured.
     kerugian atas aset yang dipertanggungkan.
     Pada tanggal 31 Desember 2023 dan 2022,                  As of December 31, 2023 and 2022, the gross
     jumlah tercatat bruto dari setiap aset tetap yang        amount of fixed assets which have been fully
     telah disusutkan penuh dan masih digunakan               depreciated and are still being used amounted
     masing-masing adalah sebesar Rp1.298.197                 to Rp1,298,197 and Rp1,188,210, respectively.
     dan Rp1.188.210.
     Manajemen Bank berpendapat bahwa tidak                   The Bank’s management believes that there
     terdapat indikasi penurunan nilai atas aset              was no impairment indication on the above
     tetap di atas pada tanggal 31 Desember 2023              fixed assets as of December 31, 2023 and
     dan 2022.                                                2022.
     Pada tanggal 31 Desember 2015, Bank                      On December 31, 2015, the Bank changed its
     melakukan perubahan kebijakan akuntansi atas             accounting policy for land and buildings from
     tanah dan bangunan dari sebelumnya                       cost model to revalution model.
     menggunakan model biaya menjadi model
     revaluasi.
     Berdasarkan   keputusan      Ketua     Badan             Based on Decision of Chairman of Bapepam
     Pengawas Pasar Modal Dan Lembaga                         and LK No. KEP-347/BL/2012 dated June 25,
     Keuangan No. KEP-347/BL/2012 tanggal                     2012, about the presentation and disclosure in
     25 Juni 2012 tentang Penyajian dan                       financial report of issuer or a public company in
     Pengungkapan Laporan Keuangan Emiten atau                point 27.e, by considering the book value of
     Perusahaan Publik butir 27.e, dengan                     fixed assets (land and buildings) that have
     mempertimbangkan nilai buku aset tetap (tanah            been conducted revaluation in 2018, therefore
     dan bangunan) yang telah dilakukan revaluasi             on December 31, 2022, the Bank assigned
     pada tahun 2018, maka per tanggal                        registered independent appraisers to appraise


                                                         80
Page 437
PT BANK MEGA TBK                                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)

     31 Desember 2022 Bank telah menugaskan                                (revaluate) its fixed assets (land and buildings).
     perusahaan jasa penilai terdaftar untuk                               The Bank has revalued the value of its land
     melaksanakan penilaian (revaluasi) aset tetap                         and buildings not for tax purpose rather for the
     (tanah dan bangunan). Bank melakukan                                  compliance of the above mentioned Bapepam
     penilaian kembali atas tanah dan bangunan                             and LK regulation.
     tersebut bukan untuk tujuan perpajakan tetapi
     hanya untuk pemenuhan ketentuan Bapepam
     dan LK tersebut.
     Penilaian terakhir atas tanah dan bangunan                            The latest valuations of land and building are
     dilakukan oleh penilai independen eksternal                           performed by KJPP Ruky, Safrudin & Rekan
     KJPP Ruky, Safrudin & Rekan, dalam                                    as external independent valuer, on its report
     laporannya tertanggal 29 Desember 2022.                               dated December 29, 2022. The Bank’s
     Manajemen Bank berpendapat bahwa tidak                                management believes that there was no
     terdapat perubahan nilai wajar yang signifikan                        significant change in fair value of revalued of
     dari aset tetap yang direvaluasi pada tanggal                         fixed assets as of December 31, 2023.
     31 Desember 2023.
     Penilaian dilakukan berdasarkan Standar                               Valuations are performed based on Indonesian
     Penilaian Indonesia, ditentukan berdasarkan                           Valuation Standards, determined based on
     transaksi pasar terkini dan dilakukan dengan                          reference to recent market transactions done
     ketentuan-ketentuan yang lazim. Metode                                on arm’s length terms and appropriate
     penilaian yang dipakai adalah metode data                             requirements. The valuation methods used are
     pasar, metode biaya dan metode pendapatan.                            market value approach, cost approach and
                                                                           income approach.
     Informasi mengenai penilaian kembali aset                             Information on the revaluation of land and
     tetap pada tanggal 31 Desember 2022 untuk                             buildings as of December 31, 2022 performed
     kelompok aset tanah dan bangunan yang                                 by the Bank are as follows:
     dilakukan oleh Bank adalah sebagai berikut:
                                                     31 Desember 2022/December 31, 2022
                                            Nilai buku           Nilai buku
                                             sebelum               setelah
                                            revaluasi/            revaluasi/
                                         Carrying amount          Carrying              Surplus
                                              before           amount after           revaluasi/
                                           revaluation          revaluation      Revaluation Surplus
     Tanah                                       3,540,298            3,801,090              260,792                             Land
     Bangunan                                    1,759,150            2,165,076              405,926                         Buildings
     Total                                       5,299,448            5,966,166              666,718                             Total


     Penilaian kembali yang dilakukan atas tanah                           The revaluation of land resulted in an increase
     menghasilkan jumlah kenaikan nilai tercatat                           in the carrying amount of land amounting to
     sebesar Rp260.792 dan kenaikan nilai tercatat                         Rp260,792 and the revaluation of building is
     bangunan sebesar Rp405.926. Secara total                              recorded at Rp405,926. In total, the increase
     kenaikan nilai tercatat yang timbul dari                              in the carrying amount from revaluation of land
     revaluasi tanah dan bangunan dicatat sebagai                          and buildings is recognized in other
     penghasilan komprehensif lain adalah sebesar                          comprehensive       income     amounted      to
     Rp666.718.                                                            Rp666,718.

     Perubahan surplus revaluasi aset neto setelah                         The movements in the asset revaluation
     pajak adalah sebagai berikut:                                         surplus net of tax are as follows:
                                                       2023                2022
     Saldo awal                                          3,584,877           3,228,899                             Beginning balance
     Pemindahan surplus aset tetap                                                            Transfer of revaluation surplus of fixed
      ke saldo laba                                      (275,759)           (233,614)                 assets to retained earnings
     Surplus revaluasi aset tetap neto                           --            589,592        Revaluation surplus of fixed assets net
     Saldo akhir                                         3,309,118           3,584,877                              Ending balance


                                                                81
Page 438
PT BANK MEGA TBK                                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                         Unless Otherwise Stated)

     Untuk tahun yang berakhir pada tanggal                                  For the years ended December 31, 2023 and
     31 Desember 2023 dan 2022, Bank mencatat                                2022, respectively, the Bank recorded gains
     laba atas pelepasan aset tetap adalah sebagai                           from disposal of fixed assets are as follows
     berikut:

                                                         2023                 2022
     Hasil penjualan bersih                                       834                 394                           Net sales proceed
     Nilai buku                                                 (240)                 (77)                                  Book value
     Laba atas pelepasan aset tetap                               594                 317           Gains from disposal of fixed assets


     Laba yang timbul dari hasil penjualan aset                              Gains from disposal of fixed assets were
     tetap dicatat sebagai bagian dari akun                                  recognized as part of non-operating income -
     pendapatan non-operasional-neto pada laba                               net” in profit or loss.
     rugi.

     Aset tetap dalam penyelesaian terdiri dari:                             Constructions      in-progress      consist      of    the
                                                                             following:

                                        Persentase
                                       Penyelesaian
                                      (tidak diaudit)/                                Perkiraan Waktu
                                        Completion                                     Penyelesaian/
                                        Percentage              Nilai Tercatat/      Estimated Time of
          31 Desember 2023              (unaudited)             Carrying Value          Completion            December 31, 2023
     Peralatan kantor                          15%-80%                     16,177            2024-2025                 Office equipment
     Perbaikan gedung                              99%                      1,821            2024-2025           Building improvements
     Total                                                                 17,998                                                  Total


                                        Persentase
                                       Penyelesaian
                                      (tidak diaudit)/                                Perkiraan Waktu
                                        Completion                                     Penyelesaian/
                                        Percentage              Nilai Tercatat/      Estimated Time of
          31 Desember 2022              (unaudited)             Carrying Value          Completion            December 31, 2022
     Peralatan kantor                          15%-99%                      3,533             2023-2024                Office equipment
     Perbaikan gedung                          30%-99%                      1,972             2023-2024          Building improvements
     Total                                                                  5,505                                                  Total


     Persentase tingkat penyelesaian aset dalam                              The percentage of completion of the
     penyelesaian pada tanggal 31 Desember 2023                              constructions     in      progress       as     of
     berkisar antara 15% - 80% (2022: 15% - 99%)                             December 31, 2023 ranges from 15% - 80%
     dari nilai kontrak. Aset dalam penyelesaian                             (2022: 15% - 99%) of the contract values.
     terdiri dari bangunan dan peralatan kantor dan                          Constructions in progress consist of buildings
     diperkirakan akan selesai dalam waktu kurang                            and furniture and fixtures and are estimated to
     dari 1 sampai 2 tahun setelah tanggal laporan                           be completed in less than 1 year up to 2 years
     posisi keuangan.                                                        after the statement of financial position date.

     Manajemen tidak mengantisipasi akan ada                                 The management does not anticipate any
     kesulitan dalam penyelesaian pembangunan                                difficulties in the completion of the above
     pada waktu yang ditargetkan.                                            facilities at targeted time.

     Aset hak-guna                                                           Right-of-use assets
     Bank memiliki kontrak sewa untuk bangunan                               The Bank has lease contracts for buildings
     yang digunakan dalam operasi Bank yang                                  used in the Bank's operations. Building leases
     dicatat sebagai aset hak-guna. Sewa bangunan                            generally have a lease term of 2 to 5 years.
     umumnya memiliki jangka waktu sewa antara 2
     sampai 5 tahun.



                                                                  82
Page 439
PT BANK MEGA TBK                                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                     Unless Otherwise Stated)

      Beban penyusutan aset hak-guna yang                                                  The depreciation expense for the years ended
      dibebankan untuk tahun yang berakhir pada                                            December 31, 2023 and 2022 amounted to
      tanggal-tanggal 31 Desember 2023 dan 2022                                            Rp45,431    and     Rp47,517,     respectively
      masing-masing     sebesar  Rp45.431   dan                                            (Note 32).
      Rp47.547 (Catatan 32).

      Pada tanggal 31 Desember 2023 dan 2022,                                              As of December 31, 2023 and 2022, the
      jumlah tercatat liabilitas sewa adalah sebesar                                       carrying amount of lease liabilities was
      Rp19.991 dan Rp23.720 (Catatan 24).                                                  Rp19,991      and Rp23,720  (Note    24),
                                                                                           respectively.

14.   Aset Lain-Lain                                                                  14. Other Assets

                                                            2023                                         2022
                                                         Mata uang                                    Mata uang
                                                           asing/                                       asing/
                                                          Foreign        Jumlah/                       Foreign        Jumlah/
                                            Rupiah       currencies       Total          Rupiah       currencies       Total

      Pihak berelasi (Catatan 39)                                                                                                         Related parties (Note 39)
        Piutang sewa                           10,091               --       10,091          9,965               --        9,965                 Rent receivables
        Bunga yang masih akan diterima          4,423           1,237         5,660          2,844           1,039         3,883              Interest receivables
      Total pihak berelasi                     14,514           1,237        15,751         12,809           1,039        13,848               Total related parties

      Pihak ketiga                                                                                                                                      Third parties
        Agunan yang diambil alih, setelah                                                                                                       Foreclosed assets,
          dikurangi cadangan kerugian                                                                                                     net after allowance for
          penurunan nilai, masing-masing                                                                                           impairment losses of Rp9,525
          sebesar Rp9,525                                                                                                                     and Rp9,139 as at
          dan Rp9,139 pada tanggal                                                                                                           December 31,2023
          31 Desember 2023 dan 2022          1,327,078             --     1,327,078       1,391,294             --     1,391,294          and 2022, respectively
        Bunga yang masih akan diterima         969,867        25,776        995,643       1,121,014        24,797      1,145,811               Interest receivables
        Tagihan penjualan surat berharga       268,455        17,191        285,646          50,262         4,188         54,450      Sale of securities receivable
        Aset yang diblokir (Catatan 40)        206,630             --       206,630         111,000             --       111,000       Restricted assets (Note 40)
        Tagihan transaksi                                                                                                                                Credit card
          kartu kredit                         124,678             --       124,678         122,667             --       122,667         transaction receivables
        Beban dibayar di muka                   17,889             --        17,889          17,668             --        17,668                 Prepaid expenses
        Setoran jaminan                         13,453         7,432         20,885          14,152         7,514         21,666                  Security deposits
        Uang muka                               12,441             --        12,441          12,630             --        12,630                          Advances
        Piutang sewa                             1,438             --         1,438           1,637             --         1,637                  Rent receivables
        Lain-lain                              608,496        11,220        619,716         754,127         9,368        763,495                             Others
      Total pihak ketiga                     3,550,425        61,619      3,612,044       3,596,451        45,867      3,642,318                  Total third parties

      Total                                  3,564,939        62,856      3,627,795       3,609,260        46,906      3,656,166                               Total



a.    Piutang sewa dari pihak berelasi merupakan                                   a.      Rent receivables from related parties represent
      piutang dari hasil sewa ruangan kantor Bank                                          office space lease receivables of Bank Mega
      Mega kepada PT Mega Capital Sekuritas, PT                                            office to PT Mega Capital Sekuritas, PT Para
      Para Bandung Propertindo, PT Asuransi Umum                                           Bandung Propertindo, PT Asuransi Umum
      Mega, PT Trans Retail Indonesia, PT PFI Mega                                         Mega, PT Trans Retail Indonesia, PT PFI
      Life Insurance, PT Duta Visual Nusantara TV 7,                                       Mega Life Insurance, PT Duta Visual
      PT Bank Mega Syariah, PT Mega Asset                                                  Nusantara TV 7, PT Bank Mega Syariah, PT
      Management, PT Indonusa Telemedia, PT                                                Mega Asset Management, PT Indonusa
      Mega Central Finance, PT Trans Coffee, PT                                            Telemedia, PT Mega Central Finance, PT
      Trans Kalla Makassar, PT Trans Studio, PT                                            Trans Coffee, PT Trans Kalla Makassar, PT
      Trans E Produksi, PT Trans Rekreasindo, PT                                           Trans Studio, PT Trans E Produksi, PT Trans
      Trans Burger, PT Trans Ice, PT Detik TV Dua,                                         Rekreasindo, PT Trans Burger, PT Trans Ice,
      PT Alfa Retailindo, PT Trans Fashion                                                 PT Detik TV Dua, PT Alfa Retailindo, PT Trans
      Indonesia, PT Mega Finance, PT Trans News                                            Fashion Indonesia, PT Mega Finance, PT
      Corpora, PT Mega Auto Finance, PT                                                    Trans News Corpora, PT Mega Auto Finance,
      Rekreasindo Nusantara, dan PT Allo Bank                                              PT Rekreasindo Nusantara, and PT Allo Bank
      Indonesia Tbk. Untuk tahun yang berakhir pada                                        Indonesia Tbk. For the years ended December
      tanggal 31 Desember 2023 dan 2022,                                                   31, 2023 and 2022, the rent income
      pendapatan sewa tersebut diakui masing-                                              recognized amounted to Rp33,100 and
      masing sebesar Rp33.100 dan Rp37.025                                                 Rp37,025 respectively, were recorded as part
      dicatat sebagai bagian dari pendapatan non-                                          of non-operating income in profit or loss (Note
      operasional pada laba rugi (Catatan 34 dan                                           34 and 39).
      39).

                                                                             83
Page 440
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

b.    Pada tanggal 31 Desember 2023 dan 2022,                  b.    As of December 31, 2023 and 2022,
      agunan yang diambil alih berdasarkan                           foreclosed assets based on collectibility are as
      kolektibilitas adalah sebagai berikut:                         follows:

                                                2023                   2022
      Lancar                                        633,910                946,302                               Current
      Kurang lancar                                 137,450                 73,082                         Sub standard
      Diragukan                                     554,306                370,112                              Doubtful
      Macet                                          10,937                 10,937                                  Loss
      Saldo akhir tahun                           1,336,603              1,400,433                        Ending balance
      Cadangan kerugian penurunan nilai                (9,525)                (9,139)     Allowance for impairment losses
      Neto                                        1,327,078              1,391,294                                     Net


      Ikhtisar  perubahan     cadangan    kerugian                   The movements of the allowance for
      penurunan nilai atas agunan yang diambil alih                  impairment losses of foreclosed assets are as
      adalah sebagai berikut:                                        follows:

                                                2023                   2022
      Saldo awal                                        9,139                  8,749                    Beginning balance
      Penambahan penyisihan dalam                                                            Additional of provision during
        tahun berjalan (Catatan 31)                       386                    390                 the year (Note 31)
      Saldo akhir                                       9,525                  9,139                      Ending balance


      Manajemen Bank berpendapat bahwa jumlah                        The Bank’s management believes that the
      cadangan kerugian penurunan nilai atas                         allowance for impairment losses of foreclosed
      agunan yang diambil alih telah memadai dan                     assets was adequate and recorded at its net
      nilai tercatat agunan yang diambil alih tersebut               realizable value.
      merupakan nilai bersih yang dapat direalisasi.

c.    Sehubungan dengan kasus PT Elnusa Tbk,                   c.    In relation with the case of PT Elnusa Tbk, the
      Bank telah memblokir Surat Utang Negara                        Bank has put certain Government Debenture
      (“SUN”) sebesar Rp111.000 seperti yang                         Debt (“SUN”) as restricted asset amounting to
      diwajibkan dalam Surat Bank Indonesia                          Rp111,000 as required by Bank Indonesia
      No. 13/26/DPBI1/PPBI1-2/Rahasia tanggal 24                     (“BI’) under Letter No. 13/26/DPBI1/PPBI1-
      Mei 2011. Selain itu, berdasarkan Surat dari                   2/Rahasia dated May 24, 2011. In addition,
      Otoritas Jasa Keuangan No.S-75/PB/311/2023                     based on Letter from the Financial Services
      tertanggal 8 November 2023, Bank juga                          Authority       No.S-75/PB/311/2023      dated
      diwajibkan memblokir SUN sebesar Rp95.630,                     November 8 2023, the Bank are also required
      sehingga total SUN yang diblokir pada                          to restricted SUN amounting to Rp95,630, so
      31 Desember 2023 sebesar Rp206.630.                            the total restricted SUN as of December 31
      Karena pemblokiran tersebut, SUN tersebut                      2023 is Rp206,630. Because of this restriction,
      disajikan sebagai aset lain-lain dan bukan                     such SUN were presented as part of other
      sebagai bagian dari efek-efek (Catatan 40).                    assets and not as securities (Note 40).


15.   Liabilitas Segera                                          15. Obligations Due Immediately

      Liabilitas segera terutama terdiri dari transaksi              Obligations due immediately mainly consist of
      kliring atau transfer nasabah yang belum                       clearing transactions or unsettled customers’
      diselesaikan dan titipan pembayaran pajak                      money transfer and deposit of tax payments
      yang belum dilimpahkan ke rekening Kantor                      which has not yet been transferred to the
      Perbendaharaan dan Kas Negara (”KPKN”)                         account of Kantor Perbendaharaan dan Kas
      sehubungan dengan kegiatan operasional                         Negara (“KPKN”) in relation with the Bank’s
      Bank sebagai Bank Persepsi.                                    function as Collecting Bank.


                                                          84
Page 441
PT BANK MEGA TBK                                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                      Unless Otherwise Stated)

16.   Giro                                                                             16. Current Accounts
                                                           2023                                               2022
                                                        Mata uang                                          Mata uang
                                                          asing/                                             asing/
                                                         Foreign          Jumlah/                           Foreign             Jumlah/
                                        Rupiah          currencies         Total          Rupiah           currencies            Total

      Pihak berelasi (Catatan 39)          388,017             94,766         482,783         378,678            92,264            470,942    Related parties (Note 39)
      Pihak ketiga                       7,499,490          2,143,452       9,642,942       8,922,598         3,425,302         12,347,900                 Third parties
      Total                              7,887,507          2,238,218      10,125,725       9,301,276         3,517,566         12,818,842                        Total


      Giro dalam mata uang asing terdiri dari Dolar                                         Current accounts in foreign currencies consist
      Amerika Serikat, Dolar Australia, Dolar                                               of United States Dollar, Australian Dollar,
      Singapura, Poundsterling Inggris, dan Yuan                                            Singapore Dollar, Great Britain Poundsterling,
      Cina.                                                                                 and Chinese Yuan.
      Suku bunga rata-rata tertimbang setahun untuk                                         The weighted average of interest rate per
      giro adalah sebagai berikut:                                                          annum for current accounts are as follows:
                                                                        2023                    2022
      Rupiah                                                                   3.04%                      1.69%                                           Rupiah
      Mata uang asing                                                                                                                        Foreign currencies
      Dolar Amerika Serikat                                                    2.62%                      0.71%                            United States Dollar
      Dolar Australia                                                          0.05%                      0.04%                                 Australian Dollar
      Dolar Singapura                                                          0.04%                      0.04%                                 Singapore Dollar
      Poundsterling Inggris                                                    0.05%                      0.05%                      Great Britain Poundsterling
      Yuan China                                                               0.00%                          --                                  Chinese Yuan

      Giro yang digunakan sebagai jaminan atas                                              Demand deposits that are pledged as
      fasilitas-fasilitas kredit, bank garansi dan                                          collaterals for loans, bank guarantees and
      Letters of Credit yang diberikan oleh Bank                                            Letters of Credit issued by the Bank to
      kepada nasabah atau yang diblokir pada                                                customers or blocked were RpNil and
      tanggal 31 Desember 2023 dan 2022 masing-                                             Rp59,112 as of December 31, 2023 and 2022,
      masing sebesar RpNihil dan Rp59.112                                                   respectively (Note 11).
      (Catatan 11).
      Giro dari pihak berelasi diungkapkan pada                                             Demand deposits from related parties were
      Catatan 39. Informasi mengenai klasifikasi dan                                        disclosed in Note 39. Information with regards
      nilai wajar diungkapkan pada Catatan 44.                                              to the classification and fair value are disclosed
                                                                                            in Note 44.

17.   Tabungan                                                                         17. Saving Deposits
                                                         2023                                                      2022
                                Pihak berelasi                                          Pihak berelasi
                                 (Catatan 39)/                                           (Catatan 39)/
                                    Related                                                 Related
                                    parties          Pihak ketiga/        Jumlah/           parties         Pihak ketiga/          Jumlah/
                                   (Note 39)         Third parties         Total           (Note 39)        Third parties           Total

      Rupiah:                                                                                                                                               Rupiah:
      Mega Dana                         34,153            7,406,827         7,440,980           65,222              6,027,482         6,092,704           Mega Dana
      Mega Perdana                      14,449            2,159,356         2,173,805            1,077              3,020,903         3,021,980        Mega Perdana
      Mega Ultima                       23,281            1,705,296         1,728,577           37,146              1,161,698         1,198,844          Mega Ultima
      Mega Maxi                          6,109              952,063           958,172            6,378              1,030,579         1,036,957           Mega Maxi
      Mega Peduli                          696              458,711           459,407              607                518,069           518,676          Mega Peduli
      Mega Rencana                       1,815              312,057           313,872            1,587                383,705           385,292       Mega Rencana
      Mega Salary                       24,602               41,490            66,092           24,863                 52,437            77,300          Mega Salary
      Tabunganku                             7               66,009            66,016                6                 69,874            69,880          Tabunganku
      Mega Proteksi                          --                 106               106                --                   118               118        Mega Proteksi
      Mega Prestasi                          --                   9                 9                --                    11                11        Mega Prestasi
      Mata uang asing:                                                                                                                             Foreign currency:
      Mega Valas                         8,531            2,446,674         2,455,205            8,738              2,321,061         2,329,799          Mega Valas
      Total                            113,643           15,548,598        15,662,241          145,624             14,585,937        14,731,561                Total




                                                                                85
Page 442
PT BANK MEGA TBK                                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                             Unless Otherwise Stated)

      Tabungan dalam mata uang asing terdiri dari                                  Saving deposits in foreign currencies consist of
      Dolar Amerika Serikat, Dolar Australia, Dolar                                United States Dollar, Australian Dollar,
      Singapura, Yuan Cina, dan Dolar New Zealand.                                 Singapore Dollar, Chinese Yuan, and New
                                                                                   Zealand Dollar.

      Suku bunga rata-rata tertimbang setahun untuk                                The weighted average of interest rate per
      tabungan adalah sebagai berikut:                                             annum for saving deposits are as follows:

                                                                2023                   2022
      Rupiah                                                           1.33%                   1.15%                                     Rupiah
      Mata uang asing                                                                                                        Foreign currencies
      Yuan Cina                                                        0.10%                   0.10%                              Chinese Yuan
      Dolar Australia                                                  0.04%                   0.04%                           Australian Dollar
      Dolar Amerika Serikat                                            0.27%                   0.12%                        United States Dollar
      Dolar Singapura                                                  0.04%                   0.04%                           Singapore Dollar
      Dolar New Zealand                                                0.00%                   0.02%                        New Zealand Dollar


      Pada tanggal 31 Desember 2023 dan 2022                                       As of December 31, 2023 and 2022 there were
      tidak ada tabungan yang digunakan sebagai                                    no saving deposits that are pledged as
      jaminan atas fasilitas-fasilitas kredit, bank                                collaterals for loans, bank guarantees and
      garansi dan Letters of Credit yang diberikan                                 Letters of Credits issued by the Bank to
      oleh Bank kepada nasabah atau yang diblokir.                                 customers or blocked.

      Tabungan dari pihak berelasi diungkapkan                                     Saving deposits from related parties were
      pada Catatan 39. Informasi mengenai jatuh                                    disclosed in Note 39. Information in respect of
      tempo tabungan yang diberikan diungkapkan                                    maturities are disclosed in Note 45e.
      pada Catatan 45e. Informasi mengenai                                         Information with regards to the classification
      klasifikasi dan nilai wajar tabungan yang                                    and fair value are disclosed in Note 44.
      diberikan diungkapkan pada Catatan 44.


18.   Deposito Berjangka                                                       18. Time Deposits

                                                    2023                                           2022
                                                 Mata uang                                      Mata uang
                                                   asing/                                         asing/
                                                  Foreign         Jumlah/                        Foreign       Jumlah/
                                    Rupiah       currencies        Total          Rupiah        currencies      Total

      Pihak berelasi (Catatan 39)    1,649,265         68,052       1,717,317        481,220       1,346,370    1,827,590    Related parties (Note 39)
      Pihak ketiga                  56,535,911      5,394,556      61,930,467     67,889,399       5,682,275   73,571,674                 Third parties
      Total                         58,185,176      5,462,608      63,647,784     68,370,619       7,028,645   75,399,264                        Total



      Deposito berjangka yang digunakan sebagai                                    Time deposits that are pledged as collaterals
      jaminan atas fasilitas-fasilitas kredit, bank                                for loans, bank guarantees and letters of credit
      garansi dan letters of credit yang diberikan oleh                            issued by the Bank to customers or blocked
      Bank kepada nasabah atau yang diblokir pada                                  were Rp696,137 and Rp683,860 as of
      tanggal 31 Desember 2023 dan 2022 masing-                                    December 31, 2023 and 2022, respectively
      masing sebesar Rp696.137 dan Rp683.860                                       (Note 11).
      (Catatan 11).

      Deposito berjangka dalam mata uang asing                                     Time deposits in foreign currencies consist of
      terdiri dari Dolar Amerika Serikat, Dolar                                    United States Dollar, Australian Dollar,
      Australia, Dolar Singapura dan Euro Eropa.                                   Singapore Dollar and European Euro.




                                                                        86
Page 443
PT BANK MEGA TBK                                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                 Unless Otherwise Stated)

      Tingkat suku bunga rata-rata tertimbang                           The weighted average interest rates per
      setahun untuk deposito berjangka adalah                           annum of time deposits are as follows:
      sebagai berikut:

                                                     2023                 2022
      Rupiah                                                5.26%                3.63%                               Rupiah
      Mata uang asing                                                                                    Foreign currencies
      Dolar Amerika Serikat                                 2.70%                1.27%                  United States Dollar
      Dolar Australia                                       2.71%                0.51%                     Australian Dollar
      Euro Eropa                                            0.79%                0.19%                       European Euro
      Dolar Singapura                                       0.31%                0.22%                     Singapore Dollar


      Deposito berjangka dari pihak berelasi                            Time deposits from related parties were
      diungkapkan pada Catatan 39. Informasi                            disclosed in Note 39. Information in respect of
      mengenai jatuh tempo deposito berjangka yang                      maturities are disclosed in Note 45e.
      diberikan diungkapkan pada Catatan 45e.                           Information with regards to the classification
      Informasi mengenai klasifikasi dan nilai wajar                    and fair value are disclosed in Note 44.
      deposito     berjangka     yang     diberikan
      diungkapkan pada Catatan 44.


19.   Simpanan dari Bank Lain                                       19. Deposits From Other Banks

      Rincian simpanan          dari   bank   lain   adalah             The details of deposits from other banks are as
      sebagai berikut:                                                  follows:

                                                     2023                 2022
      Rupiah                                                                                                         Rupiah
      Pihak berelasi (Catatan 39)                                                                  Related parties (Note 39)
         Giro                                            194,937              513,329                   Current accounts
         Deposito berjangka                                    --              50,000                      Time deposits
         Call money                                    1,000,000                    --                       Call money
      Pihak ketiga                                                                                              Third parties
         Deposito berjangka                              309,180              416,406                      Time deposits
         Tabungan                                         73,176              116,921                    Saving deposits
         Giro                                             43,946               55,443                   Current accounts
         Call money                                    1,790,000                    --                       Call money
                                                       3,411,239            1,152,099
      Mata uang asing                                                                                    Foreign currency
      Pihak berelasi (Catatan 39)                                                                  Related parties (Note 39)
         Giro                                               7,145                5,409                  Current accounts
      Pihak ketiga                                                                                              Third parties
         Call money                                     454,212               389,188                        Call money
                                                        461,357               394,597
      Total                                            3,872,596            1,546,696                                  Total


      Informasi mengenai jatuh tempo deposito                           Information in respect of maturities of time
      berjangka dan call money dari bank lain                           deposit and call money from other banks were
      diungkapkan pada Catatan 45e. Informasi                           disclosed in Note 45e. Information with regards
      mengenai klasifikasi dan nilai wajar simpanan                     to the classification and fair value of deposits
      dari bank lain yang diberikan diungkapkan                         from other banks were disclosed in Note 44.
      pada Catatan 44.




                                                              87
Page 444
PT BANK MEGA TBK                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)

     Simpanan yang diterima dari pihak berelasi                          The outstanding balances of deposits from
     merupakan simpanan dari PT Bank Mega                                related parties represents deposits from PT
     Syariah, PT Bank Pembangunan Daerah                                 Bank Mega Syariah, PT Bank Pembangunan
     Sulawesi Utara dan Gorontalo, PT Bank                               Daerah Sulawesi Utara dan Gorontalo, PT
     Pembangunan Daerah Sulawesi Tengah dan                              Bank Pembangunan Daerah Sulawesi Tengah
     PT Allo Bank Indonesia Tbk.                                         and PT Allo Bank Indonesia Tbk.

     Suku bunga rata-rata tertimbang tahunan                             The weighted average of interest rate per
     simpanan dari bank lain adalah sebagai                              annum of deposits from other banks are as
     berikut:                                                            follows:

                                                      2023                  2022
     Rupiah                                                                                                                  Rupiah
      Giro                                                   4.79%                   3.30%                        Current accounts
      Tabungan                                               1.20%                   1.62%                         Saving deposits
      Deposito                                               4.92%                   3.26%                           Time deposits
      Call Money                                             5.92%                       --                            Call Money
     Valuta Asing                                                                                                   Foreign currency
      Call money                                             5.23%                   1.39%                             Call money

     Klasifikasi jangka waktu simpanan dari bank                         The classification of deposits from other banks
     lain berdasarkan sisa umur sampai dengan                            based on their remaining period to maturity are
     saat jatuh tempo adalah sebagai berikut:                            as follows:

                                                     31 Desember/December 31, 2023
                                                                       > 3 bulan -
                                                                        1 tahun/
                                   ≤ 1 bulan/        > 1 -3 bulan/    > 3 months -            Jumlah/
                                   ≤ 1 month        > 1 - 3 months       1 year                Total

     Rupiah                                                                                                                       Rupiah
     Pihak berelasi (Catatan 39)                                                                                Related parties (Note 39)
       Call Money                       1,000,000                 --                 --          1,000,000                 Call money
       Giro                               194,937                 --                 --            194,937           Current accounts
     Total Rupiah                       1,194,937                 --                 --          1,194,937                  Total Rupiah

     Pihak ketiga                                                                                                           Third parties
       Deposito berjangka                 284,180            20,500             4,500              309,180               Time deposits
       Call money                       1,790,000                 --                --           1,790,000                 Call money
       Tabungan                            73,176                 --                --              73,176             Saving deposits
       Giro                                43,946                 --                --              43,946              Current accounts
                                        3,386,239            20,500             4,500            3,411,239

     Mata uang asing                                                                                                  Foreign currency
     Pihak berelasi (Catatan 39)                                                                                Related parties (Note 39)
       Giro                                 7,145                 --                 --                 7,145        Current accounts
     Pihak ketiga                                                                                                            Third parties
       Call money                        454,212                  --                 --            454,212                  Call money
     Total valuta asing                  461,357                  --                 --            461,357         Total foreign currency
     Total                              3,847,596            20,500             4,500            3,872,596                          Total




                                                               88
Page 445
PT BANK MEGA TBK                                                                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                               Unless Otherwise Stated)

                                                                           31 Desember/December 31, 2022
                                                                                             > 3 bulan -
                                                                                              1 tahun/
                                                    ≤ 1 bulan/             > 1 -3 bulan/    > 3 months -                    Jumlah/
                                                    ≤ 1 month             > 1 - 3 months       1 year                        Total

      Rupiah                                                                                                                                                              Rupiah
      Pihak berelasi (Catatan 39)                                                                                                                       Related parties (Note 39)
        Deposito berjangka                                 50,000                          --                      --               50,000                      Time deposits
        Giro                                              513,329                          --                      --              513,329                   Current accounts
      Total Rupiah                                        563,329                          --                      --              563,329                          Total Rupiah

      Pihak ketiga                                                                                                                                                    Third parties
        Deposito berjangka                                 398,406                   14,500                   3,500                416,406                        Time deposits
        Tabungan                                           116,921                        --                      --               116,921                       Saving deposits
        Giro                                                55,443                        --                      --                55,443                      Current accounts
                                                         1,134,099                   14,500                   3,500              1,152,099
      Mata uang asing                                                                                                                                         Foreign currency
      Pihak berelasi (Catatan 39)                                                                                                                       Related parties (Note 39)
        Giro                                                 5,409                         --                      --                   5,409                Current accounts
      Pihak ketiga                                                                                                                                                   Third parties
        Call money                                        389,188                          --                      --              389,188                          Call money
      Total valuta asing                                  394,597                          --                      --              394,597                 Total foreign currency
      Total                                              1,528,696                   14,500                   3,500              1,546,696                                      Total


      Pada tanggal 31 Desember 2023 dan 2022,                                                       As of December 31, 2023 and 2022, there
      tidak terdapat simpanan dari bank lain yang                                                   were no deposits from other banks which were
      dijaminkan.                                                                                   pledged.


20.   Efek-Efek yang Dijual dengan Janji Dibeli                                                 20. Securities Sold                     Under            Agreement                     to
      Kembali                                                                                       Repurchase

                                                                              31 Desember/December 31, 2023
                                                                                                                          Liabilitas            Beban bunga
                                                                                                                         pembelian               yang belum
                                                         Nilai nominal/          Tanggal              Tanggal              kembali/             diamortisasi/        Nilai tercatat/
             Nasabah/              Jenis efek-efek/         Nominal              dimulai/          jatuh tempo/         Repurchased             Unamortized            Carrying
            Counterparty          Type of securities        amount             Starting date       Maturity date          liabilities              interest              value

      Pihak ketiga/
      Third parties
      Rupiah
      PT Bank                    Obligasi Pemerintah/                             11 Desember/             3 Januari/
        Pan Indonesia Tbk        Government Bonds                 1,110,000   December 11, 2023      January 3, 2024           1,037,530                   (366)             1,037,164
      PT Bank                    SRBI/                                            14 Desember/             2 Januari/
        Pan Indonesia Tbk        SRBI                             1,300,000   December 14, 2023      January 2, 2024           1,226,755                   (215)             1,226,540
      PT Bank                    SRBI/                                            18 Desember/             4 Januari/
        Pan Indonesia Tbk        SRBI                             1,400,000   December 18, 2023      January 4, 2024           1,320,064                   (691)             1,319,373
      PT Bank                    SRBI/                                            20 Desember/             8 Januari/
        Pan Indonesia Tbk        SRBI                             1,300,000   December 20, 2023      January 8, 2024           1,245,571                  (1,528)            1,244,043
      PT Bank Victoria           Obligasi Pemerintah/                             22 Desember/             5 Januari/
        International Tbk        Government Bonds                  500,000    December 22, 2023      January 5, 2024             494,760                   (348)               494,412
                                 Obligasi Pemerintah/                             27 Desember/             3 Januari/
      Bank Indonesia
                                 Government Bonds                 3,000,000   December 27, 2023      January 3, 2024           2,972,623                  (1,031)            2,971,592
                                 Obligasi Pemerintah/                             27 Desember/             3 Januari/
      Bank Indonesia
                                 Government Bonds                  500,000    December 27, 2023      January 3, 2024             522,321                   (181)               522,140
      PT Bank Rakyat             Obligasi Pemerintah/                             28 Desember/             2 Januari/
       Indonesia (Persero) Tbk   Government Bonds                 1,000,000   December 28, 2023      January 2, 2024             942,988                   (162)               942,826
                                 Obligasi Pemerintah/                             28 Desember/             4 Januari/
      Bank Indonesia
                                 Government Bonds                 1,680,000   December 28, 2023      January 4, 2024           1,569,659                   (817)             1,568,842
      PT Bank Mandiri            Obligasi Pemerintah/                             29 Desember/             2 Januari/
       (Persero) Tbk             Government Bonds                  500,000    December 29, 2023      January 2, 2024             471,749                     (77)              471,672
                                 Obligasi Pemerintah/                             29 Desember/             5 Januari/
      Bank Indonesia
                                 Government Bonds                   300,000   December 29, 2023      January 5, 2024             296,310                    (206)              296,104
                                                                 12,590,000                                                   12,100,330                  (5,622)           12,094,708
      Mata uang asing/
      Foreign currency
      PT Bank Mandiri            Obligasi Pemerintah/                             11 Desember/            12 Januari/
        (Persero) Tbk            Government Bonds                   500,000   December 11, 2023     January 12, 2024             479,361                    (838)              478,523
                                                                 13,090,000                                                   12,579,691                  (6,460)           12,573,231




                                                                                       89
Page 446
PT BANK MEGA TBK                                                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                         Unless Otherwise Stated)
                                                                      31 Desember/December 31, 2022
                                                                                                                     Liabilitas       Beban bunga
                                                                                                                    pembelian          yang belum
                                                  Nilai nominal/        Tanggal                 Tanggal               kembali/        diamortisasi/       Nilai tercatat/
             Nasabah/        Jenis efek-efek/        Nominal            dimulai/             jatuh tempo/          Repurchased        Unamortized           Carrying
            Counterparty    Type of securities       amount           Starting date          Maturity date           liabilities         interest             value

      Pihak ketiga/
      Third parties
                           Obligasi Pemerintah/                                  26 April/             25 April/
      Bank Indonesia
                           Government Bonds              3,000,000        April 26, 2022        April 25, 2023            3,157,710           (37,010)            3,120,700
                           Obligasi Pemerintah/                                  27 April/             26 April/
      Bank Indonesia
                           Government Bonds              2,000,000        April 27, 2022        April 26, 2023            2,013,318           (23,788)            1,989,530
                           Obligasi Pemerintah/                                   10 Mei/                9 Mei/
      Bank Indonesia
                           Government Bonds              2,700,000        May 10, 2022           May 9, 2023              2,946,319           (38,688)            2,907,631
                           Obligasi Pemerintah/                                   12 Mei/               11 Mei/
      Bank Indonesia
                           Government Bonds              2,620,000        May 12, 2022          May 11, 2023              2,471,925           (32,948)            2,438,977
                           Obligasi Pemerintah/                             19 Oktober/            18 Januari/
      Bank Indonesia
                           Government Bonds              3,070,000     October 19, 2022      January 18, 2023             2,813,744            (7,195)            2,806,549
                                                        13,390,000                                                       13,403,016          (139,629)           13,263,387



      Tingkat suku bunga rata-rata tertimbang                                                 The weighted average of interest rate per
      setahun untuk efek-efek yang dijual dengan                                              annum for securities sold under repurchased
      janji dibeli kembali untuk tahun berakhir pada                                          agreement for the year ended December 31,
      31 Desember 2023 dan 2022 masing-masing                                                 2023 and 2022 were 4.47% and 3.90%,
      adalah 4,47% dan 3,90%.                                                                 respectively.

      Informasi mengenai jatuh tempo diungkapkan                                              Information in respect of maturities are
      pada Catatan 45e. Informasi mengenai                                                    disclosed in Note 45e. Information with regards
      klasifikasi dan nilai wajar diungkapkan pada                                            to the classification and fair value are disclosed
      Catatan 44.                                                                             in Note 44.

21.   Perpajakan                                                                       21. Taxation

a.    Utang pajak penghasilan terdiri dari:                                            a.     Income tax payable consists of:

                                                                     2023                          2022
      Pajak penghasilan                                                                                                                                   Income tax
      Pasal 29                                                              59,596                        143,076                                           Article 29
      Total                                                                 59,596                        143,076                                                Total


b.    Beban pajak terdiri dari:                                                        b.     Tax expense consists of:

                                                                     2023                          2022
      Pajak kini                                                         826,980                          941,243                                          Current tax
      Ketetapan pajak                                                      2,130                           16,555                                     Tax assessment
      Pajak tangguhan                                                      2,949                           17,594                                        Deferred tax
      Neto                                                               832,059                          975,392                                                 Net


      Pada 2023, Bank melakukan pembayaran                                                    In 2023, the Bank made a payment of
      sebesar Rp2.130 untuk Pajak Penghasilan                                                 Rp14,071 for Corporate Income Tax in
      Badan     sehubungan      Surat Pemintaan                                               connection with the Letter of Request for
      Penjelasan atas Data dan/atau Keterangan                                                Explanation of Tax Data and/or Information for
      Pajak untuk tahun pajak 2019.                                                           the Year 2019.

c.    Sesuai dengan peraturan perpajakan di                                            c.     In accordance with the taxation laws in
      Indonesia,       Bank     menghitung  dan                                               Indonesia, the Bank calculates and submits
      melaporkan/menyetorkan pajak berdasarkan                                                income tax returns based on self-assessment.
      sistem     self-assessment.  Fiskus  dapat                                              The tax authorities may assess/amend taxes
      menetapkan/ mengubah pajak-pajak tersebut                                               within the statute of limitations under the
      dalam jangka waktu tertentu sesuai dengan                                               prevailing regulations.
      peraturan yang berlaku.



                                                                                90
Page 447
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

d.   Rekonsiliasi antara laba akuntansi sebelum             d.   The reconciliation between accounting income
     beban pajak ke laba kena pajak untuk tahun                  before tax expense to taxable income for the
     yang berakhir pada tanggal 31 Desember 2023                 years ended December 31, 2023 and 2022 are
     dan 2022 adalah sebagai berikut:                            as follows:

                                            2023                   2022
     Laba akuntansi sebelum                                                                     Accounting income before
       beban pajak - Bank                     4,342,729              5,028,070                     tax expense - Bank
     Beda waktu:                                                                                        Timing differences:
     Liabilitas imbalan pasca-kerja             (24,133)                 (31,808)        Post-employment benefits liability
     Kerugian atas aset                                                                                  Loss on derivative
        derivatif - neto                                   --              1,327                             assets - net
     Keuntungan atas efek-efek                                                                             Gain on trading
        yang diperdagangkan - neto              (14,794)                  (2,794)             marketable securities - net
     Penyusutan aset tetap                        42,309                  11,013               Depreciation of fixed assets
     Pemulihan cadangan kerugian                                                                  Reversal for impairment
        penurunan nilai atas aset                                                         losses on financial assets and
        keuangan dan non-keuangan               (18,903)                 (70,338)                   non-financial assets
     Total beda temporer                        (15,521)                 (92,600)              Total temporary differences
     Beda tetap:                                                                                   Permanent differences:
     Jamuan dan representasi                         9,127                 9,496         Entertainment and representation
     Penyusutan aset tetap                               --                1,028              Depreciation of fixed assets
     Sumbangan                                         536                 1,036                                 Donations
     Lain-lain                                      15,653                 6,880                                    Others
     Total beda tetap                               25,316                18,440              Total permanent differences
     Laba kena pajak                          4,352,524              4,953,910                            Taxable income
     Beban pajak penghasilan badan                 826,980               941,243           Corporate income tax expense
     Dikurangi: pajak penghasilan                                                                      Less: prepayment
       dibayar dimuka                          (767,384)             (798,167)                           of income tax
     Utang pajak penghasilan badan                59,596               143,076            Corporate income tax payable


     Laba kena pajak Perusahaan untuk tahun fiskal               Taxable income of the Bank for fiscal years
     2023 dan 2022 hasil rekonsiliasi, seperti yang              2023 and 2022 resulting from the reconciliation
     tercantum dalam tabel diatas menjadi dasar                  as shown in the table above will be the basis
     dalam    pengisian   Surat     Pemberitahuan                for filing the Corporate Annual Tax Returns
     Tahunan PPh Badan yang disampaikan ke                       submitted to the Tax Office.
     Kantor Pajak.

e.   Rekonsiliasi antara laba akuntansi Bank                e.   The reconciliation between the Bank’s
     sebelum pajak dikali tarif pajak yang berlaku               accounting income before tax multiplied by the
     dengan beban pajak adalah sebagai berikut:                  enacted tax rate applicable to income tax
                                                                 expense are as follows:

                                            2023                  2022


     Laba sebelum beban pajak                                                               Income before tax expense
       menurut laporan laba rugi            4,342,729              5,028,070            per statement of profit or loss
     Beban pajak berdasarkan
       tarif pajak yang berlaku               825,119                955,333        Tax expense at applicable tax rates
     Pengaruh pajak atas perbedaan
       yang tidak dapat diperhitungkan                                                     Tax effect of non deductible
       menurut fiskal                              4,810                 3,504                              expenses
     Ketetapan                                                                                                      Tax
       pajak                                    2,130                 16,555                            determination
     Jumlah beban pajak                       832,059                975,392                        Total tax expense




                                                      91
Page 448
PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

     Pada tanggal 29 Oktober 2021, Pemerintah               On October 29, 2021, the Government issued
     menerbitkan Undang-Undang No. 7 Tahun                  Law No. 7 of 2021 concerning the
     2021       tentang    Harmonisasi  Peraturan           Harmonization of Tax Regulations, one of the
     Perpajakan dimana salah satu klausa dalam              clauses in the regulation governs the
     peraturan ini adalah penyesuaian tarif pajak           adjustment of tax rate to 22% for the year
     badan untuk tahun 2022 dan seterusnya                  2022, onwards. For any taxpayer who meets
     menjadi 22%. Bagi wajib pajak yang memenuhi            the Regulation of Minister of Finance No.
     ketentuan      Peraturan  Menteri Keuangan             238/PMK.03/2008 dated December 30, 2008
     No. 238/PMK.03/2008 tanggal 30 Desember                are eligible of the tax deduction facility of 3%.
     2008 dapat memperoleh fasilitas penurunan
     tarif pajak sebesar 3%.

     Berdasarkan PMK 238/2008, perseroan                    Under the PMK 238/2008, domestic public
     terbuka dalam negeri dapat memperoleh                  companies can apply for tax reduction of 5%
     penurunan tarif Pajak Penghasilan sebesar 5%           lower than the highest income tax rate as
     lebih rendah dari tarif tertinggi Pajak                stated in point 1b of article 17 of the Income
     Penghasilan sebagaimana diatur dalam Pasal             Tax Law if the following criteria are met:
     17     ayat     1b    (“Undang-undang     Pajak
     Penghasilan”), jika memenuhi kriteria yang
     ditentukan, sebagai berikut:
     1. Apabila       jumlah    kepemilikan   saham         1. Total publicly-owned shares covers 40% or
          publiknya 40% (empat puluh persen) atau              more of the total paid-up shares and such
          lebih dari keseluruhan saham yang disetor            shares are owned by at least 300 (three
          dan saham tersebut dimiliki paling sedikit           hundred) parties.
          oleh 300 (tiga ratus) pihak.
     2. Masing-masing pihak hanya boleh memiliki            2. Each party can only own less than 5%
          saham kurang dari 5% (lima persen) dari              shares of the total paid-up shares within a
          keseluruhan saham yang disetor dalam                 minimum of 6 (six) months or 183 (one
          waktu paling singkat 6 (enam) bulan atau             hundred eighty three) calendar days in 1
          183 (seratus delapan puluh tiga) hari                (one) tax/fiscal year.
          kalender dalam jangka waktu 1 (satu)
          tahun pajak.
     3. Wajib Pajak harus melampirkan Surat                 3. The Tax Payer should attach the
          Keterangan dari Biro Administrasi Efek               Declaration Letter (“Surat Keterangan”)
          pada Surat Pemberitahuan Tahunan PPh                 from the Securities Administration Bureau
          WP Badan dengan melampirkan formulir                 (“Biro Administrasi Efek”) to the Annual
          X.H.1-6     sebagaimana      diatur  dalam           Income Tax Return of the Tax Payer with
          Peraturan BAPEPAM - LK Nomor X.H.1                   the form X.H.1-6 as provided in BAPEPAM
          untuk setiap tahun pajak terkait.                    - LK Regulation No. X.H.1 for each
                                                               respective tax/fiscal year.

     Manajemen berkeyakinan bahwa Bank telah                Management believe that the Bank has
     memenuhi kriteria-kriteria tersebut di atas dan        complied with the above mentioned criteria;
     oleh karena itu Bank telah menerapkan                  accordingly, the Bank has applied the tax
     penurunan tarif pajak dalam perhitungan pajak          reduction in its 2023 and 2022 income tax
     penghasilan tahun 2023 dan 2022. Dengan                calculation. Hence, the Bank has calculated
     demikian, Bank telah menghitung pajak                  the corporate income tax for the year ended
     penghasilan badan untuk tahun yang berakhir            December 31, 2023 using a tax rate of 19%.
     pada tanggal 31 Desember 2023 dan 2022
     menggunakan tarif pajak 19%.




                                                       92
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PT BANK MEGA TBK                                                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                           Unless Otherwise Stated)

f.   Pajak    tangguhan      dihitung    berdasarkan                                     f.     Deferred tax is calculated based on temporary
     pengaruh dari perbedaan temporer antara                                                    differences between the carrying value of total
     jumlah tercatat aset dan liabilitas menurut                                                assets and liabilities recorded according to the
     laporan posisi keuangan komersial dengan                                                   commercial statements of financial positions
     dasar pengenaan pajak aset dan liabilitas.                                                 and tax bases of assets and liabilities. Details
     Rincian dari aset (liabilitas) pajak tangguhan                                             of deferred tax assets (liabilities) are as
     adalah sebagai berikut:                                                                    follows:
                                                                      (Dibebankan)
                                                                       Dikreditkan            (Dibebankan)
                                                    Saldo              ke Laporan              Dikreditkan         Saldo
                                                    Awal/              Laba Rugi/              ke Ekuitas/         Akhir/
                                                  Beginning             (Charged)               (Charged)         Ending
                                                   Balance             Credited to               Credited         Balance
                                                    2023              Profit or Loss             to Equity         2023
     Liabilitas imbalan pasca-kerja                       45,932                (4,585)                11,384               52,731         Post-employee benefits liability
     Keuntungan/(kerugian) dari perubahan nilai                                                                                       Unrealized gain/(loss) on changes in
       atas efek-efek yang                                                                                                                        fair value of securities
       diukur pada nilai wajar melalui                                                                                                    through other comprehensive
       penghasilan komprehensif lain                      83,202                      --             (116,251)         (33,049)                                   income
     Penyusutan aset tetap                                 8,256                  8,039                     --           16,295               Depreciation of fixed assets
     Keuntungan yang belum direalisasi
       atas efek-efek                                                                                                                          Unrealized gain from trading
       diperdagangkan - neto                             (2,408)                (2,811)                      --         (5,219)                           securities - net
     Cadangan kerugian penurunan                                                                                                                 Allowance for impairment
       nilai aset keuangan dan                                                                                                                   losses on financial and
       non-keuangan                                     (67,230)                (3,592)                      --        (70,822)                      non-financial assets
     Revaluasi aset tetap                              (116,748)                     --                      --       (116,748)                   Fixed assets revaluation
     Liabilitas pajak tangguhan                         (48,996)                (2,949)              (104,867)        (156,812)                     Deferred tax liabilities


                                                                      (Dibebankan)
                                                                       Dikreditkan            (Dibebankan)
                                                    Saldo              ke Laporan              Dikreditkan         Saldo
                                                    Awal/              Laba Rugi/              ke Ekuitas/         Akhir/
                                                  Beginning             (Charged)               (Charged)         Ending
                                                   Balance             Credited to               Credited         Balance
                                                    2022              Profit or Loss             to Equity         2022
     Liabilitas imbalan pasca-kerja                       42,803                (6,044)                 9,173               45,932          Post-employee benefits liability
     Cadangan kerugian penurunan                                                                                                          Allowance for impairment losses
       nilai restrukturiasi kredit                              98                 (98)                      --                 --                   on loan restructuring
     Kerugian dari perubahan nilai                                                                                                           Unrealized loss on changes in
       atas efek-efek yang                                                                                                                         fair value of securities
       diukur pada nilai wajar melalui                                                                                                     through other comprehensive
       penghasilan komprehensif lain                          9,560                   --               73,642               83,202                                 income
     Penyusutan aset tetap                                    6,163               2,093                     --               8,256             Depreciation of fixed assets
     Keuntungan atas aset                                                                                                                                 Gain on derivative
       derivatif - neto                                       (252)                    252                   --                 --                            assets - net
     Keuntungan yang belum direalisasi                                                                                                                            Unrealized
       atas efek-efek                                                                                                                                      gain from trading
       diperdagangkan - neto                             (1,877)                  (531)                      --         (2,408)                            securities - net
     Cadangan kerugian penurunan                                                                                                                 Allowance for impairment
       nilai aset keuangan dan                                                                                                                    losses on financial and
       non-keuangan                                     (53,964)               (13,266)                     --         (67,230)                      non-financial assets
     Revaluasi aset tetap                               (39,621)                     --               (77,127)        (116,748)                    Fixed assets revaluation
     Aset (liabilitas) pajak tangguhan - neto           (37,090)               (17,594)                 5,688          (48,996)      Deferred tax assets (liabilities) - Net



     Manajemen Bank berpendapat bahwa seluruh                                                   The Bank’s management believes that the total
     aset pajak tangguhan dapat terpulihkan di                                                  deferred tax assets can be recovered in future
     tahun-tahun mendatang.                                                                     years.




                                                                                 93
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PT BANK MEGA TBK                                                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                 Unless Otherwise Stated)

22.   Pinjaman yang Diterima                                                  22. Fund Borrowings

      Pada tahun 2023 dan 2022, pinjaman yang                                          In 2023 and 2022, the Bank received fund
      diterima oleh Bank adalah sebagai berikut:                                       borrowings were as follows:
                                                                 31 Desember/December 31, 2023
                                                                             Suku                   Nilai
                                        Tanggal/Date                      Bunga (%)/          Penuh (US$)/        Ekuivalen Rp/
                              Penerimaan/         Jatuh Tempo/             Interest            Full Amount         Equivalent
                                Receipt              Maturity              Rate (%)               (US$)              In Rp

      Pihak ketiga                                                                                                                            Third parties
      Rupiah                                                                                                                                        Rupiah
      PT Bank Pembangunan     31 Oktober/         25 Oktober/                                                                        PT Bank Pembangunan
        Daerah Jawa Barat     October 31,         October 25,                                                                          Daerah Jawa Barat
        dan Banten Tbk           2022                2024                    7.94                            --          1,000,000        dan Banten Tbk
      Dolar Amerika Serikat                                                                                                            United States Dollar
                              28 Desember/       27 Desember/
                              December 28,       December 27,
      Citibank, NA                2023               2024                    6.10                  49,000,000              754,453            Citibank, NA
      PT Bank Rakyat           25 Oktober/        25 Januari/                                                                              PT Bank Rakyat
        Indonesia              October 25,        January 25,                                                                                  Indonesia
        (Persero) Tbk             2023               2024                    5.75                  30,000,000              461,910         (Persero) Tbk
                              13 Desember/         13 Maret/
      PT Bank Central         December 13,         March 13,                                                                               PT Bank Central
       Asia Tbk                   2023               2024                    5.90                  15,000,000              230,955             Asia Tbk
                              14 Desember/         14 Maret/
      PT Bank Central         December 14,         March 14,                                                                               PT Bank Central
       Asia Tbk                   2023               2024                    5.90                  15,000,000              230,955             Asia Tbk
                              29 Desember/         29 Maret/
      PT Bank Central         December 29,         March 29,                                                                               PT Bank Central
        Asia Tbk                  2023               2024                    5.90                  15,000,000              230,955             Asia Tbk
      Total                                                                                       124,000,000            2,909,228                  Total



                                                              31 Desember/December 31, 2022
                                                                          Suku                   Nilai
                                        Tanggal/Date                   Bunga (%)/          Penuh (US$)/           Ekuivalen Rp/
                              Penerimaan/         Jatuh Tempo/          Interest            Full Amount            Equivalent
                                Receipt              Maturity           Rate (%)               (US$)                 In Rp

      Pihak ketiga                                                                                                                            Third parties
      Rupiah                                                                                                                                        Rupiah
      PT Bank Pembangunan      31 Oktober/         25 Oktober/                                                                       PT Bank Pembangunan
        Daerah Jawa Barat      October 31,         October 25,                                                                         Daerah Jawa Barat
        dan Banten Tbk            2022                2024                   6.67                            --          1,000,000        dan Banten Tbk
      Dolar Amerika Serikat                                                                                                            United States Dollar
      PT Bank Rakyat              7 Juli/           3 Januari/                                                                             PT Bank Rakyat
        Indonesia                July 7,            January 3,                                                                                  Indonesia
        (Persero) Tbk             2022                 2023                  2.51                   40,000,000             622,700          (Persero) Tbk
      PT Bank Pembangunan     28 Desember/         27 Januari/                                                                       PT Bank Pembangunan
        Daerah Jawa Barat     December 28,         January 27,                                                                         Daerah Jawa Barat
        dan Banten Tbk            2022                 2023                  4.50                   15,000,000             233,513        dan Banten Tbk
      Total                                                                                         55,000,000           1,856,213                    Total



      Informasi mengenai jatuh tempo pinjaman yang                                     Information in respect of maturities of fund
      diterima diungkapkan pada Catatan 45e.                                           borrowings is disclosed in Note 45e.
      Informasi mengenai klasifikasi dan nilai wajar                                   Information with regards to the classification
      pinjaman yang diterima diungkapkan pada                                          and fair value of fund borrowings is disclosed
      Catatan 44.                                                                      in Note 44.




                                                                        94
Page 451
PT BANK MEGA TBK                                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                   Unless Otherwise Stated)

23.   Obligasi Subordinasi                                                         23. Subordinated Bonds

      Pada tanggal 31 Desember 2023 dan 2022,                                            As of December 31, 2023 and 2022,
      akun ini merupakan obligasi subordinasi yang                                       respectively,     this account   represents
      diterbitkan oleh Bank dengan rincian sebagai                                       subordinated bonds issued by the Bank with
      berikut:                                                                           details as follows:
                                                                   Tanggal              Tanggal /      Tingkat bunga
                                                                   dimulai/           jatuh tempo/    tetap pertahun/
                                                Jangka waktu/      Starting             Maturity       Fixed interest     31 Desember/        31 Desember/
                     Jenis/Type                     Term             date                 date        rate per annum    December 31, 2023   December 31, 2022

      Pihak berelasi/related parties
      Obligasi Subordinasi I PT Bank Mega Tbk                   28 Mei/May 28,       28 Mei/May 28,
        Tahun 2020                              5 Tahun/Years       2020                 2025             9.00%                    48,000              38,000
      Pihak ketiga/third parties
      Obligasi Subordinasi I PT Bank Mega Tbk                   28 Mei/May 28,       28 Mei/May 28,
        Tahun 2020                              5 Tahun/Years       2020                 2025             9.00%                     2,000              12,000
                                                                                                                                   50,000               50,000



      Pada tanggal 28 Mei 2020, Bank menerbitkan                                         On May 28, 2020 the Bank issued
      Obligasi Subordinasi I PT Bank Mega Tbk                                            Subordinated Bonds I PT Bank Mega Tbk Year
      Tahun 2020 dengan tingkat bunga tetap                                              2020 that bears fixed interest rate at 9.00% per
      sebesar 9,00% per tahun dengan nilai                                               annum with a nominal value of Rp50,000.
      nominal sebesar Rp50.000.

      Bunga obligasi subordinasi dibayarkan setiap                                       The interest of the subordinated bonds is paid
      triwulan.    Pembayaran      bunga     obligasi                                    on a quarterly basis. The first interest payment
      subordinasi pertama dilakukan pada tanggal                                         is paid on May 28, 2020 while the last payment
      28 Mei 2020, sedangkan pembayaran bunga                                            of subordinated bonds interest and due date of
      obligasi subordinasi terakhir sekaligus jatuh                                      the subordinated bonds will be paid on maturity
      tempo akan dilakukan pada saat jatuh tempo                                         date, which due on May 28, 2025.
      obligasi subordinasi pada tanggal 28 Mei 2025.

      Pada tanggal 31 Desember 2023 dan 2022,                                            As of December 31, 2023 and 2022, the
      obligasi subordinasi yang dimiliki oleh pihak                                      subordinated bonds owned by related parties
      berelasi masing-masing sebesar Rp48.000 dan                                        amounted to Rp48,000 and Rp38,000
      Rp38.000 (Catatan 39).                                                             (Note 39), respectively.

      Penerbitan obligasi subordinasi tersebut untuk                                     The issuance of the subordinated bonds is to
      memenuhi ketentuan POJK No.14/POJK.03/                                             comply with the provisions of POJK
      2017 tanggal 4 April 2017 tentang Rencana                                          No.14/POJK.03/2017 dated April 4, 2017
      Aksi (Recovery Plan) Bagi Bank Sistemik.                                           concerning the Recovery Plan Report for
                                                                                         Systemic Bank.




                                                                              95
Page 452
PT BANK MEGA TBK                                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                     Unless Otherwise Stated)

24.   Beban yang Masih Harus Dibayar dan                                            24. Accrued Expenses and Other Liabilities
      Liabilitas Lain-Lain
                                                   2023                                                   2022
                                                Mata uang                                              Mata uang
                                                  asing/                                                 asing/
                                                 Foreign             Jumlah/                            Foreign          Jumlah/
                                Rupiah          currencies            Total            Rupiah          currencies         Total
      Kewajiban pembelian                                                                                                                           Obligation on
        surat berharga             178.790            34.529            213.319           100.753              19.030       119.783       securities purchased
      Liabilitas sewa               19.991                 --            19.991            23.720                   --       23.720               Lease liabilities
      Utang bunga                                                                                                                              Interest payables
        Pihak berelasi                                                                                                                         Related parties
          (Catatan 39)               3.765                95              3.860             2.076               1.699         3.775                 (Note 39)
        Pihak ketiga               179.744            21.793            201.537           157.972              16.778       174.750                Third parties
      Setoran jaminan                                                                                                                          Security deposits
        Pihak berelasi                                                                                                                         Related parties
        (Catatan 39)                     296             547                  843             1.218               554         1.772                 (Note 39)
        Pihak ketiga                   7.893              45                7.938             8.963           113.554       122.517                Third parties
      Beban yang masih
        harus dibayar                  1.326                 --             1.326             1.182                 --        1.182           Accrued expenses
      Estimasi kerugian                                                                                                                 Allowance for impairment
        komitmen dan                                                                                                                  losses on commitment and
        kontinjensi                    184              329                 513               363                 339           702              contingencies
      Lain-lain                    189.596            5.372             194.968           197.914               5.430       203.344                       Others
      Total                        581.585           62.710             644.295           494.161             157.384       651.545                         Total


      Mutasi cadangan kerugian penurunan nilai                                           Movement of allowance for impairment on
      atas komitmen dan kontinjensi                                                      losses of commitment and contingencies
                                                                            2023
                                               Stage 1            Stage 2           Stage 3           Total

      Saldo awal                                     702                    --                --          702                              Beginning balance
      Aset keuangan baru                               --                   --                --            --                           New financial assets
      Aset keuangan dihentikan                                                                                                 Financial assets derecognized
        pengakuannya atau dilunasi                                                                                                                or repaid
        (kecuali hapus buku)                           --                   --                --             --                          (exclude write-off)
      Pengukuran kembali                           (186)                    --                --         (186)                              Remeasurement
      Penghapusbukuan                                  --                   --                --             --                                    Written off
      Total perubahan tahun berjalan               (186)                    --                --         (186)                        Changes for the year
      Dampak valuta asing                             (3)                   --                --            (3)                            Foreign exchange
      Saldo akhir                                    513                    --                --           513                              Ending balance

                                                                            2022
                                               Stage 1            Stage 2           Stage 3           Total

      Saldo awal                                     420                    --                --          420                              Beginning balance
      Aset keuangan baru                               --                   --                --            --                           New financial assets
      Aset keuangan dihentikan                                                                                                 Financial assets derecognized
        pengakuannya atau dilunasi                                                                                                                or repaid
        (kecuali hapus buku)                           --                   --                --            --                           (exclude write-off)
      Pengukuran kembali                             255                    --                --          255                               Remeasurement
      Penghapusbukuan                                  --                   --                --            --                                     Written off
      Total perubahan tahun berjalan                 255                    --                --          255                         Changes for the year
      Dampak valuta asing                             27                    --                --           27                              Foreign exchange
      Saldo akhir                                    702                    --                --          702                               Ending balance


      Informasi mengenai transaksi dengan pihak                                          Information on related parties transactions and
      berelasi dan jatuh tempo diungkapkan pada                                          maturities are disclosed in Notes 39 and 45e.
      Catatan 39 dan 45e.

25.   Modal Saham                                                                   25. Share Capital
      Susunan pemegang saham Bank berdasarkan                                            As of December 31, 2023 and 2022, the
      informasi yang diterima dari PT Datindo                                            composition of the Bank’s shareholders and
      Entrycom selaku Biro Administrasi Efek Bank                                        their respective shareholdings based on the
      pada tanggal 31 Desember 2023 dan 2022                                             report of PT Datindo Entrycom, the Bank’s
      adalah sebagai berikut:                                                            Share Administrative Bureau, is as follows:

                                                                            96
Page 453
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

                                                     31 Desember 2023/
                                                     December 31, 2023
                                     Jumlah              Persentase
                                     saham/              pemilikan/            Jumlah
                                     Number            Percentage of          nominal/
      Pemegang saham                of shares            ownership          Nominal value                       Shareholders

      PT Mega Corpora                6,812,223,614               58.02%           3,406,112                 PT Mega Corpora
      Publik - masing-masing                                                                                    Public - each
        di bawah 5%                  4,928,699,751               41.98%           2,464,350                      below 5%
      Total                         11,740,923,365              100.00%           5,870,462                             Total


                                                     31 Desember 2022/
                                                     December 31, 2022
                                     Jumlah              Persentase
                                     saham/              pemilikan/            Jumlah
                                     Number            Percentage of          nominal/
      Pemegang saham                of shares            ownership          Nominal value                       Shareholders
      PT Mega Corpora                6,811,830,514               58.02%           3,405,915                 PT Mega Corpora
      Publik - masing-masing                                                                                    Public - each
        di bawah 5%                  4,929,092,851               41.98%           2,464,547                      below 5%
      Total                         11,740,923,365              100.00%           5,870,462                             Total




26.   Tambahan Modal Disetor                                  26. Additional Paid-Up Capital

                                                      2023 dan 2022/
                                                      2023 and 2022

      Tambahan Modal disetor                                                                     Additional paid-up capital
      Penawaran Umum Perdana                                                                            Initial Public Offering
         Tahun 2000                                               78,750                                         Year 2000
      Kapitalisasi tambahan modal                                                                 Capitalization of additional
         disetor Tahun 2001                                     (69,526)                        paid-up capital Year 2001
      Dividen Saham Tahun 2001                                    35,436                          Stock Dividend Year 2001
      Penawaran Umum Terbatas I                                                                      Limited Public Offering I
         Tahun 2002                                              109,188                                         Year 2002
      Dividen Saham Tahun 2005                                   375,716                          Stock Dividend Year 2005
      Penawaran Umum Terbatas II                                                                    Limited Public Offering II
         Tahun 2006                                              400,109                                         Year 2006
      Kapitalisasi tambahan modal                                                                 Capitalization of additional
         disetor Tahun 2009                                     (777,890)                       paid-up capital Year 2009
      Dividen Saham Tahun 2011                                  1,370,959                         Stock Dividend Year 2011
      Saham bonus Tahun 2005                                    (141,035)                            Bonus share Year 2005
      Dividen Saham Tahun 2013                                  2,045,014                         Stock Dividend Year 2013
      Saham bonus Tahun 2013                                  (1,370,880)                            Bonus share Year 2013
      Dividen Saham Tahun 2022                                  6,342,598                         Stock Dividend Year 2022
      Saham bonus Tahun 2022                                  (2,043,868)                            Bonus share Year 2022
      Beban emisi efek ekuitas                                                                        Stock issuance costs
      Penawaran Umum Perdana                                                                             Initial Public Offering
        Tahun 2000                                                (9,223)                                         Year 2000
      Penawaran Umum Terbatas I                                                                      Limited Public Offering I
        Tahun 2002                                                (1,430)                                         Year 2002
      Selisih nilai transaksi                                                                         Differences in values of
        kombinasi bisnis entitas                                                        business combination transaction
        sepengendali                                               3,573                 of entities under common contol
      Total                                                    6,347,491                                                  Total




                                                         97
Page 454
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

27.   Penggunaan      Laba Neto        dan   Cadangan         27. Appropriation of Net Income and General
      Umum                                                        Reserve

      Dalam Rapat Umum Pemegang Saham                             In the Bank’s Annual General Meeting of
      Tahunan Bank yang diselenggarakan pada                      Shareholders held on February 24, 2023,
      tanggal 24 Februari 2023, yang diaktakan                    which was notarized under Notarial Deed No.
      dengan Akta Notaris Dharma Akhyuzi, S.H.,                   07 by Dharma Akhyuzi, S.H., the shareholders
      No. 07, para pemegang saham setuju untuk                    agreed to declare cash dividends amounting to
      menetapkan pembagian dividen tunai sebesar                  Rp2,836,818 and also set the general reserves
      Rp2.836.818 dan juga menetapkan dana                        amounting to Rp77 to comply with Article 70 of
      cadangan umum sebesar Rp77 untuk                            Limited Liability Company Law.
      memenuhi ketentuan Pasal 70 Undang-Undang
      Perseroan Terbatas.

      Dalam Rapat Umum Pemegang Saham                             In the Bank’s Annual General Meeting of
      Tahunan Bank yang diselenggarakan pada                      Shareholders held on February 25, 2022,
      tanggal 25 Februari 2022, yang diaktakan                    which was notarized under Notarial Deed No.
      dengan Akta Notaris Dharma Akhyuzi, S.H.,                   09 by Dharma Akhyuzi, S.H., the shareholders
      No. 09, para pemegang saham setuju untuk                    agreed to declare cash dividends amounting to
      menetapkan pembagian dividen tunai sebesar                  Rp2,800,000 and declared of 689,412,727
      Rp2.800.000 dan membagikan dividen saham                    shares of stock dividends which came from the
      sejumlah 689.412.727 saham yang berasal dari                capitalization of retained earnings at an
      kapitalisasi saldo laba maksimum sebesar                    amount not to exceed Rp6,687,304 with par
      Rp6.687.304 dengan harga sebesar nilai                      value of Rp500 (full amount) per share,
      nominal yaitu Rp500 (nilai penuh) setiap                    provided that any remaining fractional shares
      saham, dengan ketentuan apabila terdapat sisa               are returned to the Bank, and also set the
      pecahan saham akibat pembagian berdasarkan                  general reserves amounting to Rp52 to comply
      rasio tersebut maka sisa pecahan tersebut                   with Article 70 of Limited Liability Company
      dikembalikan kepada Bank, dan juga                          Law.
      menetapkan dana cadangan umum sebesar
      Rp52 untuk memenuhi ketentuan Pasal 70
      Undang-Undang Perseroan Terbatas.

      Bank telah membentuk cadangan umum                          The Bank set-up a general reserves totalling
      dengan    jumlah   masing-masing    sebesar                 Rp1,716 and Rp1,639 as of December 31,
      Rp1.716 dan 1.639 pada tanggal 31 Desember                  2023 and 2022, respectively, in accordance
      2023 dan 2022, sesuai dengan Undang-                        with the Indonesian Limited Company Law No.
      undang No. 40 tahun 2007 mengenai                           40, year 2007 which requires companies to set
      Perseroan Terbatas, yang mengharuskan                       up a general reserve amounting to at least
      perusahaan-perusahaan     untuk    membuat                  20% of the issued and fully paid share capital.
      cadangan umum sebesar sekurang-kurangnya                    The regulation did not set period of time over
      20% dari jumlah modal yang ditempatkan dan                  which this amount should be provided.
      disetor penuh. Undang-undang tersebut tidak
      mengatur jangka waktu untuk pembentukan
      cadangan tersebut.

28.   Pendapatan Bunga                                        28. Interest Income

                                                2023                2022
      Kredit yang diberikan                       7,698,982           6,512,275                               Loans
      Efek-efek                                   2,383,767           2,413,220                            Securities
      Penempatan pada Bank Indonesia                                                  Placements with Bank Indonesia
        dan bank lain                               131,145             143,145                   and other banks
      Lain-lain                                       3,638                 417                               Others
      Total                                      10,217,532           9,069,057                                Total




                                                        98
Page 455
PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

      Untuk tahun yang berakhir pada tanggal 31                    For the years ended December 31, 2023 and
      Desember 2023 dan 2022, jumlah pendapatan                    2022, total interest income calculated using the
      bunga yang dihitung dengan menggunakan                       effective interest method derived from financial
      metode suku bunga efektif yang berasal dari                  assets classified as amortized cost amounted
      aset keuangan yang diklasifikasikan sebagai                  to Rp7,833,765 and Rp6,655,837, respectively.
      biaya perolehan yang diamortisasi masing-
      masing     sebesar    Rp7.833.765      dan
      Rp6.655.837.

      Untuk tahun yang berakhir pada tanggal 31                    For the years ended December 31, 2023 and
      Desember 2023 dan 2022, jumlah pendapatan                    2022, total interest income from related parties
      bunga dari pihak berelasi masing-masing                      amounted to Rp101,022 and Rp82,508,
      sebesar      Rp101.022   dan     Rp82.508                    respectively (Note 39).
      (Catatan 39).


29.   Beban Bunga                                              29. Interest Expense

                                                2023                 2022
      Simpanan dari nasabah                                                                   Deposits from customers
        Deposito berjangka                        3,447,478            2,218,978                       Time deposits
        Giro                                        287,992              147,950                   Current accounts
        Tabungan                                    181,926              146,799                     Saving deposits
      Simpanan dari bank lain                       566,890              486,132             Deposits from other banks
      Obligasi subordinasi                            4,500                4,500                  Subordinated bonds
      Beban pembiayaan lainnya                      196,601              195,572               Other financing charges
      Total                                       4,685,387            3,199,931                                  Total


      Untuk tahun yang berakhir pada tanggal 31                    For the years ended December 31, 2023 and
      Desember 2023 dan 2022, jumlah beban                         2022, total interest expense from related
      bunga dari pihak berelasi masing-masing                      parties amounted to Rp46,167 and Rp69,702,
      sebesar Rp46.167 dan Rp69.702 (Catatan 39).                  respectively (Note 39).

      Sehubungan dengan liabilitas bank umum yang                  In connection with the commercial bank
      dijamin oleh Program Penjaminan Pemerintah,                  obligations     guaranteed    by   Government
      Pemerintah     Republik     Indonesia      telah             Guarantee        Program,    the    Indonesian
      mendirikan, sebuah lembaga independen                        Government has established an independent
      berdasarkan      Undang-Undang          Republik             institution in accordance with the Republic of
      Indonesia No. 24 tahun 2004 tanggal 22                       Indonesia Law No. 24 year 2004 dated
      September 2004. Berdasarkan peraturan ini,                   September 22, 2004. Under this Law, The
      Lembaga Penjamin Simpanan (LPS) menjamin                     Deposit Guarantee Institution (Lembaga
      dana masyarakat termasuk dana dari bank lain                 Penjamin Simpanan/LPS), guarantees third
      dalam bentuk giro, deposito, sertifikat deposito,            parties deposits including deposits from other
      tabungan dan/atau bentuk lainnya yang                        banks in the form of demand deposits, time
      dipersamakan dengan itu.                                     deposits, certificates of deposit, saving
                                                                   deposits and/or other equivalent forms.

      Pada tanggal 13 Oktober 2008, Presiden                       On October 13, 2008, the President of the
      Republik Indonesia menetapkan Peraturan                      Republic of Indonesia approved Government
      Pemerintah No. 66 Tahun 2008 tentang                         Regulation No. 66 Year 2008 regarding the
      besaran nilai simpanan yang dijamin LPS.                     amount of deposits guaranteed by LPS. Based
      Berdasarkan peraturan tersebut, nilai simpanan               on such regulation, the customers’ guaranteed
      yang dijamin untuk setiap nasabah pada satu                  deposit in a Bank which was previously
      Bank yang semula berdasarkan Undang-                         regulated under Law No. 24 Year 2004
      undang No. 24 Tahun 2004 ditetapkan                          amounted to a maximum of Rp100,000,000
      maksimum Rp100.000.000 (nilai penuh) diubah                  (full amount) was amended to a maximum of


                                                          99
Page 456
PT BANK MEGA TBK                                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                               Unless Otherwise Stated)

      menjadi maksimum Rp2.000.000.000 (nilai                         Rp2,000,000,000 (full amount). As of
      penuh). Pada tanggal 31 Desember 2023 dan                       December 31, 2023 and 2022, Bank was a
      2022, Bank adalah peserta dari program                          participant of above guarantee program.
      penjaminan tersebut.

      Bank telah melakukan pembayaran premi                           The Bank has paid the premium on the
      Program Penjaminan Pemerintah Terhadap                          Government Guarantee Program for Obligation
      Kewajiban Pembayaran Bank Umum masing-                          of Commercial Banks amounting to Rp196,601
      masing sebesar Rp196.601 dan Rp195.572                          and Rp195,572 for the year ended in 2023 and
      untuk tahun 2023 dan 2022 yang dicatat                          2022, respectively, which was recorded as
      sebagai beban pembiayaan lainnya.                               other financing charges.


30.   Pendapatan Provisi dan Komisi - Neto                        30. Fees and Commissions Income - Net

                                                   2023                 2022
      Pendapatan provisi dan komisi:                                                         Provision and commissions income:
        Komisi dari kartu debit dan kartu kredit     1,224,610           1,163,614         Commissions from debit and credit cards
        Komisi dari kredit                             185,059             484,526                        Commissions from loan
        Pendapatan jasa administrasi                    95,362             104,888                            Administration fees
        Jasa kustodian dan wali amanat                  38,157              39,380              Custodian service and trusteeship
        Komisi atas jasa                                29,266              52,189                    Commissions from services
        Komisi dari perusahaan asuransi                 26,059              41,242         Commissions from insurance companies
        Komisi impor dan ekspor                          4,788              10,283           Commissions on imports and exports
        Penerimaan dari penalti                         10,324              10,082                                   Penalty fees
        Komisi jasa remittance                           6,582               7,059                                Remittance fees
        Jasa safe deposit box                            5,461               5,608                          Safe deposit box fees
        Komisi dari bank garansi                         3,268               3,672            Commissions from bank guarantees
        Lain-lain                                       42,975               2,686                                         Others
      Total                                          1,671,911           1,925,229                                           Total
      Beban provisi dan komisi                        (11,427)             (11,749)                 Fees and commissions expense
      Pendapatan provisi dan komisi - neto           1,660,484           1,913,480            Fees and commissions income - net


31.   Beban Cadangan Kerugian Penurunan Nilai                     31. Provision for Impairment Losses on
      Aset Keuangan dan Aset Non-Keuangan -                           Financial Assets and Non-Financial Assets
      Neto                                                            - Net

                                                   2023                 2022
      Aset keuangan                                                                                               Financial assets
      Kredit yang diberikan (Catatan 11k)             191,820                  148,757                          Loans (Note 11k)
      Penempatan pada Bank Indonesia                                                               Placement with Bank Indonesia
        dan bank lain (Catatan 7)                         3,373                       --               and other banks (Note 7)
      Giro pada bank lain                                                                         Current account with other bank
         (Catatan 6)                                         60                (1,137)                                 (Note 6)
      Tagihan akseptasi (Catatan 12)                       (64)                  (372)           Acceptance receivables (Note 12)
      Efek-efek (Catatan 8)                                (71)                   (54)                         Securities (Note 8)
      Komitmen dan kontinjensi                                                                     Commitment and contingencies
        (Catatan 24)                                    (186)                      256                                  (Note 24)
                                                      194,932                  147,450
      Aset non-keuangan                                                                                      Non-financial assets
      Agunan yang diambil alih (Catatan 14b)              386                      390               Foreclosed assets (Note 14b)
      Total                                           195,318                  147,840                                      Total




                                                          100
Page 457
PT BANK MEGA TBK                                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                               Unless Otherwise Stated)

32.   Beban Umum dan Administrasi                                 32. General and Administrative

                                                2023                    2022
      Beban usaha kartu kredit                         593,257             716,211         Credit card business expenses
      Penyusutan aset tetap                                                                    Depreciation of fixed assets
         (Catatan 13)                                  270,221             227,196                               (Note 13)
      Iklan dan promosi                                198,105             149,799             Advertising and promotions
      Outsource                                        189,576             187,292                                 Outsource
      Komunikasi                                        84,522              97,038                         Communication
      Pemeliharaan dan perbaikan                        79,776              65,275               Repairs and maintenance
                                                                                                               Levies by the
      Iuran Otoritas Jasa Keuangan                      67,780                 69,100        Financial Service Authority
      Listrik dan air                                   56,855                 56,073                  Electricity and water
      Penyusutan aset hak-guna                                                                              Depreciation of
         (Catatan 13)                                45,431                  47,547        right-of-use assets (Note 13)
      Transportasi                                   41,437                  38,510                          Transportation
      Pajak dan perizinan                            28,159                  16,679                     Taxes and licenses
      Sewa                                           24,177                  27,796                                     Rent
      Perlengkapan kantor                            19,671                  19,811                          Office supplies
      Asuransi                                        8,900                  11,346                                Insurance
      Perjalanan dinas                                8,655                   9,564                                Travelling
      Iuran ATM Bersama                               5,904                   7,420             ATM Bersama contribution
      Bank koresponden                                4,651                   4,093                   Corespondence bank
      Lain-lain                                      90,488                  95,750                                   Others
      Total                                       1,817,565               1,846,500                                    Total



33.   Beban Gaji dan Tunjangan Lainnya                            33. Salary Expenses and Other Allowances

      Beban gaji dan tunjangan lainnya terdiri dari:                  Salary expenses and other allowances consist
                                                                      of:

                                                2023                    2022
      Gaji dan upah                               1,190,246               1,101,471                    Salaries and wages
      Tunjangan makan dan transportasi               62,154                  61,669     Transportation and meal allowance
      Asuransi                                                                                                   Insurance
         Pihak berelasi (Catatan 39)                    25,822                 21,364         Related parties (Note 39)
         Pihak ketiga                                   62,081                 58,380                      Third parties
      Pendidikan dan pelatihan                          36,564                 36,663               Education and training
      Liabilitas imbalan pasca-kerja                                                     Post-employment benefits liability
         (Catatan 36)                                 8,160                   6,955                            (Note 36)
      Lain-lain                                      78,360                  72,251                                 Others
      Total                                       1,463,387               1,358,753                                   Total



34.   Pendapatan (Beban) Non-Operasional - Neto                   34. Non-Operating Income (Expenses) - Net

                                                2023                    2022
      Pendapatan non-operasional                         42,050              46,882                 Non-operating income
      Beban non-operasional                            (31,799)            (20,374)               Non-operating expenses
      Total                                              10,251              26,508                                 Total




                                                          101
Page 458
PT BANK MEGA TBK                                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)

35.   Komitmen dan Kontinjensi                                        35. Commitments and Contingencies

                                                     2023                    2022
      Komitmen                                                                                                 Commitments
      Tagihan Komitmen                                                                             Commitment Receivables
      Pembelian spot dan derivatif                                                                      Outstanding spot and
        yang masih berjalan                             3,769,058               2,574,238            derivatives purchased

      Liabilitas Komitmen                                                                            Commitment Liabilities
      L/C tidak dapat dibatalkan yang                                                                             Outstanding
        masih berjalan                                                                                      irrevocable L/C
        Pihak Berelasi (Catatan 39)                         (1,760)               (2,348)          Related Parties (Note 39)
        Pihak ketiga                                          (296)             (117,985)                       Third parties
      Penjualan spot dan derivatif                                                                       Outstanding spot and
        yang masih berjalan                           (6,421,647)             (4,156,594)                   derivatives sold
      Total Liabilitas Komitmen - neto                (2,654,645)             (1,702,689)    Total Commitment Liabilities - net
      Kontinjensi                                                                                             Contingencies
      Tagihan Kontinjensi                                                                            Contingent Receivables
      Pendapatan bunga dalam                                                                               Interest income on
        penyelesaian                                     260,533                 168,245              non-performing loans
      Liabilitas Kontinjensi                                                                           Contingent Liabilities
      Bank garansi                                                                                           Bank guarantees
        Pihak berelasi (Catatan 39)                     (129,727)               (130,029)          Related parties (Note 39)
        Pihak ketiga                                    (233,997)               (429,552)                       Third parties
      Total Liabilitas Kontinjensi - neto               (103,191)               (391,336)      Total Contingent Liabilities - net
      Liabilitas komitmen dan                                                                 Commitments and contingent
        kontinjensi - neto                            (2,757,836)             (2,094,025)                liabilities - net


      Jumlah fasilitas kredit (uncommitted) Bank                          The    Bank’s    unused    loan    facilities
      kepada nasabah yang belum digunakan pada                            (uncommitted) granted to customers as of
      tanggal 31 Desember 2023 dan 2022 adalah                            December 31, 2023 and 2022 amounted to
      masing-masing sebesar Rp29.282.348 dan                              Rp29,282,348 and Rp27,837,694, respectively.
      Rp27.837.694.


36.   Liabilitas Imbalan Pasca-Kerja                                  36. Post-Employment Benefits Liability

      Bank mengakui imbalan pasca-kerja (post-                            The Bank determines obligation for post-
      employment benefit) berdasarkan perhitungan                         employment benefits based on actuarial
      aktuaria yang dilakukan oleh aktuaris                               calculation performed by an independent
      independen, Kantor Konsultan Aktuaria V.                            actuary, Kantor Konsultan Aktuaria V. Agus
      Agus Basuki, berdasarkan laporannya masing-                         Basuki, based on its reports dated January 18,
      masing pada tanggal 18 Januari 2024 dan 10                          2024 and January 10, 2023, for 2023 and
      Januari 2023 untuk tahun 2023 dan 2022.                             2022, respectively. Obligation for post-
      Liabilitas imbalan pasti atas imbalan pasca-                        employment benefits are calculated using the
      kerja (post-employment benefit) tersebut                            “Projected Unit Credit” method with the
      dihitung    dengan     menggunakan   metode                         following significant assumptions:
      “Projected Unit Credit” dan asumsi-asumsi
      signifikan sebagai berikut:

                                                     2023                    2022
      Tingkat diskonto                               6.72%                   7.39%                             Discount rate
      Tingkat kenaikan upah (gaji) per tahun         5.00%                   5.00%             Annual wages (salary) increase
      Usia pensiun                               55 tahun/years          55 tahun/years                         Pension age
                                               Tabel TMI-IV-2019/      Tabel TMI-IV-2019/
      Tingkat kematian                          TMI-IV-2019 table       TMI-IV-2019 table                         Mortality rate




                                                              102
Page 459
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

     Beban yang diakui dalam laporan laba rugi dan           Expenses recognized in the statement of profit
     penghasilan komprehensif lain adalah sebagai            or loss and other comprehensive income were
     berikut:                                                as follows:

                                               2023            2022
     Beban jasa kini                                15,343           14,389                    Current service cost
     Beban bunga                                    12,764           13,764                       Interest expense
     Keuntungan atas kurtailmen                   (19,947)         (21,198)                        Curtailment gain
     Total (Catatan 33)                              8,160            6,955                        Total (Note 33)


     Rekonsiliasi perubahan liabilitas selama tahun          The movements of estimated post-employment
     berjalan yang diakui di laporan posisi keuangan         benefits liability in the statements of financial
     adalah sebagai berikut:                                 position are as follows:

                                               2023            2022
     Liabilitas pada awal tahun                    241,747         225,277             Liability at beginning of year
     Penambahan tahun                                                                             Addition during the
        berjalan (Catatan 33)                        8,160            6,955                         year (Note 33)
     Pembayaran selama tahun berjalan             (32,294)         (38,763)               Payment during the year
     Jumlah yang diakui di penghasilan                                            Total amount recognized in other
        komprehensif lainnya                        59,917          48,278               comprehensive income
     Liabilitas pada akhir tahun                   277,530         241,747                 Liability at end of year


     Mutasi nilai kini liabilitas imbalan kerja adalah       The movements in the present value of
     sebagai berikut:                                        liabilities for employee benefits are as follows:

                                               2023            2022
     Saldo pada awal tahun                        241,747          225,277            Balance at beginning of year
     Beban jasa kini                                15,343           14,389                     Current service cost
     Beban bunga                                    12,764           13,764                            Interest cost
     Kurtailmen dan penyelesaian                  (19,947)         (21,198)             Curtailment and settlement
     Manfaat yang dibayarkan                      (32,294)         (38,763)                             Benefit paid
     Kerugian pada kewajiban aktuaria:                                               Actuarial losses on obligation:
       Experience adjustment                        59,917          48,278               Experience adjustment
     Saldo pada akhir tahun                        277,530         241,747                Balance at end of year


     Mutasi kerugian aktuarial yang diakui sebagai           The movements in the balance of actuarial loss
     penghasilan komprehensif lain, bruto pajak              charged to other comprehensive income, gross
     tangguhan:                                              of deferred tax:

                                               2023            2022
     Saldo awal                                  (108,947)         (60,669)                    Beginning balance
     Kerugian aktuaria yang diakui                                                               Actuarial losses
       sebagai penghasilan                                                                    charged to other
       komprehensif lain                          (59,917)         (48,278)              comprehensive income
     Saldo akhir                                 (168,864)        (108,947)                     Ending balance




                                                      103
Page 460
PT BANK MEGA TBK                                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                Unless Otherwise Stated)

      Tabel berikut menunjukkan sensitivitas atas                                     The following table demonstrates the
      kemungkinan perubahan tingkat diskonto dan                                      sensitivity to a reasonably possible change in
      tingkat kenaikan gaji sebesar 1%, dengan                                        discount rates and salary increment rate
      variabel lain dianggap tetap, terhadap nilai kini                               amounting to 1%, with all other variables held
      liabilitas imbalan kerja karyawan:                                              constant, of the present value of employee
                                                                                      benefits liability:

                                                                 31 Desember/December 31, 2023
                                                  Tingkat Diskonto/                       Tingkat Kenaikan Gaji/
                                                    Discount Rate                         Salary Increment Rate
                                           Kenaikan/            Penurunan/          Kenaikan/             Penurunan/
                                           Increase              Decrease            Increase              Decrease

      Dampak pada agregat                                                                                                      Effect on the aggregate current
       beban jasa kini                              (585)                 637                   595                (556)                        service cost
      Dampak pada nilai kini liabilitas                                                                                             Effect on present value of
       imbalan kerja karyawan                     (6,178)                6,667                 6,267              (5,915)         employee benefits liability


                                                                 31 Desember/December 31, 2022
                                                  Tingkat Diskonto/                       Tingkat Kenaikan Gaji/
                                                    Discount Rate                         Salary Increment Rate
                                           Kenaikan/            Penurunan/          Kenaikan/             Penurunan/
                                           Increase              Decrease            Increase              Decrease
      Dampak pada agregat                                                                                                      Effect on the aggregate current
      beban jasa kini                               (428)                 458                   415                 (395)                         service cost
      Dampak pada nilai kini liabilitas                                                                                             Effect on present value of
      imbalan kerja karyawan                      (4,396)                4,650                 4,245              (4,092)           employee benefits liability



      Analisis jatuh tempo yang diharapkan dari                                       Expected maturity analysis of undiscounted
      imbalan paska-kerja yang tidak terdiskonto                                      postemployment benefit as of December 31,
      pada tanggal 31 Desember 2023 dan 2022                                          2023 and 2022 are as follows:
      adalah sebagai berikut:

                                                               2023                       2022
      Dalam waktu 12 bulan berikutnya                              131,858                    103,925                       Within the next 12 months
      Antara 2 sampai 5 tahun                                      181,247                    160,080                            Between 2 to 5 years
      Antara 5 sampai 10 tahun                                     222,237                    209,585                          Between 5 to 10 years
      Di atas 10 tahun                                           2,101,426                  1,865,066                                Beyond 10 years
      Total                                                      2,636,768                  2,338,656                                           Total



37.   Laba per Saham Dasar                                                       37. Basic Earnings per Share

      Laba per saham dihitung dengan membagi                                          Basic earnings per share is calculated by
      laba tahun berjalan yang tersedia bagi                                          dividing the income for the year attributable to
      pemegang saham dengan rata-rata tertimbang                                      shareholders by the weighted average number
      jumlah saham biasa yang beredar pada tahun                                      of outstanding common shares during the year.
      bersangkutan.

                                                                2023                    2022
      Laba tahun berjalan kepada                                                                                     Income for the year attributable to
        pemegang saham                                            3,510,670                4,052,678                                   shareholders
      Rata-rata tertimbang jumlah saham                                                                                   Weighted average number of
        biasa yang beredar                                  11,740,923,365           11,740,923,365                     outstanding common shares
      Laba per saham dasar (nilai penuh)                               299                      345           Basic earnings per share (full amount)




                                                                        104
Page 461
PT BANK MEGA TBK                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

38.   Segmen Operasi                                        38. Operating Segment

      Bank menganalisis segmen secara geografis                 The Bank performs geographical segment
      dimana manajemen menelaah laporan internal                analysis whereby management reviews
      manajemen secara bulanan untuk masing-                    monthly management internal report for each
      masing area. Berikut adalah ringkasan yang                area. The following summary describes each
      menjelaskan tiap-tiap area geografis Bank:                of the Bank’s geographical area:
      • Kantor Pusat terdiri dari Treasury, Card                • Head Office consists of Treasury, Card
         Center dan unit-unit fungsional dimana                     Center and other functional divisions,
         didalamnya     termasuk    aset,   liabilitas,             whereas it includes assets, liabilities,
         pendapatan dan beban yang tidak dapat                      income and expenses that cannot be
         dialokasikan.                                              allocated.
      • Wilayah Jakarta terdiri dari seluruh kantor             • Jakarta region consists of all branches and
         cabang dan kantor cabang pembantu di                       sub-branches in Jabodetabek and Banten
         Jabodetabek dan provinsi Banten.                           province.
      • Wilayah Bandung terdiri dari seluruh kantor             • Bandung region consists of all branches
         cabang dan kantor cabang pembantu di                       and sub-branches in West Java.
         provinsi Jawa Barat.
      • Wilayah Medan terdiri dari seluruh kantor               • Medan region consists of all branches and
         cabang dan kantor cabang pembantu di                     sub-branches in Sumatera and Batam.
         Sumatera dan Batam.
      • Wilayah Semarang terdiri dari seluruh                   • Semarang region consists of all branches
         kantor cabang dan kantor cabang pembantu                 and sub-branches in Central Java.
         di provinsi Jawa Tengah.
      • Wilayah Surabaya terdiri dari seluruh kantor            • Surabaya region consists of all branches
         cabang dan kantor cabang pembantu di                     and sub-branches in East Java, Bali and
         provinsi Jawa Timur, Bali dan Nusa                       Nusa Tenggara.
         Tenggara.
      • Wilayah Makassar terdiri dari seluruh kantor            • Makassar region consists of all branches
         cabang dan kantor cabang pembantu di                     and sub-branches in Sulawesi, Maluku and
         Sulawesi, Maluku dan Papua.                              Papua.
      • Wilayah Banjarmasin terdiri dari seluruh                • Banjarmasin region consists of all branches
         kantor cabang dan kantor cabang pembantu                 and sub-branches in Kalimantan.
         di Kalimantan.




                                                      105
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PT BANK MEGA TBK                                                                                                                                                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN (Lanjutan)                                                                                                                                               NOTES TO THE FINANCIAL STATEMENTS (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                                                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                                                                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                                                                                        Unless Otherwise Stated)
    Kinerja diukur berdasarkan laba segmen sebelum pajak penghasilan, seperti                                                                       Performance is measured based on segment profit before income tax, as
    yang disajikan di dalam laporan internal manajemen yang ditelaah oleh                                                                           included in the internal management reports that are reviewed by the
    manajemen Bank. Informasi mengenai hasil dari tiap area geografis disajikan                                                                     management of the Bank. Information regarding the results of each
    di bawah ini:                                                                                                                                   geographical area are included below:
                                                                                                             Tahun yang Berakhir pada tanggal 31 Desember/
                                                                                                                        Year ended December 31, 2023
                                                       Wilayah          Wilayah           Wilayah            Wilayah              Wilayah               Wilayah             Wilayah            Total
                                       Kantor          Jakarta/         Bandung/          Medan/            Semarang/            Surabaya/             Makassar/          Banjarmasin/        Segmen/
                                       Pusat/          Jakarta          Bandung           Medan             Semarang             Surabaya              Makassar           Banjarmasin          Total            Eliminasi/         Jumlah/
               Keterangan            Head Office       Region           Region            Region             Region               Region                Region              Region            Segment           Elimination         Total                   Description
    Pendapatan eksternal:                                                                                                                                                                                                                                        External revenue:
    Pendapatan bunga bersih               9,310,797      (2,799,641)        (202,690)        (272,200)             (9,849)            (236,134)            (127,627)            (130,511)        5,532,145                    --      5,532,145                 Net interest income
    Provisi dan komisi bersih             1,481,849          70,735           16,496            15,813             22,821                25,946               13,819               13,005        1,660,484                    --      1,660,484          Net fees and commissions
    Keuntungan penjualan                                                                                                                                                                                                                                            Gain on sale of
      efek-efek - neto                      481,060          27,802               4,485             6,922              3,052                6,023                 3,450               2,572        535,366                    --        535,366                   securities - net
    Pendapatan operasional lainnya           51,076          13,915               2,130             4,091              2,513                3,517                 1,473               2,038            80,753                 --            80,753          Other operating income
    Pendapatan antar-segmen               4,587,218       4,147,741          348,894           466,196            173,675              480,669               267,463             270,417        10,742,273         (10,742,273)                 --          Inter-segment revenue
    Beban antar-segmen                  (10,441,398)       (138,940)         (17,814)         (17,547)           (57,698)              (44,006)             (11,713)             (13,157)      (10,742,273)         10,742,273                  --         Inter-segment expenses
    Total pendapatan segmen               5,470,602       1,321,612          151,501           203,275            134,514              236,015               146,865             144,364         7,808,748                    --      7,808,748             Total segment revenue
    Beban operasional lainnya            (2,580,851)       (279,573)         (95,071)        (106,283)           (77,703)             (155,852)            (101,842)             (79,095)       (3,476,270)                   --     (3,476,270)          Other operating expense
    Laba operasi                          2,889,751       1,042,039           56,430            96,992             56,811                80,163               45,023               65,269        4,332,478                    --      4,332,478                  Operating income
    Pendapatan (beban)                                                                                                                                                                                                                                               Non-operating
      non-operasional                        13,682          (8,846)               308               840               1,191                1,465                 1,422                189             10,251                 --            10,251             income (expense)
    Total laba segmen                                                                                                                                                                                                                                         Reputable segment
      sebelum pajak                       2,903,433       1,033,193           56,738            97,832             58,002                81,628               46,445               65,458        4,342,729                    --      4,342,729               income before tax
    Aset segmen                         122,738,098      60,565,091         5,450,509        7,474,271          3,692,146             8,106,071            4,318,486            4,339,720      216,684,392         (84,634,801)     132,049,591         Reportable segment assets
    Liabilitas segmen                  (102,421,954)    (59,531,898)      (5,393,769)       (7,376,439)        (3,634,145)          (8,024,441)           (4,272,041)         (4,274,262)     (194,928,949)         84,634,801     (110,294,148)      Reportable segment liabilities
                                                                                                             Tahun yang Berakhir pada tanggal 31 Desember/
                                                                                                                        Year ended December 31, 2022
                                                       Wilayah          Wilayah           Wilayah            Wilayah              Wilayah               Wilayah             Wilayah            Total
                                       Kantor          Jakarta/         Bandung/          Medan/            Semarang/            Surabaya/             Makassar/          Banjarmasin/        Segmen/
                                       Pusat/          Jakarta          Bandung           Medan             Semarang             Surabaya              Makassar           Banjarmasin          Total             Eliminasi/        Jumlah/
               Keterangan            Head Office       Region            Region           Region             Region                Region               Region              Region            Segment           Elimination         Total                   Description
    Pendapatan eksternal:                                                                                                                                                                                                                                         External revenue:
    Pendapatan bunga bersih               8,155,868      (1,691,396)        (129,782)        (166,005)             51,402             (157,436)             (107,381)            (86,144)         5,869,126                   --       5,869,126                Net interest income
    Provisi dan komisi bersih             1,705,537           94,094          21,768            16,530             15,143                30,774               15,454               14,180         1,913,480                   --       1,913,480         Net fees and commissions
    Keuntungan penjualan                                                                                                                                                                                                                                             Gain on sale of
      efek-efek - neto                      377,479           27,736              2,396             7,736              2,245                5,223                 4,212               3,711        430,738                    --        430,738                    securities - net
    Pendapatan operasional lainnya          100,263           21,029              3,515             3,898              2,235                4,734                 2,496               3,141        141,311                    --        141,311             Other operating income
    Pendapatan antar-segmen               3,289,090        3,350,252         292,448           359,302            136,185               405,634              243,762              215,638         8,292,311         (8,292,311)                  --          Inter-segment revenue
    Beban antar-segmen                   (8,037,459)       (111,004)         (16,058)          (16,377)           (60,094)             (29,312)              (10,768)            (11,239)       (8,292,311)           8,292,311                  --        Inter-segment expenses
    Total pendapatan segmen               5,590,778        1,690,711         174,287           205,084            147,116               259,617              147,775              139,287         8,354,655                   --       8,354,655             Total segment revenue
    Beban operasional lainnya            (2,478,588)       (278,630)         (86,874)          (98,878)           (71,053)            (175,783)              (92,768)            (70,519)       (3,353,093)                   --     (3,353,093)           Other operating expense
    Laba operasi                          3,112,190        1,412,081          87,413           106,206             76,063                83,834               55,007               68,768         5,001,562                   --       5,001,562                  Operating income
    Pendapatan (beban)                                                                                                                                                                                                                                                Non-operating
      non-operasional                        21,879               272              351               671                149                 1,057                 1,842                 287            26,508                 --            26,508              income (expense)
    Total laba segmen                                                                                                                                                                                                                                          Reputable segment
      sebelum pajak                       3,134,069        1,412,353          87,764           106,877             76,212                84,891               56,849               69,055         5,028,070                   --       5,028,070              income before tax
    Aset segmen                         131,936,222      74,981,144         5,864,959        6,687,787          3,705,720             8,973,416            4,825,899            3,850,902       240,826,049        (99,075,600)     141,750,449         Reportable segment assets
    Liabilitas segmen                  (113,650,162)    (73,473,589)      (5,730,942)       (6,519,136)        (3,578,961)           (8,818,895)          (4,690,585)          (3,730,099)    (220,192,369)         99,075,600     (121,116,769)      Reportable segment liabilities
                                                                                                                                106
Page 463
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

      Eliminasi transaksi antar segmen usaha timbul               The elimination of intersegment transactions
      karena pelaporan segmen internal Bank                       arose because the Bank’s internal segment
      mengambil informasi segmen berdasarkan                      reporting captures segment information were
      setiap wilayah independen yang mungkin                      based on each independent regions which may
      mencakup transaksi antar segmen usaha                       include intersegment transaction such as
      seperti pinjaman ke segmen usaha yang lain.                 borrowings to another segment.


39.   Transaksi dengan Pihak Berelasi                         39. Transactions with Related Parties

      Rincian transaksi signifikan dengan pihak                   Details of significant transactions with related
      berelasi, kecuali yang menyangkut rahasia                   parties, except for transactions that are subject
      Bank, adalah sebagai berikut:                               to the Bank’s confidentiality policy, are as
                                                                  follows:

                                            Tahun yang Berakhir pada tanggal
                                                31 Desember/Year Ended
                                                   December 31, 2023
                                             Jumlah/           Persentase (%)/
                          Jenis               Total            Percentage (%)                      Type

      Giro pada bank lain (Catatan 6):                                            Current accounts with other banks (Note 6):
        PT Bank Pembangunan Daerah                                                          PT Bank Pembangunan Daerah
          Sulawesi Utara dan Gorontalo                 100             0.00008%            Sulawesi Utara dan Gorontalo
        PT Bank Pembangunan Daerah                                                          PT Bank Pembangunan Daerah
          Sulawesi Tengah                                4             0.00000%                         Sulawesi Tengah
      Total giro pada bank lain                        104             0.00008%       Total current accounts with other banks

      Efek-efek (Catatan 8):                                                                             Securities (Note 8):
        PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
          Sulawesi Utara dan Gorontalo             198,288             0.15020%            Sulawesi Utara dan Gorontalo

      Kredit yang diberikan (Catatan 11):                                                                   Loans (Note 11):
        PT Trans Kalla Makassar                    550,000             0.41651%                   PT Trans Kalla Makassar
        PT Duta Visual Nusantara TV 7              124,696             0.09443%             PT Duta Visual Nusantara TV 7
        PT Trans Retail Indonesia                   57,408             0.04347%                  PT Trans Retail Indonesia
        PT Trans Burger                              8,501             0.00644%                           PT Trans Burger
        PT Trans Coffee                              4,984             0.00377%                           PT Trans Coffee
        PT Trans Entertainment                     500,000             0.37865%                    PT Trans Entertainment
        Komisaris dan direksi perusahaan                                                    Commissioners and directors of
          berelasi dibawah Rp1 miliar                51,070            0.03867%      related companies below Rp1 billion
        Direksi dan karyawan kunci                    5,935            0.00449%               Directors and key employees
        Lain-lain - di bawah Rp1 miliar              15,998            0.01212%                  Others - below Rp1 billion
      Total kredit yang diberikan                 1,318,592            0.99856%                                   Total loans
      Aset lain-lain (Catatan 14):                                                                   Other assets (Note 14):
        PT Duta Visual Nusantara TV 7                3,138             0.00238%            PT Duta Visual Nusantara TV 7
        PT Bank Pembangunan Daerah                                                         PT Bank Pembangunan Daerah
          Sulawesi Utara dan Gorontalo               1,071             0.00081%            Sulawesi Utara dan Gorontalo
        PT Trans Retail Indonesia                    1,237             0.00094%                 PT Trans Retail Indonesia
        PT Para Bandung Propertindo                  2,045             0.00155%             PT Para Bandung Propertindo
        PT Trans Entertainment                       1,659             0.00126%                   PT Trans Entertainment
        Lain-lain - di bawah Rp 1 miliar             6,601             0.00500%                 Others - below Rp1 billion
      Total aset lain-lain                          15,751             0.01193%                           Total other assets




                                                      107
Page 464
PT BANK MEGA TBK                                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                  Unless Otherwise Stated)

                                                   Tahun yang Berakhir pada tanggal
                                                       31 Desember/Year Ended
                                                          December 31, 2023
                                                    Jumlah/           Persentase (%)/
                           Jenis                     Total            Percentage (%)                   Type

     Transaksi surat berharga:                                                                            Securities transactions:
       Pembelian                                         3,731,813            7.24000%                                   Purchase
       Penjualan                                         7,304,962           13.09000%                                        Sale
     Giro (Catatan 16)                                     482,783            0.43770%                Current accounts (Note 16)
     Tabungan (Catatan 17)                                 113,643            0.10300%                 Saving deposits (Note 17)
     Deposito berjangka (Catatan 18)                     1,717,317            1.55700%                    Time deposits (Note 18)
     Simpanan dari bank lain (Catatan 19)                1,202,082            1.08990%      Deposits from other banks (Note 19)
     Obligasi subordinasi (Catatan 23)                      48,000            0.04350%            Subordinated bonds (Note 23)
     Beban yang masih harus dibayar dan                                                    Accrued expenses and other liabilities
       liabilitas lain-lain (Catatan 24)                    4,703             0.00430%                                 (Note 24)
     Pendapatan bunga (Catatan 28)                        101,022             0.98870%                  Interest income (Note 28)
     Beban bunga (Catatan 29)                              46,167             0.98530%               Interest expenses (Note 29)
     Beban asuransi kesehatan karyawan                                                              Employees health insurance
       PT Asuransi Umum Mega                               23,386             1.59810%              PT Asuransi Umum Mega
       PT PFI Mega Life Insurance                           2,436             0.16650%           PT PFI Mega Life Insurance
     Total beban asuransi kesehatan karyawan               25,822             1.76460%        Total employee’s health insurance
     Beban Iklan:                                                                                         Advertising expenses:
       PT Televisi Transformasi Indonesia                  96,443             5.34130%     PT Televisi Transformasi Indonesia
       PT Trans Digital Media                               3,917             0.21690%                 PT Trans Digital Media
       PT Duta Visual Nusantara TV 7                        4,662             0.25820%        PT Duta Visual Nusantara TV 7
       PT Trans News Corpora                                1,229             0.06810%                PT Trans News Corpora
       Lain-lain - di bawah Rp1 miliar                        367             0.02030%              Others - below Rp1 billion
     Total beban iklan                                    106,618             5.90480%               Total Advertising expenses
     Pendapatan sewa (Catatan 14a):                                                                    Rent income (Note 14a):
       PT Allo Bank Indonesia Tbk                           9,776            23.24850%            PT Allo Bank Indonesia Tbk
       PT Duta Visual Nusantara TV 7                        8,425            20.03570%         PT Duta Visual Nusantara TV 7
       PT Bank Mega Syariah                                 5,040            11.98570%                PT Bank Mega Syariah
       PT Asuransi Umum Mega                                4,106             9.76460%              PT Asuransi Umum Mega
       PT Mega Capital Sekuritas                            2,628             6.24970%             PT Mega Capital Sekuritas
       Lain-lain - di bawah Rp1 miliar                      3,125             7.43160%              Others - below Rp1 billion
     Total pendapatan sewa                                 33,100            78.71580%                        Total rent income
     Liabilitas komitmen - neto (Catatan 35):                                              Commitment liabilities - net (Note 35):
       PT Trans Retail Indonesia                            1,760             0.02740%            PT Trans Retail Indonesia
     Total liabilitas komitmen                              1,760             0.02740%             Total commitment liabilities
     Liabilitas kontinjensi - neto (Catatan 35):                                             Contingent liabilities - net (Note 35):
       PT Trans Retail Indonesia                           82,200            22.59955%              PT Trans Retail Indonesia
       PT Trans Fashion Indonesia                          41,419            11.38748%            PT Trans Fashion Indonesia
       PT Alfa Retailindo                                   5,477             1.50581%                       PT Alfa Retailindo
       Lain-lain - di bawah Rp1 miliar                        631             0.17348%              Others - below Rp1 billion
     Total liabilitas kontinjensi                         129,727            35.66633%                 Total contingent liabilities




                                                            108
Page 465
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

                                               Tahun yang Berakhir pada tanggal
                                                   31 Desember/Year Ended
                                                      December 31, 2022
                                                Jumlah/           Persentase (%)/
                         Jenis                   Total            Percentage (%)                      Type

     Giro pada bank lain (Catatan 6):                                                Current accounts with other banks (Note 6):
       PT Bank Pembangunan Daerah                                                              PT Bank Pembangunan Daerah
         Sulawesi Utara dan Gorontalo                     100             0.00007%            Sulawesi Utara dan Gorontalo
       PT Bank Pembangunan Daerah                                                              PT Bank Pembangunan Daerah
         Sulawesi Tengah                                    1             0.00000%                         Sulawesi Tengah
     Total giro pada bank lain                            101             0.00007%       Total current accounts with other banks

     Efek-efek (Catatan 8):                                                                                 Securities (Note 8):
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Sulawesi Utara dan Gorontalo                 192,200             0.13560%            Sulawesi Utara dan Gorontalo

     Kredit yang diberikan (Catatan 11):                                                                        Loans (Note 11):
       PT Trans Kalla Makassar                        521,144             0.36764%                      PT Trans Kalla Makassar
       PT Duta Visual Nusantara TV 7                  124,696             0.08797%               PT Duta Visual Nusantara TV 7
       PT Trans Retail Indonesia                      121,262             0.08555%                     PT Trans Retail Indonesia
       PT Mega Central Finance                         12,732             0.00898%                     PT Mega Central Finance
       PT Trans Burger                                  9,757             0.00688%                              PT Trans Burger
       PT Mega Auto Finance                             9,715             0.00685%                        PT Mega Auto Finance
       PT Trans Coffee                                  5,000             0.00353%                              PT Trans Coffee
       Komisaris dan direksi perusahaan                                                          Commissioners and directors of
         berelasi diatas Rp1 miliar                    54,315             0.03832%        related companies above Rp1 billion
       Direksi dan karyawan kunci                                                                   Directors and key employees
         diatas Rp1 miliar                              6,440             0.00454%                            above Rp1 billion
       Lain-lain - di bawah Rp1 miliar                 15,836             0.01117%                     Others - below Rp1 billion
     Total kredit yang diberikan                      880,897             0.62143%                                    Total loans
     Aset lain-lain (Catatan 14):                                                                       Other assets (Note 14):
       PT Duta Visual Nusantara TV 7                    3,980             0.00281%            PT Duta Visual Nusantara TV 7
       PT Bank Pembangunan Daerah                                                             PT Bank Pembangunan Daerah
         Sulawesi Utara dan Gorontalo                   1,083             0.00076%            Sulawesi Utara dan Gorontalo
       PT Trans Retail                                  1,039             0.00073%                            PT Trans Retail
       PT Para Bandung Propertindo                      1,037             0.00073%             PT Para Bandung Propertindo
       Lain-lain - di bawah Rp 1 miliar                 6,709             0.00474%                 Others - below Rp1 billion
     Total Aset lain-lain                              13,848             0.00977%                           Total Other assets
     Transaksi surat berharga:                                                                           Securities transactions:
     Pembelian                                       2,827,559            4.11000%                                      Purchase
     Penjualan                                       8,940,145           16.95000%                                           Sale
     Giro (Catatan 16)                                 470,942            0.38880%                   Current accounts (Note 16)
     Tabungan (Catatan 17)                             145,624            0.12020%                    Saving deposits (Note 17)
     Deposito berjangka (Catatan 18)                 1,827,590            1.50890%                       Time deposits (Note 18)
     Simpanan dari bank lain (Catatan 19)              568,738            0.46960%         Deposits from other banks (Note 19)
     Obligasi subordinasi (Catatan 23)                  38,000            0.03140%               Subordinated bonds (Note 23)
     Beban yang masih harus dibayar dan                  5,547            0.00460%        Accrued expenses and other liabilities
       liabilitas lain-lain (Catatan 24)                                                                              (Note 24)
     Pendapatan bunga (Catatan 28)                     82,508             0.90980%                     Interest income (Note 28)
     Beban bunga (Catatan 29)                          69,702             2.17820%                  Interest expenses (Note 29)
     Beban asuransi kesehatan karyawan:                                                           Employees health insurance:
       PT Asuransi Umum Mega                           19,464             1.43250%                 PT Asuransi Umum Mega
       PT PFI Mega Life Insurance                       1,900             0.13980%              PT PFI Mega Life Insurance
     Total beban asuransi kesehatan karyawan           21,364             1.57230%           Total employee’s health insurance
     Beban Iklan:                                                                                         Advertising expenses:
       PT Televisi Transformasi Indonesia              87,572             4.74260%         PT Televisi Transformasi Indonesia
       PT Trans Digital Media                          14,143             0.76590%                     PT Trans Digital Media
       PT Duta Visual Nusantara TV 7                    6,947             0.37620%            PT Duta Visual Nusantara TV 7
       PT Trans News Corpora                            1,159             0.06280%                    PT Trans News Corpora
       PT Trans Berita Bisnis                           1,016             0.05500%                      PT Trans Berita Bisnis
       Lain-lain - di bawah Rp1 miliar                    949             0.05140%                  Others - below Rp1 billion
     Total Beban iklan                                111,786             6.05390%                   Total Advertising expenses




                                                         109
Page 466
PT BANK MEGA TBK                                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)

                                                   Tahun yang Berakhir pada tanggal
                                                       31 Desember/Year Ended
                                                          December 31, 2022
                                                    Jumlah/           Persentase (%)/
                           Jenis                     Total            Percentage (%)                     Type

     Pendapatan sewa (Catatan 14a):                                                                       Rent income (Note 14a):
       PT Allo Bank Indonesia Tbk                          11,705             24.96690%              PT Allo Bank Indonesia Tbk
       PT Duta Visual Nusantara TV 7                        8,425             17.97060%           PT Duta Visual Nusantara TV 7
       PT Bank Mega Syariah                                 4,721             10.07000%                  PT Bank Mega Syariah
       PT Asuransi Umum Mega                                4,432              9.45350%                PT Asuransi Umum Mega
       PT Mega Capital Sekuritas                            2,900              6.18570%               PT Mega Capital Sekuritas
       Lain-lain - di bawah Rp1 miliar                      4,842             10.32810%                Others - below Rp1 billion
     Total pendapatan sewa                                 37,025             78.97490%                          Total rent income
     Liabilitas komitmen - neto (Catatan 35):                                                 Commitment liabilities - net (Note 35):
       PT Trans Retail Indonesia                             2,348             0.05490%              PT Trans Retail Indonesia
     Total liabilitas komitmen                               2,348             0.05490%               Total commitment liabilities
     Liabilitas kontinjensi - neto (Catatan 35):                                               Contingent liabilities - net (Note 35):
       PT Trans Retail Indonesia                           63,500             11.34778%               PT Trans Retail Indonesia
       PT Trans Fashion Indonesia                          59,439             10.62205%             PT Trans Fashion Indonesia
       PT Alfa Retailindo                                   5,537              0.98949%                        PT Alfa Retailindo
       Lain-lain - di bawah Rp1 miliar                      1,553              0.27753%               Others - below Rp1 billion
     Total liabilitas kontinjensi                         130,029             23.23685%                  Total contingent liabilities


     Keterangan:                                                        Description:
     a. Persentase dari giro pada bank lain,                            a. Percentages of current account with other
         penempatan pada Bank Indonesia dan                                banks, placement with Bank Indonesia and
         bank lain, efek-efek, derivatif, kredit yang                      other banks, securities, derivative, loans,
         diberikan, tagihan akseptasi dan aset lain-                       acceptance receivable and other assets
         lain dihitung terhadap jumlah aset pada                           are computed based on total assets at
         masing-masing tanggal laporan posisi                              each statements of financial position date.
         keuangan.
     b. Persentase dari giro, tabungan, deposito                        b.    Percentages of demand deposits, saving
         berjangka, simpanan dari bank lain, beban                            deposits, time deposits, deposits from
         yang masih harus dibayar dan liabilitas                              other banks, accrued expenses and other
         lain-lain dihitung terhadap jumlah liabilitas                        liabilities are computed based on total
         pada masing-masing tanggal laporan posisi                            liabilities at each statements of financial
         keuangan.                                                            position date.
     c. Persentase        dari  pendapatan      bunga                   c.    Percentages of interest income are
         dihitung terhadap jumlah pendapatan                                  computed based on total interest income
         bunga untuk masing-masing tahun yang                                 for each related year.
         bersangkutan.
     d. Persentase dari beban bunga dihitung                            d.    Percentages of interest expenses are
         terhadap jumlah beban bunga dan                                      computed based on total interest expenses
         pembiayaan lainnya untuk masing-masing                               and other financing charges for each
         tahun yang bersangkutan.                                             related year.
     e. Persentase dari beban asuransi kesehatan                        e.    Percentages     of   employee’s     health
         karyawan dihitung terhadap jumlah beban                              insurance expense are computed based
         karyawan untuk masing-masing tahun yang                              on total personnel expenses for each
         bersangkutan.                                                        related year.
     f. Persentase dari pendapatan sewa dihitung                        f.    Percentages of rent income are computed
         terhadap       jumlah   pendapatan      non-                         based on total non-operating income for
         operasional untuk masing-masing tahun                                each related year.
         yang bersangkutan.
     g. Persentase dari beban iklan dihitung                            g.    Percentages of advertising expense are
         terhadap jumlah beban umum dan                                       computed based on total general and
         administrasi untuk masing-masing tahun                               administrative expense for each related
         yang bersangkutan.                                                   year.




                                                             110
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PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

     h.   Persentase dari pembelian/penjualan surat      h.    Percentages of purchase/sale of securities
          berharga    dihitung    terhadap     total           are     computed    based     on     total
          pembelian/penjualan    surat    berharga             purchase/sale of marketable securities
          selama tahun berjalan.                               during the year.

     Pada tanggal 6 Juni 2022, PT Bank Mega Tbk          On June 6, 2022, PT Bank Mega Tbk (”Bank”)
     (“Bank”) telah menandatangani Perjanjian            entered into Assets and Liabilities Transfer
     Pengalihan Aset dan Liabilitas dengan PT Allo       Agreement with PT Allo Bank Indonesia Tbk
     Bank Indonesia Tbk (“Allo Bank”) dimana Allo        (”Allo Bank”) whereas Allo Bank transferred its
     Bank mengalihkan aset dan liabilitas pihak          third party assets and liabilities to the Bank
     ketiga kepada Bank dengan total nilai aset          with total transferred assets amounting to
     yang di transfer sebesar Rp908.131 yang terdiri     Rp908,131 which consisted of loans amounted
     dari kredit sebesar Rp698.093, agunan yang          to Rp698,093, foreclosed assets (AYDA)
     diambil alih (AYDA) sebesar Rp175.356, aset         amounted to Rp175,356, fixed assets and
     tetap dan inventaris kantor sebesar Rp19.979        office supplies amounted to Rp19,979 and
     dan properti terbengkalai sebesar Rp14.703.         abandoned properties amounted to Rp14,703.
     Sedangkan untuk total nilai liabilitas yang         Meanwhile, the total transferred liabilities
     dialihkan sebesar Rp566.294 yang terdiri dari       amounting to Rp566,294 which consisted of
     giro sebesar Rp43.022, tabungan sebesar             demand deposits amounted to Rp43,022,
     Rp48.433 dan deposito (termasuk bunga yang          savings amounted to Rp48,433 and deposits
     masih harus dibayar) sebesar Rp474.839. Nilai       (including accrued interest) amounted to
     pengalihan tersebut telah mendapat pendapat         Rp474,839. The transfer amount has obtained
     kewajaran dari Kantor Jasa Penilai Publik Toto      fairness opinion from Public Appraisal Office
     Suharto dan Rekan (“KJPP”) yang dalam               Toto Suharto dan Rekan (”KJPP”) in Fairness
     Laporan           Pendapat          Kewajaran       Opinion      Report    No.       00148/2.0055-
     No.     00148/2.0055-00/BS/07/0060/1/IV/2022        00/BS/07/0060/1/IV/2022 dated April 12, 2022.
     tertanggal 12 April 2022.

     Sifat hubungan dengan pihak berelasi :              The nature of relationship with related parties :

     1. Hubungan kepemilikan/pemegang saham yang sama/Related due to the same ownership share
        holders
        • PT Televisi Transformasi Indonesia
        • PT Duta Visual Nusantara TV 7
        • PT Para Bandung Propertindo
        • PT Mega Capital Sekuritas
        • PT Bank Mega Syariah
        • PT Asuransi Umum Mega
        • PT Mega Corpora
        • PT Trans Property
        • PT Trans Corpora
        • PT CT Corpora
        • PT Batam Indah Investindo
        • PT Trans Coffee
        • PT Mega Central Finance
        • PT Anta Express Tour & Travel Service Tbk
        • PT Trans Airways
        • PT Trans Media Corpora
        • PT Trans Rekan Media
        • PT Trans Entertainment
        • PT Trans Fashion Indonesia
        • PT Trans Lifestyle
        • PT Para Inti Energy
        • PT Para Energy Investindo
        • PT Trans Kalla Makassar

                                                   111
Page 468
PT BANK MEGA TBK                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)

       •   PT Trans Studio
       •   PT Trans Ice
       •   PT Mega Auto Finance
       •   PT Para Bali Propertindo
       •   PT Mega Indah Propertindo
       •   PT CT Agro
       •   PT Kaltim CT Agro
       •   PT Kalbar CT Agro
       •   PT Kalteng CT Agro
       •   PT Metropolitan Retailmart
       •   PT Mega Finance
       •   PT Mega Asset Management
       •   PT PFI Mega Life Insurance
       •   PT Perkebunan Indonesia Lestari
       •   PT Perkebunan Inti Indonesia
       •   PT Vaya Tour
       •   PT Trans Digital Media
       •   PT Trans Mart
       •   PT Trans Grosir Indonesia
       •   PT Trans Retail Indonesia
       •   PT Bank Pembangunan Daerah Sulawesi Utara dan Gorontalo
       •   PT Arah Tumata
       •   PT Dian Abdi Nusa
       •   PT Wahana Kutai Kencana
       •   PT Trans Estate
       •   PT Trans Studio Balikpapan
       •   PT Trans Studio Jakarta
       •   PT Mega Indah Realty Development
       •   PT Rekreasindo Nusantara
       •   PT Bank Pembangunan Daerah Sulawesi Tengah
       •   PT Para Rekan Investama
       •   PT Trans E Produksi
       •   PT Indonusa Telemedia
       •   PT Trans News Corpora
       •   PT Detik Ini Juga
       •   PT Tama Komunika Persada
       •   PT Detik TV Indonesia
       •   PT Trans Burger
       •   PT Alfa Retailindo
       •   PT Trans Rekreasindo
       •   PT Trans Ritel Properti
       •   PT Trans Distributor
       •   PT Trans Importir
       •   PT Trans Indo Distributor
       •   PT Trans Indo Treding
       •   PT Trans Indo Importir
       •   PT Trans Living Indonesia
       •   PT Transindo Digital Ritel
       •   PT Garuda Indonesia (Persero) Tbk
       •   PT Katingan Agro Resources
       •   PT CT Agro Sukabumi
       •   PT CT Global Resources
       •   PT Lembah Sawit Subur 2


                                               112
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PT BANK MEGA TBK                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)

       •   PT Lembah Sawit Subur 3
       •   PT Trans Visi Media
       •   PT Mega Capital Investama
       •   PT Metro Outlet Indonesia
       •   PT Trans F&B
       •   PT Trans Retail
       •   PT Trans Studio Semarang
       •   PT Trans Fashion
       •   PT Trans Properti Indonesia
       •   PT Trans Studio BSD
       •   PT CT Corp Infrastruktur Indonesia
       •   PT Trans Cibubur Property
       •   PT Trans Realty Development
       •   PT Citra Bangun Sarana
       •   PT Karya Tumbuh Bersama Indo
       •   PT Trans Food Oriental
       •   PT Trans Media Sosial
       •   PT Trans Berita Bisnis
       •   PT Trans Rasa Oriental
       •   PT Trans Rasa Nippon
       •   PT Trans Rasa Bali
       •   PT Trans Pizza Resto
       •   PT Manajemen Data Corpora
       •   PT Beautinesia Media Nusantara
       •   PT Daily Dinamika Kreasi
       •   PT Multi Citra Abadi
       •   PT Mahkota Dhuharifqi Mandiri Wisata
       •   PT Sistem Pembayaran Digital
       •   PT Vaya Micetama Servindo
       •   PT Vaya Transport
       •   PT Yatra Pratama Orient
       •   PT Ekosistem Kreatif Indonesia
       •   PT Allo Bank Indonesia Tbk
       •   PT Vision Cinema Indonesia
       •   PT Vision Internet Indonesia
       •   PT Trans Properti Manajemen
       •   PT Private Investment Indonesia
       •   PT Pelabuhan Patimban International
       •   PT Allo Fresh Indonesia
       •   PT Trans TV Aceh
       •   PT Trans TV Ambon Ternate
       •   PT Trans TV Balikpapan
       •   PT Trans TV Batam Kendari
       •   PT Trans TV Bengkulu Jember
       •   PT Trans TV Bukittinggi Gorontalo
       •   PT Trans TV Cirebon Kediri
       •   PT Trans TV Denpasar Banjarmasin
       •   PT Trans TV Jambi Lampung
       •   PT Trans TV Jayapura Surabaya
       •   PT Trans TV Madiun Garut
       •   PT Trans TV Manokwari Kendari
       •   PT Trans TV Mataram Samarinda
       •   PT Trans TV Medan Palembang


                                                  113
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PT BANK MEGA TBK                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)

       •   PT Trans TV Palangkaraya Palu
       •   PT Trans TV Pekanbaru Padang
       •   PT Trans TV Pontianak Manado
       •   PT Trans TV Semarang Makassar
       •   PT Trans TV Purwokerto Situbondo
       •   PT Trans TV Sukabumi Mamuju
       •   PT Trans TV Sumedang Pangkal Pinang
       •   PT Trans TV Tegal Malang
       •   PT Trans TIVI Banten Kaltara
       •   PT Trans TV Yogyakarta Bandung
       •   PT Detik TIVI Satu
       •   PT Detik TIVI Dua
       •   PT Detik TIVI Tiga
       •   PT Detik TIVI Empat
       •   PT Detik TIVI Lima
       •   PT Detik TIVI Enam
       •   PT Detik TIVI Tujuh
       •   PT Detik TIVI Delapan
       •   PT Detik TIVI Sembilan
       •   PT Detik TIVI Sepuluh
       •   PT Detik TIVI Sebelas
       •   PT Detik TIVI Dua Belas
       •   PT Detik TIVI Tujuh Belas
       •   PT Trans Berita Bisnis Satu
       •   PT Trans Berita Bisnis Dua
       •   PT Trans Berita Bisnis Empat
       •   PT Trans Berita Bisnis Lima
       •   PT Trans Berita Bisnis Tujuh
       •   PT Trans Berita Bisnis Delapan Belas
       •   PT Trans Rekan Nusantara 1
       •   PT Trans Rekan Nusantara 2
       •   PT Trans Rekan Nusantara 3
       •   PT Trans Rekan Nusantara 4
       •   PT Trans Rekan Nusantara 5
       •   PT Trans Rekan Nusantara 6
       •   PT Trans Rekan Nusantara 7
       •   PT Trans Rekan Nusantara 8
       •   PT Trans Rekan Nusantara 9
       •   PT Trans Rekan Nusantara Sepuluh
       •   PT Trans Rekan Nusantara Sebelas
       •   PT Trans Rekan Nusantara Dua belas
       •   PT Trans Rekan Nusantara Tiga belas
       •   PT Trans Rekan Nusantara Empat belas
       •   PT Trans Rekan Nusantara Lima Belas
       •   PT Transrekan Nusantara Enam belas
       •   PT Trans Media Nusantara 1
       •   PT Trans Media Nusantara 2
       •   PT Trans Media Nusantara 3
       •   PT Trans Media Nusantara 4
       •   PT Trans Media Nusantara 5
       •   PT Trans Media Nusantara 6
       •   PT Trans Media Nusantara 7
       •   PT Trans7 Tanah Datar Sukabumi


                                                  114
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PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

       •   PT Trans7 Yogyakarta Bandung
       •   PT Trans7 Balikpapan Palangkaraya
       •   PT Trans7 Aceh
       •   PT Trans7 Cirebon Kediri
       •   PT Trans7 Denpasar Banjarmasin
       •   PT Trans7 Purwokerto Jember
       •   PT Trans7 Lampung Pekanbaru
       •   PT Trans7 Bengkulu Jambi
       •   PT Trans7 Surabaya Manado
       •   PT Trans7 Tegal Malang
       •   PT Trans Impor Indonesia
       •   PT Trans Fashion Impor
       •   CT Global Finance PTe. Ltd
       •   Mintville Corporation
       •   Finegold Resources Ltd
       •   PT Trans Berita Bisnis Enam
       •   PT Trans Berita Bisnis Delapan
       •   PT Trans7 Banten Kaltara
       •   PT Trans7 Kendari Manokwari
       •   PT Trans7 Medan Palembang
       •   PT Trans7 Madiun Garut
       •   PT Trans7 Sumedang Situbondo
       •   PT Trans7 Pangkal Pinang Mamuju
       •   PT Trans7 Semarang Makassar
       •   PT Trans7 Padang Aceh
       •   PT Trans7 Ambon Ternate
       •   PT Trans7 Pontianak Samarinda
       •   PT Trans7 Palu Gorontalo
       •   PT Trans7 Kupang Jayapura
       •   PT Trans7 Batam Mataram
       •   PT Trans News Production
       •   Female Daily Pte. Ltd
       •   Global Air Pte. Ltd
       •   Pacific Air Holdings Ltd
       •   Czar Aviation (Bvi) Limited
       •   PT Bali Properti Developer
       •   PT Taman Hiburan Cibubur
       •   PT Taman Hiburan Bali
       •   PT Rekan Investama Indonesia
       •   PT Bank KB Bukopin Syariah
       •   Colink Assets Holding Limited
       •   CT-Corp Investments Singapore PTE Ltd
       •   PT Dharya Haddira Kartikatama
       •   Trans Fashion (Thailand) Company Limited
     2. Hubungan keluarga dekat pengendali/ Related to close family member of controller
        • PT Para Duta Bangsa
     3. Manajemen Kunci                                     3. Key Management
        Dalam menjalankan usahanya, Bank telah                 In the ordinary course of its business, the
        memberikan remunerasi, tunjangan dan                   Bank has given remuneration, other
        fasilitas lainnya kepada Direksi dan Dewan             allowances and benefits to Directors and
        Komisaris yang dicatat sebagai bagian dari             Board of Commissioners which were
        beban       gaji  dan   tunjangan    lainnya           recorded as part of salary expenses and
        (Catatan 33).                                          other allowances (Note 33).

                                                   115
Page 472
PT BANK MEGA TBK                                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                              Unless Otherwise Stated)

                                                        Tahun yang Berakhir pada tanggal 31 Desember/
                                                                Year Ended December 31, 2023
                                                                                  Tunjangan dan
                                                                                     fasilitas
                                                                                     lainnya/
                                         Jumlah kepala/       Remunerasi/        Other allowance        Jumlah/
                                           Headcount         Remuneration          and benefits          Total

           Manajemen kunci                                                                                                         Key management
           Dewan Direksi                               8               91,963                154              92,117              Board of Directors
           Dewan Komisaris                             5               38,144                131              38,275       Board of Commissioners
           Sub - total manajemen kunci                13              130,107                285             130,392    Sub - total key management

           Komite Audit                                2                  767                  29                 796              Audit Committee

           Total                                      15              130,874                314             131,188                          Total


                                                        Tahun yang Berakhir pada tanggal 31 Desember/
                                                                Year Ended December 31, 2022
                                                                                  Tunjangan dan
                                                                                     fasilitas
                                                                                     lainnya/
                                         Jumlah kepala/       Remunerasi/        Other allowance        Jumlah/
                                           Headcount         Remuneration          and benefits          Total

           Manajemen kunci                                                                                                         Key management
           Dewan Direksi                               7               58,222                 140             58,362              Board of Directors
           Dewan Komisaris                             4               28,961                 117             29,077       Board of Commissioners
           Sub - total manajemen kunci                11               87,183                 257             87,439    Sub - total key management

           Komite Audit                                2                  683                  29                 712              Audit Committee

           Total                                      13               87,866                 286             88,151                          Total



40.   Masalah Hukum                                                       40. Legal Matters

      Antara April 2009 sampai dengan Juli 2010,                                  Between April 2009 and July 2010, there was a
      telah terjadi pembobolan dana PT Elnusa Tbk                                 fraud case of PT Elnusa Tbk fund amounting to
      sebesar Rp111.000 dengan melibatkan oknum                                   Rp111,000 involving officers of the Bank and
      Bank maupun oknum PT Elnusa Tbk dan                                         also personnel of PT Elnusa Tbk and other
      pihak-pihak lainnya.                                                        parties.

      Terhadap kejadian tersebut telah menimbulkan                                The incident has led to the following cases:
      kasus-kasus sebagai berikut:

      a.   Kasus Tindak Pidana Korupsi                                            a.    The Corruption Case
           Dalam perkara tindak pidana korupsi pihak                                    In the criminal corruption case, the
           Kejaksaan,         berdasarkan          hasil                                Indonesian attorney, based on its
           penyidikannya, mengindikasikan adanya                                        investigation indicated that there is a fund
           korupsi dana PT Elnusa Tbk di Bank yang                                      corruption occured in Bank, involving the
           melibatkan oknum dari PT Elnusa Tbk                                          personnel from PT Elnusa Tbk itself.
           sendiri. Berdasarkan hasil pemeriksaan                                       Based on the investigation in the
           di tingkat Pengadilan Negeri, Pengadilan                                     Indonesian District Court, High Court and
           Tinggi dan di tingkat Kasasi terbukti bahwa                                  Court of Cassation, it was proven that this
           kasus ini adalah merupakan tindak pidana                                     current case is indeed a corruption. This
           korupsi. Kasus ini telah diproses hingga                                     case has been processed up to Indonesia
           tingkat Mahkamah Agung R.I. yang artinya                                     Supreme Court of Justice, which means
           terhadap      perkara      tersebut     telah                                this case has a fixed and binding power
           mempunyai kekuatan tetap dan mengikat                                        and because of that, the attorney must
           (final and binding) dan karenanya pihak                                      execute the final verdict regarding the
           Kejaksaan        wajib     untuk      segera                                 case.
           melaksanakan         (eksekusi)     terhadap
           keputusan tersebut.

           Keputusan tersebut diputuskan pada                                           The verdict was decided on August 29,
           tanggal 29 Agustus 2012 melalui Rapat                                        2012 through the Consultative Meeting of
           Permusyawaratan Mahkamah Agung R.I.,                                         Indonesia Supreme Court of Justice
           dimana    Mahkamah     Agung     telah                                       whereby the court decided and verdict all

                                                                    116
Page 473
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

          memutuskan dan menyatakan Para                        the defendants as guilty of violating the law
          Terdakwa bersalah melakukan perbuatan                 on corruption and were required to return
          melawan hukum berupa tindak pidana                    all the money to the State and PT Elnusa
          korupsi dan wajib untuk mengembalikan                 Tbk.
          dana (yang di korupsinya) kepada Negara
          cq PT Elnusa Tbk.

          Atas putusan tersebut Kejaksaan Negeri                Based on the verdict of district attorneys
          selaku      pihak       eksekutor/pelaksana           as the executor of the verdict, they must
          eksekusi, wajib menjalankan proses                    exercise the execution process to all the
          eksekusi terhadap seluruh barang atau                 material or money that had been
          harta kekayaan yang telah disita oleh                 confiscated by court which will be
          pengadilan untuk kemudian dilakukan                   auctioned whereby the proceeds therein
          pelelangan dan hasilnya masing-masing                 would be returned to the State and
          akan diserahkan kepada Negara cq                      PT Elnusa Tbk. If the confiscated material
          PT Elnusa Tbk. Apabila harta kekayaan                 is not enough to cover the corruption
          yang disita ternyata tidak mencukupi untuk            amount that need to be returned to PT
          mengembalikan dana PT Elnusa Tbk yang                 Elnusa Tbk, the court will seize and
          dikorupsi, maka pihak Kejaksaan akan                  confiscate all the property that are owned
          melakukan perampasan dan penyitaan                    by the defendant in order to return the fund
          terhadap seluruh harta kekayaan para                  that has been corrupted to the State and
          terdakwa/terpidana guna mengembalikan                 PT Elnusa Tbk.
          dana yang dikorupsinya tersebut kepada
          Negara cq PT Elnusa Tbk.

          Bahwa kemudian salah satu terdakwa                    Eventually, one of the defendant in
          dalam kasus tipikor yakni Santun                      corruption    case,    namely      Santun
          Nainggolan, telah mengajukan upaya                    Nainggolan, has submitted a legal effort of
          hukum Peninjauan Kembali kepada                       Judicial Review to Indonesia Supreme
          Mahkamah Agung R.I. terhadap putusan                  Court of Justice in response to the
          kasasi dalam perkara tipikor tersebut,                Cassation’s decision in the corruption
          Mahkamah Agung Republik Indonesia                     case, Indonesia Supreme Court of Justice
          pada tanggal 6 Januari 2016 telah                     on January 6, 2016 decided to decline the
          memutuskan     Menolak    Permohonan                  appeal of Judicial Review from Santun
          Peninjauan   Kembali   dari    Santun                 Nainggolan.
          Nainggolan.

          Sampai dengan tanggal penyelesaian                    Until the completion date of these financial
          laporan keuangan ini, tidak terdapat                  statements, there is no information update
          informasi baru terkait kasus tindak pidana            regarding this corruption case.
          korupsi ini.

     b.   Kasus Perdata                                   b.    Civil Case
          Bank telah menjadi pihak tergugat dalam               The Bank has been the defendant of the
          kasus perdata yang diajukan oleh                      civil case against PT Elnusa Tbk (the
          PT Elnusa Tbk (pihak penggugat), dimana               plaintiff), in which the plaintiff filed a case
          penggugat mengajukan gugatan perbuatan                against law towards the Bank due to an
          melawan hukum terhadap Bank karena                    indication of certification of deposit forgery
          adanya pemalsuan sertifikat deposito                  amounting to Rp111,000. On March 22,
          berjangka dengan gugatan material                     2012, the South Jakarta Disctrict Court of
          sebesar    Rp111.000.    Pada    tanggal              Justice granted the plaintiff charges and
          22 Maret 2012, Majelis Hakim Pengadilan               obligated the Bank to return the plaintiff’s
          Negeri Jakarta Selatan mengabulkan                    fund plus a certain amount of interest.
          sebagian     gugatan   penggugat    dan
          menghukum Bank untuk mengembalikan
          dana milik penggugat beserta sejumlah
          bunga tertentu.

                                                    117
Page 474
PT BANK MEGA TBK                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)

        Terkait dengan keputusan Pengadilan             In relation to the decision of the South
        Negeri Jakarta Selatan tersebut, Bank           Jakarta District Court, the Bank filed a
        telah mengajukan upaya hukum hingga             legal appeal up to judicial review to the
        peninjauan kembali ke Mahkamah Agung            Indonesia Supreme Court which resulted
        R.I. yang berakhir dengan penolakan dan         in rejection of the judicial review submitted
        guna mempertahankan haknya, Bank pada           by the Bank and to protect its right, the
        tanggal 19 September 2016 telah                 Bank, on September 19, 2016 had filed a
        mengajukan gugatan perlawanan melalui           tierce opposition through South Jakarta
        Pengadilan Negeri Jakarta Selatan atas          District Court against execution appeal
        permohonan eksekusi yang diajukan oleh          filed by PT Elnusa Tbk which has been
        PT Elnusa Tbk yang dilanjutkan dengan           followed by an appeal to the Jakarta High
        pengajuan banding ke Pengadilan Tinggi          Court, and is currently in the process of
        Jakarta, dan saat ini sedang dalam proses       cassation at the Indonesia Supreme Court
        kasasi    di   Mahkamah      Agung    R.I.      as stated in the Minutes of Statement of
        sebagaimana yang tertuang dalam Risalah         Cassation            Application         No.
        Pernyataan Permohonan Kasasi Nomor              162/Pdt.G/Plw/2016/PN.Jkt.Sel          dated
        162/Pdt.G/Plw/2016/PN.Jkt.Sel bertanggal        June 19, 2023 Jo. Minutes of Acceptance
        19 Juni 2023 Jo. Risalah Penerimaan             of Memorandum of Cassation No.
        Memori            Kasasi           Nomor        162/Pdt.G Plw/2016/PN.Jkt.Sel dated June
        162/Pdt.G/Plw/2016/PN.Jkt.Sel bertanggal        27, 2023.
        27 Juni 2023 .

        Pada tanggal 10 Mei 2017, melalui surat         On May 10, 2017, through letter No. W10-
        No. W10-U3/1882/Hk.02/5/2017 Perihal            U3/ 1882/Hk.02/5/2017 Regarding the
        Penundaan Lelang, Ketua Pengadilan              Postponed Auction, the Head of South
        Negeri Jakarta Selatan telah menunda            Jakarta District Court has postponed the
        pelaksanaan (eksekusi) lelang (hingga           execution of the auction (until further
        pemberitahuan lebih lanjut dari Pengadilan      notice from the South Jakarta District
        Negeri Jakarta Selatan) dikarenakan masih       Court) due to the ongoing tierce opposition
        adanya perkara perlawanan yang masih            and peaceful settlement effort.
        berjalan dan adanya upaya perdamaian
        yang sedang berlangsung.

        Bahwa      Mahkamah       Agung    dalam        The Supreme Court, in its decision
        putusannya terhadap perkara tipikor             towards the corruption case decided that
        menyatakan      bahwa     para  terpidana       the defendants were found guilty of
        dinyatakan bersalah telah melakukan             commiting unlawful action of corruption
        perbuatan melanggar hukum berupa tindak         and because of that, each of the
        pidana korupsi dan karenanya masing-            defendants      will  be    sentenced    to
        masing pelaku dihukum penjara sesuai            imprisonment which terms was parralel to
        dengan tingkat perbuatannya dan pada            level of action taken. At the same time, all
        saat yang bersamaan para terpidana wajib        the defendants must return and pay
        untuk mengembalikan dan membayar ganti          compensations to the State and PT Elnusa
        rugi/denda kepada Negara cq. PT Elnusa          Tbk. While in the civil case submitted by
        Tbk. Di lain pihak dalam perkara gugatan        PT Elnusa Tbk, the Bank is found guilty of
        perdata yang diajukan PT Elnusa Tbk,            committing unlawful action and is required
        Bank     dinyatakan    telah   melakukan        to pay the fine of Rp111,000 to PT Elnusa
        perbuatan melanggar hukum dan wajib             Tbk.
        untuk membayar kepada PT Elnusa Tbk
        sebesar Rp111.000.

        Pada 2017, Pengadilan Negeri Jakarta            In 2017, the South Jakarta District Court
        Selatan    telah  mengumumkan    akan           has announced that it will conduct an
        melakukan lelang terhadap obyek sita            auction against the object of confiscation,
        jaminan, akan tetapi kemudian sebelum           but then before the auction is held, the
        lelang dilaksanakan, Ketua Pengadilan           Head of South Jakarta District Court
        Negeri Jakarta Selatan mengeluarkan             issued a Stipulation to postpone the

                                                 118
Page 475
PT BANK MEGA TBK                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

          Penetapan menunda eksekusi lelang,                        execution of the auction, until the
          antara    lain  dengan    alasan masih                    settlement of the ongoing process of
          berjalannya proses Gugatan Perlawanan                     Resistance Lawsuit, as described above,
          sebagaimana diuraikan diatas hingga                       or peaceful settlement from both parties.
          selesai atau kedua belah pihak melakukan
          perdamaian atas kasus tersebut.

          Sehubungan dengan kasus di atas, Bank                     In relation to the case above, the Bank has
          memenuhi permintaan dari regulator antara                 received a request from regulator to,
          lain untuk membentuk dana cadangan                        among others, create an escrow account
          dalam escrow account sebesar Rp206.630                    amounting to Rp206,630 until the disputes
          sampai sengketa tersebut selesai (Catatan                 are settled (Note 14).
          14).


41.   Aset dan Liabilitas Moneter dalam Mata                41. Assets and Liabilities          Denominated           in
      Uang Asing                                                Foreign Currency

      Posisi aset (sebelum dikurangi dengan                     Monetary asset (before deducting the
      cadangan kerugian penurunan nilai) dan                    allowance for impairment losses) and liability
      liabilitas moneter dalam mata uang asing                  position denominated in foreign currencies are
      adalah sebagai berikut:                                   as follows:

                                             2023                 2022
      Aset                                                                                                      Assets
      Kas (Catatan 4)                            116,590             212,024                            Cash (Note 4)
      Giro pada Bank Indonesia                                                   Current accounts with Bank Indonesia
        (Catatan 5)                              461,910             636,711                                 (Note 5)
      Giro pada bank lain                                                                  Current accounts with other
        (Catatan 6)                              605,892             732,709                         banks (Note 6)
      Penempatan pada Bank Indonesia                                                  Placements with Bank Indonesia
        dan bank lain (Catatan 7)                      --           1,665,722              and other banks (Note 7)
      Efek-efek (Catatan 8)                      212,910              208,688                       Securities (Note 8)
      Tagihan derivatif (Catatan 10)              20,974               10,119         Derivatives receivable (Note 10)
      Kredit yang diberikan (Catatan 11)      10,889,335           12,324,578                         Loans (Note 11)
      Tagihan akseptasi (Catatan 12)                   --              53,031         Acceptance receivable (Note 12)
      Aset lain-lain (Catatan 14)                 62,856               46,906                  Other assets (Note 14)
      Total                                   12,370,467           15,890,488                                     Total
      Liabilitas                                                                                           Liabilities
      Liabilitas segera                             2,529                6,304           Obligations due immediately
      Simpanan dari nasabah                                                                   Deposit from customers
        (Catatan 16, 17 dan 18)               10,156,031           12,876,010                 (Notes 16, 17 and 18)
      Simpanan dari bank lain                                                              Deposits from other banks
        (Catatan 19)                             461,357             394,597                              (Note 19)
      Liabilitas derivatif (Catatan 10)           18,931              66,818          Derivatives payable (Note 10)
      Utang akseptasi (Catatan 12)                     --             53,031          Acceptance payable (Note 12)
      Beban yang masih harus
        dibayar dan liabilitas                                                                       Accrued expenses
        lain-lain (Catatan 24)                    62,710              157,384           and other liabilities (Note 24)
      Pinjaman diterima (Catatan 22)             692,865              856,213              Fund borrowings (Note 22)
      Total                                   11,394,423           14,410,357                                       Total
      Posisi aset (liabilitas) - neto            976,044            1,480,131        Asset (Liabilities) position - net




                                                    119
Page 476
PT BANK MEGA TBK                                                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                           Unless Otherwise Stated)

      Posisi Devisa Neto (“PDN”) Bank adalah                                                    The Bank’s Net Open Position (“NOP”) was as
      sebagai berikut:                                                                          follows:
                                                                         31 Desember/December 31, 2023
                                             Mata uang asing
                                           (dalam nilai penuh)/
                                           Foreign currencies
                                             (in full amount)                              Ekuivalen Rupiah/Equivalent in Rupiah
                                                                                                                             Posisi Devisa
                                                                                                                                 Neto/
                                        Aset/              Liabilitas/               Aset/              Liabilitas/            Net Open
                                       Assets              Liabilities              Assets              Liabilities            Position

      Dolar Amerika Serikat              933,156,369           941,456,794             14,367,809            14,495,610               127,801               United States Dollar
      Yen Jepang                       2,885,764,031         3,073,889,649                314,188               334,670                20,482                     Japanese Yen
      Dolar Singapura                      8,153,001             8,882,993                 95,197               103,721                 8,524                   Singapore Dollar
      Euro Eropa                           7,984,589             7,999,796                136,044               136,303                   259                    European Euro
      Dolar Hong Kong                      1,792,577             1,562,064                  3,533                 3,078                   455                 Hong Kong Dollar
      Dolar Selandia Baru                    200,682               370,327                  1,960                 3,616                 1,656               New Zealand Dollar
      Poundsterling Inggris                4,646,078             4,614,507                 91,187                90,567                   620        Great Britain Poundsterling
      Yuan China                           5,233,201             5,516,419                 11,356                11,971                   615                     Chinese Yuan
      Franc Swiss                             63,813                79,392                  1,168                 1,453                   285                       Swiss Franc
      Dolar Australia                     22,411,209            22,484,754                235,783               236,557                   774                   Australian Dollar
                                                                                       15,258,225            15,417,546               161,471
      Total Modal Tier I dan Tier II
        bulan Desember 2023, setelah                                                                                                            Total Tier I and Tier II Capital of
        dikurangi dengan modal                                                                                                                  December 2023 net of capital
        pengurang                                                                                                                  21,629,212                        deduction

      Rasio PDN                                                                                                                        0.75%                           NOP Ratio

                                                                         31 Desember/December 31, 2022
                                             Mata uang asing
                                           (dalam nilai penuh)/
                                           Foreign currencies
                                             (in full amount)                              Ekuivalen Rupiah/Equivalent in Rupiah
                                                                                                                             Posisi Devisa
                                                                                                                                 Neto/
                                        Aset/              Liabilitas/               Aset/              Liabilitas/            Net Open
                                       Assets              Liabilities              Assets              Liabilities            Position

      Dolar Amerika Serikat            1,127,463,056         1,127,847,266             17,551,781            17,557,762                 5,981               United States Dollar
      Yen Jepang                       1,370,255,697         1,455,678,373                161,430               171,493                10,063                      Japanese Yen
      Dolar Singapura                     10,458,313            10,934,022                121,242               126,757                 5,515                    Singapore Dollar
      Euro Eropa                          11,768,779            12,208,792                195,147               202,443                 7,296                     European Euro
      Dolar Hong Kong                      5,645,938             6,155,767                 11,272                12,290                 1,018                  Hong Kong Dollar
      Dolar Selandia Baru                    962,762               710,515                  9,484                 6,999                 2,485                New Zealand Dollar
      Poundsterling Inggris                6,457,514             6,538,189                121,311               122,827                 1,516         Great Britain Poundsterling
      Yuan China                          10,779,209             6,958,333                 24,134                15,579                 8,555                      Chinese Yuan
      Franc Swiss                            134,109               132,412                  2,257                 2,228                    29                        Swiss Franc
      Dolar Australia                     28,672,377            28,570,674                302,720               301,646                 1,074                    Australian Dollar
                                                                                       18,500,778            18,520,024                43,532
      Total Modal Tier I dan Tier II
        bulan Desember 2022, setelah                                                                                                            Total Tier I and Tier II Capital of
        dikurangi dengan modal                                                                                                                  December 2022 net of capital
        pengurang                                                                                                                  20,571,769                        deduction

      Rasio PDN                                                                                                                         0,21%                           NOP Ratio


      Berdasarkan peraturan BI mengenai PDN                                                     In accordance with BI regulation concerning
      sebagaimana telah direvisi melalui Peraturan                                              NOP as amended by BI Regulation No.
      BI No. 6/20/PBI/2004 pada tanggal 15 Juli                                                 6/20/PBI/2004 on July 15, 2004 and as further
      2004, yang terakhir diperbarui dengan                                                     amended by BI Regulation No. 12/10/PBI/2010
      Peraturan BI No. 12/10/PBI/2010 tanggal 1 Juli                                            dated July 1, 2010, the maximum NOP of
      2010, PDN bank setinggi-tingginya adalah 20%                                              banks should be at the most 20% of capital.
      dari modal. PDN merupakan jumlah absolut                                                  NOP represents an absolute amount arising
      dari selisih antara aset dan liabilitas dalam                                             from the differences between the assets and
      mata uang asing, baik yang terdapat di laporan                                            liabilities in foreign currencies in the
      posisi     keuangan     maupun        rekening                                            statements     of   financial   position and
      administratif. PDN Bank pada tanggal                                                      administrative accounts. The NOP of the Bank
      31 Desember 2023 dan 2022 telah memenuhi                                                  as of December 31, 2023 and 2022 is in
      ketentuan BI.                                                                             compliance with BI regulations.
42.   Kegiatan Wali Amanat                                                            42. Trusteeship Activities
      Bank       memperoleh        izin     untuk                                               The Bank was granted with the license to
      menyelenggarakan kegiatan usaha sebagai                                                   conduct trusteeship activity from BAPEPAM-
      wali amanat dari BAPEPAM-LK berdasarkan                                                   LK based on the decision letter No. 20/STTD-
      surat keputusan No. 20/STTD-WA/PM/2000                                                    WA/PM/2000 dated August 2, 2000. The
      pada tanggal 2 Agustus 2000. Jasa-jasa yang                                               services provided by the Bank as a trustee are
      dilakukan oleh Bank sebagai wali amanat                                                   as follows:
      adalah sebagai berikut:

                                                                                120
Page 477
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

      a.   Mewakili kepentingan pemegang obligasi             a.    Represents the bondholders in any court
           baik di dalam dan di luar pengadilan dalam               and outside the court on any legal actions
           melakukan tindakan hukum yang berkaitan                  that are related to the bondholders’
           dengan kepentingan pemegang obligasi;                    interest;
      b.   Menyampaikan informasi lengkap secara              b.    Submits complete information concerning
           terbuka mengenai kualifikasinya sebagai                  its qualification as Trustee in the
           Wali Amanat dalam prospektus;                            prospectus;
      c.   Memberikan laporan kepada Otoritas Jasa            c.    Reports directly to Financial Services
           Keuangan, Bursa Efek dan pemegang                        Authority, Stock Exchange and to the
           obligasi baik secara langsung atau melalui               bondholders, directly or through Stock
           Bursa Efek dalam hal emiten telah cidera                 Exchange when the issuer has not
           janji atau terjadi keadaan yang dapat                    complied with the agreement or any
           membahayakan kepentingan pemegang                        condition that will be disadvantageous to
           obligasi;                                                the bondholders;
      d.   Melakukan pengawasan atau pemantauan               d.    Perform periodic monitoring or supervision
           secara berkala mengenai perkembangan                     on the development of the issuer’s
           pengelolaan usaha emiten berdasarkan                     business based on financial reports or
           laporan keuangan atau laporan lainnya;                   others reports; and
           dan
      e.   Memberikan nasihat yang diperlukan                 e.    Provides necessary advisory services to
           emiten sehubungan dengan perjanjian                      issuer in connection with the trusteeship
           perwaliamanatan.                                         agreement.

      Untuk tahun yang berakhir 31 Desember 2023,             For the year ended December 31, 2023, the
      Bank bertindak sebagai Wali Amanat atas                 Bank acted as Trustee for 96 bonds issuance,
      96 emisi obligasi, 32 emisi medium-term notes,          32 medium-term notes issuance, 30 sukuk
      30 emisi sukuk, dan 3 emisi sukuk medium-               issuance, and 3 sukuk medium-term notes
      term notes. Jumlah nilai obligasi yang                  issuance. The total value of the bonds issued
      diterbitkan adalah sebesar Rp89.941.805 dan             amounted       to      Rp89,941,805       and
      USD19,166,167 (dalam nilai penuh).                      USD19.166.167 (in full amount).

      Untuk tahun yang berakhir 31 Desember 2022,             For the year ended December 31, 2022, the
      Bank bertindak sebagai Wali Amanat atas                 Bank acted as Trustee for 103 bonds issuance,
      103 emisi obligasi, 37 emisi medium-term notes          37 medium-term notes issuance and 30 sukuk
      dan 30 emisi sukuk dengan jumlah nilai obligasi         issuance. The total value of the bonds issued
      yang diterbitkan sebesar Rp108.020.374 dan              amounted      to      Rp108,020,374       and
      USD23,333,333 (dalam nilai penuh).                      USD23.333.333 (in full amount).


43.   Kegiatan Jasa Kustodian                             43. Custodian Services Activities

      Bank dapat bertindak sebagai Bank Kustodian             The Bank is allowed to act as Custodian Bank
      berdasarkan surat izin dari Badan Pengawas              based on the license from the Capital Market
      Pasar Modal dan Lembaga Keuangan No.                    Supervisory Agency and Financial Institution
      KEP-01/PM/ Kstd/2001 tanggal 18 Januari                 based on the letter No. KEP-01/PM/Kstd/2001
      2001.                                                   dated January 18, 2001.

      Kustodian Umum meliputi:                                General Custody encompasses:
      • Safekeeping        (penyimpanan      dan              • Safekeeping (storage and administration of
        pengadministrasian efek-efek)                           securities)
      • Settlement    and    transaction handling             • Settlement and transaction handling
        (penanganan dan penyelesaian transaksi                  (handling and settlement of the transaction
        penjualan/pembelian efek-efek)                          of sales/purchases of securities)
      • Corporate action (pengurusan hak-hak                  • Corporate action (handling customer’s
        nasabah sehubungan dengan kepemilikan                   rights in relation with the ownership of
        efek-efek nasabah)                                      securities)


                                                    121
Page 478
PT BANK MEGA TBK                                                                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                            Unless Otherwise Stated)

      • Proxy (mewakili nasabah dalam Rapat                                                                     • Proxy (as a customer representative at the
        Umum Pemegang Saham berdasarkan                                                                           General Meeting of Shareholders based on
        surat kuasa)                                                                                              powers of attorney)
      • Pelaporan                                                                                               • Reporting

      Kustodian Reksa Dana meliputi:                                                                            Mutual Fund Custody encompasses:
      • Unit      Registry      (pencatatan      dan                                                            • Registry      Unit      (registration  and
        pengadministrasian unit reksa dana)                                                                       administration of mutual fund unit)
      • Fund     Accounting     (penitipan   kolektif,                                                          • Fund Accounting (collective custody, mutual
        pengadministrasian portofolio reksa dana                                                                  fund administration and portfolio Net Asset
        dan penghitungan Nilai Aset Bersih)                                                                       Value calculation)
      • Pelaporan                                                                                               • Reporting
      • Penyimpanan       efek-efek     lain  sesuai                                                            • Storage of other securities in compliance
        peraturan yang berlaku                                                                                    with the prevailing regulations

      Pada tanggal 31 Desember 2023 dan 2022,                                                                   As of December 31, 2023 and 2022, the value
      nilai portofolio dalam administrasi kustodian                                                             of the portfolio under administration of the
      Bank masing-masing sebesar Rp41.953.296                                                                   Bank’s custodian amounted to Rp41,953,296
      dan Rp44.723.440.                                                                                         and Rp44,723,440, respectively.


44.   Pengukuran Nilai Wajar                                                                             44. Fair Value Measurements

      Tabel dibawah menyajikan perbandingan                                                                     The table below summarizes the comparison
      antara nilai tercatat dan nilai wajar dari semua                                                          between the carrying amounts and fair values
      aset dan liabilitas keuangan disajikan per                                                                of all financial assets and liabilities presented
      kategori dari instrumen keuangan. Nilai wajar                                                             per category of financial instruments. The fair
      yang     diungkapkan      adalah     berdasarkan                                                          values disclosed are based on relevant
      informasi relevan yang tersedia pada tanggal                                                              information available as of December 31, 2023
      31 Desember 2023 dan 2022, dan tidak                                                                      and 2022, and not updated to reflect changes
      diperbarui untuk mencerminkan perubahan                                                                   in market conditions which have occurred after
      dalam kondisi pasar yang telah terjadi setelah                                                            this date.
      tanggal ini.
                                                                                         31 Desember/December 31
                                                                              2023                                             2022
                                                            Nilai tercatat/          Nilai wajar/            Nilai tercatat/           Nilai wajar/
                                                           Carrying value            Fair value             Carrying value             Fair value
      Aset Keuangan                                                                                                                                                                    Financial Assets
      Nilai wajar melalui laba rugi                                                                                                                                    Fair value through profit or loss
        Efek-efek                                                   2,156,712               2,156,712                1,520,017                1,520,017                                      Securities
        Tagihan derivatif                                              20,974                   20,974                  10,119                   10,119                           Derivative receivable
                                                                    2,177,686                2,177,686               1,530,136                1,530,136
      Nilai wajar melalui penghasilan                                                                                                                                          Fair value through other
      Komprehensif lain                                                                                                                                                         comprehensive income
        Efek-efek                                                  35,467,876              35,467,876               37,657,009              37,657,009                                       Securities
      Biaya perolehan yang Diamortisasi                                                                                                                                                  Amortized cost
        Kas                                                           855,222                 855,222                  901,616                  901,616                                           Cash
        Giro pada                                                                                                                                                               Current accounts with
          Bank Indonesia                                            6,822,433               6,822,433                8,691,986                8,691,986                              Bank Indonesia
        Giro pada                                                                                                                                                                     Current accounts
          bank lain                                                   644,673                 644,673                  757,620                  757,620                             with other banks
        Penempatan pada Bank                                                                                                                                                    Placements with Bank
          Indonesia dan bank lain                                   3,352,627               3,352,627                9,164,176                9,164,176                   Indonesia and other banks
        Efek-efek yang dibeli dengan                                                                                                                                       Securities purchased under
          janji dijual kembali                                      7,215,441               7,215,441                3,254,705               3,254,705                           agreement to resell
        Kredit yang diberikan                                      65,688,080              66,279,088               69,717,327              70,710,912                                           Loans
        Tagihan akseptasi                                                   --                      --                  52,965                  52,965                        Acceptances receivable
        Aset lain-lain - neto*)                                     1,525,993               1,525,993                1,348,412               1,348,412                             Other assets - net*)
                                                                   86,104,469              86,695,477               93,888,807              94,882,392
      Total                                                      123,750,031              124,341,039              133,075,952             134,069,537                                            Total

      *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
         Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets




                                                                                               122
Page 479
PT BANK MEGA TBK                                                                                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                 Unless Otherwise Stated)
                                                                                             31 Desember/December 31
                                                                                2023                                                 2022
                                                              Nilai tercatat/             Nilai wajar/             Nilai tercatat/            Nilai wajar/
                                                             Carrying value               Fair value              Carrying value              Fair value
     Liabilitas Keuangan                                                                                                                                                    Financial Liabilities
     Nilai wajar melalui                                                                                                                                                     Fair value through
     laba rugi                                                                                                                                                                     profit or loss
     Liabilitas derivatif                                                 18,931                    18,931                     66,818                    66,818              Derivatives payable
     Diukur pada biaya                                                                                                                                                               Measured at
     perolehan diamortisasi                                                                                                                                                       amortized cost
       Liabilitas segera                                                 296,179                   296,179                   245,593                   245,593      Obligations due immediately
       Simpanan nasabah                                                                                                                                                Deposits from customers
         Giro                                                        10,125,725                 10,125,725                12,818,842                12,818,842               Current accounts
         Tabungan                                                    15,662,241                 15,662,241                14,731,561                14,731,561               Savings deposits
         Deposito berjangka                                          63,647,784                 63,647,784                75,399,264                75,399,264                  Time deposits
       Simpanan dari bank lain                                                                                                                                        Deposits from other banks
         Call money                                                    3,244,212                 3,244,212                   389,188                   389,188                     Call money
         Giro                                                            246,028                   246,028                   574,181                   574,181               Current accounts
         Tabungan                                                         73,176                    73,176                   116,921                   116,921               Savings deposits
         Deposito berjangka                                              309,180                   309,180                   466,406                   466,406                  Time deposits
       Utang akseptasi                                                         --                        --                   53,031                    53,031            Acceptances payable
       Pinjaman yang diterima                                          2,909,228                 2,909,228                 1,856,213                 1,856,213                 Fund Borrowings
       Obligasi subordinasi - neto                                        50,000                    50,000                    50,000                    50,000         Subordinated bonds - net
       Efek-efek yang dijual dengan                                                                                                                                        Securities sold under
         janji dibeli kembali                                        12,573,231                 12,573,231                13,263,387                13,263,387       repurchased agreements
       Beban yang masih harus
         dibayar dan liabilitas                                                                                                                                             Accrued expenses
         lain-lain**)                                                   427,497                   427,497                    422,597                   422,597          and other liabilities**)
                                                                    109,564,481               109,564,481                120,387,184               120,387,184
     Total                                                          109,583,412               109,583,412                120,454,002               120,454,002                              Total

     **) Termasuk di dalam liabilitas lain-lain merupakan bunga yang masih harus dibayar, setoran jaminan, dan kewajiban pembelian surat berharga/
         Included in other liabilities are accrued interest payables, lease liabilities, guarantee deposits, and liabilities to purchase of marketable securities



     Berikut metode dan asumsi yang digunakan                                                                         The following methods and assumptions are
     untuk perkiraan nilai wajar:                                                                                     used to estimate the fair value:

     Nilai wajar aset dan liabilitas keuangan tertentu                                                                Fair values of certain financial assets and
     selain derivatif dan kredit yang diberikan                                                                       liabilities other than derivatives and loans are
     mendekati nilai tercatat karena instrumen                                                                        approximately the same with their carrying
     keuangan tersebut memiliki jangka waktu jatuh                                                                    amounts due to the short-term maturities of
     tempo yang singkat dan/atau suku bunganya                                                                        these financial instruments and/or repriced
     sering ditinjau ulang.                                                                                           frequently.

     Nilai wajar tagihan dan liabilitas derivatif                                                                     The fair value of derivative receivable and
     dihitung    berdasarkan    metodologi yang                                                                       payable are calculated based on methodology
     dijelaskan dalam Catatan 2i dan 10.                                                                              as disclosed in Notes 2i and 10.

     Nilai wajar dari kredit yang diberikan dinilai                                                                   The fair value of loans are determined by
     menggunakan diskonto arus kas berdasarkan                                                                        discounting cash flows using current market
     tingkat suku bunga pasar terkini.                                                                                interest rate.

     Bank menggunakan hierarki berikut untuk                                                                          The Bank adopts the following hierarchy for
     menentukan dan mengungkapkan nilai wajar                                                                         determining and disclosing the fair value of
     dari aset dan liabilitas:                                                                                        assets and liabilities:
     • Level 1 : harga kuotasian (tanpa                                                                               • Level 1 : quoted (unadjusted) market prices
        penyesuaian) di pasar aktif untuk aset atau                                                                      in active market for identical assets or
        liabilitas yang identik.                                                                                         liabilities.
     • Level 2 : input selain harga kuotasian yang                                                                    • Level 2 : inputs other than quoted prices
        termasuk dalam Level 1 yang dapat                                                                                included within Level 1 that are observable
        diobservasi untuk aset dan liabilitas baik                                                                       for the asset or liability either directly
        secara langsung (misalnya harga) atau                                                                            (example, price) or indirectly;
        secara tidak langsung;
     • Level 3 : input untuk aset dan liabilitas yang                                                                 • Level 3 : inputs for the asset and liability
        bukan berdasarkan data pasar yang dapat                                                                         that are not based on observable market
        diobservasi (input yang tidak dapat                                                                             data (unobservable inputs).
        diobservasi).



                                                                                                   123
Page 480
PT BANK MEGA TBK                                                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                  Unless Otherwise Stated)

     Tabel di bawah ini menunjukkan aset dan                                           The table below show the assets and liabilities
     liabilitas yang diukur pada nilai wajar yang                                      measured at fair value categorized according
     dikelompokkan berdasarkan hierarki nilai wajar:                                   to the fair value hierarchy:
                                                                31 Desember/December 31, 2023
                                                                               Nilai wajar/Fair value
                                          Nilai tercatat/        Tingkat/             Tingkat/           Tingkat/
                                         Carrying value          Level 1              Level 2            Level 3

     Aset yang diukur pada nilai wajar                                                                                    Assets measured at fair value
       Efek-efek yang diukur
         pada nilai wajar                                                                                                       Securities at fair value
         melalui laba rugi                        2,156,712          2,156,712                     --                --       through profit and loss
       Tagihan derivatif                             20,974                  --               20,974                 --           Derivative receivable
       Efek-efek yang diukur
         pada nilai wajar                                                                                                       Securities at fair value
         melalui penghasilan                                                                                                           through other
         komprehensif lain                      35,467,876          35,467,876                      --               --       comprehensive income
     Total aset yang diukur                                                                                                      Total assets measured
       pada nilai wajar                         37,645,562          37,624,588                20,974                 --                    at fair value

     Aset yang nilai wajarnya                                                                                               Assets for which fair value
       diungkapkan                                                                                                                      are disclosed
       Kredit yang diberikan                    65,688,080                   --           65,869,199           409,889                          Loans
       Agunan yang diambil alih                  1,327,078                   --                    --        1,327,078              Foreclosed assets
       Aset tetap                                5,994,863                   --                    --        5,994,863                   Fixed Assets
     Total aset yang nilai                                                                                                       Total assets for which
       wajarnya diungkapkan                     73,010,021                   --           65,869,199         7,731,830       fair value are disclosed

     Liabilitas yang diukur                                                                                                      Liabilities measured at
       pada nilai wajar                                                                                                                       fair value
       Liabilitas derivatif                          18,931                  --               18,931                 --             Derivative payable

     Total liabilitas yang diukur                                                                                           Total liabilities measured at
       pada nilai wajar                              18,931                  --               18,931                 --                        fair value



                                                                31 Desember/December 31, 2022
                                                                               Nilai wajar/Fair value
                                          Nilai tercatat/        Tingkat/             Tingkat/           Tingkat/
                                         Carrying value          Level 1              Level 2            Level 3

     Aset yang diukur pada nilai wajar                                                                                    Assets measured at fair value
       Efek-efek yang diukur
         pada nilai wajar                                                                                                        Securities at fair value
         melalui laba rugi                        1,520,017          1,520,017                      --               --        through profit and loss
       Tagihan derivatif                             10,119                  --                10,119                --            Derivative receivable
       Efek-efek yang diukur
         pada nilai wajar                                                                                                       Securities at fair value
         melalui penghasilan                                                                                                           through other
         komprehensif lain                       37,657,009         37,657,009                      --               --       comprehensive income
     Total aset yang diukur                                                                                                      Total assets measured
       pada nilai wajar                          39,187,145         39,177,026                 10,119                --                    at fair value

     Aset yang nilai wajarnya                                                                                                Assets for which fair value
       diungkapkan                                                                                                                       are disclosed
       Kredit yang diberikan                    69,717,327                   --            70,430,078           280,834                          Loans
       Agunan yang diambil alih                   1,391,294                  --                     --        1,391,294              Foreclosed assets
       Aset tetap                                 6,161,272                  --                     --        6,161,272                   Fixed Assets
     Total aset yang nilai                                                                                                        Total assets for which
       wajarnya diungkapkan                      77,269,893                  --            70,430,078         7,833,400       fair value are disclosed

     Liabilitas yang diukur                                                                                                      Liabilities measured at
       pada nilai wajar                                                                                                                       fair value
       Liabilitas derivatif                          66,818                  --                66,818                --             Derivative payable

     Total liabilitas yang diukur                                                                                           Total liabilities measured at
       pada nilai wajar                              66,818                  --                66,818                --                        fair value



     Nilai wajar dari tanah dan bangunan dihitung                                      Fair values of land and buildings are calculated
     dengan        menggunakan        pendekatan                                       using the comparable market approach,
     perbandingan pasar, pendekatan pendapatan,                                        income approach and cost approach.
     dan pendekatan biaya yang dihasilkan oleh
     aset.

     Tidak terdapat perpindahan                   antar       tingkat                  There were no transfer between level during
     selama tahun berjalan.                                                            the year.




                                                                       124
Page 481
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

45.   Manajemen Risiko Keuangan                             45. Financial Risk Management

a.    Pendahuluan dan Gambaran Umum                         a.   Introduction and Overviews
      Bank menyadari bahwa dalam melaksanakan                    The Bank realizes that in carrying out its
      kegiatan usahanya, Bank selalu berhadapan                  business activities, the Bank is always faced
      dengan risiko yang melekat (inheren) pada                  with inherent risks in financial instruments,
      instrumen keuangan, yaitu Risiko Kredit, Risiko            namely credit risk, liquidity risk, market risk on
      Likuiditas, Risiko Pasar atas nilai tukar valuta           foreign exchange rates and interest rates,
      asing dan tingkat suku bunga, Risiko                       operational risk, and other risks
      Operasional, serta risiko lainnya.

      Dalam rangka mengendalikan risiko tersebut,                In order to control these risks, the Bank has
      Bank telah mengimplementasikan suatu                       implemented a Basic Risk Management
      Kerangka Dasar Manajemen Risiko (Risk                      Framework which is outlined in the risk
      Management Framework) yang tertuang dalam                  management policy in accordance with
      kebijakan manajemen risiko sesuai dengan                   Financial Services Authority Regulation
      Peraturan Otoritas Jasa Keuangan Nomor                     Number 18/POJK.03/ 2016 and OJK Circular
      18/POJK.03/ 2016 dan Surat Edaran OJK                      Letter Number 34/SEOJK/03 /2016 concerning
      Nomor 34/SEOJK/03/2016 tentang Penerapan                   the Implementation of Risk Management for
      Manajemen Risiko Bagi Bank Umum serta                      Commercial Banks and also refers to internal
      mengacu juga pada peraturan internal                       regulations regarding risk management
      mengenai kebijakan manajemen risiko.                       policies.

      Bertolak dari ketentuan tersebut serta                     Starting from this regulated policy as well as
      kebutuhan      internal  Bank,     Bank     telah          internal    requirement,   the     Bank    has
      melaksanakan manajemen risiko sesuai                       implemented risk management in accordance
      dengan       cakupan     aktivitasnya.     Guna            with the scope of their activities. In order to
      menyempurnakan pelaksanaan manajemen                       enhance      the    implementation    of   risk
      risiko, Bank selalu mengembangkan tools                    management, the Bank always develops tools
      dan/atau      metodologi    yang      digunakan,           and/or methodology that are used, evaluate
      mengevaluasi       dan   memperbaiki       setiap          and correct any weakness in the process and
      kelemahan pada proses, maupun terhadap                     the development of human resources as the
      pengembangan sumber daya manusia sebagai                   key to the implementation of risk management.
      kunci implementasi manajemen risiko. Hal ini               It is important considering that risk factors
      penting dilakukan mengingat faktor risiko yang             inline with the the dynamic nature of the
      memiliki sifat dinamis mengikuti perkembangan              development on the banking business practice
      praktek bisnis perbankan itu sendiri.                      itself.

      Upaya perbaikan implementasi manajemen                     The effort of improving the implementation of
      risiko tersebut difokuskan pada 5 (lima) hal               risk management is focused on 5 (five) main
      utama,     yaitu    Identifikasi, Pengukuran,              points, namely Identification, Measurement,
      Pengawasan, Pengendalian, dan Pelaporan.                   Monitoring, Control, and Reporting.

      Bank memiliki eksposur terhadap risiko-risiko              The Bank has exposure to the following risks
      instrumen keuangan sebagai berikut:                        from financial instruments:
      • Risiko Kredit                                            • Credit Risk
      • Risiko Pasar                                             • Market Risk
      • Risiko Likuiditas                                        • Liquidity Risk
      • Risiko Operasional                                       • Operational Risk

b.    Kerangka Manajemen Risiko                             b.   Risk Management Framework
      Manajemen risiko dikelola oleh Direktorat                  The Bank Risk Management is managed and
      Risiko dan didukung oleh Satuan Kerja                      supported by the Risk Management Work Unit
      Manajemen Risiko yang bertanggung jawab                    which is directly responsible to the Vice
      langsung kepada Wakil Direktur Utama. Satuan               President   Director.  The   Bank's   Risk
      Kerja Manajemen Risiko Bank, yaitu:                        Management Work Unit consists of:

                                                      125
Page 482
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

     • Operational Risk Management                        • Operational Risk Management
     • Credit Risk Management                             • Credit Risk Management
     • Market, Liquidity, and Integrated        Risk      • Market, Liquidity, and Integrated         Risk
       Management                                           Management
     • IT and Cyber Risk Management                       • IT and Cyber Risk Management

     Dalam rangka penerapan manajemen risiko              In order to implement effective risk
     yang efektif, Bank telah memiliki Komite             management, the Bank has a Risk
     Manajemen Risiko yang berfungsi untuk                Management Committee whose function is to
     membahas permasalahan risiko yang dihadapi           discuss the overall risk problems faced by the
     Bank        secara     keseluruhan    dan            Bank and recommend risk management
     merekomendasikan kebijakan manajemen                 policies to the Board of Directors.
     risiko kepada Direksi.

     Manajemen telah membentuk komite-komite              The management has established committees
     yang membantu Dewan Komisaris dan Direksi            which are responsible to assist the Boards of
     dalam penerapan manajemen risiko, yaitu:             Commissioners and Directors for managing the
                                                          Bank’s risk management, these are:
     •   Komite Pemantau Risiko                           • Risk Oversight Committee
     •   Komite Audit                                     • Audit Committee
     •   Komite Remunerasi dan Nominasi                   • Remuneration and Nomination Committee
     •   Komite Manajemen Risiko                          • Risk Management Committee
     •   Komite Manajemen Risiko Terintegrasi             • Integrated Risk Management Committee
     •   Komite Produk                                    • Product Committee
     •   Komite Kebijakan Perkreditan                     • Credit Policy Committee
     •   Komite Teknologi Informasi                       • Information Technology Committee
     •   Komite Aset dan Liabilitas (“ALCO”)              • Asset and Liability Committee (“ALCO”)
     •   Komite Sumber Daya Manusia                       • Human Resources Committee
     •   Komite Manajemen Krisis                          • Crisis Management Committee

     Komite-komite ini bertanggung jawab untuk            These committees are responsible for
     mengembangkan dan memantau kebijakan                 developing and monitoring the Bank’s risk
     manajemen risiko Bank pada masing-masing             management policy in their respective areas.
     area. Komite-komite tersebut melaporkan              All committees report regularly to the Boards of
     aktivitas mereka secara berkala kepada Dewan         Commissioners and Directors.
     Komisaris dan Direksi.

     Kebijakan manajemen risiko Bank dibentuk             The Bank’s risk management policies are
     untuk mengidentifikasi dan menganalisis risiko-      established to identify and analyze the risks
     risiko yang dihadapi Bank, untuk menentukan          faced by the Bank, to set appropriate risk limits
     batasan dan pengendalian risiko yang sesuai          and controls, and to monitor risks and
     dan untuk mengawasi risiko yang sesuai dan           adherence to limits. Risk management policies
     kepatuhan terhadap batasan yang telah                and systems are reviewed regularly to reflect
     ditetapkan. Kebijakan dan sistem manajemen           changes in market conditions, products and
     risiko    dikaji    secara     berkala     untuk     services offered. The Bank, through its training
     mencerminkan perubahan pada kondisi pasar,           and management standards and procedures,
     produk dan jasa yang ditawarkan. Bank melalui        aims to develop a disciplined and constructive
     pelatihan serta standar dan prosedur                 control environment, in which all employees
     pengelolaan, berusaha untuk mengembangkan            understand their roles and obligations.
     lingkungan pengendalian yang teratur dan
     konstruktif,     dimana    seluruh     karyawan
     memahami peran dan tanggung jawab mereka.




                                                    126
Page 483
PT BANK MEGA TBK                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)

     Bank menerapkan pengelolaan risiko yang                 Effective risk management is adopted, hence,
     efektif, dimana praktek-praktek yang sehat              the sound practices are embedded in the
     melekat pada sistem utama dan proses bisnis             Bank’s core systems and business processes,
     yang ada di Bank yang memungkinkan                      thus allowing self-management of risk by
     pengelolaan manajemen risiko oleh masing-               respective business units, in which risk
     masing satuan bisnis karena pengelolaan risiko          management is a responsibility of all
     adalah tanggung jawab dari semua pegawai                employees at all levels in the organizational
     pada semua level di organisasi. Bank juga               hierarchy. The Bank also adopts a strong and
     menerapkan budaya kesadaran yang kuat dan               proactive risk awareness mindset, which is
     proaktif atas risiko, yang merupakan dasar              fundamental in attaining consistent and
     untuk mencapai manajemen risiko yang                    effective risk management.
     konsisten dan efektif.

     Unit Kerja Independen telah dibentuk untuk              Independent Working Units have been formed
     melakukan      evaluasi,   pemantauan      dan          to facilitate independent evaluation, various
     pelaporan berbagai risiko secara independen.            risks monitoring and reporting. These divisions
     Unit kerja tersebut dirancang untuk berfungsi           are designed to function independently of the
     secara independen dari unit bisnis (second line         business units (second line of defense).
     of defense).

     Unit Kerja Operational Risk Management, Unit            Operational Risk Management Unit, Credit
     Kerja Credit Risk Management, Unit Kerja                Risk Management Unit, Market Liquidity and
     Market     Liquidity  and      Integrated     Risk      Integrated Risk Management Unit, IT Unit and
     Management, Unit Kerja IT and Cyber Risk                Cyber Risk Management, National Credit
     Management, Unit Kerja National Credit                  Review and Restructure Unit, National Credit
     Review and Restructure, Unit Kerja National             Appraisal Unit, Compliance and Good
     Credit Appraisal, Unit Kerja Compliance and             Corporate Governance Unit, Crime and Fraud
     Good Corporate Governance, Unit Kerja Crime             Investigation, Anti Money Laundering Unit,
     and Fraud Investigation, Unit Kerja Anti Money          Corporate Legal Unit, Customer Experience
     Laundering, Unit Kerja Corporate Legal, Unit            and      Customer      Care      Unit,    Process
     Kerja Customer Experience and Customer                  Management and Internal Control Unit (Branch
     Care, Unit Kerja Process Management and                 Operations Control and Head                  Office
     Internal Control (sub unit Branch Operations            Operations       Control      Sub      Unit) are in
     Control dan Head Office Operations Control)             charge of identifying, assessing and monitoring
     bertugas      untuk   melakukan       identifikasi,     all of the Bank’s main risks in accordance with
     mengkaji dan mengawasi semua risiko utama               well-defined risk management policies and
     Bank sesuai dengan kebijakan dan prosedur               procedures. In addition, there is internal and
     manajemen risiko yang telah ditetapkan. Selain          independent risk control to ensure good
     itu, terdapat pengendalian risiko secara internal       governance, risk management and internal
     dan independen untuk memastikan tata kelola,            control properly (three line of defense) handled
     manajemen risiko dan pengendalian internal              by Internal Audit Unit.
     dengan baik (three line of defense) yaitu Unit
     Kerja Internal Audit.

     Beberapa kebijakan internal yang terkait                Several internal risk management policies
     manajemen risiko yang ditinjau atau diterbitkan         which have been released or reviewed until
     Bank sampai dengan 31 Desember 2023                     December 31, 2023 are as follows:
     antara lain sebagai berikut:
     • Kebijakan Manajemen Risiko                            •   Risk Management Policy
     • Kebijakan Manajemen Risiko Stratejik                  •   Strategic Risk Management Policy
     • Kebijakan Manajemen Risiko Hukum                      •   Legal Risk Management Policy
     • Kebijakan Manajemen Risiko Reputasi                   •   Reputational Risk Management Policy
     • Kebijakan Manajemen Risiko Kepatuhan                  •   Compliance Risk Management Policy




                                                       127
Page 484
PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

     •   Kebijakan Manajemen Risiko Kredit                • Credit Risk Management Policy
     •   Kebijakan Manajemen Risiko Pasar                 • Market Risk Management Policy
     •   Kebijakan Manajemen Risiko Likuiditas            • Liquidity Risk Management Policy
     •   Kebijakan Manajemen Risiko Operasional           • Operational Risk Management Policy
     •   Kebijakan Manajemen Risiko Terintegrasi          • Integrated Risk Management Policy
     •   Kebiajakan Manajemen Risiko TI dan Siber         • IT and Cyber Risk Management Policy
     •   Pedoman Kerja Laporan ATMR Kredit -              • Credit Risk-Weighted Assets Reporting
         Standardized Approach                              Guidelines - Standardized Approach
     •   Manajemen Risiko Suku Bunga pada                 • Interest Rate Risk in Banking Book (IRRBB)
         Banking Book (Interest Rate Risk in The            Policy
         Banking Book)
     •   Pedoman Pengukuran dan Pelaporan Risiko          • Guidelines for Measuring and Reporting
         Suku Bunga dalam Banking Book (Interest            Interest Rates in the Banking Book (Interest
         Rate Risk in The Banking Book)                     Rate Risk in the Banking Book)
     •   Komite Manajemen Risiko                          • Risk Management Committee
     •   Komite Manajemen Risiko Terintegrasi             • Risk Management Committee
     •   Komite Kebijakan Perkreditan Bank Mega           • Credit Policy Committee of Bank Mega
     •   Kebijakan dan Prosedur Operasional               • Policy and Operational Procedures for
         Control Self Assessment                            Control Self Assessment
     •   Ketentuan Pengelolaan Portofolio Kredit          • Credit Portfolio Management Regulations
     •   Pedoman      Perhitungan     ATMR     Risiko     • Guidelines of Operational Risk RWA
         Operasional     berdasarkan      Pendekatan        calculation based on the Standardize
         Standar                                            Approach
     •   Kebijakan Stress Test                            • Guidelines of Stress Testing
     •   Pedoman Kerja ATMR Pasar                         • Guidelines of Market ATMR
     •   Pedoman penyusunan Profil Risiko                 • Guidelines for compilation of Risk Profile
     •   Kebijakan Kewajiban Penyediaan Modal             • Minimum Capital Adequacy Ratio (CAR) in
         Minimum (KPMM) sesuai Profil Risiko                accordance Risk Profile Policy
     •   Kebijakan Kewajiban Penyediaan Modal             • Integrated Minimum Capital Adequacy
         Minimum Terintegrasi                               Ratio (CAR) Policy
     •   Pedoman       Penyusunan      Profil  Risiko     • Guidelines for Compilation of Integrated
         Terintegrasi                                       Risk Profiles
     •   Kebijakan Batas Maksimum Pemberian               • Maximum Credit and Large Exposure
         Kredit dan Penyediaan Dana Besar Bagi              Provision Policy for Commercial Banks
         Bank Umum
     •   Kebijakan Rekonsiliasi Transaksi Intra-Bank      • Mega Corpora Intra-Group Transaction
         Mega Corpora                                       Reconciliation Policy
     •   Limit Pembiayaan Berdasarkan Sektor              • Financing Limits based on Economic
         Ekonomi dan Mekanisme Pemantauan                   Sectors and Economic Sector Monitoring
         Sektor Ekonomi                                     Mechanism
     •   Pedoman Perhitungan Risiko Kredit pada           • Guidelines for Calculation of Credit Risk in
         Transaksi     Derivatif   Dalam      Rangka        Derivative Transactions in the Context of
         Perhitungan BMPK                                   Calculation of the maximum lending limit
     •   Kebijakan Risk Limit Bank Mega                   • Risk Limit Policy of Bank Mega
     •   Kebijakan Risk Limit Terintegrasi                • Integrated Risk Limit Policy
     •   Komite Kredit Bank Mega                          • Bank Mega Credit Committe
     •   Penetapan Cut Off Behavior Scores dalam          • Determination of Cut Off Behavior Scores in
         Kartu Kredit                                       Credit Cards
     •   Kebijakan Pagu Kredit dan Personal Loan          • Credit Card and Personal Loan Limit
         Karyawan Bank Mega                                 Policyfor Bank Mega’s Employee
     •   Buku Pedoman Penetapan Cadangan                  • Financial Asset Impairment Policy
         Kerugian Penurunan Nilai Aset Keuangan
         Bank



                                                    128
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PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

     • Kebijakan Komite Produk dan Proses                • Product Committee and Process of
       Penerbitan Produk atau Aktivitas Baru               Publishing New Products or Activities Policy
     • Pembentukan Tim Validasi Model dalam              • Establishment of Model Validation Team in
       Satuan Kerja Manajemen Risiko                       Risk Management Work Unit
     • Pedoman Kerja Market, Liquidity and               • Guidelines of Market, Liquidity and
       Integrated Risk Management (MIRG)                   Integrated Risk Management (MIRG)
     • Pedoman        Kerja    Operational     Risk      • Operational Risk Management (ORMG)
       Management (ORMG)                                   Guideline
     • Ketentuan Risk Control Self Assessment            • Risk Control Self Assessment Guideline
       (RCSA)                                              (RCSA)
     • Penunjukkan Directorate Operational Risk          • Denotion of Directorate Operational Risk
       Management (DORM)                                   Management (DORM)
     • Kebijakan Penyusunan Rencana Darurat              • The Policy for The Arrangement of
       (Contingency Plan) dalam Kondisi Terburuk           Contingency Plan in The Worst Case
       (Worst Case Scenario)                               Scenario
     • Kebijakan Rencana Pendanaan Darurat               • Contingency Funding Plan Policy
       (Contingency Funding Plan)
     • Kebijakan Business Continuity Management          •   Business Continuity Management Policy
     • Kebijakan Rencana Aksi (Recovery Plan)            •   Recovery Plan Policy
     • Kebijakan Valuasi Surat Berharga                  •   Securities Valuation Policy
     • Kebijakan Kewajiban Pemenuhan Rasio               •   Liquidity Coverage Ratio Policy
       Kecukupan Likuiditas (Liquidity Coverage
       Ratio)
     • Kebijakan Net Stable Funding Ratio (NSFR)         • Net Stable Funding Ratio Policy
     • Kebijakan       Penetapan     Risk      Limit     • Policy for Setting Risk Limit Management in
       Management Treasury                                 Treasury
     • Klasifikasi Tier Satuan Kerja Berdasarkan         • Business Units Tier Classification Based on
       Aktivitas Bisnis                                    Business Activity
     • Kebijakan Rencana Resolusi (Resolution            • Resolution Plan Policy
       Plan)
     • Penetapan Anggota Organisasi Business             • Establisment     of Business Continuity
       Continuity Management (BCM)                         Management (BCM) Organization Members
     • Pembuatan Dokumen Business Continuity             • Creating Business Continuity Plan (BCP)
       Plan (BCP)                                          Document
     • Sistem Peringatan Dini Indikator Eksternal        • External Indicator Early Warning System
                                                           Monitoring
     • Pemantauan Kewajaran Harga Pasar (Off-            • Fairness of Market Price Monitoring for
       Market) Transaksi Forex                             Forex Transaction
     • Kewajiban Penyediaan Modal Minimum                • Minimum Capital Requirement according to
       sesuai Profil Risiko                                Risk Profile
     • Penetapan      Risk   Limit     Management        • Determination of Treasury Management
       Treasury                                            Risk Limit
     • Pedoman Penyusunan Profil Maturitas               • Guidelines for Compilation a Behavioral
       Behavioral                                          Maturity Profile
     • Prosedur Marked-to-Market (MtM) Transaksi         • Marked To Market (MtM) Procedure for
       Cross Currency Swap (CCS), Interest Rate            Cross Currency Swap (CCS), Interest
       Swap (IRS), dan Overnight Index Swap                RateSwap (IRS), and Overnight Index Swap
       (OIS)                                               (OIS) Transaction
     • Stimulus Perekonomian Nasional Sebagai            • National     Economic    Stimulus   as     a
       Kebijakan       Countercyclical    Dampak           Countercyclical Policy on the Impact of the
       Penyebaran Coronavirus Disease 2019                 the Spread of Coronavirus Disease 2019
     • i-Deb Checking untuk Fasilitas Kredit (Non        • i-Deb Checking for Non Credit Card Facility
       Kartu Kredit)




                                                   129
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PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     • Prosedur i-Deb Checking                           • i-Deb Checking Procedure
     • Penyelesaian      Kartu   Kredit     dan/atau     • Gradually Repayment of Credit Card and/or
       Personal Loan Secara Bertahap                       Personal Loan
     • Pra-Checklist Dokumen Kredit                      • Credit Document Pre Checklist
     • Penetapan Rating Eksternal                        • Determination of External Rating
     • Buku Pedoman Kredit Usaha Kecil                   • Guideline for SME Credit
       Menengah
     • Buku Pedoman Kredit Komersial                     • Guideline for Commercial Credit
     • Buku Pedoman Kredit Indirect Channel              • Guideline for Indirect Channel Credit
     • Perubahan Pertama Buku Pedoman Kredit             • First Amendment of Book of Indirect
       Indirect Channel                                    Channel Credit Policy
     • Buku Pedoman Kredit Korporasi                     • Guideline for Corporate Credit
     • Buku Pedoman Kartu Kredit                         • Guideline for Credit Card
     • Buku Pedoman Penilaian Agunan PT Bank             • PT Bank Mega Tbk’s Collateral Appraisal
       Mega Tbk                                            Guideline
     • Komite Restrukturisasi Kredit                     • Credit Restructure Committee
     • Kebijakan Manajeman Risiko Teknologi              • Information Technology Risk Management
       Informasi                                           Policy
     • Kebijakan Keamanan Informasi                      • Information Security Policy
     • Pedoman Kerja IT and Cyber Risk                   • IT and Cyber Risk Management Work
       Management                                          Guidelines
     • Pemberian Kredit Pada Segmen Kredit               • Consumer Loan (Non Credit Card ) for
       Konsumer Khusus Pegawai Bank Mega                   Bank Mega Employee
       (Non Kartu Kredit)
     • Ketentuan Pemberian Fasilitas Kredit              • Cash Collateral Loan Facility
       dengan Agunan Tunai
     • Pemberian Fasilitas Kartu Kredit/Personal         • Credit Card and Personal Loan Facility for
       Loan Bank Mega untuk Karyawan Allo Bank             Allo Bank Employee
     • Ketentuan Pemberian Pinjaman dengan               • Time Deposit Collateral Loan Facility
       Jaminan Deposito (PJD)
     • Pemberian Fasilitas Kredit Back-to-Back           • Back to Back Credit Facility
     • Prosedur     Pemberian     Fasilitas   Kredit     • Consumer Credit Facility
       Konsumer
     • Prosedur Pemberian Fasilitas Kredit UKM           • SME Credit Facility
     • Fasilitas Trading Line dan Credit Line untuk      • Trading Line and Credit Line Facility for
       Badan Usaha Non Bank                                Non Bank Institution
     • Pemberian Kredit pada Segmen Komersial            • Commercial Credit Facility
     • Perubahan Pertama Buku Pedoman Kredit             • First Amendment of Book of Indirect
       Indirect Channel                                    Channel Credit Policy
     • Pemberian Kredit/Kerja Sama Pembiayaan            • Credit Facility / Financing Cooperation of
       pada Segmen Indirect Channel                        Indirect Channel Segment
     • Pemberian Kredit pada Segmen Korporasi            • Corporate Credit Facility
     • Kewenangan Pejabat di Bidang Perkreditan          • Official Authority in Credit Sector
     • Hapus Buku dan Hapus Tagih Kredit                 • Credit Write off and Cut Loss
     • Penggunaan Scorecard Fasilitas Interbank          • Scorecard of Interbank Facility
     • Komite Kredit Konsumer Khusus Fasilitas           • Consumer Credit Committee for Bank Mega
       Kredit Pegawai Bank Mega                            Employee Credit Facility
     • Komite Restrukturisasi Kredit Terkait             • Credit Restructurisation Committee of
       Coronavirus Disease 2019                            Coronavirus Disease 2019
     • Penggunaan Scorecard Counterparty Non             • Scorecard for Non Bank Counterparty
       Bank




                                                   130
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PT BANK MEGA TBK                                                                       PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                       (Continued)
Untuk Tahun-tahun yang Berakhir                                                          For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                          December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                  (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)

     • Persyaratan dan Proses Aplikasi Kartu                       • Requirements and Application Process of
       Kredit Konsumer                                               Consumer Credit Card
     • Persyaratan dan Proses Aplikasi Kartu                       • Requirements and Application Process of
       Kredit Bisnis                                                 Business Credit Card
     • Persyaratan dan Proses Aplikasi Mega                        • Requirements and Application Process of
       Cash Line                                                     Mega Cash Line
     • Persyaratan dan Proses Fasilitas Kartu                      • Requirements and Application Process of
       Kredit Secured (Secured Card)                                 Secured Credit Card
     • Persetujuan Kartu Kredit Konsumer dan                       • Approval of Consumer Credit Card and
       Kartu Kredit Bisnis                                           Business Credit Card
     • Persetujuan Mega Cash Line                                  • Approval of Mega Cash Line
     • Maintenance Account dan data Kartu Kredit                   • Credit Card or Personal Loan Account and
       atau Personal Loan                                            Data Maintenance
     • Persetujuan Proses Account Maintenance                      • Approval of Credit Card or Personal Loan
       Kartu Kredit atau Personal Loan                               Account Maintenance
     • Buku Pedoman Kartu Kredit                                   • Guideline for Credit Card

     Sebagian besar kebijakan tersebut merupakan                   The majority of the aforementioned policies are
     hasil reviu dari kebijakan yang telah ada.                    the result of a review of existing policies. The
     Upaya reviu dilakukan untuk menyempurnakan                    review was conducted with the intention of
     kebijakan dikarenakan adanya perubahan dari                   improving the policies due to changes in
     peraturan Bank Indonesia dan Otoritas Jasa                    regulation from the Bank Indonesia and
     Keuangan (OJK) maupun perubahan pada                          Financial Services Authority (OJK) regulations
     kondisi pasar maupun produk dan jasa yang                     and change in market conditions or in products
     ditawarkan Bank.                                              and services offered by the Bank.

c.   Risiko Kredit                                            c.   Credit Risk
     Secara umum, pelaksanaan manajemen risiko                     In general, the implementation of credit risk
     kredit selama tahun 2023 difokuskan pada hal-                 management in 2023 was focused on:
     hal berikut:
     • Peningkatkan kesadaran dan kompetensi                       • Increasing awareness and competencies of
        sumber daya manusia dalam bidang                             human resources in lending and credit risk
        perkreditan dan risiko kredit.                               aspect.
     • Pengembangan           peran    Satuan       Kerja          • Developing the roles of Risk Management
        Manajemen Risiko (SKMR).                                     unit.
     • Implementasi           dan      pengembangan                • Implementation and developing Reporting
        Dashboard Reporting dan Pengaturan                           Dashboard      and      Paramter      Setting
        Parameter untuk kartu kredit dan personal                    Dashboard for Credit Card and Personal
        loan                                                         Loan.
     • Monitoring dan validasi credit scoring untuk                • Monitoring and validation of Credit Score for
        kartu kredit dan personal loan.                              Credit Card and Personal Loan.
     • Pengembangan metodologi stress testing                      • Developing stress testing of credit portfolio
        portofolio kredit terkait dengan risiko iklim                regarding climate risk.
     • Melakukan peninjauan terhadap kebijakan-                    • Review Bank Mega credit policy so they are
        kebijakan Bank terkait perkreditan agar                      in line with economic condition during
        sejalan dengan kondisi ekonomi di masa                       Covid-19 pandemic.
        pandemi Covid-19.
     • Meninjau kebijakan atas rencana penerbitan                  • Review policy of establishment new product
        produk baru
     • Peningkatan intensitas pengendalian dan                     • Increased    intensity   of    control and
        pengawasan indikator yang terkait dengan                     monitoring of indicators related to efforts to
        upaya perbaikan Profil Risiko Bank dalam                     improve the Risk Profile of Banks within
        PTKB.                                                        RBBR.




                                                        131
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PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     • Pembuatan stress test kredit untuk menguji          • Conduct credit stress to test the resilience
       ketahanan modal Bank dalam kondisi                    of the Bank’s capital under stress
       stress.                                               conditions.

     Prinsip yang diterapkan oleh Bank untuk               The principle by which the Bank conducts their
     menjalankan aktivitas manajemen risiko kredit         credit risk management activities is governed
     didasarkan pada kebijakan risiko kredit yang          by credit risk policy that incorporates Bank
     mencakup     persyaratan      peraturan    Bank       Indonesia’s regulatory requirements, Financial
     Indonesia, Otoritas Jasa Keuangan dan                 Services Authority as well as internal policies.
     kebijakan-kebijakan internal. Kebijakan internal      Internal policies are reviewed periodically in
     direviu secara berkala agar sejalan dengan            accordance with changes in the regulatory
     perkembangan terkini peraturan, lingkungan            requirements, business environment and
     bisnis dan perubahan-perubahan yang terjadi           changes resulting from the Bank’s business
     karena pertumbuhan bisnis Bank dan kondisi            growth and global economic condition
     ekonomi global terutama rekomendasi Komite            especially      the      Basel      Committee
     Basel.                                                recommendations.

     Untuk     kredit   yang   diberikan,    Bank          For the loans, Bank uses the collateral to
     menggunakan agunan untuk meminimalkan                 minimize the credit risk. Loans in Bank are
     risiko kredit. Berdasarkan klasifikasi, kredit        classified into two major category:
     Bank dapat dibedakan menjadi dua kelompok
     besar, yaitu:
     1. Secured loans                                      1.    Secured loans
     2. Unsecured loans                                    2.    Unsecured loans

     Untuk secured loans, Bank menetapkan jenis            For secured loans, Bank determined the type
     dan nilai agunan yang dijaminkan sesuai               and value of collateral according to the loan
     skema kredit. Jenis dari agunan terdiri dari:         scheme. Types of collateral are as follows:
     a. Physical collateral, antara lain tanah,            a. Physical collateral, such as land, buildings
         bangunan dan BPKB kendaraan motor.                    and proof of vehicle ownership.
     b. Cash collateral, antara lain simpanan              b. Cash collateral, such as deposits (savings,
         (tabungan, giro dan deposito berjangka,               current accounts, time deposit, gold)
         emas), financial collateral (surat berharga).         financial collateral (securities).
     c. Lainnya, antara lain jaminan pemerintah,           c. Others, such as guarantees, government
         garansi dan lembaga penjamin.                         guarantees and guarantee institution.

     Apabila terjadi default (gagal bayar), Bank akan      If a times of default, the Bank will use the
     menggunakan agunan tersebut sebagai pilihan           collateral as a last resort to fulfill counterparty
     terakhir    untuk      pemenuhan       kewajiban      obligations.
     counterparty.

     Unsecured loans terdiri dari fully unsecured          Unsecured loans consist of fully unsecured
     loans dan partially secured loans seperti kredit      loans and partially secured loans such as
     untuk karyawan golongan berpenghasilan tetap          loans for fixed income employees (especially
     (khususnya      kredit    karyawan).     Dalam        for employee’s loan). In their obligations
     pembayaran kewajibannya, partially secured            payment, partially secured loans are generally
     loans umumnya dilakukan melalui pemotongan            made through automatic payroll deduction.
     penghasilan secara otomatis.

     Dengan demikian, meskipun kredit tersebut             Although it is included in the unsecured loans
     termasuk dalam kategori unsecured loans               category, the risk level of partially secured
     namun tingkat risiko dari partially secured loans     loans is lower than the carrying value. As for
     tidak sebesar nilai tercatat kredit. Sedangkan        fully unsecured loan, the risk level is equal to
     untuk fully unsecured loans, tingkat risiko           the carrying value. For Unsecured loans,
     adalah sebesar nilai tercatat kredit. Untuk           banks have also used various Know Your
     unsecured loan bank juga telah menggunakan            Customer (KYC) identification and validation


                                                     132
Page 489
PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

     berbagai proses identifikasi dan validasi Know         processes as well as the use of scoring models
     Your Customer (KYC) serta penggunaan                   to mitigate the credit risk of unsecured loan
     scoring model untuk memitigasi risiko kredit           debtors.
     debitur-debitur unsecured loan.

     Sampai dengan triwulan 3 2023, pertumbuhan             Until the 3rd quarter of 2023, Indonesia's
     ekonomi Indonesia masih cukup tinggi dimana            economic growth was still quite high, where in
     pada triwulan 1 dan 2 2023 pertumbuhan PDB             the 1st and 2nd quarters of 2023 GDP growth
     mencapai 5,04% dan 5,17%, meskipun pada                reached 5.04% and 5.17%, although in the 3rd
     kuartal 3 2023 mengalami sedikit penurunan             quarter of 2023 it experienced a slight decline
     menjadi 4,94%. Berdasarkan data BPS terlihat           to 4.94%. Based on BPS data, it can be seen
     5 sektor yang memiliki portofolio kredit terbesar      that the 5 sectors that have the largest credit
     di Bank memiliki pertumbuhan PDB yang lebih            portfolio at Bank have GDP growth that higher
     tinggi dibanding pertumbuhan PDB nasional              than national GDP growth, except for the
     kecuali sektor Pertanian. Keempat sektor               Agriculture sector. The four economic sectors
     ekonomi tersebut yaitu sektor Informasi dan            are the Information and Communication sector
     Komunikasi (8,52%), sektor Transportasi dan            (8.52%), Transportation and Warehousing
     Pergudangan      (14,74%),     sektor     Industri     sector (14.74%), Processing Industry sector
     Pengolahan       (5,20%),       serta      sektor      (5.20%),     and    Mining   sector   (6.95%).
     Pertambangan dan Penggalian (6,95%).                   Meanwhile, GDP growth in the agricultural
     Sementara pertumbuhan PDB di sektor                    sector was 1.46%, still lower than national
     pertanian sebesar 1,46%, masih lebih rendah            GDP growth, namely 4.94%.
     dibanding pertumbuhan PDB nasional yaitu
     sebesar 4,94%.

     Di tengah momentum perbaikan ekonomi, Bank             Amid      the    momentum     of    economic
     berupaya    untuk    terus    meningkatkan             improvement, the Bank seeks to continue to
     pertumbuhan kredit dengan memfokuskan                  increase credit growth by focusing on credit
     pertumbuhan kredit kepada debitur-debitur              growth for large debtors, especially in the
     besar terutama di segmen Korporasi dan                 Corporate and Indirect Channel (Executing and
     segmen Indirect Channel (Executing dan Joint           Joint Financing) segments.
     Financing).

     Selain itu, Bank juga tetap berupaya untuk             In addition, the Bank also continues to strive to
     menjaga kualitas portofolio kredit agar tetap          maintain the quality of the credit portfolio so
     berada di level risk appetite dan risk tolerance       that it remains at the level of the Bank's risk
     Bank antara lain melalui:                              appetite and risk tolerance, among others
                                                            through:
     1. Melakukan proses akuisisi kredit yang               1. Conduct prudent credit acquisition to
        prudent untuk memastikan kualitas kredit               ensure credit quality with a focus on strong
        debitur dengan fokus pada debitur-debitur              backbone and good business prospect
        yang memiliki backbone yang kuat dan                   debtors. Bank also implements several
        memiliki prospek usaha yang baik. Bank                 credit acquisition tools and parameters to
        juga menerapkan berbagai macam tools                   obtain good quality debtors.
        dan parameter akuisisi kredit untuk
        memperoleh          debitur-debitur   yang
        berkualitas baik.
     2. Penerapan early warning signal melalui              2. Implementation of early warning signals
        watchlist debitur restruktur Covid-19 serta            through watchlist of restructured Covid-19
        secara berkala melakukan stress test atas              debtors and conduct stress tests on the
        portofolio restruktur Covid-19.                        restructuring   portfolio   of    Covid-19
                                                               periodically.

     Meskipun saat ini pandemi Covid-19 telah               Even though the Covid-19 pandemic has
     mengalami perbaikan yang signifikan, masih             experienced significant improvements, there
     terdapat daerah maupun sektor tertentu yang            are particular region and sectors affected by
     terkena dampak pandemi sehingga setelah                the pandemic so that after the validity period of

                                                      133
Page 490
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     masa berlaku POJK Stimulus Perekonomian             the POJK National Economic Stimulus as a
     Nasional sebagai Kebijakan Countercyclical          Countercyclical Policy on the Impact of the
     Dampak Penyebaran Coronavirus Disease               Spread of Coronavirus Disease 2019 ends,
     2019 berakhir, OJK sebagai regulator telah          OJK as the regulator has issued a follow-up
     mengeluarkan kebijakan lanjutan melalui POJK        policy through POJK No. 19 of 2022
     No.19 tahun 2022 tentang Perlakuan Khusus           concerning Special Treatment for Financial
     Untuk Lembaga Jasa Keuangan Pada Daerah             Services Institutions in Certain Regions and
     dan Sektor Tertentu di Indonesia yang Terkena       Sectors in Indonesia Affected by Disasters.
     Dampak Bencana. Menindaklanjuti kebijakan           Following up on this policy, OJK has also
     tersebut, OJK juga telah menetapkan sektor,         determined sectors, region, and segment that
     daerah, dan segmen yang memerlukan                  require special treatment of credit, namely the
     perlakuan khusus terhadap kredit yaitu sektor       Accommodation and Food and Drink Provision
     Penyediaan Akomodasi dan Penyediaan                 sector, the textile, textile product, and footwear
     Makan Minum, sektor tekstil dan produk tekstil,     sector, the province of Bali, and SME segment
     serta alas kaki, provinsi Bali, dan segmen          which took effect from          April 1, 2023 to
     UMKM yang mulai berlaku sejak tanggal 1 April       March 31, 2024
     2023 sampai dengan 31 Maret 2024.

     Bank telah menindaklanjuti terbitnya POJK           The Bank has followed up on the issuance of
     tersebut      dengan      membuat     maupun        the POJK by making and adjusting credit
     menyesuaikan kebijakan-kebijakan perkreditan        policies which aim to improve the quality of the
     yang mendukung upaya perbaikan kualitas             loan portfolio during the pandemic since 2020
     portofolio kredit di masa pandemi sejak tahun       and are still being reviewed and updated
     2020 dan tetap direviu dan dikinikan secara         regularly. These policies include:
     berkala.       Kebijakan-kebijakan    tersebut
     diantaranya:
     • Stimulus Perekonomian Nasional Sebagai            • National    Economic     Stimulus   as    a
        Kebijakan        Countercyclical   Dampak          Countercyclical Policy on the Impact of the
        Penyebaran Coronavirus Disease 2019                Spread of Coronavirus Disease 2019
     • Komite Restrukturisasi Kredit Terkait             • Credit Restructuring Committee for due to
        Coronavirus Disease 2019                           Coronavirus Disease 2019
     • Pemberian BWMK Khusus Restrukturisasi             • Giving Loan Restructure Limit Authority to
        Kredit Terdampak Covid-19 kepada pejabat           authorized officer.
        Bank yang berwenang.
     • Perlakuan Khusus untuk Debitur di Daerah          • Special Treatment for Debtors in Certain
        dan Sektor Tertentu di Indonesia yang              Regions and Sectors in Indonesia that
        Terkena Dampak Bencana                             Affected by Disaster.

     Manajemen risiko kredit difokuskan pada             Credit risk management focused on the
     persiapan infrastruktur untuk mendukung             preparation of infrastructures to support the
     strategi bisnis Bank, yang mencakup aspek-          Bank’s strategic business, which covers the
     aspek berikut:                                      following aspects:
     • Pengawasan aktif Dewan Komisaris dan              • Active supervision of the Board of
        Direksi.                                             Commissioners and Board of Directors.
     • Kecukupan kebijakan, prosedur, dan                • The adequacy of policies, procedures and
        penetapan limit.                                     limits.
     • Kecukupan dan kualitas sumber daya                • The adequacy and quality of human
        manusia.                                             resources.
     • Kecukupan modal risiko kredit dengan              • The adequacy of credit risk capital with a
        standardized approach.                               standardized approach.
     • Kecukupan pencadangan atas portofolio             • The adequacy of productive assets
        aset produktif yang dimiliki.                        impairment.
     • Pengukuran risiko kredit terhadap risiko          • Measurement of credit risk to inherent risk
        inheren dan sistem pengendalian risiko               and the risk control system in the form of a
        berupa profil risiko kredit komposit.                composite credit risk profile.


                                                   134
Page 491
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     • Pengukuran tingkat risiko debitur dengan          • Measurement of the risk level of debtors by
       menggunakan rating dan scoring.                     using rating and scoring.
     • Pemantauan komposisi dan kondisi setiap           • Monitoring the composition and condition of
       debitur atau counterparty pada seluruh              each debtor or counterparty in all bank
       portofolio bank.                                    portfolios.
     • Pemantauan eksposur risiko kredit secara          • Monitoring credit risk exposures regularly
       berkala dan terus menerus serta membuat             and making reports related to the
       laporan      terkait  perkembangan    dan           development and causes of credit risk
       penyebab risiko kredit secara berkala ke            regularly to the Risk Management
       Komite Manajemen Risiko dan Direksi.                Committee and Directors.
     • Batas wewenang pemutusan kredit.                  • Credit determination limits.
     • Sistem      pengendalian    internal yang         • Comprehensive internal control system.
       menyeluruh.

     Bank sudah menerapkan pengukuran risiko             The Bank has implemented Basel II risk
     kredit Basel II     dengan menggunakan              measurement using standardized approach.
     pendekatan standar.

     Di samping itu, Bank telah menerapkan PSAK          Moreover, Bank has implemented PSAK 71 in
     71 dalam perhitungan Cadangan Kerugian              calculating Allowance for Impairment Losses
     Penurunan Nilai (CKPN). Cadangan Kerugian           (CKPN). Allowance for Impairment Losses
     Penurunan Nilai (CKPN) dihitung untuk               (CKPN) calculated for financial instrument that
     instrumen keuangan yang tergolong dalam             were classified in amortized cost (AC) and fair
     biaya perolehan yang diamortisasi (AC) serta        value through other comprehensive income
     nilai wajar melalui penghasilan komprehensif        (FVOCI) such as Interbank Placement,
     lain (FVOCI), diantaranya adalah penempatan         securities, loans, Bank Guarantee, and trade
     pada bank, efek-efek, kredit yang diberikan,        finance product such as letters of credit (L/C)
     bank garansi, serta produk-produk trade             and SKBDN.
     finance seperti letters of credit (L/C) dan
     SKBDN.

     Metodologi perhitungan CKPN dikelompokkan           CKPN Calculation methodology grouped into 2
     ke dalam 2 (dua) kategori: Kolektif dan             categories, collective and individual. This
     Individual. Metode penurunan nilai ini              method is used to calculate CKPN for
     digunakan untuk menghitung CKPN fasilitas           significant and non-significant loans. Minimum
     kredit yang terkait dengan significant loan dan     criteria that describe significant and non
     non-significant loan. Minimum kriteria yang         significant loan referred to Bank’s Financial
     termasuk dalam kategori significant loan dan        Asset Impairment Policy.
     non-significant loan mengacu kepada Pedoman
     Penurunan Nilai Aset Keuangan Bank.

     CKPN kolektif dihitung dengan menggunakan           Collective CKPN is calculated by using some
     beberapa parameter, yaitu Probability of            parameters which are Probability of Default
     Default (PD), Loss Given Default (LGD), dan         (PD), Loss Given Default (LGD), and Exposure
     Exposure at Default (EAD).                          at Default (EAD).

     PD dihitung dengan pendekatan statistik yaitu       PD is calculated by using statistical approach
     Migration Analysis untuk semua segmen               which is migration analysis to all segment to
     dengan menentukan probabilitas migrasi antar-       determine migration probability per grade. For
     grade. Khusus PD untuk produk treasury              treasury product PD, the values came from
     nilainya didapat dari lembaga pemeringkat           rating agency. In PSAK 71, PD must consider
     yang diakui oleh Regulator. Dalam PSAK 71,          forward-looking adjustment. The Calculation of
     PD harus memperhitungkan forward-looking            PD after forward-looking is obtained by taking
     adjustment. Perhitungan PD after forward-           into account macroeconomic factor that have
     looking diperoleh dengan memperhitungkan            significant effect to PD after weighted through
     faktor makroekonomi yang berpengaruh                3 scenarios, base, best and worst scenario.

                                                   135
Page 492
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

     signifikan terhadap PD serta telah diboboti          The amount of forward-looking PD consists of
     dengan 3 skenario yaitu base, best, dan worst        2 categories which are 12 months PD and
     scenario. Nilai PD after forward-looking terdiri     lifetime PD, so that after forward-looking, PD
     dari 2 jenis yaitu PD 12 bulan dan PD lifetime,      amount can be available until maturity date.
     sehingga nilai PD after forward-looking              Minimum historical data to calculate PD for non
     setidaknya tersedia hingga aset Bank jatuh           credit card is 5 years while minimum historical
     tempo. Data history untuk perhitungan PD non-        data for credit card is 3 years.
     kartu Kredit adalah minimal 5 tahun sedangkan
     untuk segmen kartu kredit minimal 3 tahun.
     Bank harus mengakui LGD untuk setiap jenis           The Bank must consider LGD for each type of
     jaminan/ agunan dan dampak yang dihasilkan           collateral and effect that came from
     dari perubahan ekonomi makro. Begitu juga            macroeconomics change. So with recovery
     dengan recovery period dihitung sejak kredit         period is calculated since the loan is default.
     default. Recovery Period untuk segmen Kredit         Recovery period for non credit card segment is
     non Kartu Kredit adalah selama 5 tahun.              5 years, while for credit card segment is 3
     Sedangkan untuk segmen Kartu Kredit adalah           years.
     3 tahun.
     EAD merupakan berapa exposure portofolio             EAD is the amount of portfolio exposure when
     saat kredit mengalami default, ditambahkan           the credit default, added with unused facility
     dengan kelonggaran tarik dan dikalikan dengan        multiple by Credit Covertion Factor (CCF).
     Credit Convertion Factor (CCF). CCF untuk            CCF for loans that still have unused facility
     kredit yang masih memilki kelonggaran tarik          calculated based on how much utilization from
     dihitung berdasarkan besarnya utilisasi unused       loan at the time of default by using historical
     dari kredit pada saat default dengan melihat         data.
     historical data.

     Perhitungan CKPN Individual dilakukan dengan         Individual CKPN is calculated in reference to
     mengacu kepada prinsip akuntansi dan                 accounting principal and Bank’s policy, which
     pedoman Bank, yaitu metode asset settlement          are asset settlement and discounted cash flow
     dan discounted cash flow.                            methods.

     Bank juga melakukan pengukuran dan                   The Bank also measures and reports
     pelaporan secara periodik ke Otoritas Jasa           periodically to Financial Services Authority
     Keuangan (OJK) dalam pengelolaan risiko              (OJK) in terms of credit risk management
     kredit berdasarkan parameter risiko kredit pada      based on the credit risk parameters of
     Penilaian Tingkat Kesehatan Bank (PTKB)              Assessment of Bank Soundness Level (PTKB)
     dengan menggunakan pendekatan risiko (Risk-          using Risk-based Bank Rating (RBBR) which
     based Bank Rating/RBBR) yang terdiri dari 2          consist of 2 (two) categories:
     (dua) bagian, yaitu:
     1. Risiko Inheren                                    1. Inherent Risks
         • Komposisi portofolio aset dan tingkat             • Asset portfolio compositions and level
             konsentrasi kredit.                                of credit concentration.
         • Kualitas      penyediaan    dana      dan         • Funding procurement quality and
             kecukupan pencadangan.                             provision adequacy.
         • Strategi penyediaan dana dan sumber               • Funding procurement strategy and
             timbulnya penyediaan dana.                         resources.
         • Faktor eksternal.                                 • External factors.
     2. Kualitas Penerapan Manajemen Risiko               2. Credit Risk Management Implementation
         Kredit                                              Quality
         • Tata kelola risiko kredit.                        • Credit risk governance.
         • Kerangka manajemen risiko kredit.                 • Credit risk management frameworks.
         • Proses manajemen risiko kredit, sistem            • Credit risk management process,
             informasi, dan sumber daya manusia.                information    system,    and human
                                                                resources.
         • Sistem pengendalian risiko kredit.                • Credit risk control system.

                                                    136
Page 493
PT BANK MEGA TBK                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                      Unless Otherwise Stated)

     i.   Eksposur Maksimum terhadap Risiko                               i.    Maximum Exposure to Credit Risk
          Kredit
          Untuk aset keuangan yang diakui pada                                  For financial assets recognized in the
          laporan      posisi keuangan,    eksposur                             statement of financial position, the
          maksimum atas risiko kredit setara dengan                             maximum exposure to credit risk is
          nilai tercatatnya.                                                    equivalent to its carrying value.

          Dalam penerbitan bank garansi dan letters                             For guarantees and irrevocable letters of
          of credit yang tidak dapat dibatalkan,                                credit issued, the maximum exposure to
          eksposur maksimum atas risiko kredit                                  credit risk is the maximum amount that the
          adalah nilai maksimum yang harus                                      Bank would have to pay if the obligations
          dibayarkan oleh Bank dalam hal timbul                                 of the guarantees and irrevocable letters of
          kewajiban atas penerbitan bank garansi                                credit issued are called upon. For credit
          dan letters of credit yang tidak dapat                                commitments, the maximum exposure to
          dibatalkan.   Untuk    komitmen      kredit,                          credit risk is the full amount of the undrawn
          eksposur maksimum atas risiko kredit                                  committed credit facilities granted to
          adalah sebesar jumlah fasilitas yang belum                            customers.
          ditarik dari fasilitas kredit yang telah
          disepakati (committed) yang diberikan
          kepada nasabah.

          Tabel    berikut    menyajikan eksposur                               The following table presents the Bank’s
          maksimum risiko kredit Bank atas                                      maximum exposure to credit risk of its
          instrumen keuangan pada laporan posisi                                financial instruments on the statements of
          keuangan dan rekening administratif tanpa                             financial position and administrative
          memperhitungkan agunan kredit atau                                    accounts without taking into account of any
          jaminan kredit lainnya.                                               collateral     held   or     other    credit
                                                                                enhancement.

                                                          2023                  2022
          Uraian                                                                                                         Description
          Posisi keuangan :                                                                                      Financial position :
          Giro pada Bank Indonesia                                                                       Current accounts with Bank
             (Catatan 5)                                    6,822,433             8,691,986                        Indonesia (Note 5)
          Giro pada bank lain                                                                            Current accounts with other
             (Catatan 6)                                      645,876              758,773                             banks (Note 6)
          Penempatan pada Bank                                                                                 Placements with Bank
          Indonesia dan bank lain                                                                         Indonesia and other banks
             (Catatan 7)                                    3,356,000             9,164,176                                   (Note 7)
          Efek-efek (Catatan 8)                            37,624,588            39,177,941                        Securities (Note 8)
          Efek-efek yang dibeli dengan                                                                   Securities purchased under
             janji dijual kembali (Catatan 9)               7,215,441             3,254,705              agreement to resell (Note 9)
          Tagihan derivatif (Catatan 10)                       20,974                10,119          Derivative receivables (Note 10)
          Kredit yang diberikan
             (Catatan 11)                                  66,292,896            70,289,357                        Loans (Note 11)
          Tagihan akseptasi (Catatan 12)                            --               53,031         Acceptance receivable (Note 12)
          Aset lain-lain *)                                 1,525,993             1,348,412                         Other assets *)
          Rekening administratif :                                                                       Administrative accounts :
          Bank garansi                                        363,724              559,581                         Bank guarantees
          L/C tidak dapat dibatalkan                                                                     Outstanding irrevocable L/C
             yang masih berjalan                                2,056               120,333                                issued
          Total                                           123,869,981           133,428,414                                    Total

          *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa,
              tagihan penjualan surat berharga, dan aset yang diblokir/
             Included in other assets are accrued interest receivables, guarantee deposits, lease receivables,
              receivables from sales of marketable securities, and restricted assets




                                                              137
Page 494
PT BANK MEGA TBK                                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                       Unless Otherwise Stated)

     ii.   Analisis Risiko Konsentrasi Kredit                             ii.    Concentration of Credit Risk Analysis
           Tabel di bawah ini menunjukkan eksposur                               The table below shows the net maximum
           maksimum            bersih         (setelah                           exposure (after considering collateral) to
           memperhitungkan agunan) atas risiko                                   credit risk of securities purchased under
           kredit untuk efek-efek yang dibeli dengan                             agreement to resell as of December 31,
           janji   dijual   kembali    pada    tanggal                           2023 and 2022:
           31 Desember 2023 dan 2022:

                                           Eksposur
                                          Maksimum/                                    Eksposur
                                          Maximum                 Agunan/                - Neto/
                                          Exposure               Collateral          Net Exposure

           2023                                                                                                                 2023
           Efek-efek yang dibeli dengan                                                                   Securities purchased under
             janji dijual kembali              7,215,441               7,220,899                    --         agreement to resell

           2022                                                                                                                 2022
           Efek-efek yang dibeli dengan                                                                   Securities purchased under
             janji dijual kembali              3,254,705               3,256,824                    --         agreement to resell


           Risiko konsentrasi kredit dapat terjadi bila                          Concentrations of credit risk arise when a
           sejumlah nasabah bergerak di bidang                                   number of customers are engaged in
           usaha yang sejenis, atau memiliki kegiatan                            similar business activities or activities
           usaha berada di dalam wilayah geografis                               within the same geographic region, or
           yang sama, atau memiliki karakteristik                                when they have similar characteristics that
           yang serupa yang dapat menyebabkan                                    would cause their ability to meet
           kemampuan nasabah untuk memenuhi                                      contractual obligations to be similarly
           kewajiban atas perjanjian kredit sama-                                affected by changes in economic or other
           sama     terpengaruh     oleh   perubahan                             conditions.
           ekonomi ataupun kondisi lainnya.

           Bank mendorong adanya diversifikasi                                   The Bank encourages the diversification of
           portofolio kreditnya pada berbagai wilayah                            its credit portfolio among a variety of
           geografis, industri dan produk kredit                                 geographical area, industries, and credit
           sebagai upaya untuk meminimalisasi risiko                             product in order to minimize concentrated
           konsentrasi kredit. Bank sudah memiliki                               credit risk. The Bank already has a lending
           limit pembiayaan dan alat pengukuran limit                            limit based on economic sectors for all
           pembiayaan berdasarkan sektor ekonomi                                 credit segments. In addition, the Bank also
           untuk seluruh segmen kredit. Selain itu,                              maintains credit concentration on core
           Bank juga menjaga konsentrasi kredit                                  debtors so that it is in line with the risk
           terhadap debitur inti agar sejalan dengan                             appetite and risk tolerance that have been
           risk appetite dan risk tolerance yang telah                           stated in the risk limit policy.
           ditetapkan dalam kebijakan risk limit.




                                                           138
Page 495
PT BANK MEGA TBK                                                                                                                                                                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                                                                                                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                                                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                                                                                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                                                                                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                                                                                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                                                                                                              Unless Otherwise Stated)

        Konsentrasi risiko kredit berdasarkan jenis debitur:                                                                                                           Credit risk concentration by counterparties:
                                                                                                                                           31 Desember/December 31, 2023
                                         Giro pada
                                            Bank                Penempatan
                                         Indonesia               pada Bank
                                          dan bank               Indonesia                                      Efek-efek yang
                                            lain/                 dan bank                                      dibeli dengan
                                          Current                   lain/                                         janji dijual
                                         accounts               Placements                                         kembali/                                                                                                 Komitmen dan
                                         with Bank               with Bank                                        Securities                Tagihan                  Tagihan              Kredit          Aset lain-         kontinjensi/
                                         Indonesia               Indonesia                                     purchase under               derivatif/              akseptasi/             yang            lain *)/         Commitments
                                         and other               and other                Efek-efek/              agreement                Derivative              Acceptance           diberikan/         Other                 and            Jumlah/
                                           banks                   banks                  Securities               to resell               receivable               receivable            Loans           assets *)         contingencies        Total
         Korporasi                                      --                      --                     5,226                     --                       --                       --       44,225,509           220,985            325,825        44,777,545     Corporate
         Pemerintah                                                                                                                                                                                                                                             Government
           dan Bank                                                                                                                                                                                                                                             and Bank
           Indonesia                           6,822,433                2,349,657              37,407,536                1,898,866                        --                       --        2,113,127            765,708                 --       51,357,327   Indonesia
         Bank                                    645,876                1,006,343                 211,826                5,316,575                   18,550                        --           82,542            216,167                 --        7,497,879        Banks
         Ritel                                         --                       --                      --                       --                   2,424                        --       19,871,718            323,133            39,955        20,237,230        Retail
         Total                                 7,468,309                3,356,000              37,624,588                7,215,441                   20,974                        --       66,292,896          1,525,993           365,780       123,869,981         Total

         *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
            Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets


                                                                                                                                           31 Desember/December 31, 2022
                                         Giro pada
                                            Bank                Penempatan
                                         Indonesia               pada Bank
                                          dan bank               Indonesia                                      Efek-efek yang
                                            lain/                 dan bank                                      dibeli dengan
                                          Current                   lain/                                         janji dijual
                                         accounts               Placements                                         kembali/                                                                                                 Komitmen dan
                                         with Bank               with Bank                                        Securities                Tagihan                  Tagihan              Kredit          Aset lain-         kontinjensi/
                                         Indonesia               Indonesia                                     purchase under               derivatif/              akseptasi/             yang            lain *)/         Commitments
                                         and other               and other                Efek-efek/              agreement                Derivative              Acceptance           diberikan/         Other                 and            Jumlah/
                                           banks                   banks                  Securities               to resell               receivable               receivable            Loans           assets *)         contingencies        Total
         Korporasi                                      --                      --                     5,321                      --                      --                  53,031         43,010,062           257,795            626,970       43,953,179     Corporate
         Pemerintah                                                                                                                                                                                                                                             Government
           dan Bank                                                                                                                                                                                                                                             and Bank
           Indonesia                           8,691,986                9,164,176              38,762,999                3,254,705                        --                       --         8,206,511           736,779                  --      68,817,156   Indonesia
         Bank                                    758,773                        --                409,621                        --                   9,965                        --           246,124             4,027                  --       1,428,510        Banks
         Ritel                                         --                       --                      --                       --                     154                        --        18,826,660           349,811             52,944       19,229,569        Retail
         Total                                 9,450,759                9,164,176              39,177,941                3,254,705                   10,119                   53,031         70,289,357         1,348,412            679,914      133,428,414         Total


         *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
            Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets




                                                                                                                                                 139
Page 496
PT BANK MEGA TBK                                                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                               Unless Otherwise Stated)

     iii. Informasi mengenai aset keuangan yang                                      iii. Information about impaired                          and       not
          mengalami penurunan nilai dan tidak                                             impaired financial assets
          mengalami penurunan nilai

        Efek-efek                                                                             Securities

                                                              31 Desember/December 31, 2023
                                                  Tidak mengalami      Mengalami
                                                  penurunan nilai/   penurunan nilai/      Jumlah/
                                                    Not Impaired        Impaired            Total

         Obligasi korporasi                                    217,052                   --              217,052                         Corporate bonds
         Sekuritas Rupiah Bank Indonesia                     4,938,409                   --            4,938,409        Bank Indonesia Rupiah Securities
         Obligasi Republik Indonesia                           212,910                   --              212,910             Republic of Indonesia bonds
         Obligasi Pemerintah Indonesia                      31,957,968                   --           31,957,968           Indonesian government bonds
         Obligasi Ritel Indonesia                              298,249                   --              298,249                 Indonesian Retail bonds
         Total                                              37,624,588                   --           37,624,588                                    Total


                                                             31 Desember/December 31, 2022
                                                  Tidak mengalami     Mengalami
                                                  penurunan nilai/  penurunan nilai/      Jumlah/
                                                    Not Impaired       Impaired            Total

         Obligasi korporasi                                    414,942                   --              414,942                            Corporate bonds
         Obligasi Republik Indonesia                           208,688                   --              208,688                Republic of Indonesia bonds
         Obligasi Pemerintah Indonesia                      38,256,990                   --           38,256,990              Indonesian government bonds
         Obligasi Ritel Indonesia                              297,321                   --              297,321                   Indonesian Retail bonds
         Total                                              39,177,941                   --           39,177,941                                       Total


        Kredit yang diberikan                                                                 Loans
        Pada tanggal 31 Desember 2023 dan                                                     As of December 31, 2023 and 2022, these
        2022, aset keuangan ini mengalami                                                     financial assets are impaired either
        penurunan nilai secara individual maupun                                              individually or collectively.
        kolektif.

        Ikhtisar kredit yang diberikan pada tanggal                                           Loans as of December 31, 2023 and 2022,
        31 Desember 2023 dan 2022 adalah                                                      are summarized as follows:
        sebagai berikut:
                                                                  31 Desember/December 31, 2023
                                                                     Mengalami penurunan nilai/
                                         Tidak mengalami                      Impaired
                                         penurunan nilai/         Individual/           Kolektif/            Jumlah/
                                           Not impaired            Individual          Collective             Total

         Korporasi                              46,012,954                325,681                    --        46,338,635                         Corporate
         Komersial                               2,475,458                255,465               32,677          2,763,600                       Commercial
         Usaha Kecil                                14,645                      --               1,778             16,423                  Small Enterprises
         Konsumsi                                  285,979                 19,734                5,945            311,658                         Consumer
         Pembiayaan
           Bersama                              10,275,589                      --             253,770         10,529,359                    Joint Financing
         Kartu Kredit                            6,197,914                      --             147,130          6,345,044                        Credit Card
         Total                                  65,262,539                600,880              441,300         66,304,719                               Total

         Pendapatan
          bunga yang
          ditangguhkan                            (11,823)                      --                   --            (11,823)         Unearned interest income
         Cadangan
          kerugian
          penurunan                                                                                                                            Allowance for
          nilai                                  (341,290)               (190,991)             (72,535)         (604,816)                impairment losses
         Neto                                   64,909,426                 409,889             368,765         65,688,080                                Net




                                                                         140
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PT BANK MEGA TBK                                                                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                      Unless Otherwise Stated)

                                                                             31 Desember/December 31, 2022
                                                                                Mengalami penurunan nilai/
                                                 Tidak mengalami                         Impaired
                                                 penurunan nilai/            Individual/           Kolektif/                           Jumlah/
                                                   Not impaired               Individual          Collective                            Total

         Korporasi                                      50,870,841                      295,846                          --                 51,166,687                                Corporate
         Komersial                                       2,960,383                      149,100                     24,867                   3,134,350                              Commercial
         Usaha Kecil                                        40,340                            --                     1,224                      41,564                         Small Enterprises
         Konsumsi                                          397,658                            --                     2,278                     399,936                                Consumer
         Pembiayaan
           Bersama                                       9,148,314                            --                   211,871                   9,360,185                           Joint Financing
         Kartu Kredit                                    6,035,135                            --                   173,446                   6,208,581                               Credit Card
         Total                                          69,452,671                      444,946                    413,686                  70,311,303                                      Total

         Pendapatan
          bunga yang
          ditangguhkan                                     (21,910)                            --                       (36)                    (21,946)              Unearned interest income
         Cadangan
          kerugian
          penurunan                                                                                                                                                                Allowance for
          nilai                                          (353,703)                    (164,112)                    (54,215)                  (572,030)                       impairment losses
         Neto                                           69,077,058                      280,834                    359,435                  69,717,327                                       Net


        Mutasi cadangan kerugian penurunan nilai                                                                Movement of allowance for impairment
        berdasarkan jenis kredit yang diberikan                                                                 losses by type of loans as of December
        pada tanggal 31 Desember 2023 dan 2022:                                                                 31, 2023 and 2022:
                                                                          Tahun yang Berakhir pada tanggal 31 Desember 2023/
                                                                                     Year Ended December 31, 2023
                                                                                                                 Pembiayaan
                                                                          Usaha Kecil/                            Bersama/
                                    Korporasi/          Komersial/           Small            Konsumsi/             Joint           Kartu Kredit/          Jumlah/
                                    Corporate          Commercial         Enterprises         Consumer            Financing         Credit Card             Total

         Saldo per                                                                                                                                                                        Balance as at
          31 Desember 2022                220,811              28,407              1,691              2,118              93,040             225,963             572,030           December 31, 2021
         Penambahan (pemulihan)                                                                                                                                                    Additional (reversal)
          penyisihan selama tahun                                                                                                                                                    provision during
          berjalan (Catatan 11)            34,321             (13,525)            (4,295)            (2,851)             98,424              79,746             191,820            the year (Note 11)
         Penerimaan kembali                                                                                                                                                               Recoveries of
          kredit yang telah                                                                                                                                                                 previously
          dihapusbukukan                          --            8,907              7,099              2,112                    78           293,067             311,263              written-off loans
         Penghapusbukuan                                                                                                                                                                Write-off during
          selama tahun berjalan                   --           (1,238)             (722)               (337)           (65,450)           (402,388)           (470,135)                        the year
         Selisih penjabaran                                                                                                                                                           Foreign exchange
          kurs                               (162)                   --                --                 --                   --                   --               (162)                 differences
         Saldo per                                                                                                                                                                        Balance as at
          31 Desember 2023                254,970              22,551              3,773              1,042            126,092              196,388             604,816           December 31, 2023

         Cadangan kerugian                                                                                                                                                               Allowance for
          penurunan nilai                                                                                                                                                          impairment losses
          Individu                        182,229               8,059                703                  --                 --                   --            190,991                    Individual
          Kolektif                         72,741              14,492              3,070              1,042            126,092              196,388             413,825                    collective
         Total                            254,970              22,551              3,773              1,042            126,092              196,388             604,816                           Total


                                                                          Tahun yang Berakhir pada tanggal 31 Desember 2022/
                                                                                     Year Ended December 31, 2022
                                                                                                                 Pembiayaan
                                                                          Usaha Kecil/                            Bersama/
                                    Korporasi/          Komersial/           Small            Konsumsi/             Joint           Kartu Kredit/          Jumlah/
                                    Corporate          Commercial         Enterprises         Consumer            Financing         Credit Card             Total

         Saldo per                                                                                                                                                                        Balance as at
          31 Desember 2021                191,722               7,899              2,855              2,413              80,139             222,111             507,139           December 31, 2021
         Penambahan (pemulihan)                                                                                                                                                    Additional (reversal)
          penyisihan selama tahun                                                                                                                                                    provision during
          berjalan (Catatan 11)            27,605             (14,169)           (13,555)            (4,537)             34,148             119,265             148,757            the year (Note 11)
         Penerimaan kembali                                                                                                                                                               Recoveries of
          kredit yang telah                                                                                                                                                                 previously
          dihapusbukukan                          --           37,919             14,096              7,697                 140             270,009             329,861              written-off loans
         Penghapusbukuan                                                                                                                                                                Write-off during
          selama tahun berjalan                   --           (3,242)            (1,705)            (3,455)           (21,387)           (385,422)           (415,211)                        the year
         Selisih penjabaran                                                                                                                                                           Foreign exchange
          kurs                              1,484                    --                --                 --                   --                   --               1,484                 differences
         Saldo per                                                                                                                                                                        Balance as at
          31 Desember 2022                220,811              28,407              1,691              2,118              93,040             225,963             572,030           December 31, 2022

         Cadangan kerugian                                                                                                                                                               Allowance for
          penurunan nilai                                                                                                                                                          impairment losses
          Individu                        154,839               9,273                  --                 --                  --                  --            164,112                    Individual
          Kolektif                         65,972              19,134              1,691              2,118              93,040             225,963             407,918                    collective
         Total                            220,811              28,407              1,691              2,118              93,040             225,963             572,030                           Total



     iv. Tabel di bawah menunjukkan kualitas aset                                                      iv. The table below shows quality of financial
         keuangan yang belum jatuh tempo dan                                                               assets that are neither past due nor
         tidak mengalami penurunan nilai (sebelum                                                          impaired (gross of unearned interest
         pendapatan bunga yang ditangguhkan dan                                                            income and allowance for impairment
         cadangan kerugian penurunan nilai):                                                               losses):


                                                                                      141
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PT BANK MEGA TBK                                                                                                                           PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                            NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                           (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                              For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                              December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                      (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                Unless Otherwise Stated)
                                                                                          31 Desember/December 31, 2023
                                                                                                  Jatuh tempo
                                                                                                    dan tidak
                                                             Belum jatuh tempo dan                 mengalami
                                                        tidak mengalami penurunan nilai/           penurunan
                                                          neither past due nor impaired               nilai/            Mengalami
                                                                                 Tingkat            Past-due            penurunan
                                                      Tingkat tinggi/            standar/            but not               nilai/                           Jumlah/
                                                       High Grade           Standard grade          Impaired             Impaired                            Total
         Nilai wajar melalui                                                                                                                                                                      Fair value through
           laba rugi                                                                                                                                                                                   profit or loss
           Efek-efek (Catatan 8)                                                                                                                                                                 Securities (Note 8)
             Obligasi Pemerintah                               2,156,712                        --                       --                      --              2,156,712                     Government bond
           Tagihan derivatif                                                                                                                                                                  Derivative receivables
             (Catatan 10)                                         20,974                        --                       --                      --                  20,974                              (Note 10)
         Diukur pada nilai wajar
           melalui penghasilan                                                                                                                                                              Fair value through other
           komprehensif lain                                                                                                                                                               comprehensive income
           Efek-efek (Catatan 8)                              35,467,876                        --                       --                      --             35,467,876                       Securities (Note 8)
         Biaya perolehan
           yang diamortisasi                                                                                                                                                                           Amortized cost
           Giro pada Bank Indonesia                                                                                                                                                             Current accounts with
             (Catatan 5)                                       6,822,433                        --                       --                      --              6,822,433                 Bank Indonesia (Note 5)
           Giro pada bank lain                                                                                                                                                                       Current accounts
             (Catatan 6)                                         645,876                        --                       --                      --                645,876                with other banks (Note 6)
           Penempatan pada Bank                                                                                                                                                                Placements with Bank
             Indonesia dan bank lain                                                                                                                                                    Indonesia and other banks
             (Catatan 7)                                       3,356,000                        --                       --                      --              3,356,000                                 (Note 7)
           Efek-efek yang dibeli
             dengan janji dijual                                                                                                                                                          Securites purchased under
             kembali (Catatan 9)                               7,215,441                        --                       --                      --              7,215,441             agreement to resell (Note 9)
           Kredit yang diberikan
             (Catatan 11):                                                                                                                                                                        Loans (Note 11):
             Korporasi                                       43,847,880                   762,981               1,402,093                  325,681              46,338,635                              Corporate
             Komersil                                         2,115,678                   182,363                 177,417                  288,142               2,763,600                           Commercial
             Usaha Kecil                                          2,589                     6,557                   5,499                    1,778                  16,423                      Small Enterprises
             Konsumsi                                           235,839                    41,273                   8,867                   25,679                 311,658                             Consumer
             Pembiayaan bersama                               3,049,207                 6,012,134               1,214,248                  253,770              10,529,359                        Joint Financing
             Kartu Kredit                                     5,985,736                         --                212,178                  147,130               6,345,044                            Credit Card
           Aset lain-lain*)                                   1,351,102                    65,616                 109,275                        --              1,525,993                           Other assets*)
         Total                                              112,273,343                 7,070,924               3,129,577                1,042,180             123,516,024                                      Total

         *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
            Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets


                                                                                          31 Desember/December 31, 2022
                                                                                                  Jatuh tempo
                                                                                                    dan tidak
                                                             Belum jatuh tempo dan                 mengalami
                                                        tidak mengalami penurunan nilai/           penurunan
                                                          neither past due nor impaired               nilai/            Mengalami
                                                                                 Tingkat            Past-due            penurunan
                                                      Tingkat tinggi/            standar/            but not               nilai/                           Jumlah/
                                                       High Grade           Standard grade          Impaired             Impaired                            Total
         Nilai wajar melalui                                                                                                                                                                      Fair value through
           laba rugi                                                                                                                                                                                   profit or loss
           Efek-efek (Catatan 8)                               1,520,017                        --                       --                      --              1,520,017                       Securities (Note 8)
           Tagihan derivatif                                                                                                                                                                  Derivative receivables
             (Catatan 10)                                         10,119                        --                       --                      --                  10,119                              (Note 10)
         Diukur pada nilai wajar
           melalui penghasilan                                                                                                                                                              Fair value through other
           komprehensif lain                                                                                                                                                               comprehensive income
           Efek-efek (Catatan 8)                              37,657,924                        --                       --                      --             37,657,924                       Securities (Note 8)
         Biaya perolehan
           yang diamortisasi                                                                                                                                                                           Amortized cost
           Giro pada Bank Indonesia                                                                                                                                                             Current accounts with
             (Catatan 5)                                       8,691,986                        --                       --                      --              8,691,986                 Bank Indonesia (Note 5)
           Giro pada bank lain                                                                                                                                                                       Current accounts
             (Catatan 6)                                         758,773                        --                       --                      --                758,773                with other banks (Note 6)
           Penempatan pada Bank                                                                                                                                                                Placements with Bank
             Indonesia dan bank lain                                                                                                                                                    Indonesia and other banks
             (Catatan 7)                                       9,164,176                        --                       --                      --              9,164,176                                 (Note 7)
           Efek-efek yang dibeli
             dengan janji dijual                                                                                                                                                          Securites purchased under
             kembali (Catatan 9)                               3,254,705                        --                       --                      --              3,254,705             agreement to resell (Note 9)
           Kredit yang diberikan
             (Catatan 11):                                                                                                                                                                        Loans (Note 11):
             Korporasi                                       48,906,797                   533,444               1,430,600                  295,846              51,166,687                              Corporate
             Komersil                                         2,600,635                   174,541                 185,207                  173,967               3,134,350                           Commercial
             Usaha Kecil                                          6,637                    16,805                  16,898                    1,224                  41,564                      Small Enterprises
             Konsumsi                                           347,332                    40,348                   9,978                    2,278                 399,936                             Consumer
             Pembiayaan bersama                               2,622,580                 5,684,299                 841,435                  211,871               9,360,185                        Joint Financing
             Kartu Kredit                                     5,787,020                         --                248,115                  173,446               6,208,581                            Credit Card
           Aset lain-lain*)                                   1,091,087                    98,157                 159,168                        --              1,348,412                           Other assets*)
         Total                                              122,419,788                 6,547,594               2,891,401                  858,632             132,717,415                                      Total

         *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
            Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets




                                                                                                 142
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PT BANK MEGA TBK                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)

        Kualitas    kredit   didefinisikan   sebagai       The credit quality are defined as follows:
        berikut:

        Tingkat tinggi                                     High grade
        a. Giro pada Bank Indonesia, giro pada             a. Current accounts with Bank Indonesia,
            bank lain, penempatan pada Bank                    current accounts with other banks,
            Indonesia dan bank lain yaitu giro atau            placements with Bank Indonesia and
            penempatan pada institusi Pemerintah,              other banks are current accounts or
            transaksi dengan bank yang memiliki                placements with the Government
            reputasi     baik    dengan      tingkat           institution, transaction with reputable
            kemungkinan       gagal   bayar      atas          banks with low probability of
            kewajiban yang rendah.                             insolvency.
        b. Kredit yang diberikan, bunga yang               b. Loans, interest receivables and third
            masih akan diterima, dan tagihan                   party receivables are borrowers with
            kepada pihak ketiga yaitu debitur                  very satisfactory track record of loan
            dengan riwayat pembayaran yang                     repayment and whose accounts did
            sangat baik dan tidak pernah                       not turn past due during the term of the
            menunggak sepanjang jangka waktu                   loan; borrowers with high degree of
            kredit; debitur dengan tingkat stabilitas          stability and diversity; has access to
            dan keragaman yang tinggi memiliki                 raise substantial amounts of funds
            akses setiap saat untuk memperoleh                 through public market any time; very
            pendanaan dalam jumlah besar dari                  strong debt service capability and has
            pasar terbuka; memiliki kemampuan                  conservative balance sheet ratios.
            membayar yang kuat dan rasio-rasio
            neraca yang konservatif.
        c. Efek-efek      yaitu   efek-efek     yang       c.   Securities are securities issued by
            dikeluarkan oleh Pemerintah, efek-efek              Government,      investment       grade
            dan obligasi yang termasuk dalam                    securities and bonds with a rating of at
            investment grade dengan rating                      least BBB- (Pefindo) or Baa3
            minimal BBB- (Pefindo) atau Baa3                    (Moody’s).
            (Moody’s).

        Tingkat standar                                    Standard grade
        a. Giro pada Bank Indonesia, giro pada             a. Current accounts with Bank Indonesia,
            bank lain, penempatan pada Bank                    current accounts with other banks,
            Indonesia dan bank lain yaitu giro atau            placements with Bank Indonesia and
            penempatan pada bank lokal yang                    other banks are current accounts or
            tidak terdaftar di bursa.                          placements with the local banks not
                                                               listed in the stock exchange.
        b.   Kredit yang diberikan, bunga yang             b. Loans, interests receivables and third
             masih akan diterima, dan tagihan                  party receivables are borrowers who
             kepada pihak ketiga yaitu debitur                 have an average track record of loan
             dengan riwayat pembayaran yang baik               repayment and whose account did not
             dan tidak pernah menunggak 90 hari                turn past due for 90 days and over;
             atau lebih; memiliki akses terbatas ke            has limited access to public capital
             pasar modal atau ke pasar keuangan                markets or to alternative financial
             lainnya; tingkat pendapatan dan kinerja           market; volatility of earnings and
             keseluruhan tidak stabil; memiliki                overall performance; debt service
             kemampuan membayar yang cukup.                    capability is adequate.
        c.   Efek-efek     yaitu   efek-efek   yang        c. Securities are securities issued by
             dikeluarkan oleh Pemerintah, efek-efek            Government,         investment  grade
             dan obligasi dengan rating antara                 securities and bonds with a rating
             idBB+ sampai dengan idB (Pefindo)                 between idBB+ to idB (Pefindo) or Ba1
             atau    Ba1     sampai    dengan    B2            to B2 (Moody’s).
             (Moody’s).



                                                    143
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PT BANK MEGA TBK                                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)

     v.   Analisis umur kredit yang jatuh tempo                         v.    The aging analysis of past due but not
          tetapi tidak mengalami penurunan nilai                              impaired loans as of December 31, 2023
          pada tanggal 31 Desember 2023 dan 2022                              and 2022 are as follows:
          adalah sebagai berikut:

                                                   31 Desember/December 31, 2023
                                 Kurang dari
                                   30 hari/         31 sampai            61 sampai
                                  Less than           60 hari/             90 hari/         Jumlah/
                                   30 days         31 to 60 days        61 to 90 days        Total

          Korporasi                   1,382,466             19,627                    --       1,402,093            Corporate
          Komersial                     155,662             14,382                7,373          177,417         Commercial
          Usaha Kecil                     1,098              1,063                3,338            5,499    Small Enterprises
          Konsumsi                        4,798              2,435                1,634            8,867           Consumer
          Pembiayaan bersama            364,963            244,462              604,823        1,214,248      Joint Financing
          Kartu Kredit                  212,178                  --                   --         212,178          Credit Card
          Total                       2,121,165            281,969              617,168        3,020,302                Total


                                                   31 Desember/December 31, 2022
                                 Kurang dari
                                   30 hari/         31 sampai            61 sampai
                                  Less than           60 hari/             90 hari/         Jumlah/
                                   30 days         31 to 60 days        61 to 90 days        Total
          Korporasi                           --                 --            1,430,600       1,430,600            Corporate
          Komersial                      73,840            103,657                 7,710         185,207         Commercial
          Usaha Kecil                     3,215              2,900                10,783          16,898    Small Enterprises
          Konsumsi                        5,542              2,552                 1,884           9,978           Consumer
          Pembiayaan bersama            277,614            179,453               384,368         841,435      Joint Financing
          Kartu Kredit                  248,115                  --                    --        248,115          Credit Card
          Total                         608,326            288,562             1,835,345       2,732,233                Total


          Konsentrasi   kredit   yang     diberikan                           The concentration of loans by type of loans
          berdasarkan jenis kredit dan sektor                                 and economic sector is disclosed in Note
          ekonomi diungkapkan pada Catatan 11,                                11, while the concentration of loans by
          sedangkan    konsentrasi   kredit   yang                            geographic region is disclosed in Note 38.
          diberikan berdasarkan wilayah geografis
          diungkapkan pada Catatan 38.

          Dari tabel konsentrasi risiko kredit                                As shown in table credit risk concentration
          berdasarkan jenis debitur, konsentrasi                              by counterparty, concentration of credit
          risiko kredit naik terutama pada segmen                             risk is increased specifically in corporate
          korporasi    dan    pembiayaan     lainnya,                         and joint financing, meanwhile risk
          sementara itu konsentrasi kredit pada                               concentration in other retail segment such
          segmen ritel lainnya seperti kartu kredit,                          as credit card, consumer and small
          konsumer      dan    usaha   kecil    justru                        enterprises are decreased.
          mengalami penurunan.

d.   Risiko Pasar                                                  d.   Market Risk
     Risiko pasar adalah risiko perubahan harga                         Market risk is the risk that changes in market
     pasar, seperti tingkat suku bunga, nilai tukar                     prices, such as interest rates, foreign
     mata uang asing, dan credit spreads (tidak                         exchange rates and credit spreads (not relating
     berhubungan dengan peringkat kredit pemberi                        to changes in the obligor’s/issuer’s credit
     kredit) akan mempengaruhi pendapatan Bank                          standing) will affect the Bank’s income or the
     atau nilai instrumen keuangan yang dimiliki.                       value of its holdings of financial instruments.
     Tujuan pengelolaan risiko pasar adalah untuk                       The objective of market risk management is to
     mengelola dan mengendalikan eksposur risiko                        manage and control market risk exposures
     pasar dalam batasan parameter yang dapat                           within acceptable parameters, while optimizing
     diterima dengan mengoptimalkan tingkat                             the return of risk.
     pengembalian.



                                                          144
Page 501
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     Dalam pengelolaan risiko, Bank menggunakan            In the control of risk, the Bank is using internal
     kertas kerja internal dan sistem dalam                working papers, tools and systems to monitor
     melakukan proses pengawasan pergerakan                market indicator movements. The tools and
     pasar. Berbagai perangkat dan sistem                  systems enable the Bank to identify, measure,
     membuat      Bank      dapat   mengidentifikasi,      and monitor sensitivity of market risks on
     mengukur dan mengawasi sensitivitas risiko            exchange rates and interest rates, both for
     pasar untuk nilai tukar dan suku bunga, baik          trading book and banking book portfolios.
     untuk portofolio trading book dan banking book,       Hence, risks that might arise can be mitigated
     sehingga risiko yang mungkin muncul dapat             and does not significantly affect the Bank’s
     dimitigasi dan tidak mempengaruhi permodalan          capital.
     Bank secara signifikan.
     Pengukuran Risiko Pasar tersebut, meliputi:           The Measurement of Market Risk includes:
     1. Pengukuran Risiko Pasar nilai tukar pada           1. Measurement of Market Risk on the
        trading book dan banking book melalui                 exchange rate in the trading book and
        perhitungan Posisi Devisa Neto (PDN) dan              banking book through the calculation of the
        Pengukuran Risiko Pasar nilai tukar dan               Net     Open     Position     (NOP)      and
        suku bunga pada trading book dihitung                 Measurement of Market Risk Exchange
        dengan        perhitungan       Kewajiban             rates and interest rates in the trading book
        Penyediaan Modal Minimum (KPMM)                       are calculated by calculating the Minimum
        menggunakan Metode Standar secara                     Capital Requirement (KPMM) using the
        bulanan;                                              Standard Method on a monthly basis;
     2. Pengukuran Risiko Pasar suku bunga pada            2. Measurement of market interest rate risk in
        banking book dengan menggunakan                       the banking book by using the IRRBB
        Perhitungan IRRBB (Interest Rate Risk In              (Interest Rate Risk in Banking Book)
        Banking Book) yang sesuai dengan SEOJK                calculation in accordance with SEOJK
        No.12/SEOJK.03/2018 tentang Penerapan                 No.12/SEOJK.03/2018 concerning the
        Manajemen Risiko dan Pengukuran Risiko                Implementation of Risk Management and
        Pendekatan Standar untuk Risiko Suku                  Risk Measurement in a Standard
        Bunga dalam Banking Book bagi Bank                    Approach to Interest Rate Risk in the
        Umum. Risiko Suku Bunga dilihat                       Banking Book for Commercial Banks.
        berdasarkan perspektif yaitu Economic                 Interest Rate Risk is seen based on the
        Value dan Earnings (NII);                             perspective of Economic Value, and
                                                              Earnings (NII);
     3. Pengukuran dan pelaporan secara periodik           3. Measurement and Reporting periodically to
        ke Regulator dalam pengelolaan risiko                 Regulator in market risk management
        pasar yang mengacu kepada SEOJK                       which refer to SEOJK No.14/SEOJK.03/
        No.14/SEOJK.03/2017 tentang Penilaian                 2017 about Risk Based Bank Rating;
        Tingkat Kesehatan Bank (PTKB);
     4. Pengukuran Potensi Keuntungan atau                 4. Measurement Potential Profit or Loss
        Kerugian    (Valuasi)  Portofolio Surat               (Valuation) portfolio of securities based on
        Berharga berdasarkan harga pasar sesuai               market price accordance with PSAK 68.
        dengan PSAK 68.
     i.   Risiko nilai tukar                               i.    Foreign exchange risk
          Bank memiliki eksposur nilai tukar akibat              The Bank is exposed to foreign exchange
          adanya transaksi dalam mata uang asing                 currency risk through transactions in
          dan volatilitas yang melekat pada opsi nilai           foreign currencies and implied volatilities
          tukar.                                                 on foreign exchange options.
          Posisi Devisa Neto (PDN) Bank dihitung                 The Bank’s Net Open Position (NOP) was
          berdasarkan Peraturan Bank Indonesia                   calculated based on Bank Indonesia’s
          yang berlaku. Sesuai dengan peraturan,                 prevailing regulations. In accordance with
          Bank harus memenuhi ketentuan PDN                      the regulations, the Banks are required to
          keseluruhan (termasuk Domestic Non                     maintain its aggregate and statements of
          Deliverable Forward/DNDF) dan untuk                    financial position NOP (include Domestic
          laporan posisi keuangan setinggi-tingginya             Non Deliverable Forward/DNDF) at the
          20% dari jumlah modal.                                 maximum 20% of its capital.

                                                     145
Page 502
PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

        Posisi Devisa Neto (PDN) Bank dapat                        The Bank’s Net Open Position (NOP) can
        dilihat pada Catatan 41.                                   be seen in Note 41.

        Bank telah memiliki Aplikasi Manajemen                     The Bank has Market Risk Management
        Risiko Pasar untuk mendukung proses                        Application to support the implementation
        Manajemen Risiko Pasar dalam rangka                        of Market Risk Management process in
        pengelolaan Risiko Pasar.                                  order to manage market risk.

        Proses pengendalian Risiko Pasar melalui                   Market Risk limit as a part of risk
        penetapan dan kaji ulang limit Risiko Pasar                controlling process is set and reviewed
        dilakukan secara periodik. Limit-limit                     periodically. The Market Risk limits are as
        tersebut meliputi:                                         follows:
        a. Limit Risiko Pasar pada trading book                    a. Market Risk limits on trading book
            i. Limit Nominal Transaksi                                  i. Transaction Nominal Limit
            ii. Limit Nominal Open Position                             ii. Open Position Nominal Limit
            iii. Limit Counterparty                                     iii. Counterparty Limit
        b. Limit Risiko Pasar Nilai Tukar                          b. The Market Risk limits for exchange
                                                                        rate:
             Limit Posisi Devisa Neto (PDN)                             Net Open Position (PDN) include
             termasuk DNDF terhadap modal                               DNDF Limit on capital of 5% for risk
             sebesar 5% untuk risk appetite dan                         appetite and 10% for risk tolerance.
             10% untuk risk tolerance.

        Sensitivitas risiko pasar digunakan untuk                  Sensitivity of market risk is used to indicate
        menunjukkan seberapa besar modal yang                      how much capital needed to cover the
        dibutuhkan untuk meng-cover potential loss                 potential loss of market risk that may
        risiko pasar yang mungkin terjadi. Analisis                occur. It is done to measure and monitor
        sensitivitas Risiko Pasar yang dilakukan                   exhange rate and interest rate on trading
        untuk mengukur dan mengawasi nilai tukar                   book portfolio. It consists of:
        dan suku bunga pada portofolio trading
        book. Sensitivitas risiko pasar mencakup:

        Excess modal Bank                                          The Bank’s excess capital
        Perhitungan excess modal Bank dilakukan                    The calculation of the Bank’s excess
        dengan menghitung modal bank secara                        capital is conducted by calculating the
        total dan menguranginya dengan 12,50%                      Bank’s total capital and reduce with
        dari total ATMR (Kredit + Pasar +                          12.50% of the total risk weighted assets
        Operasional). Excess modal ini yang                        (RWA) (Credit + Market + Operational).
        kemudian dibagi terhadap masing-masing                     This excess capital is then divided by the
        risiko pasar nilai tukar dan suku bunga                    respective market exchange risk and
        untuk melihat berapa besar kemampuan                       interest rate risk to measure the Bank’s
        coverage modal Bank (diluar regulatory                     capital-coverage-ability(exclude regulatory
        requirement) apabila terjadi kerugian                      requirement) in the event of loss of the
        sebesar risiko yang telah dihitung.                        amount to the risk that has been
                                                                   calculated.

        Tabel dibawah ini menunjukkan excess                       The table below shows the Bank's excess
        modal Bank (tidak diaudit):                                capital (unaudited):

                                                       12,50%*Total
                                Total Modal/              ATMR/           Excess Modal/
                                Total Capital       12.50%*Total RWA      Excess Capital

         2023 - Desember               21,629,212           10,332,641            11,296,571      2023 - December




                                                    146
Page 503
PT BANK MEGA TBK                                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)

           Sensitivitas Risiko Pasar Nilai Tukar                               Sensitivity of Market Risk in Interest Rate
           Sensitivitas risiko nilai tukar dihitung                            Sensitivity of exchange rate risk is
           dengan menggunakan rasio excess modal                               calculated using the Bank’s excess capital
           Bank terhadap risiko nilai tukar melalui                            ratio against exchange rate risk through
           PDN Bank.                                                           NOP Bank.

           Tabel dibawah ini menunjukkan sensitivitas                          The table below shows the Bank's
           risiko pasar nilai tukar Bank (tidak diaudit):                      sensitivity of market risk in exhange rate
                                                                               (unaudited):

                                                                                     Sensitivitas Risiko
                                       Excess                                           Nilai Tukar/
                                       Modal/                                          Sensitivity of
                                       Excess                    PDN/                 Market Risk in
                                       Capital                   NOP                  Exchange Rate

           2023 - Desember                 11,296,571                   161,471                    12,918       2023 - December


           Simulasi penguatan dan pelemahan nilai                              The simulation of strengthening and
           tukar USD/IDR sebesar 100bps pada                                   weakening USD/IDR exchange rate by
           posisi 31 Desember 2023 adalah sebagai                              100bps at December 31, 2023 is as
           berikut (tidak diaudit):                                            follows (unaudited):

                                                 Periode Akhir Bulan Desember 2023/
                                                    End of December 2023 Period
                                                            Kurs USD/IDR

           Total PDN                          15,397            15397 + 100bps            15397 - 100bps              Total NOP
           Rupiah Indonesia IDR              161,471                   162,519                   160,422    IDR Indonesia Rupiah


     ii.   Risiko Tingkat Suku Bunga                                    ii.    Interest Rate Risk
           Risiko suku bunga adalah risiko yang                                Interest rate risk is the risk that arises in
           timbul pada posisi keuangan (neraca dan                             financial position (balance sheet and
           rekening      administratif) akibat  dari                           administrative account) as a result of
           perubahan suku bunga. Risiko suku bunga                             changes in interest rates. This interest rate
           ini meliputi repricing risk (repricing                              risk includes repricing risk (repricing
           mismatch antara komponen aset dan                                   mismatch between asset and liability
           liabilitas), basis risk (penggunaan suku                            components), basis risk (use of different
           bunga acuan yang berbeda), yield curve                              reference interest rates), yield curve risk
           risk (perubahan bentuk dan slope yield                              (changes in shape and slope yield curve)
           curve) dan option risk (pelunasan kredit                            and option risk (repayment of credit or
           atau pencairan deposito sebelum jatuh                               disbursement of deposits before due date).
           waktu).

           Sensitivitas risiko suku bunga pada trading                         Sensitivity of interest rate risk in trading
           book yang dihitung dengan menggunakan                               book is calculated using the Bank’s excess
           rasio excess modal Bank terhadap risiko                             capital ratio against interest rate risk
           suku bunga (umum dan spesifik).                                     (general and specific).




                                                          147
Page 504
PT BANK MEGA TBK                                                                     PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                     (Continued)
Untuk Tahun-tahun yang Berakhir                                                        For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                        December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                          Unless Otherwise Stated)

        Tabel     di    bawah     ini  menunjukkan                   The table below shows the Bank's
        sensitivitas risiko pasar suku bunga Bank:                   sensitivity of market risk in interest rate:
        (tidak diaudit)                                              (unaudited)

                                            Periode Akhir Bulan Desember 2023/
                                           End of Month December 2023 Period
                                                                           Sensitivitas Risiko
                                                                              Suku Bunga/
                               Excess Modal/        Risiko Suku Bunga/    Sensitivity of Market
                               Excess Capital        Interest Rate Risk   Risk in Interest Rate

         2023 - Desember              11,296,571                  94,437                    120     2023 - December


        Sensitivitas risiko suku bunga pada                          Sensitivity of interest rate risk in banking
        banking book menggunakan pendekatan                          book using IRRBB approach (Interest Rate
        IRRBB (Interest Rate Risk in Banking                         Risk in Banking Book) which refers to
        Book) yang mengacu kepada SEOJK                              SEOJK No.12/SEOJK.03/2018 concerning
        No.12/SEOJK.03/2018 tentang Penerapan                        the Implementation of Risk Management
        Manajemen Risiko dan Pengukuran Risiko                       and     Risk     Measurement        Standard
        Pendekatan Standar untuk Risiko Suku                         Approach to Interest Rate Risk in the
        Bunga dalam Banking Book bagi Bank                           Banking Book for Commercial Banks .
        Umum.

        Berdasarkan regulasi OJK tersebut, Bank                      Based on the OJK regulations, the Bank
        menerapkan 6 (enam) jenis skenario shock                     applies 6 (six) types of interest rate shock
        suku bunga untuk perhitungan kerugian                        scenarios to calculate maximum loss from
        maksimum dari Nilai Ekonomi dari Ekuitas                     Economic Values of Equity (EVE) to
        (Economic Value of Equity atau EVE)                          capital Tier-1 on IRRBB, namely Parallel
        terhadap modal Tier-1 pada IRRBB, yaitu                      Up, Parallel Down, Steepener, Flattener,
        Parallel Up, Parallel Down, Steepener,                       Short Rates Up, and Short Rates Down.
        Flattener, Short Rates Up, dan Short Rates                   As for the calculation maximum loss of Net
        Down. Sedangkan untuk perhitungan                            Interest Income (NII) to projection income
        kerugian maksimum Pendapatan Bunga                           on IRRBB uses 2 (two) shock scenarios,
        Neto (Net Interest Income atau NII)                          namely Parallel Up and Parallel Down. In
        terhadap target laba pada IRRBB                              each calculation, both changes in ∆EVE to
        menggunakan 2 (dua) skenario shock,                          capital Tier-1 as well as ∆NII to projection
        yaitu Parallel Up dan Parallel Down. Pada                    income, the scenario used as the
        masing-masing perhitungan, baik ∆EVE                         maximum loss value is the scenario that
        terhadap modal Tier-1 maupun ∆NII                            provides the highest loss. The IRRBB
        terhadap target laba, skenario yang                          exposure based on ∆NII to projection
        digunakan      sebagai    nilai   kerugian                   income is at 16,56% on December 31,
        maksimum        adalah   skenario     yang                   2023. The level of the ∆NII ratio within the
        memberikan nilai kerugian tertinggi.                         Bank's threshold of 15%-20% of the
        Eksposur     IRRBB     berdasarkan     ∆NII                  Projection Income or is at a Low to
        terhadap Target Laba 16,56% untuk posisi                     Moderate risk rating. Meanwhile, IRRBB
        31 Desember 2023. Tingkat rasio ∆NII                         exposure based on ∆EVE to Capital is
        tersebut berada didalam threshold Bank                       21,69% for the position of December 31,
        15%-20% dari Target Laba atau berada                         2023. The level of the ∆EVE ratio is at the
        pada peringkat risiko Low to Moderate.                       Bank's threshold >20% of Tier-1 capital or
        Sedangkan eksposur IRRBB berdasarkan                         is at a High risk rating, which indicates that
        ∆EVE terhadap Modal 21,69% untuk posisi                      the structure of assets and liabilities Banks
        31 Desember 2023. Tingkat rasio ∆EVE                         are sensitive to changes in market interest
        tersebut berada pada threshold Bank                          rates.
        >20% dari modal Tier-1 atau berada pada
        peringkat risiko High, yang menunjukkan
        bahwa struktur aset dan liabilitas Bank
        sensitif terhadap perubahan suku bunga
        pasar.

                                                     148
Page 505
PT BANK MEGA TBK                                                                                                          PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                           NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                          (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                             For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                             December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                     (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                               Unless Otherwise Stated)

        Tabel berikut ini menyajikan portofolio                                                          The table below summarizes the banking
        banking book pada nilai tercatatnya                                                              book portfolios at their carrying amounts
        (sebelum cadangan kerugian penurunan                                                             (before allowance for impairment losses),
        nilai), yang dikategorikan berdasarkan                                                           categorized by the earlier of contractual
        mana yang lebih awal antara tanggal                                                              repricing or maturity dates:
        repricing atau tanggal jatuh tempo
        kontraktual:
                                                                             31 Desember/December 31, 2023
                                               Instrumen bunga variabel/                                      Instrumen bunga tetap/
                                                Floating rate instruments                                      Fixed rate instruments
                                            Kurang dari             3 bulan-          Kurang dari          3 bulan-                               Lebih dari
                                              3 bulan/              1 tahun/            3 bulan/           1 tahun/                                2 tahun/
                            Jumlah/          Less than             3 months-           Less than         3 months-              1-2 tahun/        More than
                             Total           3 months                1 year            3 months             1 year              1-2 years          2 years

         Penempatan pada                                                                                                                                               Placements with
           Bank Indonesia                                                                                                                                             Bank Indonesia
           dan bank lain       3,356,000                 --                   --           3,356,000                    --                   --               --      and other banks
         Efek-efek            35,467,877                 --                   --              13,538            4,984,386            1,461,049       29,008,904               Securities
         Efek-efek yang
           dibeli dengan                                                                                                                                            Securities purchased
           janji dijual                                                                                                                                              under agreement
           kembali             7,215,441                 --                   --           7,215,441                    --                   --                --              to resell
         Kredit yang
           diberikan          66,292,896         1,186,436           52,096,197              442,429            1,748,822            3,843,449        6,975,563                   Loans
         Aset lain-lain          492,276                 --                   --             285,646                    --                   --         206,630             Other assets
         Total               112,824,490         1,186,436           52,096,197           11,313,054            6,733,208            5,304,498       36,191,097                    Total

         Simpanan dari                                                                                                                                                     Deposits from
           nasabah           (89,435,750)      (25,787,966)                   --        (60,049,173)          (3,598,611)                    --                --           customers
         Simpanan dari                                                                                                                                                     Deposits from
           bank lain          (3,872,596)         (319,204)                   --          (3,548,892)             (4,500)                    --                --          other banks
         Efek-efek yang
           dijual dengan                                                                                                                                            Securities sold under
           janji dibeli                                                                                                                                                   repurchased
           kembali           (12,573,231)                --                   --        (12,573,231)                    --                   --                --            agreement
         Pinjaman yang
           diterima           (2,909,228)                --                   --          (1,154,775)         (1,754,453)                    --                --       Fund borrowings
         Obligasi                                                                                                                                                          Subordinated
           subordinasi           (50,000)                --                   --                  --                   --             (50,000)                 --              bonds
         Total              (108,840,805)      (26,107,170)                   --        (77,326,071)          (5,357,564)             (50,000)                 --                 Total
         Neto                  3,983,685       (24,920,734)          52,096,197         (66,013,017)            1,375,644            5,254,498       36,191,097                      Net



                                                                             31 Desember/December 31, 2022
                                               Instrumen bunga variabel/                                      Instrumen bunga tetap/
                                                Floating rate instruments                                      Fixed rate instruments
                                            Kurang dari             3 bulan-          Kurang dari          3 bulan-                               Lebih dari
                                              3 bulan/              1 tahun/            3 bulan/           1 tahun/                                2 tahun/
                            Jumlah/          Less than             3 months-           Less than         3 months-              1-2 tahun/        More than
                             Total           3 months                1 year            3 months             1 year              1-2 years          2 years

         Penempatan pada                                                                                                                                               Placements with
           Bank Indonesia                                                                                                                                             Bank Indonesia
           dan bank lain       9,164,176                 --                   --           9,164,176                    --                   --               --      and other banks
         Efek-efek            37,657,924                 --                   --             203,213            2,830,881               60,622       34,563,208               Securities
         Efek-efek yang
           dibeli dengan                                                                                                                                            Securities purchased
           janji dijual                                                                                                                                              under agreement
           kembali             3,254,705         3,254,705                    --                   --                   --                   --                --              to resell
         Kredit yang
           diberikan          70,289,357         6,188,070              332,692              249,854            1,509,186            3,519,412       58,490,143                   Loans
         Aset lain-lain          165,450                 --                   --              54,450              111,000                    --               --            Other assets
         Total               120,531,612         9,442,775              332,692            9,671,693            4,451,067            3,580,034       93,053,351                    Total

         Simpanan dari                                                                                                                                                     Deposits from
           nasabah          (102,949,667)      (27,550,403)                   --        (71,627,820)          (3,771,444)                    --                --           customers
         Simpanan dari                                                                                                                                                     Deposits from
           bank lain          (1,546,696)         (691,102)                   --           (852,094)              (3,500)                    --                --          other banks
         Efek-efek yang
           dijual dengan                                                                                                                                            Securities sold under
           janji dibeli                                                                                                                                                   repurchased
           kembali           (13,263,387)                --                   --          (2,806,550)        (10,456,837)                    --                --            agreement
         Pinjaman yang
           diterima           (1,856,213)                --                   --           (856,213)                    --         (1,000,000)                 --       Fund borrowings
         Obligasi                                                                                                                                                          Subordinated
           subordinasi           (50,000)                --                   --                  --                   --                   --          (50,000)               bonds
         Total              (119,665,963)      (28,241,505)                   --        (76,142,677)         (14,231,781)          (1,000,000)          (50,000)                  Total
         Neto                    865,649       (18,798,730)             332,692         (66,470,984)          (9,780,714)            2,580,034       93,003,351                      Net




                                                                             149
Page 506
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

        Tabel dibawah merupakan ikhtisar dari                 The table below summarize the weighted
        rata-rata suku bunga efektif untuk setiap             average effective interest rates for each
        instrumen keuangan:                                   financial instrument:

                                              2023            2022
         Aset                                                                                              Assets
         Rupiah                                                                                            Rupiah
         Penempatan pada Bank                                                                Placement with Bank
           Indonesia dan bank lain                   5.38%           2.95%           Indonesia and other banks
         Efek-efek                                                                                      Securities
           Obligasi Pemerintah                       6.31%           5.87%                  Government bonds
           Obligasi korporasi                        7.76%           7.59%                    Corporate bonds
         Kredit yang diberikan                                                                              Loans
           Kredit Usaha Kecil                    19.04%           18.35%                Small Enterprises loans
           Kartu kredit                          14.42%           14.87%                            Credit card
           Kredit lainnya                        10.59%           10.05%                            Other loans
         Mata uang asing                                                                       Foreign currencies
         Penempatan pada Bank                                                                Placement with Bank
           Indonesia dan bank lain                   4.93%           1.59%           Indonesia and other banks
         Efek-efek                                                                                      Securities
           Obligasi Pemerintah                    3.70%              3.49%                  Government bonds
           Kredit yang diberikan                 11.08%              7.97%                               Loans
         Liabilitas                                                                                     Liabilities
         Rupiah                                                                                            Rupiah
         Simpanan dari nasabah                                                           Deposits from customers
           Giro                                      3.04%           1.69%                    Current accounts
           Tabungan                                  1.33%           1.15%                     Saving deposits
           Deposito berjangka                        5.26%           3.63%                       Time deposits
         Simpanan dari bank lain                                                        Deposits from other banks
           Call money                                5.92%                -               Interbank call money
           Giro                                      4.79%           3.30%                    Current accounts
           Tabungan                                  1.20%           1.62%                     Saving deposits
           Deposito berjangka                        4.92%           3.26%                       Time deposits
         Mata uang asing                                                                       Foreign currencies
         Simpanan dari nasabah                                                           Deposits from customers
           Giro                                      2.51%           0.70%                     Current account
           Tabungan                                  0.19%           0.08%                     Saving deposits
           Deposito berjangka                        3.77%           1.27%                       Time deposits
         Simpanan dari bank lain                                                        Deposits from other banks
           Call money                                5.23%           1.39%                          Call money


        Bank     melakukan     pengukuran     dan             The Bank conduct measurement and
        pelaporan risiko pasar secara periodik ke             reporting periodically to Regulator in
        Regulator dalam mengelola risiko pasar                managing market risk based on SEOJK
        yang      mengacu      kepada      SEOJK              No.14/SEOJK.03/2017 about the market
        No.14/SEOJK.03/2017 tentang Penilaian                 risk parameters in Bank Soundness
        Tingkat Kesehatan Bank (PTKB) dengan                  Assessment (BSA) using risk approach
        menggunakan pendekatan risiko (Risk-                  (Risk-based       Bank    Rating/RBBR),
        based Bank Rating/ RBBR) yang terdiri dari            consisting of 2 parts:
        2 bagian, yaitu:
        1. Risiko Inheren                                     1. Inherent Risk
            a. Volume dan Komposisi Portofolio                   a. Volume and Composition Portfolio
            b. Kerugian Potensial Risiko Suku                    b. Potential loss Interest Rate Risk in
                Bunga dalam Banking Book                             Banking Book - IRRBB)
                (IRRBB)
            c. Strategi dan Kebijakan Bisnis                         c.   Strategies and Business Policies
                • Strategi Trading                                        • Trading Strategies
                • Strategi Bisnis terkait Suku                            • Business strategies on Interest
                   Bunga pada banking book                                   Rate in Banking Book




                                                 150
Page 507
PT BANK MEGA TBK                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)

         2. Kualitas Penerapan Manajemen Risiko                    2. Risk Management Quality
            a. Tata kelola risiko                                     a. Risk governance
            b. Kerangka manajemen risiko                              b. Risk management framework
            c. Proses manajemen risiko, sistem                        c. Risk      management    process,
               informasi dan      sumber   daya                           information systems and human
               manusia                                                    resources
            d. Sistem pengendalian risiko                             d. Risk control system

e.   Risiko Likuiditas                                    e.   Liquidity Risk
     Risiko likuiditas adalah risiko yang disebabkan           Liquidity risk is the risk caused by the Bank’s
     oleh ketidakmampuan Bank dalam memenuhi                   inability to meet its obligation associated with
     kewajiban yang telah jatuh tempo dan menutup              financial liabilities at due date and cover
     posisi di pasar. Risiko likuiditas merupakan              position created from market. Liquidity risk is
     risiko yang terpenting pada bank umum dan                 the most important risk for commercial bank
     perlu dikelola secara berkesinambungan.                   and as such needs to be managed on an on-
                                                               going basis.

     Selain itu, pengelolaan aset dan liabilitas Bank          Moreover, monitoring over the Bank’s assets
     dilakukan     melalui   rapat   ALCO        yang          and liabilities is addressed through ALCO
     dilaksanakan setiap 1 (satu) bulan sekali.                meeting held once in every month. The
     Pembahasan difokuskan pada penyelarasan                   meeting focuses on aligning short-term and
     strategi jangka pendek dan jangka panjang                 long-term strategy of the Bank with national
     Bank dengan kondisi perekonomian nasional,                economic       conditions,    especially     the
     terutama penyesuaian kondisi likuiditas Bank.             adjustments to the Bank’s liquidity conditions.

     Bank juga menyusun kebijakan pengelolaan                  The      Bank’s   also     developed    liquidity
     risiko likuiditas yang memaparkan tanggung                management          policy      defines      the
     jawab, pengelolaan dan pendekatan strategis               responsibilities, management and strategic
     yang diambil untuk menjamin ketersediaan                  approach to be taken to ensure that sufficient
     likuiditas yang cukup untuk memenuhi                      liquidity is maintained to meet the Bank’s
     kewajiban bank secara kontraktual maupun                  contractual or regulatory obligations.
     yang disyaratkan oleh regulator.

     Selain itu, dengan telah dikeluarkannya                   Furthermore, with the issuance of Regulation
     Peraturan Otoritas Jasa Keuangan No. 42/                  of the Financial Services Authority No.42/
     POJK.03/2015 tanggal 23 Desember 2015                     POJK.03/2015 dated December 23, 2015
     tentang     Kewajiban     Pemenuhan       Rasio           concerning the Obligation of Liquidity
     Kecukupan Likuiditas (Liquidity Coverage                  Coverage Ratio for Commercial Banks and the
     Ratio) Bagi Bank Umum dan Peraturan Otoritas              Regulation of the Financial Services Authority
     Jasa Keuangan No.32/POJK.03/2016 tentang                  No.32/POJK.03/2016 concerning Amendment
     Perubahan atas Peraturan Otoritas Jasa                    to the Rules of the Financial Services Authority
     Keuangan        No.6/POJK.03/2015       tentang           No.6/POJK.03/ 2015 on Transparency and
     Transparansi dan Publikasi Laporan Bank.                  Publication of Bank Reports. The Bank has
     Bank telah menyampaikan laporan LCR                       submitted LCR (individual) reports on a
     individual secara bulanan ke Otoritas Jasa                monthly basis to the Financial Services
     Keuangan dan mempublikasikan laporan LCR                  Authority and publishes quarterly LCR reports
     triwulanan individual pada situs web Bank. LCR            (individual) on the Bank's website. Based on
     Bank (individual) selalu terjaga di atas batas            the calculation, the Bank's LCR (individually)
     minimum      rasio    LCR      sebesar   100%.            shall always be maintained above the
     Berdasarkan perhitungan, LCR rata-rata harian             minimum LCR ratio that is 100%. Based on the
     pada posisi 31 Desember 2023 sebesar                      calculation, the average daily LCR at
     145,78%      dan    LCR      triwulanan   posisi          December 31, 2023 amounted to 145,78%,
     31 Desember 2023 sebesar 153,58%.                         respectively and quarterly LCR at December
                                                               31, 2023 amounted to 153.58%.



                                                    151
Page 508
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     Terkait dengan POJK Nomor 50/POJK.03/2017           Related with the regulation of the Financial
     tentang    Kewajiban    Pemenuhan        Rasio      Services      Authority    No.50/POJK.03/2017
     Pendanaan Stabil Bersih (Net Stable Funding         concerning the Obligation of Net Stable
     Ratio) Bagi Bank Umum, Bank menyampaikan            Funding Ratio for Commercial Banks, the Bank
     laporan NSFR secara triwulanan (individual) ke      has submitted NSFR report on quarterly
     Otoritas Jasa Keuangan dan mempublikasikan          (individual) to Financial Services Authority and
     laporan NSFR triwulanan (individual) pada situs     published NSFR report to Bank's website.
     web Bank. Berdasarkan perhitungan, NSFR             Based on the calculation, the Bank's NSFR
     Bank pada tanggal 31 Desember 2023 sebesar          (individually) as of December 31, 2023
     116,30%, berada diatas minimum NSFR yaitu           amounted to 116.30%, respectively which is
     100%.                                               above the minimum NSFR that is 100%.

     Eksposur terhadap risiko likuiditas                 Exposure to liquidity risk
     Bank bergantung pada simpanan dari nasabah          The Bank relies on deposits from customers
     dan simpanan dari bank lain sebagai sumber          and deposits from other banks as its primary
     pendanaan utama yang memiliki masa jatuh            sources of funding which generally have
     tempo yang pendek dan sebagian besar dapat          shorter maturities and a large proportion of
     ditarik sewaktu-waktu. Pendanaan dengan             them are repayable on demand. The short-
     jangka    waktu    yang      pendek  tersebut       term nature of these deposits increases the
     meningkatkan risiko likuiditas Bank, oleh           Bank’s liquidity risk, therefore, the Bank
     karena itu, Bank secara aktif mengelola risiko      actively manages this risk through maintaining
     tersebut dengan memberikan tingkat suku             competitive pricing and constant monitoring of
     bunga yang bersaing dan secara terus-               market trends.
     menerus memantau pergerakan pasar.

     Adapun pemantauan risiko likuiditas tersebut        The monitoring of liquidity risk includes:
     antara lain: Pemantauan Giro Wajib Minimum          Monitoring of Statutory Reserves (GWM),
     (GWM), Liquidity Coverage Ratio (LCR), Net          Liquidity Coverage Ratio (LCR), Net Stable
     Stable Funding Ratio (NSFR), Aset Likuid            Funding Ratio (NSFR), Liquid Assets to Non
     terhadap Non Core Deposit (AL/NCD), Aset            Core Deposits (AL/NCD), Liquid Assets to
     Likuid terhadap Dana Pihak Ketiga (AL/DPK),         Third Party Funds (AL/DPK), Macroprudential
     Rasio Intermediasi Makroprudensial (RIM),           Intermediation Ratio (RIM), Cash Flow
     Proyeksi Arus Kas (cashflow), dan Contingency       Projection, and Contingency Funding Plan
     Funding Plan (CFP). Pemantauan rasio                (CFP). Monitoring of this ratio is reported
     tersebut dilaporkan secara rutin kepada pihak       regularly to management and regulators.
     manajemen dan regulator.

     Bank juga melakukan pengukuran dan                  The Bank also conducts measurement and
     pelaporan secara periodik ke Bank Indonesia         reporting to the Bank Indonesia periodically on
     mengenai        pengelolaan   risiko likuiditas     liquidity risk management based on liquidity
     mengacu kepada parameter risiko likuiditas          risk parameters Bank Soundness Assessment
     dalam Penilaian Tingkat Kesehatan Bank              (BSA) using risk approach (Risk-based Bank
     (PTKB) dengan menggunakan pendekatan                Ratings/RBBR) which consists of 2 parts:
     risiko (Risk-based Bank Rating/RBBR) yang
     terdiri dari 2 bagian, yaitu:

     1. Risiko Inheren                                   1. Inherent Risk
        a. Komposisi dari aset, liabilitas, dan             a. Composition of assets, liabilities, and
            transaksi rekening administratif.                   administrative account transactions.
        b. Konsentrasi dari aset dan liabilitas.            b. Concentration of assets and liabilities.
        c. Kerentanan         pada       kebutuhan          c. Vulnerability of funding needs.
            pendanaan.
        d. Akses         pada      sumber-sumber             d.   Access to funding resources.
            pendanaan.




                                                   152
Page 509
PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

     2. Kualitas Penerapan Manajemen Risiko                  2. Risk Management Quality
        a. Tata kelola risiko likuiditas.                       a. Liquidity Risk governance.
        b. Kerangka manajemen risiko likuiditas.                b. Liquidity Risk management framework.
        c. Proses manajemen risiko likuiditas,                  c. Liquidity Risk management process,
           sistem informasi dan sumber daya                         information systems and human
           manusia.                                                 resources.
        d. Sistem pengendalian risiko likuiditas.               d. Liquidity Risk control system.

     Selain itu, Bank juga melakukan pengukuran              Furthermore, the Bank’s also measure and
     dan mengelola Risiko Likuiditas seperti rasio           managing liquidity risk such as the ratio of
     aset likuid terhadap total simpanan dari                liquid assets to total funding from customers.
     nasabah. Pada akhir tahun 2023 dan 2022,                As of the end of 2023 and 2022, the reported
     rasio dari aset likuid dibandingkan dengan total        ratio of liquid assets to total funding from
     simpanan dari nasabah yang dilaporkan                   customers were 50.58% and 55.51%.
     masing-masing adalah sebesar 50,58% dan
     55,51%.

                                              2023             2022
     Kas dan setara kas                        11,679,531       19,516,551            Cash and cash equivalents
     Efek-efek investasi selain yang                                                  Securities, excluding items
       diklasifikasikan                                                                 classified as cash and
       sebagai kas dan setara kas              37,426,300       39,177,941                    cash equivalents
     Simpanan dari bank lain                   (3,872,596)      (1,546,696)           Deposits from other banks
                                               45,233,235       57,147,796

     Simpanan dari nasabah                     89,435,750      102,949,667              Deposits from customers

     Rasio aset likuid terhadap                                                  Ratio of liquid assets to deposits
       simpanan dari nasabah                      50.58%           55.51%                        from customers


     Analisis perbedaan jatuh tempo aset dan                 Maturity gap analysis of financial assets and
     liabilitas keuangan                                     liabilities
     Tabel di bawah ini menyajikan analisis jatuh            The table below shows an analysis of
     tempo nilai tercatat dari aset keuangan                 maturities of the carrying amount of financial
     (sebelum        pendapatan      bunga     yang          assets (before unearned interest income and
     ditangguhkan      dan    cadangan     kerugian          allowance for impairment losses) and financial
     penurunan nilai) dan liabilitas keuangan Bank           liabilities of the Bank as of December 31, 2023
     pada tanggal 31 Desember 2023 dan 2022,                 and 2022, based on remaining term to
     berdasarkan jangka waktu yang tersisa sampai            contractual maturity:
     tanggal jatuh tempo kontraktual:




                                                     153
Page 510
PT BANK MEGA TBK                                                                                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                        Unless Otherwise Stated)
                                                                                                 31 Desember/December 31, 2023
                                                                   Tidak
                                                                mempunyai
                                             Nilai             tanggal jatuh          Kurang dari                                    <3-12                < 12-60             Lebih dari
                                           tercatat/             tempo/No               1 bulan/                                    bulan/                 bulan/              60 bulan/
                                           Carrying             contractual            Less than             1-3 bulan/              <3-12                < 12-60             More than
                                            Value                 maturity              1 month             1-3 months              months                months              60 months
     ASET                                                                                                                                                                                                               ASSETS
     Kas                                          855,222               855,222                     --                    --                    --                    --                    --                             Cash
     Giro pada                                                                                                                                                                                           Current accounts with
     Bank Indonesia                             6,822,433             6,822,433                     --                    --                    --                    --                    --                  Bank Indonesia
     Giro pada                                                                                                                                                                                           Current accounts with
       bank lain                                  645,876               645,876                     --                    --                    --                    --                    --                    other banks
     Penempatan pada                                                                                                                                                                                           Placements with
     Bank Indonesia                                                                                                                                                                                             Bank Indonesia
       dan bank lain                            3,356,000                      --           2,449,657                     --              906,343                     --                    --                and other banks
     Efek-efek                                 37,624,588                      --                   --               13,538             4,985,039             2,400,487            30,225,524                          Securities
     Efek-efek yang dibeli                                                                                                                                                                          Securities purchased under
       dengan janji dijual kembali              7,215,441                     --            7,215,441                     --                    --                    --                    --               resell agreement
     Tagihan derivatif                             20,974                     --               20,974                     --                    --                    --                    --          Derivative receivables
     Kredit yang diberikan - bruto             66,304,719                     --            6,798,668               771,209             6,512,167            35,677,360            16,545,315                      Loans - gross
     Aset lain-lain *)                          1,525,993                20,885             1,298,478                     --                    --              206,630                     --                   Other assets *)
     Total                                    124,371,246             8,344,416            17,783,218               784,747            12,403,549            38,284,477            46,770,839                              Total
     Liabilitas segera                          (296,179)                    --             (296,179)                    --                    --                    --                    --      Obligations due immediately
     Simpanan dari nasabah                   (89,435,750)          (25,474,093)          (46,052,618)          (14,033,421)           (3,673,412)             (187,525)              (14,681)         Deposits from customers
     Simpanan dari bank lain                  (3,872,596)             (319,204)           (3,528,392)              (20,500)               (4,500)                    --                    --        Deposits from other banks
     Liabilitas derivatif                        (18,931)                    --              (18,931)                    --                    --                    --                    --                Derivative payable
     Efek-efek yang dijual                                                                                                                                                                                Securities sold under
       dengan janji dibeli kembali           (12,573,231)                      --        (12,573,231)                    --                    --                    --                     --      repurchased agreements
     Pinjaman yang diterima                   (2,909,228)                      --           (461,910)             (692,865)           (1,754,453)                    --                     --                Fund borrowings
     Obligasi subordinasi                        (50,000)                      --                  --                    --                    --              (50,000)                     --             Subordinated bonds
     Beban yang masih
       harus dibayar                                                                                                                                                                                     Accrued expenses and
       dan liabilitas lain-lain**)              (427,497)                    --             (427,497)                    --                    --                    --                    --               other liabilities**)
     Total                                  (109,583,412)          (25,793,297)          (63,358,758)          (14,746,786)           (5,432,365)             (237,525)              (14,681)                               Total
     Neto                                      14,787,834          (17,448,881)          (45,575,540)          (13,962,039)             6,971,184            38,046,952            46,756,158                                Net

     *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
         Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets
     **) Termasuk di dalam biaya yang masih harus dibayar dan liabilitas lain-lain merupakan bunga yang masih harus dibayar, setoran jaminan, liabilitas sewa, dan kewajiban pembelian surat berharga/
         Included in accrued expenses and other liabilities are accrued interest payables, guarantee deposits, lease liabilities, and liabilities to purchase of marketable securities


                                                                                                 31 Desember/December 31, 2022
                                                                   Tidak
                                                                mempunyai
                                             Nilai             tanggal jatuh          Kurang dari                                    <3-12                < 12-60             Lebih dari
                                           tercatat/             tempo/No               1 bulan/                                    bulan/                 bulan/              60 bulan/
                                           Carrying             contractual            Less than             1-3 bulan/              <3-12                < 12-60             More than
                                            Value                 maturity              1 month             1-3 months              months                months              60 months
     ASET                                                                                                                                                                                                               ASSETS
     Kas                                          901,616               901,616                     --                     --                    --                    --                    --                            Cash
     Giro pada                                                                                                                                                                                           Current accounts with
     Bank Indonesia                             8,691,986             8,691,986                     --                     --                    --                    --                    --                 Bank Indonesia
     Giro pada                                                                                                                                                                                           Current accounts with
       bank lain                                  758,773               758,773                     --                    --                     --                    --                    --                   other banks
     Penempatan pada                                                                                                                                                                                           Placements with
     Bank Indonesia                                                                                                                                                                                             Bank Indonesia
       dan bank lain                            9,164,176                      --           9,164,176                     --                    --                    --                    --                and other banks
     Efek-efek                                 39,177,941                      --                   --              203,213             2,841,217             2,976,917            33,156,594                          Securities
     Efek-efek yang dibeli                                                                                                                                                                          Securities purchased under
       dengan janji dijual kembali              3,254,705                     --            3,254,705                     --                    --                    --                    --               resell agreement
     Tagihan derivatif                             10,119                     --               10,119                     --                    --                    --                    --          Derivative receivables
     Kredit yang diberikan - bruto             70,311,303                     --            6,646,718               921,135             5,005,189            33,086,770            24,651,491                      Loans - gross
     Tagihan akseptasi                             53,031                     --                    --               37,129                15,902                     --                    --          Acceptance receivable
     Aset lain-lain *)                          1,348,412                21,666             1,215,746                     --              111,000                     --                    --                   Other assets *)
     Total                                    133,672,062            10,374,041            20,291,464             1,161,477             7,973,308            36,063,687            57,808,085                              Total
     Liabilitas segera                          (245,593)                    --             (245,593)                    --                     --                    --                    --     Obligations due immediately
     Simpanan dari nasabah                  (102,949,667)          (27,165,111)          (56,230,623)          (15,447,397)            (3,876,342)             (215,407)              (14,787)        Deposits from customers
     Simpanan dari bank lain                  (1,546,696)             (691,102)             (837,594)              (14,500)                (3,500)                    --                    --       Deposits from other banks
     Liabilitas derivatif                        (66,818)                    --              (66,818)                    --                     --                    --                    --               Derivative payable
     Liabilitas akseptasi                        (53,031)                    --                    --              (37,129)               (15,902)                    --                    --             Acceptance payable
     Efek-efek yang dijual                                                                                                                                                                                Securities sold under
       dengan janji dibeli kembali           (13,263,387)                      --          (2,806,550)                    --         (10,456,857)                     --                     --     repurchased agreements
     Pinjaman yang diterima                   (1,856,213)                      --            (856,213)                    --                   --            (1,000,000)                     --               Fund borrowings
     Obligasi subordinasi                        (50,000)                      --                                         --                   --               (50,000)                     --            Subordinated bonds
     Beban yang masih
       harus dibayar                                                                                                                                                                                     Accrued expenses and
       dan liabilitas lain-lain**)              (422,597)                    --             (422,597)                    --                    --                     --                    --              other liabilities**)
     Total                                  (120,454,002)          (27,856,213)          (61,465,988)          (15,499,026)          (14,352,601)            (1,265,407)              (14,787)                              Total
     Neto                                      13,218,060          (17,482,172)          (41,174,524)          (14,337,549)            (6,379,293)           34,798,280            57,793,298                                Net

     *) Termasuk di dalam aset lain-lain merupakan bunga yang masih akan diterima, setoran jaminan, piutang sewa, tagihan penjualan surat berharga, dan aset yang diblokir/
         Included in other assets are accrued interest receivables, guarantee deposits, lease receivables, receivables from sales of marketable securities, and restricted assets
     **) Termasuk di dalam biaya yang masih harus dibayar dan liabilitas lain-lain merupakan bunga yang masih harus dibayar, setoran jaminan, liabilitas sewa, dan kewajiban pembelian surat berharga/
         Included in accrued expenses and other liabilities are accrued interest payables, guarantee deposits, lease liabilities, and liabilities to purchase of marketable securities




                                                                                                         154
Page 511
PT BANK MEGA TBK                                                                                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                                                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                                                         Unless Otherwise Stated)

     Tabel di bawah ini menunjukkan sisa jatuh                                                                                  The table below shows the remaining
     tempo kontraktual dari liabilitas keuangan                                                                                 contractual maturities of financial liabilities
     berdasarkan pada undiscounted cash flows                                                                                   based on undiscounted cash flows (unaudited).
     (tidak diaudit).
                                                                                                31 Desember/December 31, 2023
                                                                  Tidak
                                                               mempunyai
                                                                 tanggal
                                                                  jatuh              Kurang dari                                    <3-12               < 12-60         Lebih dari
                                                                tempo/No               1 bulan/                                    bulan/                bulan/          60 bulan/
                                            Jumlah/            contractual            less than             1-3 bulan/              <3-12               < 12-60         More than
                                             Total               maturity              1 month             1-3 months              months               months          60 months
     LIABILITAS                                                                                                                                                                                          LIABILITIES
     Liabilitas segera                           296,179                      --             296,179                       --                  --                  --                --   Obligations due immediately
     Simpanan dari
       nasabah                                89,969,700            25,474,093            46,359,775            14,171,274             3,762,352             187,525           14,681        Deposits from customers
     Simpanan dari
       bank lain                                3,876,629              319,204             3,532,185                  20,640                4,600                  --                      Deposits from other banks
     Efek-efek yang djual
       dengan janji                                                                                                                                                                              Securities sold under
       dibeli kembali                         12,573,231                      --          12,573,231                       --                  --                  --                --    repurchased agreements
     Liabilitas derivatif                         18,931                      --              18,931                       --                  --                  --                --           Derivatives payable
     Utang akseptasi                                   --                     --                   --                      --                  --                  --                --          Acceptance payable
     Pinjaman yang diterima                    2,916,491                      --             469,173                 692,865           1,754,453                   --                --             Fund borrowings
     Obligasi subordinasi                         50,416                      --                 416                       --                  --             50,000                 --           Subordinated bonds
     Beban yang masih
       harus dibayar
       dan liabilitas                                                                                                                                                                          Accrued expenses and
       lain-lain**)                              108,868                     --              108,868                     --                    --                  --               --            other liabilities**)
     Total                                   109,810,445            25,793,297            63,358,758            14,884,779             5,521,405             237,525           14,681                             Total

     **) Termasuk di dalam biaya yang masih harus dibayar dan liabilitas lain-lain merupakan bsetoran jaminan dan kewajiban pembelian surat berharga/
         Included in accrued expenses and other liabilities are guarantee deposits and liabilities to purchase of marketable securities


                                                                                                31 Desember/December 31, 2022
                                                                  Tidak
                                                               mempunyai
                                                                 tanggal
                                                                  jatuh              Kurang dari                                    <3-12               < 12-60         Lebih dari
                                                                tempo/No               1 bulan/                                    bulan/                bulan/          60 bulan/
                                            Jumlah/            contractual            less than             1-3 bulan/              <3-12               < 12-60         More than
                                             Total               maturity              1 month             1-3 months              months               months          60 months
     LIABILITAS                                                                                                                                                                                          LIABILITIES
     Liabilitas segera                           245,593                      --             245,593                       --                  --                  --                --   Obligations due immediately
     Simpanan dari
       nasabah                               103,485,566            27,165,111            56,536,999            15,582,775             3,970,487             215,407            14,787       Deposits from customers
     Simpanan dari
       bank lain                                1,550,020              691,102               840,778                  14,583                3,557                  --                --     Deposits from other banks
     Efek-efek yang djual
       dengan janji                                                                                                                                                                              Securities sold under
       dibeli kembali                         13,263,387                      --           2,806,549                       --         10,456,838                   --                --    repurchased agreements
     Liabilitas derivatif                         66,818                      --              66,818                       --                  --                  --                --           Derivatives payable
     Utang akseptasi                              53,031                      --                   --                 37,129              15,902                   --                --          Acceptance payable
     Pinjaman yang diterima                    1,864,233                      --             864,233                       --                  --          1,000,000                 --             Fund borrowings
     Obligasi subordinasi                         50,416                      --                 416                       --                  --             50,000                 --           Subordinated bonds
     Beban yang masih
       harus dibayar
       dan liabilitas                                                                                                                                                                          Accrued expenses and
       lain-lain**)                              104,600                     --              104,600                     --                    --                  --                --           other liabilities**)
     Total                                   120,683,664            27,856,213            61,465,986            15,634,487            14,446,784           1,265,407            14,787                            Total

     **) Termasuk di dalam biaya yang masih harus dibayar dan liabilitas lain-lain merupakan bsetoran jaminan dan kewajiban pembelian surat berharga/
         Included in accrued expenses and other liabilities are guarantee deposits and liabilities to purchase of marketable securities



f.   Risiko Operasional                                                                                         f.              Operational Risk
     Bank       senantiasa         menyempurnakan                                                                               The Bank constantly improves its operational
     implementasi manajemen risiko operasional                                                                                  risk management implementation by increasing
     dengan meningkatkan kesadaran para pegawai                                                                                 employee’s risk awareness and improving the
     terhadap    risiko    serta   menyempurnakan                                                                               policies    and     procedures   for   banking
     kebijakan dan prosedur untuk operasional                                                                                   operations. These efforts are aimed to mitigate
     bank. Berbagai upaya ini ditujukan untuk                                                                                   inherent risk as well as to improve control
     memitigasi     risiko   inheren   dan   terus                                                                              system particularly for the Bank’s operational
     meningkatkan sistem pengendalian khususnya                                                                                 risks. Bank continuously increases risk
     terhadap risiko operasional. Bank terus-                                                                                   awareness of its employees through various
     menerus meningkatkan kesadaran risiko                                                                                      media including e- campaign, bulletins, and
     seluruh pegawainya melalui berbagai media                                                                                  direct socialization.
     termasuk e-campaign, buletin dan sosialisasi
     secara langsung.




                                                                                                        155
Page 512
PT BANK MEGA TBK                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)

     Bank telah memiliki aplikasi Operational risk       The Bank has an application called
     Web Links (OWL) pada menu Operational Risk          Operational risk Web Links (OWL) for menu
     Online        Test     (OPRIST)        untuk        called Risk Online Test (OPRIST), to provide
     menyelenggarakan tes online kepada pegawai          online test for branch’s employees and also
     kantor cabang serta sebagian pegawai kantor         some of Head Office employees. Its purpose is
     pusat. Tujuannya adalah untuk mengukur              to measure the employees’ mastership and
     penguasaan dan pemahaman terhadap                   understanding towards the policy and
     Kebijakan dan Prosedur serta Pengetahuan            procedure, and product knowledge. Bank
     Produk. Pelaksanaan OPRIST dilakukan                regularly holds OPRIST.
     secara rutin.
     OPRIST dapat dilakukan secara tematik, yakni        OPRIST could be carried out thematically, i.e
     materi tes difokuskan ke proses-proses              the exam materials are focused on high-risk
     operasional di kantor cabang, kantor regional,      operational processes in the branches. In
     dan kantor pusat yang dianggap berisiko tinggi.     addition, the Bank has conducted Operational
     Selain itu, Bank juga telah menyelenggarakan        Risk Management e-learning since 2018. All
     e-learning dengan modul Operational Risk            employees have to participate in the e-
     Management sejak tahun 2018. E-learning             Learning.
     Operational Risk Management tersebut diikuti
     ditujukan kepada oleh seluruh pegawai Bank.
     Selain Menu OPRIST, pada aplikasi OWL juga          In addition to the OPRIST Menu, the OWL
     terdapat menu dashboard untuk melakukan             application has a Dashboard menu to monitor
     monitoring GL Kerugian Operasional Bank,            the Bank's Operational Loss General Ledger.
     dimana Bank Melakukan Monitoring dan                The Bank Monitors and analysis all
     analisis seluruh GL Kerugian Operasional            Operational Losses General Ledger every
     setiap bulannya untuk memastikan pembukuan          month to ensure that the bookkeeping of
     Kerugian Operasional yang dilakukan oleh            Operational Losses carried out by the Work
     Satuan     Kerja    telah    sesuai    dengan       Unit is in accordance, building Loss data
     peruntukannya, membangun data Kerugian              Operations    as    an   implementation   of
     Operasional sebagai pendukung perhitungan           Operational Risk RWA calculations using the
     ATMR Risiko Operasional dengan metode               Standardized Approach method based on the
     Pendekatan      Standar    yang     diterapkan      OJK regulatory and provides an overview to
     berdasarkan     Surat    Edaran    OJK     dan      the Work Unit of the Operational Losses that
     memberikan gambaran kepada Satuan Kerja             occur, to become a lesson learned.
     terhadap Kerugian Operasional yang terjadi,
     untuk menjadi lesson learned.
     Bank telah memiliki Kebijakan Business              The Bank has a Business Continuity
     Continuity Management (BCM) yang secara             Management          (BCM)       policy      which
     komprehensif        menangani        berbagai       comprehensively address various disorders/
     gangguan/bencana akibat perbuatan manusia,          disasters by man, social and/or nature, e.g.
     sosial dan/atau alam, misalkan kebakaran,           fire, earthquake, flood, demonstrations, and
     gempa bumi, banjir, demonstrasi, dan lain-lain.     others. This policy was developed to ensure
     Kebijakan ini disusun untuk menjamin kegiatan       that business operations and the Bank’s critical
     operasional bisnis dan sumber daya kritikal         resource can still function despite the
     Bank tetap dapat berfungsi walaupun terjadi         disruption/disaster or build resilience and the
     gangguan/bencana atau membangun resiliensi          ability to respond effectively to a disaster
     (ketahanan) dan kemampuan untuk memberi             situation in order to protect the interests of the
     respon secara efektif terhadap suatu kondisi        stakeholders, reputation and the Bank’s name.
     bencana guna melindungi kepentingan para
     stakeholders, reputasi dan nama baik Bank.
     Di dalam komponen BCM, Bank menyusun                In Business Continuity Management (BCM)
     Continuity     Plan     guna      memastikan        component, the Bank arrange Continuity Plan
     kelangsungan operasional perusahaan dalam           to ensure the continuity of the company
     menghadapi krisis. Pada dasarnya Continuity         operational amidst crisis. Basically continuity
     Plan ini dirancang sebagai posisi pencegahan        plan designed as a preventive position, where

                                                   156
Page 513
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

     (preventif), dimana bencana dapat timbul             disaster may arise any time that makes
     sewaktu-waktu     sehingga     proses   bisnis       business process stranded. Continuity Plan
     terhambat. Strategi Continuity Plan telah diuji      strategy have been tested and works well in
     dan berjalan dengan baik ketika menghadapi           this Covid-19 pandemic situation, on both
     pandemi Covid-19, bencana sosial, dan                social and natural disasters.
     bencana alam.
     Untuk melengkapi hal di atas, Bank juga telah        On the other hand, Bank also has emergency
     memiliki prosedur tanggap darurat terkait            procedure related to life safety in the condition
     keselamatan jiwa pada kondisi krisis serta           of crisis and Disaster Recovery Center (DRC)
     Disaster Recovery Center (DRC) sebagai               as the Bank IT Recovery Center to assure the
     Pusat Recovery Teknologi Informasi Bank              continuity of the Bank’s operations if the
     apabila terjadi gangguan infrastruktur pada          infrastructure of the data center at Head Office
     data center di Kantor Pusat. Guna memastikan         is disrupted. To ensure DRC readiness, the
     kesiapan DRC, Bank menyelenggarakan uji              Bank has been doing the periodically test.
     coba secara periodik.
     Bank mengembangkan Operational Risk                  Bank      developed      Operational   Risk
     Management System (ORMS) dalam rangka                Management System (ORMS) in order to
     penyempurnaan tools yang telah ada. ORMS             perfect the existing tools. ORMS has three
     memiliki tiga modul yakni Risk Control Self          modules,    namely     Risk    Control Self
     Assessment (RCSA), Risk Event Database               Assessment (RCSA), Risk Event Database
     (RED) dan Key Risk Indicator (KRI).                  (RED) and Key Risk Indicator (KRI).
     Pengembangan ini akan dilakukan pada
     aplikasi Operational Risk Web Links (OWL).
     RCSA digunakan untuk membantu risk owner             RCSA is used to help risk owner to manage
     dalam melakukan proses manajemen risiko              operational risks which include independently
     operasional yang mencakup identifikasi dan           identifying and measuring the effectiveness of
     pengukuran       efektivitas  kontrol   risiko       operational risk control predictively. Meanwhile
     operasional secara prediktif. Sedangkan RED          RED is a tool that functions as a risk events
     merupakan tools yang berfungsi sebagai               database, which is used for Bank’s learning
     database peristiwa risiko, yang digunakan            data. Furthermore KRI, a helping tool which
     untuk data pembelajaran Bank. Selanjutnya,           gives earlier information regarding symptoms
     KRI adalah alat bantu yang memberikan                and risks which have inclining trend.
     informasi secara dini mengenai gejala maupun
     risiko yang trennya menunjukkan peningkatan.
     Selanjutnya, Komite Produk yang dibentuk             In addition, the Bank had optimized Product
     telah dioptimalkan fungsinya, yakni selain           Committee’s function to identify and mitigate
     mengidentifikasi dan memitigasi risiko yang          risks which might be found in new products
     melekat pada produk dan aktivitas baru, juga         and services launched, and to evaluate
     melakukan evaluasi terhadap kinerja produk-          performance of existing products.
     produk yang telah diluncurkan.
     Guna memudahkan langkah-langkah mitigasi             In order to ease steps to mitigate product risks
     risiko produk oleh unit-unit kerja yang terkait,     by related units, the Bank has developed risk
     Bank telah menyusun pedoman pengelolaan              management guidance for certain products,
     risiko untuk produk-produk tertentu, antara lain     among others, bancassurance and mutual
     bancassurance dan reksa dana.                        funds.
     Bank juga melakukan pengukuran dan                   The Bank also conducts measurement and
     pelaporan secara periodik ke Otoritas Jasa           reporting to the Financial Services Authority
     Keuangan mengenai pengelolaan risiko                 periodically on operational risk management
     operasional mengacu kepada parameter risiko          based on operational risk parameters Bank
     operasional   dalam       Penilaian     Tingkat      Soundness Assessment (BSA) using risk
     Kesehatan Bank (PTKB) dengan menggunakan             approach (Risk-based Bank Ratings/RBBR)
     pendekatan    risiko     (Risk-based      Bank       which consists of 2 parts:
     Rating/RBBR) yang terdiri dari 2 bagian, yaitu:

                                                    157
Page 514
PT BANK MEGA TBK                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

     1. Risiko Inheren                                          1. Inherent Risk
        • Karakteristik dan Kompleksitas Bisnis                    • Characteristic and Complexity of
                                                                      Business
         • Sumber Daya Manusia                                     • Human Resources
         • Teknologi dan Infrastruktur Pendukung                   • Technology      and   Supporting
                                                                      Infrastructure
         • Fraud                                                   • Fraud
         • Kejadian Eksternal                                      • External Event

     2. Kualitas Penerapan Manajemen Risiko                     2. Risk Management Quality
        • Tata Kelola Risiko                                       • Risk Governance
        • Kerangka Manajemen Risiko                                • Risk Management Framework
        • Proses Manajemen Risiko, Sistem                          • Risk Management Process, Information
          Informasi, dan SDM                                          System, and Human Resources
        • Sistem Pengendalian Risiko                               • Risk Control System

     Disisi lain, untuk pengukuran risiko yang terkait          On the other hand, for the measurement of risk
     dengan perhitungan Aset Tertimbang Menurut                 related to the calculation of Risk-Weighted
     Risiko (ATMR) atas Risiko Operasional, Mulai               Assets (RWA) for Operational Risk, Starting in
     triwulan pertama 2023 Bank menggunakan                     the first quarter of 2023 Bank uses the
     Pendekatan Standar sesuai SEOJK No.                        Standardized Approach in accordance with
     6/SEOJK.03/2020 yang sudah dilakukan uji                   SEOJK Regulation No. 6/SEOJK.03/2020. The
     coba laporan sebanyak 2 kali di tahun 2021                 Bank has conducted 2 trial reports for the
     dan 2022 untuk perhitungan ATMR Risiko                     calculation of RWA for Operational Risk using
     Operasional dengan menggunakan metode                      the new method in 2021 and 2022.
     baru.

     Sementara itu, Bank juga memperkuat                        Meanwhile, Bank also strenghten the internal
     pengendalian      internal    melalui    forum             control through the forum with routine meetings
     pengendalian internal dengan melakukan rapat               to discuss operational risk material issues so it
     rutin   untuk    membahas      isu-isu   Risiko            can be controlled early.
     Operasional yang material agar risiko-risiko
     tersebut dapat dikendalikan secara dini.

     Sebagai bentuk pengawasan aktif Direksi atas               As a form of active supervision by the Board of
     implementasi Kualitas Penerapan Manajemen                  Directors on the implementation Quality of
     Risiko     Operasional,      Bank      telah               Operational Risk Management, the Bank has
     menyelenggarakan        Operational     Risk               held Operational Risk Governance Meetings at
     Governance Meeting di tingkat Bank yang                    the Bank level with the main objective of
     tujuan utamanya adalah untuk mengidentifikasi              identifying and managing the Bank’s key risks.
     dan mengelola risiko utama Bank. Hasil                     The results of the Governance Meeting are
     Governance Meeting ini dimonitor secara                    monitored regularly.
     berkala.

g.   Risiko TI dan Siber                                   g.   IT and Cyber Risk
     Bank telah memiliki Kebijakan Manajemen                    Bank has an Information Technology Risk
     Risiko Teknologi Informasi dan Siber dan juga              Management Policy and also in Cyber Security
     Kebijakan Ketahanan dan Keamanan Siber                     and Resilience Policy in accordance with the
     sesuai dengan regulasi terbaru yang dapat                  latest regulations which can be used as a
     digunakan sebagai acuan dalam melakukan                    reference in implementing risk management for
     penerapan     manajemen      risiko  terhadap              the use of Information Technology Services
     penggunaan Layanan Teknologi Informasi di                  within the Bank.
     dalam lingkungan Bank.




                                                     158
Page 515
PT BANK MEGA TBK                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)

     Selain itu, Bank telah melakukan pengkajian           In addition, the Bank has conducted a risk
     risiko dan memastikan kontrol yang efektif           assessment and ensured effective controls in
     dalam sistem pengendalian internal yang              an adequate internal control system to
     memadai untuk meminimalisir risiko inheren           minimize inherent and residual risks and their
     dan residual serta dampaknya dalam                   impact in the management and use of
     pengelolaan    dan    penggunaan   Layanan           Information Technology Services.
     Teknologi Informasi.

     Bank, melalui divisi IT and Cyber Risk               Bank through the IT and Cyber Risk
     Management, sebagai fungsi pertahanan lini           Management division, as a second line of
     kedua, menjalankan fungsi konsultasi dan             defence, conduct advisory and communication
     komunikasi dengan unit bisnis dan atau unit          functions with business units and or support
     support yang ada di dalam first line of defense      units in first line of defense related to risk
     terkait dengan pengelolaan risiko penggunaan         management in the use of Information
     Layanan Teknologi Informasi.                         Technology Services.

     Sebagai upaya Bank di dalam mengelola risiko         As part of the Bank's efforts to manage
     keamanan dan informasi secara tepat dan              security and information risks appropriately
     efektif,  Bank    telah   menerapkan     dan         and effectively, the Bank has adopted and
     mendapatkan sertifikasi standar internasional        acquired    ISO     27001:2013     international
     ISO 27001:2013 tentang Sistem Manajemen              standard certification for Information Security
     Keamanan Informasi (SMKI). Dalam ISO                 Management Systems (ISMS). According to
     27001, Bank dipersyaratkan untuk selalu              ISO 27001, Banks are required to develop,
     membangun, menerapkan, memelihara serta              implement, maintain and continuously improve
     terus    meningkatkan   sistem   manajemen           information security management systems
     keamanan informasi sesuai cakupannya.                based on their scope.

     Bank juga membangun kesadaran sehubungan             Bank also raise Information Technology and
     Manajemen Risiko Teknologi Informasi dan             Cyber Risk Management awareness for all
     Siber bagi seluruh karyawan yang mencakup,           employees       which    includes  Information
     Risiko Teknologi dan Keamanan Informasi              Technology and Security Risk including Cyber
     termasuk Risiko Siber melalui berbagai media         Risk via various communication media, such
     komunikasi, antara lain: e-learning, mail blast,     as e-learning, e-mail blast, desktop wallpaper
     wallpaper    PC/laptop,     buletin   Informasi      for PCs/laptops, Informasi Teknologi Risk dan
     Teknologi   Risk    dan     Ketahanan     Siber      Ketahanan Siber (INTERAKSI) bulletin, and
     (INTERAKSI), dan pelatihan online terkait ISO        online training for ISO 27001.
     27001.

     Bank juga telah melakukan pengujian                  Bank also conducted cybersecurity testing
     keamanan       siber  berdasarkan       analisis     based on vulnerability analysis to identify the
     kerentanan untuk melihat titik lemah dari sistem     the Bank's system’s weaknesses, namely by
     Bank, yaitu dengan pelaksanaan vulnerability         conduct a vulnerability assessment followed by
     assesment       yang   dilanjutkan      dengan       penetration testing.
     penetration testing.

     Bank juga melakukan pengujian keamanan               Bank also carried out cyber security testing
     siber berdasarkan skenario untuk memvalidasi         based on scenarios to validate the
     proses penanggulangan dari potensi ancaman           countermeasures process for potential cyber
     siber dan pemulihan terhadap adanya potensi          threats and recovery against potential cyber
     insiden siber, yaitu dengan melakukan Table-         incidents, specifically by performing conducting
     Top Exercise untuk menilai kesiapan Bank             a Table-Top Exercise to assess the Bank’s
     dalam merespons insiden siber dan Social             preparedness in responding to cyber incidents
     Engineering Exercise yang berupa simulasi            and a Social Engineering Exercise in the form
     Email phishing kepada seluruh karyawan Bank          of a phishing Email simulation to all Bank
     dan juga Dumpster Diving Exercise kepada unit        employees and also the Dumpster Diving
     kerja yang memproses data transaksional              Exercise to working units that proceed
     nasabah.                                             customer’s transactional data.

                                                    159
Page 516
PT BANK MEGA TBK                                                                PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                 NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                (Continued)
Untuk Tahun-tahun yang Berakhir                                                   For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                   December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                           (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)

      Untuk      meningkatkan   keamanan       dan          To enhance the security and confidentiality of
      kerahasiaan data Nasabah, Bank saat ini telah         customer data, Bank Mega has conducted an
      melakukan penilaian terhadap kebijakan clear          assessment of the clear desk and clear screen
      desk dan clear screen. Setiap karyawan                policy, requiring all employees to be
      diwajibkan untuk bertanggung jawab dalam              responsible for maintaining a clean work area,
      menjaga kebersihan area kerja, menyimpan              securely storing confidential documents, and
      dokumen rahasia di tempat yang aman, dan              turning off computer screens when not in use.
      mematikan layar komputer ketika tidak                 This initiative aims to reduce potential risks
      digunakan. Tujuan dari langkah ini adalah             such as the loss of confidential documents and
      untuk mengurangi potensi risiko seperti               unauthorized access.
      kehilangan dokumen rahasia dan akses yang
      tidak sah.

      Dalam Penilaian Tingkat Kesehatan Bank                In Risk-Based Bank Rating, the Bank has
      (PTKB), Bank telah menambahkan aspek risiko           included cybersecurity risks as part of the
      siber sebagai bagian dari profil risiko               operational risk profile associated with the use
      operasional terkait penggunaan Teknologi              of Information Technology (IT). These aspects
      Informasi (TI). Aspek tersebut mencakup               encompass the utilization of up-to-date
      penggunaan      antivirus  yang   ter-update,         antivirus software, the frequency of cyber-
      frekuensi serangan siber, dan dampak insiden          attacks, and the impact of cyber incidents. This
      siber. Langkah ini akan membantu Bank dalam           measurement will assist the Bank in monitoring
      melakukan pemantauan terhadap kerentanan              the vulnerability of the IT systems to threats
      sistem TI terhadap ancaman dan serangan               and cyber-attacks.
      siber.


46.   Manajemen Modal dan Rasio Kewajiban               46. Capital   Management     And     Minimum
      Penyediaan Modal Minimum                              Required Capital Adequacy Ratio (CAR)

      Dalam pengelolaan modal, Bank diwajibkan              In capital management, the Bank is required to
      untuk menjaga dan menguatkan posisi modal             maintain and strengthen the capital position
      yang mendukung pertumbuhan bisnis serta               that supports business growth and maintains
      menjaga kepercayaan investor, deposan,                the confidence of investors, depositors,
      pelanggan, dan pasar sebagaimana tercermin            customers and the market as reflected in the
      dari implementasi POJK No.11/POJK/03/2016             implementation of POJK No.11/POJK/03/2016
      tentang Kewajiban Penyediaan Modal Minimum            regarding     Minimum       Capital  Adequacy
      untuk Bank Umum sebagaimana diubah                    Requirement for Commercial Banks as latest
      terakhir kali melalui POJK No. 27 tahun 2022.         amended with POJK No. 27 year 2022. The
      Bank telah memperhitungkan peraturan ini              Bank has taken into account on this regulation
      dalam mengevaluasi dan mengelola kecukupan            in evaluating and managing its capital
      modalnya. Implementasi Bank terhadap                  adequacy. The Bank's implementation of this
      peraturan ini menjadi bukti komitmen Bank             regulation is proof of the Bank's commitment to
      untuk menjaga struktur modal yang kuat dan            maintain a strong and resilient capital
      tangguh, sesuai dengan persyaratan regulasi           structure, in accordance with regulatory
      dan praktik terbaik industri.                         requirements and industry best practices.

      Berdasarkan       POJK    No.11/POJK/03/2016          Based     on     POJK       No.11/POJK/03/2016
      tentang Kewajiban Penyediaan Modal Minimum            regarding    Minimum        Capital    Adequacy
      untuk Bank Umum sebagaimana diubah                    Requirement for Commercial Banks as latest
      terakhir kali melalui POJK No. 27 tahun 2022,         amended with POJK No. 27 year 2022, the
      Bank membagi modal menjadi 2 (dua) bagian             Bank divides its capital into two parts:
      yang terdiri atas:
      1. Modal Tier 1 yang meliputi modal inti              1. Tier 1 capital which includes primary core
          utama (Common Equity Tier 1) dan modal               capital (Common Equity Tier 1) and
          inti tambahan (Additional Tier 1).                   additional core capital (Additional Tier 1).
      2. Modal Tier 2.                                      2. Tier 2 capital.


                                                  160
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PT BANK MEGA TBK                                                            PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                             NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                            (Continued)
Untuk Tahun-tahun yang Berakhir                                               For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                               December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                       (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)

     Dalam konteks perhitungan kecukupan modal,         In the context of calculating capital adequacy,
     Bank diwajibkan untuk menghitung Aset              Bank is required to calculate Risk-Weighted
     Tertimbang Menurut Risiko (ATMR) untuk risiko      Assets (RWA) for Operational, Market, and
     Operasional, Pasar, dan Kredit sebagai             Credit risks as a component in the calculation
     komponen dalam perhitungan Kewajiban               of Capital Adequacy Ration (CAR). In order to
     Penyediaan Modal Minimum (KPMM). Dalam             calculate the capital charge and RWA for
     rangka menghitung beban modal dan ATMR             operational risk, Bank currently applies the
     risiko operasional, Bank saat ini telah            Standar Approach (SA) in accordance with
     menerapkan metode Standardized Approach            SEOJK No. 6/SEOJK.03/2020.
     (SA) sesuai SEOJK No. 6/SEOJK.03/2020.

     Selain itu, Bank juga telah melakukan Uji Coba     Furthermore, Bank has also conducted 2 trial
     sebanyak 2 kali untuk melakukan perhitungan        runs for the calculation of operational risk
     beban modal risiko operasional dengan              capital charge using the Standardized
     menggunakan Standardized Approach (SA)             Approach (SA) in accordance with the
     sesuai dengan ketentuan SEOJK Nomor                provisions of SEOJK No. 06/ SEOJK/03/2020
     06/SEOJK/03/ 2020 tentang Perhitungan Aset         on the Calculation of Risk- Weighted Assets
     Tertimbang Menurut Risiko (ATMR) untuk             (RWA) for Operational Risk using the
     Risiko Operasional dengan menggunakan              Standardized Approach, which has been
     Pendekatan Standar yang telah efektif              effective in January 2023.
     diterapkan pada bulan Januari 2023.

     Untuk perhitungan ATMR Risiko Pasar, Bank          For the calculation of RWA for market risk,
     menggunakan Metode Standar (Standard               Bank uses the Standard Method, which refers
     Method) yang mengacu pada SEOJK                    to SEOJK No.38/SEOJK.03/2016 on the
     No.38/SEOJK. 03/2016 tentang Pedoman               Guidelines for the Use of the Standard Method
     Penggunaan      Metode    Standar   Dalam          in the Calculation of Minimum Capital
     Perhitungan Kewajiban Penyediaan Modal             Requirements for Commercial Banks with
     Minimum       Bank      Umum      Dengan           Consideration of Market Risk.
     Memperhitungkan Risiko Pasar.

     Kemudian dengan diterbitkannya SEOJK               With the issuance of SEOJK No.23/SEOJK.
     No.23/SEOJK.03/2022 tentang Perhitungan            03/2022 on the Calculation of Risk-Weighted
     Aset Tertimbang Menurut Risiko Untuk Risiko        Assets for Market Risk for Commercial Banks,
     Pasar Bagi Bank Umum, maka bank harus              the Bank then must prepare a Report on the
     menyusun Laporan Perhitungan ATMR Risiko           Calculation of RWA for Market Risk using the
     Pasar dengan menggunakan pendekatan                standardized approach or a simplified
     standar     (standardized   approach)    atau      standardized approach. The Bank will also
     pendekatan standar yang disederhanakan             submit a trial run of the Report on the
     (simplified standardised approach). Bank juga      Calculation of RWA for Market Risk for the end
     akan menyampaikan uji coba Laporan                 of June 2023, September 2023, and December
     Perhitungan ATMR Risiko Pasar untuk posisi         2023 positions. Furthermore, this Report on
     akhir bulan Juni 2023, bulan September 2023,       the Calculation of RWA for Market Risk must
     dan bulan Desember 2023. Selanjutnya,              be submitted for the first time at the end of
     Laporan Perhitungan ATMR Risiko Pasar ini          January 2024 for individual banks and at the
     wajib disampaikan untuk pertama kali pada          end of March 2024 for consolidated banks.
     posisi akhir bulan Januari 2024 bagi bank
     secara individu dan posisi akhir bulan Maret
     2024 bagi bank secara konsolidasi.

     Dalam perhitungan ATMR Risiko Kredit,              In the calculation of RWA for credit risk, the
     penyusunan dan perhitungan ATMR mengacu            preparation and calculation of RWA refers to
     pada SEOJK No. 24/SEOJK.03/2021 tentang            SEOJK      No.24/SEOJK.03/2021      on     the
     Perhitungan Aset Tertimbang Menurut Risiko         Calculation of Risk-Weighted Assets for Credit
     untuk Risiko Kredit dengan Menggunakan             Risk using the Standardized Approach which
     Pendekatan Standar yang telah mengadopsi           has adopted Basel 3 reforms.
     Basel 3 reform.

                                                  161
Page 518
PT BANK MEGA TBK                                                                   PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                    NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                   (Continued)
Untuk Tahun-tahun yang Berakhir                                                      For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                      December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                              (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)

     Kewajiban Bank dalam penyediaan modal                  The Bank's obligation in providing minimum
     minimum sesuai profil risiko sebagaimana               capital according to risk profile as regulated in
     diatur dalam POJK No.11/POJK/03/2016                   POJK       No.11/POJK/03/2016          regarding
     tentang Kewajiban Penyediaan Modal Minimum             Minimum Capital Adequacy Requirement for
     untuk Bank Umum sebagaimana diubah                     Commercial Banks as latest amended with
     terakhir kali melalui POJK No. 27 tahun 2022           POJK No. 27 year 2022 is as follows:
     adalah sebagai berikut:
     a. 8% dari ATMR untuk Bank dengan profil               a.     8% of the RWA for Bank with a risk profile
         risiko peringkat 1;                                       rating of 1;
     b. 9% s.d kurang dari 10% dari ATMR untuk              b.     9% until less than 10% of the RWA for
         Bank dengan profil risiko peringkat 2;                    bank with a risk profile rating of 2;
     c. 10% s.d kurang dari 11% dari ATMR untuk             c.     10% until less than 11% of the RWA for
         Bank dengan profil risiko peringkat 3;                    bank with a risk profile rating of 3;
     d. 11% s.d 14% dari ATMR untuk Bank                    d.     11% until 14% of RWA for bank with risk
         dengan profil risiko peringkat 4 atau                     profile ratings of 4 or 5.
         peringkat 5.

     Pada tanggal 31 Desember 2023 dan 2022                 As of December 31, 2023 and 2022, the ratio
     rasio Kewajiban Penyediaan Modal Minimum               of Capital Adequacy Ratio (CAR) for the bank
     (KPMM) Bank dihitung berdasarkan POJK                  is     calculated      based      on      POJK
     No.11/POJK/03/2016     tentang     Kewajiban           No.11/POJK/03/2016       regarding     Minimum
     Penyediaan Modal Minimum untuk Bank Umum               Capital Adequacy Requirement for Commercial
     sebagaimana diubah terakhir kali melalui POJK          Banks as latest amended with POJK No. 27
     No. 27 tahun 2022 dengan perhitungan                   year 2022 with the following calculation:
     sebagai berikut:

                                              2023               2022
     Bank                                                                                                      Bank
     Dengan memperhitungkan risiko
      kredit, rsiko pasar dan risiko                                                With credit risk, market risk and
      operasional                                                                                  operational risk
        - Aset Tertimbang Menurut Risiko       82,661,131        80,952,690          Risk Weighted Average -
        - Jumlah modal                         21,629,212        20,571,769                        Total capital -
        - Rasio Kewajiban Penyediaan
           Modal Minimum                          26.17%            25.41%            Capital Adequacy Ratio -

     Berdasarkan      POJK     No.11/POJK/03/2016           Based      on     POJK      No.11/POJK/03/2016
     tentang Kewajiban Penyediaan Modal Minimum             regarding     Minimum       Capital    Adequacy
     untuk Bank Umum sebagaimana diubah                     Requirement for Commercial Banks as latest
     terakhir kali melalui POJK No. 27 tahun 2022,          amended with POJK No. 27 year 2022, the
     Bank wajib membentuk tambahan modal                    Bank is required to establish additional capital
     sebagai penyangga (buffer), sebagai berikut:           as a buffer, as follows:
     a. Capital     Conservation     Buffer   adalah        a. Capital Conservation Buffer is an
         tambahan modal yang berfungsi sebagai                  additional capital which serves as a buffer
         penyangga (buffer) apabila terjadi kerugian            in the event of a loss in the period of crisis;
         pada periode krisis;
     b. Countercyclical Buffer adalah tambahan              b.     Countercyclical Buffer is an additional
         modal yang berfungsi untuk mengantisipasi                 capital which serves to anticipated losses
         kerugian apabila terjadi pertumbuhan kredit               in the event of excessive credit growth and
         perbankan yang berlebihan sehingga                        thus potentially disrupt the stability of the
         berpotensi mengganggu stabilitas sistem                   financial system;
         keuangan;
     c. Capital     Surcharge      untuk    Domestic        c.     Capital     Surcharge      for   Domestic
         Systemically Important Bank (D-SIB)                       Systemically Important Banks (D-SIB) is
         adalah tambahan modal yang berfungsi                      an additional capital which serves to
         untuk     mengurangi      dampak     negatif              reduce the negative impact on the stability
         terhadap stabilitas sistem keuangan dan                   of the financial system and economy in the

                                                     162
Page 519
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

          perekonomian apabila terjadi kegagalan                             event of bank failure which has systemic
          bank yang berdampak sistemik melalui                               effect through an increase in the bank's
          peningkatan kemampuan bank dalam                                   ability to absorb losses.
          menyerap kerugian.

      Tambahan modal sebagai penyangga (buffer)                      Additional capital as a buffer which shall be
      yang wajib dibentuk oleh Bank adalah:                          established by the Bank are:
      a. Capital Conservation Buffer sebesar 2,5%                    a. Capital Conservation Buffer amounting to
         dari ATMR.                                                      2.5% of RWA.
      b. Countercyclical Buffer sebesar 0% (nol                      b. Countercyclical Buffer in the amount of 0%
         persen) sampai dengan 2,5% (dua koma                            (zero percent) up to 2.5% (two point five
         lima persen) dari ATMR.                                         percent) from RWA.
      c. Capital Surcharge untuk D-SIB sebesar 1%                    c. Capital Surcharge for D-SIB in the amount
         (satu persen) sampai dengan 2,5% (dua                           of 1% (one percent) to 2.5% (two point five
         koma lima persen) dari ATMR Bank yang                           percent) from RWA of Banks with systemic
         berdampak sistemik.                                             impact.

      Pemenuhan modal sebagai penyangga (buffer)                     Fulfillment of capital as a buffer should be met
      harus    dipenuhi  dengan   menggunakan                        by using components of common equity Tier 1.
      komponen modal inti utama (Common Equity
      Tier 1).

      Bank telah memenuhi ketentuan Bank                             The Bank has fulfilled Bank Indonesia’s
      Indonesia yang berlaku tentang Kewajiban                       regulation regarding Capital Adequacy Ratio
      Penyediaan Modal Minimum dan Perhitungan                       and Calculation of Risk-Weighted Assets.
      Aset Tertimbang Menurut Risiko.


47.   Tambahan Informasi Arus Kas                               47. Supplemental Cash Flow Information

      Rekonsiliasi liabilitas yang timbul dari aktivitas             Liabilities reconciliation     that      arise      from
      pendanaan                                                      financing activities

                              1 Januari/       Arus kas          Arus kas           31 Desember/
                              January 1,       masuk/              keluar/          December 31,
                                2023           Cash in           Cash out               2023

      Pinjaman yang
        diterima                 1,856,213       1,909,228         (856,213)            2,909,228              Borrowings
      Liabilitas sewa               23,720               --          (3,729)               19,991           Lease liabilities
                                 1,879,933       1,909,228         (859,942)            2,929,219


                              1 Januari/      Arus kas          Arus kas           31 Desember/
                             January 1,        masuk/             keluar/           December
                                2022          Cash in            Cash out            31, 2022

      Pinjaman yang
        diterima                  285,050       1,856,213         (285,050)            1,856,213              Borrowings
      Liabilitas sewa              34,288               --         (10,568)               23,720           Lease liabilities
                                  319,338       1,856,213         (295,618)            1,879,933




                                                          163
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PT BANK MEGA TBK                                                                    PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                    (Continued)
Untuk Tahun-tahun yang Berakhir                                                       For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                       December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                               (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                         Unless Otherwise Stated)

48.   Analisis Kualitas Kredit                              48. Credit Quality Analysis

      Pengukuran Kerugian Kredit Ekspektasian                   Measurement of Expected Credit Losses

      Peningkatan Risiko Kredit secara Signifikan               Significant Increase in Credit Risk
      Ketika menentukan apakah risiko gagal bayar               When determining whether the risk of default
      pada instrumen keuangan telah meningkat                   on financial instruments has increased
      secara signifikan sejak pengakuan awal, Bank              significantly since initial recognition, the Bank
      mempertimbangkan informasi yang wajar dan                 considers reasonable and supported relevant
      terdukung, serta relevan yang tersedia tanpa              information that is available without excessive
      biaya atau upaya yang berlebihan. Hal tersebut            costs or efforts. This includes quantitative and
      mencakup informasi dan analisis kuantitatif dan           qualitative information and analysis, based on
      kualitatif, berdasarkan pengalaman historis dan           historical experience and credit expert
      penilaian pakar kredit dan termasuk perkiraan             assessments and including forward-looking
      masa depan (forward-looking).                             estimates.

      Tujuan dari penilaian ini adalah untuk                    The purpose of this assessment is to identify
      mengidentifikasi apakah peningkatan risiko                whether a significant increase in credit risk of
      kredit secara signifikan atas eksposur telah              exposure has occurred by comparing:
      terjadi dengan membandingkan:
      • Probability of default (PD) atas umur tersisa           • Probability of default (PD) for the remaining
          pada tanggal pelaporan; dengan                          age at the reporting date; with
      • Probability of default (PD) atas umur tersisa           • Probability of default (PD) for the estimated
          yang di estimasi pada saat pengakuan awal               remaining age at initial recognition of the
          eksposur (jika relevan, disesuaikan dengan              exposure (if relevant, adjusted for change in
          perubahan ekspektasi pembayaran dimuka).                expectations of prepayment).

      Bank menggunakan kriteria berikut dalam                   Bank use these criteria for determining
      menentukan apakah peningkatan risiko kredit               whether there has been a significant increase
      secara signifikan atas eksposur telah terjadi:            in credit:
      • Pengujian         kuantitatif     berdasarkan           • Quantitative test based on movement in
         perubahan probability of default (PD)                      probability of default (PD)
      • Indikator kualitatif                                    • Qualitative indicators
      • Tertunggak lebih dari 30 hari                           • A backstop of 30 days past due

      Credit Risk Grades                                        Credit Risk Grades
      Bank mengalokasikan setiap eksposur ke credit             The Bank allocated each exposure to credit
      risk grades berdasarkan variasi data yang                 risk grades based on a variety of data that is
      ditentukan untuk memprediksi risiko gagal                 determined to predict the risk of default and
      bayar dan menerapkan pengalaman atas                      apply credit experience judgement. Credit risk
      kredit.   Credit    risk   grades   ditetapkan            grades are determined using qualitative and
      menggunakan faktor kualitatif dan kuantitatif             quantitative factors that can indicate the risk of
      yang dapat mengindikasikan risiko gagal bayar.            default. These factors vary depending on the
      Faktor-faktor ini bervariasi tergantung pada              nature of the exposure and the type of
      sifat eksposur dan jenis peminjam.                        borrower.

      Credit risk grades ditetapkan dan dikalibrasi             Credit risk grades are determined and
      sedemikian rupa sehingga risiko terjadinya                calibrated in such a way that the risk of default
      gagal bayar meningkat secara eksponensial                 is increasing exponentially as credit risk rating
      seiring dengan penurunan rating risiko kredit,            decreases, for example, the difference
      sebagai contoh, selisih antara credit risk rating         between credit risk rating grades 1 and 2 is
      grades 1 dan 2 lebih kecil dari pada selisih              smaller than the difference between credit risk
      antara credit risk rating grades 2 dan 3.                 rating grades 2 and 3.




                                                      164
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PT BANK MEGA TBK                                                                 PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                  NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                 (Continued)
Untuk Tahun-tahun yang Berakhir                                                    For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                    December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                            (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                      Unless Otherwise Stated)

     Setiap eksposur dialokasikan ke credit risk             Each exposure is allocated to credit risk
     grades pada pengakuan awal berdasarkan                  grades at initial recognition based on available
     informasi yang tersedia tentang peminjam.               information about the borrower. This exposure
     Eksposur ini dipantau secara berkelanjutan,             is monitored on an ongoing basis, and may
     dan      dapat   mengakibatkan      eksposur            result in the exposure being moved to a
     dipindahkan ke credit risk grades yang                  different credit risk grade. Monitoring uses
     berbeda. Pemantauan menggunakan informasi               information about debtor payments which is
     tentang ketepatan pembayaran yang biasanya              usually supported by data such as financial
     didukung data-data seperti laporan keuangan,            reports, use of credit facilities and estimates of
     penggunaan fasilitas kredit dan estimasi                economic conditions.
     kondisi ekonomi.

     Penentuan Struktur Probability of Default               Determination of the Probability of Default
                                                             Structure
     Credit risk grades adalah input utama dalam             Credit risk grades are the main input in
     penentuan struktur PD term structure atas               determining the PD term structure of the
     eksposur. Bank mengumpulkan informasi                   exposure. The Bank collects performance and
     kinerja dan gagal bayar tentang eksposur risiko         default information about credit risk exposures,
     kredit yang dianalisis berdasarkan jenis produk         which are analyzed by product and borrower
     dan peminjam serta penilaian risiko kredit.             type as well as credit risk assessment. For
     Untuk beberapa portofolio terutama produk               some portfolios especially treasury products,
     treasury, informasi yang dibeli dari penilai kredit     information purchased from external credit
     eksternal juga digunakan.                               assessors is also used.

     Bank menggunakan model statistik untuk                  The Bank uses a statistical model to analyze
     menganalisis data yang dikumpulkan dan                  the collected data and produce an estimate of
     menghasilkan perkiraan probability of default           the probability of default (PD) for the remaining
     (PD) atas umur tersisa dan bagaimana hal ini            life and how this is expected to change as a
     diperkirakan akan berubah sebagai akibat dari           result of the passage of time.
     berlalunya waktu.

     Analisis ini mencakup identifikasi dan kalibrasi        This analysis includes the identification and
     hubungan antara perubahan tingkat gagal                 calibration of the relationship between changes
     bayar dan perubahan dalam faktor-faktor                 in default rates and changes in key
     makro ekonomi utama pada risiko gagal bayar.            macroeconomic factors on the risk of default.
     Untuk sebagian besar eksposur, indikator                For most exposures, the main macroeconomic
     makro ekonomi utama meliputi: pertumbuhan               indicators include: GDP growth, benchmark
     PDB, suku bunga acuan, dan tingkat                      interest rates and the unemployment rate.
     pengangguran.

     Penentuan Terjadinya Peningkatan Risiko                 Determination of Significant Increase in
     Kredit secara Signifikan                                Credit Risk
     Bank menggunakan sejumlah kriteria untuk                The Bank uses several criteria for determining
     menentukan telah terjadi peningkatan risiko             that credit risk has increased significantly.
     kredit secara signifikan.

     Kriteria tersebut ditetapkan menggunakan                The criteria are determined using qualitative
     faktor kuantitatif dan kualitatif termasuk              and quantitative factors including determination
     penentuan berdasarkan status hari tunggakan             based on arrear day status that can indicate
     yang dapat mengindikasikan telah terjadi                significant increase in credit risk since initial
     peningkatan risiko kredit yang signifikan               recognition.
     terhadap saat awal diberikan.

     Bank dimungkinkan menggunakan penilaian                 The Bank can also use the judgment of credit
     dari analis kredit dan pengalaman historis yang         analysts and, if possible, relevant historical
     relevan, dalam menentukan bahwa eksposur                experience, in determining that the exposure
     mungkin saja telah mengalami peningkatan                may have experienced a significant increase in

                                                       165
Page 522
PT BANK MEGA TBK                                                               PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                               (Continued)
Untuk Tahun-tahun yang Berakhir                                                  For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                  December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                          (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)

     risiko kredit yang signifikan berdasarkan             credit risk based on certain qualitative
     indikator kualitatif tertentu yang dianggap dapat     indicators that are considered to indicate the
     mengindikasikan         hal    tersebut   dimana      effects may not be fully reflected in quantitative
     pengaruhnya mungkin belum sepenuhnya                  analysis.
     tercermin pada saat dilakukan analisis
     kuantitatif.

     Bank menentukan bahwa peningkatan risiko              The Bank determines that a significant
     kredit secara signifikan belum terjadi apabila        increase in credit risk has not occurred if it is
     masih kurang dari 30 hari tunggakan. Hari             still less than 30 days in arrears. Arrear days
     tunggakan ditentukan dengan menghitung                are determined by counting the number of
     jumlah hari sejak tanggal jatuh tempo awal            days from the initial due date where full
     dimana pembayaran penuh belum diterima.               payment has not been received.

     Bank memantau efektivitas kriteria yang               The Bank monitors the effectiveness of the
     digunakan dalam mengidentifikasi peningkatan          criteria used in identifying significant increases
     risiko kredit yang signifikan dengan cara reviu       in credit risk by periodic review.
     berkala.

     Modifikasi Aset Keuangan                              Modification of Financial Assets
     Ketentuan     kontraktual     pinjaman     dapat      Loan contractual terms can be modified for a
     dimodifikasi untuk beberapa alasan, termasuk          number of reasons, including changes in
     perubahan kondisi pasar, retensi pelanggan            market conditions, customer retention and
     dan faktor-faktor lain yang tidak terkait dengan      other factors not related to the current credit
     penurunan kredit saat ini. Pinjaman yang              decline. Loans with modified contractual terms
     ketentuan kontraktualnya dimodifikasi dapat           can cause the initial loan to be derecognized
     menyebabkan pinjaman awal dihentikan                  and recognized the modified loan as a new
     pengakuannya dan pinjaman hasil modifikasi            loan at fair value.
     diakui sebagai pinjaman baru pada nilai wajar.

     Ketika     ketentuan     kontraktual  pinjaman        When the contractual terms of the loan are
     dimodifikasi      dan   tidak     mengakibatkan       modified and do not result in termination of
     penghentian pengakuan, penentuan terjadinya           recognition, determining the occurrence of a
     peningkatan risiko kredit secara signifikan           significant increase in credit risk is done by
     dilakukan dengan cara membandingkan:                  comparing:
     • Sisa PD sepanjang umur pada tanggal                 • PD remainder life at reporting date based
         pelaporan berdasarkan ketentuan yang                 on modified provision; with
         dimodifikasi; dengan
     • Sisa PD sepanjang umur yang diestimasi              • Residual PD throughout the estimated age
         berdasarkan data pada saat pengakuan                based on data at initial recognition and
         awal dan ketentuan kontraktual awal.                initial contractual provisions.

     Definisi Gagal Bayar (Default)                        Definition of Failed Payment (Default)
     Bank menganggap aset keuangan dalam                   The Bank considers financial assets as default
     keadaan default/gagal bayar ketika:                   when:
     • Debitur telah melewati jatuh tempo lebih dari       • The debtors have past due more than 90
        90 hari atas kewajiban kredit material               days for any material credit obligations to
        apapun kepada Bank.                                  the Bank.

     Dalam menilai apakah debitur dalam keadaan            In assessing whether a debtor is in default, the
     default/gagal bayar, Bank mempertimbangkan            Bank considers the following indicators:
     indikator berikut:
     • Kualitatif seperti pelanggaran persyaratan          • Qualitative such as violations of the terms
        penjanjian (covenants);                              of the agreement (covenants);
     • Kuantitatif seperti status tunggakan; dan           • Quantitative such as arrears status; and



                                                     166
Page 523
PT BANK MEGA TBK                                                                         PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                         (Continued)
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                            December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                    (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                              Unless Otherwise Stated)

     • Berdasarkan data yang dikembangkan                           • Based on data developed internally and
       secara internal dan diperoleh dari sumber                      obtained from external sources.
       eksternal.

     Input, Asumsi, dan Teknik yang digunakan                       Inputs, Assumptions, and Techniques used
     dalam mengestimasi penurunan nilai.                            in estimating impairment.

     Penggunaan informasi perkiraan masa                            Use of forward-looking information
     depan (forward-looking)
     Bank menggunakan informasi forward-looking                     The Bank uses forward-looking information in
     dalam menilai apakah telah terjadinya                          assessing whether there has been a significant
     peningkatan risiko kredit secara signifikan dan                increase in credit risk and measurement of
     pengukuran kerugian kredit ekspektasian.                       expected credit losses. Based on advice from
     Berdasarkan saran dari Komite Manajemen                        the Risk Management Committee and
     Risiko dan pertimbangan berbagai informasi                     consideration of various actual information and
     aktual    dan    perkiraan     eksternal,   Bank               external forecast, the Bank formulated a base
     merumuskan pandangan dasar (base case)                         case for the movement of relevant economic
     tentang pergerakan variabel ekonomi yang                       variables in future as well as forecasts of other
     relevan dimasa depan serta perkiraan skenario                  possible scenarios. This process involves
     lain yang mungkin terjadi. Proses ini meliputi                 developing two or more additional economic
     pengembangan dua atau lebih skenario                           scenarios and considering the relative
     ekonomi tambahan dan mempertimbangkan                          probabilities of the possible outputs. External
     probabilitas relatif dari keluaran (output) yang               information includes economic data and
     mungkin. Informasi eksternal mencakup data                     estimateds published by, such as government
     ekonomi dan perkiraan yang diterbitkan oleh,                   agencies and selected private sector analysts.
     seperti badan pemerintah dan analis sektor
     swasta.

     Pandangan dasar (base case) mencerminkan                       The base case reflects the output with the
     keluaran dengan probabilitas yang paling                       highest probability. Another scenario, reflects
     tinggi. Skenario yang lain, mencerminkan                       more optimistic outputs and more pessimistic
     keluaran yang lebih optimis dan keluaran yang                  outputs.
     lebih pesimis.

     Skenario  ekonomi       yang     dirumuskan                    The economic scenario is formulated using the
     menggunakan kisaran indikator utama berikut:                   following range of key indicators:

                                                           2023                                    2024
     Tingkat pengangguran/Unemployment   Kisaran antara 5.50% hingga 6.50%/      Kisaran antara 5.50% hingga 6.50%/
                                         Range between 5.50% to 6.50%            Range between 5.50% to 6.50%
     Suku bunga/Interest rates           Kisaran antara 5.00% hingga 6.25%/      Kisaran antara 4.50% hingga 5.75%/
                                         Range between 5.00% to 6.25%            Range between 4.50% to 5.75%
     Inflasi/Inflaton rate               Kisaran antara 2.00% hingga 4.25%/      Kisaran antara 2.00% hingga 4.00%/
                                         Range between 2.00% to 4.25%            Range between 2.00% to 4.00%
     Brent Oil Price                     Kisaran antara USD 70 hingga USD 95/    Kisaran antara USD 75 hingga USD 95/
                                         Range between USD 70 to USD 95          Range between USD 75 to USD 95


     Pengukuran Kerugian Kredit Ekspektasian                        Measurement of Expected Credit Loss
     Input utama dalam pengukuran kerugian kredit                   The main inputs in measuring expected credit
     ekspektasian adalah variabel berikut:                          loss are the following variables:
     • Probability of default (PD)                                  • Probability of default (PD)
     • Loss of given default (LGD)                                  • Loss of given default (LGD)
     • Exposure at default (EAD)                                    • Exposure at default (EAD)




                                                         167
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PT BANK MEGA TBK                                                                  PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                  (Continued)
Untuk Tahun-tahun yang Berakhir                                                     For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                     December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                             (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)

     Parameter ini umumnya berasal dari model                 These parameters generally come from
     statistik yang dikembangkan secara internal              statistical models that are developed internally
     dan data historis lainnya. Parameter ini                 and other historical data. This parameter is
     disesuaikan untuk mencerminkan informasi                 adjusted to reflect forward-looking information.
     forward-looking.

     Estimasi PD adalah estimasi pada tanggal                 PD estimation is an estimate on a certain date,
     tertentu, yang dihitung berdasarkan model                which is calculated based on a statistical
     peringkat statistik, dan dinilai menggunakan             ranking model, and is assessed using a rating
     rating yang disesuaikan dengan berbagai                  that is adjusted to various categories of
     kategori dari debitur dan eksposur. Model                debtors and exposures. This statistical model
     statistik ini didasarkan pada data yang disusun          is based on data compiled internally consisting
     secara internal yang terdiri dari faktor kuantitatif     of quantitative and qualitative factors.
     dan kualitatif.

     LGD adalah besarnya kerugian jika terjadi                LGD is the amount of loss if there is a default.
     gagal bayar. Parameter LGD diestimasi secara             LGD parameters are historically estimated
     historis berdasarkan tingkat pemulihan atas              based on the level of recovery of claims
     klaim terhadap debitur yang gagal bayar. Model           against debtors who default. The LGD model
     LGD mempertimbangkan jaminan dan biaya                   considers collateral and the cost of recovering
     pemulihan setiap jaminan yang merupakan                  any collateral that is an integral part of a
     bagian integral dari aset keuangan.                      financial asset.

     EAD merepresentasikan estimasi eksposur jika             EAD represents the estimated exposure in
     terjadi gagal bayar. EAD suatu aset keuangan             case of default. EAD of a financial asset is the
     adalah jumlah tercatat bruto. Untuk komitmen             gross carrying amount. For loan commitments
     pinjaman dan jaminan keuangan, EAD                       and financial guarantees, EAD includes the
     mencakup jumlah yang telah ditarik, serta                amount that has been withdrawn, as well as
     jumlah potensial di masa depan yang akan                 potential future amounts to be withdrawn,
     ditarik,   yang      diestimasi   berdasarkan            which are estimated based on historical
     pengamatan       historis     dan    perkiraan           observations and forward-looking estimates.
     berwawasan ke depan (forward-looking).

     Ketika pemodelan parameter dilakukan secara              When parameter modeling is done collectively,
     kolektif, instrumen keuangan dikelompokkan               financial instruments are Banked according to
     berdasarkan kesamaan karakteristik risiko yang           the similarity of risk characteristics which
     meliputi:                                                include:
     • Jenis instrumen;                                       • Type of instrument;
     • Peringkat risiko kredit;                               • Credit risk rating;
     • Jenis agunan;                                          • Type of collateral;
     • Tanggal pengakuan awal;                                • Date of initial recognition;
     • Sisa waktu jatuh tempo.                                • Remaining due date.




                                                        168
Page 525
PT BANK MEGA TBK                                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                             Unless Otherwise Stated)

     a.   Analisis risiko kredit berdasarkan internal                            a.    Credit risk analysis based on internal
          rating grades:                                                               rating grades:

                                                                             31 Desember/December 31, 2023
                                                                                                            Kerugian
                                                                  Kerugian                                 Kredit atas
                                                                   Kredit                Kerugian        Aset Keuangan
                                                                 Sepanjang                 Kredit          yang Dibeli
                                                                  Umurnya               Sepanjang         atau Berasal
                                                                    Tidak                Umurnya            dari Aset
                                                                 Mengalami              Mengalami          Keuangan
                                               Kerugian          Penurunan              Penurunan          Memburuk/
                                                Kredit              Nilai/                  Nilai/        Purchases of
                                            Ekspektasian          Lifetime                Lifetime       Credit Impaired
                                              12 Bulan/           ECL not               ECL-Credit          Financial           Jumlah/
                                           12 - Month ECL      Credit-Impaired           Impaired            Assets              Total

          Kredit yang diberikan yang
          diukur pada biaya perolehan
          yang diamortisasi/Loans
          measured at amortized cost
          Bucket 1                               62,938,851                     --              13,460                     --     62,952,311
          Bucket 2                                1,311,718                     --                 681                     --      1,312,399
          Bucket 3                                        --              342,091                1,075                     --        343,166
          Bucket 4                                        --              669,879                7,214                     --        677,093
          Bucket 5                                        --                    --           1,019,750                     --      1,019,750
                                                 64,250,569             1,011,970            1,042,180                     --     66,304,719
          Dikurangi/Less:
          Pendapatan bunga yang
            ditangguhkan/
            Unearned interest income                                                                                                 (11,823)
          Cadangan kerugian kredit/
            Loss allowance                        (283,361)              (57,929)            (263,526)                              (604,816)

          Nilai tercatat/Carrying amount                                                                                          65,688,080


                                                                             31 Desember/December 31, 2022
                                                                                                            Kerugian
                                                                  Kerugian                                 Kredit atas
                                                                   Kredit                Kerugian        Aset Keuangan
                                                                 Sepanjang                 Kredit          yang Dibeli
                                                                  Umurnya               Sepanjang         atau Berasal
                                                                    Tidak                Umurnya            dari Aset
                                                                 Mengalami              Mengalami          Keuangan
                                               Kerugian          Penurunan              Penurunan          Memburuk/
                                                Kredit              Nilai/                  Nilai/        Purchases of
                                            Ekspektasian          Lifetime                Lifetime       Credit Impaired
                                              12 Bulan/           ECL not               ECL-Credit          Financial           Jumlah/
                                           12 - Month ECL      Credit-Impaired           Impaired            Assets              Total

          Kredit yang diberikan yang
          diukur pada biaya perolehan
          yang diamortisasi/Loans
          measured at amortized cost
          Bucket 1                               68,207,529                     --                  --                     --     68,207,529
          Bucket 2                                        --            1,245,142                   --                     --      1,245,142
          Bucket 3                                        --                    --            136,160                      --        136,160
          Bucket 4                                        --                    --            218,706                      --        218,706
          Bucket 5                                        --                    --            503,766                      --        503,766
                                                 68,207,529             1,245,142             858,632                      --     70,311,303
          Dikurangi/Less :
          Pendapatan bunga yang
            ditangguhkan/
            Unearned interest income                                                                                                 (21,946)
          Cadangan kerugian kredit/
            Loss allowance                        (274,991)               (78,713)           (218,326)                     --       (572,030)
          Jumlah/Total                           67,932,538             1,166,429              640,306
          Nilai tercatat/Carrying amount                                                                                          69,717,327




                                                                  169
Page 526
PT BANK MEGA TBK                                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                           Unless Otherwise Stated)

          Cadangan kerugian kredit untuk aset                                        Allowance for credit losses for financial
          keuangan yang diklasifikasikan pada nilai                                  assets classified as fair value through
          wajar melalui penghasilan komprehensif                                     other comprehensive income is not
          lain tidak diakui pada laporan posisi                                      recognized in the statement of financial
          keuangan karena nilai tercatat aset                                        position because the carrying value of the
          keuangan tersebut adalah nilai wajar.                                      financial assets is fair value.
     b.   Analisis     risiko     kredit      berdasarkan                     b.     Credit risk analysis based on probability of
          probability of default:                                                    default:
                                                                             31 Desember/December 31, 2023
                                                               Kerugian Kredit         Kerugian        Kerugian Kredit Atas
                                                                 Sepanjang               Kredit           Aset Keuangan
                                                                  Umurnya             Sepanjang             yang dibeli
                                                                    Tidak              Umurnya             atau Berasal
                                                                 Mengalami            Mengalami              dari Aset
                                              Kerugian           Penurunan            Penurunan             Keuangan
                                               Kredit               Nilai/                Nilai/            Memburuk/
                                           Ekspektasian           Lifetime              Lifetime           Purchases or
                                             12 Bulan/            ECL not             ECL-Credit         Credit Impaired      Jumlah/
                                           12-Month ECL        Credit-Impaired         Impaired          Financial Assets      Total
          Kredit yang diberikan yang
            diukur pada biaya perolehan
            yang diamortisasi/Loans at
            measured amortized cost
          Kredit Non Bank/Loan from
          Non-Bank
            0,73% - 3,94%                       62,856,309                                     13,460                    --      62,869,769
            4,68% - 26,22%                       1,311,718                    --                  681                    --       1,312,399
            6,23% - 60,34%                                              342,091                 1,075                    --         343,166
            12,01% - 19,80%                                             669,879                 7,214                    --         677,093
            100,00%                                                                         1,019,750                    --       1,019,750
          Kredit Bank/Loan from Bank
            0,00%                                   82,542                     --                   --                   --          82,542
                                                64,250,569             1,011,970            1,042,180                    --      66,304,719
          Dikurangi/Less:
          Pendapatan bunga yang
            ditangguhkan/
            Unearned interest income                                                                                               (11,823)
          Cadangan kerugian kredit/
            Loss allowance                        (283,361)             (57,929)             (263,526)                            (604,816)

          Nilai tercatat/Carrying amount                                                                                         65,688,080


                                                                             31 Desember/December 31, 2022
                                                               Kerugian Kredit         Kerugian        Kerugian Kredit Atas
                                                                 Sepanjang               Kredit           Aset Keuangan
                                                                  Umurnya             Sepanjang             yang dibeli
                                                                    Tidak              Umurnya             atau Berasal
                                                                 Mengalami            Mengalami              dari Aset
                                              Kerugian           Penurunan            Penurunan             Keuangan
                                               Kredit               Nilai/                Nilai/            Memburuk/
                                           Ekspektasian           Lifetime              Lifetime           Purchases or
                                             12 Bulan/            ECL not             ECL-Credit         Credit Impaired      Jumlah/
                                           12-Month ECL        Credit-Impaired         Impaired          Financial Assets      Total
          Kredit yang diberikan yang
            diukur pada biaya perolehan
            yang diamortisasi/Loans at
            measured amortized cost
          Kredit Non Bank/Loan from
          Non-Bank
            0,71% - 3,50%                        66,474,314                    --                   --                   --      66,474,314
            4,70% - 28,35%                        1,487,091            1,245,142                    --                   --       2,732,233
            6,07% - 68,56%                                --                   --             136,160                    --         136,160
            12,00% - 92,93%                               --                   --             218,706                    --         218,706
            100,00%                                       --                   --             503,766                    --         503,766
          Kredit Bank/Loan from Bank
            0,00%                                   246,124                    --                   --                   --         246,124
                                                 68,207,529            1,245,142              858,632                    --      70,311,303
          Dikurangi/Less:
          Pendapatan bunga yang
            ditangguhkan/
            Unearned interest income                                                                                               (21,946)
          Cadangan kerugian kredit/
            Loss allowance                        (274,991)             (78,713)             (218,326)                   --       (572,030)

          Nilai tercatat/Carrying amount                                                                                         69,717,327



                                                                170
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PT BANK MEGA TBK                                                                                        PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                        (Continued)
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                           December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                   (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                             Unless Otherwise Stated)

     c.   Analisis risiko kredit berdasarkan external                            c.    Credit risk analysis based on external
          rating grades:                                                               rating grades:

                                                                             31 Desember/December 31, 2023
                                                                                                             Kerugian
                                                                  Kerugian                                  Kredit atas
                                                                   Kredit                Kerugian         Aset Keuangan
                                                                 Sepanjang                 Kredit           yang Dibeli
                                                                  Umurnya               Sepanjang          atau Berasal
                                                                    Tidak                Umurnya             dari Aset
                                                                 Mengalami              Mengalami           Keuangan
                                               Kerugian          Penurunan              Penurunan           Memburuk/
                                                Kredit              nilai /                Nilai /         Purchases or
                                            Ekspektasian          Lifetime                Lifetime        Credit Impaired
                                               12 bulan/          ECL not               ECL-Credit           Financial           Jumlah/
                                            12-Month ECL       Credit-Impaired           Impaired             Assets              Total

          Kredit yang diberikan yang
            diukur pada biaya perolehan
            yang diamortisasi/Loans at
            measured amortized cost
          Kolektibilitas/Collectibility 1        62,242,122                  115                     --                     --      62,242,237
          Kolektibilitas/Collectibility 2         2,008,447            1,011,855                     --                     --       3,020,302
          Kolektibilitas/Collectibility 3                 --                   --               79,162                      --          79,162
          Kolektibilitas/Collectibility 4                 --                   --              203,301                      --         203,301
          Kolektibilitas/Collectibility 5                 --                   --              759,717                      --         759,717
                                                 64,250,569            1,011,970             1,042,180                      --      66,304,719
          Dikurangi/Less :
          Pendapatan bunga yang
            ditangguhkan/Unearned
            interest income                                                                                                           (11,823)
          Cadangan kerugian kredit/
            Loss allowance                         (283,361)             (57,929)             (263,526)                              (604,816)

          Nilai tercatat/Carrying amount                                                                                            65,688,080


                                                                             31 Desember/December 31, 2022
                                                                                                             Kerugian
                                                                  Kerugian                                  Kredit atas
                                                                   Kredit                Kerugian         Aset Keuangan
                                                                 Sepanjang                 Kredit           yang Dibeli
                                                                  Umurnya               Sepanjang          atau Berasal
                                                                    Tidak                Umurnya             dari Aset
                                                                 Mengalami              Mengalami           Keuangan
                                               Kerugian          Penurunan              Penurunan           Memburuk/
                                                Kredit              nilai /                Nilai /         Purchases or
                                            Ekspektasian          Lifetime                Lifetime        Credit Impaired
                                               12 bulan/          ECL not               ECL-Credit           Financial           Jumlah/
                                            12-Month ECL       Credit-Impaired           Impaired             Assets              Total

          Kredit yang diberikan yang
            diukur pada biaya perolehan
            yang diamortisasi/Loans at
            measured amortized cost
          Kolektibilitas/Collectibility 1        66,720,438                    --                    --                     --      66,720,438
          Kolektibilitas/Collectibility 2         1,487,091            1,245,142                     --                     --       2,732,233
          Kolektibilitas/Collectibility 3                 --                   --              136,160                      --         136,160
          Kolektibilitas/Collectibility 4                 --                   --              218,706                      --         218,706
          Kolektibilitas/Collectibility 5                 --                   --              503,766                      --         503,766
                                                 68,207,529            1,245,142               858,632                      --      70,311,303
          Dikurangi/Less :
          Pendapatan bunga yang
            ditangguhkan/Unearned
            interest income                                                                                                           (21,946)
          Cadangan kerugian kredit/
            Loss allowance                         (274,991)             (78,713)             (218,326)                     --       (572,030)

          Nilai tercatat/Carrying amount                                                                                            69,717,327




                                                                   171
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PT BANK MEGA TBK                                                                                             PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                              NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                             (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                        (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                  Unless Otherwise Stated)

     Analisis   Sensitivitas     Kerugian    Kredit                                     Sensitivity Analysis of Expected Credit
     Ekspektasian Terhadap Kondisi Ekonomi                                              Loss for Future Economic Conditions
     Masa Depan
     Asumsi ekonomi yang disajikan berikut ini                                          The economic assumptions presented below
     disusun secara internal untuk keperluan                                            are prepared internally for the purpose of
     perhitungan kerugian kredit ekspektasian.                                          calculating expected credit losses.

        Skenario Moderat/Moderate Scenario                 2023                  2024                2025                 2026                 2027

     Skenario Moderat/Moderate Scenario
     Interbank                                                    6.00%                 5.75%               5.25%                4.75%                4.25%
     Brent                                                            85                    85                  85                   85                   80
     Inflasi/Inflation                                            3.00%                 2.50%               2.25%                2.25%                2.50%
     Tingkat pengangguran/Unemployment                            5.75%                 5.75%               5.75%                5.75%                5.75%

     Skenario Optimis/Upside Scenario
     Interbank                                                    5.75%                 5.50%               5.00%                4.50%                4.00%
     Brent                                                            80                    80                  80                   80                   80
     Inflasi/Inflation                                            2.50%                 2.00%               1.75%                1.75%                1.75%
     Tingkat pengangguran/Unemployment                            5.50%                 5.50%               5.25%                5.25%                5.25%

     Skenario Pesimis/Downside Scenario
     Interbank                                                    6.25%                 6.00%               5.50%                5.00%                4.50%
     Brent                                                            95                    90                  90                   90                   90
     Inflasi/Inflation                                            4.25%                 3.50%               3.25%                3.25%                3.25%
     Tingkat pengangguran/Unemployment                            6.25%                 6.00%               6.00%                6.00%                6.00%


                                                                                                            Aset Keuangan
                                                                                                              yang Diukur
                                                                                                               pada Nilai
                                                                                                              Wajar Melalui
                                                                                 Aset Keuangan                Penghasilan
                                                                                  yang Diukur                Komprehensif
                                                                                   pada Biaya                Lain/Financial
                                                                                  Perolehan di                   Assets
                                                                                  Amortisasi /                Measured at
                                                                                    Financial                  Fair Value
                                                                                     Assets                  through Other
              Rasio Kerugian Kredit Ekspektasian Terhadap                         Measured at               Comprehensive
                            Aset Keuangan/                                       Amortized Cost                 Income                    Total/Total
                     ECL Ratio to Financial Assets                                   Rupiah                      Rupiah                     Rupiah

     31 Desember/December 31, 2023
       Kerugian kredit ekspektasian yang dilaporkan/
         Reported expected credit losses                                                       609,392                        --                  609,392
       Nilai tercatat bruto/Gross carrying amount                                           70,294,772               35,269,588               105,564,360
       Rasio kerugian kredit ekspektasian yang
         dilaporkan terhadap nilai tercatat bruto/expected credit loss
         ratio to gross carrying amount                                                          0.87%                  0.000%                      0.58%

     31 Desember/December 31, 2022
       Kerugian kredit ekspektasian yang dilaporkan/
         Reported expected credit losses                                                       573,249                      915                   574,164
       Nilai tercatat bruto/Gross carrying amount                                           80,265,337               37,465,724               117,731,061
       Rasio kerugian kredit ekspektasian yang
         dilaporkan terhadap nilai tercatat bruto/expected credit loss
         ratio to gross carrying amount                                                          0.71%                  0.002%                      0.49%




                                                                           172
Page 529
PT BANK MEGA TBK                                                                      PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                      (Continued)
Untuk Tahun-tahun yang Berakhir                                                         For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                         December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                 (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)

49.   Standar Akuntansi dan Interpretasi Standar            49. Accounting Standard and Interpretation of
      Akuntansi yang Telah Disahkan, tetapi                     Accounting Standard which Has Issued but
      Belum Berlaku Efektif                                     Not Effective Yet

      Amendemen atas standar yang berlaku efektif               Amendments to standards effective for periods
      untuk periode yang dimulai pada atau setelah              beginning on or after January 1, 2024 with
      1 Januari 2024 dengan penerapan dini                      early adoption is permitted, are as follows:
      diperkenankan, yaitu:
      - Amendemen PSAK 1: “Penyajian Laporan                    - Amendment of PSAK 1: “Presentation of
         Keuangan” terkait liabilitas jangka panjang              Financial Statements” insurance contract
         dengan kovenan;                                          regarding long-term liabilities with the
                                                                  covenant;
      -   Amendemen PSAK 73: “Sewa terkait                      - Amendment of PSAK 73: “Leases”
          liabilitas sewa pada transaksi jual dan sewa-           regarding lease liabilities in sale-and-lease
          balik”;                                                 back transactions;
      -   Revisi PSAK 101: “Penyajian Laporan                   - Revised PSAK 101: “Presentation of
          Keuangan Syariah”; dan                                  Shariah Financial Statement”; and
      -   Revisi PSAK 109: “Akuntansi Zakat, Infak,             - Revised PSAK 109: “Zakah, Infaq and
          dan Sedekah”.                                           Sadaqah”.

      Amendemen atas standar yang berlaku efektif               Amendments to standards effective for periods
      untuk periode yang dimulai pada atau setelah              beginning on or after January 1, 2025 with
      1 Januari 2025 dengan penerapan dini                      early adoption is permitted, are as follows:
      diperkenankan, yaitu:
      - PSAK 74: “Kontrak Asuransi”; dan                        -   PSAK 74: “Insurance Contract”; and
      - Amendemen PSAK 74: “Kontrak Asuransi”                   -   Amendment of PSAK 74: “Insurance
         terkait Penerapan Awal PSAK 74 dan PSAK                    Contract” regarding Initial Application of
         71 Informasi Komparatif.                                   PSAK 74 and PSAK 71 - Comparative
                                                                    Information.

      Pada saat penerbitan laporan keuangan, Bank               As at the authorization date of this financial
      masih mempelajari dampak yang mungkin                     statements, the Bank is still evaluating the
      timbul dari penerapan standar baru dan revisi             potential impact of these new and revised
      tersebut serta pengaruhnya pada laporan                   standards to the Bank’s financial statements.
      keuangan Bank.


50.   Reklasifikasi Akun                                    50. Reclassification of Accounts

      Akun-akun berikut dalam laporan keuangan                  The following accounts in the financial
      untuk tahun yang berakhir pada tanggal                    statements for the year ended December 31,
      31 Desember 2022 telah direklasifikasi agar               2022 has been reclassified to be consistent
      konsisten dengan penyajian laporan keuangan               with presentation of the financial statements for
      untuk tahun yang berakhir pada tanggal                    the year ended December 31, 2023:
      31 Desember 2023:




                                                      173
Page 530
PT BANK MEGA TBK                                                                                              PT BANK MEGA TBK
CATATAN ATAS LAPORAN KEUANGAN                                                               NOTES TO THE FINANCIAL STATEMENTS
(Lanjutan)                                                                                                              (Continued)
Untuk Tahun-tahun yang Berakhir                                                                                 For the Years Ended
Pada Tanggal 31 Desember 2023 dan 2022                                                                 December 31, 2023 and 2022
(Disajikan dalam Jutaan Rupiah,                                                                         (Expressed in Million Rupiah,
Kecuali Dinyatakan Lain)                                                                                   Unless Otherwise Stated)
                                                                   31 Desember/December 31 , 2022
                                                      Dilaporkan                                     Setelah
                                                     sebelumnya/           Reklasifikasi/         reklasifikasi/
                                                Before reclassification   Reclassification    After reclassification


      LAPORAN ARUS KAS                                                                                                     STATEMENTS OF CASH FLOWS

      Arus kas dari aktivitas operasi                                                                                   Cash flows from operating activities
       Kenaikan/(penurunan) dari:                                                                                                  Increase/decrease from:
         Aset lain-lain                                         91,232                35,290                 126,522                        Other assets
         Beban yang masih harus dibayar                                                                                              Accrued expenses
           dan liabilitas lain-lain                          (391,239)                10,568                (380,671)                and other liabilities
      Kas neto diperoleh dari                                                                                                          Net cash provided by
       aktivitas operasi                                    16,561,226                45,858              16,607,084                   operating activities
      Arus kas dari aktivitas investasi                                                                                 Cash flows from financing activities
                                                                                                                           Acquisiton of fixed assets and
       Perolehan aset tetap dan aset hak-guna                (283,730)              (35,290)                (319,020)                right-of-use assets
      Kas neto digunakan untuk                                                                                                         Net cash provided by
       aktivitas investasi                                (13,408,173)              (35,290)             (13,443,463)                  operating activities

      Arus kas dari aktivitas pendanaan                                                                                 Cash flows from financing activities
       Pembayaran liabilitas sewa                                    --             (10,568)                 (10,568)           Payments of lease liabilities
      Kas neto digunakan untuk                                                                                                            Net cash used for
       aktivitas pendanaan                                  (1,228,837)             (10,568)              (1,239,405)                  financing activities
                                                                                                                        Cash and cash equivalent at the end
      Kas dan setara kas akhir tahun                       19,516,551                      --             19,516,551                             of the year




51.   Penyelesaian Laporan Keuangan                                              51. Completion of Financial Statements

      Manajemen Bank bertanggung jawab atas                                             The management of the Bank is responsible
      penyusunan laporan keuangan ini, yang                                             for the preparation of these financial
      diselesaikan dan disetujui untuk diterbitkan                                      statements, which were completed and
      oleh Direksi pada tanggal 26 Januari 2024.                                        authorized by the Board of Directors for issue
                                                                                        on January 26, 2024.




                                                                           174
Page 531

          
Page 532
     2023 Annual Report




PT. BANK MEGA Tbk.
Menara Bank Mega
Jl. Kapten P. Tendean No. 12 - 14A. Jakarta 12790


   BankMegaID         @bankmegaid            @bankmega
   @BankMegaID        Bank Mega Indonesia

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Size11.16 MB
Published29 Feb 2024
Pages532
Characters2,588,250
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 291 people and organisations named in the text · linked when the evidence is strong

linked org BANK MEGA Tbk p.1 ×1280
linked person Lay Diza Larentie · President Director p.20 ×17
linked person Indivara Erni · Vice President Director p.20 ×18
linked person Kostaman Thayib · President Director p.22 ×13
linked org Smartfren Telecom Tbk p.23 ×2
linked org PT Smart Telecom p.23
linked org Sarana Agro p.26
linked person Chairul Tanjung · President Commissioner p.35 ×16
linked person Yungky Setiawan · President Commissioner p.40 ×11
linked person Achjadi Ranuwisastra · Commissioner p.40 ×9
linked person Lambock V. Nahattands · Commissioner p.40 ×10
linked person YB Hariantono · Director p.52 ×5
linked person Yuni Lastianto p.53 ×8
linked person Madi Darmadi Lazuardi p.53 ×3
linked person Martin Mulwanto p.53 ×8
linked person C. Guntur Triyudianto · Director p.53 ×8
linked org PT Trans Airways. p.77
linked org PT Rajawali Corpora p.78
linked org PT Bank Danamon Indonesia p.78 ×3
linked org Bank Mandiri p.83 ×9
linked — Standard Chartered p.84 ×2
linked org Bank Permata p.85 ×12
linked org Bank Danamon p.87 ×5
linked org Bank UOB Indonesia p.87 ×7
linked org Bank QNB Indonesia p.87
linked org Mandiri Sekuritas p.88 ×2
linked org APAC Investment p.88
linked — UBS AG Singapore p.88
linked person Ivan Purnama Sanoesi · Anggota p.92 ×3
linked org Bank Ina Perdana Tbk. p.92 ×2
linked org Bank Central Asia p.92
linked person Aloysius Ary Satrio p.96
linked org Bank HSBC Indonesia p.99
linked org WAHYU AGUNG p.101
linked org PT Asuransi Umum Mega p.108 ×5
linked org Allo Bank Indonesia Tbk p.108 ×2
linked org Mega Capital Sekuritas p.108
linked org Multi Sarana p.113
linked org Lippo Cikarang p.115
linked org PANTAI INDAH KAPUK p.117 ×2
linked org Bank KB Bukopin p.471
possible org Bank Mega’s p.5 ×28
possible person Hizbullah · Commissioner p.40 ×3
possible org Mega Corpora p.40 ×28
possible org Bank Bank Mega p.41
possible org PT Mega Bank p.61 ×8
possible — Morgan Stanley p.88
possible person Achmad Yani p.99 ×4
possible org Bank DBS p.100
possible org PT Mega Corpora’s p.106
possible org Amir Abadi Jusuf p.111
possible — Central Business p.111
possible person Abdul Rahman p.114
possible person H. Agus Salim p.114 ×3
possible person DEWI SARTIKA p.119
possible org Otoritas Jasa Keuangan p.368 ×3
possible org Elnusa Tbk p.472 ×14
unresolved org Financial Services Authority p.2 ×19
unresolved org PT Bank MegaTbk p.2
unresolved org CT Corp p.2 ×33
unresolved org Bank Mega. Enhancing Digital Excellence Bank Mega p.5
unresolved org PT CT Corpora p.6 ×9
unresolved — Realization of the Use of Public p.9
unresolved — Supporting Organs p.9
unresolved — Information on p.9
unresolved — Significant Effect on p.9
unresolved — Changes in Accounting p.9
unresolved — Business Prospect p.9
unresolved org Indonesia Stock Exchange p.17 ×4
unresolved org BAPEPAM-LK p.17 ×6
unresolved org Bank Penyusun Resolution Plan p.20
unresolved org Bank KBMI p.20
unresolved org Bank Assets Category Within Rp p.21
unresolved org Bank Terbaik Dalam Pelaporan SCV p.22
unresolved org PT Dwimitra Nusantara p.25
unresolved org PT Sarana Agro Investama p.26
unresolved org PT Prima Perdana Optima p.26
unresolved org Bank Mega’s NPL p.36
unresolved org Bank Mega’s Third Party Fund p.36
unresolved org Ministry of Finance p.37 ×2
unresolved org Bank Mega’s Whistleblowing p.39
unresolved org Bank Mega’s Independent Commissioner In p.40
unresolved org Bank Supervision Department p.40 ×3
unresolved person Vice · Commissioner p.42 ×5
unresolved org Bank Mega’s Loan p.44 ×2
unresolved org Bank Indonesia p.46 ×31
unresolved org Bank Indonesia’s p.46 ×5
unresolved org Bank Mega’s LDR p.48
unresolved org PT CT Corpora Group. p.51
unresolved org PT Mega Corpora (58.02 %) p.60
unresolved org PT Bank Karman p.60 ×3
unresolved — Mega Smart Mobile (M-Smile) p.60
unresolved org Bank License p.60
unresolved org Minister of Finance Decree Republic of Indonesia No. D. p.60
unresolved org Bank Mega Commercial Bank Licence p.60
unresolved person Kapten Tendean No. 12-14A p.60
unresolved — DKI p.60
unresolved — corsec@bankmega.com p.60
unresolved org Bapepam p.60 ×3
unresolved — : bankmega.com p.60
unresolved — : BankMegaID p.60 ×3
unresolved org Bank Mega Indonesia Issued p.60
unresolved — : @bankmega p.60
unresolved org PT Para Rekan p.61 ×2
unresolved org Mega Tbk p.61 ×6
unresolved org PT Bank Mega. Finally p.62
unresolved org PT Para Global Investindo p.62
unresolved org PT Para Rekan Investama p.62 ×2
unresolved org Bank Mega ATMs p.63
unresolved org Bank Indonesia Certificates p.64
unresolved org Bank Pakai BI-FAST GRATIS Tanpa Syarat p.65
unresolved org Bank Mega ATM. p.68
unresolved org Bank Indonesia. Users p.68
unresolved org Bank M-Smile. Customers p.69
unresolved person Forum Komunikasi · Direktur p.71
unresolved org Bank Mega Board p.74
unresolved org Minister of Economic Affairs p.77
unresolved org Bank Mega Jakarta. Management Development Institute p.77
unresolved org PT Trans Corpora. Technology University p.77
unresolved org PT Private Investment Indonesia. Refocus p.77
unresolved org PT Trans Indo p.78 ×3
unresolved org PT Trans Living EGMS p.78
unresolved — Served · Commissioner p.78 ×5
unresolved org Indofood CBP Tbk p.78 ×2
unresolved org PT Transindo p.78
unresolved org PT Trans Impor p.78
unresolved org PT Trans Burger. Educational Background p.78
unresolved org PT Trans Coffee. p.78 ×6
unresolved org PT. Digital Payment System. Business School p.78
unresolved org PT. Trans Ice. p.78
unresolved org PT Trans p.78 ×24
unresolved org PT. Trans F p.78
unresolved org PT Metropolitan p.78
unresolved org Ultimate Tbk p.78
unresolved org PT Trans Fashion p.78
unresolved org PT Trans Food p.78
unresolved org Training Tbk p.78
unresolved org PT Danamon Kreasi p.78
unresolved org PT Trans Retail. p.78 ×3
unresolved org Minister of Pariwara p.78
unresolved org PT Trans Rasa p.78 ×2
unresolved person Nippon. · Director p.78
unresolved org PT Danamon Asuransi p.78
unresolved org PT Alfa Retailindo. p.78
unresolved org PT Trans Rasa Bali. p.78
unresolved org PT Trans Pizza p.78
unresolved org PT Metro Outlet p.78
unresolved org PT Trans Mart. p.78
unresolved org PT Trans Grosir Indonesia. p.78
unresolved org PT Trans Distributor. p.78
unresolved org PT. Trans Importer. p.78
unresolved org Bank Mega Tower. Bachelor p.79
unresolved org Bank Mega Tower. Employment History p.79
unresolved org Bank Exim p.79 ×2
unresolved org Danamon Indonesia Tbk p.79 ×2
unresolved org Ministry of State Secretariat p.80 ×2
unresolved org Minister of State p.80
unresolved org Minister of Law and Legislation p.80
unresolved org Bank Mega Tower. Supervisor p.81
unresolved org Bank Mega Tower. Financial Services Authority p.81
unresolved person Madi D. Lazuardi · Director p.82 ×2
unresolved org Minister of Finance and Banking p.83 ×2
unresolved org Bank Indonesia. Portland State University p.83
unresolved org Minister of Malaysia p.83
unresolved org Bank BCA p.83
unresolved org PT AXA Mandiri p.83
unresolved org Bank Mega Tower. p.83
unresolved org Bank Mega Tower. Mega Tbk p.83 ×2
unresolved org Bank GMS p.84
unresolved org Ministry of Economic Affairs p.84
unresolved org Bank Mega Has p.84
unresolved org Bank Mega Cybersecurity p.84
unresolved org Bank Mega Bank Lippo Tbk p.84 ×2
unresolved org Bank Lippo Tbk p.84 ×2
unresolved org PT Visa Worldwide Citibank p.84
unresolved org HSBC Ltd p.84 ×2
unresolved org Bank Mega Cyber Security p.85 ×6
unresolved org Bank Mega Jakarta. GMS p.85
unresolved org Bank Mega Jakarta. Educational Background p.85
unresolved org Bank Universal p.85
unresolved org Ethical Bank Mega Tbk p.85
unresolved org Shangrila Hotel Jakarta. Bank Mega Tbk p.85
unresolved org Supporting Tbk p.85
unresolved org Bank Malaysia p.86
unresolved org Bank Mega Credit Administration p.86
unresolved org Save Bank Mega Tbk p.86
unresolved org Financial Integrity Bank Mega Tbk p.86
unresolved org Bank Mega Tower. Educational Background p.87
unresolved org Bank Mega. Employment History p.87 ×3
unresolved org Bank Mega. Commercial Banking p.87
unresolved org Bank (2007—2008). | • Mandiri p.88
unresolved org Bank BTPN Economic Outlook p.88
unresolved org Bank BTPN November Markets p.88
unresolved org PT Bank ANZ Indonesia p.88
unresolved org Bank Mega Manager p.89
unresolved org Bank Bali p.89 ×5
unresolved org Bank (2005—2010). | Mega p.89
unresolved org Deposit Insurance Corporation p.89
unresolved org Menara Bank Mega Jakarta. Mega Tbk p.90
unresolved org Bank Mega Jakarta. Mega Tbk p.90
unresolved org Bank Mega Jakata. Coordinator p.90
unresolved org Bank Merger Integration p.90
unresolved org Bank Team p.90
unresolved org Bank Mega. Technology Head p.90
unresolved org Bank Exim. His p.91
unresolved org PT Tirto Bumi Prakarsatama p.91
unresolved org PT Bank Hibank Indonesia p.92
unresolved org PT BCA Digital. PPM School p.92
unresolved org PT Central Sentosa Finance p.92
unresolved org Bank Mega Cyber Security Awareness p.95 ×2
unresolved org Bank Mega Refocus p.95
unresolved org Bank Mega. Management. p.96
unresolved org PT Astrindo Satrya p.97
unresolved org PT Benua Birunusa p.97
unresolved org Mandiri Tbk p.97
unresolved org PT Bank Pundi Indonesia p.97 ×2
unresolved org Bank BJB West Java p.99
unresolved org Bank Danamonm p.99
unresolved org Bank Victoria p.99
unresolved org Bank UOB Management p.99
unresolved org Bank HCBC Indonesia p.99
unresolved org Bank Ekonomi Raharja p.100
unresolved org Bank Muamalat p.100
unresolved org PT Para Rekan Investama. Chairul Tanjung p.104
unresolved org PT CT CORPORA INVESTAMA Chairul Tanjung p.104
unresolved org PT Trans Corpora p.106
unresolved org PT Management Data Corpora. p.106
unresolved org FINANCE PTE. LTD DIGITAL GLOBAL AIR PTE. LTD p.107
unresolved org MINTVILLE CORPORATION PACIFIC AIR HOLDINGS LTD p.107
unresolved org FINEGOLD RESOURCES LTD p.107 ×2
unresolved org PT Mega Auto Finance p.108 ×3
unresolved org PT PFI Mega p.108
unresolved org PT Asuransi Jiwa Mega Indonesia p.108
unresolved org PT Bank Mega Syariah p.108
unresolved org PT Mega Asset Management p.108
unresolved org Bank Harda Internasional Tbk p.108 ×2
unresolved org Amir Abadi Jusuf, Aryanto, Mawar & Rekan · Kantor Akuntan Publik p.111
unresolved org Mawar & Rekan p.111
unresolved org PT Datindo Entrycom · Biro Administrasi Efek p.111
unresolved org PT Pemeringkat Efek Indonesia p.111
unresolved person Dharma Akhyuzi p.111 ×3
unresolved person KH. Hasyim Ashari p.112 ×2
unresolved person K.H. Wachid Hasyim p.112
unresolved org Bank Mega Bandung p.113
unresolved person KH. Noer Ali p.113
unresolved person K.H. Mas Mansyur p.113
unresolved person Padang | 075120999 | 075123099 | SUMATERA BARAT p.114
unresolved person Ir. Sutami p.114
unresolved org Bank Mega Lantai. Dasar p.114
unresolved person Ir. Juanda p.115 ×3
unresolved org Jakarta Selatan 12310 DKI Jakarta p.115
unresolved org PT Bank Pembangunan Daerah Sulawesi Utara p.168 ×9
unresolved org PT Bank Pembangunan Daerah Sulawesi Tengah p.168 ×3
unresolved org PT Trans Kalla Makassar p.168 ×5
unresolved org PT Duta Visual Nusantara TV p.168 ×12
unresolved org PT Trans Retail Indonesia p.168 ×8
unresolved org PT Trans Burger p.168 ×5
unresolved org PT Trans Entertainment p.168 ×5
unresolved org PT Para Bandung Propertindo p.168 ×4
unresolved — Pengangkatan Y. B Hariantono · Direktur p.369
unresolved person Purwo Junianto · Anggota p.369
unresolved person Akhyuzi p.369 ×2
unresolved org PT Trans Entertainment Lain-lain p.463
unresolved org PT Mega Central Finance p.465 ×2
unresolved org PT Para Bandung Propertindo Lain-lain p.465
unresolved org PT PFI Mega Life Insurance p.465
unresolved org PT PFI Mega Life Insurance Total p.465
unresolved org PT Televisi Transformasi Indonesia p.465 ×2
unresolved org PT Trans Digital Media p.465 ×2
unresolved org PT Trans News Corpora p.465 ×2
unresolved org PT Trans Berita Bisnis p.465
unresolved org PT Trans Berita Bisnis Lain-lain p.465
unresolved org PT Trans Impor Indonesia p.471
unresolved org PT Trans Fashion Impor p.471
unresolved org CT Global Finance PTe. Ltd p.471
unresolved org Mintville Corporation p.471
unresolved org PT Trans Berita Bisnis Enam p.471
unresolved org PT Trans Berita Bisnis Delapan p.471
unresolved org PT Trans News Production p.471
unresolved org Female Daily Pte. Ltd p.471
unresolved org Pacific Air Holdings Ltd p.471
unresolved org PT Bali Properti Developer p.471
unresolved org PT Rekan Investama Indonesia p.471
unresolved org PT Bank KB Bukopin Syariah p.471
unresolved org Colink Assets Holding Limited p.471
unresolved org CT-Corp Investments Singapore PTE Ltd p.471
unresolved org PT Dharya Haddira Kartikatama p.471
unresolved org PT Para Duta Bangsa p.471
unresolved org Indonesian District Court p.472
unresolved org Mahkamah Agung p.472 ×2
unresolved org Bank Mega Indonesia p.532

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